Condensed Financial Information - Parent Company Only

12 Months Ended

Dec. 31, 2011

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Financial Statements - Parent Company Only

NOTE Q – CONDENSED FINANCIAL INFORMATION - PARENT COMPANY ONLY

CONDENSED BALANCE SHEETS

(in thousands)

	December 31					December 31
	2011		2010			2011		2010
ASSETS					LIABILITIES AND EQUITY
Cash	$	59	$	10	Long-term debt	$	371,999	$	381,976
Other assets	9,694		10,931		Payable to non-bank subsidiaries	24,144		253,338
Receivable from subsidiaries	18,752		14,974		Other liabilities	59,338		41,201
					Total Liabilities	455,481		676,515
Investments in:
Bank subsidiaries	2,067,415		1,963,412
Non-bank subsidiaries	352,100		567,577		Shareholders’ equity	1,992,539		1,880,389
Total Assets	$	2,448,020	$	2,556,904	Total Liabilities and           Shareholders’ Equity	$	2,448,020	$	2,556,904

CONDENSED STATEMENTS OF INCOME

	2011			2010			2009
	(in thousands)
Income:
Dividends from subsidiaries	$	91,325		$	63,850		$	157,900
Other	78,662			73,438			70,775
	169,987			137,288			228,675
Expenses	112,398			105,012			99,526
Income before income taxes and equity in undistributed net income of subsidiaries	57,589			32,276			129,149
Income tax benefit	(11,523		)	(11,180		)	(10,354		)
	69,112			43,456			139,503
Equity in undistributed net income (loss) of:
Bank subsidiaries	80,908			78,146			18,596
Non-bank subsidiaries	(4,447		)	6,730			(84,175		)
Net Income	145,573			128,332			73,924
Preferred stock dividends and discount accretion	—			(16,303		)	(20,169		)
Net Income Available to Common Shareholders	$	145,573		$	112,029		$	53,755

CONDENSED STATEMENTS OF CASH FLOWS

	2011			2010			2009
	(in thousands)
Cash Flows From Operating Activities:
Net Income	$	145,573		$	128,332		$	73,924
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation	4,249			1,996			1,781
Decrease (increase) in other assets	2,086			(11,389		)	6,489
Equity in undistributed net (income) loss of subsidiaries	(76,461		)	(84,876		)	65,579
Increase (decrease) in other liabilities and payable to non-bank subsidiaries	18,428			242,921			(35,312		)
Total adjustments	(51,698		)	148,652			38,537
Net cash provided by operating activities	93,875			276,984			112,461
Cash Flows From Investing Activities:
Investments in bank subsidiaries	(15,000		)	(86,300		)	(53,000		)
Investments in non-bank subsidiaries	(41,125		)	—			(10,000		)
Line of credit to non-bank subsidiary	—			—			88,114
Net cash (used in) provided by investing activities	(56,125		)	(86,300		)	25,114
Cash Flows From Financing Activities:
Net decrease in short-term borrowings	—			—			(86,000		)
Repayments of long-term debt	(10,619		)	—			—
Redemption of preferred stock and common stock warrant	—			(387,300		)	—
Net proceeds from issuance of common stock	6,835			231,510			7,419
Dividends paid	(33,917		)	(35,003		)	(58,913		)
Net cash used in financing activities	(37,701		)	(190,793		)	(137,494		)
Net Increase (Decrease) in Cash and Cash Equivalents	49			(109		)	81
Cash and Cash Equivalents at Beginning of Year	10			119			38
Cash and Cash Equivalents at End of Year	$	59		$	10		$	119