STOCKHOLDERS' EQUITY AND EARNINGS PER COMMON SHARE (Tables)

12 Months Ended

Dec. 31, 2014

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, 2014
Company (Consolidated)
Total capital to risk-weighted assets	$	542,608	11.38		$	381,463	8.00	%	$	476,829	10.00	%
Tier 1 capital to risk-weighted assets	430,374		9.03		190,731		4.00		286,097		6.00
Tier 1 capital to average assets	430,374		7.01		245,558		4.00		306,947		5.00
Bank
Total capital to risk-weighted assets	$	513,368	10.78		$	380,959	8.00		$	476,199	10.00	%
Tier 1 capital to risk-weighted assets	440,420		9.25		190,479		4.00		285,719		6.00
Tier 1 capital to average assets	440,420		7.18		245,494		4.00		306,867		5.00
December 31, 2013
Company (Consolidated)
Total capital to risk-weighted assets	N/A		N/A		N/A		8.00	%	N/A		10.00	%
Tier 1 capital to risk-weighted assets	N/A		N/A		N/A		4.00		N/A		6.00
Tier 1 capital to average assets	N/A		N/A		N/A		4.00		N/A		5.00
Bank
Total capital to risk-weighted assets	$	486,075	11.62	%	$	334,555	8.00	%	$	418,193	10.00	%
Tier 1 capital to risk-weighted assets	416,803		9.97		167,277		4.00		250,916		6.00
Tier 1 capital to average assets	416,803		7.99		208,685		4.00		260,857		5.00

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

(In thousands)	2014			2013
Total stockholders’ equity per consolidated financial statements	$	709,287		N/A
Adjustments for Bank Tier 1 Capital:
Net unrealized loss (gain) on available for sale securities	(9,916		)	N/A
Net unrealized loss on cash flow hedges	3,338			N/A
Qualifying restricted core capital elements	15,000			N/A
Disallowed goodwill and other intangible assets	(276,270		)	N/A
Disallowed deferred taxes	(11,065		)	N/A
Total Bank Tier 1 Capital	430,374			N/A
Adjustments for total capital:
Qualifying subordinated debt	74,283			N/A
Includible allowances for loan losses	35,722			N/A
Net unrealized loss on available for sale securities includible in Tier 2 capital	2,229			N/A
Total Bank capital per regulatory reporting	$	542,608		N/A

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

(In thousands)	2014			2013
Total stockholders’ equity per consolidated financial statements	$	709,287		$	678,062
Adjustments for Bank Tier 1 Capital:
Holding company equity adjustment	1,868			(3,764		)
Net unrealized loss (gain) on available for sale securities	(9,912		)	5,749
Net unrealized loss on cash flow hedges	3,338			3,158
Disallowed goodwill and other intangible assets	(251,748		)	(245,405		)
Disallowed deferred taxes	(12,413		)	(20,997		)
Total Bank Tier 1 Capital	440,420			416,803
Adjustments for total capital:
Qualifying subordinated debt	35,000			35,000
Includible allowances for loan losses	35,722			33,383
Net unrealized loss on available for sale securities includible in Tier 2 capital	2,226			889
Total Bank capital per regulatory reporting	$	513,368		$	486,075

Schedule of components of accumulated other comprehensive loss

(In thousands)	2014			2013
Other accumulated comprehensive income/(loss), before tax:
Net unrealized holding gain (loss) on AFS securities	$	15,993		$	(9,294	)
Net loss on effective cash flow hedging derivatives	(3,299		)	(2,289		)
Net loss on terminated swap	—			(3,237		)
Net unrealized holding (loss) gain on pension plans	(2,291		)	17
Income taxes related to items of accumulated other comprehensive income/(loss):
Net unrealized holding (loss) gain on AFS securities	(6,077		)	3,518
Net loss on effective cash flow hedging derivatives	1,330			923
Net loss on terminated swap	—			1,312
Net unrealized holding gain (loss) on pension plans	923			(7		)
Accumulated other comprehensive income/(loss)	$	6,579		$	(9,057	)

Schedule of components of other comprehensive loss

(In thousands)	Before Tax			Tax Effect			Net of Tax
Year Ended December 31, 2014
Net unrealized holding gain on AFS securities:
Net unrealized gain arising during the period	$	25,769		$	(9,791	)	$	15,978
Less: reclassification adjustment for (gains) realized in net income	(482		)	196			(286		)
Net unrealized holding gain on AFS securities	25,287			(9,595		)	15,692
Net loss on cash flow hedging derivatives:
Net unrealized (loss) arising during the period	(6,403		)	2,608			(3,795		)
Less: reclassification adjustment for losses realized in net income	5,393			(2,201		)	3,192
Net loss on cash flow hedging derivatives	(1,010		)	407			(603		)
Net loss on terminated swap:
Net unrealized loss arising during the period	—			—			—
Less: reclassification adjustment for losses realized in net income	3,237			(1,312		)	1,925
Net loss on terminated swap	3,237			(1,312		)	1,925
Net unrealized holding loss on pension plans
Net unrealized loss arising during the period	(2,308		)	930			(1,378		)
Less: reclassification adjustment for (gains) losses realized in net income	—			—			—
Net unrealized holding loss on pension plans	(2,308		)	930			(1,378		)
Other Comprehensive Income	$	25,206		$	(9,570	)	$	15,636

(In thousands)	Before Tax			Tax Effect			Net of Tax
Year Ended December 31, 2013
Net unrealized holding loss on AFS securities:
Net unrealized (loss) arising during the period	$	(15,254	)	$	5,604		$	(9,650	)
Less: reclassification adjustment for (gains) realized in net income	(4,758		)	1,920			(2,838		)
Net unrealized holding loss on AFS securities	(20,012		)	7,524			(12,488		)
Net gain on cash flow hedging derivatives:
Net unrealized gain arising during the period	5,046			(2,014		)	3,032
Less: reclassification adjustment for losses realized in net income	3,620			(1,460		)	2,160
Net gain on cash flow hedging derivatives	8,666			(3,474		)	5,192
Net loss on terminated swap:
Net unrealized loss arising during the period	—			—			—
Less: reclassification adjustment for losses realized in net income	942			(489		)	453
Net loss on terminated swap	942			(489		)	453
Net unrealized holding gain on pension plans
Net unrealized gain arising during the period	1,282			(517		)	765
Less: reclassification adjustment for (gains) losses realized in net income	—			—			—
Net unrealized holding gain on pension plans	1,282			(517		)	765
Other Comprehensive Income	$	(9,122	)	$	3,044		$	(6,078	)

(In thousands)	Before Tax			Tax Effect			Net of Tax
Year Ended December 31, 2012
Net unrealized holding gain on AFS securities:
Net unrealized gain arising during the period	$	5,861		$	(2,246	)	$	3,615
Less: reclassification adjustment for (gains) realized in net income	(1,442		)	579			(863		)
Net unrealized holding gain on AFS securities	4,419			(1,667		)	2,752
Net gain on cash flow hedging derivatives:
Net unrealized gain arising during the period	(5,653		)	2,129			(3,524		)
Less: reclassification adjustment for losses realized in net income	3,581			(1,441		)	2,140
Net loss on cash flow hedging derivatives	(2,072		)	688			(1,384		)
Net loss on terminated swap:
Net unrealized loss arising during the period	—			—			—
Less: reclassification adjustment for losses realized in net income	942			(324		)	618
Net loss on terminated swap	942			(324		)	618
Net unrealized holding loss on pension plans
Net unrealized loss arising during the period	(136		)	56			(80		)
Less: reclassification adjustment for (gains) losses realized in net income	—			—			—
Net unrealized holding loss on pension plans	(136		)	56			(80		)
Other Comprehensive Income	$	3,153		$	(1,247	)	$	1,906

Schedule of gross changes in each component of accumulated other comprehensive income

	Net unrealized			Net loss on			Net loss			Net unrealized
	holding gain (loss)			effective cash			on			holding gain (loss)
	on AFS			flow hedging			terminated			on
(in thousands)	Securities			derivatives			swap			pension plans			Total
Year Ended December 31, 2014
Balance at Beginning of Year	$	(5,776	)	$	(1,366	)	$	(1,925	)	$	10		$	(9,057	)
Other Comprehensive Gain (Loss) before reclassifications	15,978			(3,795		)	—			(1,378		)	10,805
Amounts Reclassified from Accumulated other comprehensive income	(286		)	3,192			1,925			—			4,831
Total Other Comprehensive Income	15,692			(603		)	1,925			(1,378		)	15,636
Balance at End of Period	$	9,916		$	(1,969	)	$	0		$	(1,368	)	$	6,579
Year Ended December 31, 2013
Balance at Beginning of Year	$	6,712		$	(6,558	)	$	(2,378	)	$	(755	)	$	(2,979	)
Other Comprehensive (Loss) Gain before reclassifications	(9,650		)	3,032			—			765			(5,853		)
Amounts Reclassified from Accumulated other comprehensive income	(2,838		)	2,160			453			—			(225		)
Total Other Comprehensive Loss	(12,488		)	5,192			453			765			(6,078		)
Balance at End of Period	$	(5,776	)	$	(1,366	)	$	(1,925	)	$	10		$	(9,057	)
Year Ended December 31, 2012
Balance at Beginning of Year	$	3,960		$	(5,174	)	$	(2,996	)	$	(675	)	$	(4,885	)
Other Comprehensive Gain (Loss) Before reclassifications	3,615			(3,524		)	—			(80		)	11
Amounts Reclassified from Accumulated other comprehensive income	(863		)	2,140			618			—			1,895
Total Other Comprehensive Income	2,752			(1,384		)	618			(80		)	1,906
Balance at End of Period	$	6,712		$	(6,558	)	$	(2,378	)	$	(755	)	$	(2,979	)

Schedule of amounts reclassified out of each component of accumulated other comprehensive income

										Affected Line Item in the
	Years Ended Decemeber 31,									Statement Where Net Income
(in thousands)	2014			2013			2012			Is Presented
Realized (gains) on AFS securities:
	$	(482	)	$	(4,758	)	$	(1,442	)	Non-interest income
	196			1,920			579			Tax expense
	(286		)	(2,838		)	(863		)
Realized losses on cash flow hedging derivatives:
	5,393			3,620			3,581			Interest income
	(2,201		)	(1,460		)	(1,441		)	Tax expense
	3,192			2,160			2,140
Amortization of realized losses on terminated swap:
	3,237			942			942			Interest income
	(1,312		)	(489		)	(324		)	Tax expense
	1,925			453			618
Total reclassifications for the period	$	4,831		$	(225	)	$	1,895

Schedule of earnings per share

	Years Ended December 31,
(In thousands, except per share data)	2014		2013		2012
Net income from continuing operations	$	33,744	$	41,143	$	33,825
Loss from discontinued operations before income taxes (including gain on disposal of $63 in 2012)	—		—		(261		)
Income tax benefit	—		—		376
Net loss from discontinued operations	—		—		(637		)
Net income	$	33,744	$	41,143	$	33,188
Average number of common shares issued	26,525		26,525		24,081
Less: average number of treasury shares	1,386		1,424		1,626
Less: average number of unvested stock award shares	409		299		254
Average number of basic common shares outstanding	24,730		24,802		22,201
Plus: dilutive effect of unvested stock award shares	67		60		41
Plus: dilutive effect of stock options outstanding	57		103		87
Average number of diluted common shares outstanding	24,854		24,965		22,329
Basic earnings per share:
Continuing Operations	$	1.36	$	1.66	$	1.52
Discontinued operations	—		—		(0.03		)
Total basic earning per share	$	1.36	$	1.66	$	1.49
Diluted earnings per share:
Continuing Operations	$	1.36	$	1.65	$	1.52
Discontinued operations	—		—		(0.03		)
Total diluted earnings per share	$	1.36	$	1.65	$	1.49