Parent Company Condensed Financial Information (Tables)

12 Months Ended

Dec. 31, 2012

Parent Company Condensed Financial Information [Abstract]

Parent Company Statements of Financial Condition

	At December 31,
(Dollars in thousands)	2012		2011
Statements of Financial Condition
Assets:
Cash and cash equivalents	$	18,245	$	32,050
Investment in subsidiary banks		293,573		343,084
Investments in other subsidiaries		9,355		9,294
Investment securities, available for sale		2,462		1,986
Other assets		8,391		5,547
Total	$	332,026	$	391,961
Liabilities:
Subordinated debentures		81,963		81,963
Other liabilities		4,007		8,409
Shareholders' Equity:
Preferred stock and related accounts		-		68,455
Common stock and related accounts		246,056		233,134
Total	$	332,026	$	391,961

Parent Company Statements of Operations

	For the Year Ended December 31,
(Dollars in thousands)	2012		2011		2010
Statements of Operations
Income:
Cash dividends from subsidiaries	$	70,175	$	160	$	159
Noninterest income		595		774		802
Investment income		340		31		352
Other operating income		-		45		-
Security gains		-		-		13
Total income		71,110		1,010		1,326
Expense:
Interest on subordinated debentures		5,463		5,306		5,289
Noninterest expense		3,187		2,107		1,263
Total expense		8,650		7,413		6,552
Total income (loss) before taxes and equity in
undistributed income of subsidiaries		62,460		(6,403)		(5,226)
Taxes on income		(2,900)		(2,563)		(1,991)
Income (loss) before equity in undistributed
income of subsidiaries		65,360		(3,840)		(3,235)
Equity in undistributed income (loss) of subsidiaries		(49,173)		(64,455)		14,602
Net income (loss)	$	16,187	$	(68,295)	$	11,367

Parent Company Statements of Cash Flows

	For the Year Ended December 31,
(Dollars in thousands)	2012		2011		2010
Statements of Cash Flows
Operating activities:
Net income	$	16,187	$	(68,295)	$	11,367
Equity in undistributed income of subsidiaries		49,173		64,455		(14,602)
Other, net		(5,437)		499		1,310
Net cash provided by (used in) operating activities		59,923		(3,341)		(1,925)
Investing activities:
Available for sale securities:
Purchases		(247)		(724)		(180)
Sales / Maturities		-		46		13
Capital contribution to Banks		-		-		(25,000)
Investment in/capital contribution to other subsidiaries		-		-		-
Return of capital/advances from other subsidiaries		-		-		70
Net cash used in investing activities		(247)		(678)		(25,097)
Financing activities:
Net increase (decrease) in short-term borrowings		-		-		-
Net proceeds from issuance of common stock		925		278		54,497
Proceeds from issuance of subordinated debentures		-		-		-
Proceeds from issuance of preferred stock		-		-		-
Preferred stock dividend		(74,330)		(1,751)		(3,851)
Common stock dividends		-		-		-
Other, net		(76)		-		-
Net cash provided by (used in) financing activities		(73,481)		(1,473)		50,646
Net increase (decrease) in cash and cash equivalents		(13,805)		(5,492)		23,624
Cash and cash equivalents,
Beginning of year		32,050		37,542		13,918
End of year	$	18,245	$	32,050	$	37,542