The following condensed financial information reflects the accounts and transactions of the Company (excluding its subsidiaries) at the dates and for the years indicated:

Condensed Balance Sheets	December 31,
	2011		2010
Assets:	(In thousands)
Cash on deposit with subsidiary bank	$	17,100	$	18,972
Investment in subsidiaries		1,392,966		1,352,569
Other assets		15,173		12,900
Total assets	$	1,425,239	$	1,384,441

Liabilities and shareholders' equity:
Total liabilities	$	162,327	$	162,197
Shareholders' equity		1,262,912		1,222,244
Total liabilities and shareholders' equity	$	1,425,239	$	1,384,441

	Year Ended December 31,
Condensed Statements of Income	2011		2010			2009
	(In thousands)
Dividends from subsidiaries	$	23,000	$	89,500		$	54,000
Other operating income		268		837			1,513
Total income		23,268		90,337			55,513

Operating expenses		17,358		16,807			16,303
Income before tax benefit and equity in undistributed earnings		5,910		73,530			39,210
Income tax benefit		6,050		6,102			5,657
Income before equity in undistributed earnings of subsidiaries		11,960		79,632			44,867
Equity in (distributed) undistributed earnings of subsidiaries		25,609		(56,690	)		37,862
Net income	$	37,569	$	22,942		$	82,729

	Year Ended December 31,
Condensed Statements of Cash Flows	2011			2010			2009
	(In thousands)
Operating activities:
Net income	$	37,569		$	22,942		$	82,729
Adjustments to reconcile net income to net cash provided by operating activities		(30,348	)		58,486			(39,131	)
Net cash provided by operating activities		7,221			81,428			43,598
Investing activities:
Net cash paid for acquisitions		-			-			-
Net cash used in investing activities		-			-			-
Financing activities:
Cash dividends		(11,689	)		(73,458	)		(73,335	)
Common stock transactions, net		2,596			464			6,320
Net cash used in financing activities		(9,093	)		(72,994	)		(67,015	)
(Decrease) increase in cash and cash equivalents		(1,872	)		8,434			(23,417	)
Cash and cash equivalents at beginning of year		18,972			10,538			33,955
Cash and cash equivalents at end of year	$	17,100		$	18,972		$	10,538