Parent Company Financial Information (Tables)

12 Months Ended

Dec. 31, 2013

Condensed Financial Information Of Parent Company Only Disclosure [Abstract]

Schedule Of Condensed Statements Of Condition

Following are condensed statements of the parent company:
Statements of Condition		Year Ended December 31
(Dollars in thousands)		2013		2012
Assets:
Cash	$	81,271	$	20,421
Interest-bearing cash		15,800		80,000
Securities available-for-sale		1,643		6,346
Notes receivable		3,610		3,700
Allowance for loan losses		(925)		(1,850)
Investments in subsidiaries:
Bank		3,040,499		3,161,926
Non-bank		18,044		17,818
Other assets		207,498		217,934
Total assets	$	3,367,440	$	3,506,295
Liabilities and equity:
Other short-term borrowings	$	-	$	27,200
Accrued employee benefits and other liabilities		158,091		128,655
Term borrowings		708,598		841,234
Total liabilities		866,689		997,089
Total equity		2,500,751		2,509,206
Total liabilities and equity	$	3,367,440	$	3,506,295

Schedule Of Condensed Statements of Income

Statements of Income		Year Ended December 31
(Dollars in thousands)		2013		2012		2011
Dividend income:
Bank	$	180,000	$	100,000	$	100,000
Non-bank		957		390		907
Total dividend income		180,957		100,390		100,907
Interest income		125		329		176
Other income		3,468		1,050		6,392
Total income		184,550		101,769		107,475
Provision/(provision credit) for loan losses		(925)		(1,850)		2,877
Interest expense:
Short-term debt		20		50		283
Term borrowings		24,058		24,365		22,626
Total interest expense		24,078		24,415		22,909
Compensation, employee benefits and other expense		37,490		40,286		36,053
Total expense		60,643		62,851		61,839
Income/(loss) before income taxes		123,907		38,918		45,636
Income tax benefit		(20,897)		(23,653)		(21,127)
Income/(loss) before equity in undistributed net income of subsidiaries		144,804		62,571		66,763
Equity in undistributed net income/(loss) of subsidiaries:
Bank		(114,902)		(90,769)		64,113
Non-bank		(300)		439		320
Net income/(loss) attributable to the controlling interest	$	29,602	$	(27,759)	$	131,196

Schedule Of Condensed Statements Of Cash Flows

Statements of Cash Flows		Year Ended December 31
(Dollars in thousands)		2013		2012		2011
Operating activities:
Net income/(loss)	$	29,602	$	(27,759)	$	131,196
Less undistributed net loss of subsidiaries		(115,202)		(90,330)		64,433
Income/(loss) before undistributed net income of subsidiaries		144,804		62,571		66,763
Adjustments to reconcile income to net cash provided by operating activities:
Depreciation, amortization, and other		(1,314)		(2,335)		4,396
Loss on securities		(2,182)		-		-
Stock-based compensation expense		16,144		16,201		12,996
Net (increase)/decrease in interest receivable and other assets		(4,959)		(14,945)		(12,999)
Net (decrease)/increase in interest payable and other liabilities		8,626		1,599		(7,993)
Total adjustments		16,315		520		(3,600)
Net cash provided/(used) by operating activities		161,119		63,091		63,163
Investing activities:
Securities:
Sales and prepayments		599		512		699
Purchases		(120)		(180)		(149)
Premises and equipment:
Purchases		(63)		(225)		-
Decrease/(increase) in interest-bearing cash		64,200		85,000		(52,104)
Return on investment in subsidiary		90		-		2,170
Net cash provided/(used) by investing activities		64,706		85,107		(49,384)
Financing activities:
Preferred stock:
Proceeds from issuance of preferred stock		95,624		-		-
Cash dividends		(4,288)		-		-
Common stock:
Repurchase of common stock warrants - CPP		-		-		(79,700)
Exercise of stock options		651		144		-
Cash dividends		(38,229)		(10,066)		(7,944)
Repurchase of shares		(91,533)		(133,757)		(45,111)
Term borrowings:
Repayment of term borrowings		(100,000)		-		(103,093)
Increase/(decrease) in short-term borrowings		(27,200)		(900)		23,300
Repayment of advance from subsidiary		-		-		(3,700)
Other		-		(14)		(2)
Net cash (used)/provided by financing activities		(164,975)		(144,593)		(216,250)
Net increase/(decrease) in cash and cash equivalents		60,850		3,605		(202,471)
Cash and cash equivalents at beginning of year		20,421		16,816		219,287
Cash and cash equivalents at end of year	$	81,271	$	20,421	$	16,816
Total interest paid	$	24,102	$	23,858	$	26,517
Total income taxes paid		31,075		10,671		4,998