Shareholders' Equity (Tables)

9 Months Ended

Sep. 30, 2013

	September 30,			December 31,
(in thousands)	2013			2012
Net unrealized (loss) gain on securities available-for-sale	$	(10,355	)	$	86,526
Net unrealized gain on cash flow hedges	—			56
Total accumulated other comprehensive (loss) income	$	(10,355	)	$	86,582

Schedule of components of total comprehensive (loss) income

	For the three months ended September 30, 2013									For the three months ended September 30, 2012
(in thousands)	Pre-tax			Tax expense (benefit)			Net-of-tax			Pre-tax			Tax expense (benefit)			Net-of-tax
Securities available-for-sale:
Net unrealized (losses) gains arising during the period	$	(23,334	)	$	(9,761	)	$	(13,573	)	$	20,701		$	8,659		$	12,042
Reclassification adjustment for net gains included in net income (1)	(5,788		)	(2,421		)	(3,367		)	(48		)	(20		)	(28		)
Non-credit related impairment loss	—			—			—			(1,471		)	(615		)	(856		)
Total securities available-for-sale	(29,122		)	(12,182		)	(16,940		)	19,182			8,024			11,158
Net change on cash flow hedges	—			—			—			(42		)	—			(42		)
Total other comprehensive (loss) income	$	(29,122	)	$	(12,182	)	$	(16,940	)	$	19,140		$	8,024		$	11,116

(1) Recognized in Gain on sale of securities in the consolidated statements of income.

	For the nine months ended September 30, 2013									For the nine months ended September 30, 2012
(in thousands)	Pre-tax			Tax expense (benefit)			Net-of-tax			Pre-tax			Tax expense (benefit)			Net-of-tax
Securities available-for-sale:
Net unrealized (losses) gains arising during the period	$	(155,089	)	$	(64,874	)	$	(90,215	)	$	37,330		$	15,615		$	21,715
Reclassification adjustment for net gains included in net income (1)	(11,460		)	(4,794		)	(6,666		)	(459		)	(192		)	(267		)
Non-credit related impairment loss	—			—			—			(1,471		)	(615		)	(856		)
Total securities available-for-sale	(166,549		)	(69,668		)	(96,881		)	35,400			14,808			20,592
Net change on cash flow hedges	(56		)	—			(56		)	(125		)	—			(125		)
Pension liability adjustment (2)	—			—			—			1,085			—			1,085
Total other comprehensive (loss) income	$	(166,605	)	$	(69,668	)	$	(96,937	)	$	36,360		$	14,808		$	21,552

(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 15 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)
July 1, 2013 to July 31, 2013	1,912	$	68.13
August 1, 2013 to August 31, 2013	12	65.47
September 1, 2013 to September 30, 2013	3,022	65.70
Total share repurchases	4,946	66.64

- Definition

Tabular disclosure of components of comprehensive income (loss) including, but not limited to: (a) foreign currency translation adjustments; (b) gains (losses) on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (c) gains (losses) on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (d) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (e) unrealized holding gains (losses) on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (f) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (g) the net gain (loss) and net prior service cost or credit for pension plans and other postretirement benefit plans.

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- Definition

Tabular disclosure of an entity's treasury stock, including the average cost per share, carrying basis for each class of treasury stock, description of share repurchase program authorized by an entity's board of directors, the number of shares repurchased, the cost of the shares repurchased, the remaining maximum dollar value of shares available for repurchase under the program, the treatment of the purchase price in excess of the current market value, number of shares held for each class of treasury stock, and other information necessary to a fair presentation.

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