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Shareholders' Equity and Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2014
Earnings Per Share, Basic and Diluted, Other Disclosures [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 consisted of two components: one unit of the equity component and one unit of the debt component.
Components Of Other Comprehensive Income (Loss)
The following tables summarize the components of other comprehensive income (loss), including the related income tax effects, and the related amount reclassified to net income for the periods presented (in thousands).
 
 
Accumulated
Unrealized (Losses) Gains on Securities
 
Accumulated
Unrealized
Losses on
Derivative
Instruments
 
Accumulated
Foreign
Currency
Translation
Adjustments
 
Total
Accumulated
Other
Comprehensive
Income (Loss)
Balance at April 1, 2014
$
(39,923
)
 
$
(2,521
)
 
$
(14,309
)
 
$
(56,753
)
Other comprehensive income (loss) during the period, net of tax, before reclassifications
15,717

 
(691
)
 
6,707

 
21,733

Amount reclassified from accumulated other comprehensive income, net of tax
203

 
314

 
—

 
517

Net other comprehensive income (loss) during the period, net of tax
$
15,920

 
$
(377
)
 
$
6,707

 
$
22,250

Balance at June 30, 2014
$
(24,003
)
 
$
(2,898
)
 
$
(7,602
)
 
$
(34,503
)
 
 
 
 
 
 
 
 
Balance at January 1, 2014
$
(53,665
)
 
$
(2,462
)
 
$
(6,909
)
 
$
(63,036
)
Other comprehensive income (loss) during the period, net of tax, before reclassifications
29,439

 
(1,047
)
 
(693
)
 
27,699

Amount reclassified from accumulated other comprehensive income, net of tax
223

 
611

 
—

 
834

Net other comprehensive income (loss)during the period, net of tax
$
29,662

 
$
(436
)
 
$
(693
)
 
$
28,533

Balance at June 30, 2014
$
(24,003
)
 
$
(2,898
)
 
$
(7,602
)
 
$
(34,503
)
 
 
 
 
 
 
 
 
Balance at April 1, 2013
$
1,910

 
$
(4,404
)
 
$
1,427

 
$
(1,067
)
Other comprehensive (loss) income during the period, net of tax, before reclassifications
(43,122
)
 
351

 
(6,318
)
 
(49,089
)
Amount reclassified from accumulated other comprehensive income, net of tax
(1
)
 
953

 
—

 
952

Net other comprehensive (loss) income during the period, net of tax
$
(43,123
)
 
$
1,304

 
$
(6,318
)
 
$
(48,137
)
Balance at June 30, 2013
$
(41,213
)
 
$
(3,100
)
 
$
(4,891
)
 
$
(49,204
)
 
 
 
 
 
 
 
 
Balance at January 1, 2013
$
6,710

 
$
(5,292
)
 
$
6,293

 
$
7,711

Other comprehensive (loss) income during the period, net of tax, before reclassifications
(47,771
)
 
312

 
(11,184
)
 
(58,643
)
Amount reclassified from accumulated other comprehensive income, net of tax
(152
)
 
1,880

 
—

 
1,728

Net other comprehensive (loss) income during the period, net of tax
$
(47,923
)
 
$
2,192

 
$
(11,184
)
 
$
(56,915
)
Balance at June 30, 2013
$
(41,213
)
 
$
(3,100
)
 
$
(4,891
)
 
$
(49,204
)
Other Comprehensive Income Reclassified from AOCI
 
Amount Reclassified from Accumulated Other Comprehensive Income for the
 
Details Regarding the Component of
Three months ended
 
Six months ended
Impacted Line on the Consolidated Statements of Income
Accumulated Other Comprehensive Income
June 30, 2014
 
June 30, 2013
 
June 30, 2014
 
June 30, 2013
Accumulated unrealized losses on securities
 
 
 
 
 
 
 
 
Gains included in net income
$
(336
)
 
$
2

 
$
(369
)
 
$
253

(Losses) gains on available-for-sale securities, net
 
(336
)
 
2

 
(369
)
 
253

Income before taxes
Tax effect
$
133

 
$
(1
)
 
$
146

 
$
(101
)
Income tax expense
Net of tax
$
(203
)
 
$
1

 
$
(223
)
 
$
152

Net income
 
 
 
 
 
 
 
 
 
Accumulated unrealized losses on derivative instruments
 
 
 
 
 
 
 
 
Amount reclassified to interest expense on junior subordinated debentures
$
521

 
$
1,583

 
$
1,014

 
$
3,122

Interest on junior subordinated debentures
 
(521
)
 
(1,583
)
 
(1,014
)
 
(3,122
)
Income before taxes
Tax effect
$
207

 
$
630

 
$
403

 
$
1,242

Income tax expense
Net of tax
$
(314
)
 
$
(953
)
 
$
(611
)
 
$
(1,880
)
Net income
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
 
Six months ended
(In thousands, except per share data)
 
 
June 30, 2014
 
June 30, 2013
 
June 30, 2014
 
June 30,
2013
Net income
 
 
$
38,541

 
$
34,307

 
$
73,041

 
$
66,359

Less: Preferred stock dividends and discount accretion
 
 
1,581

 
2,617

 
3,162

 
5,233

Net income applicable to common shares—Basic
(A)
 
36,960

 
31,690

 
69,879

 
61,126

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

 
2,581

 
3,162

 
5,162

Net income applicable to common shares—Diluted
(B)
 
38,541

 
34,271

 
73,041

 
66,288

Weighted average common shares outstanding
(C)
 
46,520

 
37,486

 
46,358

 
37,231

Effect of dilutive potential common shares
 
 
 
 
 
 
 
 
 
Common stock equivalents
 
 
1,327

 
7,334

 
1,381

 
7,343

Convertible preferred stock, if dilutive
 
 
3,075

 
5,020

 
3,075

 
5,020

Total dilutive potential common shares
 
 
4,402

 
12,354

 
4,456

 
12,363

Weighted average common shares and effect of dilutive potential common shares
(D)
 
50,922

 
49,840

 
50,814

 
49,594

Net income per common share:
 
 
 
 
 
 
 
 
 
Basic
(A/C)
 
$
0.79

 
$
0.85

 
$
1.51

 
$
1.64

Diluted
(B/D)
 
$
0.76

 
$
0.69

 
$
1.44

 
$
1.34