PrivateBancorp (PVTB) 8-K PrivateBancorp Reports Fourth Quarter and Full Year 2010 Results

Exhibit 99.1

For further information:

Media Contact:

Amy Yuhn

312-564-1378

ayuhn@theprivatebank.com

Investor Relations Contact:

Beth Coronelli

312-564-6052

bcoronelli@theprivatebank.com

For Immediate Release

PrivateBancorp Reports Fourth Quarter and Full Year 2010 Results

Financial performance improves in 2010; Fourth quarter net income increases to $0.12 per share

CHICAGO, January 25, 2011 – PrivateBancorp, Inc. (NASDAQ: PVTB) today reported net income of $8.5 million, or $0.12 per diluted share, for the fourth quarter 2010, compared to a net loss of $18.6 million, or $0.30 per diluted share, for the fourth quarter 2009. For the 12 months ended December 31, 2010, the Company had a net loss of $12.1 million, or $0.17 per diluted share, compared to a net loss of $42.5 million, or $0.95 per diluted share, for the prior year.

“Throughout 2010, we continued to reshape our business and maintained our focus on expanding new and existing client relationships,” said Larry D. Richman, President and Chief Executive Officer, PrivateBancorp, Inc. “We are managing through the challenging credit environment and have seen stabilization in certain credit quality metrics. I am pleased with our net loan growth in the third and fourth quarters, showing an ability to gain market share despite the continued low loan demand.

“Strong client deposits, enhancements in our product set, and expense management helped drive net revenue and operating performance higher during the year,” Richman continued. “I have confidence that our Company is resilient and well positioned to execute our commercial middle market strategy.”

Fourth Quarter and Full Year Results

• Non-performing assets were relatively flat at $454.6 million at year end. Non-performing loans continued to trend modestly lower, and increased other real estate owned (OREO) disposition activity during the fourth quarter kept OREO levels relatively unchanged. The allowance for loan losses was $222.8 million at year end, or 2.44 percent of total loans.

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• Net revenue increased to $136.1 million in the fourth quarter. Full year net revenue growth was 24 percent. Operating profit was consistent with the third quarter, and up 30 percent for the full year. Net interest margin was 3.36 percent for the fourth quarter, compared to 3.31 percent in the third quarter.

• Total loans of $9.1 billion at year-end remained consistent with 2009 year-end levels. There was $122.2 million of net loan growth in the fourth quarter. Total deposits of $10.5 billion were flat from third quarter 2010 and increased from $9.9 billion at year-end 2009.

Credit Quality

Credit quality trends stabilized in 2010, but continued to be impacted by the weak commercial real estate sector. There were signs of stabilizing asset values and improving liquidity in the latter half of the year. Our efforts to resolve problem assets led to $40.1 million in OREO dispositions in the fourth quarter. The commercial and industrial sector strengthened and is growing as a percentage of the Company’s total loan mix. Quarterly asset quality metrics may fluctuate due to specific account movement and timing of dispositions.

The fourth quarter 2010 provision for loan losses was $34.5 million, excluding covered loan provision, down from $69.5 million in the fourth quarter 2009 and $40.0 million in the third quarter 2010. For full year 2010, the provision for loan losses was $192.0 million, excluding covered loan provision, down from $198.9 million in the prior year. Provision expense reduction from fourth quarter levels will be largely dependent on continued stabilization of underlying commercial real estate asset values, marketplace liquidity, and slowing non-performing loan inflows. The allowance for loan losses as a percentage of total loans was 2.44 percent at December 31, 2010, compared to 2.45 percent at December 31, 2009, and 2.48 percent at September 30, 2010. The allowance for loan losses as a percentage of non-performing loans was 61 percent at year-end 2010, compared to 56 percent at year-end 2009, and 60 percent at September 30, 2010.

Net charge-offs were $35.1 million for the quarter ended December 31, 2010, compared to $40.6 million for the fourth quarter 2009 and $49.1 million for the third quarter 2010. For the year ended December 31, 2010, net charge-offs were $190.9 million, compared to $89.9 million in the prior year.

Non-performing assets totaled $454.6 million at December 31, 2010, compared to $436.9 million at December 31, 2009, and $462.1 million at September 30, 2010. Non-performing assets to total assets were 3.65 percent at December 31, 2010, compared to 3.63 percent at December 31, 2009, and 3.67 percent at September 30, 2010.

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Restructured loans accruing interest were $87.6 million at the end of fourth quarter 2010, compared to $53.4 million at the end of third quarter 2010. The Company utilizes loan restructuring to maximize economic recovery.

Credit quality results exclude $397.2 million in covered assets as of the end of the fourth quarter, referring to certain assets acquired through an FDIC-assisted transaction that are subject to a loss-sharing agreement, compared to $502.0 million in the fourth quarter 2009 and $419.9 million in the third quarter 2010.

Operating Performance

The Company reported 24 percent net revenue growth and a 30 percent increase in operating profit for the full year. Overall performance was driven by margin expansion on a year-over-year basis resulting from reduction in cost of funds and a favorable shift in the deposit mix, as well as cross-sell opportunities.

Net revenue was $136.1 million in the fourth quarter 2010, up from $114.8 million in the fourth quarter 2009 and $123.2 million in the third quarter 2010. Net revenue increased to $497.8 million for full year 2010, compared to $400.1 million in 2009. Operating profit was $53.9 million in the fourth quarter 2010, compared to $46.3 million in the fourth quarter 2009 and $55.1 million in the third quarter 2010. For the full year, operating profit increased to $198.2 million, compared to $152.7 million in 2009.

Net interest income was relatively flat at $100.3 million in the fourth quarter 2010, compared to $99.6 million for the fourth quarter 2009 and $99.0 million in the third quarter 2010. For the full year 2010, net interest income increased 23 percent to $401.0 million, from $325.0 million for full year 2009.

Net interest margin was 3.36 percent for the fourth quarter 2010, compared to 3.48 percent in the fourth quarter 2009 and 3.31 percent for the third quarter 2010. Excluding covered asset accretion, the net interest margin was 3.31 percent for the fourth quarter 2010, up from 3.13 percent in the fourth quarter 2009 and 3.28 percent in the third quarter 2010. Net interest margin continued to benefit in the fourth quarter from deposit repricing. With the continued low rate environment, further opportunities to reduce cost of funds will likely be limited in 2011.

Non-interest income was $34.9 million in the fourth quarter 2010, compared to $14.3 million in the fourth quarter 2009 and $23.4 million in the third quarter 2010. The fourth quarter 2010 results included a net securities gain of $9.3 million, compared to a $3.0 million net securities gain in the third quarter 2010. For the 12 months ended December 31, 2010, non-interest income increased to $93.2 million, up from $71.5 million for the year ended December 31, 2009.

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Non-interest income growth reflects continued success in expanding client relationships. Treasury management remained strong, increasing 5 percent from third quarter to $4.6 million and increasing 67 percent over the full year. Capital markets revenue, excluding the credit valuation adjustment, increased 26 percent in the fourth quarter, and decreased 3 percent year-over-year. Wealth management fee income also increased, up 6 percent from the third quarter to $4.6 million, and up 17 percent in 2010 over the prior year. New loan originations drove growth in loan and letter of credit fees.

Mortgage banking income rose 25 percent for the quarter and 14 percent for the full year, consistent with the broader industry trend of increased refinancing based on the low interest rate environment.

Expenses

The Company continued to employ disciplined expense management throughout 2010, although total expenses were impacted by higher workout-related credit costs and increased salary expense primarily due to incentive compensation accruals.

Non-interest expense was $82.1 million in the fourth quarter 2010, compared to $68.5 million in the fourth quarter 2009 and $68.1 million in the third quarter 2010. Non-interest expense for the full year 2010 was $299.6 million, compared to $247.4 million for the full year 2009.

Fourth quarter 2010 non-interest expense included an increase in credit and collection costs, primarily related to foreclosed property expense. Credit-related expense levels were higher in the fourth quarter than previous periods, reflecting the uneven nature of workout activity. Salary and benefit expense was higher in the fourth quarter, impacted by an increase in commission-based compensation and the adjustment during the third quarter to the annual incentive compensation accrual, which lowered third-quarter expense.

The efficiency ratio was 60.4 percent in the fourth quarter 2010, compared to 59.7 percent in the fourth quarter 2009 and 55.3 percent in the third quarter 2010.

Balance Sheet

Net loan growth was $122.2 million in the fourth quarter. Efforts to strategically reshape the portfolio resulted in a 6 percent, or $287.7 million, increase in commercial and industrial loans in the fourth quarter. Commercial real estate and construction decreased by 5 percent in the fourth quarter. Over the course of the year, commercial and industrial loans increased 14 percent and commercial real estate and construction loans decreased by 12 percent.

Total assets were $12.5 billion at December 31, 2010, compared to $12.0 billion at December 31, 2009, and $12.6 billion at September 30, 2010.

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Total loans were $9.1 billion at year-end 2010, compared to $9.0 billion at year-end 2009 and $9.0 billion at September 30, 2010. Commercial and industrial loans accounted for 54 percent of total loans, while commercial real estate and construction loans were 37 percent at year-end 2010.

Total deposits were $10.5 billion at December 31, 2010, compared to $9.9 billion at December 31, 2009, and $10.5 billion at September 30, 2010. Client deposits, representing 94 percent of total deposits, were $9.9 billion at the end of the fourth quarter 2010, compared to $9.3 billion at the end of fourth quarter 2009 and $10.1 billion at September 30, 2010. Client deposits at December 31, 2010, included $2.3 billion in non-interest bearing deposits. Brokered deposits (excluding $852.5 million in client CDARS^® deposits) were 6 percent of total deposits at year-end 2010, compared to 6 percent a year ago and 4 percent at the end of the third quarter 2010.

The Company’s investment securities portfolio was $1.9 billion at December 31, 2010, compared to $1.6 billion at December 31, 2009, and $2.1 billion at September 30, 2010. Net unrealized gains were $32.0 million, compared to $44.8 million at the end of the fourth quarter 2009 and $78.7 million at the end of the third quarter 2010. The change in net unrealized gains was primarily due to an increase in interest rates, as well as sales of securities in the fourth quarter. The securities portfolio is primarily composed of U.S. government agency backed mortgage pools, agency collateralized mortgage obligations, and investment grade municipal bonds.

Federal funds sold and other short-term investments, primarily cash on deposit with the federal reserve, were $541.3 million at the end of the fourth quarter 2010, up from $218.9 million at the end of fourth quarter 2009 and $532.6 million in the third quarter 2010.

Capital

As of December 31, 2010, the total risk-based capital ratio was 14.18 percent, the Tier 1 risk-based capital ratio was 12.06 percent, and the leverage ratio was 10.78 percent. Tier 1 common capital ratio was 7.69 percent and tangible common equity ratio was 7.10 percent at the end of the fourth quarter 2010.

Quarterly Conference Call and Webcast Presentation

PrivateBancorp will host a conference call on Tuesday, January 25, 2011, at 10 a.m. CT. The call may be accessed by telephone at (888) 782-9127 (U.S. and Canada) or (706) 634-5643 (International) and entering passcode #31405006. A live webcast of the call can be accessed on the Company website atwww.theprivatebank.com by visiting the Investor Relations tab under the About Us section. A rebroadcast will be available beginning approximately two hours after the call until midnight on February 1, 2011, by calling (800) 642-1687 (U.S. and Canada) or (706) 645-9291 (International) and entering passcode #31405006.

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About PrivateBancorp, Inc.

PrivateBancorp, Inc., through its subsidiaries, delivers customized business and personal financial services to middle-market companies, as well as business owners, executives, entrepreneurs and families in all of the markets and communities we serve. As of December 31, 2010, the Company had 34 offices in 10 states and $12.5 billion in assets. The Company website is www.theprivatebank.com.

Forward-Looking Statements

Statements contained in this press release that are not historical facts may constitute forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. The Company’s ability to predict results or the actual effect of future plans, strategies, or events is inherently uncertain. Factors which could cause actual results to differ from those reflected in forward looking statements include, but are not limited to: unforeseen credit quality problems or further deterioration in asset quality that could result in charge-offs greater than the Company has anticipated in its allowance for loan losses; the occurrence of unexpected events that adversely impact one or more large credits; further declines in commercial real estate values in the Company’s market areas, particularly in Chicago; significant increases in workout-related credit costs or slower than anticipated dispositions of other real estate owned (OREO) which may result in increased losses or carrying costs; slower than anticipated economic recovery or further deterioration in economic conditions; weakness in the commercial and industrial sector; unanticipated withdrawals of significant client deposits; unavailability in the future of sufficient or cost-effective sources of liquidity or funding; difficulty in raising capital on acceptable terms when necessary or required; loss of key personnel or an inability to recruit or attract appropriate talent; potential for significant charges if our deferred tax or goodwill assets suffer impairment; unanticipated changes in interest rates or significant tightening of credit spreads; competitive pricing pressures; uncertainty regarding implications of the Dodd-Frank Act and the rules and regulations to be adopted in connection with implementation of legislation and the Company’s ability to maintain regulatory capital at appropriate levels; other legislative, regulatory or accounting changes affecting financial services companies and/or the products and services offered by financial services companies; uncertainties related to potential costs associated with pending litigation; or failures or disruptions to the Company’s data processing or other information systems. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on our forward-looking statements. The Company assumes no obligation to update publicly any of these statements in light of future events unless required under the federal securities laws.

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Non-GAAP Measures

This press release contains both financial measures based on accounting principles generally accepted in the United States (GAAP) and non-GAAP based financial measures. The Company believes that these non-GAAP financial measures provide information useful to investors in understanding the underlying operational performance of the Company, its business, and performance trends and facilitates comparisons with the performance of others in the banking industry. If non-GAAP financial measures are used, the comparable GAAP financial measure, as well as the reconcilement to the comparable GAAP financial measure, can be found in this press release. These disclosures should not be viewed as a substitute for operating results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies.

Editor’s Note: Financial highlights attached.

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Consolidated Income Statements Unaudited (Amounts in thousands except per share data)

	Three Months Ended December 31,					Twelve Months Ended December 31,
	2010		2009			2010			2009
Interest Income
Loans, including fees	$	105,375	$	115,140		$	434,884		$	411,830
Federal funds sold and other short-term investments		366		340			1,950			1,112
Securities:
Taxable		15,453		15,672			64,316			58,663
Exempt from Federal income taxes		1,644		1,672			6,775			7,107
Total interest income		122,838		132,824			507,925			478,712
Interest Expense
Interest-bearing demand deposits		702		848			3,148			2,646
Savings deposits and money market accounts		7,437		9,022			34,431			29,635
Brokered and time deposits		7,367		13,959			36,458			79,335
Short-term borrowings		962		1,613			5,088			8,094
Long-term debt		6,023		7,820			27,843			34,018
Total interest expense		22,491		33,262			106,968			153,728
Net interest income		100,347		99,562			400,957			324,984
Provision for loan and covered loan losses		35,166		70,077			194,541			199,419
Net interest income after provision for loan and covered loan losses		65,181		29,485			206,416			125,565
Non-interest Income
Wealth management		4,574		4,081			18,140			15,459
Mortgage banking		3,479		2,243			10,187			8,930
Capital markets products		6,791		2,409			14,286			17,150
Treasury management		4,625		3,366			16,920			10,148
Bank owned life insurance		459		442			1,742			1,728
Other income, service charges, and fees		5,628		1,918			19,789			11,659
Net securities gains (losses)		9,309		(149	)		12,182			7,381
Early extinguishment of debt		—		—			—			(985	)
Total non-interest income		34,865		14,310			93,246			71,470
Non-interest Expense
Salaries and employee benefits		38,577		31,020			149,863			123,653
Net occupancy expense		7,385		7,039			29,935			26,170
Technology and related costs		2,447		3,503			10,224			10,599
Marketing		1,997		3,568			8,501			9,843
Professional services		3,020		5,562			12,931			16,327
Investment manager expenses		608		576			2,467			2,322
Net foreclosed property expenses		7,028		1,810			15,192			5,675
Supplies and printing		305		436			1,209			1,465
Postage, telephone, and delivery		1,049		855			3,659			3,060
Insurance		8,348		5,015			26,534			22,607
Amortization of intangibles		402		536			1,645			1,737
Loan and collection expense		4,029		4,526			14,623			9,617
Other expenses		6,953		4,082			22,815			14,340
Total non-interest expense		82,148		68,528			299,598			247,415
Income (loss) before income taxes		17,898		(24,733	)		64			(50,380	)
Income tax provision (benefit)		5,919		(9,556	)		(1,737	)		(20,564	)
Net income (loss)		11,979		(15,177	)		1,801			(29,816	)
Net income (loss) attributable to noncontrolling interests		67		64			284			247
Net income (loss) attributable to controlling interests		11,912		(15,241	)		1,517			(30,063	)
Preferred stock dividends and discount accretion		3,409		3,389			13,607			12,443
Net income (loss) available to common stockholders	$	8,503	$	(18,630	)	$	(12,090	)	$	(42,506	)
Per Common Share Data
Basic	$	0.12	$	(0.30	)	$	(0.17	)	$	(0.95	)
Diluted	$	0.12	$	(0.30	)	$	(0.17	)	$	(0.95	)
Common dividends per share	$	0.01	$	0.01		$	0.04		$	0.04
Weighted-average shares outstanding		70,098		61,608			70,024			44,516
Weighted-average diluted shares outstanding		70,135		61,608			70,024			44,516

Note: Due to the net loss available to common stockholders reported for the twelve months ended December 31, 2010 and the three and twelve months ended December 31, 2009, all potentially dilutive common stock equivalents were excluded from the diluted net loss per share computation as their inclusion would have been antidilutive.

Quarterly Consolidated Income Statements Unaudited (Amounts in thousands except per share data)

	4Q10		3Q10		2Q10			1Q10			4Q09
Interest Income
Loans, including fees	$	105,375	$	105,608	$	112,839		$	111,062		$	115,140
Federal funds sold and other short-term investments		366		376		664			544			340
Securities:
Taxable		15,453		16,996		16,417			15,450			15,672
Exempt from Federal income taxes		1,644		1,661		1,752			1,718			1,672
Total interest income		122,838		124,641		131,672			128,774			132,824
Interest Expense
Interest-bearing demand deposits		702		675		805			966			848
Savings deposits and money market accounts		7,437		8,512		9,368			9,114			9,022
Brokered and time deposits		7,367		8,130		9,537			11,424			13,959
Short-term borrowings		962		1,297		1,383			1,446			1,613
Long-term debt		6,023		7,068		7,247			7,505			7,820
Total interest expense		22,491		25,682		28,340			30,455			33,262
Net interest income		100,347		98,959		103,332			98,319			99,562
Provision for loan and covered loan losses		35,166		41,435		45,392			72,548			70,077
Net interest income after provision for loan and covered loan losses		65,181		57,524		57,940			25,771			29,485
Non-interest Income
Wealth management		4,574		4,306		4,836			4,424			4,081
Mortgage banking		3,479		2,790		1,797			2,121			2,243
Capital markets products		6,791		3,104		4,113			278			2,409
Treasury management		4,625		4,406		4,281			3,608			3,366
Bank owned life insurance		459		428		420			435			442
Other income, service charges, and fees		5,628		5,297		4,691			4,173			1,918
Net securities gains (losses)		9,309		3,029		(185	)		29			(149	)
Total non-interest income		34,865		23,360		19,953			15,068			14,310
Non-interest Expense
Salaries and employee benefits		38,577		34,412		37,485			39,389			31,020
Net occupancy expense		7,385		7,508		7,747			7,295			7,039
Technology and related costs		2,447		2,310		2,424			3,043			3,503
Marketing		1,997		2,039		2,363			2,102			3,568
Professional services		3,020		2,708		3,000			4,203			5,562
Investment manager expenses		608		581		643			635			576
Net foreclosed property expenses		7,028		3,075		3,686			1,403			1,810
Supplies and printing		305		292		322			290			436
Postage, telephone, and delivery		1,049		779		866			965			855
Insurance		8,348		7,113		5,654			5,419			5,015
Amortization of intangibles		402		413		415			415			536
Loan and collection expense		4,029		3,405		4,610			2,579			4,526
Other expenses		6,953		3,442		6,787			5,633			4,082
Total non-interest expense		82,148		68,077		76,002			73,371			68,528
Income (loss) before income taxes		17,898		12,807		1,891			(32,532	)		(24,733	)
Income tax provision (benefit)		5,919		4,786		(766	)		(11,676	)		(9,556	)
Net income (loss)		11,979		8,021		2,657			(20,856	)		(15,177	)
Net income (loss) attributable to noncontrolling interests		67		71		76			70			64
Net income (loss) attributable to controlling interests		11,912		7,950		2,581			(20,926	)		(15,241	)
Preferred stock dividends and discount accretion		3,409		3,405		3,399			3,394			3,389
Net income (loss) available to common stockholders	$	8,503	$	4,545	$	(818	)	$	(24,320	)	$	(18,630	)
Per Common Share Data
Basic	$	0.12	$	0.06	$	(0.01	)	$	(0.35	)	$	(0.30	)
Diluted	$	0.12	$	0.06	$	(0.01	)	$	(0.35	)	$	(0.30	)
Common dividends per share	$	0.01	$	0.01	$	0.01		$	0.01		$	0.01
Weighted-average shares outstanding		70,098		70,067		69,995			69,933			61,608
Weighted-average diluted shares outstanding		70,135		70,097		69,995			69,933			61,608

Note: Due to the net loss available to common stockholders reported for the first and second quarters 2010 and fourth quarter 2009, all potentially dilutive common stock equivalents were excluded from the diluted net loss per share computation as their inclusion would have been antidilutive.

Consolidated Balance Sheets (Dollars in thousands)

	12/31/10			09/30/10			06/30/10			03/31/10			12/31/09
	unaudited			unaudited			unaudited			unaudited			audited
Assets
Cash and due from banks	$	112,772		$	144,298		$	111,997		$	107,618		$	320,160
Fed funds sold and other short-term investments		541,316			532,637			769,803			1,146,814			218,935
Loans held for sale		30,758			44,271			20,762			16,224			28,363
Securities available-for-sale, at fair value		1,881,786			2,033,527			2,029,962			1,769,138			1,569,541
Non-marketable equity investments		23,537			25,587			33,825			29,475			29,413
Loans-excluding covered assets, net of unearned fees		9,114,357			8,992,129			8,851,439			8,898,228			9,046,625
Allowance for loan losses		(222,821	)		(223,392	)		(232,411	)		(236,851	)		(221,688	)
Loans, net of allowance for loan losses and unearned fees		8,891,536			8,768,737			8,619,028			8,661,377			8,824,937
Covered assets		397,210			419,865			434,828			468,939			502,034
Allowance for covered loan losses		(15,334	)		(12,174	)		(5,176	)		(5,176	)		(2,764	)
Covered assets, net of allowance for covered loan losses		381,876			407,691			429,652			463,763			499,270
Other real estate owned		88,728			90,944			68,693			60,755			41,497
Premises, furniture, and equipment, net		40,975			42,347			40,599			41,350			41,344
Accrued interest receivable		33,854			34,697			35,278			34,766			35,562
Investment in bank owned life insurance		49,408			48,950			48,521			48,101			47,666
Goodwill		94,621			94,633			94,646			94,658			94,671
Other intangible assets		16,840			17,242			17,655			18,070			18,485
Derivative assets		100,250			128,891			113,493			85,152			71,540
Other assets		177,364			169,513			177,126			202,975			191,200
Total assets	$	12,465,621		$	12,583,965		$	12,611,040		$	12,780,236		$	12,032,584
Liabilities
Demand deposits:
Non-interest-bearing	$	2,253,661		$	2,173,419		$	2,090,222		$	1,886,427		$	1,840,900
Interest-bearing		616,761			614,049			738,631			714,700			752,728
Savings deposits and money market accounts		4,821,823			5,039,970			5,066,653			4,691,170			4,053,975
Brokered deposits		1,450,827			1,241,366			1,236,589			1,831,306			1,566,139
Time deposits		1,392,357			1,461,668			1,437,204			1,498,322			1,678,172
Total deposits		10,535,429			10,530,472			10,569,299			10,621,925			9,891,914
Short-term borrowings		118,561			179,651			164,069			241,293			214,975
Long-term debt		414,793			439,566			473,720			498,874			533,023
Accrued interest payable		5,968			7,603			7,727			10,357			9,673
Derivative liabilities		102,018			132,594			116,599			86,873			71,958
Other liabilities		60,942			48,940			43,534			100,687			75,425
Total liabilities		11,237,711			11,338,826			11,374,948			11,560,009			10,796,968
Equity
Preferred stock		238,903			238,542			238,185			237,833			237,487
Common stock		70,972			70,657			70,630			70,500			70,444
Treasury stock		(20,054	)		(19,023	)		(19,003	)		(18,595	)		(18,489	)
Additional paid-in capital		954,977			950,721			946,981			944,095			940,338
Retained earnings		(36,999	)		(44,784	)		(48,638	)		(47,112	)		(22,093	)
Accumulated other comprehensive income, net of tax		20,078			48,776			47,758			33,403			27,896
Total stockholders’ equity		1,227,877			1,244,889			1,235,913			1,220,124			1,235,583
Noncontrolling interests		33			250			179			103			33
Total equity		1,227,910			1,245,139			1,236,092			1,220,227			1,235,616
Total liabilities and equity	$	12,465,621		$	12,583,965		$	12,611,040		$	12,780,236		$	12,032,584

Note: Certain reclassifications have been made to prior period financial statements to place them on a basis comparable with the current period financial statements.

Selected Financial Data Unaudited (Amounts in thousands except per share data)

	4Q10			3Q10			2Q10			1Q10			4Q09
Selected Statement of Income Data:
Net interest income	$	100,347		$	98,959		$	103,332		$	98,319		$	99,562
Net revenue(1) (2)	$	136,088		$	123,210		$	124,209		$	114,273		$	114,802
Operating profit(1) (2)	$	53,940		$	55,133		$	48,207		$	40,902		$	46,274
Income (loss) before taxes	$	17,898		$	12,807		$	1,891		$	(32,532	)	$	(24,733	)
Net income (loss) available to common stockholders	$	8,503		$	4,545		$	(818	)	$	(24,320	)	$	(18,630	)
Per Common Share Data:
Basic earnings (loss) per share	$	0.12		$	0.06		$	(0.01	)	$	(0.35	)	$	(0.30	)
Diluted earnings (loss) per share (3)	$	0.12		$	0.06		$	(0.01	)	$	(0.35	)	$	(0.30	)
Dividends	$	0.01		$	0.01		$	0.01		$	0.01		$	0.01
Book value (period end)(1)	$	13.87		$	14.10		$	13.98		$	13.77		$	13.99
Tangible book value (period end)(1) (2)	$	12.30		$	12.53		$	12.40		$	12.19		$	12.41
Market value (close)	$	14.38		$	11.39		$	11.08		$	13.70		$	8.97
Book value multiple		1.04	x		0.81	x		0.79	x		0.99	x		0.64	x
Share Data:
Weighted average common shares outstanding		70,098			70,067			69,995			69,933			61,608
Diluted average common shares outstanding(3)		70,135			70,097			69,995			69,933			61,608
Common shares issued (at period end)		71,979			71,964			71,978			71,877			71,869
Common shares outstanding (at period end)		71,327			71,386			71,403			71,333			71,332
Performance Ratios:
Return on average assets		0.38	%		0.25	%		0.08	%		-0.68	%		-0.50	%
Return on average common equity		3.31	%		1.77	%		-0.33	%		-9.86	%		-7.96	%
Net interest margin - tax-equivalent(1) (2)		3.36	%		3.31	%		3.41	%		3.36	%		3.48	%
Covered asset accretion contribution to net interest margin		0.05	%		0.03	%		0.28	%		0.25	%		0.35	%
Net interest margin, excluding impact of covered asset accretion		3.31	%		3.28	%		3.13	%		3.11	%		3.13	%
Fee revenue as a percent of total revenue(1)		20.30	%		17.04	%		16.31	%		13.27	%		12.68	%
Non-interest income to average assets		1.11	%		0.74	%		0.63	%		0.49	%		0.47	%
Non-interest expense to average assets		2.61	%		2.16	%		2.39	%		2.39	%		2.26	%
Net overhead ratio(1)		1.50	%		1.42	%		1.76	%		1.90	%		1.79	%
Efficiency ratio (1) (2)		60.36	%		55.25	%		61.19	%		64.21	%		59.69	%
Selected Information:
Assets under management and administration(1)	$	4,271,602		$	4,023,821		$	3,746,934		$	3,983,066		$	3,983,623
Credit valuation adjustment(1)	$	1,826		$	(830	)	$	(1,271	)	$	(1,333	)	$	796
Balance Sheet Ratios:
Loans to Deposits (period end) (4)		86.51	%		85.39	%		83.75	%		83.77	%		91.45	%
Average interest-earning assets to average interest-bearing liabilities		134.76	%		133.96	%		130.58	%		129.96	%		127.44	%
Capital Ratios (period end):
Total risk-based(1)		14.18	%		14.40	%		14.83	%		14.91	%		14.69	%
Tier 1 risk-based(1)		12.06	%		12.25	%		12.43	%		12.49	%		12.32	%
Leverage (1)		10.78	%		10.71	%		10.39	%		10.57	%		11.17	%
Tier 1 common capital(1) (2)		7.69	%		7.79	%		7.86	%		7.86	%		7.86	%
Tangible common equity to tangible assets(1) (2)		7.10	%		7.17	%		7.09	%		6.87	%		7.42	%
Total equity to total assets		9.85	%		9.89	%		9.80	%		9.55	%		10.27	%

(1) Refer to Glossary of Terms for definition.

(2) This is a non-GAAP measure, refer to Non-GAAP Measures for a reconciliation from non-GAAP to GAAP.

(3) For the first and second quarters 2010 and fourth quarters 2009, diluted shares are equal to basic shares due to the net loss. The calculation of diluted earnings per share for those periods results in anti-dilution.

(4) Excludes covered assets. Refer to Glossary of Terms for definition.

Loan Composition (excluding covered assets⁽¹⁾) (Dollars in thousands)

	12/31/10		% of Total			09/30/10		% of Total			06/30/10		% of Total			03/31/10		% of Total			12/31/09		% of Total
	unaudited					unaudited					unaudited					unaudited					audited
Commercial and industrial	$	4,015,257		44	%	$	3,850,498		43	%	$	3,564,504		40	%	$	3,504,531		39	%	$	3,572,695		40	%
Commercial - owner-occupied CRE		897,620		10	%		774,678		9	%		790,629		9	%		783,671		9	%		743,307		8	%
Total commercial		4,912,877		54	%		4,625,176		52	%		4,355,133		49	%		4,288,202		48	%		4,316,002		48	%
Commercial real estate		2,400,923		26	%		2,534,600		28	%		2,604,977		29	%		2,657,357		30	%		2,547,693		28	%
Commercial real estate - multi-family		457,246		5	%		471,989		5	%		502,708		6	%		520,186		6	%		553,473		6	%
Total commercial real estate		2,858,169		31	%		3,006,589		33	%		3,107,685		36	%		3,177,543		36	%		3,101,166		34	%
Construction		530,733		6	%		556,960		6	%		571,437		7	%		600,226		7	%		768,358		8	%
Residential real estate		319,146		4	%		324,434		4	%		309,001		3	%		316,012		4	%		319,463		4	%
Home equity		197,179		2	%		197,977		2	%		203,053		2	%		212,421		2	%		220,025		2	%
Personal		296,253		3	%		280,993		3	%		305,130		3	%		303,824		3	%		321,611		4	%
Total loans	$	9,114,357		100	%	$	8,992,129		100	%	$	8,851,439		100	%	$	8,898,228		100	%	$	9,046,625		100	%

Commercial Real Estate and Construction Loans Portfolio by Collateral Type

Unaudited

	12/31/10					09/30/10					12/31/09
	Amount		% of Total			Amount		% of Total			Amount		% of Total
Commercial Real Estate Portfolio
Land	$	311,464		11	%	$	347,368		12	%	$	398,506		13	%
Residential 1-4 family		139,689		5	%		166,587		5	%		177,711		6	%
Multi-family		457,246		16	%		471,989		16	%		553,473		18	%
Industrial/warehouse		391,694		14	%		381,940		13	%		354,575		11	%
Office		531,193		18	%		511,654		17	%		490,940		16	%
Retail		450,135		16	%		510,412		17	%		494,139		16	%
Health care		114,545		4	%		124,335		4	%		63,285		2	%
Mixed use/other		462,203		16	%		492,304		16	%		568,537		18	%
Total commercial real estate	$	2,858,169		100	%	$	3,006,589		100	%	$	3,101,166		100	%
Construction Portfolio
Land	$	46,036		9	%	$	37,077		7	%	$	91,207		12	%
Residential 1-4 family		30,698		6	%		28,726		5	%		61,854		8	%
Multi-family		77,685		15	%		92,225		17	%		131,001		17	%
Industrial/warehouse		34,703		7	%		36,100		6	%		36,455		5	%
Office		92,369		17	%		124,601		22	%		117,241		15	%
Retail		92,268		17	%		95,332		17	%		132,395		17	%
Mixed use/other		156,974		29	%		142,899		26	%		198,205		26	%
Total construction	$	530,733		100	%	$	556,960		100	%	$	768,358		100	%

(1) Refer to Glossary of Terms for definition.

Note: Certain reclassifications have been made to prior period presentation of loan portfolio composition to align loan categories to be consistent with those used for purposes of credit quality disclosures.

Asset Quality (excluding covered assets⁽¹⁾) Unaudited (Dollars in thousands)    

	4Q10			3Q10			2Q10			1Q10			4Q09
Credit Quality Key Ratios
Net charge-offs to average loans		1.54	%		2.17	%		2.24	%		2.55	%		1.80	%
Total non-performing loans to total loans		4.01	%		4.13	%		4.18	%		4.28	%		4.37	%
Total non-performing assets to total assets		3.65	%		3.67	%		3.48	%		3.46	%		3.63	%
Nonaccrual loans to:
total loans		4.01	%		4.13	%		4.18	%		4.28	%		4.37	%
total assets		2.94	%		2.95	%		2.94	%		2.98	%		3.29	%
Allowance for loan losses to:
total loans		2.44	%		2.48	%		2.63	%		2.66	%		2.45	%
non-performing loans		61	%		60	%		63	%		62	%		56	%
nonaccrual loans		61	%		60	%		63	%		62	%		56	%
Non-performing assets
Loans past due 90 days and accruing	$	—		$	—		$	—		$	—		$	—
Nonaccrual loans		365,880			371,156			370,179			381,207			395,447	��
OREO		88,728			90,944			68,693			60,755			41,497
Total non-performing assets	$	454,608		$	462,100		$	438,872		$	441,962		$	436,944
Restructured loans accruing interest(2)	$	87,576		$	53,397		$	4,030		$	3,840		$	—
Nonperforming Loans Rollforward
Beginning balance	$	371,156		$	370,179		$	381,207		$	395,447
Additions:
New nonaccrual loans		108,526			123,557			130,400			84,919
Reductions:
Return to performing status		(6,564	)		(5,969	)		(17,984	)		(12,383	)
Paydowns and payoffs, net		(18,852	)		(18,208	)		(33,733	)		(5,708	)
Net sales		(10,595	)		(3,200	)		(8,043	)		—
Transfer to OREO		(39,795	)		(44,979	)		(31,480	)		(23,996	)
Charge-offs, net		(37,996	)		(50,224	)		(50,188	)		(57,072	)
Total reductions		(113,802	)		(122,580	)		(141,428	)		(99,159	)
Balance at end of period	$	365,880		$	371,156		$	370,179		$	381,207
OREO Rollforward
Beginning balance	$	90,944		$	68,693		$	60,755		$	41,497
New foreclosed property		40,178			44,979			31,688			24,135
Valuation adjustments		(1,994	)		(1,385	)		(2,108	)		(1,101	)
Disposals:
Sales proceeds		(40,076	)		(20,277	)		(21,514	)		(3,942	)
Net (loss) gain on sale and redemption		(324	)		(1,066	)		(128	)		166
Balance at end of period	$	88,728		$	90,944		$	68,693		$	60,755
Restructured Loans Accruing Interest Rollforward (2)
Beginning balance	$	53,397		$	4,030		$	3,840		$	—
Additions:
New restructured loans accruing interest		45,582			49,404			—			3,840
Advances		1,215			—			190			—
Reductions:
Paydowns and payoffs		(181	)		(37	)		—			—
Move to nonperforming loans		(12,437	)		—			—			—
Balance at end of period	$	87,576		$	53,397		$	4,030		$	3,840

(1) Refer to Glossary of Terms for definition. Covered assets are included as a component of total assets in calculations above.

(2) The third quarter 2010 presentation of restructured loans accruing interest has been revised to reflect proper classification of a single credit.

Asset Quality (excluding covered assets⁽¹⁾) Unaudited (Dollars in thousands)

Nonaccrual Loans Stratification

	$5.0 Million or More		$3.0 to $4.9 Million		$1.5 to $2.9 Million		Under $1.5 Million		Total
As of December 31, 2010
Amount:
Commercial	$	50,300	$	8,420	$	7,861	$	15,565	$	82,146
Commercial real estate		61,718		52,856		33,912		54,238		202,724
Construction		11,733		4,434		8,383		8,853		33,403
Residential real estate		—		4,790		—		10,051		14,841
Personal and home equity		15,491		4,419		1,932		10,924		32,766
Total	$	139,242	$	74,919	$	52,088	$	99,631	$	365,880
Number of borrowers:
Commercial		4		2		3		50		59
Commercial real estate		9		13		16		92		130
Construction		2		1		4		14		21
Residential real estate		—		1		—		17		18
Personal and home equity		1		1		1		28		31
Total		16		18		24		201		259
As of September 30, 2010
Amount:
Commercial	$	54,272	$	14,663	$	2,673	$	16,192	$	87,800
Commercial real estate		83,229		45,592		37,071		48,083		213,975
Construction		5,351		7,576		11,047		9,615		33,589
Residential real estate		—		—		—		9,101		9,101
Personal and home equity		9,774		4,419		1,932		10,566		26,691
Total	$	152,626	$	72,250	$	52,723	$	93,557	$	371,156
Number of borrowers:
Commercial		4		4		1		42		51
Commercial real estate		10		12		18		87		127
Construction		1		2		5		17		25
Residential real estate		—		—		—		17		17
Personal and home equity		1		1		1		14		17
Total		16		19		25		177		237

Restructured Loans Accruing Interest Stratification

	$5.0 Million or More		$3.0 to $4.9 Million		$1.5 to $2.9 Million		Under $1.5 Million		Total
As of December 31, 2010
Amount:
Commercial	$	—	$	—	$	4,553	$	3,464	$	8,017
Commercial real estate		41,659		7,064		4,662		6,634		60,019
Construction		—		3,112		—		1,236		4,348
Residential real estate		—		—		—		798		798
Personal and home equity		13,114		—		—		1,280		14,394
Total	$	54,773	$	10,176	$	9,215	$	13,412	$	87,576
Number of borrowers:
Commercial		—		—		2		7		9
Commercial real estate		3		2		2		9		16
Construction		—		1		—		1		2
Residential real estate		—		—		—		1		1
Personal and home equity		1		—		—		1		2
Total		4		3		4		19		30
As of September 30, 2010
Amount:
Commercial	$	—	$	—	$	1,853	$	569	$	2,422
Commercial real estate		21,812		3,493		—		2,296		27,601
Personal and home equity		23,374		—		—		—		23,374
Total	$	45,186	$	3,493	$	1,853	$	2,865	$	53,397
Number of borrowers:
Commercial		—		—		1		2		3
Commercial real estate		1		1		—		3		5
Personal and home equity		1		—		—		—		1
Total		2		1		1		5		9

(1) Refer to Glossary of Terms for definition. Covered assets are included as a component of total assets in calculations above.

Loan Portfolio Aging (excluding covered assets⁽¹⁾) Unaudited (Dollars in thousands)

	Current			30-59 Days Past Due			60-89 Days Past Due			90 Days Past Due and Accruing		Restructured Loans Accruing Interest			Nonaccrual			Total Loans
As of December 31, 2010
Loan balances:
Commercial	$	4,820,931		$	1,024		$	759		$	—	$	8,017		$	82,146		$	4,912,877
Commercial real estate		2,572,816			10,264			12,346			—		60,019			202,724			2,858,169
Construction		491,087			—			1,895			—		4,348			33,403			530,733
Residential real estate		299,229			180			4,098			—		798			14,841			319,146
Personal and home equity		428,141			14,098			4,033			—		14,394			32,766			493,432
Total loans	$	8,612,204		$	25,566		$	23,131		$	—	$	87,576		$	365,880		$	9,114,357
Aging as a percent of loan balance:
Commercial		98.13	%		0.02	%		0.02	%		—		0.16	%		1.67	%		100.00	%
Commercial real estate		90.02	%		0.36	%		0.43	%		—		2.10	%		7.09	%		100.00	%
Construction		92.53	%		—			0.36	%		—		0.82	%		6.29	%		100.00	%
Residential real estate		93.76	%		0.06	%		1.28	%		—		0.25	%		4.65	%		100.00	%
Personal and home equity		86.78	%		2.86	%		0.80	%		—		2.92	%		6.64	%		100.00	%
Total loans		94.48	%		0.28	%		0.27	%		—		0.96	%		4.01	%		100.00	%

	4Q10			3Q10			2Q10			1Q10			4Q09
Nonaccrual loans:
Commercial	$	82,146		$	87,800		$	90,364		$	68,509		$	69,346
Commercial real estate		202,724			213,975			214,365			212,758			171,049
Construction		33,403			33,589			37,859			59,335			113,822
Residential real estate		14,841			9,101			9,717			16,776			14,481
Personal and home equity		32,766			26,691			17,874			23,829			26,749
Total	$	365,880		$	371,156		$	370,179		$	381,207		$	395,447
Nonaccrual loans as a percent of total loan type:
Commercial		1.67	%		1.90	%		2.07	%		1.60	%		1.61	%
Commercial real estate		7.09	%		7.12	%		6.90	%		6.70	%		5.52	%
Construction		6.29	%		6.03	%		6.63	%		9.89	%		14.81	%
Residential real estate		4.65	%		2.81	%		3.14	%		5.31	%		4.53	%
Personal and home equity		6.64	%		5.57	%		3.52	%		4.62	%		4.94	%
Total		4.01	%		4.13	%		4.18	%		4.28	%		4.37	%
Loans past due 60-89 days and still accruing:
Commercial	$	759		$	435		$	3,620		$	4,245		$	9,955
Commercial real estate		12,346			8,864			14,884			35,454			30,638
Construction		1,895			6,200			—			6,400			751
Residential real estate		4,098			2,767			1,347			170			1,654
Personal and home equity		4,033			1,104			1,147			2,112			8,595
Total	$	23,131		$	19,370		$	20,998		$	48,381		$	51,593
Loans past due 60-89 days and still accruing as a percent of total loan type:
Commercial		0.02	%		0.01	%		0.08	%		0.10	%		0.23	%
Commercial real estate		0.43	%		0.29	%		0.48	%		1.12	%		0.99	%
Construction		0.36	%		1.11	%		—			1.07	%		0.10	%
Residential real estate		1.28	%		0.85	%		0.44	%		0.05	%		0.52	%
Personal and home equity		0.80	%		0.23	%		0.23	%		0.41	%		1.59	%
Total		0.27	%		0.22	%		0.24	%		0.54	%		0.57	%
Loans past due 30-59 days and still accruing:
Commercial	$	1,024		$	2,772		$	2,741		$	11,641		$	13,427
Commercial real estate		10,264			18,869			26,073			36,740			23,983
Construction		—			3,327			258			3,252			3,391
Residential real estate		180			1,174			—			6,656			4,170
Personal and home equity		14,098			2,188			2,065			2,189			6,097
Total	$	25,566		$	28,330		$	31,137		$	60,478		$	51,068
Loans past due 30-59 days and still accruing as a percent of total loan type:
Commercial		0.02	%		0.06	%		0.06	%		0.27	%		0.31	%
Commercial real estate		0.36	%		0.63	%		0.84	%		1.16	%		0.77	%
Construction		—			0.60	%		0.05	%		0.54	%		0.44	%
Residential real estate		0.06	%		0.36	%		—			2.11	%		1.31	%
Personal and home equity		2.86	%		0.46	%		0.41	%		0.42	%		1.13	%
Total		0.28	%		0.32	%		0.35	%		0.68	%		0.56	%

(1) Refer to Glossary of Terms for definition.

Foreclosed Real Estate (OREO), excluding covered assets(1)
Unaudited
(Dollars in thousands)

OREO Properties by Type
	December 31, 2010				September 30, 2010				December 31, 2009
	Number of Properties		Amount		Number of Properties		Amount		Number of Properties		Amount
Single family home		24	$	21,534		28	$	24,479		18	$	9,538
Land parcels		320		34,122		232		17,040		229		17,856
Multi-family units		14		6,061		3		1,465		3		1,888
Office/industrial		20		26,511		16		47,460		6		11,484
Retail		1		500		1		500		3		731
Total		379	$	88,728		280	$	90,944		259	$	41,497
OREO Property Location
	Illinois		Georgia		Michigan		Missouri		Other		Total
December 31, 2010
Single family home	$	14,943	$	139	$	6,194	$	258	$	—	$	21,534
Land parcels		10,874		4,772		3,626		2,747		12,103		34,122
Multi-family units		5,166		—		895		—		—		6,061
Office/industrial		13,505		1,104		3,787		—		8,115		26,511
Retail		500		—		—		—		—		500
Total	$	44,988	$	6,015	$	14,502	$	3,005	$	20,218	$	88,728
September 30, 2010
Single family home	$	16,790	$	268	$	6,014	$	997	$	410	$	24,479
Land parcels		7,141		3,424		3,479		2,996		—		17,040
Multi-family units		570		—		895		—		—		1,465
Office/industrial		20,471		1,500		5,025		—		20,464		47,460
Retail		500		—		—		—		—		500
Total	$	45,472	$	5,192	$	15,413	$	3,993	$	20,874	$	90,944
December 31, 2009
Single family home	$	2,648	$	960	$	4,250	$	1,488	$	192	$	9,538
Land parcels		7,246		3,522		4,957		2,131		—		17,856
Multi-family units		1,888		—		—		—		—		1,888
Office/industrial		—		1,548		1,200		—		8,736		11,484
Retail		500		—		231		—		—		731
Total	$	12,282	$	6,030	$	10,638	$	3,619	$	8,928	$	41,497

(1) Refer to Glossary of Terms for definition.

Allowance for Loan Losses (excluding covered assets(1))
Unaudited
(Dollars in thousands)

	4Q10			3Q10			2Q10			1Q10			4Q09
Change in allowance for loan losses:
Balance at beginning of period	$	223,392		$	232,411		$	236,851		$	221,688		$	192,791
Loans charged off:
Commercial	$	(3,050	)	$	(2,541	)	$	(8,440	)	$	(18,129	)	$	(11,082	)
Commercial real estate		(21,909	)		(31,809	)		(24,956	)		(21,793	)		(13,120	)
Construction		(1,709	)		(4,882	)		(10,644	)		(10,264	)		(14,438	)
Residential real estate		(544	)		(1,715	)		(886	)		(1,590	)		(970	)
Home equity		(1,234	)		(736	)		(651	)		(1,087	)		(805	)
Personal		(8,602	)		(8,939	)		(6,346	)		(4,584	)		(1,086	)
Total loans charged off		(37,048	)		(50,622	)		(51,923	)		(57,447	)		(41,501	)
Recoveries:
Commercial	$	1,243		$	730		$	664		$	330		$	410
Commercial real estate		75			304			896			53			126
Construction		274			131			444			134			240
Residential real estate		12			4			11			6			12
Home equity		79			9			3			4			52
Personal		259			394			73			17			34
Total recoveries:		1,942			1,572			2,091			544			874
Total net loan charge-offs		(35,106	)		(49,050	)		(49,832	)		(56,903	)		(40,627	)
Provision		34,535			40,031			45,392			72,066			69,524
Balance at end of period	$	222,821		$	223,392		$	232,411		$	236,851		$	221,688
Allocation of allowance for loan losses:
General allocated reserve:
Commercial	$	52,100		$	50,863		$	55,408		$	55,324		$	43,350
Commercial real estate		72,850			75,701			76,193			77,698			77,223
Construction		16,000			17,048			17,869			18,479			23,581
Residential real estate		4,275			3,842			3,999			3,658			3,635
Home equity		3,475			2,312			2,552			2,664			2,862
Personal		3,150			4,910			5,602			5,909			5,277
Total general allocated	$	151,850		$	154,676		$	161,623		$	163,732		$	155,928
Specific reserve		70,971			68,716			70,788			73,119			65,760
Unallocated reserve		—			—			—			—			—
Total	$	222,821		$	223,392		$	232,411		$	236,851		$	221,688
Allocation of reserve by a percent of total allowance for loan losses:
General allocated reserve:
Commercial		23	%		23	%		24	%		23	%		20	%
Commercial real estate		33	%		34	%		33	%		33	%		35	%
Construction		7	%		8	%		8	%		8	%		10	%
Residential real estate		2	%		2	%		2	%		2	%		2	%
Home equity		2	%		1	%		1	%		1	%		1	%
Personal		1	%		2	%		2	%		2	%		2	%
Total general allocated		68	%		70	%		70	%		69	%		70	%
Specific reserve		32	%		30	%		30	%		31	%		30	%
Unallocated reserve		—			—			—			—			—
Total		100	%		100	%		100	%		100	%		100	%
Allowance for loan losses to:
total loans		2.44	%		2.48	%		2.63	%		2.66	%		2.45	%
non-performing loans		61	%		60	%		63	%		62	%		56	%
nonaccrual loans		61	%		60	%		63	%		62	%		56	%

(1) Refer to Glossary of Terms for definition.

Deposits (Dollars in thousands)

	12/31/10		% of Total			09/30/10		% of Total			06/30/10		% of Total			03/31/10		% of Total			12/31/09		% of Total
	unaudited					unaudited					unaudited					unaudited					audited
Non-interest bearing deposits	$	2,253,661		21	%	$	2,173,419		20	%	$	2,090,222		20	%	$	1,886,427		18	%	$	1,840,900		19	%
Interest-bearing deposits		616,761		6	%		614,049		6	%		738,631		7	%		714,700		7	%		752,728		7	%
Savings deposits		190,685		2	%		178,533		2	%		170,087		1	%		163,613		1	%		141,614		1	%
Money market accounts		4,631,138		44	%		4,861,437		46	%		4,896,566		46	%		4,527,557		43	%		3,912,361		40	%
Brokered deposits:
Traditional		329,107		3	%		150,183		1	%		103,774		1	%		294,346		3	%		389,590		4	%
Client CDARS (1)		852,458		8	%		828,508		8	%		1,013,115		10	%		1,129,471		10	%		979,728		10	%
Non-client CDARS (1)		269,262		3	%		262,675		3	%		119,700		1	%		407,489		4	%		196,821		2	%
Total brokered deposits		1,450,827		14	%		1,241,366		12	%		1,236,589		12	%		1,831,306		17	%		1,566,139		16	%
Time deposits		1,392,357		13	%		1,461,668		14	%		1,437,204		14	%		1,498,322		14	%		1,678,172		17	%
Total deposits	$	10,535,429		100	%	$	10,530,472		100	%	$	10,569,299		100	%	$	10,621,925		100	%	$	9,891,914		100	%
Client deposits (1)	$	9,937,060		94	%	$	10,117,614		96	%	$	10,345,825		98	%	$	9,920,090		93	%	$	9,305,503		94	%

(1) Refer to Glossary of Terms for definition.

Net Interest Margin
Unaudited
(Dollars in thousands)

	Three Months Ended December 31,
	2010								2009
	Average Balance			Interest		Rate			Average Balance			Interest		Rate
Assets:
Fed funds sold and other short-term investments	$	570,264		$	366		0.26	%	$	335,990		$	340		0.40	%
Securities:
Taxable		1,718,338			15,453		3.60	%		1,424,474			15,672		4.40	%
Tax-exempt(1)		164,241			2,520		6.14	%		159,021			2,602		6.55	%
Total securities		1,882,579			17,973		3.82	%		1,583,495			18,274		4.62	%
Loans, excluding covered assets:
Commercial		4,699,681			53,922		4.55	%		4,202,797			49,161		4.64	%
Commercial real estate		2,966,730			31,960		4.22	%		2,956,904			33,315		4.41	%
Construction		549,967			5,261		3.80	%		946,258			7,042		2.95	%
Residential		366,637			4,239		4.62	%		335,005			4,282		5.11	%
Personal and home equity		495,845			4,482		3.59	%		537,379			5,191		3.83	%
Total loans, excluding covered assets (2)		9,078,860			99,864		4.35	%		8,978,343			98,991		4.36	%
Total interest-earning assets before covered assets (1)		11,531,703			118,203		4.06	%		10,897,828			117,605		4.27	%
Covered assets(3)		387,146			5,511		5.57	%		513,038			16,149		12.34	%
		��
Total interest-earning assets (1)	$	11,918,849		$	123,714		4.11	%	$	11,410,866		$	133,754		4.63	%
Cash and due from banks		143,504								269,436
Allowance for loan and covered loan losses		(240,720	)							(190,512	)
Other assets		692,026								550,577
Total assets	$	12,513,659							$	12,040,367
Liabilities and Equity:
Interest-bearing demand deposits	$	696,877		$	702		0.40	%	$	628,760		$	848		0.54	%
Savings deposits		184,704			206		0.44	%		138,211			283		0.81	%
Money market accounts		4,812,571			7,231		0.60	%		4,024,286			8,739		0.86	%
Time deposits		1,427,904			4,954		1.38	%		1,727,566			7,384		1.70	%
Brokered deposits		1,165,207			2,413		0.82	%		1,572,292			6,575		1.66	%
Total interest-bearing deposits		8,287,263			15,506		0.74	%		8,091,115			23,829		1.17	%
Short term borrowings		124,716			962		3.02	%		306,347			1,613		2.06	%
Long term debt		432,264			6,023		5.54	%		556,126			7,820		5.58	%
Total interest-bearing liabilities		8,844,243			22,491		1.01	%		8,953,588			33,262		1.47	%
Non-interest bearing demand deposits		2,224,807								1,770,036
Other liabilities		185,437								150,476
Equity		1,259,172								1,166,267
Total liabilities and equity	$	12,513,659							$	12,040,367
Net interest spread(4)							3.10	%							3.16	%
Effect of non interest-bearing funds							0.26	%							0.32	%
Net interest income/margin(1) (4) (5)				$	101,223		3.36	%				$	100,492		3.48	%

(1) Interest income and yields are presented on a tax-equivalent basis, assuming a federal income tax rate of 35%. This is a non-GAAP measure, refer to Non-GAAP Measures for a reconciliation of the effect of the tax-equivalent adjustment.

(2) Non-accrual loans are included in the average balances. Interest foregone on these loans is estimated to be approximately $4.3 million and $4.4 million for the quarters ended December 31, 2010 and 2009, respectively, and is based on the average loan portfolio yield for the respective period.

(3) Covered interest-earning assets consist of loans acquired through an FDIC-assisted transaction that are subject to a loss share agreement and the related indemnification asset.

(4) Refer to Glossary of Terms for definition.

(5) For the quarters ended December 31, 2010 and 2009, accretion related to covered assets contributed to net interest margin by 5 and 35 basis points, respectively.

Note: Certain reclassifications have been made to prior period presentation of loan portfolio composition to align loan categories to be consistent with those used for purposes of credit quality disclosures.

Net Interest Margin
Unaudited
(Dollars in thousands)

	Three Months Ended December 31,								Three Months Ended September 30,
	2010								2010
	Average Balance			Interest		Rate			Average Balance			Interest		Rate
Assets:
Fed funds sold and other short-term investments	$	570,264		$	366		0.26	%	$	594,319		$	376		0.25	%
Securities:
Taxable		1,718,338			15,453		3.60	%		1,809,969			16,996		3.76	%
Tax-exempt(1)		164,241			2,520		6.14	%		166,252			2,552		6.14	%
Total securities		1,882,579			17,973		3.82	%		1,976,221			19,548		3.96	%
Loans, excluding covered assets:
Commercial		4,699,681			53,922		4.55	%		4,426,851			51,835		4.65	%
Commercial real estate		2,966,730			31,960		4.22	%		3,096,387			33,777		4.27	%
Construction		549,967			5,261		3.80	%		580,692			5,551		3.79	%
Residential		366,637			4,239		4.62	%		352,179			4,205		4.78	%
Personal and home equity		495,845			4,482		3.59	%		501,825			4,850		3.83	%
Total loans, excluding covered assets (2)		9,078,860			99,864		4.35	%		8,957,934			100,218		4.42	%
Total interest-earning assets before covered assets (1)		11,531,703			118,203		4.06	%		11,528,474			120,142		4.13	%
Covered assets(3)		387,146			5,511		5.57	%		410,431			5,390		5.15	%
Total interest-earning assets (1)	$	11,918,849		$	123,714		4.11	%	$	11,938,905		$	125,532		4.16	%
Cash and due from banks		143,504								133,126
Allowance for loan and covered loan losses		(240,720	)							(245,204	)
Other assets		692,026								694,956
Total assets	$	12,513,659							$	12,521,783
Liabilities and Equity:
Interest-bearing demand deposits	$	696,877		$	702		0.40	%	$	655,028		$	675		0.41	%
Savings deposits		184,704			206		0.44	%		176,308			216		0.49	%
Money market accounts		4,812,571			7,231		0.60	%		4,889,762			8,296		0.67	%
Time deposits		1,427,904			4,954		1.38	%		1,463,500			5,482		1.49	%
Brokered deposits		1,165,207			2,413		0.82	%		1,095,932			2,648		0.96	%
Total interest-bearing deposits		8,287,263			15,506		0.74	%		8,280,530			17,317		0.83	%
Short term borrowings		124,716			962		3.02	%		163,626			1,297		3.10	%
Long term debt		432,264			6,023		5.54	%		468,425			7,068		6.00	%
Total interest-bearing liabilities		8,844,243			22,491		1.01	%		8,912,581			25,682		1.14	%
Non-interest bearing demand deposits		2,224,807								2,164,147
Other liabilities		185,437								187,570
Equity		1,259,172								1,257,485
Total liabilities and equity	$	12,513,659							$	12,521,783
Net interest spread(4)							3.10	%							3.02	%
Effect of non interest-bearing funds							0.26	%							0.29	%
Net interest income/margin(1) (4) (5)				$	101,223		3.36	%				$	99,850		3.31	%

(1) Interest income and yields are presented on a tax-equivalent basis, assuming a federal income tax rate of 35%. This is a non-GAAP measure, refer to Non-GAAP Measures for a reconciliation of the effect of the tax-equivalent adjustment.

(2) Non-accrual loans are included in the average balances. Interest foregone on these loans is estimated to be approximately $4.3 million and $4.2 million for the quarters ended December 31 and September 30, 2010, respectively, and is based on the average loan portfolio yield for the respective period.

(3) Covered interest-earning assets consist of loans acquired through an FDIC-assisted transaction that are subject to a loss share agreement and the related indemnification asset.

(4) Refer to Glossary of Terms for definition.

(5) For the quarters ended December 31 and September 30, 2010, accretion related to covered assets contributed to net interest margin by 5 and 3 basis points, respectively.

Note: Certain reclassifications have been made to prior period presentation of loan portfolio composition to align loan categories to be consistent with those used for purposes of credit quality disclosures.

Net Interest Margin
Unaudited
(Dollars in thousands)

	Year Ended December 31,
	2010								2009
	Average Balance			Interest		Rate			Average Balance			Interest		Rate
Assets:
Fed funds sold and other short-term investments	$	733,841		$	1,950		0.27	%	$	205,104		$	1,112		0.54	%
Securities:
Taxable		1,654,885			64,316		3.89	%		1,293,857			58,663		4.53	%
Tax-exempt(1)		165,535			10,352		6.25	%		163,375			10,719		6.56	%
Total securities		1,820,420			74,668		4.10	%		1,457,232			69,382		4.76	%
Loans, excluding covered assets:
Commercial		4,442,350			206,013		4.64	%		4,032,551			182,390		4.52	%
Commercial real estate		3,080,086			133,903		4.35	%		2,914,125			133,544		4.58	%
Construction		620,937			22,047		3.55	%		889,226			30,012		3.38	%
Residential		349,494			16,546		4.73	%		463,493			18,170		3.92	%
Personal and home equity		508,274			19,163		3.77	%		516,850			19,995		3.87	%
Total loans, excluding covered assets (2)		9,001,141			397,672		4.42	%		8,816,245			384,111		4.36	%
Total interest-earning assets before covered assets (1)		11,555,402			474,290		4.10	%		10,478,581			454,605		4.34	%
Covered assets(3)		422,962			37,212		8.80	%		261,538			27,719		10.60	%
Total interest-earning assets (1)	$	11,978,364		$	511,502		4.27	%	$	10,740,119		$	482,324		4.49	%
Cash and due from banks		152,346								161,513
Allowance for loan and covered loan losses		(244,484	)							(145,187	)
Other assets		669,219								463,579
Total assets	$	12,555,445							$	11,220,024
Liabilities and Equity:
Interest-bearing demand deposits	$	699,598		$	3,148		0.45	%	$	492,466		$	2,646		0.54	%
Savings deposits		170,268			948		0.56	%		76,785			598		0.78	%
Money market accounts		4,690,019			33,483		0.71	%		3,391,521			29,037		0.86	%
Time deposits		1,499,713			22,387		1.49	%		1,657,781			35,397		2.14	%
Brokered deposits		1,341,254			14,071		1.05	%		1,820,613			43,938		2.41	%
Total interest-bearing deposits		8,400,852			74,037		0.88	%		7,439,166			111,616		1.50	%
Short term borrowings		180,439			5,088		2.82	%		673,071			8,094		1.20	%
Long term debt		476,400			27,843		5.84	%		611,866			34,018		5.56	%
Total interest-bearing liabilities		9,057,691			106,968		1.18	%		8,724,103			153,728		1.76	%
Non-interest bearing demand deposits		2,083,874								1,236,053
Other liabilities		166,742								111,826
Equity		1,247,138								1,148,042
Total liabilities and equity	$	12,555,445							$	11,220,024
Net interest spread(4)							3.09	%							2.73	%
Effect of non interest-bearing funds							0.29	%							0.33	%
Net interest income/margin(1) (4) (5)				$	404,534		3.38	%				$	328,596		3.06	%

(1) Interest income and yields are presented on a tax-equivalent basis, assuming a federal income tax rate of 35%. This is a non-GAAP measure, refer to Non-GAAP Measures for a reconciliation of the effect of the tax-equivalent adjustment.

(2) Non-accrual loans are included in the average balances. Interest foregone on these loans is estimated to be approximately $17.7 million and $10.7 million for the years ended December 31, 2010 and 2009, respectively, and is based on the average loan portfolio yield for the respective year

(3) Covered interest-earning assets consist of loans acquired through an FDIC-assisted transaction that are subject to a loss share agreement and the related indemnification asset.

(4) Refer to Glossary of Terms for definition.

(5) For the years ended December 31, 2010 and 2009, accretion related to covered assets contributed to net interest margin by 15 and 13 basis points, respectively.

Note: Certain reclassifications have been made to prior period presentation of loan portfolio composition to align loan categories to be consistent with those used for purposes of credit quality disclosures.

Non-GAAP Measures Unaudited (Amounts in thousands except per share data)

This press release contains both financial measures based on accounting principles generally accepted in the United States (GAAP) and non-GAAP based financial measures. These non-GAAP measures include net interest income, net interest margin, net revenue, operating profit and efficiency ratio all on a fully taxable-equivalent basis; tier 1 common capital, tangible book value, and tangible common equity to tangible assets. We believe that presenting these non-GAAP financial measures will provide information useful to investors in understanding our underlying operational performance, our business, and performance trends and facilitates comparisons with the performance of others in the banking industry.

We use net interest income on a taxable-equivalent basis in calculating various performance measures by increasing the interest income earned on tax-exempt assets to make it fully equivalent to interest income earned on taxable investments assuming a 35% tax rate. Management believes this measure to be the preferred industry measurement of net interest income as it enhances comparability to net interest income arising from taxable and tax-exempt sources, and accordingly believes that providing this measure may be useful for peer comparison purposes.

We also consider various measures when evaluating capital utilization and adequacy, including tier 1 common capital, tangible book value, and tangible common equity ratio, in addition to capital ratios defined by banking regulators. These calculations are intended to complement the capital ratios defined by banking regulators for both absolute and comparative purposes. Certain of these measures exclude the ending balances of goodwill and other intangibles and/or preferred capital components. Because GAAP does not include capital ratio measures, we believe there are no comparable GAAP financial measures to these ratios. We believe these non-GAAP measures are relevant because they reflect the level of capital available to withstand unexpected market conditions. Additionally, presentation of these measures allows readers to compare certain aspects of our capitalization to other companies. However, because there are no standardized definitions for these ratios, our calculations may not be comparable with other companies, and the usefulness of these measures to investors may be limited.

Non-GAAP financial measures have inherent limitations, are not required to be uniformly applied, and are not audited. Although these non-GAAP financial measures are frequently used by stakeholders in the evaluation of a company, they have limitations as analytical tools, and should not be considered in isolation or as a substitute for analyses of results as reported under GAAP. As a result, we encourage readers to consider our Consolidated Financial Statements in their entirety and not to rely on any single financial measure. The following table reconciles Non-GAAP financial measures to GAAP:

	Quarters Ending
	4Q10			3Q10			2Q10			1Q10			4Q09
Taxable-equivalent interest income
GAAP net interest income	$	100,347		$	98,959		$	103,332		$	98,319		$	99,562
Taxable-equivalent adjustment		876			891			924			886			930
Taxable-equivalent net interest income(a)	$	101,223		$	99,850		$	104,256		$	99,205		$	100,492
Average Earning Assets(b)	$	11,918,849		$	11,938,905		$	12,182,872		$	11,889,538		$	11,410,866
Net Interest Margin((a) annualized) / (b)		3.36	%		3.31	%		3.41	%		3.36	%		3.48	%
Net Revenue
Taxable-equivalent net interest income(a)	$	101,223		$	99,850		$	104,256		$	99,205		$	100,492
GAAP non-interest income		34,865			23,360			19,953			15,068			14,310
Net revenue	$	136,088		$	123,210		$	124,209		$	114,273		$	114,802
Operating Profit
Taxable-equivalent net interest income(a)	$	101,223		$	99,850		$	104,256		$	99,205		$	100,492
GAAP non-interest income		34,865			23,360			19,953			15,068			14,310
Less: GAAP non-interest expense		82,148			68,077			76,002			73,371			68,528
Operating profit	$	53,940		$	55,133		$	48,207		$	40,902		$	46,274
Efficiency Ratio
GAAP non-interest expense(c)	$	82,148		$	68,077		$	76,002		$	73,371		$	68,528
Taxable-equivalent net interest income(a)	$	101,223		$	99,850		$	104,256		$	99,205		$	100,492
GAAP non-interest income		34,865			23,360			19,953			15,068			14,310
Net revenue(d)	$	136,088		$	123,210		$	124,209		$	114,273		$	114,802
Efficiency ratio(c) /(d)		60.36	%		55.25	%		61.19	%		64.21	%		59.69	%

Non-GAAP Measures (continued) Unaudited (Amounts in thousands except per share data)

	Years Ending December 31,
	2010			2009
Taxable-equivalent interest income
GAAP net interest income	$	400,957		$	324,984
Taxable-equivalent adjustment		3,577			3,612
Taxable-equivalent net interest income(a)	$	404,534		$	328,596
Average Earning Assets(b)	$	11,978,364		$	10,740,119
Net Interest Margin((a) annualized) / (b)		3.38	%		3.06	%
Net Revenue
Taxable-equivalent net interest income(a)	$	404,534		$	328,596
GAAP non-interest income		93,246			71,470
Net revenue	$	497,780		$	400,066
Operating Profit
Taxable-equivalent net interest income(a)	$	404,534		$	328,596
GAAP non-interest income		93,246			71,470
Less: GAAP non-interest expense		299,598			247,415
Operating profit	$	198,182		$	152,651
Efficiency Ratio
GAAP non-interest expense(c)	$	299,598		$	247,415
Taxable-equivalent net interest income(a)	$	404,534		$	328,596
GAAP non-interest income		93,246			71,470
Net revenue(d)	$	497,780		$	400,066
Efficiency ratio(c) /(d)		60.19	%		61.84	%
	Quarters Ending
	4Q10			3Q10			2Q10			1Q10			4Q09
Tier 1 Common Capital
GAAP total equity	$	1,227,910		$	1,245,139		$	1,236,092		$	1,220,227		$	1,235,616
Trust preferred securities		244,793			244,793			244,793			244,793			244,793
Less: unrealized gains on available-for-sale securities		20,078			48,776			47,758			33,403			27,896
Less: disallowed deferred tax assets		5,377			—			6,360			17,267			7,619
Less: goodwill		94,621			94,633			94,646			94,658			94,671
Less: other intangibles		16,840			17,242			17,655			18,070			18,485
Tier 1 risk-based capital		1,335,787			1,329,281			1,314,466			1,301,622			1,331,738
Less: preferred stock		238,903			238,542			238,185			237,833			237,487
Less: trust preferred securities		244,793			244,793			244,793			244,793			244,793
Less: noncontrolling interests		33			250			179			103			33
Tier 1 common capital(e)	$	852,058		$	845,696		$	831,309		$	818,893		$	849,425
Tangible Common Equity
GAAP total equity	$	1,227,910		$	1,245,139		$	1,236,092		$	1,220,227		$	1,235,616
Less: goodwill		94,621			94,633			94,646			94,658			94,671
Less: other intangibles		16,840			17,242			17,655			18,070			18,485
Less: preferred stock		238,903			238,542			238,185			237,833			237,487
Tangible common equity(f)	$	877,546		$	894,722		$	885,606		$	869,666		$	884,973
Tangible Assets
GAAP total assets	$	12,465,621		$	12,583,965		$	12,611,040		$	12,780,236		$	12,032,584
Less: goodwill		94,621			94,633			94,646			94,658			94,671
Less: other intangibles		16,840			17,242			17,655			18,070			18,485
Tangible assets(g)	$	12,354,160		$	12,472,090		$	12,498,739		$	12,667,508		$	11,919,428
Period-end Shares Outstanding(h)		71,327			71,386			71,403			71,333			71,332
Risk-weighted Assets(i)	$	11,080,051		$	10,850,399		$	10,467,182		$	10,417,704		$	10,812,856
Ratios:
Tier 1 common capital(e) / (i)		7.69	%		7.79	%		7.94	%		7.86	%		7.86	%
Tangible book value(f) / (h)	$	12.30		$	12.53		$	12.40		$	12.19		$	12.41
Tangible common equity to tangible assets(f) / (g)		7.10	%		7.17	%		7.09	%		6.87	%		7.42	%

Glossary of Terms

Assets under management and administration (“AUMA”) - Assets held in trust where we serve as trustee or in accounts where we make investment decisions on behalf of clients. AUMA also includes non-managed assets we hold in custody for clients or for which we receive fees for advisory or brokerage services. We do not include these assets on our Consolidated Balance Sheets.

Book value - Total common equity divided by outstanding shares of common stock at end of period.

CDARS^® deposit program - is a deposit services arrangement that effectively achieves FDIC deposit insurance for jumbo deposit relationships. These deposits are classified as brokered deposits for regulatory deposit purposes; however, we classify these deposits as client CDARS^® due to the source being our existing and new client relationships and are, therefore, not traditional ‘brokered’ deposits. We also participate in a non-client CDARS^® program that is more like a traditional brokered deposit program in that our relationship is with the underlying depositor.

Client deposits - Total deposits less brokered deposits plus client CDARS^TM

Common equity - Total equity less preferred stock.

Covered assets - Assets acquired through an FDIC-assisted transaction that are subject to a loss share agreement and are presented separately on the Consolidated Balance Sheets.

Credit valuation adjustment (“CVA”) - An adjustment may need to be incorporated into the valuation of derivative instruments for nonperformance risk to include the counterparty’s credit risk and the Company’s own credit risk. This adjustment is referred to as the CVA. The CVA represents the credit component of fair value with regard to both client-based trades and the related matched trades with interbank dealer counterparties.

Efficiency ratio - Total non-interest expense divided by the sum of net interest income on a tax equivalent basis and non-interest income. This is a non-GAAP financial measure.

Fee revenue as percent of total revenue ratio - Total non-interest income less acquisition related gains, net securities gains (losses), and early extinguishment of debt divided by the sum of net interest income and non-interest income less acquisition related gains, net securities gains (losses) and early extinguishment of debt.

GAAP - Accounting principles generally accepted in the United States of America.

Net interest margin - Expressed as a percentage, net interest margin is a ratio computed as annualized taxable-equivalent net interest income divided by average earning assets. This is a non-GAAP financial measure.

Net interest spread - The difference between the average yield earned on interest-earning assets on a taxable-equivalent basis and the average rate paid for interest-bearing liabilities.

Net overhead ratio - Total non-interest expense less non-interest income divided by average total assets.

Net revenue - The sum of taxable equivalent net interest income and non-interest income. This is a non-GAAP financial measure.

Non-GAAP - Certain financial measures within this document that are not formally defined by GAAP or codified in the federal banking regulations. A reconciliation of these non-GAAP measures may be found on the previous page.

Operating profit - The sum of taxable equivalent net interest income and non-interest income, less non-interest expense. This is a non-GAAP financial measure.

Risk-weighted assets - Computed by the assignment of specific risk-weights (as defined by the Board of Governors of the Federal Reserve System) to assets and off-balance sheet instruments.

Tangible book value - Total common equity less goodwill and other intangibles divided by outstanding shares of common stock at end of period. This is a non-GAAP financial measure.

Tangible common equity to tangible assets ratio - Tangible common equity divided by tangible assets, where tangible common equity equals total equity less preferred stock, goodwill and other intangible assets and tangible assets equals total assets less goodwill and other intangible assets. This is a non-GAAP financial measure.

Taxable-equivalent interest income - The interest income earned on certain assets is completely or partially exempt from Federal income tax. As such, these tax-exempt instruments typically yield lower returns than taxable investments. To provide more meaningful comparisons of yields and margins for all interest-earning assets, we use interest income on a taxable-equivalent basis in calculating average yields and net interest margins by increasing the interest income earned on tax-exempt assets to make it fully equivalent to interest income earned on other taxable investments. This adjustment is not permitted under GAAP on the Consolidated Income Statement.

Tier 1 common capital - Tier 1 risk-based capital, less preferred equity, less trust preferred capital securities, and less noncontrolling interests.

Tier 1 common capital ratio - Tier 1 common capital divided by period-end risk-weighted assets.

Tier 1 risk-based capital - Total equity, plus trust preferred capital securities, plus certain noncontrolling interests that are held by others; less goodwill and certain other intangible assets, less equity investments in nonfinancial companies, less ineligible servicing assets, less disallowed deferred tax assets and less net unrealized holding losses on available for sale equity securities. Net unrealized holding gains on available-for-sale equity securities, net unrealized holding gains (losses) on available for sale debt securities and net unrealized holding gains (losses) on cash flow hedge derivatives are excluded from total equity for Tier 1 capital purposes.

Tier 1 risk-based capital ratio - Tier 1 risk-based capital divided by period-end risk-weighted assets.

Leverage ratio - Tier 1 risk-based capital divided by adjusted average total assets.

Total risk-based capital - Tier 1 risk-based capital plus qualifying subordinated debt, other noncontrolling interest not qualified as Tier 1, eligible gains on available-for-sale equity securities and the allowance for loan and lease losses, subject to certain limitations.

Total risk-based capital ratio - Total risk-based capital divided by period-end risk-weighted assets.