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Parent Company (Tables)
 12 Months Ended
Dec. 31, 2013
Parent Company [Abstract]  
Schedule Of Condensed Financial Statements
Condensed financial information of FirstMerit Corporation (Parent Company only) is as follows:
 
 
 
As of December 31,
Condensed Balance Sheet
2013
 
2012
 
Assets:
 
 
 
 
 
Cash and due from banks
$
125,032

 
$
140,939

 
 
Investment securities
2,253

 
1,429

 
 
Investment in subsidiaries, at equity in underlying value of their net assets
2,863,473

 
1,490,718

 
 
Other assets
77,674

 
13,973

 
 
Total Assets
$
3,068,432

 
$
1,647,059

 
Liabilities and Shareholders' Equity:
 
 
 
 
 
Long-term debt
$
324,428

 
$
—

 
 
Accrued and other liabilities
41,110

 
1,857

 
 
Shareholders' equity
2,702,894

 
1,645,202

 
 
Total Liabilities and Shareholders' Equity
$
3,068,432

 
$
1,647,059

 
 
 
 
 
 

 
Year Ended December 31,
Condensed Statement of Income
2013
 
2012
 
2011
 
Income:
 
 
 
 
 
 
 
Cash dividends from subsidiaries
$
81,715

 
$
155,493

 
$
72,500

 
 
Noninterest income
483

 
309

 
287

 
 
Total income
82,198

 
155,802

 
72,787

 
Interest and other expenses
29,684

 
10,799

 
8,005

 
Income before income tax benefit and equity in undistributed income of subsidiaries
52,514

 
145,003

 
64,782

 
Income tax benefit
(9,341
)
 
(2,004
)
 
(1,803
)
 
 
Income before equity in undistributed net income of subsidiaries

61,855

 
147,007

 
66,585

 
Equity in undistributed income of subsidiaries
121,829

 
(12,901
)
 
52,973

 
Net income
$
183,684

 
$
134,106

 
$
119,558

 
 
 
 
 
 
 
 

 
 
Year Ended December 31,
Condensed Statement of Cash Flows
 
2013
 
2012
 
2011
Operating activities:
 
 
 
 
 
 
 
 
Net income
 
$
183,684

 
$
134,106

 
$
119,558

 
 
Adjustments to reconcile net income to net cash provided by operating activities
 
 
 
 
 
 
 
 
Equity in undistributed income of subsidiaries
 
(121,829
)
 
12,901

 
(52,973
)
 
 
Decrease in Federal income tax receivable
 
(30,399
)
 
(4,446
)
 
(936
)
 
 
Increase in deferred Federal income tax payable
 
27,032

 
106

 
13

 
 
Increase in interest payable
 
4,618

 
—

 
—

 
 
Other
 
924

 
738

 
558

 
 
Net cash provided by operating activities
 
64,030

 
143,405

 
66,220

Investing activities:
 
 
 
 
 
 
 
 
Loans or advances to subsidiaries
 
(50
)
 
—

 
(18,704
)
 
 
Repayment of loans to subsidiaries
 
—

 
—

 
76,030

 
 
Cash paid for acquisition, net of cash received
 
(315,069
)
 
—

 
—

 
 
Sale of investments in subsidiaries
 
—

 
7,827

 
—

 
 
Purchases of investment securities
 
(215
)
 
(44
)
 
(45
)
 
 
Net cash (used) provided by investing activities
 
(315,334
)
 
7,783

 
57,281

Financing activities:
 
 
 
 
 
 
 
 
Proceeds from issuance of subordinated debt
 
249,927

 
—

 
—

 
 
Proceeds from issuance of preferred stock
 
96,550

 
—

 
—

 
 
Cash dividends-common stock
 
(96,222
)
 
(69,459
)
 
(69,255
)
 
 
Cash dividends-preferred stock
 
(5,337
)
 
—

 
—

 
 
Purchase of treasury shares
 
(9,521
)
 
(2,389
)
 
(2,295
)
 
 
Net cash provided (used) by financing activities
 
235,397

 
(71,848
)
 
(71,550
)
(Decrease) increase in cash and cash equivalents
 
(15,907
)
 
79,340

 
51,951

Cash and cash equivalents at beginning of year
 
140,939

 
61,599

 
9,648

Cash and cash equivalents at end of year
 
$
125,032

 
$
140,939

 
$
61,599