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Shareholders' Equity (Tables)
 12 Months Ended
Dec. 31, 2013
Shareholders' Equity  
Schedule of components of AOCI

 

 

 
   December 31,  
(in thousands)
  2013   2012  

Net unrealized (loss) gain on securities available-for-sale

   $ (15,641 ) $ 86,526  

Net unrealized gain on cash flow hedges

     —     56  
           
​ ​ ​ ​ ​ ​ ​ ​

Total accumulated other comprehensive (loss) income

   $ (15,641 ) $ 86,582  
           
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
           
Schedule of components of total comprehensive income (loss)

 

 

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

For the year ended December 31, 2013

                    

Securities available-for-sale:

                    

Net unrealized losses arising during the period

   $ (168,824 ) $ (70,619 ) $ (98,205 )

Reclassification adjustment for net gains included in net income (1)

     (6,811 )   (2,849 )   (3,962 )
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total securities available-for-sale

     (175,635 )   (73,468 )   (102,167 )

Net change on cash flow hedges

     (56 )   —     (56 )
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total other comprehensive losses

   $ (175,691 ) $ (73,468 ) $ (102,223 )
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               

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 (1)

     (183 )   (76 )   (107 )

Non-credit related impairment loss

     (988 )   (413 )   (575 )
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total securities available-for-sale

     22,849     9,558     13,291  

Net change on cash flow hedges

     (166 )   —     (166 )

Pension liability adjustment (2)

     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 (1)

     (4,955 )   (2,073 )   (2,882 )

Non-credit related impairment loss

     (4,198 )   (1,756 )   (2,442 )
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total securities available-for-sale

     63,346     26,497     36,849  

Net change on cash flow hedges

     (962 )   —     (962 )

Pension liability adjustment (2)

     (368 )   —     (368 )
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total other comprehensive income

   $ 62,016   $ 26,497   $ 35,519  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               
(1)
Recognized in Gain on sale of securities in the consolidated statements of income.

(2)
Recognized in Salaries and employee benefits in the consolidated statements of income. See Note 19 for additional information.
Summary of entity's share repurchases activity

 

 

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

October 1, 2013 to October 31, 2013

     233   $ 70.27  

November 1, 2013 to November 30, 2013

     28     74.39  

December 1, 2013 to December 31, 2013

     421     77.35  
             
​ ​ ​ ​ ​ ​ ​ ​

Total share repurchases

     682     74.81  
             
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​