INCOME TAXES INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

Income tax expense consisted of the following components:



(Dollars in thousands)	2013			2012			2011
Current expense
Federal	$	41,679		$	45,571		$	46,270
State	2,883			4,956			6,493
Total current expense	44,562			50,527			52,763
Deferred (benefit) expense
Federal	(21,393		)	(12,499		)	(12,836		)
State	(3,935		)	(1,586		)	(1,627		)
Total deferred (benefit) expense	(25,328		)	(14,085		)	(14,463		)
Income tax expense	$	19,234		$	36,442		$	38,300

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The difference between the federal income tax rates, applied to income before income taxes, and the effective rates were due to the following:



(Dollars in thousands)	2013			2012			2011
Income taxes computed at federal statutory rate (35%) on income before income taxes	$	23,646		$	36,311		$	36,763
Tax-exempt income	(1,266		)	(626		)	(586		)
Bank-owned life insurance	(409		)	(680		)	(612		)
Tax credits	(1,100		)	(1,200		)	(1,200		)
State income taxes, net of federal tax benefit	(588		)	2,191			3,163
Tax settlement of unconsolidated subsidiary	(1,318		)	0			0
Other	269			446			772
Income tax expense	$	19,234		$	36,442		$	38,300

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The major components of the temporary differences that give rise to deferred tax assets and liabilities at December 31, 2013, and 2012, were as follows:



(Dollars in thousands)	2013			2012
Deferred tax assets
Allowance for loan and lease losses	$	23,074		$	35,107
Deferred compensation	564			496
Mark to market adjustment on loans and derivatives	77			128
Postretirement benefits other than pension liability	86			113
Accrued stock-based compensation	1,222			1,681
Other reserves	143			438
Other real estate owned write-downs	2,507			3,640
Accrued expenses	3,617			4,611
Net unrealized losses on investment securities and derivatives	8,871			0
Other	1,390			1,094
Total deferred tax assets	41,551			47,308

Deferred tax liabilities
Tax depreciation greater than book depreciation	(7,450		)	(7,997		)
FHLB and FRB stock	(6,230		)	(17,060		)
Mortgage-servicing rights	(12		)	(109		)
Leasing activities	(3,833		)	(1,919		)
Deferred section 597 gain	(20,550		)	(41,614		)
Prepaid pension	(15,727		)	(5,839		)
Intangible assets	(11,612		)	(10,214		)
Deferred loan fees and costs	(2,136		)	(1,737		)
Prepaid expenses	(535		)	(721		)
Net unrealized gains on investment securities and derivatives	0			(7,682		)
Fair value adjustments on acquisitions	(6,714		)	(17,181		)
Other	(1,180		)	(1,803		)
Total deferred tax liabilities	(75,979		)	(113,876		)
Total net deferred tax liability	$	(34,428	)	$	(66,568	)