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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2012
Income Taxes [Abstract]  
Schedule Of Components Of Income Tax Expense (Benefit)

 

 

 

 

 

 

 

 

 

 

 

Current

 

 

Deferred

 

 

Total

YEAR ENDED DECEMBER 31, 2012:

 

 

 

 

 

 

 

 

 Federal

$

44,268 

 

$

(426)

 

$

43,842 

 State

 

2,632 

 

 

6,847 

 

 

9,479 

 

$

46,900 

 

$

6,421 

 

$

53,321 

YEAR ENDED DECEMBER 31, 2011:

 

 

 

 

 

 

 

 

 Federal

$

29,932 

 

$

(40)

 

$

29,892 

 State

 

4,810 

 

 

2,040 

 

 

6,850 

 

$

34,742 

 

$

2,000 

 

$

36,742 

YEAR ENDED DECEMBER 31, 2010:

 

 

 

 

 

 

 

 

 Federal

$

(1,714)

 

$

6,364 

 

$

4,650 

 State

 

3,126 

 

 

(1,971)

 

 

1,155 

 

$

1,412 

 

$

4,393 

 

$

5,805 

 

Schedule Of Reconciliation Of Income Taxes

 

 

 

 

 

 

 

 

 

 

 

2012

 

 

2011

 

 

2010

Statutory Federal income tax rate

 

35.0% 

 

 

35.0% 

 

 

35.0% 

State tax, net of Federal income tax

 

4.4% 

 

 

3.8% 

 

 

2.5% 

Tax-exempt income

 

-3.0%

 

 

-3.7%

 

 

-13.6%

Tax credits

 

-1.1%

 

 

-1.5%

 

 

-5.5%

Other

 

-0.9%

 

 

-0.6%

 

 

-1.4%

   Effective income tax rate

 

34.4% 

 

 

33.0% 

 

 

17.0% 

 

Components Of The Net Deferred Tax (Liabilities) Assets

 

 

 

 

 

 

 

 

2012

 

 

2011

DEFERRED TAX ASSETS:

 

 

 

 

 

 Allowance for loan and lease losses

$

33,782 

 

$

36,221 

 Covered loans

 

28,610 

 

 

38,812 

 Accrued severance and deferred compensation

 

13,376 

 

 

10,976 

 Covered other real estate owned

 

5,120 

 

 

6,284 

 Non-covered loans

 

4,759 

 

 

2,607 

 Tax credits

 

3,655 

 

 

6,815 

 Discount on trust preferred securities

 

2,450 

 

 

2,535 

 Non-covered other real estate owned

 

1,974 

 

 

6,566 

 Basis differences of stock and securities

 

1,527 

 

 

2,335 

 Net operating loss carryforwards

 

 -

 

 

1,291 

 Other

 

10,725 

 

 

9,826 

   Total gross deferred tax assets

 

105,978 

 

 

124,268 

 

 

 

 

 

 

DEFERRED TAX LIABILITIES:

 

 

 

 

 

 FDIC indemnification asset

 

25,912 

 

 

45,817 

 Fair market value adjustment on junior subordinated debentures

 

19,567 

 

 

20,099 

 Unrealized gain on investment securities

 

16,306 

 

 

22,713 

 Mortgage servicing rights

 

10,847 

 

 

7,058 

 Premises and equipment depreciation

 

8,834 

 

 

8,789 

 Deferred loan fees

 

5,706 

 

 

4,983 

 Intangibles

 

5,161 

 

 

4,928 

 Leased assets

 

3,930 

 

 

4,251 

 Other

 

6,186 

 

 

6,063 

   Total gross deferred tax liabilities

 

102,449 

 

 

124,701 

 

 

 

 

 

 

Net deferred tax assets (liabilities)

$

3,529 

 

$

(433)

 

Schedule Of Company's Unrecognized Tax Benefits

 

 

 

 

 

 

 

 

2012

 

 

2011

Balance, beginning of period

$

550 

 

$

589 

Effectively settled positions

 

(39)

 

 

 -

Changes for tax positions of prior years

 

87 

 

 

(39)

Balance, end of period

$

598 

 

$

550