Income Taxes	9 Months Ended
Sep. 30, 2012
Income Taxes	NOTE 13. Income Taxes For the year ended December 31, 2011, Susquehanna’s provision for income taxes during interim reporting periods was computed based on the actual effective tax rate for the year-to-date by applying the discrete method. Susquehanna had determined that since small changes in estimated “ordinary” income resulted in significant changes to the estimated annual effective income tax rate, the estimated annual effective tax rate method would not provide a reliable estimate of its interim income taxes and therefore computed its interim income taxes using the effective income tax rate for each discrete interim period. For the three and nine months ended September 30, 2012, Susquehanna determined that small changes in estimated “ordinary” income would no longer result in significant changes to the estimated annual effective tax rate. Therefore, Susquehanna has calculated its interim income taxes by applying an estimate of the annual effective tax rate for the full fiscal year to “ordinary” income or loss (pre-tax income or loss excluding significant unusual or infrequently occurring items). Our effective tax rate for the three and nine months ended September 30, 2012 was 31.8% and 31.6%, respectively. The estimated annual effective rate for the three and nine months ended September 30, 2012 was impacted by the level of permanent differences including tax-advantaged income, resulting in an effective rate below statutory rates for the interim reporting periods.

Income Taxes

9 Months Ended

Sep. 30, 2012

NOTE 13. Income Taxes

For the year ended December 31, 2011, Susquehanna’s provision for income taxes during interim reporting periods was computed based on the actual effective tax rate for the year-to-date by applying the discrete method. Susquehanna had determined that since small changes in estimated “ordinary” income resulted in significant changes to the estimated annual effective income tax rate, the estimated annual effective tax rate method would not provide a reliable estimate of its interim income taxes and therefore computed its interim income taxes using the effective income tax rate for each discrete interim period.

For the three and nine months ended September 30, 2012, Susquehanna determined that small changes in estimated “ordinary” income would no longer result in significant changes to the estimated annual effective tax rate. Therefore, Susquehanna has calculated its interim income taxes by applying an estimate of the annual effective tax rate for the full fiscal year to “ordinary” income or loss (pre-tax income or loss excluding significant unusual or infrequently occurring items).

Our effective tax rate for the three and nine months ended September 30, 2012 was 31.8% and 31.6%, respectively. The estimated annual effective rate for the three and nine months ended September 30, 2012 was impacted by the level of permanent differences including tax-advantaged income, resulting in an effective rate below statutory rates for the interim reporting periods.