Fair Value Of Assets And Liabilities (Tables)

12 Months Ended

Dec. 31, 2011

Fair Value Of Assets And Liabilities [Abstract]

Schedule Of Assets And Liabilities Measured At Fair Value On Recurring Basis

(Dollars in thousands)	December 31, 2011
	Level 1			Level 2			Level 3			Total
Trading securities – capital markets:
U.S. treasuries		$	-		$	53,656		$	-		$	53,656
Government agency issued MBS			-			314,002			-			314,002
Government agency issued CMO			-			129,270			-			129,270
Other U.S. government agencies			-			173,982			-			173,982
States and municipalities			-			24,525			-			24,525
Corporate and other debt			-			265,926			5			265,931
Equity, mutual funds, and other			-			746			-			746
Total trading securities – capital markets			-			962,107			5			962,112
Trading securities – mortgage banking
Principal only			-			8,052			-			8,052
Interest only			-			-			18,054			18,054
Total trading securities – mortgage banking			-			8,052			18,054			26,106
Loans held for sale			-			10,902			210,487			221,389
Securities available for sale:
U.S. treasuries			-			40,121			-			40,121
Government agency issued MBS			-			1,410,228			-			1,410,228
Government agency issued CMO			-			1,357,943			-			1,357,943
Other U.S. government agencies			-			10,189			5,762			15,951
States and municipalities			-			16,570			1,500			18,070
Corporate and other debt			529			-			-			529
Venture capital			-			-			12,179			12,179
Equity, mutual funds, and other			13,261			-			-			13,261
Total securities available for sale			13,790			2,835,051			19,441			2,868,282
Mortgage servicing rights			-			-			144,069			144,069
Other assets:
Deferred compensation assets			22,796			-			-			22,796
Derivatives, forwards and futures			39,733			-			-			39,733
Derivatives, interest rate contracts			-			326,566			-			326,566
Derivatives, other			-			2			-			2
Total other assets			62,529			326,568			-			389,097
Total assets		$	76,319		$	4,142,680		$	392,056		$	4,611,055
Trading liabilities – capital markets:
U.S. treasuries		$	-		$	190,725		$	-		$	190,725
Government agency issued MBS			-			736			-			736
Corporate and other debt			-			155,824			-			155,824
Total trading liabilities – capital markets			-			347,285			-			347,285
Other short-term borrowings			-			-			14,833			14,833
Other liabilities:
Derivatives, forwards and futures			7,243			-			-			7,243
Derivatives, interest rate contracts			-			234,204			-			234,204
Derivatives, other			-			1			11,820			11,821
Total other liabilities			7,243			234,205			11,820			253,268
Total liabilities		$	7,243		$	581,490		$	26,653		$	615,386

The following table presents the balance of assets and liabilities measured at fair value on a recurring basis at December 31, 2010:

(Dollars in thousands)	December 31, 2010
	Level 1			Level 2			Level 3			Total
Trading securities – capital markets:
U.S. treasuries		$	-		$	45,078		$	-		$	45,078
Government agency issued MBS			-			267,086			-			267,086
Government agency issued CMO			-			62,061			-			62,061
Other U.S. government agencies			-			82,022			-			82,022
States and municipalities			-			13,965			-			13,965
Corporate and other debt			-			263,968			34			264,002
Equity, mutual funds, and other			-			100			-			100
Total trading securities – capital markets			-			734,280			34			734,314
Trading securities – mortgage banking
Principal only			-			8,992			-			8,992
Interest only			-			-			26,444			26,444
Total trading securities – mortgage banking			-			8,992			26,444			35,436
Loans held for sale			-			40,323			207,632			247,955
Securities available for sale:
U.S. treasuries			-			87,444			-			87,444
Government agency issued MBS			-			1,469,957			-			1,469,957
Government agency issued CMO			-			1,168,740			-			1,168,740
Other U.S. government agencies			-			15,335			37,891			53,226
States and municipalities			-			24,515			1,500			26,015
Corporate and other debt			545			-			-			545
Venture capital			-			-			13,179			13,179
Equity, mutual funds, and other			9,248			5,351			-			14,599
Total securities available for sale			9,793			2,771,342			52,570			2,833,705
Mortgage servicing rights			-			-			207,319			207,319
Other assets:
Deferred compensation assets			25,121			-			-			25,121
Derivatives, forwards and futures			13,152			-			-			13,152
Derivatives, interest rate contracts			-			290,509			-			290,509
Total other assets			38,273			290,509			-			328,782
Total assets		$	48,066		$	3,845,446		$	493,999		$	4,387,511
Trading liabilities – capital markets:
U.S. treasuries		$	-		$	195,390		$	-		$	195,390
Government agency issued MBS			-			1,804			-			1,804
Other U.S. government agencies			-			18,121			-			18,121
Corporate and other debt			-			146,605			-			146,605
Total trading liabilities – capital markets			-			361,920			-			361,920
Other short-term borrowings			-			-			27,309			27,309
Other liabilities:
Derivatives, forwards and futures			18,600			-			-			18,600
Derivatives, interest rate contracts			-			195,621			-			195,621
Derivatives, other			-			-			1,000			1,000
Total other liabilities			18,600			195,621			1,000			215,221
Total liabilities		$	18,600		$	557,541		$	28,309		$	604,450

Summary Of Changes In Level 3 Assets And Liabilities Measured At Fair Value

(Dollars in thousands)	Twelve Months Ended December 31, 2011
	Trading securities (a)				Loans held for sale				Securities available for sale								Mortgage servicing rights, net				Net derivative liabilities				Other short-term borrowings
									Investment portfolio (b)				Venture Capital
Balance on January 1, 2011		$	26,478			$	207,632			$	39,391			$	13,179			$	207,319			$	(1,000	)		$	(27,309	)
Total net gains/(losses) included in:
Net income			3,796				(368)				-				-				(41,260	)			(9,414	)			12,476
Other comprehensive income			-				-				(1,688	)			-				-				-				-
Purchases			-				66,608				-				-				-				-				-
Issuances			-				-				-				-				-				(2,500	)			-
Sales			(132	)			-				(29,217	)			(1,000	)			-				-				-
Settlements			(12,083	)			(57,273	)			(1,224	)			-				(21,990	)			1,094				-
Net transfers into/(out of) Level 3			-				(6,112	)(e)			-				-				-				-				-
Balance on December 31, 2011		$	18,059			$	210,487			$	7,262			$	12,179			$	144,069			$	(11,820	)		$	(14,833	)
Net unrealized gains/(losses) included in net income		$	2,205	(c)		$	(368)	(c)		$	-			$	-	(d)		$	(40,076	)(c)		$	(9,414	)(f)		$	12,476	(c)

(Dollars in thousands)	Twelve Months Ended December 31, 2010
	Trading securities (a)				Loans held for sale				Securities available for sale								Mortgage servicing rights, net				Net derivative liabilities				Other short-term borrowings
									Investment portfolio (b)				Venture Capital
Balance on January 1, 2010		$	56,132			$	206,227			$	99,173			$	15,743			$	302,611			$	-			$	(39,662	)
Adjustment due to adoption of amendments to ASC 810			(4,776	)			-				-				-				(2,293	)			-				-
Total net gains/(losses) included in:
Net income			8,627				(17,991	)			-				(2,962	)			(31,146	)			-				(12,353	)
Other comprehensive income			-				-				(2,302	)			-				-				-				-
Purchases, sales, issuances, and settlements, net			(33,505	)			19,396				(57,480	)			398				(61,853	)			(1,000	)			-
Balance on December 31, 2010		$	26,478			$	207,632			$	39,391			$	13,179			$	207,319			$	(1,000	)		$	(27,309	)
Net unrealized gains/(losses) included in net income		$	5,467	(c)		$	(17,991	)(c)		$	-			$	(2,962	)(d)		$	(27,153	)(c)		$	(1,000	)(f)		$	(12,353	)(c)

(Dollars in thousands)	Twelve Months Ended December 31, 2009
	Trading securities (a)				Loans held for sale				Securities available for sale								Mortgage servicing rights, net				Net derivative assets and liabilities				Other short-term borrowings
									Investment portfolio (b)				Venture Capital
Balance on January 1, 2009		$	153,542			$	11,330			$	111,840			$	25,307			$	376,844			$	233			$	(27,957	)
Total net gains/(losses) included in:
Net income			55,342				(10,384	)			-				(2,252	)			67,817				-				11,705
Other comprehensive income			-				-				3,812				-				-				-				-
Purchases, sales, issuances, and settlements, net			(141,675	)			(36,265	)			(16,479	)			(7,312	)			(153,127	)			(233	)			-
Net transfers into/(out of) Level 3			(11,077	)			241,546				-				-				11,077				-				-
Balance on December 31, 2009		$	56,132			$	206,227			$	99,173			$	15,743			$	302,611			$	-			$	(39,662	)
Net unrealized gains/(losses) included in net income		$	14,408	(c)		$	(10,384	)(c)		$	-			$	(2,252	)(d)		$	69,412	(c)		$	-			$	11,705	(c)

Certain previously reported amounts have been reclassified to agree with current presentation.

(a)	Primarily represents certificated interest only strips and excess interest mortgage banking trading securities. Capital markets Level 3 trading securities are not significant.
(b)	Primarily represents other U.S. Government agencies. States and municipalities are not significant.
(c)	Primarily included in mortgage banking income on the Consolidated Statements of Income.
(d)	Represents recognized gains and losses attributable to venture capital investments classified within securities available for sale that are included in securities gains/(losses) in noninterest income.
(e)	Transfers out of recurring level 3 balances reflect movements out of loans held for sale and into real estate acquired by foreclosure (level 3 nonrecurring).
(f)	Included in Other expense.

Nonrecurring Fair Value Measurements

(Dollars in thousands)	Carrying value at December 31, 2011												Twelve Months Ended December 31, 2011
	Level 1			Level 2			Level 3			Total			Net gains/(losses)
Loans held for sale – SBAs		$	-		$	66,730		$	-		$	66,730		$	(2	)
Loans held for sale – first mortgages			-			-			11,980			11,980			(5,947	)
Loans, net of unearned income (a)			-			-			125,297			125,297			(48,330	)
Real estate acquired by foreclosure (b)			-			-			68,884			68,884			(18,358	)
Other assets (c)			-			-			91,243			91,243			(12,192	)
														$	(84,829	)

(Dollars in thousands)	Carrying value at December 31, 2010												Twelve Months Ended December 31, 2010
	Level 1			Level 2			Level 3			Total			Net gains/(losses)
Loans held for sale – SBAs		$	-		$	10,456		$	-		$	10,456		$	60
Loans held for sale – first mortgages			-			-			15,289			15,289			(7,249	)
Loans, net of unearned income (a)			-			-			213,974			213,974			(156,572	)
Real estate acquired by foreclosure (b)			-			-			110,536			110,536			(18,097	)
Other assets (c)			-			-			87,667			87,667			(11,145	)
														$	(193,003	)

(Dollars in thousands)	Carrying value at December 31, 2009												Twelve Months Ended December 31, 2009
	Level 1			Level 2			Level 3			Total			Net gains/(losses)
Loans held for sale		$	-		$	15,753		$	21,829		$	37,582		$	1,716
Securities available for sale (d)			-			-			-			-			(516	)
Loans, net of unearned income (a)			-			-			402,007			402,007			(287,866	)
Real estate acquired by foreclosure (b)			-			-			113,722			113,722			(39,879	)
Other assets (c)			-			-			108,247			108,247			(8,970	)
														$	(335,515	)

Certain previously reported amounts have been reclassified to agree with current presentation.

(a)	Represents carrying value of loans for which adjustments are based on the appraised value of the collateral. Write-downs on these loans are recognized as part of provision.
(b)	Represents the fair value and related losses of foreclosed properties that were measured subsequent to their initial classification as foreclosed assets. Balance excludes foreclosed real estate related to government insured mortgages.
(c)	Represents low income housing investments. 2011 also includes new market tax credit investments.
(d)	Represents recognition of other than temporary impairment for cost method investments classified within securities available for sale.

Summary Of Differences Between The Fair Value Carrying Amount Of Mortgages Held For Sale And Aggregate Unpaid Principal Amount

(Dollars in thousands)	December 31, 2011
	Fair value carrying amount			Aggregate unpaid principal			Fair value carrying amount less aggregate unpaid principal
Loans held for sale reported at fair value:
Total loans		$	221,389		$	307,990		$	(86,601	)
Nonaccrual loans			42,471			93,997			(51,526	)
Loans 90 days or more past due and still accruing			11,486			24,755			(13,269	)

(Dollars in thousands)	December 31, 2010
	Fair value carrying amount			Aggregate unpaid principal			Fair value carrying amount less aggregate unpaid principal
Loans held for sale reported at fair value:
Total loans		$	247,955		$	313,199		$	(65,244	)
Nonaccrual loans			36,768			74,285			(37,517	)
Loans 90 days or more past due and still accruing			10,372			26,372			(16,000	)

Changes In Fair Value Of Assets And Liabilities Which Fair Value Option Included In Current Period Earnings

(Dollars in thousands)	Twelve Months Ended December 31
	2011			2010				2009
Changes in fair value included in net income:
Capital markets noninterest income
Trading loans		$	-		$	11,752			$	-
Mortgage banking noninterest income
Loans held for sale			(368)			(17,991	)			(8,236	)
Other short-term borrowings			12,476			(12,353	)			11,705

Summary Of Book Value And Estimated Fair Value Of Financial Instruments

(Dollars in thousands)	December 31, 2011						December 31, 2010
	Book Value			Fair Value			Book Value			Fair Value
Assets:
Loans, net of unearned income and allowance for loan losses		$	16,012,776		$	15,210,592		$	16,117,773		$	15,196,341
Short-term financial assets			896,444			896,444			942,129			942,129
Trading securities			988,217			988,217			769,750			769,750
Loans held for sale			413,897			413,897			375,289			375,289
Securities available for sale			3,066,272			3,066,272			3,031,930			3,031,930
Derivative assets			366,301			366,301			303,660			303,660
Other assets			114,039			114,039			112,788			112,788
Nonearning assets			628,440			628,440			574,710			574,710
Liabilities:
Deposits:
Defined maturity		$	1,781,893		$	1,821,457		$	1,952,745		$	2,007,147
Undefined maturity			14,431,116			14,431,116			13,255,486			13,255,486
Total deposits			16,213,009			16,252,573			15,208,231			15,262,633
Trading liabilities			347,285			347,285			361,920			361,920
Short-term financial liabilities			2,059,602			2,059,602			2,295,643			2,295,643
Term borrowings			2,481,660			2,182,061			3,228,070			2,893,938
Derivative liabilities			253,268			253,268			215,220			215,220
Other noninterest-bearing liabilities			195,208			195,208			103,951			103,951
	Contractual Amount			Fair Value			Contractual Amount			Fair Value
Unfunded Commitments:
Loan commitments		$	7,435,227		$	1,358		$	7,903,537		$	1,060
Standby and other commitments			359,619			5,954			487,578			6,021