Parent Company Financial Information

12 Months Ended

Dec. 31, 2011

Parent Company Financial Information [Abstract]

Parent Company Financial Information

(20)  Parent Company Financial Information

Condensed Balance Sheets

	December 31,
(In thousands)	2011		2010
Assets
Cash and cash equivalents	$	2,454	$	3,493
Securities available for sale, at estimated fair value		9,825		9,190
Trading securities		2,550		2,273
Investment in subsidiaries, on equity basis		622,885		609,260
Other assets		48,153		41,942
Total assets	$	685,867	$	666,158
Liabilities and Stockholders' Equity
Total liabilities	$	147,757	$	132,586
Stockholders' equity		538,110		533,572
Total liabilities and stockholders' equity	$	685,867	$	666,158

Condensed Income Statements

	Years ended December 31,
(In thousands)	2011			2010		2009
Dividends from subsidiaries	$	54,400		$	12,000	$	9,000
Management fee from subsidiaries		69,430			68,228		65,596
Securities (losses) gains		(31	)		1,814		141
Interest, dividend and other income		628			1,136		869
Total revenue		124,427			83,178		75,606
Operating expense		75,254			72,436		73,687
Income before income tax benefit and equity in undistributed income of subsidiaries		49,173			10,742		1,919
Income tax benefit		1,340			282		1,994
Equity in undistributed income of subsidiaries		7,388			46,380		48,098
Net income	$	57,901		$	57,404	$	52,011

Statements of Cash Flow

	Years ended December 31,
(In thousands)	2011			2010			2009
Operating activities
Net income	$	57,901		$	57,404		$	52,011
Adjustments to reconcile net income to net cash provided by operating activities
Stock-based compensation		3,244			3,782			3,133
Loss (Gain) on sales of available-for-sale securities		31			(1,814	)		(141	)
Equity in undistributed income of subsidiaries		(7,388	)		(46,380	)		(48,098	)
Net change in other liabilities		15,311			2,155			(3,662	)
Net change in other assets		(11,607	)		(2,605	)		3,632
Net cash provided by operating activities		57,492			12,542			6,875
Investing activities
Purchases of available-for-sale securities		(968	)		(1,745	)		(2,173	)
Sales and maturities of available-for-sale securities		71			7,807			494
Purchases of premises and equipment		(1,656	)		(321	)		(600	)
Net cash provided by (used in) investing activities		(2,553	)		5,741			(2,279	)
Financing activities
Proceeds from the issuance of shares to employee benefit plans and other stock plans		1,386			1,675			2,728
Payments on long-term debt		(140	)		(135	)		(12,625	)
Proceeds from the issuance of common stock		-			-			33,401
Purchases of treasury shares		(30,502	)		(477	)		-
Cash dividends and payments for fractional shares		(27,063	)		(27,577	)		(27,119	)
Excess tax benefit from exercise of stock options		341			140			(243	)
Net cash used in financing activities		(55,978	)		(26,374	)		(3,858	)
Net (decrease) increase in cash and cash equivalents		(1,039	)		(8,091	)		738
Cash and cash equivalents at beginning of year		3,493			11,584			10,846
Cash and cash equivalents at end of year	$	2,454		$	3,493		$	11,584

A statement of changes in stockholders' equity has not been presented since it is the same as the consolidated statement of changes in stockholders' equity previously presented.