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Shareholders' Equity and Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2013
Shareholders' Equity and Earnings Per Share Disclosure [Abstract]  
Aggregate Fair Values Assigned To Each Component Of Tangible Equity Units Offering
The aggregate fair values assigned to each component of the TEU offering at the issuance date were as follows:
 
(Dollars in thousands, except per unit amounts)
Equity
Component
 
Debt
Component
 
TEU Total
Units issued (1)
4,600

 
4,600

 
4,600

Unit price
$
40.271818

 
$
9.728182

 
$
50.00

Gross proceeds
185,250

 
44,750

 
230,000

Issuance costs, including discount
5,934

 
1,419

 
7,353

Net proceeds
$
179,316

 
$
43,331

 
$
222,647

Balance sheet impact
 
 
 
 
 
Other borrowings

 
43,331

 
43,331

Surplus
179,316

 

 
179,316


(1)
TEUs consist of two components: one unit of the equity component and one unit of the debt component.
Market Value Of Company Common Stock And Settlement Rate
Each prepaid common stock purchase contract will automatically settle on December 15, 2013 and the Company will deliver not more than 1.6666 shares and not less than 1.3333 shares of its common stock based on the applicable market value (the average of the volume weighted average price of Company common stock for the twenty (20) consecutive trading days ending on the third trading day immediately preceding December 15, 2013) as follows:
 
Applicable market value of
Company common stock
Settlement Rate
Less than or equal to $30.00
1.6666
Greater than $30.00 but less than $37.50
$50.00, divided by the applicable market value
Greater than or equal to $37.50
1.3333
Components Of Other Comprehensive Income (Loss)
The following tables summarize the components of other comprehensive (loss) income, including the related income tax effects, and the related amount reclassified to net income for the periods presented (in thousands).
 
 
Accumulated
Unrealized
Gains (Losses) on
Securities
 
Accumulated
Unrealized
Losses on
Derivative
Instruments
 
Accumulated
Foreign
Currency
Translation
Adjustments
 
Total
Accumulated
Other
Comprehensive
Income (Loss)
Balance at July 1, 2013
$
(41,213
)
 
$
(3,100
)
 
$
(4,891
)
 
$
(49,204
)
Other comprehensive income (loss) during the period, net of tax, before reclassifications
(1,460
)
 
(518
)
 
3,905

 
1,927

Amount reclassified from accumulated other comprehensive income (loss), net of tax
(45
)
 
908

 

 
863

Net other comprehensive income (loss) during the period, net of tax
$
(1,505
)
 
$
390

 
$
3,905

 
$
2,790

Balance at September 30, 2013
$
(42,718
)
 
$
(2,710
)
 
$
(986
)
 
$
(46,414
)
 
 
 
 
 
 
 
 
Balance at January 1, 2013
$
6,710

 
$
(5,292
)
 
$
6,293

 
$
7,711

Other comprehensive income (loss) during the period, net of tax, before reclassifications
(49,231
)
 
(206
)
 
(7,279
)
 
(56,716
)
Amount reclassified from accumulated other comprehensive income (loss), net of tax
(197
)
 
2,788

 

 
2,591

Net other comprehensive income (loss) during the period, net of tax
$
(49,428
)
 
$
2,582

 
$
(7,279
)
 
$
(54,125
)
Balance at September 30, 2013
$
(42,718
)
 
$
(2,710
)
 
$
(986
)
 
$
(46,414
)
 
 
 
 
 
 
 
 
Balance at July 1, 2012
$
5,907

 
$
(6,037
)
 
$
2,101

 
$
1,971

Other comprehensive income (loss) during the period, net of tax, before reclassifications
2,358

 
(1,055
)
 
5,897

 
7,200

Amount reclassified from accumulated other comprehensive income (loss), net of tax
(247
)
 
881

 

 
634

Net other comprehensive income (loss) during the period, net of tax
$
2,111

 
$
(174
)
 
$
5,897

 
$
7,834

Balance at September 30, 2012
$
8,018

 
$
(6,211
)
 
$
7,998

 
$
9,805

 
 
 
 
 
 
 
 
Balance at January 1, 2012
$
4,204

 
$
(7,082
)
 
$

 
$
(2,878
)
Other comprehensive income (loss) during the period, net of tax, before reclassifications
5,214

 
(1,718
)
 
7,998

 
11,494

Amount reclassified from accumulated other comprehensive income (loss), net of tax
(1,400
)
 
2,589

 

 
1,189

Net other comprehensive income (loss) during the period, net of tax
$
3,814

 
$
871

 
$
7,998

 
$
12,683

Balance at September 30, 2012
$
8,018

 
$
(6,211
)
 
$
7,998

 
$
9,805

Other Comprehensive Income Reclassified from AOCI [Table Text Block]
 
Amount Reclassified from Accumulated Other Comprehensive Income for the
 
Details Regarding the Component of
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
Impacted Line on the
Accumulated Other Comprehensive Income
2013
 
2012
 
2013
 
2012
Consolidated Statements of Income
Accumulated unrealized losses on securities
 
 
 
 
 
 
 
 
Gains included in net income
$
75

 
$
409

 
$
328

 
$
2,334

Gains on available-for-sale securities, net
 
75

 
409

 
328

 
2,334

Income before taxes
Tax effect
$
(30
)
 
$
(162
)
 
$
(131
)
 
$
(934
)
Income tax expense
Net of tax
$
45

 
$
247

 
$
197

 
$
1,400

Net income
 
 
 
 
 
 
 
 
 
Accumulated unrealized losses on derivative instruments
 
 
 
 
 
 
 
 
Amount reclassified to interest expense on junior subordinated debentures
$
1,507

 
$
1,471

 
$
4,629

 
$
4,324

Interest on junior subordinated debentures
 
(1,507
)
 
(1,471
)
 
(4,629
)
 
(4,324
)
Loss before taxes
Tax effect
$
599

 
$
590

 
$
1,841

 
$
1,735

Income tax benefit
Net of tax
$
(908
)
 
$
(881
)
 
$
(2,788
)
 
$
(2,589
)
Net loss
Computation Of Basic And Diluted Earnings Per Common Share
The following table shows the computation of basic and diluted earnings per share for the periods indicated:
 
 
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
(In thousands, except per share data)
 
 
2013
 
2012
 
2013
 
2012
Net income
 
 
$
35,563

 
$
32,302

 
$
101,922

 
$
81,107

Less: Preferred stock dividends and discount accretion
 
 
1,581

 
2,616

 
6,814

 
6,477

Net income applicable to common shares—Basic
(A)
 
33,982

 
29,686

 
95,108

 
74,630

Add: Dividends on convertible preferred stock, if dilutive
 
 
1,581

 
2,581

 
6,744

 
6,374

Net income applicable to common shares—Diluted
(B)
 
35,563

 
32,267

 
101,852

 
81,004

Weighted average common shares outstanding
(C)
 
39,331

 
36,381

 
37,939

 
36,305

Effect of dilutive potential common shares
 
 
 
 
 
 
 
 
 
Common stock equivalents
 
 
7,346

 
7,275

 
7,263

 
7,159

Convertible preferred stock, if dilutive
 
 
3,477

 
5,020

 
4,500

 
4,133

Total dilutive potential common shares
 
 
10,823

 
12,295

 
11,763

 
11,292

Weighted average common shares and effect of dilutive potential common shares
(D)
 
50,154

 
48,676

 
49,702

 
47,597

Net income per common share:
 
 
 
 
 
 
 
 
 
Basic
(A/C)
 
$
0.86

 
$
0.82

 
$
2.51

 
$
2.06

Diluted
(B/D)
 
$
0.71

 
$
0.66

 
$
2.05

 
$
1.70