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Business Segment (Tables)
6 Months Ended
Jun. 30, 2015
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following tables present information regarding our business segments as of and for the periods indicated:
 
June 30, 2015
 
Community
 
National
 
 
 
Consolidated
Balance Sheet Data:
Banking
 
Lending
 
Other
 
Company
 
(In thousands)
Loans and leases, net of deferred fees
$
3,101,834

 
$
8,923,079

 
$
9,276

 
$
12,034,189

Allowance for loan and lease losses
(41,108
)
 
(58,260
)
 
(7
)
 
(99,375
)
Total loans and leases, net
$
3,060,726

 
$
8,864,819

 
$
9,269

 
$
11,934,814

Goodwill
$
333,979

 
$
1,394,401

 
$

 
$
1,728,380

Core deposit and customer relationship intangibles, net
13,528

 
673

 

 
14,201

Total assets
6,685,456

 
9,870,154

 
141,410

 
16,697,020

Total deposits(1)
12,962,905

 
35,420

 
(416,509
)
 
12,581,816

________________________
(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.

 
June 30, 2014
 
Community
 
National
 
 
 
Consolidated
Balance Sheet Data:
Banking
 
Lending
 
Other
 
Company
 
(In thousands)
Loans and leases, net of deferred fees
$
3,537,994

 
$
7,599,030

 
$
53,081

 
$
11,190,105

Allowance for loan and lease losses
(66,039
)
 
(16,110
)
 

 
(82,149
)
Total loans and leases, net
$
3,471,955

 
$
7,582,920

 
$
53,081

 
$
11,107,956

Goodwill
$
279,296

 
$
1,445,857

 
$

 
$
1,725,153

Core deposit and customer relationship intangibles, net
19,330

 
1,101

 

 
20,431

Total assets
6,100,744

 
9,275,500

 
308,427

 
15,684,671

Total deposits(1)
11,909,853

 
28,302

 
(270,358
)
 
11,667,797

________________________
(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.
Reconciliation of Operating Profit (Loss) from Segments to Consolidated
 
Three Months Ended June 30, 2015
 
Community
 
National
 
 
 
Consolidated
Results of Operations:
Banking
 
Lending
 
Other
 
Company
 
(In thousands)
Interest income
$
63,392

 
$
154,816

 
$
247

 
$
218,455

Interest expense
(11,273
)
 
(48
)
 
(4,582
)
 
(15,903
)
Intersegment interest income (expense)
7,140

 
(7,140
)
 

 

Net interest income (expense)
59,259

 
147,628

 
(4,335
)
 
202,552

Negative provision (provision) for credit losses
734

 
(7,263
)
 

 
(6,529
)
Loss on securities
(186
)
 

 

 
(186
)
FDIC loss sharing expense, net
(5,107
)
 

 

 
(5,107
)
Other noninterest income
4,235

 
14,465

 
6,216

 
24,916

Total noninterest income
(1,058
)
 
14,465

 
6,216

 
19,623

Foreclosed assets (expense) income, net
(351
)
 
(22
)
 
2,713

 
2,340

Intangible asset amortization
(1,390
)
 
(112
)
 

 
(1,502
)
Acquisition, integration and reorganization costs
(806
)
 

 
(94
)
 
(900
)
Other noninterest expense
(58,304
)
 
(24,164
)
 
(2,746
)
 
(85,214
)
Total noninterest expense
(60,851
)
 
(24,298
)
 
(127
)
 
(85,276
)
Intersegment noninterest income (expense)
28,857

 
(28,857
)
 

 

Total noninterest expense - adjusted
(31,994
)
 
(53,155
)
 
(127
)
 
(85,276
)
Earnings before taxes
26,941

 
101,675

 
1,754

 
130,370

Income tax (expense) benefit
(10,484
)
 
(39,566
)
 
4,763

 
(45,287
)
Net earnings
$
16,457

 
$
62,109

 
$
6,517

 
$
85,083

 
Three Months Ended March 31, 2015
 
Community
 
National
 
 
 
Consolidated
Results of Operations:
Banking
 
Lending
 
Other
 
Company
 
(In thousands)
Interest income
$
62,956

 
$
151,219

 
$
139

 
$
214,314

Interest expense
(10,661
)
 
(53
)
 
(4,525
)
 
(15,239
)
Intersegment interest income (expense)
6,721

 
(6,721
)
 

 

Net interest income (expense)
59,016

 
144,445

 
(4,386
)
 
199,075

Negative provision (provision) for credit losses
8,064

 
(24,406
)
 
(92
)
 
(16,434
)
Gain on securities
3,275

 

 

 
3,275

FDIC loss sharing expense, net
(4,399
)
 

 

 
(4,399
)
Other noninterest income
9,575

 
5,142

 
7,278

 
21,995

Total noninterest income
8,451

 
5,142

 
7,278

 
20,871

Foreclosed assets expense, net
(44
)
 
(61
)
 
(231
)
 
(336
)
Intangible asset amortization
(1,389
)
 
(112
)
 

 
(1,501
)
Acquisition, integration and reorganization costs
(1,890
)
 

 
(110
)
 
(2,000
)
Other noninterest expense
(55,205
)
 
(22,837
)
 
(2,481
)
 
(80,523
)
Total noninterest expense
(58,528
)
 
(23,010
)
 
(2,822
)
 
(84,360
)
Intersegment noninterest income (expense)
26,563

 
(26,563
)
 

 

Total noninterest expense - adjusted
(31,965
)
 
(49,573
)
 
(2,822
)
 
(84,360
)
Earnings (loss) before taxes
43,566

 
75,608

 
(22
)
 
119,152

Income tax (expense) benefit
(16,873
)
 
(29,282
)
 
82

 
(46,073
)
Net earnings
$
26,693

 
$
46,326

 
$
60

 
$
73,079

 
Three Months Ended June 30, 2014
 
Community
 
National
 
 
 
Consolidated
Results of Operations:
Banking
 
Lending
 
Other
 
Company
 
(In thousands)
Interest income
$
69,977

 
$
132,742

 
$
1,644

 
$
204,363

Interest expense
(7,450
)
 
(62
)
 
(4,318
)
 
(11,830
)
Intersegment interest income (expense)
4,071

 
(4,071
)
 

 

Net interest income (expense)
66,598

 
128,609

 
(2,674
)
 
192,533

Negative provision (provision) for credit losses
4,418

 
(9,448
)
 

 
(5,030
)
Gain on securities
89

 

 

 
89

FDIC loss sharing expense, net
(8,525
)
 

 

 
(8,525
)
Other noninterest income
3,681

 
12,487

 
747

 
16,915

Total noninterest income
(4,755
)
 
12,487

 
747

 
8,479

Foreclosed assets income (expense), net
(633
)
 
38

 
98

 
(497
)
Intangible asset amortization
(1,530
)
 
(147
)
 

 
(1,677
)
Acquisition, integration and reorganization costs
(77,713
)
 
(7,474
)
 
(1,055
)
 
(86,242
)
Other noninterest expense
(50,801
)
 
(24,484
)
 
(5,499
)
 
(80,784
)
Total noninterest expense
(130,677
)
 
(32,067
)
 
(6,456
)
 
(169,200
)
Intersegment noninterest income (expense)
23,533

 
(23,533
)
 

 

Total noninterest expense - adjusted
(107,144
)
 
(55,600
)
 
(6,456
)
 
(169,200
)
(Loss) earnings from continuing operations before taxes
(40,883
)
 
76,048

 
(8,383
)
 
26,782

Income tax (expense) benefit
11,375

 
(30,259
)
 
3,332

 
(15,552
)
Net (loss) earnings from continuing operations
(29,508
)
 
45,789

 
(5,051
)
 
11,230

Loss from discontinued operations before taxes
(1,151
)
 

 

 
(1,151
)
Income tax benefit
476

 

 

 
476

Net loss from discontinued operations
(675
)
 

 

 
(675
)
Net (loss) earnings
$
(30,183
)
 
$
45,789

 
$
(5,051
)
 
$
10,555

 
Six Months Ended June 30, 2015
 
Community
 
National
 
 
 
Consolidated
Results of Operations:
Banking
 
Lending
 
Other
 
Company
 
(In thousands)
Interest income
$
126,348

 
$
306,035

 
$
386

 
$
432,769

Interest expense
(21,934
)
 
(101
)
 
(9,107
)
 
(31,142
)
Intersegment interest income (expense)
13,861

 
(13,861
)
 

 

Net interest income (expense)
118,275

 
292,073

 
(8,721
)
 
401,627

Negative provision (provision) for credit losses
8,798

 
(31,669
)
 
(92
)
 
(22,963
)
Gain on securities
3,089

 

 

 
3,089

FDIC loss sharing expense, net
(9,506
)
 

 

 
(9,506
)
Other noninterest income
13,810

 
19,607

 
13,494

 
46,911

Total noninterest income (expense)
7,393

 
19,607

 
13,494

 
40,494

Foreclosed assets (expense) income, net
(395
)
 
(83
)
 
2,482

 
2,004

Intangible asset amortization
(2,779
)
 
(224
)
 

 
(3,003
)
Acquisition, integration and reorganization costs
(2,696
)
 

 
(204
)
 
(2,900
)
Other noninterest expense
(113,509
)
 
(47,001
)
 
(5,227
)
 
(165,737
)
Total noninterest expense
(119,379
)
 
(47,308
)
 
(2,949
)
 
(169,636
)
Intersegment noninterest income (expense)
55,420

 
(55,420
)
 

 

Total noninterest expense - adjusted
(63,959
)
 
(102,728
)
 
(2,949
)
 
(169,636
)
Earnings (loss) from continuing operations before taxes
70,507

 
177,283

 
1,732

 
249,522

Income tax (expense) benefit
(27,357
)
 
(68,848
)
 
4,845

 
(91,360
)
Net earnings
$
43,150

 
$
108,435

 
$
6,577

 
$
158,162

 
Six Months Ended June 30, 2014
 
Community
 
National
 
 
 
Consolidated
Results of Operations:
Banking
 
Lending
 
Other
 
Company
 
(In thousands)
Interest income
$
147,572

 
$
143,507

 
$
1,644

 
$
292,723

Interest expense
(8,677
)
 
(139
)
 
(5,359
)
 
(14,175
)
Intersegment interest income (expense)
4,293

 
(4,293
)
 

 

Net interest income (expense)
143,188

 
139,075

 
(3,715
)
 
278,548

Negative provision (provision) for credit losses
5,244

 
(9,630
)
 

 
(4,386
)
Gain on securities
4,841

 

 

 
4,841

FDIC loss sharing expense, net
(19,955
)
 

 

 
(19,955
)
Other noninterest income
10,578

 
16,932

 
774

 
28,284

Total noninterest income
(4,536
)
 
16,932

 
774

 
13,170

Foreclosed assets income, net
1,228

 
38

 
98

 
1,364

Intangible asset amortization
(2,721
)
 
(320
)
 

 
(3,041
)
Acquisition, integration and reorganization costs
(79,913
)
 
(7,474
)
 
(1,055
)
 
(88,442
)
Other noninterest expense
(91,086
)
 
(31,057
)
 
(7,102
)
 
(129,245
)
Total noninterest expense
(172,492
)
 
(38,813
)
 
(8,059
)
 
(219,364
)
Intersegment noninterest income (expense)
23,533

 
(23,533
)
 

 

Total noninterest expense - adjusted
(148,959
)
 
(62,346
)
 
(8,059
)
 
(219,364
)
(Loss) earnings from continuing operations before taxes
(5,063
)
 
84,031

 
(11,000
)
 
67,968

Income tax (expense) benefit
(1,664
)
 
(33,590
)
 
4,421

 
(30,833
)
Net (loss) earnings from continuing operations
(6,727
)
 
50,441

 
(6,579
)
 
37,135

Loss from discontinued operations before taxes
(2,564
)
 

 

 
(2,564
)
Income tax benefit
1,064

 

 

 
1,064

Net loss from discontinued operations
(1,500
)
 

 

 
(1,500
)
Net (loss) earnings
$
(8,227
)
 
$
50,441

 
$
(6,579
)
 
$
35,635