Loans and leases (Tables)

12 Months Ended

Dec. 31, 2011

Loans and leases/Allowance for credit losses [Abstract]

Total gross loans and leases outstanding

Total loans and leases outstanding were comprised of the following:

	December 31
	2011			2010
	(In thousands)
Loans
Commercial, financial, etc	$	14,419,490		$	11,999,065
Real estate:
Residential		7,889,569			5,876,413
Commercial		20,312,648			16,977,747
Construction		4,203,324			4,332,618
Consumer		12,020,229			11,483,564
Total loans		58,845,260			50,669,407
Leases
Commercial		1,532,615			1,646,535
Total loans and leases		60,377,875			52,315,942
Less: unearned discount		(281,870	)		(325,560	)
Total loans and leases, net of unearned discount	$	60,096,005		$	51,990,382

Outstanding principal balance and the carrying amount of loans that is included in the consolidated balance sheet

The outstanding principal balance and the carrying amount of acquired loans that were recorded at fair value at the acquisition date that is included in the consolidated balance sheet were as follows:

	December 31
	2011		2010
	(In thousands)
Outstanding principal balance	$	9,203,366	$	3,681,488
Carrying amount:
Commercial, financial, leasing, etc		1,331,198		337,969
Commercial real estate		3,879,518		1,420,239
Residential real estate		915,371		348,225
Consumer		2,033,700		1,231,292
	$	8,159,787	$	3,337,725

Summary of changes in accretable yield for acquired loans

For Year Ended December 31,	2011						2010						2009
	Purchased			Other			Purchased			Other			Purchased			Other
	Impaired			Acquired			Impaired			Acquired			Impaired			Acquired
							(In thousands)
Balance at beginning of period	$	9,245		$	447,505		$	4,318		$	531,546		$	—		$	—
Additions		39,358			648,631			4,922			13,747			6,381			640,080
Interest income		(26,221	)		(268,315	)		(5,826	)		(171,207	)		(1,834	)		(108,534	)
Reclassifications from (to) nonaccretable balance, net		8,629			1,800			5,831			34,000			(229	)		—
Other (a)		(206	)		(21,661	)		—			39,419			—			—
Balance at end of period	$	30,805		$	807,960		$	9,245		$	447,505		$	4,318		$	531,546

(a) Other changes in expected cash flows including changes in interest rates and prepayments.

Summary of current, past due and nonaccrual loans

A summary of current, past due and nonaccrual loans as of December 31, 2011 and December 31, 2010 were as follows:

					90 Days or More Past Due and Accruing
	Current		30-89 Days Past Due		Non- acquired		Acquired(a)		Purchased Impaired (b)		Nonaccrual		Total
					(In thousands)
December 31, 2011
Commercial, financial, leasing, etc.	$	15,493,803	$	37,112	$	7,601	$	8,560	$	23,762	$	163,598	$	15,734,436
Real estate:
Commercial		19,658,761		172,641		9,983		54,148		192,804		171,111		20,259,448
Residential builder and developer		845,680		49,353		13,603		21,116		297,005		281,576		1,508,333
Other commercial construction		2,393,304		41,049		968		23,582		78,105		106,325		2,643,333
Residential		6,626,182		256,017		250,472		37,982		56,741		172,681		7,400,075
Residential Alt-A		383,834		34,077		—		—		—		105,179		523,090
Consumer:
Home equity lines and loans		6,570,675		43,516		—		15,409		4,635		47,150		6,681,385
Automobile		2,644,330		48,342		—		601		—		26,835		2,720,108
Other		2,551,225		43,547		5,249		2,340		310		23,126		2,625,797
Total	$	57,167,794	$	725,654	$	287,876	$	163,738	$	653,362	$	1,097,581	$	60,096,005
December 31, 2010
Commercial, financial, leasing, etc.	$	13,091,963	$	97,692	$	16,647	$	8,693	$	2,250	$	173,365	$	13,390,610
Real estate:
Commercial		16,594,914		92,866		26,364		25,010		8,275		184,361		16,931,790
Residential builder and developer		898,581		34,361		823		28,204		72,710		316,811		1,351,490
Other commercial construction		2,725,786		37,665		10,349		7,718		2,098		116,265		2,899,881
Residential		4,699,711		229,641		192,276		10,728		9,320		162,001		5,303,677
Residential Alt-A		475,236		42,674		—		—		—		106,469		624,379
Consumer:
Home equity lines and loans		6,472,563		38,367		—		9,692		2,366		33,363		6,556,351
Automobile		2,608,230		44,604		—		26		—		31,866		2,684,726
Other		2,190,353		36,689		4,246		951		—		15,239		2,247,478
Total	$	49,757,337	$	654,559	$	250,705	$	91,022	$	97,019	$	1,139,740	$	51,990,382

(a) Acquired loans that were recorded at fair value at acquisition date. This category does not include purchased impaired loans that are presented separately.

(b) Accruing loans that were impaired at acquisition date and recorded at fair value.

Loan modification activities that were considered troubled debt restructurings

The table below summarizes the Company’s loan modification activities that were considered troubled debt restructurings for the year ended December 31, 2011:

			Recorded Investment				Financial Effects of Modification
	Number		Pre- modifica- tion		Post- modifica- tion		Recorded Investment (a)			Interest (b)
	(Dollars in thousands)
Commercial, financial, leasing, etc.
Principal deferral		53	$	10,703	$	10,778	$	75		$	—
Combination of concession types		3		2,049		2,046		(3	)		(654	)
Real estate:
Commercial
Principal deferral		29		16,804		16,704		(100	)		—
Combination of concession types		3		15,778		15,777		(1	)		(1,463	)
Residential builder and developer
Principal deferral		9		33,208		26,811		(6,397	)		—
Other		6		118,114		110,156		(7,958	)		—
Combination of concession types		5		2,540		2,561		21			—
Other commercial construction
Principal deferral		3		8,436		8,553		117			—
Combination of concession types		3		65,813		60,973		(4,840	)		—
Residential
Principal deferral		37		8,175		8,235		60			—
Interest rate reduction		14		1,926		1,991		65			(318	)
Combination of concession types		111		19,508		19,934		426			(1,559	)
Residential Alt-A
Principal deferral		3		800		835		35			—
Combination of concession types		34		6,813		6,978		165			(889	)
Consumer:
Home equity lines and loans
Principal deferral		3		259		259		—			—
Other		3		86		86		—			—
Combination of concession types		26		2,156		2,158		2			(444	)
Automobile
Principal deferral		746		10,053		10,053		—			—
Interest rate reduction		17		183		183		—			(13	)
Other		111		739		739		—			—
Combination of concession types		431		6,703		6,703		—			(808	)
Other
Principal deferral		23		400		400		—			—
Interest rate reduction		1		8		8		—			(1	)
Other		4		103		103		—			—
Combination of concession types		102		803		803		—			(189	)
Total		1,780	$	332,160	$	313,827	$	(18,333	)	$	(6,338	)

(a) Financial effects impacting the recorded investment included principal payments or advances, charge-offs and capitalized escrow arrearages.

(b) Represents the present value of interest rate concessions discounted at the effective rate of the original loan.

Summary of lease financing receivables

The Company’s loan and lease portfolio includes commercial lease financing receivables consisting of direct financing and leveraged leases for machinery and equipment, railroad equipment, commercial trucks and trailers, and aircraft. A summary of lease financing receivables follows:

	December 31
	2011			2010
	(In thousands)
Commercial leases:
Direct financings:
Lease payments receivable	$	1,137,310		$	1,205,499
Estimated residual value of leased assets		96,479			96,441
Unearned income		(153,704	)		(181,771	)
Investment in direct financings		1,080,085			1,120,169
Leveraged leases:
Lease payments receivable		154,551			164,818
Estimated residual value of leased assets		144,275			179,777
Unearned income		(53,847	)		(63,154	)
Investment in leveraged leases		244,979			281,441
Total investment in leases.	$	1,325,064		$	1,401,610
Deferred taxes payable arising from leveraged leases	$	180,731		$	202,566

Minimum future lease payments to be received from lease financings

At December 31, 2011, the minimum future lease payments to be received from lease financings were as follows:

	Total
	(In thousands)
Year ending December 31:
2012	$	312,730
2013		246,265
2014		180,844
2015		131,097
2016		103,161
Later years		317,764
	$	1,291,861