Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Income (Unaudited)

v2.4.0.6
Condensed Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Loans and leases        
Loans and Leases, total $ 428,859 $ 431,294 $ 840,907 $ 867,958
Available-for-sale and other securities        
Taxable 48,244 54,603 97,068 112,254
Tax-exempt 2,124 2,320 4,323 5,196
Held-to-maturity securities - taxable 4,538 1,287 9,252 1,287
Other 3,779 2,633 15,931 7,319
Total interest income 487,544 492,137 967,481 994,014
Interest expense        
Deposits 41,790 68,304 85,570 144,100
Short-term borrowings 558 856 1,141 1,805
Federal Home Loan Bank advances 333 215 555 435
Subordinated notes and other long-term debt 15,901 19,425 34,044 40,007
Total interest expense 58,582 88,800 121,310 186,347
Net interest income 428,962 403,337 846,171 807,667
Provision for credit losses 36,520 35,797 70,926 85,182
Net interest income after provision for credit losses 392,442 367,540 775,245 722,485
Service charges on deposit accounts 65,998 60,675 126,290 114,999
Trust services income 29,914 30,392 60,820 61,134
Electronic banking income 20,514 31,728 39,144 60,514
Mortgage banking income 38,349 23,835 84,767 46,519
Brokerage income 19,025 20,819 38,285 41,330
Insurance income 17,384 16,399 36,259 34,344
Bank owned life insurance income 13,967 17,602 27,904 32,421
Capital markets income 13,455 8,537 23,437 15,473
Gain (Loss) on sales of loans 4,131 2,756 30,901 9,963
Automobile operating lease income 2,877 7,307 6,652 16,154
Net gains on sales of investment securities 603 1,689 1,227 5,894
Impairment losses recognized in earnings on available-for-sale securities (253) (182) (1,490) (4,347)
Other income 27,855 34,210 64,943 58,314
Total noninterest income 253,819 255,767 539,139 492,712
Personnel costs 243,034 218,570 486,532 437,598
Outside data processing and other services 48,149 43,889 90,207 84,171
Net occupancy 25,474 26,885 54,553 55,321
Equipment 24,872 21,921 50,417 44,398
Deposit and other insurance expense 15,731 23,823 36,469 41,719
Marketing 21,365 20,102 38,141 36,997
Professional services 15,458 20,080 26,688 33,545
Amortization of intangibles 11,940 13,386 23,471 26,756
Automobile operating lease expense 2,183 5,434 5,037 12,270
OREO and foreclosure expense 4,106 4,398 9,056 8,329
Gains on early extinguishment of debt (2,580) 0 (2,580) 0
Other expense 34,537 29,921 88,954 78,004
Total noninterest expense 444,269 428,409 906,945 859,108
Income before income taxes 201,992 194,898 407,439 356,089
Provision for income taxes 49,286 48,980 101,463 83,725
Net income 152,706 145,918 305,976 272,364
Dividends on preferred shares 7,984 7,704 16,033 15,407
Net income applicable to common shares 144,722 138,214 289,943 256,957
Average common shares - basic 862,261 863,358 863,380 863,358
Average common shares - diluted 867,551 867,469 868,357 867,353
Per common share:        
Net income - basic $ 0.17 $ 0.16 $ 0.34 $ 0.30
Net income - diluted $ 0.17 $ 0.16 $ 0.33 $ 0.30
Cash dividends declared, prior period $ 0.04 $ 0.01 $ 0.08 $ 0.02
Impairment losses on available-for-sale securities:        
Total OTTI losses (2,245) (1,812) (1,721) (4,347)
Noncredit-related portion of loss recognized in other comprehensive income $ 1,992 $ 1,630 $ 231 $ 0