XML 132 R38.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 11 - Income Taxes (Tables)
12 Months Ended
Dec. 31, 2012
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
   
At December 31,
 
 
 
2012
   
2011
 
   
(In thousands)
 
Deferred tax asset
           
Allowance for credit losses
  $ 13,700     $ 14,683  
State franchise taxes
    4,162       4,584  
Deferred compensation
    8,278       8,083  
Real estate owned
    2,211       1,177  
Purchased assets and assumed liabilities
    4,732        
Post-retirement benefits
    1,210       1,236  
Employee benefit accruals
    5,648       5,462  
VISA Class B shares
    1,479       866  
Limited partnership investments
    1,037       993  
Impaired capital assets
    20,819       21,058  
Capital loss carryforward
    47       548  
Premises and equipment
    444       242  
Other
    64       33  
Subtotal deferred tax asset
    63,831       58,965  
Valuation allowance
           
Total deferred tax asset
    63,831       58,965  
Deferred tax liability
               
Net deferred loan fees
    429       500  
Intangible assets
    9,219       11,296  
Securities available for sale
    10,741       8,404  
Leases
    752       934  
Purchased assets and assumed liabilities
          90  
Other
    241       126  
Total deferred tax liability
    21,382       21,350  
Net deferred tax asset
  $ 42,449     $ 37,615  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
   
For the Years Ended December 31,
 
 
 
2012
   
2011
   
2010
 
   
(In thousands)
 
Current income tax expense:
                 
Federal
  $ 22,368     $ 18,393     $ 34,531  
State
    11,456       13,322       13,075  
Total current
    33,824       31,715       47,606  
Deferred income tax (benefit) expense:
                       
Federal
    (7,280 )     1,839       (10,155 )
State
    (1,114 )     (626 )     (606 )
Total deferred
    (8,394 )     1,213       (10,761 )
Provision for income taxes
  $ 25,430     $ 32,928     $ 36,845  
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
   
For the Years Ended December 31,
 
   
2012
   
2011
   
2010
 
   
(In thousands)
 
Federal income taxes due at statutory rate
  $ 37,295     $ 42,285     $ 45,998  
Reductions in income taxes resulting from:
                       
Interest on state and municipal securities and loans not taxable for federal income tax purposes
    (12,494 )     (12,423 )     (11,875 )
State franchise taxes, net of federal income tax benefit
    6,722       8,252       8,104  
Tax credits
    (3,684 )     (3,560 )     (3,521 )
Dividend received deduction
    (28 )     (25 )     (21 )
Cash value life insurance
    (953 )     (728 )     (953 )
Other
    (1,428 )     (873 )     (887 )
Provision for income taxes
  $ 25,430     $ 32,928     $ 36,845  
Summary of Income Tax Contingencies [Table Text Block]
   
2012
   
2011
 
   
(In thousands)
 
Balance at January 1,
  $ 496     $ 259  
Additions for tax positions taken in the current period
    238       131  
Reductions for tax positions taken in the current period
           
Additions for tax positions taken in prior years
    13       232  
Reductions for tax positions taken in prior years
           
Decreases related to settlements with taxing authorities
           
Decreases as a result of a lapse in statute of limitations
          (126 )
Balance at December 31,
  $ 747     $ 496