XML 47 R37.htm IDEA: XBRL DOCUMENT v3.7.0.1
Shareholders' Equity and Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2017
Earnings Per Share, Basic and Diluted, Other Disclosures [Abstract]  
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
Gains (Losses)
on Securities
 
Accumulated
Unrealized
Losses on
Derivative
Instruments
 
Accumulated
Foreign
Currency
Translation
Adjustments
 
Total
Accumulated
Other
Comprehensive
Loss
Balance at April 1, 2017
$
(25,663
)
 
$
5,146

 
$
(39,307
)
 
$
(59,824
)
Other comprehensive income (loss) during the period, net of tax, before reclassifications
10,683

 
(600
)
 
2,833

 
12,916

Amount reclassified from accumulated other comprehensive income (loss) into net income, net of tax
(29
)
 
413

 
—

 
384

Amount reclassified from accumulated other comprehensive income related to amortization of unrealized losses on investment securities transferred to held-to-maturity from available-for-sale, net of tax
(13
)
 
—

 
—

 
(13
)
Net other comprehensive income (loss) during the period, net of tax
$
10,641

 
$
(187
)
 
$
2,833

 
$
13,287

Balance at June 30, 2017
$
(15,022
)
 
$
4,959

 
$
(36,474
)
 
$
(46,537
)
 
 
 
 
 
 
 
 
Balance at January 1, 2017
$
(29,309
)
 
$
4,165

 
$
(40,184
)
 
$
(65,328
)
Other comprehensive income during the period, net of tax, before reclassifications
15,162

 
165

 
3,710

 
19,037

Amount reclassified from accumulated other comprehensive income into net income, net of tax
5

 
629

 
—

 
634

Amount reclassified from accumulated other comprehensive income related to amortization of unrealized losses on investment securities transferred to held-to-maturity from available-for-sale, net of tax
$
(880
)
 
$
—

 
$
—

 
$
(880
)
Net other comprehensive income during the period, net of tax
$
14,287

 
$
794

 
$
3,710

 
$
18,791

Balance at June 30, 2017
$
(15,022
)
 
$
4,959

 
$
(36,474
)
 
$
(46,537
)
 
 
 
 
 
 
 
 
Balance at April 1, 2016
$
(1,204
)
 
$
(1,903
)
 
$
(36,803
)
 
$
(39,910
)
Other comprehensive income (loss) during the period, net of tax, before reclassifications
3,724

 
(822
)
 
612

 
3,514

Amount reclassified from accumulated other comprehensive income (loss) into net income, net of tax
(875
)
 
505

 
—

 
(370
)
Amount reclassified from accumulated other comprehensive income related to amortization of unrealized losses on investment securities transferred to held-to-maturity from available-for-sale, net of tax
2,326

 
—

 
—

 
2,326

Net other comprehensive income (loss) during the period, net of tax
$
5,175

 
$
(317
)
 
$
612

 
$
5,470

Balance at June 30, 2016
$
3,971

 
$
(2,220
)
 
$
(36,191
)
 
$
(34,440
)
 
 
 
 
 
 
 
 
Balance at January 1, 2016
$
(17,674
)
 
$
(2,193
)
 
$
(42,841
)
 
$
(62,708
)
Other comprehensive income (loss) during the period, net of tax, before reclassifications
18,912

 
(971
)
 
6,650

 
24,591

Amount reclassified from accumulated other comprehensive income (loss) into net income, net of tax
(1,679
)
 
944

 
—

 
(735
)
Amount reclassified from accumulated other comprehensive income related to amortization of unrealized losses on investment securities transferred to held-to-maturity from available-for-sale, net of tax
4,412

 
—

 
—

 
4,412

Net other comprehensive income (loss) during the period, net of tax
$
21,645

 
$
(27
)
 
$
6,650

 
$
28,268

Balance at June 30, 2016
$
3,971

 
$
(2,220
)
 
$
(36,191
)
 
$
(34,440
)
Other Comprehensive Income Reclassified from AOCI
 
 
Amount Reclassified from Accumulated Other Comprehensive Income for the
 
 
Details Regarding the Component of Accumulated Other Comprehensive Income
 
Three Months Ended
 
Six Months Ended
 
Impacted Line on the Consolidated Statements of Income
 
June 30,
 
June 30,
 
 
2017
 
2016
 
2017
 
2016
 
Accumulated unrealized losses on securities
 
 
 
 
 
 
 
 
 
 
Gains (losses) included in net income
 
$
47

 
$
1,440

 
$
(8
)
 
$
2,765

 
Gains (losses) on investment securities, net
 
 
47

 
1,440

 
(8
)
 
2,765

 
Income before taxes
Tax effect
 
$
(18
)
 
$
(565
)
 
$
3

 
$
(1,086
)
 
Income tax expense
Net of tax
 
$
29

 
$
875

 
$
(5
)
 
$
1,679

 
Net income
 
 
 
 
 
 
 
 
 
 
 
Accumulated unrealized losses on derivative instruments
 
 
 
 
 
 
 
 
 
 
Amount reclassified to interest expense on deposits
 
$
323

 
$
338

 
$
365

 
$
593

 
Interest on deposits
Amount reclassified to interest expense on junior subordinated debentures
 
358

 
494

 
$
672

 
$
962

 
Interest on junior subordinated debentures
 
 
(681
)
 
(832
)
 
(1,037
)
 
(1,555
)
 
Income before taxes
Tax effect
 
$
268

 
$
327

 
$
408

 
$
611

 
Income tax expense
Net of tax
 
$
(413
)
 
$
(505
)
 
$
(629
)
 
$
(944
)
 
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,
2017
 
June 30,
2016
 
June 30,
2017
 
June 30,
2016
Net income
 
 
$
64,897

 
$
50,041

 
$
123,275

 
$
99,152

Less: Preferred stock dividends
 
 
2,050

 
3,628

 
5,678

 
7,256

Net income applicable to common shares—Basic
(A)
 
62,847

 
46,413

 
117,597

 
91,896

Add: Dividends on convertible preferred stock, if dilutive
 
 
—

 
1,578

 
1,578

 
3,156

Net income applicable to common shares—Diluted
(B)
 
62,847

 
47,991

 
119,175

 
95,052

Weighted average common shares outstanding
(C)
 
54,775

 
49,140

 
53,528

 
48,794

Effect of dilutive potential common shares
 
 
 
 
 
 
 
 
 
Common stock equivalents
 
 
927

 
856

 
994

 
778

Convertible preferred stock, if dilutive
 
 
885

 
3,109

 
1,987

 
3,109

Total dilutive potential common shares
 
 
1,812

 
3,965

 
2,981

 
3,887

Weighted average common shares and effect of dilutive potential common shares
(D)
 
56,587

 
53,105

 
56,509

 
52,681

Net income per common share:
 
 
 
 
 
 
 
 
 
Basic
(A/C)
 
$
1.15

 
$
0.94

 
$
2.20

 
$
1.88

Diluted
(B/D)
 
$
1.11

 
$
0.90

 
$
2.11

 
$
1.80