XML 76 R18.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Junior Subordinated Debt | 3 Months Ended
--- | ---
Mar. 31, 2012
Junior Subordinated Debt [Abstract] |
Junior Subordinated Debt | JUNIOR SUBORDINATED DEBT The Corporation has four unconsolidated subsidiary trusts (collectively, the Trusts): F.N.B. Statutory Trust I, F.N.B. Statutory Trust II, Omega Financial Capital Trust I and Sun Bancorp Statutory Trust I. One hundred percent of the common equity of each Trust is owned by the Corporation. The Trusts were formed for the purpose of issuing Corporation-obligated mandatorily redeemable capital securities (TPS) to third-party investors. The proceeds from the sale of TPS and the issuance of common equity by the Trusts were invested in junior subordinated debt securities (subordinated debt) issued by the Corporation, which are the sole assets of each Trust. Since third-party investors are the primary beneficiaries, the Trusts are not consolidated in the Corporation's financial statements. The Trusts pay dividends on the TPS at the same rate as the distributions paid by the Corporation on the junior subordinated debt held by the Trusts. Omega Financial Capital Trust I and Sun Bancorp Statutory Trust I were acquired as a result of a previous acquisition. Distributions on the subordinated debt issued to the Trusts are recorded as interest expense by the Corporation. The TPS are subject to mandatory redemption, in whole or in part, upon repayment of the subordinated debt. The TPS are eligible for redemption, at any time, at the Corporation's discretion. The subordinated debt, net of the Corporation's investment in the Trusts, qualifies as Tier 1 capital under the Board of Governors of the Federal Reserve System (FRB) guidelines. The Corporation has entered into agreements which, when taken collectively, fully and unconditionally guarantee the obligations under the TPS subject to the terms of each of the guarantees. The following table provides information relating to the Trusts as of March 31, 2012:
|  | F.N.B. Statutory Trust I |  |  | F.N.B. Statutory Trust II |  |  | Omega Financial Capital Trust I |  |  | Sun Bancorp Statutory Trust I |
Trust preferred securities |  | $ | 125,000 |  |  | $ | 21,500 |  |  | $ | 36,000 |  |  | $ | 16,500 |
Common securities |  |  | 3,866 |  |  |  | 665 |  |  |  | 1,114 |  |  |  | 511 |
Junior subordinated debt |  |  | 128,866 |  |  |  | 22,165 |  |  |  | 35,938 |  |  |  | 17,011 |
Stated maturity date |  |  | 3/31/33 |  |  |  | 6/15/36 |  |  |  | 10/18/34 |  |  |  | 2/22/31 |
Interest rate |  |  | 3.83 | % |  |  | 2.12 | % |  |  | 2.75 | % |  |  | 10.20 | %
|  |  | variable; LIBOR plus 325 basis points |  |  |  | variable; LIBOR plus 165 basis points |  |  |  | variable; LIBOR plus 219 basis points |

X
- Definition Junior subordinated debenture owed to unconsolidated subsidiary trust. + References No definition available. + Details
Name: | fnb_JuniorSubordinatedDebentureOwedToUnconsolidatedSubsidiaryTrustTextBlock
Namespace Prefix: | fnb_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_SubordinatedBorrowingsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration