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BUSINESS SEGMENTS (Tables)
 12 Months Ended
Dec. 31, 2013
BUSINESS SEGMENTS  
Schedule of information regarding business segments

 

 

 
   December 31, 2013  
Balance Sheet Data
  Banking   Asset
Financing		   Other   Consolidated
Company		  
 
   (In thousands)
  

Loans and leases, net of unearned income

   $ 3,837,475   $ 474,877   $ —   $ 4,312,352  

Allowance for loan and lease losses

     (75,498 )   (6,536 )   —     (82,034 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total loans and leases, net

   $ 3,761,977   $ 468,341   $ —   $ 4,230,318  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   

Goodwill(1)

   $ 183,065   $ 25,678   $ —   $ 208,743  

Core deposit and customer relationship intangibles, net

     15,331     1,917     —     17,248  

Total assets

     6,004,067     519,675     9,621     6,533,363  

Total deposits(2)

     5,302,822     —     (21,835 )   5,280,987  
(1)
The increase in the Banking segment's goodwill during 2013 was due primarily to $129.1 million from the FCAL acquisition.

(2)
The negative balance for total deposits in the "Other" segment represents the elimination of holding company cash held in deposit accounts at the Bank.

 
   December 31, 2012  
Balance Sheet Data
  Banking   Asset
Financing		   Other   Consolidated
Company		  
 
   (In thousands)
  

Loans and leases, net of unearned income

   $ 3,175,165   $ 415,132   $ —   $ 3,590,297  

Allowance for loan and lease losses

     (87,538 )   (4,430 )   —     (91,968 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total loans and leases, net

   $ 3,087,627   $ 410,702   $ —   $ 3,498,329  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   

Goodwill

   $ 54,188   $ 25,678   $ —   $ 79,866  

Core deposit and customer relationship intangibles, net

     12,151     2,572     —     14,723  

Total assets

     4,991,927     451,557     20,174     5,463,658  

Total deposits(1)

     4,737,593     —     (28,472 )   4,709,121  
(1)
The negative balance for total deposits in the "Other" segment represents the elimination of holding company cash held in deposit accounts at the Bank.


 
   Year Ended December 31, 2013  
Results of Operations
  Banking   Asset
Financing		   Other   Consolidated
Company		  
 
   (In thousands)
  

Interest income

   $ 261,492   $ 48,422   $ —   $ 309,914  

Intersegment interest income (expense)

     1,525     (1,525 )   —     —  

Other interest expense

     (7,873 )   (532 )   (3,796 )   (12,201 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net interest income

     255,144     46,365     (3,796 )   297,713  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Negative provision (provision) for credit losses

     8,079     (3,869 )   —     4,210  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

FDIC loss sharing expense

     (26,172 )   —     —     (26,172 )

Acquisition-related securities gain

     —     —     5,222     5,222  

Other noninterest income

     21,532     3,558     104     25,194  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total noninterest income

     (4,640 )   3,558     5,326     4,244  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Accelerated vesting of restricted stock

     (12,420 )   —     —     (12,420 )

OREO income (expense)

     1,503     —     —     1,503  

Intangible asset amortization

     (4,748 )   (654 )   —     (5,402 )

Acquisition and integration costs

     (28,132 )   —     (260 )   (28,392 )

Other noninterest expense

     (156,600 )   (23,575 )   (5,801 )   (185,976 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total noninterest expense

     (200,397 )   (24,229 )   (6,061 )   (230,687 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Earnings (loss) from continuing operations before income taxes

     58,186     21,825     (4,531 )   75,480  

Income tax (expense) benefit

     (24,940 )   (9,101 )   4,038     (30,003 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net earnings (loss) from continuing operations          

     33,246     12,724     (493 )   45,477  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Loss from discontinued operations before income taxes

     (620 )   —     —     (620 )

Income tax benefit

     258     —     —     258  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net loss from discontinued operations

     (362 )   —     —     (362 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net earnings (loss)

   $ 32,884   $ 12,724   $ (493 ) $ 45,115  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   


 

 
   Year Ended December 31, 2012  
Results of Operations
  Banking   Asset
Financing		   Other   Consolidated
Company		  
 
   (In thousands)
  

Interest income

   $ 251,720   $ 44,395   $ —   $ 296,115  

Intersegment interest income (expense)

     2,055     (2,055 )   —     —  

Other interest expense

     (15,043 )   (884 )   (3,721 )   (19,648 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net interest income

     238,732     41,456     (3,721 )   276,467  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Negative provision (provision) for credit losses

     14,585     (1,766 )   —     12,819  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

FDIC loss sharing expense

     (10,070 )   —     —     (10,070 )

Other noninterest income

     21,811     4,017     114     25,942  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total noninterest income

     11,741     4,017     114     15,872  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

OREO expense

     (10,931 )   —     —     (10,931 )

Intangible asset amortization

     (5,898 )   (428 )   —     (6,326 )

Acquisition and integration costs

     (4,089 )   —     —     (4,089 )

Debt termination expense

     (24,195 )   —     1,597     (22,598 )

Other noninterest expense

     (138,640 )   (23,502 )   (5,576 )   (167,718 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total noninterest expense

     (183,753 )   (23,930 )   (3,979 )   (211,662 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Earnings (loss) before income taxes

     81,305     19,777     (7,586 )   93,496  

Income tax (expense) benefit

     (31,542 )   (8,327 )   3,174     (36,695 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net earnings (loss)

   $ 49,763   $ 11,450   $ (4,412 ) $ 56,801  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   


 

 
   Year Ended December 31, 2011  
Results of Operations
  Banking   Asset
Financing		   Other   Consolidated
Company		  
 
   (In thousands)
  

Interest income

   $ 276,734   $ 18,550   $ —   $ 295,284  

Intersegment interest income (expense)

     1,226     (1,226 )   —     —  

Other interest expense

     (27,720 )   —     (4,923 )   (32,643 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net interest income

     250,240     17,324     (4,923 )   262,641  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Provision for credit losses

     (26,520 )   (50 )   —     (26,570 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

FDIC loss sharing income

     7,776     —     —     7,776  

Other noninterest income

     22,833     660     157     23,650  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total noninterest income

     30,609     660     157     31,426  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

OREO expense

     (10,676 )   —     —     (10,676 )

Intangible asset amortization

     (8,264 )   (164 )   —     (8,428 )

Acquisition and integration costs

     (600 )   —     —     (600 )

Other noninterest expense

     (141,188 )   (10,846 )   (8,255 )   (160,289 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total noninterest expense

     (160,728 )   (11,010 )   (8,255 )   (179,993 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Earnings (loss) before income taxes

     93,601     6,924     (13,021 )   87,504  

Income tax (expense) benefit

     (39,554 )   (2,917 )   5,671     (36,800 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net earnings (loss)

   $ 54,047   $ 4,007   $ (7,350 ) $ 50,704  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​