Condensed Financial Statements of Parent Company (Tables)

12 Months Ended

Dec. 31, 2013

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Schedule of Condensed Balance Sheets

Condensed Balance Sheets

	December 31,
	2013		2012
Assets:
Cash	$	7,477	$	8,601
Resell agreements	320,200		222,460
Total cash and cash equivalents	327,677		231,061
Investment in subsidiaries	2,409,433		2,410,227
Other assets	19,038		6,260
Total assets	$	2,756,148	$	2,647,548
Liabilities:
Junior subordinated deferrable interest debentures	$	123,712	$	123,712
Subordinated notes payable	100,000		100,000
Accrued interest payable and other liabilities	18,275		6,354
Total liabilities	241,987		230,066
Shareholders’ Equity	2,514,161		2,417,482
Total liabilities and shareholders’ equity	$	2,756,148	$	2,647,548

Schedule of Condensed Statements of Income

Condensed Statements of Income

	Year Ended December 31,
	2013		2012		2011
Income:
Dividend income paid by Frost Bank	$	144,642	$	143,623	$	128,666
Dividend income paid by non-banks	2,819		3,077		2,069
Interest and other income	79		308		101
Total income	147,540		147,008		130,836
Expenses:
Interest expense	7,365		8,512		12,653
Salaries and employee benefits	1,175		1,167		1,163
Other	6,735		6,727		4,468
Total expenses	15,275		16,406		18,284
Income before income taxes and equity in undistributed earnings of subsidiaries	132,265		130,602		112,552
Income tax benefit	7,845		7,463		8,295
Equity in undistributed earnings of subsidiaries	97,756		99,887		96,688
Net income	237,866		237,952		217,535
Preferred stock dividends	6,719		—		—
Net income available to common shareholders	$	231,147	$	237,952	$	217,535

Schedule of Condensed Statements of Cash Flows

Condensed Statements of Cash Flows

	Year Ended December 31,
	2013			2012			2011
Operating Activities:
Net income	$	237,866		$	237,952		$	217,535
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed earnings of subsidiaries	(97,756		)	(99,887		)	(96,688		)
Stock-based compensation	330			330			330
Excess tax benefits from stock-based compensation	(155		)	(133		)	(213		)
Net change in other assets and other liabilities	2,372			(2,256		)	2,916
Net cash from operating activities	142,657			136,006			123,880
Investing Activities:	—			—			—
Financing Activities:
Proceeds from stock option exercises	68,653			10,516			7,438
Proceeds from stock-based compensation activities of subsidiaries	11,633			12,506			15,633
Excess tax benefits from stock-based compensation	155			133			213
Proceeds from issuance of preferred stock	144,486			—			—
Purchase of treasury stock	(144,630		)	(436		)	(2,029		)
Cash dividends paid on preferred stock	(6,719		)	—			—
Cash dividends paid on common stock	(119,619		)	(116,853		)	(112,210		)
Net cash from financing activities	(46,041		)	(94,134		)	(90,955		)
Net change in cash and cash equivalents	96,616			41,872			32,925
Cash and cash equivalents at beginning of year	231,061			189,189			156,264
Cash and cash equivalents at end of year	$	327,677		$	231,061		$	189,189