Parent Company Financial Information (Tables)

12 Months Ended

Dec. 31, 2011

Parent Company Financial Information [Abstract]

Schedule Of Condensed Statements Of Condition

Statements of Condition	Year Ended December 31
(Dollars in thousands)	2011				2010
Assets:
Cash		$	16,816			$	219,287
Interest-bearing cash			165,000				112,896
Securities available for sale			6,726				6,901
Notes receivable			3,700				3,700
Allowance for loan losses			(3,700	)			(823	)
Investments in subsidiaries:
Bank			3,268,359				3,203,991
Non-bank			17,476				20,042
Other assets			208,613				187,247
Total assets		$	3,682,990			$	3,753,241
Liabilities and equity:
Other short-term borrowings		$	28,100			$	4,800
Accrued employee benefits and other liabilities			121,599				141,605
Term borrowings			848,654				928,831
Total liabilities			998,353				1,075,236
Total equity			2,684,637				2,678,005
Total liabilities and equity		$	3,682,990			$	3,753,241

Schedule Of Condensed Statements Of Income

Statements of Income	Year Ended December 31
(Dollars in thousands)	2011				2010				2009
Dividend income:
Bank		$	100,000			$	300,000			$	-
Non-bank			907				1,531				1,261
Total dividend income			100,907				301,531				1,261
Interest income			176				340				570
Other income			6,392				1,761				1,494
Total income			107,475				303,632				3,325
Provision for loan losses			2,877				-				823
Interest expense:
Short-term debt			283				290				298
Term borrowings			22,626				11,713				12,166
Total interest expense			22,909				12,003				12,464
Compensation, employee benefits and other expense			36,053				33,476				33,398
Total expense			61,839				45,479				46,685
Income/(loss) before income taxes			45,636				258,153				(43,360	)
Income tax benefit			(21,127	)			(13,078	)			(20,514	)
Income/(loss) before equity in undistributed net income of subsidiaries			66,763				271,231				(22,846	)
Equity in undistributed net income/(loss) of subsidiaries:
Bank			64,113				(220,800	)			(247,205	)
Non-bank			320				(230	)			214
Net income/(loss) attributable to the controlling interest		$	131,196			$	50,201			$	(269,837	)

Schedule Of Condensed Statements Of Cash Flows

Statements of Cash Flows	Year Ended December 31
(Dollars in thousands)	2011				2010				2009
Operating activities:
Net income/(loss)		$	131,196			$	50,201			$	(269,837	)
Less undistributed net loss of subsidiaries			64,433				(221,030	)			(246,991	)
Income/(loss) before undistributed net income of subsidiaries			66,763				271,231				(22,846	)
Adjustments to reconcile income to net cash provided by operating activities:
Deferred income tax provision/(benefit)			-				-				764
Depreciation, amortization, and other			4,396				4,201				5,131
Stock-based compensation expense			12,996				6,797				5,821
Net (increase)/decrease in interest receivable and other assets			(12,999	)			26,439				(2,962	)
Net decrease in interest payable and other liabilities			(7,993	)			155				(507	)
Total adjustments			(3,600	)			37,592				8,247
Net cash provided/(used) by operating activities			63,163				308,823				(14,599	)
Investing activities:
Securities:
Sales and prepayments			699				20				-
Purchases			(149	)			(410	)			(3,000	)
Decrease/(increase) in interest-bearing cash			(52,104	)			48,103				79,963
Return on investment in subsidiary			2,170				49				700
Net cash provided/(used) by investing activities			(49,384	)			47,762				77,663
Financing activities:
Preferred stock:
Repayment of preferred equity – CPP			-				(866,540	)			-
Cash dividends			-				(47,780	)			(43,447	)
Common stock:
Repurchase of common stock warrants - CPP			(79,700	)			-				-
Exercise of stock options			-				93				3
Proceeds from issuance of common stock			-				263,103				-
Cash dividends			(7,944	)			-				-
Repurchase of shares			(45,111	)			(1,345	)			(392	)
Term borrowings:
Proceeds from issuance of term borrowings			-				496,345				-
Repayment of term borrowings			(103,093	)			-				-
(Decrease)/increase in short-term borrowings			23,300				1,000				(13,030	)
Repayment of advance from subsidiary			(3,700	)			-				-
Other			(2	)			(1	)			80
Net cash (used)/provided by financing activities			(216,250	)			(155,125	)			(56,786	)
Net increase/(decrease) in cash and cash equivalents			(202,471	)			201,460				6,278
Cash and cash equivalents at beginning of year			219,287				17,827				11,549
Cash and cash equivalents at end of year		$	16,816			$	219,287			$	17,827
Total interest paid		$	26,517			$	10,966			$	12,246
Total income taxes paid			4,998				1,713				99,090