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Condensed Financial Information of Parent Company | 12 Months Ended
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Dec. 31, 2012
Condensed Financial Information of Parent Company | 24. CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY The parent company only condensed balance sheets as of December 31, 2012 and 2011 and the related condensed statements of earnings and condensed statements of cash flows for each of the three years ended December 31, are presented below: CONDENSED BALANCE SHEETS
|  | As of December 31, |
|  | 2012 |  |  | 2011 |
|  | (Dollars in thousands) |
Assets: |  |  |  |  |  |  |  |
Investment in subsidiaries |  | $ | 810,891 |  |  | $ | 808,358 |
Other assets, net |  |  | 19,745 |  |  |  | 31,428 |
Total assets |  | $ | 830,636 |  |  | $ | 839,786 |
Liabilities |  | $ | 67,666 |  |  | $ | 124,972 |
Stockholders’ equity |  |  | 762,970 |  |  |  | 714,814 |
Total liabilities and stockholders’ equity |  | $ | 830,636 |  |  | $ | 839,786 |
CONDENSED STATEMENTS OF EARNINGS
|  | For the Year Ended December 31, |
|  | 2012 |  |  | 2011 |  |  | 2010 |
|  | (Dollars in thousands) |
Excess in net earnings of subsidiaries |  | $ | (1,261 | ) |  | $ | 20,750 |  |  | $ | 25,278 |
Dividends from the Bank |  |  | 82,300 |  |  |  | 68,000 |  |  |  | 43,100 |
Other expense, net |  |  | (3,759 | ) |  |  | (7,017 | ) |  |  | (5,443 | )
Net earnings |  | $ | 77,280 |  |  | $ | 81,733 |  |  | $ | 62,935 |
CONDENSED STATEMENTS OF CASH FLOWS
|  | For the Year Ended December 31, |
|  | 2012 |  |  | 2011 |  |  | 2010 |
|  | (Dollars in thousands) |
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |
Net earnings |  | $ | 77,280 |  |  | $ | 81,733 |  |  | $ | 62,935 |
Adjustments to reconcile net earnings to cash used in by operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Earnings of subsidiaries |  |  | (81,039 | ) |  |  | (88,750 | ) |  |  | (68,378 | )
Tax settlement received from the Bank |  |  | 5,240 |  |  |  | — |  |  |  | 3,377 |
Stock based compensation |  |  | 2,039 |  |  |  | 2,214 |  |  |  | 2,197 |
Other operating activities, net |  |  | (1,717 | ) |  |  | (8,105 | ) |  |  | (3,586 | )
Total adjustments |  |  | (75,477 | ) |  |  | (94,641 | ) |  |  | (66,390 | )
Net cash provided by (used in) operating activities |  |  | 1,803 |  |  |  | (12,908 | ) |  |  | (3,455 | )
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |
Dividends received from the Bank |  |  | 82,300 |  |  |  | 68,000 |  |  |  | 43,100 |
Net cash provided by investing activities |  |  | 82,300 |  |  |  | 68,000 |  |  |  | 43,100 |
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |
Repayment of junior subordinated debentures |  |  | (48,043 | ) |  |  | — |  |  |  | — |
Cash dividends on common stock |  |  | (44,552 | ) |  |  | (35,805 | ) |  |  | (36,103 | )
Proceeds from exercise of stock options |  |  | 2,557 |  |  |  | 59 |  |  |  | 1,547 |
Tax benefit from exercise of stock options |  |  | 194 |  |  |  | 1 |  |  |  | 425 |
Repurchase of common stock |  |  | (54 | ) |  |  | (12,527 | ) |  |  | (5,169 | )
Net cash used in financing activities |  |  | (89,898 | ) |  |  | (48,272 | ) |  |  | (39,300 | )
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALIENTS |  |  | (5,795 | ) |  |  | 6,820 |  |  |  | 345 |
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR |  |  | 21,054 |  |  |  | 14,234 |  |  |  | 13,889 |
CASH AND CASH EQUIVALENTS, END OF YEAR |  | $ | 15,259 |  |  | $ | 21,054 |  |  | $ | 14,234 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 06 -Article 9 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 05 -Paragraph c -Article 7 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=7656940&loc=d3e5283-111683 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e24072-122690 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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