Fulton Financial (FULT) 8-K/A Fulton Financial reports second quarter earnings

EXHIBIT 99.2

FULTON FINANCIAL CORPORATION
FINANCIAL HIGHLIGHTS (UNAUDITED)
dollars in thousands, except per-share data

	June 30
	2009		2008		% Change
BALANCE SHEET DATA
Total assets	$	16,875,852	$	16,058,125		5.1	%
Loans, net of unearned income		11,866,818		11,577,495		2.5	%
Investment securities		3,335,403		2,706,949		23.2	%
Deposits		11,716,297		9,938,194		17.9	%
Shareholders’ equity		1,872,928		1,593,478		17.5	%

	Quarter Ended June 30									Six Months Ended June 30
	2009			2008			% Change			2009			2008			% Change
INCOME SUMMARY
Interest income	$	198,097		$	215,392			(8.0	%)	$	393,664		$	444,612			(11.5	%)
Interest expense		(70,153	)		(83,502	)		(16.0	%)		(141,604	)		(186,823	)		(24.2	%)
Net interest income		127,944			131,890			(3.0	%)		252,060			257,789			(2.2	%)
Provision for loan losses		(50,000	)		(16,706	)		199.3	%		(100,000	)		(27,926	)		258.1	%
Investment securities gains (losses)		77			(21,647	)		N/M			2,996			(20,401	)		N/M
Gain on sale of credit card portfolio		—			13,910			(100.0	%)		—			13,910			(100.0	%)
Other income		45,300			39,887			13.6	%		89,295			76,321			17.0	%
Other expenses		(107,806	)		(109,736	)		(1.8	%)		(214,178	)		(206,396	)		3.8	%
Income before income taxes		15,515			37,598			(58.7	%)		30,173			93,297			(67.7	%)
Income tax expense		(2,404	)		(11,920	)		(79.8	%)		(3,977	)		(26,123	)		(84.8	%)
Net income		13,111			25,678			(48.9	%)	$	26,196		$	67,174			(61.0	%)
Preferred stock dividends and discount accretion		(5,046	)		—			N/A			(10,077	)		—			N/A
Net income available to common shareholders	$	8,065		$	25,678			(68.6	%)	$	16,119		$	67,174			(76.0	%)
PER COMMON SHARE:
Net income:
Basic	$	0.05		$	0.15			(66.7	%)	$	0.09		$	0.39			(76.9	%)
Diluted		0.05			0.15	��		(66.7	%)		0.09			0.39			(76.9	%)
Cash dividends		0.03			0.15			(80.0	%)		0.06			0.30			(80.0	%)
Shareholders’ equity		8.56			9.15			(6.4	%)		8.56			9.15			(6.4	%)
Shareholders’ equity (tangible)		5.40			5.41			(0.2	%)		5.40			5.41			(0.2	%)
SELECTED FINANCIAL RATIOS:
Return on average assets		0.32	%		0.65	%					0.32	%		0.85	%
Return on average common shareholders’ equity		2.16	%		6.33	%					2.17	%		8.40	%
Return on average common shareholders’ equity (tangible)		3.83	%		11.03	%					3.85	%		14.65	%
Net interest margin		3.43	%		3.75	%					3.44	%		3.67	%
Efficiency ratio		60.08	%		56.93	%					60.51	%		56.97	%
Tangible common equity to tangible assets		5.81	%		6.12	%					5.81	%		6.12	%
Non-performing assets to total assets		1.73	%		1.02	%					1.73	%		1.02	%

N/A — Not applicable

N/M — Not meaningful

1

FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED ENDING BALANCE SHEETS (UNAUDITED)
dollars in thousands

										% Change from
	June 30			June 30			March 31			June 30			March 31
	2009			2008			2009			2008			2009
ASSETS
Cash and due from banks	$	299,818		$	420,273		$	265,431			(28.7	%)		13.0	%
Loans held for sale		242,439			116,351			102,033			108.4	%		137.6	%
Other interest-earning assets		25,890			10,234			14,329			153.0	%		80.7	%
Investment securities		3,335,403			2,706,949			3,123,687			23.2	%		6.8	%
Loans, net of unearned income		11,866,818			11,577,495			12,009,060			2.5	%		(1.2	%)
Allowance for loan losses		(214,170	)		(122,340	)		(192,410	)		75.1	%		11.3	%
Net Loans		11,652,648			11,455,155			11,816,650			1.7	%		(1.4	%)
Premises and equipment		205,074			196,934			205,495			4.1	%		(0.2	%)
Accrued interest receivable		58,077			61,366			59,369			(5.4	%)		(2.2	%)
Goodwill and intangible assets		555,272			651,324			556,496			(14.7	%)		(0.2	%)
Other assets		501,231			439,539			350,032			14.0	%		43.2	%
Total Assets	$	16,875,852		$	16,058,125		$	16,493,522			5.1	%		2.3	%
LIABILITIES AND SHAREHOLDERS’ EQUITY
Deposits	$	11,716,297		$	9,938,194		$	11,413,982			17.9	%		2.6	%
Short-term borrowings		1,317,293			2,497,387			1,195,474			(47.3	%)		10.2	%
Federal Home Loan Bank advances and long-term debt		1,750,967			1,819,428			1,786,598			(3.8	%)		(2.0	%)
Other liabilities		218,367			209,638			236,147			4.2	%		(7.5	%)
Total Liabilities		15,002,924			14,464,647			14,632,201			3.7	%		2.5	%
Preferred stock		369,610			—			369,270			N/A			0.1	%
Common shareholders’ equity		1,503,318			1,593,478			1,492,051			(5.7	%)		0.8	%
Total Shareholders’ Equity		1,872,928			1,593,478			1,861,321			17.5	%		0.6	%
Total Liabilities and Shareholders’ Equity	$	16,875,852		$	16,058,125		$	16,493,522			5.1	%		2.3	%
LOANS, DEPOSITS AND SHORT-TERM BORROWINGS DETAIL:
Loans, by type:
Real estate — commercial mortgage	$	4,121,208		$	3,771,209		$	4,068,342			9.3	%		1.3	%
Commercial — industrial, financial and agricultural		3,614,144			3,518,483			3,653,503			2.7	%		(1.1	%)
Real estate — home equity		1,653,461			1,593,405			1,673,613			3.8	%		(1.2	%)
Real estate — construction		1,096,047			1,321,980			1,205,256			(17.1	%)		(9.1	%)
Real estate — residential mortgage		925,270			924,789			947,837			0.1	%		(2.4	%)
Consumer		371,492			362,925			378,851			2.4	%		(1.9	%)
Leasing and other		85,196			84,704			81,658			0.6	%		4.3	%
Total Loans, net of unearned income	$	11,866,818		$	11,577,495		$	12,009,060			2.5	%		(1.2	%)
Deposits, by type:
Noninterest-bearing demand	$	1,942,845		$	1,789,150		$	1,776,169			8.6	%		9.4	%
Interest-bearing demand		1,793,070			1,671,769			1,799,586			7.3	%		(0.4	%)
Savings deposits		2,436,815			2,207,617			2,125,297			10.4	%		14.7	%
Time deposits		5,543,567			4,269,658			5,712,930			29.8	%		(3.0	%)
Total Deposits	$	11,716,297		$	9,938,194		$	11,413,982			17.9	%		2.6	%
Short-term borrowings, by type:
Federal funds purchased	$	781,357		$	1,531,568		$	397,158			(49.0	%)		96.7	%
Short-term promissory notes		274,028			480,489			343,845			(43.0	%)		(20.3	%)
Customer repurchase agreements		261,444			219,716			249,256			19.0	%		4.9	%
Federal Reserve Bank borrowings		—			—			200,000			—			(100.0	%)
Overnight borrowings and other		464			265,614			5,215			(99.8	%)		(91.1	%)
Total Short-term borrowings	$	1,317,293		$	2,497,387		$	1,195,474			(47.3	%)		10.2	%

N/A — Not Applicable

2

FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
dollars in thousands, except per-share data

	Quarter Ended									% Change from
	June 30			June 30			March 31			June 30			March 31			Six Months Ended June 30
	2009			2008			2009			2008			2009			2009			2008			% Change
Interest Income:
Interest income	$	198,097		$	215,392		$	195,567			(8.0	%)		1.3	%	$	393,664		$	444,612			(11.5	%)
Interest expense		70,153			83,502			71,451			(16.0	%)		(1.8	%)		141,604			186,823			(24.2	%)
Net Interest Income		127,944			131,890			124,116			(3.0	%)		3.1	%		252,060			257,789			(2.2	%)
Provision for loan losses		50,000			16,706			50,000			199.3	%		—			100,000			27,926			258.1	%
Net Interest Income after Provision		77,944			115,184			74,116			(32.3	%)		5.2	%		152,060			229,863			(33.8	%)
Other Income:
Service charges on deposit accounts		15,061			15,319			14,894			(1.7	%)		1.1	%		29,955			29,286			2.3	%
Gain on sale of credit card portfolio		—			13,910			—			(100.0	%)		—			—			13,910			(100.0	%)
Other service charges and fees		9,595			9,131			8,354			5.1	%		14.9	%		17,949			17,722			1.3	%
Investment management and trust services		7,876			8,389			7,903			(6.1	%)		(0.3	%)		15,779			17,148			(8.0	%)
Gains on sale of mortgage loans		7,395			2,670			8,591			176.9	%		(13.9	%)		15,986			4,981			220.9	%
Investment securities gains (losses)		77			(21,647	)		2,919			N/M			(97.4	%)		2,996			(20,401	)		N/M
Other		5,373			4,378			4,253			22.7	%		26.3	%		9,626			7,184			34.0	%
Total Other Income		45,377			32,150			46,914			41.1	%		(3.3	%)		92,291			69,830			32.2	%
Other Expenses:
Salaries and employee benefits		55,799			54,281			55,304			2.8	%		0.9	%		111,103			109,476			1.5	%
FDIC insurance expense		12,206			675			4,288			1,708.3	%		184.7	%		16,494			1,537			973.1	%
Net occupancy expense		10,240			10,238			11,023			—			(7.1	%)		21,263			20,762			2.4	%
Equipment expense		3,300			3,398			3,079			(2.9	%)		7.2	%		6,379			6,846			(6.8	%)
Data processing		2,907			3,116			3,072			(6.7	%)		(5.4	%)		5,979			6,362			(6.0	%)
Marketing		1,724			3,519			2,571			(51.0	%)		(32.9	%)		4,295			6,424			(33.1	%)
Intangible amortization		1,434			1,799			1,463			(20.3	%)		(2.0	%)		2,897			3,656			(20.8	%)
Operating risk loss		144			14,385			6,201			(98.9	%)		(97.6	%)		6,345			15,628			(59.4	%)
Other		20,052			18,325			19,371			9.4	%		3.5	%		39,423			35,705			10.4	%
Total Other Expenses		107,806			109,736			106,372			(1.8	%)		1.3	%		214,178			206,396			3.8	%
Income Before Income Taxes		15,515			37,598			14,658			(58.7	%)		5.8	%		30,173			93,297			(67.7	%)
Income tax expense		2,404			11,920			1,573			(79.8	%)		52.8	%		3,977			26,123			(84.8	%)
Net Income		13,111			25,678			13,085			(48.9	%)		0.2	%		26,196			67,174			(61.0	%)
Preferred stock dividends and discount accretion		(5,046	)		—			(5,031	)		N/A			(0.3	%)		(10,077	)		—			N/A
Net Income Available to Common Shareholders	$	8,065		$	25,678		$	8,054			(68.6	%)		0.1	%	$	16,119		$	67,174			(76.0	%)
PER COMMON SHARE:
Net income:
Basic	$	0.05		$	0.15		$	0.05			(66.7	%)		—		$	0.09		$	0.39			(76.9	%)
Diluted		0.05			0.15			0.05			(66.7	%)		—			0.09			0.39			(76.9	%)
Cash dividends	$	0.03		$	0.15		$	0.03			(80.0	%)		—		$	0.06		$	0.30			(80.0	%)
Shareholders’ equity		8.56			9.15			8.50			(6.4	%)		0.7	%		8.56			9.15			(6.4	%)
Shareholders’ equity (tangible)		5.40			5.41			5.33			(0.2	%)		1.3	%		5.40			5.41			(0.2	%)
Weighted average shares (basic)		175,554			173,959			175,315			0.9	%		0.1	%		175,435			173,791			0.9	%
Weighted average shares (diluted)		175,724			174,528			175,548			0.7	%		0.1	%		175,637			174,360			0.7	%
Shares outstanding, end of period		175,706			174,107			175,507			0.9	%		0.1	%		175,706			174,107			0.9	%
SELECTED FINANCIAL RATIOS:
Return on average assets		0.32	%		0.65	%		0.33	%								0.32	%		0.85	%
Return on average common shareholders’ equity		2.16	%		6.33	%		2.18	%								2.17	%		8.40	%
Return on average common shareholders’ equity (tangible)		3.83	%		11.03	%		3.88	%								3.85	%		14.65	%
Net interest margin		3.43	%		3.75	%		3.45	%								3.44	%		3.67	%
Efficiency ratio		60.08	%		56.93	%		60.95	%								60.51	%		56.97	%

N/A — Not applicable
N/M — Not meaningful

3

FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED AVERAGE BALANCE SHEET ANALYSIS (UNAUDITED)
dollars in thousands

	Quarter Ended
	June 30, 2009									June 30, 2008									March 31, 2009
	Average						Yield/			Average						Yield/			Average						Yield/
	Balance			Interest (1)			Rate			Balance			Interest (1)			Rate			Balance			Interest (1)			Rate
ASSETS
Interest-earning assets:
Loans, net of unearned income	$	11,960,669		$	163,744			5.49	%	$	11,423,409		$	180,433			6.35	%	$	12,041,286		$	163,753			5.51	%
Taxable investment securities		2,673,136			29,423			4.40	%		2,304,391			28,528			4.90	%		2,212,639			26,849			4.86	%
Tax-exempt investment securities		462,991			6,425			5.55	%		509,784			6,911			5.42	%		503,265			6,887			5.47	%
Equity securities		134,702			660			1.96	%		196,981			1,729			3.52	%		137,308			774			2.28	%
Total Investment Securities		3,270,829			36,508			4.47	%		3,011,156			37,168			4.90	%		2,853,212			34,510			4.84	%
Loans held for sale		139,354			1,628			4.67	%		108,478			1,610			5.94	%		104,467			1,261			4.83	%
Other interest-earning assets		20,897			39			0.76	%		16,325			102			2.50	%		16,934			50			1.19	%
Total Interest-earning Assets		15,391,749			201,919			5.26	%		14,559,368			219,313			6.05	%		15,015,899			199,574			5.38	%
Noninterest-earning assets:
Cash and due from banks		283,399									323,223									317,928
Premises and equipment		204,451									196,990									202,875
Other assets		938,156									984,000									924,755
Less: allowance for loan losses		(211,166	)								(115,936	)								(187,183	)
Total Assets	$	16,606,589								$	15,947,645								$	16,274,274
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing liabilities:
Demand deposits	$	1,818,897		$	2,001			0.44	%	$	1,708,050		$	2,967			0.70	%	$	1,754,003		$	1,776			0.41	%
Savings deposits		2,307,089			4,401			0.76	%		2,207,699			6,600			1.20	%		2,058,021			4,353			0.86	%
Time deposits		5,625,841			41,604			2.97	%		4,361,280			41,562			3.83	%		5,432,676			43,767			3.27	%
Total Interest-bearing Deposits		9,751,827			48,006			1.97	%		8,277,029			51,129			2.48	%		9,244,700			49,896			2.19	%
Short-term borrowings		1,186,541			922			0.31	%		2,314,845			12,388			2.13	%		1,517,064			1,436			0.38	%
Federal Home Loan Bank advances and long-term debt		1,780,120			21,225			4.78	%		1,871,649			19,985			4.29	%		1,787,493			20,119			4.55	%
Total Interest-bearing Liabilities		12,718,488			70,153			2.21	%		12,463,523			83,502			2.69	%		12,549,257			71,451			2.31	%
Noninterest-bearing liabilities:
Demand deposits		1,812,539									1,662,266									1,657,658
Other		206,901									190,963									201,449
Total Liabilities		14,737,928									14,316,752									14,408,364
Shareholders’ equity		1,868,661									1,630,893									1,865,910
Total Liabilities and Shareholders’ Equity	$	16,606,589								$	15,947,645								$	16,274,274
Net interest income/net interest margin (fully taxable equivalent)					131,766			3.43	%					135,811			3.75	%					128,123			3.45	%
Tax equivalent adjustment					(3,822	)								(3,921	)								(4,007	)
Net interest income				$	127,944								$	131,890								$	124,116

(1) Presented on a tax-equivalent basis using a 35% Federal tax rate and statutory interest expense disallowances.

AVERAGE LOANS, DEPOSITS AND SHORT-TERM BORROWINGS DETAIL:

	Quarter Ended						% Change from
	June 30		June 30		March 31		June 30			March 31
	2009		2008		2009		2008			2009
Loans, by type:
Real estate — commercial mortgage	$	4,091,498	$	3,683,260	$	4,048,847		11.1	%		1.1	%
Commercial — industrial, financial and agricultural		3,656,294		3,502,082		3,655,970		4.4	%		—
Real estate — home equity		1,668,562		1,568,012		1,698,599		6.4	%		(1.8	%)
Real estate — construction		1,152,195		1,317,780		1,229,841		(12.6	%)		(6.3	%)
Real estate — residential mortgage		935,983		890,394		957,556		5.1	%		(2.3	%)
Consumer		371,610		376,698		360,919		(1.4	%)		3.0	%
Leasing and other		84,527		85,183		89,554		(0.8	%)		(5.6	%)
Total Loans, net of unearned income	$	11,960,669	$	11,423,409	$	12,041,286		4.7	%		(0.7	%)
Deposits, by type:
Noninterest-bearing demand	$	1,812,539	$	1,662,266	$	1,657,658		9.0	%		9.3	%
Interest-bearing demand		1,818,897		1,708,050		1,754,003		6.5	%		3.7	%
Savings deposits		2,307,089		2,207,699		2,058,021		4.5	%		12.1	%
Time deposits		5,625,841		4,361,280		5,432,676		29.0	%		3.6	%
Total Deposits	$	11,564,366	$	9,939,295	$	10,902,358		16.3	%		6.1	%
Short-term borrowings, by type:
Federal funds purchased	$	580,020	$	1,303,590	$	792,001		(55.5	%)		(26.8	%)
Short-term promissory notes		297,743		468,802		337,069		(36.5	%)		(11.7	%)
Customer repurchase agreements		256,306		223,092		246,429		14.9	%		4.0	%
Federal Reserve Bank borrowings		48,352		—		138,222		N/A			(65.0	%)
Overnight borrowings and other		4,120		319,361		3,343		(98.7	%)		23.2	%
Total Short-term borrowings	$	1,186,541	$	2,314,845	$	1,517,064		(48.7	%)		(21.8	%)

N/A — Not Applicable

4

FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED AVERAGE BALANCE SHEET ANALYSIS (UNAUDITED)
dollars in thousands

	Six Months Ended June 30
	2009									2008
	Average									Average
	Balance			Interest (1)			Yield/Rate			Balance			Interest (1)			Yield/Rate
ASSETS
Interest-earning assets:
Loans, net of unearned income	$	12,000,755		$	327,497			5.50	%	$	11,359,470		$	372,875			6.60	%
Taxable investment securities		2,444,159			56,272			4.61	%		2,355,791			58,089			4.91	%
Tax-exempt investment securities		483,016			13,312			5.51	%		512,820			13,887			5.42	%
Equity securities		135,998			1,434			2.12	%		204,993			4,109			4.02	%
Total Investment Securities		3,063,173			71,018			4.64	%		3,073,604			76,085			4.93	%
Loans held for sale		122,007			2,889			4.74	%		103,577			3,187			6.16	%
Other interest-earning assets		18,927			89			0.95	%		21,555			320			2.96	%
Total Interest-earning Assets		15,204,862			401,493			5.32	%		14,558,206			452,467			6.24	%
Noninterest-earning assets:
Cash and due from banks		300,568									316,971
Premises and equipment		203,667									196,512
Other assets		931,494									955,629
Less: allowance for loan losses		(199,241	)								(112,925	)
Total Assets	$	16,441,350								$	15,914,393
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing liabilities:
Demand deposits	$	1,786,629		$	3,777			0.43	%	$	1,696,835		$	7,372			0.87	%
Savings deposits		2,183,243			8,754			0.81	%		2,172,702			15,763			1.46	%
Time deposits		5,529,794			85,371			3.11	%		4,440,641			91,480			4.14	%
Total Interest-bearing Deposits		9,499,666			97,902			2.08	%		8,310,178			114,615			2.77	%
Short-term borrowings		1,350,889			2,358			0.35	%		2,331,153			31,216			2.66	%
Federal Home Loan Bank advances and long-term debt		1,783,787			41,344			4.67	%		1,835,079			40,992			4.49	%
Total Interest-bearing Liabilities		12,634,342			141,604			2.26	%		12,476,410			186,823			3.00	%
Noninterest-bearing liabilities:
Demand deposits		1,735,525									1,639,275
Other		204,190									190,730
Total Liabilities		14,574,057									14,306,415
Shareholders’ equity		1,867,293									1,607,978
Total Liabilities and Shareholders’ Equity	$	16,441,350								$	15,914,393
Net interest income/net interest margin (fully taxable equivalent)					259,889			3.44	%					265,644			3.67	%
Tax equivalent adjustment					(7,829	)								(7,855	)
Net interest income				$	252,060								$	257,789

(1) Presented on a tax-equivalent basis using a 35% Federal tax rate and statutory interest expense disallowances.

AVERAGE LOANS, DEPOSITS AND SHORT-TERM BORROWINGS DETAIL:

	Six Months Ended
	June 30
	2009		2008		% Change
Loans, by type:
Real estate — commercial mortgage	$	4,070,291	$	3,606,929		12.8	%
Commercial — industrial, financial and agricultural		3,656,133		3,483,573		5.0	%
Real estate — home equity		1,683,497		1,547,242		8.8	%
Real estate — construction		1,190,803		1,336,826		(10.9	%)
Real estate — residential mortgage		946,710		874,289		8.3	%
Consumer		366,293		424,973		(13.8	%)
Leasing and other		87,028		85,638		1.6	%
Total Loans, net of unearned income	$	12,000,755	$	11,359,470		5.6	%
Deposits, by type:
Noninterest-bearing demand	$	1,735,525	$	1,639,275		5.9	%
Interest-bearing demand		1,786,629		1,696,835		5.3	%
Savings deposits		2,183,243		2,172,702		0.5	%
Time deposits		5,529,794		4,440,641		24.5	%
Total Deposits	$	11,235,191	$	9,949,453		12.9	%
Short-term borrowings, by type:
Federal funds purchased	$	685,425	$	1,243,980		(44.9	%)
Short-term promissory notes		317,297		470,136		(32.5	%)
Customer repurchase agreements		251,395		225,006		11.7	%
Federal Reserve Bank borrowings		93,039		—		N/A
Other short-term borrowings		3,733		392,031		(99.0	%)
Total Short-term borrowings	$	1,350,889	$	2,331,153		(42.1	%)

5

FULTON FINANCIAL CORPORATION
ASSET QUALITY INFORMATION (UNAUDITED)
dollars in thousands

	Quarter Ended									Six Months Ended
	June 30			June 30			March 31			June 30
	2009			2008			2009			2009			2008
ALLOWANCE FOR CREDIT LOSSES:
Balance at beginning of period	$	200,063		$	119,069		$	180,137		$	180,137		$	112,209
Loans charged off:
Real estate — construction		(11,294	)		—			(12,242	)		(23,536	)		—
Commercial — industrial, agricultural and financial		(6,274	)		(4,752	)		(10,622	)		(16,896	)		(7,516	)
Real estate — commercial mortgage		(5,961	)		(386	)		(3,960	)		(9,921	)		(704	)
Real estate — residential mortgage and home equity		(1,830	)		(1,719	)		(1,937	)		(3,767	)		(2,250	)
Consumer		(3,064	)		(1,366	)		(2,076	)		(5,140	)		(2,747	)
Leasing and other		(2,099	)		(1,973	)		(946	)		(3,045	)		(2,605	)
Total loans charged off		(30,522	)		(10,196	)		(31,783	)		(62,305	)		(15,822	)
Recoveries of loans charged off:
Real estate — construction		214			—			112			326			—
Commercial — industrial, agricultural and financial		306			—			904			1,210			276
Real estate — commercial mortgage		25			65			10			35			142
Real estate — residential mortgage and home equity		147			2			1			148			5
Consumer		511			300			429			940			718
Leasing and other		210			277			253			463			769
Recoveries of loans previously charged off		1,413			644			1,709			3,122			1,910
Net loans charged off		(29,109	)		(9,552	)		(30,074	)		(59,183	)		(13,912	)
Provision for loan losses		50,000			16,706			50,000			100,000			27,926
Balance at end of period	$	220,954		$	126,223		$	200,063		$	220,954		$	126,223
Net charge-offs to average loans (annualized)		0.97	%		0.33	%		1.00	%		0.99	%		0.24	%
COMPONENTS OF ALLOWANCE FOR CREDIT LOSSES:
Allowance for loan losses	$	214,170		$	122,340		$	192,410
Reserve for unfunded lending commitments		6,784			3,883			7,653
Allowance for credit losses	$	220,954		$	126,223		$	200,063
NON-PERFORMING ASSETS:
Non-accrual loans	$	228,132		$	108,699		$	198,765
Loans 90 days past due and accruing		39,135			35,656			47,284
Total non-performing loans		267,267			144,355			246,049
Other real estate owned		24,916			20,156			23,189
Total non-performing assets	$	292,183		$	164,511		$	269,238
NON-PERFORMING LOANS, BY TYPE:
Real estate — construction	$	102,977		$	37,003		$	93,425
Commercial — industrial, agricultural and financial		58,433			40,127			50,493
Real estate — commercial mortgage		57,786			39,099			59,899
Real estate — residential mortgage and home equity		37,231			21,988			31,365
Consumer		9,764			5,748			10,316
Leasing		1,076			390			551
Total non-performing loans	$	267,267		$	144,355		$	246,049
ASSET QUALITY RATIOS:
Non-accrual loans to total loans		1.92	%		0.94	%		1.66	%
Non-performing assets to total loans and OREO		2.46	%		1.42	%		2.24	%
Non-performing assets to total assets		1.73	%		1.02	%		1.63	%
Allowance for credit losses to loans outstanding		1.86	%		1.09	%		1.67	%
Allowance for loan losses to loans outstanding		1.80	%		1.06	%		1.60	%
Allowance for credit losses to non-performing loans		82.67	%		87.44	%		81.31	%
Non-performing assets to tangible common shareholders’ equity and allowance for credit losses		24.99	%		15.40	%		23.71	%

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