Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Income

v2.4.0.6
Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Loans and leases      
Loans and Leases, total $ 1,727,784 $ 1,865,848 $ 1,944,269
Available-for-sale and other securities      
Taxable 207,984 239,065 249,968
Tax-exempt 9,785 11,680 8,824
Held-to-maturity securities      
Taxable 11,213 0 0
Other 13,460 28,799 35,081
Total interest income 1,970,226 2,145,392 2,238,142
Interest expense      
Deposits 260,052 439,050 674,101
Short-term borrowings 3,500 3,007 2,366
Federal Home Loan Bank advances 824 3,121 12,882
Subordinated notes and other long-term debt 76,680 81,409 124,506
Total interest expense 341,056 526,587 813,855
Net interest income 1,629,170 1,618,805 1,424,287
Provision for credit losses 174,059 634,547 2,074,671
Net interest income after provision for credit losses 1,455,111 984,258 (650,384)
Service charges on deposit accounts 243,507 267,015 302,799
Trust services income 119,382 112,555 103,639
Electronic banking income 111,697 110,234 100,151
Mortgage banking income 83,408 175,782 112,298
Brokerage income 80,367 68,855 64,843
Insurance income 69,470 76,413 73,326
Bank owned life insurance income 62,336 61,066 54,872
Capital markets income 36,540 23,886 10,851
Gain (Loss) on sales of loans 31,944 6,275 (7,576)
Automobile operating lease income 26,771 45,964 51,810
Net gains on sales of investment securities 3,682 13,448 48,815
Impairment losses on investment securities:      
Impairment losses on investment securities 4,174 9,847 (183,472)
Noncredit-related losses on securities not expected to be sold (recognized in other comprehensive income) (11,537) (23,569) 124,408
Net impairment losses on investment securities (7,363) (13,722) (59,064)
Other income 118,882 94,087 148,880
Total noninterest income 980,623 1,041,858 1,005,644
Personnel costs 892,534 798,973 700,482
Outside data processing and other services 187,195 159,248 148,095
Net occupancy 109,129 107,862 105,273
Equipment 92,544 85,920 83,117
Deposit and other insurance expense 77,692 97,548 113,830
Marketing 75,627 65,924 33,049
Professional services 70,595 88,778 76,366
Amortization of intangibles 53,318 60,478 68,307
Automobile operating lease expense 20,018 37,034 43,360
OREO and foreclosure expense 18,006 39,049 93,899
Goodwill impairment 0 0 2,606,944
Gains on early extinguishment of debt (9,697) 0 (147,442)
Other expense 141,539 132,991 108,163
Total noninterest expense 1,728,500 1,673,805 4,033,443
Income before income taxes 707,234 352,311 (3,678,183)
Provision for income taxes 164,621 39,964 (584,004)
Net income 542,613 312,347 (3,094,179)
Dividends on preferred shares 30,813 172,032 174,756
Net income applicable to common shares $ 511,800 $ 140,315 $ (3,268,935)
Average common shares - basic 863,691 726,934 532,802
Average common shares - diluted 867,624 729,532 532,802
Per common share:      
Net income - basic $ 0.59 $ 0.19 $ (6.14)
Net income - diluted $ 0.59 $ 0.19 $ (6.14)
Cash dividends declared, prior period $ 0.10 $ 0.04 $ 0.04