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Consolidated Statements Of Income (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Interest income        
Loans and leases $ 233,731 $ 202,541 $ 465,184 $ 389,615
Investment securities:        
U. S. Treasury 2,259 6,927 5,469 14,346
Government agency 4,863 3,323 9,910 5,255
Residential mortgage backed securities 2,104 1,873 4,757 3,437
Corporate bonds 2,119 2,198 4,295 4,333
State, county and municipal 12 15 25 48
Other 200 12 459 82
Total investment securities interest and dividend income 11,557 14,348 24,915 27,501
Overnight investments 316 546 705 1,019
Total interest income 245,604 217,435 490,804 418,135
Interest expense        
Deposits 27,081 41,091 56,901 79,207
Short-term borrowings 1,482 640 3,179 1,396
Long-term obligations 9,666 10,842 19,362 21,634
Total interest expense 38,229 52,573 79,442 102,237
Net interest income 207,375 164,862 411,362 315,898
Provision for loan and lease losses 53,977 31,826 98,396 48,756
Net interest income after provision for loan and lease losses 153,398 133,036 312,966 267,142
Noninterest income        
Gain on acquisitions 0 0 64,984 136,000
Cardholder and merchant services 30,543 28,505 57,323 52,294
Service charges on deposit accounts 15,778 19,513 31,568 38,340
Wealth management services 14,119 14,222 27,407 25,956
Fees from processing services 7,595 7,226 14,841 14,449
Securities gains (losses) (96) (186) (545) 945
Other service charges and fees 5,960 5,110 11,917 9,758
Mortgage income 2,530 1,924 4,845 3,334
Insurance commissions 2,280 1,794 4,814 4,600
ATM income 1,370 1,699 2,960 3,354
Adjustments for FDIC receivable for loss share agreements (13,747) 12,940 (24,126) 15,527
Other 317 (125) 1,751 14
Total noninterest income 66,649 92,622 197,739 304,571
Noninterest expense        
Salaries and wages 76,124 74,475 151,928 146,635
Employee benefits 18,708 15,839 38,357 34,150
Occupancy expense 18,487 18,517 36,800 36,353
Equipment expense 17,515 16,604 34,906 32,419
FDIC insurance expense 2,501 6,609 10,726 11,496
Foreclosure-related expenses 3,747 4,014 9,235 8,075
Other 50,400 45,718 95,558 85,598
Total noninterest expense 187,482 181,776 377,510 354,726
Income before income taxes 32,565 43,882 133,195 216,987
Income taxes 11,265 15,280 49,216 81,774
Net income $ 21,300 $ 28,602 $ 83,979 $ 135,213
Average shares outstanding 10,422,857 10,434,453 10,428,623 10,434,453
Net income per share $ 2.04 $ 2.74 $ 8.05 $ 12.96