CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY (Tables) (Parent company)

12 Months Ended

Dec. 31, 2012

Parent company

Condensed financial statements

Schedule of condensed balance sheets

	December 31,
Parent Company Only Condensed Balance Sheets	2012		2011
	(In thousands)
Assets:
Cash and due from banks	$	28,472	$	35,900
Investments in subsidiaries		649,656		625,494
Other assets		20,174		22,455
Total assets	$	698,302	$	683,849
Liabilities:
Subordinated debentures	$	108,250	$	129,271
Other liabilities		931		8,375
Total liabilities		109,181		137,646
Stockholders' equity		589,121		546,203
Total liabilities and stockholders' equity	$	698,302	$	683,849

Schedule of condensed statements of earnings (loss)

	Year Ended December 31,
Parent Company Only Condensed Statements of Earnings (Loss)	2012		2011		2010
	(In thousands)
Miscellaneous income	$	114	$	157	$	174
Dividends from Bank subsidiary		50,000		25,500		—
Total income		50,114		25,657		174
Interest expense		3,721		4,923		5,594
Operating expenses		3,979		8,255		9,665
Total expenses		7,700		13,178		15,259
Earnings (loss) before income taxes and equity in undistributed earnings of subsidiaries		42,414		12,479		(15,085	)
Income tax benefit		3,174		5,671		6,356
Earnings (loss) before equity in undistributed earnings (losses) of subsidiaries		45,588		18,150		(8,729	)
Equity in undistributed earnings (losses) of subsidiaries		11,213		32,554		(53,287	)
Net earnings (loss)	$	56,801	$	50,704	$	(62,016	)

Schedule of condensed statements of cash flows

	Year Ended December 31,
Parent Company Only Condensed Statements of Cash Flows	2012			2011			2010
	(In thousands)
Cash flows from operating activities:
Net earnings (loss)	$	56,801		$	50,704		$	(62,016	)
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities:
Change in other assets		711			(4,533	)		(6,002	)
Change in liabilities		(4,122	)		6,262			(2,650	)
Tax effect in stockholders' equity of restricted stock vesting		(102	)		501			909
Earned stock compensation		715			3,551			4,174
Equity in undistributed (earnings) losses of subsidiaries		(11,213	)		(32,554	)		53,287
Net cash provided by (used in) operating activities		42,790			23,931			(12,298	)
Cash flows from investing activities:
Purchases of securities available-for-sale		(1,500	)		(2,580	)		—
Net increase in investment in subsidiaries		—			—			(30,000	)
Net cash used in investing activities		(1,500	)		(2,580	)		(30,000	)
Cash flows from financing activities:
Redemption of subordinated debentures		(18,558	)		—			—
Net proceeds from issuance of common stock		—			—			26,587
Tax effect in stockholders' equity of restricted stock vesting		102			(501	)		(909	)
Restricted stock surrendered		(1,475	)		(1,465	)		(1,831	)
Cash dividends paid		(28,787	)		(7,626	)		(1,445	)
Net cash (used in) provided by financing activities		(48,718	)		(9,592	)		22,402
Net increase (decrease) in cash and cash equivalents		(7,428	)		11,759			(19,896	)
Cash and cash equivalents, beginning of year		35,900			24,141			44,037
Cash and cash equivalents, end of year	$	28,472		$	35,900		$	24,141