Note 16 - Stockholders' Equity

6 Months Ended

Jun. 30, 2013

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

16. Stockholders’ Equity

Total equity was $1.54 billion at June 30, 2013, a decrease of $90.1 million, or 5.5%, from $1.63 billion at December 31, 2012, primarily due to the redemption on March 20, 2013, of $129 million, or 50%, of Bancorp’s Series B Preferred Stock issued under the U.S. Treasury's TARP Capital Purchase Program and increases in unrealized losses on securities available for sale of $15.5 million offset by increases of $59.1 million in net 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.

The accumulated other comprehensive loss as of June 30, 2013, was all from unrealized losses 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 and six months ended June 30, 2013, was as follows:

	Three months ended June 30, 2013									Six months ended June 30, 2013
	Pre-tax			Tax expense			Net-of-tax			Pre-tax			Tax expense			Net-of-tax
	(In thousands)
Beginning balance, net of tax							$	23,477								$	465
Net unrealized losses arising during the period	$	(54,334	)	$	(22,842	)	$	(31,492	)	$	(46,391	)	$	(19,503	)	$	(26,888	)
Reclassification adjustment for net securities losses included in net income		(12,177	)		(5,119	)		(7,058	)		(18,469	)		(7,764	)		(10,705	)
Net unrealized gains arising from transferring securities held-to-maturity to available-for-sale		-			-			-			38,052			15,997			22,055
Total other comprehensive income	$	(66,511	)	$	(27,961	)	$	(38,550	)	$	(26,808	)	$	(11,270	)	$	(15,538	)
Ending balance, net of tax							$	(15,073	)							$	(15,073	)