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Parent Company Statements (Tables) | 12 Months Ended
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Dec. 31, 2013
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Balance Sheets |
Balance Sheets
December 31, 2013 and 2012
(In thousands) |  | 2013 |  | 2012
Assets: |  |  |  |
Cash |  | $ | 106,942 |  |  | $ | 98,726 |
Investment in subsidiaries |  | 582,992 |  |  | 589,523 |
Debentures receivable from PNB |  | 25,000 |  |  | 30,000 |
Other investments |  | 2,297 |  |  | 2,133 |
Other assets |  | 21,984 |  |  | 19,639 |
Total assets |  | $ | 739,215 |  |  | $ | 740,021 |
Liabilities: |  |  |  |
Subordinated notes |  | 80,250 |  |  | 80,250 |
Other liabilities |  | 7,218 |  |  | 9,405 |
Total liabilities |  | 87,468 |  |  | 89,655 |
Total shareholders’ equity |  | 651,747 |  |  | 650,366 |
Total liabilities and shareholders’ equity |  | $ | 739,215 |  |  | $ | 740,021 |
Statements of Income |
Statements of Income
for the years ended December 31, 2013, 2012 and 2011
(In thousands) |  | 2013 |  | 2012 |  | 2011
Income: |  |  |  |  |  |
Dividends from subsidiaries |  | $ | 15,000 |  |  | $ | 197,000 |  |  | $ | 105,000 |
Interest and dividends |  | 8,659 |  |  | 10,027 |  |  | 5,643 |
Other |  | 531 |  |  | 232 |  |  | 385 |
Total income |  | 24,190 |  |  | 207,259 |  |  | 111,028 |
Expense: |  |  |  |  |  |
Other, net |  | 13,413 |  |  | 11,869 |  |  | 10,639 |
Total expense |  | 13,413 |  |  | 11,869 |  |  | 10,639 |
Income before federal taxes and equity in undistributed income (losses) of subsidiaries |  | 10,777 |  |  | 195,390 |  |  | 100,389 |
Federal income tax benefit |  | 2,826 |  |  | 1,806 |  |  | 3,016 |
Income before equity in undistributed income (losses) of subsidiaries |  | 13,603 |  |  | 197,196 |  |  | 103,405 |
Equity in undistributed income (losses) of subsidiaries |  | 63,624 |  |  | (118,566 | ) |  | (21,265 | )
Net income |  | $ | 77,227 |  |  | $ | 78,630 |  |  | $ | 82,140 |
Statements of Cash Flows |
Statements of Cash Flows
for the years ended December 31, 2013, 2012 and 2011
(In thousands) |  | 2013 |  | 2012 |  | 2011
Operating activities: |  |  |  |  |  |
Net income |  | $ | 77,227 |  |  | $ | 78,630 |  |  | $ | 82,140 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |
Undistributed (income)/losses of subsidiaries |  | (63,624 | ) |  | 118,566 |  |  | 21,265 |
Compensation expense for issuance of treasury stock to directors |  | 850 |  |  | 407 |  |  | — |
Decrease in other assets |  | (2,215 | ) |  | 5,748 |  |  | 8,268 |
Increase (decrease) in other liabilities |  | (3,030 | ) |  | 1,724 |  |  | (7,875 | )
Net cash provided by operating activities |  | 9,208 |  |  | 205,075 |  |  | 103,798 |
Investing activities: |  |  |  |  |  |
Purchase of investment securities |  | — |  |  | — |  |  | (250 | )
Capital contribution to subsidiary |  | (45,000 | ) |  | (45,000 | ) |  | (36,000 | )
Purchase of debentures receivable from subsidiaries |  | — |  |  | (115,000 | ) |  | (30,000 | )
Repayment of debentures receivable from subsidiaries |  | 101,960 |  |  | 52,000 |  |  | — |
Net cash provided by (used in) investing activities |  | 56,960 |  |  | (108,000 | ) |  | (66,250 | )
Financing activities: |  |  |  |  |  |
Cash dividends paid |  | (57,949 | ) |  | (60,154 | ) |  | (62,907 | )
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 |  | (3 | ) |  | (2 | ) |  | (2 | )
Net cash used in financing activities |  | (57,952 | ) |  | (132,999 | ) |  | (62,909 | )
Increase/(decrease) in cash |  | 8,216 |  |  | (35,924 | ) |  | (25,361 | )
Cash at beginning of year |  | 98,726 |  |  | 134,650 |  |  | 160,011 |
Cash at end of year |  | $ | 106,942 |  |  | $ | 98,726 |  |  | $ | 134,650 |

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