PARENT COMPANY FINANCIAL STATEMENTS

12 Months Ended

Dec. 31, 2012

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Parent Company Financial Statements

PARENT COMPANY FINANCIAL STATEMENTS

Parent Company

Condensed Balance Sheets

December 31, 2012, and 2011

	2012		2011
Assets
Cash	$	2,131	$	10,765
Investment securities	237,765		235,617
Investment in subsidiaries	1,969,600		2,031,229
Due from subsidiaries	78,512		120,836
Other assets	83,283		114,852
Total assets	$	2,371,291	$	2,513,299
Liabilities and Shareholders’ Equity
Short-term borrowings	$	399,047	$	375,396
Long-term obligations	96,392		251,697
Other liabilities	11,845		25,078
Shareholders’ equity	1,864,007		1,861,128
Total liabilities and shareholders’ equity	$	2,371,291	$	2,513,299

Parent Company

Condensed Income Statements

For the Years Ended December 31, 2012, 2011, and 2010

	2012			2011			2010
Interest income	$	1,353		$	1,345		$	1,524
Interest expense	15,435			21,512			22,633
Net interest loss	(14,082		)	(20,167		)	(21,109		)
Dividends from subsidiaries	179,588			82,812			50,424
Other income (loss)	2,843			9,699			(314		)
Other operating expense	6,384			5,298			2,343
Income before income tax benefit and equity in undistributed net income of subsidiaries	161,965			67,046			26,658
Income tax benefit	(8,417		)	(5,531		)	(8,343		)
Income before equity in undistributed net income of subsidiaries	170,382			72,577			35,001
(Excess distributions) equity in undistributed net income of subsidiaries	(36,034		)	122,451			158,043
Net income	$	134,348		$	195,028		$	193,044

Parent Company

Condensed Statements of Cash Flows

Years Ended December 31, 2012, 2011, and 2010

	2012			2011			2010
OPERATING ACTIVITIES
Net income	$	134,348		$	195,028		$	193,044
Adjustments
Excess distributions (undistributed) net income of subsidiaries	36,034			(122,451		)	(158,043		)
Net amortization of premiums and discounts	439			203			(113		)
Gain on retirement of long term obligations	—			(9,685		)	—
Securities (gains) losses	(2,274		)	(62		)	(44		)
Other than temporary impairment on securities	45			26			421
Change in other assets	30,761			(20,951		)	(30,443		)
Change in other liabilities	(10,148		)	(1,925		)	1,409
Net cash provided by operating activities	189,205			40,183			6,231
INVESTING ACTIVITIES
Net change in due from subsidiaries	42,323			146,463			59,249
Purchases of investment securities	(111,409		)	(220,387		)	(75,180		)
Proceeds from sales, calls, and maturities of securities	112,625			75,151			65,991
Investment in subsidiaries	9,298			—			(14,000		)
Net cash provided by investing activities	52,837			1,227			36,060
FINANCING ACTIVITIES
Net change in short-term borrowings	23,651			4,046			(24,227		)
Retirement of long-term obligations	(155,305		)	(11,815		)	—
Repurchase of common stock	(103,624		)	(24,387		)	—
Cash dividends paid	(15,398		)	(12,499		)	(12,521		)
Net cash used by financing activities	(250,676		)	(44,655		)	(36,748		)
Net change in cash	(8,634		)	(3,245		)	5,543
Cash balance at beginning of year	10,765			14,010			8,467
Cash balance at end of year	$	2,131		$	10,765		$	14,010
Cash payments for
Interest	$	25,574		$	20,677		$	22,003
Income taxes	66,453			91,465			187,183