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