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

 

 

 

 

September 30,

 

December 31,

 

(in thousands)

 

2012

 

2011

 

Net unrealized gain on securities available-for-sale

 

$

93,827

 

$

73,235

 

Net unrealized gain on cash flow hedges

 

97

 

222

 

Pension liability adjustment

 

 

(1,085

)

Total accumulated other comprehensive income

 

$

93,924

 

$

72,372

 

 

Schedule of components of total comprehensive income

 

 

 

 

For the three months ended
September 30, 2012

 

For the three months ended
September 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

 

$

20,701

 

$

8,659

 

$

12,042

 

$

52,472

 

$

21,949

 

$

30,523

 

Reclassification adjustment for net gains included in net income

 

(48

)

(20

)

(28

)

(3,060

)

(1,280

)

(1,780

)

Non-credit related impairment loss

 

(1,471

)

(615

)

(856

)

(4,356

)

(1,823

)

(2,533

)

Net change on cash flow hedges

 

(42

)

 

(42

)

32

 

 

32

 

Pension liability adjustment

 

 

 

 

(68

)

 

(68

)

Total other comprehensive income

 

$

19,140

 

$

8,024

 

$

11,116

 

$

45,020

 

$

18,846

 

$

26,174

 

 

 

 

For the nine months ended
September 30, 2012

 

For the nine months ended
September 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

 

$

37,330

 

$

15,615

 

$

21,715

 

$

89,108

 

$

37,274

 

$

51,834

 

Reclassification adjustment for net gains included in net income

 

(459

)

(192

)

(267

)

(4,955

)

(2,073

)

(2,882

)

Non-credit related impairment loss

 

(1,471

)

(615

)

(856

)

(4,356

)

(1,823

)

(2,533

)

Net change on cash flow hedges

 

(125

)

 

(125

)

(903

)

 

(903

)

Pension liability adjustment

 

1,085

 

 

1,085

 

98

 

 

98

 

Total other comprehensive income

 

$

36,360

 

$

14,808

 

$

21,552

 

$

78,992

 

$

33,378

 

$

45,614

 

 

Summary of entity's share repurchases activity

 

Period

 

Total Number
of Shares
(or Units)
Purchased

 

Average
Price Paid
per Share
(or Unit)

 

July 1, 2012 to July 31, 2012

 

2,180

 

$

49.23

 

August 1, 2012 to August 31, 2012

 

12

 

51.35

 

September 1, 2012 to September 30, 2012

 

2,198

 

52.32

 

 

 

4,390

 

50.78