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Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Interest income:        
Loans, including fees $ 67,254 $ 72,461 $ 202,990 $ 221,715
Investment securities:        
Taxable 23,388 28,427 71,128 87,890
Tax-exempt 2,972 2,694 8,682 7,208
Other interest income 161 41 440 1,792
Total interest income 93,775 103,623 283,240 318,605
Interest expense:        
Savings deposits 1,074 1,732 4,176 6,226
Time deposits 5,910 7,636 18,650 24,551
Securities sold under repurchase agreements 8,811 10,608 29,380 31,807
Other borrowings 195 332 541 1,427
Junior subordinated interest deferrable debentures 1,430 2,771 5,378 8,806
Total interest expense 17,420 23,079 58,125 72,817
Net interest income 76,355 80,544 225,115 245,788
Provision for probable loan losses 5,349 5,670 16,741 7,833
Net interest income after provision for probable loan losses 71,006 74,874 208,374 237,955
Non-interest income:        
Service charges on deposit accounts 23,748 24,205 69,601 72,905
Other service charges, commissions and fees        
Banking 9,492 13,749 28,980 41,187
Non-banking 2,038 1,677 4,971 4,346
Gain on investment securities transactions, net 32,935 6,587 35,527 9,448
Other investments, net 3,650 2,749 11,431 12,325
Other income 2,144 2,244 7,493 7,230
Total non-interest income 74,007 51,211 158,003 147,441
Non-interest expense:        
Employee compensation and benefits 30,541 32,034 90,152 96,689
Occupancy 8,032 10,640 24,873 28,256
Depreciation of bank premises and equipment 6,618 8,491 20,335 24,749
Professional fees 4,279 3,698 11,820 11,273
Deposit insurance assessments 2,289 2,472 5,346 7,521
Net expense, other real estate owned 3,065 1,954 5,631 11,218
Amortization of identified intangible assets 1,163 1,324 3,463 3,950
Advertising 1,713 1,794 5,510 5,421
Early termination fee - securities sold under repurchase agreements 31,550   31,550  
Impairment charges (Total other-than-temporary impairment losses, $(402), net of $(641), $152, net of $(134), $947, net of $300, and $1,206, net of $505, included in other comprehensive income) 239 286 647 701
Other 16,955 17,597 47,351 49,919
Total non-interest expense 106,444 80,290 246,678 239,697
Income before income taxes 38,569 45,795 119,699 145,699
Provision for income taxes 12,691 15,164 37,584 48,923
Net income 25,878 30,631 82,115 96,776
Preferred stock dividends 3,845 3,324 10,543 9,944
Net income available to common shareholders $ 22,033 $ 27,307 $ 71,572 $ 86,832
Basic earnings per common share:        
Weighted average number of shares outstanding: (in shares) 67,225,701 67,423,857 67,246,793 67,583,449
Net income (in dollars per share) $ 0.33 $ 0.41 $ 1.06 $ 1.28
Fully diluted earnings per common share:        
Weighted average number of shares outstanding: (in shares) 67,301,701 67,469,889 67,326,856 67,645,411
Net income (in dollars per share) $ 0.33 $ 0.40 $ 1.06 $ 1.28