Schedule Of Deferred Tax Assets And Liabilities Table Text Block |
(In thousands) | | June 30, 2017 | | December 31, 2016 | Deferred tax assets: | | | | | Tax credits available for carryforward | $ | 18,510 | $ | 18,510 | Net operating loss and other carryforward available | | 1,228,008 | | 1,238,222 | Postretirement and pension benefits | | 91,453 | | 94,741 | Deferred loan origination fees | | 5,807 | | 6,622 | Allowance for loan losses | | 621,197 | | 649,107 | Deferred gains | | 4,469 | | 4,884 | Accelerated depreciation | | 10,507 | | 9,828 | Intercompany deferred gains | | 212 | | 2,496 | Difference between the assigned values and the tax basis of assets and liabilities | | | | | | recognized in purchase business combinations | | 12,477 | | 13,160 | Other temporary differences | | 33,681 | | 31,127 | | Total gross deferred tax assets | | 2,026,321 | | 2,068,697 | Deferred tax liabilities: | | | | | FDIC-assisted transaction | | 57,612 | | 58,363 | Indefinite-lived intangibles | | 76,897 | | 73,974 | Unrealized net gain on trading and available-for-sale securities | | 23,007 | | 21,335 | Other temporary differences | | 9,682 | | 8,477 | | Total gross deferred tax liabilities | | 167,198 | | 162,149 | Valuation allowance | | 673,616 | | 664,287 | Net deferred tax asset | $ | 1,185,507 | $ | 1,242,261 |
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Schedule Of Effective Income Tax Rate Reconciliation Table Text Block |
| | Quarters ended | | | | June 30, 2017 | | | | June 30, 2016 | | (In thousands) | | Amount | % of pre-tax income | | | | Amount | % of pre-tax income | | Computed income tax expense at statutory rates | $ | 51,464 | 39 | % | | $ | 47,359 | 39 | % | Net benefit of tax exempt interest income | | (18,841) | (14) | | | | (15,890) | (13) | | Deferred tax asset valuation allowance | | 5,064 | 4 | | | | 3,436 | 3 | | Difference in tax rates due to multiple jurisdictions | | (831) | (1) | | | | (1,113) | (1) | | Effect of income subject to preferential tax rate | | (3,493) | (3) | | | | (4,722) | (4) | | State and local taxes | | 1,585 | 1 | | | | 2,158 | 2 | | Others | | 784 | 1 | | | | 1,218 | 1 | | Income tax expense | $ | 35,732 | 27 | % | | $ | 32,446 | 27 | % |
| | Six months ended | | | | June 30, 2017 | | | | June 30, 2016 | | (In thousands) | | Amount | % of pre-tax income | | | | Amount | % of pre-tax income | | Computed income tax expense at statutory rates | $ | 100,585 | 39 | % | | $ | 93,092 | 39 | % | Net benefit of tax exempt interest income | | (36,845) | (14) | | | | (31,474) | (13) | | Deferred tax asset valuation allowance | | 10,120 | 4 | | | | 8,709 | 3 | | Difference in tax rates due to multiple jurisdictions | | (1,790) | (1) | | | | (1,977) | (1) | | Effect of income subject to preferential tax rate | | (6,512) | (2) | | | | (8,136) | (3) | | State and local taxes | | 2,864 | 1 | | | | 5,085 | 2 | | Others | | 316 | - | | | | (588) | - | | Income tax expense | $ | 68,738 | 27 | % | | $ | 64,711 | 27 | % |
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