Fair Value Of Assets And Liabilities (Tables)

3 Months Ended

Mar. 31, 2012

Fair Value Of Assets And Liabilities [Abstract]

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

	March 31, 2012
(Dollars in thousands)	Level 1		Level 2		Level 3		Total
Trading securities—capital markets:
U.S. treasuries	$	—	$	106,317	$	—	$	106,317
Government agency issued MBS		—		435,924		—		435,924
Government agency issued CMO		—		190,244		—		190,244
Other U.S. government agencies		—		183,718		—		183,718
States and municipalities		—		33,481		—		33,481
Corporate and other debt		—		263,298		5		263,303
Equity, mutual funds, and other		—		444		—		444
Total trading securities—capital markets		—		1,213,426		5		1,213,431
Trading securities—mortgage banking
Principal only		—		7,229		—		7,229
Interest only		—		—		17,381		17,381
Total trading securities—mortgage banking		—		7,229		17,381		24,610
Loans held-for-sale		—		8,555		214,603		223,158
Securities available for sale:
U.S. treasuries		—		40,037		—		40,037
Government agency issued MBS		—		1,427,029		—		1,427,029
Government agency issued CMO		—		1,572,836		—		1,572,836
Other U.S. government agencies		—		9,453		5,094		14,547
States and municipalities		—		16,570		1,500		18,070
Corporate and other debt		527		—		—		527
Venture capital		—		—		12,179		12,179
Equity, mutual funds, and other		13,267		—		—		13,267
Total securities available-for-sale		13,794		3,065,925		18,773		3,098,492
Mortgage servicing rights		—		—		142,956		142,956
Other assets:
Deferred compensation assets		24,102		—		—		24,102
Derivatives, forwards and futures		32,391		—		—		32,391
Derivatives, interest rate contracts		—		307,946		—		307,946
Total other assets		56,493		307,946		—		364,439
Total assets	$	70,287	$	4,603,081	$	393,718	$	5,067,086
Trading liabilities—capital markets:
U.S. treasuries	$	—	$	445,381	$	—	$	445,381
Other U.S. government agencies		—		1,822		—		1,822
States and municipalities		—		181		—		181
Corporate and other debt		—		120,088		—		120,088
Other		—		99		—		99
Total trading liabilities—capital markets		—		567,571		—		567,571
Other short-term borrowings		—		—		15,073		15,073
Other liabilities:
Derivatives, forwards and futures		10,538		—		—		10,538
Derivatives, interest rate contracts		—		220,686		—		220,686
Derivatives, other		—		4		2,960		2,964
Total other liabilities		10,538		220,690		2,960		234,188
Total liabilities	$	10,538	$	788,261	$	18,033	$	816,832

The following table presents the balance of assets and liabilities measured at fair value on a recurring basis at March 31, 2011:

	March 31, 2011
(Dollars in thousands)	Level 1		Level 2		Level 3		Total
Trading securities—capital markets:
U.S. treasuries	$	—	$	78,759	$	—	$	78,759
Government agency issued MBS		—		405,895		—		405,895
Government agency issued CMO		—		69,387		—		69,387
Other U.S. government agencies		—		22,350		—		22,350
States and municipalities		—		17,599		—		17,599
Corporate and other debt		—		296,552		34		296,586
Equity, mutual funds, and other		—		151		—		151
Total trading securities—capital markets		—		890,693		34		890,727
Trading securities—mortgage banking
Principal only		—		8,791		—		8,791
Interest only		—		—		25,336		25,336
Total trading securities—mortgage banking		—		8,791		25,336		34,127
Loans held-for-sale		—		12,824		209,863		222,687
Securities available for sale:
U.S. treasuries		—		60,322		—		60,322
Government agency issued MBS		—		1,542,229		—		1,542,229
Government agency issued CMO		—		1,208,752		—		1,208,752
Other U.S. government agencies		—		14,197		6,928		21,125
States and municipalities		—		24,515		1,500		26,015
Corporate and other debt		543		—		—		543
Venture capital		—		—		13,179		13,179
Equity, mutual funds, and other		13,249		1,698		—		14,947
Total securities available-for-sale		13,792		2,851,713		21,607		2,887,112
Mortgage servicing rights		—		—		207,748		207,748
Other assets:
Deferred compensation assets		25,281		—		—		25,281
Derivatives, forwards and futures		14,216		—		—		14,216
Derivatives, interest rate contracts		—		242,534		—		242,534
Total other assets		39,497		242,534		—		282,031
Total assets	$	53,289	$	4,006,555	$	464,588	$	4,524,432
Trading liabilities—capital markets:
U.S. treasuries	$	—	$	245,541	$	—	$	245,541
Government agency issued MBS		—		335		—		335
Government agency issued CMO		—		12,454		—		12,454
Other U.S. government agencies		—		995		—		995
States and municipalities		—		842		—		842
Corporate and other debt		—		124,083		—		124,083
Total trading liabilities—capital markets		—		384,250		—		384,250
Other short-term borrowings		—		—		27,991		27,991
Other liabilities:
Derivatives, forwards and futures		23,251		—		—		23,251
Derivatives, interest rate contracts		—		169,206		—		169,206
Derivatives, other		—		—		2,100		2,100
Total other liabilities		23,251		169,206		2,100		194,557
Total liabilities	$	23,251	$	553,456	$	30,091	$	606,798

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

	Three Months Ended March 31, 2012
							Securities available-for-sale						Mortgage
	Trading			Loans held			Investment			Venture			servicing			Net derivative			Other short-term
(Dollars in thousands)	securities			for sale			portfolio			Capital			rights, net			liabilities			borrowings
Balance on January 1, 2012	$	18,059		$	210,487		$	7,262		$	12,179		$	144,069		$	(11,820	)	$	(14,833	)
Total net gains/(losses) included in:
Net income		1,878			872			—			—			4,471			(742	)		(240	)
Other comprehensive income		—			—			(166	)		—			—			—			—
Purchases		—			11,442			—			—			—			—			—
Issuances		—			—			—			—			—			—			—
Sales		—			—			—			—			—			—			—
Settlements		(2,551	)		(8,344	)		(502	)		—			(5,584	)		9,602			—
Net transfers into/(out of) Level 3		—			146	(c)		—			—			—			—			—
Balance on March 31, 2012	$	17,386		$	214,603		$	6,594		$	12,179		$	142,956		$	(2,960	)	$	(15,073	)
Net unrealized gains/(losses) included in net income	$	1,406	(a)	$	872	(a)	$	—		$	—	(b)	$	5,213	(a)	$	(742	)(d)	$	(240	)(a)

	Three Months Ended March 31, 2011
							Securities available-for-sale						Mortgage
	Trading			Loans held			Investment			Venture			servicing			Net derivative			Other short-term
(Dollars in thousands)	securities			for sale			portfolio			Capital			rights, net			liabilities			borrowings
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		2,200			(4,125	)		—			—			7,647			(1,100	)		(682	)
Other comprehensive income		—			—			(1,746	)		—			—			—			—
Purchases		—			16,041			—			—			—			—			—
Issuances		—			—			—			—			—			—			—
Sales		—			—			(29,217	)		—			—			—			—
Settlements		(3,308	)		(9,350	)		—			—			(7,218	)		—			—
Net transfers into/(out of) Level 3		—			(335	)(c)		—			—			—			—			—
Balance on March 31, 2011	$	25,370		$	209,863		$	8,428		$	13,179		$	207,748		$	(2,100	)	$	(27,991	)
Net unrealized gains/(losses) included in net income	$	1,774	(a)	$	(4,125	)(a)	$	—		$	—	(b)	$	7,763	(a)	$	(1,100	)(d)	$	(682	)(a)

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

(a) Primarily included in mortgage banking income on the Consolidated Condensed Statements of Income.

(b) 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.

(c) 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).

(d) Included in Other expense.

Nonrecurring Fair Value Measurements

	Carrying value at March 31, 2012								Three Months Ended March 31, 2012
(Dollars in thousands)	Level 1		Level 2		Level 3		Total		Net gains/(losses)
Loans held-for-sale—SBAs	$	—	$	73,255	$	—	$	73,255	$	4
Loans held-for-sale—first mortgages		—		—		11,206		11,206		768
Loans, net of unearned income (a)		—		—		120,938		120,938		(11,387	)
Real estate acquired by foreclosure (b)		—		—		59,132		59,132		(5,225	)
Other assets (c)		—		—		86,794		86,794		(1,986	)
									$	(17,826	)

	Carrying value at March 31, 2011								Three Months Ended March 31, 2011
(Dollars in thousands)	Level 1		Level 2		Level 3		Total		Net gains/(losses)
Loans held-for-sale—SBAs	$	—	$	32,367	$	—	$	32,367	$	—
Loans held-for-sale—first mortgages		—		—		13,459		13,459		(1,161	)
Loans, net of unearned income (a)		—		—		211,045		211,045		(12,502	)
Real estate acquired by foreclosure (b)		—		—		94,416		94,416		(5,039	)
Other assets (c)		—		—		83,320		83,320		(2,546	)
									$	(21,248	)

(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. 2012 also includes new market tax credit investments.

Schedule Of Unobservable Inputs Utilized In Determining The Fair Value Of Level 3 Recurring And Non-Recurring Measurements

(Dollars in Thousands)
Level 3 Class	Fair Value at March 31, 2012		Valuation Techniques	Unobservable Input	Values Utilized
Interest only trading securities	$	17,381	Discounted cash flow	(a)	(a)
Loans held-for-sale - mortgages		225,809	Discounted cash flow	Prepayment speeds	6% -10%
				Credit spreads	2% - 4%
				Delinquency adjustment factor	15% - 25% added to credit spread
				Loss severity trends	50% - 60% of UPB
Venture capital investments		12,179	Recent purchase offers	Adjustment for preferences in equity tranches	0% - 10% discount
			Recent capitalization transactions	Adjustment for preferences in equity tranches	0% - 10% discount
Mortgage servicing rights		142,956	Discounted cash flow	(a)	(a)
Other short-term borrowings		15,073	Discounted cash flow	(b)	(b)
Derivative liabilities, other		2,960	Discounted cash flow	Visa covered litigation resolution amount	$4.3 million - $5.1 million
				Probability of resolution scenarios	10%-30%
				Time until resolution	3- 12 months
Loans, net of unearned income (c)		120,938	Appraisals from comparable properties	Adjustment for value changes since appraisal	5% - 15% of appraisal
			Other collateral valuations	Borrowing base certificates	20% -50% of gross value
				Financial Statements/Auction Values	0% -25% of reported value
Real estate acquired by foreclosure (d)		59,132	Appraisals from comparable properties	Adjustment for value changes since appraisal	0% - 10% of appraisal
Other assets (e)		86,794	Discounted cash flow	Adjustments to current sales yields for specific properties	0% -15% adjustment to yield
			Appraisals from comparable properties	Marketability adjustments for specific properties	0% - 25% of appraisal

(a) The unobservable inputs for Interest-only trading securities and MSR are discussed in Note 12.

(b) The inputs and associated ranges for Other short-term borrowings mirror those of the related MSR.

(c) 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.

(d) 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.

(e) Represents low income housing investments and new market tax credit investments.

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

	March 31, 2012
(Dollars in thousands)	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	$	223,158	$	310,837	$	(87,679	)
Nonaccrual loans		44,313		96,820		(52,507	)
Loans 90 days or more past due and still accruing		8,702		19,062		(10,360	)

	March 31, 2011
(Dollars in thousands)	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	$	222,687	$	292,056	$	(69,369	)
Nonaccrual loans		42,995		82,616		(39,621	)
Loans 90 days or more past due and still accruing		12,232		24,226		(11,994	)

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

	Three Months Ended March 31
(Dollars in thousands)	2012			2011
Changes in fair value included in net income:
Mortgage banking noninterest income
Loans held-for-sale	$	872		$	(4,125	)
Other short-term borrowings		(240	)		(682	)

Summary Of Book Value And Estimated Fair Value Of Financial Instruments

	March 31, 2012
	Book Value		Fair Value
(Dollars in thousands)			Level 1		Level 2		Level 3		Total
Assets:
Loans, net of unearned income and allowance for loan losses
Commercial:
Commercial, financial and industrial	$	7,585,576		—		—	$	7,366,581	$	7,366,581
Commercial real estate
Income CRE		1,214,129		—		—		1,136,404		1,136,404
Residential CRE		86,747		—		—		77,419		77,419
Retail:
Consumer real estate (c)		5,717,175						5,253,260		5,253,260
Permanent mortgage (c)		756,127		—		—		655,696		655,696
Credit card & other		265,560		—		—		265,779		265,779
Total loans, net of unearned income and allowance for loan losses		15,625,314		—		—		14,755,139		14,755,139
Short-term financial assets
Total interest-bearing cash		761,098		761,098		—		—		761,098
Total federal funds sold & securities purchased under agreements to resell		614,705		—		614,705		—		614,705
Total short-term financial assets		1,375,803		761,098		614,705		—		1,375,803
Trading securities (a)		1,238,041		—		1,220,655		17,386		1,238,041
Loans held-for-sale (a)		431,905		—		81,810		350,095		431,905
Securities available-for-sale (a)(b)		3,296,603		13,794		3,065,925		216,884		3,296,603
Derivative assets (a)		340,337		32,391		307,946		—		340,337
Other assets
Low income housing and new market tax credit investments		86,794		—		—		86,794		86,794
Deferred compensation assets		24,102		24,102		—		—		24,102
Total other assets		110,896		24,102		—		86,794		110,896
Nonearning assets
Cash & due from banks		349,604		349,604		—		—		349,604
Capital markets receivables		522,001		—		522,001		—		522,001
Accrued interest receivable		86,630		—		86,630		—		86,630
Total nonearning assets		958,235		349,604		608,631		—		958,235
Total assets	$	23,377,134	$	1,180,989	$	5,899,672	$	15,426,298	$	22,506,959
Liabilities:
Deposits:
Defined maturity	$	1,849,839	$	—	$	1,885,016	$	—	$	1,885,016
Undefined maturity		15,085,331		—		15,085,331		—		15,085,331
Total deposits		16,935,170		—		16,970,347		—		16,970,347
Trading liabilities (a)		567,571		—		567,571		—		567,571
Short-term financial liabilities
Total federal funds purchased & securities sold under agreements to repurchase		1,801,234		—		1,801,234		—		1,801,234
Total other borrowings		181,570		—		166,497		15,073		181,570
Total short-term financial liabilities		1,982,804		—		1,967,731		15,073		1,982,804
Term borrowings
Real estate investment trust-preferred		45,710		—		—		39,950		39,950
Term borrowings - new market tax credit investment		15,301		—		—		15,837		15,837
Borrowings secured by residential real estate		489,145		—		391,316		—		391,316
Other long term borrowings		1,790,550		—		1,680,528		—		1,680,528
Total term borrowings		2,340,706		—		2,071,844		55,787		2,127,631
Derivative liabilities (a)		234,188		10,538		220,690		2,960		234,188
Other noninterest-bearing liabilities
Capital markets payables		361,018		—		361,018		—		361,018
Accrued interest payable		46,211		—		46,211		—		46,211
Total other noninterest-bearing liabilities		407,229		—		407,229		—		407,229
Total liabilities	$	22,467,668	$	10,538	$	22,205,412	$	73,820	$	22,289,770

(a) Classes are detailed in the recurring and nonrecurring measuring tables.

(b) Level 3 includes restricted investments in FHLB-Cincinnati stock of $125.5 million and FRB stock of $66.1 million.

(c) Includes restricted real estate loans and secured borrowings.

	Contractual Amount		Fair Value
Unfunded Commitments:
Loan commitments	$	7,716,583	$	1,555
Standby and other commitments		375,733		5,467

	March 31, 2011
(Dollars in thousands)	Book Value		Fair Value
Assets:
Loans, net of unearned income and allowance for loan losses	$	15,383,244	$	14,426,299
Short-term financial assets		836,199		836,199
Trading securities		924,855		924,855
Loans held-for-sale		370,487		370,487
Securities available-for-sale		3,085,478		3,085,478
Derivative assets		256,750		256,750
Other assets		108,601		108,601
Nonearning assets		1,024,807		1,024,807
Liabilities:
Deposits:
Defined maturity	$	1,894,584	$	1,941,064
Undefined maturity		13,456,383		13,456,383
Total deposits		15,350,967		15,397,447
Trading liabilities		384,250		384,250
Short-term financial liabilities		2,363,376		2,363,376
Term borrowings		2,514,754		2,293,737
Derivative liabilities		194,557		194,557
Other noninterest-bearing liabilities		461,813		461,813
	Contractual Amount		Fair Value
Unfunded Commitments:
Loan commitments	$	8,284,857	$	1,274
Standby and other commitments		454,159		6,710