Shareholders' Equity (Tables)

9 Months Ended

Sep. 30, 2014

Shareholders' Equity

Schedule of components of total comprehensive income (loss)

	For the three months ended September 30, 2014									For the three months ended September 30, 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 losses arising during the period	$	(16,386	)	$	(6,839	)	$	(9,547	)	$	(23,334	)	$	(9,761	)	$	(13,573	)
Reclassification adjustment for net gains included in net income (1)	(7		)	(3		)	(4		)	(5,788		)	(2,421		)	(3,367		)
Non-credit related impairment loss	(243		)	(102		)	(141		)	—			—			—
Total securities available-for-sale	(16,636		)	(6,944		)	(9,692		)	(29,122		)	(12,182		)	(16,940		)
Total other comprehensive loss	$	(16,636	)	$	(6,944	)	$	(9,692	)	$	(29,122	)	$	(12,182	)	$	(16,940	)

	For the nine months ended September 30, 2014									For the nine months ended September 30, 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	$	21,646		$	9,060		$	12,586		$	(155,089	)	$	(64,874	)	$	(90,215	)
Reclassification adjustment for net gains included in net income (1)	(7,558		)	(3,162		)	(4,396		)	(11,460		)	(4,794		)	(6,666		)
Non-credit related impairment loss	(243		)	(102		)	(141		)	—			—			—
Total securities available-for-sale	13,845			5,796			8,049			(166,549		)	(69,668		)	(96,881		)
Net change on cash flow hedges	—			—			—			(56		)	—			(56		)
Total other comprehensive income (loss)	$	13,845		$	5,796		$	8,049		$	(166,605	)	$	(69,668	)	$	(96,937	)

(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)
July 1, 2014 to July 31, 2014	2,085	$	74.64
August 1, 2014 to August 31, 2014	12	75.88
September 1, 2014 to September 30, 2014	3,003	77.46
Total share repurchases	5,100	76.30