Estimated Fair Values (Tables)

9 Months Ended

Sep. 30, 2011

Estimated Fair Values For Certain Financial Assets And Financial Liabilities



	September 30, 2011				December 31, 2010				September 30, 2010
	Carrying Value		Fair Value		Carrying Value		Fair Value		Carrying Value		Fair Value
Cash and due from banks	$	539,337	$	539,337	$	460,178	$	460,178	$	493,786	$	493,786
Overnight investments	410,002		410,002		398,390		398,390		1,049,158		1,049,158
Investment securities available for sale	3,994,825		3,994,825		4,510,076		4,510,076		3,786,841		3,786,841
Investment securities held to maturity	1,943		2,108		2,532		2,741		2,645		2,864
Loans held for sale	78,178		78,178		88,933		88,933		79,853		79,853
Loans covered by loss share agreements, net of allowance for loan and lease losses	2,482,400		2,469,613		1,956,205		1,946,423		2,178,821		2,150,909
Loans and leases not covered by loss share agreements, net of allowance for loan and lease losses	11,424,392		11,329,623		11,304,059		10,995,653		11,371,102		10,995,807
Receivable from FDIC for loss share agreements	607,907		610,907		623,261		624,785		651,844		654,210
Income earned not collected	43,886		43,886		83,644		83,644		83,204		83,204
Stock issued by:
Federal Home Loan Bank of Atlanta	43,302		43,302		47,123		47,123		48,291		48,291
Federal Home Loan Bank of San Francisco	13,605		13,605		15,490		15,490		16,135		16,135
Federal Home Loan Bank of Seattle	4,490		4,490		4,490		4,490		4,490		4,490
Deposits	17,663,275		17,712,240		17,635,266		17,695,357		17,743,028		17,808,921
Short-term borrowings	600,384		600,384		546,597		546,597		652,716		652,716
Long-term obligations	744,839		774,799		809,949		826,501		819,145		851,107
Accrued interest payable	22,153		22,153		37,004		37,004		33,533		33,533

Assets And Liabilities Carried At Fair Value On A Recurring Basis



			Fair value measurements using:
Description	Fair value		Quoted prices in active markets for identical assets and liabilities (Level 1 inputs)		Quoted prices for similar assets and liabilities (Level 2 inputs)		Significant unobservable inputs (Level 3 inputs)
September 30, 2011
Assets measured at fair value
Investment securities available for sale
U.S. Treasury	$	987,934	$	987,934	$	—	$	—
Government agency	2,260,909		2,260,909		—		—
Corporate bonds	404,643		404,643		—		—
Residential mortgage-backed securities	324,192		—		324,192		—
Equity securities	16,104		16,104		—		—
State, county, municipal	1,043		—		1,043		—
Total	$	3,994,825	$	3,669,590	$	325,235	$	—
Liabilities measured at fair value
Interest rate swaps accounted for as cash flow hedges	$	13,531	$	—	$	13,531	$	—
December 31, 2010
Assets measured at fair value
Investment securities available for sale
U.S. Treasury	$	1,939,400	$	1,939,400	$	—	$	—
Government agency	1,919,986		1,919,986		—		—
Corporate bonds	486,658		486,658		—		—
Residential mortgage-backed securities	143,545		—		143,545		—
Equity securities	19,231		19,231		—		—
State, county, municipal	1,256		—		1,256		—
Total	$	4,510,076	$	4,365,275	$	144,801	$	—
Liabilities measured at fair value
Interest rate swaps accounted for as cash flow hedges	$	9,492	$	—	$	9,492	$	—
September 30, 2010
Assets measured at fair value
Investment securities available for sale
U.S. Treasury	$	3,121,251	$	3,121,251	$	—	$	—
Government agency	—		—		—		—
Corporate bonds	489,189		489,189		—		—
Residential mortgage-backed securities	156,136		—		156,136		—
Equity securities	18,997		18,997		—		—
State, county, municipal	1,268		—		1,268		—
Total	$	3,786,841	$	3,629,437	$	157,404	$	—
Liabilities measured at fair value
Interest rate swaps accounted for as cash flow hedges	$	14,263	$	—	$	14,263	$	—

Assets Measured On A Recurring Basis Using Significant Nonobservable Inputs



	Investment securities available for sale with fair values based on significant nonobservable inputs
Description	2010
Beginning balance, January 1,	$	1,287
Total gains (losses), realized or unrealized:
Included in earnings	—
Included in other comprehensive income	—
Purchases, sales, issuances and settlements, net	—
Transfers in/out of Level 3	(1,287		)
Ending balance, September 30	$	—

Assets And Liabilities Carried At Fair Value On A Nonrecurring Basis



			Fair value measurements using:
Description	Fair value		Quoted prices in active markets for identical assets and liabilities (Level 1 inputs)		Quoted prices for similar assets and liabilities (Level 2 inputs)		Significant nonobservable inputs (Level 3 inputs)
September 30, 2011
Loans held for sale	$	78,178	$	—	$	78,178	$	—
Impaired loans:
Covered by loss share agreements	247,361		—		—		247,361
Not covered by loss share agreements	81,661		—		—		81,661
December 31, 2010
Loans held for sale	88,933		—		88,933		—
Impaired loans:
Covered by loss share agreements	192,406		—		—		192,406
Not covered by loss share agreements	89,500		—		—		89,500
September 30, 2010
Loans held for sale	79,853		—		79,853		—
Impaired loans:
Covered by loss share agreements	142,116		—		—		142,116
Not covered by loss share agreements	48,320		—		—		48,320

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income, and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issuances, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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- Definition

Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

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Reference 4: http://www.xbrl.org/2003/role/presentationRef

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-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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-Name Statement of Financial Accounting Standard (FAS)

-Number 159

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