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Consolidated Statements of Shareholders' Equity (USD $)
In Thousands, except Share data, unless otherwise specified
Total
PREFERRED STOCK
ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)
COMMON STOCK
VALUE OF SHARES HELD IN RABBI TRUST
DEFERRED COMPENSATION OBLIGATION
ADDITIONAL PAID-IN CAPITAL
RETAINED EARNINGS
Beginning balance at Dec. 31, 2008 $ 305,274 $ 0 $ (9,870) $ 163 $ (2,267) $ 2,267 $ 137,488 $ 177,493
Beginning balance, shares at Dec. 31, 2008       16,301,405        
CUMULATIVE EFFECT ACCOUNTING ADJUSTMENT, NET OF TAX (1) [1]     (3,823)         3,823
COMPREHENSIVE INCOME:                
Net Income 22,989             22,989
Change in Unrealized Gain on Securities Available For Sale, Net of Tax and Realized Gains/(Losses)     9,588          
Change in Fair Value of Cash Flow Hedges, Net of Tax and Realized Gains/(Losses)     7,446          
Amortization of Prior Service Cost, net of tax     (588)          
Other Comprehensive (Loss) Income 16,446   16,446          
TOTAL COMPREHENSIVE INCOME 39,435              
DIVIDENDS DECLARED:                
COMMON DIVIDEND DECLARED ($0.72 PER SHARE in 2009 and 2010 and $0.76 PER SHARE in 2011) (14,315)             (14,315)
Preferred Declared (2) [2] (5,698)             (5,698)
COMMON STOCK ISSUED FOR ACQUISITION, shares       4,624,948        
COMMON STOCK ISSUED FOR ACQUISITION 84,498     46     84,452  
PROCEEDS FROM EXERCISE OF STOCK OPTIONS, shares       23,400        
PROCEEDS FROM EXERCISE OF STOCK OPTIONS 307             307
TAX BENEFIT/EXPENSE RELATED TO EQUITY AWARD ACTIVITY (3)           (3)  
EQUITY BASED COMPENSATION 774           774  
RESTRICTED SHARED ISSUED, NET OF AWARDS SURRENDERED, shares       122,443        
RESTRICTED SHARED ISSUED, NET OF AWARDS SURRENDERED (3)           (3)  
DEFERRED COMPENSATION OBLIGATION         (215) 215    
ISSUANCE OF PREFERRED STOCK AND WARRANTS 78,158 73,578         4,580  
REDEMPTION OF PREFERRED STOCK AND WARRANTS (75,778) (73,578)         (2,200)  
Ending balance at Dec. 31, 2009 412,649 0 2,753 209 (2,482) 2,482 225,088 184,599
Ending balance, shares at Dec. 31, 2009       21,072,196        
COMPREHENSIVE INCOME:                
Net Income 40,240             40,240
Change in Unrealized Gain on Securities Available For Sale, Net of Tax and Realized Gains/(Losses)     1,912          
Change in Fair Value of Cash Flow Hedges, Net of Tax and Realized Gains/(Losses)     (5,549)          
Amortization of Prior Service Cost, net of tax     118          
Other Comprehensive (Loss) Income (3,519)   (3,519)          
TOTAL COMPREHENSIVE INCOME 36,721              
DIVIDENDS DECLARED:                
COMMON DIVIDEND DECLARED ($0.72 PER SHARE in 2009 and 2010 and $0.76 PER SHARE in 2011) (15,261)             (15,261)
PROCEEDS FROM EXERCISE OF STOCK OPTIONS, shares       44,930        
PROCEEDS FROM EXERCISE OF STOCK OPTIONS 743     1       742
TAX BENEFIT/EXPENSE RELATED TO EQUITY AWARD ACTIVITY 68           68  
EQUITY BASED COMPENSATION 1,666           1,666  
RESTRICTED SHARED ISSUED, NET OF AWARDS SURRENDERED, shares       103,675        
RESTRICTED SHARED ISSUED, NET OF AWARDS SURRENDERED (114)           (114)  
DEFERRED COMPENSATION OBLIGATION         (256) 256    
Ending balance at Dec. 31, 2010 436,472 0 (766) 210 (2,738) 2,738 226,708 210,320
Ending balance, shares at Dec. 31, 2010 21,220,801     21,220,801        
COMPREHENSIVE INCOME:                
Net Income 45,436             45,436
Change in Unrealized Gain on Securities Available For Sale, Net of Tax and Realized Gains/(Losses)     269          
Change in Fair Value of Cash Flow Hedges, Net of Tax and Realized Gains/(Losses)     (3,823)          
Amortization of Prior Service Cost, net of tax     (166)          
Other Comprehensive (Loss) Income (3,720)   (3,720)          
TOTAL COMPREHENSIVE INCOME 41,716              
DIVIDENDS DECLARED:                
COMMON DIVIDEND DECLARED ($0.72 PER SHARE in 2009 and 2010 and $0.76 PER SHARE in 2011) (16,304)             (16,304)
PROCEEDS FROM EXERCISE OF STOCK OPTIONS, shares       186,518        
PROCEEDS FROM EXERCISE OF STOCK OPTIONS 4,127     2     4,125  
TAX BENEFIT/EXPENSE RELATED TO EQUITY AWARD ACTIVITY 20           20  
EQUITY BASED COMPENSATION 2,483           2,483  
RESTRICTED SHARED ISSUED, NET OF AWARDS SURRENDERED, shares       60,495        
RESTRICTED SHARED ISSUED, NET OF AWARDS SURRENDERED (361)           (361)  
DEFERRED COMPENSATION OBLIGATION         (242) 242    
SHARES ISSUED UNDER DIRECT STOCK PURCHASE PLAN, shares       31,954        
SHARES ISSUED UNDER DIRECT STOCK PURCHASE PLAN 824     1     823  
TAX BENEFIT RELATED TO DEFERRED COMPENSATION DISTRIBUTIONS 80           80  
Ending balance at Dec. 31, 2011 $ 469,057 $ 0 $ (4,486) $ 213 $ (2,980) $ 2,980 $ 233,878 $ 239,452
Ending balance, shares at Dec. 31, 2011 21,499,768     21,499,768        
[1] Represents reclassification of the non-credit related component of previously recorded Other-Than-Temporary impairment, pursuant to the provisions of the Investments-Debt and Equity Securities Topic of FASB ASC.
[2] Includes $196,000 accretion of discount on preferred stock and $4.4 million of deemed dividend associated with the Company's exit from the U.S. Treasury's Capital Purchase Program.