INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Components of Income Tax Expense (Benefit)

At December 31, income tax expense consisted of the following:



	2012			2011			2010
Current tax expense
Federal	$	85,875		$	108,639		$	127,025
State	9,212			23,101			24,868
Total current tax expense	95,087			131,740			151,893
Deferred tax benefit
Federal	(27,344		)	(12,127		)	(33,333		)
State	(7,921		)	(4,510		)	(8,042		)
Total deferred tax benefit	(35,265		)	(16,637		)	(41,375		)
Total income tax expense	$	59,822		$	115,103		$	110,518

Schedule of Effective Income Tax Rate Reconciliation

Income tax expense differed from the amounts computed by applying the federal income tax rate of 35 percent to pretax income as a result of the following:



	2012			2011			2010
Income taxes at statutory rates	$	67,959		$	108,546		$	106,247
Increase (reduction) in income taxes resulting from:
Nontaxable income on loans, leases and investments, net of nondeductible expenses	(1,309		)	(1,481		)	(1,571		)
State and local income taxes, including change in valuation allowance, net of federal income tax benefit	839			12,084			10,937
Tax credits	(7,279		)	(5,166		)	(4,141		)
Other, net	(388		)	1,120			(954		)
Total income tax expense	$	59,822		$	115,103		$	110,518

Schedule of Deferred Tax Assets and Liabilities

The net deferred tax asset included the following components at December 31:



	2012		2011
Allowance for loan and lease losses	$	124,928	$	105,788
Pension liability	46,178		25,112
Executive separation from service agreements	10,123		10,019
State operating loss carryforward	652		1,350
Unrealized loss on cash flow hedge	4,106		4,231
Other	19,465		17,638
Gross deferred tax asset	205,452		164,138
Less valuation allowance	—		73
Deferred tax asset	205,452		164,065
Accelerated depreciation	12,465		14,494
Lease financing activities	10,366		11,334
Net unrealized gains on securities included in accumulated other comprehensive loss	13,292		10,450
Net deferred loan fees and costs	3,714		3,420
Intangible asset	11,897		11,681
Gain on FDIC-assisted transactions, deferred for tax purposes	29,694		34,208
Other	5,373		5,079
Deferred tax liability	86,801		90,666
Net deferred tax asset	$	118,651	$	73,399