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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
INTEREST AND DIVIDEND INCOME      
Loans receivable, including fees $ 945,798 $ 998,589 $ 587,163
Investment securities 89,469 70,052 116,286
Securities purchased under resale agreements 19,216 14,208 7,985
Investment in Federal Home Loan Bank stock 550 597  
Investment in Federal Reserve Bank stock 2,840 2,751 2,337
Short-term investments 22,575 9,634 9,047
Total interest and dividend income 1,080,448 1,095,831 722,818
INTEREST EXPENSE      
Customer deposit accounts 107,110 116,737 129,477
Federal Home Loan Bank advances 15,461 26,641 49,940
Securities sold under repurchase agreements 48,561 48,993 49,725
Long-term debt 5,832 6,420 7,816
Other borrowings 458 2,326 171
Total interest expense 177,422 201,117 237,129
Net interest income before provision for loan losses 903,026 894,714 485,689
Provision for loan losses 95,006 200,159 528,666
Net interest income (loss) after provision for loan losses 808,020 694,555 (42,977)
NONINTEREST INCOME      
Gain on acquisition   22,874 471,009
Impairment loss on investment securities (5,736) (32,127) (121,802)
Less: Noncredit-related impairment loss recorded in other comprehensive income 5,103 15,458 14,131
Net impairment loss on investment securities recognized in earnings (633) (16,669) (107,671)
Decrease in FDIC indemnification asset and receivable (100,141) (83,213) (23,338)
Branch fees 33,776 32,634 22,326
Net gain on sales of investment securities 9,703 31,237 11,923
Letters of credit fees and commissions 13,997 11,816 8,338
Foreign exchange income 9,143 3,171 1,201
Ancillary loan fees 8,350 8,526 6,286
Income from life insurance policies 4,031 4,083 4,368
Net gain on sales of loans 20,185 18,515  
Net gain (loss) on sale of fixed assets 2,274 (189) 93
Other operating income (loss) 10,239 6,485 (3,582)
Total noninterest income 10,924 39,270 390,953
NONINTEREST EXPENSE      
Compensation and employee benefits 160,093 170,052 79,475
Occupancy and equipment expense 50,082 52,073 30,218
Amortization of investments in affordable housing partnerships and other investments 17,324 10,032 7,450
Amortization of premiums on deposits acquired 12,327 13,283 5,895
Deposit insurance premiums and regulatory assessments 20,531 25,201 28,073
Loan related expenses 19,379 21,070 7,580
Other real estate owned expense 40,435 61,568 19,104
Legal expense 21,327 19,577 8,024
Prepayment penalty for FHLB advances and other borrowings 12,281 13,832 2,370
Data processing 8,598 10,615 5,641
Deposit-related expenses 5,699 4,750 3,909
Consulting expense 7,151 7,984 8,135
Other operating expenses 60,383 67,879 37,380
Total noninterest expense 435,610 477,916 243,254
INCOME BEFORE PROVISION FOR INCOME TAXES 383,334 255,909 104,722
PROVISION FOR INCOME TAXES 138,100 91,345 22,714
NET INCOME BEFORE EXTRAORDINARY ITEMS 245,234 164,564 82,008
Extraordinary item, net of tax     (5,366)
NET INCOME AFTER EXTRAORDINARY ITEMS 245,234 164,564 76,642
PREFERRED STOCK DIVIDENDS AMORTIZATION OF PREFERRED STOCK DISCOUNT, AND INDUCEMENT OF PREFERRED STOCK CONVERSION 6,857 43,126 49,115
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 238,377 $ 121,438 $ 27,527
EARNINGS PER SHARE AVAILABLE TO COMMON STOCKHOLDERS      
BASIC (in dollars per share) $ 1.62 $ 0.88 $ 0.35
DILUTED (in dollars per share) $ 1.60 $ 0.83 $ 0.33
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING      
BASIC (in shares) 147,093 137,478 78,770
DILUTED (in shares) 153,467 147,102 84,523
DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 0.16 $ 0.04 $ 0.05