Business Segments Selected Financial Information

(dollars in thousands)   Banking and Wealth Management   Mortgage Banking   Corporate Services  

Eliminations
 

Consolidated
Three Months Ended March 31, 2012          
Net interest income $ 106,545 $ 10,496 $ (1,418) $

 
$ 115,623
Provision for loan and lease losses   10,315   1,040   -    

-
 

11,355
Net interest income after provision for loan and lease losses 96,230 9,456 (1,418)

-

104,268
Noninterest income 25,228 47,873 92

-

73,193
Noninterest expense:
Foreclosure and OREO expense 7,962 2,997 -

-

10,959
Other credit-related expenses (183) 11,990 3

-

11,810
All other noninterest expense   51,846   56,864   27,342    

-
 

136,052
Income (loss) before income tax   61,833   (14,522)   (28,671)    

-
 

18,640
Adjustment items (pre-tax):
Increase in Bank of Florida non-accretable discount 3,444 - -

-

3,444
MSR impairment - 15,144 -

-

15,144
Transaction and non-recurring regulatory related expense   -   4,722   1,542    

-
 

6,264
Adjusted income (loss) before income tax   65,277   5,344   (27,129)        

43,492
Total assets as of March 31, 2012   12,494,752   1,438,744   92,381    

(251,056)
 

13,774,821
Efficiency Ratios:
GAAP basis:
including foreclosure, OREO and other credit-related expenses 45.2% 84.1%
excluding foreclosure, OREO and other credit-related expenses 39.3% 72.1%
Adjusted basis:
including foreclosure, OREO and other credit-related expenses 45.2% 74.8%
excluding foreclosure, OREO and other credit-related expenses   39.3%                 63.6%
Three Months Ended December 31, 2011
Net interest income $ 104,117 $ 12,372 $ (1,651) $ $ 114,838
Provision for loan and lease losses   9,014   1,398   -    

-
 

10,412
Net interest income after provision for loan and lease losses 95,103 10,974 (1,651)

-

104,426
Noninterest income 29,309 31,637 15

-

60,961
Noninterest expense:
Foreclosure and OREO expense 6,470 4,839 -

-

11,309
Other credit-related expenses 2,629 5,956 -

-

8,585
All other noninterest expense   49,617   47,424   30,725    

-
 

127,766
Income (loss) before income tax   65,696   (15,608)   (32,361)    

-
 

17,727
Adjustment items (pre-tax):
Increase in Bank of Florida non-accretable discount 3,567 - -

-

3,567
MSR impairment - 18,771 -

-

18,771
Transaction and non-recurring regulatory related expense   -   3,802   3,180    

-
 

6,982
Adjusted income (loss) before income tax   69,263   6,965   (29,181)    

-
 

47,047
Total assets as of December 31, 2011   11,658,702   1,557,421   99,886    

(274,331)
 

13,041,678
Efficiency Ratios:
GAAP basis:
including foreclosure, OREO and other credit-related expenses 44.0% 84.0%
excluding foreclosure, OREO and other credit-related expenses 37.2% 72.7%
Adjusted basis:
including foreclosure, OREO and other credit-related expenses 44.0% 72.3%
excluding foreclosure, OREO and other credit-related expenses   37.2%                 62.1%
Three Months Ended March 31, 2011
Net interest income $ 105,925 $ 9,422 $ (1,654) $ $ 113,693
Provision for loan and lease losses   17,186   844   -    

-
 

18,030
Net interest income after provision for loan and lease losses 88,739 8,578 (1,654)

-

95,663
Noninterest income 15,905 45,238 4,709

-

65,852
Noninterest expense:
Foreclosure and OREO expense 8,567 3,333 -

-

11,900
Other credit-related expenses 1,812 13,708 -

-

15,520
All other noninterest expense   49,400   37,128   31,291    

-
 

117,819
Income (loss) before income tax   44,865   (353)   (28,236)    

-
 

16,276
Adjustment items (pre-tax):
Increase in Bank of Florida non-accretable discount 807 - -

-

807
Impact of change in ALLL methodology 1,900 - -

-

1,900
Early adoption of TDR guidance and policy change 7,522 - -

-

7,522
Gain on repurchase of trust preferred securities - - (4,692)

-

(4,692)
Decrease in fair value of Tygris indemnification asset 8,680 - -

-

8,680
Transaction and non-recurring regulatory related expense   -   205   8,848    

-
 

9,053
Adjusted income (loss) before income tax   63,774   (148)   (24,080)    

-
 

39,546
Total assets as of March 31, 2011   10,654,475   1,332,606   113,093    

(210,811)
 

11,889,363
 
Efficiency Ratios:
GAAP basis:

including foreclosure, OREO and other credit-related expenses

49.1%

80.9%

excluding foreclosure, OREO and other credit-related expenses

40.5%

65.6%

 

Adjusted basis:

including foreclosure, OREO and other credit-related expenses

41.9%

72.9%

excluding foreclosure, OREO and other credit-related expenses

33.4%

57.2%

 

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