XML 39 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements Of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2010
Dec. 31, 2009
Dec. 31, 2008
Interest and dividend income:      
Interest and fees on loans $ 267,692 $ 275,599 $ 301,163
Interest and dividends on:      
Obligations of U.S. Government, its agencies and other securities 76,839 90,558 87,711
Obligations of states and political subdivisions 786 1,417 2,171
Other interest income 200 116 294
Total interest and dividend income 345,517 367,690 391,339
Interest on deposits:      
Demand and savings deposits 5,753 10,815 22,633
Time deposits 36,212 53,805 67,259
Interest on short-term borrowings 1,181 3,209 14,469
Interest on long-term debt 28,327 26,370 31,105
Total interest expense 71,473 94,199 135,466
Net interest income 274,044 273,491 255,873
Provision for loan losses 87,080 68,821 70,487
Net interest income after provision for loan losses 186,964 204,670 185,386
Other income:      
Income from fiduciary activities 13,874 12,468 13,937
Service charges on deposit accounts 19,717 21,985 24,296
Net gains on sales of securities 11,864 7,340 1,115
Other service income 13,816 18,767 8,882
Checkcard fee income 11,177 9,339 8,695
Bank owned life insurance income 4,978 5,050 5,102
ATM fees 2,951 3,082 3,063
OREO devaluations (13,206) (6,818) (2,948)
Net gain on sale of credit card portfolio     7,618
Income from sale of merchant processing     4,200
Other 9,709 9,977 10,874
Total other income 74,880 81,190 84,834
Other expense:      
Salaries and employee benefits 98,315 101,225 99,018
Goodwill impairment charge     54,986
Data processing fees 5,728 5,674 7,121
Professional fees and services 19,972 15,935 12,801
Net occupancy expense of bank premises 11,510 11,552 11,534
Amortization of intangibles 3,422 3,746 4,025
Furniture and equipment expense 10,435 9,734 9,756
Insurance 8,983 12,072 2,322
Marketing 3,656 3,775 4,525
Postage and telephone 6,648 6,903 7,167
State taxes 3,171 3,206 2,989
Other 15,267 14,903 18,257
Total other expense 187,107 188,725 234,501
Income before income taxes 74,737 97,135 35,719
Income taxes 16,636 22,943 22,011
Net income 58,101 74,192 13,708
Preferred stock dividends and accretion 5,807 5,762 142
Income available to common shareholders $ 52,294 $ 68,430 $ 13,566
Earnings per common share:      
Basic $ 3.45 $ 4.82 $ 0.97
Diluted $ 3.45 $ 4.82 $ 0.97