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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2011

Schedule Of Components Of Income Tax Expense (Benefit)




(In thousands)	Current		Deferred			Total
Year ended December 31, 2011:
U.S. federal	$	113,920	$	(2,720	)	$	111,200
State and local	10,328		(116		)	10,212
	$	124,248	$	(2,836	)	$	121,412
Year ended December 31, 2010:
U.S. federal	$	98,592	$	(6,612	)	$	91,980
State and local	6,742		(2,473		)	4,269
	$	105,334	$	(9,085	)	$	96,249
Year ended December 31, 2009:
U.S. federal	$	77,753	$	(6,719	)	$	71,034
State and local	3,314		(591		)	2,723
	$	81,067	$	(7,310	)	$	73,757

Schedule Of Income Tax Expense Recorded Directly To Stockholders Equity




(In thousands)	2011			2010			2009
Unrealized gain on securities available for sale	$	31,565		$	9,841		$	61,701
Compensation expense for tax purposes in excess of amounts recognized for financial reporting purposes	(1,065		)	(1,201		)	(557		)
Accumulated pension (benefit) loss	(2,641		)	327			1,476
Income tax expense allocated to stockholders' equity	$	27,859		$	8,967		$	62,620

Components Of Deferred Tax Assets And Liabilities




(In thousands)	2011			2010
Deferred tax assets:
Loans, principally due to allowance for loan losses	$	86,677		$	90,875
Equity-based compensation	13,218			13,707
Accrued expenses	17,652			8,886
Deferred compensation	5,739			5,374
Other	14,445			9,135
Total deferred tax assets	137,731			127,977
Deferred tax liabilities:
Unrealized gain on securities available for sale	80,790			49,225
Equipment lease financing	48,451			47,976
Land, buildings and equipment	19,116			20,579
Intangibles	4,642			4,700
Accretion on investment securities	6,877			3,922
Prepaid expenses	2,861			2,775
Other	4,823			2,541
Total deferred tax liabilities	167,560			131,718
Net deferred tax asset (liability)	$	(29,829	)	$	(3,741	)

Schedule Of Company's Actual Income Tax Expense




(In thousands)	2011			2010			2009
Computed "expected" tax expense	$	132,214		$	111,286		$	84,991
Increase (decrease) in income taxes resulting from:
Tax-exempt interest, net of cost to carry	(14,815		)	(12,745		)	(11,813		)
Tax deductible dividends on allocated shares held by the Company's ESOP	(1,058		)	(1,096		)	(1,087		)
State and local income taxes, net of federal tax benefit	6,638			2,775			1,770
Other	(1,567		)	(3,971		)	(104		)
Total income tax expense	$	121,412		$	96,249		$	73,757

Schedule Of Accrued Liability For Unrecognized Tax Benefit




(In thousands)	2011			2010
Unrecognized tax benefits at beginning of year	$	1,613		$	2,714
Gross increases – tax positions in prior period	12			166
Gross decreases – tax positions in prior period	(8		)	(1,044		)
Gross increases – current-period tax positions	292			328
Settlements	—			(251		)
Lapse of statute of limitations	(325		)	(300		)
Unrecognized tax benefits at end of year	$	1,584		$	1,613

- Definition

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

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