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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Interest income:      
Loans secured by real estate $ 189,149 $ 200,034 $ 202,591
Other loans 104 97 123
Mortgage-backed securities 3,025 5,043 7,820
Investment securities 1,263 1,401 1,277
Federal funds sold and other short-term investments 2,413 2,641 2,983
Total interest income 195,954 209,216 214,794
Interest expense:      
Deposits and escrow 21,779 26,131 29,991
Borrowed funds 64,333 43,583 49,422
Total interest expense 86,112 69,714 79,413
Net interest income 109,842 139,502 135,381
Provision for loan losses 3,921 6,846 11,209
Net interest income after provision for loan losses 105,921 132,656 124,172
Non-interest income:      
Total other than temporary impairment (OTTI) losses (187) (752) (2,757)
Less: Non-credit portion of OTTI recorded in other comprehensive income (before taxes) 6 25 282
Net OTTI recognized in earnings (181) (727) (2,475)
Service charges and other fees 3,445 3,662 3,913
Mortgage banking income 1,768 569 1,069
Net gain on securities (1) 1,135 [1] 2 [1] 926 [1]
Net gain on the the disposal of other assets 13,726 0 (10)
Income from Bank Owned Life Insurance ("BOLI") 1,689 1,758 1,941
Other 2,267 2,665 2,691
Total non-interest income 23,849 7,929 8,055
Non-interest expense:      
Salaries and employee benefits 33,805 32,854 31,329
Stock benefit plan compensation expense 3,842 3,746 3,895
Occupancy and equipment 10,052 10,129 9,372
Data processing costs 3,026 2,982 3,048
Advertising and marketing 1,554 1,710 2,271
Federal deposit insurance premiums 2,057 2,618 4,096
Provision for losses on OREO 0 0 422
Other 8,236 7,649 7,544
Total non-interest expense 62,572 61,688 61,977
Income before income taxes 67,198 78,897 70,250
Income tax expense 26,890 31,588 28,861
Net income 40,308 47,309 41,389
Earnings per Share:      
Basic (in dollars per share) $ 1.18 $ 1.4 $ 1.24
Diluted (in dollars per share) $ 1.17 $ 1.40 $ 1.24
STATEMENTS OF COMPREHENSIVE INCOME      
Net income 40,308 47,309 41,389
Change in pension and other postretirement obligations, net of deferred (taxes) benefit of $(1,395), $2,933 and $1,273 during the years ended December 31, 2012, 2011 and 2010, respectively 1,696 (3,564) (1,547)
Amortization and reversal of net unrealized loss on securities transferred from available-for-sale to held-to-maturity, net of tax of $(91), $(201) and $(83) during the years ended December 31, 2012, 2011 and 2010, respectively 111 245 101
Non-credit component of OTTI charge recognized during the period, net of tax benefits of $3, $11 and $127 during the years ended December 31, 2012, 2011 and 2010, respectively (3) (14) (156)
Reduction in non-credit component of OTTI, net of taxes of $(137), $(585) and $(1,130) during the years ended December 31, 2012, 2011 and 2010, respectively 165 714 1,374
Reclassification adjustment for securities sold during the period, net of benefit (taxes) of $461, $14 and $384 during the years ended December 31, 2012, 2011 and 2010, respectively (561) (18) (467)
Net unrealized securities (loss) gain arising during the period, net of benefit (taxes) of $615, $474 and $(4,604) during the years ended December 31, 2011, 2010 and 2009, respectively (1,339) (720) (575)
Comprehensive Income $ 40,377 $ 43,952 $ 40,119
[1] 1) Amount includes periodic valuation gains or losses on trading securities.