Parent Company Financial Information (Tables)

12 Months Ended

Dec. 31, 2016

Condensed Financial Information Of Parent Company Only Disclosure [Abstract]

Schedule Of Condensed Statements Of Condition

Following are condensed statements of the parent company:
Statements of Condition	December 31
(Dollars in thousands)	2016		2015
Assets:
Cash	$	226,326	$	138,139
Securities available-for-sale		2,035		2,061
Notes receivable		3,209		3,339
Allowance for loan losses		(925)		(925)
Investments in subsidiaries:
Bank		2,596,582		2,619,715
Non-bank		23,996		27,677
Other assets		189,360		184,570
Total assets	$	3,040,583	$	2,974,576
Liabilities and equity:
Accrued employee benefits and other liabilities	$	141,729	$	140,588
Term borrowings		489,201		489,833
Total liabilities		630,930		630,421
Total equity		2,409,653		2,344,155
Total liabilities and equity	$	3,040,583	$	2,974,576
Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2015-03,"Simplifying the Presentation of Debt Issuance Costs." See Note 1 Summary of Significant Accounting Policies for additional information.

Schedule Of Condensed Statements of Income

Statements of Income	Year Ended December 31
(Dollars in thousands)	2016		2015		2014
Dividend income:
Bank	$	250,000	$	325,000	$	180,000
Non-bank		1,361		1,150		446
Total dividend income		251,361		326,150		180,446
Interest income		-		-		2
Other income/(loss)		(207)		5,884		6,265
Total income		251,154		332,034		186,713
Interest expense:
Short-term debt		-		6		9
Term borrowings		14,238		23,579		23,808
Total interest expense		14,238		23,585		23,817
Compensation, employee benefits and other expense		38,926		36,388		30,400
Total expense		53,164		59,973		54,217
Income/(loss) before income taxes		197,990		272,061		132,496
Income tax benefit		(22,981)		(21,757)		(20,599)
Income/(loss) before equity in undistributed net income of subsidiaries		220,971		293,818		153,095
Equity in undistributed net income/(loss) of subsidiaries:
Bank		9,508		(207,831)		68,836
Non-bank		(3,433)		(108)		588
Net income/(loss) attributable to the controlling interest	$	227,046	$	85,879	$	222,519

Schedule Of Condensed Statements Of Cash Flows

Statements of Cash Flows	Year Ended December 31
(Dollars in thousands)	2016		2015		2014
Operating activities:
Net income/(loss)	$	227,046	$	85,879	$	222,519
Less undistributed net income/(loss) of subsidiaries		6,075		(207,939)		69,424
Income/(loss) before undistributed net income of subsidiaries		220,971		293,818		153,095
Adjustments to reconcile income to net cash provided by operating activities:
Depreciation, amortization, and other		53		(276)		(390)
(Gain)/loss on securities		148		259		(5,736)
Stock-based compensation expense		16,719		12,810		11,351
(Gain)/loss on extinguishment of debt		-		(5,793)		-
Net (increase)/decrease in interest receivable and other assets		(2,228)		(4,544)		(1,836)
Net (decrease)/increase in interest payable and other liabilities		(2,842)		(5,791)		1,505
Total adjustments		11,850		(3,335)		4,894
Net cash provided/(used) by operating activities		232,821		290,483		157,989
Investing activities:
Securities:
Sales and prepayments		275		1,371		4,693
Purchases		(400)		(740)		(40)
Premises and equipment:
Sales/(purchases)		(17)		14		(20)
Decrease/(increase) in interest-bearing cash		-		-		15,800
Return on investment in subsidiary		129		93		150
Investment in subsidiary		-		(9,372)		-
Cash paid for business combination, net		-		(18,251)		-
Net cash provided/(used) by investing activities		(13)		(26,885)		20,583
Financing activities:
Preferred stock:
Cash dividends		(6,200)		(6,200)		(6,200)
Common stock:
Exercise of stock options		22,479		7,219		1,864
Cash dividends		(63,504)		(53,947)		(47,366)
Repurchase of shares		(97,396)		(32,648)		(43,579)
Term borrowings:
Proceeds from issuance of term borrowings		-		495,555		-
Repayment of term borrowings		-		(700,000)		-
Increase/(decrease) in short-term borrowings		-		(3,000)		3,000
Net cash (used)/provided by financing activities		(144,621)		(293,021)		(92,281)
Net increase/(decrease) in cash and cash equivalents		88,187		(29,423)		86,291
Cash and cash equivalents at beginning of year		138,139		167,562		81,271
Cash and cash equivalents at end of year	$	226,326	$	138,139	$	167,562
Total interest paid	$	19,688	$	24,345	$	23,282
Income taxes received from subsidiaries		27,126		32,202		17,053
Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2015-03,"Simplifying the Presentation of Debt Issuance Costs." See Note 1- Summary of Significant Accounting Policies for additional information.