STOCKHOLDERS' EQUITY (Tables)

3 Months Ended

Mar. 31, 2013

	Three Months Ended March 31, 2013
	Net Income			Number of Shares	Per Share Amounts
	(In thousands, except per share data)
Net income	$	72,091
Less:
Preferred stock dividends	(1,714		)
Earnings allocated to participating securities	(584		)

Basic EPS — income allocated to common stockholders(1)	$	69,793		137,648	$	0.51
Effect of dilutive securities:
Stock options	—			51
Restricted stock units	36			242
Convertible preferred stock	1,714			5,578

Diluted EPS — income allocated to common stockholders (1)	$	71,543		143,519	$	0.50

	Three Months Ended March 31, 2012
	Net Income			Number of Shares	Per Share Amounts
	(In thousands, except per share data)
Net income	$	68,083
Less:
Preferred stock dividends	(1,714		)

Basic EPS — income available to common stockholders	$	66,369		145,347	$	0.46
Effect of dilutive securities:
Stock options	—			48
Restricted stock awards	103			1,030
Convertible preferred stock	1,714			5,571

Diluted EPS — income available to common stockholders	$	68,186		151,996	$	0.45

Shares excluded from the calculation of diluted EPS

	Three Months Ended
	March 31,
	2013	2012
	(In thousands)
Stock options	270	396
Restricted stock awards (1)	133	3

(1) On April 1, 2012, the Company revised its calculation of earnings per share to account for participating securities under the two-class method. This revision to the earnings per share calculation does not have an impact to previous periods as the amounts are immaterial.

Accumulated other comprehensive income (loss), net of tax

	Unrealized (loss) gain on
	investment securities			Foreign currency		Unrealized gain on
	available-for-sale			translation adjustments		other asset investment		Total
	(In thousands)
Balance, December 31, 2011	$	(34,848	)	$	900	$	8	$	(33,940	)
Period Change	17,052			—		10		17,062

Balance, March 31, 2012	$	(17,796	)	$	900	$	18	$	(16,878	)

Balance, December 31, 2012	$	4,643		$	—	$	26	$	4,669
Other comprehensive income before reclassifications	4,741			—		10		4,751
Amounts reclassified from AOCI	(3,235		)	—		—		(3,235		)

Net current period other comprehensive income	1,506			—		10		1,516

Balance, March 31, 2013	$	6,149		$	—	$	36	$	6,185

Schedule of reclassifications out of accumulated other comprehensive income

	Amount Reclassified from
Details about Accumulated Other	Accumulated Other			Affected Line Item in the Statement
Comprehensive Income Components	Comprehensive Income			Where Net Income is Presented
	(In thousands)
Three Months Ended March 31, 2013
Investment securities available for sale
Realized net gains on sale of securities	$	5,577		Net gain on sales of investment securities

	5,577
	(2,342		)	Tax expense

Total reclassifications	$	3,235

Schedule of tax effect allocated to component of other comprehensive income

				Tax
	Before-Tax			(Expense)			Net-of-Tax
	Amount			or Benefit			Amount
				(In thousands)
Three Months Ended March 31, 2013
Unrealized gain on investment securities available-for-sale:
Unrealized holding gains arising during period	$	8,174		$	(3,433	)	$	4,741
Less: reclassification adjustment for gains included in income	(5,577		)	2,342			(3,235		)

Net unrealized gains	2,597			(1,091		)	1,506

Noncredit-related impairment loss on securities	—			—			—
Unrealized gain on other asset investment	17			(7		)	10
Less: reclassification adjustment for gains included in income	—			—			—

Other comprehensive income	$	2,614		$	(1,098	)	$	1,516

				Tax
	Before-Tax			(Expense)			Net-of-Tax
	Amount			or Benefit			Amount
				(In thousands)
Three Months Ended March 31, 2012
Unrealized loss on investment securities available-for-sale:
Unrealized holding gains arising during period	$	34,948		$	(14,678	)	$	20,270
Less: reclassification adjustment for gains included in income	(483		)	203			(280		)

Net unrealized loss	34,465			(14,475		)	19,990

Noncredit-related impairment loss on securities	(5,066		)	2,128			(2,938		)
Foreign currency translation adjustments	—			—			—
Unrealized gain on other asset investment	17			(7		)	10
Less: reclassification adjustment for gains included in income	—			—			—

Other comprehensive income	$	29,416		$	(12,354	)	$	17,062

- Definition

Tabular disclosure of components of comprehensive income (loss) including, but not limited to: (a) foreign currency translation adjustments; (b) gains (losses) on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (c) gains (losses) on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (d) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (e) unrealized holding gains (losses) on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (f) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (g) the net gain (loss) and net prior service cost or credit for pension plans and other postretirement benefit plans.

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