XML 98 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Interest income:      
Interest and fees on loans and leases $ 104,479 $ 97,029 $ 107,089
Interest and dividends on investment securities:      
Taxable interest 31,498 28,803 27,559
Tax-exempt interest 4,051 2,312 738
Dividends 23 16 12
Interest on deposits in other banks 203 285 1,052
Dividends on Federal Home Loan Bank stock 24    
Total interest income 140,278 128,445 136,450
Interest on deposits:      
Demand 349 339 500
Savings and money market 894 1,006 2,044
Time 2,801 3,688 7,066
Interest on short-term borrowings 6    204
Interest on long-term debt 3,119 3,701 8,815
Total interest expense 7,169 8,734 18,629
Net interest income 133,109 119,711 117,821
Provision (credit) for loan and lease losses (11,310) (18,885) (40,690)
Net interest income after provision for loan and lease losses 144,419 138,596 158,511
Other operating income:      
Other service charges and fees 18,547 17,569 17,239
Net gain on sales of residential loans 9,986 17,095 8,050
Net gain on sales of foreclosed assets 8,584 4,999 6,821
Service charges on deposit accounts 7,041 8,367 10,024
Income from fiduciary activities 2,855 2,599 2,794
Income from bank-owned life insurance 2,333 2,899 4,139
Equity in earnings of unconsolidated subsidiaries 790 574 458
Loan placement fees 570 690 541
Fees on foreign exchange 508 551 664
Investment securities gains 482 789 1,306
Other 3,249 4,611 4,966
Total other operating income 54,945 60,743 57,002
Other operating expense:      
Salaries and employee benefits 76,294 69,344 63,675
Net occupancy 14,323 13,920 13,793
Legal and professional services 8,094 13,824 13,506
Amortization and impairment of other intangible assets 7,418 10,179 7,033
Computer software expense 4,579 3,961 3,629
Equipment 3,676 3,966 4,702
Communication expense 3,523 3,428 3,517
Advertising expense 2,666 3,516 2,961
Foreclosed asset expense 1,036 6,887 11,378
Write down of assets   2,586 4,624
Loss on early extinguishment of debt     6,234
Other 17,927 20,307 43,890
Total other operating expense 139,536 151,918 178,942
Income before income taxes 59,828 47,421 36,571
Income tax benefit (112,247)    
Net income 172,075 47,421 36,571
Preferred stock dividends, accretion of discount and conversion of preferred stock to common stock     (83,897)
Net income available to common shareholders $ 172,075 $ 47,421 $ 120,468
Per common share data:      
Basic earnings per share (in dollars per share) $ 4.10 $ 1.14 $ 3.36
Diluted earnings per share (in dollars per share) $ 4.07 $ 1.13 $ 3.31
Cash dividends declared (in dollars per share) $ 0.16