XML 61 R44.htm IDEA: XBRL DOCUMENT v2.4.0.6
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2012
Income Taxes [Abstract]  
Summary Of Deferred Tax Assets And Liabilities

 

 

 

(in thousands)

2012

2011

 

 

Deferred tax assets:

 

 

Previously securitized loans

$
5,921 
$
6,669 

Allowance for loan losses

7,100 
7,310 

Deferred compensation payable

2,812 
2,932 

Underfunded pension liability

3,029 
2,874 

Accrued expenses

1,869 
1,729 

Impaired assets

1,086 
1,362 

Impaired security losses

9,814 
10,386 

Intangible assets

2,928 

 -

Other

2,963 
2,752 

Total Deferred Tax Assets

37,522 
36,014 

Deferred tax liabilities:

 

 

Intangible assets

 -

925 

Unrealized securities gains

2,145 
495 

Other

2,640 
2,375 

Total Deferred Tax Liabilities

4,785 
3,795 

Net Deferred Tax Assets

$
32,737 
$
32,219 

 

Summary Of Income Tax Expense

 

 

 

 

(in thousands)

2012

2011

2010

 

 

Current:

 

 

 

Federal

15,509 
20,052 
17,147 

State

2,259 
2,809 
2,541 

Total current

17,768 
22,861 
19,688 

 

 

 

 

Total deferred

2,530 
(2,290)
(1,235)

Income tax expense

20,298 
20,571 
18,453 

 

Reconciliation Of The Significant Differences Between The Federal Statutory Income Tax Rate And Effective Income Tax Rate

 

 

 

 

(in thousands)

2012

2011

2010

 

 

 

 

Computed federal taxes at statutory rate

20,735 
21,437 
20,096 

State income taxes, net of federal tax benefit

1,591 
1,654 
1,586 

Tax effects of:

 

 

 

Tax-exempt interest income

(712)
(785)
(804)

Bank-owned life insurance

(1,044)
(1,172)
(1,269)

Tax reserve adjustment

(70)
(85)

Other items, net

(280)
(493)
(1,071)

Income tax expense

20,298 
20,571 
18,453 

 

Reconciliatoin Of The Unrecognized Tax Benefits Rollforward

 

 

 

(in thousands)

2012

2011

 

 

 

Balance at January 1,

3,649 
3,645 

Additions for current year tax positions

727 
866 

Additions for prior year tax positions

 -

 -

Decreases for prior year tax positions

 -

(862)

Decreases for settlements with tax authorities

 -

 -

Decreases related to lapse of applicable statute of limitation

 -

 -

Balance at December 31

4,376 
3,649