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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2011
Income Taxes [Abstract]  
Income Tax Expense (Benefit)
     Years Ended December 31,  

(Dollars in thousands)

   2011     2010     2009  

Current income taxes:

      

Federal

   $ 40,312      $ 46,169      $ (7,361

State

     10,785        7,281        517   
  

 

 

   

 

 

   

 

 

 

Total current income taxes

   $ 51,097      $ 53,450      $ (6,844
  

 

 

   

 

 

   

 

 

 

Deferred income taxes:

      

Federal

     (555     (14,233     44,800   

State

     (84     (1,739     6,479   
  

 

 

   

 

 

   

 

 

 

Total deferred income taxes

     (639     (15,972     51,279   
  

 

 

   

 

 

   

 

 

 

Total income tax expense

   $ 50,458      $ 37,478      $ 44,435   
  

 

 

   

 

 

   

 

 

 
Reconciliation Of The Differences Between Taxes Computed Using The Statutory Federal Income Tax Rate And Actual Income Tax Expense
     Years Ended December 31,  

(Dollars in thousands)

   2011     2010     2009  

Income tax expense based upon the Federal statutory rate on income before income taxes

   $ 44,812      $ 35,282      $ 41,126   

Increase (decrease) in tax resulting from:

      

Tax-exempt interest, net of interest expense disallowance

     (1,139)        (963     (988

State taxes, net of federal tax benefit

     6,955        3,602        4,547   

Income earned on bank owned life insurance

     (854)        (795     (677

Non-deductible compensation costs

     644        707        1,136   

Meals, entertainment and related expenses

     802        669        527   

Tax credits

     (562)        (704     (885

Other, net

     (200)        (320     (351
  

 

 

   

 

 

   

 

 

 

Income tax expense

   $ 50,458      $ 37,478      $ 44,435   
  

 

 

   

 

 

   

 

 

 
Deferred Tax Assets And Liabilities
     Years Ended December 31,  

(Dollars in thousands)

   2011      2010  

Deferred tax assets:

     

Allowance for credit losses

   $ 44,538       $ 45,467   

Net unrealized losses on derivatives included in other comprehensive income

     4,623         5,021   

Deferred compensation

     10,855         5,881   

Stock-based compensation

     10,757         9,332   

Nonaccrued interest

     2,414         2,016   

Other real estate owned

     9,724         3,628   

Mortgage banking recourse obligation

     992         3,433   

Goodwill and intangible assets

     264         —     

Other

     3,696         1,298   
  

 

 

    

 

 

 

Total gross deferred tax assets

     87,863         76,076   
  

 

 

    

 

 

 

Deferred tax liabilities:

     

Discount on purchased loans

     37,657         35,341   

Premises and equipment

     20,591         17,668   

Goodwill and intangible assets

     —           7,649   

Deferred loan fees and costs

     5,809         5,054   

FHLB stock dividends

     3,322         2,810   

Capitalized servicing rights

     2,650         3,375   

Net unrealized gains on securities included in other comprehensive income

     2,807         1,691   

Deferred gain on termination of derivatives

     68         145   

Debt finance/prepayment charges

     1,450         2,659   

Covered assets

     30,058         16,933   

Other

     829         490   
  

 

 

    

 

 

 

Total gross deferred liabilities

     105,241         93,815   
  

 

 

    

 

 

 

Net deferred tax liabilities

   $ 17,378       $ 17,739