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Business Segments (Tables)
9 Months Ended
Sep. 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:
 
September 30, 2015
 
Community
 
National
 
 
 
Consolidated
Balance Sheet Data:
Banking
 
Lending
 
Other
 
Company
 
(In thousands)
Loans and leases, net of deferred fees
$
3,141,576

 
$
9,302,580

 
$
8,049

 
$
12,452,205

Allowance for loan and lease losses
(39,522
)
 
(63,749
)
 

 
(103,271
)
Total loans and leases, net
$
3,102,054

 
$
9,238,831

 
$
8,049

 
$
12,348,934

Goodwill
$
333,979

 
$
1,394,401

 
$

 
$
1,728,380

Core deposit and customer relationship intangibles, net
12,143

 
561

 

 
12,704

Total assets
6,288,790

 
10,418,282

 
107,033

 
16,814,105

Total deposits(1)
12,484,050

 
36,586

 
(404,873
)
 
12,115,763

________________________
(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.

 
September 30, 2014
 
Community
 
National
 
 
 
Consolidated
Balance Sheet Data:
Banking
 
Lending
 
Other
 
Company
 
(In thousands)
Loans and leases, net of deferred fees
$
3,482,125

 
$
8,064,868

 
$
27,892

 
$
11,574,885

Allowance for loan and lease losses
(56,712
)
 
(25,187
)
 

 
(81,899
)
Total loans and leases, net
$
3,425,413

 
$
8,039,681

 
$
27,892

 
$
11,492,986

Goodwill
$
327,728

 
$
1,394,401

 
$

 
$
1,722,129

Core deposit and customer relationship intangibles, net
17,814

 
1,009

 

 
18,823

Total assets
6,492,674

 
9,182,617

 
262,859

 
15,938,150

Total deposits(1)
11,826,681

 

 
(303,244
)
 
11,523,437

________________________
(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 September 30, 2015
 
Community
 
National
 
 
 
Consolidated
Results of Operations:
Banking
 
Lending
 
Other
 
Company
 
(In thousands)
Interest income
$
58,368

 
$
148,264

 
$
1,040

 
$
207,672

Interest expense
(10,430
)
 
(42
)
 
(4,680
)
 
(15,152
)
Intersegment interest income (expense)
6,629

 
(6,629
)
 

 

Net interest income (expense)
54,567

 
141,593

 
(3,640
)
 
192,520

Negative provision (provision) for credit losses
1,309

 
(10,145
)
 
90

 
(8,746
)
Gain on sale of securities
655

 

 

 
655

FDIC loss sharing expense, net
(4,449
)
 

 

 
(4,449
)
Other noninterest income
7,956

 
7,478

 
4,118

 
19,552

Total noninterest income
4,162

 
7,478

 
4,118

 
15,758

Foreclosed assets (expense) income, net
(4,787
)
 
39

 
227

 
(4,521
)
Intangible asset amortization
(1,385
)
 
(112
)
 

 
(1,497
)
Acquisition, integration and reorganization costs
(747
)
 

 

 
(747
)
Other noninterest expense
(56,318
)
 
(23,763
)
 
(3,293
)
 
(83,374
)
Total noninterest expense
(63,237
)
 
(23,836
)
 
(3,066
)
 
(90,139
)
Intersegment noninterest income (expense)
28,280

 
(28,280
)
 

 

Total noninterest expense - adjusted
(34,957
)
 
(52,116
)
 
(3,066
)
 
(90,139
)
Earnings (loss) before taxes
25,081

 
86,810

 
(2,498
)
 
109,393

Income tax (expense) benefit
(9,584
)
 
(33,172
)
 
2,979

 
(39,777
)
Net earnings
$
15,497

 
$
53,638

 
$
481

 
$
69,616

 
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 sale of 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 September 30, 2014
 
Community
 
National
 
 
 
Consolidated
Results of Operations:
Banking
 
Lending
 
Other
 
Company
 
(In thousands)
Interest income
$
67,132

 
$
134,624

 
$
600

 
$
202,356

Interest expense
(8,851
)
 
(45
)
 
(4,614
)
 
(13,510
)
Intersegment interest income (expense)
5,250

 
(5,250
)
 

 

Net interest income (expense)
63,531

 
129,329

 
(4,014
)
 
188,846

Negative provision (provision) for credit losses
6,314

 
(11,364
)
 

 
(5,050
)
FDIC loss sharing expense, net
(7,415
)
 

 

 
(7,415
)
Other noninterest income
7,566

 
9,953

 
6,210

 
23,729

Total noninterest income
151

 
9,953

 
6,210

 
16,314

Foreclosed assets (expense) income, net
(4,627
)
 
(322
)
 
122

 
(4,827
)
Intangible asset amortization
(1,517
)
 
(91
)
 

 
(1,608
)
Acquisition, integration and reorganization costs
(3,953
)
 
(1,240
)
 

 
(5,193
)
Other noninterest expense
(53,078
)
 
(24,835
)
 
(5,382
)
 
(83,295
)
Total noninterest expense
(63,175
)
 
(26,488
)
 
(5,260
)
 
(94,923
)
Intersegment noninterest income (expense)
26,411

 
(26,411
)
 

 

Total noninterest expense - adjusted
(36,764
)
 
(52,899
)
 
(5,260
)
 
(94,923
)
Earnings (loss) from continuing operations before taxes
33,232

 
75,019

 
(3,064
)
 
105,187

Income tax (expense) benefit
(14,576
)
 
(30,113
)
 
1,778

 
(42,911
)
Net earnings (loss) from continuing operations
18,656

 
44,906

 
(1,286
)
 
62,276

Loss from discontinued operations before taxes
(8
)
 

 

 
(8
)
Income tax benefit
3

 

 

 
3

Net loss from discontinued operations
(5
)
 

 

 
(5
)
Net earnings (loss)
$
18,651

 
$
44,906

 
$
(1,286
)
 
$
62,271

 
Nine Months Ended September 30, 2015
 
Community
 
National
 
 
 
Consolidated
Results of Operations:
Banking
 
Lending
 
Other
 
Company
 
(In thousands)
Interest income
$
184,716

 
$
454,299

 
$
1,426

 
$
640,441

Interest expense
(32,364
)
 
(143
)
 
(13,787
)
 
(46,294
)
Intersegment interest income (expense)
20,490

 
(20,490
)
 

 

Net interest income (expense)
172,842

 
433,666

 
(12,361
)
 
594,147

Negative provision (provision) for credit losses
10,107

 
(41,814
)
 
(2
)
 
(31,709
)
Gain on sale of securities
3,744

 

 

 
3,744

FDIC loss sharing expense, net
(13,955
)
 

 

 
(13,955
)
Other noninterest income
21,766

 
27,085

 
17,612

 
66,463

Total noninterest income (expense)
11,555

 
27,085

 
17,612

 
56,252

Foreclosed assets (expense) income, net
(5,182
)
 
(44
)
 
2,709

 
(2,517
)
Intangible asset amortization
(4,164
)
 
(336
)
 

 
(4,500
)
Acquisition, integration and reorganization costs
(3,443
)
 

 
(204
)
 
(3,647
)
Other noninterest expense
(169,827
)
 
(70,764
)
 
(8,520
)
 
(249,111
)
Total noninterest expense
(182,616
)
 
(71,144
)
 
(6,015
)
 
(259,775
)
Intersegment noninterest income (expense)
83,700

 
(83,700
)
 

 

Total noninterest expense - adjusted
(98,916
)
 
(154,844
)
 
(6,015
)
 
(259,775
)
Earnings (loss) before taxes
95,588

 
264,093

 
(766
)
 
358,915

Income tax (expense) benefit
(36,941
)
 
(102,020
)
 
7,824

 
(131,137
)
Net earnings
$
58,647

 
$
162,073

 
$
7,058

 
$
227,778

 
Nine Months Ended September 30, 2014
 
Community
 
National
 
 
 
Consolidated
Results of Operations:
Banking
 
Lending
 
Other
 
Company
 
(In thousands)
Interest income
$
214,704

 
$
278,131

 
$
2,244

 
$
495,079

Interest expense
(17,528
)
 
(184
)
 
(9,973
)
 
(27,685
)
Intersegment interest income (expense)
9,543

 
(9,543
)
 

 

Net interest income (expense)
206,719

 
268,404

 
(7,729
)
 
467,394

Negative provision (provision) for credit losses
11,558

 
(20,994
)
 

 
(9,436
)
Gain on sale of securities
4,841

 

 

 
4,841

FDIC loss sharing expense, net
(27,370
)
 

 

 
(27,370
)
Other noninterest income
18,144

 
26,885

 
6,984

 
52,013

Total noninterest income
(4,385
)
 
26,885

 
6,984

 
29,484

Foreclosed assets (expense) income, net
(3,399
)
 
(284
)
 
220

 
(3,463
)
Intangible asset amortization
(4,238
)
 
(411
)
 

 
(4,649
)
Acquisition, integration and reorganization costs
(83,866
)
 
(8,714
)
 
(1,055
)
 
(93,635
)
Other noninterest expense
(144,164
)
 
(55,892
)
 
(12,484
)
 
(212,540
)
Total noninterest expense
(235,667
)
 
(65,301
)
 
(13,319
)
 
(314,287
)
Intersegment noninterest income (expense)
49,944

 
(49,944
)
 

 

Total noninterest expense - adjusted
(185,723
)
 
(115,245
)
 
(13,319
)
 
(314,287
)
Earnings (loss) from continuing operations before taxes
28,169

 
159,050

 
(14,064
)
 
173,155

Income tax (expense) benefit
(16,240
)
 
(63,703
)
 
6,199

 
(73,744
)
Net earnings (loss) from continuing operations
11,929

 
95,347

 
(7,865
)
 
99,411

Loss from discontinued operations before taxes
(2,572
)
 

 

 
(2,572
)
Income tax benefit
1,067

 

 

 
1,067

Net loss from discontinued operations
(1,505
)
 

 

 
(1,505
)
Net earnings (loss)
$
10,424

 
$
95,347

 
$
(7,865
)
 
$
97,906