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Parent Company
 12 Months Ended
Dec. 31, 2011
Parent Company [Abstract]  
Parent Company
Parent Company

Condensed financial information of FirstMerit Corporation (Parent Company only) is as follows:

 
 
 
 
As of December 31,
Condensed Balance Sheets
 
2011
 
2010
 
Assets:
 
 
 
 
 
 
Cash and due from banks
 
$
61,599

 
$
9,648

 
 
Investment securities
 
1,385

 
1,340

 
 
Loans to subsidiaries
 
—

 
57,326

 
 
Investment in subsidiaries, at equity in underlying value of their net assets
 
1,494,442

 
1,431,239

 
 
Other assets
 
9,853

 
11,381

 
 
Total Assets
 
$
1,567,279

 
$
1,510,934

 
Liabilities and Shareholders' Equity:
 
 
 
 
 
 
Accrued and other liabilities
 
$
1,326

 
$
3,219

 
 
Shareholders' equity
 
1,565,953

 
1,507,715

 
 
Total Liabilities and Shareholders' Equity
 
$
1,567,279

 
$
1,510,934


 
 
Years Ended December 31,
Condensed Statements of Income
 
2011
 
2010
 
2009
 
Income:
 
 
 
 
 
 
 
 
Cash dividends from subsidiaries
 
$
72,500

 
$
22,720

 
$
31,125

 
 
Other income
 
287

 
1,502

 
2,881

 
 
 
 
72,787

 
24,222

 
34,006

 
Interest and other expenses
 
8,005

 
10,387

 
12,065

 
Income before income tax benefit and equity in undistributed income of subsidiaries
 
64,782

 
13,835

 
21,941

 
Income tax benefit
 
(1,803
)
 
(2,267
)
 
(3,336
)
 
 
 
 
66,585

 
16,102

 
25,277

 
Equity in undistributed income of subsidiaries
 
52,973

 
86,807

 
56,893

 
Net income
 
$
119,558

 
$
102,909

 
$
82,170


 
 
Years ended December 31,
Condensed Statements of Cash Flows
 
2011
 
2010
 
2009
Operating activities:
 
 
 
 
 
 
 
 
Net income
 
$
119,558

 
$
102,909

 
$
82,170

 
 
Adjustments to reconcile net income to net cash provided by operating activities
 
 
 
 
 
 
 
 
Equity in undistributed income of subsidiaries
 
(52,973
)
 
(86,807
)
 
(56,893
)
 
 
(Decrease) increase in Federal income tax payable
 
(936
)
 
(2,042
)
 
3,893

 
 
Other
 
571

 
(175
)
 
(391
)
 
 
Net cash provided by operating activities
 
66,220

 
13,885

 
28,779

Investing activities:
 
 
 
 
 
 
 
 
Loans to subsidiaries
 
(18,704
)
 
(242,327
)
 
(318,000
)
 
 
Repayment of loans to subsidiaries
 
76,030

 
313,550

 
293,000

 
 
Payments for investments in and advances to subsidiaries
 
—

 
(381,600
)
 
(350
)
 
 
Purchases of investment securities
 
(45
)
 
(45
)
 
(46
)
 
 
Net cash provided (used) by investing activities
 
57,281

 
(310,422
)
 
(25,396
)
Financing activities:
 
 
 
 
 
 
 
 
Repayment of short-term borrowings
 
—

 
(52,393
)
 
(47
)
 
 
Proceeds from issuance of preferred stock
 
—

 
—

 
125,000

 
 
Repurchase of preferred stock
 
—

 
—

 
(125,000
)
 
 
Repurchase of common stock warrant
 
—

 
—

 
(5,025
)
 
 
Proceeds from issuance of common stock
 
—

 
400,018

 
79,526

 
 
Cash dividends-preferred
 
—

 
—

 
(1,789
)
 
 
Cash dividends-common stock
 
(69,255
)
 
(65,634
)
 
(63,891
)
 
 
Proceeds from exercise of stock options
 
—

 
826

 
2,936

 
 
Purchase of treasury shares
 
(2,295
)
 
(2,634
)
 
(1,758
)
 
 
Net cash (used) provided by financing activities
 
(71,550
)
 
280,183

 
9,952

Increase (decrease) in cash and cash equivalents
 
51,951

 
(16,354
)
 
13,335

Cash and cash equivalents at beginning of year
 
9,648

 
26,002

 
12,667

Cash and cash equivalents at end of year
 
$
61,599

 
$
9,648

 
$
26,002