SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2012

Summary of Effects of Adjustment on Amounts Previously Reported in Consolidated Financial Statements and Corrected Amounts

The following table summarizes the effects of the adjustment on the amounts previously reported in the consolidated financial statements and the corrected (or “As Adjusted”) amounts presented herein for each period presented:

	As Reported		Adjustment			As Adjusted
	($ in thousands)
Consolidated Balance Sheet as of December 31, 2011
Other assets	$	586,134	$	8,248		$	594,382
Accrued expenses and other liabilities		174,708		19,660			194,368
Retained earnings		90,011		(11,412	)		78,599
Consolidated Statement of Income for the year ended December 31, 2011
Net occupancy and equipment expense	$	64,364	$	1,968		$	66,332
Income tax expense (benefit)		63,532		(826	)		62,706
Net income		133,653		(1,142	)		132,511
Earnings per common share:
Basic		0.75		(0.01	)		0.74
Diluted		0.75		(0.01	)		0.74
Consolidated Statement of Income for the year ended December 31, 2010
Net occupancy and equipment expense	$	61,765	$	2,006		$	63,771
Income tax expense (benefit)		55,771		(842	)		54,929
Net income		131,170		(1,164	)		130,006
Earnings per common share:
Basic		0.74		(0.01	)		0.73
Diluted		0.74		(0.01	)		0.73

Calculation of Both Basic and Diluted Earnings Per Common Share

The following table shows the calculation of both basic and diluted earnings per common share for the years ended December 31, 2012, 2011 and 2010:

	2012		2011		2010
	(in thousands, except for share data)
Net income	$	143,627	$	132,511	$	130,006
Basic weighted-average number of common shares outstanding		197,354,159		178,424,883		177,568,546
Plus: Common stock equivalents		213		1,187		9,117
Diluted weighted-average number of common shares outstanding		197,354,372		178,426,070		177,577,663
Earnings per common share:
Basic	$	0.73	$	0.74	$	0.73
Diluted	$	0.73	$	0.74	$	0.73