XML 44 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements Of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Interest Income      
Interest and fees on loans $ 197,456 $ 225,062 $ 232,030
Interest and dividends on investments:      
Taxable interest 33,763 37,915 50,591
Interest exempt from federal income taxes 213 5,216 10,445
Dividends 49 73 208
Interest on bank deposits 64 94 7
Total interest income 231,545 268,360 293,281
Interest Expense      
Interest on deposits 33,496 49,845 69,802
Interest on short-term borrowings 728 1,948 4,216
Interest on subordinated debentures 5,568 5,593 6,170
Interest on other long-term debt 1,886 4,213 6,583
Total interest on long-term debt 7,454 9,806 12,753
Total interest expense 41,678 61,599 86,771
Net Interest Income 189,867 206,761 206,510
Provision for credit losses 55,816 61,552 100,569
Net Interest Income after Provision for Credit Losses 134,051 145,209 105,941
Noninterest Income      
Change in fair value on impaired securities (425) (2,560) (72,574)
Noncredit related gains (losses) on securities not expected to be sold (recognized in other comprehensive income) 425 (6,633) 36,389
Net impairment losses 0 (9,193) (36,185)
Net securities gains 2,185 2,422 273
Trust income 6,498 5,897 4,805
Service charges on deposit accounts 14,775 16,968 17,440
Insurance and retail brokerage commissions 6,376 6,369 7,259
Income from bank owned life insurance 5,596 5,331 4,442
Income from other real estate owned 2,460 0 0
Gain on sale of assets 4,155 824 793
Card related interchange income 11,968 10,459 8,559
Derivatives mark to market (6,687) 141 (661)
Other income 10,343 10,016 12,600
Total noninterest income 57,669 49,234 19,325
Noninterest Expense      
Salaries and employee benefits 84,669 84,988 86,059
Net occupancy expense 14,069 14,271 14,053
Furniture and equipment expense 12,517 12,568 12,085
Data processing expense 6,027 5,671 4,687
Pennsylvania shares tax expense 5,480 5,455 5,314
Intangible amortization 1,534 2,031 2,826
Collection and repossession expense 7,583 4,430 5,010
Other professional fees and services 5,297 4,131 3,429
FDIC insurance 5,490 7,948 10,471
Loss on sale or write-down of assets 9,428 2,715 302
Loan processing fees 2,874 1,490 2,120
Other operating expenses 21,858 25,528 24,795
Total noninterest expense 176,826 171,226 171,151
Income (Loss) before income taxes 14,894 23,217 (45,885)
Income tax (benefit) provision (380) 239 (25,821)
Net Income (Loss) $ 15,274 $ 22,978 $ (20,064)
Average Shares Outstanding 104,700,227 93,197,225 84,589,780
Average Shares Outstanding Assuming Dilution 104,700,393 93,199,773 84,589,780
Per Share Data:      
Basic Earnings (Loss) Per Share $ 0.15 $ 0.25 $ (0.24)
Diluted Earnings (Loss) Per Share $ 0.15 $ 0.25 $ (0.24)
Cash Dividends Declared per Common Share $ 0.12 $ 0.06 $ 0.18