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Consolidated Statements of Income (USD $)
In Thousands, except 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 $ 67,413 $ 74,574 $ 135,736 $ 149,254
Investment securities:        
Taxable 23,228 29,208 47,740 59,463
Tax-exempt 2,849 2,386 5,710 4,514
Other interest income 193 1,676 279 1,751
Total interest income 93,683 107,844 189,465 214,982
Interest expense:        
Savings deposits 1,479 2,232 3,102 4,494
Time deposits 6,255 8,145 12,740 16,915
Securities sold under repurchase agreements 10,267 10,613 20,569 21,199
Other borrowings 138 445 346 1,095
Junior subordinated interest deferrable debentures 1,901 2,998 3,948 6,035
Total interest expense 20,040 24,433 40,705 49,738
Net interest income 73,643 83,411 148,760 165,244
Provision (credit) for probable loan losses 6,107 (1,917) 11,392 2,163
Net interest income after provision (credit) for probable loan losses 67,536 85,328 137,368 163,081
Non-interest income:        
Service charges on deposit accounts 23,100 23,918 45,853 48,700
Other service charges, commissions and fees        
Banking 9,424 14,412 19,488 27,438
Non-banking 1,682 1,177 2,933 2,669
Gain on investment securities transactions, net 1,420 1,445 2,592 2,861
Other investments, net 2,647 4,220 7,781 9,576
Other income 2,546 2,692 5,349 4,986
Total non-interest income 40,819 47,864 83,996 96,230
Non-interest expense:        
Employee compensation and benefits 30,210 32,620 59,611 64,655
Occupancy 8,107 9,015 16,841 17,616
Depreciation of bank premises and equipment 6,790 7,931 13,717 16,258
Professional fees 4,171 3,689 7,541 7,575
Deposit insurance assessments 1,490 2,592 3,057 5,049
Net expense, other real estate owned 1,385 8,150 2,566 9,264
Amortization of identified intangible assets 1,163 1,323 2,300 2,626
Advertising 1,970 1,840 3,797 3,627
Impairment charges (Total other-than-temporary impairment losses, $(301), net of $(523), $(254), net of $(420), $1,349, net of $941, and $1,055, net of $640, included in other comprehensive income) 222 166 408 415
Other 16,583 16,616 30,396 32,322
Total non-interest expense 72,091 83,942 140,234 159,407
Income before income taxes 36,264 49,250 81,130 99,904
Provision for income taxes 11,714 16,626 24,893 33,759
Net income 24,550 32,624 56,237 66,145
Preferred stock dividends 3,355 3,315 6,698 6,620
Net income available to common shareholders $ 21,195 $ 29,309 $ 49,539 $ 59,525
Basic earnings per common share:        
Weighted average number of shares outstanding: (in shares) 67,244,005 67,628,223 67,257,456 67,664,567
Net income (in dollars per share) $ 0.32 $ 0.43 $ 0.74 $ 0.88
Fully diluted earnings per common share:        
Weighted average number of shares outstanding: (in shares) 67,323,912 67,689,784 67,339,550 67,734,494
Net income (in dollars per share) $ 0.31 $ 0.43 $ 0.74 $ 0.88