Schedule Of Deferred Tax Assets And Liabilities Table Text Block |
(In thousands) | | March 31, 2012 | | December 31, 2011 | Deferred tax assets: | | | | | Tax credits available for carryforward | $ | 3,139 | $ | 3,459 | Net operating loss and other carryforward available | | 1,186,297 | | 1,174,488 | Postretirement and pension benefits | | 103,118 | | 104,663 | Deferred loan origination fees | | 7,035 | | 6,788 | Allowance for loan losses | | 595,494 | | 605,105 | Deferred gains | | 11,454 | | 11,763 | Accelerated depreciation | | 5,627 | | 5,527 | Intercompany deferred gains | | 4,054 | | 4,344 | Other temporary differences | | 28,470 | | 27,341 | | Total gross deferred tax assets | | 1,944,688 | | 1,943,478 | Deferred tax liabilities: | | | | | Differences between the assigned values and the tax bases of assets and liabilities | | | | | | recognized in purchase business combinations | | 33,524 | | 32,293 | Difference in outside basis between financial and tax reporting on sale of a business | | 20,721 | | 20,721 | FDIC-assisted transaction | | 145,628 | | 142,000 | Unrealized net gain on trading and available-for-sale securities | | 72,223 | | 73,991 | Deferred loan origination costs | | 4,224 | | 4,277 | Other temporary differences | | 8,262 | | 6,187 | | Total gross deferred tax liabilities | | 284,582 | | 279,469 | Valuation allowance | | 1,260,099 | | 1,259,358 | Net deferred tax asset | $ | 400,007 | $ | 404,651 |
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Schedule Of Effective Income Tax Rate Reconciliation Table Text Block |
| | Quarters ended | | | | March 31, 2012 | | | | March 31, 2011 | | (In thousands) | | Amount | % of pre-tax income | | | | Amount | % of pre-tax income | | Computed income tax at statutory rates | $ | 19,380 | 30 | % | | $ | 47,207 | 30 | % | Net benefit of net tax exempt interest income | | (7,014) | (11) | | | | (2,407) | (2) | | Effect of income subject to preferential tax rate | | (971) | (2) | | | | (232) | - | | Deferred tax asset valuation allowance | | 1,167 | 2 | | | | (5,305) | (3) | | Non-deductible expenses | | 5,639 | 9 | | | | 5,326 | 3 | | Difference in tax rates due to multiple jurisdictions | | (3,207) | (5) | | | | (2,464) | (2) | | Initial adjustment in deferred tax due to change in tax rate | | - | - | | | | 103,287 | 66 | | State taxes and others | | 1,198 | 2 | | | | 1,815 | 1 | | Income tax expense | $ | 16,192 | 25 | % | | $ | 147,227 | 93 | % |
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