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Consolidated Statements Of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Interest Income        
Loans, including fees $ 105,142 $ 102,391 $ 208,681 $ 208,038
Federal funds sold and other short-term investments 133 399 265 735
Securities:        
Taxable 14,854 15,568 30,234 30,958
Exempt from Federal income taxes 1,336 1,387 2,636 2,873
Total interest income 121,465 119,745 241,816 242,604
Interest Expense        
Interest-bearing demand deposits 799 587 1,435 1,229
Savings deposits and money market accounts 4,265 6,082 8,867 12,744
Brokered and time deposits 5,394 6,528 10,411 13,220
Short-term borrowings 123 566 265 1,393
Long-term debt 5,538 5,479 11,116 10,962
Total interest expense 16,119 19,242 32,094 39,548
Net interest income 105,346 100,503 209,722 203,056
Provision for loan and covered loan losses 17,038 31,093 44,739 68,671
Net interest income after provision for loan and covered loan losses 88,308 69,410 164,983 134,385
Non-interest Income        
Trust and Investments 4,312 4,720 8,531 9,382
Mortgage banking 2,915 704 5,578 2,106
Capital markets products 6,033 3,871 13,382 8,360
Treasury management 5,260 4,453 10,414 8,778
Loan and credit-related fees 6,372 5,290 12,899 11,188
Deposit service charges and fees and other income 1,644 1,884 3,131 4,368
Net securities (losses) gains (290) [1] 670 (185) 1,037
Total non-interest income 26,246 21,592 53,750 45,219
Non-interest Expense        
Salaries and employee benefits 42,177 38,636 84,875 77,193
Net occupancy expense 7,653 7,545 15,332 15,077
Technology and related costs 3,273 2,729 6,569 5,390
Marketing 3,058 2,500 5,218 4,443
Professional services 2,247 2,312 4,204 4,646
Outsourced servicing costs 2,093 1,852 3,803 4,006
Net foreclosed property expenses 11,894 7,485 20,129 13,791
Postage, telephone, and delivery 882 931 1,751 1,819
Insurance 4,239 5,092 8,544 12,432
Loan and collection expense 2,918 4,247 6,075 6,800
Other expenses 3,424 2,335 7,587 5,416
Total non-interest expense 83,858 75,664 164,087 151,013
Income before income taxes 30,696 15,338 54,646 28,591
Income tax provision 13,192 6,320 22,887 8,599
Net income 17,504 9,018 31,759 19,992
Net income attributable to noncontrolling interests   58 [2]   130 [2]
Net income attributable to controlling interests 17,504 8,960 31,759 19,862
Preferred stock dividends and discount accretion 3,442 3,419 6,878 6,834
Net income available to common stockholders $ 14,062 $ 5,541 $ 24,881 $ 13,028
Per Common Share Data        
Basic earnings per share $ 0.19 $ 0.08 $ 0.35 $ 0.18
Diluted earnings per share $ 0.19 $ 0.08 $ 0.34 $ 0.18
Cash dividends declared $ 0.01 $ 0.01 $ 0.02 $ 0.02
Weighted-average common shares outstanding 70,956 70,428 70,868 70,388
Weighted-average diluted common shares outstanding 71,147 70,663 71,041 70,602
[1] Primarily relates to activity with our CRA investments and includes the amortization of tax credit investments under the effective yield method and adjustments for our portion of the of the investees' carrying value.
[2] During the third quarter 2011, the Company acquired all the noncontrolling interests of our Lodestar subsidiary.