PrivateBancorp (PVTB) 8-K PrivateBancorp Reports Record First Quarter Earnings

Exhibit 99.1

For further information:

Media Contact:

Amy Yuhn

312-564-1378

ayuhn@theprivatebank.com

Investor Relations Contact:

Sarah Lewensohn

312-564-3894

slewensohn@theprivatebank.com

FOR IMMEDIATE RELEASE

PrivateBancorp Reports Record First Quarter Earnings

• Earnings per share up 35 percent from fourth quarter 2012 and more than double first quarter 2012 results

• Operating profit increased 3 percent from fourth quarter 2012 and 6 percent from first quarter 2012

• Continued improvement in credit quality led to lower provision expense

CHICAGO, April 18, 2013 – PrivateBancorp, Inc. (NASDAQ: PVTB) today reported net income available to common shareholders of $27.3 million, or $0.35 per diluted share, for the first quarter 2013, compared to $10.8 million or $0.15 per diluted share for the first quarter 2012, and $20.0 million or $0.26 per diluted share for the fourth quarter 2012.

“Our first quarter results reflect the momentum we have gained as we execute our commercial middle market strategy,” said Larry D. Richman, President and Chief Executive Officer, PrivateBancorp, Inc. “Net income was up 36 percent from fourth quarter and more than doubled from first quarter 2012 largely on reduced credit costs. Despite continued modest loan demand in a competitive market, we have maintained net interest income due to our ability to build client relationships. Non-interest income increased 11 percent year over year, contributing to strong first quarter results.

“Following robust loan growth in the previous quarter, we saw loan balances decrease in the first quarter due in part to planned and opportunistic syndications and repayments,” Richman continued. “Business clients are generally remaining cautious in this slowly recovering Midwest economy. We have teams poised to capitalize on opportunities to develop new business. Based upon our current pipeline of pending transactions and new prospects, I am expecting stronger loan activity in the second quarter as we maintain our selectivity and discipline.”

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First Quarter 2013 Highlights

Comparison to fourth quarter 2012

• Net income was $27.3 million, up 36 percent from the previous quarter, benefiting from reductions in loan loss provision, net foreclosed property expense and employee expense.

• Net interest income of $103.0 million was down slightly from $104.8 million in the previous quarter. A 2 percent increase in average loan balances partially offset lower loan and investment yields.

• Total loans were $10.0 billion at March 31, 2013, a 1 percent decline from year-end, reflecting lower originations in the early part of the first quarter along with increased syndication activity and paydowns of loans, many associated with loans funded late in the fourth quarter 2012.

• Total deposits were $11.4 billion, a 6 percent decline from year-end 2012, which reduced excess liquidity. Deposits had increased 7 percent as of December 31, 2012 from $11.4 billion at September 30, 2012.

• Asset quality continued to improve with non-performing assets declining 8 percent from last quarter. Non-performing assets to total assets was 1.51 percent at March 31, 2013, compared to 1.57 percent at December 31, 2012.

Comparison to first quarter 2012

• Net income was $27.3 million, an increase of more than 150 percent from the first quarter 2012 net income available to common stockholders, as a result of lower loan loss provision and net foreclosed property expense, and growth in non-interest income.

• Non-interest income of $30.5 million increased 11 percent year over year largely from increased mortgage banking and syndication fees revenue.

• Total loans grew 9 percent over the year to $10.0 billion at March 31, 2013.

Operating Performance

Net revenue was $134.3 million in the first quarter 2013, compared to $132.6 million in the first quarter 2012 and $135.0 million in the fourth quarter 2012. Operating profit was $55.3 million in the first quarter 2013, compared to $52.3 million in the first quarter 2012 and $53.7 million in the fourth quarter 2012. A 3 percent increase in non-interest income and a 3 percent decline in non-interest expense resulted in higher first quarter operating profit than recorded in the previous quarter.

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Net interest income was $103.0 million in the first quarter 2013, compared to $104.4 million for the first quarter 2012 and $104.8 million in the fourth quarter 2012. Net interest income was impacted by the reduction in yields from both investments and loans and an increase in average loan balances. Average total loans were $10.2 billion for the first quarter 2013, an increase of $236 million, or 2 percent, from the fourth quarter 2012, and an increase of $1.1 billion over the prior year. The Company issued $125 million of subordinated debt in October 2012, adding long-term debt interest expense that was not incurred in the first quarter 2012.

Net interest margin was 3.19 percent in the first quarter 2013, compared to 3.53 percent in the first quarter 2012 and 3.16 percent in the fourth quarter 2012. Net interest margin benefited from lower liquidity balances and lower cost of interest bearing funds, but was also impacted by a decline in loan and investment yields and lower non-interest bearing deposits during the quarter.

Non-interest income was $30.5 million in the first quarter 2013, compared to $27.5 million in the first quarter 2012 and $29.5 million in the fourth quarter 2012. First quarter 2013 capital markets revenue of $5.0 million declined from $6.7 million, and included a positive credit valuation adjustment of $246,000 as compared to a positive credit valuation adjustment of $854,000 in the fourth quarter 2012. During the quarter, capital markets revenue declined largely due to lower loan origination activity and clients’ outlook on interest rate volatility. Syndication revenue grew 72 percent to $3.8 million from the previous quarter as the Company completed a number of transactions, many associated with a number of loans that funded late in the fourth quarter 2012. First quarter 2013 other income included a $1.1 million gain on loan sale. Loan, letter of credit and commitment fees were $4.1 million, a decline of $594,000 from the previous quarter due to lower origination activity. As compared to the previous quarter, treasury management grew 6 percent to $5.9 million and trust and investments income grew 4 percent to $4.4 million, both benefitting from cross-sell to an expanded base of new and existing clients. Mortgage revenue of $4.2 million was consistent with the prior quarter, reflecting steady demand for refinancings.

Expenses

Non-interest expense was $79.0 million in the first quarter 2013, compared to $80.2 million in the first quarter 2012 and $81.3 million in the fourth quarter 2012. Non-interest expense in the first quarter 2013 reflected a decline in net foreclosed property expenses, salaries and employee benefits expenses and insurance expenses as compared to the fourth quarter 2012, partially offset by a $1.7 million provision for unfunded commitments. Net foreclosed property expense decreased by $2.9 million, or 31 percent, to $6.6 million from the previous quarter, primarily due to reduced charges from loss on sales, valuation adjustments and a decline of ownership costs related to other owned real estate (“OREO”). Net foreclosed property expense remains elevated and may fluctuate from quarter to quarter. Despite seasonally higher payroll taxes, which were $3.1 million greater than the fourth quarter 2012, salaries and benefits expense declined in the first quarter. Salaries and benefits expense benefited from a $2.8 million reduction in share-based compensation that was primarily due to the final vesting of equity awards granted in 2007 and 2008, and a decline in incentive based compensation costs from amounts recorded in the fourth quarter 2012. Insurance expense in the quarter reflected a $700,000 refund of previously paid FDIC assessments. The efficiency ratio for the first quarter 2013 was 58.8 percent, compared to 60.5 percent for first quarter 2012, and 60.2 percent for the fourth quarter 2012.

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The effective tax rate declined to 38 percent for the first quarter 2013, compared to 42 percent for the previous quarter, due to increased tax benefits resulting from the repayment of TARP and the final vesting in the fourth quarter 2012 of equity awards granted in 2007 and 2008.

Credit Quality

The allowance for loan losses at March 31, 2013, was 1.53 percent of total loans, down from 1.99 percent at March 31, 2012, and 1.59 percent at December 31, 2012. The allowance for loan losses as a percentage of non-performing loans was 120 percent at March 31, 2013, compared to 79 percent at March 31, 2012, and 116 percent at December 31, 2012. The allowance for loan losses was $154.0 million at March 31, 2013, a decline from $161.4 million at December 31, 2012, primarily due to a 14 percent reduction in the amount of specific reserves from a decrease of the impaired loan population and a modest decline in the general allocated reserve. Net charge-offs of $17.6 million were relatively flat compared to the fourth quarter 2012. For the first quarter 2013, provision for loan loss was $10.1 million, a decline of 19 percent from the previous quarter.

Non-performing loans were $129 million, a 45 percent decline from the first quarter 2012 and a 7 percent decline from the fourth quarter 2012. Special mention and potential problem loans declined 44 percent from the first quarter 2012 and 10 percent from the fourth quarter 2012. Non-performing assets to total assets were 1.51 percent at March 31, 2013, compared to 2.83 percent at March 31, 2012 and 1.57 percent at December 31, 2012. The Company disposed of $28.0 million in problem loans and OREO in the first quarter 2013. In the near term, the Company expects continued progress in reducing non-performing assets through the execution of workout programs and the disposition of problem assets.

Credit quality results exclude covered assets acquired through an FDIC-assisted transaction that are subject to a loss-sharing agreement.

Balance Sheet

Total assets were $13.4 billion at March 31, 2013, compared to $14.1 billion at December 31, 2012. Total loans were $10.0 billion at March 31, 2013, down slightly from $10.1 billion at December 31, 2012. During the first quarter 2013, commercial and industrial loans grew 1 percent while commercial real estate loans declined 6 percent from the previous quarter.

Total deposits were $11.4 billion at March 31, 2013, compared to $12.2 billion at December 31, 2012. The decrease in total deposits was primarily driven by a 25 percent decline in non-interest bearing demand deposits. A number of factors contributed to the decrease in demand deposits including movement to interest bearing products, expiration of the unlimited guarantee, and client usage. At March 31, 2013, non-interest bearing deposits comprised 24 percent of total deposits, and the loan to deposit ratio was 88.08 percent.

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The balance sheet at March 31, 2013 included long-term debt of $499.8 million, compared to $379.8 million at March 31, 2012, reflecting $125 million of subordinated debt issued by the Company to refinance a portion of the TARP preferred stock redemption in fourth quarter 2012. The Company’s investment securities portfolio was $2.4 billion at March 31, 2013, up slightly compared to $2.3 billion at December 31, 2012. The securities portfolio is primarily composed of U.S. government agency backed mortgage securities, U.S. Treasuries, agency backed collateralized mortgage obligations, and investment grade municipal bonds.

Capital

As of March 31, 2013, the total risk-based capital ratio was 13.58 percent, the tier 1 risk-based capital ratio was 10.90 percent, and the leverage ratio was 9.81 percent. The tier 1 common capital ratio was 8.89 percent and tangible common equity ratio was 8.48 percent at the end of the first quarter 2013.

Quarterly Conference Call and Webcast Presentation

PrivateBancorp will host a conference call on Thursday, April 18, 2013, 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 # 29873820. 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 May 2, 2013, by calling (855) 859-2056 (U.S. and Canada) or (404) 537-3406 (International) and entering passcode # 29873820.

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 March 31, 2013, the Company had 36 offices in 10 states and $13.4 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 federal securities laws. Our ability to predict results or the actual effects 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: unforeseen credit quality problems or further deterioration in problem loans that could result in charge-offs greater than we have anticipated in our allowance for loan losses; slower than anticipated dispositions of other real estate owned which may result in increased losses and ongoing elevated foreclosed property expense;

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continued uncertainty regarding U.S. and global economic recovery and economic outlook that may impact market conditions and credit quality or prolong weakness in demand for loans or other banking products and services; unanticipated developments in the timing or closing of pending or prospective loan transactions or greater than expected paydowns or payoffs of existing loans; unanticipated changes in interest rates; competitive pricing trends; lack of sufficient or cost-effective sources of liquidity or funding as and when needed; loss of key personnel or an inability to recruit and retain appropriate talent; unexpected increases in non-interest expense; uncertainty relating to recently proposed regulatory capital rules that could, depending on the nature of our assets, require us to maintain higher levels of regulatory capital; uncertainty regarding implications of other changes in regulatory requirements relating to implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act that may negatively affect our revenues or profitability; other legislative, regulatory or accounting changes affecting financial services companies and/or the products and services offered by financial services companies; changes in monetary or fiscal policies of the U.S. Government; or failures or disruptions to our data processing or other information or operational systems, including the potential impact of disruptions or breaches at our third party service providers.

Forward-looking statements are subject to risks, assumptions and uncertainties and could be significantly affected by many factors, including those set forth in the “Risk Factors” section of our Form 10-K for the year ended December 31, 2012 as well as those set forth in our subsequent periodic reports filed with the SEC. These factors should be considered in evaluating forward- looking statements and undue reliance should not be placed on our forward-looking statements. Forward-looking statements speak only as of the date they are made and we assume no obligation to update any of these statements in light of new information, future events or otherwise, unless required under the federal securities laws.

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

	1Q13		4Q12		3Q12			2Q12			1Q12
Interest Income
Loans, including fees	$	106,787	$	108,172	$	106,358		$	105,142		$	103,539
Federal funds sold and interest-bearing deposits in banks		208		452		248			133			132
Securities:
Taxable		12,822		12,938		13,907			14,723			15,258
Exempt from Federal income taxes		1,502		1,462		1,389			1,336			1,300
Other interest income		90		168		126			131			122
Total interest income		121,409		123,192		122,028			121,465			120,351
Interest Expense
Interest-bearing demand deposits		1,115		985		958			799			636
Savings deposits and money market accounts		4,399		4,531		4,206			4,265			4,602
Brokered and time deposits		5,129		5,561		5,860			5,394			5,017
Short-term and secured borrowings		118		77		101			123			142
Long-term debt		7,608		7,235		5,495			5,538			5,578
Total interest expense		18,369		18,389		16,620			16,119			15,975
Net interest income		103,040		104,803		105,408			105,346			104,376
Provision for loan and covered loan losses		10,357		13,177		13,509			17,038			27,701
Net interest income after provision for loan and covered loan losses		92,683		91,626		91,899			88,308			76,675
Non-interest Income
Trust and Investments		4,394		4,232		4,254			4,312			4,219
Mortgage banking		4,170		4,197		3,685			2,915			2,663
Capital markets products		5,039		6,744		5,832			6,033			7,349
Treasury management		5,924		5,606		5,490			5,260			5,154
Loan, letter of credit and commitment fees		4,077		4,671		4,779			4,359			4,364
Syndication fees		3,832		2,231		2,700			2,013			2,163
Deposit service charges and fees and other income		2,391		1,582		1,308			1,644			1,487
Net securities gains (losses)		641		191		(211	)		(290	)		105
Total non-interest income		30,468		29,454		27,837			26,246			27,504
Non-interest Expense
Salaries and employee benefits		43,140		45,253		44,820			42,177			42,698
Net occupancy expense		7,534		7,762		7,477			7,653			7,679
Technology and related costs		3,464		3,249		3,432			3,273			3,296
Marketing		2,317		2,448		2,645			3,058			2,160
Professional services		1,899		1,998		2,151			2,247			1,957
Outsourced servicing costs		1,634		1,814		1,802			2,093			1,710
Net foreclosed property expenses		6,643		9,571		8,596			11,894			8,235
Postage, telephone, and delivery		843		909		837			882			869
Insurance		2,539		3,290		3,352			4,239			4,305
Loan and collection expense		2,777		2,227		3,329			2,918			3,157
Other expenses		6,173		2,794		3,289			3,424			4,163
Total non-interest expense		78,963		81,315		81,730			83,858			80,229
Income before income taxes		44,188		39,765		38,006			30,696			23,950
Income tax provision		16,918		16,682		14,952			13,192			9,695
Net income		27,270		23,083		23,054			17,504			14,255
Preferred stock dividends and discount accretion		—		3,043		3,447			3,442			3,436
Net income available to common stockholders	$	27,270	$	20,040	$	19,607		$	14,062		$	10,819
Per Common Share Data
Basic earnings per share	$	0.35	$	0.26	$	0.27		$	0.19		$	0.15
Diluted earnings per share	$	0.35	$	0.26	$	0.27		$	0.19		$	0.15
Cash dividends declared	$	0.01	$	0.01	$	0.01		$	0.01		$	0.01
Weighted-average common shares outstanding		76,143		75,035		71,010			70,956			70,780
Weighted-average diluted common shares outstanding		76,203		75,374		71,274			71,147			70,932

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

Consolidated Balance Sheets (Dollars in thousands)

	03/31/13			12/31/12			09/30/12			06/30/12			03/31/12
	unaudited			audited			unaudited			unaudited			unaudited
Assets
Cash and due from banks	$	118,583		$	234,308		$	143,573		$	141,563		$	166,062
Fed funds sold and interest-bearing deposits in banks		203,647			707,143			470,984			315,378			193,571
Loans held for sale		38,091			49,696			49,209			35,342			29,185
Securities available-for-sale, at fair value		1,457,433			1,451,160			1,550,516			1,625,649			1,705,649
Securities held-to-maturity, at amortized cost		959,994			863,727			784,930			693,277			598,066
Federal Home Loan Bank (“FHLB”) stock		34,288			43,387			43,387			43,467			40,695
Loans - excluding covered assets, net of unearned fees		10,033,803			10,139,982			9,625,421			9,436,235			9,222,253
Allowance for loan losses		(153,992	)		(161,417	)		(166,859	)		(174,302	)		(183,844	)
Loans, net of allowance for loan losses and unearned fees		9,879,811			9,978,565			9,458,562			9,261,933			9,038,409
Covered assets		176,855			194,216			208,979			244,782			276,534
Allowance for covered loan losses		(24,089	)		(24,011	)		(21,500	)		(21,733	)		(26,323	)
Covered assets, net of allowance for covered loan losses		152,766			170,205			187,479			223,049			250,211
Other real estate owned, excluding covered assets		73,857			81,880			97,833			109,836			123,498
Premises, furniture, and equipment, net		38,373			39,508			40,526			38,177			37,462
Accrued interest receivable		39,205			34,832			36,892			37,089			36,033
Investment in bank owned life insurance		52,873			52,513			52,134			51,751			51,356
Goodwill		94,509			94,521			94,534			94,546			94,559
Other intangible assets		12,047			12,828			13,500			14,152			14,683
Capital markets derivative assets		81,805			90,405			104,697			102,613			97,805
Other assets		134,948			152,837			149,798			154,354			145,920
Total assets	$	13,372,230		$	14,057,515		$	13,278,554		$	12,942,176		$	12,623,164
Liabilities
Demand deposits:
Noninterest-bearing	$	2,756,879		$	3,690,340		$	3,295,568		$	2,920,182		$	3,054,536
Interest-bearing		1,390,955			1,057,390			893,194			785,879			714,522
Savings deposits and money market accounts		4,741,864			4,912,820			4,381,595			4,146,022			4,347,832
Brokered time deposits		983,625			993,455			1,290,796			1,484,435			961,481
Time deposits		1,518,980			1,519,629			1,498,287			1,398,012			1,344,341
Total deposits		11,392,303			12,173,634			11,359,440			10,734,530			10,422,712
Short-term and secured borrowings		107,775			5,000			5,000			335,000			355,000
Long-term debt		499,793			499,793			374,793			374,793			379,793
Accrued interest payable		6,787			7,141			5,287			5,855			5,425
Capital markets derivative liabilities		84,210			93,029			108,094			105,773			100,109
Other liabilities		49,297			71,752			62,500			52,071			47,971
Total liabilities		12,140,165			12,850,349			11,915,114			11,608,022			11,311,010
Equity
Preferred stock		—			—			241,585			241,185			240,791
Common stock		76,680			77,015			71,884			71,843			71,611
Treasury stock		(9,631	)		(24,150	)		(22,736	)		(22,639	)		(21,749	)
Additional paid-in capital		1,014,443			1,026,438			956,356			951,127			946,034
Retained earnings		106,288			79,799			60,533			41,651			28,315
Accumulated other comprehensive income, net of tax		44,285			48,064			55,818			50,987			47,152
Total equity		1,232,065			1,207,166			1,363,440			1,334,154			1,312,154
Total liabilities and equity	$	13,372,230		$	14,057,515		$	13,278,554		$	12,942,176		$	12,623,164

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)

	1Q13			4Q12			3Q12			2Q12			1Q12
Selected Statement of Income Data:
Net interest income	$	103,040		$	104,803		$	105,408		$	105,346		$	104,376
Net revenue(1) (2)	$	134,292		$	135,022		$	133,974		$	132,291		$	132,560
Operating profit(1) (2)	$	55,329		$	53,707		$	52,244		$	48,433		$	52,331
Provision for loan and covered loan losses	$	10,357		$	13,177		$	13,509		$	17,038		$	27,701
Income before taxes	$	44,188		$	39,765		$	38,006		$	30,696		$	23,950
Net income available to common stockholders	$	27,270		$	20,040		$	19,607		$	14,062		$	10,819
Per Common Share Data:
Basic earnings per share	$	0.35		$	0.26		$	0.27		$	0.19		$	0.15
Diluted earnings per share	$	0.35		$	0.26		$	0.27		$	0.19		$	0.15
Dividends declared	$	0.01		$	0.01		$	0.01		$	0.01		$	0.01
Book value (period end)(1)	$	15.87		$	15.65		$	15.49		$	15.09		$	14.79
Tangible book value (period end)(1) (2)	$	14.49		$	14.26		$	14.00		$	13.59		$	13.29
Market value (close)	$	18.89		$	15.32		$	15.99		$	14.76		$	15.17
Book value multiple		1.19	x		0.98	x		1.03	x		0.98	x		1.03	x
Share Data:
Weighted-average common shares outstanding		76,143			75,035			71,010			70,956			70,780
Weighted-average diluted common shares outstanding		76,203			75,374			71,274			71,147			70,932
Common shares issued (at period end)		78,050			78,062			73,291			73,273			73,205
Common shares outstanding (at period end)		77,649			77,115			72,436			72,424			72,415
Performance Ratios:
Return on average assets		0.81	%		0.67	%		0.70	%		0.55	%		0.46	%
Return on average common equity		9.01	%		6.64	%		7.00	%		5.18	%		4.05	%
Return on average tangible common equity (1)(2)		10.04	%		7.45	%		7.91	%		5.92	%		4.68	%
Net interest margin(1) (2)		3.19	%		3.16	%		3.35	%		3.46	%		3.53	%
Fee revenue as a percent of total revenue(1)		22.45	%		21.83	%		21.02	%		20.12	%		20.79	%
Non-interest income to average assets		0.91	%		0.85	%		0.85	%		0.83	%		0.89	%
Non-interest expense to average assets		2.35	%		2.35	%		2.49	%		2.64	%		2.59	%
Net overhead ratio(1)		1.44	%		1.50	%		1.64	%		1.81	%		1.70	%
Efficiency ratio (1) (2)		58.80	%		60.22	%		61.00	%		63.39	%		60.52	%
Balance Sheet Ratios:
Loans to deposits (period end) (3)		88.08	%		83.29	%		84.73	%		87.91	%		88.48	%
Average interest-earning assets to average interest- bearing liabilities		141.21	%		150.03	%		147.76	%		146.44	%		149.68	%
Capital Ratios (period end):
Total risk-based capital(1)		13.58	%		13.17	%		13.90	%		14.12	%		14.20	%
Tier 1 risk-based capital(1)		10.90	%		10.51	%		12.24	%		12.25	%		12.31	%
Tier 1 leverage ratio(1)		9.81	%		9.50	%		11.15	%		11.20	%		11.35	%
Tier 1 common equity to risk-weighted assets(1) (2)		8.89	%		8.52	%		8.12	%		8.05	%		8.04	%
Tangible common equity to tangible assets(1) (2)		8.48	%		7.88	%		7.70	%		7.67	%		7.69	%
Total equity to total assets		9.21	%		8.59	%		10.27	%		10.31	%		10.39	%

(1) Refer to Glossary of Terms for definition.

(2) This is a non-U.S. GAAP financial measure. Refer to “Non-U.S. GAAP Financial Measures” for a reconciliation from non-U.S. GAAP to U.S. GAAP.

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

Selected Financial Data (continued) Unaudited (Dollars in thousands)

	1Q13		4Q12			3Q12		2Q12			1Q12
Additional Selected Information:
Credit valuation adjustment on capital markets derivatives (1)	$	246	$	854		$	5	$	(830	)	$	19
Salaries and employee benefits:
Salaries and wages	$	24,015	$	24,333		$	24,373	$	23,728		$	23,174
Share-based costs		2,863		5,665			5,181		5,239			4,569
Incentive compensation, retirement costs and other employee benefits		16,262		15,255			15,266		13,210			14,955
Total salaries and employee benefits	$	43,140	$	45,253		$	44,820	$	42,177		$	42,698
Provision for unfunded commitments	$	1,723	$	(867	)	$	—	$	—		$	933
Assets under management and administration (AUMA) (1)	$	5,515,199	$	5,196,094		$	5,007,235	$	4,738,973		$	4,879,947
Custody assets included in AUMA	$	2,438,600	$	2,345,410		$	2,192,530	$	2,073,777		$	2,060,455

Loan Composition (excluding covered assets⁽¹⁾)

(Dollars in thousands)

			% of					% of					% of					% of					% of
	03/31/13		Total			12/31/12		Total			09/30/12		Total			06/30/12		Total			03/31/12		Total
	unaudited					audited					unaudited					unaudited					unaudited
Commercial and industrial	$	4,951,951		49	%	$	4,901,210		48	%	$	4,666,375		48	%	$	4,523,780		48	%	$	4,325,558		47	%
Commercial - owner-occupied CRE		1,640,064		16	%		1,595,574		16	%		1,437,935		15	%		1,384,831		15	%		1,175,729		13	%
Total commercial		6,592,015		65	%		6,496,784		64	%		6,104,310		63	%		5,908,611		63	%		5,501,287		60	%
Commercial real estate		2,002,833		20	%		2,132,063		21	%		2,069,423		21	%		2,124,492		23	%		2,378,640		26	%
Commercial real estate-multi-family		517,418		5	%		543,622		5	%		544,775		6	%		499,250		5	%		493,218		5	%
Total commercial real estate		2,520,251		25	%		2,675,685		26	%		2,614,198		27	%		2,623,742		28	%		2,871,858		31	%
Construction		174,077		2	%		190,496		2	%		162,724		2	%		171,014		2	%		127,837		1	%
Residential real estate		368,569		4	%		373,580		4	%		360,094		4	%		330,254		3	%		308,880		3	%
Home equity		162,035		2	%		167,760		2	%		170,068		2	%		174,131		2	%		175,972		2	%
Personal		216,856		2	%		235,677		2	%		214,027		2	%		228,483		2	%		236,419		3	%
Total loans	$	10,033,803		100	%	$	10,139,982		100	%	$	9,625,421		100	%	$	9,436,235		100	%	$	9,222,253		100	%

(1) Refer to Glossary of Terms for definition.

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

Commercial Loans Composition by Industry Segment

(Classified pursuant to the North American Industrial Classification System standard industry descriptions and represents our client’s primary business activity)

	03/31/13										12/31/12
						Amount										Amount
			% of			Non-		% Non-					% of			Non-		% Non-
	Amount		Total			performing		performing (2)			Amount		Total			performing		performing (2)
Manufacturing	$	1,599,688		24	%	$	—		—		$	1,496,719		23	%	$	—		—
Healthcare		1,565,431		24	%		314		*			1,514,496		23	%		322		*
Wholesale trade		684,791		10	%		—		—			635,477		10	%		—		—
Finance and insurance		504,311		8	%		186		*			584,763		9	%		194		*
Real estate, rental and leasing		362,060		6	%		512		*			359,947		6	%		16,550		5	%
Professional, scientific and technical services		434,650		7	%		5,525		1	%		391,976		6	%		10,805		3	%
Administrative, support, waste management and remediation services		398,024		6	%		—		—			426,960		7	%		—		—
Architecture, engineering and construction		229,797		3	%		9,415		4	%		225,199		3	%		629		*
All other(3)		813,263		12	%		15,371		2	%		861,247		13	%		13,413		2	%
Total commercial(4)	$	6,592,015		100	%	$	31,323		*		$	6,496,784		100	%	$	41,913		1	%

Commercial Real Estate and Construction Loans Portfolio by Collateral Type

	03/31/13										12/31/12
						Amount										Amount
			% of			Non-		% Non-					% of			Non-		% Non-
	Amount		Total			performing		performing (2)			Amount		Total			performing		performing (2)
Commercial Real Estate Portfolio
Land	$	223,880		9	%	$	23,335		10	%	$	240,503		9	%	$	19,747		8	%
Residential 1-4 family		48,100		2	%		6,148		13	%		58,704		2	%		13,213		23	%
Multi-family		517,418		20	%		9,704		2	%		543,622		20	%		6,553		1	%
Industrial/warehouse		273,017		11	%		7,674		3	%		272,535		10	%		8,902		3	%
Office		542,737		22	%		2,715		1	%		566,834		21	%		5,849		1	%
Retail		463,915		18	%		7,452		2	%		472,024		18	%		8,873		2	%
Healthcare		183,359		7	%		—		—			205,318		8	%		—		—
Mixed use/other		267,825		11	%		6,615		2	%		316,145		12	%		5,417		2	%
Total commercial real estate	$	2,520,251		100	%	$	63,643		3	%	$	2,675,685		100	%	$	68,554		3	%
Construction Portfolio
Residential 1-4 family	$	11,796		7	%	$	—		—		$	14,160		7	%	$	—		—
Multi-family		22,230		13	%		—		—			36,129		19	%		—		—
Industrial/warehouse		2,800		1	%		—		—			29,633		16	%		—		—
Office		14,212		8	%		402		3	%		8,863		5	%		402		5	%
Retail		51,846		30	%		—		—			37,457		20	%		—		—
Healthcare		27,005		16	%		—		—			14,196		7	%		—		—
Mixed use/other		44,188		25	%		—		—			50,058		26	%		155		*
Total construction	$	174,077		100	%	$	402		*		$	190,496		100	%	$	557		*

(1) Refer to Glossary of Terms for definition.

(2) Calculated as nonperforming loans in the respective industry segment or collateral type divided by total loans of the corresponding industry segment or collateral type presented above.

(3) All other consists of numerous smaller balances across a variety of industries with no category greater than 3%.

(4) Includes owner-occupied commercial real estate of $1.6 billion at March 31, 2013 and December 31, 2012.

* Less than 1%.

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

	1Q13			4Q12			3Q12			2Q12			1Q12
Credit Quality Key Ratios
Net charge-offs (annualized) to average loans		0.70	%		0.73	%		0.87	%		1.16	%		1.57	%
Nonperforming loans to total loans		1.28	%		1.37	%		1.87	%		2.22	%		2.53	%
Nonperforming loans to total assets		0.96	%		0.99	%		1.35	%		1.62	%		1.85	%
Nonperforming assets to total assets		1.51	%		1.57	%		2.09	%		2.47	%		2.83	%
Allowance for loan losses to:
Total loans		1.53	%		1.59	%		1.73	%		1.85	%		1.99	%
Nonperforming loans		120	%		116	%		93	%		83	%		79	%
Nonperforming assets
Loans past due 90 days and accruing	$	—		$	—		$	—		$	—		$	—
Nonaccrual loans		128,657			138,780			179,895			209,339			233,222
OREO		73,857			81,880			97,833			109,836			123,498
Total nonperforming assets	$	202,514		$	220,660		$	277,728		$	319,175		$	356,720
Restructured loans accruing interest	$	46,591		$	60,980		$	58,431		$	97,690		$	136,521
Special mention loans	$	106,446		$	96,794		$	104,706		$	108,052		$	143,790
Potential problem loans	$	78,185		$	107,876		$	112,929		$	164,077		$	184,029
Nonperforming Loans Rollforward
Beginning balance	$	138,780		$	179,895		$	209,339		$	233,222		$	259,852
Additions:
New nonaccrual loans		32,125			28,527			38,948			57,717			69,581
Reductions:
Return to performing status		(794	)		(3,824	)		(236	)		(1,953	)		(14,291	)
Paydowns and payoffs, net of advances		(885	)		(21,454	)		(11,094	)		(9,961	)		(4,806	)
Net sales		(12,809	)		(20,544	)		(21,351	)		(25,954	)		(27,479	)
Transfer to OREO		(6,266	)		(2,826	)		(3,250	)		(9,968	)		(13,513	)
Transfer to loans held for sale		(2,240	)		—			(9,200	)		—			—
Charge-offs		(19,254	)		(20,994	)		(23,261	)		(33,764	)		(36,122	)
Total reductions		(42,248	)		(69,642	)		(68,392	)		(81,600	)		(96,211	)
Balance at end of period	$	128,657		$	138,780		$	179,895		$	209,339		$	233,222
OREO Rollforward
Beginning balance	$	81,880		$	97,833		$	109,836		$	123,498		$	125,729
New foreclosed properties		6,266			2,826			3,250			9,968			13,513
Valuation adjustments		(4,458	)		(5,274	)		(6,245	)		(9,207	)		(4,522	)
Disposals:
Sales proceeds		(9,067	)		(11,526	)		(8,041	)		(13,517	)		(9,078	)
Net loss on sale		(764	)		(1,979	)		(967	)		(906	)		(2,144	)
Balance at end of period	$	73,857		$	81,880		$	97,833		$	109,836		$	123,498
Restructured Loans Accruing Interest Rollforward
Beginning balance	$	60,980		$	58,431		$	97,690		$	136,521		$	100,909
Additions:
New restructured loans accruing interest		458			6,552			2,001			1,864			47,673
Restructured loans returned to accruing status		—			3,823			—			157			—
Reductions:
Paydowns and payoffs, net of advances		36			(3,995	)		(3,935	)		(14,593	)		(4,661	)
Transferred to nonperforming loans		(14,883	)		(2,988	)		(15,464	)		(25,688	)		(6,665	)
Net sales		—			—			—			(170	)		—
Removal of restructured loan status		—			(843	)		(21,861	)		(401	)		(735	)
Charge-offs, net		—			—			—			—			—
Balance at end of period	$	46,591		$	60,980		$	58,431		$	97,690		$	136,521

(1) Refer to Glossary of Terms for definition.

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

Credit Quality Indicators⁽¹⁾

	Special		% of			Potential		% of			Non-		% of
	Mention		Portfolio			Problem		Portfolio			Performing		Portfolio			Total
	Loans		Loan Type			Loans		Loan Type			Loans		Loan Type			Loans
As of March 31, 2013
Commercial	$	87,966		1.3	%	$	31,198		0.5	%	$	31,323		0.5	%	$	6,592,015
Commercial real estate		11,412		0.5	%		33,462		1.3	%		63,643		2.5	%		2,520,251
Construction		—		—			—		—			402		0.2	%		174,077
Residential real estate		5,739		1.6	%		9,109		2.5	%		14,966		4.1	%		368,569
Home equity		1,325		0.8	%		4,312		2.7	%		13,615		8.4	%		162,035
Personal		4		*			104		*			4,708		2.2	%		216,856
Total	$	106,446		1.1	%	$	78,185		0.8	%	$	128,657		1.3	%	$	10,033,803
As of December 31, 2012
Commercial	$	72,651		1.1	%	$	40,495		0.6	%	$	41,913		0.6	%	$	6,496,784
Commercial real estate		21,209		0.8	%		48,897		1.8	%		68,554		2.6	%		2,675,685
Construction		—		—			—		—			557		0.3	%		190,496
Residential real estate		2,364		0.6	%		13,844		3.7	%		11,224		3.0	%		373,580
Home equity		562		0.3	%		4,351		2.6	%		11,710		7.0	%		167,760
Personal		8		*			289		0.1	%		4,822		2.0	%		235,677
Total	$	96,794		1.0	%	$	107,876		1.1	%	$	138,780		1.4	%	$	10,139,982

(1) Refer to Glossary of Terms for definition.

* Less than 0.1%.

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		Nonaccrual			Total Loans
As of March 31, 2013
Loan balances:
Commercial	$	6,551,320		$	5,647		$	3,725		$	—	$	31,323		$	6,592,015
Commercial real estate		2,448,577			5,666			2,365			—		63,643			2,520,251
Construction		173,675			—			—			—		402			174,077
Residential real estate		350,943			2,175			485			—		14,966			368,569
Personal and home equity		359,460			647			461			—		18,323			378,891
Total loans	$	9,883,975		$	14,135		$	7,036		$	—	$	128,657		$	10,033,803
Aging as a percent of loan balance:
Commercial		99.37	%		0.09	%		0.06	%		—		0.48	%		100.00	%
Commercial real estate		97.16	%		0.22	%		0.09	%		—		2.53	%		100.00	%
Construction		99.77	%		—			—			—		0.23	%		100.00	%
Residential real estate		95.22	%		0.59	%		0.13	%		—		4.06	%		100.00	%
Personal and home equity		94.87	%		0.17	%		0.12	%		—		4.84	%		100.00	%
Total loans		98.51	%		0.14	%		0.07	%		—		1.28	%		100.00	%

	1Q13			4Q12			3Q12			2Q12			1Q12
Nonaccrual loans:
Commercial	$	31,323		$	41,913		$	61,182		$	59,841		$	40,186
Commercial real estate		63,643			68,554			88,057			119,444			159,255
Construction		402			557			557			555			2,781
Residential real estate		14,966			11,224			12,502			11,028			12,069
Personal and home equity		18,323			16,532			17,597			18,471			18,931
Total	$	128,657		$	138,780		$	179,895		$	209,339		$	233,222
Nonaccrual loans as a percent of total loan type:
Commercial		0.48	%		0.65	%		1.00	%		1.01	%		0.73	%
Commercial real estate		2.53	%		2.56	%		3.37	%		4.55	%		5.55	%
Construction		0.23	%		0.29	%		0.34	%		0.32	%		2.18	%
Residential real estate		4.06	%		3.00	%		3.47	%		3.34	%		3.91	%
Personal and home equity		4.84	%		4.10	%		4.58	%		4.59	%		4.59	%
Total		1.28	%		1.37	%		1.87	%		2.22	%		2.53	%
Loans past due 60-89 days and still accruing:
Commercial	$	3,725		$	1,365		$	1,129		$	5,064		$	3,963
Commercial real estate		2,365			5,278			3,588			2,543			2,081
Construction		—			—			—			—			68
Residential real estate		485			—			655			21			1,135
Personal and home equity		461			462			1,569			1,017			253
Total	$	7,036		$	7,105		$	6,941		$	8,645		$	7,500
Loans past due 60-89 days and still accruing as a percent of total loan type:
Commercial		0.06	%		0.02	%		0.02	%		0.09	%		0.07	%
Commercial real estate		0.09	%		0.20	%		0.14	%		0.10	%		0.07	%
Construction		—			—			—			—			0.05	%
Residential real estate		0.13	%		—			0.18	%		0.01	%		0.37	%
Personal and home equity		0.12	%		0.11	%		0.41	%		0.25	%		0.06	%
Total		0.07	%		0.07	%		0.07	%		0.09	%		0.08	%
Loans past due 30-59 days and still accruing:
Commercial	$	5,647		$	2,195		$	6,141		$	901		$	3,216
Commercial real estate		5,666			4,073			5,232			1,314			6,590
Construction		—			—			—			—			—
Residential real estate		2,175			3,260			240			341			4,960
Personal and home equity		647			1,837			2,072			1,983			1,754
Total	$	14,135		$	11,365		$	13,685		$	4,539		$	16,520
Loans past due 30-59 days and still accruing as a percent of total loan type:
Commercial		0.09	%		0.03	%		0.10	%		0.01	%		0.06	%
Commercial real estate		0.22	%		0.15	%		0.20	%		0.05	%		0.23	%
Construction		—			—			—			—			—
Residential real estate		0.59	%		0.87	%		0.07	%		0.10	%		1.61	%
Personal and home equity		0.17	%		0.46	%		0.54	%		0.49	%		0.43	%
Total		0.14	%		0.11	%		0.14	%		0.05	%		0.18	%

(1) Refer to Glossary of Terms for definition.

* Less than 0.01%.

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

Nonaccrual Loans Stratification

	$10.0 Million  or More		$5.0 to  $9.9 Million		$3.0 to  $4.9 Million		$1.5 to  $2.9 Million		Under $1.5 Million		Total
As of March 31, 2013
Amount:
Commercial	$	12,074	$	8,769	$	3,082	$	4,733	$	2,665	$	31,323
Commercial real estate		15,890		5,915		8,313		14,977		18,548		63,643
Construction		—		—		—		—		402		402
Residential real estate		—		—		4,789		2,417		7,760		14,966
Personal and home equity		—		—		3,760		—		14,563		18,323
Total	$	27,964	$	14,684	$	19,944	$	22,127	$	43,938	$	128,657
Number of borrowers:
Commercial		1		1		1		2		22		27
Commercial real estate		1		1		2		7		37		48
Construction		—		—		—		—		1		1
Residential real estate		—		—		1		1		29		31
Personal and home equity		—		—		1		—		44		45
Total		2		2		5		10		133		152
As of December 31, 2012
Amount:
Commercial	$	26,756	$	—	$	7,709	$	2,869	$	4,579	$	41,913
Commercial real estate		15,890		12,425		4,274		15,473		20,492		68,554
Construction		—		—		—		—		557		557
Residential real estate		—		—		4,789		—		6,435		11,224
Personal and home equity		—		—		3,760		—		12,772		16,532
Total	$	42,646	$	12,425	$	20,532	$	18,342	$	44,835	$	138,780
Number of borrowers:
Commercial		2		—		2		1		26		31
Commercial real estate		1		2		1		7		38		49
Construction		—		—		—		—		2		2
Residential real estate		—		—		1		—		26		27
Personal and home equity		—		—		1		—		39		40
Total		3		2		5		8		131		149

Restructured Loans Accruing Interest Stratification

	$10.0 Million  or More		$5.0 to  $9.9 Million		$3.0 to  $4.9 Million		$1.5 to  $2.9 Million		Under $1.5 Million		Total
As of March 31, 2013
Amount:
Commercial	$	22,145	$	13,919	$	—	$	—	$	783	$	36,847
Commercial real estate		—		5,090		—		2,159		877		8,126
Construction		—		—		—		—		—		—
Residential real estate		—		—		—		—		—		—
Personal and home equity		—		—		—		—		1,618		1,618
Total	$	22,145	$	19,009	$	—	$	2,159	$	3,278	$	46,591
Number of borrowers:
Commercial		2		2		—		—		3		7
Commercial real estate		—		1		—		1		3		5
Construction		—		—		—		—		—		—
Residential real estate		—		—		—		—		—		—
Personal and home equity		—		—		—		—		2		2
Total		2		3		—		1		8		14
As of December 31, 2012
Amount:
Commercial	$	25,073	$	13,661	$	4,460	$	—	$	1,073	$	44,267
Commercial real estate		—		11,667		—		2,193		898		14,758
Construction		—		—		—		—		—		—
Residential real estate		—		—		—		—		465		465
Personal and home equity		—		—		—		—		1,490		1,490
Total	$	25,073	$	25,328	$	4,460	$	2,193	$	3,926	$	60,980
Number of borrowers:
Commercial		2		2		1		—		3		8
Commercial real estate		—		2		—		1		3		6
Construction		—		—		—		—		—		—
Residential real estate		—		—		—		—		1		1
Personal and home equity		—		—		—		—		1		1
Total		2		4		1		1		8		16

(1) Refer to Glossary of Terms for definition.

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

OREO Properties by Type

	March 31, 2013							December 31, 2012
	Number of				% of			Number of				% of
	Properties		Amount		Total			Properties		Amount		Total
Single-family homes		21	$	1,861		2	%		50	$	6,337		8	%
Land parcels		151		30,875		42	%		170		33,072		40	%
Multi-family		6		8,089		11	%		6		8,111		10	%
Office/industrial		31		21,263		29	%		40		27,585		34	%
Retail		8		6,709		9	%		8		6,775		8	%
Mixed use		2		5,060		7	%		—		—		—
Total		219	$	73,857		100	%		274	$	81,880		100	%

OREO Property Type by Location

										South			Mid
	Illinois			Colorado			Wisconsin			Eastern (2)			Western (3)			Other			Total
March 31, 2013
Single-family homes	$	1,642		$	—		$	—		$	—		$	219		$	—		$	1,861
Land parcels		18,700			—			—			9,250			2,925			—			30,875
Multi-family		939			7,150			—			—			—			—			8,089
Office/industrial		15,152			—			2,070			501			3,540			—			21,263
Retail		5,583			—			—			1,126			—			—			6,709
Mixed use		—			—			5,060			—			—			—			5,060
Total	$	42,016		$	7,150		$	7,130		$	10,877		$	6,684		$	—		$	73,857
% of Total		56	%		10	%		10	%		15	%		9	%		0	%		100	%
December 31, 2012
Single-family homes	$	4,301		$	—		$	—		$	—		$	1,866		$	170		$	6,337
Land parcels		18,913			—			—			10,446			3,713			—			33,072
Multi-family		1,178			6,933			—			—			—			—			8,111
Office/industrial		17,960			—			2,300			3,450			3,875			—			27,585
Retail		5,584			—			—			1,191			—			—			6,775
Total	$	47,936		$	6,933		$	2,300		$	15,087		$	9,454		$	170		$	81,880
% of Total		59	%		8	%		3	%		18	%		12	%		*			100	%

(1) Refer to Glossary of Terms for definition.

(2) Represents the Southeastern states of Arkansas, Florida and Georgia.

(3) Represents the Midwestern states of Kansas, Michigan, Missouri, Indiana and Ohio.

* Less than 1%.

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

	1Q13			4Q12			3Q12			2Q12			1Q12
Change in allowance for loan losses:
Balance at beginning of period	$	161,417		$	166,859		$	174,302		$	183,844		$	191,594
Loans charged-off:
Commercial		(11,146	)		(10,388	)		(4,062	)		(7,769	)		(9,549	)
Commercial real estate		(7,566	)		(8,105	)		(16,790	)		(17,924	)		(25,280	)
Construction		70			30			64			(828	)		(1,245	)
Residential real estate		(436	)		(621	)		(299	)		(1,006	)		(1,084	)
Home equity		(374	)		(1,640	)		(1,001	)		(4	)		(483	)
Personal		(5	)		(612	)		(1,006	)		(6,341	)		(2,085	)
Total charge-offs		(19,457	)		(21,336	)		(23,094	)		(33,872	)		(39,726	)
Recoveries on loans previously charged-off:
Commercial		396			947			919			634			1,679
Commercial real estate		1,364			2,133			544			4,150			1,882
Construction		9			16			594			1,664			41
Residential real estate		2			106			7			2			11
Home equity		61			52			117			314			26
Personal		52			43			229			163			702
Total recoveries		1,884			3,297			2,410			6,927			4,341
Net charge-offs		(17,573	)		(18,039	)		(20,684	)		(26,945	)		(35,385	)
Provisions charged to operating expense		10,148			12,597			13,241			17,403			27,635
Balance at end of period	$	153,992		$	161,417		$	166,859		$	174,302		$	183,844
Allocation of allowance for loan losses:
General allocated reserve:
Commercial	$	57,280		$	50,450		$	49,115		$	47,210		$	45,850
Commercial real estate		45,030			52,700			54,500			53,700			57,750
Construction		2,011			2,317			2,200			2,635			1,900
Residential real estate		5,800			5,700			5,100			5,200			5,400
Home equity		3,700			4,000			3,980			4,200			4,700
Personal		2,900			2,860			2,800			3,260			3,295
Total allocated		116,721			118,027			117,695			116,205			118,895
Specific reserve		37,271			43,390			49,164			58,097			64,949
Total	$	153,992		$	161,417		$	166,859		$	174,302		$	183,844
Allocation of reserve by a percent of total allowance for loan losses:
General allocated reserve:
Commercial		37	%		31	%		29	%		27	%		25	%
Commercial real estate		29	%		33	%		33	%		31	%		31	%
Construction		1	%		1	%		1	%		2	%		1	%
Residential real estate		4	%		4	%		3	%		3	%		3	%
Home equity		3	%		2	%		2	%		2	%		3	%
Personal		2	%		2	%		2	%		2	%		2	%
Total allocated		76	%		73	%		70	%		67	%		65	%
Specific reserve		24	%		27	%		30	%		33	%		35	%
Total		100	%		100	%		100	%		100	%		100	%
Allowance for loan losses to:
Total loans		1.53	%		1.59	%		1.73	%		1.85	%		1.99	%
Nonperforming loans		120	%		116	%		93	%		83	%		79	%

(1) Refer to Glossary of Terms for definition.

Deposits (Dollars in thousands)

			% of					% of					% of					% of					% of
	03/31/13		Total			12/31/12		Total			09/30/12		Total			06/30/12		Total			03/31/12		Total
	unaudited					audited					unaudited					unaudited					unaudited
Noninterest-bearing deposits	$	2,756,879		24	%	$	3,690,340		30	%	$	3,295,568		29	%	$	2,920,182		27	%	$	3,054,536		29	%
Interest-bearing demand deposits		1,390,955		12	%		1,057,390		9	%		893,194		8	%		785,879		7	%		714,522		7	%
Savings deposits		245,762		2	%		310,188		3	%		245,906		2	%		221,816		2	%		225,300		2	%
Money market accounts		4,496,102		40	%		4,602,632		38	%		4,135,689		37	%		3,924,206		37	%		4,122,532		40	%
Brokered time deposits:
Traditional		330,851		3	%		382,833		3	%		562,717		5	%		667,454		6	%		191,023		2	%
Client CDARS (1)		652,774		6	%		610,622		5	%		728,079		6	%		762,231		7	%		695,458		6	%
Non-client CDARS (1)		—		—			—		—			—		—			54,750		1	%		75,000		1	%
Total brokered time deposits		983,625		9	%		993,455		8	%		1,290,796		11	%		1,484,435		14	%		961,481		9	%
Time deposits		1,518,980		13	%		1,519,629		12	%		1,498,287		13	%		1,398,012		13	%		1,344,341		13	%
Total deposits	$	11,392,303		100	%	$	12,173,634		100	%	$	11,359,440		100	%	$	10,734,530		100	%	$	10,422,712		100	%
Client deposits (1)	$	11,061,452		97	%	$	11,790,801		97	%	$	10,796,723		95	%	$	10,012,326		93	%	$	10,156,689		97	%

(1) Refer to Glossary of Terms for definition.

* Less than 1%.

Net Interest Margin Unaudited (Dollars in thousands)

	Three Months Ended March 31,
	2013								2012
	Average Balance			Interest (1)		Yield/ Rate			Average Balance			Interest (1)		Yield/ Rate
Assets:
Federal funds sold and interest-bearing deposits in banks	$	335,916		$	208		0.25	%	$	211,343		$	132		0.25	%
Securities:
Taxable		2,106,304			12,822		2.44	%		2,056,727			15,258		2.97	%
Tax-exempt(2)		220,522			2,286		4.15	%		152,412			1,980		5.20	%
Total securities		2,326,826			15,108		2.60	%		2,209,139			17,238		3.12	%
FHLB stock		38,129			90		0.94	%		40,695			122		1.19	%
Loans, excluding covered assets:
Commercial		6,529,029			71,256		4.37	%		5,443,925			63,910		4.64	%
Commercial real estate		2,651,132			25,392		3.83	%		2,598,139			27,715		4.22	%
Construction		188,211			1,953		4.15	%		279,343			2,611		3.70	%
Residential		406,091			3,762		3.71	%		338,144			3,619		4.28	%
Personal and home equity		389,395			3,206		3.34	%		411,152			3,732		3.65	%
Total loans, excluding covered assets(3)		10,163,858			105,569		4.16	%		9,070,703			101,587		4.44	%
Total interest-earning assets before covered assets (2)		12,864,729			120,975		3.76	%		11,531,880			119,079		4.10	%
Covered assets(4)		161,842			1,218		3.02	%		264,619			1,952		2.93	%
Total interest-earning assets (2)		13,026,571		$	122,193		3.75	%		11,796,499		$	121,031		4.07	%
Cash and due from banks		142,925								141,317
Allowance for loan and covered loan losses		(188,894	)							(224,071	)
Other assets		636,726								731,771
Total assets	$	13,617,328							$	12,445,516
Liabilities and Equity:
Interest-bearing demand deposits	$	1,264,740		$	1,115		0.36	%	$	654,791		$	636		0.39	%
Savings deposits		274,310			164		0.24	%		218,145			156		0.29	%
Money market accounts		4,566,766			4,235		0.38	%		4,199,855			4,446		0.43	%
Time deposits		1,525,931			3,936		1.05	%		1,352,361			3,933		1.17	%
Brokered deposits		1,000,613			1,193		0.48	%		811,069			1,084		0.54	%
Total interest-bearing deposits		8,632,360			10,643		0.50	%		7,236,221			10,255		0.57	%
Short-term and secured borrowings		92,906			118		0.51	%		265,205			142		0.21	%
Long-term debt		499,793			7,608		6.09	%		379,793			5,578		5.85	%
Total interest-bearing liabilities		9,225,059			18,369		0.80	%		7,881,219			15,975		0.81	%
Noninterest-bearing demand deposits		3,005,007								3,054,679
Other liabilities		159,634								194,262
Equity		1,227,628								1,315,356
Total liabilities and equity	$	13,617,328							$	12,445,516
Net interest spread(2) (5)							2.95	%							3.26	%
Effect of noninterest-bearing funds							0.24	%							0.27	%
Net interest income/margin(2) (5)				$	103,824		3.19	%				$	105,056		3.53	%

(1) Interest income included $5.1 million and $7.2 million in loan fees for the three months ended March 31, 2013 and 2012, respectively.

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

(3) Average loans on a nonaccrual basis for the recognition of interest income totaled $137.0 million and $256.8 million for the three months ended March 31, 2013 and 2012, respectively, and are included in loans for purposes of this analysis. Interest foregone on nonperforming loans was estimated to be approximately $1.4 million and $2.8 million for the three months ended March 31, 2013 and 2012, respectively, based on the average loan portfolio yield for the respective period.

(4) 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.

(5) Refer to Glossary of Terms for definition.

Note: Prior period net interest margin computations were modified to conform with the current period presentation.

Net Interest Margin Unaudited (Dollars in thousands)

	Three Months Ended March 31,								Three Months Ended December 31,
	2013								2012
	Average Balance			Interest (1)		Yield/ Rate			Average Balance			Interest (1)		Yield/ Rate
Assets:
Federal funds sold and interest-bearing deposits in banks	$	335,916		$	208		0.25	%	$	709,369		$	452		0.25	%
Securities:
Taxable		2,106,304			12,822		2.44	%		2,055,358			12,938		2.52	%
Tax-exempt(2)		220,522			2,286		4.15	%		205,525			2,227		4.33	%
Total securities		2,326,826			15,108		2.60	%		2,260,883			15,165		2.68	%
FHLB stock		38,129			90		0.94	%		43,387			168		1.51	%
Loans, excluding covered assets:
Commercial		6,529,029			71,256		4.37	%		6,266,388			71,128		4.44	%
Commercial real estate		2,651,132			25,392		3.83	%		2,684,361			26,586		3.88	%
Construction		188,211			1,953		4.15	%		185,804			1,803		3.80	%
Residential		406,091			3,762		3.71	%		401,581			4,037		4.02	%
Personal and home equity		389,395			3,206		3.34	%		389,235			3,300		3.37	%
Total loans, excluding covered assets(3)		10,163,858			105,569		4.16	%		9,927,369			106,854		4.22	%
Total interest-earning assets before covered assets (2)		12,864,729			120,975		3.76	%		12,941,008			122,639		3.72	%
Covered assets(4)		161,842			1,218		3.02	%		174,679			1,318		2.97	%
Total interest-earning assets (2)		13,026,571		$	122,193		3.75	%		13,115,687		$	123,957		3.71	%
Cash and due from banks		142,925								146,990
Allowance for loan and covered loan losses		(188,894	)							(190,583	)
Other assets		636,726								676,682
Total assets	$	13,617,328							$	13,748,776
Liabilities and Equity:
Interest-bearing demand deposits	$	1,264,740		$	1,115		0.36	%	$	970,026		$	985		0.40	%
Savings deposits		274,310			164		0.24	%		282,493			200		0.28	%
Money market accounts		4,566,766			4,235		0.38	%		4,382,023			4,331		0.39	%
Time deposits		1,525,931			3,936		1.05	%		1,507,824			4,139		1.09	%
Brokered deposits		1,000,613			1,193		0.48	%		1,102,772			1,422		0.51	%
Total interest-bearing deposits		8,632,360			10,643		0.50	%		8,245,138			11,077		0.53	%
Short-term and secured borrowings		92,906			118		0.51	%		20,441			77		1.49	%
Long-term debt		499,793			7,608		6.09	%		476,695			7,235		6.00	%
Total interest-bearing liabilities		9,225,059			18,369		0.80	%		8,742,274			18,389		0.83	%
Noninterest-bearing demand deposits		3,005,007								3,567,785
Other liabilities		159,634								177,842
Equity		1,227,628								1,260,875
Total liabilities and equity	$	13,617,328							$	13,748,776
Net interest spread(2) (5)							2.95	%							2.88	%
Effect of noninterest-bearing funds							0.24	%							0.28	%
Net interest income/margin(2) (5)				$	103,824		3.19	%				$	105,568		3.16	%

(1) Interest income included $5.1 million and $6.3 million in loan fees for the three months ended March 31, 2013 and December 31, 2012, respectively.

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

(3) Average loans on a nonaccrual basis for the recognition of interest income totaled $137.0 million and $164.8 million for the three months ended March 31, 2013 and December 31, 2012, respectively, and are included in loans for purposes of this analysis. Interest foregone on nonperforming loans was estimated to be approximately $1.4 million and $1.7 million for the three months ended March 31, 2013 and December 31, 2012, respectively, based on the average loan portfolio yield for the respective period.

(4) 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.

(5) Refer to Glossary of Terms for definition.

Non-U.S. GAAP Financial Measures Unaudited (Amounts in thousands)

This press release contains both financial measures based on accounting principles generally accepted in the United States (U.S. GAAP) and non-U.S. GAAP based financial measures. These non-U.S. GAAP financial measures include net interest income, net interest margin, net revenue, operating profit and efficiency ratio all on a fully taxable-equivalent basis; return on average tangible common equity, Tier 1 common equity to risk-weighted assets, tangible equity to tangible assets, tangible equity to risk-weighted assets, tangible common equity to tangible assets, and tangible book value. We believe that presenting these non-U.S. 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.

In addition to capital ratios defined by banking regulators, we also consider various measures when evaluating capital utilization and adequacy, including return on average tangible common equity, Tier 1 common equity to risk-weighted assets, tangible equity to tangible assets, tangible equity to risk-weighted assets, tangible common equity to tangible assets, and tangible book value. These calculations are intended to complement the capital ratios defined by banking regulators for both absolute and comparative purposes. All of these measures exclude the ending balances of goodwill and other intangibles while certain of these ratios exclude preferred capital components. Because U.S. GAAP does not include capital ratio measures, we believe there are no comparable U.S. GAAP financial measures to these ratios. We believe these non-U.S. GAAP financial measures are relevant because they provide information that is helpful in assessing 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 this may affect the usefulness of these measures to investors.

Non-U.S. GAAP financial measures have inherent limitations, are not required to be uniformly applied, and are not audited. Although these non-U.S. 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 U.S. 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-U.S. GAAP financial measures to U.S. GAAP:

	Quarters Ended
	1Q13			4Q12			3Q12			2Q12			1Q12
Taxable-equivalent net interest income
U.S. GAAP net interest income	$	103,040		$	104,803		$	105,408		$	105,346		$	104,376
Taxable-equivalent adjustment		784			765			729			699			680
Taxable-equivalent net interest income(a)	$	103,824		$	105,568		$	106,137		$	106,045		$	105,056
Average Earning Assets(b)	$	13,026,571		$	13,115,687		$	12,420,769		$	12,148,279		$	11,796,499
Net Interest Margin((a) annualized) / (b)		3.19	%		3.16	%		3.35	%		3.46	%		3.53	%
Net Revenue
Taxable-equivalent net interest income	$	103,824		$	105,568		$	106,137		$	106,045		$	105,056
U.S. GAAP non-interest income		30,468			29,454			27,837			26,246			27,504
Net revenue(c)	$	134,292		$	135,022		$	133,974		$	132,291		$	132,560
Operating Profit
U.S. GAAP income before income taxes	$	44,188		$	39,765		$	38,006		$	30,696		$	23,950
Provision for loan and covered loan losses		10,357			13,177			13,509			17,038			27,701
Taxable-equivalent adjustment		784			765			729			699			680
Operating profit	$	55,329		$	53,707		$	52,244		$	48,433		$	52,331
Efficiency Ratio
U.S. GAAP non-interest expense(d)	$	78,963		$	81,315		$	81,730		$	83,858		$	80,229
Net revenue(c)	$	134,292		$	135,022		$	133,974		$	132,291		$	132,560
Efficiency ratio(d) /(c)		58.80	%		60.22	%		61.00	%		63.39	%		60.52	%
Adjusted Net Income
U.S. GAAP net income available to common stockholders	$	27,270		$	20,040		$	19,607		$	14,062		$	10,819
Amortization of intangibles, net of tax		473			411			407			404			403
Adjusted net income(e)	$	27,743		$	20,451		$	20,014		$	14,466		$	11,222
Average Tangible Common Equity
U.S. GAAP average total equity	$	1,227,628		$	1,260,875		$	1,356,244		$	1,332,178		$	1,315,356
Less: average goodwill		94,519			94,531			94,544			94,556			94,569
Less: average other intangibles		12,426			13,152			13,820			14,341			15,007
Less: average preferred stock		—			60,409			241,389			240,993			240,601
Average tangible common equity(f)	$	1,120,683		$	1,092,783		$	1,006,491		$	982,288		$	965,179
Return on average tangible common equity((e) annualized) / (f)		10.04	%		7.45	%		7.91	%		5.92	%		4.68	%

Non-U.S. GAAP Financial Measures (continued) Unaudited (Amounts in thousands, except per share data)

	Quarters Ended
	1Q13			4Q12			3Q12			2Q12			1Q12
Tier 1 Common Capital
U.S. GAAP total equity	$	1,232,065		$	1,207,166		$	1,363,440		$	1,334,154		$	1,312,154
Trust preferred securities		244,793			244,793			244,793			244,793			244,793
Less: accumulated other comprehensive income, net of tax		44,285			48,064			55,818			50,987			47,152
Less: goodwill		94,509			94,521			94,534			94,546			94,559
Less: other intangibles		12,047			12,828			13,500			14,152			14,683
Tier 1 risk-based capital		1,326,017			1,296,546			1,444,381			1,419,262			1,400,553
Less: preferred stock		—			—			241,585			241,185			240,791
Less: trust preferred securities		244,793			244,793			244,793			244,793			244,793
Tier 1 common capital(g)	$	1,081,224		$	1,051,753		$	958,003		$	933,284		$	914,969
Tangible Common Equity
U.S. GAAP total equity	$	1,232,065		$	1,207,166		$	1,363,440		$	1,334,154		$	1,312,154
Less: goodwill		94,509			94,521			94,534			94,546			94,559
Less: other intangibles		12,047			12,828			13,500			14,152			14,683
Tangible equity(h)		1,125,509			1,099,817			1,255,406			1,225,456			1,202,912
Less: preferred stock		—			—			241,585			241,185			240,791
Tangible common equity(i)	$	1,125,509		$	1,099,817		$	1,013,821		$	984,271		$	962,121
Tangible Assets
U.S. GAAP total assets	$	13,372,230		$	14,057,515		$	13,278,554		$	12,942,176		$	12,623,164
Less: goodwill		94,509			94,521			94,534			94,546			94,559
Less: other intangibles		12,047			12,828			13,500			14,152			14,683
Tangible assets(j)	$	13,265,674		$	13,950,166		$	13,170,520		$	12,833,478		$	12,513,922
Risk-weighted Assets(k)	$	12,164,677		$	12,337,398		$	11,804,578		$	11,588,371		$	11,374,212
Period-end Common Shares Outstanding(l)		77,649			77,115			72,436			72,424			72,415
Ratios:
Tier 1 common equity to risk-weighted assets(g) / (k)		8.89	%		8.52	%		8.12	%		8.05	%		8.04	%
Tangible equity to tangible assets(h) / (j)		8.48	%		7.88	%		9.53	%		9.55	%		9.61	%
Tangible equity to risk-weighted assets(h) / (l)		9.25	%		8.91	%		10.63	%		10.57	%		10.58	%
Tangible common equity to tangible assets(i) / (j)		8.48	%		7.88	%		7.70	%		7.67	%		7.69	%
Tangible book value(i) / (l)	$	14.49		$	14.26		$	14.00		$	13.59		$	13.29

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

Client deposits - Total deposits, net of traditional brokered time deposits and non-client CDARS^®.

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 quality indicators - The Company has adopted an internal risk rating policy in which each loan is rated for credit quality with a numerical rating of 1 through 8. Loans rated 5 and better (1-5 ratings, inclusive) are credits that exhibit acceptable financial performance, cash flow, and leverage. If any risk exists, we attempt to mitigate by structure, collateral, monitoring, or other meaningful controls. Credits rated 6 are considered special mention as these credits demonstrate potential weakness and that if left unresolved, may result in deterioration in the Company’s credit position and/or the repayment prospects for the credit. Borrowers rated special mention may exhibit adverse operating trends, high leverage, tight liquidity or other credit concerns. Potential problem loans have a risk rating of 7 and are considered inadequately protected by the current net worth and paying capacity of the obligor, the collateral pledged, or guarantors. These loans generally have a well defined weakness or weaknesses that may jeopardize liquidation of the debt and are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not resolved. Nonperforming loans include nonaccrual loans risk rated 7 or 8 and have all the weaknesses inherent in a 7-rated potential problem loan with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. Special mention, potential problem and nonperforming loans are reviewed at minimum on a quarterly basis, while all other rated credits are reviewed as the situation warrants.

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-U.S. GAAP financial measure.

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

U.S. 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 interest-earning assets. The annualization of net interest income for the quarterly yield takes into consideration the interest payment convention at the product level. This is a non-U.S. 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-U.S. GAAP financial measure.

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

Operating profit - The sum of U.S. GAAP income before income taxes, provision for loan and covered loan losses and taxable-equivalent adjustment. This is a non-U.S. GAAP financial measure.

Return on average tangible common equity - Annualized net income available to common stockholders, adjusted for tax-affected amortization of intangibles, divided by average tangible common equity. Average tangible common equity equals average total equity less average goodwill, average intangible assets, and average preferred stock. This is a non-U.S. GAAP financial measure.

Risk-weighted assets - Computed by the assignment of specific risk-weights (as currently 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-U.S. GAAP financial measure.

Glossary of Terms (continued)

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-U.S. GAAP financial measure.

Taxable-equivalent net 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 U.S. 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 equity to risk-weighted assets ratio - Tier 1 common capital divided by period-end risk-weighted assets. This is a non-U.S. GAAP financial measure and for purposes of our presentation we calculate risk-weighted assets under current requirements and not under the recently proposed rules issued by banking regulators.

Tier 1 leverage ratio - Tier 1 risk-based capital divided by adjusted average total 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 gains (losses) on available for sale equity securities, available for sale debt securities, and cash flow hedge derivatives.

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

Transformational and legacy portfolios - We aggregate loans by originating line of business for reserve purposes because of observable similarities in the performance experience of loans underwritten by the business units. Loans originated by the business units that existed prior to the strategic changes in 2007 are considered “legacy” loans. Loans originated by a business unit that was established in connection with or following the business transformation plan are considered “transformational” loans. Renewals or restructurings of legacy loans may continue to be evaluated as legacy loans depending on the structure or defining characteristics of the new transaction. The Company has implemented a line of business model that has reorganized the legacy business units so that after 2009, all new loan originations are considered transformational.