XML 41 R50.htm IDEA: XBRL DOCUMENT v2.4.0.6
STOCKHOLDERS' EQUITY AND EARNINGS PER COMMON SHARE (Tables)
12 Months Ended
Dec. 31, 2012
STOCKHOLDERS' EQUITY AND EARNINGS PER COMMON SHARE  
Schedule of actual and required capital ratios

 

 

 

 

 

 

 

 

Minimum to be Well

 

 

 

 

 

Minimum

 

Capitalized Under

 

 

 

 

 

Capital

 

Prompt Corrective

 

 

 

Actual

 

Requirement

 

Action Provisions

 

(Dollars in thousands)

 

Amount

 

Ratio

 

Amount

 

Ratio

 

Amount

 

Ratio

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

Total capital to risk-weighted assets

 

$

456,314

 

11.79

%

$

309,684

 

8.00

%

$

387,105

 

10.00

%

Tier 1 capital to risk-weighted assets

 

387,548

 

10.01

 

154,842

 

4.00

 

232,263

 

6.00

 

Tier 1 capital to average assets

 

387,548

 

7.46

 

207,874

 

4.00

 

259,842

 

5.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2011

 

 

 

 

 

 

 

 

 

 

 

 

 

Total capital to risk-weighted assets

 

$

347,187

 

11.29

%

$

246,014

 

8.00

%

$

307,517

 

10.00

%

Tier 1 capital to risk-weighted assets

 

314,320

 

10.22

 

123,022

 

4.00

 

184,532

 

6.00

 

Tier 1 capital to average assets

 

314,320

 

8.41

 

149,498

 

4.00

 

186,873

 

5.00

 

Schedule of reconciliation of the Company's total stockholders' equity to the Bank's regulatory capital

 

 

(In thousands)

 

2012

 

2011

 

Total stockholders’ equity per consolidated financial statements

 

$

667,265

 

$

551,808

 

 

 

 

 

 

 

Adjustments for Bank Tier 1 Capital:

 

 

 

 

 

Holding company equity adjustment

 

(5,172

)

(34,117

)

Net unrealized gain on available for sale securities

 

(6,712

)

(3,960

)

Net unrealized loss on cash flow hedges

 

9,263

 

7,549

 

Disallowed goodwill and other intangible assets

 

(248,586

)

(198,715

)

Disallowed deferred taxes

 

(28,510

)

(8,245

)

Total Bank Tier 1 Capital

 

387,548

 

314,320

 

 

 

 

 

 

 

Adjustments for total capital:

 

 

 

 

 

Qualifying subordinated dbet

 

35,000

 

 

Includible allowances for loan losses

 

33,299

 

32,519

 

Net unrealized loss (gain) on available for sale securities includible in Tier 2 capital

 

467

 

348

 

Total Bank capital per regulatory reporting

 

$

456,314

 

$

347,187

 

Schedule of components of accumulated other comprehensive (loss) income

 

 

(In thousands)

 

2012

 

2011

 

Other accumulated comprehensive income/(loss), before tax:

 

 

 

 

 

Net unrealized holding gain (loss) on AFS securities

 

$

10,719

 

$

6,299

 

Net loss on effective cash flow hedging derivatives

 

(10,955

)

(8,882

)

Net loss on terminated swap

 

(4,179

)

(5,121

)

Net unrealized holding gain (loss) on pension plans

 

(1,265

)

(1,130

)

 

 

 

 

 

 

Income taxes related to items of accumulated other comprehensive (loss)/income:

 

 

 

 

 

Net unrealized holding gain (loss) on AFS securities

 

(4,007

)

(2,339

)

Net loss on effective cash flow hedging derivatives

 

4,397

 

3,708

 

Net loss on terminated swap

 

1,801

 

2,125

 

Net unrealized holding gain (loss) on pension plans

 

510

 

455

 

Accumulated other comprehensive loss

 

$

(2,979

)

$

(4,885

)

Schedule of earnings per share

 

 

 

 

Years Ended December 31,

 

(In thousands, except per share data)

 

2012

 

2011

 

2010

 

 

 

 

 

 

 

 

 

Net income from continuing operations

 

$

33,825

 

$

16,434

 

$

13,615

 

(Loss) income from discontinued operations before income taxes (including gain on disposal of $4,962)

 

(261

)

4,684

 

 

Income tax expense

 

376

 

3,770

 

 

Net (loss) income from discontinued operations

 

(637

)

914

 

 

Net income

 

$

33,188

 

$

17,348

 

$

13,615

 

 

 

 

 

 

 

 

 

Average number of common shares issued

 

24,081

 

19,812

 

15,849

 

Less: average number of treasury shares

 

1,626

 

1,741

 

1,818

 

Less: average number of unvested stock award shares

 

254

 

186

 

169

 

Average number of basic common shares outstanding

 

22,201

 

17,885

 

13,862

 

Plus: dilutive effect of unvested stock award shares

 

41

 

 

25

 

Plus: dilutive effect of stock options outstanding

 

87

 

67

 

9

 

Average number of diluted common shares outstanding

 

22,329

 

17,952

 

13,896

 

 

 

 

 

 

 

 

 

Basic and diluted earnings per share:

 

 

 

 

 

 

 

Continuing Operations

 

$

1.52

 

$

0.92

 

$

0.98

 

Discontinued Operations

 

$

(0.03

)

$

0.05

 

$