Synovus Financial Corp. yesterday reported net income of $12.1 million for the second quarter ended June 30, down 92.6% from $162.8 million during the same period last year. Net charge-offs for the quarter were $70.7 million, or 1.04% of total average loans compared with $16 million, or 0.25%, for the second quarter of 2007. "Credit obviously was the story for the quarter," CEO Richard E. Anthony said during a conference call. "We would anticipate for the remainder of the year our charge-offs remaining in that 1% range." The Columbus, Ga.-based financial services holding company's provision expense for the quarter was $93.6 million, compared with $20.3 million in the second quarter last year.