CONDENSED PARENT COMPANY INFORMATION

12 Months Ended

Dec. 31, 2012

CONDENSED PARENT COMPANY INFORMATION [Abstract]

CONDENSED PARENT COMPANY INFORMATION

(25) CONDENSED PARENT COMPANY INFORMATION

The following condensed financial information reflects the accounts and transactions of the Company (excluding its subsidiaries) at the dates and for the years indicated:

Condensed Balance Sheets	December 31,
	2012		2011
Assets:	(In thousands)
Cash on deposit with subsidiary bank	$	114,394	$	17,100
Investment in subsidiaries		1,484,097		1,392,966
Other assets		13,398		15,173
Total assets	$	1,611,889	$	1,425,239
Liabilities and shareholders' equity:
Total liabilities	$	162,837	$	162,327
Shareholders' equity		1,449,052		1,262,912
Total liabilities and shareholders' equity	$	1,611,889	$	1,425,239

	Year Ended December 31,
Condensed Statements of Income	2012			2011		2010
	(In thousands)
Dividends from subsidiaries	$	-		$	23,000	$	89,500
Other operating income		1,253			268		837
Total income		1,253			23,268		90,337
Operating expenses		16,931			17,358		16,807
Income (loss) before tax benefit and equity in undistributed earnings		(15,678	)		5,910		73,530
Income tax benefit		5,732			6,050		6,102
Income (loss) before equity in undistributed earnings of subsidiaries		(9,946	)		11,960		79,632
Equity in undistributed (distributed) earnings of subsidiaries		94,241			25,609		(56,690	)
Net income	$	84,295		$	37,569	$	22,942

	Year Ended December 31,
Condensed Statements of Cash Flows	2012			2011			2010
	(In thousands)
Operating activities:
Net income	$	84,295		$	37,569		$	22,942
Adjustments to reconcile net income to net cash provided by operating activities		(95,231	)		(30,348	)		58,486
Net cash (used in) provided by operating activities		(10,936	)		7,221			81,428
Investing activities:
Net cash paid for acquisitions		-			-			-
Net cash used in investing activities		-			-			-
Financing activities:
Cash dividends		(3,778	)		(11,689	)		(73,458	)
Common stock transactions, net		112,008			2,596			464
Net cash provided by (used in) financing activities		108,230			(9,093	)		(72,994	)
Increase (decrease) in cash and cash equivalents		97,294			(1,872	)		8,434
Cash and cash equivalents at beginning of year		17,100			18,972			10,538
Cash and cash equivalents at end of year	$	114,394		$	17,100		$	18,972