XML 221 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Interest income:      
Loans $ 1,558,397 $ 1,694,357 $ 1,676,734
Money market investments 3,703 3,596 5,384
Investment securities 166,781 203,941 238,210
Trading account securities 22,824 35,607 27,918
Total interest income 1,751,705 1,937,501 1,948,246
Interest Expense Abstract      
Deposits 184,089 269,487 350,881
Short-term borrowings 46,805 55,258 60,278
Long-term debt 148,192 180,764 242,222
Total interest expense 379,086 505,509 653,381
Net interest income 1,372,619 1,431,992 1,294,865
Provision for loan losses 408,941 575,720 1,011,880
Net interest income after provision for loan losses 963,678 856,272 282,985
Service charges on deposit accounts 183,026 184,940 195,803
Other service fees 256,545 239,720 377,504
Net Gain Loss On Sale And Valuation Adjustments Of Investment Securities (1,707) 10,844 3,992
Trading account profit (17,682) 5,897 16,404
Net gain on sale of loans, including valuation adjustments on loans held-for-sale 48,765 30,891 15,874
Adjustments (expense) to indemnity reserves on loans sold (21,198) (33,068) (72,013)
FDIC loss share (expense) income (56,211) 66,791 (25,751)
Fair value change in equity appreciation instrument 0 8,323 42,555
Gain on sale of processing and technology business 0 0 640,802
Other operating income 74,804 45,939 93,023
Total non-interest income 466,342 560,277 1,288,193
Noninterest Expense Abstract      
Personnel costs 465,702 453,370 514,198
Net occupancy expenses 100,452 102,319 116,203
Equipment Expense 45,290 43,840 85,851
Other taxes 50,120 51,885 50,608
Professional fees 211,890 194,942 166,105
Communication 26,834 27,115 38,905
Business promotion 61,576 55,067 46,671
FDIC deposit insurance 85,697 93,728 67,644
Loss on early extinguishment of debt 25,196 8,693 38,787
Other real estate owned (O R E O) expenses 23,520 21,778 46,789
Other operating expenses 104,799 87,906 144,613
Amortization of intangibles 10,072 9,654 9,173
Total operating expenses 1,211,148 1,150,297 1,325,547
Income before income tax 218,872 266,252 245,631
Income tax expense (26,403) 114,927 108,230
Net Income 245,275 151,325 137,401
Net income applicable to common stock 241,552 147,602 (54,576)
Earnings Per Share, Basic and Diluted $ 2.35 [1] $ 1.44 [1] $ (0.62) [1]
Common Stock Dividends Per Share Declared $ 0 $ 0 $ 0
Non Covered Under Loss Sharing Agreements With F D I C [Member]
     
Interest Expense Abstract      
Provision for loan losses 334,102 430,085 1,011,880
Covered Under Loss Sharing Agreements With F D I C [Member]
     
Interest Expense Abstract      
Provision for loan losses $ 74,839 $ 145,635 $ 0
[1] All periods presented reflect the 1-for-10 reverse stock split effected on May 29, 2012.