Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Income

v2.4.0.8
Condensed Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Loans and leases        
Loans and Leases, total $ 405,445 $ 428,859 $ 812,324 $ 840,907
Available-for-sale and other securities        
Taxable 38,539 48,244 78,724 97,068
Tax-exempt 2,760 2,124 5,375 4,323
Held-to-maturity securities - taxable 9,778 4,538 19,616 9,252
Other 6,060 3,779 11,862 15,931
Total interest income 462,582 487,544 927,901 967,481
Interest expense        
Deposits 29,591 41,790 61,626 85,570
Short-term borrowings 179 558 413 1,141
Federal Home Loan Bank advances 273 333 574 555
Subordinated notes and other long-term debt 7,602 15,901 16,181 34,044
Total interest expense 37,645 58,582 78,794 121,310
Net interest income 424,937 428,962 849,107 846,171
Provision for credit losses 24,722 36,520 54,314 70,926
Net interest income after provision for credit losses 400,215 392,442 794,793 775,245
Service charges on deposit accounts 68,009 65,998 128,892 126,290
Mortgage banking income 33,659 38,349 78,907 84,767
Trust services income 30,666 29,914 61,826 60,820
Electronic banking income 23,345 20,514 44,058 39,144
Brokerage income 19,546 19,025 37,541 38,285
Insurance income 17,187 17,384 36,439 36,259
Gain (Loss) on sale of loans 3,348 4,131 5,964 30,901
Bank owned life insurance income 15,421 13,967 28,863 27,904
Capital markets income 12,229 13,260 20,063 23,056
Net gains on sales of securities 610 603 797 1,227
Impairment losses recognized in earnings on available-for-sale securities (1,020) (253) (1,716) (1,490)
Other income 25,655 30,927 59,230 71,976
Total noninterest income 248,655 253,819 500,864 539,139
Personnel costs 263,862 243,034 522,757 486,532
Outside data processing and other services 49,898 48,568 99,163 91,160
Net occupancy 27,656 25,474 57,770 54,553
Equipment 24,947 24,872 49,827 50,417
Deposit and other insurance expense 13,460 15,731 28,950 36,469
Professional services 9,341 15,037 16,533 25,734
Marketing 14,239 17,396 25,210 30,965
Amortization of intangibles 10,362 11,940 20,682 23,471
OREO and foreclosure expense (271) 4,106 2,395 9,056
Gains on early extinguishment of debt     0 (2,580)
Other expense 32,371 40,691 65,371 101,168
Total noninterest expense 445,865 444,269 888,658 906,945
Income before income taxes 203,005 201,992 406,999 407,439
Provision for income taxes 52,354 49,286 104,568 101,463
Net income 150,651 152,706 302,431 305,976
Dividends on preferred shares 7,967 7,984 15,937 16,033
Net income applicable to common shares 142,684 144,722 286,494 289,943
Average common shares - basic 834,730 862,261 837,917 863,380
Average common shares - diluted 843,840 867,551 846,274 868,357
Per common share:        
Net income - basic $ 0.17 $ 0.17 $ 0.34 $ 0.34
Net income - diluted $ 0.17 $ 0.17 $ 0.34 $ 0.33
Cash dividends declared, prior period $ 0.05 $ 0.04 $ 0.09 $ 0.08
Impairment losses on available-for-sale securities:        
Total OTTI losses 1,020 2,245 1,716 1,721
Noncredit-related portion of loss recognized in other comprehensive income $ 0 $ 1,992 $ 0 $ 231