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Consolidated Statements of Comprehensive Income (Loss) (Unaudited) (USD $)
In Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Statement Of Comprehensive (Loss) Income [Abstract]        
Net income (loss) $ 4,477 $ (233,311) $ 7,800 $ (236,814)
Other comprehensive (loss) income, before tax:        
Unrealized gains on securities arising during the period 7,656 41,660 6,964 65,701
Non-credit portion of OTTI losses (325) 0 (325) (26,936)
Reclassification of net realized (gains) losses included in net income (loss) (7,462) 129,749 (11,245) 122,172
Other comprehensive (loss) income on investment securities, before tax (131) 171,409 (4,606) 160,937
Income tax benefit (expense) related to investment securities 28 (25,712) 711 (24,141)
Other comprehensive (loss) income on investment securities, net of tax (103) 145,697 (3,895) 136,796
Other comprehensive income on cash flow hedges 554 1,594 1,287 3,152
Other comprehensive income (loss) 451 147,291 (2,608) 139,948
Comprehensive income (loss) 4,928 (86,020) 5,192 (96,866)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]        
Other comprehensive income on investment securities 3,794 36,502 3,794 36,502
Other comprehensive losses on investment securities on which OTTI has been recognized (276) (3,563) (276) (3,563)
Total other comprehensive income on investment securities 3,518 32,939 3,518 32,939
Other comprehensive loss on cash flow hedge (1,963) [1] (4,472) [1] (1,963) [1] (4,472) [1]
Total accumulated other comprehensive income, net of tax $ 1,555 $ 28,467 $ 1,555 $ 28,467
[1] For the quarter and six month periods ended June 30, 2011 and 2010, other comprehensive loss on cash flow hedges includes $0.8 million and $1.7 million related to a deferred tax asset valuation allowance.