2011 Q4 Form 10-K Financial Statement

#000119312513084693 Filed on February 28, 2013

View on sec.gov

Income Statement

Concept 2011 Q4 2010 Q4 2010
Revenue $384.5M
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.900M $4.100M $17.30M
YoY Change -4.88% -8.89% -5.46%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $66.39M
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $54.60M $49.30M $191.8M
YoY Change 10.75% 6.94% 13.69%
Income Tax $18.20M $16.50M $64.09M
% Of Pretax Income 33.33% 33.47% 33.42%
Net Earnings $36.40M $32.80M $127.7M
YoY Change 10.98% 7.19% 14.13%
Net Earnings / Revenue 33.21%
Basic Earnings Per Share $2.74
Diluted Earnings Per Share $774.5K $700.9K $2.73
COMMON SHARES
Basic Shares Outstanding 46.62M shares
Diluted Shares Outstanding 46.83M shares

Balance Sheet

Concept 2011 Q4 2010 Q4 2010
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $213.4M $159.4M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $159.7M $159.0M $159.0M
YoY Change 0.41% 6.71% 6.71%
Goodwill $924.5M $924.3M
YoY Change 0.03%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $9.823B $9.477B $9.477B
YoY Change 3.65% 7.08% 7.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.000M $4.000M $4.000M
YoY Change -25.0% -42.86% -42.86%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $55.00M $61.00M $61.00M
YoY Change -9.84% -16.44% -38.38%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.000M $4.000M $4.000M
YoY Change -25.0% -42.86% -42.86%
LONG-TERM LIABILITIES
Long-Term Debt $85.00M $92.00M $92.00M
YoY Change -7.61% 0.0% 0.0%
Other Long-Term Liabilities $40.00M $38.00M $38.00M
YoY Change 5.26% -9.52% -9.52%
Total Long-Term Liabilities $125.0M $130.0M $130.0M
YoY Change -3.85% -2.99% -2.99%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.000M $4.000M $4.000M
Total Long-Term Liabilities $125.0M $130.0M $130.0M
Total Liabilities $8.255B $8.024B $8.024B
YoY Change 2.88% 7.0% 7.0%
SHAREHOLDERS EQUITY
Retained Earnings $623.9M
YoY Change
Common Stock $46.95M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $607.0K $607.0K
YoY Change 0.0%
Treasury Stock Shares 37.09K shares
Shareholders Equity $1.567B $1.452B $1.452B
YoY Change
Total Liabilities & Shareholders Equity $9.823B $9.477B $9.477B
YoY Change 3.65% 7.08% 7.08%

Cashflow Statement

Concept 2011 Q4 2010 Q4 2010
OPERATING ACTIVITIES
Net Income $36.40M $32.80M $127.7M
YoY Change 10.98% 7.19% 14.13%
Depreciation, Depletion And Amortization $3.900M $4.100M $17.30M
YoY Change -4.88% -8.89% -5.46%
Cash From Operating Activities $35.50M $29.00M $177.7M
YoY Change 22.41% -730.43% 141.43%
INVESTING ACTIVITIES
Capital Expenditures -$1.900M -$1.600M $13.87M
YoY Change 18.75% 14.29% -139.62%
Acquisitions
YoY Change
Other Investing Activities -$272.1M -$232.4M $165.8M
YoY Change 17.08% -241.11% -27.06%
Cash From Investing Activities -$274.0M -$234.0M $152.0M
YoY Change 17.09% -243.29% -20.98%
FINANCING ACTIVITIES
Cash Dividend Paid $29.85M
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 240.4M 223.1M -365.6M
YoY Change 7.75% -285.61% 22.19%
NET CHANGE
Cash From Operating Activities 35.50M 29.00M 177.7M
Cash From Investing Activities -274.0M -234.0M 152.0M
Cash From Financing Activities 240.4M 223.1M -365.6M
Net Change In Cash 1.900M 18.10M -35.95M
YoY Change -89.5% -52.99% 7.95%
FREE CASH FLOW
Cash From Operating Activities $35.50M $29.00M $177.7M
Capital Expenditures -$1.900M -$1.600M $13.87M
Free Cash Flow $37.40M $30.60M $163.8M
YoY Change 22.22% -1056.25% 50.86%

Facts In Submission

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CY2012Q4 pb Deferred Tax Assets Restricted Stock
DeferredTaxAssetsRestrictedStock
3192000
CY2012Q4 pb Number Of Stock Based Employee Compensation Plans Expired
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2 OptionPlan
CY2012Q4 pb Minimum Percentage Likelihood Of Tax Benefit To Be Realized Upon Final Settlement
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0.50 pure
CY2012Q4 pb Purchased Credit Impaired Loans Outstanding Principal Balance
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46914000
CY2012Q4 pb Financing Receivable Recorded Investment
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5179940000
CY2012Q4 pb Funds Available On Other Borrowings And Securities
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3710000000
CY2012Q4 pb Share Based Compensation Arrangement Unrecognized Compensation Expense
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8100000
CY2012Q4 pb Number Of Stock Based Employee Compensation Plans
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4 OptionPlan
CY2012Q4 pb Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Tax
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4839000
CY2012Q4 pb Loans Held For Investment
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5169507000
CY2012Q4 pb Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Aggregate Intrinsic Value
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4751000
CY2012Q4 pb Number Of Non Performing Assets
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116 Assets
CY2012Q4 pb Outstanding Troubled Debt Restructurings
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1100000
CY2012Q4 pb Deferred Tax Assets Tax Deferred Expense Other Real Estate Properties Write Downs
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967000
CY2012Q4 pb Deferred Tax Liabilities Investments In Partnerships
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9296000
CY2012Q4 pb Business Acquisition Purchase Price Allocation Deposit
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1200000000
CY2012Q4 pb Available For Sale Debt Maturities Net Carrying Amount
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45650000
CY2012Q4 pb Percentage Of Loans Related To Single Industry On Loans
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0.10 pure
CY2012Q4 pb Percentage Of Non Performing Assets To Loans And Other Real Estate
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0.0025 pure
CY2012Q4 pb Average Rate Paid On Securities Sold Under Repurchase
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0.0027 pure
CY2012Q4 pb Maximum Percentage Of Principal And Interest Collectible Substandard Impaired Loans
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1.00 pure
CY2012Q4 pb Minimum Period For Ceases Accruing Interest
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90 D
CY2012Q4 pb Number Of Stock Option Plans
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1 OptionPlan
CY2012Q4 pb Deferred Tax Liabilities Securities
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9901000
CY2012Q4 pb Business Combination Goodwill Recognized Segment Allocation Amount
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274100000
CY2012Q4 pb Amount Of Repurchase Agreement
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23.5
CY2012Q4 pb Held To Maturity Securities Debt Maturities Amortized Cost
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412971000
CY2012Q4 pb Financing Receivable Recorded Investment Past Due And Non Accrual Loans
FinancingReceivableRecordedInvestmentPastDueAndNonAccrualLoans
5382000
CY2012Q4 pb Purchased Credit Impaired Loans Carrying Amount
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22880000
CY2012Q4 pb Financing Receivable Purchase Credit Impaired Loans
FinancingReceivablePurchaseCreditImpairedLoans
22880000
CY2012Q4 pb Deferred Tax Assets Loan Purchase Discounts
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28557000
CY2012Q4 pb Allowance For Credit Losses As Percentage Of Loans
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0.0101 pure
CY2012Q4 pb Available For Sale Securities Debt Maturities Amortized Cost Aggregate
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43529000
CY2012Q4 pb Held To Maturity Securities Debt Maturities Fair Value Aggregate
HeldToMaturitySecuritiesDebtMaturitiesFairValueAggregate
422328000
CY2012Q4 pb Number Of Full Service Banking Locations
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213 Branches
CY2012Q4 pb Loans Receivable Gross Of Acquired Loan Discount Fair Value Disclosure
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5249449000
CY2010 us-gaap Provision For Loan Lease And Other Losses
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-13585000
CY2010 us-gaap Interest Expense Junior Subordinated Debentures
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3250000
CY2010 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
141000 shares
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-2502000
CY2010 us-gaap Earnings Per Share Basic
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2.74
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3583000
CY2010 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
191802000
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52066000
CY2010 us-gaap Interest Paid
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69718000
CY2010 us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
379771000
CY2010 us-gaap Income Tax Reconciliation Tax Exempt Income
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1938000
CY2010 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2696000
CY2010 us-gaap Interest Expense Deposits
InterestExpenseDeposits
61509000
CY2010 us-gaap Other Comprehensive Income Loss Tax
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-1346000
CY2010 us-gaap Profit Loss
ProfitLoss
127708000
CY2010 us-gaap Net Cash Provided By Used In Investing Activities
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151952000
CY2010 us-gaap Income Taxes Paid
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64477000
CY2010 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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19.16
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
shares
CY2010 us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
1285000
CY2010 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46621000 shares
CY2010 us-gaap Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
-15744000
CY2010 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
1940137000
CY2010 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
209711000
CY2010 us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
3860000
CY2010 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
13585000
CY2010 us-gaap Interest Expense Other Short Term Borrowings
InterestExpenseOtherShortTermBorrowings
1035000
CY2010 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
35353000
CY2010 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
701000
CY2010 us-gaap Other Noninterest Expense
OtherNoninterestExpense
29871000
CY2010 us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
595000
CY2010 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
29845000
CY2010 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
384537000
CY2010 us-gaap Share Based Compensation
ShareBasedCompensation
3037000
CY2010 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
CY2010 us-gaap Depreciation And Amortization
DepreciationAndAmortization
8313000
CY2010 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-35949000
CY2010 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
1246820000
CY2010 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
1619000
CY2010 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
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-3848000
CY2010 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
5300000
CY2010 us-gaap Cash Dividends Paid To Parent Company
CashDividendsPaidToParentCompany
27400000
CY2010 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
964000
CY2010 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3037000
CY2010 us-gaap Fees And Commissions
FeesAndCommissions
10089000
CY2010 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
25.68
CY2010 us-gaap Net Change Interest Bearing Deposits Domestic
NetChangeInterestBearingDepositsDomestic
-723063000
CY2010 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
1658000
CY2010 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y5M23D
CY2010 us-gaap Communication
Communication
7781000
CY2010 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
2502000
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DepreciationAmortizationAndAccretionNet
17329000
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ProceedsFromOtherShortTermDebt
360000000
CY2010 us-gaap Deferred Income Tax Expense Benefit
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539000
CY2010 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
29160000
CY2010 us-gaap Net Income Loss
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127708000
CY2010 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
256000
CY2010 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
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0
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53833000
CY2010 us-gaap Earnings Per Share Diluted
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2.73
CY2010 us-gaap Increase Decrease In Operating Liabilities
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-8515000
CY2010 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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46832000 shares
CY2010 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
22181000
CY2010 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-365597000
CY2010 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
211000 shares
CY2010 us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
2166000
CY2010 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
125206000
CY2010 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
1168459000
CY2010 us-gaap Repayments Of Other Long Term Debt
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11707000
CY2010 us-gaap Noninterest Income Other
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2129000
CY2010 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
63555000
CY2010 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
304563000
CY2010 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
318148000
CY2010 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
64094000
CY2010 us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
174707000
CY2010 us-gaap Payments Of Dividends
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29845000
CY2010 us-gaap Other Comprehensive Income Loss Before Tax
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-3848000
CY2010 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
13866000
CY2010 us-gaap Noninterest Expense
NoninterestExpense
166594000
CY2010 us-gaap Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
44751000
CY2010 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
9016000
CY2010 us-gaap Interest Income Federal Funds Sold
InterestIncomeFederalFundsSold
119000
CY2010 us-gaap Occupancy Net
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15153000
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
19000 shares
CY2010 us-gaap Professional Fees
ProfessionalFees
3099000
CY2010 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
999998000
CY2010 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.64
CY2010 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3000000
CY2010 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2010 us-gaap Labor And Related Expense
LaborAndRelatedExpense
86980000
CY2011 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
3.63
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
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46846000 shares
CY2011 us-gaap Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
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-5776000
CY2011 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
1478721000
CY2011 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
214273000
CY2010 us-gaap Interest Expense
InterestExpense
66389000
CY2010 us-gaap Increase Decrease In Operating Assets
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674000
CY2010 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
67131000
CY2010 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
539000
CY2010 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
177696000
CY2010 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
15483000
CY2010 us-gaap Interest Expense Time Deposits100000 Or More
InterestExpenseTimeDeposits100000OrMore
19500000
CY2010 pb Debt Instrument Call Date Period
DebtInstrumentCallDatePeriod
5 Y
CY2010 pb Print And Supply Expense
PrintAndSupplyExpense
1951000
CY2010 pb Premium Paid
PremiumPaid
26876000
CY2010 pb Regulatory Assessments And Fdic Insurance
RegulatoryAssessmentsAndFdicInsurance
11039000
CY2010 pb Travel And Development Expense
TravelAndDevelopmentExpense
1691000
CY2010 pb Stock Options Exercised And Vesting Of Restricted Stock Awards Net Of Restricted Stock Cancellations And Forfeitures
StockOptionsExercisedAndVestingOfRestrictedStockAwardsNetOfRestrictedStockCancellationsAndForfeitures
2696000
CY2010 pb Income Tax Reconciliation Bank Owned Life Insurance Income
IncomeTaxReconciliationBankOwnedLifeInsuranceIncome
580000
CY2010 pb Income Tax Reconciliation Qualified School Construction Bond Credit
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501000
CY2010 pb Income Tax Reconciliation Qualified Stock Options
IncomeTaxReconciliationQualifiedStockOptions
99000
CY2010 pb Income Tax Reconciliation Qualified Zone Academy Bond Credit
IncomeTaxReconciliationQualifiedZoneAcademyBondCredit
373000
CY2010 pb Financing Receivable Allowance For Credit Losses Charge Offs Net
FinancingReceivableAllowanceForCreditLossesChargeOffsNet
13864000
CY2010 pb Non Sufficient Funds Fees
NonSufficientFundsFees
27580000
CY2010 pb Other Real Estate Expense
OtherRealEstateExpense
3483000
CY2010 pb Other Noninterest Expense And Regulatory Assessments And Fdic Insurance
OtherNoninterestExpenseAndRegulatoryAssessmentsAndFdicInsurance
29871000
CY2010 pb Other Non Interest Expense Other
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7919000
CY2010 pb Matching Contribution Amounts
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2000000
CY2010 pb Loss Gain On Sale Or Write Down Of Premises Equipment And Other Real Estate
LossGainOnSaleOrWriteDownOfPremisesEquipmentAndOtherRealEstate
3860000
CY2010 pb Debit Card And Atm Card Income
DebitCardAndAtmCardIncome
12581000
CY2010 pb Debit Card Data Processing And Software Amortization
DebitCardDataProcessingAndSoftwareAmortization
6222000
CY2010 pb Brokered Mortgage Income
BrokeredMortgageIncome
205000
CY2010 pb Other Non Interest Expense Property Taxes
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3947000
CY2010 pb Net Accretion Of Discount On Deposits
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1354000
CY2011 us-gaap Interest Expense Junior Subordinated Debentures
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2984000
CY2011 us-gaap Stock Issued During Period Shares Stock Options Exercised
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171000 shares
CY2011 us-gaap Income Tax Reconciliation Tax Exempt Income
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2344000
CY2011 us-gaap Proceeds From Stock Options Exercised
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4175000
CY2011 us-gaap Interest Expense Deposits
InterestExpenseDeposits
40975000
CY2011 us-gaap Other Comprehensive Income Loss Tax
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-448000
CY2011 us-gaap Profit Loss
ProfitLoss
141749000
CY2011 us-gaap Impaired Financing Receivable Average Recorded Investment
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3484000
CY2011 us-gaap Net Cash Provided By Used In Investing Activities
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-365300000
CY2011 us-gaap Income Taxes Paid
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70324000
CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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24.48
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
shares
CY2011 us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
1424000
CY2011 us-gaap Repayments Of Subordinated Debt
RepaymentsOfSubordinatedDebt
7210000
CY2011 us-gaap Dividends Common Stock Cash
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33742000
CY2011 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
371908000
CY2011 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
1382000
CY2011 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-832000
CY2011 us-gaap Earnings Per Share Basic
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3.03
CY2011 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
6810000
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
213766000
CY2011 us-gaap Net Change Noninterest Bearing Deposits Domestic
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299036000
CY2011 us-gaap Interest Paid
InterestPaid
46451000
CY2011 us-gaap Share Based Compensation
ShareBasedCompensation
3576000
CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
CY2011 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
454408000
CY2011 us-gaap Depreciation And Amortization
DepreciationAndAmortization
8150000
CY2011 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
54074000
CY2011 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
1301230000
CY2011 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
1660000
CY2011 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
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-1280000
CY2011 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
5200000
CY2011 us-gaap Cash Dividends Paid To Parent Company
CashDividendsPaidToParentCompany
35800000
CY2011 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
200964000
CY2011 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1200000
CY2011 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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3576000
CY2011 us-gaap Fees And Commissions
FeesAndCommissions
9981000
CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
CY2011 us-gaap Net Change Interest Bearing Deposits Domestic
NetChangeInterestBearingDepositsDomestic
306665000
CY2011 us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
527000
CY2011 us-gaap Provision For Loan And Lease Losses
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5200000
CY2011 us-gaap Interest Expense Other Short Term Borrowings
InterestExpenseOtherShortTermBorrowings
912000
CY2011 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
14202000
CY2011 us-gaap Impaired Financing Receivable Interest Income Accrual Method
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253000
CY2011 us-gaap Other Noninterest Expense
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25400000
CY2011 us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
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369000
CY2011 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y10M17D
CY2011 us-gaap Communication
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6946000
CY2011 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
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832000
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15930000
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-360000000
CY2011 us-gaap Deferred Income Tax Expense Benefit
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2006000
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298246000
CY2011 us-gaap Net Income Loss
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141749000
CY2011 us-gaap Income Tax Reconciliation Other Reconciling Items
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849000
CY2011 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
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0
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56043000
CY2011 us-gaap Earnings Per Share Diluted
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3.01
CY2011 us-gaap Increase Decrease In Operating Liabilities
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-1310000
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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47017000 shares
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28675000
CY2011 us-gaap Net Cash Provided By Used In Financing Activities
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201505000
CY2011 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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171000 shares
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581000
CY2011 us-gaap Fees And Commissions Depositor Accounts
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2184000
CY2011 us-gaap Comprehensive Income Net Of Tax
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140917000
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CY2011 pb Stock Options Exercised And Vesting Of Restricted Stock Awards Net Of Restricted Stock Cancellations And Forfeitures
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CY2011 pb Income Tax Reconciliation Qualified Zone Academy Bond Credit
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1800000
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CY2011 pb Debit Card Data Processing And Software Amortization
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6823000
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211000
CY2011 pb Aggregate Book Value Percentage Of Securities To Shareholders Equity
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CY2011 pb Net Accretion Of Discount On Deposits
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CY2012 dei Document Fiscal Period Focus
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CY2012 dei Entity Voluntary Filers
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CY2012 dei Document Fiscal Year Focus
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CY2012 dei Document Type
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10-K
CY2012 dei Document Period End Date
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2012-12-31
CY2012 dei Entity Central Index Key
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0001068851
CY2012 dei Entity Well Known Seasoned Issuer
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Yes
CY2012 dei Current Fiscal Year End Date
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--12-31
CY2012 dei Trading Symbol
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PB
CY2012 dei Entity Registrant Name
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PROSPERITY BANCSHARES INC
CY2012 dei Entity Current Reporting Status
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CY2012 dei Amendment Flag
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CY2012 dei Entity Filer Category
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CY2012 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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CY2012 us-gaap Interest Expense Time Deposits100000 Or More
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8900000
CY2012 pb Share Based Compensation Arrangement Unrecognized Compensation Expense Expected Term
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CY2012 pb Income Tax Reconciliation Qualified School Construction Bond Credit
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CY2012 pb Common Stock Issued In Connection With Acquisition Of Texas Bankers Incorporated
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CY2012 pb Debit Card And Atm Card Income
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DeterminedPeriodOfDefault
90 D
CY2012 pb Period Of Fixed Interest
PeriodOfFixedInterest
5 Y
CY2012 pb Other Non Interest Income From Trust
OtherNonInterestIncomeFromTrust
1746000
CY2012 pb Other Non Interest Expense Property Taxes
OtherNonInterestExpensePropertyTaxes
4623000
CY2012 pb Share Based Compensation Arrangement By Share Based Payment Award Nonvested Options Forfeited During Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonvestedOptionsForfeitedDuringPeriodFairValue
39000
CY2012 pb Net Accretion Of Discount On Loans
NetAccretionOfDiscountOnLoans
26413000
CY2012 pb Income Tax Reconciliation Nondeductible Expense Merger Costs
IncomeTaxReconciliationNondeductibleExpenseMergerCosts
538000
CY2012 pb Merger Related Expense
MergerRelatedExpense
7000000
CY2012 pb Net Operating Loss Expiration Period End
NetOperatingLossExpirationPeriodEnd
2030
CY2012 pb Net Operating Loss Expiration Period Start
NetOperatingLossExpirationPeriodStart
2025
CY2012 pb Amount Of Discount On Loan Purchase
AmountOfDiscountOnLoanPurchase
79900000
CY2012 pb Net Accretion Of Discount On Deposits
NetAccretionOfDiscountOnDeposits
109000

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