XML 88 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, 2012
Dec. 31, 2011
Dec. 31, 2010
Interest Income      
Loans $ 219,433 $ 218,420 $ 157,292
Taxable securities 18,276 21,870 18,276
Tax-exempt securities 9,941 10,142 9,348
Federal funds sold and deposits in banks 854 839 963
Total interest income 248,504 251,271 185,879
Interest Expense      
Deposits 5,887 10,478 16,733
Federal Home Loan Bank and Federal Reserve Bank borrowings 2,608 2,980 2,841
Prepayment charge on Federal Home Loan Bank advances 603 0 0
Long-term obligations 0 579 1,029
Other borrowings 479 498 489
Total interest expense 9,577 14,535 21,092
Net Interest Income 238,927 236,736 164,787
Provision (recapture) for loan and lease losses 39,367 5,752 47,346
Net interest income after provision (recapture) for loan and lease losses 199,560 230,984 117,441
Noninterest Income (Loss)      
Service charges and other fees 29,998 26,632 24,698
Gain on bank acquisitions, net of tax 0 1,830 9,818
Merchant services fees 8,154 7,385 7,502
Gain on sale of investment securities, net 3,733 (2,816) 58
Bank owned life insurance 2,861 2,188 2,041
Change in FDIC loss sharing asset (24,467) (49,496) 4,908
Other 6,779 4,994 3,756
Total noninterest income (loss) 27,058 (9,283) 52,781
Noninterest Expense      
Compensation and employee benefits 85,434 81,552 69,780
Occupancy 20,031 18,963 16,814
Merchant processing 3,612 3,698 4,364
Advertising and promotion 3,650 3,686 3,081
Data processing 9,714 8,484 8,769
Legal and professional fees 8,915 6,486 5,684
Taxes, licenses and fees 4,736 4,446 2,858
Regulatory premiums 3,384 4,337 6,485
Net cost (benefit) of operation of other real estate owned (1,969) (1,022) 787
Amortization of intangibles 4,445 4,319 3,922
FDIC clawback liability (54) 3,656 0
Other 21,015 17,154 14,603
Total noninterest expense 162,913 155,759 137,147
Income (loss) before income taxes 63,705 65,942 33,075
Provision (benefit) for income taxes 17,562 17,905 2,291
Net Income (Loss) 46,143 48,037 30,784
Net Income (Loss) Applicable to Common Shareholders 46,143 48,037 25,837
Per Common Share      
Earnings (loss) basic (dollars per share) $ 1.16 [1] $ 1.22 [1] $ 0.73
Earnings (loss) diluted (dollars per share) $ 1.16 [1] $ 1.21 [1] $ 0.72
Dividends paid per common share ($ per share) $ 0.98 $ 0.27 $ 0.04
Weighted average number of common shares outstanding 39,260 39,103 35,209
Weighted average number of diluted common shares outstanding 39,263 39,180 35,392
Noncovered Loans [Member]
     
Interest Expense      
Provision (recapture) for loan and lease losses 13,475 7,400 41,291
Covered Loans [Member]
     
Interest Expense      
Provision (recapture) for loan and lease losses $ 25,892 $ (1,648) $ 6,055
[1] Due to averaging of shares, quarterly earnings per share may not add up to the totals reported for the full year.