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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
INTEREST INCOME:        
Loans $ 1,822,275,000us-gaap_InterestAndFeeIncomeLoansAndLeases $ 485,598,000us-gaap_InterestAndFeeIncomeLoansAndLeases $ 4,948,106,000us-gaap_InterestAndFeeIncomeLoansAndLeases $ 1,480,851,000us-gaap_InterestAndFeeIncomeLoansAndLeases
Interest-earning deposits 2,250,000us-gaap_InterestIncomeDepositsWithFinancialInstitutions 2,417,000us-gaap_InterestIncomeDepositsWithFinancialInstitutions 5,811,000us-gaap_InterestIncomeDepositsWithFinancialInstitutions 4,268,000us-gaap_InterestIncomeDepositsWithFinancialInstitutions
Investment securities:        
Available-for-sale 61,290,000us-gaap_InterestAndDividendIncomeSecuritiesAvailableForSale 67,205,000us-gaap_InterestAndDividendIncomeSecuritiesAvailableForSale 183,158,000us-gaap_InterestAndDividendIncomeSecuritiesAvailableForSale 240,383,000us-gaap_InterestAndDividendIncomeSecuritiesAvailableForSale
Other investments 9,205,000us-gaap_InterestAndDividendIncomeSecuritiesOther 7,293,000us-gaap_InterestAndDividendIncomeSecuritiesOther 26,950,000us-gaap_InterestAndDividendIncomeSecuritiesOther 20,003,000us-gaap_InterestAndDividendIncomeSecuritiesOther
TOTAL INTEREST INCOME 1,895,020,000us-gaap_InterestAndDividendIncomeOperating 562,513,000us-gaap_InterestAndDividendIncomeOperating 5,164,025,000us-gaap_InterestAndDividendIncomeOperating 1,745,505,000us-gaap_InterestAndDividendIncomeOperating
INTEREST EXPENSE:        
Deposits and customer accounts 53,952,000us-gaap_InterestExpenseDeposits 51,560,000us-gaap_InterestExpenseDeposits 151,708,000us-gaap_InterestExpenseDeposits 161,898,000us-gaap_InterestExpenseDeposits
Borrowings and other debt obligations 215,592,000us-gaap_InterestExpenseBorrowings 142,272,000us-gaap_InterestExpenseBorrowings 624,702,000us-gaap_InterestExpenseBorrowings 433,631,000us-gaap_InterestExpenseBorrowings
TOTAL INTEREST EXPENSE 269,544,000us-gaap_InterestExpense 193,832,000us-gaap_InterestExpense 776,410,000us-gaap_InterestExpense 595,529,000us-gaap_InterestExpense
NET INTEREST INCOME 1,625,476,000us-gaap_InterestIncomeExpenseNet 368,681,000us-gaap_InterestIncomeExpenseNet 4,387,615,000us-gaap_InterestIncomeExpenseNet 1,149,976,000us-gaap_InterestIncomeExpenseNet
Provision for credit losses 1,013,357,000us-gaap_ProvisionForLoanLeaseAndOtherLosses 0us-gaap_ProvisionForLoanLeaseAndOtherLosses 2,034,721,000us-gaap_ProvisionForLoanLeaseAndOtherLosses 26,850,000us-gaap_ProvisionForLoanLeaseAndOtherLosses
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 612,119,000us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss 368,681,000us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss 2,352,894,000us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss 1,123,126,000us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss
NON-INTEREST INCOME:        
Consumer fees 93,451,000us-gaap_FeesAndCommissionsDepositorAccounts 60,014,000us-gaap_FeesAndCommissionsDepositorAccounts 273,128,000us-gaap_FeesAndCommissionsDepositorAccounts 172,546,000us-gaap_FeesAndCommissionsDepositorAccounts
Commercial fees 44,515,000sov_CommercialBankingFees 45,275,000sov_CommercialBankingFees 130,044,000sov_CommercialBankingFees 145,318,000sov_CommercialBankingFees
Mortgage banking income, net 97,576,000us-gaap_FeesAndCommissionsMortgageBanking 24,576,000us-gaap_FeesAndCommissionsMortgageBanking 127,285,000us-gaap_FeesAndCommissionsMortgageBanking 107,402,000us-gaap_FeesAndCommissionsMortgageBanking
Equity method investments (4,619,000)us-gaap_IncomeLossFromEquityMethodInvestments 70,330,000us-gaap_IncomeLossFromEquityMethodInvestments 7,607,000us-gaap_IncomeLossFromEquityMethodInvestments 365,067,000us-gaap_IncomeLossFromEquityMethodInvestments
Bank owned life insurance 13,373,000us-gaap_BankOwnedLifeInsuranceIncome 13,701,000us-gaap_BankOwnedLifeInsuranceIncome 44,536,000us-gaap_BankOwnedLifeInsuranceIncome 42,683,000us-gaap_BankOwnedLifeInsuranceIncome
Miscellaneous income 399,399,000us-gaap_NoninterestIncomeOtherOperatingIncome 6,325,000us-gaap_NoninterestIncomeOtherOperatingIncome 1,120,753,000us-gaap_NoninterestIncomeOtherOperatingIncome 28,853,000us-gaap_NoninterestIncomeOtherOperatingIncome
TOTAL FEES AND OTHER INCOME 643,695,000sov_FeesAndOtherIncome 220,221,000sov_FeesAndOtherIncome 1,703,353,000sov_FeesAndOtherIncome 861,869,000sov_FeesAndOtherIncome
OTTI recognized in earnings 0us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet 0us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet 0us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet (63,630,000)us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
Gain on Change in Control 0sov_GainonChangeinControl 0sov_GainonChangeinControl 2,428,539,000sov_GainonChangeinControl [1] 0sov_GainonChangeinControl
Net gain/(loss) on sale of investment securities 131,000sov_RealizedGainsLossesNetSaleofInvestmentSecurities (23,422,000)sov_RealizedGainsLossesNetSaleofInvestmentSecurities 11,480,000sov_RealizedGainsLossesNetSaleofInvestmentSecurities 72,773,000sov_RealizedGainsLossesNetSaleofInvestmentSecurities
Net gain/(loss) recognized in earnings 131,000sov_NetGainLossOnInvestmentSecuritiesRecognizedInEarnings (23,422,000)sov_NetGainLossOnInvestmentSecuritiesRecognizedInEarnings 2,440,019,000sov_NetGainLossOnInvestmentSecuritiesRecognizedInEarnings 9,143,000sov_NetGainLossOnInvestmentSecuritiesRecognizedInEarnings
TOTAL NON-INTEREST INCOME 643,826,000us-gaap_NoninterestIncome 196,799,000us-gaap_NoninterestIncome 4,143,372,000us-gaap_NoninterestIncome 871,012,000us-gaap_NoninterestIncome
GENERAL AND ADMINISTRATIVE EXPENSES:        
Compensation and benefits 290,665,000us-gaap_LaborAndRelatedExpense 186,623,000us-gaap_LaborAndRelatedExpense 894,051,000us-gaap_LaborAndRelatedExpense 527,244,000us-gaap_LaborAndRelatedExpense
Occupancy and equipment expenses 117,697,000us-gaap_OccupancyNet 97,774,000us-gaap_OccupancyNet 350,788,000us-gaap_OccupancyNet 280,322,000us-gaap_OccupancyNet
Technology expense 40,806,000us-gaap_InformationTechnologyAndDataProcessing 35,715,000us-gaap_InformationTechnologyAndDataProcessing 124,874,000us-gaap_InformationTechnologyAndDataProcessing 95,835,000us-gaap_InformationTechnologyAndDataProcessing
Outside services 57,870,000us-gaap_ProfessionalFees 23,887,000us-gaap_ProfessionalFees 136,979,000us-gaap_ProfessionalFees 61,971,000us-gaap_ProfessionalFees
Marketing expense 11,858,000us-gaap_MarketingExpense 14,967,000us-gaap_MarketingExpense 37,077,000us-gaap_MarketingExpense 30,178,000us-gaap_MarketingExpense
Loan expense 80,392,000us-gaap_LoanPortfolioExpense 16,794,000us-gaap_LoanPortfolioExpense 237,691,000us-gaap_LoanPortfolioExpense 54,474,000us-gaap_LoanPortfolioExpense
Other administrative expenses 320,455,000us-gaap_OtherGeneralAndAdministrativeExpense 74,901,000us-gaap_OtherGeneralAndAdministrativeExpense 748,802,000us-gaap_OtherGeneralAndAdministrativeExpense 159,555,000us-gaap_OtherGeneralAndAdministrativeExpense
TOTAL GENERAL AND ADMINISTRATIVE EXPENSES 919,743,000us-gaap_GeneralAndAdministrativeExpense 450,661,000us-gaap_GeneralAndAdministrativeExpense 2,530,262,000us-gaap_GeneralAndAdministrativeExpense 1,209,579,000us-gaap_GeneralAndAdministrativeExpense
OTHER EXPENSES:        
Amortization of intangibles 17,730,000us-gaap_AmortizationOfIntangibleAssets 6,557,000us-gaap_AmortizationOfIntangibleAssets 50,670,000us-gaap_AmortizationOfIntangibleAssets 21,373,000us-gaap_AmortizationOfIntangibleAssets
Deposit insurance premiums and other expenses 14,967,000us-gaap_FederalDepositInsuranceCorporationPremiumExpense 12,574,000us-gaap_FederalDepositInsuranceCorporationPremiumExpense 43,937,000us-gaap_FederalDepositInsuranceCorporationPremiumExpense 55,824,000us-gaap_FederalDepositInsuranceCorporationPremiumExpense
Loss on debt extinguishment 8,311,000us-gaap_GainsLossesOnExtinguishmentOfDebt 288,000us-gaap_GainsLossesOnExtinguishmentOfDebt 11,946,000us-gaap_GainsLossesOnExtinguishmentOfDebt 558,000us-gaap_GainsLossesOnExtinguishmentOfDebt
Impairment of long-lived assets 0us-gaap_ImpairmentOfLongLivedAssetsHeldForUse 0us-gaap_ImpairmentOfLongLivedAssetsHeldForUse 97,546,000us-gaap_ImpairmentOfLongLivedAssetsHeldForUse 0us-gaap_ImpairmentOfLongLivedAssetsHeldForUse
TOTAL OTHER EXPENSES 41,008,000us-gaap_OtherExpenses 19,419,000us-gaap_OtherExpenses 204,099,000us-gaap_OtherExpenses 77,755,000us-gaap_OtherExpenses
INCOME BEFORE INCOME TAXES 295,194,000us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 95,400,000us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 3,761,905,000us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 706,804,000us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax provision 36,102,000us-gaap_IncomeTaxExpenseBenefit 18,692,000us-gaap_IncomeTaxExpenseBenefit 1,285,855,000us-gaap_IncomeTaxExpenseBenefit 156,670,000us-gaap_IncomeTaxExpenseBenefit
NET INCOME INCLUDING NONCONTROLLING INTEREST 259,092,000us-gaap_ProfitLoss 76,708,000us-gaap_ProfitLoss 2,476,050,000us-gaap_ProfitLoss 550,134,000us-gaap_ProfitLoss
LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST 54,420,000us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 0us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 298,633,000us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 0us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
NET INCOME ATTRIBUTABLE TO SHUSA $ 204,672,000us-gaap_NetIncomeLoss $ 76,708,000us-gaap_NetIncomeLoss $ 2,177,417,000us-gaap_NetIncomeLoss $ 550,134,000us-gaap_NetIncomeLoss
[1] Management of SHUSA manages SCUSA by analyzing the pre-Change in Control results of SCUSA as disclosed in this column.