Parent Company Financial Information (Tables)

12 Months Ended

Dec. 31, 2012

Parent Company Financial Information [Abstract]

Parent company financial information

Condensed Balance Sheets

	December 31,
(In thousands)	2012		2011
Assets
Cash and cash equivalents	$	23,095	$	2,454
Securities available for sale, at estimated fair value		12,866		9,825
Trading securities		3,371		2,550
Investment in subsidiaries, on equity basis		635,851		622,885
Other assets		48,324		48,153
Total assets	$	723,507	$	685,867
Liabilities and Stockholders' Equity
Total liabilities	$	141,234	$	147,757
Stockholders' equity		582,273		538,110
Total liabilities and stockholders' equity	$	723,507	$	685,867

Condensed Income Statements

	Years ended December 31,
(In thousands)	2012			2011			2010
Dividends from subsidiaries	$	79,175		$	54,400		$	12,000
Management fee from subsidiaries		78,665			69,430			68,228
Securities gains (losses)		442			(31	)		1,814
Interest, dividend and other income		720			628			1,136
Total revenue		159,002			124,427			83,178
Operating expense		79,015			75,254			72,436
Income before income tax benefit and equity in undistributed income of subsidiaries		79,987			49,173			10,742
Income tax (expense) benefit		(284	)		1,340			282
Dividends in excess of income (equity in undistributed income) of subsidiaries		(25,145	)		7,388			46,380
Net income	$	54,558		$	57,901		$	57,404

Statements of Cash Flow

	Years ended December 31,
(In thousands)	2012			2011			2010
Operating activities
Net income	$	54,558		$	57,901		$	57,404
Adjustments to reconcile net income to net cash provided by operating activities
Stock-based compensation		4,364			3,244			3,782
Gain (Loss) on sales of available-for-sale securities		442			31			(1,814	)
Dividends in excess of income (equity in undistributed income) of subsidiaries		25,145			(7,388	)		(46,380	)
Net change in other liabilities		(3,181	)		15,311			2,155
Net change in other assets		2,030			(11,607	)		(2,605	)
Net cash provided by operating activities		83,358			57,492			12,542
Investing activities
Purchases of available-for-sale securities		(4,163	)		(968	)		(1,745	)
Sales and maturities of available-for-sale securities		1,445			71			7,807
Net cash used in acquisitions		(14,612	)		-			-
Purchases of premises and equipment		(1,240	)		(1,656	)		(321	)
Net cash (used in) provided by investing activities		(18,570	)		(2,553	)		5,741
Financing activities
Proceeds from the issuance of shares to employee benefit plans and other stock plans		1,387			1,386			1,675
Payments on long-term debt		(3,340	)		(140	)		(135	)
Purchases of treasury shares		(15,490	)		(30,502	)		(477	)
Cash dividends and payments for fractional shares		(26,712	)		(27,063	)		(27,577	)
Excess tax benefit from exercise of stock options		8			341			140
Net cash used in financing activities		(44,147	)		(55,978	)		(26,374	)
Net increase (decrease) in cash and cash equivalents		20,641			(1,039	)		(8,091	)
Cash and cash equivalents at beginning of year		2,454			3,493			11,584
Cash and cash equivalents at end of year	$	23,095		$	2,454		$	3,493