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International Bancshares Corporation (Parent Company Only) Financial Information Statements of Income
 12 Months Ended
Dec. 31, 2012
International Bancshares Corporation (Parent Company Only) Financial Information Statements of Income  
International Bancshares Corporation (Parent Company Only) Financial Information Statements of Income

(23) International Bancshares Corporation (Parent Company Only) Financial Information

Statements of Income
(Parent Company Only)

Years ended December 31, 2012, 2011 and 2010
(Dollars in Thousands)

 
   2012   2011   2010  

Income:

                    

Dividends from subsidiaries

   $ 229,250   $ 54,800   $ 51,720  

Interest income on notes receivable

     27     19     5  

Interest income on other investments

     6,759     7,517     10,090  

Other interest income

     18     69     546  

Other

     686     41     (742 )
               

Total income

     236,740     62,446     61,619  

Expenses:

                    

Interest expense (Debentures)

     6,595     11,073     12,201  

Other

     3,867     6,543     3,408  
               

Total expenses

     10,462     17,616     15,609  
               

Income before federal income taxes and equity in undistributed net income of subsidiaries

     226,278     44,830     46,010  

Income tax benefit

    
(738
)		  
(3,513
)		  
(2,090
)
               

Income before equity in undistributed net income of subsidiaries

     227,016     48,343     48,100  

Equity in (distributed) undistributed net income of subsidiaries

    
(119,181
)		  
78,806		    
81,923		  
               

Net income

     107,835     127,149     130,023  
               

Preferred stock dividends and discount accretion

     14,362     13,280     13,126  
               

Net income available to common shareholders

   $ 93,473   $ 113,869   $ 116,897