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Shareholders' Equity (Tables)
12 Months Ended
Dec. 31, 2012
Shareholders' Equity  
Schedule of components of AOCI

 

 

 
  December 31,  
(in thousands)
  2012   2011  

Net unrealized gain on securities available-for-sale

  $ 86,526   $ 73,235  

Net unrealized gain on cash flow hedges

    56     222  

Pension liability adjustment

        (1,085 )
           

Total accumulated other comprehensive income

  $ 86,582   $ 72,372  
           
Schedule of components of total comprehensive income

 

 

(in thousands)
  Pre-tax   Tax expense
(benefit)
  Net-of-tax  

For the year ended December 31, 2012

                   

Securities available-for-sale:

                   

Net unrealized gains arising during the period

  $ 24,020   $ 10,047   $ 13,973  

Reclassification adjustment for net gains included in net income

    (183 )   (76 )   (107 )

Non-credit related impairment loss

    (988 )   (413 )   (575 )

Net change on cash flow hedges

    (166 )       (166 )

Pension liability adjustment

    1,085         1,085  
               

Total other comprehensive income

  $ 23,768   $ 9,558   $ 14,210  
               

For the year ended December 31, 2011

                   

Securities available-for-sale:

                   

Net unrealized gains arising during the period

  $ 72,499   $ 30,326   $ 42,173  

Reclassification adjustment for net gains included in net income

    (4,955 )   (2,073 )   (2,882 )

Non-credit related impairment loss

    (4,198 )   (1,756 )   (2,442 )

Net change on cash flow hedges

    (962 )       (962 )

Pension liability adjustment

    (368 )       (368 )
               

Total other comprehensive income

  $ 62,016   $ 26,497   $ 35,519  
               

For the year ended December 31, 2010

                   

Securities available-for-sale:

                   

Net unrealized gains arising during the period

  $ 73,808   $ 30,874   $ 42,934  

Reclassification adjustment for net losses included in net income

    8,914     3,744     5,170  

Non-credit related impairment loss

    (7,482 )   (3,130 )   (4,352 )

Net change on cash flow hedges

    (6,321 )   (3,134 )   (3,187 )

Pension liability adjustment

    (663 )       (663 )
               

Total other comprehensive income

  $ 68,256   $ 28,354   $ 39,902  
               
Summary of entity's share repurchases activity

 

 

Period
  Total Number
of Shares
(or Units)
Purchased
  Average
Price Paid
per Share
(or Unit)
 

October 1, 2012 to October 31, 2012

    581   $ 50.28  

November 1, 2012 to November 30, 2012

         

December 1, 2012 to December 31, 2012

    988     50.37  
             

 

    1,569     50.34