Income Taxes (Tables)

12 Months Ended

Dec. 31, 2011

Income Taxes [Abstract]

Components Of The Corporation's Deferred Tax Assets And Liabilities

December 31 (In thousands)	2011		2010
Deferred tax assets:
Allowance for loan losses	$	23,956	$	52,418
Accumulated other comprehensive loss – Interest rate swap		296		572
Accumulated other comprehensive loss – pension plan		11,283		8,576
Intangible assets		1,523		2,156
Deferred compensation		3,733		4,123
OREO devaluations		6,364		7,171
State net operating loss carryforwards		-		2,812
Other		5,220		4,988
Loans held for sale fair value adjustment		4,585		-
Tax credit carryforwards		1,269		-
Valuation allowance		-		(1,491	)
Total deferred tax assets	$	58,229	$	81,325
Deferred tax liabilities:
Accumulated other comprehensive income – Unrealized gains on securities	$	6,824	$	8,142
Deferred investment income		10,199		10,199
Pension plan		21,567		16,835
Mortgage servicing rights		3,255		3,671
Purchase accounting adjustments		943		2,150
Other		2,006		2,176
Total deferred tax liabilities	$	44,794	$	43,173
Net deferred tax assets	$	13,435	$	38,152

Components Of The Provision For Federal And State Income Taxes

December 31, (In thousands)	2011			2010			2009
Currently payable
Federal	$	5,949		$	26,130		$	32,148
State		-			109			(273	)
Deferred
Federal		22,378			(8,333	)		(6,745	)
State		8,382			(3,564	)		(2,187	)
Valuation allowance
Federal		-			-			-
State		(2,294	)		2,294			-
Total	$	34,415		$	16,636		$	22,943

Reconciliation Of Federal Income Tax Expense

December 31	2011			2010			2009
Statutory federal corporate tax rate		35.0	%		35.0	%		35.0	%
Changes in rates resulting from:
Tax exempt interest income, net of disallowed interest		(1.0	)%		(1.7	)%		(1.3	)%
Bank owned life insurance		(1.5	)%		(2.3	)%		(1.8	)%
Tax credits (low income housing)		(5.2	)%		(6.7	)%		(4.8	)%
State income tax expense, net of federal benefit		4.7	%		(3.0	)%		(1.6	)%
Valuation allowance, net of federal benefit		(1.3	)%		2.0	%		-
Other		(1.2	)%		(1.0	)%		(1.9	)%
Effective tax rate		29.5	%		22.3	%		23.6	%

Reconciliation Of The Beginning And Ending Amount Of Unrecognized Tax Benefits

(In thousands)	2011			2010			2009
January 1 Balance	$	477		$	595		$	783
Additions based on tax positions related to the current year		70			69			64
Additions for tax positions of prior years		1			7			----
Reductions for tax positions of prior  years		(3	)		(131	)		(189	)
Reductions due to statute of limitations		(60	)		(63	)		(63	)
December 31 Balance	$	485		$	477		$	595