Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income

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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Loans and leases        
Loans and Leases, total $ 421,152 $ 405,445 $ 823,674 $ 812,324
Available-for-sale and other securities        
Taxable 42,028 38,539 80,484 78,724
Tax-exempt 6,391 2,760 11,862 5,375
Held-to-maturity securities - taxable 22,614 9,778 45,934 19,616
Other 3,137 6,060 5,823 11,862
Total interest income 495,322 462,582 967,777 927,901
Interest expense        
Deposits 21,846 29,591 45,784 61,626
Short-term borrowings 270 179 420 413
Federal Home Loan Bank advances 622 273 1,075 574
Subordinated notes and other long-term debt 12,536 7,602 22,944 16,181
Total interest expense 35,274 37,645 70,223 78,794
Net interest income 460,048 424,937 897,554 849,107
Provision for credit losses 29,385 24,722 54,015 54,314
Net interest income after provision for credit losses 430,663 400,215 843,539 794,793
Service charges on deposit accounts 72,633 68,009 137,215 128,892
Mortgage banking income 22,717 33,659 45,807 78,907
Trust services income 29,581 30,666 59,146 61,826
Electronic banking income 26,491 23,345 50,133 44,058
Brokerage income 17,831 19,546 34,903 37,541
Insurance income 15,996 17,187 32,492 36,439
Gain (Loss) on sale of loans 3,914 3,348 7,484 5,964
Bank owned life insurance income 13,865 15,421 27,172 28,863
Capital markets income 10,500 12,229 19,694 20,063
Net gains on sales of securities 490 610 17,460 797
Impairment losses recognized in earnings on available-for-sale securities 0 (1,020) 0 (1,716)
Other income 36,049 28,919 67,046 66,903
Total noninterest income 250,067 251,919 498,552 508,537
Personnel costs 260,600 263,862 510,077 522,757
Outside data processing and other services 54,338 49,898 105,828 99,163
Net occupancy 28,673 27,656 62,106 57,770
Equipment 28,749 24,947 57,499 49,827
Deposit and other insurance expense 10,599 13,460 24,317 28,950
Professional services 17,896 9,341 30,127 16,533
Marketing 14,832 14,239 25,518 25,210
Amortization of intangibles 9,520 10,362 18,811 20,682
OREO and foreclosure expense 0 0 0 0
Gains on early extinguishment of debt 0 0 0 0
Other expense 33,429 32,100 84,474 67,766
Total noninterest expense 458,636 445,865 918,757 888,658
Income before income taxes 222,094 206,269 423,334 414,672
Provision for income taxes 57,475 55,269 109,572 110,398
Net income 164,619 151,000 313,762 304,274
Dividends on preferred shares 7,963 7,967 15,927 15,937
Net income applicable to common shares 156,656 143,033 297,835 288,337
Average common shares - basic 821,546 834,730 825,603 837,917
Average common shares - diluted 834,687 843,840 838,546 846,274
Per common share:        
Net income - basic $ 0.19 $ 0.17 $ 0.36 $ 0.34
Net income - diluted $ 0.19 $ 0.17 $ 0.36 $ 0.34
Cash dividends declared, prior period $ 0.05 $ 0.05 $ 0.10 $ 0.09
Impairment losses on available-for-sale securities:        
Total OTTI losses 0 1,020 0 1,716
Noncredit-related portion of loss recognized in other comprehensive income $ 0 $ 0 $ 0 $ 0