XML 15 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Condensed Statements Of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Interest and dividend income:        
Interest and fees on loans $ 56,337 $ 58,269 $ 168,500 $ 176,967
Interest and dividends on:        
Obligations of U.S. Government, its agencies and other securities 8,880 12,187 27,795 39,565
Obligations of states and political subdivisions 7 33 40 121
Other interest income 186 129 546 289
Total interest and dividend income 65,410 70,618 196,881 216,942
Interest on deposits:        
Demand and savings deposits 422 636 1,391 1,992
Time deposits 2,729 3,757 8,719 12,517
Interest on borrowings:        
Short-term borrowings 132 168 410 506
Long-term debt 7,167 8,041 21,236 23,503
Total interest expense 10,450 12,602 31,756 38,518
Net interest income 54,960 58,016 165,125 178,424
Provision for loan losses 2,498 16,655 3,500 30,231
Net interest income after provision for loan losses 52,462 41,361 161,625 148,193
Other income:        
Income from fiduciary activities 4,139 4,019 12,543 11,891
Service charges on deposit accounts 4,255 4,244 12,147 12,469
Other service income 3,391 4,017 10,728 10,168
Checkcard fee income 3,326 3,038 9,625 9,390
Bank owned life insurance income 1,311 1,184 3,767 3,570
ATM fees 705 565 2,009 1,709
OREO valuation adjustments (2,030) (425) (2,229) (4,432)
Gain on sale of OREO, net 895 138 2,752 3,386
Gain on sale of the Vision business 0    0 22,167
Other 1,404 1,299 4,157 4,889
Total other income 17,396 18,079 55,499 75,207
Other expense:        
Salaries and employee benefits 25,871 24,255 75,183 71,891
Occupancy expense 2,348 2,303 7,389 7,222
Furniture and equipment expense 2,639 2,666 8,227 8,014
Data processing fees 1,042 904 3,110 3,003
Professional fees and services 5,601 6,040 17,345 17,421
Amortization of intangibles 112 139 337 2,033
Marketing 863 924 2,664 2,472
Insurance 1,174 1,408 3,814 4,298
Communication 1,268 1,470 4,301 4,501
Excise and Sales Taxes 929 933 2,785 2,855
Loan put provision 0 (154) 0 3,209
Other Real Estate Owned Expense 687 661 2,168 2,489
Other expense 2,181 4,134 10,060 10,549
Total other expense 44,715 45,683 137,383 139,957
Income (loss) before income taxes 25,143 13,757 79,741 83,443
Income taxes 6,114 1,775 19,968 21,100
Net income 19,029 11,982 59,773 62,343
Preferred stock dividends and accretion 0 0 0 3,425
Net income available to common shareholders $ 19,029 $ 11,982 $ 59,773 $ 58,918
Net income available to common shareholders        
Basic $ 1.23 $ 0.78 $ 3.88 $ 3.82
Diluted $ 1.23 $ 0.78 $ 3.88 $ 3.82
Weighted average common shares outstanding        
Basic 15,411,972 15,405,894 15,411,981 15,405,902
Diluted 15,411,972 15,405,894 15,411,981 15,409,186
Cash dividends declared $ 0.94 $ 0.94 $ 2.82 $ 2.82