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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2011
Income Taxes [Abstract]  
Schedule Of Current And Deferred Income Tax Expense
                         
     2011      2010     2009  
     (In thousands)  

Current:

                         

Federal

   $ 26,548       $ 16,496      $ (25,226

State

     10,905         7,379        429   
    

 

 

    

 

 

   

 

 

 
     $ 37,453       $ 23,875      $ (24,797
    

 

 

    

 

 

   

 

 

 

Deferred:

                         

Federal

     10,133         (28,600     (26,367

State

     3,675         (9,904     (10,748
    

 

 

    

 

 

   

 

 

 
     $  13,808       $ (38,504   $ (37,115
    

 

 

    

 

 

   

 

 

 

Total income tax (benefit)/expense

   $ 51,261       $ (14,629   $ (61,912
    

 

 

    

 

 

   

 

 

 
Schedule Of Deferred Tax Assets And Liabilities
                 
     2011     2010  
     (In thousands)  

Deferred Tax Assets

                

Loan loss allowance, due to differences in computation of bad debts

   $ 109,686      $ 122,691   

Write-down on equity securities

     3,609        3,714   

Stock option compensation expense

     16,048        15,748   

State tax

     3,744        1,903   

Non-accrual interest

     2,048        4,004   

Write-down on other real estate owned

     14,148        16,374   

Unrealized loss on interest rate swaps

     1,097        2,709   

Unrealized loss on securities available-for-sale, net

     6,311        741   

Other, net

     3,536        3,079   
    

 

 

   

 

 

 

Gross deferred tax assets

     160,227        170,963   
    

 

 

   

 

 

 

Deferred Tax Liabilities

                

Core deposit intangibles

     (3,919     (6,282

Investment in aircraft financing trust and venture capital partnerships

     (21,628     (21,329

Dividends on Federal Home Loan Bank common stock

     (2,788     (4,035

Other, net

     (5,646     (4,876
    

 

 

   

 

 

 

Gross deferred tax liabilities

     (33,981     (36,522

Valuation allowance

     (2,533     (2,533
    

 

 

   

 

 

 

Net deferred tax assets

   $ 123,713      $ 131,908   
    

 

 

   

 

 

 
Schedule Of Gross Unrecognized Tax Benefits Reconciliation
                 
         2011             2010      
     (In thousands)  

Balance, beginning of year

   $ 519      $ 2,593   

Expiration of statute of limitations

     —          (508

Federal impact of state payments

     —          843   

Payments

     (86     (2,409

Increases for tax positions of prior years.

     75        —     
    

 

 

   

 

 

 

Balance, end of year

   $ 508      $ 519   
    

 

 

   

 

 

 
Schedule Of Effective Income Tax Rate Reconciliation
     2011     2010     2009  
     (In thousands)  

Tax provision at Federal statutory rate

   $ 52,994        35.0   $ (1,072     35.0   $ (45,042     35.0

State income taxes, net of Federal income tax benefit

     9,477        6.3        (1,641     53.5        (6,175     4.8   

Interest on obligations of state and political subdivisions, which are exempt from Federal taxation

     (1,476     (1.0     (299     9.8        (267     0.2   

Low income housing and other tax credits

     (10,087     (6.6     (11,220     366.2        (10,575     8.2   

Other, net

     353        0.2        (397     13.0        147        (0.1
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total income tax (benefit)/expense

   $ 51,261        33.9   $ (14,629     477.5   $ (61,912     48.1