Annual report pursuant to Section 13 and 15(d)

Quarterly Results of Operations (Unaudited)

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Quarterly Results of Operations (Unaudited)
 12 Months Ended
Dec. 31, 2011
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information [Text Block]

26. Quarterly Results of Operations (Unaudited)

 

       The following is a summary of the unaudited quarterly results of operations, for the years ended December 31, 2011 and 2010:

    2011
(dollar amounts in thousands, except per share data)   Fourth     Third     Second     First
                       
Interest income $ 485,216   $ 490,996   $ 492,137   $ 501,877
Interest expense   70,191     84,518     88,800     97,547
Net interest income   415,025     406,478     403,337     404,330
Provision for credit losses   45,291     43,586     35,797     49,385
Noninterest income   229,352     258,559     255,767     236,945
Noninterest expense   430,274     439,118     428,409     430,699
Income before income taxes   168,812     182,333     194,898     161,191
Provision for income taxes   41,954     38,942     48,980     34,745
Net income   126,858     143,391     145,918     126,446
Dividends on preferred shares   7,703     7,703     7,704     7,703
Net income applicable to common shares $ 119,155   $ 135,688   $ 138,214   $ 118,743
                       
Net income per common share -- Basic $ 0.14   $ 0.16   $ 0.16   $ 0.14
Net income per common share -- Diluted   0.14     0.16     0.16     0.14
                       
                       
    2010
(dollar amounts in thousands, except per share data)   Fourth     Third     Second     First
                       
Interest income $ 528,291   $ 534,669   $ 535,653   $ 546,779
Interest expense   112,997     124,707     135,997     152,886
Net interest income   415,294     409,962     399,656     393,893
Provision for credit losses   86,973     119,160     193,406     235,008
Noninterest income   264,220     267,143     269,643     240,852
Noninterest expense   434,593     427,309     413,810     398,093
Loss before income taxes   157,948     130,636     62,083     1,644
Provision (benefit) for income taxes   35,048     29,690     13,319     (38,093)
Net income   122,900     100,946     48,764     39,737
Dividends declared on preferred shares   83,754     29,495     29,426     29,357
Net income applicable to common shares $ 39,146   $ 71,451   $ 19,338   $ 10,380
                       
Net income per common share -- Basic $ 0.05   $ 0.10   $ 0.03   $ 0.01
Net income per common share -- Diluted   0.05     0.10     0.03     0.01