Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Schedule Of Components Of Consolidated Statements Of Income And Equity

The aggregate amount of income taxes included in the Consolidated Statements of Income and the Consolidated Statements of Equity for the years ended December 31, were as follows:
(Dollars in thousands)			2014		2013		2012
Consolidated Statements of Income:
Income tax expense/(benefit) related to continuing operations		$	84,185	$	(19,389)	$	(72,028)
Income tax expense/(benefit) related to discontinued operations			-		343		93
Consolidated Statements of Equity:
Income tax expense/(benefit) related to:
	Pension and postretirement plans		(42,842)		39,394		(2,875)
	Unrealized gains/(losses) on investment securities available-for-sale		18,135		(41,761)		(7,525)
	Share-based compensation		7,220		1,569		4,140
Total		$	66,698	$	(19,844)	$	(78,195)
Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

Schedule Of Components Of Income Tax Expense/(Benefit)

The components of income tax expense/(benefit) related to continuing operations for the years ended December 31, were as follows:
(Dollars in thousands)			2014		2013		2012
Current:
	Federal	$	83,916	$	2,971	$	6,895
	State		(3,461)		(13,792)		(9,725)
	Foreign		1		10		33
Deferred:
	Federal		(157)		4,771		(58,742)
	State		3,872		(13,312)		(10,488)
	Foreign		14		(37)		(1)
Total		$	84,185	$	(19,389)	$	(72,028)
Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

Schedule Of Computation Of Income Tax Expense Differed From The Amounts Computed By Applying Statutory Federal Income Tax Rate To Income/(Loss) From Continuing Operations Before Income Taxes

A reconciliation of expected income tax expense/(benefit) at the federal statutory rate of 35 percent to the total income tax expense from continuing operations follows:
(Dollars in thousands)			2014			2013			2012
Federal income tax rate			35	%		35	%		35	%
Tax computed at statutory rate		$	111,381		$	6,451		$	(30,635)
Increase/(decrease) resulting from:
	State income taxes		8,786			(2,138)			(3,587)
	Bank owned life insurance ("BOLI")		(6,671)			(6,646)			(7,428)
	401(k) - employee stock ownership plan ("ESOP")		(659)			(568)			(155)
	Tax-exempt interest		(5,798)			(5,094)			(4,469)
	Non-deductible expenses		829			963			1,175
	LIHTC qualifying investments		2,284			8,834			7,625
	Tax credits		(11,392)			(13,340)			(18,125)
	Subsidiary liquidation		-			-			(6,733)
	Change in valuation allowance - DTA		(13,168)			(4,427)			-
	Other changes in unrecognized tax benefits		(1,570)			(5,106)			(8,981)
	Other		163			1,682			(715)
	Total	$	84,185		$	(19,389)		$	(72,028)
Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

Schedule Of Deferred Tax Assets And Deferred Tax Liabilities Due To Temporary Differences

Temporary differences which gave rise to deferred tax assets and deferred tax liabilities on December 31, 2014 and 2013 were as follows:
(Dollars in thousands)	2014		2013
Deferred tax assets:
Loss reserves	$	100,569	$	94,170
Employee benefits		136,007		97,246
Investment in partnerships		2,075		2,032
Foreclosed property		1,205		901
Accrued expenses		31,613		25,158
Investment in AFS securities		-		6,874
Capital loss carryforwards		44,445		51,876
Credit carryforwards		39,196		98,919
Federal NOL carryforwards		-		4,184
State NOL carryforwards		15,279		29,422
Unrecognized tax benefits		1,915		3,103
Other		18,902		21,760
Gross deferred tax assets		391,206		435,645
Valuation allowance		(44,584)		(57,752)
Deferred tax assets after valuation allowance	$	346,622	$	377,893
Deferred tax liabilities:
Capitalized mortgage servicing rights	$	337	$	25,245
Depreciation and amortization		22,353		46,209
Federal Home Loan Bank stock		9,383		17,426
Investment in AFS securities		11,639		-
Other intangible assets		30,888		28,417
Prepaid expenses		9,874		9,752
Other		1,570		2,958
Gross deferred tax liabilities		86,044		130,007
Net deferred tax assets	$	260,578	$	247,886
Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

Schedule Of Rollforward Of Unrecognized Tax Benefits

The rollforward of unrecognized tax benefits is shown below:
(Dollars in thousands)
Balance at December 31, 2012	$	17,638
Increases related to prior year tax positions		-
Decreases related to prior year tax positions		(1,688)
Settlements		(7,386)
Lapse of statutes		(1,943)
Balance at December 31, 2013	$	6,621
Increases related to prior year tax positions		960
Increases related to current year tax positions		868
Lapse of statutes		(3,242)
Balance at December 31, 2014	$	5,207