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Summary of Quarterly Financial Data (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2012
Quarterly Financial Data [Abstract]  
Schedule of Quarterly Financial Information
Presented below is a summary of the unaudited consolidated quarterly financial data for the years ended December 31, 2012 and 2011.
 
2012
 
(in thousands, except per share data)
Fourth Quarter
 
Third
Quarter
 
Second Quarter
 
First
Quarter
Interest income
$
240,000

 
247,676

 
253,809

 
262,654

Net interest income
207,456

 
212,345

 
213,356

 
220,959

Provision for loan losses
146,526

 
63,572

 
44,222

 
66,049

(Loss) income before income taxes
(72,299
)
 
30,514

 
37,347

 
35,916

Income tax benefit
(796,339
)
 
(211
)
 
(2,105
)
 
(77
)
Net income (1)    
724,040

 
30,725

 
39,452

 
35,993

Net income available to common shareholders (1)    
$
709,304

 
16,030

 
24,803

 
21,369

Basic earnings per common share:
 
 
 
 
 
 
 
Net income available to common shareholders
$
0.90

 
0.02

 
0.03

 
0.03

Diluted earnings per common share:
 
 
 
 
 
 
 
Net income available to common shareholders
$
0.78

 
0.02

 
0.03

 
0.02

 
 
 
 
 
 
 
 
 
2011
 
Fourth Quarter
 
Third
Quarter

 
Second Quarter
 
First
Quarter

Interest income
$
273,303

 
281,970

 
288,052

 
298,432

Net interest income
227,156

 
228,603

 
230,961

 
237,434

Provision for loan losses
54,565

 
102,325

 
120,159

 
141,746

Income (loss) before income taxes
26,979

 
37,118

 
(43,764
)
 
(79,864
)
Income tax (benefit) loss
(378
)
 
6,910

 
(4,764
)
 
(456
)
Net income (loss) (1)    
27,357

 
30,208

 
(39,000
)
 
(79,408
)
Net income (loss) available common shareholders (1)    
$
12,779

 
15,667

 
(53,504
)
 
(93,654
)
Basic earnings per common share:
 
 
 
 
 
 
 
Net income (loss) available to common shareholders    
$
0.02

 
0.02

 
(0.07
)
 
(0.12
)
Diluted earnings per common share:
 
 
 
 
 
 
 
Net income (loss) available to common shareholders
$
0.01

 
0.02

 
(0.07
)
 
(0.12
)
 
 
 
 
 
 
 
 
(1) The fourth quarter of 2012 results reflect a $796.3 million income tax benefit due primarily to the reversal of substantially all of the deferred tax asset valuation allowance. For additional discussion of the valuation allowance for deferred tax assets, see "Part II - Item 8. Financial Statements and Supplementary Data - Note 24 - Income Taxes" of this Report.