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Summary of Significant Accounting Policies
3 Months Ended
Mar. 31, 2015
Summary of Significant Accounting Policies  
Schedule of Condensed Financial Statements

 

 

 

 

Consolidated Balance Sheet

 

 

 

As of December 31, 2014

 

(in thousands) 

 

As Reported

 

As Adjusted

 

 

 

 

 

(Unaudited)

 

Assets

 

 

 

 

 

Deferred tax asset

 

$

230,376 

 

$

233,811 

 

Affordable housing investments

 

203,010 

 

186,423 

 

Other assets

 

537,826 

 

537,847 

 

Shareholders’ equity

 

 

 

 

 

Retained earnings

 

2,084,361 

 

2,071,230 

 

 

 

 

 

Consolidated Income Statement

 

 

 

For the three months ended

 

 

 

March 31, 2014

 

(in thousands, except per share amounts)

 

As Reported

 

As Adjusted

 

 

 

(Unaudited)

 

Noninterest expense

 

 

 

 

 

Other operating

 

$

12,846 

 

$

8,805 

 

 

 

 

 

 

 

Income taxes

 

26,288 

 

31,010 

 

Net income

 

55,210 

 

54,529 

 

 

 

 

 

 

 

Net income per common share, basic

 

$

0.91 

 

$

0.90 

 

Net income per common share, diluted

 

$

0.90 

 

$

0.89 

 

 

 

 

Consolidated Statement of Cash Flows

 

 

 

For the three months ended

 

 

 

March 31, 2014

 

(in thousands)

 

As Reported

 

As Adjusted

 

 

 

(Unaudited)

 

Cash Flows From Operating Activities

 

 

 

 

 

Net income .

 

$

55,210

 

$

54,529

 

Adjustments to net income:

 

 

 

 

 

Deferred income tax benefit .

 

(2,679

)

(3,237

)

Other, net

 

3,720

 

4,948

 

Net change in:

 

 

 

 

 

Other assets and other liabilities, net

 

(88,574

)

(88,563

)