Parent Company Information (Tables)

12 Months Ended

Dec. 31, 2013

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Schedule of Parent Company Information Balance Sheet

Condensed Balance Sheets
	December 31,
(In thousands)	2013		2012
Assets:
Cash and due from banks	$	12,452	$	10,091
Interest-bearing deposits	261,121		220,110
Securities available for sale, at fair value	3,584		16,734
Investment in subsidiaries	2,142,222		2,057,350
Due from (to) subsidiaries	37		(22		)
Alternative investments	11,016		11,623
Other assets	11,859		11,971
Total assets	$	2,442,291	$	2,327,857
Liabilities and shareholders’ equity:
Senior notes	$	151,045	$	154,170
Junior subordinated debt	77,320		77,320
Accrued interest payable	1,732		1,728
Other liabilities	3,006		1,109
Total liabilities	233,103		234,327
Shareholders’ equity	2,209,188		2,093,530
Total liabilities and shareholders’ equity	$	2,442,291	$	2,327,857

Schedule of Parent Company Information Income Statement

Condensed Statements of Income
	Years ended December 31,
(In thousands)	2013			2012			2011
Operating Income:
Dividend income from bank subsidiary	$	90,000		$	140,000		$	170,000
Interest on securities and interest-bearing deposits	1,025			634			562
Interest on loan	—			—			810
Provision for loan losses	—			—			136
Net loss on trading securities	—			—			(1,799		)
Net gain on sale of investment securities	1,273			409			374
Alternative investments (loss) income	(392		)	(720		)	1,605
Other non-interest income	152			157			149
Total operating income	92,058			140,480			171,837
Operating Expense:
Interest expense on borrowings	7,273			13,186			18,651
Loss on swap termination	—			—			16,223
Compensation and benefits	10,787			10,245			9,121
Other non-interest expense	5,966			5,746			5,766
Total operating expense	24,026			29,177			49,761
Income before income tax benefit and equity in undistributed earnings of subsidiaries and associated companies	68,032			111,303			122,076
Income tax benefit	9,742			10,107			18,481
Equity in undistributed earnings of subsidiaries and associated companies	101,775			52,287			8,827
Income from continuing operations	179,549			173,697			149,384
Income from discontinued operations, net of tax	—			—			1,995
Net income	$	179,549		$	173,697		$	151,379

Condensed Statements of Comprehensive Income
	Years ended December 31,
(In thousands)	2013			2012			2011
Net income	$	179,549		$	173,697		$	151,379
Other comprehensive income, net of taxes:
Net unrealized (gains) losses on available for sale securities	(616		)	(525		)	607
Net unrealized losses (gains) on derivative instruments	1,152			(632		)	10,324
Other comprehensive (loss) income of subsidiaries and associated companies	(16,819		)	29,095			(57,426		)
Other comprehensive (loss) income	(16,283		)	27,938			(46,495		)
Comprehensive income	$	163,266		$	201,635		$	104,884

Schedule of Parent Company Information Cash Flow

Condensed Statements of Cash Flows
	Years ended December 31,
(In thousands)	2013			2012			2011
Operating activities:
Net income	$	179,549		$	173,697		$	151,379
Income from discontinued operations, net of tax	—			—			1,995
Income from continuing operations	179,549			173,697			149,384
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:
Equity in undistributed earnings of subsidiaries and associated companies	(101,775		)	(52,287		)	(8,827		)
Stock-based compensation	10,664			8,955			6,040
Excess tax benefits from stock-based compensation	(389		)	(812		)	(392		)
Other, net	(1,545		)	(6,610		)	21,285
Net cash provided by operating activities	86,504			122,943			167,490
Investing activities:
Increase in interest-bearing deposits	(41,011		)	(24,081		)	(120,133		)
Purchases of available for sale securities	(75		)	(8,272		)	(3,714		)
Proceeds from maturities and principal payments of available for sale securities	—			775			575
Proceeds from sale of available for sale securities	13,544			1,073			2,353
Net decrease in loan	—			—			13,000
Net cash used for investing activities	(27,542		)	(30,505		)	(107,919		)
Financing activities:
Repayment of long-term debt	—			(136,070		)	(22,689		)
Preferred stock issued	—			122,710			—
Cash dividends paid to common shareholders	(48,952		)	(30,667		)	(13,978		)
Cash dividends paid to preferred shareholders	(10,803		)	(2,460		)	(2,460		)
Exercise of stock options	2,736			996			213
Excess tax benefits from stock-based compensation	389			812			392
Common stock issued	731			560			689
Common stock repurchased	(672		)	(53,243		)	(1,670		)
Common stock warrants repurchased	(30		)	(388		)	(16,285		)
Net cash used for financing activities	(56,601		)	(97,750		)	(55,788		)
Discontinued Operations:
Operating activities	—			—			1,995
Net cash provided by discontinued operations	—			—			1,995
Increase (decrease) in cash and due from banks	2,361			(5,312		)	5,778
Cash and due from banks at beginning of year	10,091			15,403			9,625
Cash and due from banks at end of year	$	12,452		$	10,091		$	15,403