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ESTIMATED FAIR VALUES (Tables)
12 Months Ended
Dec. 31, 2011
Estimated Fair Values [Abstract]  
Estimated Fair Values For Certain Financial Assets And Financial Liabilities
For all other financial assets and financial liabilities, the carrying value is a reasonable estimate of the fair value as of December 31, 2011 and 2010.
 
 
December 31, 2011
 
December 31, 2010
 
Carrying
Value
 
Fair
Value
 
Carrying
Value
 
Fair
Value
Cash and due from banks
$
590,801

 
$
590,801

 
$
460,178

 
$
460,178

Overnight investments
434,975

 
434,975

 
398,390

 
398,390

Investment securities available for sale
4,056,423

 
4,056,423

 
4,510,076

 
4,510,076

Investment securities held to maturity
1,822

 
1,980

 
2,532

 
2,741

Loans held for sale
92,539

 
93,235

 
88,933

 
88,933

Loans covered by loss share agreements, net of allowance for loan and lease losses
2,272,891

 
2,236,343

 
1,956,205

 
1,946,423

Loans and leases not covered by loss share agreements, net of allowance for loan and lease losses
11,400,754

 
11,312,900

 
11,304,059

 
10,995,653

Receivable from FDIC for loss share agreements
539,511

 
537,297

 
623,261

 
624,785

Income earned not collected
42,216

 
42,216

 
83,644

 
83,644

Stock issued by:
 
 
 
 
 
 
 
Federal Home Loan Bank of Atlanta
41,042

 
41,042

 
47,123

 
47,123

Federal Home Loan Bank of San Francisco
12,976

 
12,976

 
15,490

 
15,490

Federal Home Loan Bank of Seattle
4,490

 
4,490

 
4,490

 
4,490

Deposits
17,577,274

 
17,638,359

 
17,635,266

 
17,695,357

Short-term borrowings
615,222

 
615,222

 
546,597

 
546,597

Long-term obligations
687,599

 
719,999

 
809,949

 
826,501

Accrued interest payable
23,719

 
23,719

 
37,004

 
37,004

Interest rate swap
10,714

 
10,714

 
9,492

 
9,492

Assets And Liabilities Carried At Fair Value On A Recurring Basis
 
 
 
Fair value measurements using:
Description
Fair value
 
Quoted prices in
active markets for
identical assets
and liabilities
(Level 1 inputs)
 
Quoted prices for
similar assets and
liabilities
(Level 2 inputs)
 
Significant
nonobservable inputs
(Level 3 inputs)
December 31, 2011
 
 
 
 
 
 
 
Assets measured at fair value
 
 
 
 
 
 
 
Investment securities available for sale
 
 
 
 
 
 
 
U.S. Treasury
$
887,819

 
$
887,819

 
$

 
$

Government agency
2,592,209

 
2,592,209

 

 

Corporate bonds
252,820

 
252,820

 

 

Residential mortgage-backed securities
307,221

 

 
307,221

 

Equity securities
15,313

 
15,313

 

 

State, county, municipal
1,041

 

 
1,041

 

Total
$
4,056,423

 
$
3,748,161

 
$
308,262

 
$

Liabilities measured at fair value
 
 
 
 
 
 
 
Interest rate swaps accounted for as cash flow hedges
$
10,714

 
$

 
$
10,714

 
$

December 31, 2010
 
 
 
 
 
 
 
Assets measured at fair value
 
 
 
 
 
 
 
Investment securities available for sale
 
 
 
 
 
 
 
U.S. Treasury
$
1,939,400

 
$
1,939,400

 
$

 
$

Government agency
1,919,986

 
1,919,986

 

 

Corporate bonds
486,658

 
486,658

 

 

Residential mortgage-backed securities
143,545

 

 
143,545

 

Equity securities
19,231

 
19,231

 

 

State, county, municipal
1,256

 

 
1,256

 

Total
$
4,510,076

 
$
4,365,275

 
$
144,801

 
$

Liabilities measured at fair value
 
 
 
 
 
 
 
Interest rate swaps accounted for as cash flow hedges
$
9,492

 
$

 
$
9,492

 
$

Assets Measured On A Recurring Basis Using Significant Nonobservable Inputs
For those investment securities available for sale with fair values that are determined by reliance on significant nonobservable inputs, the following table identifies the factors causing the change in fair values for the years ended December 31, 2011 and 2010:
 
 
Investment securities available
for sale with fair values based
on significant nonobservable
inputs
Description
2011
 
2010
Balance, January 1
$

 
$
1,287

Total gains (losses), realized or unrealized:
 
 
 
Included in earnings

 

Included in other comprehensive income

 

Purchases, sales, issuances and settlements, net

 

Transfers in/out of Level 3

 
(1,287
)
Balance, December 31
$

 
$

Assets And Liabilities Carried At Fair Value On A Nonrecurring Basis
For assets and liabilities carried at fair value on a nonrecurring basis, the following table provides fair value information as of December 31, 2011 and 2010:
 
 
 
 
Fair value measurements using:
Description
Fair value
 
Quoted prices in
active markets for
identical assets and
liabilities
(Level 1 inputs)
 
Quoted prices for
similar  assets
and liabilities
(Level 2 inputs)
 
Significant
nonobservable  inputs
(Level 3 inputs)
December 31, 2011
 
 
 
 
 
 
 
Loans held for sale
$
63,470

 
$

 
$
63,470

 
$

Impaired loans:
 
 
 
 
 
 
 
Not covered by loss share agreements
128,365

 


 

 
128,365

December 31, 2010
 
 
 
 
 
 
 
Loans held for sale
88,933

 

 
88,933

 

Impaired loans:
 
 
 
 
 
 
 
Not covered by loss share agreements
89,500

 

 

 
89,500

Schedule of Fair Value Measurements Of Other Real Estate Opportunites
The following table provides information regarding OREO for 2011 and 2010.
 
 
Year Ended December 31,
 
2011
 
2010
Current year foreclosures:
 
 
 
Covered under loss share agreements
$
128,178

 
$
116,590

Not covered under loss share agreements
38,612

 
40,328

Loan charge-offs recorded due to the measurement and initial recognition of OREO:
 
 
 
Covered under loss share agreements
14,846

 
62,327

Not covered under loss share agreements
51,136

 
14,220

Write-downs recorded subsequent to foreclosure for OREO:
 
 
 
Covered under loss share agreements
19,994

 
9,185

Not covered under loss share agreements
7,486

 
7,099

Fair value of OREO remeasured in current year:
 
 
 
Covered under loss share agreements
30,008

 
34,849

Not covered under loss share agreements
14,905

 
15,069