XML 51 R42.htm IDEA: XBRL DOCUMENT v2.4.0.6
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2011
Income Taxes [Abstract]  
Summary Of Income Tax Expense
     2011     2010      2009  
     (in thousands)  

Current expense:

       

Federal

   $ 52,207      $ 24,195       $ 49,790   

State

     26,610        11,400         12,592   
  

 

 

   

 

 

    

 

 

 
     78,817        35,595         62,382   

Deferred expense (benefit):

       

Federal and State

     (15,285     20,176         (10,898
  

 

 

   

 

 

    

 

 

 

Total income tax expense

   $ 63,532      $ 55,771       $ 51,484   
  

 

 

   

 

 

    

 

 

 
Summary Of Deferred Tax Assets And Liabilities
     2011      2010  
     (in thousands)  

Deferred tax assets:

     

Allowance for loan losses

   $ 54,880       $ 51,118   

Depreciation

     1,666         5,009   

Pension plans

     2,771         8,080   

Employee benefits

     9,102         6,535   

Investment securities, including other-than-temporary impairment losses

     35,569         3,875   

State net operating loss carryforwards

     63,806         59,267   

Other

     21,669         18,413   
  

 

 

    

 

 

 

Total deferred tax assets

     189,463         152,297   

Deferred tax liabilities:

     

Purchase accounting

     8,727         20,636   

Other

     16,778         26,406   
  

 

 

    

 

 

 

Total deferred tax liabilities

     25,505         47,042   
  

 

 

    

 

 

 

Net deferred tax asset (included in other assets)

   $ 163,958       $ 105,255   
  

 

 

    

 

 

 
Summary Of Income Tax Reconciliation
     2011     2010     2009  
     (in thousands)  

Federal income tax at expected statutory rate

   $ 69,015      $ 65,429      $ 58,641   

(Decrease) increase due to:

      

Tax-exempt interest, net of interest incurred to carry tax-exempt securities

     (3,736     (3,451     (3,257

Bank owned life insurance

     (2,583     (2,158     (1,995

State income tax expense (benefit), net of federal tax effect

     12,727        629        (4

Tax credits

     (12,760     (5,071     (2,632

Other, net

     869        393        731   
  

 

 

   

 

 

   

 

 

 

Income tax expense

   $ 63,532      $ 55,771      $ 51,484   
  

 

 

   

 

 

   

 

 

 
Summary Of Reconciliation Of Gross Unrecognized Tax Benefits
     2011     2010     2009  
     (in thousands)  

Beginning balance

   $ 21,142      $ 21,965      $ 21,261   

Additions based on tax positions related to the current year

     —          —          484   

Additions based on tax positions related to prior years

     13,366        732        762   

Reductions due to expiration of statute of limitations

     (1,508     (1,555     (542
  

 

 

   

 

 

   

 

 

 

Ending balance

   $ 33,000      $ 21,142      $ 21,965