2013 Q1 Form 10-Q Financial Statement

#000119312513209981 Filed on May 09, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2012 Q1
Revenue $153.0M $174.1M
YoY Change -12.12% 3.76%
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 $6.500M $6.500M
YoY Change 0.0% 8.33%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $43.00M $46.68M
YoY Change -7.88% -8.35%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $44.12M $49.81M
YoY Change -11.41% -6.37%
Income Tax $12.81M $15.28M
% Of Pretax Income 29.04% 30.67%
Net Earnings $31.31M $34.53M
YoY Change -9.33% -4.87%
Net Earnings / Revenue 20.46% 19.83%
Basic Earnings Per Share $0.16 $0.18
Diluted Earnings Per Share $0.16 $0.18
COMMON SHARES
Basic Shares Outstanding 198.9M shares 196.9M shares
Diluted Shares Outstanding 198.9M shares 197.0M shares

Balance Sheet

Concept 2013 Q1 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.513B
YoY Change
Cash & Equivalents $970.0M $500.8M
Short-Term Investments $2.543B
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $276.7M $273.0M
YoY Change 1.34% 3.41%
Goodwill $428.2M $420.4M
YoY Change 1.86%
Intangibles $34.97M
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 $16.03B $15.95B
YoY Change 0.49% 11.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $181.0M $166.0M
YoY Change 9.04% 12.93%
Deferred Revenue
YoY Change
Short-Term Debt $147.3M $411.0M
YoY Change -64.17% 129.61%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $181.0M $166.0M
YoY Change 9.04% 12.93%
LONG-TERM LIABILITIES
Long-Term Debt $2.887B $2.917B
YoY Change -1.03% -2.83%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $2.887B $2.917B
YoY Change -1.03% -2.83%
TOTAL LIABILITIES
Total Short-Term Liabilities $181.0M $166.0M
Total Long-Term Liabilities $2.887B $2.917B
Total Liabilities $14.52B $14.46B
YoY Change 0.44% 10.73%
SHAREHOLDERS EQUITY
Retained Earnings $92.45M $92.17M
YoY Change 0.31% 7.26%
Common Stock $1.464B $1.450B
YoY Change 0.91% 17.34%
Preferred Stock
YoY Change
Treasury Stock (at cost) $506.0K $58.00K
YoY Change 772.41% -99.47%
Treasury Stock Shares 50.52K shares
Shareholders Equity $1.508B $1.493B
YoY Change
Total Liabilities & Shareholders Equity $16.03B $15.95B
YoY Change 0.49% 11.04%

Cashflow Statement

Concept 2013 Q1 2012 Q1
OPERATING ACTIVITIES
Net Income $31.31M $34.53M
YoY Change -9.33% -4.87%
Depreciation, Depletion And Amortization $6.500M $6.500M
YoY Change 0.0% 8.33%
Cash From Operating Activities $40.34M $141.4M
YoY Change -71.47% 50.59%
INVESTING ACTIVITIES
Capital Expenditures $3.419M $3.807M
YoY Change -10.19% -231.28%
Acquisitions $117.6M
YoY Change
Other Investing Activities $80.20M -$50.00M
YoY Change -260.4% -85.03%
Cash From Investing Activities $76.75M -$53.79M
YoY Change -242.7% -84.04%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.483M $1.836M
YoY Change -19.23%
Debt Paid & Issued, Net $1.000M $30.00M
YoY Change -96.67%
Cash From Financing Activities -$154.0K 34.17M
YoY Change -100.45% -83.1%
NET CHANGE
Cash From Operating Activities $40.34M 141.4M
Cash From Investing Activities $76.75M -53.79M
Cash From Financing Activities -$154.0K 34.17M
Net Change In Cash $116.9M 121.8M
YoY Change -3.98% -398.5%
FREE CASH FLOW
Cash From Operating Activities $40.34M $141.4M
Capital Expenditures $3.419M $3.807M
Free Cash Flow $36.92M $137.6M
YoY Change -73.17% 42.14%

Facts In Submission

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14570000
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19479000
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CY2012Q4 us-gaap Common Stock Shares Authorized
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CY2012Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
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124360000
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3323000
CY2012Q4 us-gaap Available For Sale Securities
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CY2012Q4 us-gaap Common Stock No Par Value
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CY2012Q4 us-gaap Preferred Stock Shares Authorized
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19479000
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CY2012Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount Covered
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CY2012Q4 us-gaap Held To Maturity Securities
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CY2012Q4 us-gaap Assets
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13821000
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CY2012Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
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CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2012Q4 us-gaap Accrued Investment Income Receivable
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CY2012Q4 us-gaap Financing Receivable Recorded Investment Past Due
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CY2012Q4 us-gaap Bank Acceptances Executed And Outstanding
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CY2012Q4 us-gaap Fdic Indemnification Asset
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CY2012Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
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CY2012Q4 us-gaap Availableforsale Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses2
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15361000
CY2012Q4 us-gaap Loans And Leases Receivable Net Reported Amount
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CY2012Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
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CY2012Q4 us-gaap Common Stock Value
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CY2012Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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CY2012Q4 us-gaap Goodwill
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CY2012Q4 us-gaap Available For Sale Securities Amortized Cost
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CY2012Q4 us-gaap Liabilities
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CY2012Q4 us-gaap Long Term Debt
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CY2012Q4 us-gaap Intangible Assets Net Excluding Goodwill
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CY2012Q4 us-gaap Availableforsale Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses2
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4118000
CY2012Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Fair Value
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CY2012Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
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239964000
CY2012Q4 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield
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169309000
CY2012Q4 us-gaap Time Deposits
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CY2012Q4 us-gaap Treasury Stock Value
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CY2012Q4 us-gaap Junior Subordinated Debenture Owed To Unconsolidated Subsidiary Trust
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188522000
CY2012Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue
173162000
CY2012Q4 us-gaap Preferred Stock Shares Issued
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CY2012Q4 us-gaap Preferred Stock Value
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CY2012Q4 us-gaap Property Plant And Equipment Net
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CY2012Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
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CY2012Q4 us-gaap Cash And Due From Banks
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CY2012Q4 us-gaap Preferred Stock No Par Value
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CY2012Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Aggregate Losses
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15330000
CY2012Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
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CY2012Q4 us-gaap Financing Receivable Allowance For Credit Losses
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CY2012Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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CY2012Q4 us-gaap Short Term Borrowings
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CY2012Q4 us-gaap Bank Owned Life Insurance
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CY2012Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
374643000
CY2012Q4 us-gaap Additional Paid In Capital Common Stock
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CY2012Q4 us-gaap Stockholders Equity
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1502377000
CY2012Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
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45203000
CY2012Q4 us-gaap Available For Sale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions
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74 Security
CY2012Q4 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
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33290000
CY2012Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
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48802000
CY2012Q4 us-gaap Loans And Leases Receivable Net Reported Amount Covered
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CY2012Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLosses
760000
CY2012Q4 vly Allowance For Covered Loans
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CY2012Q4 vly Allowance For Credit Losses
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CY2012Q4 vly Allowance For Non Covered Loans
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CY2012Q4 vly Allowance For Unfunded Letters Of Credit
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CY2012Q4 vly Financing Receivable Recorded Investment Thirty To Eighty Nine Days Past Due
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49686000
CY2012Q4 vly Junior Subordinated Debentures Issued To Capital Trusts Fair Value
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147595000
CY2012Q4 vly Loans Held For Sale At Fair Value
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120230000
CY2012Q4 vly Non Covered Loans Net Of Unearned Discount And Deferred Loan Fees
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3400000
CY2012Q4 vly Non Performing Troubled Debt Restructuring Loans
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41800000
CY2012Q4 vly Savings Now And Money Market
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CY2012Q4 vly Troubled Debt Restructurings Not Reported As Non Accrual Loans
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105400000
CY2012Q4 vly Financing Receivable Recorded Investment Current Non Pci Loans
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9664976000
CY2012Q4 vly Non Covered And Covered Loans Gross
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CY2012Q4 vly Past Due Non Accrual And Current Non Pci Loans
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CY2012Q4 vly Assets Liabilities Net Amount Recognized In Balance Sheet
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CY2012Q4 vly Derivative Assets Liabilities Net Amount Offset In Balance Sheet
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CY2012 us-gaap Servicing Asset At Amortized Value Valuation Allowance
ServicingAssetAtAmortizedValueValuationAllowance
3046000
CY2013Q1 dei Document Fiscal Period Focus
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CY2013Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
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CY2013Q1 dei Document Type
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10-Q
CY2013Q1 dei Document Period End Date
DocumentPeriodEndDate
2013-03-31
CY2013Q1 dei Entity Central Index Key
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0000714310
CY2013Q1 dei Current Fiscal Year End Date
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--12-31
CY2013Q1 dei Trading Symbol
TradingSymbol
VLY
CY2013Q1 dei Entity Registrant Name
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VALLEY NATIONAL BANCORP
CY2013Q1 dei Amendment Flag
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CY2013Q1 dei Entity Filer Category
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CY2013Q1 us-gaap Provision For Loan Lease And Other Losses
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CY2013Q1 us-gaap Interest And Dividend Income Securities Trading Or Measured At Fair Value
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CY2013Q1 us-gaap Federal Deposit Insurance Corporation Premium Expense
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CY2013Q1 us-gaap Repayments Of Long Term Debt
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CY2013Q1 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
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CY2013Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2013Q1 us-gaap Increase Decrease In Other Operating Assets
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CY2013Q1 us-gaap Impaired Financing Receivable Average Recorded Investment
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CY2013Q1 us-gaap Stock Issued1
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CY2013Q1 us-gaap Cash Flow Hedge Loss Reclassified To Interest Expense
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1880000
CY2013Q1 us-gaap Net Cash Provided By Used In Investing Activities
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76752000
CY2013Q1 us-gaap Income Taxes Paid
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CY2013Q1 us-gaap Payments To Acquire Loans Held For Investment
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CY2013Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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P4Y
CY2013Q1 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Accretion
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CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2013Q1 us-gaap Interest And Fee Income Loans And Leases
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CY2013Q1 us-gaap Provision For Loan And Lease Losses
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CY2013Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2013Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
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CY2013Q1 us-gaap Interest Paid
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CY2013Q1 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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CY2013Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Period Increase Decrease
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CY2013Q1 us-gaap Share Based Compensation
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CY2013Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
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CY2013Q1 us-gaap Fdic Indemnification Asset Additional Estimated Losses
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CY2013Q1 us-gaap Financing Receivable Allowance For Credit Losses Recovery
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CY2013Q1 us-gaap Provision For Loan Losses Expensed
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CY2013Q1 us-gaap Gain Loss On Sales Of Loans Net
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CY2013Q1 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
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CY2013Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2013Q1 us-gaap Labor And Related Expense
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50572000
CY2013Q1 us-gaap Defined Benefit Plan Fair Value Of Plan Assets Period Increase Decrease
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9800000
CY2013Q1 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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25000000
CY2013Q1 us-gaap Noncash Or Part Noncash Acquisition Investments Acquired1
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CY2013Q1 us-gaap Increase Decrease In Trading Securities
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CY2013Q1 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
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CY2013Q1 vly Accretion Amortization Of Discounts And Premiums Investments And Borrowings
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CY2013Q1 vly Allowance For Loan And Lease Losses Net Charge Off
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CY2013Q1 vly Amount Recognized In Non Interest Income Related To Discount Accretion And Post Acquisition Adjustments To Fdic Loss Share Receivable
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CY2013Q1 vly Change In Fdic Loss Share Receivable
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CY2013Q1 vly Change In Fdic Loss Share Receivable Excluding Reimbursements
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CY2013Q1 vly Fair Value Of Plan Assets Increased Percentage
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CY2013Q1 vly Fair Value Unobservable Inputs Quantitative Information For Assets Measured On Nonrecurring Basis Impaired Loans Non Current Appraisal Discount Percentage
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CY2013Q1 vly Gains Losses On Maturities And Other Securities Transactions
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CY2013Q1 vly Gross Gains Realized On Maturities And Other Securities Transactions
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608000
CY2013Q1 vly Gross Gains Realized On Sales
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CY2013Q1 vly Gross Losses Realized On Maturities And Other Securities Transactions
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CY2013Q1 vly Impaired Collateral Dependent Loans Charge Offs
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CY2013Q1 vly Impairment Of Core Deposits And Intangibles
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CY2013Q1 vly Interest On Federal Funds Sold And Other Short Term Investments
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216000
CY2013Q1 vly Loans Non Cash Cf
LoansNonCashCf
CY2013Q1 vly Loss Due To Remeasurement Of Repossessed Asset At Fair Value
LossDueToRemeasurementOfRepossessedAssetAtFairValue
570000
CY2013Q1 vly Net Change In Fair Value Of Borrowings Carried At Fair Value
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2172000
CY2013Q1 vly Noncash Or Part Noncash Acquisition Accrued Interest Receivable Assumed
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CY2013Q1 vly Noncash Or Part Noncash Acquisition Deposits Assumed
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CY2013Q1 vly Noncash Or Part Noncash Acquisition Short Term Borrowing Assumed
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CY2013Q1 vly Number Of Days Loans Placed On Non Accrual Status
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CY2013Q1 vly Other Comprehensive Income Loss Non Credit Impairment Losses On Securities Net Of Tax
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4743000
CY2013Q1 vly Other Reimbursable Expenses From Fdic
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952000
CY2013Q1 vly Other Than Temporarily Impaired Trust Preferred Securities Amortized Cost
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41800000
CY2013Q1 vly Provision For Covered Loan Losses
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-2166000
CY2013Q1 vly Provision For Non Covered Loans
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3710000
CY2013Q1 vly Provision For Unfunded Letters Of Credit
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CY2013Q1 vly Professional And Legal Fees
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CY2013Q1 vly Troubled Debt Restructuring Modifications Post Modification Recorded Investment
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CY2013Q1 vly Troubled Debt Restructuring Modifications Pre Modification Recorded Investment
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CY2013Q1 vly Allowance For Covered Loan Losses Net Charge Offs
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CY2013Q1 vly Number Of Loans
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CY2013Q1 vly Intangible Assets Impairment Loss Or Recovery Mortgage Servicing Rights
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CY2013Q1 vly Defined Benefit Plan Amortization Of Net Loss
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CY2013Q1 vly Transfer Of Loans Held For Investment To Other Real Estate
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CY2013Q1 vly Schedule Of Gains Losses Income Related To Derivative Instruments Not Designated As Hedging Instruments
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<div> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">The net (losses) gains included in the consolidated statements of income related to derivative instruments not designated as hedging instruments for the three months ended March&#xA0;31, 2013 and 2012 were as follows:</font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> &#xA0;</p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="76%" align="center"> <tr> <td width="72%"></td> <td valign="bottom" width="11%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="11%"></td> <td></td> <td></td> <td></td> </tr> <tr> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid" valign="bottom" colspan="6" align="center"><font style="FONT-FAMILY: Times New Roman" size="1"><b>Three&#xA0;Months&#xA0;Ended&#xA0;March&#xA0;31,</b></font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="1"><b>2013</b></font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom" colspan="6" align="center"><font style="FONT-FAMILY: Times New Roman" size="1"><b>(in thousands)</b></font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Non-designated hedge interest rate derivatives</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 3em"><font style="FONT-FAMILY: Times New Roman" size="2">Other non-interest income</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(371</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">)&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">216</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> </tr> </table> </div>
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CY2013Q1 vly Noncash Or Part Noncash Acquisitions Junior Subordinated Debentures Issued To Capital Trusts
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CY2012Q1 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
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CY2012Q1 us-gaap Share Based Compensation
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CY2012Q1 us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
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CY2012Q1 us-gaap Advertising Expense
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CY2012Q1 us-gaap Income Tax Expense Benefit
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InterestExpense
46677000
CY2012Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
4321000
CY2012Q1 us-gaap Derivative Instruments Gain Loss Recognized In Income Net
DerivativeInstrumentsGainLossRecognizedInIncomeNet
216000
CY2012Q1 us-gaap Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
252000
CY2012Q1 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesBeforeTaxPortionAttributableToParent
1549000
CY2012Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1836000
CY2012Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
3276000
CY2012Q1 us-gaap Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1
52998000
CY2012Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
141401000
CY2012Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
899000
CY2012Q1 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
8546000
CY2012Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment For Sale Of Securities Included In Net Income Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax
95000
CY2012Q1 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1598000
CY2012Q1 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
-158000
CY2012Q1 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
20751000
CY2012Q1 us-gaap Fdic Indemnification Asset Cash Payments Received
FDICIndemnificationAssetCashPaymentsReceived
4372000
CY2012Q1 vly Accretion Amortization Of Discounts And Premiums Investments And Borrowings
AccretionAmortizationOfDiscountsAndPremiumsInvestmentsAndBorrowings
4785000
CY2012Q1 vly Allowance For Loan And Lease Losses Net Charge Off
AllowanceForLoanAndLeaseLossesNetChargeOff
6306000
CY2012Q1 vly Amount Recognized In Non Interest Income Related To Discount Accretion And Post Acquisition Adjustments To Fdic Loss Share Receivable
AmountRecognizedInNonInterestIncomeRelatedToDiscountAccretionAndPostAcquisitionAdjustmentsToFdicLossShareReceivable
90000
CY2012Q1 vly Change In Fdic Loss Share Receivable
ChangeInFdicLossShareReceivable
-90000
CY2012Q1 vly Change In Fdic Loss Share Receivable Excluding Reimbursements
ChangeInFdicLossShareReceivableExcludingReimbursements
-90000
CY2012Q1 vly Gains Losses On Maturities And Other Securities Transactions
GainsLossesOnMaturitiesAndOtherSecuritiesTransactions
1000
CY2012Q1 vly Gross Losses Realized On Sales
GrossLossesRealizedOnSales
298000
CY2012Q1 vly Gross Gains Realized On Maturities And Other Securities Transactions
GrossGainsRealizedOnMaturitiesAndOtherSecuritiesTransactions
13000
CY2012Q1 vly Gross Gains Realized On Sales
GrossGainsRealizedOnSales
140000
CY2012Q1 vly Gross Losses Realized On Maturities And Other Securities Transactions
GrossLossesRealizedOnMaturitiesAndOtherSecuritiesTransactions
12000
CY2012Q1 vly Impairment Of Core Deposits And Intangibles
ImpairmentOfCoreDepositsAndIntangibles
0
CY2012Q1 vly Interest On Federal Funds Sold And Other Short Term Investments
InterestOnFederalFundsSoldAndOtherShortTermInvestments
55000
CY2012Q1 vly Loans Non Cash Cf
LoansNonCashCf
1088421000
CY2012Q1 vly Net Change In Fair Value Of Borrowings Carried At Fair Value
NetChangeInFairValueOfBorrowingsCarriedAtFairValue
1240000
CY2012Q1 vly Noncash Or Part Noncash Acquisition Accrued Interest Receivable Assumed
NoncashOrPartNoncashAcquisitionAccruedInterestReceivableAssumed
5294000
CY2012Q1 vly Noncash Or Part Noncash Acquisition Deposits Assumed
NoncashOrPartNoncashAcquisitionDepositsAssumed
1380293000
CY2012Q1 vly Noncash Or Part Noncash Acquisition Short Term Borrowing Assumed
NoncashOrPartNoncashAcquisitionShortTermBorrowingAssumed
29000000
CY2012Q1 vly Other Comprehensive Income Loss Non Credit Impairment Losses On Securities Net Of Tax
OtherComprehensiveIncomeLossNonCreditImpairmentLossesOnSecuritiesNetOfTax
7070000
CY2012Q1 vly Other Reimbursable Expenses From Fdic
OtherReimbursableExpensesFromFdic
1466000
CY2012Q1 vly Provision For Non Covered Loans
ProvisionForNonCoveredLoans
5374000
CY2012Q1 vly Provision For Unfunded Letters Of Credit
ProvisionForUnfundedLettersOfCredit
323000
CY2012Q1 vly Professional And Legal Fees
ProfessionalAndLegalFees
3624000
CY2012Q1 vly Specific Reserves For Loan Losses
SpecificReservesForLoanLosses
747000
CY2012Q1 vly Troubled Debt Restructuring Modifications Number Of Contracts
TroubledDebtRestructuringModificationsNumberOfContracts
19 Contract
CY2012Q1 vly Troubled Debt Restructuring Modifications Post Modification Recorded Investment
TroubledDebtRestructuringModificationsPostModificationRecordedInvestment
6293000
CY2012Q1 vly Troubled Debt Restructuring Modifications Pre Modification Recorded Investment
TroubledDebtRestructuringModificationsPreModificationRecordedInvestment
6546000
CY2012Q1 vly Finite Lived Intangible Asset Net
FiniteLivedIntangibleAssetNet
2000000
CY2012Q1 vly Intangible Assets Impairment Loss Or Recovery Mortgage Servicing Rights
IntangibleAssetsImpairmentLossOrRecoveryMortgageServicingRights
420000
CY2012Q1 vly Defined Benefit Plan Amortization Of Net Loss
DefinedBenefitPlanAmortizationOfNetLoss
338000
CY2012Q1 vly Transfer Of Loans Held For Investment To Other Real Estate
TransferOfLoansHeldForInvestmentToOtherRealEstate
6473000
CY2012Q1 vly Noncash Or Part Noncash Acquisition Goodwill Acquired
NoncashOrPartNoncashAcquisitionGoodwillAcquired
109758000
CY2012Q1 vly Provision For Loan Losses
ProvisionForLoanLosses
-5374000
CY2012Q1 vly Noncash Or Part Noncash Acquisitions Junior Subordinated Debentures Issued To Capital Trusts
NoncashOrPartNoncashAcquisitionsJuniorSubordinatedDebenturesIssuedToCapitalTrusts
15645000
CY2012Q1 vly Payments Reimbursements From Fdic
PaymentsReimbursementsFromFdic
4372000
CY2012Q1 vly Sales Of Loans Held For Investment
SalesOfLoansHeldForInvestment
0

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