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Letter to Shareholders

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Condensed Consolidated Statement of Income
For the year ended December 31,

In thousands, except per share data 2000 1999 1998



Interest income $ 646,288 $ 470,446 $ 423,949
Interest expense 239,772 148,441 130,278
Net Interest income 406,516 322,005 293,671
Provision for credit losses 21,500 --- ---
Net interest income after provision
for credit losses 385,016 322,005 293,671
Noninterest income 109,484 87,212 67,684
Noninterest expense 294,770 241,803 211,331
Income before taxes 199,730 167,414 150,024
Income taxes 68,070 59,307 53,796
Net Income $ 131,660 $ 108,107 $ 96,228
Net income per share, basic $ 2.79 $ 2.37 $ 2.08
Net income per share, diluted $ 2.72 $ 2.30 $ 2.00
Shares used to compute net income
per share, basic 47,178 45,683 46,357
Shares used to compute net income
per share, diluted 48,393 46,938 48,141
Dividends per share $ 0.70 $ 0.66 $ 0.56
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