Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income

v2.4.0.8
Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Loans and leases    
Loans and Leases, total $ 402,522 $ 406,879
Available-for-sale and other securities    
Taxable 38,456 40,185
Tax-exempt 5,471 2,615
Held-to-maturity securities - taxable 23,320 9,838
Other 2,686 5,802
Total interest income 472,455 465,319
Interest expense    
Deposits 23,938 32,035
Short-term borrowings 150 234
Federal Home Loan Bank advances 453 301
Subordinated notes and other long-term debt 10,408 8,579
Total interest expense 34,949 41,149
Net interest income 437,506 424,170
Provision for credit losses 24,630 29,592
Net interest income after provision for credit losses 412,876 394,578
Service charges on deposit accounts 64,582 60,883
Mortgage banking income 23,089 45,248
Trust services income 29,565 31,160
Electronic banking income 23,642 20,713
Brokerage income 17,071 17,995
Insurance income 16,496 19,252
Gain (Loss) on sale of loans 3,570 2,616
Bank owned life insurance income 13,307 13,442
Capital markets income 9,194 7,834
Net gains on sales of securities 16,970 187
Impairment losses recognized in earnings on available-for-sale securities 0 (696)
Other income 30,999 37,984
Total noninterest income 248,485 256,618
Personnel costs 249,477 258,895
Outside data processing and other services 51,490 49,265
Net occupancy 33,433 30,114
Equipment 28,750 24,880
Deposit and other insurance expense 13,718 15,490
Professional services 12,231 7,192
Marketing 10,686 10,971
Amortization of intangibles 9,291 10,320
Gains on early extinguishment of debt 0 0
Other expense 51,045 35,666
Total noninterest expense 460,121 442,793
Income before income taxes 201,240 208,403
Provision for income taxes 52,097 55,129
Net income 149,143 153,274
Dividends on preferred shares 7,964 7,970
Net income applicable to common shares 141,179 145,304
Average common shares - basic 829,659 841,103
Average common shares - diluted 842,677 848,708
Per common share:    
Net income - basic $ 0.17 $ 0.17
Net income - diluted $ 0.17 $ 0.17
Cash dividends declared, prior period $ 0.05 $ 0.04
Impairment losses on available-for-sale securities:    
Total OTTI losses 0 696
Noncredit-related portion of loss recognized in other comprehensive income $ 0 $ 0