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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
INTEREST AND DIVIDEND INCOME    
Loans receivable, including fees$ 244,523$ 210,086$ 712,822$ 731,813
Investment securities24,50315,72566,61350,642
Securities purchased under resale agreements5,0642,41014,44311,303
Investment in Federal Home Loan Bank stock75194432431
Investment in Federal Reserve Bank stock7106232,1282,042
Short-term investments7,8662,36215,1067,405
Total interest and dividend income282,741231,400811,544803,636
INTEREST EXPENSE    
Customer deposit accounts28,21628,49883,32891,078
Federal Home Loan Bank advances3,0135,72512,74620,905
Securities sold under repurchase agreements12,21812,18936,35136,775
Long-term debt1,4241,6854,7834,823
Other borrowings884983841,903
Total interest expense44,95948,595137,592155,484
Net interest income before provision for loan losses237,782182,805673,952648,152
Provision for loan losses22,00038,64875,006170,325
Net interest income after provision for loan losses215,782144,157598,946477,827
NONINTEREST (LOSS) INCOME    
Gain on acquisition00027,571
Impairment loss on investment securities0(6,522)(5,555)(17,515)
Less: Noncredit-related impairment loss recorded in other comprehensive income05,6345,0917,186
Net impairment loss on investment securities recognized in earnings0(888)(464)(10,329)
(Decrease) increase in FDIC indemnification asset and receivable(43,451)5,826(79,700)(47,170)
Branch fees8,8727,97625,70424,953
Net gain on sales of investment securities3,1912,7916,82324,749
Net gain on sales of fixed assets30252,23677
Letters of credit fees and foreign exchange income6,4503,91417,63611,023
Ancillary loan fees2,0762,3676,1226,425
Income from life insurance policies9821,1003,0883,306
Net gain on sales of loans5,4524,17718,75312,250
Other operating income2,8532,0279,7893,694
Total noninterest (loss) income(13,545)29,3159,98756,549
NONINTEREST EXPENSE    
Compensation and employee benefits39,88538,693119,025131,051
Occupancy and equipment expense12,58013,96337,35339,022
Amortization of investments in affordable housing partnerships5,2871,44214,4107,117
Amortization of premiums on deposits acquired3,0673,3529,40310,046
Deposit insurance premiums and regulatory assessments2,4305,67616,45421,785
Loan-related expenses5,2086,31612,59114,567
Other real estate owned expense4,4895,69429,73844,689
Legal expense6,0285,30116,92014,391
Prepayment penalty for FHLB advances and other borrowings3,826012,28113,832
Data processing1,8272,6466,5308,174
Deposit-related expenses1,6671,2394,1993,381
Consulting expense2,0941,6126,0985,672
Other operating expenses16,16414,01143,93650,446
Total noninterest expense104,55299,945328,938364,173
INCOME BEFORE PROVISION FOR INCOME TAXES97,68573,527279,995170,203
PROVISION FOR INCOME TAXES35,25326,576100,96761,988
NET INCOME62,43246,951179,028108,215
PREFERRED STOCK DIVIDENDS AND AMORTIZATION OF PREFERRED STOCK DISCOUNT1,7146,7325,14319,017
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS$ 60,718$ 40,219$ 173,885$ 89,198
EARNINGS PER SHARE AVAILABLE TO COMMON STOCKHOLDERS    
BASIC (in dollars per share)$ 0.41$ 0.27$ 1.18$ 0.66
DILUTED (in dollars per share)$ 0.41$ 0.27$ 1.17$ 0.61
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING    
BASIC (in shares)147,162146,454147,013134,396
DILUTED (in shares)153,453147,113153,372146,993
DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share)$ 0.05$ 0.01$ 0.11$ 0.03