Note 16 - Stockholders' Equity

3 Months Ended

Mar. 31, 2013

Stockholders' Equity Note Disclosure [Text Block]

16. Stockholders’ Equity

Total equity was $1.55 billion at March 31, 2013, a decrease of $79.9 million, or 4.9%, from $1.63 billion at December 31, 2012, primarily due to the redemption on March 20, 2013, of $129 million, or 50%, of the Bancorp’s Series B Preferred Stock issued under the U.S. Treasury's TARP Capital Purchase Program offset by increases of $29.0 million in net income and $23.0 million in other comprehensive income.  A $1.3 million noncash charge associated with the redemption of Series B Preferred Stock was reflected in net income available to common stockholders.

Accumulated other comprehensive income as of March 31, 2013, was all from unrealized gains on securities available-for-sale.  Activity in accumulated other comprehensive income, net of tax, and reclassification out of accumulated other comprehensive income for the three months ended March 31, 2013, was as follows:

	Three months ended March 31, 2013
	Pre-tax			Tax expense			Net-of-tax
	(In thousands)
Beginning balance, net of tax							$	465
Net unrealized gains arising during the period	$	7,947		$	3,343		$	4,604
Reclassification adjustment for net securities gains included in net income		(6,292	)		(2,645	)		(3,647	)
Net unrealized gains arising from transferring securities held-to-maturity to available-for-sale		38,052			15,997			22,055
Total other comprehensive income	$	39,707		$	16,695		$	23,012
Ending balance, net of tax							$	23,477