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Shareholders' Equity (Tables)
3 Months Ended
Mar. 31, 2014
Shareholders' Equity  
Schedule of components of total comprehensive income (loss)

 

 

 

 

For the three months ended
March 31, 2014

 

For the three months ended
March 31, 2013

 

(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 (losses) arising during the period

 

$

21,528

 

$

8,975

 

$

12,553

 

$

(19,810

)

$

(8,287

)

$

(11,523

)

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

 

(2,192

)

(917

)

(1,275

)

(887

)

(371

)

(516

)

Non-credit related impairment loss

 

 

 

 

(492

)

(206

)

(286

)

Total securities available-for-sale

 

19,336

 

8,058

 

11,278

 

(21,189

)

(8,864

)

(12,325

)

Net change on cash flow hedges

 

 

 

 

(35

)

 

(35

)

Total other comprehensive income (loss)

 

$

19,336

 

$

8,058

 

$

11,278

 

$

(21,224

)

$

(8,864

)

$

(12,360

)

 

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

Summary of entity's share repurchases activity

 

 

Period 

 

Total Number
of Shares
(or Units)
Purchased

 

Average
Price Paid
per Share
(or Unit)

 

January 1, 2014 to January 31, 2014

 

374

 

$

75.12

 

February 1, 2014 to February 28, 2014

 

28,787

 

72.46

 

March 1, 2014 to March 31, 2014

 

22,147

 

75.32

 

Total share repurchases

 

51,308

 

73.71