Federal and State Income Taxes (Tables)

6 Months Ended

Jun. 30, 2011

Federal and State Income Taxes [Abstract]

Reconciliation of income (loss) to income tax expense

The reconciliations of income (loss) attributable to continuing operations at the U.S. federal statutory tax rate to income tax expense are as follows (in thousands):

	Three Months Ended June 30,						Six Months Ended June 30,
	2011			2010			2011			2010
Amount:
Federal statutory tax	$	38,868		$	34,160		$	75,100		$	65,879
Tax exempt revenue		(1,331	)		(1,388	)		(2,694	)		(2,793	)
Effect of state income taxes, net of federal benefit		2,738			2,003			5,376			3,718
Utilization of tax credits		(594	)		(1,712	)		(1,093	)		(3,040	)
Bank-owned life insurance		(979	)		(877	)		(1,964	)		(1,742	)
Other, net		655			(144	)		3,384			303
Total	$	39,357		$	32,042		$	78,109		$	62,325

	Three Months Ended June 30,						Six Months Ended June 30,
	2011			2010			2011			2010
Percent of pretax income:
Federal statutory tax		35	%		35	%		35	%		35	%
Tax exempt revenue		(1	)		(1	)		(1	)		(1	)
Effect of state income taxes, net of federal benefit		3			2			3			2
Utilization of tax credits		(1	)		(2	)		(1	)		(2	)
Bank-owned life insurance		(1	)		(1	)		(1	)		(1	)
Other, net		1			–			1			–
Total		36	%		33	%		36	%		33	%