XML 72 R83.htm IDEA: XBRL DOCUMENT v2.4.0.6
Long-term Debt and Short-term Borrowings (Schedule of Long-term Debt Instruments) (Details) (USD $)
12 Months Ended 12 Months Ended 0 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Dec. 31, 2011
Loans Receivable [Member]
Dec. 31, 2011
Securities Investment [Member]
Dec. 31, 2011
Parent Company [Member]
Dec. 31, 2010
Parent Company [Member]
Dec. 31, 2011
Parent Company [Member]
4.875% Subordinated Notes due February 15, 2013 [Member]
Dec. 31, 2010
Parent Company [Member]
4.875% Subordinated Notes due February 15, 2013 [Member]
Dec. 31, 2011
Parent Company [Member]
5.125% Subordinated Notes due June 15, 2017 [Member]
Dec. 31, 2010
Parent Company [Member]
5.125% Subordinated Notes due June 15, 2017 [Member]
Dec. 31, 2011
Parent Company [Member]
13.00% Junior Subordinated Amortizing Notes with Quarterly Interest and Principal Payments through May 15, 2013 [Member]
Dec. 31, 2010
Parent Company [Member]
13.00% Junior Subordinated Amortizing Notes with Quarterly Interest and Principal Payments through May 15, 2013 [Member]
Dec. 31, 2011
Parent Company [Member]
LIBOR Plus 1.80% debentures, due April 19, 2035 [Member]
Dec. 31, 2010
Parent Company [Member]
LIBOR Plus 1.80% debentures, due April 19, 2035 [Member]
Dec. 31, 2011
Subsidiaries [Member]
Dec. 31, 2010
Subsidiaries [Member]
Dec. 31, 2011
Subsidiaries [Member]
FHLB Advances [Member]
Dec. 31, 2010
Subsidiaries [Member]
FHLB Advances [Member]
Dec. 31, 2011
Subsidiaries [Member]
Other Notes Payable and Capital Leases [Member]
Dec. 31, 2010
Subsidiaries [Member]
Other Notes Payable and Capital Leases [Member]
Feb. 13, 2012
Issuance of Debt [Member]
7.875% Senior Notes due February 15, 2019 [Member]
Feb. 21, 2012
Tender Offer [Member]
4.875% Subordinated Notes due February 15, 2013 [Member]
Debt Instrument [Line Items]                                              
Subordinated notes               $ 206,750,000 [1] $ 206,750,000 [1] $ 450,000,000 $ 450,000,000                        
Junior subordinated notes                       38,229,000 59,931,000                    
Unsecured Debt                           10,000,000 10,000,000                
Hedge-related basis adjustments           21,188,000 [2] 28,102,000 [2]                                
FHLB advances with interest and principal payments due at various maturity dates through 2018                                   633,839,000 1,047,479,000        
Other notes payable and capital leases with interest and principal payments due at various maturity dates through 2031                                       4,721,000 5,899,000    
Long-term debt 1,364,727,000 1,808,161,000       726,167,000 754,783,000                 638,560,000 1,053,378,000            
Stated percentage               4.875% 4.875% 5.125% 5.125% 13.00% 13.00%                 7.875%  
Description of variable rate basis                           LIBOR LIBOR                
Basis spread on variable rate                           1.80% 1.80%                
Interest rate at period end 0.24% 0.30% 0.53%                     2.35%                  
Stated percentage rate range, minimum                                   0.35%          
Stated percentage rate range, maximum                                   4.70%          
Weighted average interest rate                                   1.05%   3.89%      
Aggregate principal amount                                           300,000,000  
Proceeds from public offering, net of discount and debt issuance costs                                           292,800,000  
Extinguishment of Debt, Amount                                             145,600,000
Early Repayment of Subordinated Debt                                             145,600,000
Tender Offer, Tender Amount per $1,000 Principal Amount, After Early Tender Deadline                                             970
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged       $ 3,800,000,000 $ 10,400,000                                    
[1] On February 13, 2012, Synovus issued $300 million aggregate principal amount of 7.875% senior notes due February 15, 2019 (“the 2019 Senior Notes”) in a public offering for aggregate proceeds of $292.8 million, net of discount and debt issuance costs. Concurrent with this offering, Synovus announced a cash tender offer (“Tender Offer”) for any and all of its outstanding 4.875% subordinated notes due February 15, 2013 (“the 2013 Notes”), with a total principal amount outstanding of approximately $206.8 million. Approximately $145.6 million of the 2013 Notes were tendered by the early tender deadline of February 21, 2012 (“the Early Tender Deadline”), and Synovus paid total consideration of $145.6 million for these notes. Holders of the 2013 notes who did not tender by the Early Tender Deadline have until March 6, 2012 to tender their 2013 Notes. Holders who tender their 2013 Notes after February 21, 2012 but at or before March 6, 2012 will receive $970 per $1,000 principal amount of the 2013 Notes tendered. The Tender Offer was, and additional tenders will be, funded from a portion of the net proceeds of the 2019 Senior Notes described herein.
[2] Unamortized balance of terminated interest rate swaps reflected in debt for financial reporting purposes.