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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2011
Income Taxes [Abstract]  
Schedule Of Provision For Income Tax Expense
(dollars in thousands)    2011     2010     2009  

Current expense

   $ 33,116      $  28,562      $  12,330   

Deferred expense (benefit)

     (11,750     (3,607     82,297   

Tax credits

     (6,734     (6,214     (5,489

Tax benefits attributable to items charged to equity and goodwill

     2,349        1,250        1,200   
  

 

 

   

 

 

   

 

 

 

Total income tax expense

   $ 16,981      $ 19,991      $ 90,338   
  

 

 

   

 

 

   

 

 

 
Reconciliation Of Effective Tax Rate
(dollars in thousands)    2011     2010     2009  

Federal tax based on statutory rate

   $ 24,682      $ 24,086      $ 87,042   

Increase (decrease) resulting from:

      

Effect of tax-exempt income

     (6,633     (5,935     (5,175

Interest and other nondeductible expenses

     1,487        1,295        1,009   

State taxes

     3,034        3,615        9,261   

Tax credits

     (6,734     (6,214     (5,489

Goodwill impairment

     —          —          2,808   

Other

     1,145        3,144        882   
  

 

 

   

 

 

   

 

 

 

Total income tax expense

   $ 16,981      $ 19,991      $ 90,338   

Effective rate

     24.1     29.1     36.3
  

 

 

   

 

 

   

 

 

 
Deferred Tax Assets And Liabilities
(dollars in thousands)    2011     2010  

Deferred tax asset:

    

Allowance for loan losses

   $ 56,684      $ 23,270   

Discount on purchased loans

     153        162   

Deferred compensation

     1,727        1,644   

Investments acquired

     395        407   

Unrealized loss on cash flow hedges

     1,029        —     

Other

     25,381        6,103   
  

 

 

   

 

 

 

Subtotal

     85,369        31,586   

Deferred tax liability:

    

Basis difference in acquired assets

     (63,140     (80,986

FHLB stock

     (111     (497

Premises and equipment

     (15,580     (9,402

Acquisition intangibles

     (7,310     (9,525

Deferred loan costs

     (1,732     (1,559

Unrealized gain on investments classified as available for sale

     (14,197     (2,856

Unrealized gain on cash flow hedges

     —          (5,045

Swap gain

     —          (1

Other

     (11,584     (6,772
  

 

 

   

 

 

 

Subtotal

     (113,654     (116,643
  

 

 

   

 

 

 

Deferred tax liability, net

   $ (28,285   $ (85,057