Exhibit 99.2
First Midwest Bancorp, Inc.
Selected Financial Information
(Amounts in thousands, except per share data)
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| 2012 |
| 2011 |
| 2010 |
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| March 31 |
| June 30 |
| September 30 |
| Sept. 30/YTD |
| March 31 |
| June 30 |
| September 30 |
| December 31 |
| Dec. 31/YTD |
| March 31 |
| June 30 |
| September 30 |
| December 31 |
| Dec. 31/YTD |
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Period-End Balance Sheet |
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Assets: |
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Cash and cash equivalents |
| $ | 486,373 |
| $ | 478,162 |
| $ | 518,374 |
| $ | 518,374 |
| $ | 526,460 |
| $ | 711,469 |
| $ | 1,062,333 |
| $ | 641,530 |
| $ | 641,530 |
| $ | 126,914 |
| $ | 373,080 |
| $ | 735,945 |
| $ | 585,776 |
| $ | 585,776 |
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Securities available-for-sale |
| 1,183,975 |
| 1,174,931 |
| 1,191,582 |
| 1,191,582 |
| 1,057,758 |
| 1,009,873 |
| 970,430 |
| 1,013,006 |
| 1,013,006 |
| 1,152,039 |
| 1,090,109 |
| 1,058,609 |
| 1,057,802 |
| 1,057,802 |
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Securities held-to-maturity |
| 56,319 |
| 60,933 |
| 41,944 |
| 41,944 |
| 81,218 |
| 76,142 |
| 74,375 |
| 60,458 |
| 60,458 |
| 90,449 |
| 87,843 |
| 85,687 |
| 81,320 |
| 81,320 |
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FHLB and FRB stock |
| 46,750 |
| 46,750 |
| 47,232 |
| 47,232 |
| 61,338 |
| 58,187 |
| 58,187 |
| 58,187 |
| 58,187 |
| 59,428 |
| 59,864 |
| 62,038 |
| 61,338 |
| 61,338 |
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Loans held-for-sale |
| 1,500 |
| — |
| 90,011 |
| 90,011 |
| 3,800 |
| 1,595 |
| 4,620 |
| 4,200 |
| 4,200 |
| — |
| — |
| 1,168 |
| 236 |
| 236 |
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Loans: |
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Commercial and industrial |
| 1,496,966 |
| 1,597,427 |
| 1,610,169 |
| 1,610,169 |
| 1,493,465 |
| 1,518,772 |
| 1,476,034 |
| 1,458,446 |
| 1,458,446 |
| 1,454,714 |
| 1,494,119 |
| 1,472,439 |
| 1,465,903 |
| 1,465,903 |
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Agricultural |
| 237,686 |
| 272,742 |
| 259,787 |
| 259,787 |
| 234,898 |
| 237,518 |
| 250,436 |
| 243,776 |
| 243,776 |
| 200,527 |
| 199,597 |
| 212,800 |
| 227,756 |
| 227,756 |
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Commercial real estate: |
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Office, retail, and industrial |
| 1,366,899 |
| 1,391,129 |
| 1,330,331 |
| 1,330,331 |
| 1,205,880 |
| 1,229,100 |
| 1,263,315 |
| 1,299,082 |
| 1,299,082 |
| 1,239,583 |
| 1,220,191 |
| 1,215,649 |
| 1,203,613 |
| 1,203,613 |
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Multi-family |
| 301,356 |
| 308,250 |
| 309,509 |
| 309,509 |
| 344,645 |
| 336,138 |
| 317,313 |
| 288,336 |
| 288,336 |
| 348,178 |
| 369,281 |
| 350,458 |
| 349,862 |
| 349,862 |
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Residential construction |
| 99,768 |
| 88,908 |
| 61,920 |
| 61,920 |
| 151,887 |
| 129,327 |
| 116,283 |
| 105,836 |
| 105,836 |
| 276,322 |
| 241,094 |
| 226,126 |
| 174,690 |
| 174,690 |
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Commercial construction |
| 142,307 |
| 147,626 |
| 136,509 |
| 136,509 |
| 153,392 |
| 146,679 |
| 145,889 |
| 144,909 |
| 144,909 |
| 233,662 |
| 202,041 |
| 193,041 |
| 164,472 |
| 164,472 |
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Other commercial real estate |
| 829,005 |
| 817,071 |
| 780,712 |
| 780,712 |
| 850,334 |
| 852,966 |
| 877,241 |
| 888,146 |
| 888,146 |
| 790,502 |
| 831,723 |
| 837,877 |
| 856,357 |
| 856,357 |
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1-4 family mortgages |
| 217,729 |
| 237,341 |
| 292,908 |
| 292,908 |
| 178,538 |
| 185,002 |
| 189,587 |
| 201,099 |
| 201,099 |
| 139,840 |
| 145,457 |
| 150,110 |
| 160,890 |
| 160,890 |
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Consumer |
| 445,612 |
| 437,532 |
| 436,500 |
| 436,500 |
| 482,504 |
| 477,409 |
| 468,396 |
| 458,483 |
| 458,483 |
| 512,546 |
| 504,844 |
| 506,166 |
| 497,017 |
| 497,017 |
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Total loans, excluding covered loans |
| 5,137,328 |
| 5,298,026 |
| 5,218,345 |
| 5,218,345 |
| 5,095,543 |
| 5,112,911 |
| 5,104,494 |
| 5,088,113 |
| 5,088,113 |
| 5,195,874 |
| 5,208,347 |
| 5,164,666 |
| 5,100,560 |
| 5,100,560 |
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Covered loans |
| 251,376 |
| 230,047 |
| 216,610 |
| 216,610 |
| 349,446 |
| 314,942 |
| 289,747 |
| 260,502 |
| 260,502 |
| 144,369 |
| 164,924 |
| 396,121 |
| 371,729 |
| 371,729 |
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Allowance for loan losses |
| (116,264 | ) | (116,182 | ) | (102,445 | ) | (102,445 | ) | (142,503 | ) | (137,331 | ) | (128,791 | ) | (119,462 | ) | (119,462 | ) | (144,824 | ) | (145,027 | ) | (144,569 | ) | (142,572 | ) | (142,572 | ) | ||||||||||||||
Net loans |
| 5,272,440 |
| 5,411,891 |
| 5,332,510 |
| 5,332,510 |
| 5,302,486 |
| 5,290,522 |
| 5,265,450 |
| 5,229,153 |
| 5,229,153 |
| 5,195,419 |
| 5,228,244 |
| 5,416,218 |
| 5,329,717 |
| 5,329,717 |
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Other real estate owned |
| 35,276 |
| 28,309 |
| 36,487 |
| 36,487 |
| 33,863 |
| 24,407 |
| 23,863 |
| 33,975 |
| 33,975 |
| 62,565 |
| 57,023 |
| 52,044 |
| 31,069 |
| 31,069 |
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Covered other real estate owned |
| 16,990 |
| 9,136 |
| 8,729 |
| 8,729 |
| 21,543 |
| 14,583 |
| 21,594 |
| 23,455 |
| 23,455 |
| 8,649 |
| 10,657 |
| 24,222 |
| 22,370 |
| 22,370 |
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FDIC indemnification asset |
| 58,488 |
| 58,302 |
| 47,191 |
| 47,191 |
| 85,386 |
| 95,752 |
| 63,508 |
| 65,609 |
| 65,609 |
| 54,591 |
| 75,991 |
| 95,641 |
| 95,899 |
| 95,899 |
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Investment in bank-owned life insurance |
| 206,304 |
| 206,572 |
| 206,043 |
| 206,043 |
| 197,889 |
| 198,149 |
| 205,886 |
| 206,235 |
| 206,235 |
| 198,201 |
| 198,399 |
| 198,666 |
| 197,644 |
| 197,644 |
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Goodwill and other intangible assets |
| 282,815 |
| 281,981 |
| 281,914 |
| 281,914 |
| 285,077 |
| 284,120 |
| 283,163 |
| 283,650 |
| 283,650 |
| 280,477 |
| 281,255 |
| 287,173 |
| 286,033 |
| 286,033 |
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Other assets |
| 340,772 |
| 342,388 |
| 365,159 |
| 365,159 |
| 379,791 |
| 364,592 |
| 346,765 |
| 354,136 |
| 354,136 |
| 364,175 |
| 342,624 |
| 350,412 |
| 389,098 |
| 389,098 |
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Total assets |
| $ | 7,988,002 |
| $ | 8,099,355 |
| $ | 8,167,176 |
| $ | 8,167,176 |
| $ | 8,036,609 |
| $ | 8,129,391 |
| $ | 8,380,174 |
| $ | 7,973,594 |
| $ | 7,973,594 |
| $ | 7,592,907 |
| $ | 7,805,089 |
| $ | 8,367,823 |
| $ | 8,138,302 |
| $ | 8,138,302 |
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Liabilities and Stockholders’ Equity: |
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Noninterest-bearing deposits |
| $ | 1,637,593 |
| $ | 1,727,009 |
| $ | 1,773,928 |
| $ | 1,773,928 |
| $ | 1,346,698 |
| $ | 1,494,390 |
| $ | 1,634,623 |
| $ | 1,593,773 |
| $ | 1,593,773 |
| $ | 1,129,777 |
| $ | 1,188,356 |
| $ | 1,284,940 |
| $ | 1,329,505 |
| $ | 1,329,505 |
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Interest-bearing deposits |
| 4,848,770 |
| 4,900,734 |
| 4,975,127 |
| 4,975,127 |
| 5,073,196 |
| 5,001,159 |
| 4,991,985 |
| 4,885,402 |
| 4,885,402 |
| 4,734,327 |
| 4,935,209 |
| 5,392,319 |
| 5,181,971 |
| 5,181,971 |
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Total deposits |
| 6,486,363 |
| 6,627,743 |
| 6,749,055 |
| 6,749,055 |
| 6,419,894 |
| 6,495,549 |
| 6,626,608 |
| 6,479,175 |
| 6,479,175 |
| 5,864,104 |
| 6,123,565 |
| 6,677,259 |
| 6,511,476 |
| 6,511,476 |
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Borrowed funds |
| 202,155 |
| 189,524 |
| 183,691 |
| 183,691 |
| 273,342 |
| 272,024 |
| 386,429 |
| 205,371 |
| 205,371 |
| 387,163 |
| 328,470 |
| 323,077 |
| 303,974 |
| 303,974 |
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Senior and subordinated debt |
| 231,106 |
| 231,138 |
| 231,171 |
| 231,171 |
| 137,746 |
| 137,748 |
| 137,751 |
| 252,153 |
| 252,153 |
| 137,737 |
| 137,739 |
| 137,741 |
| 137,744 |
| 137,744 |
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Other liabilities |
| 95,677 |
| 72,398 |
| 69,824 |
| 69,824 |
| 81,925 |
| 82,828 |
| 77,476 |
| 74,308 |
| 74,308 |
| 60,135 |
| 59,803 |
| 69,687 |
| 73,063 |
| 73,063 |
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Stockholders’ equity |
| 972,701 |
| 978,552 |
| 933,435 |
| 933,435 |
| 1,123,702 |
| 1,141,242 |
| 1,151,910 |
| 962,587 |
| 962,587 |
| 1,143,768 |
| 1,155,512 |
| 1,160,059 |
| 1,112,045 |
| 1,112,045 |
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Total liabilities and stockholders’ equity |
| $ | 7,988,002 |
| $ | 8,099,355 |
| $ | 8,167,176 |
| $ | 8,167,176 |
| $ | 8,036,609 |
| $ | 8,129,391 |
| $ | 8,380,174 |
| $ | 7,973,594 |
| $ | 7,973,594 |
| $ | 7,592,907 |
| $ | 7,805,089 |
| $ | 8,367,823 |
| $ | 8,138,302 |
| $ | 8,138,302 |
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Stockholders’ equity, excluding OCI |
| $ | 983,620 |
| $ | 990,419 |
| $ | 942,683 |
| $ | 942,683 |
| $ | 1,148,075 |
| $ | 1,156,581 |
| $ | 1,163,323 |
| $ | 975,863 |
| $ | 975,863 |
| $ | 1,162,646 |
| $ | 1,168,315 |
| $ | 1,169,262 |
| $ | 1,139,784 |
| $ | 1,139,784 |
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Stockholders’ equity, common |
| 972,701 |
| 978,552 |
| 933,435 |
| 933,435 |
| 930,702 |
| 948,242 |
| 958,910 |
| 962,587 |
| 962,587 |
| 950,768 |
| 962,512 |
| 967,059 |
| 919,045 |
| 919,045 |
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Stockholders’ equity, common excluding OCI |
| 983,620 |
| 990,419 |
| 942,683 |
| 942,683 |
| 955,075 |
| 963,581 |
| 970,323 |
| 975,863 |
| 975,863 |
| 969,646 |
| 975,315 |
| 976,262 |
| 946,784 |
| 946,784 |
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Stockholders’ equity, preferred |
| — |
| — |
| — |
| — |
| 193,000 |
| 193,000 |
| 193,000 |
| — |
| — |
| 193,000 |
| 193,000 |
| 193,000 |
| 193,000 |
| 193,000 |
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Average Balance Sheet |
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Total assets |
| $ | 7,957,190 |
| $ | 8,113,742 |
| $ | 8,227,113 |
| $ | 8,099,815 |
| $ | 8,094,951 |
| $ | 8,171,095 |
| $ | 8,229,780 |
| $ | 8,142,503 |
| $ | 8,159,906 |
| $ | 7,665,781 |
| $ | 7,905,364 |
| $ | 8,203,617 |
| $ | 8,314,634 |
| $ | 8,024,654 |
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Investment securities |
| 1,163,338 |
| 1,238,767 |
| 1,220,654 |
| 1,207,634 |
| 1,166,991 |
| 1,150,221 |
| 1,057,075 |
| 1,069,844 |
| 1,110,619 |
| 1,298,832 |
| 1,213,455 |
| 1,178,794 |
| 1,139,127 |
| 1,207,036 |
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FHLB and FRB stock |
| 52,531 |
| 46,750 |
| 47,111 |
| 48,792 |
| 61,338 |
| 59,745 |
| 58,187 |
| 58,187 |
| 59,352 |
| 58,495 |
| 59,758 |
| 60,998 |
| 61,703 |
| 60,249 |
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Total loans, excluding covered loans |
| 5,089,286 |
| 5,213,944 |
| 5,353,911 |
| 5,219,539 |
| 5,075,840 |
| 5,108,234 |
| 5,136,130 |
| 5,085,792 |
| 5,101,621 |
| 5,197,499 |
| 5,204,566 |
| 5,207,419 |
| 5,155,416 |
| 5,191,154 |
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Covered loans and FDIC indemnification asset |
| 318,569 |
| 297,141 |
| 276,180 |
| 297,219 |
| 444,242 |
| 420,108 |
| 387,635 |
| 343,479 |
| 398,559 |
| 208,663 |
| 233,907 |
| 367,727 |
| 480,612 |
| 323,595 |
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Other earning assets |
| 464,373 |
| 448,126 |
| 450,917 |
| 454,459 |
| 483,252 |
| 582,570 |
| 758,030 |
| 732,051 |
| 639,984 |
| 55,275 |
| 314,480 |
| 464,793 |
| 609,391 |
| 382,023 |
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Total interest-earning assets |
| $ | 7,088,097 |
| $ | 7,244,728 |
| $ | 7,348,773 |
| $ | 7,227,643 |
| $ | 7,231,663 |
| $ | 7,320,878 |
| $ | 7,397,057 |
| $ | 7,289,353 |
| $ | 7,310,135 |
| $ | 6,818,764 |
| $ | 7,026,166 |
| $ | 7,279,731 |
| $ | 7,446,249 |
| $ | 7,164,057 |
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Demand deposits |
| $ | 1,591,198 |
| $ | 1,797,854 |
| $ | 1,852,810 |
| $ | 1,747,672 |
| $ | 1,342,013 |
| $ | 1,465,438 |
| $ | 1,569,671 |
| $ | 1,613,221 |
| $ | 1,498,900 |
| $ | 1,124,320 |
| $ | 1,181,097 |
| $ | 1,242,257 |
| $ | 1,348,188 |
| $ | 1,224,629 |
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Interest-bearing demand deposits |
| 386 |
| 718 |
| 514 |
| 539 |
| — |
| — |
| — |
| 24 |
| 6 |
| — |
| — |
| — |
| — |
| — |
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Savings deposits |
| 995,955 |
| 1,042,099 |
| 1,048,430 |
| 1,028,900 |
| 901,205 |
| 944,802 |
| 940,151 |
| 952,962 |
| 934,937 |
| 759,786 |
| 803,353 |
| 832,672 |
| 864,334 |
| 815,371 |
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NOW accounts |
| 1,051,484 |
| 1,063,336 |
| 1,110,898 |
| 1,075,369 |
| 1,044,280 |
| 1,126,913 |
| 1,129,893 |
| 1,062,993 |
| 1,091,178 |
| 922,179 |
| 1,157,246 |
| 1,173,347 |
| 1,075,642 |
| 1,082,774 |
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Money market deposits |
| 1,184,316 |
| 1,176,723 |
| 1,234,833 |
| 1,198,756 |
| 1,240,439 |
| 1,205,736 |
| 1,236,546 |
| 1,237,600 |
| 1,230,090 |
| 1,110,519 |
| 1,155,889 |
| 1,226,314 |
| 1,302,325 |
| 1,199,362 |
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Transactional deposits |
| 4,823,339 |
| 5,080,730 |
| 5,247,485 |
| 5,051,236 |
| 4,527,937 |
| 4,742,889 |
| 4,876,261 |
| 4,866,800 |
| 4,755,111 |
| 3,916,804 |
| 4,297,585 |
| 4,474,590 |
| 4,590,489 |
| 4,322,136 |
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Time deposits |
| 1,621,926 |
| 1,548,410 |
| 1,498,993 |
| 1,556,234 |
| 1,937,890 |
| 1,813,164 |
| 1,731,413 |
| 1,688,971 |
| 1,792,009 |
| 1,956,745 |
| 1,916,116 |
| 2,022,721 |
| 2,069,389 |
| 1,991,637 |
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Total deposits |
| 6,445,265 |
| 6,629,140 |
| 6,746,478 |
| 6,607,470 |
| 6,465,827 |
| 6,556,053 |
| 6,607,674 |
| 6,555,771 |
| 6,547,120 |
| 5,873,549 |
| 6,213,701 |
| 6,497,311 |
| 6,659,878 |
| 6,313,773 |
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Borrowed funds |
| 203,548 |
| 195,934 |
| 189,835 |
| 196,415 |
| 285,847 |
| 262,525 |
| 262,001 |
| 252,839 |
| 265,702 |
| 477,323 |
| 342,808 |
| 337,905 |
| 281,050 |
| 359,174 |
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Senior and subordinated debt |
| 248,232 |
| 231,123 |
| 231,156 |
| 236,816 |
| 137,745 |
| 137,747 |
| 137,749 |
| 187,488 |
| 150,285 |
| 137,736 |
| 137,738 |
| 137,740 |
| 137,743 |
| 137,739 |
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Total funding sources |
| $ | 6,897,045 |
| $ | 7,056,197 |
| $ | 7,167,469 |
| $ | 7,040,701 |
| $ | 6,889,419 |
| $ | 6,956,325 |
| $ | 7,007,424 |
| $ | 6,996,098 |
| $ | 6,963,107 |
| $ | 6,488,608 |
| $ | 6,694,247 |
| $ | 6,972,956 |
| $ | 7,078,671 |
| $ | 6,810,686 |
|
Stockholders’ equity |
| $ | 970,368 |
| $ | 977,054 |
| $ | 982,582 |
| $ | 976,690 |
| $ | 1,122,315 |
| $ | 1,134,770 |
| $ | 1,148,548 |
| $ | 1,072,684 |
| $ | 1,119,523 |
| $ | 1,119,866 |
| $ | 1,152,394 |
| $ | 1,163,661 |
| $ | 1,156,263 |
| $ | 1,148,219 |
|
Stockholders’ equity, common |
| 970,368 |
| 977,054 |
| 982,582 |
| 976,690 |
| 929,315 |
| 941,770 |
| 955,548 |
| 961,500 |
| 947,145 |
| 926,866 |
| 959,394 |
| 970,661 |
| 963,263 |
| 955,219 |
| ||||||||||||||
Stockholders’ equity, preferred |
| — |
| — |
| — |
| — |
| 193,000 |
| 193,000 |
| 193,000 |
| 111,184 |
| 172,378 |
| 193,000 |
| 193,000 |
| 193,000 |
| 193,000 |
| 193,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2012 |
| 2011 |
| 2010 |
| ||||||||||||||||||||||||||||||||||||
|
| March 31 |
| June 30 |
| September 30 |
| Sept. 30/YTD |
| March 31 |
| June 30 |
| September 30 |
| December 31 |
| Dec. 31/YTD |
| March 31 |
| June 30 |
| September 30 |
| December 31 |
| Dec. 31/YTD |
| ||||||||||||||
Income Statement |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
Interest income |
| $ | 75,268 |
| $ | 75,518 |
| $ | 75,584 |
| $ | 226,370 |
| $ | 81,283 |
| $ | 81,296 |
| $ | 80,175 |
| $ | 78,757 |
| $ | 321,511 |
| $ | 81,779 |
| $ | 82,274 |
| $ | 82,338 |
| $ | 82,476 |
| $ | 328,867 |
|
Interest expense |
| 10,086 |
| 8,814 |
| 8,324 |
| 27,224 |
| 10,637 |
| 9,935 |
| 9,640 |
| 9,679 |
| 39,891 |
| 13,841 |
| 12,655 |
| 12,125 |
| 10,897 |
| 49,518 |
| ||||||||||||||
Net interest income |
| 65,182 |
| 66,704 |
| 67,260 |
| 199,146 |
| 70,646 |
| 71,361 |
| 70,535 |
| 69,078 |
| 281,620 |
| 67,938 |
| 69,619 |
| 70,213 |
| 71,579 |
| 279,349 |
| ||||||||||||||
Provision for loan losses |
| 18,210 |
| 22,458 |
| 111,791 |
| 152,459 |
| 19,492 |
| 18,763 |
| 20,425 |
| 21,902 |
| 80,582 |
| 18,350 |
| 21,526 |
| 33,576 |
| 73,897 |
| 147,349 |
| ||||||||||||||
Service charges on deposit accounts |
| 8,660 |
| 8,848 |
| 9,502 |
| 27,010 |
| 8,144 |
| 9,563 |
| 10,215 |
| 9,957 |
| 37,879 |
| 8,381 |
| 9,052 |
| 9,249 |
| 9,202 |
| 35,884 |
| ||||||||||||||
Wealth management fees |
| 5,392 |
| 5,394 |
| 5,415 |
| 16,201 |
| 5,053 |
| 5,237 |
| 4,982 |
| 5,052 |
| 20,324 |
| 4,529 |
| 4,620 |
| 4,714 |
| 4,943 |
| 18,806 |
| ||||||||||||||
Other service charges, commissions, and fees |
| 3,520 |
| 4,097 |
| 4,187 |
| 11,804 |
| 3,977 |
| 4,243 |
| 4,289 |
| 3,877 |
| 16,386 |
| 3,236 |
| 3,710 |
| 3,946 |
| 3,603 |
| 14,495 |
| ||||||||||||||
Card-based fees |
| 5,020 |
| 5,312 |
| 5,246 |
| 15,578 |
| 4,529 |
| 5,162 |
| 4,931 |
| 4,971 |
| 19,593 |
| 3,893 |
| 4,497 |
| 4,547 |
| 4,640 |
| 17,577 |
| ||||||||||||||
Total fee-based revenue |
| 22,592 |
| 23,651 |
| 24,350 |
| 70,593 |
| 21,703 |
| 24,205 |
| 24,417 |
| 23,857 |
| 94,182 |
| 20,039 |
| 21,879 |
| 22,456 |
| 22,388 |
| 86,762 |
| ||||||||||||||
Bank-owned life insurance income |
| 248 |
| 404 |
| 300 |
| 952 |
| 252 |
| 259 |
| 1,479 |
| 241 |
| 2,231 |
| 248 |
| 349 |
| 267 |
| 696 |
| 1,560 |
| ||||||||||||||
Net securities (losses) gains |
| (943 | ) | 151 |
| (217 | ) | (1,009 | ) | 540 |
| 1,531 |
| 449 |
| (110 | ) | 2,410 |
| 3,057 |
| 1,121 |
| 6,376 |
| 1,662 |
| 12,216 |
| ||||||||||||||
Gains on FDIC-assisted transactions |
| — |
| — |
| 3,289 |
| 3,289 |
| — |
| — |
| — |
| — |
| — |
| — |
| 4,303 |
| — |
| — |
| 4,303 |
| ||||||||||||||
Gains on early extinguishment of debt |
| 256 |
| — |
| — |
| 256 |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| ||||||||||||||
Gain on acquisition of deposits |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| 1,076 |
| 1,076 |
| — |
| — |
| — |
| — |
| — |
| ||||||||||||||
Other |
| 2,536 |
| (169 | ) | 1,412 |
| 3,779 |
| 1,722 |
| 499 |
| (1,754 | ) | 1,571 |
| 2,038 |
| 977 |
| (342 | ) | 1,654 |
| 1,421 |
| 3,710 |
| ||||||||||||||
Total noninterest income |
| 24,689 |
| 24,037 |
| 29,134 |
| 77,860 |
| 24,217 |
| 26,494 |
| 24,591 |
| 26,635 |
| 101,937 |
| 24,321 |
| 27,310 |
| 30,753 |
| 26,167 |
| 108,551 |
| ||||||||||||||
Salaries and employee benefits |
| 34,050 |
| 29,566 |
| 33,111 |
| 96,727 |
| 32,818 |
| 31,554 |
| 29,182 |
| 35,220 |
| 128,774 |
| 26,884 |
| 26,540 |
| 29,926 |
| 31,028 |
| 114,378 |
| ||||||||||||||
Net occupancy and equipment expense |
| 8,331 |
| 7,513 |
| 8,108 |
| 23,952 |
| 9,103 |
| 8,012 |
| 8,157 |
| 7,681 |
| 32,953 |
| 8,168 |
| 7,808 |
| 8,326 |
| 7,916 |
| 32,218 |
| ||||||||||||||
FDIC premiums |
| 1,719 |
| 1,659 |
| 1,785 |
| 5,163 |
| 2,725 |
| 1,708 |
| 1,799 |
| 1,758 |
| 7,990 |
| 2,532 |
| 2,546 |
| 2,835 |
| 2,967 |
| 10,880 |
| ||||||||||||||
Losses on sales and valuation adjustments of OREO |
| 303 |
| 2,527 |
| 2,025 |
| 4,855 |
| 2,227 |
| 3,423 |
| 2,611 |
| 1,425 |
| 9,686 |
| 7,879 |
| 8,924 |
| 8,265 |
| 15,412 |
| 40,480 |
| ||||||||||||||
Other real estate expense, net |
| 1,561 |
| 1,597 |
| 1,183 |
| 4,341 |
| 1,704 |
| 1,800 |
| 1,563 |
| 1,540 |
| 6,607 |
| 2,908 |
| 2,926 |
| 1,312 |
| 2,408 |
| 9,554 |
| ||||||||||||||
Other intangibles amortization |
| 834 |
| 834 |
| 849 |
| 2,517 |
| 957 |
| 956 |
| 957 |
| 932 |
| 3,802 |
| 1,003 |
| 1,029 |
| 1,107 |
| 1,139 |
| 4,278 |
| ||||||||||||||
Other expenses |
| 15,815 |
| 17,461 |
| 23,062 |
| 56,338 |
| 15,884 |
| 18,266 |
| 19,907 |
| 18,035 |
| 72,092 |
| 16,099 |
| 17,682 |
| 17,006 |
| 16,204 |
| 66,991 |
| ||||||||||||||
Total noninterest expense |
| 62,613 |
| 61,157 |
| 70,123 |
| 193,893 |
| 65,418 |
| 65,719 |
| 64,176 |
| 66,591 |
| 261,904 |
| 65,473 |
| 67,455 |
| 68,777 |
| 77,074 |
| 278,779 |
| ||||||||||||||
Income before income tax |
| 9,048 |
| 7,126 |
| (85,520 | ) | (69,346 | ) | 9,953 |
| 13,373 |
| 10,525 |
| 7,220 |
| 41,071 |
| 8,436 |
| 7,948 |
| (1,387 | ) | (53,225 | ) | (38,228 | ) | ||||||||||||||
Income tax |
| 1,156 |
| 761 |
| (36,993 | ) | (35,076 | ) | (91 | ) | 2,720 |
| 1,583 |
| 296 |
| 4,508 |
| 355 |
| 139 |
| (3,972 | ) | (25,066 | ) | (28,544 | ) | ||||||||||||||
Net income |
| $ | 7,892 |
| $ | 6,365 |
| $ | (48,527 | ) | $ | (34,270 | ) | $ | 10,044 |
| $ | 10,653 |
| $ | 8,942 |
| $ | 6,924 |
| $ | 36,563 |
| $ | 8,081 |
| $ | 7,809 |
| $ | 2,585 |
| $ | (28,159 | ) | $ | (9,684 | ) |
Net income applicable to common shares |
| $ | 7,753 |
| $ | 6,289 |
| $ | (47,812 | ) | $ | (33,770 | ) | $ | 7,326 |
| $ | 7,971 |
| $ | 6,263 |
| $ | 3,877 |
| $ | 25,437 |
| $ | 5,428 |
| $ | 5,171 |
| $ | 11 |
| $ | (30,327 | ) | $ | (19,717 | ) |
Basic earnings per common share |
| 0.11 |
| 0.09 |
| (0.65 | ) | (0.46 | ) | 0.10 |
| 0.11 |
| 0.09 |
| 0.05 |
| 0.35 |
| 0.08 |
| 0.07 |
| 0.00 |
| (0.41 | ) | (0.27 | ) | ||||||||||||||
Diluted earnings per common share |
| 0.11 |
| 0.09 |
| (0.65 | ) | (0.46 | ) | 0.10 |
| 0.11 |
| 0.09 |
| 0.05 |
| 0.35 |
| 0.08 |
| 0.07 |
| 0.00 |
| (0.41 | ) | (0.27 | ) | ||||||||||||||
Weighted average shares outstanding |
| 73,505 |
| 73,659 |
| 73,742 |
| 73,739 |
| 73,151 |
| 73,259 |
| 73,361 |
| 73,382 |
| 73,289 |
| 70,469 |
| 73,028 |
| 73,072 |
| 73,085 |
| 72,422 |
| ||||||||||||||
Weighted average diluted shares outstanding |
| 73,505 |
| 73,659 |
| 73,742 |
| 73,739 |
| 73,151 |
| 73,259 |
| 73,361 |
| 73,382 |
| 73,289 |
| 70,469 |
| 73,028 |
| 73,072 |
| 73,085 |
| 72,422 |
| ||||||||||||||
Tax equivalent adjustment (1) |
| $ | 3,292 |
| $ | 3,324 |
| $ | 3,400 |
| $ | 10,016 |
| $ | 3,567 |
| $ | 3,517 |
| $ | 3,395 |
| $ | 3,339 |
| $ | 13,818 |
| $ | 4,252 |
| $ | 4,265 |
| $ | 4,053 |
| $ | 3,742 |
| $ | 16,312 |
|
Net interest income (FTE) (1) |
| 68,474 |
| 70,028 |
| 70,660 |
| 209,162 |
| 74,213 |
| 74,878 |
| 73,930 |
| 72,417 |
| 295,438 |
| 72,190 |
| 73,884 |
| 74,266 |
| 75,321 |
| 295,661 |
| ||||||||||||||
Common stock and related per common share data: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
Book value |
| $ | 12.99 |
| $ | 13.07 |
| $ | 12.47 |
| $ | 12.47 |
| $ | 12.49 |
| $ | 12.73 |
| $ | 12.87 |
| $ | 12.93 |
| $ | 12.93 |
| $ | 12.84 |
| $ | 13.00 |
| $ | 13.06 |
| $ | 12.40 |
| $ | 12.40 |
|
Tangible book value |
| 9.21 |
| 9.30 |
| 8.71 |
| 8.71 |
| 8.66 |
| 8.92 |
| 9.07 |
| 9.12 |
| 9.12 |
| 9.05 |
| 9.20 |
| 9.18 |
| 8.54 |
| 8.54 |
| ||||||||||||||
Dividends declared per share |
| 0.01 |
| 0.01 |
| 0.01 |
| 0.03 |
| 0.01 |
| 0.01 |
| 0.01 |
| 0.01 |
| 0.04 |
| 0.01 |
| 0.01 |
| 0.01 |
| 0.01 |
| 0.04 |
| ||||||||||||||
Closing price at period end |
| 11.98 |
| 10.98 |
| 12.56 |
| 12.56 |
| 11.79 |
| 12.29 |
| 7.32 |
| 10.13 |
| 10.13 |
| 13.55 |
| 12.16 |
| 11.53 |
| 11.52 |
| 11.52 |
| ||||||||||||||
Market price - period high |
| 12.87 |
| 12.25 |
| 13.40 |
| 13.40 |
| 13.07 |
| 13.48 |
| 12.72 |
| 10.31 |
| 13.48 |
| 14.43 |
| 17.95 |
| 13.43 |
| 13.13 |
| 17.95 |
| ||||||||||||||
Market price - period low |
| 10.25 |
| 9.42 |
| 10.43 |
| 9.42 |
| 10.79 |
| 11.05 |
| 7.22 |
| 6.89 |
| 6.89 |
| 10.37 |
| 12.10 |
| 10.72 |
| 9.26 |
| 9.26 |
| ||||||||||||||
Closing price to book value |
| 0.9 |
| 0.8 |
| 1.0 |
| 1.0 |
| 0.9 |
| 1.0 |
| 0.6 |
| 0.8 |
| 0.8 |
| 1.1 |
| 0.9 |
| 0.9 |
| 0.9 |
| 0.9 |
| ||||||||||||||
Period end shares outstanding |
| 74,898 |
| 74,862 |
| 74,831 |
| 74,831 |
| 74,543 |
| 74,473 |
| 74,485 |
| 74,435 |
| 74,435 |
| 74,046 |
| 74,049 |
| 74,057 |
| 74,096 |
| 74,096 |
| ||||||||||||||
Period end treasury shares |
| 10,889 |
| 10,925 |
| 10,956 |
| 10,956 |
| 11,244 |
| 11,314 |
| 11,302 |
| 11,352 |
| 11,352 |
| 11,741 |
| 11,738 |
| 11,730 |
| 11,691 |
| 11,691 |
| ||||||||||||||
Number of shares repurchased |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| ||||||||||||||
Common dividends |
| $ | 749 |
| $ | 745 |
| $ | 747 |
| $ | 2,241 |
| $ | 746 |
| $ | 743 |
| $ | 745 |
| $ | 744 |
| $ | 2,978 |
| $ | 740 |
| $ | 741 |
| $ | 743 |
| $ | 741 |
| $ | 2,965 |
|
Preferred dividends |
| — |
| — |
| — |
| — |
| 2,413 |
| 2,412 |
| 2,413 |
| 1,420 |
| 8,658 |
| 2,413 |
| 2,412 |
| 2,412 |
| 2,413 |
| 9,650 |
| ||||||||||||||
Other Key Ratios/Data: |
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| ||||||||||||||
Return on average common equity (2) |
| 3.21 | % | 2.59 | % | -19.36 | % | -4.62 | % | 3.20 | % | 3.39 | % | 2.60 | % | 1.60 | % | 2.69 | % | 2.38 | % | 2.16 | % | 4.50E-05 |
| -12.49 | % | -2.06 | % | ||||||||||||||
Return on average assets (2) |
| 0.40 | % | 0.32 | % | -2.35 | % | -0.57 | % | 0.50 | % | 0.52 | % | 0.43 | % | 0.34 | % | 0.45 | % | 0.43 | % | 0.40 | % | 0.13 | % | -1.34 | % | -0.12 | % | ||||||||||||||
Net interest margin (1) |
| 3.88 | % | 3.88 | % | 3.83 | % | 3.86 | % | 4.15 | % | 4.10 | % | 3.97 | % | 3.95 | % | 4.04 | % | 4.28 | % | 4.21 | % | 4.05 | % | 4.02 | % | 4.13 | % | ||||||||||||||
Yield on average earning assets (1) |
| 4.45 | % | 4.37 | % | 4.28 | % | 4.37 | % | 4.75 | % | 4.64 | % | 4.49 | % | 4.47 | % | 4.59 | % | 5.10 | % | 4.94 | % | 4.72 | % | 4.60 | % | 4.82 | % | ||||||||||||||
Cost of funds |
| 0.76 | % | 0.67 | % | 0.62 | % | 0.69 | % | 0.78 | % | 0.73 | % | 0.70 | % | 0.71 | % | 0.73 | % | 1.05 | % | 0.92 | % | 0.84 | % | 0.75 | % | 0.89 | % | ||||||||||||||
Efficiency ratio (1) |
| 64.62 | % | 60.56 | % | 69.04 | % | 64.78 | % | 62.70 | % | 60.49 | % | 60.57 | % | 64.76 | % | 62.12 | % | 58.41 | % | 57.92 | % | 59.91 | % | 59.08 | % | 58.84 | % | ||||||||||||||
Net noninterest expense ratio (2) |
| 1.88 | % | 1.85 | % | 2.13 | % | 1.96 | % | 2.09 | % | 2.00 | % | 1.93 | % | 1.99 | % | 2.00 | % | 2.34 | % | 2.31 | % | 2.15 | % | 2.51 | % | 2.33 | % | ||||||||||||||
Effective income tax rate |
| 12.78 | % | 10.68 | % | 43.26 | % | 50.58 | % | -0.91 | % | 20.34 | % | 15.04 | % | 4.10 | % | 10.98 | % | 4.21 | % | 1.75 | % | 286.37 | % | 47.09 | % | 74.67 | % | ||||||||||||||
Full time equivalent employees - end of period |
| 1,757 |
| 1,758 |
| 1,768 |
| 1,768 |
| 1,845 |
| 1,846 |
| 1,833 |
| 1,791 |
| 1,791 |
| 1,729 |
| 1,762 |
| 1,884 |
| 1,838 |
| 1,838 |
| ||||||||||||||
Number of bank offices |
| 98 |
| 98 |
| 95 |
| 95 |
| 97 |
| 96 |
| 96 |
| 98 |
| 98 |
| 94 |
| 95 |
| 100 |
| 98 |
| 98 |
| ||||||||||||||
Number of automated teller machines |
| 132 |
| 132 |
| 131 |
| 131 |
| 136 |
| 135 |
| 133 |
| 132 |
| 132 |
| 129 |
| 131 |
| 129 |
| 137 |
| 137 |
|
Note: Discussion of footnotes (1) and (2) are located at the end of this document.
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| 2012 |
| 2011 |
| 2010 |
| ||||||||||||||||||||||||||||||||||||
|
| March 31 |
| June 30 |
| September 30 |
| Sept. 30/YTD |
| March 31 |
| June 30 |
| September 30 |
| December 31 |
| Dec. 31/YTD |
| March 31 |
| June 30 |
| September 30 |
| December 31 |
| Dec. 31/YTD |
| ||||||||||||||
Pre-Tax, Pre-Provision Operating Earnings |
|
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|
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| ||||||||||||||
Income before income tax |
| $ | 9,048 |
| $ | 7,126 |
| $ | (85,520 | ) | $ | (69,346 | ) | $ | 9,953 |
| $ | 13,373 |
| $ | 10,525 |
| $ | 7,220 |
| $ | 41,071 |
| $ | 8,436 |
| $ | 7,948 |
| $ | (1,387 | ) | $ | (53,225 | ) | $ | (38,228 | ) |
Provision for credit losses |
| 18,210 |
| 22,458 |
| 111,791 |
| 152,459 |
| 19,492 |
| 18,763 |
| 20,425 |
| 21,902 |
| 80,582 |
| 18,350 |
| 21,526 |
| 33,576 |
| 73,897 |
| 147,349 |
| ||||||||||||||
Pre-tax, pre-provision earnings |
| 27,258 |
| 29,584 |
| 26,271 |
| 83,113 |
| 29,445 |
| 32,136 |
| 30,950 |
| 29,122 |
| 121,653 |
| 26,786 |
| 29,474 |
| 32,189 |
| 20,672 |
| 109,121 |
| ||||||||||||||
Adjustments to pre-tax, pre-provision earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
| ||||||||||||||
Security gains (losses), net |
| (943 | ) | 151 |
| (217 | ) | (1,009 | ) | 540 |
| 1,531 |
| 449 |
| (110 | ) | 2,410 |
| 3,057 |
| 1,121 |
| 6,376 |
| 1,662 |
| 12,216 |
| ||||||||||||||
Gains on FDIC-assisted transactions |
| — |
| — |
| 3,289 |
| 3,289 |
| — |
| — |
| — |
| — |
| — |
| — |
| 4,303 |
| — |
| — |
| 4,303 |
| ||||||||||||||
Gains on early extinguishment of debt |
| 256 |
| — |
| — |
| 256 |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| ||||||||||||||
Gain on acquisition of deposits |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| 1,076 |
| 1,076 |
| — |
| — |
| — |
| — |
| — |
| ||||||||||||||
Losses on sales and valuation adjustments of OREO |
| (303 | ) | (2,527 | ) | (2,025 | ) | (4,855 | ) | (2,227 | ) | (3,423 | ) | (2,611 | ) | (1,425 | ) | (9,686 | ) | (7,879 | ) | (8,924 | ) | (8,265 | ) | (15,412 | ) | (40,480 | ) | ||||||||||||||
Valuation adjustments of assets held-for-sale |
| — |
| — |
| (1,255 | ) | (1,255 | ) | (310 | ) | (726 | ) | (75 | ) | — |
| (1,111 | ) | — |
| — |
| — |
| — |
| — |
| ||||||||||||||
Accelerated amortization of FDIC indemnification asset |
| — |
| — |
| (4,000 | ) | (4,000 | ) | — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| ||||||||||||||
Severance-related costs |
| (315 | ) | — |
| (840 | ) | (1,155 | ) | — |
| (191 | ) | (78 | ) | (2,000 | ) | (2,269 | ) | — |
| — |
| — |
| — |
| — |
| ||||||||||||||
Integration costs associated with FDIC-assisted transactions |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| (129 | ) | (1,772 | ) | (847 | ) | (576 | ) | (3,324 | ) | ||||||||||||||
Total adjustments |
| (1,305 | ) | (2,376 | ) | (5,048 | ) | (8,729 | ) | (1,997 | ) | (2,809 | ) | (2,315 | ) | (2,459 | ) | (9,580 | ) | (4,951 | ) | (5,272 | ) | (2,736 | ) | (14,326 | ) | (27,285 | ) | ||||||||||||||
Pre-tax, pre-provision operating earnings |
| $ | 28,563 |
| $ | 31,960 |
| $ | 31,319 |
| $ | 91,842 |
| $ | 31,442 |
| $ | 34,945 |
| $ | 33,265 |
| $ | 31,581 |
| $ | 131,233 |
| $ | 31,737 |
| $ | 34,746 |
| $ | 34,925 |
| $ | 34,998 |
| $ | 136,406 |
|
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|
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|
|
| ||||||||||||||
Risk-Based Capital Data: |
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
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| ||||||||||||||
Preferred stock |
| $ | — |
| $ | — |
| $ | — |
| $ | — |
| $ | 191,050 |
| $ | 191,220 |
| $ | 191,393 |
| $ | — |
| $ | — |
| $ | 190,392 |
| $ | 190,553 |
| $ | 190,716 |
| $ | 190,882 |
| $ | 190,882 |
|
Common stock |
| 858 |
| 858 |
| 858 |
| 858 |
| 858 |
| 858 |
| 858 |
| 858 |
| 858 |
| 858 |
| 858 |
| 858 |
| 858 |
| 858 |
| ||||||||||||||
Accumulated paid in capital |
| 413,742 |
| 414,665 |
| 417,245 |
| 417,245 |
| 422,405 |
| 424,877 |
| 425,647 |
| 428,001 |
| 428,001 |
| 434,704 |
| 435,605 |
| 436,774 |
| 437,550 |
| 437,550 |
| ||||||||||||||
Retained earnings |
| 817,630 |
| 823,250 |
| 773,976 |
| 773,976 |
| 794,395 |
| 801,723 |
| 807,334 |
| 810,487 |
| 810,487 |
| 815,395 |
| 819,890 |
| 819,157 |
| 787,678 |
| 787,678 |
| ||||||||||||||
Treasury stock |
| (248,610 | ) | (248,354 | ) | (249,396 | ) | (249,396 | ) | (260,633 | ) | (262,097 | ) | (261,909 | ) | (263,483 | ) | (263,483 | ) | (278,703 | ) | (278,591 | ) | (278,243 | ) | (277,184 | ) | (277,184 | ) | ||||||||||||||
Trust preferred securities |
| 64,265 |
| 64,265 |
| 64,265 |
| 64,265 |
| 84,730 |
| 84,730 |
| 84,730 |
| 84,730 |
| 84,730 |
| 84,730 |
| 84,730 |
| 84,730 |
| 84,730 |
| 84,730 |
| ||||||||||||||
Minority interest |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| 3 |
| 1 |
| 1 |
| — |
| — |
| ||||||||||||||
Intangible assets |
| (282,815 | ) | (281,981 | ) | (281,914 | ) | (281,914 | ) | (285,077 | ) | (284,120 | ) | (283,163 | ) | (283,650 | ) | (283,650 | ) | (280,477 | ) | (281,255 | ) | (287,173 | ) | (286,033 | ) | (286,033 | ) | ||||||||||||||
Disallowed deferred tax assets |
| (50,602 | ) | (54,178 | ) | (86,201 | ) | (86,201 | ) | (43,392 | ) | (41,363 | ) | (44,858 | ) | (52,080 | ) | (52,080 | ) | — |
| (1,761 | ) | (13,662 | ) | (41,071 | ) | (41,071 | ) | ||||||||||||||
Tier 1 capital |
| 714,468 |
| 718,525 |
| 638,833 |
| 638,833 |
| 904,336 |
| 915,828 |
| 920,032 |
| 724,863 |
| 724,863 |
| 966,902 |
| 970,030 |
| 953,158 |
| 897,410 |
| 897,410 |
| ||||||||||||||
Tier 2 capital |
| 129,330 |
| 110,938 |
| 111,102 |
| 111,102 |
| 130,033 |
| 129,595 |
| 129,277 |
| 129,098 |
| 129,098 |
| 131,114 |
| 130,949 |
| 131,564 |
| 130,351 |
| 130,351 |
| ||||||||||||||
Total capital |
| $ | 843,798 |
| $ | 829,463 |
| $ | 749,935 |
| $ | 749,935 |
| $ | 1,034,369 |
| $ | 1,045,423 |
| $ | 1,049,309 |
| $ | 853,961 |
| $ | 853,961 |
| $ | 1,098,016 |
| $ | 1,100,979 |
| $ | 1,084,722 |
| $ | 1,027,761 |
| $ | 1,027,761 |
|
Risk-adjusted assets |
| $ | 6,263,673 |
| $ | 6,409,299 |
| $ | 6,437,263 |
| $ | 6,437,263 |
| $ | 6,291,987 |
| $ | 6,261,928 |
| $ | 6,244,070 |
| $ | 6,241,191 |
| $ | 6,241,191 |
| $ | 6,372,521 |
| $ | 6,361,397 |
| $ | 6,416,082 |
| $ | 6,317,744 |
| $ | 6,317,744 |
|
Tier 1 common capital |
| 650,203 |
| 654,260 |
| 574,568 |
| 574,568 |
| 626,606 |
| 638,098 |
| 642,302 |
| 640,133 |
| 640,133 |
| 689,172 |
| 692,300 |
| 675,428 |
| 619,680 |
| 619,680 |
| ||||||||||||||
Tangible common equity |
| 689,886 |
| 696,571 |
| 651,521 |
| 651,521 |
| 645,625 |
| 664,122 |
| 675,747 |
| 678,937 |
| 678,937 |
| 670,291 |
| 681,257 |
| 679,886 |
| 633,012 |
| 633,012 |
| ||||||||||||||
Tangible common equity excluding OCI |
| 700,805 |
| 708,438 |
| 660,769 |
| 660,769 |
| 669,998 |
| 679,461 |
| 687,160 |
| 692,213 |
| 692,213 |
| 689,169 |
| 694,060 |
| 689,089 |
| 660,751 |
| 660,751 |
| ||||||||||||||
Adjusted average assets |
| 7,620,776 |
| 7,772,866 |
| 7,854,202 |
| 7,854,202 |
| 7,795,603 |
| 7,862,447 |
| 7,909,645 |
| 7,813,637 |
| 7,813,637 |
| 7,404,963 |
| 7,640,068 |
| 7,909,998 |
| 8,002,186 |
| 8,002,186 |
| ||||||||||||||
Total capital / risk-weighted assets |
| 13.47 | % | 12.94 | % | 11.65 | % | 11.65 | % | 16.44 | % | 16.69 | % | 16.80 | % | 13.68 | % | 13.68 | % | 17.23 | % | 17.31 | % | 16.91 | % | 16.27 | % | 16.27 | % | ||||||||||||||
Tier 1 capital / risk-weighted assets |
| 11.41 | % | 11.21 | % | 9.92 | % | 9.92 | % | 14.37 | % | 14.63 | % | 14.73 | % | 11.61 | % | 11.61 | % | 15.17 | % | 15.25 | % | 14.86 | % | 14.20 | % | 14.20 | % | ||||||||||||||
Leverage ratio |
| 9.38 | % | 9.24 | % | 8.13 | % | 8.13 | % | 11.60 | % | 11.65 | % | 11.63 | % | 9.28 | % | 9.28 | % | 13.06 | % | 12.70 | % | 12.05 | % | 11.21 | % | 11.21 | % | ||||||||||||||
Tier 1 common capital / risk-weighted assets |
| 10.38 | % | 10.21 | % | 8.93 | % | 8.93 | % | 9.96 | % | 10.19 | % | 10.29 | % | 10.26 | % | 10.26 | % | 10.81 | % | 10.88 | % | 10.53 | % | 9.81 | % | 9.81 | % | ||||||||||||||
Tangible common equity ratio |
| 8.95 | % | 8.91 | % | 8.26 | % | 8.26 | % | 8.33 | % | 8.47 | % | 8.35 | % | 8.83 | % | 8.83 | % | 9.17 | % | 9.05 | % | 8.41 | % | 8.06 | % | 8.06 | % | ||||||||||||||
Tangible common equity ratio, excluding OCI |
| 9.10 | % | 9.06 | % | 8.38 | % | 8.38 | % | 8.64 | % | 8.66 | % | 8.49 | % | 9.00 | % | 9.00 | % | 9.42 | % | 9.22 | % | 8.53 | % | 8.41 | % | 8.41 | % | ||||||||||||||
Tangible common equity / risk-weighted assets |
| 11.01 | % | 10.87 | % | 10.12 | % | 10.12 | % | 10.26 | % | 10.61 | % | 10.82 | % | 10.88 | % | 10.88 | % | 10.52 | % | 10.71 | % | 10.60 | % | 10.02 | % | 10.02 | % |
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| 2012 |
| 2011 |
| 2010 |
| ||||||||||||||||||||||||||||||||||||
|
| March 31 |
| June 30 |
| September 30 |
| Sept. 30/YTD |
| March 31 |
| June 30 |
| September 30 |
| December 31 |
| Dec. 31/YTD |
| March 31 |
| June 30 |
| September 30 |
| December 31 |
| Dec. 31/YTD |
| ||||||||||||||
Asset Quality Performance Data: |
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| ||||||||||||||
Ending loans, excluding covered loans |
| $ | 5,137,328 |
| $ | 5,298,026 |
| $ | 5,218,345 |
| 5,218,345 |
| $ | 5,095,543 |
| $ | 5,112,911 |
| $ | 5,104,494 |
| $ | 5,088,113 |
| 5,088,113 |
| $ | 5,195,874 |
| $ | 5,208,347 |
| $ | 5,164,666 |
| $ | 5,100,560 |
| 5,100,560 |
| |||
Average loans, excluding covered loans |
| 5,089,286 |
| 5,213,944 |
| 5,353,911 |
| 5,219,539 |
| 5,075,840 |
| 5,108,234 |
| 5,136,130 |
| 5,085,792 |
| 5,101,621 |
| 5,197,499 |
| 5,204,566 |
| 5,207,419 |
| 5,155,416 |
| 5,191,154 |
| ||||||||||||||
Non-performing loans: |
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|
|
|
|
|
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|
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|
|
|
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|
|
|
|
|
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|
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|
|
| ||||||||||||||
Commercial and industrial |
| $ | 55,158 |
| $ | 55,358 |
| $ | 31,102 |
| $ | 31,102 |
| $ | 54,561 |
| $ | 44,393 |
| $ | 30,507 |
| $ | 44,152 |
| $ | 44,152 |
| $ | 38,095 |
| $ | 39,942 |
| $ | 40,955 |
| $ | 50,088 |
| $ | 50,088 |
|
Agricultural |
| 882 |
| 1,293 |
| 1,204 |
| 1,204 |
| 1,171 |
| 1,009 |
| 2,977 |
| 1,019 |
| 1,019 |
| 2,532 |
| 1,139 |
| 3,495 |
| 2,497 |
| 2,497 |
| ||||||||||||||
Commercial real estate: |
|
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|
|
|
|
|
|
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|
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| ||||||||||||||
Office, retail, and industrial |
| 34,831 |
| 46,629 |
| 22,624 |
| 22,624 |
| 16,753 |
| 16,567 |
| 24,728 |
| 30,043 |
| 30,043 |
| 18,204 |
| 17,170 |
| 21,721 |
| 19,573 |
| 19,573 |
| ||||||||||||||
Multi-family |
| 9,615 |
| 8,843 |
| 2,028 |
| 2,028 |
| 6,787 |
| 23,385 |
| 18,196 |
| 6,487 |
| 6,487 |
| 8,349 |
| 7,904 |
| 6,813 |
| 6,203 |
| 6,203 |
| ||||||||||||||
Residential construction |
| 21,104 |
| 17,500 |
| 4,750 |
| 4,750 |
| 36,326 |
| 23,576 |
| 20,911 |
| 18,076 |
| 18,076 |
| 93,412 |
| 71,148 |
| 61,050 |
| 52,122 |
| 52,122 |
| ||||||||||||||
Commercial construction |
| 20,297 |
| 21,981 |
| 4,423 |
| 4,423 |
| 20,980 |
| 21,449 |
| 15,672 |
| 23,347 |
| 23,347 |
| 20,023 |
| 20,457 |
| 21,471 |
| 28,685 |
| 28,685 |
| ||||||||||||||
Other commercial real estate |
| 43,137 |
| 34,192 |
| 21,284 |
| 21,284 |
| 38,732 |
| 36,984 |
| 45,727 |
| 51,447 |
| 51,447 |
| 21,806 |
| 21,950 |
| 44,516 |
| 40,605 |
| 40,605 |
| ||||||||||||||
1-4 family mortgages |
| 5,648 |
| 5,466 |
| 5,901 |
| 5,901 |
| 3,362 |
| 4,577 |
| 4,648 |
| 5,322 |
| 5,322 |
| 5,826 |
| 5,706 |
| 3,310 |
| 3,902 |
| 3,902 |
| ||||||||||||||
Consumer |
| 8,873 |
| 7,246 |
| 6,263 |
| 6,263 |
| 7,891 |
| 5,555 |
| 7,823 |
| 7,432 |
| 7,432 |
| 7,826 |
| 8,273 |
| 8,035 |
| 8,107 |
| 8,107 |
| ||||||||||||||
Total non-accrual loans |
| 199,545 |
| 198,508 |
| 99,579 |
| 99,579 |
| 186,563 |
| 177,495 |
| 171,189 |
| 187,325 |
| 187,325 |
| 216,073 |
| 193,689 |
| 211,366 |
| 211,782 |
| 211,782 |
| ||||||||||||||
Loans past due 90 days and still accruing |
| 7,674 |
| 8,192 |
| 12,582 |
| 12,582 |
| 5,231 |
| 6,502 |
| 6,008 |
| 9,227 |
| 9,227 |
| 7,995 |
| 6,280 |
| 9,136 |
| 4,244 |
| 4,244 |
| ||||||||||||||
Total non-performing loans |
| 207,219 |
| 206,700 |
| 112,161 |
| 112,161 |
| 191,794 |
| 183,997 |
| 177,197 |
| 196,552 |
| 196,552 |
| 224,068 |
| 199,969 |
| 220,502 |
| 216,026 |
| 216,026 |
| ||||||||||||||
Restructured, accruing loans |
| 2,076 |
| 7,811 |
| 6,391 |
| 6,391 |
| 14,120 |
| 14,529 |
| 7,033 |
| 17,864 |
| 17,864 |
| 5,168 |
| 9,030 |
| 11,002 |
| 22,371 |
| 22,371 |
| ||||||||||||||
Other real estate owned |
| 35,276 |
| 28,309 |
| 36,487 |
| 36,487 |
| 33,863 |
| 24,407 |
| 23,863 |
| 33,975 |
| 33,975 |
| 62,565 |
| 57,023 |
| 52,044 |
| 31,069 |
| 31,069 |
| ||||||||||||||
Total non-performing assets |
| $ | 244,571 |
| $ | 242,820 |
| $ | 155,039 |
| $ | 155,039 |
| $ | 239,777 |
| $ | 222,933 |
| $ | 208,093 |
| $ | 248,391 |
| $ | 248,391 |
| $ | 291,801 |
| $ | 266,022 |
| $ | 283,548 |
| $ | 269,466 |
| $ | 269,466 |
|
Loans past due 30-89 days and still accruing |
| $ | 21,241 |
| $ | 23,597 |
| $ | 20,088 |
| $ | 20,088 |
| $ | 28,927 |
| $ | 30,424 |
| $ | 34,061 |
| $ | 27,495 |
| $ | 27,495 |
| $ | 28,018 |
| $ | 32,012 |
| $ | 41,590 |
| $ | 23,646 |
| $ | 23,646 |
|
Allowance for credit losses: |
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|
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| ||||||||||||||
Allowance for loan losses |
| $ | 116,264 |
| $ | 116,182 |
| $ | 102,445 |
| $ | 102,445 |
| $ | 142,503 |
| $ | 137,331 |
| $ | 128,791 |
| $ | 119,462 |
| $ | 119,462 |
| $ | 144,824 |
| $ | 145,027 |
| $ | 144,569 |
| $ | 142,572 |
| $ | 142,572 |
|
Reserve for unfunded commitments |
| 2,500 |
| 2,500 |
| 2,500 |
| 2,500 |
| 2,500 |
| 2,500 |
| 2,500 |
| 2,500 |
| 2,500 |
| — |
| 450 |
| 450 |
| 2,500 |
| 2,500 |
| ||||||||||||||
Total allowance for credit losses |
| $ | 118,764 |
| $ | 118,682 |
| $ | 104,945 |
| $ | 104,945 |
| $ | 145,003 |
| $ | 139,831 |
| $ | 131,291 |
| $ | 121,962 |
| $ | 121,962 |
| $ | 144,824 |
| $ | 145,477 |
| $ | 145,019 |
| $ | 145,072 |
| $ | 145,072 |
|
Provision for loan losses |
| $ | 18,210 |
| $ | 22,458 |
| $ | 111,791 |
| $ | 152,459 |
| $ | 19,492 |
| $ | 18,763 |
| $ | 20,425 |
| $ | 21,902 |
| $ | 80,582 |
| $ | 18,350 |
| $ | 21,526 |
| $ | 33,576 |
| $ | 73,897 |
| $ | 147,349 |
|
Net charge-offs by category: |
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Commercial and industrial |
| $ | 7,524 |
| $ | 5,870 |
| $ | 39,253 |
| $ | 52,647 |
| $ | 3,128 |
| $ | 5,585 |
| $ | 10,165 |
| $ | 8,910 |
| $ | 27,788 |
| $ | 4,463 |
| $ | 2,679 |
| $ | 13,262 |
| $ | 10,198 |
| $ | 30,602 |
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Agricultural |
| (50 | ) | 18 |
| 4,531 |
| 4,499 |
| 9 |
| 799 |
| 177 |
| 484 |
| 1,469 |
| 141 |
| 546 |
| 489 |
| 125 |
| 1,301 |
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Commercial real estate: |
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Office, retail, and industrial |
| 2,665 |
| 2,263 |
| 32,322 |
| 37,250 |
| 1,183 |
| 609 |
| 2,543 |
| 3,779 |
| 8,114 |
| 1,644 |
| 2,353 |
| 2,825 |
| 2,888 |
| 9,710 |
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Multi-family |
| 9 |
| 313 |
| 2,755 |
| 3,077 |
| 549 |
| 6,652 |
| 2,170 |
| 4,803 |
| 14,174 |
| 512 |
| 485 |
| 222 |
| 1,206 |
| 2,425 |
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Residential construction |
| 463 |
| 3,598 |
| 9,242 |
| 13,303 |
| 5,418 |
| 899 |
| 2,250 |
| 2,498 |
| 11,065 |
| 4,452 |
| 9,994 |
| 4,460 |
| 35,935 |
| 54,841 |
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Commercial construction |
| 170 |
| 2,616 |
| 11,037 |
| 13,823 |
| 261 |
| 133 |
| 4,115 |
| 1,673 |
| 6,182 |
| 270 |
| 115 |
| 228 |
| 7,743 |
| 8,356 |
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Other commercial real estate |
| 8,177 |
| 2,934 |
| 23,026 |
| 34,137 |
| 5,358 |
| 2,107 |
| 4,421 |
| 3,002 |
| 14,888 |
| 4,449 |
| 1,507 |
| 10,217 |
| 12,202 |
| 28,375 |
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1-4 family mortgages |
| 210 |
| 250 |
| 569 |
| 1,029 |
| 246 |
| 340 |
| 320 |
| 196 |
| 1,102 |
| 120 |
| 261 |
| 363 |
| 238 |
| 982 |
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Consumer |
| 1,966 |
| 2,244 |
| 2,351 |
| 6,561 |
| 2,317 |
| 2,703 |
| 1,780 |
| 2,199 |
| 8,999 |
| 2,283 |
| 2,282 |
| 1,979 |
| 2,374 |
| 8,918 |
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Net charge-offs, excluding covered assets |
| 21,134 |
| 20,106 |
| 125,086 |
| 166,326 |
| 18,469 |
| 19,827 |
| 27,941 |
| 27,544 |
| 93,781 |
| 18,334 |
| 20,222 |
| 34,045 |
| 72,909 |
| 145,510 |
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Charge-offs on covered assets |
| 274 |
| 2,434 |
| 442 |
| 3,150 |
| 1,092 |
| 4,108 |
| 1,024 |
| 3,687 |
| 9,911 |
| — |
| 651 |
| (11 | ) | 935 |
| 1,575 |
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Total net charge-offs |
| $ | 21,408 |
| $ | 22,540 |
| $ | 125,528 |
| $ | 169,476 |
| $ | 19,561 |
| $ | 23,935 |
| $ | 28,965 |
| $ | 31,231 |
| $ | 103,692 |
| $ | 18,334 |
| $ | 20,873 |
| $ | 34,034 |
| $ | 73,844 |
| $ | 147,085 |
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Asset Quality ratios: |
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Non-accrual loans / loans |
| 3.88 | % | 3.75 | % | 1.91 | % | 1.91 | % | 3.66 | % | 3.47 | % | 3.35 | % | 3.68 | % | 3.68 | % | 4.16 | % | 3.72 | % | 4.09 | % | 4.15 | % | 4.15 | % | ||||||||||||||
Non-performing loans / loans |
| 4.03 | % | 3.90 | % | 2.15 | % | 2.15 | % | 3.76 | % | 3.60 | % | 3.47 | % | 3.86 | % | 3.86 | % | 4.31 | % | 3.84 | % | 4.27 | % | 4.24 | % | 4.24 | % | ||||||||||||||
Non-performing assets / loans plus OREO |
| 4.73 | % | 4.56 | % | 2.95 | % | 2.95 | % | 4.67 | % | 4.34 | % | 4.06 | % | 4.85 | % | 4.85 | % | 5.55 | % | 5.05 | % | 5.44 | % | 5.25 | % | 5.25 | % | ||||||||||||||
Non-performing assets / tangible common equity plus allowance for credit losses |
| 30.24 | % | 29.78 | % | 20.50 | % | 20.50 | % | 30.33 | % | 27.73 | % | 25.78 | % | 31.01 | % | 31.01 | % | 35.80 | % | 32.18 | % | 34.37 | % | 34.63 | % | 34.63 | % | ||||||||||||||
Non-accrual loans / total assets |
| 2.50 | % | 2.45 | % | 1.22 | % | 1.22 | % | 2.32 | % | 2.18 | % | 2.04 | % | 2.35 | % | 2.35 | % | 2.85 | % | 2.48 | % | 2.53 | % | 2.60 | % | 2.60 | % | ||||||||||||||
Allowance for credit losses and net charge-off ratios: |
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Allowance for credit losses / loans |
| 2.31 | % | 2.24 | % | 2.01 | % | 2.01 | % | 2.85 | % | 2.73 | % | 2.57 | % | 2.40 | % | 2.40 | % | 2.79 | % | 2.79 | % | 2.81 | % | 2.84 | % | 2.84 | % | ||||||||||||||
Allowance for credit losses / non-accrual loans |
| 59.52 | % | 59.79 | % | 105.39 | % | 105.39 | % | 77.72 | % | 78.78 | % | 76.69 | % | 65.11 | % | 65.11 | % | 67.03 | % | 75.11 | % | 68.61 | % | 68.50 | % | 68.50 | % | ||||||||||||||
Allowance for credit losses / non-performing loans |
| 57.31 | % | 57.42 | % | 93.57 | % | 93.57 | % | 75.60 | % | 76.00 | % | 74.09 | % | 62.05 | % | 62.05 | % | 64.63 | % | 72.75 | % | 65.77 | % | 67.15 | % | 67.15 | % | ||||||||||||||
Net charge-offs to average net loans (2) |
| 1.67 | % | 1.55 | % | 9.29 | % | 4.26 | % | 1.48 | % | 1.56 | % | 2.16 | % | 2.15 | % | 1.84 | % | 1.43 | % | 1.56 | % | 2.59 | % | 5.61 | % | 2.80 | % |
Footnotes:
(1) Tax equivalent basis reflects federal and state tax benefits.
(2) Annualized based on the actual number of days for each period presented.