Condensed Financial Information of Parent Company (Tables)

12 Months Ended

Dec. 31, 2012

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