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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
INTEREST INCOME:        
Loans $ 1,791,311,000 $ 495,490,000 $ 3,125,831,000 $ 995,253,000
Interest-earning deposits 1,566,000 1,045,000 3,561,000 2,069,000
Investment securities:        
Available-for-sale 60,284,000 79,542,000 121,868,000 173,178,000
Other investments 9,638,000 6,272,000 17,745,000 12,492,000
TOTAL INTEREST INCOME 1,862,799,000 582,349,000 3,269,005,000 1,182,992,000
INTEREST EXPENSE:        
Deposits and customer accounts 48,809,000 53,396,000 97,756,000 110,338,000
Borrowings and other debt obligations 223,956,000 143,676,000 409,110,000 291,359,000
TOTAL INTEREST EXPENSE 272,765,000 197,072,000 506,866,000 401,697,000
NET INTEREST INCOME 1,590,034,000 385,277,000 2,762,139,000 781,295,000
Provision for credit losses 686,034,000 10,000,000 1,021,364,000 26,850,000
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 904,000,000 375,277,000 1,740,775,000 754,445,000
NON-INTEREST INCOME:        
Consumer fees 96,713,000 57,755,000 179,677,000 112,532,000
Commercial fees 42,559,000 47,548,000 85,529,000 100,043,000
Mortgage banking income, net 16,762,000 50,518,000 29,709,000 82,826,000
Equity method investments (7,416,000) 112,643,000 12,226,000 294,737,000
Bank owned life insurance 16,981,000 15,033,000 31,163,000 28,982,000
Miscellaneous income 463,286,000 11,852,000 721,354,000 22,528,000
TOTAL FEES AND OTHER INCOME 628,885,000 295,349,000 1,059,658,000 641,648,000
OTTI recognized in earnings 0 (63,630,000) 0 (63,630,000)
Gain on Change in Control 0 0 2,428,539,000 [1] 0
Net gain on sale of investment securities 9,405,000 22,673,000 11,349,000 96,195,000
Net gain/(loss) recognized in earnings 9,405,000 (40,957,000) 2,439,888,000 32,565,000
TOTAL NON-INTEREST INCOME 638,290,000 254,392,000 3,499,546,000 674,213,000
GENERAL AND ADMINISTRATIVE EXPENSES:        
Compensation and benefits 284,427,000 165,887,000 603,386,000 340,621,000
Occupancy and equipment expenses 112,221,000 90,304,000 233,091,000 182,548,000
Technology expense 43,798,000 31,425,000 84,068,000 60,120,000
Outside services 43,150,000 20,182,000 79,109,000 38,084,000
Marketing expense 11,119,000 8,203,000 25,219,000 15,211,000
Loan expense 88,291,000 17,825,000 157,299,000 37,679,000
Other administrative expenses 287,232,000 44,853,000 428,347,000 84,655,000
TOTAL GENERAL AND ADMINISTRATIVE EXPENSES 870,238,000 378,679,000 1,610,519,000 758,918,000
OTHER EXPENSES:        
Amortization of intangibles 20,892,000 7,118,000 32,940,000 14,816,000
Deposit insurance premiums and other expenses 14,553,000 20,613,000 28,970,000 43,250,000
Loss on debt extinguishment 0 24,000 3,635,000 270,000
Impairment of long-lived assets 97,546,000 0 97,546,000 0
TOTAL OTHER EXPENSES 132,991,000 27,755,000 163,091,000 58,336,000
INCOME BEFORE INCOME TAXES 539,061,000 223,235,000 3,466,711,000 611,404,000
Income tax provision 199,746,000 35,308,000 1,249,753,000 137,978,000
NET INCOME INCLUDING NONCONTROLLING INTEREST 339,315,000 187,927,000 2,216,958,000 473,426,000
LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST 136,473,000 0 244,213,000 0
NET INCOME ATTRIBUTABLE TO SHUSA $ 202,842,000 $ 187,927,000 $ 1,972,745,000 $ 473,426,000
[1] Management of SHUSA manages SCUSA by analyzing the pre-Change in Control results of SCUSA as disclosed in this column.