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 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Loans and leases        
Loans and Leases, total $ 408,998 $ 415,322 $ 1,221,322 $ 1,256,229
Available-for-sale and other securities        
Taxable 35,280 45,937 114,004 143,005
Tax-exempt 2,677 2,224 8,052 6,547
Held-to-maturity securities - taxable 12,219 5,592 31,835 14,844
Other 3,738 14,712 15,600 30,643
Total interest income 462,912 483,787 1,390,813 1,451,268
Interest expense        
Deposits 27,655 40,880 89,281 126,450
Short-term borrowings 158 544 571 1,685
Federal Home Loan Bank advances 197 135 771 690
Subordinated notes and other long-term debt 10,050 11,930 26,231 45,974
Total interest expense 38,060 53,489 116,854 174,799
Net interest income 424,852 430,298 1,273,959 1,276,469
Provision for credit losses 11,400 37,004 65,714 107,930
Net interest income after provision for credit losses 413,452 393,294 1,208,245 1,168,539
Service charges on deposit accounts 72,918 67,806 201,810 194,096
Mortgage banking income 23,621 44,614 102,528 129,381
Trust services income 30,470 29,689 92,296 90,509
Electronic banking income 24,282 22,135 68,340 61,279
Brokerage income 16,532 16,526 54,073 54,811
Insurance income 17,269 17,792 53,708 54,051
Gain (Loss) on sale of loans 5,063 6,591 11,027 37,492
Bank owned life insurance income 13,740 14,371 42,603 42,275
Capital markets income 12,825 11,805 32,888 35,242
Net gains on sales of securities 184 4,285 981 5,512
Impairment losses recognized in earnings on available-for-sale securities (86) (116) (1,802) (1,606)
Other income 33,685 25,569 92,915 97,164
Total noninterest income 250,503 261,067 751,367 800,206
Personnel costs 229,326 247,709 752,083 734,241
Outside data processing and other services 49,313 49,880 148,476 140,087
Net occupancy 35,591 27,599 93,361 82,152
Equipment 28,191 25,950 78,018 76,367
Deposit and other insurance expense 11,155 15,534 40,105 52,003
Professional services 12,487 18,024 29,020 44,712
Marketing 12,271 20,178 37,481 58,319
Amortization of intangibles 10,362 11,431 31,044 34,902
OREO and foreclosure expense 2,053 4,982 4,448 14,038
Gains on early extinguishment of debt     0 (798)
Other expense 32,587 35,234 97,958 129,225
Total noninterest expense 423,336 458,303 1,311,994 1,365,248
Income before income taxes 240,619 196,058 647,618 603,497
Provision for income taxes 62,132 28,291 166,700 129,754
Net income 178,487 167,767 480,918 473,743
Dividends on preferred shares 7,967 7,983 23,904 24,016
Net income applicable to common shares 170,520 159,784 457,014 449,727
Average common shares - basic 830,398 857,871 835,410 861,543
Average common shares - diluted 841,025 863,588 844,524 866,768
Per common share:        
Net income - basic $ 0.21 $ 0.19 $ 0.55 $ 0.52
Net income - diluted $ 0.20 $ 0.19 $ 0.54 $ 0.52
Cash dividends declared, prior period $ 0.05 $ 0.04 $ 0.14 $ 0.12
Impairment losses on available-for-sale securities:        
Total OTTI losses 92 253 1,808 1,822
Noncredit-related portion of loss recognized in other comprehensive income $ 6 $ 137 $ 6 $ 216