XML 146 R41.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 12 - Income Taxes (Tables)
12 Months Ended
Dec. 31, 2013
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
    Year Ended December 31,  
   

2013

   

2012

   

2011

 
   

(In thousands)

 

Current:

                       

Federal

  $ 62,254     $ 44,263     $ 26,548  

State

    23,295       17,081       10,905  
    $ 85,549     $ 61,344     $ 37,453  
                         

Deferred:

                       

Federal

    (11,162 )     3,755       10,133  

State

    (3,952 )     1,029       3,675  
    $ (15,114 )   $ 4,784     $ 13,808  

Total income tax expense/(benefit)

  $ 70,435     $ 66,128     $ 51,261  
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
   

As of December 31,

 
   

2013

   

2012

 
   

(In thousands)

 

Deferred Tax Assets

               

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

  $ 89,560     $ 100,774  

Write-down on equity securities and venture capital investments

    2,857       3,374  

Share-based compensation

    13,573       16,120  

State tax

    6,493       4,479  

Non-accrual interest

    3,968       3,208  

Write-down on other real estate owned

    8,595       10,302  

Accrual for bonuses

    3,380       432  

Accrual for litigation

    2,415       2,415  

Unrealized loss on interest rate swaps

    -       175  

Unrealized loss on securities available-for-sale, net

    21,569       -  

Other, net

    4,214       2,937  

Gross deferred tax assets

    156,624       144,216  

Deferred Tax Liabilities

               

Core deposit intangibles

    -       (1,632 )

Investment in aircraft financing trust and venture capital partnerships

    -       (19,684 )

Unrealized gain on securities available-for-sale, net

    -       (338 )

Basis difference in acquired assets

    (3,138 )     (3,145 )

Dividends on Federal Home Loan Bank common stock

    (2,986 )     (3,071 )

Other, net

    (2,773 )     (1,939 )

Gross deferred tax liabilities

    (8,897 )     (29,809 )

Valuation allowance

    (1,263 )     (2,125 )

Net deferred tax assets

  $ 146,464     $ 112,282  
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
    Year Ended December 31,  
   

2013

   

2012

   

2011

 
   

(In thousands)

 

Tax provision at Federal statutory rate

  $ 67,752       35.0 %   $ 64,248       35.0 %   $ 52,994       35.0 %

State income taxes, net of Federal income tax benefit

    12,573       6.5       11,772       6.4       9,477       6.3  

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

    (348 )     (0.2 )     (1,456 )     (0.8 )     (1,476 )     (1.0 )

Low income housing and other tax credits

    (10,056 )     (5.2 )     (9,353 )     (5.1 )     (10,087 )     (6.6 )

Other, net

    514       0.3       917       0.5       353       0.2  
                                                 

Total income tax expense/(benefit)

  $ 70,435       36.4 %   $ 66,128       36.0 %   $ 51,261       33.9 %