INVESTMENTS IN QUALIFIED AFFORDABLE HOUSING PARTNERSHIPS, TAX CREDIT AND OTHER INVESTMENTS, NET (Tables)

12 Months Ended

Dec. 31, 2015

INVESTMENTS IN QUALIFIED AFFORDABLE HOUSING PARTNERSHIPS, TAX CREDIT AND OTHER INVESTMENTS, NET

Summary of the impact of new accounting guidance

The following tables present the impact of the new accounting guidance on the Consolidated Balance Sheets and the Consolidated Statements of Income as of the periods indicated:

($ in thousands)	December 31, 2014
	As Previously Reported		As Revised
Consolidated Balance Sheets:
Investments in qualified affordable housing partnerships, net	$	178,652	$	178,962
Other assets — deferred tax assets	$	384,367	$	389,601
Retained earnings	$	1,598,598	$	1,604,141

($ in thousands, except per share data)	Year Ended December 31,
	2014				2013
	As Previously Reported		As Revised		As Previously Reported		As Revised
Consolidated Statements of Income:
Noninterest expense — amortization of tax credit and other investments	$	75,660	$	44,092	$	27,268	$	5,973
Income before income taxes	$	415,455	$	447,023	$	425,850	$	447,146
Income taxes expense	$	72,972	$	101,145	$	130,805	$	153,822
Net income	$	342,483	$	345,878	$	295,045	$	293,324
Earnings Per Share:
Basic	$	2.39	$	2.42	$	2.11	$	2.10
Diluted	$	2.38	$	2.41	$	2.10	$	2.09

Schedule of investments in qualified affordable housing partnerships and related unfunded commitments

The following table presents the balances of the Company’s investments in qualified affordable housing partnerships, net and related unfunded commitments as of December 31, 2015 and 2014:

($ in thousands)	December 31,
	2015		2014
Investments in qualified affordable housing partnerships, net	$	193,978	$	178,962
Accrued expenses and other liabilities — Unfunded commitments	$	61,525	$	43,311

Schedule of other information related to investments in qualified affordable housing partnership

The following table presents other information related to the Company’s investments in qualified affordable housing partnerships, net for the periods indicated:

($ in thousands)	Year Ended December 31,
	2015		2014		2013
Tax credits and other tax benefits recognized	$	38,271	$	32,613	$	29,084
Amortization expense included in income tax expense	$	26,814	$	21,428	$	20,824

Schedule of unfunded commitments related to investments in qualified affordable housing partnerships, tax credit and other investments, net estimated to be paid

The Company’s unfunded commitments related to investments in qualified affordable housing partnerships, tax credit and other investments, net are estimated to be paid as follows:

Estimates For The Years Ending December 31,	Amount
	($ in thousands)
2016	$	84,456
2017	34,483
2018	20,645
2019	13,891
2020	15,418
Thereafter	5,828
Total	$	174,721