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 Per Share data, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Loans and leases        
Loans and Leases, total $ 415,322 $ 432,788 $ 1,256,229 $ 1,300,746
Available-for-sale and other securities        
Taxable 45,937 47,947 143,005 160,201
Tax-exempt 2,224 2,321 6,547 7,517
Held-to-maturity securities - taxable 5,592 5,059 14,844 6,346
Other 14,712 2,881 30,643 10,200
Total interest income 483,787 490,996 1,451,268 1,485,010
Interest expense        
Deposits 40,880 64,985 126,450 209,085
Short-term borrowings 544 932 1,685 2,737
Federal Home Loan Bank advances 135 234 690 669
Subordinated notes and other long-term debt 11,930 18,367 45,974 58,374
Total interest expense 53,489 84,518 174,799 270,865
Net interest income 430,298 406,478 1,276,469 1,214,145
Provision for credit losses 37,004 43,586 107,930 128,768
Net interest income after provision for credit losses 393,294 362,892 1,168,539 1,085,377
Service charges on deposit accounts 67,806 65,184 194,096 180,183
Trust services income 29,689 29,473 90,509 90,607
Electronic banking income 22,135 32,901 61,279 93,415
Mortgage banking income 44,614 12,791 129,381 59,310
Brokerage income 16,526 20,349 54,811 61,679
Insurance income 17,792 17,220 54,051 51,564
Bank owned life insurance income 14,371 15,644 42,275 48,065
Capital markets income 11,805 11,256 35,242 26,729
Gain (Loss) on sales of loans 6,591 19,097 37,492 29,060
Automobile operating lease income 2,146 5,890 8,798 22,044
Net gains on sales of securities 4,285 14 5,512 5,908
Impairment losses recognized in earnings on available-for-sale securities (116) (1,364) (1,606) (5,711)
Other income 23,423 30,104 88,366 88,418
Total noninterest income 261,067 258,559 800,206 751,271
Personnel costs 247,709 226,835 734,241 664,433
Outside data processing and other services 49,880 49,602 140,087 133,773
Net occupancy 27,599 26,967 82,152 82,288
Equipment 25,950 22,262 76,367 66,660
Deposit and other insurance expense 15,534 17,492 52,003 59,211
Marketing 20,178 22,251 58,319 59,248
Professional services 18,024 20,281 44,712 53,826
Amortization of intangibles 11,431 13,387 34,902 40,143
Automobile operating lease expense 1,619 4,386 6,656 16,656
OREO and foreclosure expense 4,982 4,668 14,038 12,997
Gains on early extinguishment of debt 1,782 0 (798) 0
Other expense 33,615 30,987 122,569 108,991
Total noninterest expense 458,303 439,118 1,365,248 1,298,226
Income before income taxes 196,058 182,333 603,497 538,422
Provision for income taxes 28,291 38,942 129,754 122,667
Net income 167,767 143,391 473,743 415,755
Dividends on preferred shares 7,983 7,703 24,016 23,110
Net income applicable to common shares 159,784 135,688 449,727 392,645
Average common shares - basic 857,871 863,911 861,543 863,542
Average common shares - diluted 863,588 867,633 866,768 867,446
Per common share:        
Net income - basic $ 0.19 $ 0.16 $ 0.52 $ 0.45
Net income - diluted $ 0.19 $ 0.16 $ 0.52 $ 0.45
Cash dividends declared, prior period $ 0.04 $ 0.04 $ 0.12 $ 0.06
Impairment losses on available-for-sale securities:        
Total OTTI losses (253) (6,040) (1,822) (5,711)
Noncredit-related portion of loss recognized in other comprehensive income $ 137 $ 4,676 $ 216 $ 0