Parent Company Only Financial Information (Tables)

12 Months Ended

Dec. 31, 2012

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

	BALANCE SHEETS
		2012		2011
		($ in Thousands)
ASSETS
Cash and due from banks		$	159,725	$	126,835
Investment securities available for sale, at fair value			200,800		66,769
Notes receivable from subsidiaries			47,455		47,230
Investment in subsidiaries			3,250,667		3,277,693
Other assets			74,507		76,037
	Total assets	$	3,733,154	$	3,594,564

LIABILITIES AND STOCKHOLDERS’ EQUITY
Commercial paper		$	51,245	$	-
Senior notes, at par			585,000		430,000
Junior subordinated debentures, at par			-		211,340
Subordinated debt, at par			25,821		25,821
Long-term funding capitalized costs			2,590		7,750
	Total long-term funding		613,411		674,911
Accrued expenses and other liabilities			132,099		53,859
	Total liabilities		796,755		728,770
Preferred equity			63,272		63,272
Common equity			2,873,127		2,802,522
	Total stockholders’ equity		2,936,399		2,865,794
	Total liabilities and stockholders’ equity	$	3,733,154	$	3,594,564

Parent Company Income Statement

STATEMENTS OF INCOME (LOSS)

	For the Years Ended December 31,
	2012		2011		2010
	($ in Thousands)
INCOME
Dividends from subsidiaries	$	169,500	$	-	$	4,000
Management and service fees from subsidiaries		-		54,242		47,238
Interest income on notes receivable		1,807		2,306		4,951
Other income		5,762		5,289		1,181
Total income		177,069		61,837		57,370
EXPENSE
Interest expense on short and long-term funding		37,066		39,072		30,608
Personnel expense		36		38,258		34,652
Other expense		12,873		16,603		21,210
Total expense		49,975		93,933		86,470
Income (loss) before income tax benefit and equity in
undistributed net income of subsidiaries		127,094		(32,096)		(29,100)
Income tax benefit		(17,948)		(17,788)		(7,137)
Income (loss) before equity in undistributed net income of subsidiaries		145,042		(14,308)		(21,963)
Equity in undistributed net income of subsidiaries		33,931		154,007		21,107
Net income (loss)		178,973		139,699		(856)
Preferred stock dividends and discount accretion		5,200		24,830		29,531
Net income (loss) available to common equity	$	173,773	$	114,869	$	(30,387)

Parent Company Statement of Cash Flows

STATEMENTS OF CASH FLOWS

		For the Years Ended December 31,
		2012		2011			2010
		($ in Thousands)
OPERATING ACTIVITIES
Net income (loss)		$	178,973		$	139,699		$	(856)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating
	activities:
	Increase in equity in undistributed net income of subsidiaries		(33,931)			(154,007)			(21,107)
	Depreciation and amortization		132			171			254
	(Gain) loss on sales of investment securities, net of impairment write-downs		(530)			81			799
	(Gain) loss on sales of assets, net		1,365			(13)			-
	Net change in other assets and other liabilities		142,900			25,356			40,469
Capital (contributed to) received from subsidiaries			-			-			(200,000)
Net cash provided by (used in) operating activities			288,909			11,287			(180,441)
INVESTING ACTIVITIES
Proceeds from sales of investment securities			49,819			14,667			-
Purchase of investment securities			(186,432)			(75,221)			-
Net (increase) decrease in notes receivable			(225)			391,996			(232,499)
Purchase of other assets, net of disposals			(7,336)			4,977			(5,204)
Net cash provided by (used in) investing activities			(144,174)			336,419			(237,703)
FINANCING ACTIVITIES
Net increase in short-term funding			51,245			-			-
Proceeds from issuance of long-term funding			154,738			432,504			-
Repayment of long-term funding			(211,340)			(170,000)			(30,000)
Proceeds from issuance of common stock			-			-			478,358
Proceeds from issuance of preferred stock			-			63,272			-
Redemption of preferred stock			-			(525,000)			-
Cash dividends			(44,834)			(21,195)			(33,198)
Purchase of treasury stock			(61,654)			(659)			(830)
Net cash provided by (used in) financing activities			(111,845)			(221,078)			414,330
Net increase (decrease) in cash and cash equivalents			32,890			126,628			(3,814)
Cash and cash equivalents at beginning of year			126,835			207			4,021
Cash and cash equivalents at end of year		$	159,725		$	126,835		$	207