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Parent Company Statements (Tables) | 12 Months Ended
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Dec. 31, 2012
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Balance Sheets |
Balance Sheets
December 31, 2012 and 2011
(In thousands) |  | 2012 |  | 2011
Assets: |  |  |  |
Cash |  | $ | 98,726 |  |  | $ | 134,650 |
Investment in subsidiaries |  | 589,523 |  |  | 643,959 |
Debentures receivable from PNB |  | 30,000 |  |  | — |
Other investments |  | 2,133 |  |  | 2,280 |
Other assets |  | 19,639 |  |  | 19,406 |
Total assets |  | $ | 740,021 |  |  | $ | 800,295 |
Liabilities: |  |  |  |
Dividends payable |  | $ | — |  |  | $ | — |
Subordinated notes |  | 80,250 |  |  | 50,250 |
Other liabilities |  | 9,405 |  |  | 7,681 |
Total liabilities |  | 89,655 |  |  | 57,931 |
Total shareholders’ equity |  | 650,366 |  |  | 742,364 |
Total liabilities and shareholders’ equity |  | $ | 740,021 |  |  | $ | 800,295 |
Statements of Income |
Statements of Income
for the years ended December 31, 2012, 2011 and 2010
(In thousands) |  | 2012 |  | 2011 |  | 2010
Income: |  |  |  |  |  |
Dividends from subsidiaries |  | $ | 197,000 |  |  | $ | 105,000 |  |  | $ | 80,000 |
Interest and dividends |  | 10,027 |  |  | 5,643 |  |  | 4,789 |
Other |  | 232 |  |  | 385 |  |  | 411 |
Total income |  | 207,259 |  |  | 111,028 |  |  | 85,200 |
Expense: |  |  |  |  |  |
Other, net |  | 11,869 |  |  | 10,639 |  |  | 12,632 |
Total expense |  | 11,869 |  |  | 10,639 |  |  | 12,632 |
Income before federal taxes and equity in undistributed losses of subsidiaries |  | 195,390 |  |  | 100,389 |  |  | 72,568 |
Federal income tax benefit |  | 1,806 |  |  | 3,016 |  |  | 5,993 |
Income before equity in undistributed losses of subsidiaries |  | 197,196 |  |  | 103,405 |  |  | 78,561 |
Equity in undistributed losses of subsidiaries |  | (118,566 | ) |  | (21,265 | ) |  | (20,460 | )
Net income |  | $ | 78,630 |  |  | $ | 82,140 |  |  | $ | 58,101 |
Statements of Cash Flows |
Statements of Cash Flows
for the years ended December 31, 2012, 2011 and 2010
(In thousands) |  | 2012 |  | 2011 |  | 2010
Operating activities: |  |  |  |  |  |
Net income |  | $ | 78,630 |  |  | $ | 82,140 |  |  | $ | 58,101 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |
Undistributed losses of subsidiaries |  | 118,566 |  |  | 21,265 |  |  | 20,460 |
Decrease in other assets |  | 5,748 |  |  | 8,268 |  |  | 7,344 |
Increase (decrease) in other liabilities |  | 1,724 |  |  | (7,875 | ) |  | (3,763 | )
Net cash provided by operating activities |  | 204,668 |  |  | 103,798 |  |  | 82,142 |
Investing activities: |  |  |  |  |  |
Purchase of investment securities |  | — |  |  | (250 | ) |  | — |
Capital contribution to subsidiary |  | (45,000 | ) |  | (36,000 | ) |  | (52,000 | )
Purchase of debentures receivable from subsidiaries |  | (115,000 | ) |  | (30,000 | ) |  | — |
Repayment of debentures receivable from subsidiaries |  | 52,000 |  |  | — |  |  | 2,500 |
Net cash provided by (used in) investing activities |  | (108,000 | ) |  | (66,250 | ) |  | (49,500 | )
Financing activities: |  |  |  |  |  |
Cash dividends paid |  | (60,154 | ) |  | (62,907 | ) |  | (62,076 | )
Proceeds from issuance of common shares and warrants |  | 407 |  |  | — |  |  | 33,541 |
Payment to repurchase warrants |  | (2,843 | ) |  | — |  |  | — |
Payment to repurchase preferred shares |  | (100,000 | ) |  | — |  |  | — |
Proceeds from issuance of subordinated notes |  | 30,000 |  |  | — |  |  | — |
Cash payment for fractional shares |  | (2 | ) |  | (2 | ) |  | (4 | )
Net cash used in financing activities |  | (132,592 | ) |  | (62,909 | ) |  | (28,539 | )
(Decrease) increase in cash |  | (35,924 | ) |  | (25,361 | ) |  | 4,103 |
Cash at beginning of year |  | 134,650 |  |  | 160,011 |  |  | 155,908 |
Cash at end of year |  | $ | 98,726 |  |  | $ | 134,650 |  |  | $ | 160,011 |

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