|  X | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---------|-----------------------------------------------------------------------------------------|

|   | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|--------|------------------------------------------------------------------------------------------|

| Mississippi                                                                                                                   | 64-0659571                           |
|-------------------------------------------------------------------------------------------------------------------------------|--------------------------------------|
| (State or other jurisdiction of incorporation or organization)                                                                | (I.R.S. Employer Identification No.) |
|                                                                                                                          |                                 |
| One Mississippi Plaza, 201 South Spring Street          Tupelo, Mississippi |  38804                          |
| (Address of principal executive offices)                                                                                      | (Zip Code)                           |

----

| PART I.  |        Financial Information   |                                                                                                       | Page   |
|----------|--------------------------------------------------------------|------------------------------------------------------------------------------------------------------------|--------|
|     | ITEM 1.                                                      | Financial Statements                                                                                       |   |
|     |                                                         | Consolidated Balance Sheets June 30, 2011 and 2010 (Unaudited) and December 31, 2010                       | 3      |
|     |                                                         | Consolidated Statements of Operations (Unaudited) Three Months and Six Months Ended June 30, 2011 and 2010 | 4      |
|     |                                                         | Consolidated Statements of Cash Flows (Unaudited) Six Months Ended June 30, 2011 and 2010             | 5      |
|     |                                                         | Notes to Consolidated Financial Statements (Unaudited)                                                     | 6      |
|     | ITEM 2.                                                      | Management's Discussion and Analysis of Financial                                                          |   |
|     |                                                         | Condition and Results of Operations                                                                        | 34     |
|     | ITEM 3.                                                      | Quantitative and Qualitative Disclosures About Market Risk                                                 | 67     |
|     | ITEM 4.                                                      | Controls and Procedures                                                                                    | 67     |
|     |                                                         |                                                                                                       |   |
| PART II. |         Other Information |                                                                                                       |   |
|     | ITEM 1A.                                                     | Risk Factors                                                                                               | 68     |
|     | ITEM 6.                                                      | Exhibits                                                                                                   | 68     |

----

| PART I.                                                                                                                      |   |
|------------------------------------------------------------------------------------------------------------------------------|--------|
| FINANCIAL INFORMATION                                                                                                        |   |
|                                                                                                                         |   |   |   |   |   |   |   |   |   |
| ITEM 1.  FINANCIAL STATEMENTS.                                                                                     |   |   |   |   |   |   |   |   |   |
|                                                                                                                         |   |   |   |   |   |   |   |   |   |
| BANCORPSOUTH, INC. AND SUBSIDIARIES                                                                                          |   |
| Consolidated Balance Sheets                                                                                                  |   |
|                                                                                                                         |   |   |   |   |   |   |   |   |   |
|                                                                                                                         |   | June 30, |   |   | December 31, |   |   | June 30, |   |
|                                                                                                                         |   | 2011 |   |   | 2010 |   |   | 2010 |   |
|                                                                                                                         |   | (Unaudited) |   |   |   | (1) |   |   | (Unaudited) |   |
|                                                                                                                         |   | (Dollars in thousands, except per share amounts) |   |
| ASSETS                                                                                                                       |   |   |   |   |   |   |   |   |   |   |
| Cash and due from banks                                                                                                      |   | $ | 166,761 |   |   | $ | 99,916 |   |   | $ | 370,499 |   |
| Interest bearing deposits with other banks                                                                                   |   |   | 304,344 |   |   |   | 172,170 |   |   |   | 111,040 |   |
| Held-to-maturity securities, at amortized cost                                                                               |   |   | - |   |   |   | 1,613,019 |   |   |   | 1,147,157 |   |
| Available-for-sale securities, at fair value                                                                                 |   |   | 2,560,824 |   |   |   | 1,096,062 |   |   |   | 962,692 |   |
|    Federal funds sold and securities purchased under agreement to resell                                           |   |   | - |   |   |   | 150,000 |   |   |   | 75,000 |   |
| Loans and leases                                                                                                             |   |   | 9,255,879 |   |   |   | 9,376,351 |   |   |   | 9,691,623 |   |
|   Less:  Unearned income                                                                                 |   |   | 41,326 |   |   |   | 43,244 |   |   |   | 44,721 |   |
|             Allowance for credit losses                          |   |   | 197,627 |   |   |   | 196,913 |   |   |   | 200,744 |   |
| Net loans                                                                                                                    |   |   | 9,016,926 |   |   |   | 9,136,194 |   |   |   | 9,446,158 |   |
| Loans held for sale                                                                                                          |   |   | 70,519 |   |   |   | 93,697 |   |   |   | 95,987 |   |
| Premises and equipment, net                                                                                                  |   |   | 328,075 |   |   |   | 332,890 |   |   |   | 336,645 |   |
| Accrued interest receivable                                                                                                  |   |   | 55,525 |   |   |   | 61,025 |   |   |   | 63,862 |   |
| Goodwill                                                                                                                     |   |   | 271,297 |   |   |   | 270,097 |   |   |   | 270,097 |   |
| Bank owned life insurance                                                                                                    |   |   | 197,028 |   |   |   | 194,064 |   |   |   | 190,828 |   |
| Other real estate owned                                                                                                      |   |   | 151,204 |   |   |   | 133,412 |   |   |   | 67,560 |   |
| Other assets                                                                                                                 |   |   | 244,547 |   |   |   | 262,464 |   |   |   | 283,479 |   |
| TOTAL ASSETS                                                                                                                 |   | $ | 13,367,050 |   |   | $ | 13,615,010 |   |   | $ | 13,421,004 |   |
|                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| LIABILITIES                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| Deposits:                                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
|   Demand:  Noninterest bearing                                                                           |   | $ | 2,096,655 |   |   | $ | 2,060,145 |   |   | $ | 1,897,977 |   |
|                   Interest bearing |   |   | 4,939,553 |   |   |   | 4,931,518 |   |   |   | 4,725,457 |   |
|   Savings                                                                                                          |   |   | 944,993 |   |   |   | 863,034 |   |   |   | 770,112 |   |
|   Other time                                                                                                       |   |   | 3,327,262 |   |   |   | 3,635,324 |   |   |   | 3,827,095 |   |
| Total deposits                                                                                                               |   |   | 11,308,463 |   |   |   | 11,490,021 |   |   |   | 11,220,641 |   |
|   Federal funds purchased and securities sold under agreement to repurchase                                             |   |   | 426,097 |   |   |   | 440,593 |   |   |   | 481,109 |   |
|   Short-term Federal Home Loan Bank and other short-term borrowings                                                     |   |   | 703 |   |   |   | 2,727 |   |   |   | 3,500 |   |
| Accrued interest payable                                                                                                     |   |   | 11,348 |   |   |   | 14,336 |   |   |   | 17,508 |   |
| Junior subordinated debt securities                                                                                          |   |   | 160,312 |   |   |   | 160,312 |   |   |   | 160,312 |   |
| Long-term Federal Home Loan Bank borrowings                                                                                  |   |   | 35,000 |   |   |   | 110,000 |   |   |   | 110,749 |   |
| Other liabilities                                                                                                            |   |   | 178,424 |   |   |   | 174,777 |   |   |   | 186,926 |   |
| TOTAL LIABILITIES                                                                                                            |   |   | 12,120,347 |   |   |   | 12,392,766 |   |   |   | 12,180,745 |   |
|                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| SHAREHOLDERS' EQUITY                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| Common stock, $2.50 par value per share                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
|    Authorized - 500,000,000 shares; Issued - 83,488,962,                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
|    83,481,737 and 83,481,738 shares, respectively                                                             |   |   | 208,722 |   |   |   | 208,704 |   |   |   | 208,704 |   |
| Capital surplus                                                                                                              |   |   | 226,362 |   |   |   | 224,976 |   |   |   | 223,922 |   |
| Accumulated other comprehensive loss                                                                                         |   |   | 6,289 |   |   |   | (14,453 | ) |   |   | (5,008 | ) |
| Retained earnings                                                                                                            |   |   | 805,330 |   |   |   | 803,017 |   |   |   | 812,641 |   |
| TOTAL SHAREHOLDERS' EQUITY                                                                                                   |   |   | 1,246,703 |   |   |   | 1,222,244 |   |   |   | 1,240,259 |   |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY                                                                                   |   | $ | 13,367,050 |   |   | $ | 13,615,010 |   |   | $ | 13,421,004 |   |
|                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| (1)  Derived from audited financial statements.                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| See accompanying notes to consolidated financial statements.                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |

----

| BANCORPSOUTH, INC. AND SUBSIDIARIES                                                                                                                                                                                                                     |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| Consolidated Statements of Operations                                                                                                                                                                                                                   |   |
| (Unaudited)                                                                                                                                                                                                                                             |   |
|                                                                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                    |   | Three months ended |   |   | Six months ended |   |
|                                                                                                                                                                                                                                                    |   | June 30, |   |   | June 30, |   |
|                                                                                                                                                                                                                                                    |   | 2011 |   |   | 2010 |   |   | 2011 |   |   | 2010 |   |
|                                                                                                                                                                                                                                                    |   | (In thousands, except for per share amounts) |   |
| INTEREST REVENUE:                                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans and leases                                                                                                                                                                                                                                        |   | $ | 116,892 |   |   | $ | 124,621 |   |   | $ | 234,250 |   |   | $ | 251,577 |   |
| Deposits with other banks                                                                                                                                                                                                                               |   |   | 124 |   |   |   | 33 |   |   |   | 246 |   |   |   | 54 |   |
|   Federal funds sold and securities purchased under agreement to resell                                                                                                                                                                            |   |   | 35 |   |   |   | 143 |   |   |   | 166 |   |   |   | 225 |   |
| Held-to-maturity securities:                                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Taxable                                                                                                                                                                                                                                     |   |   | 5,066 |   |   |   | 9,363 |   |   |   | 13,080 |   |   |   | 18,778 |   |
|   Tax-exempt                                                                                                                                                                                                                                  |   |   | 2,291 |   |   |   | 2,412 |   |   |   | 5,638 |   |   |   | 4,873 |   |
| Available-for-sale securities:                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Taxable                                                                                                                                                                                                                                     |   |   | 10,451 |   |   |   | 8,030 |   |   |   | 19,036 |   |   |   | 16,415 |   |
|   Tax-exempt                                                                                                                                                                                                                                  |   |   | 1,871 |   |   |   | 833 |   |   |   | 2,695 |   |   |   | 1,665 |   |
| Loans held for sale                                                                                                                                                                                                                                     |   |   | 505 |   |   |   | 727 |   |   |   | 952 |   |   |   | 1,233 |   |
|   Total interest revenue                                                                                                                                                                                                                      |   |   | 137,235 |   |   |   | 146,162 |   |   |   | 276,063 |   |   |   | 294,820 |   |
|                                                                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| INTEREST EXPENSE:                                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Deposits:                                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Interest bearing demand                                                                                                                                                                                                                     |   |   | 6,039 |   |   |   | 9,751 |   |   |   | 12,585 |   |   |   | 19,143 |   |
|   Savings                                                                                                                                                                                                                                     |   |   | 810 |   |   |   | 915 |   |   |   | 1,636 |   |   |   | 1,804 |   |
|   Other time                                                                                                                                                                                                                                  |   |   | 16,285 |   |   |   | 21,535 |   |   |   | 33,768 |   |   |   | 43,064 |   |
|   Federal funds purchased and securities sold under agreement to repurchase                                                                                                                                                                        |   |   | 135 |   |   |   | 215 |   |   |   | 287 |   |   |   | 443 |   |
| Federal Home Loan Bank borrowings                                                                                                                                                                                                                       |   |   | 1,194 |   |   |   | 1,553 |   |   |   | 2,717 |   |   |   | 3,433 |   |
| Junior subordinated debt                                                                                                                                                                                                                                |   |   | 2,860 |   |   |   | 2,862 |   |   |   | 5,719 |   |   |   | 5,717 |   |
| Other                                                                                                                                                                                                                                                   |   |   | - |   |   |   | 2 |   |   |   | 2 |   |   |   | 5 |   |
|   Total interest expense                                                                                                                                                                                                                      |   |   | 27,323 |   |   |   | 36,833 |   |   |   | 56,714 |   |   |   | 73,609 |   |
|   Net interest revenue                                                                                                                                                                                                                        |   |   | 109,912 |   |   |   | 109,329 |   |   |   | 219,349 |   |   |   | 221,211 |   |
| Provision for credit losses                                                                                                                                                                                                                             |   |   | 32,240 |   |   |   | 62,354 |   |   |   | 85,719 |   |   |   | 105,873 |   |
|   Net interest revenue, after provision for                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     credit losses                                                                                                                                                                                                                   |   |   | 77,672 |   |   |   | 46,975 |   |   |   | 133,630 |   |   |   | 115,338 |   |
|                                                                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| NONINTEREST REVENUE:                                                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Mortgage lending                                                                                                                                                                                                                                        |   |   | 2,003 |   |   |   | (2,304 | ) |   |   | 9,584 |   |   |   | 2,721 |   |
| Credit card, debit card and merchant fees                                                                                                                                                                                                               |   |   | 11,263 |   |   |   | 9,333 |   |   |   | 21,609 |   |   |   | 18,143 |   |
| Service charges                                                                                                                                                                                                                                         |   |   | 16,556 |   |   |   | 18,953 |   |   |   | 31,924 |   |   |   | 35,215 |   |
| Trust income                                                                                                                                                                                                                                            |   |   | 2,850 |   |   |   | 2,707 |   |   |   | 5,984 |   |   |   | 5,294 |   |
| Security gains (losses), net                                                                                                                                                                                                                            |   |   | 10,045 |   |   |   | (585 | ) |   |   | 10,062 |   |   |   | 712 |   |
| Insurance commissions                                                                                                                                                                                                                                   |   |   | 22,941 |   |   |   | 21,666 |   |   |   | 45,490 |   |   |   | 43,334 |   |
| Other                                                                                                                                                                                                                                                   |   |   | 9,486 |   |   |   | 7,316 |   |   |   | 18,802 |   |   |   | 14,999 |   |
|   Total noninterest revenue                                                                                                                                                                                                                   |   |   | 75,144 |   |   |   | 57,086 |   |   |   | 143,455 |   |   |   | 120,418 |   |
|                                                                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| NONINTEREST EXPENSE:                                                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Salaries and employee benefits                                                                                                                                                                                                                          |   |   | 70,142 |   |   |   | 68,189 |   |   |   | 140,517 |   |   |   | 137,476 |   |
| Occupancy, net of rental income                                                                                                                                                                                                                         |   |   | 10,232 |   |   |   | 10,527 |   |   |   | 20,903 |   |   |   | 21,302 |   |
| Equipment                                                                                                                                                                                                                                               |   |   | 5,595 |   |   |   | 5,877 |   |   |   | 11,253 |   |   |   | 11,616 |   |
| Deposit insurance assessments                                                                                                                                                                                                                           |   |   | 6,436 |   |   |   | 4,362 |   |   |   | 11,861 |   |   |   | 8,612 |   |
| Prepayment penalty on FHLB borrowings                                                                                                                                                                                                                   |   |   | 9,778 |   |   |   | - |   |   |   | 9,778 |   |   |   | 0 |   |
| Other                                                                                                                                                                                                                                                   |   |   | 34,886 |   |   |   | 31,061 |   |   |   | 72,767 |   |   |   | 61,493 |   |
|   Total noninterest expense                                                                                                                                                                                                                   |   |   | 137,069 |   |   |   | 120,016 |   |   |   | 267,079 |   |   |   | 240,499 |   |
|   Income (loss) before income taxes                                                                                                                                                                                                           |   |   | 15,747 |   |   |   | (15,955 | ) |   |   | 10,006 |   |   |   | (4,743 | ) |
| Income tax (benefit) expense                                                                                                                                                                                                                            |   |   | 2,921 |   |   |   | (3,395 | ) |   |   | (2,326 | ) |   |   | (579 | ) |
|   Net income (loss)                                                                                                                                                                                                                           |   | $ | 12,826 |   |   | $ | (12,560 | ) |   | $ | 12,332 |   |   | $ | (4,164 | ) |
|                                                                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings (loss) per share:  Basic                                                                                                                                                                                                             |   | $ | 0.15 |   |   | $ | (0.15 | ) |   | $ | 0.15 |   |   | $ | (0.05 | ) |
|                                         Diluted |   | $ | 0.15 |   |   | $ | (0.15 | ) |   | $ | 0.15 |   |   | $ | (0.05 | ) |
|                                                                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Dividends declared per common share                                                                                                                                                                                                                     |   | $ | 0.01 |   |   | $ | 0.22 |   |   | $ | 0.12 |   |   | $ | 0.44 |   |
|                                                                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| See accompanying notes to consolidated financial statements.                                                                                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

| BANCORPSOUTH, INC. AND SUBSIDIARIES                                                                            |   |
|----------------------------------------------------------------------------------------------------------------|--------|
| Consolidated Statements of Cash Flows                                                                          |   |
| (Unaudited)                                                                                                    |   |
|                                                                                                           |   | Six months ended |   |
|                                                                                                           |   | June 30, |   |
|                                                                                                           |   | 2011 |   |   | 2010 |   |
|                                                                                                           |   | (In thousands) |   |   |   |   |
| Operating Activities:                                                                                          |   |   |   |   |   |   |
| Net income (loss)                                                                                              |   | $ | 12,332 |   |   | $ | (4,164 | ) |
|   Adjustment to reconcile net income (loss) to net  cash provided by operating activities: |   |   |   |   |   |   |   |   |
|       Provision for credit losses                                                |   |   | 85,719 |   |   |   | 105,873 |   |
|       Depreciation and amortization                                              |   |   | 14,789 |   |   |   | 14,905 |   |
|       Deferred taxes                                                             |   |   | (267 | ) |   |   | (6,732 | ) |
|       Amortization of intangibles                                                |   |   | 1,687 |   |   |   | 1,999 |   |
|       Amortization of debt securities premium and discount, net                  |   |   | 13,936 |   |   |   | 2,418 |   |
|       Share-based compensation expense                                           |   |   | 1,285 |   |   |   | 898 |   |
|       Security gains, net                                                        |   |   | (10,062 | ) |   |   | (712 | ) |
|       Net deferred loan origination expense                                      |   |   | (4,384 | ) |   |   | (4,561 | ) |
|       Excess tax benefit from exercise of stock options                          |   |   | (8 | ) |   |   | (21 | ) |
|       Decrease in interest receivable                                            |   |   | 5,500 |   |   |   | 4,789 |   |
|       Decrease in interest payable                                               |   |   | (2,988 | ) |   |   | (2,080 | ) |
|       Realized gain on mortgages sold                                            |   |   | (14,225 | ) |   |   | (11,500 | ) |
|       Proceeds from mortgages sold                                               |   |   | 483,065 |   |   |   | 494,449 |   |
|       Origination of mortgages held for sale                                     |   |   | (448,082 | ) |   |   | (497,981 | ) |
|       Increase in bank-owned life insurance                                      |   |   | (2,964 | ) |   |   | (3,058 | ) |
|       (Increase) decrease in prepaid pension asset                               |   |   | (186 | ) |   |   | 21 |   |
|       Decrease in prepaid deposit insurance assessments                          |   |   | 11,040 |   |   |   | 7,690 |   |
|       Other, net                                                                 |   |   | (1,035 | ) |   |   | (26,913 | ) |
| Net cash provided by operating activities                                                                      |   |   | 145,152 |   |   |   | 75,320 |   |
| Investing activities:                                                                                          |   |   |   |   |   |   |   |   |
| Proceeds from calls and maturities of held-to-maturity securities                                              |   |   | 135,781 |   |   |   | 290,273 |   |
| Proceeds from calls and maturities of available-for-sale securities                                            |   |   | 131,124 |   |   |   | 66,708 |   |
| Proceeds from sales of available-for-sale securities                                                           |   |   | 180,057 |   |   |   | 91,533 |   |
| Purchases of held-to-maturity securities                                                                       |   |   | (151,105 | ) |   |   | (404,821 | ) |
| Purchases of available-for-sale securities                                                                     |   |   | (119,089 | ) |   |   | (157,397 | ) |
| Net decrease in short-term investments                                                                         |   |   | 150,000 |   |   |   | - |   |
| Net decrease in loans and leases                                                                               |   |   | 20,141 |   |   |   | 43,328 |   |
| Purchases of premises and equipment                                                                            |   |   | (10,520 | ) |   |   | (7,861 | ) |
| Proceeds from sale of premises and equipment                                                                   |   |   | 1,693 |   |   |   | 73 |   |
| Contingency earn-out payment                                                                                   |   |   | (1,200 | ) |   |   | - |   |
| Other, net                                                                                                     |   |   | (31 | ) |   |   | (40 | ) |
| Net cash provided by (used in) investing activities                                                            |   |   | 336,851 |   |   |   | (78,204 | ) |
| Financing activities:                                                                                          |   |   |   |   |   |   |   |   |
| Net (decrease) increase in deposits                                                                            |   |   | (181,558 | ) |   |   | 542,939 |   |
| Net decrease in short-term debt and other liabilities                                                          |   |   | (16,526 | ) |   |   | (260,767 | ) |
| Repayment of long-term debt                                                                                    |   |   | (75,000 | ) |   |   | (22 | ) |
| Issuance of common stock                                                                                       |   |   | 110 |   |   |   | 534 |   |
| Excess tax benefit from exercise of stock options                                                              |   |   | 8 |   |   |   | 21 |   |
| Payment of cash dividends                                                                                      |   |   | (10,018 | ) |   |   | (36,727 | ) |
| Net cash (used in) provided by financing activities                                                            |   |   | (282,984 | ) |   |   | 245,978 |   |
|                                                                                                           |   |   |   |   |   |   |   |   |
| Increase in cash and cash equivalents                                                                          |   |   | 199,019 |   |   |   | 243,094 |   |
| Cash and cash equivalents at beginning of period                                                               |   |   | 272,086 |   |   |   | 238,445 |   |
| Cash and cash equivalents at end of period                                                                     |   | $ | 471,105 |   |   | $ | 481,539 |   |
|                                                                                                           |   |   |   |   |   |   |   |   |
| See accompanying notes to consolidated financial statements.                                                   |   |   |   |   |   |   |   |   |

----

|                                                        |   | June 30,       |      |   | December 31, |   |
|-------------------------------------------------------------|--------|----------------|-----------|--------|--------------|--------|
|                                                        |   | 2011           |      |   | 2010         |   |   | 2010 |   |
|                                                        |   | (In thousands) |      |
|                                                        |   |           |      |   |         |   |   |   |   |
| Commercial and industrial                                   |   | $              | 1,540,048 |   |         | $      | 1,499,152 |   |   | $ | 1,505,471 |   |
| Real estate                                                 |   |           |      |   |         |   |   |   |   |   |   |   |
|    Consumer mortgages                        |   |           | 1,971,499 |   |         |   | 1,981,475 |   |   |   | 1,951,563 |   |
|    Home equity                               |   |           | 531,787   |   |         |   | 555,281 |   |   |   | 543,272 |   |
|    Agricultural                              |   |           | 255,310   |   |         |   | 260,489 |   |   |   | 252,292 |   |
|    Commercial and industrial-owner occupied  |   |           | 1,366,734 |   |         |   | 1,407,704 |   |   |   | 1,331,473 |   |
|    Construction, acquisition and development |   |           | 1,060,675 |   |         |   | 1,419,303 |   |   |   | 1,174,743 |   |
|    Commercial                                |   |           | 1,764,648 |   |         |   | 1,794,644 |   |   |   | 1,816,951 |   |
| Credit cards                                                |   |           | 101,955   |   |         |   | 102,784 |   |   |   | 106,345 |   |
| All other                                                   |   |           | 663,223   |   |         |   | 670,791 |   |   |   | 694,241 |   |
|      Total                         |   | $              | 9,255,879 |   |         | $      | 9,691,623 |   |   | $ | 9,376,351 |   |

----

|                                            |   | Alabama        |    |   |     |   |      |        |   |   |      |   |   | Greater |    |   |      |   |    |      |   |   |    |   |   |   |      |
|-------------------------------------------------|--------|----------------|---------|--------|----------|--------|-----------|-------------|--------|--------|-----------|--------|--------|---------|---------|--------|-----------|--------|---------|-----------|--------|--------|---------|--------|--------|--------|-----------|
|                                            |   | and Florida    |    |   |     |   |      |        |   |   |      |   |   | Memphis |    |   | Northeast |   |    | Texas and |   |   |    |   |   |   |      |
|                                            |   | Panhandle      |    |   | Arkansas |   |      | Mississippi |   |   | Missouri  |   |   | Area    |    |   | Tennessee |   |    | Louisiana |   |   | Other   |   |   | Total  |      |
|                                            |   | (In thousands) |    |   |     |   |
| Commercial and industrial                       |   | $              | 63,477  |   |     | $      | 219,533   |        |   | $      | 322,786   |   |   | $       | 85,073  |   |      | $      | 24,045  |      |   | $      | 84,544  |   |   | $      | 274,812   |   |   | $ | 452,416 |   |   | $ | 1,526,686 |   |
| Real estate                                     |   |           |    |   |     |   |      |        |   |   |      |   |   |    |    |   |      |   |    |      |   |   |    |   |   |   |      |   |   |   |   |   |   |   |   |   |
|  Consumer mortgages                        |   |           | 114,266 |   |     |   | 273,338   |        |   |   | 779,838   |   |   |    | 66,163  |   |      |   | 87,596  |      |   |   | 164,453 |   |   |   | 412,493   |   |   |   | 73,352 |   |   |   | 1,971,499 |   |
|  Home equity                               |   |           | 64,043  |   |     |   | 43,224    |        |   |   | 178,305   |   |   |    | 29,297  |   |      |   | 73,790  |      |   |   | 79,307  |   |   |   | 62,617    |   |   |   | 1,204 |   |   |   | 531,787 |   |
|  Agricultural                              |   |           | 7,338   |   |     |   | 73,285    |        |   |   | 75,142    |   |   |    | 5,642   |   |      |   | 16,248  |      |   |   | 13,629  |   |   |   | 58,370    |   |   |   | 5,656 |   |   |   | 255,310 |   |
|  Commercial and industrial-owner occupied  |   |           | 125,567 |   |     |   | 175,098   |        |   |   | 472,765   |   |   |    | 74,684  |   |      |   | 109,132 |      |   |   | 101,806 |   |   |   | 246,369   |   |   |   | 61,313 |   |   |   | 1,366,734 |   |
|  Construction, acquisition and development |   |           | 133,335 |   |     |   | 86,795    |        |   |   | 273,624   |   |   |    | 88,309  |   |      |   | 128,537 |      |   |   | 130,962 |   |   |   | 208,406   |   |   |   | 10,707 |   |   |   | 1,060,675 |   |
|  Commercial                                |   |           | 195,722 |   |     |   | 340,963   |        |   |   | 344,926   |   |   |    | 241,209 |   |      |   | 132,670 |      |   |   | 105,507 |   |   |   | 354,065   |   |   |   | 49,586 |   |   |   | 1,764,648 |   |
| Credit cards                                    |   |           | -       |   |     |   | -         |        |   |   | -         |   |   |    | -       |   |      |   | -       |      |   |   | -       |   |   |   | -         |   |   |   | 101,955 |   |   |   | 101,955 |   |
| All other                                       |   |           | 14,936  |   |     |   | 42,680    |        |   |   | 79,088    |   |   |    | 1,409   |   |      |   | 48,596  |      |   |   | 28,516  |   |   |   | 29,521    |   |   |   | 390,513 |   |   |   | 635,259 |   |
|      Total             |   | $              | 718,684 |   |     | $      | 1,254,916 |        |   | $      | 2,526,474 |   |   | $       | 591,786 |   |      | $      | 620,614 |      |   | $      | 708,724 |   |   | $      | 1,646,653 |   |   | $ | 1,146,702 |   |   | $ | 9,214,553 |   |

|                                                        |   | June 30, 2011  |   |
|-------------------------------------------------------------|--------|----------------|--------|
|                                                        |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | 90+ Days |   |
|                                                        |   | 30-59 Days     |   |   | 60-89 Days |   |   | 90+ Days |   |   | Total |   |   |   |   |   | Total |   |   | Past Due still |   |
|                                                        |   | Past Due       |   |   | Past Due |   |   | Past Due |   |   | Past Due |   |   | Current |   |   | Outstanding |   |   | Accruing |   |
|                                                        |   | (In thousands) |   |
| Commercial and industrial                                   |   | $              | 7,022  |   |   | $ | 1,691 |   |   | $ | 2,503 |   |   | $ | 11,216 |   |   | $ | 1,515,470 |   |   | $ | 1,526,686 |   |   | $ | 118 |   |
| Real estate                                                 |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Consumer mortgages                                          |   |           | 14,463 |   |   |   | 7,639 |   |   |   | 12,713 |   |   |   | 34,815 |   |   |   | 1,936,684 |   |   |   | 1,971,499 |   |   |   | 2,482 |   |
|    Home equity                               |   |           | 2,779  |   |   |   | 348 |   |   |   | 912 |   |   |   | 4,039 |   |   |   | 527,748 |   |   |   | 531,787 |   |   |   | 242 |   |
|    Agricultural                              |   |           | 2,600  |   |   |   | 318 |   |   |   | 2,841 |   |   |   | 5,759 |   |   |   | 249,551 |   |   |   | 255,310 |   |   |   | - |   |
|    Commercial and industrial-owner occupied  |   |           | 5,169  |   |   |   | 2,405 |   |   |   | 12,518 |   |   |   | 20,092 |   |   |   | 1,346,642 |   |   |   | 1,366,734 |   |   |   | - |   |
|    Construction, acquisition and development |   |           | 11,375 |   |   |   | 17,150 |   |   |   | 64,323 |   |   |   | 92,848 |   |   |   | 967,827 |   |   |   | 1,060,675 |   |   |   | 432 |   |
|    Commercial                                |   |           | 5,433  |   |   |   | 1,758 |   |   |   | 18,980 |   |   |   | 26,171 |   |   |   | 1,738,477 |   |   |   | 1,764,648 |   |   |   | 19 |   |
| Credit cards                                                |   |           | 530    |   |   |   | 337 |   |   |   | 630 |   |   |   | 1,497 |   |   |   | 100,458 |   |   |   | 101,955 |   |   |   | 299 |   |
| All other                                                   |   |           | 2,725  |   |   |   | 312 |   |   |   | 894 |   |   |   | 3,931 |   |   |   | 631,328 |   |   |   | 635,259 |   |   |   | 388 |   |
|      Total                         |   | $              | 52,096 |   |   | $ | 31,958 |   |   | $ | 116,314 |   |   | $ | 200,368 |   |   | $ | 9,014,185 |   |   | $ | 9,214,553 |   |   | $ | 3,980 |   |

----

|                                                        |   | December 31, 2010 |   |
|-------------------------------------------------------------|--------|-------------------|--------|
|                                                        |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | 90+ Days |   |
|                                                        |   | 30-59 Days        |   |   | 60-89 Days |   |   | 90+ Days |   |   | Total |   |   |   |   |   | Total |   |   | Past Due still |   |
|                                                        |   | Past Due          |   |   | Past Due |   |   | Past Due |   |   | Past Due |   |   | Current |   |   | Outstanding |   |   | Accruing |   |
|                                                        |   | (In thousands)    |   |
| Commercial and industrial                                   |   | $                 | 13,037 |   |   | $ | 848 |   |   | $ | 12,000 |   |   | $ | 25,885 |   |   | $ | 1,465,298 |   |   | $ | 1,491,183 |   |   | $ | 675 |   |
| Real estate                                                 |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Consumer mortgages                        |   |              | 16,937 |   |   |   | 4,481 |   |   |   | 20,640 |   |   |   | 42,058 |   |   |   | 1,909,505 |   |   |   | 1,951,563 |   |   |   | 6,521 |   |
|    Home equity                               |   |              | 1,258  |   |   |   | 800 |   |   |   | 755 |   |   |   | 2,813 |   |   |   | 540,459 |   |   |   | 543,272 |   |   |   | 173 |   |
|    Agricultural                              |   |              | 1,140  |   |   |   | 3,450 |   |   |   | 3,527 |   |   |   | 8,117 |   |   |   | 244,175 |   |   |   | 252,292 |   |   |   | 123 |   |
|    Commercial and industrial-owner occupied  |   |              | 9,260  |   |   |   | 1,290 |   |   |   | 7,323 |   |   |   | 17,873 |   |   |   | 1,313,600 |   |   |   | 1,331,473 |   |   |   | 20 |   |
|    Construction, acquisition and development |   |              | 22,436 |   |   |   | 9,837 |   |   |   | 94,264 |   |   |   | 126,537 |   |   |   | 1,048,206 |   |   |   | 1,174,743 |   |   |   | 197 |   |
|    Commercial                                |   |              | 4,409  |   |   |   | 4,712 |   |   |   | 10,507 |   |   |   | 19,628 |   |   |   | 1,797,323 |   |   |   | 1,816,951 |   |   |   | - |   |
| Credit cards                                                |   |              | 793    |   |   |   | 373 |   |   |   | 780 |   |   |   | 1,946 |   |   |   | 104,399 |   |   |   | 106,345 |   |   |   | 330 |   |
| All other                                                   |   |              | 2,058  |   |   |   | 1,117 |   |   |   | 847 |   |   |   | 4,022 |   |   |   | 661,263 |   |   |   | 665,285 |   |   |   | 461 |   |
|      Total                         |   | $                 | 71,328 |   |   | $ | 26,908 |   |   | $ | 150,643 |   |   | $ | 248,879 |   |   | $ | 9,084,228 |   |   | $ | 9,333,107 |   |   | $ | 8,500 |   |

|                                                  |   | June 30, 2011  |      |
|-------------------------------------------------------|--------|----------------|-----------|
|                                                  |   |           |      |   | Special |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                  |   | Pass           |      |   | Mention |   |   | Substandard |   |   | Doubtful |   |   | Loss |   |   | Impaired |   |   | Total |   |
|                                                  |   | (In thousands) |      |
| Commercial and industrial                             |   | $              | 1,477,497 |   |   | $ | 1,312 |   |   | $ | 40,160 |   |   | $ | 1,282 |   |   | $ | 450 |   |   | $ | 5,985 |   |   | $ | 1,526,686 |   |
| Real estate                                           |   |           |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Consumer mortgage                         |   |           | 1,817,381 |   |   |   | 3,885 |   |   |   | 123,392 |   |   |   | 3,485 |   |   |   | 87 |   |   |   | 23,269 |   |   |   | 1,971,499 |   |
|   Home equity                               |   |           | 512,791   |   |   |   | 793 |   |   |   | 16,501 |   |   |   | 427 |   |   |   | 605 |   |   |   | 670 |   |   |   | 531,787 |   |
|   Agricultural                              |   |           | 229,001   |   |   |   | 2,486 |   |   |   | 16,507 |   |   |   | - |   |   |   | - |   |   |   | 7,316 |   |   |   | 255,310 |   |
|   Commercial and industrial-owner occupied  |   |           | 1,269,218 |   |   |   | 2,304 |   |   |   | 73,272 |   |   |   | 651 |   |   |   | 99 |   |   |   | 21,190 |   |   |   | 1,366,734 |   |
|   Construction, acquisition and development |   |           | 728,194   |   |   |   | 20,348 |   |   |   | 114,222 |   |   |   | 594 |   |   |   | 286 |   |   |   | 197,031 |   |   |   | 1,060,675 |   |
|   Commercial                                |   |           | 1,606,844 |   |   |   | 9,130 |   |   |   | 102,762 |   |   |   | 59 |   |   |   | - |   |   |   | 45,853 |   |   |   | 1,764,648 |   |
| Credit Cards                                          |   |           | 101,645   |   |   |   | 11 |   |   |   | 281 |   |   |   | 18 |   |   |   | - |   |   |   | - |   |   |   | 101,955 |   |
| All other                                             |   |           | 613,573   |   |   |   | 76 |   |   |   | 18,847 |   |   |   | 411 |   |   |   | 9 |   |   |   | 2,343 |   |   |   | 635,259 |   |
|     Total                         |   | $              | 8,356,144 |   |   | $ | 40,345 |   |   | $ | 505,944 |   |   | $ | 6,927 |   |   | $ | 1,536 |   |   | $ | 303,657 |   |   | $ | 9,214,553 |   |

|                                                  |   | December 31, 2010 |      |
|-------------------------------------------------------|--------|-------------------|-----------|
|                                                  |   |              |      |   | Special |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                  |   | Pass              |      |   | Mention |   |   | Substandard |   |   | Doubtful |   |   | Loss |   |   | Impaired |   |   | Total |   |
|                                                  |   | (In thousands)    |      |
| Commercial and industrial                             |   | $                 | 1,429,443 |   |   | $ | 5,764 |   |   | $ | 51,562 |   |   | $ | 1,577 |   |   | $ | 701 |   |   | $ | 2,136 |   |   | $ | 1,491,183 |   |
| Real estate                                           |   |              |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Consumer mortgage                         |   |              | 1,813,740 |   |   |   | 1,867 |   |   |   | 104,504 |   |   |   | 3,106 |   |   |   | 123 |   |   |   | 28,223 |   |   |   | 1,951,563 |   |
|   Home equity                               |   |              | 527,047   |   |   |   | 1,231 |   |   |   | 13,169 |   |   |   | 613 |   |   |   | 361 |   |   |   | 851 |   |   |   | 543,272 |   |
|   Agricultural                              |   |              | 226,054   |   |   |   | 309 |   |   |   | 21,614 |   |   |   | - |   |   |   | 20 |   |   |   | 4,295 |   |   |   | 252,292 |   |
|   Commercial and industrial-owner occupied  |   |              | 1,250,265 |   |   |   | 1,422 |   |   |   | 62,783 |   |   |   | 900 |   |   |   | 30 |   |   |   | 16,073 |   |   |   | 1,331,473 |   |
|   Construction, acquisition and development |   |              | 845,725   |   |   |   | 1,882 |   |   |   | 138,929 |   |   |   | 2,243 |   |   |   | 1,046 |   |   |   | 184,918 |   |   |   | 1,174,743 |   |
|   Commercial                                |   |              | 1,688,228 |   |   |   | 5,565 |   |   |   | 86,358 |   |   |   | 98 |   |   |   | 495 |   |   |   | 36,207 |   |   |   | 1,816,951 |   |
| Credit Cards                                          |   |              | 106,181   |   |   |   | 11 |   |   |   | 146 |   |   |   | 7 |   |   |   | - |   |   |   | - |   |   |   | 106,345 |   |
| All other                                             |   |              | 641,292   |   |   |   | 35 |   |   |   | 22,735 |   |   |   | 477 |   |   |   | 44 |   |   |   | 702 |   |   |   | 665,285 |   |
|     Total                         |   | $                 | 8,527,975 |   |   | $ | 18,086 |   |   | $ | 501,800 |   |   | $ | 9,021 |   |   | $ | 2,820 |   |   | $ | 273,405 |   |   | $ | 9,333,107 |   |

----

|                                                              |   | June 30, 2011  |    |
|-------------------------------------------------------------------|--------|----------------|---------|
|                                                              |   |           |    |   | Unpaid |   |   |   |   |   | Average Recorded Investment |   |   | Interest Income Recognized |   |
|                                                              |   | Recorded       |    |   | Principal |   |   | Related |   |   | Three months |   |   | Six months |   |   | Three months |   |   | Six months |   |
|                                                              |   | Investment in  |    |   | Balance of |   |   | Allowance for |   |   | ended |   |   | ended |   |   | ended |   |   | ended |   |
|                                                              |   | Impaired Loans |    |   | Impaired Loans |   |   | Credit Losses |   |   | June 30, 2011 |   |   | June 30, 2011 |   |   | June 30, 2011 |   |   | June 30, 2011 |   |
|                                                              |   | (In thousands) |    |
| With no related allowance:                                        |   |           |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Commercial and industrial                                         |   | $              | 4,395   |   |   | $ | 6,269 |   |   | $ | - |   |   | $ | 5,589 |   |   | $ | 4,258 |   |   | $ | 31 |   |   | $ | 36 |   |
| Real estate                                                       |   |           |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Consumer mortgage                                     |   |           | 15,758  |   |   |   | 19,023 |   |   |   | - |   |   |   | 27,727 |   |   |   | 23,897 |   |   |   | 195 |   |   |   | 259 |   |
|   Home equity                                           |   |           | 456     |   |   |   | 561 |   |   |   | - |   |   |   | 632 |   |   |   | 489 |   |   |   | - |   |   |   | - |   |
|   Agricultural                                          |   |           | 2,101   |   |   |   | 2,177 |   |   |   | - |   |   |   | 3,808 |   |   |   | 3,120 |   |   |   | 18 |   |   |   | 18 |   |
|   Commercial and industrial-owner occupied              |   |           | 12,060  |   |   |   | 16,955 |   |   |   | - |   |   |   | 12,727 |   |   |   | 10,162 |   |   |   | 53 |   |   |   | 110 |   |
|   Construction, acquisition and development             |   |           | 118,763 |   |   |   | 160,553 |   |   |   | - |   |   |   | 156,510 |   |   |   | 122,221 |   |   |   | 391 |   |   |   | 461 |   |
|   Commercial                                            |   |           | 10,681  |   |   |   | 14,502 |   |   |   | - |   |   |   | 23,220 |   |   |   | 23,506 |   |   |   | 112 |   |   |   | 160 |   |
| All other                                                         |   |           | 819     |   |   |   | 5,297 |   |   |   | - |   |   |   | 2,283 |   |   |   | 1,535 |   |   |   | 51 |   |   |   | 59 |   |
|     Total                                     |   | $              | 165,033 |   |   | $ | 225,337 |   |   | $ | - |   |   | $ | 232,496 |   |   | $ | 189,188 |   |   | $ | 851 |   |   | $ | 1,103 |   |
|                                                              |   |           |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| With an allowance:                                                |   |           |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Commercial and industrial                                         |   | $              | 1,590   |   |   | $ | 1,688 |   |   | $ | 456 |   |   | $ | 3,794 |   |   | $ | 4,342 |   |   | $ | 5 |   |   | $ | 5 |   |
| Real estate                                                       |   |           |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Consumer mortgage                                     |   |           | 7,985   |   |   |   | 8,089 |   |   |   | 2,278 |   |   |   | 16,603 |   |   |   | 17,987 |   |   |   | 102 |   |   |   | 249 |   |
|   Home equity                                           |   |           | 214     |   |   |   | 214 |   |   |   | 39 |   |   |   | 144 |   |   |   | 385 |   |   |   | 1 |   |   |   | 1 |   |
|   Agricultural                                          |   |           | 5,215   |   |   |   | 5,690 |   |   |   | 1,729 |   |   |   | 4,202 |   |   |   | 3,887 |   |   |   | 4 |   |   |   | 18 |   |
|   Commercial and industrial-owner occupied              |   |           | 9,130   |   |   |   | 9,450 |   |   |   | 3,151 |   |   |   | 12,191 |   |   |   | 12,150 |   |   |   | 45 |   |   |   | 58 |   |
|   Construction, acquisition and development             |   |           | 78,268  |   |   |   | 85,856 |   |   |   | 27,721 |   |   |   | 87,236 |   |   |   | 95,224 |   |   |   | 572 |   |   |   | 965 |   |
|   Commercial                                            |   |           | 35,172  |   |   |   | 37,386 |   |   |   | 10,642 |   |   |   | 34,377 |   |   |   | 31,134 |   |   |   | 183 |   |   |   | 399 |   |
| All other                                                         |   |           | 1,050   |   |   |   | 1,050 |   |   |   | 794 |   |   |   | 3,396 |   |   |   | 1,706 |   |   |   | 4 |   |   |   | 5 |   |
|     Total                                     |   | $              | 138,624 |   |   | $ | 149,423 |   |   | $ | 46,810 |   |   | $ | 161,943 |   |   | $ | 166,815 |   |   | $ | 916 |   |   | $ | 1,700 |   |
|                                                              |   |           |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total:                                                            |   |           |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Commercial and industrial                                         |   | $              | 5,985   |   |   | $ | 7,957 |   |   | $ | 456 |   |   | $ | 9,383 |   |   | $ | 8,600 |   |   | $ | 36 |   |   | $ | 41 |   |
| Real estate                                                       |   |           |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Consumer mortgage                                     |   |           | 23,743  |   |   |   | 27,112 |   |   |   | 2,278 |   |   |   | 44,330 |   |   |   | 41,884 |   |   |   | 297 |   |   |   | 508 |   |
|   Home equity                                           |   |           | 670     |   |   |   | 775 |   |   |   | 39 |   |   |   | 776 |   |   |   | 874 |   |   |   | 1 |   |   |   | 1 |   |
|   Agricultural                                          |   |           | 7,316   |   |   |   | 7,867 |   |   |   | 1,729 |   |   |   | 8,010 |   |   |   | 7,007 |   |   |   | 22 |   |   |   | 36 |   |
| Commercial and industrial-     owner occupied |   |           | 21,190  |   |   |   | 26,405 |   |   |   | 3,151 |   |   |   | 24,918 |   |   |   | 22,312 |   |   |   | 98 |   |   |   | 168 |   |
|   Construction, acquisition and   development |   |           | 197,031 |   |   |   | 246,409 |   |   |   | 27,721 |   |   |   | 243,746 |   |   |   | 217,445 |   |   |   | 963 |   |   |   | 1,426 |   |
|   Commercial                                            |   |           | 45,853  |   |   |   | 51,888 |   |   |   | 10,642 |   |   |   | 57,597 |   |   |   | 54,640 |   |   |   | 295 |   |   |   | 559 |   |
| All other                                                         |   |           | 1,869   |   |   |   | 6,347 |   |   |   | 794 |   |   |   | 5,679 |   |   |   | 3,241 |   |   |   | 55 |   |   |   | 64 |   |
|     Total                                     |   | $              | 303,657 |   |   | $ | 374,760 |   |   | $ | 46,810 |   |   | $ | 394,439 |   |   | $ | 356,003 |   |   | $ | 1,767 |   |   | $ | 2,803 |   |

----

|                                                  |   | December 31, 2010 |    |
|-------------------------------------------------------|--------|-------------------|---------|
|                                                  |   |              |    |   | Unpaid |   |   |   |   |
|                                                  |   | Recorded          |    |   | Principal |   |   | Related |   |
|                                                  |   | Investment in     |    |   | Balance of |   |   | Allowance for |   |
|                                                  |   | Impaired Loans    |    |   | Impaired Loans |   |   | Credit Losses |   |
|                                                  |   | (In thousands)    |    |
| With no related allowance:                            |   |              |    |   |   |   |   |   |   |
| Commercial and industrial                             |   | $                 | 1,457   |   |   | $ | 2,600 |   |   | $ | - |   |
| Real estate                                           |   |              |    |   |   |   |   |   |   |   |   |   |
|   Consumer mortgage                         |   |              | 11,228  |   |   |   | 14,273 |   |   |   | - |   |
|   Home equity                               |   |              | 290     |   |   |   | 629 |   |   |   | - |   |
|   Agricultural                              |   |              | 1,439   |   |   |   | 1,981 |   |   |   | - |   |
|   Commercial and industrial-owner occupied  |   |              | 10,920  |   |   |   | 12,371 |   |   |   | - |   |
|   Construction, acquisition and development |   |              | 80,204  |   |   |   | 120,938 |   |   |   | - |   |
|   Commercial                                |   |              | 15,795  |   |   |   | 20,478 |   |   |   | - |   |
| All other                                             |   |              | 702     |   |   |   | 931 |   |   |   | - |   |
|     Total                         |   | $                 | 122,035 |   |   | $ | 174,201 |   |   | $ | - |   |
|                                                  |   |              |    |   |   |   |   |   |   |   |   |   |
| With an allowance:                                    |   |              |    |   |   |   |   |   |   |   |   |   |
| Commercial and industrial                             |   | $                 | 679     |   |   | $ | 977 |   |   | $ | 125 |   |
| Real estate                                           |   |              |    |   |   |   |   |   |   |   |   |   |
|   Consumer mortgage                         |   |              | 16,995  |   |   |   | 16,644 |   |   |   | 4,226 |   |
|   Home equity                               |   |              | 561     |   |   |   | 561 |   |   |   | 41 |   |
|   Agricultural                              |   |              | 2,856   |   |   |   | 3,132 |   |   |   | 544 |   |
|   Commercial and industrial-owner occupied  |   |              | 5,153   |   |   |   | 5,298 |   |   |   | 1,361 |   |
|   Construction, acquisition and development |   |              | 104,714 |   |   |   | 123,538 |   |   |   | 29,195 |   |
|   Commercial                                |   |              | 20,412  |   |   |   | 21,026 |   |   |   | 5,227 |   |
| All other                                             |   |              | -       |   |   |   | - |   |   |   | - |   |
|     Total                         |   | $                 | 151,370 |   |   | $ | 171,176 |   |   | $ | 40,719 |   |
|                                                  |   |              |    |   |   |   |   |   |   |   |   |   |
| Total:                                                |   |              |    |   |   |   |   |   |   |   |   |   |
| Commercial and industrial                             |   | $                 | 2,136   |   |   | $ | 3,577 |   |   | $ | 125 |   |
| Real estate                                           |   |              |    |   |   |   |   |   |   |   |   |   |
|   Consumer mortgage                         |   |              | 28,223  |   |   |   | 30,917 |   |   |   | 4,226 |   |
|   Home equity                               |   |              | 851     |   |   |   | 1,190 |   |   |   | 41 |   |
|   Agricultural                              |   |              | 4,295   |   |   |   | 5,113 |   |   |   | 544 |   |
|   Commercial and industrial-owner occupied  |   |              | 16,073  |   |   |   | 17,669 |   |   |   | 1,361 |   |
|   Construction, acquisition and development |   |              | 184,918 |   |   |   | 244,476 |   |   |   | 29,195 |   |
|   Commercial                                |   |              | 36,207  |   |   |   | 41,504 |   |   |   | 5,227 |   |
| All other                                             |   |              | 702     |   |   |   | 931 |   |   |   | - |   |
|     Total                         |   | $                 | 273,405 |   |   | $ | 345,377 |   |   | $ | 40,719 |   |

----

|                                    |   | June 30, 2011  |    |
|-----------------------------------------|--------|----------------|---------|
|                                    |   |           |    |   | Unpaid |   |   |   |   |   | Average Recorded Investment |   |   | Interest Income Recognized |   |
|                                    |   | Recorded       |    |   | Principal |   |   | Related |   |   | Three months |   |   | Six months |   |   | Three months |   |   | Six months |   |
|                                    |   | Investment in  |    |   | Balance of |   |   | Allowance for |   |   | ended |   |   | ended |   |   | ended |   |   | ended |   |
|                                    |   | Impaired Loans |    |   | Impaired Loans |   |   | Credit Losses |   |   | June 30, 2011 |   |   | June 30, 2011 |   |   | June 30, 2011 |   |   | June 30, 2011 |   |
|                                    |   | (In thousands) |    |
| With no related allowance:              |   |           |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Multi-family construction               |   | $              | 9,174   |   |   | $ | 11,756 |   |   | $ | - |   |   | $ | 10,205 |   |   | $ | 9,466 |   |   | $ | - |   |   | $ | - |   |
| One-to-four family construction         |   |           | 14,297  |   |   |   | 17,753 |   |   |   | - |   |   |   | 11,172 |   |   |   | 7,861 |   |   |   | 28 |   |   |   | 33 |   |
| Recreation and all other loans          |   |           | 774     |   |   |   | 1,230 |   |   |   | - |   |   |   | 660 |   |   |   | 403 |   |   |   | 3 |   |   |   | 4 |   |
| Commercial construction                 |   |           | 8,157   |   |   |   | 12,097 |   |   |   | - |   |   |   | 20,194 |   |   |   | 15,974 |   |   |   | 53 |   |   |   | 55 |   |
| Commercial acquisition and development  |   |           | 19,232  |   |   |   | 25,254 |   |   |   | - |   |   |   | 24,619 |   |   |   | 20,560 |   |   |   | 49 |   |   |   | 49 |   |
| Residential acquisition and development |   |           | 67,129  |   |   |   | 92,463 |   |   |   | - |   |   |   | 89,660 |   |   |   | 67,957 |   |   |   | 258 |   |   |   | 320 |   |
|     Total           |   | $              | 118,763 |   |   | $ | 160,553 |   |   | $ | - |   |   | $ | 156,510 |   |   | $ | 122,221 |   |   | $ | 391 |   |   | $ | 461 |   |
|                                    |   |           |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| With an allowance:                      |   |           |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Multi-family construction               |   | $              | -       |   |   | $ | - |   |   | $ | - |   |   | $ | 981 |   |   | $ | 1,184 |   |   | $ | - |   |   | $ | - |   |
| One-to-four family construction         |   |           | 8,871   |   |   |   | 8,977 |   |   |   | 2,535 |   |   |   | 5,113 |   |   |   | 5,120 |   |   |   | 44 |   |   |   | 44 |   |
| Recreation and all other loans          |   |           | -       |   |   |   | - |   |   |   | 0 |   |   |   | 291 |   |   |   | 474 |   |   |   | - |   |   |   | 2 |   |
| Commercial construction                 |   |           | 8,460   |   |   |   | 12,532 |   |   |   | 2,264 |   |   |   | 7,210 |   |   |   | 8,452 |   |   |   | 25 |   |   |   | 70 |   |
| Commercial acquisition and development  |   |           | 17,203  |   |   |   | 17,695 |   |   |   | 6,083 |   |   |   | 16,463 |   |   |   | 16,505 |   |   |   | 175 |   |   |   | 331 |   |
| Residential acquisition and development |   |           | 43,734  |   |   |   | 46,652 |   |   |   | 16,839 |   |   |   | 57,178 |   |   |   | 63,489 |   |   |   | 328 |   |   |   | 518 |   |
|     Total           |   | $              | 78,268  |   |   | $ | 85,856 |   |   | $ | 27,721 |   |   | $ | 87,236 |   |   | $ | 95,224 |   |   | $ | 572 |   |   | $ | 965 |   |
|                                    |   |           |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total:                                  |   |           |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Multi-family construction               |   | $              | 9,174   |   |   | $ | 11,756 |   |   | $ | - |   |   | $ | 11,186 |   |   | $ | 10,650 |   |   | $ | - |   |   | $ | - |   |
| One-to-four family construction         |   |           | 23,168  |   |   |   | 26,730 |   |   |   | 2,535 |   |   |   | 16,285 |   |   |   | 12,981 |   |   |   | 72 |   |   |   | 77 |   |
| Recreation and all other loans          |   |           | 774     |   |   |   | 1,230 |   |   |   | - |   |   |   | 951 |   |   |   | 877 |   |   |   | 3 |   |   |   | 6 |   |
| Commercial construction                 |   |           | 16,617  |   |   |   | 24,629 |   |   |   | 2,264 |   |   |   | 27,404 |   |   |   | 24,426 |   |   |   | 78 |   |   |   | 125 |   |
| Commercial acquisition and development  |   |           | 36,435  |   |   |   | 42,949 |   |   |   | 6,083 |   |   |   | 41,082 |   |   |   | 37,065 |   |   |   | 224 |   |   |   | 380 |   |
| Residential acquisition and development |   |           | 110,863 |   |   |   | 139,115 |   |   |   | 16,839 |   |   |   | 146,838 |   |   |   | 131,446 |   |   |   | 586 |   |   |   | 838 |   |
|     Total           |   | $              | 197,031 |   |   | $ | 246,409 |   |   | $ | 27,721 |   |   | $ | 243,746 |   |   | $ | 217,445 |   |   | $ | 963 |   |   | $ | 1,426 |   |

----

| `                                       |   | December 31, 2010 |    |
|-----------------------------------------|--------|-------------------|---------|
|                                    |   |              |    |   | Unpaid |   |   |   |   |
|                                    |   | Recorded          |    |   | Principal |   |   | Related |   |
|                                    |   | Investment in     |    |   | Balance of |   |   | Allowance for |   |
|                                    |   | Impaired Loans    |    |   | Impaired Loans |   |   | Credit Losses |   |
|                                    |   | (In thousands)    |    |
| With no related allowance:              |   |              |    |   |   |   |   |   |   |
| Multi-family construction               |   | $                 | 8,293   |   |   | $ | 9,975 |   |   | $ | - |   |
| One-to-four family construction         |   |              | 6,511   |   |   |   | 11,749 |   |   |   | - |   |
| Recreation and all other loans          |   |              | 392     |   |   |   | 580 |   |   |   | - |   |
| Commercial construction                 |   |              | 11,171  |   |   |   | 13,062 |   |   |   | - |   |
| Commercial acquisition and development  |   |              | 7,897   |   |   |   | 12,501 |   |   |   | - |   |
| Residential acquisition and development |   |              | 45,940  |   |   |   | 73,071 |   |   |   | - |   |
|     Total           |   | $                 | 80,204  |   |   | $ | 120,938 |   |   | $ | - |   |
|                                    |   |              |    |   |   |   |   |   |   |   |   |   |
| With an allowance:                      |   |              |    |   |   |   |   |   |   |   |   |   |
| Multi-family construction               |   | $                 | 1,904   |   |   | $ | 6,978 |   |   | $ | 4 |   |
| One-to-four family construction         |   |              | 11,939  |   |   |   | 14,846 |   |   |   | 932 |   |
| Recreation and all other loans          |   |              | 498     |   |   |   | 498 |   |   |   | 148 |   |
| Commercial construction                 |   |              | 12,459  |   |   |   | 12,612 |   |   |   | 5,246 |   |
| Commercial acquisition and development  |   |              | 21,575  |   |   |   | 21,575 |   |   |   | 8,424 |   |
| Residential acquisition and development |   |              | 56,339  |   |   |   | 67,029 |   |   |   | 14,441 |   |
|     Total           |   | $                 | 104,714 |   |   | $ | 123,538 |   |   | $ | 29,195 |   |
|                                    |   |              |    |   |   |   |   |   |   |   |   |   |
| Total:                                  |   |              |    |   |   |   |   |   |   |   |   |   |
| Multi-family construction               |   | $                 | 10,197  |   |   | $ | 16,953 |   |   | $ | 4 |   |
| One-to-four family construction         |   |              | 18,450  |   |   |   | 26,595 |   |   |   | 932 |   |
| Recreation and all other loans          |   |              | 890     |   |   |   | 1,078 |   |   |   | 148 |   |
| Commercial construction                 |   |              | 23,630  |   |   |   | 25,674 |   |   |   | 5,246 |   |
| Commercial acquisition and development  |   |              | 29,472  |   |   |   | 34,076 |   |   |   | 8,424 |   |
| Residential acquisition and development |   |              | 102,279 |   |   |   | 140,100 |   |   |   | 14,441 |   |
|     Total           |   | $                 | 184,918 |   |   | $ | 244,476 |   |   | $ | 29,195 |   |

----

|                                                      |   | June 30,       |    |   | December 31, |   |
|-----------------------------------------------------------|--------|----------------|---------|--------|--------------|--------|
|                                                      |   | 2011           |    |   | 2010         |   |   | 2010 |   |
|                                                      |   | (In thousands) |    |
|                                                      |   |           |    |   |         |   |   |   |   |
| Non-accrual loans and leases                              |   | $              | 331,076 |   |         | $      | 263,758 |   |   | $ | 347,499 |   |
| Loans and leases 90 days or more past due, still accruing |   |           | 3,980   |   |         |   | 17,696 |   |   |   | 8,500 |   |
| Restructured loans and leases still accruing              |   |           | 44,786  |   |         |   | 20,813 |   |   |   | 38,376 |   |
| Total non-performing loans and leases                     |   | $              | 379,842 |   |         | $      | 302,267 |   |   | $ | 394,375 |   |

|                                                        |   | June 30,       |    |   | December 31, |   |
|-------------------------------------------------------------|--------|----------------|---------|--------|--------------|--------|
|                                                        |   | 2011           |    |   | 2010         |   |   | 2010 |   |
|                                                        |   | (In thousands) |    |
| Commercial and industrial                                   |   | $              | 9,337   |   |         | $      | 6,280 |   |   | $ | 13,075 |   |
| Real estate                                                 |   |           |    |   |         |   |   |   |   |   |   |   |
|    Consumer mortgages                        |   |           | 34,174  |   |         |   | 22,618 |   |   |   | 34,021 |   |
|    Home equity                               |   |           | 1,232   |   |         |   | 1,565 |   |   |   | 811 |   |
|    Agricultural                              |   |           | 8,526   |   |         |   | 3,972 |   |   |   | 7,589 |   |
|    Commercial and industrial-owner occupied  |   |           | 26,387  |   |         |   | 12,061 |   |   |   | 20,338 |   |
|    Construction, acquisition and development |   |           | 200,434 |   |         |   | 174,725 |   |   |   | 211,547 |   |
|    Commercial                                |   |           | 48,571  |   |         |   | 38,921 |   |   |   | 57,766 |   |
| Credit cards                                                |   |           | 546     |   |         |   | 726 |   |   |   | 720 |   |
| All other                                                   |   |           | 1,869   |   |         |   | 2,890 |   |   |   | 1,632 |   |
|      Total                         |   | $              | 331,076 |   |         | $      | 263,758 |   |   | $ | 347,499 |   |

----

|                                                  |   | Six months ended |    |
|-------------------------------------------------------|--------|------------------|---------|
|                                                  |   | June 30, 2011    |    |
|                                                  |   | Balance,         |    |   |   |   |   |   |   |   |   |   |   | Balance, |   |
|                                                  |   | Beginning of     |    |   |   |   |   |   |   |   |   |   |   | End of |   |
|                                                  |   | Period           |    |   | Charge-offs |   |   | Recoveries |   |   | Provision |   |   | Period |   |
|                                                  |   | (In thousands)   |    |
| Commercial and industrial                             |   | $                | 22,479  |   |   | $ | (14,365 | ) |   | $ | 773 |   |   | $ | 13,953 |   |   | $ | 22,840 |   |
| Real estate                                           |   |             |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Consumer mortgage                         |   |             | 35,540  |   |   |   | (4,889 | ) |   |   | 363 |   |   |   | 6,031 |   |   |   | 37,045 |   |
|   Home equity                               |   |             | 7,305   |   |   |   | (2,473 | ) |   |   | 91 |   |   |   | 2,697 |   |   |   | 7,620 |   |
|   Agricultural                              |   |             | 4,997   |   |   |   | (965 | ) |   |   | 47 |   |   |   | 630 |   |   |   | 4,709 |   |
|   Commercial and industrial-owner occupied  |   |             | 20,403  |   |   |   | (4,944 | ) |   |   | 194 |   |   |   | 8,991 |   |   |   | 24,644 |   |
|   Construction, acquisition and development |   |             | 59,048  |   |   |   | (49,126 | ) |   |   | 2,057 |   |   |   | 41,941 |   |   |   | 53,920 |   |
|   Commercial                                |   |             | 33,439  |   |   |   | (6,111 | ) |   |   | 405 |   |   |   | 7,560 |   |   |   | 35,293 |   |
| Credit Cards                                          |   |             | 4,126   |   |   |   | (1,606 | ) |   |   | 494 |   |   |   | 473 |   |   |   | 3,487 |   |
| All other                                             |   |             | 9,576   |   |   |   | (5,524 | ) |   |   | 574 |   |   |   | 3,443 |   |   |   | 8,069 |   |
|     Total                         |   | $                | 196,913 |   |   | $ | (90,003 | ) |   | $ | 4,998 |   |   | $ | 85,719 |   |   | $ | 197,627 |   |

|                                                  |   | Year ended        |    |
|-------------------------------------------------------|--------|-------------------|---------|
|                                                  |   | December 31, 2010 |    |
|                                                  |   | Balance,          |    |   |   |   |   |   |   |   |   |   |   | Balance, |   |
|                                                  |   | Beginning of      |    |   |   |   |   |   |   |   |   |   |   | End of |   |
|                                                  |   | Period            |    |   | Charge-offs |   |   | Recoveries |   |   | Provision |   |   | Period |   |
|                                                  |   | (In thousands)    |    |
| Commercial and industrial                             |   | $                 | 21,154  |   |   | $ | (11,879 | ) |   | $ | 1,330 |   |   | $ | 11,874 |   |   | $ | 22,479 |   |
| Real estate                                           |   |              |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Consumer mortgage                         |   |              | 37,048  |   |   |   | (16,280 | ) |   |   | 1,448 |   |   |   | 13,324 |   |   |   | 35,540 |   |
|   Home equity                               |   |              | 7,218   |   |   |   | (5,215 | ) |   |   | 179 |   |   |   | 5,123 |   |   |   | 7,305 |   |
|   Agricultural                              |   |              | 4,192   |   |   |   | (1,201 | ) |   |   | 12 |   |   |   | 1,994 |   |   |   | 4,997 |   |
|   Commercial and industrial-owner occupied  |   |              | 22,989  |   |   |   | (9,200 | ) |   |   | 399 |   |   |   | 6,215 |   |   |   | 20,403 |   |
|   Construction, acquisition and development |   |              | 46,193  |   |   |   | (122,596 | ) |   |   | 1,706 |   |   |   | 133,745 |   |   |   | 59,048 |   |
|   Commercial                                |   |              | 26,694  |   |   |   | (14,084 | ) |   |   | 845 |   |   |   | 19,984 |   |   |   | 33,439 |   |
| Credit Cards                                          |   |              | 3,481   |   |   |   | (4,559 | ) |   |   | 829 |   |   |   | 4,375 |   |   |   | 4,126 |   |
| All other                                             |   |              | 7,074   |   |   |   | (6,008 | ) |   |   | 1,128 |   |   |   | 7,382 |   |   |   | 9,576 |   |
|     Total                         |   | $                 | 176,043 |   |   | $ | (191,022 | ) |   | $ | 7,876 |   |   | $ | 204,016 |   |   | $ | 196,913 |   |

----

|                                                  |   | Six months ended |    |
|-------------------------------------------------------|--------|------------------|---------|
|                                                  |   | June 30, 2010    |    |
|                                                  |   | Balance,         |    |   |   |   |   |   |   |   |   |   |   | Balance, |   |
|                                                  |   | Beginning of     |    |   |   |   |   |   |   |   |   |   |   | End of |   |
|                                                  |   | Period           |    |   | Charge-offs |   |   | Recoveries |   |   | Provision |   |   | Period |   |
|                                                  |   | (In thousands)   |    |
| Commercial and industrial                             |   | $                | 21,154  |   |   | $ | (7,275 | ) |   | $ | 305 |   |   | $ | 8,334 |   |   | $ | 22,518 |   |
| Real estate                                           |   |             |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Consumer mortgage                         |   |             | 37,048  |   |   |   | (7,591 | ) |   |   | 882 |   |   |   | 2,256 |   |   |   | 32,595 |   |
|   Home equity                               |   |             | 7,218   |   |   |   | (2,285 | ) |   |   | 95 |   |   |   | 1,751 |   |   |   | 6,779 |   |
|   Agricultural                              |   |             | 4,192   |   |   |   | (680 | ) |   |   | - |   |   |   | 255 |   |   |   | 3,767 |   |
|   Commercial and industrial-owner occupied  |   |             | 22,989  |   |   |   | (6,310 | ) |   |   | 51 |   |   |   | 5,803 |   |   |   | 22,533 |   |
|   Construction, acquisition and development |   |             | 46,193  |   |   |   | (49,090 | ) |   |   | 267 |   |   |   | 70,935 |   |   |   | 68,305 |   |
|   Commercial                                |   |             | 26,694  |   |   |   | (4,871 | ) |   |   | 39 |   |   |   | 6,781 |   |   |   | 28,643 |   |
| Credit Cards                                          |   |             | 3,481   |   |   |   | (2,523 | ) |   |   | 369 |   |   |   | 1,984 |   |   |   | 3,311 |   |
| All other                                             |   |             | 7,074   |   |   |   | (3,117 | ) |   |   | 562 |   |   |   | 7,774 |   |   |   | 12,293 |   |
|     Total                         |   | $                | 176,043 |   |   | $ | (83,742 | ) |   | $ | 2,570 |   |   | $ | 105,873 |   |   | $ | 200,744 |   |

|                                                  |   | June 30, 2011  |    |
|-------------------------------------------------------|--------|----------------|---------|
|                                                  |   | Recorded       |    |   | Allowance for |   |   | Allowance for |   |   |   |   |
|                                                  |   | Balance of     |    |   | Impaired Loans |   |   | All Other Loans |   |   | Total |   |
|                                                  |   | Impaired Loans |    |   | and Leases |   |   | and Leases |   |   | Allowance |   |
|                                                  |   | (In thousands) |    |
| Commercial and industrial                             |   | $              | 5,985   |   |   | $ | 456 |   |   | $ | 22,384 |   |   | $ | 22,840 |   |
| Real estate                                           |   |           |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Consumer mortgage                         |   |           | 23,743  |   |   |   | 2,278 |   |   |   | 34,767 |   |   |   | 37,045 |   |
|   Home equity                               |   |           | 670     |   |   |   | 39 |   |   |   | 7,581 |   |   |   | 7,620 |   |
|   Agricultural                              |   |           | 7,316   |   |   |   | 1,729 |   |   |   | 2,980 |   |   |   | 4,709 |   |
|   Commercial and industrial-owner occupied  |   |           | 21,190  |   |   |   | 3,151 |   |   |   | 21,493 |   |   |   | 24,644 |   |
|   Construction, acquisition and development |   |           | 197,031 |   |   |   | 27,721 |   |   |   | 26,199 |   |   |   | 53,920 |   |
|   Commercial                                |   |           | 45,853  |   |   |   | 10,642 |   |   |   | 24,651 |   |   |   | 35,293 |   |
| Credit Cards                                          |   |           | -       |   |   |   | - |   |   |   | 3,487 |   |   |   | 3,487 |   |
| All other                                             |   |           | 1,869   |   |   |   | 794 |   |   |   | 7,275 |   |   |   | 8,069 |   |
|     Total                         |   | $              | 303,657 |   |   | $ | 46,810 |   |   | $ | 150,817 |   |   | $ | 197,627 |   |

----

|                                                  |   | December 31, 2010 |    |
|-------------------------------------------------------|--------|-------------------|---------|
|                                                  |   | Recorded          |    |   | Allowance for |   |   | Allowance for |   |   |   |   |
|                                                  |   | Balance of        |    |   | Impaired Loans |   |   | All Other Loans |   |   | Total |   |
|                                                  |   | Impaired Loans    |    |   | and Leases |   |   | and Leases |   |   | Allowance |   |
|                                                  |   | (In thousands)    |    |
| Commercial and industrial                             |   | $                 | 2,136   |   |   | $ | 125 |   |   | $ | 22,354 |   |   | $ | 22,479 |   |
| Real estate                                           |   |              |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Consumer mortgage                         |   |              | 28,223  |   |   |   | 4,226 |   |   |   | 31,314 |   |   |   | 35,540 |   |
|   Home equity                               |   |              | 851     |   |   |   | 41 |   |   |   | 7,264 |   |   |   | 7,305 |   |
|   Agricultural                              |   |              | 4,295   |   |   |   | 544 |   |   |   | 4,453 |   |   |   | 4,997 |   |
|   Commercial and industrial-owner occupied  |   |              | 16,073  |   |   |   | 1,361 |   |   |   | 19,042 |   |   |   | 20,403 |   |
|   Construction, acquisition and development |   |              | 184,918 |   |   |   | 29,195 |   |   |   | 29,853 |   |   |   | 59,048 |   |
|   Commercial                                |   |              | 36,207  |   |   |   | 5,227 |   |   |   | 28,212 |   |   |   | 33,439 |   |
| Credit Cards                                          |   |              | -       |   |   |   | - |   |   |   | 4,126 |   |   |   | 4,126 |   |
| All other                                             |   |              | 702     |   |   |   | - |   |   |   | 9,576 |   |   |   | 9,576 |   |
|     Total                         |   | $                 | 273,405 |   |   | $ | 40,719 |   |   | $ | 156,194 |   |   | $ | 196,913 |   |

|                                                    |   | Six months ended |    |   | Year ended   |   |
|---------------------------------------------------------|--------|------------------|---------|--------|--------------|--------|
|                                                    |   | June 30,         |    |   | December 31, |   |
|                                                    |   | 2011             |    |   | 2010         |   |   | 2010 |   |
|                                                    |   | (In thousands)   |    |
| Balance at beginning of period                          |   | $                | 133,412 |   |         | $      | 59,265 |   |   | $ | 59,265 |   |
| Additions to foreclosed properties                      |   |             |    |   |         |   |   |   |   |   |   |   |
|      New foreclosed properties |   |             | 59,663  |   |         |   | 37,105 |   |   |   | 129,796 |   |
| Reductions in foreclosed properties                     |   |             |    |   |         |   |   |   |   |   |   |   |
|      Sales                     |   |             | (34,663 | )      |         |   | (24,332 | ) |   |   | (45,217 | ) |
|      Writedowns                |   |             | (7,208  | )      |         |   | (4,478 | ) |   |   | (10,432 | ) |
| Balance at end of period                                |   | $                | 151,204 |   |         | $      | 67,560 |   |   | $ | 133,412 |   |

----

|                                                        |   | Alabama        |   |   |     |   |   |        |   |   |     |   |   | Greater |   |   |      |   |   |      |   |   |   |   |   |   |   |
|-------------------------------------------------------------|--------|----------------|--------|--------|----------|--------|--------|-------------|--------|--------|----------|--------|--------|---------|--------|--------|-----------|--------|--------|-----------|--------|--------|--------|--------|--------|--------|--------|
|                                                        |   | and Florida    |   |   |     |   |   |        |   |   |     |   |   | Memphis |   |   | Northeast |   |   | Texas and |   |   |   |   |   |   |   |
|                                                        |   | Panhandle      |   |   | Arkansas |   |   | Mississippi |   |   | Missouri |   |   | Area    |   |   | Tennessee |   |   | Louisiana |   |   | Other  |   |   | Total  |   |
|                                                        |   | (In thousands) |   |
| Commercial and industrial                                   |   | $              | 439    |   |     | $      | 18     |        |   | $      | -        |   |   | $       | -      |   |      | $      | 946    |      |   | $      | -      |   |   | $      | -      |   |   | $ | - |   |   | $ | 1,403 |   |
| Real estate                                                 |   |           |   |   |     |   |   |        |   |   |     |   |   |    |   |   |      |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Consumer mortgages                        |   |           | 3,985  |   |     |   | 327    |        |   |   | 3,391    |   |   |    | 762    |   |      |   | 6,078  |      |   |   | 2,642  |   |   |   | 1,120  |   |   |   | 1,649 |   |   |   | 19,954 |   |
|    Home equity                               |   |           | -      |   |     |   | 58     |        |   |   | 291      |   |   |    | -      |   |      |   | -      |      |   |   | 368    |   |   |   | -      |   |   |   | - |   |   |   | 717 |   |
|    Agricultural                              |   |           | 950    |   |     |   | 87     |        |   |   | 2,081    |   |   |    | -      |   |      |   | 1,551  |      |   |   | -      |   |   |   | -      |   |   |   | - |   |   |   | 4,669 |   |
|    Commercial and industrial-owner occupied  |   |           | 930    |   |     |   | 109    |        |   |   | 1,740    |   |   |    | 79     |   |      |   | 3,515  |      |   |   | 446    |   |   |   | 228    |   |   |   | 292 |   |   |   | 7,339 |   |
|    Construction, acquisition and development |   |           | 9,334  |   |     |   | 2,231  |        |   |   | 26,052   |   |   |    | 2,952  |   |      |   | 49,562 |      |   |   | 14,931 |   |   |   | 2,669  |   |   |   | 621 |   |   |   | 108,352 |   |
|    Commercial                                |   |           | 2,757  |   |     |   | 1,725  |        |   |   | 1,112    |   |   |    | 451    |   |      |   | 1,215  |      |   |   | 203    |   |   |   | 584    |   |   |   | - |   |   |   | 8,047 |   |
| All other                                                   |   |           | 172    |   |     |   | 44     |        |   |   | 312      |   |   |    | 195    |   |      |   | -      |      |   |   | -      |   |   |   | -      |   |   |   | - |   |   |   | 723 |   |
|      Total                         |   | $              | 18,567 |   |     | $      | 4,599  |        |   | $      | 34,979   |   |   | $       | 4,439  |   |      | $      | 62,867 |      |   | $      | 18,590 |   |   | $      | 4,601  |   |   | $ | 2,562 |   |   | $ | 151,204 |   |

|                                             |   | December 31, 2010 |      |
|--------------------------------------------------|--------|-------------------|-----------|
|                                             |   |              |      |   | Gross |   |   | Gross |   |   | Estimated |   |
|                                             |   | Amortized         |      |   | Unrealized |   |   | Unrealized |   |   | Fair |   |
|                                             |   | Cost              |      |   | Gains |   |   | Losses |   |   | Value |   |
|                                             |   | (In thousands)    |      |
| U.S. Government agencies                         |   | $                 | 1,246,649 |   |   | $ | 27,082 |   |   | $ | 4,320 |   |   | $ | 1,269,411 |   |
| Obligations of states and political subdivisions |   |              | 366,370   |   |   |   | 4,286 |   |   |   | 7,376 |   |   |   | 363,280 |   |
|     Total                    |   | $                 | 1,613,019 |   |   | $ | 31,368 |   |   | $ | 11,696 |   |   | $ | 1,632,691 |   |

----

|                                             |   | June 30, 2011  |      |
|--------------------------------------------------|--------|----------------|-----------|
|                                             |   |           |      |   | Gross |   |   | Gross |   |   | Estimated |   |
|                                             |   | Amortized      |      |   | Unrealized |   |   | Unrealized |   |   | Fair |   |
|                                             |   | Cost           |      |   | Gains |   |   | Losses |   |   | Value |   |
|                                             |   | (In thousands) |      |
| U.S. Government agencies                         |   | $              | 1,565,900 |   |   | $ | 33,475 |   |   | $ | 144 |   |   | $ | 1,599,231 |   |
| Government agency issued residential             |   |           |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    mortgage-backed securities     |   |           | 425,416   |   |   |   | 6,847 |   |   |   | 1,861 |   |   |   | 430,402 |   |
| Government agency issued commercial              |   |           |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    mortgage-backed securities     |   |           | 30,420    |   |   |   | 1,325 |   |   |   | 118 |   |   |   | 31,627 |   |
| Obligations of states and political subdivisions |   |           | 472,860   |   |   |   | 14,727 |   |   |   | 934 |   |   |   | 486,653 |   |
| Other                                            |   |           | 12,161    |   |   |   | 750 |   |   |   | - |   |   |   | 12,911 |   |
|     Total                    |   | $              | 2,506,757 |   |   | $ | 57,124 |   |   | $ | 3,057 |   |   | $ | 2,560,824 |   |

|                                             |   | December 31, 2010 |      |
|--------------------------------------------------|--------|-------------------|-----------|
|                                             |   |              |      |   | Gross |   |   | Gross |   |   | Estimated |   |
|                                             |   | Amortized         |      |   | Unrealized |   |   | Unrealized |   |   | Fair |   |
|                                             |   | Cost              |      |   | Gains |   |   | Losses |   |   | Value |   |
|                                             |   | (In thousands)    |      |
| U.S. Government agencies                         |   | $                 | 416,005   |   |   | $ | 17,153 |   |   | $ | - |   |   | $ | 433,158 |   |
| Government agency issued residential             |   |              |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    mortgage-backed securities     |   |              | 498,874   |   |   |   | 5,954 |   |   |   | 1,599 |   |   |   | 503,229 |   |
| Government agency issued commercial              |   |              |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    mortgage-backed securities     |   |              | 29,582    |   |   |   | 676 |   |   |   | 264 |   |   |   | 29,994 |   |
| Obligations of states and political subdivisions |   |              | 110,946   |   |   |   | 965 |   |   |   | 1,746 |   |   |   | 110,165 |   |
| Other                                            |   |              | 18,943    |   |   |   | 573 |   |   |   | - |   |   |   | 19,516 |   |
|     Total                    |   | $                 | 1,074,350 |   |   | $ | 25,321 |   |   | $ | 3,609 |   |   | $ | 1,096,062 |   |

|                                        |   | June 30, 2011          |
|---------------------------------------------|--------|------------------------|
|                                        |   |                   |   |   | Estimated |   |   | Weighted |
|                                        |   | Amortized              |   |   | Fair |   |   | Average |
|                                        |   | Cost                   |   |   | Value |   |   | Yield |
|                                        |   | (Dollars in thousands) |
| Maturing in one year or less                |   | $                      | 330,416 |   |   | $ | 337,666 |   |   |   | 5.09 | % |
| Maturing after one year through five years  |   |                   | 1,443,567 |   |   |   | 1,468,183 |   |   |   | 2.00 |   |
| Maturing after five years through ten years |   |                   | 266,506 |   |   |   | 273,532 |   |   |   | 3.48 |   |
| Maturing after ten years                    |   |                   | 466,268 |   |   |   | 481,443 |   |   |   | 5.61 |   |
|     Total               |   | $                      | 2,506,757 |   |   | $ | 2,560,824 |   |   |   |   |   |

----

|                                   |   | June 30, 2011                       |    |
|----------------------------------------|--------|-------------------------------------|---------|
|                                   |   | Continuous Unrealized Loss Position |    |   |   |   |   |   |   |
|                                   |   | Less Than 12 Months                 |    |   | 12 Months or Longer |   |   | Total |   |
|                                   |   | Fair                                |    |   | Unrealized |   |   | Fair |   |   | Unrealized |   |   | Fair |   |   | Unrealized |   |
|                                   |   | Value                               |    |   | Losses |   |   | Value |   |   | Losses |   |   | Value |   |   | Losses |   |
|                                   |   | (In thousands)                      |    |
| Available-for-sale securities:         |   |                                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| U.S. Government agencies               |   | $                                   | 79,782  |   |   | $ | (144 | ) |   | $ | - |   |   | $ | - |   |   | $ | 79,782 |   |   | $ | (144 | ) |
| Government agency issued residential   |   |                                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   mortgage-backed securities |   |                                | 140,877 |   |   |   | (1,861 | ) |   |   | - |   |   |   | - |   |   |   | 140,877 |   |   |   | (1,861 | ) |
| Government agency issued commercial    |   |                                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   mortgage-backed securities |   |                                | 2,097   |   |   |   | (35 | ) |   |   | 3,963 |   |   |   | (83 | ) |   |   | 6,060 |   |   |   | (118 | ) |
| Obligations of states and              |   |                                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | - |   |
|   political subdivisions     |   |                                | 35,576  |   |   |   | (814 | ) |   |   | 1,248 |   |   |   | (120 | ) |   |   | 36,824 |   |   |   | (934 | ) |
| Other                                  |   |                                | -       |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|     Total          |   | $                                   | 258,332 |   |   | $ | (2,854 | ) |   | $ | 5,211 |   |   | $ | (203 | ) |   | $ | 263,543 |   |   | $ | (3,057 | ) |

|                                   |   | December 31, 2010                   |   |
|----------------------------------------|--------|-------------------------------------|--------|
|                                   |   | Continuous Unrealized Loss Position |   |   |   |   |   |   |   |
|                                   |   | Less Than 12 Months                 |   |   | 12 Months or Longer |   |   | Total |   |
|                                   |   | Fair                                |   |   | Unrealized |   |   | Fair |   |   | Unrealized |   |   | Fair |   |   | Unrealized |   |
|                                   |   | Value                               |   |   | Losses |   |   | Value |   |   | Losses |   |   | Value |   |   | Losses |   |
|                                   |   | (In thousands)                      |   |
| Held-to-maturity securities:           |   |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| U.S. Government agencies               |   | $                                   | -      |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |
| Obligations of states and              |   |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  political subdivisions           |   |                                | 20,322 |   |   |   | 332 |   |   |   | 9,327 |   |   |   | 338 |   |   |   | 29,649 |   |   |   | 670 |   |
|     Total          |   | $                                   | 20,322 |   |   | $ | 332 |   |   | $ | 9,327 |   |   | $ | 338 |   |   | $ | 29,649 |   |   | $ | 670 |   |
|                                   |   |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                   |   |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Available-for-sale securities:         |   |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| U.S. Government agencies               |   | $                                   | 48,881 |   |   | $ | 207 |   |   | $ | - |   |   | $ | - |   |   | $ | 48,881 |   |   | $ | 207 |   |
| Government agency issued residential   |   |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   mortgage-backed securities |   |                                | 6,320  |   |   |   | 122 |   |   |   | - |   |   |   | - |   |   |   | 6,320 |   |   |   | 122 |   |
| Government agency issued commercial    |   |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   mortgage-backed securities |   |                                | 1,384  |   |   |   | 19 |   |   |   | 2,598 |   |   |   | 66 |   |   |   | 3,982 |   |   |   | 85 |   |
| Obligations of states and              |   |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | - |   |
|   political subdivisions     |   |                                | 36,704 |   |   |   | 297 |   |   |   | 2,459 |   |   |   | 205 |   |   |   | 39,163 |   |   |   | 502 |   |
| Collateralized debt obligations        |   |                                | -      |   |   |   | - |   |   |   | 5 |   |   |   | 1 |   |   |   | 5 |   |   |   | 1 |   |
| Other                                  |   |                                | -      |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|     Total          |   | $                                   | 93,289 |   |   | $ | 645 |   |   | $ | 5,062 |   |   | $ | 272 |   |   | $ | 98,351 |   |   | $ | 917 |   |

----

|                                          |   | Three months ended June 30,              |   |
|-----------------------------------------------|--------|------------------------------------------|--------|
|                                          |   | 2011                                     |   |   | 2010 |   |
|                                          |   | Income                                   |   |   | Shares |   |   | Per Share |   |   | Income |   |   | Shares |   |   | Per Share |   |
|                                          |   | (Numerator)                              |   |   | (Denominator) |   |   | Amount |   |   | (Numerator) |   |   | (Denominator) |   |   | Amount |   |
| Basic EPS                                     |   | (In thousands, except per share amounts) |   |
| Income (loss) available to common             |   |                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    shareholders                |   | $                                        | 12,826 |   |   |   | 83,454 |   |   | $ | 0.15 |   |   | $ | (12,560 | ) |   |   | 83,429 |   |   | $ | (0.15 | ) |
| Effect of dilutive share-                     |   |                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   based awards                      |   |                                     | -      |   |   |   | 60 |   |   |   |   |   |   |   | - |   |   |   | - |   |   |   |   |   |
|                                          |   |                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted EPS                                   |   |                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income (loss) available to common             |   |                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    shareholders plus assumed   |   |                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    exercise of all outstanding |   |                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    share-based awards          |   | $                                        | 12,826 |   |   |   | 83,514 |   |   | $ | 0.15 |   |   | $ | (12,560 | ) |   |   | 83,429 |   |   | $ | (0.15 | ) |

|                                          |   | Six months ended June 30,                |   |
|-----------------------------------------------|--------|------------------------------------------|--------|
|                                          |   | 2011                                     |   |   | 2010 |   |
|                                          |   | Income                                   |   |   | Shares |   |   | Per Share |   |   | Income |   |   | Shares |   |   | Per Share |   |
|                                          |   | (Numerator)                              |   |   | (Denominator) |   |   | Amount |   |   | (Numerator) |   |   | (Denominator) |   |   | Amount |   |
| Basic EPS                                     |   | (In thousands, except per share amounts) |   |
| Income (loss) available to common             |   |                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    shareholders                |   | $                                        | 12,332 |   |   |   | 83,451 |   |   | $ | 0.15 |   |   | $ | (4,164 | ) |   |   | 83,416 |   |   | $ | (0.05 | ) |
| Effect of dilutive share-                     |   |                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   based awards                      |   |                                     | -      |   |   |   | 59 |   |   |   |   |   |   |   | - |   |   |   | - |   |   |   |   |   |
|                                          |   |                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted EPS                                   |   |                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income (loss) available to common             |   |                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    shareholders plus assumed   |   |                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    exercise of all outstanding |   |                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    share-based awards          |   | $                                        | 12,332 |   |   |   | 83,510 |   |   | $ | 0.15 |   |   | $ | (4,164 | ) |   |   | 83,416 |   |   | $ | (0.05 | ) |

----

|                                                  |   | Three months ended June 30, |    |
|-------------------------------------------------------|--------|-----------------------------|---------|
|                                                  |   | 2011                        |    |   | 2010 |   |
|                                                  |   | Before                      |    | Tax |   |   | Net |   |   | Before |   | Tax |   |   | Net |   |
|                                                  |   | tax                         |    |   | (expense) |   |   | of tax |   |   | tax |   |   | (expense) |   |   | of tax |   |
|                                                  |   | amount                      |    |   | benefit |   |   | amount |   |   | amount |   |   | benefit |   |   | amount |   |
| Net unrealized gains on available-for-                |   | (In thousands)              |    |
| sale securities:                                      |   |                        |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Unrealized gains (losses) arising during              |   |                        |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   holding period                            |   | $                           | 46,461  |   |   | $ | (17,781 | ) |   | $ | 28,680 |   |   | $ | 7,889 |   |   | $ | (3,015 | ) |   | $ | 4,874 |   |
| Less:  Reclassification adjustment for      |   |                        |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   net (gains) losses realized in net income |   |                        | (10,045 | ) |   |   | 3,842 |   |   |   | (6,203 | ) |   |   | 585 |   |   |   | (224 | ) |   |   | 361 |   |
| Recognized employee benefit plan                      |   |                        |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| net periodic benefit cost                             |   |                        | 633     |   |   |   | (242 | ) |   |   | 391 |   |   |   | 652 |   |   |   | (250 | ) |   |   | 402 |   |
| Other comprehensive income (loss)                     |   | $                           | 37,049  |   |   | $ | (14,181 | ) |   | $ | 22,868 |   |   | $ | 9,126 |   |   | $ | (3,489 | ) |   | $ | 5,637 |   |
| Net income (loss)                                     |   |                        |    |   |   |   |   |   |   |   | 12,826 |   |   |   |   |   |   |   |   |   |   |   | (12,560 | ) |
| Comprehensive income (loss)                           |   |                        |    |   |   |   |   |   |   | $ | 35,694 |   |   |   |   |   |   |   |   |   |   | $ | (6,923 | ) |

|                                                  |   | Six months ended June 30, |    |
|-------------------------------------------------------|--------|---------------------------|---------|
|                                                  |   | 2011                      |    |   | 2010 |   |
|                                                  |   | Before                    |    | Tax |   |   | Net |   |   | Before |   | Tax |   |   | Net |   |
|                                                  |   | tax                       |    |   | (expense) |   |   | of tax |   |   | tax |   |   | (expense) |   |   | of tax |   |
|                                                  |   | amount                    |    |   | benefit |   |   | amount |   |   | amount |   |   | benefit |   |   | amount |   |
| Net unrealized gains on available-for-                |   | (In thousands)            |    |
| sale securities:                                      |   |                      |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Unrealized gains (losses) arising                     |   |                      |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   during holding period                     |   | $                         | 42,417  |   |   | $ | (16,244 | ) |   | $ | 26,173 |   |   | $ | 4,931 |   |   | $ | (1,884 | ) |   | $ | 3,047 |   |
| Less:  Reclassification adjustment for      |   |                      |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   net (gains) losses realized in net income |   |                      | (10,062 | ) |   |   | 3,849 |   |   |   | (6,213 | ) |   |   | (712 | ) |   |   | 272 |   |   |   | (440 | ) |
| Recognized employee benefit plan                      |   |                      |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| net periodic benefit cost                             |   |                      | 1,266   |   |   |   | (484 | ) |   |   | 782 |   |   |   | 1,286 |   |   |   | (492 | ) |   |   | 794 |   |
| Other comprehensive income                            |   | $                         | 33,621  |   |   | $ | (12,879 | ) |   | $ | 20,742 |   |   | $ | 5,505 |   |   | $ | (2,104 | ) |   | $ | 3,401 |   |
| Net income                                            |   |                      |    |   |   |   |   |   |   |   | 12,332 |   |   |   |   |   |   |   |   |   |   |   | (4,164 | ) |
| Comprehensive income                                  |   |                      |    |   |   |   |   |   |   | $ | 33,074 |   |   |   |   |   |   |   |   |   |   | $ | (763 | ) |

|                                |   | Community      |    |   | Insurance |   |   |   |   |
|-------------------------------------|--------|----------------|---------|--------|-----------|--------|--------|--------|--------|
|                                |   | Banking        |    |   | Agencies  |   |   | Total  |   |
|                                |   | (In thousands) |    |   |      |   |   |   |   |
| Balance as of December 31, 2010     |   | $              | 217,618 |   |      | $      | 52,479 |   |   | $ | 270,097 |   |
| Goodwill recorded during the period |   |           | -       |   |      |   | 1,200  |   |   |   | 1,200 |   |
| Balance as of June 30, 2011         |   | $              | 217,618 |   |      | $      | 53,679 |   |   | $ | 271,297 |   |

----

|                              |   | As of          |   |   | As of             |   |
|-----------------------------------|--------|----------------|--------|--------|-------------------|--------|
|                              |   | June 30, 2011  |   |   | December 31, 2010 |   |
|                              |   | Gross Carrying |   |   | Accumulated       |   |   | Gross Carrying |   |   | Accumulated |   |
|                              |   | Amount         |   |   | Amortization      |   |   | Amount |   |   | Amortization |   |
| Amortized intangible assets:      |   | (In thousands) |   |
| Core deposit intangibles          |   | $              | 27,801 |   |              | $      | 20,231 |   |   | $ | 27,801 |   |   | $ | 19,716 |   |
| Customer relationship intangibles |   |           | 32,749 |   |              |   | 22,814 |   |   |   | 32,511 |   |   |   | 21,661 |   |
| Non-solicitation intangibles      |   |           | 75     |   |              |   | 19 |   |   |   | - |   |   |   | - |   |
| Total                             |   | $              | 60,625 |   |              | $      | 43,064 |   |   | $ | 60,312 |   |   | $ | 41,377 |   |
|                              |   |           |   |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Unamortized intangible assets:    |   |           |   |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Trade names                       |   | $              | 688    |   |              | $      | - |   |   | $ | 688 |   |   | $ | - |   |

|                                |   | Three months ended |   |   | Six months ended |   |
|-------------------------------------|--------|--------------------|--------|--------|------------------|--------|
|                                |   | June 30,           |   |   | June 30,         |   |
|                                |   | 2011               |   |   | 2010             |   |   | 2011 |   |   | 2010 |   |
| Aggregate amortization expense for: |   | (In thousands)     |   |
| Core deposit intangibles            |   | $                  | 248    |   |             | $      | 323 |   |   | $ | 515 |   |   | $ | 662 |   |
| Customer relationship intangibles   |   |               | 575    |   |             |   | 661 |   |   |   | 1,153 |   |   |   | 1,337 |   |
| Non-solicitation intangibles        |   |               | 9      |   |             |   | - |   |   |   | 19 |   |   |   | - |   |
| Total                               |   | $                  | 832    |   |             | $      | 984 |   |   | $ | 1,687 |   |   | $ | 1,999 |   |

----

|                              |   |           |   |   | Customer     |   |   | Non-         |   |   |   |   |
|-----------------------------------|--------|----------------|--------|--------|--------------|--------|--------|--------------|--------|--------|--------|--------|
|                              |   | Core Deposit   |   |   | Relationship |   |   | Solicitation |   |   |   |   |
|                              |   | Intangibles    |   |   | Intangibles  |   |   | Intangibles  |   |   | Total  |   |
| Estimated Amortization Expense:   |   | (In thousands) |   |   |         |   |
| For year ending December 31, 2011 |   | $              | 1,016  |   |         | $      | 2,223  |         |   | $      | 38     |   |   | $ | 3,277 |   |
| For year ending December 31, 2012 |   |           | 946    |   |         |   | 1,905  |         |   |   | 37     |   |   |   | 2,888 |   |
| For year ending December 31, 2013 |   |           | 582    |   |         |   | 1,632  |         |   |   | -      |   |   |   | 2,214 |   |
| For year ending December 31, 2014 |   |           | 526    |   |         |   | 1,398  |         |   |   | -      |   |   |   | 1,924 |   |
| For year ending December 31, 2015 |   |           | 157    |   |         |   | 1,136  |         |   |   | -      |   |   |   | 1,293 |   |

|                                           |   | Three months ended |   |   | Six months ended |   |
|------------------------------------------------|--------|--------------------|--------|--------|------------------|--------|
|                                           |   | June 30,           |   |   | June 30,         |   |
|                                           |   | 2011               |   |   | 2010             |   |   | 2011 |   |   | 2010 |   |
|                                           |   | (In thousands)     |   |
| Service cost                                   |   | $                  | 2,082  |   |             | $      | 1,921 |   |   | $ | 4,164 |   |   | $ | 3,724 |   |
| Interest cost                                  |   |               | 2,028  |   |             |   | 1,931 |   |   |   | 4,056 |   |   |   | 3,838 |   |
| Expected return on assets                      |   |               | (3,713 | )      |             |   | (3,529 | ) |   |   | (7,426 | ) |   |   | (7,016 | ) |
| Amortization of unrecognized transition amount |   |               | 5      |   |             |   | 3 |   |   |   | 10 |   |   |   | 8 |   |
| Recognized prior service cost                  |   |               | 50     |   |             |   | 85 |   |   |   | 100 |   |   |   | 170 |   |
| Recognized net loss                            |   |               | 578    |   |             |   | 564 |   |   |   | 1,156 |   |   |   | 1,108 |   |
| Net periodic benefit costs                     |   | $                  | 1,030  |   |             | $      | 975 |   |   | $ | 2,060 |   |   | $ | 1,832 |   |

----

----

|                                                   |   |           |       |   |      |   |    | General   |   |   |      |   |
|--------------------------------------------------------|--------|----------------|------------|--------|-----------|--------|---------|-----------|--------|--------|-----------|--------|
|                                                   |   | Community      |       |   | Insurance |   |    | Corporate |   |   |      |   |
|                                                   |   | Banking        |       |   | Agencies  |   |    | and Other |   |   | Total     |   |
|                                                   |   | (In thousands) |       |
| Three months ended June 30, 2011:                      |   |           |       |   |      |   |    |      |   |   |      |   |
| Results of Operations                                  |   |           |       |   |      |   |    |      |   |   |      |   |
| Net interest revenue                                   |   | $              | 102,880    |   |      | $      | 84      |      |   | $      | 6,948     |   |   | $ | 109,912 |   |
| Provision for credit losses                            |   |           | 32,534     |   |      |   | -       |      |   |   | (294      | )      |   |   | 32,240 |   |
| Net interest revenue after provision for credit losses |   |           | 70,346     |   |      |   | 84      |      |   |   | 7,242     |   |   |   | 77,672 |   |
| Noninterest revenue                                    |   |           | 40,913     |   |      |   | 22,890  |      |   |   | 11,341    |   |   |   | 75,144 |   |
| Noninterest expense                                    |   |           | 91,936     |   |      |   | 19,011  |      |   |   | 26,122    |   |   |   | 137,069 |   |
| Income (loss) before income taxes                      |   |           | 19,323     |   |      |   | 3,963   |      |   |   | (7,539    | )      |   |   | 15,747 |   |
| Income tax expense (benefit)                           |   |           | 4,063      |   |      |   | 1,576   |      |   |   | (2,718    | )      |   |   | 2,921 |   |
| Net income (loss)                                      |   | $              | 15,260     |   |      | $      | 2,387   |      |   | $      | (4,821    | )      |   | $ | 12,826 |   |
| Selected Financial Information                         |   |           |       |   |      |   |    |      |   |   |      |   |   |   |   |   |
| Total assets at end of period                          |   | $              | 10,483,137 |   |      | $      | 171,122 |      |   | $      | 2,712,791 |   |   | $ | 13,367,050 |   |
| Depreciation and amortization                          |   |           | 6,107      |   |      |   | 972     |      |   |   | 1,069     |   |   |   | 8,148 |   |
|                                                   |   |           |       |   |      |   |    |      |   |   |      |   |   |   |   |   |
| Three months ended June 30, 2010:                      |   |           |       |   |      |   |    |      |   |   |      |   |   |   |   |   |
| Results of Operations                                  |   |           |       |   |      |   |    |      |   |   |      |   |   |   |   |   |
| Net interest revenue                                   |   | $              | 99,271     |   |      | $      | 146     |      |   | $      | 9,912     |   |   | $ | 109,329 |   |
| Provision for credit losses                            |   |           | 58,789     |   |      |   | -       |      |   |   | 3,565     |   |   |   | 62,354 |   |
| Net interest revenue after provision for credit losses |   |           | 40,482     |   |      |   | 146     |      |   |   | 6,347     |   |   |   | 46,975 |   |
| Noninterest revenue                                    |   |           | 27,474     |   |      |   | 21,625  |      |   |   | 7,987     |   |   |   | 57,086 |   |
| Noninterest expense                                    |   |           | 77,975     |   |      |   | 18,074  |      |   |   | 23,967    |   |   |   | 120,016 |   |
| (Loss) income before income taxes                      |   |           | (10,019    | )      |      |   | 3,697   |      |   |   | (9,633    | )      |   |   | (15,955 | ) |
| Income tax (benefit) expense                           |   |           | (2,132     | )      |      |   | 1,457   |      |   |   | (2,720    | )      |   |   | (3,395 | ) |
| Net (loss) income                                      |   | $              | (7,887     | )      |      | $      | 2,240   |      |   | $      | (6,913    | )      |   | $ | (12,560 | ) |
| Selected Financial Information                         |   |           |       |   |      |   |    |      |   |   |      |   |   |   |   |   |
| Total assets at end of period                          |   | $              | 10,956,724 |   |      | $      | 173,210 |      |   | $      | 2,291,070 |   |   | $ | 13,421,004 |   |
| Depreciation and amortization                          |   |           | 6,678      |   |      |   | 1,104   |      |   |   | 564       |   |   |   | 8,346 |   |

----

|                                                   |   |           |       |   |      |   |    | General   |   |   |      |   |
|--------------------------------------------------------|--------|----------------|------------|--------|-----------|--------|---------|-----------|--------|--------|-----------|--------|
|                                                   |   | Community      |       |   | Insurance |   |    | Corporate |   |   |      |   |
|                                                   |   | Banking        |       |   | Agencies  |   |    | and Other |   |   | Total     |   |
|                                                   |   | (In thousands) |       |
| Six months ended June 30, 2011:                        |   |           |       |   |      |   |    |      |   |   |      |   |
| Results of Operations                                  |   |           |       |   |      |   |    |      |   |   |      |   |
| Net interest revenue                                   |   | $              | 205,543    |   |      | $      | 179     |      |   | $      | 13,627    |   |   | $ | 219,349 |   |
| Provision for credit losses                            |   |           | 85,775     |   |      |   | -       |      |   |   | (56       | )      |   |   | 85,719 |   |
| Net interest revenue after provision for credit losses |   |           | 119,768    |   |      |   | 179     |      |   |   | 13,683    |   |   |   | 133,630 |   |
| Noninterest revenue                                    |   |           | 68,905     |   |      |   | 45,427  |      |   |   | 29,123    |   |   |   | 143,455 |   |
| Noninterest expense                                    |   |           | 174,654    |   |      |   | 37,063  |      |   |   | 55,362    |   |   |   | 267,079 |   |
| Income (loss) before income taxes                      |   |           | 14,019     |   |      |   | 8,543   |      |   |   | (12,556   | )      |   |   | 10,006 |   |
| Income tax expense (benefit)                           |   |           | 1,962      |   |      |   | 3,401   |      |   |   | (7,689    | )      |   |   | (2,326 | ) |
| Net income (loss)                                      |   | $              | 12,057     |   |      | $      | 5,142   |      |   | $      | (4,867    | )      |   | $ | 12,332 |   |
| Selected Financial Information                         |   |           |       |   |      |   |    |      |   |   |      |   |   |   |   |   |
| Total assets at end of period                          |   | $              | 10,483,137 |   |      | $      | 171,122 |      |   | $      | 2,712,791 |   |   | $ | 13,367,050 |   |
| Depreciation and amortization                          |   |           | 12,381     |   |      |   | 1,946   |      |   |   | 2,149     |   |   |   | 16,476 |   |
|                                                   |   |           |       |   |      |   |    |      |   |   |      |   |   |   |   |   |
| Six months ended June 30, 2010:                        |   |           |       |   |      |   |    |      |   |   |      |   |   |   |   |   |
| Results of Operations                                  |   |           |       |   |      |   |    |      |   |   |      |   |   |   |   |   |
| Net interest revenue                                   |   | $              | 200,611    |   |      | $      | 294     |      |   | $      | 20,306    |   |   | $ | 221,211 |   |
| Provision for credit losses                            |   |           | 100,738    |   |      |   | -       |      |   |   | 5,135     |   |   |   | 105,873 |   |
| Net interest revenue after provision for credit losses |   |           | 99,873     |   |      |   | 294     |      |   |   | 15,171    |   |   |   | 115,338 |   |
| Noninterest revenue                                    |   |           | 53,766     |   |      |   | 43,359  |      |   |   | 23,293    |   |   |   | 120,418 |   |
| Noninterest expense                                    |   |           | 155,585    |   |      |   | 35,477  |      |   |   | 49,437    |   |   |   | 240,499 |   |
| (Loss) income before income taxes                      |   |           | (1,946     | )      |      |   | 8,176   |      |   |   | (10,973   | )      |   |   | (4,743 | ) |
| Income tax (benefit) expense                           |   |           | (238       | )      |      |   | 3,239   |      |   |   | (3,580    | )      |   |   | (579 | ) |
| Net (loss) income                                      |   | $              | (1,708     | )      |      | $      | 4,937   |      |   | $      | (7,393    | )      |   | $ | (4,164 | ) |
| Selected Financial Information                         |   |           |       |   |      |   |    |      |   |   |      |   |   |   |   |   |
| Total assets at end of period                          |   | $              | 10,956,724 |   |      | $      | 173,210 |      |   | $      | 2,291,070 |   |   | $ | 13,421,004 |   |
| Depreciation and amortization                          |   |           | 13,634     |   |      |   | 2,164   |      |   |   | 1,106     |   |   |   | 16,904 |   |

|                                               |   | June 30,               |      |   | December 31, |   |
|----------------------------------------------------|--------|------------------------|-----------|--------|--------------|--------|
|                                               |   | 2011                   |      |   | 2010         |   |   | 2010 |   |
|                                               |   | (Dollars in thousands) |      |
| Unpaid principal balance                           |   | $                      | 4,026,851 |   |         | $      | 3,552,221 |   |   | $ | 3,870,872 |   |
| Weighted-average prepayment speed (CPR)            |   |                   | 15.4      |   |         |   | 21.1 |   |   |   | 15.6 |   |
| Discount rate (annual percentage)                  |   |                   | 10.3      |   |         |   | 10.3 |   |   |   | 10.3 |   |
| Weighted-average coupon interest rate (percentage) |   |                   | 5.2       |   |         |   | 5.5 |   |   |   | 5.2 |   |
| Weighted-average remaining maturity (months)       |   |                   | 315.0     |   |         |   | 321.0 |   |   |   | 315.0 |   |
| Weighted-average servicing fee (basis points)      |   |                   | 28.2      |   |         |   | 28.8 |   |   |   | 28.4 |   |

----

|                                                               |   | 2011           |   |   | 2010   |   |
|--------------------------------------------------------------------|--------|----------------|--------|--------|--------|--------|
|                                                               |   | (In thousands) |   |
| Fair value as of January 1                                         |   | $              | 38,642 |   |   | $      | 35,560 |   |
| Additions:                                                         |   |           |   |   |   |   |   |   |
|    Origination of servicing assets                  |   |           | 4,811  |   |   |   | 4,859 |   |
| Changes in fair value:                                             |   |           |   |   |   |   |   |   |
|    Due to payoffs/paydowns                          |   |           | (2,690 | )      |   |   | (2,736 | ) |
|    Due to change in valuation inputs or assumptions |   |           |   |   |   |   |   |   |
|      used in the valuation model          |   |           | (1,299 | )      |   |   | (8,315 | ) |
|    Other changes in fair value                      |   |           | (9     | )      |   |   | (5 | ) |
| Fair value as of June 30                                           |   | $              | 39,455 |   |   | $      | 29,363 |   |

----

----

|                                                     |   | June 30, 2011  |   |
|----------------------------------------------------------|--------|----------------|--------|
|                                                     |   | Level 1        |   |   | Level 2 |   |   | Level 3 |   |   | Total |   |
| Assets:                                                  |   | (In thousands) |   |
| Available-for-sale securities:                           |   |           |   |   |   |   |   |   |   |   |   |   |
|    U.S. Government agencies               |   | $              | -      |   |   | $ | 1,599,231 |   |   | $ | - |   |   | $ | 1,599,231 |   |
|    Government agency issued residential   |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|      mortgage-backed securities |   |           | -      |   |   |   | 430,402 |   |   |   | - |   |   |   | 430,402 |   |
|    Government agency issued commercial    |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|      mortgage-backed securities |   |           | -      |   |   |   | 31,627 |   |   |   | - |   |   |   | 31,627 |   |
|    Obligations of states and              |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|      political subdivisions     |   |           | -      |   |   |   | 486,653 |   |   |   | - |   |   |   | 486,653 |   |
|    Other                                  |   |           | 703    |   |   |   | 12,208 |   |   |   | - |   |   |   | 12,911 |   |
| Mortgage servicing rights                                |   |           | -      |   |   |   | - |   |   |   | 39,455 |   |   |   | 39,455 |   |
| Derivative instruments                                   |   |           | -      |   |   |   | - |   |   |   | 40,338 |   |   |   | 40,338 |   |
|      Total                      |   | $              | 703    |   |   | $ | 2,560,121 |   |   | $ | 79,793 |   |   | $ | 2,640,617 |   |
| Liabilities:                                             |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Derivative instruments                                   |   | $              | -      |   |   | $ | - |   |   | $ | 39,931 |   |   | $ | 39,931 |   |

----

|                                                     |   | June 30, 2010  |   |
|----------------------------------------------------------|--------|----------------|--------|
|                                                     |   | Level 1        |   |   | Level 2 |   |   | Level 3 |   |   | Total |   |
| Assets:                                                  |   | (In thousands) |   |
| Available-for-sale securities:                           |   |           |   |   |   |   |   |   |   |   |   |   |
|    U.S. Government agencies               |   | $              | -      |   |   | $ | 492,175 |   |   | $ | - |   |   | $ | 492,175 |   |
|    Government agency issued residential   |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|      mortgage-backed securities |   |           | -      |   |   |   | 319,918 |   |   |   | - |   |   |   | 319,918 |   |
|    Government agency issued commercial    |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|      mortgage-backed securities |   |           | -      |   |   |   | 23,703 |   |   |   | - |   |   |   | 23,703 |   |
|    Obligations of states and              |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|      political subdivisions     |   |           | -      |   |   |   | 110,244 |   |   |   | - |   |   |   | 110,244 |   |
|  Collateralized debt obligations                    |   |           |   |   |   |   |   |   |   |   | 812  |   |   |   | 812  |   |
|    Other                                  |   |           | 437    |   |   |   | 15,403 |   |   |   | - |   |   |   | 15,840 |   |
| Mortgage servicing rights                                |   |           | -      |   |   |   | - |   |   |   | 29,363 |   |   |   | 29,363 |   |
| Derivative instruments                                   |   |           | -      |   |   |   | - |   |   |   | 46,083 |   |   |   | 46,083 |   |
|      Total                      |   | $              | 437    |   |   | $ | 961,443 |   |   | $ | 76,258 |   |   | $ | 1,038,138 |   |
| Liabilities:                                             |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Derivative instruments                                   |   | $              | -      |   |   | $ | - |   |   | $ | 46,231 |   |   | $ | 46,231 |

|                                                                                           |   | Mortgage       |   |   |        |   |   | Available- |   |
|------------------------------------------------------------------------------------------------|--------|----------------|--------|--------|-------------|--------|--------|------------|--------|
|                                                                                           |   | Servicing      |   |   | Derivative  |   |   | for-sale   |   |
|                                                                                           |   | Rights         |   |   | Instruments |   |   | Securities |   |
|                                                                                           |   | (In thousands) |   |
| Balance at December 31, 2010                                                                   |   | $              | 38,642 |   |        | $      | 2,685  |       |   | $ | - |   |
|      Year to date net gains (losses) included in:                     |   |           |   |   |        |   |   |       |   |   |   |   |
|         Net income                                     |   |           | 813    |   |        |   | (2,278 | )          |   |   | - |   |
|         Other comprehensive income                     |   |           | -      |   |        |   | -      |       |   |   | - |   |
|      Purchases, sales, issuances and settlements, net                 |   |           | -      |   |        |   | -      |       |   |   | - |   |
|      Transfers in and/or out of Level 3                               |   |           | -      |   |        |   | -      |       |   |   | - |   |
| Balance at June 30, 2011                                                                       |   | $              | 39,455 |   |        | $      | 407    |       |   | $ | - |   |
| Net unrealized gains included in net income for the                                            |   |           |   |   |        |   |   |       |   |   |   |   |
|      quarter relating to assets and liabilities held at June 30, 2011 |   | $              | 3,839  |   |        | $      | 53     |       |   | $ | - |   |

|                                                                                           |   | Mortgage       |   |   |        |   |   | Available- |   |
|------------------------------------------------------------------------------------------------|--------|----------------|--------|--------|-------------|--------|--------|------------|--------|
|                                                                                           |   | Servicing      |   |   | Derivative  |   |   | for-sale   |   |
|                                                                                           |   | Rights         |   |   | Instruments |   |   | Securities |   |
|                                                                                           |   | (In thousands) |   |
| Balance at December 31, 2009                                                                   |   | $              | 35,560 |   |        | $      | 844    |       |   | $ | 2,125 |   |
|      Year to date net gains (losses) included in:                     |   |           |   |   |        |   |   |       |   |   |   |   |
|         Net income (loss)                              |   |           | (6,197 | )      |        |   | (992   | )          |   |   | (1,313 | ) |
|         Other comprehensive income (loss)              |   |           | -      |   |        |   | -      |       |   |   | - |   |
|      Purchases, sales, issuances and settlements, net                 |   |           | -      |   |        |   | -      |       |   |   | - |   |
|      Transfers in and/or out of Level 3                               |   |           | -      |   |        |   | -      |       |   |   | - |   |
| Balance at June 30, 2010                                                                       |   | $              | 29,363 |   |        | $      | (148   | )          |   | $ | 812 |   |
| Net unrealized losses included in net income (loss) for the                                    |   |           |   |   |        |   |   |       |   |   |   |   |
|      quarter relating to assets and liabilities held at June 30, 2010 |   | $              | (8,315 | )      |        | $      | (726   | )          |   | $ | - |   |

----

|                    |   | June 30, 2011  |   |
|-------------------------|--------|----------------|--------|
|                    |   |           |   |   |   |   |   |   |   |   |   |   |   | Total |   |
|                    |   | Level 1        |   |   | Level 2 |   |   | Level 3 |   |   | Total |   |   | Losses |   |
| Assets:                 |   | (In thousands) |   |
| Loans held for sale     |   | $              | -      |   |   | $ | 70,519 |   |   | $ | - |   |   | $ | 70,519 |   |   | $ | - |   |
| Impaired loans          |   |           | -      |   |   |   | - |   |   |   | 303,657 |   |   |   | 303,657 |   |   |   | (46,810 | ) |
| Other real estate owned |   |           | -      |   |   |   | - |   |   |   | 151,204 |   |   |   | 151,204 |   |   |   | (12,860 | ) |

|                    |   | June 30, 2010  |   |
|-------------------------|--------|----------------|--------|
|                    |   |           |   |   |   |   |   |   |   |   |   |   |   | Total |   |
|                    |   | Level 1        |   |   | Level 2 |   |   | Level 3 |   |   | Total |   |   | Losses |   |
| Assets:                 |   | (In thousands) |   |
| Loans held for sale     |   | $              | -      |   |   | $ | 95,987 |   |   | $ | - |   |   | $ | 95,987 |   |   | $ | - |   |
| Impaired loans          |   |           | -      |   |   |   | - |   |   |   | 188,291 |   |   |   | 188,291 |   |   |   | (40,721 | ) |
| Other real estate owned |   |           | -      |   |   |   | - |   |   |   | 67,560 |   |   |   | 67,560 |   |   |   | (7,148 | ) |

----

|                                                  |   | June 30, 2011  |      |   | December 31, 2010 |   |
|-------------------------------------------------------|--------|----------------|-----------|--------|-------------------|--------|
|                                                  |   | Carrying       |      |   | Fair              |   |   | Carrying |   |   | Fair |   |
|                                                  |   | Value          |      |   | Value             |   |   | Value |   |   | Value |   |
| Assets:                                               |   | (In thousands) |      |
| Cash and due from banks                               |   | $              | 166,761   |   |              | $      | 166,761 |   |   | $ | 99,916 |   |   | $ | 99,916 |   |
| Interest bearing deposits with other banks            |   |           | 304,344   |   |              |   | 304,344 |   |   |   | 172,170 |   |   |   | 172,170 |   |
| Held-to-maturity securities                           |   |           | -         |   |              |   | - |   |   |   | 1,613,019 |   |   |   | 1,632,691 |   |
| Available-for-sale securities                         |   |           | 2,560,824 |   |              |   | 2,560,824 |   |   |   | 1,096,062 |   |   |   | 1,096,062 |   |
| Federal funds sold and securities                     |   |           |      |   |              |   |   |   |   |   |   |   |   |   |   |   |
|    purchased under agreement to resell |   |           | -         |   |              |   | - |   |   |   | 150,000 |   |   |   | 150,000 |   |
| Net loans and leases                                  |   |           | 9,016,926 |   |              |   | 9,068,597 |   |   |   | 9,136,194 |   |   |   | 9,187,064 |   |
| Loans held for sale                                   |   |           | 70,519    |   |              |   | 70,566 |   |   |   | 93,697 |   |   |   | 94,001 |   |
|                                                  |   |           |      |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Liabilities:                                          |   |           |      |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Noninterest bearing deposits                          |   |           | 2,096,655 |   |              |   | 2,096,655 |   |   |   | 2,060,145 |   |   |   | 2,060,145 |   |
| Savings and interest bearing deposits                 |   |           | 5,884,546 |   |              |   | 5,884,546 |   |   |   | 5,794,552 |   |   |   | 5,794,552 |   |
| Other time deposits                                   |   |           | 3,327,262 |   |              |   | 3,380,016 |   |   |   | 3,635,324 |   |   |   | 3,677,796 |   |
| Federal funds purchased and securities                |   |           |      |   |              |   |   |   |   |   |   |   |   |   |   |   |
|    sold under agreement to repurchase  |   |           |      |   |              |   |   |   |   |   |   |   |   |   |   |   |
|    and other short-term borrowings     |   |           | 426,800   |   |              |   | 426,261 |   |   |   | 443,320 |   |   |   | 443,081 |   |
| Long-term debt and other borrowings                   |   |           | 195,386   |   |              |   | 199,036 |   |   |   | 270,392 |   |   |   | 286,993 |   |
|                                                  |   |           |      |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Derivative instruments:                               |   |           |      |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Forward commitments to sell fixed rate                |   |           |      |   |              |   |   |   |   |   |   |   |   |   |   |   |
|    mortgage loans                      |   |           | (149      | )      |              |   | (149 | ) |   |   | 2,499 |   |   |   | 2,499 |   |
| Commitments to fund fixed rate                        |   |           |      |   |              |   |   |   |   |   |   |   |   |   |   |   |
|    mortgage loans                      |   |           | 990       |   |              |   | 990 |   |   |   | 639 |   |   |   | 639 |   |
| Interest rate swap position to receive                |   |           | 39,149    |   |              |   | 39,149 |   |   |   | 38,347 |   |   |   | 38,347 |   |
| Interest rate swap position to pay                    |   |           | (39,583   | )      |              |   | (39,583 | ) |   |   | (38,800 | ) |   |   | (38,800 | ) |

|                                             |   | Three months ended |   |   | Six months ended |   |
|--------------------------------------------------|--------|--------------------|--------|--------|------------------|--------|
|                                             |   | June 30,           |   |   | June 30,         |   |
|                                             |   | 2011               |   |   | 2010             |   |   | 2011 |   |   | 2010 |   |
|                                             |   | (In thousands)     |   |
| Annuity fees                                     |   | $                  | 1,094  |   |             | $      | 698 |   |   | $ | 2,390 |   |   | $ | 1,479 |   |
| Brokerage commissions and fees                   |   |               | 1,437  |   |             |   | 1,419 |   |   |   | 3,075 |   |   |   | 2,736 |   |
| Bank-owned life insurance                        |   |               | 2,223  |   |             |   | 1,972 |   |   |   | 3,922 |   |   |   | 3,641 |   |
| Other miscellaneous income                       |   |               | 4,732  |   |             |   | 3,227 |   |   |   | 9,415 |   |   |   | 7,143 |   |
|    Total other noninterest income |   | $                  | 9,486  |   |             | $      | 7,316 |   |   | $ | 18,802 |   |   | $ | 14,999 |   |

----

|                                              |   | Three months ended |   |   | Six months ended |   |
|---------------------------------------------------|--------|--------------------|--------|--------|------------------|--------|
|                                              |   | June 30,           |   |   | June 30,         |   |
|                                              |   | 2011               |   |   | 2010             |   |   | 2011 |   |   | 2010 |   |
|                                              |   | (In thousands)     |   |
| Advertising                                       |   | $                  | 1,291  |   |             | $      | 1,196 |   |   | $ | 2,180 |   |   | $ | 1,852 |   |
| Foreclosed property expense                       |   |               | 3,765  |   |             |   | 3,813 |   |   |   | 10,847 |   |   |   | 7,351 |   |
| Telecommunications                                |   |               | 2,036  |   |             |   | 2,494 |   |   |   | 4,179 |   |   |   | 4,694 |   |
| Public relations                                  |   |               | 1,554  |   |             |   | 1,656 |   |   |   | 3,068 |   |   |   | 3,304 |   |
| Data processing                                   |   |               | 2,365  |   |             |   | 1,594 |   |   |   | 4,666 |   |   |   | 3,064 |   |
| Computer software                                 |   |               | 1,899  |   |             |   | 1,900 |   |   |   | 3,747 |   |   |   | 3,604 |   |
| Amortization of intangibles                       |   |               | 833    |   |             |   | 984 |   |   |   | 1,687 |   |   |   | 1,999 |   |
| Legal fees                                        |   |               | 1,095  |   |             |   | 1,313 |   |   |   | 3,681 |   |   |   | 2,641 |   |
| Postage and shipping                              |   |               | 1,171  |   |             |   | 1,178 |   |   |   | 2,468 |   |   |   | 2,538 |   |
| Other miscellaneous expense                       |   |               | 18,877 |   |             |   | 14,933 |   |   |   | 36,244 |   |   |   | 30,446 |   |
|    Total other noninterest expense |   | $                  | 34,886 |   |             | $      | 31,061 |   |   | $ | 72,767 |   |   | $ | 61,493 |   |

----

----

----

| SELECTED FINANCIAL QUARTERLY DATA                             |   |                                          |       |   |             |   |       |   |   |   |       |   |
|---------------------------------------------------------------|--------|-----------------------------------------------|------------|--------|------------------|--------|------------|--------|--------|--------|------------|--------|
|                                                          |   |                                          |       |   |             |   |       |   |   |   |       |   |
|                                                          |   | Three months ended                            |       |   | Six months ended |   |
|                                                          |   | June 30,                                      |       |   | June 30,         |   |
|                                                          |   | 2011                                          |       |   | 2010             |   |       | 2011   |   |   | 2010       |   |
|                                                          |   | (Dollars in thousands, except per share data) |       |
|                                                          |   |                                          |       |   |             |   |       |   |   |   |       |   |
| Earnings Summary:                                             |   |                                          |       |   |             |   |       |   |   |   |       |   |
| Total interest revenue                                        |   | $                                             | 137,235    |   |             | $      | 146,162    |   |   | $      | 276,063    |   |   | $ | 294,820 |   |
| Total interest expense                                        |   |                                          | 27,323     |   |             |   | 36,833     |   |   |   | 56,714     |   |   |   | 73,609 |   |
| Net interest income                                           |   |                                          | 109,912    |   |             |   | 109,329    |   |   |   | 219,349    |   |   |   | 221,211 |   |
| Provision for credit losses                                   |   |                                          | 32,240     |   |             |   | 62,354     |   |   |   | 85,719     |   |   |   | 105,873 |   |
| Noninterest income                                            |   |                                          | 75,144     |   |             |   | 57,086     |   |   |   | 143,455    |   |   |   | 120,418 |   |
| Noninterest expense                                           |   |                                          | 137,069    |   |             |   | 120,016    |   |   |   | 267,079    |   |   |   | 240,499 |   |
| Income (loss) before income taxes                             |   |                                          | 15,747     |   |             |   | (15,955    | )      |   |   | 10,006     |   |   |   | (4,743 | ) |
| Income tax (benefit) expense                                  |   |                                          | 2,921      |   |             |   | (3,395     | )      |   |   | (2,326     | )      |   |   | (579 | ) |
| Net income (loss)                                             |   | $                                             | 12,826     |   |             | $      | (12,560    | )      |   | $      | 12,332     |   |   | $ | (4,164 | ) |
|                                                          |   |                                          |       |   |             |   |       |   |   |   |       |   |   |   |   |   |
| Balance Sheet - Period-end balances:                          |   |                                          |       |   |             |   |       |   |   |   |       |   |   |   |   |   |
| Total assets                                                  |   | $                                             | 13,367,050 |   |             | $      | 13,421,004 |   |   | $      | 13,367,050 |   |   | $ | 13,421,004 |   |
| Total securities                                              |   |                                          | 2,560,824  |   |             |   | 2,109,849  |   |   |   | 2,560,824  |   |   |   | 2,109,849 |   |
| Loans and leases, net of unearned income                      |   |                                          | 9,214,553  |   |             |   | 9,646,902  |   |   |   | 9,214,553  |   |   |   | 9,646,902 |   |
| Total deposits                                                |   |                                          | 11,308,463 |   |             |   | 11,220,641 |   |   |   | 11,308,463 |   |   |   | 11,220,641 |   |
| Long-term debt                                                |   |                                          | 35,000     |   |             |   | 110,749    |   |   |   | 35,000     |   |   |   | 110,749 |   |
| Total shareholders' equity                                    |   |                                          | 1,246,703  |   |             |   | 1,240,259  |   |   |   | 1,246,703  |   |   |   | 1,240,259 |   |
|                                                          |   |                                          |       |   |             |   |       |   |   |   |       |   |   |   |   |   |
| Balance Sheet-Average Balances:                               |   |                                          |       |   |             |   |       |   |   |   |       |   |   |   |   |   |
| Total assets                                                  |   | $                                             | 13,365,560 |   |             | $      | 13,223,506 |   |   | $      | 13,452,183 |   |   | $ | 13,175,605 |   |
| Total securities                                              |   |                                          | 2,707,282  |   |             |   | 2,051,283  |   |   |   | 2,722,763  |   |   |   | 2,025,250 |   |
| Loans and leases, net of unearned income                      |   |                                          | 9,249,127  |   |             |   | 9,703,253  |   |   |   | 9,274,415  |   |   |   | 9,734,994 |   |
| Total deposits                                                |   |                                          | 11,355,871 |   |             |   | 11,075,655 |   |   |   | 11,426,363 |   |   |   | 10,977,508 |   |
| Long-term debt                                                |   |                                          | 89,395     |   |             |   | 112,731    |   |   |   | 99,641     |   |   |   | 112,747 |   |
| Total shareholders' equity                                    |   |                                          | 1,222,281  |   |             |   | 1,245,786  |   |   |   | 1,220,851  |   |   |   | 1,255,543 |   |
|                                                          |   |                                          |       |   |             |   |       |   |   |   |       |   |   |   |   |   |
| Common Share Data:                                            |   |                                          |       |   |             |   |       |   |   |   |       |   |   |   |   |   |
| Basic (loss) earnings per share                               |   | $                                             | 0.15       |   |             | $      | (0.15      | )      |   | $      | 0.15       |   |   | $ | (0.05 | ) |
| Diluted (loss) earnings per share                             |   |                                          | 0.15       |   |             |   | (0.15      | )      |   |   | 0.15       |   |   |   | (0.05 | ) |
| Cash dividends per share                                      |   |                                          | 0.01       |   |             |   | 0.22       |   |   |   | 0.12       |   |   |   | 0.44 |   |
| Book value per share                                          |   |                                          | 14.93      |   |             |   | 14.86      |   |   |   | 14.93      |   |   |   | 14.86 |   |
| Dividend payout ratio                                         |   |                                          | 6.67       | %      |             | NM%    |       |   |   | 80.0   | %          |   | NM% |   |
|                                                          |   |                                          |       |   |             |   |       |   |   |   |       |   |   |   |   |   |
| Financial Ratios (Annualized):                                |   |                                          |       |   |             |   |       |   |   |   |       |   |   |   |   |   |
| Return on average assets                                      |   |                                          | 0.38       | %      |             |   | (0.38      | )%     |   |   | 0.18       | %      |   |   | (0.06 | )% |
| Return on average shareholders' equity                        |   |                                          | 4.21       |   |             |   | (4.04      | )      |   |   | 2.04       |   |   |   | (0.67 | ) |
| Total shareholders' equity to total assets                    |   |                                          | 9.33       |   |             |   | 9.24       |   |   |   | 9.33       |   |   |   | 9.24 |   |
| Tangible shareholders' equity to tangible assets              |   |                                          | 7.32       |   |             |   | 7.23       |   |   |   | 7.32       |   |   |   | 7.23 |   |
| Net interest margin-fully taxable equivalent                  |   |                                          | 3.71       |   |             |   | 3.71       |   |   |   | 3.70       |   |   |   | 3.79 |   |
|                                                          |   |                                          |       |   |             |   |       |   |   |   |       |   |   |   |   |   |
| Credit Quality Ratios (Annualized):                           |   |                                          |       |   |             |   |       |   |   |   |       |   |   |   |   |   |
| Net charge-offs to average loans and leases                   |   |                                          | 1.42       | %      |             |   | 2.08       | %      |   |   | 1.83       | %      |   |   | 1.67 | % |
| Provision for credit losses to average loans and leases       |   |                                          | 1.39       |   |             |   | 2.57       |   |   |   | 1.85       |   |   |   | 2.18 |   |
| Allowance for credit losses to net loans and leases           |   |                                          | 2.14       |   |             |   | 2.08       |   |   |   | 2.14       |   |   |   | 2.08 |   |
| Allowance for credit losses to NPLs                           |   |                                          | 52.03      |   |             |   | 66.41      |   |   |   | 52.03      |   |   |   | 66.41 |   |
| Allowance for credit losses to non-performing assets ("NPAs") |   |                                          | 37.21      |   |             |   | 54.28      |   |   |   | 37.21      |   |   |   | 54.28 |   |
| NPLs to net loans and leases                                  |   |                                          | 4.12       |   |             |   | 3.13       |   |   |   | 4.12       |   |   |   | 3.13 |   |
| NPAs to net loans and leases                                  |   |                                          | 5.76       |   |             |   | 3.83       |   |   |   | 5.76       |   |   |   | 3.83 |   |
|                                                          |   |                                          |       |   |             |   |       |   |   |   |       |   |   |   |   |   |
| Captial Adequacy:                                             |   |                                          |       |   |             |   |       |   |   |   |       |   |   |   |   |   |
| Tier I capital                                                |   |                                          | 10.82      | %      |             |   | 10.53      | %      |   |   | 10.82      | %      |   |   | 10.53 | % |
| Total capital                                                 |   |                                          | 12.08      |   |             |   | 11.79      |   |   |   | 12.08      |   |   |   | 11.79 |   |
| Tier I leverage capital                                       |   |                                          | 8.22       |   |             |   | 8.35       |   |   |   | 8.22       |   |   |   | 8.35 |   |
|                                                          |   |                                          |       |   |             |   |       |   |   |   |       |   |   |   |   |   |
| NM=Not meaningful                                             |   |                                          |       |   |             |   |       |   |   |   |       |   |   |   |   |   |

----

|                                                                                                         | June 30,          |
|--------------------------------------------------------------------------------------------------------------|-------------------|
|                                                                                                         | 2011              |   | 2010 |
|                                                                                                         | (In thousands)    |
| Tangible Assets:                                                                                             |              |   |   |   |   |
|    Total assets                                                                               |  $13,367,050 |   | $ | 13,421,004 |   |
|    Less:  Goodwill                                                                  |  271,297     |   |   |  270,097 |   |
|             Other identifiable intangible assets |  18,249      |   |   |  21,534 |   |
|    Total tangible assets                                                                      |  $13,077,504 |   | $ | 13,129,373 |   |
|                                                                                                         |              |   |   |   |   |
| Tangible Shareholders' Equity                                                                                |              |   |   |   |   |
|    Total shareholders' equity                                                                 |  $1,246,703  |   | $ | 1,240,259 |   |
|    Less:  Goodwill                                                                  |  271,297     |   |   |  270,097 |   |
|             Other identifiable intangible assets |  18,249      |   |   |  21,534 |   |
|    Total tangible shareholders' equity                                                        |  $957,157    |   | $ | 948,628 |   |

----

----

----

|                                                                                                                          |   | Three months ended June 30,                               |     |
|-------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------|----------|
|                                                                                                                          |   | 2011                                                      |     |   | 2010 |   |
|                                                                                                                          |   | Average                                                   |     |   |   |   |   | Yield/ |   |   | Average |   |   |   |   |   | Yield/ |   |
|                                                                                                                          |   | Balance                                                   |     |   | Interest |   |   | Rate |   |   | Balance |   |   | Interest |   |   | Rate |   |
| ASSETS                                                                                                                        |   | (Dollars in millions, yields on taxable equivalent basis) |     |
| Loans and leases (net of unearned                                                                                             |   |                                                      |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   income) (1)(2)                                                                                                    |   | $                                                         | 9,249.1  |   |   | $ | 117.8 |   |   |   | 5.11 | % |   | $ | 9,703.3 |   |   | $ | 125.4 |   |   |   | 5.18 | % |
| Loans held for sale                                                                                                           |   |                                                      | 44.7     |   |   |   | 0.5 |   |   |   | 4.53 | % |   |   | 60.1 |   |   |   | 0.7 |   |   |   | 4.84 | % |
| Held-to-maturity securities:                                                                                                  |   |                                                      |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Taxable (3)                                                                                                       |   |                                                      | 887.8    |   |   |   | 5.1 |   |   |   | 2.32 | % |   |   | 939.0 |   |   |   | 9.5 |   |   |   | 4.05 | % |
|   Non-taxable (4)                                                                                                   |   |                                                      | 209.8    |   |   |   | 3.5 |   |   |   | 6.74 | % |   |   | 218.8 |   |   |   | 3.7 |   |   |   | 6.80 | % |
| Available-for-sale securities:                                                                                                |   |                                                      |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Taxable                                                                                                           |   |                                                      | 1,432.8  |   |   |   | 10.5 |   |   |   | 2.94 | % |   |   | 821.1 |   |   |   | 8.1 |   |   |   | 3.92 | % |
|   Non-taxable (5)                                                                                                   |   |                                                      | 176.9    |   |   |   | 2.9 |   |   |   | 6.53 | % |   |   | 72.4 |   |   |   | 1.3 |   |   |   | 7.09 | % |
| Federal funds sold, securities                                                                                                |   |                                                      |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   purchased under agreement to resell                                                                               |   |                                                      |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   and short-term investments                                                                                        |   |                                                      | 226.6    |   |   |   | 0.2 |   |   |   | 0.28 | % |   |   | 295.6 |   |   |   | 0.1 |   |   |   | 0.24 | % |
|   Total interest earning                                                                                            |   |                                                      |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     assets and revenue                                                                                    |   |                                                      | 12,227.7 |   |   |   | 140.5 |   |   |   | 4.61 | % |   |   | 12,110.3 |   |   |   | 148.8 |   |   |   | 4.93 | % |
| Other assets                                                                                                                  |   |                                                      | 1,350.8  |   |   |   |   |   |   |   |   |   |   |   | 1,329.5 |   |   |   |   |   |   |   |   |   |
| Less:  allowance for credit losses                                                                                  |   |                                                      | (213.0   | ) |   |   |   |   |   |   |   |   |   |   | (216.3 | ) |   |   |   |   |   |   |   |   |
|                                                                                                                          |   |                                                      |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Total                                                                                                 |   | $                                                         | 13,365.5 |   |   |   |   |   |   |   |   |   |   | $ | 13,223.5 |   |   |   |   |   |   |   |   |   |
|                                                                                                                          |   |                                                      |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| LIABILITIES AND                                                                                                               |   |                                                      |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| SHAREHOLDERS' EQUITY                                                                                                          |   |                                                      |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Deposits:                                                                                                                     |   |                                                      |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Demand - interest bearing                                                                                         |   | $                                                         | 4,977.8  |   |   | $ | 6.0 |   |   |   | 0.49 | % |   | $ | 4,635.1 |   |   | $ | 9.7 |   |   |   | 0.84 | % |
|   Savings                                                                                                           |   |                                                      | 941.2    |   |   |   | 0.8 |   |   |   | 0.35 | % |   |   | 770.7 |   |   |   | 0.9 |   |   |   | 0.48 | % |
|   Other time                                                                                                        |   |                                                      | 3,418.7  |   |   |   | 16.3 |   |   |   | 1.91 | % |   |   | 3,814.3 |   |   |   | 21.5 |   |   |   | 2.26 | % |
| Federal funds purchased, securities                                                                                           |   |                                                      |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   sold under agreement to repurchase,                                                                               |   |                                                      |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   short-term FHLB borrowings                                                                                        |   |                                                      |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   and other short term borrowings                                                                                   |   |                                                      | 425.7    |   |   |   | 0.2 |   |   |   | 0.15 | % |   |   | 486.3 |   |   |   | 0.3 |   |   |   | 0.22 | % |
| Junior subordinated debt securities                                                                                           |   |                                                      | 160.3    |   |   |   | 2.9 |   |   |   | 7.16 | % |   |   | 160.3 |   |   |   | 2.9 |   |   |   | 7.16 | % |
| Long-term  FHLB borrowings                                                                                          |   |                                                      | 89.4     |   |   |   | 1.1 |   |   |   | 5.27 | % |   |   | 112.7 |   |   |   | 1.5 |   |   |   | 5.36 | % |
|   Total interest bearing                                                                                            |   |                                                      |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     liabilities and expense                                                                               |   |                                                      | 10,013.1 |   |   |   | 27.3 |   |   |   | 1.09 | % |   |   | 9,979.4 |   |   |   | 36.8 |   |   |   | 1.48 | % |
| Demand deposits -                                                                                                             |   |                                                      |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   noninterest bearing                                                                                               |   |                                                      | 2,018.2  |   |   |   |   |   |   |   |   |   |   |   | 1,855.6 |   |   |   |   |   |   |   |   |   |
| Other liabilities                                                                                                             |   |                                                      | 112.0    |   |   |   |   |   |   |   |   |   |   |   | 142.7 |   |   |   |   |   |   |   |   |   |
|   Total liabilities                                                                                                 |   |                                                      | 12,143.3 |   |   |   |   |   |   |   |   |   |   |   | 11,977.7 |   |   |   |   |   |   |   |   |   |
| Shareholders' equity                                                                                                          |   |                                                      | 1,222.2  |   |   |   |   |   |   |   |   |   |   |   | 1,245.8 |   |   |   |   |   |   |   |   |   |
|   Total                                                                                                             |   | $                                                         | 13,365.5 |   |   |   |   |   |   |   |   |   |   | $ | 13,223.5 |   |   |   |   |   |   |   |   |   |
| Net interest revenue-FTE                                                                                                      |   |                                                      |     |   |   | $ | 113.2 |   |   |   |   |   |   |   |   |   |   | $ | 112.0 |   |   |   |   |   |
| Net interest margin-FTE                                                                                                       |   |                                                      |     |   |   |   |   |   |   |   | 3.71 | % |   |   |   |   |   |   |   |   |   |   | 3.71 | % |
| Net interest rate spread                                                                                                      |   |                                                      |     |   |   |   |   |   |   |   | 3.51 | % |   |   |   |   |   |   |   |   |   |   | 3.45 | % |
| Interest bearing liabilities to                                                                                               |   |                                                      |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    interest earning assets                                                                                     |   |                                                      |     |   |   |   |   |   |   |   | 81.89 | % |   |   |   |   |   |   |   |   |   |   | 82.40 | % |
| (1) Includes taxable equivalent adjustment to interest of $0.9 million and $0.8 million for the three months ended       |   |                                                      |     |   |   |
| June 30, 2011 and June 30, 2010using an effective tax rate of 35%.                                                            |   |                                                      |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (2)  Includes non-accrual loans.                                                                                    |   |                                                      |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (3) Includes taxable equivalent adjustment to interest of $0.1 million for the three months ended June 30, 2011 and 2010 |   |
|      using an effective tax rate of 35%.                                                             |   |                                                      |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (4) Includes taxable equivalent adjustments to interest of $1.2 million and $1.3 million for the three months ended      |   |                                                      |     |   |   |
| June 30, 2011 and 2010, respectively, using an effective tax rate of 35%.                                                     |   |                                                      |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (5) Includes taxable equivalent adjustment to interest of $1.0 million and $0.4 million for the three months ended       |   |                                                      |     |   |   |
| June 30, 2011 and 2010, respectively, using an effective tax rate of 35%.                                                     |   |                                                      |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                                                                                           |   | Six months ended June 30,                                 |     |
|--------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------|----------|
|                                                                                                                           |   | 2011                                                      |     |   | 2010 |   |
|                                                                                                                           |   | Average                                                   |     |   |   |   |   | Yield/ |   |   | Average |   |   |   |   |   | Yield/ |   |
|                                                                                                                           |   | Balance                                                   |     |   | Interest |   |   | Rate |   |   | Balance |   |   | Interest |   |   | Rate |   |
| ASSETS                                                                                                                         |   | (Dollars in millions, yields on taxable equivalent basis) |     |
| Loans and leases (net of unearned                                                                                              |   |                                                      |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   income) (1)(2)                                                                                                     |   | $                                                         | 9,274.4  |   |   | $ | 236.0 |   |   |   | 5.13 | % |   | $ | 9,735.0 |   |   | $ | 253.2 |   |   |   | 5.24 | % |
| Loans held for sale                                                                                                            |   |                                                      | 41.9     |   |   |   | 0.9 |   |   |   | 4.58 | % |   |   | 51.6 |   |   |   | 1.2 |   |   |   | 4.82 | % |
| Held-to-maturity securities:                                                                                                   |   |                                                      |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Taxable (3)                                                                                                        |   |                                                      | 1,104.0  |   |   |   | 13.3 |   |   |   | 2.42 | % |   |   | 895.5 |   |   |   | 19.0 |   |   |   | 4.28 | % |
|   Non-taxable (4)                                                                                                    |   |                                                      | 269.9    |   |   |   | 8.7 |   |   |   | 6.48 | % |   |   | 217.0 |   |   |   | 7.5 |   |   |   | 6.97 | % |
| Available-for-sale securities:                                                                                                 |   |                                                      |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Taxable                                                                                                            |   |                                                      | 1,224.8  |   |   |   | 19.1 |   |   |   | 3.14 | % |   |   | 840.3 |   |   |   | 16.4 |   |   |   | 3.94 | % |
|   Non-taxable (5)                                                                                                    |   |                                                      | 124.1    |   |   |   | 4.1 |   |   |   | 6.74 | % |   |   | 72.4 |   |   |   | 2.6 |   |   |   | 7.13 | % |
| Federal funds sold, securities                                                                                                 |   |                                                      |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   purchased under agreement to resell                                                                                |   |                                                      |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   and short-term investments                                                                                         |   |                                                      | 271.7    |   |   |   | 0.4 |   |   |   | 0.31 | % |   |   | 233.5 |   |   |   | 0.3 |   |   |   | 0.24 | % |
|   Total interest earning                                                                                             |   |                                                      |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     assets and revenue                                                                                     |   |                                                      | 12,310.8 |   |   |   | 282.5 |   |   |   | 4.63 | % |   |   | 12,045.3 |   |   |   | 300.2 |   |   |   | 5.03 | % |
| Other assets                                                                                                                   |   |                                                      | 1,356.9  |   |   |   |   |   |   |   |   |   |   |   | 1,335.0 |   |   |   |   |   |   |   |   |   |
| Less:  allowance for credit losses                                                                                   |   |                                                      | (215.5   | ) |   |   |   |   |   |   |   |   |   |   | (204.7 | ) |   |   |   |   |   |   |   |   |
|                                                                                                                           |   |                                                      |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Total                                                                                                  |   | $                                                         | 13,452.2 |   |   |   |   |   |   |   |   |   |   | $ | 13,175.6 |   |   |   |   |   |   |   |   |   |
|                                                                                                                           |   |                                                      |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| LIABILITIES AND                                                                                                                |   |                                                      |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| SHAREHOLDERS' EQUITY                                                                                                           |   |                                                      |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Deposits:                                                                                                                      |   |                                                      |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Demand - interest bearing                                                                                          |   | $                                                         | 5,064.9  |   |   | $ | 12.6 |   |   |   | 0.50 | % |   | $ | 4,601.7 |   |   | $ | 19.1 |   |   |   | 0.84 | % |
|   Savings                                                                                                            |   |                                                      | 919.4    |   |   |   | 1.6 |   |   |   | 0.36 | % |   |   | 759.6 |   |   |   | 1.8 |   |   |   | 0.48 | % |
|   Other time                                                                                                         |   |                                                      | 3,485.8  |   |   |   | 33.8 |   |   |   | 1.95 | % |   |   | 3,778.3 |   |   |   | 43.1 |   |   |   | 2.30 | % |
| Federal funds purchased, securities                                                                                            |   |                                                      |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   sold under agreement to repurchase,                                                                                |   |                                                      |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   short-term FHLB borrowings                                                                                         |   |                                                      |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   and other short term borrowings                                                                                    |   |                                                      | 429.7    |   |   |   | 0.3 |   |   |   | 0.16 | % |   |   | 525.1 |   |   |   | 0.9 |   |   |   | 0.33 | % |
| Junior subordinated debt securities                                                                                            |   |                                                      | 160.3    |   |   |   | 5.7 |   |   |   | 7.19 | % |   |   | 160.3 |   |   |   | 5.7 |   |   |   | 7.19 | % |
| Long-term  FHLB borrowings                                                                                           |   |                                                      | 99.6     |   |   |   | 2.7 |   |   |   | 5.38 | % |   |   | 112.8 |   |   |   | 3.0 |   |   |   | 5.42 | % |
|   Total interest bearing                                                                                             |   |                                                      |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     liabilities and expense                                                                                |   |                                                      | 10,159.7 |   |   |   | 56.7 |   |   |   | 1.13 | % |   |   | 9,937.8 |   |   |   | 73.6 |   |   |   | 1.49 | % |
| Demand deposits -                                                                                                              |   |                                                      |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   noninterest bearing                                                                                                |   |                                                      | 1,956.3  |   |   |   |   |   |   |   |   |   |   |   | 1,837.9 |   |   |   |   |   |   |   |   |   |
| Other liabilities                                                                                                              |   |                                                      | 115.3    |   |   |   |   |   |   |   |   |   |   |   | 144.4 |   |   |   |   |   |   |   |   |   |
|   Total liabilities                                                                                                  |   |                                                      | 12,231.3 |   |   |   |   |   |   |   |   |   |   |   | 11,920.1 |   |   |   |   |   |   |   |   |   |
| Shareholders' equity                                                                                                           |   |                                                      | 1,220.9  |   |   |   |   |   |   |   |   |   |   |   | 1,255.5 |   |   |   |   |   |   |   |   |   |
|   Total                                                                                                              |   | $                                                         | 13,452.2 |   |   |   |   |   |   |   |   |   |   | $ | 13,175.6 |   |   |   |   |   |   |   |   |   |
| Net interest revenue-FTE                                                                                                       |   |                                                      |     |   |   | $ | 225.8 |   |   |   |   |   |   |   |   |   |   | $ | 226.6 |   |   |   |   |   |
| Net interest margin-FTE                                                                                                        |   |                                                      |     |   |   |   |   |   |   |   | 3.70 | % |   |   |   |   |   |   |   |   |   |   | 3.79 | % |
| Net interest rate spread                                                                                                       |   |                                                      |     |   |   |   |   |   |   |   | 3.50 | % |   |   |   |   |   |   |   |   |   |   | 3.54 | % |
| Interest bearing liabilities to                                                                                                |   |                                                      |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    interest earning assets                                                                                      |   |                                                      |     |   |   |   |   |   |   |   | 82.53 | % |   |   |   |   |   |   |   |   |   |   | 82.50 | % |
| (1) Includes taxable equivalent adjustment to interest of $1.7 million and $1.6 million for the six months ended          |   |                                                      |     |   |   |
| June 30, 2010 and 2009, respectively, using an effective tax rate of 35%.                                                      |   |                                                      |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (2)  Includes non-accrual loans.                                                                                     |   |                                                      |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (3) Includes taxable equivalent adjustments to interest of $0.2 million for the nine months ended June 30, 2011 and 2010, |   |
| respectively, using an effective tax rate of 35%.                                                                              |   |                                                      |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (4) Includes taxable equivalent adjustments to interest of $3.0 million and $2.6 million for the six months ended         |   |                                                      |     |   |   |
| June 30, 2010 and 2009, respectively, using an effective tax rate of 35%.                                                      |   |                                                      |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (5) Includes taxable equivalent adjustment to interest of $1.5 million and $0.9 million for the six months ended          |   |                                                      |     |   |   |
| June 30, 2010 and 2009, respectively, using an effective tax rate of 35%.                                                      |   |                                                      |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

----

|                                             |   | Interest Rate Sensitivity - Maturing or Repricing Opportunities |       |
|--------------------------------------------------|--------|-----------------------------------------------------------------|------------|
|                                             |   |                                                            |       |   | 91 Days |   |   | Over One |   |   |   |   |
|                                             |   | 0 to 90                                                    |       |   | to |   |   | Year to |   |   | Over |   |
|                                             |   | Days                                                            |       |   | One Year |   |   | Five Years |   |   | Five Years |   |
|                                             |   | (In thousands)                                                  |       |
| Interest earning assets:                         |   |                                                            |       |   |   |   |   |   |   |   |   |   |
| Interest bearing deposits with banks             |   | $                                                               | 304,344    |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |
| Available-for-sale and trading securities        |   |                                                            | 162,594    |   |   |   | 201,320 |   |   |   | 1,357,245 |   |   |   | 839,665 |   |
| Loans and leases, net of unearned income         |   |                                                            | 4,491,649  |   |   |   | 1,725,636 |   |   |   | 2,714,929 |   |   |   | 282,339 |   |
| Loans held for sale                              |   |                                                            | 48,663     |   |   |   | 315 |   |   |   | 1,872 |   |   |   | 19,669 |   |
|   Total interest earning assets        |   |                                                            | 5,007,250  |   |   |   | 1,927,271 |   |   |   | 4,074,046 |   |   |   | 1,141,673 |   |
| Interest bearing liabilities:                    |   |                                                            |       |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest bearing demand deposits and savings     |   |                                                            | 5,884,546  |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Other time deposits                              |   |                                                            | 764,958    |   |   |   | 1,557,226 |   |   |   | 1,004,612 |   |   |   | 466 |   |
| Federal funds purchased and securities           |   |                                                            |       |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   sold under agreement to repurchase,  |   |                                                            |       |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   short-term FHLB borrowings and other |   |                                                            |       |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   short-term borrowings                |   |                                                            | 426,097    |   |   |   | 703 |   |   |   | - |   |   |   | - |   |
| Long-term FHLB borrowings and junior             |   |                                                            |       |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   subordinated debt securities         |   |                                                            | -          |   |   |   | - |   |   |   | 5,000 |   |   |   | 190,312 |   |
| Other                                            |   |                                                            | -          |   |   |   | - |   |   |   | 74 |   |   |   | - |   |
|   Total interest bearing liabilities   |   |                                                            | 7,075,601  |   |   |   | 1,557,929 |   |   |   | 1,009,686 |   |   |   | 190,778 |   |
| Interest rate sensitivity gap                    |   | $                                                               | (2,068,351 | ) |   | $ | 369,342 |   |   | $ | 3,064,360 |   |   | $ | 950,895 |   |
| Cumulative interest sensitivity gap              |   | $                                                               | (2,068,351 | ) |   | $ | (1,699,009 | ) |   | $ | 1,365,351 |   |   | $ | 2,316,246 |   |

----

|                    | Net Interest Income                |
|-------------------------|------------------------------------|
|                    | % Variance from Base Case Scenario |
| Rate Shock              | June 30, 2011                      |   | June 30, 2010 |
| +400 basis points       | -15.6%                             |   | NA |
| +300 basis points       | -12.2%                             |   | NA |
| +200 basis points       | -9.0%                              |   | -4.9% |
| +100 basis points       | -5.1%                              |   | -2.5% |
|  -100 basis points | NM                                 |   | NM |

|                    | Economic Value of Equity           |
|-------------------------|------------------------------------|
|                    | % Variance from Base Case Scenario |
| Rate Shock              | June 30, 2011                      |   | June 30, 2010 |
| +400 basis points       | -3.8%                              |   | NA |
| +300 basis points       | -2.9%                              |   | NA |
| +200 basis points       | -2.2%                              |   | -10.8% |
| +100 basis points       | -1.4%                              |   | -5.7% |
|  -100 basis points | NM                                 |   | NM |
|  -200 basis points | NM                                 |   | NM |
|  -300 basis points | NM                                 |   | NM |
|  -400 basis points | NM                                 |   | NM |
| NM=not meaningful       |                               |   |
| NA=not available        |                               |   |   |

|              | Net Interest Income                |
|-------------------|------------------------------------|
|              | % Variance from Base Case Scenario |
| Rate Ramp         | June 30, 2011                      |   | June 30, 2010 |
| +200 basis points | -6.8%                              |   | -4.1% |
| -200 basis points | NM                                 |   | NM |
| NM=not meaningful |                               |   |   |

----

----

----

|                                                          |   |                   |      |   |             |   |      |   |   |   |      |   |
|---------------------------------------------------------------|--------|------------------------|-----------|--------|------------------|--------|-----------|--------|--------|--------|-----------|--------|
|                                                          |   | Three months ended     |      |   | Six months ended |   |
|                                                          |   | June 30,               |      |   | June 30,         |   |
|                                                          |   | 2011                   |      |   | 2010             |   |      | 2011   |   |   | 2010      |   |
|                                                          |   | (Dollars in thousands) |      |   |             |   |      |   |   |
| Balance, beginning of period                                  |   | $                      | 198,333   |   |             | $      | 188,884   |   |   | $      | 196,913   |   |   | $ | 176,043 |   |
|                                                          |   |                   |      |   |             |   |      |   |   |   |      |   |   |   |   |   |
| Loans and leases charged off:                                 |   |                   |      |   |             |   |      |   |   |   |      |   |   |   |   |   |
| Commercial and industrial                                     |   |                   | (5,556    | )      |             |   | (5,106    | )      |   |   | (14,365   | )      |   |   | (7,275 | ) |
| Real estate                                                   |   |                   |      |   |             |   |      |   |   |   |      |   |   |   |   |   |
|    Consumer mortgages                          |   |                   | (1,629    | )      |             |   | (2,993    | )      |   |   | (4,889    | )      |   |   | (7,591 | ) |
|    Home equity                                 |   |                   | (1,391    | )      |             |   | (602      | )      |   |   | (2,473    | )      |   |   | (2,285 | ) |
|    Agricultural                                |   |                   | (373      | )      |             |   | (473      | )      |   |   | (965      | )      |   |   | (680 | ) |
|    Commercial and industrial-owner occupied    |   |                   | (3,228    | )      |             |   | (3,845    | )      |   |   | (4,944    | )      |   |   | (6,310 | ) |
|    Construction, acquisition and development   |   |                   | (16,783   | )      |             |   | (33,321   | )      |   |   | (49,126   | )      |   |   | (49,090 | ) |
|    Commercial                                  |   |                   | (1,597    | )      |             |   | (2,593    | )      |   |   | (6,111    | )      |   |   | (4,871 | ) |
| Credit cards                                                  |   |                   | (725      | )      |             |   | (1,363    | )      |   |   | (1,606    | )      |   |   | (2,523 | ) |
| All other                                                     |   |                   | (4,971    | )      |             |   | (2,067    | )      |   |   | (5,524    | )      |   |   | (3,117 | ) |
|   Total loans charged off                           |   |                   | (36,253   | )      |             |   | (52,363   | )      |   |   | (90,003   | )      |   |   | (83,742 | ) |
|                                                          |   |                   |      |   |             |   |      |   |   |   |      |   |   |   |   |   |
| Recoveries:                                                   |   |                   |      |   |             |   |      |   |   |   |      |   |   |   |   |   |
| Commercial and industrial                                     |   |                   | 589       |   |             |   | 242       |   |   |   | 773       |   |   |   | 305 |   |
| Real estate                                                   |   |                   |      |   |             |   |      |   |   |   |      |   |   |   |   |   |
|    Consumer mortgages                          |   |                   | 220       |   |             |   | 818       |   |   |   | 363       |   |   |   | 882 |   |
|    Home equity                                 |   |                   | 46        |   |             |   | 43        |   |   |   | 91        |   |   |   | 95 |   |
|    Agricultural                                |   |                   | 45        |   |             |   | -         |   |   |   | 47        |   |   |   | - |   |
|    Commercial and industrial-owner occupied    |   |                   | 21        |   |             |   | 44        |   |   |   | 194       |   |   |   | 51 |   |
|    Construction, acquisition and development   |   |                   | 1,493     |   |             |   | 211       |   |   |   | 2,057     |   |   |   | 267 |   |
|    Commercial                                  |   |                   | 392       |   |             |   | 27        |   |   |   | 405       |   |   |   | 39 |   |
| Credit cards                                                  |   |                   | 239       |   |             |   | 219       |   |   |   | 494       |   |   |   | 369 |   |
| All other                                                     |   |                   | 262       |   |             |   | 265       |   |   |   | 574       |   |   |   | 562 |   |
|   Total recoveries                                  |   |                   | 3,307     |   |             |   | 1,869     |   |   |   | 4,998     |   |   |   | 2,570 |   |
|                                                          |   |                   |      |   |             |   |      |   |   |   |      |   |   |   |   |   |
| Net charge-offs                                               |   |                   | (32,946   | )      |             |   | (50,494   | )      |   |   | (85,005   | )      |   |   | (81,172 | ) |
|                                                          |   |                   |      |   |             |   |      |   |   |   |      |   |   |   |   |   |
| Provision charged to operating expense                        |   |                   | 32,240    |   |             |   | 62,354    |   |   |   | 85,719    |   |   |   | 105,873 |   |
| Balance, end of period                                        |   | $                      | 197,627   |   |             | $      | 200,744   |   |   | $      | 197,627   |   |   | $ | 200,744 |   |
|                                                          |   |                   |      |   |             |   |      |   |   |   |      |   |   |   |   |   |
| Average loans for period                                      |   | $                      | 9,249,127 |   |             | $      | 9,703,253 |   |   | $      | 9,274,415 |   |   | $ | 9,734,994 |   |
|                                                          |   |                   |      |   |             |   |      |   |   |   |      |   |   |   |   |   |
| Ratios:                                                       |   |                   |      |   |             |   |      |   |   |   |      |   |   |   |   |   |
| Net charge-offs to average loans (annualized)                 |   |                   | 1.42      | %      |             |   | 2.08      | %      |   |   | 1.83      | %      |   |   | 1.67 | % |
| Provision for credit losses to average loans and              |   |                   |      |   |             |   |      |   |   |   |      |   |   |   |   |   |
|    leases, net of unearned income (annualized) |   |                   | 1.39      | %      |             |   | 2.57      | %      |   |   | 1.85      | %      |   |   | 2.18 | % |
| Allowance for credit losses to loans and                      |   |                   |      |   |             |   |      |   |   |   |      |   |   |   |   |   |
|    leases, net of unearned income              |   |                   | 2.14      | %      |             |   | 2.08      | %      |   |   | 2.14      | %      |   |   | 2.08 | % |
| Allowance for credit losses to net charge-                    |   |                   |      |   |             |   |      |   |   |   |      |   |   |   |   |   |
|    offs (annualized)                           |   |                   | 149.96    | %      |             |   | 99.39     | %      |   |   | 116.24    | %      |   |   | 123.65 | % |

----

|                                                        |   | June 30,               |    |   | December 31, |   |
|-------------------------------------------------------------|--------|------------------------|---------|--------|--------------|--------|
|                                                        |   | 2011                   |    |   | 2010         |   |   | 2010 |   |
|                                                        |   | Allowance              |    |   | % of         |   |   | Allowance |   |   | % of |   |   | Allowance |   |   | % of |   |
|                                                        |   | for                    |    |   | Total        |   |   | for |   |   | Total |   |   | for |   |   | Total |   |
|                                                        |   | Credit                 |    |   | Loans        |   |   | Credit |   |   | Loans |   |   | Credit |   |   | Loans |   |
|                                                        |   | Losses                 |    |   | and Leases   |   |   | Losses |   |   | and Leases |   |   | Losses |   |   | and Leases |   |
|                                                        |   | (Dollars in thousands) |    |
| Commercial and industrial                                   |   | $                      | 22,840  |   |         |   | 16.6 | % |   | $ | 22,518 |   |   |   | 15.5 | % |   | $ | 22,479 |   |   |   | 16.1 | % |
| Real estate                                                 |   |                   |    |   |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Consumer mortgages                        |   |                   | 37,045  |   |         |   | 21.3 | % |   |   | 32,595 |   |   |   | 20.4 | % |   |   | 35,540 |   |   |   | 20.8 | % |
|    Home equity                               |   |                   | 7,620   |   |         |   | 5.8 | % |   |   | 6,779 |   |   |   | 5.7 | % |   |   | 7,305 |   |   |   | 5.8 | % |
|    Agricultural                              |   |                   | 4,709   |   |         |   | 2.8 | % |   |   | 3,767 |   |   |   | 2.7 | % |   |   | 4,997 |   |   |   | 2.7 | % |
|    Commercial and industrial-owner occupied  |   |                   | 24,644  |   |         |   | 14.8 | % |   |   | 22,533 |   |   |   | 14.5 | % |   |   | 20,403 |   |   |   | 14.2 | % |
|    Construction, acquisition and development |   |                   | 53,920  |   |         |   | 11.5 | % |   |   | 68,305 |   |   |   | 14.6 | % |   |   | 59,048 |   |   |   | 12.5 | % |
|    Commercial                                |   |                   | 35,293  |   |         |   | 19.1 | % |   |   | 28,643 |   |   |   | 18.5 | % |   |   | 33,439 |   |   |   | 19.4 | % |
| Credit cards                                                |   |                   | 3,487   |   |         |   | 1.1 | % |   |   | 3,311 |   |   |   | 1.1 | % |   |   | 4,126 |   |   |   | 1.1 | % |
| All other                                                   |   |                   | 8,069   |   |         |   | 7.0 | % |   |   | 12,293 |   |   |   | 7.0 | % |   |   | 9,576 |   |   |   | 7.4 | % |
|      Total                         |   | $                      | 197,627 |   |         |   | 100.0 | % |   | $ | 200,744 |   |   |   | 100.0 | % |   | $ | 196,913 |   |   |   | 100.0 | % |

----

|                                      |   | Three months ended     |   |   |   |   |
|-------------------------------------------|--------|------------------------|--------|--------|--------|--------|
|                                      |   | June 30,               |   |   |   |   |
|                                      |   | 2011                   |   |   | 2010   |   |   | % Change |   |
|                                      |   | (Dollars in thousands) |   |   |   |   |
| Mortgage lending                          |   | $                      | 2,003  |   |   | $      | (2,304 | ) |   | NM% |   |
| Credit card, debit card and merchant fees |   |                   | 11,263 |   |   |   | 9,333 |   |   |   | 20.7 |   |
| Service charges                           |   |                   | 16,556 |   |   |   | 18,953 |   |   |   | (12.6 | ) |
| Trust income                              |   |                   | 2,850  |   |   |   | 2,707 |   |   |   | 5.3 |   |
| Securities gains, net                     |   |                   | 10,045 |   |   |   | (585 | ) |   | NM |   |
| Insurance commissions                     |   |                   | 22,941 |   |   |   | 21,666 |   |   |   | 5.9 |   |
| Annuity fees                              |   |                   | 1,094  |   |   |   | 698 |   |   |   | 56.7 |   |
| Brokerage commissions and fees            |   |                   | 1,437  |   |   |   | 1,419 |   |   |   | 1.3 |   |
| Bank-owned life insurance                 |   |                   | 2,223  |   |   |   | 1,972 |   |   |   | 12.7 |   |
| Other miscellaneous income                |   |                   | 4,732  |   |   |   | 3,227 |   |   |   | 46.6 |   |
| Total noninterest revenue                 |   | $                      | 75,144 |   |   | $      | 57,086 |   |   |   | 31.6 | % |

|                                      |   | Six months ended       |    |   |   |   |
|-------------------------------------------|--------|------------------------|---------|--------|--------|--------|
|                                      |   | June 30,               |    |   |   |   |
|                                      |   | 2011                   |    |   | 2010   |   |   | % Change |   |
|                                      |   | (Dollars in thousands) |    |   |   |   |
| Mortgage lending                          |   | $                      | 9,584   |   |   | $      | 2,721 |   |   |   | 252.2 | % |
| Credit card, debit card and merchant fees |   |                   | 21,609  |   |   |   | 18,143 |   |   |   | 19.1 |   |
| Service charges                           |   |                   | 31,924  |   |   |   | 35,215 |   |   |   | (9.3 | ) |
| Trust income                              |   |                   | 5,984   |   |   |   | 5,294 |   |   |   | 13.0 |   |
| Securities gains, net                     |   |                   | 10,062  |   |   |   | 712 |   |   |   | 1,313.2 |   |
| Insurance commissions                     |   |                   | 45,490  |   |   |   | 43,334 |   |   |   | 5.0 |   |
| Annuity fees                              |   |                   | 2,390   |   |   |   | 1,479 |   |   |   | 61.6 |   |
| Brokerage commissions and fees            |   |                   | 3,075   |   |   |   | 2,736 |   |   |   | 12.4 |   |
| Bank owned life insurance                 |   |                   | 3,922   |   |   |   | 3,641 |   |   |   | 7.7 |   |
| Other miscellaneous income                |   |                   | 9,415   |   |   |   | 7,143 |   |   |   | 31.8 |   |
| Total noninterest revenue                 |   | $                      | 143,455 |   |   | $      | 120,418 |   |   |   | 19.1 | % |
| NM=Not meaningful                         |   |                   |    |   |   |   |   |   |   |   |   |   |

----

----

|                                  |   | Three months ended     |   |   |   |   |
|---------------------------------------|--------|------------------------|--------|--------|--------|--------|
|                                  |   | June 30,               |   |   |   |   |
|                                  |   | 2011                   |   |   |   |   | 2010 |   |   | % Change |   |
|                                  |   | (Dollars in thousands) |   |   |   |   |
| Production revenue:                   |   |                   |   |   |   |   |   |   |   |   |   |
|    Origination         |   | $                      | 4,066  |   |   |   |   | $ | 4,532 |   |   |   | (10.3 | )% |
|    Servicing           |   |                   | 3,166  |   |   |   |   |   | 2,921 |   |   |   | 8.4 |   |
|    Payoffs/Paydowns    |   |                   | (1,390 | )      |   |   |   |   | (1,434 | ) |   |   | (3.1 | ) |
|      Total   |   |                   | 5,842  |   |   |   |   |   | 6,019 |   |   |   | (2.9 | ) |
| Market value adjustment               |   |                   | (3,839 | )      |   |   |   |   | (8,323 | ) |   |   | (53.9 | ) |
| Mortgage lending revenue              |   | $                      | 2,003  |   |   |   |   | $ | (2,304 | ) |   | NM |   |
|                                  |   |                   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                  |   | (Dollars in millions)  |   |   |   |   |   |
| Origination volume                    |   | $                      | 245    |   |   |   |   | $ | 291 |   |   |   | (15.8 | ) |
|                                  |   |                   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                  |   |                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Mortgage loans serviced at period-end |   | $                      | 4,027  |   |   |   |   | $ | 3,552 |   |   |   | 13.4 |   |

|                                  |   | Six months ended       |   |   |   |   |
|---------------------------------------|--------|------------------------|--------|--------|--------|--------|
|                                  |   | June 30,               |   |   |   |   |
|                                  |   | 2011                   |   |   |   |   |   | 2010 |   |   | % Change |   |
|                                  |   | (Dollars in thousands) |   |   |   |   |
| Production revenue:                   |   |                   |   |   |   |   |   |   |   |   |   |   |
|    Origination         |   | $                      | 7,290  |   |   |   |   |   | $ | 7,958 |   |   |   | (8.4 | )% |
|    Servicing           |   |                   | 6,283  |   |   |   |   |   |   | 5,814 |   |   |   | 8.1 |   |
|    Payoffs/Paydowns    |   |                   | (2,690 | )      |   |   |   |   |   | (2,736 | ) |   |   | (1.7 | ) |
|      Total   |   |                   | 10,883 |   |   |   |   |   |   | 11,036 |   |   |   | (1.4 | ) |
| Market value adjustment               |   |                   | (1,299 | )      |   |   |   |   |   | (8,315 | ) |   |   | (84.4 | ) |
| Mortgage lending revenue              |   | $                      | 9,584  |   |   |   |   |   | $ | 2,721 |   |   |   | 252.2 |   |
|                                  |   |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                  |   | (Dollars in millions)  |   |   |   |   |   |
| Origination volume                    |   | $                      | 448    |   |   |   |   |   | $ | 498 |   |   |   | (10.0 | ) |
|                                  |   |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Mortgage loans serviced at period-end |   | $                      | 4,027  |   |   |   |   |   | $ | 3,552 |   |   |   | 13.4 |   |
|                                  |   |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| NM=Not meaningful                     |   |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                  |   | Three months ended     |    |   |   |   |
|---------------------------------------|--------|------------------------|---------|--------|--------|--------|
|                                  |   | June 30,               |    |   |   |   |
|                                  |   | 2011                   |    |   | 2010   |   |   | % Change |   |
|                                  |   | (Dollars in thousands) |    |   |   |   |
| Salaries and employee benefits        |   | $                      | 70,142  |   |   | $      | 68,189 |   |   |   | 2.9 | % |
| Occupancy, net                        |   |                   | 10,232  |   |   |   | 10,527 |   |   |   | (2.8 | ) |
| Equipment                             |   |                   | 5,595   |   |   |   | 5,877 |   |   |   | (4.8 | ) |
| Deposit insurance assessments         |   |                   | 6,436   |   |   |   | 4,362 |   |   |   | 47.5 |   |
| Prepayment penalty on FHLB borrowings |   |                   | 9,778   |   |   |   | - |   |   | NM |   |
| Advertising                           |   |                   | 1,291   |   |   |   | 1,196 |   |   |   | 7.9 |   |
| Foreclosed property expense           |   |                   | 3,765   |   |   |   | 3,813 |   |   |   | (1.3 | ) |
| Telecommunications                    |   |                   | 2,036   |   |   |   | 2,494 |   |   |   | (18.4 | ) |
| Public relations                      |   |                   | 1,554   |   |   |   | 1,656 |   |   |   | (6.2 | ) |
| Data processing                       |   |                   | 2,365   |   |   |   | 1,594 |   |   |   | 48.4 |   |
| Computer software                     |   |                   | 1,899   |   |   |   | 1,900 |   |   |   | (0.1 | ) |
| Amortization of intangibles           |   |                   | 833     |   |   |   | 984 |   |   |   | (15.3 | ) |
| Legal fees                            |   |                   | 1,095   |   |   |   | 1,313 |   |   |   | (16.6 | ) |
| Postage and shipping                  |   |                   | 1,171   |   |   |   | 1,178 |   |   |   | (0.6 | ) |
| Other miscellaneous expense           |   |                   | 18,877  |   |   |   | 14,933 |   |   |   | 26.4 |   |
| Total noninterest expense             |   | $                      | 137,069 |   |   | $      | 120,016 |   |   |   | 14.2 | % |
|                                  |   |                   |    |   |   |   |   |   |   |   |   |   |

----

|                                  |   | Six months ended       |    |   |   |   |
|---------------------------------------|--------|------------------------|---------|--------|--------|--------|
|                                  |   | June 30,               |    |   |   |   |
|                                  |   | 2011                   |    |   | 2010   |   |   | % Change |   |
|                                  |   | (Dollars in thousands) |    |   |   |   |
| Salaries and employee benefits        |   | $                      | 140,517 |   |   | $      | 137,476 |   |   |   | 2.2 | % |
| Occupancy, net of rental income       |   |                   | 20,903  |   |   |   | 21,302 |   |   |   | (1.9 | ) |
| Equipment                             |   |                   | 11,253  |   |   |   | 11,616 |   |   |   | (3.1 | ) |
| Deposit insurance assessments         |   |                   | 11,861  |   |   |   | 8,612 |   |   |   | 37.7 |   |
| Prepayment penalty on FHLB borrowings |   |                   | 9,778   |   |   |   | - |   |   | NM |   |
| Advertising                           |   |                   | 2,180   |   |   |   | 1,852 |   |   |   | 17.7 |   |
| Foreclosed property expense           |   |                   | 10,847  |   |   |   | 7,351 |   |   |   | 47.6 |   |
| Telecommunications                    |   |                   | 4,179   |   |   |   | 4,694 |   |   |   | (11.0 | ) |
| Public relations                      |   |                   | 3,068   |   |   |   | 3,304 |   |   |   | (7.1 | ) |
| Data processing                       |   |                   | 4,666   |   |   |   | 3,064 |   |   |   | 52.3 |   |
| Computer software                     |   |                   | 3,747   |   |   |   | 3,604 |   |   |   | 4.0 |   |
| Amortization of intangibles           |   |                   | 1,687   |   |   |   | 1,999 |   |   |   | (15.6 | ) |
| Legal                                 |   |                   | 3,681   |   |   |   | 2,641 |   |   |   | 39.4 |   |
| Postage and shipping                  |   |                   | 2,468   |   |   |   | 2,538 |   |   |   | (2.8 | ) |
| Other miscellaneous expense           |   |                   | 36,244  |   |   |   | 30,446 |   |   |   | 19.0 |   |
| Total noninterest expense             |   | $                      | 267,079 |   |   | $      | 240,499 |   |   |   | 11.1 | % |
| NM=Not meaningful                     |   |                   |    |   |   |   |   |   |   |   |   |   |

|                                           |   | Three months ended     |   |   |   |   |
|------------------------------------------------|--------|------------------------|--------|--------|--------|--------|
|                                           |   | June 30,               |   |   |   |   |
|                                           |   | 2011                   |   |   | 2010   |   |   | % Change |
|                                           |   | (Dollars in thousands) |   |   |   |   |
| (Gain) loss on sale of other real estate owned |   | $                      | (140   | )      |   | $      | 830 |   |   |   | (116.9 | )% |
| Writedown of other real estate owned           |   |                   | 2,272  |   |   |   | 2,388 |   |   |   | (4.9 | ) |
| Other foreclosed property expense              |   |                   | 1,633  |   |   |   | 595 |   |   |   | 174.5 |   |
| Total foreclosed property expense              |   | $                      | 3,765  |   |   | $      | 3,813 |   |   |   | (1.3 | )% |

----

|                                    |   | Six months ended       |   |   |   |   |
|-----------------------------------------|--------|------------------------|--------|--------|--------|--------|
|                                    |   | June 30,               |   |   |   |   |
|                                    |   | 2011                   |   |   | 2010   |   |   | % Change |
|                                    |   | (Dollars in thousands) |   |   |   |   |
| Loss on sale of other real estate owned |   | $                      | 352    |   |   | $      | 1,455 |   |   |   | (75.8 | )% |
| Writedown of other real estate owned    |   |                   | 7,208  |   |   |   | 4,478 |   |   |   | 61.0 |   |
| Other foreclosed property expense       |   |                   | 3,287  |   |   |   | 1,418 |   |   |   | 131.8 |   |
| Total foreclosed property expense       |   | $                      | 10,847 |   |   | $      | 7,351 |   |   |   | 47.6 | % |

----

|                                                        |   | June 30,       |      |   | December 31, |   |
|-------------------------------------------------------------|--------|----------------|-----------|--------|--------------|--------|
|                                                        |   | 2011           |      |   | 2010         |   |   | 2010 |   |
|                                                        |   | (In thousands) |      |
|                                                        |   |           |      |   |         |   |   |   |   |
| Commercial and industrial                                   |   | $              | 1,540,048 |   |         | $      | 1,499,152 |   |   | $ | 1,505,471 |   |
| Real estate                                                 |   |           |      |   |         |   |   |   |   |   |   |   |
|    Consumer mortgages                        |   |           | 1,971,499 |   |         |   | 1,981,475 |   |   |   | 1,951,563 |   |
|    Home equity                               |   |           | 531,787   |   |         |   | 555,281 |   |   |   | 543,272 |   |
|    Agricultural                              |   |           | 255,310   |   |         |   | 260,489 |   |   |   | 252,292 |   |
|    Commercial and industrial-owner occupied  |   |           | 1,366,734 |   |         |   | 1,407,704 |   |   |   | 1,331,473 |   |
|    Construction, acquisition and development |   |           | 1,060,675 |   |         |   | 1,419,303 |   |   |   | 1,174,743 |   |
|    Commercial                                |   |           | 1,764,648 |   |         |   | 1,794,644 |   |   |   | 1,816,951 |   |
| Credit cards                                                |   |           | 101,955   |   |         |   | 102,784 |   |   |   | 106,345 |   |
| All other                                                   |   |           | 663,223   |   |         |   | 670,791 |   |   |   | 694,241 |   |
|      Total                         |   | $              | 9,255,879 |   |         | $      | 9,691,623 |   |   | $ | 9,376,351 |   |

|                                                        |   | Alabama        |    |   |     |   |      |        |   |   |      |   |   | Greater |    |   |      |   |    |      |   |   |    |   |   |   |      |
|-------------------------------------------------------------|--------|----------------|---------|--------|----------|--------|-----------|-------------|--------|--------|-----------|--------|--------|---------|---------|--------|-----------|--------|---------|-----------|--------|--------|---------|--------|--------|--------|-----------|
|                                                        |   | and Florida    |    |   |     |   |      |        |   |   |      |   |   | Memphis |    |   | Northeast |   |    | Texas and |   |   |    |   |   |   |      |
|                                                        |   | Panhandle      |    |   | Arkansas |   |      | Mississippi |   |   | Missouri  |   |   | Area    |    |   | Tennessee |   |    | Louisiana |   |   | Other   |   |   | Total  |      |
|                                                        |   | (In thousands) |    |   |     |   |
| Commercial and industrial                                   |   | $              | 63,477  |   |     | $      | 219,533   |        |   | $      | 322,786   |   |   | $       | 85,073  |   |      | $      | 24,045  |      |   | $      | 84,544  |   |   | $      | 274,812   |   |   | $ | 452,416 |   |   | $ | 1,526,686 |   |
| Real estate                                                 |   |           |    |   |     |   |      |        |   |   |      |   |   |    |    |   |      |   |    |      |   |   |    |   |   |   |      |   |   |   |   |   |   |   |   |   |
|    Consumer mortgages                        |   |           | 114,266 |   |     |   | 273,338   |        |   |   | 779,838   |   |   |    | 66,163  |   |      |   | 87,596  |      |   |   | 164,453 |   |   |   | 412,493   |   |   |   | 73,352 |   |   |   | 1,971,499 |   |
|    Home equity                               |   |           | 64,043  |   |     |   | 43,224    |        |   |   | 178,305   |   |   |    | 29,297  |   |      |   | 73,790  |      |   |   | 79,307  |   |   |   | 62,617    |   |   |   | 1,204 |   |   |   | 531,787 |   |
|    Agricultural                              |   |           | 7,338   |   |     |   | 73,285    |        |   |   | 75,142    |   |   |    | 5,642   |   |      |   | 16,248  |      |   |   | 13,629  |   |   |   | 58,370    |   |   |   | 5,656 |   |   |   | 255,310 |   |
|    Commercial and industrial-owner occupied  |   |           | 125,567 |   |     |   | 175,098   |        |   |   | 472,765   |   |   |    | 74,684  |   |      |   | 109,132 |      |   |   | 101,806 |   |   |   | 246,369   |   |   |   | 61,313 |   |   |   | 1,366,734 |   |
|    Construction, acquisition and development |   |           | 133,335 |   |     |   | 86,795    |        |   |   | 273,624   |   |   |    | 88,309  |   |      |   | 128,537 |      |   |   | 130,962 |   |   |   | 208,406   |   |   |   | 10,707 |   |   |   | 1,060,675 |   |
|    Commercial                                |   |           | 195,722 |   |     |   | 340,963   |        |   |   | 344,926   |   |   |    | 241,209 |   |      |   | 132,670 |      |   |   | 105,507 |   |   |   | 354,065   |   |   |   | 49,586 |   |   |   | 1,764,648 |   |
| Credit cards                                                |   |           | -       |   |     |   | -         |        |   |   | -         |   |   |    | -       |   |      |   | -       |      |   |   | -       |   |   |   | -         |   |   |   | 101,955 |   |   |   | 101,955 |   |
| All other                                                   |   |           | 14,936  |   |     |   | 42,680    |        |   |   | 79,088    |   |   |    | 1,409   |   |      |   | 48,596  |      |   |   | 28,516  |   |   |   | 29,521    |   |   |   | 390,513 |   |   |   | 635,259 |   |
|      Total                         |   | $              | 718,684 |   |     | $      | 1,254,916 |        |   | $      | 2,526,474 |   |   | $       | 591,786 |   |      | $      | 620,614 |      |   | $      | 708,724 |   |   | $      | 1,646,653 |   |   | $ | 1,146,702 |   |   | $ | 9,214,553 |   |

----

|                                                        |   |           |    |   | One Year |   |      | One to     |   |   | After      |   |   |   |    |
|-------------------------------------------------------------|--------|----------------|---------|--------|----------|--------|-----------|------------|--------|--------|------------|--------|--------|--------|---------|
|                                                        |   | Past Due       |    |   | or Less  |   |      | Five Years |   |   | Five Years |   |   | Total  |    |
|                                                        |   | (In thousands) |    |
| Commercial and industrial                                   |   | $              | 10,851  |   |     | $      | 975,292   |       |   | $      | 419,552    |   |   | $      | 120,991 |   |   | $ | 1,526,686 |   |
| Real estate                                                 |   |           |    |   |     |   |      |       |   |   |       |   |   |   |    |   |   |   |   |   |
|    Consumer mortgages                        |   |           | 8,628   |   |     |   | 460,507   |       |   |   | 1,220,811  |   |   |   | 281,553 |   |   |   | 1,971,499 |   |
|    Home equity                               |   |           | 632     |   |     |   | 114,047   |       |   |   | 417,063    |   |   |   | 45      |   |   |   | 531,787 |   |
|    Agricultural                              |   |           | 1,044   |   |     |   | 75,606    |       |   |   | 147,381    |   |   |   | 31,279  |   |   |   | 255,310 |   |
|    Commercial and industrial-owner occupied  |   |           | 8,068   |   |     |   | 261,436   |       |   |   | 869,039    |   |   |   | 228,191 |   |   |   | 1,366,734 |   |
|    Construction, acquisition and development |   |           | 74,109  |   |     |   | 641,789   |       |   |   | 327,897    |   |   |   | 16,880  |   |   |   | 1,060,675 |   |
|    Commercial                                |   |           | 8,182   |   |     |   | 334,875   |       |   |   | 1,259,342  |   |   |   | 162,249 |   |   |   | 1,764,648 |   |
| Credit cards                                                |   |           | -       |   |     |   | 101,955   |       |   |   | -          |   |   |   | -       |   |   |   | 101,955 |   |
| All other                                                   |   |           | 691     |   |     |   | 250,447   |       |   |   | 329,401    |   |   |   | 54,720  |   |   |   | 635,259 |   |
|      Total                         |   | $              | 112,205 |   |     | $      | 3,215,954 |       |   | $      | 4,990,486  |   |   | $      | 895,908 |   |   | $ | 9,214,553 |   |

----

----

|                                    |   | Alabama        |    |   |     |   |   |        |   |   |     |   |   | Greater |   |   |      |   |    |      |   |   |    |   |   |   |    |
|-----------------------------------------|--------|----------------|---------|--------|----------|--------|--------|-------------|--------|--------|----------|--------|--------|---------|--------|--------|-----------|--------|---------|-----------|--------|--------|---------|--------|--------|--------|---------|
| Real Estate Construction,               |   | and Florida    |    |   |     |   |   |        |   |   |     |   |   | Memphis |   |   | Northeast |   |    | Texas and |   |   |    |   |   |   |    |
| Acquisition and Development             |   | Panhandle      |    |   | Arkansas |   |   | Mississippi |   |   | Missouri |   |   | Area    |   |   | Tennessee |   |    | Louisiana |   |   | Other   |   |   | Total  |    |
|                                    |   | (In thousands) |    |   |     |   |   |        |   |
| Multi-family construction               |   | $              | -       |   |     | $      | -      |        |   | $      | 9,185    |   |   | $       | 8,667  |   |      | $      | 741     |      |   | $      | 98      |   |   | $      | 232     |   |   | $ | 193 |   |   | $ | 19,116 |   |
| One-to-four family construction         |   |           | 32,746  |   |     |   | 18,881 |        |   |   | 48,004   |   |   |    | 9,676  |   |      |   | 13,104  |      |   |   | 36,626  |   |   |   | 37,768  |   |   |   | 2,004 |   |   |   | 198,809 |   |
| Recreation and all other loans          |   |           | 1,158   |   |     |   | 10,292 |        |   |   | 33,901   |   |   |    | 597    |   |      |   | 2,977   |      |   |   | 983     |   |   |   | 15,789  |   |   |   | 669 |   |   |   | 66,366 |   |
| Commercial construction                 |   |           | 18,922  |   |     |   | 9,079  |        |   |   | 37,222   |   |   |    | 18,145 |   |      |   | 17,156  |      |   |   | 30,021  |   |   |   | 28,665  |   |   |   | 1,624 |   |   |   | 160,834 |   |
| Commercial acquisition and development  |   |           | 12,031  |   |     |   | 21,316 |        |   |   | 51,069   |   |   |    | 25,978 |   |      |   | 33,965  |      |   |   | 25,214  |   |   |   | 50,640  |   |   |   | 2,247 |   |   |   | 222,460 |   |
| Residential acquisition and development |   |           | 68,478  |   |     |   | 27,227 |        |   |   | 94,243   |   |   |    | 25,246 |   |      |   | 60,594  |      |   |   | 38,020  |   |   |   | 75,312  |   |   |   | 3,970 |   |   |   | 393,090 |   |
|      Total     |   | $              | 133,335 |   |     | $      | 86,795 |        |   | $      | 273,624  |   |   | $       | 88,309 |   |      | $      | 128,537 |      |   | $      | 130,962 |   |   | $      | 208,406 |   |   | $ | 10,707 |   |   | $ | 1,060,675 |   |

| Real Estate Construction,                             |   |           |   |   | One Year |   |    | One to     |   |   | After      |   |   |   |   |
|-------------------------------------------------------|--------|----------------|--------|--------|----------|--------|---------|------------|--------|--------|------------|--------|--------|--------|--------|
| Acquisition and Development                           |   | Past Due       |   |   | or Less  |   |    | Five Years |   |   | Five Years |   |   | Total  |   |
|                                                  |   | (In thousands) |   |
| Multi-family construction                             |   | $              | 9,174  |   |     | $      | 9,844   |       |   | $      | 98         |   |   | $      | -      |   |   | $ | 19,116 |   |
| One-to-four family construction                       |   |           | 4,242  |   |     |   | 177,685 |       |   |   | 16,009     |   |   |   | 873    |   |   |   | 198,809 |   |
| Recreation and all other loans                        |   |           | 58     |   |     |   | 22,982  |       |   |   | 42,122     |   |   |   | 1,204  |   |   |   | 66,366 |   |
| Commercial construction                               |   |           | 11,655 |   |     |   | 85,255  |       |   |   | 55,145     |   |   |   | 8,779  |   |   |   | 160,834 |   |
| Commercial acquisition and development                |   |           | 18,832 |   |     |   | 97,164  |       |   |   | 104,428    |   |   |   | 2,036  |   |   |   | 222,460 |   |
| Residential acquisition and development               |   |           | 30,148 |   |     |   | 248,859 |       |   |   | 110,095    |   |   |   | 3,988  |   |   |   | 393,090 |   |
|      Total                   |   | $              | 74,109 |   |     | $      | 641,789 |       |   | $      | 327,897    |   |   | $      | 16,880 |   |   | $ | 1,060,675 |   |
|                                                  |   |           |   |   |     |   |    |       |   |   |       |   |   |   |   |   |   |   |   |   |
| Impaired  loans                             |   | $              | 66,663 |   |     | $      | 82,622  |       |   | $      | 11,394     |   |   | $      | 374    |   |   | $ | 161,053 |   |
| Other non-accrual loans                               |   |           | 7,446  |   |     |   | 667     |       |   |   | 1,441      |   |   |   | 196    |   |   |   | 9,750 |   |
|      Total Non-accrual loans |   | $              | 74,109 |   |     | $      | 83,289  |       |   | $      | 12,835     |   |   | $      | 570    |   |   | $ | 170,803 |   |

----

|                                           |   | June 30,               |    |   | December 31, |   |
|------------------------------------------------|--------|------------------------|---------|--------|--------------|--------|
|                                           |   | 2011                   |    |   | 2010         |   |   | 2010 |   |
|                                           |   | (Dollars in thousands) |    |
| Non-accrual loans and leases                   |   | $                      | 331,076 |   |         | $      | 263,758 |   |   | $ | 347,499 |   |
| Loans 90 days or more past due, still accruing |   |                   | 3,980   |   |         |   | 17,696 |   |   |   | 8,500 |   |
| Restructured loans and leases, but accruing    |   |                   | 44,786  |   |         |   | 20,813 |   |   |   | 38,376 |   |
| Total NPLs                                     |   |                   | 379,842 |   |         |   | 302,267 |   |   |   | 394,375 |   |
|                                           |   |                   |    |   |         |   |   |   |   |   |   |   |
| Other real estate owned                        |   |                   | 151,204 |   |         |   | 67,560 |   |   |   | 133,412 |   |
| Total NPAs                                     |   | $                      | 531,046 |   |         | $      | 369,827 |   |   | $ | 527,787 |   |
|                                           |   |                   |    |   |         |   |   |   |   |   |   |   |
| NPLs to net loans and leases                   |   |                   | 4.12    | %      |         |   | 3.13 | % |   |   | 4.23 | % |
| NPAs to net loans and leases                   |   |                   | 5.76    | %      |         |   | 3.83 | % |   |   | 5.65 | % |

----

|                                                                                |   | June 30,               |    |   | December 31, |   |
|-------------------------------------------------------------------------------------|--------|------------------------|---------|--------|--------------|--------|
|                                                                                |   | 2011                   |    |   | 2010         |   |   | 2010 |   |
|                                                                                |   | (Dollars in thousands) |    |
|                                                                                |   |                   |    |   |         |   |   |   |   |
| Unpaid principal balance of impaired loans                                          |   | $                      | 374,760 |   |         | $      | 243,221 |   |   | $ | 345,377 |   |
| Cumulative charge offs on impaired loans                                            |   |                   | 71,103  |   |         |   | 54,930 |   |   |   | 71,972 |   |
| Outstanding balance of impaired loans                                               |   |                   | 303,657 |   |         |   | 188,291 |   |   |   | 273,405 |   |
|                                                                                |   |                   |    |   |         |   |   |   |   |   |   |   |
| Other non-accrual loans and leases not impaired                                     |   |                   | 27,419  |   |         |   | 75,467 |   |   |   | 74,094 |   |
|                                                                                |   |                   |    |   |         |   |   |   |   |   |   |   |
|      Total non-accrual loans and leases                    |   | $                      | 331,076 |   |         | $      | 263,758 |   |   | $ | 347,499 |   |
|                                                                                |   |                   |    |   |         |   |   |   |   |   |   |   |
| Allowance for impaired loans                                                        |   |                   | 46,810  |   |         |   | 40,721 |   |   |   | 40,719 |   |
|                                                                                |   |                   |    |   |         |   |   |   |   |   |   |   |
|      Nonaccrual loans and leases, net of specific reserves |   | $                      | 284,266 |   |         | $      | 223,037 |   |   | $ | 306,780 |   |
|                                                                                |   |                   |    |   |         |   |   |   |   |   |   |   |
| Loans and leases 90+ past due, still accruing                                       |   |                   | 3,980   |   |         |   | 17,696 |   |   |   | 8,500 |   |
| Restructured loans and leases, still accruing                                       |   |                   | 44,786  |   |         |   | 20,813 |   |   |   | 38,376 |   |
|                                                                                |   |                   |    |   |         |   |   |   |   |   |   |   |
|      Total non-performing loans and leases                 |   | $                      | 379,842 |   |         | $      | 302,267 |   |   | $ | 394,375 |   |
|                                                                                |   |                   |    |   |         |   |   |   |   |   |   |   |
| Allowance for impaired loans                                                        |   | $                      | 46,810  |   |         | $      | 40,721 |   |   | $ | 40,719 |   |
| Allowance for all other loans and leases                                            |   |                   | 150,817 |   |         |   | 160,053 |   |   |   | 156,194 |   |
|                                                                                |   |                   |    |   |         |   |   |   |   |   |   |   |
|      Total Allowance for Credit Losses                     |   | $                      | 197,627 |   |         | $      | 200,774 |   |   | $ | 196,913 |   |
|                                                                                |   |                   |    |   |         |   |   |   |   |   |   |   |
|                                                                                |   |                   |    |   |         |   |   |   |   |   |   |   |
| Outstanding balance of impaired loans                                               |   | $                      | 303,657 |   |         | $      | 188,291 |   |   | $ | 273,405 |   |
| Allowance for impaired loans                                                        |   |                   | 46,810  |   |         |   | 40,721 |   |   |   | 40,719 |   |
|                                                                                |   |                   |    |   |         |   |   |   |   |   |   |   |
|      Net book value of impaired loans                      |   | $                      | 256,847 |   |         | $      | 147,570 |   |   | $ | 232,686 |   |
|                                                                                |   |                   |    |   |         |   |   |   |   |   |   |   |
|                                                                                |   |                   |    |   |         |   |   |   |   |   |   |   |
| Net book value of impaired loans as a %                                             |   |                   |    |   |         |   |   |   |   |   |   |   |
|      of unpaid principal balance                           |   |                   | 69      | %      |         |   | 61 | % |   |   | 67 | % |
|                                                                                |   |                   |    |   |         |   |   |   |   |   |   |   |
| Coverage of other non-accrual loans and leases not impaired                         |   |                   |    |   |         |   |   |   |   |   |   |   |
|      by the allowance for all other loans and leases       |   |                   | 550     | %      |         |   | 212 | % |   |   | 211 | % |
|                                                                                |   |                   |    |   |         |   |   |   |   |   |   |   |
| Coverage of non-performing loans and leases not impaired                            |   |                   |    |   |         |   |   |   |   |   |   |   |
|      by the allowance for all other loans and leases       |   |                   | 198     | %      |         |   | 140 | % |   |   | 129 | % |

----

|                                |   |                   |      |   | 90+ Days       |   |   |         |   |   | Restructured |   |   |   |   |   | NPLs as a   |   |
|-------------------------------------|--------|------------------------|-----------|--------|----------------|--------|--------|--------------|--------|--------|--------------|--------|--------|--------|--------|--------|-------------|--------|
|                                |   |                   |      |   | Past Due still |   |   | Non-accruing |   |   | Loans, still |   |   |   |   |   | % of        |   |
|                                |   | Outstanding            |      |   | Accruing       |   |   | Loans        |   |   | accruing     |   |   | NPLs   |   |   | Outstanding |   |
|                                |   | (Dollars in thousands) |      |
| Alabama and Florida Panhandle       |   | $                      | 718,684   |   |           | $      | 221    |         |   | $      | 67,087       |   |   | $      | 5,745  |   |        | $      | 73,053 |   |   |   | 10.2 | % |
| Arkansas                            |   |                   | 1,254,916 |   |           |   | 37     |         |   |   | 13,719       |   |   |   | 9,122  |   |        |   | 22,878 |   |   |   | 1.8 |   |
| Mississippi                         |   |                   | 2,526,474 |   |           |   | 464    |         |   |   | 43,518       |   |   |   | 6,538  |   |        |   | 50,520 |   |   |   | 2.0 |   |
| Missouri                            |   |                   | 591,786   |   |           |   | 22     |         |   |   | 43,128       |   |   |   | 12,659 |   |        |   | 55,809 |   |   |   | 9.4 |   |
| Greater Memphis Area                |   |                   | 620,614   |   |           |   | 163    |         |   |   | 71,975       |   |   |   | 2,378  |   |        |   | 74,516 |   |   |   | 12.0 |   |
| Northeast Tennessee                 |   |                   | 708,724   |   |           |   | 20     |         |   |   | 31,933       |   |   |   | 3,905  |   |        |   | 35,858 |   |   |   | 5.1 |   |
| Texas and Louisiana                 |   |                   | 1,646,653 |   |           |   | 80     |         |   |   | 53,243       |   |   |   | 776    |   |        |   | 54,099 |   |   |   | 3.3 |   |
| Other                               |   |                   | 1,146,702 |   |           |   | 2,973  |         |   |   | 6,473        |   |   |   | 3,663  |   |        |   | 13,109 |   |   |   | 1.1 |   |
|      Total |   | $                      | 9,214,553 |   |           | $      | 3,980  |         |   | $      | 331,076      |   |   | $      | 44,786 |   |        | $      | 379,842 |   |   |   | 4.1 | % |

----

|                                                        |   |                   |      |   |           |   |   |         |   |   |         |   |   |   |   |   |        |   |
|-------------------------------------------------------------|--------|------------------------|-----------|--------|----------------|--------|--------|--------------|--------|--------|--------------|--------|--------|--------|--------|--------|-------------|--------|
|                                                        |   |                   |      |   | 90+ Days       |   |   |         |   |   | Restructured |   |   |   |   |   | NPLs as a   |   |
|                                                        |   |                   |      |   | Past Due still |   |   | Non-accruing |   |   | Loans, still |   |   |   |   |   | % of        |   |
| Loans and leases, net of unearned income                    |   | Outstanding            |      |   | Accruing       |   |   | Loans        |   |   | accruing     |   |   | NPLs   |   |   | Outstanding |   |
|                                                        |   | (Dollars in thousands) |      |
| Commercial and industrial                                   |   | $                      | 1,526,686 |   |           | $      | 118    |         |   | $      | 9,337        |   |   | $      | 500    |   |        | $      | 9,955 |   |   |   | 0.7 | % |
| Real estate                                                 |   |                   |      |   |           |   |   |         |   |   |         |   |   |   |   |   |        |   |   |   |   |   |   |   |
|    Consumer mortgages                        |   |                   | 1,971,499 |   |           |   | 2,482  |         |   |   | 34,174       |   |   |   | 2,041  |   |        |   | 38,697 |   |   |   | 2.0 |   |
|    Home equity                               |   |                   | 531,787   |   |           |   | 242    |         |   |   | 1,232        |   |   |   | -      |   |        |   | 1,474 |   |   |   | 0.3 |   |
|    Agricultural                              |   |                   | 255,310   |   |           |   | -      |         |   |   | 8,526        |   |   |   | 760    |   |        |   | 9,286 |   |   |   | 3.6 |   |
|    Commercial and industrial-owner occupied  |   |                   | 1,366,734 |   |           |   | -      |         |   |   | 26,387       |   |   |   | 5,938  |   |        |   | 32,325 |   |   |   | 2.4 |   |
|    Construction, acquisition and development |   |                   | 1,060,675 |   |           |   | 432    |         |   |   | 200,434      |   |   |   | 5,410  |   |        |   | 206,276 |   |   |   | 19.4 |   |
|    Commercial                                |   |                   | 1,764,648 |   |           |   | 19     |         |   |   | 48,571       |   |   |   | 17,452 |   |        |   | 66,042 |   |   |   | 3.7 |   |
| Credit cards                                                |   |                   | 101,955   |   |           |   | 299    |         |   |   | 546          |   |   |   | 2,758  |   |        |   | 3,603 |   |   |   | 3.5 |   |
| All other                                                   |   |                   | 635,259   |   |           |   | 388    |         |   |   | 1,869        |   |   |   | 9,927  |   |        |   | 12,184 |   |   |   | 1.9 |   |
|      Total                         |   | $                      | 9,214,553 |   |           | $      | 3,980  |         |   | $      | 331,076      |   |   | $      | 44,786 |   |        | $      | 379,842 |   |   |   | 4.1 | % |

|                                    |   |                   |      |   | 90+ Days       |   |   |         |   |   | Restructured |   |   |   |   |   | NPLs as a   |
|-----------------------------------------|--------|------------------------|-----------|--------|----------------|--------|--------|--------------|--------|--------|--------------|--------|--------|--------|--------|--------|-------------|
| Real Estate Construction,               |   |                   |      |   | Past Due still |   |   | Non-accruing |   |   | Loans, still |   |   |   |   |   | % of        |
| Acquisition and Development             |   | Outstanding            |      |   | Accruing       |   |   | Loans        |   |   | accruing     |   |   | NPLs   |   |   | Outstanding |
|                                    |   | (Dollars in thousands) |
| Multi-family construction               |   | $                      | 19,116    |   |           | $      | -      |         |   | $      | 9,174        |   |   | $      | -      |   |        | $ | 9,174 |   |   |   | 48.0 | % |
| One-to-four family construction         |   |                   | 198,809   |   |           |   | -      |         |   |   | 24,537       |   |   |   | 1,697  |   |        |   | 26,234 |   |   |   | 13.2 |   |
| Recreation and all other loans          |   |                   | 66,366    |   |           |   | 2      |         |   |   | 774          |   |   |   | 24     |   |        |   | 800 |   |   |   | 1.2 |   |
| Commercial construction                 |   |                   | 160,834   |   |           |   | -      |         |   |   | 16,618       |   |   |   | -      |   |        |   | 16,618 |   |   |   | 10.3 |   |
| Commercial acquisition and development  |   |                   | 222,460   |   |           |   | -      |         |   |   | 37,207       |   |   |   | 1,415  |   |        |   | 38,622 |   |   |   | 17.4 |   |
| Residential acquisition and development |   |                   | 393,090   |   |           |   | 430    |         |   |   | 112,124      |   |   |   | 2,274  |   |        |   | 114,828 |   |   |   | 29.2 |   |
|      Total     |   | $                      | 1,060,675 |   |           | $      | 432    |         |   | $      | 200,434      |   |   | $      | 5,410  |   |        | $ | 206,276 |   |   |   | 19.4 | % |

----

|                                                                                         |   | Amortized Cost         |      |   | Estimated Fair Value |   |
|----------------------------------------------------------------------------------------------|--------|------------------------|-----------|--------|----------------------|--------|
|                                                                                         |   | Amount                 |      |   | %                    |   |   | Amount |   |   | % |   |
| Available-for-sale Securities:                                                               |   | (Dollars in thousands) |      |
| Aaa                                                                                          |   | $                      | 2,050,991 |   |                 |   | 81.8 | % |   | $ | 2,090,868 |   |   |   | 81.7 | % |
| Aa1 to Aa3                                                                                   |   |                   | 185,245   |   |                 |   | 7.4 | % |   |   | 191,727 |   |   |   | 7.4 | % |
| A1 to A3                                                                                     |   |                   | 17,025    |   |                 |   | 0.7 | % |   |   | 17,403 |   |   |   | 0.7 | % |
| Baa1                                                                                         |   |                   | 6,678     |   |                 |   | 0.3 | % |   |   | 6,777 |   |   |   | 0.3 | % |
| Ba1 to Ba3                                                                                   |   |                   | 496       |   |                 |   | 0.0 | % |   |   | 528 |   |   |   |   |   |
| Caa1                                                                                         |   |                   | 66        |   |                 |   | 0.0 | % |   |   | 131 |   |   |   | - |   |
| Not rated (1)                                                                                |   |                   | 246,256   |   |                 |   | 9.8 | % |   |   | 253,390 |   |   |   | 9.9 | % |
|    Total                                                                      |   | $                      | 2,506,757 |   |                 |   | 100.0 | % |   | $ | 2,560,824 |   |   |   | 100.0 | % |
|                                                                                         |   |                   |      |   |                 |   |   |   |   |   |   |   |   |   |   |   |
| (1) Not rated securities primarily consist of Mississippi and Arkansas municipal bonds. |   |

----

|                                                        |   | Alabama        |   |   |     |   |   |        |   |   |     |   |   | Greater |   |   |      |   |   |      |   |   |   |   |   |   |   |
|-------------------------------------------------------------|--------|----------------|--------|--------|----------|--------|--------|-------------|--------|--------|----------|--------|--------|---------|--------|--------|-----------|--------|--------|-----------|--------|--------|--------|--------|--------|--------|--------|
|                                                        |   | and Florida    |   |   |     |   |   |        |   |   |     |   |   | Memphis |   |   | Northeast |   |   | Texas and |   |   |   |   |   |   |   |
|                                                        |   | Panhandle      |   |   | Arkansas |   |   | Mississippi |   |   | Missouri |   |   | Area    |   |   | Tennessee |   |   | Louisiana |   |   | Other  |   |   | Total  |   |
|                                                        |   | (In thousands) |   |
| Commercial and industrial                                   |   | $              | 439    |   |     | $      | 18     |        |   | $      | -        |   |   | $       | -      |   |      | $      | 946    |      |   | $      | -      |   |   | $      | -      |   |   | $ | - |   |   | $ | 1,403 |   |
| Real estate                                                 |   |           |   |   |     |   |   |        |   |   |     |   |   |    |   |   |      |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Consumer mortgages                        |   |           | 3,985  |   |     |   | 327    |        |   |   | 3,391    |   |   |    | 762    |   |      |   | 6,078  |      |   |   | 2,642  |   |   |   | 1,120  |   |   |   | 1,649 |   |   |   | 19,954 |   |
|    Home equity                               |   |           | -      |   |     |   | 58     |        |   |   | 291      |   |   |    | -      |   |      |   | -      |      |   |   | 368    |   |   |   | -      |   |   |   | - |   |   |   | 717 |   |
|    Agricultural                              |   |           | 950    |   |     |   | 87     |        |   |   | 2,081    |   |   |    | -      |   |      |   | 1,551  |      |   |   | -      |   |   |   | -      |   |   |   | - |   |   |   | 4,669 |   |
|    Commercial and industrial-owner occupied  |   |           | 930    |   |     |   | 109    |        |   |   | 1,740    |   |   |    | 79     |   |      |   | 3,515  |      |   |   | 446    |   |   |   | 228    |   |   |   | 292 |   |   |   | 7,339 |   |
|    Construction, acquisition and development |   |           | 9,334  |   |     |   | 2,231  |        |   |   | 26,052   |   |   |    | 2,952  |   |      |   | 49,562 |      |   |   | 14,931 |   |   |   | 2,669  |   |   |   | 621 |   |   |   | 108,352 |   |
|    Commercial                                |   |           | 2,757  |   |     |   | 1,725  |        |   |   | 1,112    |   |   |    | 451    |   |      |   | 1,215  |      |   |   | 203    |   |   |   | 584    |   |   |   | - |   |   |   | 8,047 |   |
| All other                                                   |   |           | 172    |   |     |   | 44     |        |   |   | 312      |   |   |    | 195    |   |      |   | -      |      |   |   | -      |   |   |   | -      |   |   |   | - |   |   |   | 723 |   |
|      Total                         |   | $              | 18,567 |   |     | $      | 4,599  |        |   | $      | 34,979   |   |   | $       | 4,439  |   |      | $      | 62,867 |      |   | $      | 18,590 |   |   | $      | 4,601  |   |   | $ | 2,562 |   |   | $ | 151,204 |   |

|                       |   | June 30,              |   |   | December 31, |   |   |     |   |
|----------------------------|--------|-----------------------|--------|--------|--------------|--------|--------|----------|--------|
|                       |   | 2011                  |   |   | 2010         |   |   | % Change |   |
|                       |   | (Dollars in millions) |   |   |         |   |
| Noninterest bearing demand |   | $                     | 2,097  |   |         | $      | 2,060  |     |   |   | 1.8 | % |
| Interest bearing demand    |   |                  | 4,939  |   |         |   | 4,932  |     |   |   | 0.1 |   |
| Savings                    |   |                  | 945    |   |         |   | 863    |     |   |   | 9.5 |   |
| Other time                 |   |                  | 3,327  |   |         |   | 3,635  |     |   |   | (8.5 | ) |
| Total deposits             |   | $                     | 11,308 |   |         | $      | 11,490 |     |   |   | (1.6 | )% |

----

----

|                                                          |   | June 30, 2011          |      |   | December 31, 2010 |   |
|---------------------------------------------------------------|--------|------------------------|-----------|--------|-------------------|--------|
|                                                          |   | Amount                 |      |   | Ratio             |   |   | Amount |   |   | Ratio |   |
|                                                          |   | (Dollars in thousands) |      |
| BancorpSouth, Inc.                                            |   |                   |      |   |              |   |   |   |   |   |   |   |
|    Tier I capital (to risk-weighted assets)    |   | $                      | 1,075,337 |   |              |   | 10.82 | % |   | $ | 1,070,744 |   |   |   | 10.61 | % |
|    Total capital (to risk-weighted assets)     |   |                   | 1,200,629 |   |              |   | 12.08 |   |   |   | 1,197,626 |   |   |   | 11.87 |   |
|    Tier I leverage capital (to average assets) |   |                   | 1,075,337 |   |              |   | 8.22 |   |   |   | 1,070,744 |   |   |   | 8.07 |   |

|                                                          |   | June 30, 2011          |      |   | December 31, 2010 |   |
|---------------------------------------------------------------|--------|------------------------|-----------|--------|-------------------|--------|
|                                                          |   | Amount                 |      |   | Ratio             |   |   | Amount |   |   | Ratio |   |
|                                                          |   | (Dollars in thousands) |      |
| BancorpSouth Bank                                             |   |                   |      |   |              |   |   |   |   |   |   |   |
|    Tier I capital (to risk-weighted assets)    |   | $                      | 1,046,607 |   |              |   | 10.54 | % |   | $ | 1,040,714 |   |   |   | 10.32 | % |
|    Total capital (to risk-weighted assets)     |   |                   | 1,171,899 |   |              |   | 11.81 |   |   |   | 1,167,596 |   |   |   | 11.58 |   |
|    Tier I leverage capital (to average assets) |   |                   | 1,046,607 |   |              |   | 8.03 |   |   |   | 1,040,714 |   |   |   | 7.87 |   |

----

|   | ITEM 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK. |
|--------|--------------------------------------------------------------------------------|

----

| ·   | The creation of a real estate risk management group which oversees compliance with laws, regulations and U.S. GAAP related to lending activities; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Testing of significant loans, with a focus on higher risk loans, for impairment on a monthly basis; |
|--------------------|-----------------------------------------------------------------------------------------------------|

| ·   | Reporting by management to the Board of Directors on a quarterly basis regarding significant problem loans and potentially problematic portfolios; |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Additional resources committed to the Bank’s appraisal group, as necessary, for compliance with appraisal policies and procedures; |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Additional personnel committed to the Company’s independent loan review function; |
|--------------------|-----------------------------------------------------------------------------------------|

| ·   | New leadership for the independent loan review function; and |
|--------------------|--------------------------------------------------------------|

| ·   | Migration to a risk-based approach for timing of loan review. |
|--------------------|---------------------------------------------------------------|

| (3) | (a) | Restated Articles of Incorporation, as amended. (1) |
|-----|-----|-----------------------------------------------------|

|   | (b)   Bylaws, as amended and restated. (2) |
|--------|-----------------------------------------------------------|

|   | (c)   Amendment No. 1 to Amended and Restated Bylaws. (3) |
|--------|--------------------------------------------------------------------------|

|   | (d)   Amendment No. 2 to Amended and Restated Bylaws. (4) |
|--------|--------------------------------------------------------------------------|

|   | (e)   Amendment No. 3 to Amended and Restated Bylaws. (4) |
|--------|--------------------------------------------------------------------------|

| (4) | (a) | Specimen Common Stock Certificate. (5) |
|-----|-----|----------------------------------------|

----

|   | (b) | Amended and Restated Certificate of Trust of BancorpSouth Capital Trust I. (6) |
|--------|-----|--------------------------------------------------------------------------------|

|   | (c) | Second Amended and Restated Trust Agreement of BancorpSouth Capital Trust I, dated as of January 28, 2002, between BancorpSouth, Inc., The Bank of New York, The Bank of New York (Delaware) and the Administrative Trustees named therein. (7) |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | Junior Subordinated Indenture, dated as of January 28, 2002, between BancorpSouth, Inc. and The Bank of New York. (7) |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------|

|   | (e) | Guarantee Agreement, dated as of January 28, 2002, between BancorpSouth, Inc. and The Bank of New York. (7) |
|--------|-----|-------------------------------------------------------------------------------------------------------------|

|   | (f)    Junior Subordinated Debt Security Specimen. (7) |
|--------|----------------------------------------------------------------------------|

|   | (g)   Trust Preferred Security Certificate for BancorpSouth Capital Trust I. (7) |
|--------|-------------------------------------------------------------------------------------------------|

|   | (h) | Certain instruments defining the rights of certain holders of long-term debt securities of the Registrant are omitted pursuant to Item 601(b)(4)(iii)(A) of Regulation S-K. The Registrant hereby agrees to furnish copies of these instruments to the SEC upon request. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (10.1) | Amendment to BancorpSouth, Inc. Long-Term Equity Incentive Plan. (8) |
|--------|----------------------------------------------------------------------|

| (31.1) | Certification of the Chief Executive Officer of BancorpSouth, Inc. pursuant to Rule 13a-14 or 15d-14 of the Securities Exchange Act of 1934, as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.* |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (31.2) | Certification of the Chief Financial Officer of BancorpSouth, Inc. pursuant to Rule 13a-14 or 15d-14 of the Securities Exchange Act of 1934, as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.* |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (32.1) | Certification of the Chief Executive Officer of BancorpSouth, Inc. pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.* |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (32.2) | Certification of the Chief Financial Officer of BancorpSouth, Inc. pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.* |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (101)** | Pursuant to Rule 405 of Regulation S-T, the following financial information from the Company’s Quarterly Report on Form 10-Q for the period ended September 30, 2010, is formatted in XBRL (Extensible Business Reporting Language) interactive data files: (i) the Consolidated Balance Sheets as of September 30, 2010 and 2009, and December 31, 2009, (ii) the Consolidated Statements of Income for each of the three-month and nine-month periods ended September 30, 2010 and 2009, (iii) the Consolidated Statements of Cash Flows for each of the nine-month periods ended September 30, 2010 and 2009, and (iv) the Notes to Consolidated Financial Statements, tagged as blocks of text.* |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (1) | Filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the three months ended June 30, 2009 (file number 1-12991) and incorporated by reference thereto. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Filed as an exhibit to the Company’s Annual Report on Form 10-K for the year ended December 31, 1998 (file number 1-12991) and incorporated by reference thereto. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | Filed as an exhibit to the Company’s Annual Report on Form 10-K for the year ended December 31, 2000 (file number 1-12991) and incorporated by reference thereto. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | Filed as exhibits 3.1 and 3.2 to the Company’s Current Report on Form 8-K filed on January 26, 2007 (file number 1-12991) and incorporated by reference thereto. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (5) | Filed as an exhibit to the Company’s Annual Report on Form 10-K for the year ended December 31, 1994 (file number 0-10826) and incorporated by reference thereto. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (6) | Filed as exhibit 4.12 to the Company’s registration statement on Form S-3 filed on November 2, 2001 (Registration No. 33-72712) and incorporated by reference thereto. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (7) | Filed as an exhibit to the Company’s Current Report on Form 8-K filed on January 28, 2002 (file number 1-12991) and incorporated by reference thereto. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  (8) | Filed as an exhibit to the Company’s Current Report on Form 8-K filed on April 8, 2011 (file number 1-12991) and incorporated by reference thereto. |
|-----------|-----------------------------------------------------------------------------------------------------------------------------------------------------------|

| ** | As provided in Rule 406T of Regulation S-T, this information is furnished and not filed for purposes of Sections 11 and 12 of the Securities Act of 1933 and Section 18 of the Securities Exchange Act of 1934. |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

| Exhibit No. |   | Description |
|-------------|--------|-------------|

| (3) | (a) | Restated Articles of Incorporation, as amended. (1) |
|-----|-----|-----------------------------------------------------|

|   | (b)   Bylaws, as amended and restated. (2) |
|--------|-----------------------------------------------------------|

|   | (c)   Amendment No. 1 to Amended and Restated Bylaws. (3) |
|--------|--------------------------------------------------------------------------|

|   | (d)   Amendment No. 2 to Amended and Restated Bylaws. (4) |
|--------|--------------------------------------------------------------------------|

|   | (e)   Amendment No. 3 to Amended and Restated Bylaws. (4) |
|--------|--------------------------------------------------------------------------|

| (4) | (a) | Specimen Common Stock Certificate. (5) |
|-----|-----|----------------------------------------|

|   | (b) | Amended and Restated Certificate of Trust of BancorpSouth Capital Trust I. (6) |
|--------|-----|--------------------------------------------------------------------------------|

|   | (c) | Second Amended and Restated Trust Agreement of BancorpSouth Capital Trust I, dated as of January 28, 2002, between BancorpSouth, Inc., The Bank of New York, The Bank of New York (Delaware) and the Administrative Trustees named therein. (7) |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | Junior Subordinated Indenture, dated as of January 28, 2002, between BancorpSouth, Inc. and The Bank of New York. (7) |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------|

|   | (e) | Guarantee Agreement, dated as of January 28, 2002, between BancorpSouth, Inc. and The Bank of New York. (7) |
|--------|-----|-------------------------------------------------------------------------------------------------------------|

|   | (f)   Junior Subordinated Debt Security Specimen. (7) |
|--------|----------------------------------------------------------------------|

|   | (g)   Trust Preferred Security Certificate for BancorpSouth Capital Trust I. (7) |
|--------|--------------------------------------------------------------------------------------------|

|   | (h) | Certain instruments defining the rights of certain holders of long-term debt securities of the Registrant are omitted pursuant to Item 601(b)(4)(iii)(A) of Regulation S-K. The Registrant hereby agrees to furnish copies of these instruments to the SEC upon request. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  (10.1) | Amendment to BancorpSouth, Inc. Long-Term Equity Incentive Plan. (8) |
|--------------|----------------------------------------------------------------------|

| (31.1) | Certification of the Chief Executive Officer of BancorpSouth, Inc. pursuant to Rule 13a-14 or 15d- 14 of the Securities Exchange Act of 1934, as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.* |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (31.2) | Certification of the Chief Financial Officer of BancorpSouth, Inc. pursuant to Rule 13a-14 or 15d-14 of the Securities Exchange Act of 1934, as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.* |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (32.1) | Certification of the Chief Executive Officer of BancorpSouth, Inc. pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.* |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (32.2) | Certification of the Chief Financial Officer of BancorpSouth, Inc. pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.* |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (101)** | Pursuant to Rule 405 of Regulation S-T, the following financial information from the Company’s Quarterly Report on Form 10-Q for the period ended September 30, 2010, is formatted in XBRL (Extensible Business Reporting Language) interactive data files: (i) the Consolidated Balance Sheets as of September 30, 2010 and 2009, and December 31, 2009, (ii) the Consolidated Statements of Income for each of the three-month and nine-month periods ended September 30, 2010 and 2009, (iii) the Consolidated Statements of Cash Flows for each of the nine-month periods ended September 30, 2010 and 2009, and (iv) the Notes to Consolidated Financial Statements, tagged as blocks of text.* |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (1) | Filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the three months ended June 30, 2009 (file number 1-12991) and incorporated by reference thereto. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Filed as an exhibit to the Company’s Annual Report on Form 10-K for the year ended December 31, 1998 (file number 1-12991) and incorporated by reference thereto. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | Filed as an exhibit to the Company’s Annual Report on Form 10-K for the year ended December 31, 2000 (file number 1-12991) and incorporated by reference thereto. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | Filed as exhibits 3.1 and 3.2 to the Company’s Current Report on Form 8-K filed on January 26, 2007 (File number 1-12991) and incorporated by reference thereto. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (5) | Filed as an exhibit to the Company’s Annual Report on Form 10-K for the year ended December 31, 1994 (file number 0-10826) and incorporated by reference thereto. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (6) | Filed as exhibit 4.12 to the Company’s registration statement on Form S-3 filed on November 2, 2001 (Registration No. 33-72712) and incorporated by reference thereto. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (7) | Filed as an exhibit to the Company’s Current Report on Form 8-K filed on January 28, 2002 (file number 1-12991) and incorporated by reference thereto. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  (8) | Filed as an exhibit to the Company’s Current Report on Form 8-K filed on April 8, 2011 (file number 1-12991) and incorporated by reference thereto. |
|-----------|-----------------------------------------------------------------------------------------------------------------------------------------------------------|

| ** | As provided in Rule 406T of Regulation S-T, this information is furnished and not filed for purposes of Sections 11 and 12 of the Securities Act of 1933 and Section 18 of the Securities Exchange Act of 1934. |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----