|
|
Year
Ended December 31, |
 |
| (in
thousands, except per share data) |
2000 |
|
1999 |
|
1998 |
|
| |
|
|
|
|
|
|
|
|
| Interest
Income |
|
|
|
|
|
|
|
|
| Interest
and Fees on Loans |
$ |
283,796 |
|
$ |
261,837 |
|
$ |
234,926 |
| Interest
on Securities |
|
128,402 |
|
|
88,094 |
|
|
80,184 |
| Tax-Advantaged
Interest |
|
2,092 |
|
|
2,337 |
|
|
2,762 |
| Interest
on Short-Term Investments |
|
262 |
|
|
109 |
|
|
235 |
|
| Total
Interest Income |
|
414,552 |
|
|
352,377 |
|
|
318,107 |
|
| |
|
|
|
|
|
|
|
|
| Interest
Expense |
|
|
|
|
|
|
|
|
| Interest
on Deposits |
|
177,696 |
|
|
151,071 |
|
|
130,315 |
| Interest
on Borrowings |
|
75,423 |
|
|
53,190 |
|
|
57,194 |
|
| Total
Interest Expense |
|
253,119 |
|
|
204,261 |
|
|
187,509 |
|
| Net
Interest Income |
|
161,433 |
|
|
148,116 |
|
|
130,598 |
| Less:
Provision for Loan Losses |
|
23,877 |
|
|
11,570 |
|
|
12,027 |
|
| Net
Interest Income after Provision for Loan Losses |
|
137,556 |
|
|
136,546 |
|
|
118,571 |
|
| |
|
|
|
|
|
|
|
|
| Non-Interest
Income |
|
|
|
|
|
|
|
|
| Service
Charges on Deposit Accounts |
|
42,912 |
|
|
34,172 |
|
|
29,260 |
| Mortgage
Banking Activities |
|
3,613 |
|
|
9,652 |
|
|
11,485 |
| Commissions
and Fees |
|
4,737 |
|
|
5,280 |
|
|
4,209 |
| Net
Securities Gains |
|
8,499 |
|
|
312 |
|
|
6,749 |
| Other
Non-Interest Income |
|
15,659 |
|
|
12,043 |
|
|
11,189 |
|
| Total
Non-Interest Income |
|
75,420 |
|
|
61,459 |
|
|
62,892 |
|
| |
|
|
|
|
|
|
|
|
| Non-Interest
Expense |
|
|
|
|
|
|
|
|
| Salaries
and Employee Benefits |
|
71,207 |
|
|
66,394 |
|
|
61,853 |
| Occupancy
Expense, Net |
|
12,951 |
|
|
11,376 |
|
|
10,349 |
| Furniture
and Equipment Expense |
|
10,073 |
|
|
8,927 |
|
|
8,123 |
| External
Processing Fees |
|
16,420 |
|
|
14,883 |
|
|
14,006 |
| Capital
Securities Expense |
|
5,558 |
|
|
3,160 |
|
|
2,359 |
| Other
Non-Interest Expense |
|
32,159 |
|
|
27,916 |
|
|
26,372 |
|
| Total
Non-Interest Expense |
|
148,368 |
|
|
132,656 |
|
|
123,062 |
|
| Income
before Income Taxes |
|
64,608 |
|
|
65,349 |
|
|
58,401 |
| Income
Tax Expense |
|
20,568 |
|
|
21,199 |
|
|
19,371 |
|
| Income
before Extraordinary Item |
|
44,040 |
|
|
44,150 |
|
|
39,030 |
| Extraordinary—Gain
on Debt Extinguishment, Net |
|
770 |
|
|
— |
|
|
— |
|
| Net
Income |
$ |
44,810 |
|
$ |
44,150 |
|
$ |
39,030 |
|
| |
|
|
|
|
|
|
|
|
| Basic
Earnings Per Share |
|
|
|
|
|
|
|
|
| Income
before Extraordinary Item |
$ |
1.68 |
|
$ |
1.65 |
|
$ |
1.45 |
| Net
Income |
|
1.71 |
|
|
1.65 |
|
|
1.45 |
|
| |
|
|
|
|
|
|
|
|
| Diluted
Earnings Per Share |
|
|
|
|
|
|
|
|
| Income
before Extraordinary Item |
$ |
1.64 |
|
$ |
1.60 |
|
$ |
1.40 |
| Net
Income |
|
1.67 |
|
|
1.60 |
|
|
1.40 |
|
|
