Income Taxes (Tables)

12 Months Ended

Dec. 31, 2011

Summary Of Income Tax Expense, Allocated Based On A Separate Tax Return Basis


Year Ended December 31	2011		2010		2009
Current income taxes:
Federal taxes	$	18,721	$	23,767	$	11,460
State taxes		354		97		115

		19,075		23,864		11,575
Deferred income taxes:
Federal taxes		12,929		3,943		(2,283	)
State taxes		—		77		(23	)

		12,929		4,020		(2,306	)

	$	32,004	$	27,884	$	9,269

Summary Of Reconciliation Between The Statutory Tax Rate And The Actual Effective Tax Rate


Year Ended December 31	2011			2010			2009
Statutory tax rate		35.0	%		35.0	%		35.0	%
Effect of tax-free interest and dividend income		(5.9	)		(6.0	)		(12.2	)
Tax credits and settlements		(1.9	)		(1.6	)		(3.7	)
Other items		(0.3	)		(0.2	)		(0.7	)

Actual effective tax rate		26.9	%		27.2	%		18.4	%

Summary Of Deferred Tax Assets And Liabilities From Tax Effects Of Temporary Differences


December 31	2011			2010
Deferred tax assets:
Allowance for loan losses	$	50,073		$	46,365
State net operating loss carryforwards		14,353			12,159
Deferred compensation		5,731			4,037
Securities impairments		5,885			6,764
Pension and other defined benefit plans		15,401			11,935
Net unrealized securities losses		1,868			2,072
Other		3,797			3,357

Total		97,108			86,689
Valuation allowance		(14,980	)		(14,176	)

Total deferred tax assets		82,128			72,513

Deferred tax liabilities:
Loan fees		(1,807	)		(1,303	)
Depreciation		(9,554	)		(7,118	)
Purchase accounting adjustments		(3,328	)		(8,780	)
Prepaid expenses		(724	)		(552	)
Intangibles		(1,096	)		(539	)
Lease financing		(4,309	)		(1,847	)
Other		(320	)		(168	)

Total deferred tax liabilities		(21,138	)		(20,307	)

Net deferred tax assets	$	60,990		$	52,206

Summary Of Reconciliation Of The Beginning And Ending Amount Of Unrecognized Tax Benefits


Year Ended December 31	2011			2010
Balance at beginning of year	$	2,481		$	3,042
Additions based on tax positions related to current year		82			77
Additions based on tax positions of prior year		—			4
Reductions for tax positions of prior years		(1,105	)		(1	)
Reductions due to expiration of statute of limitations		(82	)		(641	)

Balance at end of year	$	1,376		$	2,481

- Definition

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

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