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EXHIBIT 13 (d)
Selected Financial Information
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SELECTED FINANCIAL INFORMATION (UNAUDITED)
(Dollars in thousands, except per share amounts)
YEARS ENDED DECEMBER 31
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1996 1995 1994 1993 1992
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Earnings Summary:
Interest revenue $ 277,919 $252,427 $ 207,895 $ 193,869 $ 202,920
Interest expense 126,505 114,457 85,029 78,715 92,143
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Net interest revenue 151,414 137,970 122,866 115,154 110,777
Provision for credit losses 8,804 6,206 5,946 9,032 12,843
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Net interest revenue, after provision
for credit losses 142,610 131,764 116,920 106,122 97,934
Other revenue 40,475 31,240 26,012 26,776 23,767
Other expense 118,472 111,750 99,372 93,176 89,779
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Income before income taxes and
effect of accounting change 64,883 51,254 43,560 39,722 31,922
Applicable income taxes 22,000 15,570 12,832 10,216 9,048
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Income before effect of
accounting change 42,883 35,504 30,728 29,506 22,874
Cumulative effect of change in
accounting for income taxes - - - 3,429 -
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Net income $ 42,883 $ 35,504 $ 30,728 $ 32,935 $ 22,874
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Per Share Data:
Net income $ 2.02 $ 1.69 $ 1.51 $ 1.49 $ 1.33
Cash dividends 0.70 0.62 0.555 0.54 0.51
Book value 15.01 13.72 12.44 11.82 10.56
Balance Sheet - Averages:
Total assets $3,452,921 $3,151,297 $2,884,539 $2,659,785 $2,503,499
Held-to-maturity securities 480,191 516,919 427,759 509,996 619,510
Available-for-sale securities 231,040 183,396 266,370 141,496 -
Loans, net of unearned discount 2,410,746 2,146,967 1,881,922 1,657,048 1,550,745
Total deposits 2,982,838 2,732,450 2,513,493 2,342,137 2,210,934
Total sharesholders' equity 299,749 268,395 240,929 218,504 185,925
Selected Ratios:
Return on average assets 1.24% 1.13% 1.07% 1.24% 0.91%
Return on average shareholders' equity 14.31% 13.23% 12.75% 15.07% 12.30%
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