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Condensed Financial Information Of Synovus Financial Corp. (Parent Company Only) (Tables)
12 Months Ended
Dec. 31, 2013
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Schedule of Condensed Balance Sheets
Condensed Balance Sheets
 
 
December 31,
(in thousands)
2013
 
2012
Assets
 
 
 
Cash due from bank subsidiary
$
194,175

 
360,426

Funds due from other depository institutions(1)    
21,712

 
21,712

Investment in consolidated bank subsidiary, at equity
3,220,000

 
3,728,704

Net accumulated deficit in consolidated nonbank subsidiaries, at equity(2)    
(237,355
)
 
(208,183
)
Notes receivable from nonbank subsidiaries
438,168

 
443,935

Other assets
129,781

 
104,848

Total assets
$
3,766,481

 
4,451,442

Liabilities and Shareholders' Equity
 
 
 
Liabilities:
 
 
 
Long-term debt
$
765,307

 
841,667

Other liabilities
52,189

 
40,344

Total liabilities
817,496

 
882,011

Shareholders’ equity:
 
 
 
Series A Preferred Stock

 
957,327

Series C Preferred Stock
125,862

 

Common stock
978,045

 
792,273

Additional paid-in capital
2,138,024

 
2,189,874

Treasury stock
(114,176
)
 
(114,176
)
Accumulated other comprehensive (loss) income
(41,258
)
 
4,101

Accumulated deficit
(137,512
)
 
(259,968
)
Total shareholders’ equity
2,948,985

 
3,569,431

Total liabilities and shareholders’ equity
$
3,766,481

 
4,451,442

 
 
 
 
(1) Restricted as to withdrawal.
(2) Includes non-bank subsidiary formed during 2008 that has incurred credit losses, including losses on the disposition of non-performing assets.

Schedule of Condensed Statements of Operations
Condensed Statements of Income
 
 
Years Ended December 31,
(in thousands)
2013
 
2012
 
2011
Income
 
 
 
 
 
Cash dividends received from Synovus Bank
$
680,000

 

 

Interest income
15,366

 
18,424

 
30,057

Other income
(2,374
)
 
11,343

 
(141
)
Total income
692,992

 
29,767

 
29,916

Expenses
 
 
 
 
 
Interest expense
46,672

 
47,975

 
34,767

Other expenses
8,067

 
16,584

 
14,177

Total expenses
54,739

 
64,559

 
48,944

Income (loss) before income taxes and equity in undistributed
income (loss) of subsidiaries    
638,253

 
(34,792
)
 
(19,028
)
Allocated income tax benefit
(16,589
)
 
(54,184
)
 
(13,715
)
Income (loss) before equity in undistributed income (loss)
of subsidiaries    
654,842

 
19,392

 
(5,313
)
Equity in undistributed (loss) income of subsidiaries
(495,459
)
 
810,817

 
(55,531
)
Net income (loss)
159,383

 
830,209

 
(60,844
)
Net loss attributable to non-controlling interest

 

 
(220
)
Net income (loss) available to controlling interest
159,383

 
830,209

 
(60,624
)
Dividends and accretion of discount on preferred stock
40,830

 
58,703

 
58,088

Net income (loss) available to common shareholders
$
118,553

 
771,506

 
(118,712
)
 
 
 
 
 
 
Schedule of Condensed Statements of Comprehensive Income (Loss)
Condensed Statements of Comprehensive Income (Loss)
December 31, 2013
 
December 31, 2012
 
December 31, 2011
(in thousands)
Before-tax Amount
 
Tax (Expense) Benefit
 
Net of Tax Amount
 
Before-tax Amount
 
Tax (Expense) Benefit
 
Net of Tax Amount
 
Before-tax Amount
 
Tax (Expense) Benefit
 
Net of Tax Amount
Net income (loss)
$
252,628

 
(93,245
)
 
159,383

 
31,477

 
798,732

 
830,209

 
(59,532
)
 
(1,312
)
 
(60,844
)
Reclassification adjustment for losses(gains) realized in net income on cash flow hedges
447

 
(173
)
 
274

 
(1,381
)
 
532

 
(849
)
 
(11,316
)
 
4,279

 
(7,037
)
Valuation allowance for the change in deferred taxes arising from unrealized gains/losses*
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(4,279
)
 
(4,279
)
Net unrealized gains (losses) on investment securities available for sale
3,246

 
(1,250
)
 
1,996

 
481

 
(185
)
 
296

 
(1,225
)
 
471

 
(754
)
Valuation allowance for the change in deferred taxes arising from unrealized gains/losses*
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(471
)
 
(471
)
Other comprehensive loss of bank subsidiary
(77,460
)
 
29,831

 
(47,629
)
 
(26,737
)
 
10,298

 
(16,439
)
 
(23,524
)
 
9,451

 
(14,073
)
Valuation allowance for the change in deferred taxes arising from unrealized gains/losses*
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(9,451
)
 
(9,451
)
Other comprehensive loss
(73,767
)
 
28,408

 
(45,359
)
 
(27,637
)
 
10,645

 
(16,992
)
 
(36,065
)
 

 
(36,065
)
Less: comprehensive loss attributable to non-controlling interest
$

 

 

 

 

 

 
(220
)
 

 
(220
)
Comprehensive income (loss)

 


 
$
114,024

 

 


 
813,217

 

 


 
(96,689
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

*In accordance with ASC 740-20-45-11(b), the deferred tax asset valuation allowance associated with unrealized gains and losses not recognized in income is charged directly to other comprehensive income (loss).
Schedule of Condensed Statements of Cash Flows

Condensed Statements of Cash Flows
 
 
Years Ended December 31,
(in thousands)
2013
 
2012
 
2011
Operating Activities
 
 
 
 
 
Net income (loss) available to controlling interest
$
159,383

 
830,209

 
(60,624
)
Adjustments to reconcile net income (loss) to net cash
 provided by operating activities:
 
 
 
 
 
Equity in undistributed loss (income) of subsidiaries
495,459

 
(810,817
)
 
55,311

Deferred income tax benefit
(11,375
)
 
(48,525
)
 

Net increase (decrease) in other liabilities
11,845

 
23,367

 
(23,162
)
Net (increase) decrease in other assets
(11,238
)
 
(1,255
)
 
(4,780
)
Other, net
(2,183
)
 
(6,337
)
 
(6,912
)
Net cash provided by (used in) operating activities
641,891

 
(13,358
)
 
(40,167
)
Investing Activities
 
 
 
 
 
Net investment from (in) subsidiaries

 

 
10,000

Purchases of investment securities available for sale

 

 
(18,313
)
Proceeds from sales of investment securities available for sale



 
49,551

Net decrease (increase) in short-term notes receivable from
 non-bank subsidiaries    
5,768

 
49,865

 
107,944

Net cash provided by investing activities
5,768

 
49,865

 
149,182

Financing Activities
 
 
 
 
 
Dividends paid to common and preferred shareholders
(72,898
)
 
(79,856
)
 
(79,813
)
Transfer of funds to dividend payment agent

 
(7,853
)
 

Principal repayments on long-term debt
(74,178
)
 
(170,801
)
 
(21,701
)
Proceeds from issuance of long-term debt

 
292,639

 

Proceeds from issuance of Series C Preferred Stock, net of issuance costs
125,862

 

 

Redemption of Series A Preferred Stock
(967,870
)
 

 

Proceeds from issuance of common stock, net of issuance costs
175,174

 

 

Net cash (used in) provided by financing activities
(813,910
)
 
34,129

 
(101,514
)
(Decrease) increase in cash and funds due from banks
(166,251
)
 
70,636

 
7,501

Cash and funds due from banks at beginning of year
382,138

 
311,502

 
304,001

Cash and funds due from banks at end of year
$
215,887

 
382,138

 
311,502