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Shareholders' Equity (Tables)
6 Months Ended
Jun. 30, 2012
Shareholders' Equity  
Schedule of components of AOCI

 

 

 

June 30,

 

December 31,

 

(in thousands)

 

2012

 

2011

 

Net unrealized gain on securities available-for-sale

 

$

82,668

 

$

73,235

 

Net unrealized gain on cash flow hedges

 

139

 

222

 

Pension liability adjustment

 

 

(1,085

)

Total accumulated other comprehensive income

 

$

82,807

 

$

72,372

 

 

Summary of entity's share repurchases activity

 

Period 

 

Total Number
of Shares
(or Units)
Purchased

 

Average
Price Paid
per Share
(or Unit)

 

April 1, 2012 to April 30, 2012

 

131

 

$

52.61

 

May 1, 2012 to May 31, 2012

 

42

 

53.52

 

June 1, 2012 to June 30, 2012

 

1,162

 

47.97

 

 

 

1,335

 

48.60

 

 

Schedule of components of total comprehensive income

 

 

 

For the three months ended
June 30, 2012

 

For the three months ended
June 30, 2011

 

(in thousands)

 

Pre-tax

 

Tax expense
(benefit)

 

Net-of-tax

 

Pre-tax

 

Tax expense
(benefit)

 

Net-of-tax

 

Securities available for sale:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net unrealized gains arising during the period

 

$

6,559

 

$

2,744

 

$

3,815

 

$

57,168

 

$

23,914

 

$

33,254

 

Reclassification adjustment for net gains included in net income

 

(17

)

(7

)

(10

)

(1,807

)

(759

)

(1,048

)

Non-credit related impairment loss

 

(3,951

)

(1,652

)

(2,299

)

(3,838

)

(1,605

)

(2,233

)

Net change on cash flow hedges

 

(41

)

 

(41

)

(248

)

 

(248

)

Pension liability adjustment

 

 

 

 

33

 

 

33

 

Total other comprehensive income

 

$

2,550

 

$

1,085

 

$

1,465

 

$

51,308

 

$

21,550

 

$

29,758

 

 

 

 

For the six months ended
June 30, 2012

 

For the six months ended
June 30, 2011

 

(in thousands)

 

Pre-tax

 

Tax expense
(benefit)

 

Net-of-tax

 

Pre-tax

 

Tax expense
(benefit)

 

Net-of-tax

 

Securities available for sale:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net unrealized gains arising during the period

 

$

20,580

 

$

8,609

 

$

11,971

 

$

40,469

 

$

16,928

 

$

23,541

 

Reclassification adjustment for net gains included in net income

 

(411

)

(172

)

(239

)

(1,895

)

(796

)

(1,099

)

Non-credit related impairment loss

 

(3,951

)

(1,652

)

(2,299

)

(3,838

)

(1,605

)

(2,233

)

Net change on cash flow hedges

 

(83

)

 

(83

)

(834

)

 

(834

)

Pension liability adjustment

 

1,085

 

 

1,085

 

65

 

 

65

 

Total other comprehensive income

 

$

17,220

 

$

6,785

 

$

10,435

 

$

33,967

 

$

14,527

 

$

19,440