Document_And_Entity_Informatio
Document And Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Feb. 18, 2014 | Jun. 30, 2013 | |
Document And Entity Information [Abstract] | ' | ' | ' |
Document Type | '10-K | ' | ' |
Amendment Flag | 'false | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Trading Symbol | 'zion | ' | ' |
Entity Registrant Name | 'ZIONS BANCORPORATION /UT/ | ' | ' |
Entity Central Index Key | '0000109380 | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Well-known Seasoned Issuer | 'Yes | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Filer Category | 'Large Accelerated Filer | ' | ' |
Entity Public Float | ' | ' | $5,196,248,111 |
Entity Common Stock, Shares Outstanding | ' | 184,870,116 | ' |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
ASSETS | ' | ' |
Cash and due from banks | $1,175,083 | $1,841,907 |
Money market investments: | ' | ' |
Interest-bearing deposits | 8,175,048 | 5,978,978 |
Federal funds sold and security resell agreements | 282,248 | 2,775,354 |
Investment securities: | ' | ' |
Held-to-maturity, at adjusted cost (approximate fair value $609,547 and $674,741) | 588,981 | 756,909 |
Available-for-sale, at fair value | 3,701,886 | 3,091,310 |
Trading account, at fair value | 34,559 | 28,290 |
Marketable securities, total | 4,325,426 | 3,876,509 |
Loans held for sale | 171,328 | 251,651 |
Loans, net of unearned income and fees: | ' | ' |
Loans and leases | 38,693,094 | 37,137,006 |
FDIC-supported loans | 350,271 | 528,241 |
Total loans, net of unearned | 39,043,365 | 37,665,247 |
Less allowance for loan losses | 746,291 | 896,087 |
Loans, net of allowance | 38,297,074 | 36,769,160 |
Other noninterest-bearing investments | 855,642 | 855,462 |
Premises and equipment, net | 726,372 | 708,882 |
Goodwill | 1,014,129 | 1,014,129 |
Core deposit and other intangibles | 36,444 | 50,818 |
Other real estate owned | 46,105 | 98,151 |
Other assets | 926,228 | 1,290,917 |
Total assets | 56,031,127 | 55,511,918 |
LIABILITIES AND SHAREHOLDERS' EQUITY | ' | ' |
Noninterest-bearing demand | 18,758,753 | 18,469,458 |
Interest-bearing: | ' | ' |
Savings and Money Market | 23,029,928 | 22,896,624 |
Time | 2,593,038 | 2,962,931 |
Foreign | 1,980,161 | 1,804,060 |
Total deposits | 46,361,880 | 46,133,073 |
Securities sold, not yet purchased | 73,606 | 26,735 |
Federal funds purchased and security repurchase agreements | 266,742 | 320,478 |
Other short-term borrowings | 0 | 5,409 |
Long-term debt | 2,273,575 | 2,337,113 |
Reserve for unfunded lending commitments | 89,705 | 106,809 |
Other liabilities | 501,056 | 533,660 |
Total liabilities | 49,566,564 | 49,463,277 |
Shareholders' equity: | ' | ' |
Preferred stock, without par value, authorized 4,400,000 shares | 1,003,970 | 1,128,302 |
Common stock, without par value; authorized 350,000,000 shares; issued and outstanding 184,677,696 and 184,199,198 shares | 4,179,024 | 4,166,109 |
Retained earnings | 1,473,670 | 1,203,815 |
Accumulated Other Comprehensive Income (Loss), Net of Tax | -192,101 | -446,157 |
Controlling interest shareholders' equity | 6,464,563 | 6,052,069 |
Noncontrolling interests | 0 | -3,428 |
Total shareholders' equity | 6,464,563 | 6,048,641 |
Total liabilities and shareholders' equity | $56,031,127 | $55,511,918 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
Statement of Financial Position [Abstract] | ' | ' |
Held-to-maturity, fair value | $609,547 | $674,741 |
Preferred stock, authorized shares | 4,400,000 | 4,400,000 |
Common stock, authorized shares | 350,000,000 | 350,000,000 |
Common stock, issued shares | 184,677,696 | 184,199,198 |
Common stock, outstanding shares | 184,677,696 | 184,199,198 |
Consolidated_Statements_Of_Inc
Consolidated Statements Of Income (USD $) | 12 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Interest income: | ' | ' | ' |
Interest and fees on loans | $1,814,600 | $1,889,884 | $2,049,928 |
Interest on money market investments | 23,363 | 21,080 | 13,832 |
Interest on securities: | ' | ' | ' |
Held-to-maturity | 31,280 | 34,751 | 35,716 |
Available-for-sale | 71,107 | 92,261 | 87,105 |
Trading account | 1,055 | 746 | 2,000 |
Total interest income | 1,941,405 | 2,038,722 | 2,188,581 |
Interest expense: | ' | ' | ' |
Interest on deposits | 58,913 | 80,146 | 128,479 |
Interest on short-term borrowings | 313 | 1,406 | 6,685 |
Interest on long-term debt | 185,851 | 225,230 | 297,232 |
Total interest expense | 245,077 | 306,782 | 432,396 |
Net interest income | 1,696,328 | 1,731,940 | 1,756,185 |
Provision for loan losses | -87,136 | 14,227 | 74,532 |
Net interest income after provision for loan losses | 1,783,464 | 1,717,713 | 1,681,653 |
Noninterest income: | ' | ' | ' |
Service charges and fees on deposit accounts | 176,339 | 176,401 | 174,435 |
Other service charges, commissions and fees | 181,473 | 174,420 | 185,836 |
Trust and wealth management income | 29,913 | 28,402 | 26,683 |
Capital markets and foreign exchange | 28,051 | 26,810 | 31,407 |
Dividends and other investment income | 46,062 | 55,825 | 42,428 |
Loan sales and servicing income | 35,293 | 39,929 | 28,072 |
Fair value and nonhedge derivative loss | -18,152 | -21,782 | -4,980 |
Equity securities gains, net | 8,520 | 11,253 | 6,511 |
Fixed income securities gains (losses), net | -2,898 | 19,544 | 11,868 |
Impairment losses on investment securities: | ' | ' | ' |
Impairment losses on investment securities | -188,606 | -166,257 | -77,325 |
Noncredit-related losses on securities not expected to be sold (recognized in other comprehensive income) | 23,472 | 62,196 | 43,642 |
Net impairment losses on investment securities | -165,134 | -104,061 | -33,683 |
Other | 17,940 | 13,129 | 29,607 |
Total noninterest income | 337,407 | 419,870 | 498,184 |
Noninterest expense: | ' | ' | ' |
Salaries and employee benefits | 912,918 | 885,661 | 874,293 |
Occupancy, net | 112,303 | 112,947 | 112,537 |
Furniture, equipment, and software | 106,629 | 108,990 | 105,703 |
Other real estate expense | 1,712 | 19,723 | 77,570 |
Credit-related expense | 33,653 | 50,518 | 61,629 |
Provision for unfunded lending commitments | -17,104 | 4,387 | -9,286 |
Legal and professional services | 67,968 | 52,509 | 38,992 |
Advertising | 23,362 | 25,720 | 27,164 |
FDIC premiums | 38,019 | 43,401 | 63,918 |
Amortization of core deposit and other intangibles | 14,375 | 17,010 | 20,070 |
Debt extinguishment cost | 120,192 | 0 | 0 |
Other | 300,412 | 275,151 | 285,974 |
Total noninterest expense | 1,714,439 | 1,596,017 | 1,658,564 |
Income before income taxes | 406,432 | 541,566 | 521,273 |
Income taxes | 142,977 | 193,416 | 198,583 |
Net income | 263,455 | 348,150 | 322,690 |
Net loss applicable to noncontrolling interests | -336 | -1,366 | -1,114 |
Net income applicable to controlling interest | 263,791 | 349,516 | 323,804 |
Preferred stock dividends | -95,512 | -170,885 | -170,414 |
Preferred stock redemption | 125,700 | 0 | 0 |
Net earnings applicable to common shareholders | $293,979 | $178,631 | $153,390 |
Weighted average common shares outstanding during the period: | ' | ' | ' |
Basic shares | 183,844 | 183,081 | 182,393 |
Diluted shares | 184,297 | 183,236 | 182,605 |
Net earnings per common share: | ' | ' | ' |
Basic, per share | $1.58 | $0.97 | $0.83 |
Diluted, per share | $1.58 | $0.97 | $0.83 |
Consolidated_Statements_Of_Com
Consolidated Statements Of Comprehensive Income (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Statement of Comprehensive Income [Abstract] | ' | ' | ' |
Net income | $263,455 | $348,150 | $322,690 |
Other comprehensive income (loss), net of tax: | ' | ' | ' |
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax | 141,399 | 129,330 | -77,280 |
Other than temporary impairment losses investments portion in other comprehensive income loss after tax | -13,751 | -38,406 | -26,481 |
Reclassification for net losses on investments included in earnings | 1,775 | -12,204 | -7,392 |
Other than temporary impairment losses investments portion recognized in earnings, net after tax | 99,903 | 63,564 | 20,244 |
Other than temporary impairment losses, investments, accretion of noncredit portion, held-to-maturity securities, after tax | 1,258 | 6,863 | 410 |
Net unrealized losses on derivative instruments | -431 | 247 | 1,355 |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | -1,580 | -7,857 | -22,653 |
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax | 25,483 | 4,390 | -18,991 |
Other comprehensive income (loss) | 254,056 | 145,927 | -130,788 |
Comprehensive income (loss) | 517,511 | 494,077 | 191,902 |
Comprehensive loss applicable to noncontrolling interests | -336 | -1,366 | -1,114 |
Comprehensive income applicable to controlling interest | $517,847 | $495,443 | $193,016 |
Consolidated_Statements_Of_Cha
Consolidated Statements Of Changes In Shareholders' Equity (USD $) | Total | Preferred Stock [Member] | Common Stock [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Noncontrolling Interests [Member] |
In Thousands, except Share data, unless otherwise specified | ||||||
Balance at Dec. 31, 2010 | $6,647,214 | $2,056,672 | $4,163,619 | $889,284 | ($461,296) | ($1,065) |
Balance (in shares) at Dec. 31, 2010 | ' | ' | 182,784,086 | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' |
Net income (loss) | 322,690 | ' | ' | 323,804 | ' | -1,114 |
Other comprehensive income (loss) | -130,788 | ' | ' | ' | -130,788 | ' |
Stock Issued During Period, Value, New Issues | 25,500 | ' | 25,048 | ' | ' | ' |
Subordinated debt converted to preferred stock | 256,109 | 299,248 | -43,139 | ' | ' | ' |
Stock Issued During Period, Shares, New Issues | 1,100,000 | ' | 1,067,540 | ' | ' | ' |
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures | ' | ' | 283,762 | ' | ' | ' |
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures | 17,714 | ' | 17,714 | ' | ' | ' |
Dividends on preferred stock | -148,774 | 21,640 | ' | -170,414 | ' | ' |
Dividends on common stock, $0.13 per share | -7,361 | ' | ' | -7,361 | ' | ' |
Increase (Decrease) in Deferred Compensation | 1,277 | ' | ' | 1,277 | ' | ' |
Other changes in noncontrolling interests | 99 | ' | ' | ' | ' | 99 |
Balance at Dec. 31, 2011 | 6,983,228 | 2,377,560 | 4,163,242 | 1,036,590 | -592,084 | -2,080 |
Balance (in shares) at Dec. 31, 2011 | ' | ' | 184,135,388 | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' |
Net income (loss) | 348,150 | ' | ' | 349,516 | ' | -1,366 |
Other comprehensive income (loss) | 145,927 | ' | ' | ' | 145,927 | ' |
Stock Issued During Period, Value, New Issues | 141,342 | 143,750 | -2,408 | ' | ' | ' |
Preferred stock redemption | 1,542,500 | 1,542,500 | -3,830 | 3,830 | ' | ' |
Subordinated debt converted to preferred stock | 89,564 | 104,796 | -15,232 | ' | ' | ' |
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures | ' | ' | 63,810 | ' | ' | ' |
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures | 16,677 | ' | 16,677 | ' | ' | ' |
Dividends on preferred stock | -126,189 | 44,696 | ' | -170,885 | ' | ' |
Dividends on common stock, $0.13 per share | -7,392 | ' | ' | -7,392 | ' | ' |
Increase (Decrease) in Deferred Compensation | -184 | ' | ' | -184 | ' | ' |
Other changes in noncontrolling interests | 18 | ' | ' | ' | ' | ' |
Balance at Dec. 31, 2012 | 6,048,641 | 1,128,302 | 4,166,109 | 1,203,815 | -446,157 | -3,428 |
Balance (in shares) at Dec. 31, 2012 | 184,199,198 | ' | 184,199,198 | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' |
Net income (loss) | 263,455 | ' | ' | 263,791 | ' | -336 |
Other comprehensive income (loss) | 254,056 | ' | ' | ' | 254,056 | ' |
Stock Issued During Period, Value, New Issues | 784,318 | 800,000 | -15,682 | ' | ' | ' |
Preferred stock redemption | -799,468 | -925,748 | 580 | 125,700 | ' | ' |
Subordinated debt converted to preferred stock | 1,210 | 1,416 | -206 | ' | ' | ' |
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures | ' | ' | 478,498 | ' | ' | ' |
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures | 32,389 | ' | 32,389 | ' | ' | ' |
Dividends on preferred stock | -95,512 | ' | ' | -95,512 | ' | ' |
Dividends on common stock, $0.13 per share | -24,094 | ' | ' | -24,094 | ' | ' |
Increase (Decrease) in Deferred Compensation | -30 | ' | ' | -30 | ' | ' |
Other changes in noncontrolling interests | -402 | ' | -4,166 | ' | ' | 3,764 |
Balance at Dec. 31, 2013 | $6,464,563 | $1,003,970 | $4,179,024 | $1,473,670 | ($192,101) | $0 |
Balance (in shares) at Dec. 31, 2013 | 184,677,696 | ' | 184,677,696 | ' | ' | ' |
Consolidated_Statements_Of_Cha1
Consolidated Statements Of Changes In Shareholders' Equity (Parenthetical) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Statement of Stockholders' Equity [Abstract] | ' | ' | ' |
Dividends on common stock, per share | $0 | $0.04 | $0.04 |
Consolidated_Statements_Of_Cas
Consolidated Statements Of Cash Flows (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
CASH FLOWS FROM OPERATING ACTIVITIES | ' | ' | ' |
Net income (loss) | $263,455 | $348,150 | $322,690 |
Debt extinguishment cost | 120,192 | 0 | 0 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' | ' |
Net impairment losses on investment securities, goodwill, and long-lived assets | 165,134 | 106,545 | 35,686 |
Provision for credit losses | -104,240 | 18,614 | 65,246 |
Depreciation and amortization | 130,616 | 185,185 | 240,485 |
Deferred income tax expense (benefit) | -60,117 | 9,788 | 115,604 |
Net write-down of and gains or losses from sales of other real estate owned | -3,681 | 17,166 | 58,676 |
Net increase (decrease) in trading securities | -6,286 | 11,983 | 8,394 |
Net decrease in loans held for sale | 116,624 | -31,445 | 50,696 |
Change in other liabilities | -2,051 | 27,439 | 19,370 |
Change in other assets | 255,564 | 71,772 | 153,592 |
Other, net | 1,356 | -29,002 | -1,691 |
Net cash provided by operating activities | 876,566 | 736,195 | 1,068,748 |
CASH FLOWS FROM INVESTING ACTIVITIES | ' | ' | ' |
Net increase in money market investments | 297,036 | -1,631,278 | -2,416,741 |
Proceeds from maturities and paydowns of investment securities held-to-maturity | 130,938 | 128,278 | 101,893 |
Purchases of investment securities held-to-maturity | -155,328 | -86,790 | -69,171 |
Proceeds from sales, maturities, and paydowns of investment securities available-for-sale | 1,104,010 | 1,212,047 | 2,206,881 |
Purchases of investment securities available-for-sale | -1,325,704 | -932,034 | -1,423,141 |
Proceeds from sales of loans and leases | 17,748 | 66,223 | 17,609 |
Net loan and lease collections (originations) | 1,506,233 | 792,025 | 1,185,688 |
Net decrease in other noninterest-bearing investments | 19,109 | 40,014 | 19,407 |
Net purchases of premises and equipment | -88,580 | -68,894 | -77,669 |
Proceeds from sales of other real estate owned | 110,058 | 204,818 | 362,495 |
Net cash received (paid for) divestitures | 3,786 | -19,901 | 0 |
Net cash used in investing activities | -1,393,160 | -1,879,542 | -2,464,125 |
CASH FLOWS FROM FINANCING ACTIVITIES | ' | ' | ' |
Net increase (decrease) in deposits | 228,807 | 3,286,823 | 1,940,697 |
Net change in short-term funds borrowed | -12,274 | -370,264 | -208,541 |
Proceeds from issuance of long-term debt | 646,408 | 757,610 | 106,065 |
Repayments of long-term debt | -832,122 | -372,891 | -8,663 |
Payments of Debt Extinguishment Costs | -45,812 | 0 | 0 |
Cash paid for preferred stock redemption | -799,468 | -1,542,500 | 0 |
Proceeds from Issuance or sale of equity | 794,143 | 143,240 | 25,686 |
Dividends paid on common and preferred stock | -119,660 | -133,581 | -156,135 |
Other, net | -10,252 | -7,533 | -3,508 |
Net cash provided by financing activities | -150,230 | 1,760,904 | 1,695,601 |
Net increase (decrease) in cash and due from banks | -666,824 | 617,557 | 300,224 |
Cash and due from banks at beginning of period | 1,841,907 | 1,224,350 | 924,126 |
Cash and due from banks at end of period | 1,175,083 | 1,841,907 | 1,224,350 |
Cash paid for interest | 191,897 | 214,673 | 263,338 |
Net cash paid (refunds received) for income taxes | $181,318 | $183,348 | $3,743 |
Summary_Of_Significant_Account
Summary Of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2013 | |
Accounting Policies [Abstract] | ' |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | ' |
Business | |
Zions Bancorporation (“the Parent”) is a financial holding company headquartered in Salt Lake City, Utah, which provides a full range of banking and related services through its subsidiary banks in ten Western and Southwestern states as follows: Zions First National Bank (“Zions Bank”), in Utah and Idaho; California Bank & Trust (“CB&T”); Amegy Corporation (“Amegy”) and its subsidiary, Amegy Bank, in Texas; National Bank of Arizona (“NBAZ”); Nevada State Bank (“NSB”); Vectra Bank Colorado (“Vectra”), in Colorado and New Mexico; The Commerce Bank of Washington (“TCBW”); and The Commerce Bank of Oregon (“TCBO”). The Parent and its subsidiary banks also own and operate certain nonbank subsidiaries that engage in financial services. | |
Basis of Financial Statement Presentation | |
The consolidated financial statements include the accounts of the Parent and its majority-owned subsidiaries (“the Company,” “we,” “our,” “us”). Unconsolidated investments in which there is a greater than 20% ownership are accounted for by the equity method of accounting; those in which there is less than 20% ownership are accounted for under cost, fair value, or equity methods of accounting. All significant intercompany accounts and transactions have been eliminated in consolidation. | |
The consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and prevailing practices within the financial services industry. References to GAAP as promulgated by the Financial Accounting Standards Board (“FASB”) are made according to sections of the Accounting Standards Codification (“ASC”) and to Accounting Standards Updates (“ASU”). | |
In preparing the consolidated financial statements, we are required to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. | |
Prior Year Reclassifications | |
Certain amounts in 2011 have been reclassified to conform with the current year presentation. Certain credit card interchange fees were reclassified from interest and fees on loans to other service charges, commissions and fees. Income from factored receivables was reclassified from other service charges, commissions and fees to interest and fees on loans. The net effect decreased interest and fees on loans by $16.3 million in 2011 and increased other service charges, commissions and fees by the same amount. There was no effect on the balance sheet. The changes were made primarily to conform with prevailing reporting practices in the banking industry. Affected balances for 2011 in this Form 10-K have been adjusted where appropriate. There was no change in 2011 net earnings. | |
Variable Interest Entities | |
A variable interest entity (“VIE”) is consolidated when a company is the primary beneficiary of the VIE. Current accounting guidance requires continuous analysis on a qualitative rather than a quantitative basis to determine the primary beneficiary of a VIE. At the commencement of our involvement and periodically thereafter, we consider our consolidation conclusions for all entities with which we are involved. As of December 31, 2013, no VIEs have been consolidated in the Company’s financial statements. | |
Statement of Cash Flows | |
For purposes of presentation in the consolidated statements of cash flows, “cash and cash equivalents” are defined as those amounts included in cash and due from banks in the consolidated balance sheets. | |
Security Resell Agreements | |
Security resell agreements represent overnight and term agreements with the majority maturing within 30 days. These agreements are generally treated as collateralized financing transactions and are carried at amounts at which the securities were acquired plus accrued interest. Either the Company, or in some instances third parties on its behalf, take possession of the underlying securities. The fair value of such securities is monitored throughout the contract term to ensure that asset values remain sufficient to protect against counterparty default. We are permitted by contract to sell or repledge certain securities that we accept as collateral for security resell agreements. If sold, our obligation to return the collateral is recorded as a liability and included in the balance sheet as securities sold, not yet purchased. At December 31, 2013, we did not hold any securities for which we were permitted by contract to sell or repledge. Security resell agreements averaged approximately $675 million during 2013, and the maximum amount outstanding at any month-end during 2013 was approximately $2.3 billion. | |
Investment Securities | |
We classify our investment securities according to their purpose and holding period. Gains or losses on the sale of securities are recognized using the specific identification method and recorded in noninterest income. | |
Held-to-maturity (“HTM”) debt securities are stated at adjusted cost, net of unamortized premiums and unaccreted discounts. The Company has the intent and ability to hold such securities until recovery of their amortized cost basis. However, see further discussion in Note 6 regarding the Company’s change in intent prior to December 31, 2013 for certain CDO securities. | |
Available-for-sale (“AFS”) securities are stated at fair value and generally consist of debt securities held for investment and marketable equity securities not accounted for under the equity method. Unrealized gains and losses of AFS securities, after applicable taxes, are recorded as a component of other comprehensive income (“OCI”). | |
We review quarterly our investment securities portfolio for any declines in value that are considered to be other-than-temporary impairment (“OTTI”). The process, methodology and factors considered to evaluate securities for OTTI are discussed further in Note 6. Noncredit-related OTTI on securities we intend to sell and credit-related OTTI regardless of intent is recognized in earnings. OTTI is recognized as a realized loss through earnings when our best estimate of discounted cash flows expected to be collected is less than our amortized cost basis. Noncredit-related OTTI on securities not expected to be sold is recognized in OCI. | |
Trading securities are stated at fair value and consist of securities acquired for short-term appreciation or other trading purposes. Realized and unrealized gains and losses are recorded in trading income, which is included in capital markets and foreign exchange. | |
The fair values of investment securities, as estimated under current accounting guidance, are discussed in Notes 8 and 21. | |
Loans and Allowance for Credit Losses | |
Loans are reported at the principal amount outstanding, net of unearned income. Unearned income, which includes deferred fees net of deferred direct loan origination costs, is amortized to interest income over the life of the loan using the interest method. Interest income is recognized on an accrual basis. | |
At the time of origination, we determine whether loans will be held for investment or held for sale. We may subsequently change our intent to hold loans for investment and reclassify them as held for sale. Loans held for sale are carried at the lower of aggregate cost or fair value. A valuation allowance is recorded when cost exceeds fair value based on reviews at the time of reclassification and periodically thereafter. Gains and losses are recorded in noninterest income based on the difference between sales proceeds and carrying value. | |
Loans that become other than current with respect to contractual payments due may be accounted for separately depending on the status of the loan, which is determined from certain credit quality indicators and analysis under the circumstances. The loan status includes past due, nonaccrual, impaired, modified, and restructured (including troubled debt restructurings). Our accounting policies for these loan types and our estimation of the related allowance for loan losses are discussed further in Note 7. | |
Certain purchased loans require separate accounting procedures that are also discussed in Note 7. | |
The allowance for credit losses includes the allowance for loan losses and the reserve for unfunded lending commitments, and represents our estimate of losses inherent in the loan portfolio that may be recognized from loans and lending commitments that are not recoverable. Further discussion of our estimation process for the allowance for credit losses is included in Note 7. | |
Other Real Estate Owned | |
Other real estate owned (“OREO”) consists principally of commercial and residential real estate obtained in partial or total satisfaction of loan obligations. Amounts are recorded at the lower of cost or fair value (less any selling costs) based on property appraisals at the time of transfer and periodically thereafter. | |
Nonmarketable Investments | |
Nonmarketable investments, including private equity investments, are included in other noninterest-bearing investments on the balance sheet. These investments include venture capital securities and securities acquired for various debt and regulatory requirements. See further discussion in Note 21. | |
Certain nonmarketable venture capital securities are accounted for under the equity method and reported at estimated fair values in the absence of readily ascertainable fair values. Changes in fair value and gains and losses from sales are recognized in noninterest income. The values assigned to the securities where no market quotations exist are based upon available information and may not necessarily represent amounts that will ultimately be realized. Such estimated amounts depend on future circumstances and will not be realized until the individual securities are liquidated. | |
Other nonmarketable investments, including private equity investments and those acquired for various debt and regulatory requirements, are accounted for at cost. Periodic reviews are conducted for impairment by comparing carrying values with estimates of fair value determined according to the previous discussion. | |
Premises and Equipment | |
Premises and equipment are stated at cost, net of accumulated depreciation and amortization. Depreciation, computed primarily on the straight-line method, is charged to operations over the estimated useful lives of the properties, generally 25 to 40 years for buildings, 3 to 10 years for furniture and equipment, 3 to 5 years for software, and 10 years for software capitalized for the Company’s new lending and deposit systems. Leasehold improvements are amortized over the terms of the respective leases or the estimated useful lives of the improvements, whichever is shorter. | |
Business Combinations | |
Business combinations are accounted for under the purchase method of accounting. Upon initially obtaining control, we recognize 100% of all acquired assets and all assumed liabilities regardless of the percentage owned. The assets and liabilities are recorded at their estimated fair values, with goodwill being recorded when such fair values are less than the cost of acquisition. Certain transaction and restructuring costs are expensed as incurred. Changes to estimated fair values from a business combination are recognized as an adjustment to goodwill over the measurement period, which cannot exceed one year from the acquisition date. Results of operations of the acquired business are included in our statement of income from the date of acquisition. | |
Goodwill and Identifiable Intangible Assets | |
Goodwill and intangible assets deemed to have indefinite lives are not amortized. We subject these assets to annual specified impairment tests as of the beginning of the fourth quarter and more frequently if changing conditions warrant. Core deposit assets and other intangibles with finite useful lives are generally amortized on an accelerated basis using an estimated useful life of up to 12 years. | |
Derivative Instruments | |
We use derivative instruments, including interest rate swaps and floors and basis swaps, as part of our overall interest rate risk management strategy. These instruments enable us to manage to desired asset and liability duration and to reduce interest rate exposure by matching estimated repricing periods of interest-sensitive assets and liabilities. We also execute derivative instruments with commercial banking customers to facilitate their risk management strategies. These derivatives are immediately hedged by offsetting derivatives such that we minimize our net risk exposure as a result of such transactions. We record all derivatives at fair value in the balance sheet as either other assets or other liabilities. See further discussion in Note 8. | |
Commitments and Letters of Credit | |
In the ordinary course of business, we enter into commitments to extend credit, commercial letters of credit, and standby letters of credit. Such financial instruments are recorded in the financial statements when they become payable. The credit risk associated with these commitments is evaluated in a manner similar to the allowance for loan losses. The reserve for unfunded lending commitments is presented separately in the balance sheet. | |
Share-Based Compensation | |
Share-based compensation generally includes grants of stock options, restricted stock, and other awards to employees and nonemployee directors. We recognize the share-based awards in the statement of income based on their fair values. See further discussion in Note 17. | |
Income Taxes | |
Deferred tax assets and liabilities are determined based on temporary differences between financial statement asset and liability amounts and their respective tax bases and are measured using enacted tax laws and rates. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Deferred tax assets are recognized subject to management’s judgment that realization is more-likely-than-not. Unrecognized tax benefits for uncertain tax positions relate primarily to state tax contingencies. See further discussion in Note 15. | |
Net Earnings Per Common Share | |
Net earnings per common share is based on net earnings applicable to common shareholders, which is net of preferred stock dividends. Basic net earnings per common share is based on the weighted average outstanding common shares during each year. Unvested share-based awards with rights to receive nonforfeitable dividends are considered participating securities and included in the computation of basic earnings per share. Diluted net earnings per common share is based on the weighted average outstanding common shares during each year, including common stock equivalents (such as warrants, stock options and restricted stock). Diluted net earnings per common share excludes common stock equivalents whose effect is antidilutive. See further discussion in Note 16. |
Other_Recent_Accounting_Pronou
Other Recent Accounting Pronouncements | 12 Months Ended | |
Dec. 31, 2013 | ||
Other Recent Accounting Pronouncements [Abstract] | ' | |
Certain Recent Accounting Pronouncements [Text Block] | ' | |
2 | CERTAIN RECENT ACCOUNTING PRONOUNCEMENTS | |
In January 2014, the FASB issued ASU 2014-04, Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. This new guidance under ASU 310-40, Receivables – Trouble Debt Restructurings by Creditors, clarifies that a creditor should be considered to have physical possession of a residential real estate property collateralizing a residential mortgage loan and thus would reclassify the loan to other real estate owned when certain conditions are satisfied. The new amendments will require additional financial statement disclosures and may be applied on either a prospective or a modified retrospective basis, with early adoption permitted. For public companies, adoption is required for interim or annual periods beginning after December 15, 2014. Management is currently evaluating the impact this new guidance may have on its financial statement disclosures. | ||
In January 2014, the FASB issued ASU 2014-1, Accounting for Investments in Qualified Affordable Housing Projects. This new accounting guidance under ASC 323, Investments – Equity Method and Joint Ventures, revised the conditions that an entity must meet to elect to use the effective yield method when accounting for qualified affordable housing project investments. The final consensus changed the method of amortizing a Low Income Housing Tax Credit (“LIHTC”) investment from the effective yield method to a proportional amortization method. The amortization would be proportional to the tax credits and tax benefits received but, under a practical expedient that would be available in certain circumstances, amortization could be proportional to only the tax credits. Reporting entities that invest in LIHTC investments through a limited liability entity could elect the proportional amortization method if certain conditions are met. The guidance would not extend to other types of tax credit investments. The final consensus would be applied retrospectively with early adoption and other adjustments permitted. For public companies, adoption is required for interim or annual periods beginning after December 15, 2014. Management is currently evaluating the impact this new guidance may have on its financial statements. | ||
Additional recent accounting pronouncements are discussed where applicable in the Notes to Consolidated Financial Statements. |
Merger_And_Acquisition_Activit
Merger And Acquisition Activity | 12 Months Ended | |
Dec. 31, 2013 | ||
Business Combinations [Abstract] | ' | |
Mergers, Acquisitions and Dispositions Disclosures [Text Block] | ' | |
3 | MERGER AND ACQUISITION ACTIVITY | |
In August 2011, we recognized a $5.5 million gain in other noninterest income from the sale of BServ, Inc. (dba BankServ) stock. We acquired the stock of this privately-owned company when we sold substantially all of the assets of our NetDeposit subsidiary in September 2010. Similar to BankServ, NetDeposit specialized in remote deposit capture and electronic payment technologies. |
Supplemental_Cash_Flow_Informa
Supplemental Cash Flow Information | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Supplemental Cash Flow Information [Abstract] | ' | ||||||||||||
Supplemental Cash Flow Information | ' | ||||||||||||
SUPPLEMENTAL CASH FLOW INFORMATION | |||||||||||||
Noncash activities are summarized as follows: | |||||||||||||
(In thousands) | Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | |||||||||||
Loans transferred to other real estate owned | $ | 60,749 | $ | 172,018 | $ | 301,454 | |||||||
Loans and leases transferred to loans held for sale | 36,301 | — | 31,936 | ||||||||||
Beneficial conversion feature transferred from common stock to preferred stock as a result of subordinated debt conversions | 206 | 15,232 | 43,139 | ||||||||||
Subordinated debt converted to preferred stock | 1,210 | 89,564 | 256,109 | ||||||||||
Preferred stock transferred to common stock as a result of the Series C preferred stock redemption | 580 | — | — | ||||||||||
Preferred stock/beneficial conversion feature transferred to retained earnings as result of the Series C preferred stock redemption | 125,700 | — | — | ||||||||||
Amortized cost of HTM securities transferred to AFS securities | 181,915 | — | — | ||||||||||
Cash_and_Money_Market_Investme
Cash and Money Market Investments | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Gross and net information for selecting financial instruments [Abstract] | ' | ||||||||||||||||||||||||
Cash, Cash Equivalents, and Short-term Investments [Text Block] | ' | ||||||||||||||||||||||||
5 | CASH AND MONEY MARKET INVESTMENTS | ||||||||||||||||||||||||
Effective January 1, 2013, we adopted ASU 2013-01, Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities, which limited the scope of ASU 2011-11, Disclosures about Offsetting Assets and Liabilities. This new guidance under ASC 210, Balance Sheet, applies to the offsetting of derivatives (including bifurcated embedded derivatives), repurchase agreements and reverse repurchase (or resell) agreements, and securities borrowing and lending transactions. The new guidance requires entities to present both gross and net information about these financial instruments, including those subject to a master netting arrangement. The change in disclosure is required on a retrospective basis for all prior periods presented. | |||||||||||||||||||||||||
Security resell and repurchase agreements are offset in the balance sheet according to master netting agreements. Derivative instruments may be offset under their master netting agreements; however, for accounting purposes, we present these items on a gross basis in the Company’s balance sheet. See Note 8 for further information regarding derivative instruments. | |||||||||||||||||||||||||
Gross and net information for selected financial instruments in the balance sheet is as follows: | |||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||
(In thousands) | Gross amounts not offset in the balance sheet | ||||||||||||||||||||||||
Description | Gross amounts recognized | Gross amounts offset in the balance sheet | Net amounts presented in the balance sheet | Financial instruments | Cash collateral received/pledged | Net amount | |||||||||||||||||||
Assets: | |||||||||||||||||||||||||
Federal funds sold and security resell agreements | $ | 282,248 | $ | — | $ | 282,248 | $ | — | $ | — | $ | 282,248 | |||||||||||||
Derivatives (included in other assets) | 65,683 | — | 65,683 | (11,650 | ) | 2,210 | 56,243 | ||||||||||||||||||
$ | 347,931 | $ | — | $ | 347,931 | $ | (11,650 | ) | $ | 2,210 | $ | 338,491 | |||||||||||||
Liabilities: | |||||||||||||||||||||||||
Federal funds purchased and security repurchase agreements | $ | 266,742 | $ | — | $ | 266,742 | $ | — | $ | — | $ | 266,742 | |||||||||||||
Derivatives (included in other liabilities) | 68,397 | — | 68,397 | (11,650 | ) | (26,997 | ) | 29,750 | |||||||||||||||||
$ | 335,139 | $ | — | $ | 335,139 | $ | (11,650 | ) | $ | (26,997 | ) | $ | 296,492 | ||||||||||||
December 31, 2012 | |||||||||||||||||||||||||
(In thousands) | Gross amounts not offset in the balance sheet | ||||||||||||||||||||||||
Description | Gross amounts recognized | Gross amounts offset in the balance sheet | Net amounts presented in the balance sheet | Financial instruments | Cash collateral received/pledged | Net amount | |||||||||||||||||||
Assets: | |||||||||||||||||||||||||
Federal funds sold and security resell agreements | $ | 3,675,354 | $ | (900,000 | ) | $ | 2,775,354 | $ | — | $ | — | $ | 2,775,354 | ||||||||||||
Derivatives (included in other assets) | 86,214 | — | 86,214 | (409 | ) | — | 85,805 | ||||||||||||||||||
$ | 3,761,568 | $ | (900,000 | ) | $ | 2,861,568 | $ | (409 | ) | $ | — | $ | 2,861,159 | ||||||||||||
Liabilities: | |||||||||||||||||||||||||
Federal funds purchased and security repurchase agreements | $ | 1,220,478 | $ | (900,000 | ) | $ | 320,478 | $ | — | $ | — | $ | 320,478 | ||||||||||||
Derivatives (included in other liabilities) | 92,259 | — | 92,259 | (409 | ) | (81,683 | ) | 10,167 | |||||||||||||||||
$ | 1,312,737 | $ | (900,000 | ) | $ | 412,737 | $ | (409 | ) | $ | (81,683 | ) | $ | 330,645 | |||||||||||
Investment_Securities
Investment Securities | 12 Months Ended | |||||||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||||||
Investments [Abstract] | ' | |||||||||||||||||||||||||||
Investment Securities | ' | |||||||||||||||||||||||||||
INVESTMENT SECURITIES | ||||||||||||||||||||||||||||
Investment securities are summarized below. Note 21 discusses the process to estimate fair value for investment securities. | ||||||||||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||||
Recognized in OCI 1 | Not recognized in OCI | |||||||||||||||||||||||||||
(In thousands) | Amortized | Gross | Gross | Carrying | Gross | Gross | Estimated | |||||||||||||||||||||
cost | unrealized | unrealized | value | unrealized | unrealized | fair | ||||||||||||||||||||||
gains | losses | gains | losses | value | ||||||||||||||||||||||||
Held-to-maturity | ||||||||||||||||||||||||||||
Municipal securities | $ | 551,055 | $ | — | $ | — | $ | 551,055 | $ | 11,295 | $ | 4,616 | $ | 557,734 | ||||||||||||||
Asset-backed securities: | ||||||||||||||||||||||||||||
Trust preferred securities – banks and insurance | 79,419 | — | 41,593 | 37,826 | 15,195 | 1,308 | 51,713 | |||||||||||||||||||||
Other | — | — | — | — | — | — | — | |||||||||||||||||||||
Other debt securities | 100 | — | — | 100 | — | — | 100 | |||||||||||||||||||||
630,574 | — | 41,593 | 588,981 | 26,490 | 5,924 | 609,547 | ||||||||||||||||||||||
Available-for-sale | ||||||||||||||||||||||||||||
U.S. Treasury securities | 1,442 | 104 | — | 1,546 | 1,546 | |||||||||||||||||||||||
U.S. Government agencies and corporations: | ||||||||||||||||||||||||||||
Agency securities | 517,905 | 1,920 | 901 | 518,924 | 518,924 | |||||||||||||||||||||||
Agency guaranteed mortgage-backed securities | 308,687 | 9,926 | 1,237 | 317,376 | 317,376 | |||||||||||||||||||||||
Small Business Administration loan-backed securities | 1,202,901 | 21,129 | 2,771 | 1,221,259 | 1,221,259 | |||||||||||||||||||||||
Municipal securities | 65,425 | 1,329 | 490 | 66,264 | 66,264 | |||||||||||||||||||||||
Asset-backed securities: | ||||||||||||||||||||||||||||
Trust preferred securities – banks and insurance | 1,508,224 | 13,439 | 282,843 | 1,238,820 | 1,238,820 | |||||||||||||||||||||||
Trust preferred securities – real estate investment trusts | 22,996 | — | — | 22,996 | 22,996 | |||||||||||||||||||||||
Auction rate securities | 6,507 | 118 | 26 | 6,599 | 6,599 | |||||||||||||||||||||||
Other | 27,540 | 359 | — | 27,899 | 27,899 | |||||||||||||||||||||||
3,661,627 | 48,324 | 288,268 | 3,421,683 | 3,421,683 | ||||||||||||||||||||||||
Mutual funds and other | 287,603 | 21 | 7,421 | 280,203 | 280,203 | |||||||||||||||||||||||
3,949,230 | 48,345 | 295,689 | 3,701,886 | 3,701,886 | ||||||||||||||||||||||||
Total | $ | 4,579,804 | $ | 48,345 | $ | 337,282 | $ | 4,290,867 | $ | 4,311,433 | ||||||||||||||||||
December 31, 2012 | ||||||||||||||||||||||||||||
Recognized in OCI 1 | Not recognized in OCI | |||||||||||||||||||||||||||
(In thousands) | Amortized | Gross | Gross | Carrying | Gross | Gross | Estimated | |||||||||||||||||||||
cost | unrealized | unrealized | value | unrealized | unrealized | fair | ||||||||||||||||||||||
gains | losses | gains | losses | value | ||||||||||||||||||||||||
Held-to-maturity | ||||||||||||||||||||||||||||
Municipal securities | $ | 524,738 | $ | — | $ | — | $ | 524,738 | $ | 12,837 | $ | 709 | $ | 536,866 | ||||||||||||||
Asset-backed securities: | ||||||||||||||||||||||||||||
Trust preferred securities – banks and insurance | 255,647 | — | 42,964 | 212,683 | 114 | 86,596 | 126,201 | |||||||||||||||||||||
Other | 21,858 | — | 2,470 | 19,388 | 709 | 8,523 | 11,574 | |||||||||||||||||||||
Other debt securities | 100 | — | — | 100 | — | — | 100 | |||||||||||||||||||||
802,343 | — | 45,434 | 756,909 | 13,660 | 95,828 | 674,741 | ||||||||||||||||||||||
Available-for-sale | ||||||||||||||||||||||||||||
U.S. Treasury securities | 104,313 | 211 | — | 104,524 | 104,524 | |||||||||||||||||||||||
U.S. Government agencies and corporations: | ||||||||||||||||||||||||||||
Agency securities | 108,814 | 3,959 | 116 | 112,657 | 112,657 | |||||||||||||||||||||||
Agency guaranteed mortgage-backed securities | 406,928 | 18,598 | 16 | 425,510 | 425,510 | |||||||||||||||||||||||
Small Business Administration loan-backed securities | 1,124,322 | 29,245 | 639 | 1,152,928 | 1,152,928 | |||||||||||||||||||||||
Municipal securities | 75,344 | 2,622 | 1,970 | 75,996 | 75,996 | |||||||||||||||||||||||
Asset-backed securities: | ||||||||||||||||||||||||||||
Trust preferred securities – banks and insurance | 1,596,156 | 16,687 | 663,451 | 949,392 | 949,392 | |||||||||||||||||||||||
Trust preferred securities – real estate investment trusts | 40,485 | — | 24,082 | 16,403 | 16,403 | |||||||||||||||||||||||
Auction rate securities | 6,504 | 79 | 68 | 6,515 | 6,515 | |||||||||||||||||||||||
Other | 25,614 | 701 | 6,941 | 19,374 | 19,374 | |||||||||||||||||||||||
3,488,480 | 72,102 | 697,283 | 2,863,299 | 2,863,299 | ||||||||||||||||||||||||
Mutual funds and other | 228,469 | 194 | 652 | 228,011 | 228,011 | |||||||||||||||||||||||
3,716,949 | 72,296 | 697,935 | 3,091,310 | 3,091,310 | ||||||||||||||||||||||||
Total | $ | 4,519,292 | $ | 72,296 | $ | 743,369 | $ | 3,848,219 | $ | 3,766,051 | ||||||||||||||||||
1 | The gross unrealized losses recognized in OCI on HTM securities resulted from a previous transfer of AFS securities | |||||||||||||||||||||||||||
to HTM and from OTTI. | ||||||||||||||||||||||||||||
The amortized cost and estimated fair value of investment debt securities are shown subsequently as of December 31, 2013 by expected maturity distribution for structured asset-backed collateralized debt obligations (“ABS CDOs”) and by contractual maturity distribution for other debt securities. Actual maturities may differ from expected or contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. | ||||||||||||||||||||||||||||
Held-to-maturity | Available-for-sale | |||||||||||||||||||||||||||
(In thousands) | Amortized | Estimated | Amortized | Estimated | ||||||||||||||||||||||||
cost | fair | cost | fair | |||||||||||||||||||||||||
value | value | |||||||||||||||||||||||||||
Due in one year or less | $ | 53,489 | $ | 53,200 | $ | 446,742 | $ | 434,528 | ||||||||||||||||||||
Due after one year through five years | 197,830 | 202,553 | 1,151,262 | 1,126,669 | ||||||||||||||||||||||||
Due after five years through ten years | 136,754 | 134,360 | 724,261 | 702,395 | ||||||||||||||||||||||||
Due after ten years | 242,501 | 219,434 | 1,339,362 | 1,158,091 | ||||||||||||||||||||||||
$ | 630,574 | $ | 609,547 | $ | 3,661,627 | $ | 3,421,683 | |||||||||||||||||||||
The following is a summary of the amount of gross unrealized losses for debt securities and the estimated fair value by length of time the securities have been in an unrealized loss position: | ||||||||||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||||
Less than 12 months | 12 months or more | Total | ||||||||||||||||||||||||||
(In thousands) | Gross | Estimated | Gross | Estimated | Gross | Estimated | ||||||||||||||||||||||
unrealized | fair | unrealized | fair | unrealized | fair | |||||||||||||||||||||||
losses | value | losses | value | losses | value | |||||||||||||||||||||||
Held-to-maturity | ||||||||||||||||||||||||||||
Municipal securities | $ | 4,025 | $ | 70,400 | $ | 591 | $ | 9,103 | $ | 4,616 | $ | 79,503 | ||||||||||||||||
Asset-backed securities: | ||||||||||||||||||||||||||||
Trust preferred securities – banks and insurance | — | — | 42,901 | 51,319 | 42,901 | 51,319 | ||||||||||||||||||||||
Other | — | — | — | — | — | — | ||||||||||||||||||||||
4,025 | 70,400 | 43,492 | 60,422 | 47,517 | 130,822 | |||||||||||||||||||||||
Available-for-sale | ||||||||||||||||||||||||||||
U.S. Government agencies and corporations: | ||||||||||||||||||||||||||||
Agency securities | 828 | 47,862 | 73 | 5,874 | 901 | 53,736 | ||||||||||||||||||||||
Agency guaranteed mortgage-backed securities | 1,231 | 64,533 | 6 | 935 | 1,237 | 65,468 | ||||||||||||||||||||||
Small Business Administration loan-backed securities | 1,709 | 187,680 | 1,062 | 39,256 | 2,771 | 226,936 | ||||||||||||||||||||||
Municipal securities | 73 | 8,834 | 417 | 3,179 | 490 | 12,013 | ||||||||||||||||||||||
Asset-backed securities: | ||||||||||||||||||||||||||||
Trust preferred securities – banks and insurance | 2,539 | 51,911 | 280,304 | 847,990 | 282,843 | 899,901 | ||||||||||||||||||||||
Trust preferred securities – real estate investment trusts | — | — | — | — | — | — | ||||||||||||||||||||||
Auction rate securities | 5 | 1,609 | 21 | 892 | 26 | 2,501 | ||||||||||||||||||||||
Other | — | — | — | — | — | — | ||||||||||||||||||||||
6,385 | 362,429 | 281,883 | 898,126 | 288,268 | 1,260,555 | |||||||||||||||||||||||
Mutual funds and other | 943 | 24,057 | 6,478 | 103,614 | 7,421 | 127,671 | ||||||||||||||||||||||
7,328 | 386,486 | 288,361 | 1,001,740 | 295,689 | 1,388,226 | |||||||||||||||||||||||
Total | $ | 11,353 | $ | 456,886 | $ | 331,853 | $ | 1,062,162 | $ | 343,206 | $ | 1,519,048 | ||||||||||||||||
December 31, 2012 | ||||||||||||||||||||||||||||
Less than 12 months | 12 months or more | Total | ||||||||||||||||||||||||||
(In thousands) | Gross unrealized losses | Estimated fair | Gross unrealized losses | Estimated fair | Gross unrealized losses | Estimated fair | ||||||||||||||||||||||
value | value | value | ||||||||||||||||||||||||||
Held-to-maturity | ||||||||||||||||||||||||||||
Municipal securities | $ | 630 | $ | 42,613 | $ | 79 | $ | 5,910 | $ | 709 | $ | 48,523 | ||||||||||||||||
Asset-backed securities: | ||||||||||||||||||||||||||||
Trust preferred securities – banks and insurance | — | — | 129,560 | 126,019 | 129,560 | 126,019 | ||||||||||||||||||||||
Other | — | — | 10,993 | 10,904 | 10,993 | 10,904 | ||||||||||||||||||||||
Other debt securities | — | — | — | — | — | — | ||||||||||||||||||||||
630 | 42,613 | 140,632 | 142,833 | 141,262 | 185,446 | |||||||||||||||||||||||
Available-for-sale | ||||||||||||||||||||||||||||
U.S. Government agencies and corporations: | ||||||||||||||||||||||||||||
Agency securities | 35 | 18,633 | 81 | 6,916 | 116 | 25,549 | ||||||||||||||||||||||
Agency guaranteed mortgage-backed securities | 10 | 6,032 | 6 | 629 | 16 | 6,661 | ||||||||||||||||||||||
Small Business Administration loan-backed securities | 91 | 15,199 | 548 | 69,011 | 639 | 84,210 | ||||||||||||||||||||||
Municipal securities | 61 | 4,898 | 1,909 | 11,768 | 1,970 | 16,666 | ||||||||||||||||||||||
Asset-backed securities: | ||||||||||||||||||||||||||||
Trust preferred securities – banks and insurance | — | — | 663,451 | 765,421 | 663,451 | 765,421 | ||||||||||||||||||||||
Trust preferred securities – real estate investment trusts | — | — | 24,082 | 16,403 | 24,082 | 16,403 | ||||||||||||||||||||||
Auction rate securities | — | — | 68 | 2,459 | 68 | 2,459 | ||||||||||||||||||||||
Other | — | — | 6,941 | 15,234 | 6,941 | 15,234 | ||||||||||||||||||||||
197 | 44,762 | 697,086 | 887,841 | 697,283 | 932,603 | |||||||||||||||||||||||
Mutual funds and other | 652 | 112,324 | — | — | 652 | 112,324 | ||||||||||||||||||||||
849 | 157,086 | 697,086 | 887,841 | 697,935 | 1,044,927 | |||||||||||||||||||||||
Total | $ | 1,479 | $ | 199,699 | $ | 837,718 | $ | 1,030,674 | $ | 839,197 | $ | 1,230,373 | ||||||||||||||||
At December 31, 2013 and 2012, respectively, 157 and 84 HTM and 317 and 256 AFS investment securities were in an unrealized loss position. | ||||||||||||||||||||||||||||
Other-Than-Temporary Impairment | ||||||||||||||||||||||||||||
Ongoing Policy | ||||||||||||||||||||||||||||
We conduct a formal review of investment securities on a quarterly basis for the presence of OTTI. We assess whether OTTI is present when the fair value of a debt security is less than its amortized cost basis at the balance sheet date (the vast majority of the investment portfolio are debt securities). Under these circumstances, OTTI is considered to have occurred if (1) we intend to sell the security; (2) it is “more likely than not” we will be required to sell the security before recovery of its amortized cost basis; or (3) the present value of expected cash flows is not sufficient to recover the entire amortized cost basis. | ||||||||||||||||||||||||||||
Noncredit-related OTTI in securities we intend to sell is recognized in earnings as is any credit-related OTTI in securities, regardless of our intent. Noncredit-related OTTI on securities not expected to be sold is recognized in OCI. The amount of noncredit-related OTTI in a security is quantified as the difference in a security’s amortized cost after adjustment for credit impairment, and its lower fair value. Presentation of OTTI is made in the statement of income on a gross basis with an offset for the amount of OTTI recognized in OCI. For securities classified as HTM, the amount of noncredit-related OTTI recognized in OCI is accreted using the effective interest rate method to the credit-adjusted expected cash flow amounts of the securities over future periods. | ||||||||||||||||||||||||||||
Our OTTI evaluation process takes into consideration current market conditions; fair value in relationship to cost; extent and nature of change in fair value; severity and duration of the impairment; recent events specific to the issuer or industry; creditworthiness of the issuer, including external credit ratings, changes, recent downgrades, and trends; volatility of earnings and trends; current analysts’ evaluations; all available information relevant to the collectibility of debt securities; and other key measures. In addition, for AFS securities with fair values below amortized cost, we must determine if we intend to sell the securities or if it is more likely than not that we will be required to sell the securities before recovery of their amortized cost basis. For HTM securities, we must determine we have the ability to hold the securities to maturity. We consider any other relevant factors before concluding our evaluation for the existence of OTTI in our securities portfolio. | ||||||||||||||||||||||||||||
Additionally, under ASC 325-40, Beneficial Interests in Securitized Financial Assets, OTTI is recognized as a realized loss through earnings when there has been an adverse change in the holder’s best estimate of cash flows expected to be collected such that the entire amortized cost basis will not be received. | ||||||||||||||||||||||||||||
Effect of Volcker Rule and Interim Final Rule | ||||||||||||||||||||||||||||
Prior to December 31, 2013, we asserted that we did not intend to sell collateralized debt obligation (“CDO”) securities prior to recovery of their amortized cost basis when it exceeded fair value. We also determined that it was not more likely than not that we will be required to sell such securities before recovery of their amortized cost basis. | ||||||||||||||||||||||||||||
On December 10, 2013, five federal agencies (the Federal Reserve, Federal Deposit Insurance Corporation (“FDIC”), Office of the Comptroller of the Currency (“OCC”), Commodity Futures Trading Commission (“CFTC”), and the Securities and Exchange Commission (“SEC”) published the final Volcker Rule (“VR”) pursuant to the Dodd-Frank Act. The VR significantly restricted certain activities by covered bank holding companies, including restrictions on certain types of securities, proprietary trading, and private equity investing. On January 14, 2014, these agencies revised the VR’s application to certain CDO securities through publication of an Interim Final Rule (“IFR”) related primarily to bank trust preferred CDO securities. | ||||||||||||||||||||||||||||
Certain CDO securities backed primarily by insurance trust preferred securities, REIT securities, and ABS securities became disallowed under the VR and the IFR. This regulatory change resulted in the Company no longer being able to hold these securities to maturity. Accordingly, we reclassified the affected securities in the HTM portfolio from HTM to AFS. The amortized cost of the securities reclassified was approximately $182 million. Net unrealized losses recorded in OCI during the fourth quarter of 2013 as a result of this reclassification were approximately $24.4 million. | ||||||||||||||||||||||||||||
Within the resulting AFS portfolio, we concluded we still had the ability to hold certain disallowed insurance CDO securities to recovery of their amortized cost basis, which was $358 million at December 31, 2013. Such securities had $67 million of unrealized losses at December 31, 2013. In contrast, for $147 million at amortized cost of disallowed CDOs, primarily ABS and Real Estate Investment Trusts (“REIT”), the Company concluded recovery was unlikely prior to July 21, 2015, and determined prior to December 31, 2013 an intent to sell during the first quarter of 2014. In addition at December 31, 2013, to reduce the risk profile of the portfolio, we determined an intent to sell for certain other allowed CDO securities during the first quarter of 2014. | ||||||||||||||||||||||||||||
This formation of an intent to sell resulted in a pretax securities impairment charge of $137.1 million for CDO trust preferred securities – banks and insurance, REITs, and other asset backed CDO securities. Approximately $43.2 million of the charge related to securities which the VR and the IFR preclude the Company from holding beyond July 21, 2015. The remaining $93.9 million related to securities that we intend to sell despite being grandfathered under the VR and the IFR. See the Subsequent Event section following in this footnote which discusses the results of the subsequent sales of these CDO securities. | ||||||||||||||||||||||||||||
OTTI Conclusions | ||||||||||||||||||||||||||||
The following summarizes the conclusions from our OTTI evaluation for those security types that had significant gross unrealized losses during 2013: | ||||||||||||||||||||||||||||
OTTI – Municipal Securities | ||||||||||||||||||||||||||||
The HTM securities are purchased directly from municipalities and are generally not rated by a credit rating agency. Most of the AFS securities are rated as investment grade by various credit rating agencies. Both the HTM and AFS securities are at fixed and variable rates with maturities from one to 25 years. Fair value changes of these securities are largely driven by interest rates. We perform credit quality reviews on these securities at each reporting period. Because the decline in fair value is not attributable to credit quality, no OTTI for these securities was recorded during 2013. | ||||||||||||||||||||||||||||
OTTI – Asset-Backed Securities | ||||||||||||||||||||||||||||
Trust preferred securities – banks and insurance – These CDO securities are interests in variable rate pools of trust preferred securities issued by trusts related to bank holding companies and insurance companies (“collateral issuers”). They are rated by one or more Nationally Recognized Statistical Rating Organizations (“NRSROs”), which are rating agencies registered with the SEC. The more junior securities were purchased generally at par, while the senior securities were purchased from Lockhart Funding LLC (“Lockhart”), a previously consolidated qualifying special purpose entity securities conduit, at their carrying values (generally par) and then adjusted to their lower fair values. The primary drivers that have given rise to the unrealized losses on CDOs with bank and insurance collateral are listed below: | ||||||||||||||||||||||||||||
1) | Market yield requirements for bank CDO securities remain elevated. The financial crisis and economic downturn resulted in significant utilization of both the unique five-year deferral option, which each collateral issuer maintains during the life of the CDO, and the payment in kind feature described subsequently. The resulting increase in the rate of return demanded by the market for trust preferred CDOs remains substantially higher than the contractual interest rates. Virtually all structured asset-backed security (“ABS”) fair values, including bank CDOs, deteriorated significantly during the crisis, generally reaching a low in mid-2009. Prices for some structured products have since rebounded as the crucial unknowns related to value became resolved and as trading increased in these securities. Unlike other structured products, CDO tranches backed by bank trust preferred securities continue to be characterized by considerable uncertainty surrounding collateral behavior, specifically including, but not limited to, prepayments; the future number, size and timing of bank failures; holding company bankruptcies; and allowed deferrals and subsequent resumption of payment or default due to nonpayment of contractual interest. | |||||||||||||||||||||||||||
2) | Structural features of the collateral make these CDO tranches difficult for market participants to model. The first feature unique to bank CDOs is the interest deferral feature previously noted. Throughout the crisis starting in 2008, certain banks within our CDO pools have exercised this prerogative. The extent to which these deferrals are likely to either transition to default or, alternatively, come current prior to the five-year deadline is extremely difficult for market participants to assess. | |||||||||||||||||||||||||||
A second structural feature that is difficult to model is the payment in kind (“PIK”) feature, which provides that upon reaching certain levels of collateral default or deferral, certain junior CDO tranches will not receive current interest but will instead have the interest amount that is unpaid capitalized or deferred. The cash flow that would otherwise be paid to the junior CDO securities and the income notes is instead used to pay down the principal balance of the most senior CDO securities. If the current market yield required by market participants equaled the effective interest rate of a security, a market participant should be indifferent between receiving current interest and capitalizing and compounding interest for later payment. However, given the difference between current market rates and effective interest rates of the securities, market participants are not indifferent. The delay in payment caused by PIKing results in lower security fair values even if PIKing is projected to be fully cured. This feature is difficult to model and assess. It increases the risk premium the market applies to these securities. | ||||||||||||||||||||||||||||
3) | Ratings are generally below-investment-grade for even some of the most senior tranches that originally were rated AAA or the equivalent. Ratings on a number of CDO tranches vary significantly among rating agencies. The presence of a below-investment-grade rating by even a single rating agency will severely limit the pool of buyers, which causes greater illiquidity and therefore most likely a higher implicit discount rate/lower price with regard to that CDO tranche. | |||||||||||||||||||||||||||
4) | There is a lack of consistent disclosure by each CDO’s trustee of the identity of collateral issuers; in addition, complex structures make projecting tranche return profiles difficult for nonspecialists in the product. | |||||||||||||||||||||||||||
5) | At purchase, the expectation of cash flow variability was limited. As a result of the crisis, we have seen extreme variability of collateral performance both compared to expectations and between different pools. | |||||||||||||||||||||||||||
Based on our ongoing review of these CDO securities and the previous discussion related to the VR and the IFR, OTTI was recorded during 2013. | ||||||||||||||||||||||||||||
OTTI – U.S. Government Agencies and Corporations | ||||||||||||||||||||||||||||
Small Business Administration (“SBA”) Loan-Backed Securities – These securities were generally purchased at premiums with maturities from five to 25 years and have principal cash flows guaranteed by the SBA. Because the decline in fair value is not attributable to credit quality, no OTTI for these securities was recorded during 2013. | ||||||||||||||||||||||||||||
The following is a tabular rollforward of the total amount of credit-related OTTI, including amounts recognized in earnings: | ||||||||||||||||||||||||||||
(In thousands) | 2013 | 2012 | ||||||||||||||||||||||||||
HTM | AFS | Total | HTM | AFS | Total | |||||||||||||||||||||||
Balance of credit-related OTTI at beginning of year | $ | (13,549 | ) | $ | (394,494 | ) | $ | (408,043 | ) | $ | (6,126 | ) | $ | (314,860 | ) | $ | (320,986 | ) | ||||||||||
Additions recognized in earnings during the year: | ||||||||||||||||||||||||||||
Credit-related OTTI not previously recognized 1 | (403 | ) | (168 | ) | (571 | ) | (2,890 | ) | (5,654 | ) | (8,544 | ) | ||||||||||||||||
Credit-related OTTI previously recognized when there is no intent to sell and no requirement to sell before recovery of amortized cost basis 2 | — | (27,482 | ) | (27,482 | ) | (4,533 | ) | (90,984 | ) | (95,517 | ) | |||||||||||||||||
Subtotal of amounts recognized in earnings | (403 | ) | (27,650 | ) | (28,053 | ) | (7,423 | ) | (96,638 | ) | (104,061 | ) | ||||||||||||||||
Transfers from HTM to AFS | 4,900 | (4,900 | ) | — | — | — | — | |||||||||||||||||||||
Reductions for securities sold or paid off | — | 47,768 | 47,768 | — | 17,004 | 17,004 | ||||||||||||||||||||||
during the year | ||||||||||||||||||||||||||||
Reductions for securities the Company intends to sell or will be required to sell before recovery of its amortized cost basis | — | 202,443 | 202,443 | — | — | — | ||||||||||||||||||||||
Balance of credit-related OTTI at end of year | $ | (9,052 | ) | $ | (176,833 | ) | $ | (185,885 | ) | $ | (13,549 | ) | $ | (394,494 | ) | $ | (408,043 | ) | ||||||||||
1 Relates to securities not previously impaired. | ||||||||||||||||||||||||||||
2 Relates to additional impairment on securities previously impaired. | ||||||||||||||||||||||||||||
To determine the credit component of OTTI for all security types, we utilize projected cash flows. These cash flows are credit adjusted using, among other things, assumptions for default probability and loss severity. Certain other unobservable inputs such as prepayment rate assumptions are also utilized. In addition, certain internal and external models may be utilized. See Note 21 for further discussion. To determine the credit-related portion of OTTI in accordance with applicable accounting guidance, we use the security specific effective interest rate when estimating the present value of cash flows. | ||||||||||||||||||||||||||||
For those securities with credit-related OTTI recognized in the statement of income, the amounts of pretax noncredit-related OTTI recognized in OCI were as follows: | ||||||||||||||||||||||||||||
(In thousands) | 2013 | 2012 | 2011 | |||||||||||||||||||||||||
HTM | $ | 16,114 | $ | 16,718 | $ | 20,945 | ||||||||||||||||||||||
AFS | 7,358 | 45,478 | 22,697 | |||||||||||||||||||||||||
$ | 23,472 | $ | 62,196 | $ | 43,642 | |||||||||||||||||||||||
The following summarizes gains and losses, including OTTI, that were recognized in the statement of income: | ||||||||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||||||
(In thousands) | Gross | Gross | Gross | Gross | Gross | Gross losses | ||||||||||||||||||||||
gains | losses | gains | losses | gains | ||||||||||||||||||||||||
Investment securities: | ||||||||||||||||||||||||||||
Held-to-maturity | $ | 81 | $ | 403 | $ | 214 | $ | 7,423 | $ | 229 | $ | 769 | ||||||||||||||||
Available-for-sale | 13,881 | 181,591 | 25,120 | 102,428 | 21,793 | 43,068 | ||||||||||||||||||||||
Other noninterest-bearing investments: | ||||||||||||||||||||||||||||
Nonmarketable equity securities | 10,182 | 1,662 | 23,218 | 11,965 | 9,449 | 2,938 | ||||||||||||||||||||||
24,144 | 183,656 | 48,552 | 121,816 | 31,471 | 46,775 | |||||||||||||||||||||||
Net losses | $ | (159,512 | ) | $ | (73,264 | ) | $ | (15,304 | ) | |||||||||||||||||||
Statement of income information: | ||||||||||||||||||||||||||||
Net impairment losses on investment securities | $ | (165,134 | ) | $ | (104,061 | ) | $ | (33,683 | ) | |||||||||||||||||||
Equity securities gains, net | 8,520 | 11,253 | 6,511 | |||||||||||||||||||||||||
Fixed income securities gains (losses), net | (2,898 | ) | 19,544 | 11,868 | ||||||||||||||||||||||||
Net losses | $ | (159,512 | ) | $ | (73,264 | ) | $ | (15,304 | ) | |||||||||||||||||||
Nontaxable interest income on securities was $13.4 million in 2013, $17.6 million in 2012, and $21.3 million in 2011. | ||||||||||||||||||||||||||||
Securities with a carrying value of $1.5 billion at both December 31, 2013 and 2012 were pledged to secure public and trust deposits, advances, and for other purposes as required by law. Securities are also pledged as collateral for security repurchase agreements. | ||||||||||||||||||||||||||||
Subsequent Event | ||||||||||||||||||||||||||||
As previously discussed, we determined as of December 31, 2013 an intent to sell certain CDO securities during the first quarter of 2014, and announced that intent in a press release on January 16, 2014. On February 12, 2014, the Company announced the sale through that date of all of the CDO securities identified for sale. In an improving market, proceeds were approximately $347 million from the sale of $631 million par value or $282 million amortized cost of CDO securities, resulting in first quarter pretax gains of $65 million. |
Loans_And_Allowance_For_Credit
Loans And Allowance For Credit Losses | 12 Months Ended | ||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||
Loans And Allowance For Credit Losses [Abstract] | ' | ||||||||||||||||||||||||||||
Loans And Allowance For Credit Losses | ' | ||||||||||||||||||||||||||||
LOANS AND ALLOWANCE FOR CREDIT LOSSES | |||||||||||||||||||||||||||||
Loans and Loans Held for Sale | |||||||||||||||||||||||||||||
Loans are summarized as follows according to major portfolio segment and specific loan class: | |||||||||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||||||
(In thousands) | 2013 | 2012 | |||||||||||||||||||||||||||
Loans held for sale | $ | 171,328 | $ | 251,651 | |||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 12,481,083 | $ | 11,256,945 | |||||||||||||||||||||||||
Leasing | 387,929 | 422,513 | |||||||||||||||||||||||||||
Owner occupied | 7,437,195 | 7,589,082 | |||||||||||||||||||||||||||
Municipal | 449,418 | 494,183 | |||||||||||||||||||||||||||
Total commercial | 20,755,625 | 19,762,723 | |||||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Construction and land development | 2,182,821 | 1,939,413 | |||||||||||||||||||||||||||
Term | 8,005,837 | 8,062,819 | |||||||||||||||||||||||||||
Total commercial real estate | 10,188,658 | 10,002,232 | |||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||
Home equity credit line | 2,133,120 | 2,177,680 | |||||||||||||||||||||||||||
1-4 family residential | 4,736,665 | 4,350,329 | |||||||||||||||||||||||||||
Construction and other consumer real estate | 324,922 | 321,235 | |||||||||||||||||||||||||||
Bankcard and other revolving plans | 356,240 | 306,428 | |||||||||||||||||||||||||||
Other | 197,864 | 216,379 | |||||||||||||||||||||||||||
Total consumer | 7,748,811 | 7,372,051 | |||||||||||||||||||||||||||
FDIC-supported loans | 350,271 | 528,241 | |||||||||||||||||||||||||||
Total loans | $ | 39,043,365 | $ | 37,665,247 | |||||||||||||||||||||||||
Land development loans included in the construction and land development loan class were $561 million at December 31, 2013, and $788 million at December 31, 2012. | |||||||||||||||||||||||||||||
FDIC-supported loans were acquired during 2009 and are indemnified by the FDIC under loss sharing agreements. The FDIC-supported loan balances presented in the accompanying schedules include purchased credit-impaired (“PCI”) loans accounted for at their carrying values rather than their outstanding balances. See subsequent discussion under Purchased Loans. | |||||||||||||||||||||||||||||
Loan balances are presented net of unearned income and fees, which amounted to $141.7 million at December 31, 2013 and $137.5 million at December 31, 2012. | |||||||||||||||||||||||||||||
Owner occupied and commercial real estate (“CRE”) loans include unamortized premiums of approximately $47.2 million at December 31, 2013 and $59.3 million at December 31, 2012. | |||||||||||||||||||||||||||||
Municipal loans generally include loans to municipalities with the debt service being repaid from general funds or pledged revenues of the municipal entity, or to private commercial entities or 501(c)(3) not-for-profit entities utilizing a pass-through municipal entity to achieve favorable tax treatment. | |||||||||||||||||||||||||||||
Loans with a carrying value of approximately $23.0 billion at December 31, 2013 and $21.1 billion at December 31, 2012 have been pledged at the Federal Reserve and various Federal Home Loan Banks (“FHLB”) as collateral for current and potential borrowings. | |||||||||||||||||||||||||||||
We sold loans totaling $1.6 billion in 2013, $1.7 billion in 2012, and $1.6 billion in 2011, that were previously classified as loans held for sale. Loans reclassified to loans held for sale primarily consist of conforming residential mortgages. Amounts added to loans held for sale during these years were $1.5 billion, $1.7 billion, and $1.6 billion, respectively. Income from loans sold, excluding servicing, was $24.1 million in 2013, $30.7 million in 2012, and $17.5 million in 2011. | |||||||||||||||||||||||||||||
Allowance for Credit Losses | |||||||||||||||||||||||||||||
The allowance for credit losses (“ACL”) consists of the allowance for loan and lease losses (“ALLL”) (also referred to as the allowance for loan losses) and the reserve for unfunded lending commitments (“RULC”). | |||||||||||||||||||||||||||||
Allowance for Loan and Lease Losses | |||||||||||||||||||||||||||||
The ALLL represents our estimate of probable and estimable losses inherent in the loan and lease portfolio as of the balance sheet date. Losses are charged to the ALLL when recognized. Generally, commercial loans are charged off or charged down at the point at which they are determined to be uncollectible in whole or in part, or when 180 days past due, unless the loan is well secured and in the process of collection. Consumer loans are either charged off or charged down to net realizable value no later than the month in which they become 180 days past due. Closed-end loans that are not secured by residential real estate are either charged off or charged down to net realizable value no later than the month in which they become 120 days past due. We establish the amount of the ALLL by analyzing the portfolio at least quarterly, and we adjust the provision for loan losses so the ALLL is at an appropriate level at the balance sheet date. | |||||||||||||||||||||||||||||
We determine our ALLL as the best estimate within a range of estimated losses. The methodologies we use to estimate the ALLL depend upon the impairment status and portfolio segment of the loan. The methodology for impaired loans is discussed subsequently. For the commercial and CRE segments, we use a comprehensive loan grading system to assign probability of default (“PD”) and loss given default (“LGD”) grades to each loan. The credit quality indicators discussed subsequently are based on this grading system. PD and LGD grades are based on both financial and statistical models and loan officers’ judgment. We create groupings of these grades for each subsidiary bank and loan class and calculate historic loss rates using a loss migration analysis that attributes historic realized losses to these loan grade groupings over the period of January 2008 through the most recent full quarter. | |||||||||||||||||||||||||||||
For the consumer loan segment, we use roll rate models to forecast probable inherent losses. Roll rate models measure the rate at which consumer loans migrate from one delinquency category to the next worse delinquency category, and eventually to loss. We estimate roll rates for consumer loans using recent delinquency and loss experience by segmenting our consumer loan portfolio into separate pools based on common risk characteristics and separately calculating historical delinquency and loss experience for each pool. These roll rates are then applied to current delinquency levels to estimate probable inherent losses. Roll rates incorporate housing market trends inasmuch as these trends manifest themselves in charge-offs and delinquencies. In addition, our qualitative and environmental factors discussed subsequently incorporate the most recent housing market trends. | |||||||||||||||||||||||||||||
For FDIC-supported loans purchased with evidence of credit deterioration, we determine the ALLL according to separate accounting guidance. The accounting for these loans, including the allowance calculation, is described in the Purchased Loans section following. | |||||||||||||||||||||||||||||
The current status and historical changes in qualitative and environmental factors may not be reflected in our quantitative models. Thus, after applying historical loss experience, as described above, we review the quantitatively derived level of ALLL for each segment using qualitative criteria and use those criteria to determine our estimate within the range. We track various risk factors that influence our judgment regarding the level of the ALLL across the portfolio segments. These factors primarily include: | |||||||||||||||||||||||||||||
• | Asset quality trends | ||||||||||||||||||||||||||||
• | Risk management and loan administration practices | ||||||||||||||||||||||||||||
• | Risk identification practices | ||||||||||||||||||||||||||||
• | Effect of changes in the nature and volume of the portfolio | ||||||||||||||||||||||||||||
• | Existence and effect of any portfolio concentrations | ||||||||||||||||||||||||||||
• | National economic and business conditions | ||||||||||||||||||||||||||||
• | Regional and local economic and business conditions | ||||||||||||||||||||||||||||
• | Data availability and applicability | ||||||||||||||||||||||||||||
• | Effects of other external factors | ||||||||||||||||||||||||||||
The magnitude of the impact of these factors on our qualitative assessment of the ALLL changes from quarter to quarter according to the extent these factors are already reflected in historic loss rates and according to the extent these factors diverge from one to another. We also consider the uncertainty inherent in the estimation process when evaluating the ALLL. | |||||||||||||||||||||||||||||
Reserve for Unfunded Lending Commitments | |||||||||||||||||||||||||||||
We also estimate a reserve for potential losses associated with off-balance sheet commitments and standby letters of credit. We determine the RULC using the same procedures and methodologies that we use for the ALLL. The loss factors used in the RULC are the same as the loss factors used in the ALLL, and the qualitative adjustments used in the RULC are the same as the qualitative adjustments used in the ALLL. We adjust the Company’s unfunded lending commitments that are not unconditionally cancelable to an outstanding amount equivalent using credit conversion factors and we apply the loss factors to the outstanding equivalents. | |||||||||||||||||||||||||||||
Changes in ACL Assumptions | |||||||||||||||||||||||||||||
We regularly evaluate the appropriateness of our loss estimation methods to reduce differences between estimated incurred losses and actual losses. During the third quarter of 2013, we changed certain assumptions, including the credit conversion factors, in our RULC estimation process, specifically the rate at which unfunded commitments are likely to convert into funded balances. This change resulted in a decrease of $18.4 million to the provision for unfunded lending commitments during that quarter. Additionally during the third quarter of 2013, we made refinements to our risk grading methodology for certain smaller balance loans to be more consistent with regulatory guidance and the manner in which those loans are managed. These refinements decreased the classified loan balances by approximately $137 million and did not have a material effect on the overall level of the ACL or the provision for loan losses. | |||||||||||||||||||||||||||||
During the second quarter of 2013, we changed certain assumptions in our ACL estimation process including our loss migration model that we use to quantitatively estimate the ALLL and RULC for the commercial and commercial real estate segments. Prior to the second quarter of 2013, we used loss migration models based on loss experience over the most recent 60 months. During the second quarter of 2013 and subsequently, the loss migration models are based on loss experience from January 2008 through the most recent full quarter. We extended the period of loss experience to include the beginning of the year 2008 to encompass the last economic downturn period, as the improving charge-off rates experienced during recent periods may not be reflective of current incurred losses, given the environment of continued economic uncertainty. These refinements in the quantitative portion of the ACL did not have a material effect on the overall level of the ACL or the provision for loan losses. | |||||||||||||||||||||||||||||
Changes in the ACL are summarized as follows: | |||||||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||
(In thousands) | Commercial | Commercial | Consumer | FDIC- | Total | ||||||||||||||||||||||||
real estate | supported 1 | ||||||||||||||||||||||||||||
Allowance for loan losses | |||||||||||||||||||||||||||||
Balance at beginning of year | $ | 510,908 | $ | 276,976 | $ | 95,656 | $ | 12,547 | $ | 896,087 | |||||||||||||||||||
Additions: | |||||||||||||||||||||||||||||
Provision for loan losses | (5,640 | ) | (63,544 | ) | (19,100 | ) | 1,148 | (87,136 | ) | ||||||||||||||||||||
Adjustment for FDIC-supported loans | — | — | — | (11,237 | ) | (11,237 | ) | ||||||||||||||||||||||
Deductions: | |||||||||||||||||||||||||||||
Gross loan and lease charge-offs | (75,434 | ) | (24,609 | ) | (28,960 | ) | (1,794 | ) | (130,797 | ) | |||||||||||||||||||
Recoveries | 35,311 | 24,540 | 13,269 | 6,254 | 79,374 | ||||||||||||||||||||||||
Net loan and lease charge-offs | (40,123 | ) | (69 | ) | (15,691 | ) | 4,460 | (51,423 | ) | ||||||||||||||||||||
Balance at end of year | $ | 465,145 | $ | 213,363 | $ | 60,865 | $ | 6,918 | $ | 746,291 | |||||||||||||||||||
Reserve for unfunded lending commitments | |||||||||||||||||||||||||||||
Balance at beginning of year | $ | 67,374 | $ | 37,852 | $ | 1,583 | $ | — | $ | 106,809 | |||||||||||||||||||
Provision charged (credited) to earnings | (19,029 | ) | (367 | ) | 2,292 | — | (17,104 | ) | |||||||||||||||||||||
Balance at end of year | $ | 48,345 | $ | 37,485 | $ | 3,875 | $ | — | $ | 89,705 | |||||||||||||||||||
Total allowance for credit losses | |||||||||||||||||||||||||||||
Allowance for loan losses | $ | 465,145 | $ | 213,363 | $ | 60,865 | $ | 6,918 | $ | 746,291 | |||||||||||||||||||
Reserve for unfunded lending commitments | 48,345 | 37,485 | 3,875 | — | 89,705 | ||||||||||||||||||||||||
Total allowance for credit losses | $ | 513,490 | $ | 250,848 | $ | 64,740 | $ | 6,918 | $ | 835,996 | |||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||
(In thousands) | Commercial | Commercial | Consumer | FDIC- | Total | ||||||||||||||||||||||||
real estate | supported 1 | ||||||||||||||||||||||||||||
Allowance for loan losses | |||||||||||||||||||||||||||||
Balance at beginning of year | $ | 561,351 | $ | 343,747 | $ | 123,115 | $ | 23,472 | $ | 1,051,685 | |||||||||||||||||||
Additions: | |||||||||||||||||||||||||||||
Provision for loan losses | 16,808 | (18,982 | ) | 18,389 | (1,988 | ) | 14,227 | ||||||||||||||||||||||
Adjustment for FDIC-supported loans | — | — | — | (14,542 | ) | (14,542 | ) | ||||||||||||||||||||||
Deductions: | |||||||||||||||||||||||||||||
Gross loan and lease charge-offs | (117,506 | ) | (82,944 | ) | (60,273 | ) | (6,466 | ) | (267,189 | ) | |||||||||||||||||||
Recoveries | 50,255 | 35,155 | 14,425 | 12,071 | 111,906 | ||||||||||||||||||||||||
Net loan and lease charge-offs | (67,251 | ) | (47,789 | ) | (45,848 | ) | 5,605 | (155,283 | ) | ||||||||||||||||||||
Balance at end of year | $ | 510,908 | $ | 276,976 | $ | 95,656 | $ | 12,547 | $ | 896,087 | |||||||||||||||||||
Reserve for unfunded lending commitments | |||||||||||||||||||||||||||||
Balance at beginning of year | $ | 77,232 | $ | 23,572 | $ | 1,618 | $ | — | $ | 102,422 | |||||||||||||||||||
Provision charged (credited) to earnings | (9,858 | ) | 14,280 | (35 | ) | — | 4,387 | ||||||||||||||||||||||
Balance at end of year | $ | 67,374 | $ | 37,852 | $ | 1,583 | $ | — | $ | 106,809 | |||||||||||||||||||
Total allowance for credit losses | |||||||||||||||||||||||||||||
Allowance for loan losses | $ | 510,908 | $ | 276,976 | $ | 95,656 | $ | 12,547 | $ | 896,087 | |||||||||||||||||||
Reserve for unfunded lending commitments | 67,374 | 37,852 | 1,583 | — | 106,809 | ||||||||||||||||||||||||
Total allowance for credit losses | $ | 578,282 | $ | 314,828 | $ | 97,239 | $ | 12,547 | $ | 1,002,896 | |||||||||||||||||||
1 The Purchased Loans section following contains further discussion related to FDIC-supported loans. | |||||||||||||||||||||||||||||
During the first quarter of 2013, we modified the reporting of certain ALLL balances in the previous schedules. This change in reporting resulted in the reclassification of approximately $83.2 million at December 31, 2012 of ALLL balances from the commercial to the commercial real estate loan segments. There was no change to the methodology or assumptions used to estimate the ALLL, nor was the change the result of any changes in credit quality. | |||||||||||||||||||||||||||||
The ALLL and outstanding loan balances according to the Company’s impairment method are summarized as follows: | |||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||
(In thousands) | Commercial | Commercial | Consumer | FDIC- | Total | ||||||||||||||||||||||||
real estate | supported | ||||||||||||||||||||||||||||
Allowance for loan losses | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 39,288 | $ | 12,510 | $ | 10,701 | $ | — | $ | 62,499 | |||||||||||||||||||
Collectively evaluated for impairment | 425,857 | 200,853 | 50,164 | 392 | 677,266 | ||||||||||||||||||||||||
Purchased loans with evidence of credit deterioration | — | — | — | 6,526 | 6,526 | ||||||||||||||||||||||||
Total | $ | 465,145 | $ | 213,363 | $ | 60,865 | $ | 6,918 | $ | 746,291 | |||||||||||||||||||
Outstanding loan balances | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 315,604 | $ | 262,907 | $ | 101,545 | $ | 1,224 | $ | 681,280 | |||||||||||||||||||
Collectively evaluated for impairment | 20,440,021 | 9,925,751 | 7,647,266 | 37,963 | 38,051,001 | ||||||||||||||||||||||||
Purchased loans with evidence of credit deterioration | — | — | — | 311,084 | 311,084 | ||||||||||||||||||||||||
Total | $ | 20,755,625 | $ | 10,188,658 | $ | 7,748,811 | $ | 350,271 | $ | 39,043,365 | |||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
(In thousands) | Commercial | Commercial | Consumer | FDIC- | Total | ||||||||||||||||||||||||
real estate | supported | ||||||||||||||||||||||||||||
Allowance for loan losses | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 30,587 | $ | 22,295 | $ | 13,758 | $ | — | $ | 66,640 | |||||||||||||||||||
Collectively evaluated for impairment | 480,321 | 254,681 | 81,898 | 422 | 817,322 | ||||||||||||||||||||||||
Purchased loans with evidence of credit deterioration | — | — | — | 12,125 | 12,125 | ||||||||||||||||||||||||
Total | $ | 510,908 | $ | 276,976 | $ | 95,656 | $ | 12,547 | $ | 896,087 | |||||||||||||||||||
Outstanding loan balances | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 353,380 | $ | 437,647 | $ | 112,320 | $ | 1,149 | $ | 904,496 | |||||||||||||||||||
Collectively evaluated for impairment | 19,409,343 | 9,564,585 | 7,259,731 | 57,896 | 36,291,555 | ||||||||||||||||||||||||
Purchased loans with evidence of credit deterioration | — | — | — | 469,196 | 469,196 | ||||||||||||||||||||||||
Total | $ | 19,762,723 | $ | 10,002,232 | $ | 7,372,051 | $ | 528,241 | $ | 37,665,247 | |||||||||||||||||||
Nonaccrual and Past Due Loans | |||||||||||||||||||||||||||||
Loans are generally placed on nonaccrual status when payment in full of principal and interest is not expected, or the loan is 90 days or more past due as to principal or interest, unless the loan is both well secured and in the process of collection. Factors we consider in determining whether a loan is placed on nonaccrual include delinquency status, collateral value, borrower or guarantor financial statement information, bankruptcy status, and other information which would indicate that the full and timely collection of interest and principal is uncertain. | |||||||||||||||||||||||||||||
A nonaccrual loan may be returned to accrual status when all delinquent interest and principal become current in accordance with the terms of the loan agreement; the loan, if secured, is well secured; the borrower has paid according to the contractual terms for a minimum of six months; and analysis of the borrower indicates a reasonable assurance of the ability and willingness to maintain payments. Payments received on nonaccrual loans are applied as a reduction to the principal outstanding. | |||||||||||||||||||||||||||||
Closed-end loans with payments scheduled monthly are reported as past due when the borrower is in arrears for two or more monthly payments. Similarly, open-end credit such as charge-card plans and other revolving credit plans are reported as past due when the minimum payment has not been made for two or more billing cycles. Other multi-payment obligations (i.e., quarterly, semiannual, etc.), single payment, and demand notes are reported as past due when either principal or interest is due and unpaid for a period of 30 days or more. | |||||||||||||||||||||||||||||
Nonaccrual loans are summarized as follows: | |||||||||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||||||
(In thousands) | 2013 | 2012 | |||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 97,960 | $ | 90,859 | |||||||||||||||||||||||||
Leasing | 757 | 838 | |||||||||||||||||||||||||||
Owner occupied | 136,281 | 206,031 | |||||||||||||||||||||||||||
Municipal | 9,986 | 9,234 | |||||||||||||||||||||||||||
Total commercial | 244,984 | 306,962 | |||||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Construction and land development | 29,205 | 107,658 | |||||||||||||||||||||||||||
Term | 60,380 | 124,615 | |||||||||||||||||||||||||||
Total commercial real estate | 89,585 | 232,273 | |||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||
Home equity credit line | 8,969 | 14,247 | |||||||||||||||||||||||||||
1-4 family residential | 53,002 | 70,180 | |||||||||||||||||||||||||||
Construction and other consumer real estate | 3,510 | 4,560 | |||||||||||||||||||||||||||
Bankcard and other revolving plans | 1,365 | 1,190 | |||||||||||||||||||||||||||
Other | 804 | 1,398 | |||||||||||||||||||||||||||
Total consumer loans | 67,650 | 91,575 | |||||||||||||||||||||||||||
FDIC-supported loans | 4,394 | 17,343 | |||||||||||||||||||||||||||
Total | $ | 406,613 | $ | 648,153 | |||||||||||||||||||||||||
Past due loans (accruing and nonaccruing) are summarized as follows: | |||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||
(In thousands) | Current | 30-89 days | 90+ days | Total | Total | Accruing | Nonaccrual | ||||||||||||||||||||||
past due | past due | past due | loans | loans | loans | ||||||||||||||||||||||||
90+ days | that are | ||||||||||||||||||||||||||||
past due | current1 | ||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 12,387,546 | $ | 48,811 | $ | 44,726 | $ | 93,537 | $ | 12,481,083 | $ | 1,855 | $ | 52,412 | |||||||||||||||
Leasing | 387,526 | 173 | 230 | 403 | 387,929 | 36 | 563 | ||||||||||||||||||||||
Owner occupied | 7,357,618 | 36,718 | 42,859 | 79,577 | 7,437,195 | 744 | 82,072 | ||||||||||||||||||||||
Municipal | 440,608 | 3,307 | 5,503 | 8,810 | 449,418 | — | 1,176 | ||||||||||||||||||||||
Total commercial | 20,573,298 | 89,009 | 93,318 | 182,327 | 20,755,625 | 2,635 | 136,223 | ||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Construction and land development | 2,162,018 | 8,967 | 11,836 | 20,803 | 2,182,821 | 23 | 17,311 | ||||||||||||||||||||||
Term | 7,971,327 | 15,362 | 19,148 | 34,510 | 8,005,837 | 5,580 | 42,624 | ||||||||||||||||||||||
Total commercial real estate | 10,133,345 | 24,329 | 30,984 | 55,313 | 10,188,658 | 5,603 | 59,935 | ||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||
Home equity credit line | 2,122,549 | 8,001 | 2,570 | 10,571 | 2,133,120 | 98 | 2,868 | ||||||||||||||||||||||
1-4 family residential | 4,704,852 | 8,526 | 23,287 | 31,813 | 4,736,665 | 667 | 27,592 | ||||||||||||||||||||||
Construction and other consumer real estate | 322,807 | 1,038 | 1,077 | 2,115 | 324,922 | — | 2,232 | ||||||||||||||||||||||
Bankcard and other revolving plans | 353,060 | 2,093 | 1,087 | 3,180 | 356,240 | 900 | 1,105 | ||||||||||||||||||||||
Other | 196,327 | 827 | 710 | 1,537 | 197,864 | 54 | 125 | ||||||||||||||||||||||
Total consumer loans | 7,699,595 | 20,485 | 28,731 | 49,216 | 7,748,811 | 1,719 | 33,922 | ||||||||||||||||||||||
FDIC-supported loans | 305,709 | 12,026 | 32,536 | 44,562 | 350,271 | 30,391 | 1,975 | ||||||||||||||||||||||
Total | $ | 38,711,947 | $ | 145,849 | $ | 185,569 | $ | 331,418 | $ | 39,043,365 | $ | 40,348 | $ | 232,055 | |||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
(In thousands) | Current | 30-89 days | 90+ days | Total | Total | Accruing | Nonaccrual | ||||||||||||||||||||||
past due | past due | past due | loans | loans | loans | ||||||||||||||||||||||||
90+ days | that are | ||||||||||||||||||||||||||||
past due | current1 | ||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 11,124,639 | $ | 73,555 | $ | 58,751 | $ | 132,306 | $ | 11,256,945 | $ | 4,013 | $ | 32,389 | |||||||||||||||
Leasing | 421,590 | 115 | 808 | 923 | 422,513 | — | — | ||||||||||||||||||||||
Owner occupied | 7,447,083 | 56,504 | 85,495 | 141,999 | 7,589,082 | 1,822 | 100,835 | ||||||||||||||||||||||
Municipal | 494,183 | — | — | — | 494,183 | — | 9,234 | ||||||||||||||||||||||
Total commercial | 19,487,495 | 130,174 | 145,054 | 275,228 | 19,762,723 | 5,835 | 142,458 | ||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Construction and land development | 1,836,284 | 66,139 | 36,990 | 103,129 | 1,939,413 | 853 | 50,044 | ||||||||||||||||||||||
Term | 7,984,819 | 24,730 | 53,270 | 78,000 | 8,062,819 | 107 | 54,546 | ||||||||||||||||||||||
Total commercial real estate | 9,821,103 | 90,869 | 90,260 | 181,129 | 10,002,232 | 960 | 104,590 | ||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||
Home equity credit line | 2,169,722 | 4,036 | 3,922 | 7,958 | 2,177,680 | — | 8,846 | ||||||||||||||||||||||
1-4 family residential | 4,282,611 | 24,060 | 43,658 | 67,718 | 4,350,329 | 1,423 | 21,945 | ||||||||||||||||||||||
Construction and other consumer real estate | 314,931 | 4,344 | 1,960 | 6,304 | 321,235 | 395 | 2,500 | ||||||||||||||||||||||
Bankcard and other revolving plans | 302,587 | 2,439 | 1,402 | 3,841 | 306,428 | 1,010 | 721 | ||||||||||||||||||||||
Other | 213,930 | 1,411 | 1,038 | 2,449 | 216,379 | 107 | 275 | ||||||||||||||||||||||
Total consumer loans | 7,283,781 | 36,290 | 51,980 | 88,270 | 7,372,051 | 2,935 | 34,287 | ||||||||||||||||||||||
FDIC-supported loans | 454,333 | 12,407 | 61,501 | 73,908 | 528,241 | 52,033 | 7,393 | ||||||||||||||||||||||
Total | $ | 37,046,712 | $ | 269,740 | $ | 348,795 | $ | 618,535 | $ | 37,665,247 | $ | 61,763 | $ | 288,728 | |||||||||||||||
1 Represents nonaccrual loans not past due more than 30 days; however, full payment of principal and interest is still not expected. | |||||||||||||||||||||||||||||
Credit Quality Indicators | |||||||||||||||||||||||||||||
In addition to the past due and nonaccrual criteria, we also analyze loans using a loan grading system. We generally assign internal grades to loans with commitments less than $750,000 based on the performance of those loans. Performance-based grades follow our definitions of Pass, Special Mention, Substandard, and Doubtful, which are consistent with published definitions of regulatory risk classifications. | |||||||||||||||||||||||||||||
Definitions of Pass, Special Mention, Substandard, and Doubtful are summarized as follows: | |||||||||||||||||||||||||||||
Pass – A Pass asset is higher quality and does not fit any of the other categories described below. The likelihood of loss is considered remote. | |||||||||||||||||||||||||||||
Special Mention – A Special Mention asset has potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the asset or in the bank’s credit position at some future date. | |||||||||||||||||||||||||||||
Substandard – A Substandard asset is inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Assets so classified have well defined weaknesses and are characterized by the distinct possibility that the bank may sustain some loss if deficiencies are not corrected. | |||||||||||||||||||||||||||||
Doubtful – A Doubtful asset has all the weaknesses inherent in a Substandard asset with the added characteristics that the weaknesses make collection or liquidation in full highly questionable. | |||||||||||||||||||||||||||||
We generally assign internal risk grades to commercial and CRE loans with commitments equal to or greater than $750,000 based on financial and statistical models, individual credit analysis, and loan officer judgment. For these larger loans, we assign multiple grades within the Pass classification or one of the following four grades: Special Mention, Substandard, Doubtful, and Loss. Loss indicates that the outstanding balance has been charged off. We confirm our internal risk grades quarterly, or as soon as we identify information that affects the credit risk of the loan. | |||||||||||||||||||||||||||||
For consumer and small commercial loans, we generally assign internal risk grades similar to those described previously based on automated rules that depend on refreshed credit scores, payment performance, and other risk indicators. These are generally assigned either a Pass, Special Mention, or Substandard grade and are reviewed as we identify information that might warrant a downgrade. During the third quarter of 2013, we refined our risk grading methodology for certain smaller balance loans. | |||||||||||||||||||||||||||||
Outstanding loan balances (accruing and nonaccruing) categorized by these credit quality indicators are summarized as follows: | |||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||
(In thousands) | Pass | Special | Sub- | Doubtful | Total | Total | |||||||||||||||||||||||
Mention | standard | loans | allowance | ||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 11,807,825 | $ | 303,598 | $ | 360,391 | $ | 9,269 | $ | 12,481,083 | |||||||||||||||||||
Leasing | 380,268 | 2,050 | 5,611 | — | 387,929 | ||||||||||||||||||||||||
Owner occupied | 6,827,464 | 184,328 | 425,403 | — | 7,437,195 | ||||||||||||||||||||||||
Municipal | 439,432 | — | 9,986 | — | 449,418 | ||||||||||||||||||||||||
Total commercial | 19,454,989 | 489,976 | 801,391 | 9,269 | 20,755,625 | $ | 465,145 | ||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Construction and land development | 2,107,828 | 15,010 | 59,983 | — | 2,182,821 | ||||||||||||||||||||||||
Term | 7,569,472 | 172,856 | 263,509 | — | 8,005,837 | ||||||||||||||||||||||||
Total commercial real estate | 9,677,300 | 187,866 | 323,492 | — | 10,188,658 | 213,363 | |||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||
Home equity credit line | 2,111,475 | — | 21,645 | — | 2,133,120 | ||||||||||||||||||||||||
1-4 family residential | 4,668,841 | — | 67,824 | — | 4,736,665 | ||||||||||||||||||||||||
Construction and other consumer real estate | 313,881 | — | 11,041 | — | 324,922 | ||||||||||||||||||||||||
Bankcard and other revolving plans | 353,618 | — | 2,622 | — | 356,240 | ||||||||||||||||||||||||
Other | 196,770 | — | 1,094 | — | 197,864 | ||||||||||||||||||||||||
Total consumer loans | 7,644,585 | — | 104,226 | — | 7,748,811 | 60,865 | |||||||||||||||||||||||
FDIC-supported loans | 232,893 | 22,532 | 94,846 | — | 350,271 | 6,918 | |||||||||||||||||||||||
Total | $ | 37,009,767 | $ | 700,374 | $ | 1,323,955 | $ | 9,269 | $ | 39,043,365 | $ | 746,291 | |||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
(In thousands) | Pass | Special | Sub- | Doubtful | Total | Total | |||||||||||||||||||||||
Mention | standard | loans | allowance | ||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 10,717,594 | $ | 198,645 | $ | 336,230 | $ | 4,476 | $ | 11,256,945 | |||||||||||||||||||
Leasing | 419,482 | 226 | 2,805 | — | 422,513 | ||||||||||||||||||||||||
Owner occupied | 6,833,923 | 138,539 | 612,011 | 4,609 | 7,589,082 | ||||||||||||||||||||||||
Municipal | 453,193 | 31,756 | 9,234 | — | 494,183 | ||||||||||||||||||||||||
Total commercial | 18,424,192 | 369,166 | 960,280 | 9,085 | 19,762,723 | $ | 510,908 | ||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Construction and land development | 1,648,215 | 57,348 | 233,374 | 476 | 1,939,413 | ||||||||||||||||||||||||
Term | 7,433,789 | 237,201 | 388,914 | 2,915 | 8,062,819 | ||||||||||||||||||||||||
Total commercial real estate | 9,082,004 | 294,549 | 622,288 | 3,391 | 10,002,232 | 276,976 | |||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||
Home equity credit line | 2,138,693 | 85 | 38,897 | 5 | 2,177,680 | ||||||||||||||||||||||||
1-4 family residential | 4,234,426 | 4,316 | 111,063 | 524 | 4,350,329 | ||||||||||||||||||||||||
Construction and other consumer real estate | 313,499 | 218 | 7,518 | — | 321,235 | ||||||||||||||||||||||||
Bankcard and other revolving plans | 298,665 | 23 | 7,740 | — | 306,428 | ||||||||||||||||||||||||
Other | 209,293 | 3,211 | 3,875 | — | 216,379 | ||||||||||||||||||||||||
Total consumer loans | 7,194,576 | 7,853 | 169,093 | 529 | 7,372,051 | 95,656 | |||||||||||||||||||||||
FDIC-supported loans | 327,609 | 24,980 | 175,652 | — | 528,241 | 12,547 | |||||||||||||||||||||||
Total | $ | 35,028,381 | $ | 696,548 | $ | 1,927,313 | $ | 13,005 | $ | 37,665,247 | $ | 896,087 | |||||||||||||||||
Impaired Loans | |||||||||||||||||||||||||||||
Loans are considered impaired when, based on current information and events, it is probable that we will be unable to collect all amounts due in accordance with the contractual terms of the loan agreement, including scheduled interest payments. For our non-purchased credit impaired loans, if a nonaccrual loan has a balance greater than $1 million or if a loan is a troubled debt restructuring (“TDR”), including TDRs that subsequently default, we evaluate the loan for impairment and estimate a specific reserve for the loan for all portfolio segments under applicable accounting guidance. Smaller nonaccrual loans are pooled for ALLL estimation purposes. PCI loans in our FDIC-supported portfolio segment are included in impaired loans and are accounted for under separate accounting guidance. See subsequent discussion under Purchased Loans. | |||||||||||||||||||||||||||||
When a loan is impaired, we estimate a specific reserve for the loan based on the projected present value of the loan’s future cash flows discounted at the loan’s effective interest rate, the observable market price of the loan, or the fair value of the loan’s underlying collateral less the cost to sell. The process of estimating future cash flows also incorporates the same determining factors discussed previously under nonaccrual loans. When we base the impairment amount on the fair value of the loan’s underlying collateral, we generally charge off the portion of the balance that is impaired, such that these loans do not have a specific reserve in the ALLL. Payments received on impaired loans that are accruing are recognized in interest income, according to the contractual loan agreement. Payments received on impaired loans that are on nonaccrual are not recognized in interest income, but are applied as a reduction to the principal outstanding. The amount of interest income recognized on a cash basis during the time the loans were impaired within the years ended December 31, 2013 and 2012 was not significant. | |||||||||||||||||||||||||||||
Information on all impaired loans is summarized as follows, including the average recorded investment and interest income recognized for the years ended December 31, 2013 and 2012: | |||||||||||||||||||||||||||||
December 31, 2013 | Year Ended | ||||||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||
(In thousands) | Unpaid | Recorded investment | Total | Related | Average | Interest | |||||||||||||||||||||||
principal | recorded | allowance | recorded | income | |||||||||||||||||||||||||
balance | with no | with | investment | investment | recognized | ||||||||||||||||||||||||
allowance | allowance | ||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 178,281 | $ | 30,092 | $ | 126,692 | $ | 156,784 | $ | 23,687 | $ | 185,895 | $ | 3,572 | |||||||||||||||
Owner occupied | 151,499 | 50,361 | 88,584 | 138,945 | 13,900 | 216,218 | 3,620 | ||||||||||||||||||||||
Total commercial | 329,780 | 80,453 | 215,276 | 295,729 | 37,587 | 402,113 | 7,192 | ||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Construction and land development | 85,440 | 19,206 | 50,744 | 69,950 | 3,483 | 134,540 | 4,013 | ||||||||||||||||||||||
Term | 171,826 | 34,258 | 112,330 | 146,588 | 7,981 | 286,389 | 6,686 | ||||||||||||||||||||||
Total commercial real estate | 257,266 | 53,464 | 163,074 | 216,538 | 11,464 | 420,929 | 10,699 | ||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||
Home equity credit line | 17,547 | 12,568 | 2,200 | 14,768 | 178 | 13,380 | 385 | ||||||||||||||||||||||
1-4 family residential | 95,613 | 38,775 | 42,132 | 80,907 | 10,276 | 100,283 | 1,581 | ||||||||||||||||||||||
Construction and other consumer real estate | 4,713 | 2,643 | 933 | 3,576 | 175 | 6,218 | 148 | ||||||||||||||||||||||
Bankcard and other revolving plans | 726 | 726 | — | 726 | — | — | — | ||||||||||||||||||||||
Other | — | — | — | — | — | 1,770 | — | ||||||||||||||||||||||
Total consumer loans | 118,599 | 54,712 | 45,265 | 99,977 | 10,629 | 121,651 | 2,114 | ||||||||||||||||||||||
FDIC-supported loans | 404,308 | 83,917 | 228,392 | 312,309 | 6,526 | 384,402 | 112,082 | 1 | |||||||||||||||||||||
Total | $ | 1,109,953 | $ | 272,546 | $ | 652,007 | $ | 924,553 | $ | 66,206 | $ | 1,329,095 | $ | 132,087 | |||||||||||||||
December 31, 2012 | Year Ended | ||||||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||
(In thousands) | Unpaid | Recorded investment | Total | Related | Average | Interest | |||||||||||||||||||||||
principal | recorded | allowance | recorded | income | |||||||||||||||||||||||||
balance | with no | with | investment | investment | recognized | ||||||||||||||||||||||||
allowance | allowance | ||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 176,521 | $ | 27,035 | $ | 119,780 | $ | 146,815 | $ | 12,198 | $ | 199,238 | $ | 3,557 | |||||||||||||||
Owner occupied | 210,319 | 79,413 | 106,282 | 185,695 | 17,105 | 262,511 | 2,512 | ||||||||||||||||||||||
Total commercial | 386,840 | 106,448 | 226,062 | 332,510 | 29,303 | 461,749 | 6,069 | ||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Construction and land development | 182,385 | 67,241 | 85,855 | 153,096 | 5,178 | 274,226 | 4,785 | ||||||||||||||||||||||
Term | 310,242 | 70,718 | 187,112 | 257,830 | 16,725 | 410,901 | 7,298 | ||||||||||||||||||||||
Total commercial real estate | 492,627 | 137,959 | 272,967 | 410,926 | 21,903 | 685,127 | 12,083 | ||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||
Home equity credit line | 14,339 | 8,055 | 3,444 | 11,499 | 297 | 2,766 | 42 | ||||||||||||||||||||||
1-4 family residential | 108,934 | 42,602 | 49,867 | 92,469 | 12,921 | 107,118 | 1,629 | ||||||||||||||||||||||
Construction and other consumer real estate | 7,054 | 2,710 | 3,085 | 5,795 | 517 | 9,697 | 188 | ||||||||||||||||||||||
Bankcard and other revolving plans | 287 | — | 287 | 287 | 1 | 24 | — | ||||||||||||||||||||||
Other | 2,454 | 1,832 | 175 | 2,007 | 22 | 1,055 | — | ||||||||||||||||||||||
Total consumer loans | 133,068 | 55,199 | 56,858 | 112,057 | 13,758 | 120,660 | 1,859 | ||||||||||||||||||||||
FDIC-supported loans | 895,804 | 275,187 | 195,158 | 470,345 | 12,125 | 622,125 | 89,921 | 1 | |||||||||||||||||||||
Total | $ | 1,908,339 | $ | 574,793 | $ | 751,045 | $ | 1,325,838 | $ | 77,089 | $ | 1,889,661 | $ | 109,932 | |||||||||||||||
1 | The balance of interest income recognized results primarily from accretion of interest income on impaired FDIC-supported loans. | ||||||||||||||||||||||||||||
Modified and Restructured Loans | |||||||||||||||||||||||||||||
Loans may be modified in the normal course of business for competitive reasons or to strengthen the Company’s position. Loan modifications and restructurings may also occur when the borrower experiences financial difficulty and needs temporary or permanent relief from the original contractual terms of the loan. These modifications are structured on a loan-by-loan basis and, depending on the circumstances, may include extended payment terms, a modified interest rate, forgiveness of principal, or other concessions. Loans that have been modified to accommodate a borrower who is experiencing financial difficulties, and for which the Company has granted a concession that it would not otherwise consider, are considered TDRs. | |||||||||||||||||||||||||||||
We consider many factors in determining whether to agree to a loan modification involving concessions, and seek a solution that will both minimize potential loss to the Company and attempt to help the borrower. We evaluate borrowers’ current and forecasted future cash flows, their ability and willingness to make current contractual or proposed modified payments, the value of the underlying collateral (if applicable), the possibility of obtaining additional security or guarantees, and the potential costs related to a repossession or foreclosure and the subsequent sale of the collateral. | |||||||||||||||||||||||||||||
TDRs are classified as either accrual or nonaccrual loans. A loan on nonaccrual and restructured as a TDR will remain on nonaccrual status until the borrower has proven the ability to perform under the modified structure for a minimum of six months, and there is evidence that such payments can and are likely to continue as agreed. Performance prior to the restructuring, or significant events that coincide with the restructuring, are included in assessing whether the borrower can meet the new terms and may result in the loan being returned to accrual at the time of restructuring or after a shorter performance period. If the borrower’s ability to meet the revised payment schedule is uncertain, the loan remains classified as a nonaccrual loan. A TDR loan that specifies an interest rate that at the time of the restructuring is greater than or equal to the rate the bank is willing to accept for a new loan with comparable risk may not be reported as a TDR or an impaired loan in the calendar years subsequent to the restructuring if it is in compliance with its modified terms. | |||||||||||||||||||||||||||||
Selected information on TDRs at year-end that includes the recorded investment on an accruing and nonaccruing basis by loan class and modification type is summarized in the following schedules: | |||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||
Recorded investment resulting from the following modification types: | |||||||||||||||||||||||||||||
(In thousands) | Interest | Maturity | Principal | Payment | Other1 | Multiple | Total | ||||||||||||||||||||||
rate below | or term | forgiveness | deferral | modification | |||||||||||||||||||||||||
market | extension | types2 | |||||||||||||||||||||||||||
Accruing | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 1,143 | $ | 9,848 | $ | 11,491 | $ | 3,217 | $ | 4,308 | $ | 53,117 | $ | 83,124 | |||||||||||||||
Owner occupied | 22,841 | 1,482 | 987 | 1,291 | 9,659 | 23,576 | 59,836 | ||||||||||||||||||||||
Total commercial | 23,984 | 11,330 | 12,478 | 4,508 | 13,967 | 76,693 | 142,960 | ||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Construction and land development | 1,067 | 8,231 | — | 1,063 | 4,119 | 28,295 | 42,775 | ||||||||||||||||||||||
Term | 7,542 | 9,241 | 190 | 3,783 | 14,932 | 61,024 | 96,712 | ||||||||||||||||||||||
Total commercial real estate | 8,609 | 17,472 | 190 | 4,846 | 19,051 | 89,319 | 139,487 | ||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||
Home equity credit line | 743 | — | 9,438 | — | 323 | 332 | 10,836 | ||||||||||||||||||||||
1-4 family residential | 2,628 | 997 | 6,814 | 643 | 3,083 | 35,869 | 50,034 | ||||||||||||||||||||||
Construction and other consumer real estate | 128 | 329 | 11 | — | — | 1,514 | 1,982 | ||||||||||||||||||||||
Other | — | — | — | — | — | — | — | ||||||||||||||||||||||
Total consumer loans | 3,499 | 1,326 | 16,263 | 643 | 3,406 | 37,715 | 62,852 | ||||||||||||||||||||||
Total accruing | 36,092 | 30,128 | 28,931 | 9,997 | 36,424 | 203,727 | 345,299 | ||||||||||||||||||||||
Nonaccruing | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | 2,028 | 6,989 | — | 473 | 8,948 | 10,395 | 28,833 | ||||||||||||||||||||||
Owner occupied | 3,020 | 1,489 | 1,043 | 1,593 | 10,482 | 14,927 | 32,554 | ||||||||||||||||||||||
Total commercial | 5,048 | 8,478 | 1,043 | 2,066 | 19,430 | 25,322 | 61,387 | ||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Construction and land development | 11,699 | 1,555 | — | — | 5,303 | 8,617 | 27,174 | ||||||||||||||||||||||
Term | 2,126 | — | — | 1,943 | 315 | 14,861 | 19,245 | ||||||||||||||||||||||
Total commercial real estate | 13,825 | 1,555 | — | 1,943 | 5,618 | 23,478 | 46,419 | ||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||
Home equity credit line | — | — | 1,036 | — | 221 | — | 1,257 | ||||||||||||||||||||||
1-4 family residential | 4,315 | 1,396 | 1,606 | — | 3,901 | 14,109 | 25,327 | ||||||||||||||||||||||
Construction and other consumer real estate | 4 | 1,260 | — | — | — | 229 | 1,493 | ||||||||||||||||||||||
Bankcard and other revolving plans | — | 252 | — | — | — | — | 252 | ||||||||||||||||||||||
Other | — | — | — | — | — | — | — | ||||||||||||||||||||||
Total consumer loans | 4,319 | 2,908 | 2,642 | — | 4,122 | 14,338 | 28,329 | ||||||||||||||||||||||
Total nonaccruing | 23,192 | 12,941 | 3,685 | 4,009 | 29,170 | 63,138 | 136,135 | ||||||||||||||||||||||
Total | $ | 59,284 | $ | 43,069 | $ | 32,616 | $ | 14,006 | $ | 65,594 | $ | 266,865 | $ | 481,434 | |||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
Recorded investment resulting from the following modification types: | |||||||||||||||||||||||||||||
(In thousands) | Interest | Maturity | Principal | Payment | Other1 | Multiple | Total | ||||||||||||||||||||||
rate below | or term | forgiveness | deferral | modification | |||||||||||||||||||||||||
market | extension | types2 | |||||||||||||||||||||||||||
Accruing | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 5,388 | $ | 6,139 | $ | — | $ | 3,585 | $ | 17,647 | $ | 44,684 | $ | 77,443 | |||||||||||||||
Owner occupied | 20,963 | 12,104 | — | 4,013 | 9,305 | 13,598 | 59,983 | ||||||||||||||||||||||
Total commercial | 26,351 | 18,243 | — | 7,598 | 26,952 | 58,282 | 137,426 | ||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Construction and land development | 1,718 | 9,868 | 2 | 59 | 8,432 | 30,248 | 50,327 | ||||||||||||||||||||||
Term | 30,118 | 1,854 | 8,433 | 3,807 | 32,302 | 82,809 | 159,323 | ||||||||||||||||||||||
Total commercial real estate | 31,836 | 11,722 | 8,435 | 3,866 | 40,734 | 113,057 | 209,650 | ||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||
Home equity credit line | 744 | — | 5,965 | — | 300 | 218 | 7,227 | ||||||||||||||||||||||
1-4 family residential | 2,665 | 1,324 | 5,923 | 147 | 3,319 | 36,199 | 49,577 | ||||||||||||||||||||||
Construction and other consumer real estate | 147 | — | — | — | 641 | 2,354 | 3,142 | ||||||||||||||||||||||
Other | — | 3 | — | — | 1 | — | 4 | ||||||||||||||||||||||
Total consumer loans | 3,556 | 1,327 | 11,888 | 147 | 4,261 | 38,771 | 59,950 | ||||||||||||||||||||||
Total accruing | 61,743 | 31,292 | 20,323 | 11,611 | 71,947 | 210,110 | 407,026 | ||||||||||||||||||||||
Nonaccruing | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | 318 | 5,667 | — | 480 | 2,035 | 17,379 | 25,879 | ||||||||||||||||||||||
Owner occupied | 3,822 | 4,816 | 654 | 4,701 | 7,643 | 7,803 | 29,439 | ||||||||||||||||||||||
Total commercial | 4,140 | 10,483 | 654 | 5,181 | 9,678 | 25,182 | 55,318 | ||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Construction and land development | 18,255 | 1,308 | — | — | 1,807 | 68,481 | 89,851 | ||||||||||||||||||||||
Term | 3,042 | 536 | — | 2,645 | 9,389 | 17,718 | 33,330 | ||||||||||||||||||||||
Total commercial real estate | 21,297 | 1,844 | — | 2,645 | 11,196 | 86,199 | 123,181 | ||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||
Home equity credit line | — | — | 4,008 | — | 131 | 143 | 4,282 | ||||||||||||||||||||||
1-4 family residential | 4,697 | 5,637 | 4,048 | — | 1,693 | 14,240 | 30,315 | ||||||||||||||||||||||
Construction and other consumer real estate | 7 | 1,671 | — | — | — | 243 | 1,921 | ||||||||||||||||||||||
Bankcard and other revolving plans | — | 287 | — | — | — | — | 287 | ||||||||||||||||||||||
Other | — | — | — | 172 | — | — | 172 | ||||||||||||||||||||||
Total consumer loans | 4,704 | 7,595 | 8,056 | 172 | 1,824 | 14,626 | 36,977 | ||||||||||||||||||||||
Total nonaccruing | 30,141 | 19,922 | 8,710 | 7,998 | 22,698 | 126,007 | 215,476 | ||||||||||||||||||||||
Total | $ | 91,884 | $ | 51,214 | $ | 29,033 | $ | 19,609 | $ | 94,645 | $ | 336,117 | $ | 622,502 | |||||||||||||||
1 Includes TDRs that resulted from other modification types including, but not limited to, a legal judgment awarded on different terms, a bankruptcy plan confirmed on different terms, a settlement that includes the delivery of collateral in exchange for debt reduction, etc. | |||||||||||||||||||||||||||||
2 Includes TDRs that resulted from a combination of any of the previous modification types. | |||||||||||||||||||||||||||||
Unused commitments to extend credit on TDRs amounted to approximately $6 million at December 31, 2013 and $13 million at December 31, 2012. | |||||||||||||||||||||||||||||
The total recorded investment of all TDRs in which interest rates were modified below market was $172.6 million and $225.6 million at December 31, 2013 and 2012, respectively. These loans are included in the previous schedule in the columns for interest rate below market and multiple modification types. | |||||||||||||||||||||||||||||
The net financial impact on interest income due to interest rate modifications below market for accruing TDRs is summarized in the following schedule: | |||||||||||||||||||||||||||||
Year Ended | |||||||||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||||||
(In thousands) | 2013 | 2012 | |||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | (1 | ) | $ | (287 | ) | |||||||||||||||||||||||
Owner occupied | (4,672 | ) | (1,612 | ) | |||||||||||||||||||||||||
Total commercial | (4,673 | ) | (1,899 | ) | |||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Construction and land development | (1,342 | ) | (1,069 | ) | |||||||||||||||||||||||||
Term | (8,908 | ) | (6,664 | ) | |||||||||||||||||||||||||
Total commercial real estate | (10,250 | ) | (7,733 | ) | |||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||
Home equity credit line | (121 | ) | (86 | ) | |||||||||||||||||||||||||
1-4 family residential | (14,980 | ) | (16,164 | ) | |||||||||||||||||||||||||
Construction and other consumer real estate | (433 | ) | (674 | ) | |||||||||||||||||||||||||
Total consumer loans | (15,534 | ) | (16,924 | ) | |||||||||||||||||||||||||
Total decrease to interest income1 | $ | (30,457 | ) | $ | (26,556 | ) | |||||||||||||||||||||||
1 | Calculated based on the difference between the modified rate and the premodified rate applied to the recorded investment. | ||||||||||||||||||||||||||||
On an ongoing basis, we monitor the performance of all TDRs according to their restructured terms. Subsequent payment default is defined in terms of delinquency, when principal or interest payments are past due 90 days or more for commercial loans, or 60 days or more for consumer loans. | |||||||||||||||||||||||||||||
As of December 31, 2013, the recorded investment of accruing and nonaccruing TDRs that had a payment default during the year listed below (and are still in default at year-end) and are within 12 months or less of being modified as TDRs is as follows: | |||||||||||||||||||||||||||||
(In thousands) | 31-Dec-13 | 31-Dec-12 | |||||||||||||||||||||||||||
Accruing | Nonaccruing | Total | Accruing | Nonaccruing | Total | ||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | — | $ | — | $ | — | $ | — | $ | 1,816 | $ | 1,816 | |||||||||||||||||
Owner occupied | — | 430 | 430 | 159 | 679 | 838 | |||||||||||||||||||||||
Total commercial | — | 430 | 430 | 159 | 2,495 | 2,654 | |||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Construction and land development | — | 1,676 | 1,676 | — | — | — | |||||||||||||||||||||||
Term | — | — | — | — | — | — | |||||||||||||||||||||||
Total commercial real estate | — | 1,676 | 1,676 | — | — | — | |||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||
Home equity credit line | — | 342 | 342 | — | 336 | 336 | |||||||||||||||||||||||
1-4 family residential | — | 2,592 | 2,592 | — | 8,085 | 8,085 | |||||||||||||||||||||||
Total consumer loans | — | 2,934 | 2,934 | — | 8,421 | 8,421 | |||||||||||||||||||||||
Total | $ | — | $ | 5,040 | $ | 5,040 | $ | 159 | $ | 10,916 | $ | 11,075 | |||||||||||||||||
Note: Total loans modified as TDRs during the 12 months previous to December 31, 2013 and 2012 were $155.8 million and $174.0 million, respectively. | |||||||||||||||||||||||||||||
Concentrations of Credit Risk | |||||||||||||||||||||||||||||
We perform an ongoing analysis of our loan portfolio to evaluate whether there is any significant exposure to any concentrations of credit risk. These potential concentrations include, but are not limited to, individual borrowers, groups of borrowers, industries, geographies, collateral types, sponsors, etc. Such credit risks (whether on- or off-balance sheet) may occur when groups of borrowers or counterparties have similar economic characteristics and are similarly affected by changes in economic or other conditions. Credit risk also includes the loss that would be recognized subsequent to the reporting date if counterparties failed to perform as contracted. Our analysis as of December 31, 2013 concluded that no significant exposure exists from such credit risk concentrations. See Note 8 for a discussion of counterparty risk associated with the Company’s derivative transactions. | |||||||||||||||||||||||||||||
Purchased Loans | |||||||||||||||||||||||||||||
Background and Accounting | |||||||||||||||||||||||||||||
We purchase loans in the ordinary course of business and account for them and the related interest income based on their performing status at the time of acquisition. Purchased credit-impaired (“PCI”) loans have evidence of credit deterioration at the time of acquisition and it is probable that not all contractual payments will be collected. Interest income for PCI loans is accounted for on an expected cash flow basis. Certain other loans acquired by the Company that are not credit-impaired include loans with revolving privileges and are excluded from the PCI tabular disclosures following. Interest income for these loans is accounted for on a contractual cash flow basis. Certain acquired loans with similar characteristics such as risk exposure, type, size, etc., are grouped and accounted for in loan pools. | |||||||||||||||||||||||||||||
During 2009, CB&T and NSB acquired failed banks from the FDIC as receiver and entered into loss sharing agreements with the FDIC for the acquired loans and foreclosed assets. According to the agreements, the FDIC assumes 80% of credit losses up to a threshold specified for each acquisition and 95% above that threshold for a period of five years, or in 2014. The covered portfolio primarily consists of commercial loans. The agreements expire after ten years, or in 2019, for single family residential loans. The loans acquired from the FDIC are presented separately in the Company’s balance sheet as “FDIC-supported loans” and include both PCI and certain other acquired loans. Upon acquisition, in accordance with applicable accounting guidance, the acquired loans were recorded at their fair value without a corresponding ALLL. | |||||||||||||||||||||||||||||
Outstanding Balances and Accretable Yield | |||||||||||||||||||||||||||||
The outstanding balances of all required payments and the related carrying amounts for PCI loans are as follows: | |||||||||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||||||
(In thousands) | 2013 | 2012 | |||||||||||||||||||||||||||
Commercial | $ | 150,191 | $ | 227,414 | |||||||||||||||||||||||||
Commercial real estate | 233,720 | 382,068 | |||||||||||||||||||||||||||
Consumer | 28,608 | 41,398 | |||||||||||||||||||||||||||
Outstanding balance | $ | 412,519 | $ | 650,880 | |||||||||||||||||||||||||
Carrying amount | $ | 311,797 | $ | 472,040 | |||||||||||||||||||||||||
ALLL | 6,478 | 12,077 | |||||||||||||||||||||||||||
Carrying amount, net | $ | 305,319 | $ | 459,963 | |||||||||||||||||||||||||
At the time of acquisition of PCI loans, we determine the loan’s contractually required payments in excess of all cash flows expected to be collected as an amount that should not be accreted (nonaccretable difference). With respect to the cash flows expected to be collected, the portion representing the excess of the loan’s expected cash flows over our initial investment (accretable yield) is accreted into interest income on a level yield basis over the remaining expected life of the loan or pool of loans. The effects of estimated prepayments are considered in estimating the expected cash flows. | |||||||||||||||||||||||||||||
Certain PCI loans are not accounted for as previously described because the estimation of cash flows to be collected involves a high degree of uncertainty. Under these circumstances, the accounting guidance provides that interest income is recognized on a cash basis similar to the cost recovery methodology for nonaccrual loans. The net carrying amounts in the preceding schedule also include the amounts for these loans, which were not significant at December 31, 2013 and were approximately $12.2 million at December 31, 2012. | |||||||||||||||||||||||||||||
Changes in the accretable yield for PCI loans were as follows: | |||||||||||||||||||||||||||||
(In thousands) | 2013 | 2012 | |||||||||||||||||||||||||||
Balance at beginning of year | $ | 134,461 | $ | 184,679 | |||||||||||||||||||||||||
Accretion | (111,951 | ) | (89,849 | ) | |||||||||||||||||||||||||
Reclassification from nonaccretable difference | 36,467 | 30,632 | |||||||||||||||||||||||||||
Disposals and other | 18,551 | 8,999 | |||||||||||||||||||||||||||
Balance at end of year | $ | 77,528 | $ | 134,461 | |||||||||||||||||||||||||
Note: Amounts have been adjusted based on refinements to the original estimates of the accretable yield. Because of the estimation process required, we expect that additional adjustments to these amounts may be necessary in future periods. | |||||||||||||||||||||||||||||
The primary drivers of reclassification to accretable yield from nonaccretable difference and increases in disposals and other resulted primarily from (1) changes in estimated cash flows, (2) unexpected payments on nonaccrual loans, and (3) recoveries on zero balance loans pools. See subsequent discussion under changes in cash flow estimates. | |||||||||||||||||||||||||||||
ALLL Determination | |||||||||||||||||||||||||||||
For all acquired loans, the ALLL is only established for credit deterioration subsequent to the date of acquisition and represents our estimate of the inherent losses in excess of the book value of acquired loans. The ALLL for acquired loans is determined without giving consideration to the amounts recoverable from the FDIC through loss sharing agreements. These amounts recoverable are separately accounted for in the FDIC indemnification asset (“IA”) and are thus presented “gross” in the balance sheet. The FDIC IA is included in other assets in the balance sheet and is discussed subsequently. The ALLL is included in the overall ALLL in the balance sheet. The provision for loan losses is reported net of changes in the amounts recoverable under the loss sharing agreements. | |||||||||||||||||||||||||||||
During 2013, 2012 and 2011, we adjusted the ALLL for acquired loans by recording a negative provision for loan losses of $(10.1) million in 2013, $(16.5) million in 2012, and $(1.7) million in 2011. The provision is net of the ALLL reversals discussed subsequently. As separately discussed and in accordance with the loss sharing agreements, changes to the provision affect the net amounts recoverable from the FDIC and the balance of the FDIC IA. These adjustments, before FDIC indemnification, resulted in net recoveries of $4.8 million in 2013 and $8.6 million in 2012, and net charge offs of $7.1 million in 2011. | |||||||||||||||||||||||||||||
Changes in the provision for loan losses and related ALLL are driven in large part by the same factors that affect the changes in reclassification from nonaccretable difference to accretable yield, as discussed under changes in cash flow estimates. | |||||||||||||||||||||||||||||
Changes in Cash Flow Estimates | |||||||||||||||||||||||||||||
Over the life of the loan or loan pool, we continue to estimate cash flows expected to be collected. We evaluate quarterly at the balance sheet date whether the estimated present values of these loans using the effective interest rates have decreased below their carrying values. If so, we record a provision for loan losses. | |||||||||||||||||||||||||||||
For increases in carrying values that resulted from better-than-expected cash flows, we use such increases first to reverse any existing ALLL. During 2013, 2012, and 2011, total reversals to the ALLL, including the impact of increases in estimated cash flows, were $15.1 million in 2013 and $20.4 million in 2012. and $16.1 million in 2011. When there is no current ALLL, we increase the amount of accretable yield on a prospective basis over the remaining life of the loan and recognize this increase in interest income. Any related decrease to the FDIC IA is recorded through a charge to other noninterest expense. Changes that increase cash flows have been due primarily to (1) the enhanced economic status of borrowers compared to original evaluations, (2) improvements in the Southern California market where the majority of these loans were originated, and (3) stronger efforts by our credit officers and loan workout professionals to resolve problem loans. | |||||||||||||||||||||||||||||
The impact of increased cash flow estimates recognized in the statement of income for acquired loans with no ALLL was approximately $90.9 million in 2013, $58.5 million in 2012, and $78.4 million in 2011, of additional interest income, and $75.0 million in 2013, $46.2 million in 2012, and $56.6 million in 2011, of additional other noninterest expense due to the reduction of the FDIC IA. | |||||||||||||||||||||||||||||
FDIC Indemnification Asset | |||||||||||||||||||||||||||||
The amount of the FDIC IA was initially recorded at fair value using estimated cash flows based on credit adjustments for each loan or loan pool and the loss sharing reimbursement of 80% or 95%, as appropriate. The timing of the cash flows was adjusted to reflect our expectations to receive the FDIC reimbursements within the estimated loss period. Discount rates were based on U.S. Treasury rates or the AAA composite yield on investment grade bonds of similar maturity. As previously discussed, the amount is adjusted as actual loss experience is developed and estimated losses covered under the loss sharing agreements are updated. Estimated loan losses, if any, in excess of the amounts recoverable are reflected as period expenses through the provision for loan losses. | |||||||||||||||||||||||||||||
We account for any change in measurement of the IA due to a change in expected cash flows on the same basis as the change in the indemnified loans. Any amortization period for changes in value of the IA would be limited to the lesser of the term of the indemnification agreement or the remaining life of the indemnified loans. | |||||||||||||||||||||||||||||
Changes in the FDIC IA were as follows: | |||||||||||||||||||||||||||||
(In thousands) | 2013 | 2012 | |||||||||||||||||||||||||||
Balance at beginning of year | $ | 90,929 | $ | 133,810 | |||||||||||||||||||||||||
Amounts filed with the FDIC and collected or in process | 21,302 | 17,004 | |||||||||||||||||||||||||||
Net change in asset balance due to reestimation of projected cash flows 1 | (85,820 | ) | (59,885 | ) | |||||||||||||||||||||||||
Balance at end of year | $ | 26,411 | $ | 90,929 | |||||||||||||||||||||||||
1 | Negative amounts result from the accretion of loan balances based on increases in cash flow estimates on the underlying indemnified loans. | ||||||||||||||||||||||||||||
Any changes to the amortization rate of the FDIC IA are recognized immediately in the quarterly period the change in estimated cash flows is determined. All claims submitted to the FDIC have been reimbursed in a timely manner. |
Derivative_Instruments_And_Hed
Derivative Instruments And Hedging Activities | 12 Months Ended | |||||||||||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||||||||||
Summary of Derivative Instruments [Abstract] | ' | |||||||||||||||||||||||||||||||
Derivative Instruments And Hedging Activities | ' | |||||||||||||||||||||||||||||||
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES | ||||||||||||||||||||||||||||||||
We record all derivatives on the balance sheet at fair value. Note 21 discusses the process to estimate fair value for derivatives. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative and the resulting designation. Derivatives used to hedge the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives used to hedge the exposure to variability in expected cash flows, or other types of forecasted transactions, are considered cash flow hedges. Derivatives used to manage the exposure to risk, which can include total return swaps, are considered credit derivatives. When put in place after purchase of the asset(s) to be protected, these derivatives generally may not be designated as accounting hedges. See discussion following regarding the total return swap and estimation of its fair value. | ||||||||||||||||||||||||||||||||
For derivatives designated as fair value hedges, changes in the fair value of the derivative are recognized in earnings together with changes in the fair value of the related hedged item. The net amount, if any, representing hedge ineffectiveness, is reflected in earnings. In previous years, we used fair value hedges to manage interest rate exposure to certain long-term debt. These hedges have been terminated and their remaining balances are being amortized into earnings, as discussed subsequently. | ||||||||||||||||||||||||||||||||
For derivatives designated as cash flow hedges, the effective portion of changes in the fair value of the derivative are recorded in OCI and recognized in earnings when the hedged transaction affects earnings. The ineffective portion of changes in the fair value of cash flow hedges is recognized directly in earnings. | ||||||||||||||||||||||||||||||||
No derivatives have been designated for hedges of investments in foreign operations. | ||||||||||||||||||||||||||||||||
We assess the effectiveness of each hedging relationship by comparing the changes in fair value or cash flows on the derivative hedging instrument with the changes in fair value or cash flows on the designated hedged item or transaction. For derivatives not designated as accounting hedges, changes in fair value are recognized in earnings. | ||||||||||||||||||||||||||||||||
Our objectives in using derivatives are to add stability to interest income or expense, to modify the duration of specific assets or liabilities as we consider advisable, to manage exposure to interest rate movements or other identified risks, and/or to directly offset derivatives sold to our customers. To accomplish these objectives, we use interest rate swaps as part of our cash flow hedging strategy. These derivatives are used to hedge the variable cash flows associated with designated commercial loans. | ||||||||||||||||||||||||||||||||
Exposure to credit risk arises from the possibility of nonperformance by counterparties. These counterparties primarily consist of financial institutions that are well established and well capitalized. We control this credit risk through credit approvals, limits, pledges of collateral, and monitoring procedures. No losses on derivative instruments have occurred as a result of counterparty nonperformance. Nevertheless, the related credit risk is considered and measured when and where appropriate. | ||||||||||||||||||||||||||||||||
Our derivative contracts require us to pledge collateral for derivatives that are in a net liability position by greater than specified amounts. Certain of these derivative contracts contain credit-risk-related contingent features that include the requirement to maintain a minimum debt credit rating. We may be required to pledge additional collateral if a credit-risk-related feature were triggered, such as a downgrade of our credit rating. However, in past situations, not all counterparties have demanded that additional collateral be pledged when provided for under their contracts. At December 31, 2013, the fair value of our derivative liabilities was $68.4 million, for which we were required to pledge cash collateral of approximately $34.9 million in the normal course of business. If our credit rating were downgraded one notch by either Standard & Poor’s or Moody’s at December 31, 2013, the additional amount of collateral we could be required to pledge is $1.5 million. Since June 2013, as required by the Dodd-Frank Act, all new eligible derivatives entered into are cleared through a central clearinghouse. Derivatives that are centrally cleared do not have credit-risk-related features that require additional collateral if our credit rating is downgraded. | ||||||||||||||||||||||||||||||||
Interest rate swap agreements designated as cash flow hedges involve the receipt of fixed-rate amounts in exchange for variable-rate payments over the life of the agreements without exchange of the underlying principal amount. Derivatives not designated as accounting hedges, including basis swap agreements, are not speculative and are used to economically manage our exposure to interest rate movements and other identified risks, but do not meet the strict hedge accounting requirements. | ||||||||||||||||||||||||||||||||
Selected information with respect to notional amounts and recorded gross fair values at December 31, 2013 and 2012, and the related gain (loss) of derivative instruments for the years then ended is summarized as follows: | ||||||||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | |||||||||||||||||||||||||||||||
Notional | Fair value | Notional | Fair value | |||||||||||||||||||||||||||||
(In thousands) | amount | Other | Other | amount | Other | Other | ||||||||||||||||||||||||||
assets | liabilities | assets | liabilities | |||||||||||||||||||||||||||||
Derivatives designated as hedging instruments | ||||||||||||||||||||||||||||||||
Cash flow hedges 1: | ||||||||||||||||||||||||||||||||
Interest rate swaps | $ | 100,000 | $ | 202 | $ | 583 | $ | 150,000 | $ | 1,188 | $ | — | ||||||||||||||||||||
Total derivatives designated as hedging instruments | 100,000 | 202 | 583 | 150,000 | 1,188 | — | ||||||||||||||||||||||||||
Derivatives not designated as hedging instruments | ||||||||||||||||||||||||||||||||
Interest rate swaps | 65,850 | 420 | 421 | 98,524 | 1,043 | 1,047 | ||||||||||||||||||||||||||
Interest rate swaps for customers 2 | 2,902,776 | 55,447 | 54,688 | 2,607,603 | 79,579 | 82,926 | ||||||||||||||||||||||||||
Foreign exchange | 751,066 | 9,614 | 8,643 | 520,696 | 4,404 | 3,159 | ||||||||||||||||||||||||||
Total return swap | 1,159,686 | — | 4,062 | 1,159,686 | — | 5,127 | ||||||||||||||||||||||||||
Total derivatives not designated as hedging instruments | 4,879,378 | 65,481 | 67,814 | 4,386,509 | 85,026 | 92,259 | ||||||||||||||||||||||||||
Total derivatives | $ | 4,979,378 | $ | 65,683 | $ | 68,397 | $ | 4,536,509 | $ | 86,214 | $ | 92,259 | ||||||||||||||||||||
Year Ended December 31, 2013 | Year Ended December 31, 2012 | |||||||||||||||||||||||||||||||
Amount of derivative gain (loss) recognized/reclassified | ||||||||||||||||||||||||||||||||
(In thousands) | OCI | Reclassified | Noninterest | Offset to | OCI | Reclassified | Noninterest | Offset to | ||||||||||||||||||||||||
from AOCI | income | interest | from AOCI | income | interest | |||||||||||||||||||||||||||
to interest | (expense) | expense | to interest | (expense) | expense | |||||||||||||||||||||||||||
income | income | |||||||||||||||||||||||||||||||
Derivatives designated as hedging instruments | ||||||||||||||||||||||||||||||||
Asset derivatives | ||||||||||||||||||||||||||||||||
Cash flow hedges 1: | ||||||||||||||||||||||||||||||||
Interest rate swaps | $ | (225 | ) | $ | 2,647 | $ | 390 | $ | 13,062 | |||||||||||||||||||||||
(225 | ) | 2,647 | 3 | 390 | 13,062 | 3 | ||||||||||||||||||||||||||
Liability derivatives | ||||||||||||||||||||||||||||||||
Fair value hedges: | ||||||||||||||||||||||||||||||||
Terminated swaps on long-term debt | $ | 3,120 | $ | 3,054 | ||||||||||||||||||||||||||||
Total derivatives designated as hedging instruments | (225 | ) | 2,647 | 3,120 | 390 | 13,062 | 3,054 | |||||||||||||||||||||||||
Derivatives not designated as hedging instruments | ||||||||||||||||||||||||||||||||
Interest rate swaps | $ | (493 | ) | $ | (1,467 | ) | ||||||||||||||||||||||||||
Interest rate swaps for customers 2 | 10,918 | 7,858 | ||||||||||||||||||||||||||||||
Basis swaps | — | 18 | ||||||||||||||||||||||||||||||
Futures contracts | 2 | (13 | ) | |||||||||||||||||||||||||||||
Foreign exchange | 9,190 | 8,628 | ||||||||||||||||||||||||||||||
Total return swap | (21,753 | ) | (21,707 | ) | ||||||||||||||||||||||||||||
Total derivatives not designated as hedging instruments | (2,136 | ) | (6,683 | ) | ||||||||||||||||||||||||||||
Total derivatives | $ | (225 | ) | $ | 2,647 | $ | (2,136 | ) | $ | 3,120 | $ | 390 | $ | 13,062 | $ | (6,683 | ) | $ | 3,054 | |||||||||||||
Note: These schedules are not intended to present at any given time the Company’s long/short position with respect to its derivative contracts. | ||||||||||||||||||||||||||||||||
1 Amounts recognized in OCI and reclassified from AOCI represent the effective portion of the derivative gain (loss). | ||||||||||||||||||||||||||||||||
2 Amounts include both the customer swaps and the offsetting derivative contracts. | ||||||||||||||||||||||||||||||||
3 Amounts of $2.6 million for 2013 and $13.1 million for 2012 are the amounts of reclassification to earnings presented in the tabular changes of AOCI in Note 14. | ||||||||||||||||||||||||||||||||
At December 31, the fair values of derivative assets and liabilities were reduced (increased) by net credit valuation adjustments of $1.6 million and $(2.4) million in 2013, and $3.1 million and $(0.2) million in 2012, respectively. These adjustments are required to reflect both our own nonperformance risk and the respective counterparty’s nonperformance risk. | ||||||||||||||||||||||||||||||||
Under master netting arrangements, we offset fair value amounts recognized for the right to reclaim cash collateral (a receivable) or the obligation to return cash collateral (a payable) against recognized fair value amounts of derivatives executed with the same counterparty. At both December 31, 2013 and 2012, no cash collateral was used for such offsets. | ||||||||||||||||||||||||||||||||
We offer interest rate swaps to our customers to assist them in managing their exposure to changing interest rates. Upon issuance, all of these customer swaps are immediately “hedged” by offsetting derivative contracts, such that the Company minimizes its net risk exposure resulting from such transactions. Fee income from customer swaps is included in other service charges, commissions and fees. As with other derivative instruments, we have credit risk for any nonperformance by counterparties. | ||||||||||||||||||||||||||||||||
Options contracts were used to economically hedge certain interest rate exposures of previously used Eurodollar futures contracts. During 2012, all of the remaining options contracts expired after we terminated during 2011 all of the Eurodollar and federal funds futures contracts, or a net amount of approximately $9.5 billion. | ||||||||||||||||||||||||||||||||
The remaining balances of any derivative instruments terminated prior to maturity, including amounts in AOCI for swap hedges, are accreted or amortized to interest income or expense over the period to their previously stated maturity dates. | ||||||||||||||||||||||||||||||||
Amounts in AOCI are reclassified to interest income as interest is earned on variable rate loans and as amounts for terminated hedges are accreted or amortized to earnings. For the 12 months following December 31, 2013, we estimate that an additional $1.3 million will be reclassified. | ||||||||||||||||||||||||||||||||
Total Return Swap | ||||||||||||||||||||||||||||||||
On July 28, 2010, we entered into a total return swap (“TRS”) and related interest rate swaps with Deutsche Bank AG (“DB”) relating to a portfolio of $1.16 billion notional amount of our bank and insurance trust preferred CDOs. As a result of the TRS, DB assumed all of the credit risk of this CDO portfolio, providing timely payment of all scheduled payments of interest and principal when contractually due to the Company (without regard to acceleration or deferral events). The transaction reduced regulatory risk-weighted assets and improved the Company’s risk-based capital ratios. | ||||||||||||||||||||||||||||||||
The transaction did not qualify for hedge accounting and did not change the accounting for the underlying securities, including the quarterly analysis of OTTI and OCI. As a result, future potential OTTI, if any, associated with the underlying securities may not be offset by any valuation adjustment on the swap in the quarter in which OTTI is recognized, and OTTI changes could result in reductions in our regulatory capital ratios, which could be material. | ||||||||||||||||||||||||||||||||
The fair value of the TRS derivative liability was $4.1 million and $5.1 million at December 31, 2013 and 2012, respectively. | ||||||||||||||||||||||||||||||||
Both the fair values of the securities and the fair value of the TRS are dependent upon the projected credit-adjusted cash flows of the securities. The Company is able to cancel the transaction once each calendar quarter; if the TRS were canceled, no further costs would be incurred beyond the quarter of cancellation. Accordingly, absent major changes in these projected cash flows, we expect the value of the TRS liability to continue to approximate its December 31, 2013 fair value. We expect to incur subsequent net quarterly costs of approximately $5.4 million under the TRS, including related interest rate swaps and scheduled payments of interest on the underlying CDOs, as long as the TRS remains in place for this CDO portfolio. Our estimated quarterly expense amount would be impacted by, among other things, changes in the composition of the CDO portfolio included in the transaction and changes over time in the forward London Interbank Offered Rate (“LIBOR”) rate curve. The Company’s costs are also subject to adjustment in the event of future changes in regulatory requirements applicable to DB if we do not then elect to terminate the transaction. Termination by the Company for such regulatory changes applicable to DB will result in no payment by the Company. | ||||||||||||||||||||||||||||||||
At December 31, 2013, we completed a valuation process which resulted in an estimated fair value for the TRS under Level 3. The process utilized valuation inputs from two sources: | ||||||||||||||||||||||||||||||||
1) | The Company built on its fair valuation process for the underlying CDO portfolio and utilized those same projected cash flows to quantify the extent and timing of payments to be received from the Trustee related to each CDO and in the aggregate. For valuation purposes, we assumed that a market participant would cancel the TRS at the first opportunity if the TRS did not have a positive value based on the best estimates of cash flows through maturity. Consequently, the fair value approximated the amount of required payments up to the earliest termination date. | |||||||||||||||||||||||||||||||
2) | A valuation from a market participant in possession of all relevant terms and costs of the TRS structure. | |||||||||||||||||||||||||||||||
We considered the observable input or inputs from the market participant, who is the counterparty to this transaction, as well as the results of our internal modeling in estimating the fair value of the TRS. We expect to continue the use of this methodology in subsequent periods. |
Premises_and_Equipment
Premises and Equipment | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Property, Plant and Equipment [Line Items] | ' | |||||||
Property, Plant and Equipment Disclosure [Text Block] | ' | |||||||
. | PREMISES AND EQUIPMENT | |||||||
Premises and equipment are summarized as follows: | ||||||||
(In thousands) | December 31, | |||||||
2013 | 2012 | |||||||
Land | $ | 185,119 | $ | 184,762 | ||||
Buildings | 509,151 | 497,449 | ||||||
Furniture, equipment and software | 664,556 | 622,170 | ||||||
Leasehold improvements | 129,056 | 121,953 | ||||||
Total | 1,487,882 | 1,426,334 | ||||||
Less accumulated depreciation and amortization | 761,510 | 717,452 | ||||||
Net book value | $ | 726,372 | $ | 708,882 | ||||
Goodwill_And_Other_Intangible_
Goodwill And Other Intangible Assets | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Goodwill [Abstract] | ' | ||||||||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Text Block] | ' | ||||||||||||||||||||||||
. | GOODWILL AND OTHER INTANGIBLE ASSETS | ||||||||||||||||||||||||
Core deposit and other intangible assets and related accumulated amortization are as follows at December 31: | |||||||||||||||||||||||||
Gross carrying amount | Accumulated amortization | Net carrying amount | |||||||||||||||||||||||
(In thousands) | 2013 | 2012 | 2013 | 2012 | 2013 | 2012 | |||||||||||||||||||
Core deposit intangibles | $ | 180,290 | $ | 180,290 | $ | (146,557 | ) | $ | (133,628 | ) | $ | 33,733 | $ | 46,662 | |||||||||||
Customer relationships and other intangibles | 29,064 | 29,064 | (26,353 | ) | (24,908 | ) | 2,711 | 4,156 | |||||||||||||||||
$ | 209,354 | $ | 209,354 | $ | (172,910 | ) | $ | (158,536 | ) | $ | 36,444 | $ | 50,818 | ||||||||||||
The amount of amortization expense of core deposit and other intangible assets is separately reflected in the statement of income. | |||||||||||||||||||||||||
Estimated amortization expense for core deposit and other intangible assets is as follows for the five years succeeding December 31, 2013: | |||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||
2014 | $ | 10,924 | |||||||||||||||||||||||
2015 | 9,247 | ||||||||||||||||||||||||
2016 | 7,888 | ||||||||||||||||||||||||
2017 | 6,370 | ||||||||||||||||||||||||
2018 | 1,556 | ||||||||||||||||||||||||
Changes in the carrying amount of goodwill for operating segments with goodwill are as follows: | |||||||||||||||||||||||||
(In thousands) | Zions Bank | CB&T | Amegy | Other | Consolidated Company | ||||||||||||||||||||
Balance at December 31, 2011 | $ | 19,514 | $ | 379,024 | $ | 615,591 | $ | 1,000 | $ | 1,015,129 | |||||||||||||||
Impairment losses | — | — | — | (1,000 | ) | (1,000 | ) | ||||||||||||||||||
Balance at December 31, 2012 | 19,514 | 379,024 | 615,591 | — | 1,014,129 | ||||||||||||||||||||
Impairment losses | — | — | — | — | — | ||||||||||||||||||||
Balance at December 31, 2013 | $ | 19,514 | $ | 379,024 | $ | 615,591 | $ | — | $ | 1,014,129 | |||||||||||||||
A Company-wide annual impairment test is conducted as of October 1 of each year and updated on a more frequent basis when events or circumstances indicate that impairment could have taken place. Results of the testing for 2013 concluded that no impairment was present in any of the operating segments. For 2012, no impairment was present, except for TCBO included in the Other segment. A comparison of fair value to carrying value determined that the entire remaining $1 million of TCBO’s goodwill should be impaired. |
Deposits
Deposits | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Deposits [Abstract] | ' | ||||
Deposit Liabilities Disclosures [Text Block] | ' | ||||
11 | DEPOSITS | ||||
At December 31, 2013, the scheduled maturities of all time deposits were as follows: | |||||
(In thousands) | |||||
2014 | $ | 2,216,605 | |||
2015 | 265,984 | ||||
2016 | 161,620 | ||||
2017 | 86,903 | ||||
2018 | 113,534 | ||||
Thereafter | 663 | ||||
$ | 2,845,309 | ||||
At December 31, 2013, the contractual maturities of domestic time deposits with a denomination of $100,000 and over were as follows: $351 million in 3 months or less, $301 million over 3 months through 6 months, $374 million over 6 months through 12 months, and $304 million over 12 months. | |||||
Domestic time deposits under $100,000 were $1.3 billion and $1.5 billion at December 31, 2013 and 2012, respectively. Domestic time deposits $100,000 and over were $1.3 billion and $1.5 billion at December 31, 2013 and 2012, respectively. Foreign time deposits $100,000 and over were $252 million and $213 million at December 31, 2013 and 2012, respectively. | |||||
Deposit overdrafts reclassified as loan balances were $39 million and $78 million at December 31, 2013 and 2012, respectively. |
ShortTerm_Borrowings
Short-Term Borrowings | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Short-term Debt [Abstract] | ' | ||||||||||||
Short-Term Borrowings | ' | ||||||||||||
12 | SHORT-TERM BORROWINGS | ||||||||||||
Selected information for federal funds purchased and security repurchase agreements is as follows: | |||||||||||||
(Amounts in thousands) | 2013 | 2012 | 2011 | ||||||||||
Federal funds purchased: | |||||||||||||
Average amount outstanding | $ | 150,217 | $ | 280,859 | $ | 312,730 | |||||||
Weighted average rate | 0.15 | % | 0.19 | % | 0.2 | % | |||||||
Highest month-end balance | $ | 206,450 | $ | 560,674 | $ | 361,217 | |||||||
Year-end balance | 129,131 | 175,468 | 214,224 | ||||||||||
Weighted average rate on outstandings at year-end | 0.14 | % | 0.13 | % | 0.2 | % | |||||||
Security repurchase agreements: | |||||||||||||
Average amount outstanding | $ | 124,929 | $ | 190,365 | $ | 340,015 | |||||||
Weighted average rate | 0.05 | % | 0.04 | % | 0.05 | % | |||||||
Highest month-end balance | $ | 137,611 | $ | 264,187 | $ | 393,874 | |||||||
Year-end balance | 137,611 | 145,010 | 393,874 | ||||||||||
Weighted average rate on outstandings at year-end | 0.05 | % | 0.04 | % | 0.06 | % | |||||||
Federal funds purchased and security repurchase agreements at year-end | $ | 266,742 | $ | 320,478 | $ | 608,098 | |||||||
These short-term borrowings generally mature in less than 30 days. Our participation in security repurchase agreements is on an overnight or term basis (e.g., 30 or 60 days). Certain overnight repurchase agreements are performed with sweep accounts in conjunction with a master repurchase agreement. In this case, securities under our control are pledged for and interest is paid on the collected balance of the customers’ accounts. For term repurchase agreements, securities are transferred to the applicable counterparty. The counterparty, in certain instances, is contractually entitled to sell or repledge securities accepted as collateral. At December 31, 2013, all security repurchase agreements were overnight. | |||||||||||||
Other short-term borrowings are summarized as follows: | |||||||||||||
December 31, | |||||||||||||
(In thousands) | 2013 | 2012 | |||||||||||
Senior medium-term notes | $ | — | $ | 4,951 | |||||||||
Commercial paper | — | — | |||||||||||
Other | — | 458 | |||||||||||
$ | — | $ | 5,409 | ||||||||||
Our subsidiary banks may borrow from the FHLB under their lines of credit that are secured under blanket pledge arrangements. The subsidiary banks maintain unencumbered collateral with carrying amounts adjusted for the types of collateral pledged, equal to at least 100% of the outstanding advances. At December 31, 2013, the amount available for FHLB advances was approximately $11.0 billion. At December 31, 2013, no short-term FHLB advances were outstanding. | |||||||||||||
Our subsidiary banks also borrow from the Federal Reserve through the Term Auction Facility. Amounts that can be borrowed are based on the amount of collateral pledged to a Federal Reserve Bank. At December 31, 2013, the amount available for additional Federal Reserve borrowings was approximately $5.3 billion. |
LongTerm_Debt
Long-Term Debt | 12 Months Ended | ||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||
Long-term Debt, Unclassified [Abstract] | ' | ||||||||||||||||||
Debt Disclosure [Text Block] | ' | ||||||||||||||||||
13 | LONG-TERM DEBT | ||||||||||||||||||
Long-term debt is summarized as follows: | |||||||||||||||||||
December 31, | |||||||||||||||||||
(In thousands) | 2013 | 2012 | |||||||||||||||||
Junior subordinated debentures related to trust preferred securities | $ | 168,043 | $ | 461,858 | |||||||||||||||
Convertible subordinated notes | 184,147 | 308,468 | |||||||||||||||||
Subordinated notes | 443,231 | 217,175 | |||||||||||||||||
Senior notes | 1,454,779 | 1,325,630 | |||||||||||||||||
FHLB advances | 22,736 | 23,300 | |||||||||||||||||
Capital lease obligations and other | 639 | 682 | |||||||||||||||||
$ | 2,273,575 | $ | 2,337,113 | ||||||||||||||||
The preceding amounts represent the par value of the debt adjusted for any unamortized premium or discount or other basis adjustments, including the value of associated hedges. | |||||||||||||||||||
Trust Preferred Securities | |||||||||||||||||||
Junior subordinated debentures related to trust preferred securities were issued to the following trusts at December 31, 2013: | |||||||||||||||||||
(Amounts in thousands) | Balance | Coupon rate 1 | Maturity | ||||||||||||||||
Amegy Statutory Trust I | $ | 51,547 | 3mL+2.85% (3.09%) | Dec-33 | |||||||||||||||
Amegy Statutory Trust II | 36,083 | 3mL+1.90% (2.14%) | Oct-34 | ||||||||||||||||
Amegy Statutory Trust III | 61,856 | 3mL+1.78% (2.02%) | Dec-34 | ||||||||||||||||
Stockmen’s Statutory Trust II | 7,732 | 3mL+3.15% (3.40%) | Mar-33 | ||||||||||||||||
Stockmen’s Statutory Trust III | 7,732 | 3mL+2.89% (3.13%) | Mar-34 | ||||||||||||||||
Intercontinental Statutory Trust I | 3,093 | 3mL+2.85% (3.09%) | Mar-34 | ||||||||||||||||
$ | 168,043 | ||||||||||||||||||
1 | Designation of “3mL” is three-month LIBOR; effective interest rate at the beginning of the accrual period commencing on or before December 31, 2013 is shown in parenthesis. | ||||||||||||||||||
The junior subordinated debentures are issued or have been assumed by the Parent or Amegy. Each trust has issued a corresponding series of trust preferred security obligations. The trust obligations are in the form of capital securities subject to mandatory redemption upon repayment of the junior subordinated debentures by the Parent or Amegy, as the case may be. The sole assets of the trusts are the junior subordinated debentures. | |||||||||||||||||||
Interest distributions are made quarterly at the same rates earned by the trusts on the junior subordinated debentures; however, we may defer the payment of interest on the junior subordinated debentures. Early redemption is currently possible on all of the debentures and requires the approval of banking regulators. | |||||||||||||||||||
The debentures for the Amegy and Intercontinental trusts are direct and unsecured obligations of Amegy and are subordinate to other indebtedness and general creditors. The debentures for the Stockmen’s trusts are unsecured obligations of Stockmen’s assumed by the Parent in connection with the acquisition of Stockmen’s by NBAZ. Amegy has unconditionally guaranteed the obligations of the Amegy and Intercontinental trusts with respect to their respective series of trust preferred securities to the extent set forth in the applicable guarantee agreements. The Parent has assumed Stockmen’s unconditional guarantees of the obligations of the Stockmen’s trusts with respect to their respective series of trust preferred securities to the extent set forth in the applicable guarantee agreements. See discussion under Debt Redemptions following. | |||||||||||||||||||
Subordinated Notes | |||||||||||||||||||
Subordinated notes consist of the following at December 31, 2013: | |||||||||||||||||||
(Amounts in thousands) | Convertible | Subordinated notes | |||||||||||||||||
subordinated notes | |||||||||||||||||||
Coupon rate | Balance | Par amount | Balance | Par amount | Maturity | ||||||||||||||
5.65% | $ | 70,218 | $ | 75,704 | $ | 30,494 | $ | 30,173 | May-14 | ||||||||||
6.00% | 60,107 | 79,292 | 33,697 | 32,366 | Sep-15 | ||||||||||||||
5.50% | 53,822 | 71,595 | 54,149 | 52,078 | Nov-15 | ||||||||||||||
5.65% | 162,000 | 162,000 | Nov-23 | ||||||||||||||||
6.95% | 87,891 | 87,891 | Sep-28 | ||||||||||||||||
3mL+1.25% (1.50%) | 1 | 75,000 | 75,000 | 2 | Sep-14 | ||||||||||||||
$ | 184,147 | $ | 226,591 | $ | 443,231 | $ | 439,508 | ||||||||||||
1 | Designation of “3mL” is three-month LIBOR; effective interest rate at the beginning of the accrual period commencing on or before December 31, 2013 is shown in parenthesis. | ||||||||||||||||||
2 | Issued by Amegy. | ||||||||||||||||||
These notes are unsecured and are not redeemable prior to maturity, except those noted subsequently. Also, see discussion under Debt Redemptions following. Interest is payable semiannually on all these notes except for the 6.95% notes whose quarterly interest payments commence December 15, 2013 to the earliest possible redemption date of September 15, 2023, after which the interest rate changes to an annual floating rate equal to 3mL+3.89%. Interest payments on the $162 million notes commence May 15, 2014 to the earliest possible redemption date of November 15, 2018, after which they are payable quarterly at an annual floating rate equal to 3mL+4.19%. | |||||||||||||||||||
Convertible Subordinated Notes | |||||||||||||||||||
The convertible subordinated notes resulted from the modification in 2009 of $1.2 billion par value of subordinated notes. The convertible subordinated notes permit conversion on a par-for-par basis into either the Company’s Series A or Series C preferred stock. The carrying value of the subordinated notes at the time of modification included associated terminated fair value hedges. Holders of the convertible subordinated notes are allowed to convert on the interest payment dates of the debt. As discussed in Note 14, we recorded the intrinsic value of the beneficial conversion feature (“BCF”) directly in common stock in connection with the modification of the subordinated notes. Note 14 also discusses the redemption in September 2013 of all of the $800 million par amount of Series C preferred stock. No conversions of convertible subordinated notes have occurred since this redemption. Subordinated notes converted to preferred stock prior to this redemption amounted to $1.2 million in 2013, $89.6 million in 2012, and $256.1 million in 2011. | |||||||||||||||||||
The convertible debt discount recorded in connection with the subordinated debt modification is amortized to interest expense using the interest method over the remaining terms of the convertible subordinated notes. When holders of the convertible subordinated notes exercise their rights to convert to preferred stock, the rate of amortization is accelerated by immediately expensing any unamortized discount associated with the converted debt. Amortization of the convertible debt discount is summarized as follows: | |||||||||||||||||||
(In thousands) | 2013 | 2012 | 2011 | ||||||||||||||||
Balance at beginning of year | $ | 149,333 | $ | 224,206 | $ | 385,831 | |||||||||||||
Discount amortization on convertible subordinated debt | (48,378 | ) | (43,341 | ) | (46,021 | ) | |||||||||||||
Accelerated discount amortization on convertible subordinated debt | (368 | ) | (31,532 | ) | (115,604 | ) | |||||||||||||
Accelerated discount amortization resulting from tender offer for debt repurchases (subsequently discussed) | (58,143 | ) | — | — | |||||||||||||||
Total amortization | (106,889 | ) | (74,873 | ) | (161,625 | ) | |||||||||||||
Balance at end of year | $ | 42,444 | $ | 149,333 | $ | 224,206 | |||||||||||||
As discussed in Note 7, we terminated all fair value hedges that had been used for the subordinated notes. The remaining value of $3.8 million and $7.8 million at December 31, 2013 and 2012, respectively, is amortized as a reduction of interest expense over the periods to the previously stated maturity dates of the notes. See Debt Redemptions regarding the tender offer for debt repurchases. | |||||||||||||||||||
Senior Notes | |||||||||||||||||||
Senior notes consist of the following at December 31, 2013: | |||||||||||||||||||
(Amounts in thousands) | |||||||||||||||||||
Coupon rate | Balance | Par amount | Maturity | ||||||||||||||||
7.75% | $ | 235,382 | $ | 240,769 | Sep-14 | ||||||||||||||
4.00% | 196,103 | 198,448 | Jun-16 | ||||||||||||||||
4.50% | 388,467 | 400,000 | Mar-17 | ||||||||||||||||
4.50% | 299,199 | 300,000 | Jun-23 | ||||||||||||||||
2.55% - 5.50% | 335,628 | 335,881 | Feb 2014 - Nov 2019 | ||||||||||||||||
$ | 1,454,779 | ||||||||||||||||||
These notes are unsecured and interest is payable semiannually. The notes were issued under a shelf registration filed with the SEC and were sold via the Company’s online auction process and direct sales. The notes are not redeemable prior to maturity except for the $335.6 million notes, of which $267.6 million have optional early redemptions as follows: $135.3 million as of December 31, 2013, $93.9 million in 2014, $27.3 million in 2015, and $11.1 million in 2016. | |||||||||||||||||||
Debt Redemptions and Repurchases | |||||||||||||||||||
Effective December 6, 2013, we completed the purchases of $250 million par amount of our 5.5% and 6.0% convertible and nonconvertible subordinated notes. The purchases were made as a result of separate cash tender offers totaling $250 million that were announced on November 6, 2013. | |||||||||||||||||||
Following our tender offer announced May 31, 2013, we repurchased on June 18, 2013 approximately $258 million of our $500 million outstanding 7.75% senior notes due September 23, 2014. | |||||||||||||||||||
On May 3, 2013, Zions Capital Trust B redeemed all of its 8.0% trust preferred securities, or 11.4 million shares, at 100% of their $25 per share liquidation amount for a total of $285 million. | |||||||||||||||||||
Total debt extinguishment costs for all of the redemptions previously discussed were $120.2 million, which consisted of $45.8 million of early tender premiums and $74.4 million in write-offs of unamortized debt discount and issuance costs. | |||||||||||||||||||
On the maturity date of June 21, 2012, we redeemed all $254.9 million of variable rate senior medium-term notes that were guaranteed under the FDIC’s Temporary Liquidity Guarantee Program. We have no other notes outstanding under this program. | |||||||||||||||||||
Federal Home Loan Bank Advances | |||||||||||||||||||
The FHLB advances were issued to Amegy with maturities from June 2014 to September 2041 at interest rates from 2.81% to 6.98%. The weighted average interest rate on advances outstanding was 4.5% at both December 31, 2013 and 2012. | |||||||||||||||||||
Maturities of Long-term Debt | |||||||||||||||||||
Maturities of long-term debt are as follows for the years succeeding December 31, 2013: | |||||||||||||||||||
(In thousands) | Consolidated | Parent only | |||||||||||||||||
2014 | $ | 460,825 | $ | 385,771 | |||||||||||||||
2015 | 279,538 | 279,482 | |||||||||||||||||
2016 | 318,057 | 318,004 | |||||||||||||||||
2017 | 405,923 | 405,865 | |||||||||||||||||
2018 | 38,346 | 38,285 | |||||||||||||||||
Thereafter | 767,073 | 591,400 | |||||||||||||||||
$ | 2,269,762 | $ | 2,018,807 | ||||||||||||||||
These maturities do not include the associated hedges. The $591.4 million of Parent only maturities payable after 2018 consist of $15.5 million of junior subordinated debentures payable to Stockmen’s Trust II and III and $575.9 million of senior notes. |
Shareholders_Equity
Shareholders' Equity | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract] | ' | ||||||||||||||||||||||||
Shareholders' Equity | ' | ||||||||||||||||||||||||
14 | SHAREHOLDERS’ EQUITY | ||||||||||||||||||||||||
Preferred Stock | |||||||||||||||||||||||||
Preferred stock is without par value and has a liquidation preference of $1,000 per share, or $25 per depositary share. Except for Series I and J, all preferred shares were issued in the form of depositary shares, with each depositary share representing a 1/40th ownership interest in a share of the preferred stock. All preferred shares are registered with the SEC. | |||||||||||||||||||||||||
In general, preferred shareholders may receive asset distributions before common shareholders; however, preferred shareholders have only limited voting rights generally with respect to certain provisions of the preferred stock, the issuance of senior preferred stock, and the election of directors. Preferred stock dividends reduce earnings available to common shareholders and are paid on the 15th day of the months indicated in the following schedule. Dividends are approved by the Board of Directors and are subject to regulatory approval. Redemption of the preferred stock is at the Company’s option after the expiration of any applicable redemption restrictions. The redemption amount is computed at the per share liquidation preference plus any declared but unpaid dividends. Redemptions are subject to certain regulatory provisions. | |||||||||||||||||||||||||
Preferred stock is summarized as follows: | |||||||||||||||||||||||||
(Amounts in | Carrying value at | Shares at | Dividends payable | Earliest | Rate following earliest redemption date | Dividends payable after rate change | |||||||||||||||||||
thousands) | December 31, | 31-Dec-13 | redemption date | ||||||||||||||||||||||
2013 | 2012 | Authorized | Outstanding | Rate | |||||||||||||||||||||
(when applicable) | |||||||||||||||||||||||||
Series A | $ | 66,127 | $ | 60,220 | 140,000 | 66,000 | > of 4.0% or 3mL+0.52% | Qtrly Mar,Jun,Sep,Dec | 15-Dec-11 | ||||||||||||||||
Series C | — | 924,332 | |||||||||||||||||||||||
Series F | 143,750 | 143,750 | 250,000 | 143,750 | 7.90% | Qtrly Mar,Jun,Sep,Dec | 15-Jun-17 | ||||||||||||||||||
Series G | 171,827 | — | 200,000 | 171,827 | 6.30% | Qtrly Mar,Jun,Sep,Dec | 15-Mar-23 | annual float-ing rate =mL+4.24% | |||||||||||||||||
Series H | 126,221 | — | 126,221 | 126,221 | 5.75% | Qtrly Mar,Jun,Sep,Dec | 15-Jun-19 | ||||||||||||||||||
Series I | 300,893 | — | 300,893 | 300,893 | 5.80% | Semi-annually Jun,Dec | 15-Jun-23 | annual float-ing rate =mL+3.8% | Qtrly Mar,Jun,Sep,Dec | ||||||||||||||||
Series J | 195,152 | — | 195,152 | 195,152 | 7.20% | Semi-annually Mar,Sep | 15-Sep-23 | annual float-ing rate =mL+4.44% | Qtrly Mar,Jun,Sep,Dec | ||||||||||||||||
$ | 1,003,970 | $ | 1,128,302 | ||||||||||||||||||||||
Series C Preferred Stock Redemption | |||||||||||||||||||||||||
On September 15, 2013, we redeemed all of the outstanding $800 million par amount (799,467 shares) of our 9.5% Series C preferred stock at 100% of the $25 per depositary share redemption amount. As shown in the previous schedule, the summation of December 31, 2013 carrying values for Series G, H, I and J, plus the change in carrying value for Series A between December 31, 2013 and 2012 (reflecting the reopening of Series A preferred shares in 2013), equal the $800 million used to fund this redemption. The Federal Reserve did not object to the element of our Capital Plan to redeem the entire $800 million of our Series C preferred stock subject to issuing an equivalent amount of new preferred shares. | |||||||||||||||||||||||||
The redemption reduced preferred stock by the $926 million carrying value (at the time of redemption) of the Series C preferred stock. The difference from the par amount, or $126 million, related to the intrinsic value of the beneficial conversion feature (“BCF”) associated with the convertible subordinated debt. The BCF represented the difference on the original commitment date of the fair values of the convertible subordinated debt and the preferred stock into which the debt was convertible. The total BCF of $203 million was included in common stock when the subordinated debt was modified to convertible subordinated debt in June 2009. The Company has “no par” common stock and all additional paid-in capital transactions such as this are recorded in common stock. | |||||||||||||||||||||||||
Portions of the BCF have been transferred since July 2009 from common stock to preferred stock as holders of convertible subordinated debt exercised rights to convert to the Series C preferred stock. Prior to the redemption, these BCF transfers amounted to $0.2 million in 2013, $15.2 million in 2012, and $43.1 million in 2011. Amounts transferred became part of the carrying value of the preferred stock. The $126 million BCF transfer was recorded as a preferred stock redemption in the 2013 statement of income. At December 31, 2013, the remaining balance in common stock of the BCF was approximately $76.4 million. Although the legal right to convert continues to exist, if no further conversions occur or the convertible debt matures, the current amount of the BCF will remain in common stock. | |||||||||||||||||||||||||
Other Preferred Stock Redemptions | |||||||||||||||||||||||||
The Series D preferred stock was redeemed in two equal installments by September 26, 2012. The total of $1.4 billion had been issued by the U.S. Department of the Treasury under the Troubled Asset Relief Program (“TARP”) Capital Purchase Program (“CPP”). The associated warrants to purchase 5.8 million shares of common stock were auctioned by the U.S. Treasury in December 2012. The Company did not receive any proceeds from the warrant auction. The warrants have an exercise price of $36.27 per share and expire November 14, 2018. The TARP redemption accelerated the amortization to preferred stock dividends in 2012 of the entire remaining unamortized discount. Amortization amounted to $44.7 million in 2012 and $21.6 million in 2011. | |||||||||||||||||||||||||
The entire Series E preferred stock of $142.5 million was redeemed on its call date of June 15, 2012. Commissions and fees of $3.8 million previously recorded in common stock were charged to retained earnings. Proceeds from the Series F preferred stock were used to redeem the Series E preferred stock. | |||||||||||||||||||||||||
Common Stock | |||||||||||||||||||||||||
In 2011, we issued $25.5 million of new common stock under a common equity distribution agreement. The issuance consisted of approximately 1.1 million shares at an average price of $23.89 per share. Net of commissions and fees, this issuances added $25.0 million to common stock. | |||||||||||||||||||||||||
In addition to the TARP warrants previously discussed, we have issued a total of 29.3 million common stock warrants that can each be exercised for a share of common stock at an initial price of $36.63 through May 22, 2020. | |||||||||||||||||||||||||
Accumulated Other Comprehensive Income | |||||||||||||||||||||||||
Effective January 1, 2013, we adopted ASU 2013-02, Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income. This new guidance under ASU 220, Comprehensive Income, follows ASUs 2011-12 and 2011-05 and finalizes the reporting requirements for reclassifications out of AOCI. Companies must present reclassifications by component when reporting changes in AOCI. Items reclassified in their entirety out of AOCI to net income must have the effect of the reclassification disclosed according to the respective income statement line item. Items not reclassified in their entirety must be cross-referenced to other disclosures in the footnotes. The entire reclassification information must be disclosed in one location, either on the face of the financial statements by income statement line item, or in a footnote. We have elected to present the information in a footnote and include the comparison to the previous year. | |||||||||||||||||||||||||
Changes in AOCI by component are as follows: | |||||||||||||||||||||||||
(In thousands) | Net unrealized gains (losses) on investment securities | Net unrealized gains (losses) on derivative instruments | Pension and post-retirement | Total | |||||||||||||||||||||
2013:00:00 | |||||||||||||||||||||||||
Balance at December 31, 2012 | $ | (397,616 | ) | $ | 1,794 | $ | (50,335 | ) | $ | (446,157 | ) | ||||||||||||||
Other comprehensive income (loss) before reclassifications, net of tax | 127,648 | (431 | ) | 20,577 | 147,794 | ||||||||||||||||||||
Amounts reclassified from AOCI, net of tax | 102,936 | (1,580 | ) | 4,906 | 106,262 | ||||||||||||||||||||
Other comprehensive income (loss) | 230,584 | (2,011 | ) | 25,483 | 254,056 | ||||||||||||||||||||
Balance at December 31, 2013 | $ | (167,032 | ) | $ | (217 | ) | $ | (24,852 | ) | $ | (192,101 | ) | |||||||||||||
Income tax expense (benefit) included in other comprehensive income (loss) | $ | 144,343 | $ | (861 | ) | $ | 16,625 | $ | 160,107 | ||||||||||||||||
2012:00:00 | |||||||||||||||||||||||||
Balance at December 31, 2011 | $ | (546,763 | ) | $ | 9,404 | $ | (54,725 | ) | $ | (592,084 | ) | ||||||||||||||
Other comprehensive income (loss) before reclassifications, net of tax | 90,924 | 232 | (976 | ) | 90,180 | ||||||||||||||||||||
Amounts reclassified from AOCI, net of tax | 58,223 | (7,842 | ) | 5,366 | 55,747 | ||||||||||||||||||||
Other comprehensive income (loss) | 149,147 | (7,610 | ) | 4,390 | 145,927 | ||||||||||||||||||||
Balance at December 31, 2012 | $ | (397,616 | ) | $ | 1,794 | $ | (50,335 | ) | $ | (446,157 | ) | ||||||||||||||
Income tax expense (benefit) included in other comprehensive income (loss) | $ | 93,213 | $ | (5,063 | ) | $ | 2,870 | $ | 91,020 | ||||||||||||||||
Statement of income (SI) Balance sheet | |||||||||||||||||||||||||
(In thousands) | Amounts reclassified from AOCI 1 | (BS) | |||||||||||||||||||||||
Details about AOCI components | 2013 | 2012 | 2011 | Affected line item | |||||||||||||||||||||
Net realized gains (losses) on investment securities | $ | (2,898 | ) | $ | 19,544 | $ | 11,868 | SI | Fixed income securities gains (losses), net | ||||||||||||||||
Income tax expense (benefit) | (1,123 | ) | 7,340 | 4,476 | |||||||||||||||||||||
(1,775 | ) | 12,204 | 7,392 | ||||||||||||||||||||||
Net unrealized losses on investment | (164,732 | ) | (103,720 | ) | (32,914 | ) | SI | Net impairment losses on investment securities | |||||||||||||||||
securities | |||||||||||||||||||||||||
Income tax benefit | (64,829 | ) | (40,156 | ) | (12,670 | ) | |||||||||||||||||||
(99,903 | ) | (63,564 | ) | (20,244 | ) | ||||||||||||||||||||
Accretion of securities with noncredit-related impairment losses not expected to be sold | (2,106 | ) | (11,351 | ) | (665 | ) | BS | Investment securities, held-to-maturity | |||||||||||||||||
Deferred income taxes | 848 | 4,488 | 255 | BS | Other assets | ||||||||||||||||||||
$ | (102,936 | ) | $ | (58,223 | ) | $ | (13,262 | ) | |||||||||||||||||
Net unrealized gains on derivative instruments | $ | 2,647 | $ | 13,062 | $ | 37,273 | SI | Interest and fees on loans | |||||||||||||||||
Income tax expense | 1,067 | 5,220 | 15,019 | ||||||||||||||||||||||
$ | 1,580 | $ | 7,842 | $ | 22,254 | ||||||||||||||||||||
Amortization of net actuarial loss | $ | (8,127 | ) | $ | (8,983 | ) | $ | (5,149 | ) | SI | Salaries and employee benefits | ||||||||||||||
Amortization of prior service credit | 27 | 120 | 120 | SI | Salaries and employee benefits | ||||||||||||||||||||
Income tax benefit | (3,194 | ) | (3,497 | ) | (1,979 | ) | |||||||||||||||||||
$ | (4,906 | ) | $ | (5,366 | ) | $ | (3,050 | ) | |||||||||||||||||
1 Negative reclassification amounts indicate decreases to earnings in the statement of income and increases to balance sheet assets. The opposite applies to positive reclassification amounts. | |||||||||||||||||||||||||
Deferred Compensation | |||||||||||||||||||||||||
Deferred compensation consists of invested assets, including the Company’s common stock, which are held in rabbi trusts for certain employees and directors. At both December 31, 2013 and 2012, the cost of the common stock included in retained earnings was approximately $15.0 million. We consolidate the fair value of invested assets of the trusts along with the total obligations and include them in other assets and other liabilities, respectively, in the balance sheet. At December 31, 2013 and 2012, total invested assets were approximately $83.7 million and $72.2 million and total obligations were approximately $98.7 million and $87.2 million, respectively. | |||||||||||||||||||||||||
Noncontrolling Interests | |||||||||||||||||||||||||
On June 3, 2013, we removed the entire noncontrolling interest amount of approximately $4.8 million at that time from the Company’s balance sheet following settlement with the remaining owner. |
Income_Taxes
Income Taxes | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Income Taxes [Abstract] | ' | ||||||||||||
Income Taxes | ' | ||||||||||||
INCOME TAXES | |||||||||||||
Income taxes (benefit) are summarized as follows: | |||||||||||||
(In thousands) | 2013 | 2012 | 2011 | ||||||||||
Federal: | |||||||||||||
Current | $ | 173,418 | $ | 185,404 | $ | 62,810 | |||||||
Deferred | (51,475 | ) | (20,086 | ) | 106,902 | ||||||||
121,943 | 165,318 | 169,712 | |||||||||||
State: | |||||||||||||
Current | 29,676 | (1,775 | ) | 20,169 | |||||||||
Deferred | (8,642 | ) | 29,873 | 8,702 | |||||||||
21,034 | 28,098 | 28,871 | |||||||||||
$ | 142,977 | $ | 193,416 | $ | 198,583 | ||||||||
Income tax expense computed at the statutory federal income tax rate of 35% reconciles to actual income tax expense as follows: | |||||||||||||
(In thousands) | 2013 | 2012 | 2011 | ||||||||||
Income tax expense at statutory federal rate | $ | 142,251 | $ | 189,548 | $ | 182,446 | |||||||
State income taxes, net | 13,672 | 18,264 | 18,766 | ||||||||||
Other nondeductible expenses | 2,574 | 11,291 | 24,361 | ||||||||||
Nontaxable income | (17,071 | ) | (20,137 | ) | (19,691 | ) | |||||||
Tax credits and other taxes | (2,628 | ) | (3,172 | ) | (5,977 | ) | |||||||
Other | 4,179 | (2,378 | ) | (1,322 | ) | ||||||||
$ | 142,977 | $ | 193,416 | $ | 198,583 | ||||||||
The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are presented below: | |||||||||||||
(In thousands) | December 31, | ||||||||||||
2013 | 2012 | ||||||||||||
Gross deferred tax assets: | |||||||||||||
Book loan loss deduction in excess of tax | $ | 315,025 | $ | 372,206 | |||||||||
Pension and postretirement | 16,380 | 33,105 | |||||||||||
Deferred compensation | 85,846 | 79,921 | |||||||||||
Other real estate owned | 7,099 | 16,306 | |||||||||||
Security investments and derivative fair value adjustments | 155,900 | 247,770 | |||||||||||
Net operating losses, capital losses and tax credits | 6,111 | 36,600 | |||||||||||
FDIC-supported transactions | 10,488 | — | |||||||||||
Other | 44,450 | 42,324 | |||||||||||
641,299 | 828,232 | ||||||||||||
Valuation allowance | (4,261 | ) | (4,261 | ) | |||||||||
Total deferred tax assets | 637,038 | 823,971 | |||||||||||
Gross deferred tax liabilities: | |||||||||||||
Core deposits and purchase accounting | (13,556 | ) | (24,185 | ) | |||||||||
Premises and equipment, due to differences in depreciation | (13,014 | ) | (16,258 | ) | |||||||||
FHLB stock dividends | (12,668 | ) | (13,423 | ) | |||||||||
Leasing operations | (94,637 | ) | (111,265 | ) | |||||||||
Prepaid expenses | (8,909 | ) | (7,057 | ) | |||||||||
Prepaid pension reserves | (16,909 | ) | (18,350 | ) | |||||||||
Subordinated debt modification | (148,820 | ) | (185,733 | ) | |||||||||
Deferred loan fees | (21,591 | ) | (21,209 | ) | |||||||||
FDIC-supported transactions | — | (17,957 | ) | ||||||||||
Other | (2,553 | ) | (2,929 | ) | |||||||||
Total deferred tax liabilities | (332,657 | ) | (418,366 | ) | |||||||||
Net deferred tax assets | $ | 304,381 | $ | 405,605 | |||||||||
The amount of net deferred tax assets (“DTA”) is included with other assets in the balance sheet. The $4.3 million valuation allowance at December 31, 2013 and 2012 was for certain acquired net operating loss carryforwards included in our acquisition of the remaining interests in a less significant subsidiary. At December 31, 2013, excluding the $4.3 million, the tax effect of remaining net operating loss and tax credit carryforwards was approximately $1.8 million expiring through 2030. | |||||||||||||
We evaluate the net DTAs on a regular basis to determine whether an additional valuation allowance is required. In conducting this evaluation, we have considered all available evidence, both positive and negative, based on the more-likely-than-not criteria that such assets will be realized. This evaluation includes, but is not limited to: (1) available carryback potential to prior tax years; (2) potential future reversals of existing deferred tax liabilities, which historically have a reversal pattern generally consistent with DTAs; (3) potential tax planning strategies; and (4) future projected taxable income. Based on this evaluation, and considering the weight of the positive evidence compared to the negative evidence, we have concluded that an additional valuation allowance is not required as of December 31, 2013. | |||||||||||||
We have an agreement that awarded us a $100 million allocation of tax credit authority under the Community Development Financial Institutions Fund established by the U.S. Government. We have invested the $100 million in a wholly-owned subsidiary which makes qualifying loans and investments. In return, we receive federal income tax credits that are recognized over seven years, including the year in which the funds were invested in the subsidiary. We recognize these tax credits for financial reporting purposes in the same year the tax benefit is recognized in our tax return. The resulting tax credits which reduced income tax expense were approximately $0.6 million in 2013, $1.2 million in 2012, and $2.4 million in 2011. In accordance with the terms of the agreement, our involvement in this program is expected to terminate during 2014. | |||||||||||||
We have a liability for unrecognized tax benefits relating to uncertain tax positions primarily for various state tax contingencies in several jurisdictions. A reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows: | |||||||||||||
(In thousands) | 2013 | 2012 | 2011 | ||||||||||
Balance at beginning of year | $ | 2,385 | $ | 13,722 | $ | 15,366 | |||||||
Tax positions related to current year: | |||||||||||||
Additions | — | — | — | ||||||||||
Reductions | — | — | — | ||||||||||
Tax positions related to prior years: | |||||||||||||
Additions | — | — | — | ||||||||||
Reductions | — | (11,337 | ) | — | |||||||||
Settlements with taxing authorities | — | — | — | ||||||||||
Lapses in statutes of limitations | — | — | (1,644 | ) | |||||||||
Balance at end of year | $ | 2,385 | $ | 2,385 | $ | 13,722 | |||||||
At both December 31, 2013 and 2012, the liability for unrecognized tax benefits included approximately $1.6 million (net of the federal tax benefit on state issues) that, if recognized, would affect the effective tax rate. There are no gross unrecognized tax benefits that may decrease during the 12 months subsequent to December 31, 2013. | |||||||||||||
The $11.3 million reduction to this liability in 2012 was made following closure of an audit by a state taxing authority. We reduced income tax expense by a net amount including interest/penalty of $2.3 million in 2012 due to the audit closure and $1.2 million in 2011 due to lapses in statutes of limitations. | |||||||||||||
Interest and penalties related to unrecognized tax benefits are included in income tax expense in the statement of income. At both December 31, 2013 and 2012, accrued interest and penalties recognized in the balance sheet, net of any federal and/or state tax benefits, were approximately $0.3 million. | |||||||||||||
The Company and its subsidiaries file income tax returns in U.S. federal and various state jurisdictions. The Company is no longer subject to income tax examinations for years prior to 2007 for federal and state returns. | |||||||||||||
On September 19, 2013, the Internal Revenue Service issued final regulations under sections 162(a) and 263(a) of the Internal Revenue Code pertaining to the treatment of amounts paid to acquire, produce or improve tangible property. We are currently analyzing how the new regulations may affect the Company’s financial statements, but we do not anticipate any material impact. |
Net_Earnings_Per_Common_Share
Net Earnings Per Common Share | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||
Net Earnings Per Common Share | ' | ||||||||||||
16 | NET EARNINGS PER COMMON SHARE | ||||||||||||
Basic and diluted net earnings per common share based on the weighted average outstanding shares are summarized as follows: | |||||||||||||
(In thousands, except shares and per share amounts) | Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | |||||||||||
Basic: | |||||||||||||
Net income applicable to controlling interest | $ | 263,791 | $ | 349,516 | $ | 323,804 | |||||||
Less common and preferred dividends | (6,094 | ) | 178,277 | 177,775 | |||||||||
Undistributed earnings | 269,885 | 171,239 | 146,029 | ||||||||||
Less undistributed earnings applicable to nonvested shares | 2,832 | 1,600 | 1,300 | ||||||||||
Undistributed earnings applicable to common shares | 267,053 | 169,639 | 144,729 | ||||||||||
Distributed earnings applicable to common shares | 23,916 | 7,321 | 7,292 | ||||||||||
Total earnings applicable to common shares | $ | 290,969 | $ | 176,960 | $ | 152,021 | |||||||
Weighted average common shares outstanding | 183,844 | 183,081 | 182,393 | ||||||||||
Net earnings per common share | $ | 1.58 | $ | 0.97 | $ | 0.83 | |||||||
Diluted: | |||||||||||||
Total earnings applicable to common shares | $ | 290,969 | $ | 176,960 | $ | 152,021 | |||||||
Additional undistributed earnings allocated to incremental shares | — | — | 41 | ||||||||||
Diluted earnings applicable to common shares | $ | 290,969 | $ | 176,960 | $ | 152,062 | |||||||
Weighted average common shares outstanding | 183,844 | 183,081 | 182,393 | ||||||||||
Additional weighted average dilutive shares | 453 | 155 | 212 | ||||||||||
Weighted average diluted common shares outstanding | 184,297 | 183,236 | 182,605 | ||||||||||
Net earnings per common share | $ | 1.58 | $ | 0.97 | $ | 0.83 | |||||||
For 2013, preferred dividends included a preferred stock redemption of approximately $126 million that resulted from the redemption of the Company’s Series C preferred stock. See further discussion in Note 14. |
ShareBased_Compensation
Share-Based Compensation | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | |||||||||||||||||||
Share-Based Compensation | ' | |||||||||||||||||||
17 | SHARE-BASED COMPENSATION | |||||||||||||||||||
We have a stock option and incentive plan which allows us to grant stock options, restricted stock, restricted stock units (“RSUs”), and other awards to employees and nonemployee directors. Total shares authorized under the plan were 19,500,000 at December 31, 2013, of which 5,696,668 were available for future grants. | ||||||||||||||||||||
All share-based payments to employees, including grants of employee stock options, are recognized in the statement of income based on their fair values. The fair value of an equity award is estimated on the grant date without regard to service or performance vesting conditions. | ||||||||||||||||||||
Compensation expense and the related tax benefit for all share-based awards were as follows: | ||||||||||||||||||||
(In thousands) | 2013 | 2012 | 2011 | |||||||||||||||||
Compensation expense | $ | 28,052 | $ | 31,533 | $ | 29,019 | ||||||||||||||
Reduction of income tax expense | 9,123 | 10,724 | 9,768 | |||||||||||||||||
Compensation expense is included in salaries and employee benefits in the statement of income, with the corresponding increase included in common stock, except for the portion related to the salary stock units (“SSUs”) | ||||||||||||||||||||
granted in 2012 and 2011, which was settled in cash. See subsequent discussion. | ||||||||||||||||||||
We classify all share-based awards as equity instruments except for the 2012 and 2011 SSUs that were classified as liabilities. Substantially all awards of stock options, restricted stock, and RSUs have graded vesting that is recognized on a straight-line basis over the vesting period. | ||||||||||||||||||||
As of December 31, 2013, compensation expense not yet recognized for nonvested share-based awards was approximately $25.2 million, which is expected to be recognized over a weighted average period of 2.4 years. | ||||||||||||||||||||
For 2013, tax effects recognized from the exercise of stock options and the vesting of restricted stock and RSUs increased common stock by approximately $0.3 million. For each of 2012 and 2011, the tax effects decreased common stock by approximately $2.8 million. These amounts are included in the net activity under employee plans and related tax benefits in the statement of changes in shareholders’ equity. | ||||||||||||||||||||
Stock Options | ||||||||||||||||||||
Stock options granted to employees generally vest at the rate of one third each year and expire seven years after the date of grant. For all stock options granted in 2013, 2012 and 2011, we used the Black-Scholes option pricing model to estimate the fair values of stock options in determining compensation expense. The following summarizes the weighted average of fair value and the significant assumptions used in applying the Black-Scholes model for options granted: | ||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||
Weighted average of fair value for options granted | $ | 6.79 | $ | 4.88 | $ | 5.78 | ||||||||||||||
Weighted average assumptions used: | ||||||||||||||||||||
Expected dividend yield | 1.3 | % | 1.5 | % | 1 | % | ||||||||||||||
Expected volatility | 32.5 | % | 35 | % | 30 | % | ||||||||||||||
Risk-free interest rate | 0.78 | % | 0.67 | % | 1.46 | % | ||||||||||||||
Expected life (in years) | 4.5 | 4.5 | 4.5 | |||||||||||||||||
The assumptions for expected dividend yield, expected volatility, and expected life reflect management’s judgment and include consideration of historical experience. Expected volatility is based in part on historical volatility. The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant for periods corresponding with the expected life of the option. | ||||||||||||||||||||
The following summarizes our stock option activity for the three years ended December 31, 2013: | ||||||||||||||||||||
Number of shares | Weighted average exercise price | |||||||||||||||||||
Balance at December 31, 2010 | 6,369,239 | $ | 47.37 | |||||||||||||||||
Granted | 800,057 | 23.46 | ||||||||||||||||||
Exercised | (46,749 | ) | 13.6 | |||||||||||||||||
Expired | (1,080,867 | ) | 57.27 | |||||||||||||||||
Forfeited | (107,810 | ) | 22.74 | |||||||||||||||||
Balance at December 31, 2011 | 5,933,870 | 43.06 | ||||||||||||||||||
Granted | 867,968 | 18.87 | ||||||||||||||||||
Exercised | (129,616 | ) | 14.64 | |||||||||||||||||
Expired | (568,546 | ) | 61.9 | |||||||||||||||||
Forfeited | (141,351 | ) | 21.36 | |||||||||||||||||
Balance at December 31, 2012 | 5,962,325 | 38.87 | ||||||||||||||||||
Granted | 1,047,781 | 27.41 | ||||||||||||||||||
Exercised | (488,479 | ) | 20.11 | |||||||||||||||||
Expired | (574,157 | ) | 70.12 | |||||||||||||||||
Forfeited | (72,880 | ) | 22.25 | |||||||||||||||||
Balance at December 31, 2013 | 5,874,590 | 35.54 | ||||||||||||||||||
Outstanding stock options exercisable as of: | ||||||||||||||||||||
December 31, 2013 | 4,101,928 | $ | 40.4 | |||||||||||||||||
December 31, 2012 | 4,379,630 | 45.26 | ||||||||||||||||||
December 31, 2011 | 4,211,216 | 51.26 | ||||||||||||||||||
We issue new authorized shares for the exercise of stock options. The total intrinsic value of stock options exercised was approximately $4.0 million in 2013, $0.7 million in 2012, and $0.4 million in 2011. Cash received from the exercise of stock options was $9.8 million in 2013, $1.9 million in 2012, and $0.6 million in 2011. | ||||||||||||||||||||
Additional selected information on stock options at December 31, 2013 follows: | ||||||||||||||||||||
Outstanding stock options | Exercisable stock options | |||||||||||||||||||
Number of shares | Weighted average exercise price | Weighted average remaining contractual life (years) | ||||||||||||||||||
Exercise price range | Number of shares | Weighted average exercise price | ||||||||||||||||||
$0.32 to $19.99 | 1,006,608 | $ | 17.39 | 4.5 | 1 | 479,584 | $ | 15.81 | ||||||||||||
$20.00 to $24.99 | 1,170,680 | 23.84 | 3.8 | 925,953 | 23.86 | |||||||||||||||
$25.00 to $29.99 | 1,637,911 | 27.68 | 4.5 | 637,000 | 27.96 | |||||||||||||||
$30.00 to $39.99 | 10,000 | 32.45 | 1.5 | 10,000 | 32.45 | |||||||||||||||
$40.00 to $44.99 | 14,000 | 41.69 | 1.8 | 14,000 | 41.69 | |||||||||||||||
$45.00 to $49.99 | 1,303,896 | 47.28 | 1.4 | 1,303,896 | 47.28 | |||||||||||||||
$50.00 to $59.99 | 136,531 | 57.9 | 1 | 136,531 | 57.9 | |||||||||||||||
$60.00 to $79.99 | 124,817 | 68.44 | 0.8 | 124,817 | 68.44 | |||||||||||||||
$80.00 to $81.99 | 36,500 | 80.65 | 2.3 | 36,500 | 80.65 | |||||||||||||||
$82.00 to $83.38 | 433,647 | 83.25 | 0.6 | 433,647 | 83.25 | |||||||||||||||
5,874,590 | 35.54 | 3.2 | 1 | 4,101,928 | 40.4 | |||||||||||||||
1 | The weighted average remaining contractual life excludes 21,252 stock options without a fixed expiration date that were obtained with the Amegy acquisition. They expire between the date of termination and one year from the date of termination, depending upon certain circumstances. | |||||||||||||||||||
The aggregate intrinsic value of outstanding stock options at December 31, 2013 and 2012 was $23.6 million and $5.4 million, respectively, while the aggregate intrinsic value of exercisable options was $13.7 million and $3.2 million at the same respective dates. For exercisable options, the weighted average remaining contractual life was 2.1 years and 2.6 years at December 31, 2013 and 2012, respectively, excluding the stock options previously noted without a fixed expiration date. At December 31, 2013, 1,729,543 stock options with a weighted average exercise price of $24.38, a weighted average remaining life of 5.8 years, and an aggregate intrinsic value of $9.7 million, were expected to vest. | ||||||||||||||||||||
The previous schedules do not include stock options for employees of our TCBO subsidiary to purchase common stock of TCBO. At December 31, 2013, there were options to purchase 44,100 TCBO shares at exercise prices from $17.85 to $20.58, expiring in June 2018. At December 31, 2013, there were 1,038,000 issued and outstanding shares of TCBO common stock. | ||||||||||||||||||||
Restricted Stock and Restricted Stock Units | ||||||||||||||||||||
Restricted stock and RSUs granted generally vest over four years. Each RSU represents a right to one share of our common stock. During the vesting period, holders of restricted stock and RSUs receive dividend equivalents. In addition, holders of restricted stock have full voting rights. Compensation expense is determined based on the number of restricted shares or RSUs granted and the market price of our common stock at the issue date. | ||||||||||||||||||||
Nonemployee directors were granted 17,444 shares of restricted stock and 4,984 RSUs in 2013; 25,536 shares of restricted stock and 7,296 RSUs in 2012; and 26,433 shares of restricted stock in 2011, which vested over six months. | ||||||||||||||||||||
The following summarizes our restricted stock activity for the three years ended December 31, 2013: | ||||||||||||||||||||
Number of shares | Weighted average issue price | |||||||||||||||||||
Nonvested restricted shares at December 31, 2010 | 1,611,643 | $ | 26.3 | |||||||||||||||||
Issued | 616,234 | 23.43 | ||||||||||||||||||
Vested | (569,794 | ) | 30.43 | |||||||||||||||||
Forfeited | (258,229 | ) | 24.23 | |||||||||||||||||
Nonvested restricted shares at December 31, 2011 | 1,399,854 | 23.74 | ||||||||||||||||||
Issued | 87,480 | 17.57 | ||||||||||||||||||
Vested | (582,361 | ) | 25.34 | |||||||||||||||||
Forfeited | (53,737 | ) | 22.83 | |||||||||||||||||
Nonvested restricted shares at December 31, 2012 | 851,236 | 22.07 | ||||||||||||||||||
Issued | 56,774 | 24.55 | ||||||||||||||||||
Vested | (452,743 | ) | 21.8 | |||||||||||||||||
Forfeited | (44,317 | ) | 24.31 | |||||||||||||||||
Nonvested restricted shares at December 31, 2013 | 410,950 | 22.46 | ||||||||||||||||||
The following summarizes our RSU activity for the three years ended December 31, 2013: | ||||||||||||||||||||
Number of restricted stock units | Weighted average grant price | |||||||||||||||||||
Restricted stock units at December 31, 2010 | — | $ | — | |||||||||||||||||
Granted | 146,165 | 23.69 | ||||||||||||||||||
Restricted stock units at December 31, 2011 | 146,165 | 23.69 | ||||||||||||||||||
Granted | 726,779 | 18.29 | ||||||||||||||||||
Vested | (34,885 | ) | 22.46 | |||||||||||||||||
Forfeited | (15,306 | ) | 20.22 | |||||||||||||||||
Restricted stock units at December 31, 2012 | 822,753 | 19.04 | ||||||||||||||||||
Granted | 949,418 | 25.99 | ||||||||||||||||||
Vested | (160,580 | ) | 20.17 | |||||||||||||||||
Forfeited | (89,553 | ) | 20.13 | |||||||||||||||||
Restricted stock units at December 31, 2013 | 1,522,038 | 23.19 | ||||||||||||||||||
The total fair value at grant date of restricted stock and RSUs vested during the year was $13.1 million in 2013, $15.5 million in 2012, and $17.6 million in 2011. At December 31, 2013, 400,124 shares of restricted stock and 1,146,807 RSUs were expected to vest with an aggregate intrinsic value of $12.0 million and $34.4 million, respectively. | ||||||||||||||||||||
Salary Stock Units | ||||||||||||||||||||
We granted 456,275 SSUs in 2012 and 297,620 in 2011 which vested immediately upon grant. Each SSU represents a right to one share of our common stock. | ||||||||||||||||||||
The 2012 and 2011 SSUs were classified as liabilities and were settled in cash. The amount of cash paid was determined by the number of SSUs being settled and the Company’s average closing common stock price for each trading day during the 30 trading-day period immediately prior to such payment date for the 2012 SSUs, and the Company’s closing common stock price on the date of settlement for the 2011 SSUs. Compensation expense was determined by the actual cash paid to settle the SSUs. | ||||||||||||||||||||
In January 2012, 172,550 of the 2011 SSUs were settled for $3.2 million. The balance of 125,070 2011 SSUs were settled in December 2012 for $2.7 million. In September 2012, 225,214 of the 2012 SSUs were settled for $4.5 million. The balance of 231,061 2012 SSUs were settled in March 2013 for $5.7 million. |
Commitments_Guarantees_Conting
Commitments, Guarantees, Contingent Liabilities, and Related Parties | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Guarantees, Commitments And Contingencies [Abstract] | ' | |||||||
Commitments Contingencies and Guarantees [Text Block] | ' | |||||||
18 | COMMITMENTS, GUARANTEES, CONTINGENT LIABILITIES, AND RELATED PARTIES | |||||||
Commitments and Guarantees | ||||||||
We use certain financial instruments, including derivative instruments, in the normal course of business to meet the financing needs of our customers, to reduce our own exposure to fluctuations in interest rates, and to make a market in U.S. Government, agency, corporate, and municipal securities. These financial instruments involve, to varying degrees, elements of credit, liquidity, and interest rate risk in excess of the amounts recognized in the balance sheet. Derivative instruments are discussed in Notes 8 and 21. | ||||||||
Contractual amounts of the off-balance sheet financial instruments used to meet the financing needs of our customers are as follows: | ||||||||
December 31, | ||||||||
(In thousands) | 2013 | 2012 | ||||||
Commitments to extend credit | $ | 16,174,326 | $ | 14,277,347 | ||||
Standby letters of credit: | ||||||||
Financial | 779,811 | 774,427 | ||||||
Performance | 159,485 | 190,029 | ||||||
Commercial letters of credit | 80,218 | 91,978 | ||||||
Total unfunded lending commitments | $ | 17,193,840 | $ | 15,333,781 | ||||
Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require the payment of a fee. The amount of collateral obtained, if deemed necessary by us upon extension of credit, is based on our initial credit evaluation of the counterparty. Types of collateral vary, but may include accounts receivable, inventory, property, plant and equipment, and income-producing properties. | ||||||||
While establishing commitments to extend credit creates credit risk, a significant portion of such commitments is expected to expire without being drawn upon. As of December 31, 2013, $4.4 billion of commitments expire in 2014. We use the same credit policies and procedures in making commitments to extend credit and conditional obligations as we do for on-balance sheet instruments. These policies and procedures include credit approvals, limits, and monitoring. | ||||||||
We issue standby and commercial letters of credit as conditional commitments generally to guarantee the performance of a customer to a third party. The guarantees are primarily issued to support public and private borrowing arrangements, including commercial paper, bond financing, and similar transactions. Standby letters of credit include remaining commitments of $644 million expiring in 2014 and $295 million expiring thereafter through 2027. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. We generally hold marketable securities and cash equivalents as collateral supporting those commitments for which collateral is deemed necessary. At December 31, 2013, the Company had recorded approximately $8.8 million as a liability for these guarantees, which consisted of $5.5 million attributable to the reserve for unfunded lending commitments and $3.3 million of deferred commitment fees. | ||||||||
Certain mortgage loans sold have limited recourse provisions for periods ranging from three months to one year. The amount of losses resulting from the exercise of these provisions has not been significant. | ||||||||
At December 31, 2013, we had commitments for private equity and other noninterest-bearing investments of $28.3 million. These obligations have no stated maturity. | ||||||||
The contractual or notional amount of financial instruments indicates a level of activity associated with a particular class of financial instrument and is not a reflection of the actual level of risk. As of December 31, 2013 and 2012, the regulatory risk-weighted values assigned to all off-balance sheet financial instruments and derivative instruments described herein were $5.6 billion and $5.0 billion, respectively. | ||||||||
December 31, 2013, we were required to maintain cash balances of $179.1 million with the Federal Reserve Banks to meet minimum balance requirements in accordance with Federal Reserve Board (“FRB”) regulations. | ||||||||
As of December 31, 2013, the Parent has guaranteed approximately $15 million of debt of affiliated trusts issuing trust preferred securities, as discussed in Note 13. | ||||||||
Leases | ||||||||
We have commitments for leasing premises and equipment under the terms of noncancelable capital and operating leases expiring from 2014 to 2052. Premises leased under capital leases at December 31, 2013 were $1.7 million and accumulated amortization was $1.3 million. Amortization applicable to premises leased under capital leases is included in depreciation expense. | ||||||||
Future aggregate minimum rental payments under existing noncancelable operating leases at December 31, 2013 are as follows: | ||||||||
(in thousands) | ||||||||
2014 | $ | 44,857 | ||||||
2015 | 44,815 | |||||||
2016 | 42,712 | |||||||
2017 | 37,071 | |||||||
2018 | 32,186 | |||||||
Thereafter | 135,869 | |||||||
$ | 337,510 | |||||||
Future aggregate minimum rental payments have been reduced by noncancelable subleases as follows: $1.1 million in 2014, $1.3 million in 2015, $1.4 million in 2016, $1.6 million in 2017, $1.6 million in 2018, and $6.3 million thereafter. Aggregate rental expense on operating leases amounted to $58.4 million in 2013, $58.7 million in 2012, and $57.9 million in 2011. | ||||||||
Legal Matters | ||||||||
We are subject to litigation in court and arbitral proceedings, as well as proceedings, investigations, examinations and other actions brought or considered by governmental and self-regulatory agencies. At any given time, litigation may relate to lending, deposit and other customer relationships, vendor and contractual issues, employee matters, intellectual property matters, personal injuries and torts, regulatory and legal compliance, and other matters. While most matters relate to individual claims, we are also subject to putative class action claims and similar broader claims. Current putative class actions and similar claims include the following: | ||||||||
• | a complaint relating to our banking relationships with customers that allegedly engaged in wrongful telemarketing practices in which the plaintiff seeks a trebled monetary award under the federal RICO Act, Reyes v. Zions First National Bank, et. al., pending in the United States District Court for the Eastern District of Pennsylvania; and | |||||||
• | a complaint arising from our banking relationships with Frederick Berg and a number of investment funds controlled by him using the “Meridian” brand name, in which the liquidating trustee for the funds seeks an award from us, on the basis of aiding and abetting and other claims, for monetary damages suffered by victims of a fraud allegedly perpetrated by Berg, In re Consolidated Meridian Funds a/k/a Meridian Investors Trust, Mark Calvert as Liquidating Trustee, et. al. vs. Zions Bancorporation and The Commerce Bank of Washington, N.A., pending in the United States Bankruptcy Court for the Western District of Washington. | |||||||
In the third quarter of 2013, the District Court denied the plaintiff’s motion for class certification in the Reyes case. In the first quarter of 2014, the Third Circuit Court of Appeals approved the plaintiff’s motion to appeal the District Court decision. | ||||||||
Discovery has been completed in the Reyes case, but has not commenced in the Meridian Funds case with respect to aiding and abetting claims. | ||||||||
In the third quarter of 2013, we entered into definitive settlement agreements with respect to complaints relating to allegedly wrongful acts in our processing of overdraft fees on debit card transactions, Barlow, et. al. v. Zions First National Bank and Zions Bancorporation. The settlement agreements, which cover all of our affiliates alleged to have engaged in wrongful processing, were approved by the court in the first quarter of 2014. The aggregate amount of the settlement is reflected in our accruals for legal losses as of December 31, 2013. Another overdraft case, Sadlier, et. al. v. National Bank of Arizona, brought in the Superior Court for the State of Arizona, County of Maricopa, was dismissed with prejudice in the second quarter of 2013. | ||||||||
At any given time, proceedings, investigations, examinations and other actions brought or considered by governmental and self-regulatory agencies may relate to our banking, investment advisory, trust, securities, and other products and services; our customers’ involvement in money-laundering, fraud, securities violations and other illicit activities or our policies and practices relating to such customer activities; and our compliance with the broad range of banking, securities and other laws and regulations applicable to us. At any given time, we may be in the process of responding to subpoenas, requests for documents, data and testimony relating to such matters and engaging in discussions to resolve the matters. Significant investigations and similar inquiries to which we are currently subject relate to: | ||||||||
• | possible money laundering activities of a customer of one of our subsidiary banks and the anti-money laundering practices of that bank (conducted by the United States Attorneys Office for the Southern District of New York); and | |||||||
• | the practices of our subsidiary, Zions Bank; our former subsidiary, NetDeposit, LLC; and possibly other of our affiliates relating primarily to payment processing for allegedly fraudulent telemarketers and other customer types (conducted by the Department of Justice). | |||||||
These two matters appear to be ongoing. | ||||||||
At least quarterly, we review outstanding and new legal matters, utilizing then available information. In accordance with applicable accounting guidance, if we determine that a loss from a matter is probable and the amount of the loss can be reasonably estimated, we establish an accrual for the loss. In the absence of such a determination, no accrual is made. Once established, accruals are adjusted to reflect developments relating to the matters. | ||||||||
In our review, we also assess whether we can determine the range of reasonably possible losses for significant matters in which we are unable to determine that the likelihood of a loss is remote. Because of the difficulty of predicting the outcome of legal matters, discussed subsequently, we are able to meaningfully estimate such a range only for a limited number of matters. We currently estimate the aggregate range of reasonably possible losses for those matters to be from $0 million to roughly $50 million in excess of amounts accrued. This estimated range of reasonably possible losses is based on information available as of December 31, 2013. The matters underlying the estimated range will change from time to time, and actual results may vary significantly from this estimate. Those matters for which a meaningful estimate is not possible are not included within this estimated range and, therefore, this estimated range does not represent our maximum loss exposure. | ||||||||
Based on our current knowledge, we believe that our current estimated liability for litigation and other legal actions and claims, reflected in our accruals and determined in accordance with applicable accounting guidance, is adequate and that liabilities in excess of the amounts currently accrued, if any, arising from litigation and other legal actions and claims for which an estimate as previously described is possible, will not have a material impact on our financial condition, results of operations, or cash flows. However, in light of the significant uncertainties involved in these matters, and the very large or indeterminate damages sought in some of these matters, an adverse outcome in one or more of these matters could be material to our financial condition, results of operations, or cash flows for any given reporting period. | ||||||||
Any estimate or determination relating to the future resolution of litigation, arbitration, governmental or self-regulatory examinations, investigations or actions or similar matters is inherently uncertain and involves significant judgment. This is particularly true in the early stages of a legal matter, when legal issues and facts have not been well articulated, reviewed, analyzed, and vetted through discovery, preparation for trial or hearings, substantive and productive mediation or settlement discussions, or other actions. It is also particularly true with respect to class action and similar claims involving multiple defendants, matters with complex procedural requirements or substantive issues or novel legal theories, and examinations, investigations and other actions conducted or brought by governmental and self-regulatory agencies, in which the normal adjudicative process is not applicable. Accordingly, we usually are unable to determine whether a favorable or unfavorable outcome is remote, reasonably likely, or probable, or to estimate the amount or range of a probable or reasonably likely loss, until relatively late in the course of a legal matter, sometimes not until a number of years have elapsed. Accordingly, our judgments and estimates relating to claims will change from time to time in light of developments and actual outcomes will differ from our estimates. These differences may be material. | ||||||||
Related Party Transactions | ||||||||
We have no material related party transactions requiring disclosure. In the ordinary course of business, the Company and its subsidiary banks extend credit to related parties, including executive officers, directors, principal shareholders, and their associates and related interests. These related party loans are made in compliance with applicable banking regulations under substantially the same terms as comparable third-party lending arrangements. |
Regulatory_Matters
Regulatory Matters | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | ||||||||||||||
Regulatory Capital Requirements [Abstract] | ' | |||||||||||||
Regulatory Matters | ' | |||||||||||||
19 | REGULATORY MATTERS | |||||||||||||
We are subject to various regulatory capital requirements administered by federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory – and possibly additional discretionary – actions by regulators that, if undertaken, could have a direct material effect on our financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, we must meet specific capital guidelines that involve quantitative measures of our assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. Required capital levels are also subject to judgmental review by regulators. | ||||||||||||||
Quantitative measures established by regulation to ensure capital adequacy require us to maintain minimum amounts and ratios (set forth in the following schedule) of Total and Tier 1 capital (as defined in the regulations) to risk-weighted assets (as defined), and of Tier 1 capital (as defined) to average assets (as defined). As of December 31, 2013, we exceeded all capital adequacy requirements to which we are subject. | ||||||||||||||
As of December 31, 2013, all capital ratios of the Company and each of its subsidiary banks exceeded the “well capitalized” levels under the regulatory framework for prompt corrective action. Dividends declared by our subsidiary banks in any calendar year may not, without the approval of the appropriate federal regulators, exceed specified criteria. | ||||||||||||||
In response to the recent severe economic crisis, the determination of appropriate capital levels, particularly for the Company and other “systemically important” financial institutions (“SIFIs”) as determined pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”), is being driven increasingly by the results of comprehensive “stress tests” performed by each financial institution and its various regulators. These stress tests are part of the Federal Reserve’s Comprehensive Capital Analysis and Review (“CCAR”) submission, which is required annually. | ||||||||||||||
The stress tests seek to comprehensively measure all risks to which the institution is exposed, including credit, liquidity, market, operating and other risks, the losses that could result from those risk exposures under adverse scenarios, and the institution’s resulting capital levels. Regulators have indicated that these stress test results will also be an important factor in approving the amounts and timing of capital issuances, dividends and distributions, and stock and securities repurchases. | ||||||||||||||
The actual capital amounts and ratios for the Company and its three largest subsidiary banks are as follows: | ||||||||||||||
Actual | To be well capitalized | |||||||||||||
(Amounts in thousands) | Amount | Ratio | Amount | Ratio | ||||||||||
As of December 31, 2013: | ||||||||||||||
Total capital (to risk-weighted assets) | ||||||||||||||
The Company | $ | 6,621,539 | 14.67 | % | $ | 4,514,553 | 10 | % | ||||||
Zions First National Bank | 1,997,525 | 14.52 | 1,375,347 | 10 | ||||||||||
California Bank & Trust | 1,252,860 | 13.65 | 917,950 | 10 | ||||||||||
Amegy Bank N.A. | 1,714,314 | 14.86 | 1,153,382 | 10 | ||||||||||
Tier 1 capital (to risk-weighted assets) | ||||||||||||||
The Company | 5,763,463 | 12.77 | 2,708,732 | 6 | ||||||||||
Zions First National Bank | 1,831,720 | 13.32 | 825,208 | 6 | ||||||||||
California Bank & Trust | 1,137,848 | 12.4 | 550,770 | 6 | ||||||||||
Amegy Bank N.A. | 1,569,696 | 13.61 | 692,029 | 6 | ||||||||||
Tier 1 capital (to average assets) | ||||||||||||||
The Company | 5,763,463 | 10.48 | na | na 1 | ||||||||||
Zions First National Bank | 1,831,720 | 10.02 | 913,592 | 5 | ||||||||||
California Bank & Trust | 1,137,848 | 10.75 | 529,067 | 5 | ||||||||||
Amegy Bank N.A. | 1,569,696 | 12.09 | 649,387 | 5 | ||||||||||
As of December 31, 2012: | ||||||||||||||
Total capital (to risk-weighted assets) | ||||||||||||||
The Company | $ | 6,616,521 | 15.05 | % | $ | 4,396,983 | 10 | % | ||||||
Zions First National Bank | 2,034,662 | 14.17 | 1,435,690 | 10 | ||||||||||
California Bank & Trust | 1,222,822 | 14.18 | 862,218 | 10 | ||||||||||
Amegy Bank N.A. | 1,598,708 | 15.17 | 1,054,110 | 10 | ||||||||||
Tier 1 capital (to risk-weighted assets) | ||||||||||||||
The Company | 5,883,669 | 13.38 | 2,638,190 | 6 | ||||||||||
Zions First National Bank | 1,861,218 | 12.96 | 861,414 | 6 | ||||||||||
California Bank & Trust | 1,114,315 | 12.92 | 517,331 | 6 | ||||||||||
Amegy Bank N.A. | 1,466,001 | 13.91 | 632,466 | 6 | ||||||||||
Tier 1 capital (to average assets) | ||||||||||||||
The Company | 5,883,669 | 10.96 | na | na 1 | ||||||||||
Zions First National Bank | 1,861,218 | 10.58 | 879,719 | 5 | ||||||||||
California Bank & Trust | 1,114,315 | 10.37 | 537,534 | 5 | ||||||||||
Amegy Bank N.A. | 1,466,001 | 12.03 | 609,319 | 5 | ||||||||||
1 | There is no Tier 1 leverage ratio component in the definition of a well capitalized bank holding company. | |||||||||||||
Basel III Capital Framework | ||||||||||||||
In July 2013, the Federal Reserve published final rules establishing a new capital framework for U.S. banking organizations. These new rules implement the Basel Committee’s December 2010 framework, commonly referred to as Basel III, and will become effective for the Company on January 1, 2015, with the fully phased-in requirements becoming effective in 2018. | ||||||||||||||
Among other things, the new rules revise capital adequacy guidelines and the regulatory framework for prompt corrective action, and they modify specified quantitative measures of our assets, liabilities, and capital. The impact of these new rules will require the Company to maintain capital in excess of current “well-capitalized” regulatory standards, and in excess of historical levels. |
Retirement_Plans
Retirement Plans | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||||||||||||
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract] | ' | ||||||||||||||||||||||||||||||||||||||
Retirement Plans | ' | ||||||||||||||||||||||||||||||||||||||
ETIREMENT PLANS | |||||||||||||||||||||||||||||||||||||||
Defined Benefit Plans | |||||||||||||||||||||||||||||||||||||||
Pension – This qualified noncontributory defined benefit plan has been frozen to new participation. No service-related benefits accrued for existing participants except for those with certain grandfathering provisions. Effective July 1, 2013, the plan was amended to remove the exception for grandfathered participants. The effect of this change was not significant to the plan. Benefits vest under the plan upon completion of five years of vesting service. Plan assets consist principally of corporate equity securities, mutual fund investments, real estate, and fixed income investments. Plan benefits are paid as a lump-sum cash value or an annuity at retirement age. Contributions to the plan are based on actuarial recommendation and pension regulations. Currently, it is expected that no minimum regulatory contributions will be required in 2014 or 2015. | |||||||||||||||||||||||||||||||||||||||
Supplemental Retirement – These unfunded nonqualified plans are for certain current and former employees. Each year, Company contributions to these plans are made in amounts sufficient to meet benefit payments to plan participants. | |||||||||||||||||||||||||||||||||||||||
Postretirement Medical/Life – This unfunded health care and life insurance plan provides postretirement medical benefits to certain full-time employees who meet minimum age and service requirements. The plan also provides specified life insurance benefits to certain employees. The plan is contributory with retiree contributions adjusted annually, and contains other cost-sharing features such as deductibles and coinsurance. Plan coverage is provided by self-funding or health maintenance organization options. Our contribution towards the retiree medical premium has been permanently frozen at an amount that does not increase in any future year. Retirees pay the difference between the full premium rates and our capped contribution. | |||||||||||||||||||||||||||||||||||||||
Because our contribution rate is capped, there is no effect on the postretirement plan from assumed increases or decreases in health care cost trends. Each year, Company contributions to the plan are made in amounts sufficient to meet the portion of the premiums that are the Company’s responsibility. | |||||||||||||||||||||||||||||||||||||||
The following presents the change in benefit obligation, change in fair value of plan assets, and funded status, of the plans and amounts recognized in the balance sheet as of the measurement date of December 31. | |||||||||||||||||||||||||||||||||||||||
Pension | Supplemental | Postretirement | |||||||||||||||||||||||||||||||||||||
Retirement | |||||||||||||||||||||||||||||||||||||||
(In thousands) | 2013 | 2012 | 2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||||||||||||||
Change in benefit obligation: | |||||||||||||||||||||||||||||||||||||||
Benefit obligation at beginning of year | $ | 191,208 | $ | 184,141 | $ | 11,234 | $ | 11,357 | $ | 1,129 | $ | 1,149 | |||||||||||||||||||||||||||
Service cost | — | 29 | — | — | 32 | 36 | |||||||||||||||||||||||||||||||||
Interest cost | 6,885 | 7,558 | 404 | 460 | 41 | 47 | |||||||||||||||||||||||||||||||||
Actuarial (gain) loss | (16,341 | ) | 9,693 | (426 | ) | 481 | (53 | ) | (27 | ) | |||||||||||||||||||||||||||||
Settlements | 96 | — | — | — | — | — | |||||||||||||||||||||||||||||||||
Benefits paid | (12,756 | ) | (10,213 | ) | (936 | ) | (1,064 | ) | (87 | ) | (76 | ) | |||||||||||||||||||||||||||
Benefit obligation at end of year | 169,092 | 191,208 | 10,276 | 11,234 | 1,062 | 1,129 | |||||||||||||||||||||||||||||||||
Change in fair value of plan assets: | |||||||||||||||||||||||||||||||||||||||
Fair value of plan assets at beginning of year | 157,082 | 147,444 | — | — | — | — | |||||||||||||||||||||||||||||||||
Actual return on plan assets | 27,579 | 19,851 | — | — | — | — | |||||||||||||||||||||||||||||||||
Employer contributions | — | — | 936 | 1,064 | 87 | 76 | |||||||||||||||||||||||||||||||||
Benefits paid | (12,756 | ) | (10,213 | ) | (936 | ) | (1,064 | ) | (87 | ) | (76 | ) | |||||||||||||||||||||||||||
Fair value of plan assets at end of year | 171,905 | 157,082 | — | — | — | — | |||||||||||||||||||||||||||||||||
Funded status | $ | 2,813 | $ | (34,126 | ) | $ | (10,276 | ) | $ | (11,234 | ) | $ | (1,062 | ) | $ | (1,129 | ) | ||||||||||||||||||||||
Amounts recognized in balance sheet: | |||||||||||||||||||||||||||||||||||||||
Asset (liability) for pension/postretirement benefits | $ | 2,813 | $ | (34,126 | ) | $ | (10,276 | ) | $ | (11,234 | ) | $ | (1,062 | ) | $ | (1,129 | ) | ||||||||||||||||||||||
Accumulated other comprehensive income (loss) | (39,082 | ) | (80,743 | ) | (1,968 | ) | (2,587 | ) | 354 | 526 | |||||||||||||||||||||||||||||
Accumulated other comprehensive income (loss) consists of: | |||||||||||||||||||||||||||||||||||||||
Net gain (loss) | $ | (39,082 | ) | $ | (80,743 | ) | $ | (1,918 | ) | $ | (2,412 | ) | $ | 354 | $ | 376 | |||||||||||||||||||||||
Prior service credit (cost) | — | — | (50 | ) | (175 | ) | — | 150 | |||||||||||||||||||||||||||||||
$ | (39,082 | ) | $ | (80,743 | ) | $ | (1,968 | ) | $ | (2,587 | ) | $ | 354 | $ | 526 | ||||||||||||||||||||||||
The liability for pension/postretirement benefits is included in other liabilities in the balance sheet. The accumulated benefit obligation is the same as the benefit obligation shown in the preceding schedule. | |||||||||||||||||||||||||||||||||||||||
The amounts in accumulated other comprehensive income (loss) at December 31, 2013 expected to be recognized as an expense component of net periodic benefit cost in 2014 for the plans are estimated as follows: | |||||||||||||||||||||||||||||||||||||||
(In thousands) | Pension | Supplemental Retirement | Postretirement | ||||||||||||||||||||||||||||||||||||
Net gain (loss) | $ | (3,187 | ) | $ | (33 | ) | $ | 71 | |||||||||||||||||||||||||||||||
Prior service credit (cost) | — | (50 | ) | — | |||||||||||||||||||||||||||||||||||
$ | (3,187 | ) | $ | (83 | ) | $ | 71 | ||||||||||||||||||||||||||||||||
The following presents the components of net periodic benefit cost (credit) for the plans: | |||||||||||||||||||||||||||||||||||||||
Pension | Supplemental | Postretirement | |||||||||||||||||||||||||||||||||||||
Retirement | |||||||||||||||||||||||||||||||||||||||
(In thousands) | 2013 | 2012 | 2011 | 2013 | 2012 | 2011 | 2013 | 2012 | 2011 | ||||||||||||||||||||||||||||||
Service cost | $ | — | $ | 29 | $ | 100 | $ | — | $ | — | $ | — | $ | 32 | $ | 36 | $ | 32 | |||||||||||||||||||||
Interest cost | 6,885 | 7,558 | 8,336 | 404 | 460 | 558 | 41 | 47 | 54 | ||||||||||||||||||||||||||||||
Expected return on plan assets | (12,109 | ) | (11,308 | ) | (12,443 | ) | |||||||||||||||||||||||||||||||||
Amortization of net actuarial (gain) loss | 8,132 | 9,184 | 5,290 | 70 | (114 | ) | (16 | ) | (75 | ) | (87 | ) | (125 | ) | |||||||||||||||||||||||||
Amortization of prior service (credit) cost | 124 | 124 | 124 | (151 | ) | (244 | ) | (244 | ) | ||||||||||||||||||||||||||||||
Settlement loss | 1,814 | — | — | — | |||||||||||||||||||||||||||||||||||
Net periodic benefit cost (credit) | $ | 4,722 | $ | 5,463 | $ | 1,283 | $ | 598 | $ | 470 | $ | 666 | $ | (153 | ) | $ | (248 | ) | $ | (283 | ) | ||||||||||||||||||
Weighted average assumptions based on the pension plan are the same where applicable for each of the plans and are as follows: | |||||||||||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||||||||
Used to determine benefit obligation at year-end: | |||||||||||||||||||||||||||||||||||||||
Discount rate | 4.6 | % | 3.75 | % | 4.25 | % | |||||||||||||||||||||||||||||||||
Rate of compensation increase 1 | na | 3.5 | 3.5 | ||||||||||||||||||||||||||||||||||||
Used to determine net periodic benefit cost for the years ended December 31: | |||||||||||||||||||||||||||||||||||||||
Discount rate | 3.75 | 4.25 | 5.2 | ||||||||||||||||||||||||||||||||||||
Expected long-term return on plan assets | 8 | 8 | 8 | ||||||||||||||||||||||||||||||||||||
Rate of compensation increase | 3.5 | 3.5 | 3.5 | ||||||||||||||||||||||||||||||||||||
1 | As previously discussed, the pension plan became fully frozen effective July 1, 2013 by a plan amendment that eliminated the remaining grandfather provisions. This action eliminated the need to continue using the rate of compensation increase assumption as of December 31, 2013. | ||||||||||||||||||||||||||||||||||||||
The discount rate reflects the yields available on long-term, high-quality fixed income debt instruments with cash flows similar to the obligations of the pension plan, and is reset annually on the measurement date. The expected long-term rate of return on plan assets is based on a review of the target asset allocation of the plan. This rate is intended to approximate the long-term rate of return that we anticipate receiving on the plan’s investments, considering the mix of the assets that the plan holds as investments, the expected return on these underlying investments, the diversification of these investments, and the rebalancing strategies employed. An expected long-term rate of return is assumed for each asset class and an underlying inflation rate assumption is determined. The projected rate of compensation increases is management’s estimate of future pay increases that the remaining eligible employees will receive until their retirement. | |||||||||||||||||||||||||||||||||||||||
Benefit payments to the plans’ participants, which reflect expected future service as appropriate, are estimated as follows for the years succeeding December 31, 2013: | |||||||||||||||||||||||||||||||||||||||
(In thousands) | Pension | Supplemental Retirement | Postretirement | ||||||||||||||||||||||||||||||||||||
2014 | $ | 10,338 | $ | 2,056 | $ | 96 | |||||||||||||||||||||||||||||||||
2015 | 9,822 | 833 | 100 | ||||||||||||||||||||||||||||||||||||
2016 | 9,547 | 1,073 | 105 | ||||||||||||||||||||||||||||||||||||
2017 | 10,133 | 799 | 109 | ||||||||||||||||||||||||||||||||||||
2018 | 10,543 | 794 | 106 | ||||||||||||||||||||||||||||||||||||
Years 2019 - 2023 | 53,674 | 3,642 | 451 | ||||||||||||||||||||||||||||||||||||
We are also obligated under other supplemental retirement plans for certain current and former employees. Our liability for these plans was $6.0 million and $6.3 million at December 31, 2013 and 2012, respectively. | |||||||||||||||||||||||||||||||||||||||
For the pension plan, the investment strategy is predicated on its investment objectives and the risk and return expectations of asset classes appropriate for the plan. Investment objectives have been established by considering the plan’s liquidity needs and time horizon and the fiduciary standards under the Employee Retirement Income Security Act of 1974. The asset allocation strategy is developed to meet the plan’s long-term needs in a manner designed to control volatility and to reflect risk tolerance. Target investment allocation percentages as of December 31, 2013 are 65% in equity, 30% in fixed income and cash, and 5% in real estate assets. | |||||||||||||||||||||||||||||||||||||||
The following presents the fair values of pension plan investments according to the fair value hierarchy described in Note 21, and the weighted average allocations: | |||||||||||||||||||||||||||||||||||||||
(Amounts in thousands) | December 31, 2013 | December 31, 2012 | |||||||||||||||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | % | Level 1 | Level 2 | Level 3 | Total | % | ||||||||||||||||||||||||||||||
Company common stock | $ | 8,098 | $ | 8,098 | 5 | $ | 6,890 | $ | 6,890 | 4 | |||||||||||||||||||||||||||||
Mutual funds: | |||||||||||||||||||||||||||||||||||||||
Equity | — | — | — | 4,407 | 4,407 | 3 | |||||||||||||||||||||||||||||||||
Debt | 6,559 | 6,559 | 4 | 6,848 | 6,848 | 4 | |||||||||||||||||||||||||||||||||
Insurance company pooled separate accounts: | |||||||||||||||||||||||||||||||||||||||
Equity investments | $ | 102,603 | 102,603 | 60 | $ | 85,938 | 85,938 | 55 | |||||||||||||||||||||||||||||||
Debt investments | 29,091 | 29,091 | 17 | 27,566 | 27,566 | 18 | |||||||||||||||||||||||||||||||||
Real estate | 7,680 | 7,680 | 4 | 6,875 | 6,875 | 4 | |||||||||||||||||||||||||||||||||
Guaranteed deposit account | $ | 12,582 | 12,582 | 7 | $ | 13,869 | 13,869 | 9 | |||||||||||||||||||||||||||||||
Limited partnerships | 5,292 | 5,292 | 3 | 4,689 | 4,689 | 3 | |||||||||||||||||||||||||||||||||
$ | 14,657 | $ | 139,374 | $ | 17,874 | $ | 171,905 | 100 | $ | 18,145 | $ | 120,379 | $ | 18,558 | $ | 157,082 | 100 | ||||||||||||||||||||||
No transfers of assets occurred among Levels 1, 2 or 3 during 2013 or 2012. | |||||||||||||||||||||||||||||||||||||||
The following describes the pension plan investments and the valuation methodologies used to measure their fair value: | |||||||||||||||||||||||||||||||||||||||
Company common stock – Shares of the Company’s common stock are valued at the last reported sales price on the last business day of the plan year in the active market where individual securities are traded. | |||||||||||||||||||||||||||||||||||||||
Mutual funds – These funds are valued at quoted market prices which represent the net asset values of shares held by the plan at year-end. | |||||||||||||||||||||||||||||||||||||||
Insurance company pooled separate accounts – These funds are invested in by more than one investor. They are offered through separate accounts of the trustee’s insurance company and managed by internal and professional advisors. Participation units in these accounts are valued at the net asset value as the practical expedient for fair value as determined by the insurance company. Generally, there are no redemption restrictions for these funds. The redemption frequency is daily with a required notice period of one day for amounts less than $1 million and three days for amounts equal to or greater than $1 million. | |||||||||||||||||||||||||||||||||||||||
Guaranteed deposit account – This account is a group annuity product issued by the trustee’s insurance company with guaranteed crediting rates established at the beginning of each calendar year. The account balance is stated at fair value as estimated by the trustee. The account is credited with deposits made, plus earnings at guaranteed crediting rates, less withdrawals and administrative expenses. The underlying investments generally include investment grade public and privately traded debt securities, mortgage loans and, to a lesser extent, real estate and other equity investments. Market value adjustments are applied at the time of redemption if certain withdrawal limits are exceeded. | |||||||||||||||||||||||||||||||||||||||
Additional fair value quantitative information for the guaranteed deposit account, as measured under Level 3, is a follows: | |||||||||||||||||||||||||||||||||||||||
Principal valuation techniques | Significant unobservable inputs | Range (weighted average) | |||||||||||||||||||||||||||||||||||||
of significant input values | |||||||||||||||||||||||||||||||||||||||
For the underlying investments – reported fair values when available for market traded investments; when not applicable, discounted cash flows under an income approach using U.S. Treasury rates and spreads based on cash flow timing and quality of assets. | Earnings at guaranteed crediting rate | Gross guaranteed crediting rate must be greater than or equal to contractual minimum crediting rate | |||||||||||||||||||||||||||||||||||||
Composite market value factor | December 31, | ||||||||||||||||||||||||||||||||||||||
2013 | 0.988035 - 1.073235 (actual =.05329) | ||||||||||||||||||||||||||||||||||||||
2012 | 1.029720 - 1.119776 (actual =.08063) | ||||||||||||||||||||||||||||||||||||||
The Company’s Benefits Committee evaluates the methodology and factors used, including review of the contract, economic conditions, industry and market developments, and overall credit ratings of the underlying investments. | |||||||||||||||||||||||||||||||||||||||
Limited partnerships – These partnerships invest in limited partnerships, limited liability companies, or similar investment vehicles that consist of private equity investments in a wide variety of investment types, including venture and growth capital, real estate, energy and natural resources, and other private investments. The plan’s investments are estimated at fair value and determined from the partnerships’ capital account balances for the plan’s proportional interests. The capital accounts are credited with realized and unrealized earnings from the underlying investments and charged for operating expenses and distributions. Investments in these partnerships are illiquid and voluntary withdrawal is prohibited. | |||||||||||||||||||||||||||||||||||||||
Fair value for these partnerships is also measured under Level 3. However, the plan does not have additional fair value quantitative information similar to the guaranteed deposit account. A variety of methodologies under Level 3 are used to estimate the fair value of underlying investments. These include best estimates of fair value by the general partner, results of any meaningful third party market transactions, consideration of financial condition and operating results of the issuer, estimates of amounts expected to be realized upon sale, and any other factors considered relevant by the general partner. The information that is provided by the limited partnerships is included in the annual review process of the Company’s Benefits Committee, which has concluded that the fair values were developed in accordance with GAAP. | |||||||||||||||||||||||||||||||||||||||
Shares of Company common stock were 270,305 and 321,964 at December 31, 2013 and 2012, respectively. Dividends received by the plan were approximately $41 thousand in 2013 and $15 thousand in 2012. | |||||||||||||||||||||||||||||||||||||||
The following reconciles the beginning and ending balances of assets measured at fair value on a recurring basis using Level 3 inputs: | |||||||||||||||||||||||||||||||||||||||
Level 3 Instruments 1 | |||||||||||||||||||||||||||||||||||||||
Year Ended December 31, | |||||||||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||||||||
(In thousands) | Guaranteed deposit account | Limited partnerships | Guaranteed deposit account | Limited partnerships | |||||||||||||||||||||||||||||||||||
Balance at beginning of year | $ | 13,869 | $ | 4,689 | $ | 12,476 | $ | 4,149 | |||||||||||||||||||||||||||||||
Net increases (decreases) included in plan statement of change in net assets available for benefits: | |||||||||||||||||||||||||||||||||||||||
Net operating fees and expenses | (346 | ) | (83 | ) | (362 | ) | (59 | ) | |||||||||||||||||||||||||||||||
Net appreciation (depreciation) in fair value of investments: | |||||||||||||||||||||||||||||||||||||||
Realized | — | (74 | ) | — | (98 | ) | |||||||||||||||||||||||||||||||||
Unrealized | (398 | ) | 732 | 372 | 542 | ||||||||||||||||||||||||||||||||||
Interest and dividends | 486 | — | 525 | — | |||||||||||||||||||||||||||||||||||
Purchases | 11,722 | 760 | 11,070 | 1,005 | |||||||||||||||||||||||||||||||||||
Sales | (12,751 | ) | — | (10,212 | ) | — | |||||||||||||||||||||||||||||||||
Settlements | — | (732 | ) | — | (850 | ) | |||||||||||||||||||||||||||||||||
Balance at end of year | $ | 12,582 | $ | 5,292 | $ | 13,869 | $ | 4,689 | |||||||||||||||||||||||||||||||
1Certain 2012 amounts have been reclassified, including disclosure on a gross basis, to conform with the presentation in 2013. | |||||||||||||||||||||||||||||||||||||||
Defined Contribution Plan | |||||||||||||||||||||||||||||||||||||||
The Company offers a 401(k) and employee stock ownership plan under which employees select from several investment alternatives. Employees can contribute up to 80% of their earnings subject to the annual maximum allowed contribution. The Company matches 100% of the first 3% of employee contributions and 50% of the next 2% of employee contributions. Matching contributions to participants, which were shares of the Company’s common stock purchased in the open market, amounted to $22.7 million in 2013, $21.6 million in 2012, and $21.0 million in 2011. | |||||||||||||||||||||||||||||||||||||||
The 401(k) plan also has a noncontributory profit sharing feature which is discretionary and may range from 0% to 6% of eligible compensation based upon the Company’s return on average common equity for the year. For all years presented, the profit sharing expense was computed at a contribution rate of 2%, and amounted to $11.8 million for both 2013 and 2012, and $11.7 million for 2011. The profit sharing contribution to participants consisted of shares of the Company’s common stock purchased in the open market. |
Fair_Value
Fair Value | 12 Months Ended | |||||||||||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||||||||||||||||
Fair Value | ' | |||||||||||||||||||||||||||||||
Fair Value Measurement | ||||||||||||||||||||||||||||||||
Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. To measure fair value, a hierarchy has been established that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs. This hierarchy uses three levels of inputs to measure the fair value of assets and liabilities as follows: | ||||||||||||||||||||||||||||||||
Level 1 – Quoted prices in active markets for identical assets or liabilities in active markets that the Company has the ability to access; | ||||||||||||||||||||||||||||||||
Level 2 – Observable inputs other than Level 1 including quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in less active markets, observable inputs other than quoted prices that are used in the valuation of an asset or liability, and inputs that are derived principally from or corroborated by observable market data by correlation or other means; and | ||||||||||||||||||||||||||||||||
Level 3 – Unobservable inputs supported by little or no market activity for financial instruments whose value is determined by pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. | ||||||||||||||||||||||||||||||||
The level in the fair value hierarchy within which the fair value measurement is classified is determined based on the lowest level input that is significant to the fair value measure in its entirety. Market activity is presumed to be orderly in the absence of evidence of forced or disorderly sales, although such sales may still be indicative of fair value. Applicable accounting guidance precludes the use of blockage factors or liquidity adjustments due to the quantity of securities held by an entity. | ||||||||||||||||||||||||||||||||
We use fair value to measure certain assets and liabilities on a recurring basis when fair value is the primary measure for accounting. Fair value is used on a nonrecurring basis to measure certain assets when adjusting carrying values, such as the application of lower of cost or fair value accounting, including recognition of impairment on assets. Fair value on a nonrecurring basis is also used when providing required disclosures for certain financial instruments. | ||||||||||||||||||||||||||||||||
Fair Value Policies and Procedures | ||||||||||||||||||||||||||||||||
We have various policies, processes and controls in place to ensure that fair values are reasonably developed, reviewed and approved for use. These include a Securities Valuation and Securitization Oversight Committee (“SOC”) comprised of executive management that reports directly to the Board of Directors. The SOC reviews and approves on a quarterly basis the key components of fair value estimation, including critical valuation assumptions for Level 3 modeling. Attribution analyses are completed when significant changes occur between quarters. The SOC also requires quarterly back testing of certain significant assumptions. A Model Risk Management Group conducts model validations, including the internal model, and sets policies and procedures for revalidation, including the timing of revalidation. | ||||||||||||||||||||||||||||||||
Third Party Service Providers | ||||||||||||||||||||||||||||||||
We use a third party pricing service to provide pricing for approximately 90% of our AFS Level 2 securities, and an internal model that uses certain third party models to estimate fair value for approximately 93% of our AFS Level 3 securities. Fair values for the remaining AFS Level 2 and Level 3 securities generally use standard form discounted cash flow modeling with certain inputs corroborated by market data. | ||||||||||||||||||||||||||||||||
For Level 2 securities, the third party pricing service provides documentation on an ongoing basis that presents market corroborative data, including detail pricing information and market reference data. We review, test and validate this information as appropriate. | ||||||||||||||||||||||||||||||||
For Level 3 securities, we review and evaluate on a quarterly basis the relevant third party modeling assumptions and compare them to those used in our own internal models. We also compare modeling results and valuations with our own information about market trends and trading data. | ||||||||||||||||||||||||||||||||
Absent observable trade data, we do not adjust prices from our third party sources. The procedures described help ensure that resulting fair value estimates were determined in accordance with applicable accounting guidance. | ||||||||||||||||||||||||||||||||
The following describes the hierarchy designations, valuation methodologies, and key inputs to measure fair value on a recurring basis for designated financial instruments: | ||||||||||||||||||||||||||||||||
Available-for-Sale and Trading Securities | ||||||||||||||||||||||||||||||||
U.S. Treasury, Agencies and Corporations | ||||||||||||||||||||||||||||||||
U.S. Treasury securities are measured under Level 1 using quoted market prices. U.S. agencies and corporations are measured under Level 2 generally using the previously-discussed third party pricing service. | ||||||||||||||||||||||||||||||||
Municipal Securities | ||||||||||||||||||||||||||||||||
Municipal securities are measured under Level 2 using the third party pricing service, or under Level 3 using a discounted cash flow approach. Valuation inputs include BBB and Baa municipal curves, as well as FHLB and LIBOR/Swap curves. Additional valuation inputs include internal credit scoring, and security- and client-type groupings. | ||||||||||||||||||||||||||||||||
Asset-Backed Securities: Trust Preferred Collateralized Debt Obligations | ||||||||||||||||||||||||||||||||
The CDO portfolio is measured under Level 3 primarily with the internal model using an income-based cash flow modeling approach incorporating several methodologies. The Company inputs its own key valuation assumptions: | ||||||||||||||||||||||||||||||||
Trust preferred – banks and insurance – We use an internal model for our bank and insurance CDO securities. Our “ratio-based approach” utilizes a statistical regression of regulatory ratios we have identified as predictive of future bank failures and bank holding company defaults to create a credit-specific PD for each bank issuer. The approach generally references trailing quarter regulatory data, financial ratios and macroeconomic factors. | ||||||||||||||||||||||||||||||||
For approximately one third of bank collateral issuers at December 31, 2013, which are public companies, we use the higher of the PDs from a third party proprietary reduced form model dependent, upon equity valuation, and that produced by our ratio-based approach. | ||||||||||||||||||||||||||||||||
The PDs used depend on whether the collateral is performing or deferring. Deferring PDs increase, all else being equal, as the deferral ages and approaches the end of its allowable five-year deferral period. The internal model includes the expectation that deferrals that do not default will pay their contractually required back interest and return to a current status at the end of five years. Estimates of loss for the individual pieces of underlying collateral are aggregated to arrive at a pool-level loss rate for each CDO. These loss assumptions are applied to the CDO’s structure to generate cash flow projections for each tranche of the CDO. | ||||||||||||||||||||||||||||||||
We utilize a present value technique to identify both the OTTI present in the CDO tranches and to estimate fair value. To estimate fair value, we discount the credit-adjusted cash flows of each CDO tranche at a tranche-specific discount rate which reflects the risk that the actual cash flow may vary from the expected credit-adjusted cash flow for that CDO tranche. This rate is consistent with market participants’ assumptions and is applied to credit adjusted cash flows. We follow applicable guidance on illiquid markets such that risk premiums should be reflective of an orderly transaction between market participants under current market conditions. Because these securities are not traded on exchanges and trading prices are not posted on the TRACE® system (Trade Reporting and Compliance Engine®), we also seek information from market participants to obtain trade price information. | ||||||||||||||||||||||||||||||||
The discount rate assumption used for valuation purposes for each CDO tranche is derived from trading yields on publicly traded trust preferred securities as well as observed trades in our CDO tranches and tranches within our CDO in accordance with applicable accounting guidance. The data set generally includes one or more publicly-traded trust preferred securities in deferral with regard to the payment of current interest and observed trades in our CDO tranches which appeared to be either orderly (that is, not distressed or forced); or whose orderliness could not be definitively refuted. Trading data is generally limited to a few transactions in each of several of our original AAA-rated tranches, several of our original A-rated tranches, and many trades of tranches within our same CDO. | ||||||||||||||||||||||||||||||||
The effective yields on the traded securities are then used to determine a relationship between the effective yield and the loss or downside variability of the returns of each CDO security. The loss/downside variability for this purpose is a measure of the downside variability of cash flows from the mean estimate of cash flow. This relationship is then considered along with other third party or market data to identify appropriate discount rates to be applied to the CDOs. | ||||||||||||||||||||||||||||||||
CDO tranches with greater uncertainty in their cash flows are discounted at rates higher than those market participants would use for tranches with more stable expected cash flows (e.g., as a result of more subordination and/or better credit quality in the underlying collateral). | ||||||||||||||||||||||||||||||||
During 2013, deferral and default assumptions increased consistent with certain observed deferrals continuing past the allowable five years without resolution, and our inclusion of deferral vintage outcome data for the recent cycle. We expect to recreate or recalibrate deferral resolution experience as the outcomes for more deferring issuers become known over time. | ||||||||||||||||||||||||||||||||
Trust preferred – REITS, Other (including ABS CDOs) – Most of these CDOs are measured under Level 3 by other third party pricing services using their proprietary models. Our review and evaluation of their estimates was previously discussed. | ||||||||||||||||||||||||||||||||
Auction Rate Securities | ||||||||||||||||||||||||||||||||
Auction rate securities are measured under Level 3 primarily using valuation inputs that include AAA corporate bond yield curves, municipal yield curves, credit ratings and leverage of each closed-end fund, market yields for commercial paper, and any observable trade commentaries. | ||||||||||||||||||||||||||||||||
Bank-Owned Life Insurance | ||||||||||||||||||||||||||||||||
Bank-owned life insurance is measured under Level 2 according to reported cash surrender values (“CSVs”) of the insurance contracts. Nearly all CSVs are based on valuations and earnings of the underlying assets in the insurance companies’ general accounts. The underlying investments include predominantly fixed income securities consisting of investment grade corporate bonds and various types of mortgage instruments. Average duration ranges from five to eight years. Management regularly reviews investment performance, including concentrations of investments and regulatory restrictions. | ||||||||||||||||||||||||||||||||
Private Equity Investments | ||||||||||||||||||||||||||||||||
Private equity investments are measured under Level 2 or Level 3. The Other Equity Investments Committee, consisting of executives familiar with the investments, reviews periodic financial information, including audited financial statements when available. The amount of unfunded commitments to these partnerships is disclosed in Note 18. Certain restrictions apply for the redemption of these investments. Approximately $58 million of private equity investments at December 31, 2013 are prohibited by the Volcker Rule. | ||||||||||||||||||||||||||||||||
Private equity investments under Level 2 include partnerships that invest in certain financial services and real estate companies, some of which are publicly traded. Fair values are determined from net asset values, or their equivalents, provided by the partnerships. These fair values are determined on the last business day of the month using values from the primary exchange. In the case of illiquid or nontraded assets, the partnerships obtain fair values from independent sources. | ||||||||||||||||||||||||||||||||
Private equity investments under Level 3 are recorded at acquisition cost, which is initially considered the best indication of fair value. Subsequent adjustments to recorded fair values are based on current and projected financial performance, recent financing activities, economic and market conditions, market comparables, market liquidity, sales restrictions, and other factors. | ||||||||||||||||||||||||||||||||
Derivatives | ||||||||||||||||||||||||||||||||
Derivatives are measured according to their classification as either exchange-traded or over-the-counter (“OTC”). Exchange-traded derivatives consist of forward currency exchange contracts measured under Level 1 because they are traded in active markets. OTC derivatives, including those for customers, consist of interest rate swaps and options. These derivatives are measured under Level 2 using third party services. Observable market inputs include yield curves (the LIBOR swap curve and applicable basis swap curves), foreign exchange rates, commodity prices, option volatilities, counterparty credit risk, and other related data. Credit valuation adjustments are required to reflect nonperformance risk for both the Company and the respective counterparty. These adjustments are determined generally by applying a credit spread to the total expected exposure of the derivative. Amounts disclosed in the following schedules differ from the presentation in Note 8 because they are presented on a net basis. The estimation of fair value for the TRS is discussed in Note 8. | ||||||||||||||||||||||||||||||||
Securities Sold, Not Yet Purchased | ||||||||||||||||||||||||||||||||
Securities sold, not yet purchased are measured under Level 1 using quoted market prices. If not available, quoted prices under Level 2 for similar securities are used. | ||||||||||||||||||||||||||||||||
Quantitative Disclosure by Fair Value Hierarchy | ||||||||||||||||||||||||||||||||
Assets and liabilities measured at fair value by class on a recurring basis are summarized as follows: | ||||||||||||||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||||||||
(In thousands) | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||||||||||
Investment securities: | ||||||||||||||||||||||||||||||||
Available-for-sale: | ||||||||||||||||||||||||||||||||
U.S. Treasury, agencies and corporations | $ | 2,059,105 | $ | 2,059,105 | ||||||||||||||||||||||||||||
Municipal securities | 55,602 | $ | 10,662 | 66,264 | ||||||||||||||||||||||||||||
Asset-backed securities: | ||||||||||||||||||||||||||||||||
Trust preferred – banks and insurance | 1,238,820 | 1,238,820 | ||||||||||||||||||||||||||||||
Trust preferred – real estate investment trusts | 22,996 | 22,996 | ||||||||||||||||||||||||||||||
Auction rate | 6,599 | 6,599 | ||||||||||||||||||||||||||||||
Other (including ABS CDOs) | 2,099 | 25,800 | 27,899 | |||||||||||||||||||||||||||||
Mutual funds and other | $ | 259,750 | 20,453 | 280,203 | ||||||||||||||||||||||||||||
259,750 | 2,137,259 | 1,304,877 | 3,701,886 | |||||||||||||||||||||||||||||
Trading account | 34,559 | 34,559 | ||||||||||||||||||||||||||||||
Other noninterest-bearing investments: | ||||||||||||||||||||||||||||||||
Bank-owned life insurance | 466,428 | 466,428 | ||||||||||||||||||||||||||||||
Private equity | 4,822 | 82,410 | 87,232 | |||||||||||||||||||||||||||||
Other assets: | ||||||||||||||||||||||||||||||||
Derivatives: | ||||||||||||||||||||||||||||||||
Interest rate related and other | 1,100 | 1,100 | ||||||||||||||||||||||||||||||
Interest rate swaps for customers | 55,447 | 55,447 | ||||||||||||||||||||||||||||||
Foreign currency exchange contracts | 9,614 | 9,614 | ||||||||||||||||||||||||||||||
9,614 | 56,547 | 66,161 | ||||||||||||||||||||||||||||||
$ | 269,364 | $ | 2,699,615 | $ | 1,387,287 | $ | 4,356,266 | |||||||||||||||||||||||||
LIABILITIES | ||||||||||||||||||||||||||||||||
Securities sold, not yet purchased | $ | 73,606 | $ | 73,606 | ||||||||||||||||||||||||||||
Other liabilities: | ||||||||||||||||||||||||||||||||
Derivatives: | ||||||||||||||||||||||||||||||||
Interest rate related and other | $ | 1,004 | 1,004 | |||||||||||||||||||||||||||||
Interest rate swaps for customers | 54,688 | 54,688 | ||||||||||||||||||||||||||||||
Foreign currency exchange contracts | 8,643 | 8,643 | ||||||||||||||||||||||||||||||
Total return swap | $ | 4,062 | 4,062 | |||||||||||||||||||||||||||||
8,643 | 55,692 | 4,062 | 68,397 | |||||||||||||||||||||||||||||
Other | 241 | 241 | ||||||||||||||||||||||||||||||
$ | 82,249 | $ | 55,692 | $ | 4,303 | $ | 142,244 | |||||||||||||||||||||||||
December 31, 2012 | ||||||||||||||||||||||||||||||||
(In thousands) | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||||||||||
Investment securities: | ||||||||||||||||||||||||||||||||
Available-for-sale: | ||||||||||||||||||||||||||||||||
U.S. Treasury, agencies and corporations | $ | 102,982 | $ | 1,692,637 | $ | 1,795,619 | ||||||||||||||||||||||||||
Municipal securities | 59,445 | $ | 16,551 | 75,996 | ||||||||||||||||||||||||||||
Asset-backed securities: | ||||||||||||||||||||||||||||||||
Trust preferred – banks and insurance | 121 | 949,271 | 949,392 | |||||||||||||||||||||||||||||
Trust preferred – real estate investment trusts | 16,403 | 16,403 | ||||||||||||||||||||||||||||||
Auction rate | 6,515 | 6,515 | ||||||||||||||||||||||||||||||
Other (including ABS CDOs) | 4,214 | 15,160 | 19,374 | |||||||||||||||||||||||||||||
Mutual funds and other | 219,214 | 8,797 | 228,011 | |||||||||||||||||||||||||||||
322,196 | 1,765,214 | 1,003,900 | 3,091,310 | |||||||||||||||||||||||||||||
Trading account | 28,290 | 28,290 | ||||||||||||||||||||||||||||||
Other noninterest-bearing investments: | ||||||||||||||||||||||||||||||||
Bank-owned life insurance | 455,719 | 455,719 | ||||||||||||||||||||||||||||||
Private equity | 5,132 | 64,223 | 69,355 | |||||||||||||||||||||||||||||
Other assets: | ||||||||||||||||||||||||||||||||
Derivatives: | ||||||||||||||||||||||||||||||||
Interest rate related and other | 2,850 | 2,850 | ||||||||||||||||||||||||||||||
Interest rate swaps for customers | 79,579 | 79,579 | ||||||||||||||||||||||||||||||
Foreign currency exchange contracts | 4,404 | 4,404 | ||||||||||||||||||||||||||||||
4,404 | 82,429 | 86,833 | ||||||||||||||||||||||||||||||
$ | 326,600 | $ | 2,336,784 | $ | 1,068,123 | $ | 3,731,507 | |||||||||||||||||||||||||
LIABILITIES | ||||||||||||||||||||||||||||||||
Securities sold, not yet purchased | $ | 26,735 | $ | 26,735 | ||||||||||||||||||||||||||||
Other liabilities: | ||||||||||||||||||||||||||||||||
Derivatives: | ||||||||||||||||||||||||||||||||
Interest rate related and other | $ | 1,142 | 1,142 | |||||||||||||||||||||||||||||
Interest rate swaps for customers | 82,926 | 82,926 | ||||||||||||||||||||||||||||||
Foreign currency exchange contracts | 3,159 | 3,159 | ||||||||||||||||||||||||||||||
Total return swap | $ | 5,127 | 5,127 | |||||||||||||||||||||||||||||
3,159 | 84,068 | 5,127 | 92,354 | |||||||||||||||||||||||||||||
Other | 124 | 124 | ||||||||||||||||||||||||||||||
$ | 29,894 | $ | 84,068 | $ | 5,251 | $ | 119,213 | |||||||||||||||||||||||||
No transfers of assets or liabilities occurred among Levels 1, 2 or 3 during 2013 or 2012. | ||||||||||||||||||||||||||||||||
The fair value of the Level 3 bank and insurance CDO portfolio would generally be adversely affected by significant increases in the constant default rate (“CDR”) for performing collateral, the loss percentage expected from deferring collateral, and the discount rate used. The fair value of the portfolio would generally be positively affected by increases in interest rates and prepayment rates. For a specific tranche within a CDO, the directionality of the fair value change for a given assumption change may differ depending on the seniority level of the tranche. For example, faster prepayment may increase the fair value of a senior most tranche of a CDO while decreasing the fair value of a more junior tranche. | ||||||||||||||||||||||||||||||||
Reconciliation of Level 3 Fair Value Measurements | ||||||||||||||||||||||||||||||||
The following reconciles the beginning and ending balances of assets and liabilities that are measured at fair value by class on a recurring basis using Level 3 inputs: | ||||||||||||||||||||||||||||||||
Level 3 Instruments | ||||||||||||||||||||||||||||||||
Year Ended December 31, 2013 | ||||||||||||||||||||||||||||||||
(In thousands) | Municipal | Trust | Trust | Auction | Other | Private | Derivatives | Other | ||||||||||||||||||||||||
securities | preferred – banks and insurance | preferred | rate | asset-backed | equity | liabilities | ||||||||||||||||||||||||||
– REIT | investments | |||||||||||||||||||||||||||||||
Balance at December 31, 2012 | $ | 16,551 | $ | 949,271 | $ | 16,403 | $ | 6,515 | $ | 15,160 | $ | 64,223 | $ | (5,127 | ) | $ | (124 | ) | ||||||||||||||
Total net gains (losses) included in: | ||||||||||||||||||||||||||||||||
Statement of income: | ||||||||||||||||||||||||||||||||
Accretion of purchase discount on securities available-for-sale | 41 | 3,166 | 254 | 3 | 82 | |||||||||||||||||||||||||||
Dividends and other investment income | 6,662 | |||||||||||||||||||||||||||||||
Fair value and nonhedge derivative loss | (21,753 | ) | ||||||||||||||||||||||||||||||
Equity securities gains, net | 3,732 | |||||||||||||||||||||||||||||||
Fixed income securities gains (losses), net | 239 | (3,160 | ) | (201 | ) | 55 | ||||||||||||||||||||||||||
Net impairment losses on investment securities | (136,221 | ) | (17,430 | ) | (11,080 | ) | ||||||||||||||||||||||||||
Other noninterest expense | (117 | ) | ||||||||||||||||||||||||||||||
Other comprehensive | 1,540 | 377,357 | 24,081 | 81 | 6,950 | |||||||||||||||||||||||||||
income (loss) | ||||||||||||||||||||||||||||||||
Purchases | 10,548 | |||||||||||||||||||||||||||||||
Sales | (66,303 | ) | (111 | ) | (1 | ) | (2,244 | ) | ||||||||||||||||||||||||
Redemptions and paydowns | (7,709 | ) | (60,989 | ) | (5,780 | ) | (511 | ) | 22,818 | |||||||||||||||||||||||
Reclassifications | 175,699 | 20,414 | ||||||||||||||||||||||||||||||
Balance at December 31, 2013 | $ | 10,662 | $ | 1,238,820 | $ | 22,996 | $ | 6,599 | $ | 25,800 | $ | 82,410 | $ | (4,062 | ) | $ | (241 | ) | ||||||||||||||
Level 3 Instruments | ||||||||||||||||||||||||||||||||
Year Ended December 31, 2012 | ||||||||||||||||||||||||||||||||
(In thousands) | Municipal | Trust | Trust | Auction | Other | Private | Derivatives | Other | ||||||||||||||||||||||||
securities | preferred – banks and insurance | preferred | rate | asset-backed | equity | liabilities | ||||||||||||||||||||||||||
– REIT | investments | |||||||||||||||||||||||||||||||
Balance at December 31, 2011 | $ | 17,381 | $ | 929,356 | $ | 18,645 | $ | 70,020 | $ | 43,546 | $ | 62,327 | $ | (5,422 | ) | $ | (86 | ) | ||||||||||||||
Total net gains (losses) included in: | ||||||||||||||||||||||||||||||||
Statement of income: | ||||||||||||||||||||||||||||||||
Accretion of purchase discount on securities available-for-sale | 102 | 7,126 | 224 | 4 | 232 | |||||||||||||||||||||||||||
Dividends and other investment income | 10,399 | |||||||||||||||||||||||||||||||
Fair value and nonhedge derivative loss | (21,707 | ) | ||||||||||||||||||||||||||||||
Equity securities gains, net | 11,478 | |||||||||||||||||||||||||||||||
Fixed income securities gains (losses), net | 9 | 20,906 | 4,161 | (5,762 | ) | |||||||||||||||||||||||||||
Net impairment losses on investment securities | (96,707 | ) | ||||||||||||||||||||||||||||||
Other noninterest expense | (38 | ) | ||||||||||||||||||||||||||||||
Other comprehensive | (291 | ) | 218,001 | (2,466 | ) | 1,330 | 8,343 | |||||||||||||||||||||||||
income (loss) | ||||||||||||||||||||||||||||||||
Purchases | 9,043 | |||||||||||||||||||||||||||||||
Sales | (15,872 | ) | ||||||||||||||||||||||||||||||
Redemptions and paydowns | (650 | ) | (129,411 | ) | (69,000 | ) | (31,199 | ) | (13,152 | ) | 22,002 | |||||||||||||||||||||
Balance at December 31, 2012 | $ | 16,551 | $ | 949,271 | $ | 16,403 | $ | 6,515 | $ | 15,160 | $ | 64,223 | $ | (5,127 | ) | $ | (124 | ) | ||||||||||||||
The preceding reconciling amounts using Level 3 inputs include the following realized gains (losses): | ||||||||||||||||||||||||||||||||
(In thousands) | Year Ended | |||||||||||||||||||||||||||||||
December 31, | ||||||||||||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||||||||||||
Dividends and other investment income | $ | (133 | ) | $ | 1,635 | |||||||||||||||||||||||||||
Equity securities gains (losses), net | (2,452 | ) | 10,359 | |||||||||||||||||||||||||||||
Fixed income securities gains (losses), net | (3,067 | ) | 19,314 | |||||||||||||||||||||||||||||
Following is a summary of quantitative information relating to the principal valuation techniques and significant unobservable inputs for Level 3 instruments measured on a recurring basis: | ||||||||||||||||||||||||||||||||
Level 3 Instruments | ||||||||||||||||||||||||||||||||
Quantitative information at December 31, 2013 | ||||||||||||||||||||||||||||||||
(Dollar amounts in thousands) | Fair value | Principal valuation techniques | Significant unobservable inputs | Range of inputs | ||||||||||||||||||||||||||||
(% annually) | ||||||||||||||||||||||||||||||||
Asset-backed securities: | ||||||||||||||||||||||||||||||||
Trust preferred – predominantly banks | $ | 921,819 | Discounted cash flow | Constant prepayment rate | until 2016 – 5.50% to 20.73% | |||||||||||||||||||||||||||
Market comparables | ||||||||||||||||||||||||||||||||
2016 to maturity – 3.0% | ||||||||||||||||||||||||||||||||
Constant default rate | yr 1 – 0.30% to 1.94% | |||||||||||||||||||||||||||||||
yrs 2-5 – 0.49% to 1.14% | ||||||||||||||||||||||||||||||||
yrs 6 to maturity – 0.58% to 0.65% | ||||||||||||||||||||||||||||||||
Loss given default | 100% | |||||||||||||||||||||||||||||||
Loss given deferral | 14.39% to 100% | |||||||||||||||||||||||||||||||
Discount rate | 5.6% to 7.7% | |||||||||||||||||||||||||||||||
(spread over forward LIBOR) | ||||||||||||||||||||||||||||||||
Trust preferred – predominantly insurance | 346,390 | Discounted cash flow | Constant prepayment rate | until maturity – 5.0% | ||||||||||||||||||||||||||||
Market comparables | ||||||||||||||||||||||||||||||||
Constant default rate | yr 1 – 0.38% to 1.03% | |||||||||||||||||||||||||||||||
yrs 2-5 – 0.53% to 0.89% | ||||||||||||||||||||||||||||||||
yrs 6 to maturity – 0.50% to 0.55% | ||||||||||||||||||||||||||||||||
Loss given default | 100% | |||||||||||||||||||||||||||||||
Loss given deferral | 2.18% to 30.13% | |||||||||||||||||||||||||||||||
Discount rate | 3.72% to 6.49% | |||||||||||||||||||||||||||||||
(spread over forward LIBOR) | ||||||||||||||||||||||||||||||||
Trust preferred – individual banks | 22,324 | Market comparables | Yield | 6.6% to 7.8% | ||||||||||||||||||||||||||||
Price | 81.25% to 109.6% | |||||||||||||||||||||||||||||||
Trust preferred – real estate investment trust | 22,996 | Discounted cash flow | Constant prepayment rate | until maturity – 0.0% | ||||||||||||||||||||||||||||
Market comparables | ||||||||||||||||||||||||||||||||
Constant default rate | yr 1 – 4.1% to 10.6% | |||||||||||||||||||||||||||||||
yrs 2-3 – 4.6% to 5.5% | ||||||||||||||||||||||||||||||||
yrs 4-6 – 1.0% | ||||||||||||||||||||||||||||||||
yrs 7 to maturity – 0.50% | ||||||||||||||||||||||||||||||||
Loss given default | 60% to 100% | |||||||||||||||||||||||||||||||
Discount rate | 5.5% to 15% | |||||||||||||||||||||||||||||||
(spread over forward LIBOR) | ||||||||||||||||||||||||||||||||
Other (predominantly ABS CDOs) | 25,800 | Discounted cash flow | Constant default rate | 0.01% to 100% | ||||||||||||||||||||||||||||
Loss given default | 70% to 92% | |||||||||||||||||||||||||||||||
Discount rate | 9% to 22% | |||||||||||||||||||||||||||||||
(spread over forward LIBOR) | ||||||||||||||||||||||||||||||||
Level 3 Instruments | ||||||||||||||||||||||||||||||||
Quantitative information at December 31, 2012 | ||||||||||||||||||||||||||||||||
(Dollar amounts in thousands) | Fair value | Principal valuation techniques | Significant unobservable inputs | Range of inputs | ||||||||||||||||||||||||||||
(% annually) | ||||||||||||||||||||||||||||||||
Asset-backed securities: | ||||||||||||||||||||||||||||||||
Trust preferred – predominantly banks | $ | 798,458 | Discounted cash flow | Constant prepayment rate | until 2016 – 10.0% to 21.24% | |||||||||||||||||||||||||||
Market comparables | ||||||||||||||||||||||||||||||||
2016 to maturity – 3.0% | ||||||||||||||||||||||||||||||||
Constant default rate | yr 1 – 0.30% to 1.97% | |||||||||||||||||||||||||||||||
yrs 2-5 – 0.47% to 0.67% | ||||||||||||||||||||||||||||||||
yrs 6 to maturity – 0.58% to 0.68% | ||||||||||||||||||||||||||||||||
Loss given default | 100% | |||||||||||||||||||||||||||||||
Loss given deferral | 9.69% to 100% | |||||||||||||||||||||||||||||||
Discount rate | 7.7% to 13.4% | |||||||||||||||||||||||||||||||
(spread over forward LIBOR) | ||||||||||||||||||||||||||||||||
Trust preferred – predominantly insurance | 256,104 | Discounted cash flow | Constant prepayment rate | until maturity – 4.5% | ||||||||||||||||||||||||||||
Market comparables | ||||||||||||||||||||||||||||||||
Constant default rate | yr 1 – 0.30% to 0.32% | |||||||||||||||||||||||||||||||
yrs 2-5 – 0.47% to 0.50% | ||||||||||||||||||||||||||||||||
yrs 6 to maturity – 0.50% to 0.54% | ||||||||||||||||||||||||||||||||
Loss given default | 100% | |||||||||||||||||||||||||||||||
Loss given deferral | 2.18% | |||||||||||||||||||||||||||||||
Discount rate | 3.75% to 16.21% | |||||||||||||||||||||||||||||||
(spread over forward LIBOR) | ||||||||||||||||||||||||||||||||
Trust preferred – individual banks | 20,910 | Market comparables | Yield | 9.4% to 9.7% | ||||||||||||||||||||||||||||
Price | 73.1% to 108.0% | |||||||||||||||||||||||||||||||
Trust preferred – real estate investment trust | 16,403 | Discounted cash flow | Constant prepayment rate | until maturity – 0.0% | ||||||||||||||||||||||||||||
Market comparables | ||||||||||||||||||||||||||||||||
Constant default rate | yr 1 – 5.1% to 8.6% | |||||||||||||||||||||||||||||||
yrs 2-3 – 4.2% to 7.1% | ||||||||||||||||||||||||||||||||
yrs 4-6 – 1.0% | ||||||||||||||||||||||||||||||||
yrs 7 to maturity – 0.50% | ||||||||||||||||||||||||||||||||
Loss given default | 60% to 100% | |||||||||||||||||||||||||||||||
Discount rate | 6.5% to 23% | |||||||||||||||||||||||||||||||
(spread over forward LIBOR) | ||||||||||||||||||||||||||||||||
Other (predominantly ABS CDOs) | 15,160 | Discounted cash flow | Constant default rate | 0.01% to 100% | ||||||||||||||||||||||||||||
Loss given default | 70% to 92% | |||||||||||||||||||||||||||||||
Discount rate | 9% to 22% | |||||||||||||||||||||||||||||||
(spread over forward LIBOR) | ||||||||||||||||||||||||||||||||
Nonrecurring Fair Value Measurements | ||||||||||||||||||||||||||||||||
Included in the balance sheet amounts are the following amounts of assets that had fair value changes measured on a nonrecurring basis: | ||||||||||||||||||||||||||||||||
(In thousands) | Fair value at December 31, 2013 | Gains (losses) from | ||||||||||||||||||||||||||||||
fair value changes | ||||||||||||||||||||||||||||||||
Year Ended | ||||||||||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | 31-Dec-13 | ||||||||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||||||||||
HTM securities adjusted for OTTI | $ | — | $ | — | $ | 8,483 | $ | 8,483 | $ | (403 | ) | |||||||||||||||||||||
Private equity investments, carried at cost | — | — | 13,270 | 13,270 | (5,700 | ) | ||||||||||||||||||||||||||
Impaired loans | — | 11,765 | — | 11,765 | (1,575 | ) | ||||||||||||||||||||||||||
Other real estate owned | — | 24,684 | — | 24,684 | (13,158 | ) | ||||||||||||||||||||||||||
$ | — | $ | 36,449 | $ | 21,753 | $ | 58,202 | $ | (20,836 | ) | ||||||||||||||||||||||
(In thousands) | Fair value at December 31, 2012 | Gains (losses) from | ||||||||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | fair value changes Year Ended December 31, 2012 | ||||||||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||||||||||
HTM securities adjusted for OTTI | $ | — | $ | — | $ | 23,524 | $ | 23,524 | $ | (7,423 | ) | |||||||||||||||||||||
Private equity investments, carried at cost | — | — | 13,520 | 13,520 | (2,176 | ) | ||||||||||||||||||||||||||
Impaired loans | — | 44,448 | — | 44,448 | (4,300 | ) | ||||||||||||||||||||||||||
Other real estate owned | — | 58,954 | — | 58,954 | (20,641 | ) | ||||||||||||||||||||||||||
$ | — | $ | 103,402 | $ | 37,044 | $ | 140,446 | $ | (34,540 | ) | ||||||||||||||||||||||
We recognized net gains of $15.6 million in 2013 and $15.3 million in 2012 from the sale of OREO properties that had a carrying value at the time of sale of approximately $82.5 million in 2013 and $163.3 million in 2012. Previous to their sale in these years, we recognized impairment on these properties of $0.8 million in 2013 and $2.7 million in 2012. | ||||||||||||||||||||||||||||||||
HTM securities adjusted for OTTI were measured at fair value using the same methodology for trust preferred CDO securities. | ||||||||||||||||||||||||||||||||
Private equity investments carried at cost were measured at fair value for impairment purposes according to the methodology previously discussed. Amounts of private equity investments carried at cost were $53.6 million and $74.8 million at December 31, 2013 and 2012, respectively. Amounts of other noninterest-bearing investments carried at cost were $248.4 million and $255.6 million at December 31, 2013 and 2012, respectively, which were comprised of Federal Reserve, Federal Home Loan Bank, and Farmer Mac stock. | ||||||||||||||||||||||||||||||||
Impaired (or nonperforming) loans that are collateral-dependent were measured at fair value based on the fair value of the collateral. OREO was measured at fair value at the lower of cost or fair value based on property appraisals at the time the property is recorded in OREO and as appropriate thereafter. | ||||||||||||||||||||||||||||||||
Measurement of fair value for collateral-dependent loans and OREO was based on third party appraisals that utilize one or more valuation techniques (income, market and/or cost approaches). Any adjustments to calculated fair value were made based on recently completed and validated third party appraisals, third party appraisal services, automated valuation services, or our informed judgment. Evaluations were made to determine that the appraisal process met the relevant concepts and requirements of applicable accounting guidance. | ||||||||||||||||||||||||||||||||
Automated valuation services may be used primarily for residential properties when values from any of the previous methods were not available within 90 days of the balance sheet date. These services use models based on market, economic, and demographic values. The use of these models has only occurred in a very few instances and the related property valuations have not been significant to consider disclosure under Level 3 rather than Level 2. | ||||||||||||||||||||||||||||||||
Impaired loans not collateral-dependent were measured at fair valued based on the present value of future cash flows discounted at the expected coupon rates over the lives of the loans. Because the loans were not discounted at market interest rates, the valuations do not represent fair value and have been excluded from the nonrecurring fair value balance in the preceding schedules. | ||||||||||||||||||||||||||||||||
Fair Value of Certain Financial Instruments | ||||||||||||||||||||||||||||||||
Following is a summary of the carrying values and estimated fair values of certain financial instruments: | ||||||||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | |||||||||||||||||||||||||||||||
(Amounts in thousands) | Carrying | Estimated | Level | Carrying | Estimated | Level | ||||||||||||||||||||||||||
value | fair value | value | fair value | |||||||||||||||||||||||||||||
Financial assets: | ||||||||||||||||||||||||||||||||
HTM investment securities | $ | 588,981 | $ | 609,547 | 3 | $ | 756,909 | $ | 674,741 | 3 | ||||||||||||||||||||||
Loans and leases (including loans held for sale), net of allowance | 38,468,402 | 38,088,242 | 3 | 37,020,811 | 37,024,198 | 3 | ||||||||||||||||||||||||||
Financial liabilities: | ||||||||||||||||||||||||||||||||
Time deposits | 2,593,038 | 2,602,955 | 2 | 2,962,931 | 2,988,714 | 2 | ||||||||||||||||||||||||||
Foreign deposits | 1,980,161 | 1,979,805 | 2 | 1,804,060 | 1,803,625 | 2 | ||||||||||||||||||||||||||
Other short-term borrowings | — | — | 2 | 5,409 | 5,421 | 2 | ||||||||||||||||||||||||||
Long-term debt (less fair value hedges) | 2,269,762 | 2,423,643 | 2 | 2,329,323 | 2,636,422 | 2 | ||||||||||||||||||||||||||
This summary excludes financial assets and liabilities for which carrying value approximates fair value. For financial assets, these include cash and due from banks and money market investments. For financial liabilities, these include demand, savings and money market deposits, and federal funds purchased and security repurchase agreements. The estimated fair value of demand, savings and money market deposits is the amount payable on demand at the reporting date. Carrying value is used because the accounts have no stated maturity and the customer has the ability to withdraw funds immediately. Also excluded from the summary are financial instruments recorded at fair value on a recurring basis, as previously described. | ||||||||||||||||||||||||||||||||
HTM investment securities primarily consist of municipal securities and bank and insurance trust preferred CDOs. They were measured at fair value according to the methodologies previously discussed for these investment types. | ||||||||||||||||||||||||||||||||
Loans are measured at fair value according to their status as nonimpaired or impaired. For nonimpaired loans, fair value is estimated by discounting future cash flows using the LIBOR yield curve adjusted by a factor which reflects the credit and interest rate risk inherent in the loan. These future cash flows are then reduced by the estimated “life-of-the-loan” aggregate credit losses in the loan portfolio. These adjustments for lifetime future credit losses are derived from the methods used to estimate the ALLL for our loan portfolio and are adjusted quarterly as necessary to reflect the most recent loss experience. Impaired loans are already considered to be held at fair value, except those whose fair value is determined by discounting cash flows, as discussed previously. See Impaired Loans in Note 7 for details on the impairment measurement method for impaired loans. Loans, other than those held for sale, are not normally purchased and sold by the Company, and there are no active trading markets for most of this portfolio. | ||||||||||||||||||||||||||||||||
Time and foreign deposits, and other short-term borrowings, are measured at fair value by discounting future cash flows using the LIBOR yield curve to the given maturity dates. | ||||||||||||||||||||||||||||||||
Long-term debt is measured at fair value based on actual market trades (i.e., an asset value) when available, or discounting cash flows to maturity using the LIBOR yield curve adjusted for credit spreads. | ||||||||||||||||||||||||||||||||
These fair value disclosures represent our best estimates based on relevant market information and information about the financial instruments. Fair value estimates are based on judgments regarding current economic conditions, future expected loss experience, risk characteristics of the various instruments, and other factors. These estimates are subjective in nature, involve uncertainties and matters of significant judgment, and cannot be determined with precision. Changes in these methodologies and assumptions could significantly affect the estimates. |
Operating_Segment_Information
Operating Segment Information | 12 Months Ended | ||||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||||||||||
Operating Segment Information [Abstract] | ' | ||||||||||||||||||||||||||||||||||||
Segment Reporting Disclosure [Text Block] | ' | ||||||||||||||||||||||||||||||||||||
22 | OPERATING SEGMENT INFORMATION | ||||||||||||||||||||||||||||||||||||
We manage our operations and prepare management reports and other information with a primary focus on geographical area. As of December 31, 2013, we operate eight community/regional banks in distinct geographical areas. Performance assessment and resource allocation are based upon this geographical structure. The operating segment identified as “Other” includes the Parent, Zions Management Services Company (“ZMSC”), certain nonbank financial service subsidiaries, TCBO, and eliminations of transactions between segments. | |||||||||||||||||||||||||||||||||||||
The Parent’s financial statements in Note 24 provide more information about the Parent’s activities. The condensed statement of income identifies the components of income and expense which affect the operating amounts presented in the Other segment. | |||||||||||||||||||||||||||||||||||||
ZMSC provides internal technology and operational services to affiliated operating businesses of the Company. ZMSC charges most of its costs to the affiliates on an approximate break-even basis. As a result, the impact of ZMSC’s operations on a net basis has not been significant to the operating amounts in the Other segment. | |||||||||||||||||||||||||||||||||||||
The accounting policies of the individual operating segments are the same as those of the Company. Transactions between operating segments are primarily conducted at fair value, resulting in profits that are eliminated for reporting consolidated results of operations. Operating segments pay for centrally provided services based upon estimated or actual usage of those services. | |||||||||||||||||||||||||||||||||||||
The following is a summary of selected operating segment information: | |||||||||||||||||||||||||||||||||||||
(In millions) | Zions Bank | CB&T | Amegy | ||||||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | 2013 | 2012 | 2011 | 2013 | 2012 | 2011 | |||||||||||||||||||||||||||||
CONDENSED INCOME STATEMENT | |||||||||||||||||||||||||||||||||||||
Net interest income | $ | 595 | $ | 657.1 | $ | 683.3 | $ | 469 | $ | 466.7 | $ | 506.9 | $ | 381.5 | $ | 371.5 | $ | 391.2 | |||||||||||||||||||
Provision for loan losses | (40.5 | ) | 88.3 | 128.3 | (16.7 | ) | (7.9 | ) | (9.5 | ) | 4.2 | (63.9 | ) | (37.4 | ) | ||||||||||||||||||||||
Net interest income after provision for loan losses | 635.5 | 568.8 | 555 | 485.7 | 474.6 | 516.4 | 377.3 | 435.4 | 428.6 | ||||||||||||||||||||||||||||
Net impairment losses on investment securities | (7.7 | ) | (3.2 | ) | (0.3 | ) | — | — | (0.5 | ) | — | — | — | ||||||||||||||||||||||||
Loss on sale of investment securities to Parent | — | — | — | — | (9.2 | ) | (43.9 | ) | — | — | — | ||||||||||||||||||||||||||
Other noninterest income | 199.9 | 221.4 | 219.2 | 79.3 | 75.3 | 105.4 | 146.4 | 156.1 | 138.4 | ||||||||||||||||||||||||||||
Noninterest expense | 481.4 | 493.1 | 547.4 | 352.4 | 330.2 | 355 | 333.4 | 340.2 | 324.9 | ||||||||||||||||||||||||||||
Income (loss) before income taxes | 346.3 | 293.9 | 226.5 | 212.6 | 210.5 | 222.4 | 190.3 | 251.3 | 242.1 | ||||||||||||||||||||||||||||
Income tax expense (benefit) | 121.7 | 104.6 | 76 | 72.5 | 83.4 | 88 | 59.8 | 84.6 | 80.5 | ||||||||||||||||||||||||||||
Net income (loss) | $ | 224.6 | $ | 189.3 | $ | 150.5 | $ | 140.1 | $ | 127.1 | $ | 134.4 | $ | 130.5 | $ | 166.7 | $ | 161.6 | |||||||||||||||||||
YEAR-END BALANCE SHEET DATA | |||||||||||||||||||||||||||||||||||||
Total assets | $ | 18,590 | $ | 17,930 | $ | 17,531 | $ | 10,923 | $ | 11,069 | $ | 10,894 | $ | 13,705 | $ | 13,119 | $ | 12,282 | |||||||||||||||||||
Cash and due from banks | 363 | 650 | 416 | 157 | 205 | 175 | 437 | 754 | 406 | ||||||||||||||||||||||||||||
Money market investments | 3,888 | 2,855 | 2,198 | 1,108 | 1,449 | 1,090 | 2,551 | 2,308 | 2,222 | ||||||||||||||||||||||||||||
Total securities | 1,520 | 1,273 | 1,460 | 331 | 350 | 335 | 362 | 439 | 475 | ||||||||||||||||||||||||||||
Total loans | 12,259 | 12,490 | 12,751 | 8,574 | 8,259 | 8,392 | 9,217 | 8,450 | 8,031 | ||||||||||||||||||||||||||||
Total deposits | 16,257 | 15,575 | 14,905 | 9,327 | 9,483 | 9,192 | 11,198 | 10,706 | 9,731 | ||||||||||||||||||||||||||||
Shareholder’s equity: | |||||||||||||||||||||||||||||||||||||
Preferred equity | 280 | 280 | 480 | 162 | 162 | 262 | 226 | 251 | 488 | ||||||||||||||||||||||||||||
Common equity | 1,523 | 1,519 | 1,379 | 1,342 | 1,322 | 1,270 | 1,845 | 1,725 | 1,630 | ||||||||||||||||||||||||||||
Noncontrolling interests | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Total shareholder’s equity | 1,803 | 1,799 | 1,859 | 1,504 | 1,484 | 1,532 | 2,071 | 1,976 | 2,118 | ||||||||||||||||||||||||||||
(In millions) | NSB | Vectra | |||||||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | 2013 | 2012 | 2011 | 2013 | 2012 | 2011 | |||||||||||||||||||||||||||||
CONDENSED INCOME STATEMENT | |||||||||||||||||||||||||||||||||||||
Net interest income | $ | 163 | $ | 167.7 | $ | 172.1 | $ | 113.6 | — | $ | 123.4 | $ | 135 | $ | 102.7 | $ | 108.7 | $ | 104.3 | ||||||||||||||||||
Provision for loan losses | (15.0 | ) | (0.6 | ) | 9.6 | (12.0 | ) | — | (9.6 | ) | (38.3 | ) | (4.9 | ) | 7 | 14 | |||||||||||||||||||||
Net interest income after provision for loan losses | 178 | 168.3 | 162.5 | 125.6 | 133 | 173.3 | 107.6 | 101.7 | 90.3 | ||||||||||||||||||||||||||||
Net impairment losses on investment securities | — | — | — | (3.3 | ) | — | — | — | (0.1 | ) | (0.6 | ) | (0.8 | ) | |||||||||||||||||||||||
Loss on sale of investment securities to Parent | — | — | — | — | — | — | — | — | — | (28.9 | ) | ||||||||||||||||||||||||||
Other noninterest income | 35 | 32.1 | 34.4 | 37.8 | — | 33.7 | 37.4 | 24.6 | 25.3 | 21.7 | |||||||||||||||||||||||||||
Noninterest expense | 142.7 | 152.5 | 154.7 | 131.8 | 133.6 | 139.3 | 99.5 | 98.3 | 100.7 | ||||||||||||||||||||||||||||
Income (loss) before income taxes | 70.3 | 47.9 | 42.2 | 28.3 | 33.1 | 71.4 | 32.6 | 28.1 | (18.4 | ) | |||||||||||||||||||||||||||
Income tax expense (benefit) | 26.4 | 17 | 16.7 | 9.5 | 11.3 | 24.8 | 11.2 | 9.2 | (8.3 | ) | |||||||||||||||||||||||||||
Net income (loss) | $ | 43.9 | $ | 30.9 | $ | 25.5 | $ | 18.8 | $ | 21.8 | $ | 46.6 | $ | 21.4 | $ | 18.9 | $ | (10.1 | ) | ||||||||||||||||||
YEAR-END BALANCE SHEET DATA | |||||||||||||||||||||||||||||||||||||
Total assets | $ | 4,579 | $ | 4,575 | $ | 4,485 | $ | 3,980 | $ | 4,061 | $ | 4,100 | $ | 2,571 | $ | 2,511 | $ | 2,341 | |||||||||||||||||||
Cash and due from banks | 77 | 86 | 71 | 79 | 59 | 73 | 51 | 58 | 55 | ||||||||||||||||||||||||||||
Money market investments | 220 | 385 | 604 | 710 | 1,031 | 905 | 6 | 31 | 52 | ||||||||||||||||||||||||||||
Total securities | 362 | 263 | 271 | 774 | 742 | 748 | 166 | 187 | 227 | ||||||||||||||||||||||||||||
Total loans | 3,724 | 3,604 | 3,304 | 2,297 | 2,100 | 2,235 | 2,278 | 2,128 | 1,914 | ||||||||||||||||||||||||||||
Total deposits | 3,931 | 3,874 | 3,731 | 3,590 | 3,604 | 3,546 | 2,178 | 2,164 | 2,004 | ||||||||||||||||||||||||||||
Shareholder’s equity: | |||||||||||||||||||||||||||||||||||||
Preferred equity | 120 | 180 | 305 | 50 | 140 | 260 | 70 | 70 | 70 | ||||||||||||||||||||||||||||
Common equity | 418 | 399 | 350 | 317 | 298 | 273 | 246 | 224 | 200 | ||||||||||||||||||||||||||||
Noncontrolling interests | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Total shareholder’s equity | 538 | 579 | 655 | 367 | 438 | 533 | 316 | 294 | 270 | ||||||||||||||||||||||||||||
(In millions) | TCBW | Other | Consolidated Company | ||||||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | 2013 | 2012 | 2011 | 2013 | 2012 | 2011 | |||||||||||||||||||||||||||||
CONDENSED INCOME STATEMENT | |||||||||||||||||||||||||||||||||||||
Net interest income | $ | 27.3 | $ | 27.4 | $ | 29.6 | — | $ | (155.8 | ) | $ | (190.6 | ) | $ | (266.2 | ) | $ | 1,696.30 | $ | 1,731.90 | $ | 1,756.20 | |||||||||||||||
Provision for loan losses | (1.8 | ) | 0.4 | 7.8 | — | (0.4 | ) | 0.5 | — | (87.1 | ) | 14.2 | 74.5 | ||||||||||||||||||||||||
Net interest income after provision for | 29.1 | 27 | 21.8 | (155.4 | ) | (191.1 | ) | (266.2 | ) | 1,783.40 | 1,717.70 | 1,681.70 | |||||||||||||||||||||||||
loan losses | |||||||||||||||||||||||||||||||||||||
Net impairment losses on investment securities | — | — | — | — | (154.0 | ) | (100.3 | ) | (32.1 | ) | (165.1 | ) | (104.1 | ) | (33.7 | ) | |||||||||||||||||||||
Loss on sale of investment securities to Parent | (2.7 | ) | — | (4.8 | ) | — | 2.7 | 9.2 | 77.6 | — | — | — | |||||||||||||||||||||||||
Other noninterest income | 4.1 | 3.8 | 3.5 | — | (24.6 | ) | (23.7 | ) | (28.1 | ) | 502.5 | 524 | 531.9 | ||||||||||||||||||||||||
Noninterest expense | 18.8 | 18.9 | 16.7 | — | 154.4 | 29.2 | 19.9 | 1,714.40 | 1,596.00 | 1,658.60 | |||||||||||||||||||||||||||
Income (loss) before income taxes | 11.7 | 11.9 | 3.8 | — | (485.7 | ) | (335.1 | ) | (268.7 | ) | 406.4 | 541.6 | 521.3 | ||||||||||||||||||||||||
Income tax expense (benefit) | 4 | 4 | 1.1 | — | (162.2 | ) | (120.7 | ) | (80.2 | ) | 142.9 | 193.4 | 198.6 | ||||||||||||||||||||||||
Net income (loss) | $ | 7.7 | $ | 7.9 | $ | 2.7 | — | $ | (323.5 | ) | $ | (214.4 | ) | $ | (188.5 | ) | $ | 263.5 | $ | 348.2 | $ | 322.7 | |||||||||||||||
YEAR-END BALANCE SHEET DATA | |||||||||||||||||||||||||||||||||||||
Total assets | $ | 943 | $ | 961 | $ | 874 | — | $ | 740 | $ | 1,286 | $ | 642 | $ | 56,031 | $ | 55,512 | $ | 53,149 | ||||||||||||||||||
Cash and due from banks | 28 | 22 | 28 | (17 | ) | 8 | — | 1,175 | 1,842 | 1,224 | |||||||||||||||||||||||||||
Money market investments | 181 | 251 | 143 | (207 | ) | 444 | (91 | ) | 8,457 | 8,754 | 7,123 | ||||||||||||||||||||||||||
Total securities | 91 | 104 | 126 | 719 | 519 | 437 | 4,325 | 3,877 | 4,079 | ||||||||||||||||||||||||||||
Total loans | 630 | 571 | 562 | — | 64 | 63 | 69 | 39,043 | 37,665 | 37,258 | |||||||||||||||||||||||||||
Total deposits | 793 | 791 | 693 | — | (912 | ) | (64 | ) | (926 | ) | 46,362 | 46,133 | 42,876 | ||||||||||||||||||||||||
Shareholder’s equity: | |||||||||||||||||||||||||||||||||||||
Preferred equity | 3 | 3 | 15 | — | 93 | 42 | 497 | 1,004 | 1,128 | 2,377 | |||||||||||||||||||||||||||
Common equity | 87 | 82 | 75 | — | (317 | ) | (645 | ) | (569 | ) | 5,461 | 4,924 | 4,608 | ||||||||||||||||||||||||
Noncontrolling interests | — | — | — | — | — | (3 | ) | (2 | ) | — | (3 | ) | (2 | ) | |||||||||||||||||||||||
Total shareholder’s equity | 90 | 85 | 90 | — | (224 | ) | (606 | ) | (74 | ) | 6,465 | 6,049 | 6,983 | ||||||||||||||||||||||||
Quarterly_Financial_Informatio
Quarterly Financial Information | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||||||||||
Quarterly Financial Information | ' | ||||||||||||||||||||
23 | QUARTERLY FINANCIAL INFORMATION (UNAUDITED) | ||||||||||||||||||||
Financial information by quarter for 2013 and 2012 is as follows: | |||||||||||||||||||||
Quarters | |||||||||||||||||||||
(In thousands, except per share amounts) | First | Second | Third | Fourth | Year | ||||||||||||||||
2013:00:00 | |||||||||||||||||||||
Gross interest income | $ | 484,748 | $ | 493,233 | $ | 473,407 | $ | 490,017 | $ | 1,941,405 | |||||||||||
Net interest income | 418,115 | 430,657 | 415,521 | 432,035 | 1,696,328 | ||||||||||||||||
Provision for loan losses | (29,035 | ) | (21,990 | ) | (5,573 | ) | (30,538 | ) | (87,136 | ) | |||||||||||
Noninterest income: | |||||||||||||||||||||
Net impairment losses on investment securities | (10,117 | ) | (4,217 | ) | (9,067 | ) | (141,733 | ) | (165,134 | ) | |||||||||||
Investment securities gains (losses), net | 6,131 | 1,056 | 4,745 | (6,310 | ) | 5,622 | |||||||||||||||
Other noninterest income | 125,205 | 128,309 | 126,512 | 116,893 | 496,919 | ||||||||||||||||
Noninterest expense | 397,348 | 451,678 | 370,663 | 494,750 | 1,714,439 | ||||||||||||||||
Income before income taxes (benefit) | 171,021 | 126,117 | 172,621 | (63,327 | ) | 406,432 | |||||||||||||||
Net income (loss) | 110,387 | 83,026 | 111,514 | (41,472 | ) | 263,455 | |||||||||||||||
Net income (loss) applicable to controlling interest | 110,723 | 83,026 | 111,514 | (41,472 | ) | 263,791 | |||||||||||||||
Preferred stock dividends | (22,399 | ) | (27,641 | ) | (27,507 | ) | (17,965 | ) | (95,512 | ) | |||||||||||
Preferred stock redemption | — | — | — | 125,700 | 125,700 | ||||||||||||||||
Net earnings (loss) applicable to common shareholders | 88,324 | 55,385 | 209,707 | (59,437 | ) | 293,979 | |||||||||||||||
Net earnings (loss) per common share: | |||||||||||||||||||||
Basic | $ | 0.48 | $ | 0.3 | $ | 1.13 | $ | (0.32 | ) | $ | 1.58 | ||||||||||
Diluted | 0.48 | 0.3 | 1.12 | (0.32 | ) | 1.58 | |||||||||||||||
2012:00:00 | |||||||||||||||||||||
Gross interest income | $ | 518,877 | $ | 512,588 | $ | 509,000 | $ | 498,257 | $ | 2,038,722 | |||||||||||
Net interest income | 437,478 | 426,344 | 438,161 | 429,957 | 1,731,940 | ||||||||||||||||
Provision for loan losses | 15,664 | 10,853 | (1,889 | ) | (10,401 | ) | 14,227 | ||||||||||||||
Noninterest income: | |||||||||||||||||||||
Net impairment losses on investment securities | (10,209 | ) | (7,308 | ) | (2,736 | ) | (83,808 | ) | (104,061 | ) | |||||||||||
Investment securities gains, net | 9,865 | 5,626 | 5,729 | 9,577 | 30,797 | ||||||||||||||||
Other noninterest income | 112,164 | 130,347 | 122,233 | 128,390 | 493,134 | ||||||||||||||||
Noninterest expense | 392,372 | 401,656 | 394,975 | 407,014 | 1,596,017 | ||||||||||||||||
Income before income taxes | 141,262 | 142,500 | 170,301 | 87,503 | 541,566 | ||||||||||||||||
Net income | 89,403 | 91,464 | 109,597 | 57,686 | 348,150 | ||||||||||||||||
Net income applicable to controlling interest | 89,676 | 91,737 | 109,851 | 58,252 | 349,516 | ||||||||||||||||
Preferred stock dividends | (64,187 | ) | (36,522 | ) | (47,529 | ) | (22,647 | ) | (170,885 | ) | |||||||||||
Net earnings applicable to common shareholders | 25,489 | 55,215 | 62,322 | 35,605 | 178,631 | ||||||||||||||||
Net earnings per common share: | |||||||||||||||||||||
Basic | $ | 0.14 | $ | 0.3 | $ | 0.34 | $ | 0.19 | $ | 0.97 | |||||||||||
Diluted | 0.14 | 0.3 | 0.34 | 0.19 | 0.97 | ||||||||||||||||
Certain amounts related primarily to gross and net interest income, and noninterest income, were changed from previously filed Form 10-Qs for the first, second and third quarters of 2012. The changes were due to reclassifications between interest and fees on loans, and other service charges, commissions and fees. See related discussion in Note 1. | |||||||||||||||||||||
As discussed in Note 6, we made a significant 2013 fourth quarter adjustment recognizing OTTI for certain impairment losses on CDO investment securities. |
Parent_Company_Financial_Infor
Parent Company Financial Information | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Condensed Financial Statements, Captions [Line Items] | ' | ||||||||||||
Condensed Financial Information of Parent Company Only Disclosure [Text Block] | ' | ||||||||||||
24 | PARENT COMPANY FINANCIAL INFORMATION | ||||||||||||
CONDENSED BALANCE SHEETS | |||||||||||||
December 31, | |||||||||||||
(In thousands) | 2013 | 2012 | |||||||||||
ASSETS | |||||||||||||
Cash and due from banks | $ | 902,697 | $ | 2,001 | |||||||||
Interest-bearing deposits | 72 | 75,808 | |||||||||||
Security resell agreements | — | 575,000 | |||||||||||
Investment securities: | |||||||||||||
Held-to-maturity, at adjusted cost (approximate fair value $31,422 and $22,112) | 17,359 | 22,679 | |||||||||||
Available-for-sale, at fair value | 675,895 | 461,665 | |||||||||||
Loans, net of allowance for loan losses of $0 and $23 | — | 1,277 | |||||||||||
Other noninterest-bearing investments | 37,154 | 50,799 | |||||||||||
Investments in subsidiaries: | |||||||||||||
Commercial banks and bank holding company | 6,700,315 | 6,668,881 | |||||||||||
Other operating companies | 31,535 | 36,516 | |||||||||||
Nonoperating – ZMFU II, Inc.1 | 44,511 | 43,012 | |||||||||||
Other assets | 278,392 | 311,093 | |||||||||||
$ | 8,687,930 | $ | 8,248,731 | ||||||||||
LIABILITIES AND SHAREHOLDERS’ EQUITY | |||||||||||||
Other liabilities | $ | 200,729 | $ | 106,159 | |||||||||
Short-term borrowings: | |||||||||||||
Due to others | — | 4,951 | |||||||||||
Subordinated debt to affiliated trusts | 15,464 | 309,278 | |||||||||||
Long-term debt: | |||||||||||||
Due to affiliates | 17 | — | |||||||||||
Due to others | 2,007,157 | 1,776,274 | |||||||||||
Total liabilities | 2,223,367 | 2,196,662 | |||||||||||
Shareholders’ equity: | |||||||||||||
Preferred stock | 1,003,970 | 1,128,302 | |||||||||||
Common stock | 4,179,024 | 4,166,109 | |||||||||||
Retained earnings | 1,473,670 | 1,203,815 | |||||||||||
Accumulated other comprehensive loss | (192,101 | ) | (446,157 | ) | |||||||||
Total shareholders’ equity | 6,464,563 | 6,052,069 | |||||||||||
$ | 8,687,930 | $ | 8,248,731 | ||||||||||
1 | ZMFU II, Inc. is a wholly-owned nonoperating subsidiary whose sole purpose is to hold a portfolio of municipal bonds, loans and leases. | ||||||||||||
CONDENSED STATEMENTS OF INCOME | |||||||||||||
Year Ended December 31, | |||||||||||||
(In thousands) | 2013 | 2012 | 2011 | ||||||||||
Interest income: | |||||||||||||
Commercial bank subsidiaries | $ | 757 | $ | 836 | $ | 2,519 | |||||||
Other subsidiaries and affiliates | 105 | 386 | 63 | ||||||||||
Loans and securities | 17,764 | 18,993 | 13,640 | ||||||||||
Total interest income | 18,626 | 20,215 | 16,222 | ||||||||||
Interest expense: | |||||||||||||
Affiliated trusts | 8,483 | 24,053 | 24,027 | ||||||||||
Other borrowed funds | 171,304 | 195,195 | 274,843 | ||||||||||
Total interest expense | 179,787 | 219,248 | 298,870 | ||||||||||
Net interest loss | (161,161 | ) | (199,033 | ) | (282,648 | ) | |||||||
Provision for loan losses | (23 | ) | (10 | ) | (38 | ) | |||||||
Net interest loss after provision for loan losses | (161,138 | ) | (199,023 | ) | (282,610 | ) | |||||||
Other income: | |||||||||||||
Dividends from consolidated subsidiaries: | |||||||||||||
Commercial banks and bank holding company | 421,406 | 246,606 | 71,350 | ||||||||||
Other operating companies | 200 | 5,440 | 14,151 | ||||||||||
Nonoperating – ZMFU II, Inc. | — | 50,000 | — | ||||||||||
Equity and fixed income securities gains (losses), net | (7,332 | ) | 86 | 426 | |||||||||
Net impairment losses on investment securities | (95,637 | ) | (74,153 | ) | (26,810 | ) | |||||||
Other income (loss) | (8,397 | ) | (6,562 | ) | 4,203 | ||||||||
310,240 | 221,417 | 63,320 | |||||||||||
Expenses: | |||||||||||||
Salaries and employee benefits | 26,014 | 20,507 | 19,033 | ||||||||||
Debt extinguishment cost | 120,192 | — | — | ||||||||||
Other operating expenses | 1,436 | 395 | 4,176 | ||||||||||
147,642 | 20,902 | 23,209 | |||||||||||
Income (loss) before income taxes and undistributed | 1,460 | 1,492 | (242,499 | ) | |||||||||
income/loss of consolidated subsidiaries | |||||||||||||
Income tax benefit | (133,798 | ) | (108,541 | ) | (104,395 | ) | |||||||
Income (loss) before equity in undistributed income/loss of consolidated subsidiaries | 135,258 | 110,033 | (138,104 | ) | |||||||||
Equity in undistributed income (loss) of consolidated subsidiaries: | |||||||||||||
Commercial banks and bank holding company | 132,906 | 304,559 | 488,806 | ||||||||||
Other operating companies | (4,887 | ) | (15,561 | ) | (27,687 | ) | |||||||
Nonoperating – ZMFU II, Inc. | 514 | (49,515 | ) | 789 | |||||||||
Net income | 263,791 | 349,516 | 323,804 | ||||||||||
Preferred stock dividends | (95,512 | ) | (170,885 | ) | (170,414 | ) | |||||||
Preferred stock redemption | 125,700 | — | — | ||||||||||
Net earnings loss applicable to common shareholders | $ | 293,979 | $ | 178,631 | $ | 153,390 | |||||||
CONDENSED STATEMENTS OF CASH FLOWS | |||||||||||||
Year Ended December 31, | |||||||||||||
(In thousands) | 2013 | 2012 | 2011 | ||||||||||
CASH FLOWS FROM OPERATING ACTIVITIES | |||||||||||||
Net income | $ | 263,791 | $ | 349,516 | $ | 323,804 | |||||||
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||||||||||||
Undistributed net income of consolidated subsidiaries | (128,533 | ) | (239,483 | ) | (461,908 | ) | |||||||
Net impairment losses on investment securities | 95,637 | 74,153 | 26,810 | ||||||||||
Debt Extinguishment cost | 120,192 | — | — | ||||||||||
Other, net | 69,098 | 4,376 | 27,505 | ||||||||||
Net cash provided by (used in) operating activities | 420,185 | 188,562 | (83,789 | ) | |||||||||
CASH FLOWS FROM INVESTING ACTIVITIES | |||||||||||||
Net decrease (increase) in money market investments | 650,736 | 305,668 | (408,811 | ) | |||||||||
Collection of advances to subsidiaries | 10,000 | 23,190 | 6,425 | ||||||||||
Advances to subsidiaries | (10,000 | ) | (23,000 | ) | (6,250 | ) | |||||||
Proceeds from sales and maturities of investment securities | 27,916 | 5,433 | 1,259,262 | ||||||||||
Purchases of investment securities | (4,858 | ) | (3,980 | ) | (575,887 | ) | |||||||
Decrease of investment in subsidiaries | 175,000 | 764,290 | 113,834 | ||||||||||
Other, net | 10,642 | 3,814 | 9,642 | ||||||||||
Net cash provided by investing activities | 859,436 | 1,075,415 | 398,215 | ||||||||||
CASH FLOWS FROM FINANCING ACTIVITIES | |||||||||||||
Net change in short-term funds borrowed | (3,368 | ) | (110,995 | ) | (165,500 | ) | |||||||
Proceeds from issuance of long-term debt | 646,408 | 757,610 | 101,821 | ||||||||||
Repayments of long-term debt | (835,031 | ) | (372,312 | ) | (117,975 | ) | |||||||
Debt extinguishment cost paid | (45,812 | ) | — | — | |||||||||
Proceeds from issuance of preferred stock | 784,318 | 141,342 | — | ||||||||||
Proceeds from issuance of common stock | 9,825 | 1,898 | 25,686 | ||||||||||
Cash paid for preferred stock redemptions | (799,468 | ) | (1,542,500 | ) | — | ||||||||
Dividends paid on preferred stock | (95,512 | ) | (126,189 | ) | (148,774 | ) | |||||||
Dividends paid on common stock | (24,148 | ) | (7,392 | ) | (7,361 | ) | |||||||
Other, net | (16,137 | ) | (3,449 | ) | (4,160 | ) | |||||||
Net cash used in financing activities | (378,925 | ) | (1,261,987 | ) | (316,263 | ) | |||||||
Net increase (decrease) in cash and due from banks | 900,696 | 1,990 | (1,837 | ) | |||||||||
Cash and due from banks at beginning of year | 2,001 | 11 | 1,848 | ||||||||||
Cash and due from banks at end of year | $ | 902,697 | $ | 2,001 | $ | 11 | |||||||
The Parent paid interest of $125.9 million in 2013, $124.1 million in 2012, and $126.7 million in 2011. |
Summary_Of_Significant_Account1
Summary Of Significant Accounting Policies (Policy) | 12 Months Ended |
Dec. 31, 2013 | |
Accounting Policies [Abstract] | ' |
Business | ' |
Business | |
Zions Bancorporation (“the Parent”) is a financial holding company headquartered in Salt Lake City, Utah, which provides a full range of banking and related services through its subsidiary banks in ten Western and Southwestern states as follows: Zions First National Bank (“Zions Bank”), in Utah and Idaho; California Bank & Trust (“CB&T”); Amegy Corporation (“Amegy”) and its subsidiary, Amegy Bank, in Texas; National Bank of Arizona (“NBAZ”); Nevada State Bank (“NSB”); Vectra Bank Colorado (“Vectra”), in Colorado and New Mexico; The Commerce Bank of Washington (“TCBW”); and The Commerce Bank of Oregon (“TCBO”). The Parent and its subsidiary banks also own and operate certain nonbank subsidiaries that engage in financial services. | |
Basis Of Financial Statement Presentation | ' |
Basis of Financial Statement Presentation | |
The consolidated financial statements include the accounts of the Parent and its majority-owned subsidiaries (“the Company,” “we,” “our,” “us”). Unconsolidated investments in which there is a greater than 20% ownership are accounted for by the equity method of accounting; those in which there is less than 20% ownership are accounted for under cost, fair value, or equity methods of accounting. All significant intercompany accounts and transactions have been eliminated in consolidation. | |
The consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and prevailing practices within the financial services industry. References to GAAP as promulgated by the Financial Accounting Standards Board (“FASB”) are made according to sections of the Accounting Standards Codification (“ASC”) and to Accounting Standards Updates (“ASU”). | |
In preparing the consolidated financial statements, we are required to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. | |
Reclassification Policy | ' |
Reclassifications | |
Certain amounts in 2011 have been reclassified to conform with the current year presentation. Certain credit card interchange fees were reclassified from interest and fees on loans to other service charges, commissions and fees. Income from factored receivables was reclassified from other service charges, commissions and fees to interest and fees on loans. The net effect decreased interest and fees on loans by $16.3 million in 2011 and increased other service charges, commissions and fees by the same amount. There was no effect on the balance sheet. The changes were made primarily to conform with prevailing reporting practices in the banking industry. Affected balances for 2011 in this Form 10-K have been adjusted where appropriate. There was no change in 2011 net earnings. | |
Variable Interest Entities | ' |
Variable Interest Entities | |
A variable interest entity (“VIE”) is consolidated when a company is the primary beneficiary of the VIE. Current accounting guidance requires continuous analysis on a qualitative rather than a quantitative basis to determine the primary beneficiary of a VIE. At the commencement of our involvement and periodically thereafter, we consider our consolidation conclusions for all entities with which we are involved. As of December 31, 2013, no VIEs have been consolidated in the Company’s financial statements. | |
Statement Of Cash Flows | ' |
Statement of Cash Flows | |
For purposes of presentation in the consolidated statements of cash flows, “cash and cash equivalents” are defined as those amounts included in cash and due from banks in the consolidated balance sheets. | |
Security Resell Agreements | ' |
Security Resell Agreements | |
Security resell agreements represent overnight and term agreements with the majority maturing within 30 days. These agreements are generally treated as collateralized financing transactions and are carried at amounts at which the securities were acquired plus accrued interest. Either the Company, or in some instances third parties on its behalf, take possession of the underlying securities. The fair value of such securities is monitored throughout the contract term to ensure that asset values remain sufficient to protect against counterparty default. We are permitted by contract to sell or repledge certain securities that we accept as collateral for security resell agreements. If sold, our obligation to return the collateral is recorded as a liability and included in the balance sheet as securities sold, not yet purchased. At December 31, 2013, we did not hold any securities for which we were permitted by contract to sell or repledge. Security resell agreements averaged approximately $675 million during 2013, and the maximum amount outstanding at any month-end during 2013 was approximately $2.3 billion. | |
Investment Securities | ' |
Investment Securities | |
We classify our investment securities according to their purpose and holding period. Gains or losses on the sale of securities are recognized using the specific identification method and recorded in noninterest income. | |
Held-to-maturity (“HTM”) debt securities are stated at adjusted cost, net of unamortized premiums and unaccreted discounts. The Company has the intent and ability to hold such securities until recovery of their amortized cost basis. However, see further discussion in Note 6 regarding the Company’s change in intent prior to December 31, 2013 for certain CDO securities. | |
Available-for-sale (“AFS”) securities are stated at fair value and generally consist of debt securities held for investment and marketable equity securities not accounted for under the equity method. Unrealized gains and losses of AFS securities, after applicable taxes, are recorded as a component of other comprehensive income (“OCI”). | |
We review quarterly our investment securities portfolio for any declines in value that are considered to be other-than-temporary impairment (“OTTI”). The process, methodology and factors considered to evaluate securities for OTTI are discussed further in Note 6. Noncredit-related OTTI on securities we intend to sell and credit-related OTTI regardless of intent is recognized in earnings. OTTI is recognized as a realized loss through earnings when our best estimate of discounted cash flows expected to be collected is less than our amortized cost basis. Noncredit-related OTTI on securities not expected to be sold is recognized in OCI. | |
Trading securities are stated at fair value and consist of securities acquired for short-term appreciation or other trading purposes. Realized and unrealized gains and losses are recorded in trading income, which is included in capital markets and foreign exchange. | |
The fair values of investment securities, as estimated under current accounting guidance, are discussed in Notes 8 and 21. | |
Loans And Allowance For Credit Losses | ' |
Loans and Allowance for Credit Losses | |
Loans are reported at the principal amount outstanding, net of unearned income. Unearned income, which includes deferred fees net of deferred direct loan origination costs, is amortized to interest income over the life of the loan using the interest method. Interest income is recognized on an accrual basis. | |
At the time of origination, we determine whether loans will be held for investment or held for sale. We may subsequently change our intent to hold loans for investment and reclassify them as held for sale. Loans held for sale are carried at the lower of aggregate cost or fair value. A valuation allowance is recorded when cost exceeds fair value based on reviews at the time of reclassification and periodically thereafter. Gains and losses are recorded in noninterest income based on the difference between sales proceeds and carrying value. | |
Loans that become other than current with respect to contractual payments due may be accounted for separately depending on the status of the loan, which is determined from certain credit quality indicators and analysis under the circumstances. The loan status includes past due, nonaccrual, impaired, modified, and restructured (including troubled debt restructurings). Our accounting policies for these loan types and our estimation of the related allowance for loan losses are discussed further in Note 7. | |
Certain purchased loans require separate accounting procedures that are also discussed in Note 7. | |
The allowance for credit losses includes the allowance for loan losses and the reserve for unfunded lending commitments, and represents our estimate of losses inherent in the loan portfolio that may be recognized from loans and lending commitments that are not recoverable. Further discussion of our estimation process for the allowance for credit losses is included in Note 7. | |
Other Real Estate Owned | ' |
Other Real Estate Owned | |
Other real estate owned (“OREO”) consists principally of commercial and residential real estate obtained in partial or total satisfaction of loan obligations. Amounts are recorded at the lower of cost or fair value (less any selling costs) based on property appraisals at the time of transfer and periodically thereafter. | |
Nonmarketable Securities | ' |
Nonmarketable Investments | |
Nonmarketable investments, including private equity investments, are included in other noninterest-bearing investments on the balance sheet. These investments include venture capital securities and securities acquired for various debt and regulatory requirements. See further discussion in Note 21. | |
Certain nonmarketable venture capital securities are accounted for under the equity method and reported at estimated fair values in the absence of readily ascertainable fair values. Changes in fair value and gains and losses from sales are recognized in noninterest income. The values assigned to the securities where no market quotations exist are based upon available information and may not necessarily represent amounts that will ultimately be realized. Such estimated amounts depend on future circumstances and will not be realized until the individual securities are liquidated. | |
Other nonmarketable investments, including private equity investments and those acquired for various debt and regulatory requirements, are accounted for at cost. Periodic reviews are conducted for impairment by comparing carrying values with estimates of fair value determined according to the previous discussion. | |
Premises And Equipment | ' |
Premises and Equipment | |
Premises and equipment are stated at cost, net of accumulated depreciation and amortization. Depreciation, computed primarily on the straight-line method, is charged to operations over the estimated useful lives of the properties, generally 25 to 40 years for buildings, 3 to 10 years for furniture and equipment, 3 to 5 years for software, and 10 years for software capitalized for the Company’s new lending and deposit systems. Leasehold improvements are amortized over the terms of the respective leases or the estimated useful lives of the improvements, whichever is shorter. | |
Business Combinations | ' |
Business Combinations | |
Business combinations are accounted for under the purchase method of accounting. Upon initially obtaining control, we recognize 100% of all acquired assets and all assumed liabilities regardless of the percentage owned. The assets and liabilities are recorded at their estimated fair values, with goodwill being recorded when such fair values are less than the cost of acquisition. Certain transaction and restructuring costs are expensed as incurred. Changes to estimated fair values from a business combination are recognized as an adjustment to goodwill over the measurement period, which cannot exceed one year from the acquisition date. Results of operations of the acquired business are included in our statement of income from the date of acquisition. | |
Goodwill And Identifiable Intangible Assets | ' |
Goodwill and Identifiable Intangible Assets | |
Goodwill and intangible assets deemed to have indefinite lives are not amortized. We subject these assets to annual specified impairment tests as of the beginning of the fourth quarter and more frequently if changing conditions warrant. Core deposit assets and other intangibles with finite useful lives are generally amortized on an accelerated basis using an estimated useful life of up to 12 years. | |
Derivative Instruments | ' |
Derivative Instruments | |
We use derivative instruments, including interest rate swaps and floors and basis swaps, as part of our overall interest rate risk management strategy. These instruments enable us to manage to desired asset and liability duration and to reduce interest rate exposure by matching estimated repricing periods of interest-sensitive assets and liabilities. We also execute derivative instruments with commercial banking customers to facilitate their risk management strategies. These derivatives are immediately hedged by offsetting derivatives such that we minimize our net risk exposure as a result of such transactions. We record all derivatives at fair value in the balance sheet as either other assets or other liabilities. See further discussion in Note 8. | |
Commitments And Letters Of Credit | ' |
Commitments and Letters of Credit | |
In the ordinary course of business, we enter into commitments to extend credit, commercial letters of credit, and standby letters of credit. Such financial instruments are recorded in the financial statements when they become payable. The credit risk associated with these commitments is evaluated in a manner similar to the allowance for loan losses. The reserve for unfunded lending commitments is presented separately in the balance sheet. | |
Share-Based Compensation | ' |
Share-Based Compensation | |
Share-based compensation generally includes grants of stock options, restricted stock, and other awards to employees and nonemployee directors. We recognize the share-based awards in the statement of income based on their fair values. See further discussion in Note 17. | |
Income Taxes | ' |
Income Taxes | |
Deferred tax assets and liabilities are determined based on temporary differences between financial statement asset and liability amounts and their respective tax bases and are measured using enacted tax laws and rates. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Deferred tax assets are recognized subject to management’s judgment that realization is more-likely-than-not. Unrecognized tax benefits for uncertain tax positions relate primarily to state tax contingencies. See further discussion in Note 15. | |
Net Earnings Per Common Share | ' |
Net Earnings Per Common Share | |
Net earnings per common share is based on net earnings applicable to common shareholders, which is net of preferred stock dividends. Basic net earnings per common share is based on the weighted average outstanding common shares during each year. Unvested share-based awards with rights to receive nonforfeitable dividends are considered participating securities and included in the computation of basic earnings per share. Diluted net earnings per common share is based on the weighted average outstanding common shares during each year, including common stock equivalents (such as warrants, stock options and restricted stock). Diluted net earnings per common share excludes common stock equivalents whose effect is antidilutive. See further discussion in Note 16. |
Supplemental_Cash_Flow_Informa1
Supplemental Cash Flow Information (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Supplemental Cash Flow Information [Abstract] | ' | ||||||||||||
Schedule Of Noncash Activities | ' | ||||||||||||
Noncash activities are summarized as follows: | |||||||||||||
(In thousands) | Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | |||||||||||
Loans transferred to other real estate owned | $ | 60,749 | $ | 172,018 | $ | 301,454 | |||||||
Loans and leases transferred to loans held for sale | 36,301 | — | 31,936 | ||||||||||
Beneficial conversion feature transferred from common stock to preferred stock as a result of subordinated debt conversions | 206 | 15,232 | 43,139 | ||||||||||
Subordinated debt converted to preferred stock | 1,210 | 89,564 | 256,109 | ||||||||||
Preferred stock transferred to common stock as a result of the Series C preferred stock redemption | 580 | — | — | ||||||||||
Preferred stock/beneficial conversion feature transferred to retained earnings as result of the Series C preferred stock redemption | 125,700 | — | — | ||||||||||
Amortized cost of HTM securities transferred to AFS securities | 181,915 | — | — | ||||||||||
Investment_Securities_Tables
Investment Securities (Tables) | 12 Months Ended | |||||||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||||||
Investments [Abstract] | ' | |||||||||||||||||||||||||||
Summary Of Investment Securities | ' | |||||||||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||||
Recognized in OCI 1 | Not recognized in OCI | |||||||||||||||||||||||||||
(In thousands) | Amortized | Gross | Gross | Carrying | Gross | Gross | Estimated | |||||||||||||||||||||
cost | unrealized | unrealized | value | unrealized | unrealized | fair | ||||||||||||||||||||||
gains | losses | gains | losses | value | ||||||||||||||||||||||||
Held-to-maturity | ||||||||||||||||||||||||||||
Municipal securities | $ | 551,055 | $ | — | $ | — | $ | 551,055 | $ | 11,295 | $ | 4,616 | $ | 557,734 | ||||||||||||||
Asset-backed securities: | ||||||||||||||||||||||||||||
Trust preferred securities – banks and insurance | 79,419 | — | 41,593 | 37,826 | 15,195 | 1,308 | 51,713 | |||||||||||||||||||||
Other | — | — | — | — | — | — | — | |||||||||||||||||||||
Other debt securities | 100 | — | — | 100 | — | — | 100 | |||||||||||||||||||||
630,574 | — | 41,593 | 588,981 | 26,490 | 5,924 | 609,547 | ||||||||||||||||||||||
Available-for-sale | ||||||||||||||||||||||||||||
U.S. Treasury securities | 1,442 | 104 | — | 1,546 | 1,546 | |||||||||||||||||||||||
U.S. Government agencies and corporations: | ||||||||||||||||||||||||||||
Agency securities | 517,905 | 1,920 | 901 | 518,924 | 518,924 | |||||||||||||||||||||||
Agency guaranteed mortgage-backed securities | 308,687 | 9,926 | 1,237 | 317,376 | 317,376 | |||||||||||||||||||||||
Small Business Administration loan-backed securities | 1,202,901 | 21,129 | 2,771 | 1,221,259 | 1,221,259 | |||||||||||||||||||||||
Municipal securities | 65,425 | 1,329 | 490 | 66,264 | 66,264 | |||||||||||||||||||||||
Asset-backed securities: | ||||||||||||||||||||||||||||
Trust preferred securities – banks and insurance | 1,508,224 | 13,439 | 282,843 | 1,238,820 | 1,238,820 | |||||||||||||||||||||||
Trust preferred securities – real estate investment trusts | 22,996 | — | — | 22,996 | 22,996 | |||||||||||||||||||||||
Auction rate securities | 6,507 | 118 | 26 | 6,599 | 6,599 | |||||||||||||||||||||||
Other | 27,540 | 359 | — | 27,899 | 27,899 | |||||||||||||||||||||||
3,661,627 | 48,324 | 288,268 | 3,421,683 | 3,421,683 | ||||||||||||||||||||||||
Mutual funds and other | 287,603 | 21 | 7,421 | 280,203 | 280,203 | |||||||||||||||||||||||
3,949,230 | 48,345 | 295,689 | 3,701,886 | 3,701,886 | ||||||||||||||||||||||||
Total | $ | 4,579,804 | $ | 48,345 | $ | 337,282 | $ | 4,290,867 | $ | 4,311,433 | ||||||||||||||||||
December 31, 2012 | ||||||||||||||||||||||||||||
Recognized in OCI 1 | Not recognized in OCI | |||||||||||||||||||||||||||
(In thousands) | Amortized | Gross | Gross | Carrying | Gross | Gross | Estimated | |||||||||||||||||||||
cost | unrealized | unrealized | value | unrealized | unrealized | fair | ||||||||||||||||||||||
gains | losses | gains | losses | value | ||||||||||||||||||||||||
Held-to-maturity | ||||||||||||||||||||||||||||
Municipal securities | $ | 524,738 | $ | — | $ | — | $ | 524,738 | $ | 12,837 | $ | 709 | $ | 536,866 | ||||||||||||||
Asset-backed securities: | ||||||||||||||||||||||||||||
Trust preferred securities – banks and insurance | 255,647 | — | 42,964 | 212,683 | 114 | 86,596 | 126,201 | |||||||||||||||||||||
Other | 21,858 | — | 2,470 | 19,388 | 709 | 8,523 | 11,574 | |||||||||||||||||||||
Other debt securities | 100 | — | — | 100 | — | — | 100 | |||||||||||||||||||||
802,343 | — | 45,434 | 756,909 | 13,660 | 95,828 | 674,741 | ||||||||||||||||||||||
Available-for-sale | ||||||||||||||||||||||||||||
U.S. Treasury securities | 104,313 | 211 | — | 104,524 | 104,524 | |||||||||||||||||||||||
U.S. Government agencies and corporations: | ||||||||||||||||||||||||||||
Agency securities | 108,814 | 3,959 | 116 | 112,657 | 112,657 | |||||||||||||||||||||||
Agency guaranteed mortgage-backed securities | 406,928 | 18,598 | 16 | 425,510 | 425,510 | |||||||||||||||||||||||
Small Business Administration loan-backed securities | 1,124,322 | 29,245 | 639 | 1,152,928 | 1,152,928 | |||||||||||||||||||||||
Municipal securities | 75,344 | 2,622 | 1,970 | 75,996 | 75,996 | |||||||||||||||||||||||
Asset-backed securities: | ||||||||||||||||||||||||||||
Trust preferred securities – banks and insurance | 1,596,156 | 16,687 | 663,451 | 949,392 | 949,392 | |||||||||||||||||||||||
Trust preferred securities – real estate investment trusts | 40,485 | — | 24,082 | 16,403 | 16,403 | |||||||||||||||||||||||
Auction rate securities | 6,504 | 79 | 68 | 6,515 | 6,515 | |||||||||||||||||||||||
Other | 25,614 | 701 | 6,941 | 19,374 | 19,374 | |||||||||||||||||||||||
3,488,480 | 72,102 | 697,283 | 2,863,299 | 2,863,299 | ||||||||||||||||||||||||
Mutual funds and other | 228,469 | 194 | 652 | 228,011 | 228,011 | |||||||||||||||||||||||
3,716,949 | 72,296 | 697,935 | 3,091,310 | 3,091,310 | ||||||||||||||||||||||||
Total | $ | 4,519,292 | $ | 72,296 | $ | 743,369 | $ | 3,848,219 | $ | 3,766,051 | ||||||||||||||||||
1 | The gross unrealized losses recognized in OCI on HTM securities resulted from a previous transfer of AFS securities | |||||||||||||||||||||||||||
to HTM | ||||||||||||||||||||||||||||
Contractual Maturities Debt Securities | ' | |||||||||||||||||||||||||||
Held-to-maturity | Available-for-sale | |||||||||||||||||||||||||||
(In thousands) | Amortized | Estimated | Amortized | Estimated | ||||||||||||||||||||||||
cost | fair | cost | fair | |||||||||||||||||||||||||
value | value | |||||||||||||||||||||||||||
Due in one year or less | $ | 53,489 | $ | 53,200 | $ | 446,742 | $ | 434,528 | ||||||||||||||||||||
Due after one year through five years | 197,830 | 202,553 | 1,151,262 | 1,126,669 | ||||||||||||||||||||||||
Due after five years through ten years | 136,754 | 134,360 | 724,261 | 702,395 | ||||||||||||||||||||||||
Due after ten years | 242,501 | 219,434 | 1,339,362 | 1,158,091 | ||||||||||||||||||||||||
$ | 630,574 | $ | 609,547 | $ | 3,661,627 | $ | 3,421,683 | |||||||||||||||||||||
Summary Of Amount Of Gross Unrealized Losses For Debt Securities And Estimated Fair Value | ' | |||||||||||||||||||||||||||
The following is a summary of the amount of gross unrealized losses for debt securities and the estimated fair value by length of time the securities have been in an unrealized loss position: | ||||||||||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||||
Less than 12 months | 12 months or more | Total | ||||||||||||||||||||||||||
(In thousands) | Gross | Estimated | Gross | Estimated | Gross | Estimated | ||||||||||||||||||||||
unrealized | fair | unrealized | fair | unrealized | fair | |||||||||||||||||||||||
losses | value | losses | value | losses | value | |||||||||||||||||||||||
Held-to-maturity | ||||||||||||||||||||||||||||
Municipal securities | $ | 4,025 | $ | 70,400 | $ | 591 | $ | 9,103 | $ | 4,616 | $ | 79,503 | ||||||||||||||||
Asset-backed securities: | ||||||||||||||||||||||||||||
Trust preferred securities – banks and insurance | — | — | 42,901 | 51,319 | 42,901 | 51,319 | ||||||||||||||||||||||
Other | — | — | — | — | — | — | ||||||||||||||||||||||
4,025 | 70,400 | 43,492 | 60,422 | 47,517 | 130,822 | |||||||||||||||||||||||
Available-for-sale | ||||||||||||||||||||||||||||
U.S. Government agencies and corporations: | ||||||||||||||||||||||||||||
Agency securities | 828 | 47,862 | 73 | 5,874 | 901 | 53,736 | ||||||||||||||||||||||
Agency guaranteed mortgage-backed securities | 1,231 | 64,533 | 6 | 935 | 1,237 | 65,468 | ||||||||||||||||||||||
Small Business Administration loan-backed securities | 1,709 | 187,680 | 1,062 | 39,256 | 2,771 | 226,936 | ||||||||||||||||||||||
Municipal securities | 73 | 8,834 | 417 | 3,179 | 490 | 12,013 | ||||||||||||||||||||||
Asset-backed securities: | ||||||||||||||||||||||||||||
Trust preferred securities – banks and insurance | 2,539 | 51,911 | 280,304 | 847,990 | 282,843 | 899,901 | ||||||||||||||||||||||
Trust preferred securities – real estate investment trusts | — | — | — | — | — | — | ||||||||||||||||||||||
Auction rate securities | 5 | 1,609 | 21 | 892 | 26 | 2,501 | ||||||||||||||||||||||
Other | — | — | — | — | — | — | ||||||||||||||||||||||
6,385 | 362,429 | 281,883 | 898,126 | 288,268 | 1,260,555 | |||||||||||||||||||||||
Mutual funds and other | 943 | 24,057 | 6,478 | 103,614 | 7,421 | 127,671 | ||||||||||||||||||||||
7,328 | 386,486 | 288,361 | 1,001,740 | 295,689 | 1,388,226 | |||||||||||||||||||||||
Total | $ | 11,353 | $ | 456,886 | $ | 331,853 | $ | 1,062,162 | $ | 343,206 | $ | 1,519,048 | ||||||||||||||||
December 31, 2012 | ||||||||||||||||||||||||||||
Less than 12 months | 12 months or more | Total | ||||||||||||||||||||||||||
(In thousands) | Gross unrealized losses | Estimated fair | Gross unrealized losses | Estimated fair | Gross unrealized losses | Estimated fair | ||||||||||||||||||||||
value | value | value | ||||||||||||||||||||||||||
Held-to-maturity | ||||||||||||||||||||||||||||
Municipal securities | $ | 630 | $ | 42,613 | $ | 79 | $ | 5,910 | $ | 709 | $ | 48,523 | ||||||||||||||||
Asset-backed securities: | ||||||||||||||||||||||||||||
Trust preferred securities – banks and insurance | — | — | 129,560 | 126,019 | 129,560 | 126,019 | ||||||||||||||||||||||
Other | — | — | 10,993 | 10,904 | 10,993 | 10,904 | ||||||||||||||||||||||
Other debt securities | — | — | — | — | — | — | ||||||||||||||||||||||
630 | 42,613 | 140,632 | 142,833 | 141,262 | 185,446 | |||||||||||||||||||||||
Available-for-sale | ||||||||||||||||||||||||||||
U.S. Government agencies and corporations: | ||||||||||||||||||||||||||||
Agency securities | 35 | 18,633 | 81 | 6,916 | 116 | 25,549 | ||||||||||||||||||||||
Agency guaranteed mortgage-backed securities | 10 | 6,032 | 6 | 629 | 16 | 6,661 | ||||||||||||||||||||||
Small Business Administration loan-backed securities | 91 | 15,199 | 548 | 69,011 | 639 | 84,210 | ||||||||||||||||||||||
Municipal securities | 61 | 4,898 | 1,909 | 11,768 | 1,970 | 16,666 | ||||||||||||||||||||||
Asset-backed securities: | ||||||||||||||||||||||||||||
Trust preferred securities – banks and insurance | — | — | 663,451 | 765,421 | 663,451 | 765,421 | ||||||||||||||||||||||
Trust preferred securities – real estate investment trusts | — | — | 24,082 | 16,403 | 24,082 | 16,403 | ||||||||||||||||||||||
Auction rate securities | — | — | 68 | 2,459 | 68 | 2,459 | ||||||||||||||||||||||
Other | — | — | 6,941 | 15,234 | 6,941 | 15,234 | ||||||||||||||||||||||
197 | 44,762 | 697,086 | 887,841 | 697,283 | 932,603 | |||||||||||||||||||||||
Mutual funds and other | 652 | 112,324 | — | — | 652 | 112,324 | ||||||||||||||||||||||
849 | 157,086 | 697,086 | 887,841 | 697,935 | 1,044,927 | |||||||||||||||||||||||
Total | $ | 1,479 | $ | 199,699 | $ | 837,718 | $ | 1,030,674 | $ | 839,197 | $ | 1,230,373 | ||||||||||||||||
Rollforward Of Total Amount Of Credit-Related OTTI | ' | |||||||||||||||||||||||||||
The following is a tabular rollforward of the total amount of credit-related OTTI, including amounts recognized in earnings: | ||||||||||||||||||||||||||||
(In thousands) | 2013 | 2012 | ||||||||||||||||||||||||||
HTM | AFS | Total | HTM | AFS | Total | |||||||||||||||||||||||
Balance of credit-related OTTI at beginning of year | $ | (13,549 | ) | $ | (394,494 | ) | $ | (408,043 | ) | $ | (6,126 | ) | $ | (314,860 | ) | $ | (320,986 | ) | ||||||||||
Additions recognized in earnings during the year: | ||||||||||||||||||||||||||||
Credit-related OTTI not previously recognized 1 | (403 | ) | (168 | ) | (571 | ) | (2,890 | ) | (5,654 | ) | (8,544 | ) | ||||||||||||||||
Credit-related OTTI previously recognized when there is no intent to sell and no requirement to sell before recovery of amortized cost basis 2 | — | (27,482 | ) | (27,482 | ) | (4,533 | ) | (90,984 | ) | (95,517 | ) | |||||||||||||||||
Subtotal of amounts recognized in earnings | (403 | ) | (27,650 | ) | (28,053 | ) | (7,423 | ) | (96,638 | ) | (104,061 | ) | ||||||||||||||||
Transfers from HTM to AFS | 4,900 | (4,900 | ) | — | — | — | — | |||||||||||||||||||||
Reductions for securities sold or paid off | — | 47,768 | 47,768 | — | 17,004 | 17,004 | ||||||||||||||||||||||
during the year | ||||||||||||||||||||||||||||
Reductions for securities the Company intends to sell or will be required to sell before recovery of its amortized cost basis | — | 202,443 | 202,443 | — | — | — | ||||||||||||||||||||||
Balance of credit-related OTTI at end of year | $ | (9,052 | ) | $ | (176,833 | ) | $ | (185,885 | ) | $ | (13,549 | ) | $ | (394,494 | ) | $ | (408,043 | ) | ||||||||||
Noncredit Related OTTI | ' | |||||||||||||||||||||||||||
(In thousands) | 2013 | 2012 | 2011 | |||||||||||||||||||||||||
HTM | $ | 16,114 | $ | 16,718 | $ | 20,945 | ||||||||||||||||||||||
AFS | 7,358 | 45,478 | 22,697 | |||||||||||||||||||||||||
$ | 23,472 | $ | 62,196 | $ | 43,642 | |||||||||||||||||||||||
Gains And Losses, Including OTTI, Recognized In Statement Of Income | ' | |||||||||||||||||||||||||||
The following summarizes gains and losses, including OTTI, that were recognized in the statement of income: | ||||||||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||||||
(In thousands) | Gross | Gross | Gross | Gross | Gross | Gross losses | ||||||||||||||||||||||
gains | losses | gains | losses | gains | ||||||||||||||||||||||||
Investment securities: | ||||||||||||||||||||||||||||
Held-to-maturity | $ | 81 | $ | 403 | $ | 214 | $ | 7,423 | $ | 229 | $ | 769 | ||||||||||||||||
Available-for-sale | 13,881 | 181,591 | 25,120 | 102,428 | 21,793 | 43,068 | ||||||||||||||||||||||
Other noninterest-bearing investments: | ||||||||||||||||||||||||||||
Nonmarketable equity securities | 10,182 | 1,662 | 23,218 | 11,965 | 9,449 | 2,938 | ||||||||||||||||||||||
24,144 | 183,656 | 48,552 | 121,816 | 31,471 | 46,775 | |||||||||||||||||||||||
Net losses | $ | (159,512 | ) | $ | (73,264 | ) | $ | (15,304 | ) | |||||||||||||||||||
Statement of income information: | ||||||||||||||||||||||||||||
Net impairment losses on investment securities | $ | (165,134 | ) | $ | (104,061 | ) | $ | (33,683 | ) | |||||||||||||||||||
Equity securities gains, net | 8,520 | 11,253 | 6,511 | |||||||||||||||||||||||||
Fixed income securities gains (losses), net | (2,898 | ) | 19,544 | 11,868 | ||||||||||||||||||||||||
Net losses | $ | (159,512 | ) | $ | (73,264 | ) | $ | (15,304 | ) |
Loans_And_Allowance_For_Credit1
Loans And Allowance For Credit Losses (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||
Loans And Allowance For Credit Losses [Abstract] | ' | ||||||||||||||||||||||||||||
Summary Of Major Portfolio Segment And Specific Loan Class | ' | ||||||||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||||||
(In thousands) | 2013 | 2012 | |||||||||||||||||||||||||||
Loans held for sale | $ | 171,328 | $ | 251,651 | |||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 12,481,083 | $ | 11,256,945 | |||||||||||||||||||||||||
Leasing | 387,929 | 422,513 | |||||||||||||||||||||||||||
Owner occupied | 7,437,195 | 7,589,082 | |||||||||||||||||||||||||||
Municipal | 449,418 | 494,183 | |||||||||||||||||||||||||||
Total commercial | 20,755,625 | 19,762,723 | |||||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Construction and land development | 2,182,821 | 1,939,413 | |||||||||||||||||||||||||||
Term | 8,005,837 | 8,062,819 | |||||||||||||||||||||||||||
Total commercial real estate | 10,188,658 | 10,002,232 | |||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||
Home equity credit line | 2,133,120 | 2,177,680 | |||||||||||||||||||||||||||
1-4 family residential | 4,736,665 | 4,350,329 | |||||||||||||||||||||||||||
Construction and other consumer real estate | 324,922 | 321,235 | |||||||||||||||||||||||||||
Bankcard and other revolving plans | 356,240 | 306,428 | |||||||||||||||||||||||||||
Other | 197,864 | 216,379 | |||||||||||||||||||||||||||
Total consumer | 7,748,811 | 7,372,051 | |||||||||||||||||||||||||||
FDIC-supported loans | 350,271 | 528,241 | |||||||||||||||||||||||||||
Total loans | $ | 39,043,365 | $ | 37,665,247 | |||||||||||||||||||||||||
Summary Of Changes in The Allowance For Credit Losses | ' | ||||||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||
(In thousands) | Commercial | Commercial | Consumer | FDIC- | Total | ||||||||||||||||||||||||
real estate | supported 1 | ||||||||||||||||||||||||||||
Allowance for loan losses | |||||||||||||||||||||||||||||
Balance at beginning of year | $ | 510,908 | $ | 276,976 | $ | 95,656 | $ | 12,547 | $ | 896,087 | |||||||||||||||||||
Additions: | |||||||||||||||||||||||||||||
Provision for loan losses | (5,640 | ) | (63,544 | ) | (19,100 | ) | 1,148 | (87,136 | ) | ||||||||||||||||||||
Adjustment for FDIC-supported loans | — | — | — | (11,237 | ) | (11,237 | ) | ||||||||||||||||||||||
Deductions: | |||||||||||||||||||||||||||||
Gross loan and lease charge-offs | (75,434 | ) | (24,609 | ) | (28,960 | ) | (1,794 | ) | (130,797 | ) | |||||||||||||||||||
Recoveries | 35,311 | 24,540 | 13,269 | 6,254 | 79,374 | ||||||||||||||||||||||||
Net loan and lease charge-offs | (40,123 | ) | (69 | ) | (15,691 | ) | 4,460 | (51,423 | ) | ||||||||||||||||||||
Balance at end of year | $ | 465,145 | $ | 213,363 | $ | 60,865 | $ | 6,918 | $ | 746,291 | |||||||||||||||||||
Reserve for unfunded lending commitments | |||||||||||||||||||||||||||||
Balance at beginning of year | $ | 67,374 | $ | 37,852 | $ | 1,583 | $ | — | $ | 106,809 | |||||||||||||||||||
Provision charged (credited) to earnings | (19,029 | ) | (367 | ) | 2,292 | — | (17,104 | ) | |||||||||||||||||||||
Balance at end of year | $ | 48,345 | $ | 37,485 | $ | 3,875 | $ | — | $ | 89,705 | |||||||||||||||||||
Total allowance for credit losses | |||||||||||||||||||||||||||||
Allowance for loan losses | $ | 465,145 | $ | 213,363 | $ | 60,865 | $ | 6,918 | $ | 746,291 | |||||||||||||||||||
Reserve for unfunded lending commitments | 48,345 | 37,485 | 3,875 | — | 89,705 | ||||||||||||||||||||||||
Total allowance for credit losses | $ | 513,490 | $ | 250,848 | $ | 64,740 | $ | 6,918 | $ | 835,996 | |||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||
(In thousands) | Commercial | Commercial | Consumer | FDIC- | Total | ||||||||||||||||||||||||
real estate | supported 1 | ||||||||||||||||||||||||||||
Allowance for loan losses | |||||||||||||||||||||||||||||
Balance at beginning of year | $ | 561,351 | $ | 343,747 | $ | 123,115 | $ | 23,472 | $ | 1,051,685 | |||||||||||||||||||
Additions: | |||||||||||||||||||||||||||||
Provision for loan losses | 16,808 | (18,982 | ) | 18,389 | (1,988 | ) | 14,227 | ||||||||||||||||||||||
Adjustment for FDIC-supported loans | — | — | — | (14,542 | ) | (14,542 | ) | ||||||||||||||||||||||
Deductions: | |||||||||||||||||||||||||||||
Gross loan and lease charge-offs | (117,506 | ) | (82,944 | ) | (60,273 | ) | (6,466 | ) | (267,189 | ) | |||||||||||||||||||
Recoveries | 50,255 | 35,155 | 14,425 | 12,071 | 111,906 | ||||||||||||||||||||||||
Net loan and lease charge-offs | (67,251 | ) | (47,789 | ) | (45,848 | ) | 5,605 | (155,283 | ) | ||||||||||||||||||||
Balance at end of year | $ | 510,908 | $ | 276,976 | $ | 95,656 | $ | 12,547 | $ | 896,087 | |||||||||||||||||||
Reserve for unfunded lending commitments | |||||||||||||||||||||||||||||
Balance at beginning of year | $ | 77,232 | $ | 23,572 | $ | 1,618 | $ | — | $ | 102,422 | |||||||||||||||||||
Provision charged (credited) to earnings | (9,858 | ) | 14,280 | (35 | ) | — | 4,387 | ||||||||||||||||||||||
Balance at end of year | $ | 67,374 | $ | 37,852 | $ | 1,583 | $ | — | $ | 106,809 | |||||||||||||||||||
Total allowance for credit losses | |||||||||||||||||||||||||||||
Allowance for loan losses | $ | 510,908 | $ | 276,976 | $ | 95,656 | $ | 12,547 | $ | 896,087 | |||||||||||||||||||
Reserve for unfunded lending commitments | 67,374 | 37,852 | 1,583 | — | 106,809 | ||||||||||||||||||||||||
Total allowance for credit losses | $ | 578,282 | $ | 314,828 | $ | 97,239 | $ | 12,547 | $ | 1,002,896 | |||||||||||||||||||
1 The Purchased Loans section following contains further discussion related to FDIC-supported loans. | |||||||||||||||||||||||||||||
Summary Of ALLL And Outstanding Loan Balances According To The Company's Impairment Method | ' | ||||||||||||||||||||||||||||
The ALLL and outstanding loan balances according to the Company’s impairment method are summarized as follows: | |||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||
(In thousands) | Commercial | Commercial | Consumer | FDIC- | Total | ||||||||||||||||||||||||
real estate | supported | ||||||||||||||||||||||||||||
Allowance for loan losses | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 39,288 | $ | 12,510 | $ | 10,701 | $ | — | $ | 62,499 | |||||||||||||||||||
Collectively evaluated for impairment | 425,857 | 200,853 | 50,164 | 392 | 677,266 | ||||||||||||||||||||||||
Purchased loans with evidence of credit deterioration | — | — | — | 6,526 | 6,526 | ||||||||||||||||||||||||
Total | $ | 465,145 | $ | 213,363 | $ | 60,865 | $ | 6,918 | $ | 746,291 | |||||||||||||||||||
Outstanding loan balances | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 315,604 | $ | 262,907 | $ | 101,545 | $ | 1,224 | $ | 681,280 | |||||||||||||||||||
Collectively evaluated for impairment | 20,440,021 | 9,925,751 | 7,647,266 | 37,963 | 38,051,001 | ||||||||||||||||||||||||
Purchased loans with evidence of credit deterioration | — | — | — | 311,084 | 311,084 | ||||||||||||||||||||||||
Total | $ | 20,755,625 | $ | 10,188,658 | $ | 7,748,811 | $ | 350,271 | $ | 39,043,365 | |||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
(In thousands) | Commercial | Commercial | Consumer | FDIC- | Total | ||||||||||||||||||||||||
real estate | supported | ||||||||||||||||||||||||||||
Allowance for loan losses | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 30,587 | $ | 22,295 | $ | 13,758 | $ | — | $ | 66,640 | |||||||||||||||||||
Collectively evaluated for impairment | 480,321 | 254,681 | 81,898 | 422 | 817,322 | ||||||||||||||||||||||||
Purchased loans with evidence of credit deterioration | — | — | — | 12,125 | 12,125 | ||||||||||||||||||||||||
Total | $ | 510,908 | $ | 276,976 | $ | 95,656 | $ | 12,547 | $ | 896,087 | |||||||||||||||||||
Outstanding loan balances | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 353,380 | $ | 437,647 | $ | 112,320 | $ | 1,149 | $ | 904,496 | |||||||||||||||||||
Collectively evaluated for impairment | 19,409,343 | 9,564,585 | 7,259,731 | 57,896 | 36,291,555 | ||||||||||||||||||||||||
Purchased loans with evidence of credit deterioration | — | — | — | 469,196 | 469,196 | ||||||||||||||||||||||||
Total | $ | 19,762,723 | $ | 10,002,232 | $ | 7,372,051 | $ | 528,241 | $ | 37,665,247 | |||||||||||||||||||
Summary Of Nonaccrual Loans | ' | ||||||||||||||||||||||||||||
Nonaccrual loans are summarized as follows: | |||||||||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||||||
(In thousands) | 2013 | 2012 | |||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 97,960 | $ | 90,859 | |||||||||||||||||||||||||
Leasing | 757 | 838 | |||||||||||||||||||||||||||
Owner occupied | 136,281 | 206,031 | |||||||||||||||||||||||||||
Municipal | 9,986 | 9,234 | |||||||||||||||||||||||||||
Total commercial | 244,984 | 306,962 | |||||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Construction and land development | 29,205 | 107,658 | |||||||||||||||||||||||||||
Term | 60,380 | 124,615 | |||||||||||||||||||||||||||
Total commercial real estate | 89,585 | 232,273 | |||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||
Home equity credit line | 8,969 | 14,247 | |||||||||||||||||||||||||||
1-4 family residential | 53,002 | 70,180 | |||||||||||||||||||||||||||
Construction and other consumer real estate | 3,510 | 4,560 | |||||||||||||||||||||||||||
Bankcard and other revolving plans | 1,365 | 1,190 | |||||||||||||||||||||||||||
Other | 804 | 1,398 | |||||||||||||||||||||||||||
Total consumer loans | 67,650 | 91,575 | |||||||||||||||||||||||||||
FDIC-supported loans | 4,394 | 17,343 | |||||||||||||||||||||||||||
Total | $ | 406,613 | $ | 648,153 | |||||||||||||||||||||||||
Summary Of Past Due Loans (Accruing And Nonaccruing) | ' | ||||||||||||||||||||||||||||
Past due loans (accruing and nonaccruing) are summarized as follows: | |||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||
(In thousands) | Current | 30-89 days | 90+ days | Total | Total | Accruing | Nonaccrual | ||||||||||||||||||||||
past due | past due | past due | loans | loans | loans | ||||||||||||||||||||||||
90+ days | that are | ||||||||||||||||||||||||||||
past due | current1 | ||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 12,387,546 | $ | 48,811 | $ | 44,726 | $ | 93,537 | $ | 12,481,083 | $ | 1,855 | $ | 52,412 | |||||||||||||||
Leasing | 387,526 | 173 | 230 | 403 | 387,929 | 36 | 563 | ||||||||||||||||||||||
Owner occupied | 7,357,618 | 36,718 | 42,859 | 79,577 | 7,437,195 | 744 | 82,072 | ||||||||||||||||||||||
Municipal | 440,608 | 3,307 | 5,503 | 8,810 | 449,418 | — | 1,176 | ||||||||||||||||||||||
Total commercial | 20,573,298 | 89,009 | 93,318 | 182,327 | 20,755,625 | 2,635 | 136,223 | ||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Construction and land development | 2,162,018 | 8,967 | 11,836 | 20,803 | 2,182,821 | 23 | 17,311 | ||||||||||||||||||||||
Term | 7,971,327 | 15,362 | 19,148 | 34,510 | 8,005,837 | 5,580 | 42,624 | ||||||||||||||||||||||
Total commercial real estate | 10,133,345 | 24,329 | 30,984 | 55,313 | 10,188,658 | 5,603 | 59,935 | ||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||
Home equity credit line | 2,122,549 | 8,001 | 2,570 | 10,571 | 2,133,120 | 98 | 2,868 | ||||||||||||||||||||||
1-4 family residential | 4,704,852 | 8,526 | 23,287 | 31,813 | 4,736,665 | 667 | 27,592 | ||||||||||||||||||||||
Construction and other consumer real estate | 322,807 | 1,038 | 1,077 | 2,115 | 324,922 | — | 2,232 | ||||||||||||||||||||||
Bankcard and other revolving plans | 353,060 | 2,093 | 1,087 | 3,180 | 356,240 | 900 | 1,105 | ||||||||||||||||||||||
Other | 196,327 | 827 | 710 | 1,537 | 197,864 | 54 | 125 | ||||||||||||||||||||||
Total consumer loans | 7,699,595 | 20,485 | 28,731 | 49,216 | 7,748,811 | 1,719 | 33,922 | ||||||||||||||||||||||
FDIC-supported loans | 305,709 | 12,026 | 32,536 | 44,562 | 350,271 | 30,391 | 1,975 | ||||||||||||||||||||||
Total | $ | 38,711,947 | $ | 145,849 | $ | 185,569 | $ | 331,418 | $ | 39,043,365 | $ | 40,348 | $ | 232,055 | |||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
(In thousands) | Current | 30-89 days | 90+ days | Total | Total | Accruing | Nonaccrual | ||||||||||||||||||||||
past due | past due | past due | loans | loans | loans | ||||||||||||||||||||||||
90+ days | that are | ||||||||||||||||||||||||||||
past due | current1 | ||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 11,124,639 | $ | 73,555 | $ | 58,751 | $ | 132,306 | $ | 11,256,945 | $ | 4,013 | $ | 32,389 | |||||||||||||||
Leasing | 421,590 | 115 | 808 | 923 | 422,513 | — | — | ||||||||||||||||||||||
Owner occupied | 7,447,083 | 56,504 | 85,495 | 141,999 | 7,589,082 | 1,822 | 100,835 | ||||||||||||||||||||||
Municipal | 494,183 | — | — | — | 494,183 | — | 9,234 | ||||||||||||||||||||||
Total commercial | 19,487,495 | 130,174 | 145,054 | 275,228 | 19,762,723 | 5,835 | 142,458 | ||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Construction and land development | 1,836,284 | 66,139 | 36,990 | 103,129 | 1,939,413 | 853 | 50,044 | ||||||||||||||||||||||
Term | 7,984,819 | 24,730 | 53,270 | 78,000 | 8,062,819 | 107 | 54,546 | ||||||||||||||||||||||
Total commercial real estate | 9,821,103 | 90,869 | 90,260 | 181,129 | 10,002,232 | 960 | 104,590 | ||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||
Home equity credit line | 2,169,722 | 4,036 | 3,922 | 7,958 | 2,177,680 | — | 8,846 | ||||||||||||||||||||||
1-4 family residential | 4,282,611 | 24,060 | 43,658 | 67,718 | 4,350,329 | 1,423 | 21,945 | ||||||||||||||||||||||
Construction and other consumer real estate | 314,931 | 4,344 | 1,960 | 6,304 | 321,235 | 395 | 2,500 | ||||||||||||||||||||||
Bankcard and other revolving plans | 302,587 | 2,439 | 1,402 | 3,841 | 306,428 | 1,010 | 721 | ||||||||||||||||||||||
Other | 213,930 | 1,411 | 1,038 | 2,449 | 216,379 | 107 | 275 | ||||||||||||||||||||||
Total consumer loans | 7,283,781 | 36,290 | 51,980 | 88,270 | 7,372,051 | 2,935 | 34,287 | ||||||||||||||||||||||
FDIC-supported loans | 454,333 | 12,407 | 61,501 | 73,908 | 528,241 | 52,033 | 7,393 | ||||||||||||||||||||||
Total | $ | 37,046,712 | $ | 269,740 | $ | 348,795 | $ | 618,535 | $ | 37,665,247 | $ | 61,763 | $ | 288,728 | |||||||||||||||
1 Represents nonaccrual loans not past due more than 30 days; however, full payment of principal and interest is still not expected. | |||||||||||||||||||||||||||||
Summary Of Outstanding Loan Balances (Accruing And Nonaccruing) Categorized By Credit Quality Indicators | ' | ||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||
(In thousands) | Pass | Special | Sub- | Doubtful | Total | Total | |||||||||||||||||||||||
Mention | standard | loans | allowance | ||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 11,807,825 | $ | 303,598 | $ | 360,391 | $ | 9,269 | $ | 12,481,083 | |||||||||||||||||||
Leasing | 380,268 | 2,050 | 5,611 | — | 387,929 | ||||||||||||||||||||||||
Owner occupied | 6,827,464 | 184,328 | 425,403 | — | 7,437,195 | ||||||||||||||||||||||||
Municipal | 439,432 | — | 9,986 | — | 449,418 | ||||||||||||||||||||||||
Total commercial | 19,454,989 | 489,976 | 801,391 | 9,269 | 20,755,625 | $ | 465,145 | ||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Construction and land development | 2,107,828 | 15,010 | 59,983 | — | 2,182,821 | ||||||||||||||||||||||||
Term | 7,569,472 | 172,856 | 263,509 | — | 8,005,837 | ||||||||||||||||||||||||
Total commercial real estate | 9,677,300 | 187,866 | 323,492 | — | 10,188,658 | 213,363 | |||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||
Home equity credit line | 2,111,475 | — | 21,645 | — | 2,133,120 | ||||||||||||||||||||||||
1-4 family residential | 4,668,841 | — | 67,824 | — | 4,736,665 | ||||||||||||||||||||||||
Construction and other consumer real estate | 313,881 | — | 11,041 | — | 324,922 | ||||||||||||||||||||||||
Bankcard and other revolving plans | 353,618 | — | 2,622 | — | 356,240 | ||||||||||||||||||||||||
Other | 196,770 | — | 1,094 | — | 197,864 | ||||||||||||||||||||||||
Total consumer loans | 7,644,585 | — | 104,226 | — | 7,748,811 | 60,865 | |||||||||||||||||||||||
FDIC-supported loans | 232,893 | 22,532 | 94,846 | — | 350,271 | 6,918 | |||||||||||||||||||||||
Total | $ | 37,009,767 | $ | 700,374 | $ | 1,323,955 | $ | 9,269 | $ | 39,043,365 | $ | 746,291 | |||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
(In thousands) | Pass | Special | Sub- | Doubtful | Total | Total | |||||||||||||||||||||||
Mention | standard | loans | allowance | ||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 10,717,594 | $ | 198,645 | $ | 336,230 | $ | 4,476 | $ | 11,256,945 | |||||||||||||||||||
Leasing | 419,482 | 226 | 2,805 | — | 422,513 | ||||||||||||||||||||||||
Owner occupied | 6,833,923 | 138,539 | 612,011 | 4,609 | 7,589,082 | ||||||||||||||||||||||||
Municipal | 453,193 | 31,756 | 9,234 | — | 494,183 | ||||||||||||||||||||||||
Total commercial | 18,424,192 | 369,166 | 960,280 | 9,085 | 19,762,723 | $ | 510,908 | ||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Construction and land development | 1,648,215 | 57,348 | 233,374 | 476 | 1,939,413 | ||||||||||||||||||||||||
Term | 7,433,789 | 237,201 | 388,914 | 2,915 | 8,062,819 | ||||||||||||||||||||||||
Total commercial real estate | 9,082,004 | 294,549 | 622,288 | 3,391 | 10,002,232 | 276,976 | |||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||
Home equity credit line | 2,138,693 | 85 | 38,897 | 5 | 2,177,680 | ||||||||||||||||||||||||
1-4 family residential | 4,234,426 | 4,316 | 111,063 | 524 | 4,350,329 | ||||||||||||||||||||||||
Construction and other consumer real estate | 313,499 | 218 | 7,518 | — | 321,235 | ||||||||||||||||||||||||
Bankcard and other revolving plans | 298,665 | 23 | 7,740 | — | 306,428 | ||||||||||||||||||||||||
Other | 209,293 | 3,211 | 3,875 | — | 216,379 | ||||||||||||||||||||||||
Total consumer loans | 7,194,576 | 7,853 | 169,093 | 529 | 7,372,051 | 95,656 | |||||||||||||||||||||||
FDIC-supported loans | 327,609 | 24,980 | 175,652 | — | 528,241 | 12,547 | |||||||||||||||||||||||
Total | $ | 35,028,381 | $ | 696,548 | $ | 1,927,313 | $ | 13,005 | $ | 37,665,247 | $ | 896,087 | |||||||||||||||||
Summary Of Information On Impaired Loans | ' | ||||||||||||||||||||||||||||
December 31, 2013 | Year Ended | ||||||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||
(In thousands) | Unpaid | Recorded investment | Total | Related | Average | Interest | |||||||||||||||||||||||
principal | recorded | allowance | recorded | income | |||||||||||||||||||||||||
balance | with no | with | investment | investment | recognized | ||||||||||||||||||||||||
allowance | allowance | ||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 178,281 | $ | 30,092 | $ | 126,692 | $ | 156,784 | $ | 23,687 | $ | 185,895 | $ | 3,572 | |||||||||||||||
Owner occupied | 151,499 | 50,361 | 88,584 | 138,945 | 13,900 | 216,218 | 3,620 | ||||||||||||||||||||||
Total commercial | 329,780 | 80,453 | 215,276 | 295,729 | 37,587 | 402,113 | 7,192 | ||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Construction and land development | 85,440 | 19,206 | 50,744 | 69,950 | 3,483 | 134,540 | 4,013 | ||||||||||||||||||||||
Term | 171,826 | 34,258 | 112,330 | 146,588 | 7,981 | 286,389 | 6,686 | ||||||||||||||||||||||
Total commercial real estate | 257,266 | 53,464 | 163,074 | 216,538 | 11,464 | 420,929 | 10,699 | ||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||
Home equity credit line | 17,547 | 12,568 | 2,200 | 14,768 | 178 | 13,380 | 385 | ||||||||||||||||||||||
1-4 family residential | 95,613 | 38,775 | 42,132 | 80,907 | 10,276 | 100,283 | 1,581 | ||||||||||||||||||||||
Construction and other consumer real estate | 4,713 | 2,643 | 933 | 3,576 | 175 | 6,218 | 148 | ||||||||||||||||||||||
Bankcard and other revolving plans | 726 | 726 | — | 726 | — | — | — | ||||||||||||||||||||||
Other | — | — | — | — | — | 1,770 | — | ||||||||||||||||||||||
Total consumer loans | 118,599 | 54,712 | 45,265 | 99,977 | 10,629 | 121,651 | 2,114 | ||||||||||||||||||||||
FDIC-supported loans | 404,308 | 83,917 | 228,392 | 312,309 | 6,526 | 384,402 | 112,082 | 1 | |||||||||||||||||||||
Total | $ | 1,109,953 | $ | 272,546 | $ | 652,007 | $ | 924,553 | $ | 66,206 | $ | 1,329,095 | $ | 132,087 | |||||||||||||||
December 31, 2012 | Year Ended | ||||||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||
(In thousands) | Unpaid | Recorded investment | Total | Related | Average | Interest | |||||||||||||||||||||||
principal | recorded | allowance | recorded | income | |||||||||||||||||||||||||
balance | with no | with | investment | investment | recognized | ||||||||||||||||||||||||
allowance | allowance | ||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 176,521 | $ | 27,035 | $ | 119,780 | $ | 146,815 | $ | 12,198 | $ | 199,238 | $ | 3,557 | |||||||||||||||
Owner occupied | 210,319 | 79,413 | 106,282 | 185,695 | 17,105 | 262,511 | 2,512 | ||||||||||||||||||||||
Total commercial | 386,840 | 106,448 | 226,062 | 332,510 | 29,303 | 461,749 | 6,069 | ||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Construction and land development | 182,385 | 67,241 | 85,855 | 153,096 | 5,178 | 274,226 | 4,785 | ||||||||||||||||||||||
Term | 310,242 | 70,718 | 187,112 | 257,830 | 16,725 | 410,901 | 7,298 | ||||||||||||||||||||||
Total commercial real estate | 492,627 | 137,959 | 272,967 | 410,926 | 21,903 | 685,127 | 12,083 | ||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||
Home equity credit line | 14,339 | 8,055 | 3,444 | 11,499 | 297 | 2,766 | 42 | ||||||||||||||||||||||
1-4 family residential | 108,934 | 42,602 | 49,867 | 92,469 | 12,921 | 107,118 | 1,629 | ||||||||||||||||||||||
Construction and other consumer real estate | 7,054 | 2,710 | 3,085 | 5,795 | 517 | 9,697 | 188 | ||||||||||||||||||||||
Bankcard and other revolving plans | 287 | — | 287 | 287 | 1 | 24 | — | ||||||||||||||||||||||
Other | 2,454 | 1,832 | 175 | 2,007 | 22 | 1,055 | — | ||||||||||||||||||||||
Total consumer loans | 133,068 | 55,199 | 56,858 | 112,057 | 13,758 | 120,660 | 1,859 | ||||||||||||||||||||||
FDIC-supported loans | 895,804 | 275,187 | 195,158 | 470,345 | 12,125 | 622,125 | 89,921 | 1 | |||||||||||||||||||||
Total | $ | 1,908,339 | $ | 574,793 | $ | 751,045 | $ | 1,325,838 | $ | 77,089 | $ | 1,889,661 | $ | 109,932 | |||||||||||||||
1 | The balance of interest income recognized results primarily from accretion of interest income on impaired FDIC-supported loans. | ||||||||||||||||||||||||||||
Summary Of Selected Information On TDRs That Includes Recorded Investment On An Accruing And Nonaccruing Basis By Loan Class And Modification Type | ' | ||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||
Recorded investment resulting from the following modification types: | |||||||||||||||||||||||||||||
(In thousands) | Interest | Maturity | Principal | Payment | Other1 | Multiple | Total | ||||||||||||||||||||||
rate below | or term | forgiveness | deferral | modification | |||||||||||||||||||||||||
market | extension | types2 | |||||||||||||||||||||||||||
Accruing | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 1,143 | $ | 9,848 | $ | 11,491 | $ | 3,217 | $ | 4,308 | $ | 53,117 | $ | 83,124 | |||||||||||||||
Owner occupied | 22,841 | 1,482 | 987 | 1,291 | 9,659 | 23,576 | 59,836 | ||||||||||||||||||||||
Total commercial | 23,984 | 11,330 | 12,478 | 4,508 | 13,967 | 76,693 | 142,960 | ||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Construction and land development | 1,067 | 8,231 | — | 1,063 | 4,119 | 28,295 | 42,775 | ||||||||||||||||||||||
Term | 7,542 | 9,241 | 190 | 3,783 | 14,932 | 61,024 | 96,712 | ||||||||||||||||||||||
Total commercial real estate | 8,609 | 17,472 | 190 | 4,846 | 19,051 | 89,319 | 139,487 | ||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||
Home equity credit line | 743 | — | 9,438 | — | 323 | 332 | 10,836 | ||||||||||||||||||||||
1-4 family residential | 2,628 | 997 | 6,814 | 643 | 3,083 | 35,869 | 50,034 | ||||||||||||||||||||||
Construction and other consumer real estate | 128 | 329 | 11 | — | — | 1,514 | 1,982 | ||||||||||||||||||||||
Other | — | — | — | — | — | — | — | ||||||||||||||||||||||
Total consumer loans | 3,499 | 1,326 | 16,263 | 643 | 3,406 | 37,715 | 62,852 | ||||||||||||||||||||||
Total accruing | 36,092 | 30,128 | 28,931 | 9,997 | 36,424 | 203,727 | 345,299 | ||||||||||||||||||||||
Nonaccruing | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | 2,028 | 6,989 | — | 473 | 8,948 | 10,395 | 28,833 | ||||||||||||||||||||||
Owner occupied | 3,020 | 1,489 | 1,043 | 1,593 | 10,482 | 14,927 | 32,554 | ||||||||||||||||||||||
Total commercial | 5,048 | 8,478 | 1,043 | 2,066 | 19,430 | 25,322 | 61,387 | ||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Construction and land development | 11,699 | 1,555 | — | — | 5,303 | 8,617 | 27,174 | ||||||||||||||||||||||
Term | 2,126 | — | — | 1,943 | 315 | 14,861 | 19,245 | ||||||||||||||||||||||
Total commercial real estate | 13,825 | 1,555 | — | 1,943 | 5,618 | 23,478 | 46,419 | ||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||
Home equity credit line | — | — | 1,036 | — | 221 | — | 1,257 | ||||||||||||||||||||||
1-4 family residential | 4,315 | 1,396 | 1,606 | — | 3,901 | 14,109 | 25,327 | ||||||||||||||||||||||
Construction and other consumer real estate | 4 | 1,260 | — | — | — | 229 | 1,493 | ||||||||||||||||||||||
Bankcard and other revolving plans | — | 252 | — | — | — | — | 252 | ||||||||||||||||||||||
Other | — | — | — | — | — | — | — | ||||||||||||||||||||||
Total consumer loans | 4,319 | 2,908 | 2,642 | — | 4,122 | 14,338 | 28,329 | ||||||||||||||||||||||
Total nonaccruing | 23,192 | 12,941 | 3,685 | 4,009 | 29,170 | 63,138 | 136,135 | ||||||||||||||||||||||
Total | $ | 59,284 | $ | 43,069 | $ | 32,616 | $ | 14,006 | $ | 65,594 | $ | 266,865 | $ | 481,434 | |||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
Recorded investment resulting from the following modification types: | |||||||||||||||||||||||||||||
(In thousands) | Interest | Maturity | Principal | Payment | Other1 | Multiple | Total | ||||||||||||||||||||||
rate below | or term | forgiveness | deferral | modification | |||||||||||||||||||||||||
market | extension | types2 | |||||||||||||||||||||||||||
Accruing | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 5,388 | $ | 6,139 | $ | — | $ | 3,585 | $ | 17,647 | $ | 44,684 | $ | 77,443 | |||||||||||||||
Owner occupied | 20,963 | 12,104 | — | 4,013 | 9,305 | 13,598 | 59,983 | ||||||||||||||||||||||
Total commercial | 26,351 | 18,243 | — | 7,598 | 26,952 | 58,282 | 137,426 | ||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Construction and land development | 1,718 | 9,868 | 2 | 59 | 8,432 | 30,248 | 50,327 | ||||||||||||||||||||||
Term | 30,118 | 1,854 | 8,433 | 3,807 | 32,302 | 82,809 | 159,323 | ||||||||||||||||||||||
Total commercial real estate | 31,836 | 11,722 | 8,435 | 3,866 | 40,734 | 113,057 | 209,650 | ||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||
Home equity credit line | 744 | — | 5,965 | — | 300 | 218 | 7,227 | ||||||||||||||||||||||
1-4 family residential | 2,665 | 1,324 | 5,923 | 147 | 3,319 | 36,199 | 49,577 | ||||||||||||||||||||||
Construction and other consumer real estate | 147 | — | — | — | 641 | 2,354 | 3,142 | ||||||||||||||||||||||
Other | — | 3 | — | — | 1 | — | 4 | ||||||||||||||||||||||
Total consumer loans | 3,556 | 1,327 | 11,888 | 147 | 4,261 | 38,771 | 59,950 | ||||||||||||||||||||||
Total accruing | 61,743 | 31,292 | 20,323 | 11,611 | 71,947 | 210,110 | 407,026 | ||||||||||||||||||||||
Nonaccruing | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | 318 | 5,667 | — | 480 | 2,035 | 17,379 | 25,879 | ||||||||||||||||||||||
Owner occupied | 3,822 | 4,816 | 654 | 4,701 | 7,643 | 7,803 | 29,439 | ||||||||||||||||||||||
Total commercial | 4,140 | 10,483 | 654 | 5,181 | 9,678 | 25,182 | 55,318 | ||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Construction and land development | 18,255 | 1,308 | — | — | 1,807 | 68,481 | 89,851 | ||||||||||||||||||||||
Term | 3,042 | 536 | — | 2,645 | 9,389 | 17,718 | 33,330 | ||||||||||||||||||||||
Total commercial real estate | 21,297 | 1,844 | — | 2,645 | 11,196 | 86,199 | 123,181 | ||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||
Home equity credit line | — | — | 4,008 | — | 131 | 143 | 4,282 | ||||||||||||||||||||||
1-4 family residential | 4,697 | 5,637 | 4,048 | — | 1,693 | 14,240 | 30,315 | ||||||||||||||||||||||
Construction and other consumer real estate | 7 | 1,671 | — | — | — | 243 | 1,921 | ||||||||||||||||||||||
Bankcard and other revolving plans | — | 287 | — | — | — | — | 287 | ||||||||||||||||||||||
Other | — | — | — | 172 | — | — | 172 | ||||||||||||||||||||||
Total consumer loans | 4,704 | 7,595 | 8,056 | 172 | 1,824 | 14,626 | 36,977 | ||||||||||||||||||||||
Total nonaccruing | 30,141 | 19,922 | 8,710 | 7,998 | 22,698 | 126,007 | 215,476 | ||||||||||||||||||||||
Total | $ | 91,884 | $ | 51,214 | $ | 29,033 | $ | 19,609 | $ | 94,645 | $ | 336,117 | $ | 622,502 | |||||||||||||||
1 Includes TDRs that resulted from other modification types including, but not limited to, a legal judgment awarded on different terms, a bankruptcy plan confirmed on different terms, a settlement that includes the delivery of collateral in exchange for debt reduction, etc. | |||||||||||||||||||||||||||||
2 Includes TDRs that resulted from a combination of any of the previous modification types. | |||||||||||||||||||||||||||||
Schedule Of Net Financial Impact On Interest Income Due To Interest Rate Modifications Below Market For Accruing TDR Loans | ' | ||||||||||||||||||||||||||||
Year Ended | |||||||||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||||||
(In thousands) | 2013 | 2012 | |||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | (1 | ) | $ | (287 | ) | |||||||||||||||||||||||
Owner occupied | (4,672 | ) | (1,612 | ) | |||||||||||||||||||||||||
Total commercial | (4,673 | ) | (1,899 | ) | |||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Construction and land development | (1,342 | ) | (1,069 | ) | |||||||||||||||||||||||||
Term | (8,908 | ) | (6,664 | ) | |||||||||||||||||||||||||
Total commercial real estate | (10,250 | ) | (7,733 | ) | |||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||
Home equity credit line | (121 | ) | (86 | ) | |||||||||||||||||||||||||
1-4 family residential | (14,980 | ) | (16,164 | ) | |||||||||||||||||||||||||
Construction and other consumer real estate | (433 | ) | (674 | ) | |||||||||||||||||||||||||
Total consumer loans | (15,534 | ) | (16,924 | ) | |||||||||||||||||||||||||
Total decrease to interest income1 | $ | (30,457 | ) | $ | (26,556 | ) | |||||||||||||||||||||||
1 | Calculated based on the difference between the modified rate and the premodified rate applied to the recorded investment. | ||||||||||||||||||||||||||||
Schedule Of Investment Of Accruing And Nonaccruing Loans Modified As Troubled Debt Restructurings | ' | ||||||||||||||||||||||||||||
(In thousands) | 31-Dec-13 | 31-Dec-12 | |||||||||||||||||||||||||||
Accruing | Nonaccruing | Total | Accruing | Nonaccruing | Total | ||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | — | $ | — | $ | — | $ | — | $ | 1,816 | $ | 1,816 | |||||||||||||||||
Owner occupied | — | 430 | 430 | 159 | 679 | 838 | |||||||||||||||||||||||
Total commercial | — | 430 | 430 | 159 | 2,495 | 2,654 | |||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Construction and land development | — | 1,676 | 1,676 | — | — | — | |||||||||||||||||||||||
Term | — | — | — | — | — | — | |||||||||||||||||||||||
Total commercial real estate | — | 1,676 | 1,676 | — | — | — | |||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||
Home equity credit line | — | 342 | 342 | — | 336 | 336 | |||||||||||||||||||||||
1-4 family residential | — | 2,592 | 2,592 | — | 8,085 | 8,085 | |||||||||||||||||||||||
Total consumer loans | — | 2,934 | 2,934 | — | 8,421 | 8,421 | |||||||||||||||||||||||
Total | $ | — | $ | 5,040 | $ | 5,040 | $ | 159 | $ | 10,916 | $ | 11,075 | |||||||||||||||||
Schedule Of Outstanding Balances Of All Required Payments And The Related Carrying Amounts For PCI Loans | ' | ||||||||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||||||
(In thousands) | 2013 | 2012 | |||||||||||||||||||||||||||
Commercial | $ | 150,191 | $ | 227,414 | |||||||||||||||||||||||||
Commercial real estate | 233,720 | 382,068 | |||||||||||||||||||||||||||
Consumer | 28,608 | 41,398 | |||||||||||||||||||||||||||
Outstanding balance | $ | 412,519 | $ | 650,880 | |||||||||||||||||||||||||
Carrying amount | $ | 311,797 | $ | 472,040 | |||||||||||||||||||||||||
ALLL | 6,478 | 12,077 | |||||||||||||||||||||||||||
Carrying amount, net | $ | 305,319 | $ | 459,963 | |||||||||||||||||||||||||
Schedule Of Changes In The Accretable Yield For PCI Loans | ' | ||||||||||||||||||||||||||||
(In thousands) | 2013 | 2012 | |||||||||||||||||||||||||||
Balance at beginning of year | $ | 134,461 | $ | 184,679 | |||||||||||||||||||||||||
Accretion | (111,951 | ) | (89,849 | ) | |||||||||||||||||||||||||
Reclassification from nonaccretable difference | 36,467 | 30,632 | |||||||||||||||||||||||||||
Disposals and other | 18,551 | 8,999 | |||||||||||||||||||||||||||
Balance at end of year | $ | 77,528 | $ | 134,461 | |||||||||||||||||||||||||
Schedule Of Changes In The FDIC Indemnification Asset | ' | ||||||||||||||||||||||||||||
(In thousands) | 2013 | 2012 | |||||||||||||||||||||||||||
Balance at beginning of year | $ | 90,929 | $ | 133,810 | |||||||||||||||||||||||||
Amounts filed with the FDIC and collected or in process | 21,302 | 17,004 | |||||||||||||||||||||||||||
Net change in asset balance due to reestimation of projected cash flows 1 | (85,820 | ) | (59,885 | ) | |||||||||||||||||||||||||
Balance at end of year | $ | 26,411 | $ | 90,929 | |||||||||||||||||||||||||
1 | Negative amounts result from the accretion of loan balances based on increases in cash flow estimates on the underlying indemnified loans. |
Derivative_Instruments_And_Hed1
Derivative Instruments And Hedging Activities Amount of Derivative Gain/Loss Recognized/Reclassified (Tables) | 12 Months Ended | |||||||||||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||||||||||
Summary of Derivative Instruments [Abstract] | ' | |||||||||||||||||||||||||||||||
Schedule of Derivative Instruments | ' | |||||||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | |||||||||||||||||||||||||||||||
Notional | Fair value | Notional | Fair value | |||||||||||||||||||||||||||||
(In thousands) | amount | Other | Other | amount | Other | Other | ||||||||||||||||||||||||||
assets | liabilities | assets | liabilities | |||||||||||||||||||||||||||||
Derivatives designated as hedging instruments | ||||||||||||||||||||||||||||||||
Cash flow hedges 1: | ||||||||||||||||||||||||||||||||
Interest rate swaps | $ | 100,000 | $ | 202 | $ | 583 | $ | 150,000 | $ | 1,188 | $ | — | ||||||||||||||||||||
Total derivatives designated as hedging instruments | 100,000 | 202 | 583 | 150,000 | 1,188 | — | ||||||||||||||||||||||||||
Derivatives not designated as hedging instruments | ||||||||||||||||||||||||||||||||
Interest rate swaps | 65,850 | 420 | 421 | 98,524 | 1,043 | 1,047 | ||||||||||||||||||||||||||
Interest rate swaps for customers 2 | 2,902,776 | 55,447 | 54,688 | 2,607,603 | 79,579 | 82,926 | ||||||||||||||||||||||||||
Foreign exchange | 751,066 | 9,614 | 8,643 | 520,696 | 4,404 | 3,159 | ||||||||||||||||||||||||||
Total return swap | 1,159,686 | — | 4,062 | 1,159,686 | — | 5,127 | ||||||||||||||||||||||||||
Total derivatives not designated as hedging instruments | 4,879,378 | 65,481 | 67,814 | 4,386,509 | 85,026 | 92,259 | ||||||||||||||||||||||||||
Total derivatives | $ | 4,979,378 | $ | 65,683 | $ | 68,397 | $ | 4,536,509 | $ | 86,214 | $ | 92,259 | ||||||||||||||||||||
Schedule Of Gain (Loss) Of Derivative Instruments | ' | |||||||||||||||||||||||||||||||
Year Ended December 31, 2013 | Year Ended December 31, 2012 | |||||||||||||||||||||||||||||||
Amount of derivative gain (loss) recognized/reclassified | ||||||||||||||||||||||||||||||||
(In thousands) | OCI | Reclassified | Noninterest | Offset to | OCI | Reclassified | Noninterest | Offset to | ||||||||||||||||||||||||
from AOCI | income | interest | from AOCI | income | interest | |||||||||||||||||||||||||||
to interest | (expense) | expense | to interest | (expense) | expense | |||||||||||||||||||||||||||
income | income | |||||||||||||||||||||||||||||||
Derivatives designated as hedging instruments | ||||||||||||||||||||||||||||||||
Asset derivatives | ||||||||||||||||||||||||||||||||
Cash flow hedges 1: | ||||||||||||||||||||||||||||||||
Interest rate swaps | $ | (225 | ) | $ | 2,647 | $ | 390 | $ | 13,062 | |||||||||||||||||||||||
(225 | ) | 2,647 | 3 | 390 | 13,062 | 3 | ||||||||||||||||||||||||||
Liability derivatives | ||||||||||||||||||||||||||||||||
Fair value hedges: | ||||||||||||||||||||||||||||||||
Terminated swaps on long-term debt | $ | 3,120 | $ | 3,054 | ||||||||||||||||||||||||||||
Total derivatives designated as hedging instruments | (225 | ) | 2,647 | 3,120 | 390 | 13,062 | 3,054 | |||||||||||||||||||||||||
Derivatives not designated as hedging instruments | ||||||||||||||||||||||||||||||||
Interest rate swaps | $ | (493 | ) | $ | (1,467 | ) | ||||||||||||||||||||||||||
Interest rate swaps for customers 2 | 10,918 | 7,858 | ||||||||||||||||||||||||||||||
Basis swaps | — | 18 | ||||||||||||||||||||||||||||||
Futures contracts | 2 | (13 | ) | |||||||||||||||||||||||||||||
Foreign exchange | 9,190 | 8,628 | ||||||||||||||||||||||||||||||
Total return swap | (21,753 | ) | (21,707 | ) | ||||||||||||||||||||||||||||
Total derivatives not designated as hedging instruments | (2,136 | ) | (6,683 | ) | ||||||||||||||||||||||||||||
Total derivatives | $ | (225 | ) | $ | 2,647 | $ | (2,136 | ) | $ | 3,120 | $ | 390 | $ | 13,062 | $ | (6,683 | ) | $ | 3,054 | |||||||||||||
Note: These schedules are not intended to present at any given time the Company’s long/short position with respect to its derivative contracts. | ||||||||||||||||||||||||||||||||
1 Amounts recognized in OCI and reclassified from AOCI represent the effective portion of the derivative gain (loss). | ||||||||||||||||||||||||||||||||
2 Amounts include both the customer swaps and the offsetting derivative contracts. | ||||||||||||||||||||||||||||||||
3 Amounts of $2.6 million for 2013 and $13.1 million for 2012 are the amounts of reclassification to earnings presented in the tabular changes of AOCI in Note 14. |
Goodwill_And_Other_Intangible_1
Goodwill And Other Intangible Assets (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | ||||||||||||||||||||||||
Amortizing Intangible Assets | ' | ||||||||||||||||||||||||
Gross carrying amount | Accumulated amortization | Net carrying amount | |||||||||||||||||||||||
(In thousands) | 2013 | 2012 | 2013 | 2012 | 2013 | 2012 | |||||||||||||||||||
Core deposit intangibles | $ | 180,290 | $ | 180,290 | $ | (146,557 | ) | $ | (133,628 | ) | $ | 33,733 | $ | 46,662 | |||||||||||
Customer relationships and other intangibles | 29,064 | 29,064 | (26,353 | ) | (24,908 | ) | 2,711 | 4,156 | |||||||||||||||||
$ | 209,354 | $ | 209,354 | $ | (172,910 | ) | $ | (158,536 | ) | $ | 36,444 | $ | 50,818 | ||||||||||||
Schedule Of Estimated Amortization Expense | ' | ||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||
2014 | $ | 10,924 | |||||||||||||||||||||||
2015 | 9,247 | ||||||||||||||||||||||||
2016 | 7,888 | ||||||||||||||||||||||||
2017 | 6,370 | ||||||||||||||||||||||||
2018 | 1,556 | ||||||||||||||||||||||||
Schedule Of Goodwill | ' | ||||||||||||||||||||||||
(In thousands) | Zions Bank | CB&T | Amegy | Other | Consolidated Company | ||||||||||||||||||||
Balance at December 31, 2011 | $ | 19,514 | $ | 379,024 | $ | 615,591 | $ | 1,000 | $ | 1,015,129 | |||||||||||||||
Impairment losses | — | — | — | (1,000 | ) | (1,000 | ) | ||||||||||||||||||
Balance at December 31, 2012 | 19,514 | 379,024 | 615,591 | — | 1,014,129 | ||||||||||||||||||||
Impairment losses | — | — | — | — | — | ||||||||||||||||||||
Balance at December 31, 2013 | $ | 19,514 | $ | 379,024 | $ | 615,591 | $ | — | $ | 1,014,129 | |||||||||||||||
Deposits_Tables
Deposits (Tables) | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Maturities of All Time Deposits [Abstract] | ' | ||||
Deposit Liabilities Disclosures [Text Block] | ' | ||||
11 | DEPOSITS | ||||
At December 31, 2013, the scheduled maturities of all time deposits were as follows: | |||||
(In thousands) | |||||
2014 | $ | 2,216,605 | |||
2015 | 265,984 | ||||
2016 | 161,620 | ||||
2017 | 86,903 | ||||
2018 | 113,534 | ||||
Thereafter | 663 | ||||
$ | 2,845,309 | ||||
At December 31, 2013, the contractual maturities of domestic time deposits with a denomination of $100,000 and over were as follows: $351 million in 3 months or less, $301 million over 3 months through 6 months, $374 million over 6 months through 12 months, and $304 million over 12 months. | |||||
Domestic time deposits under $100,000 were $1.3 billion and $1.5 billion at December 31, 2013 and 2012, respectively. Domestic time deposits $100,000 and over were $1.3 billion and $1.5 billion at December 31, 2013 and 2012, respectively. Foreign time deposits $100,000 and over were $252 million and $213 million at December 31, 2013 and 2012, respectively. | |||||
Deposit overdrafts reclassified as loan balances were $39 million and $78 million at December 31, 2013 and 2012, respectively. | |||||
Maturity of All Time Deposits [Table Text Block] | ' | ||||
(In thousands) | |||||
2014 | $ | 2,216,605 | |||
2015 | 265,984 | ||||
2016 | 161,620 | ||||
2017 | 86,903 | ||||
2018 | 113,534 | ||||
Thereafter | 663 | ||||
$ | 2,845,309 | ||||
ShortTerm_Borrowings_Tables
Short-Term Borrowings (Tables) | 0 Months Ended | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | Dec. 31, 2013 | |||||||||||||||||||||
Short-term Debt [Line Items] | ' | ' | ||||||||||||||||||||
Summary Of Short-Term Borrowings | ' | ' | ||||||||||||||||||||
(Amounts in thousands) | 2013 | 2012 | 2011 | |||||||||||||||||||
Federal funds purchased: | ||||||||||||||||||||||
Average amount outstanding | $ | 150,217 | $ | 280,859 | $ | 312,730 | ||||||||||||||||
Weighted average rate | 0.15 | % | 0.19 | % | 0.2 | % | ||||||||||||||||
Highest month-end balance | $ | 206,450 | $ | 560,674 | $ | 361,217 | ||||||||||||||||
Year-end balance | 129,131 | 175,468 | 214,224 | |||||||||||||||||||
Weighted average rate on outstandings at year-end | 0.14 | % | 0.13 | % | 0.2 | % | ||||||||||||||||
Security repurchase agreements: | ||||||||||||||||||||||
Average amount outstanding | $ | 124,929 | $ | 190,365 | $ | 340,015 | ||||||||||||||||
Weighted average rate | 0.05 | % | 0.04 | % | 0.05 | % | ||||||||||||||||
Highest month-end balance | $ | 137,611 | $ | 264,187 | $ | 393,874 | ||||||||||||||||
Year-end balance | 137,611 | 145,010 | 393,874 | |||||||||||||||||||
Weighted average rate on outstandings at year-end | 0.05 | % | 0.04 | % | 0.06 | % | ||||||||||||||||
Federal funds purchased and security repurchase agreements at year-end | $ | 266,742 | $ | 320,478 | $ | 608,098 | ||||||||||||||||
Summary Of Other Short-Term Borrowings | ' | ' | ||||||||||||||||||||
December 31, | ||||||||||||||||||||||
(In thousands) | 2013 | 2012 | ||||||||||||||||||||
Senior medium-term notes | $ | — | $ | 4,951 | ||||||||||||||||||
Commercial paper | — | — | ||||||||||||||||||||
Other | — | 458 | ||||||||||||||||||||
$ | — | $ | 5,409 | |||||||||||||||||||
LongTerm_Debt_Tables
Long-Term Debt (Tables) | 0 Months Ended | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | Dec. 31, 2013 | |||||||||||||||||||||
Long-term Debt, Unclassified [Abstract] | ' | ' | ||||||||||||||||||||
Schedule Of Long-Term Debt | ' | ' | ||||||||||||||||||||
December 31, | ||||||||||||||||||||||
(In thousands) | 2013 | 2012 | ||||||||||||||||||||
Junior subordinated debentures related to trust preferred securities | $ | 168,043 | $ | 461,858 | ||||||||||||||||||
Convertible subordinated notes | 184,147 | 308,468 | ||||||||||||||||||||
Subordinated notes | 443,231 | 217,175 | ||||||||||||||||||||
Senior notes | 1,454,779 | 1,325,630 | ||||||||||||||||||||
FHLB advances | 22,736 | 23,300 | ||||||||||||||||||||
Capital lease obligations and other | 639 | 682 | ||||||||||||||||||||
$ | 2,273,575 | $ | 2,337,113 | |||||||||||||||||||
Schedule Of Trust Preferred Securities | ' | ' | ||||||||||||||||||||
(Amounts in thousands) | Balance | Coupon rate 1 | Maturity | |||||||||||||||||||
Amegy Statutory Trust I | $ | 51,547 | 3mL+2.85% (3.09%) | Dec-33 | ||||||||||||||||||
Amegy Statutory Trust II | 36,083 | 3mL+1.90% (2.14%) | Oct-34 | |||||||||||||||||||
Amegy Statutory Trust III | 61,856 | 3mL+1.78% (2.02%) | Dec-34 | |||||||||||||||||||
Stockmen’s Statutory Trust II | 7,732 | 3mL+3.15% (3.40%) | Mar-33 | |||||||||||||||||||
Stockmen’s Statutory Trust III | 7,732 | 3mL+2.89% (3.13%) | Mar-34 | |||||||||||||||||||
Intercontinental Statutory Trust I | 3,093 | 3mL+2.85% (3.09%) | Mar-34 | |||||||||||||||||||
$ | 168,043 | |||||||||||||||||||||
Schedule Of Subordinated Notes | ' | ' | ||||||||||||||||||||
(Amounts in thousands) | Convertible | Subordinated notes | ||||||||||||||||||||
subordinated notes | ||||||||||||||||||||||
Coupon rate | Balance | Par amount | Balance | Par amount | Maturity | |||||||||||||||||
5.65% | $ | 70,218 | $ | 75,704 | $ | 30,494 | $ | 30,173 | May-14 | |||||||||||||
6.00% | 60,107 | 79,292 | 33,697 | 32,366 | Sep-15 | |||||||||||||||||
5.50% | 53,822 | 71,595 | 54,149 | 52,078 | Nov-15 | |||||||||||||||||
5.65% | 162,000 | 162,000 | Nov-23 | |||||||||||||||||||
6.95% | 87,891 | 87,891 | Sep-28 | |||||||||||||||||||
3mL+1.25% (1.50%) | 1 | 75,000 | 75,000 | 2 | Sep-14 | |||||||||||||||||
$ | 184,147 | $ | 226,591 | $ | 443,231 | $ | 439,508 | |||||||||||||||
Schedule Of Convertible Debt Discount Amortized | ' | ' | ||||||||||||||||||||
(In thousands) | 2013 | 2012 | 2011 | |||||||||||||||||||
Balance at beginning of year | $ | 149,333 | $ | 224,206 | $ | 385,831 | ||||||||||||||||
Discount amortization on convertible subordinated debt | (48,378 | ) | (43,341 | ) | (46,021 | ) | ||||||||||||||||
Accelerated discount amortization on convertible subordinated debt | (368 | ) | (31,532 | ) | (115,604 | ) | ||||||||||||||||
Accelerated discount amortization resulting from tender offer for debt repurchases (subsequently discussed) | (58,143 | ) | — | — | ||||||||||||||||||
Total amortization | (106,889 | ) | (74,873 | ) | (161,625 | ) | ||||||||||||||||
Balance at end of year | $ | 42,444 | $ | 149,333 | $ | 224,206 | ||||||||||||||||
Schedule Of Senior Medium-Term Notes | ' | ' | ||||||||||||||||||||
(Amounts in thousands) | ||||||||||||||||||||||
Coupon rate | Balance | Par amount | Maturity | |||||||||||||||||||
7.75% | $ | 235,382 | $ | 240,769 | Sep-14 | |||||||||||||||||
4.00% | 196,103 | 198,448 | Jun-16 | |||||||||||||||||||
4.50% | 388,467 | 400,000 | Mar-17 | |||||||||||||||||||
4.50% | 299,199 | 300,000 | Jun-23 | |||||||||||||||||||
2.55% - 5.50% | 335,628 | 335,881 | Feb 2014 - Nov 2019 | |||||||||||||||||||
$ | 1,454,779 | |||||||||||||||||||||
Schedule Of Maturities On Long-Term Debt | ' | ' | ||||||||||||||||||||
(In thousands) | Consolidated | Parent only | ||||||||||||||||||||
Senior Notes: | Maturity | |||||||||||||||||||||
Coupon rate | Low | High | 2014 | $ | 460,825 | $ | 385,771 | |||||||||||||||
2.55% - 5.50% | Feb-14 | Nov-19 | ||||||||||||||||||||
2015 | 279,538 | 279,482 | ||||||||||||||||||||
2016 | 318,057 | 318,004 | ||||||||||||||||||||
2017 | 405,923 | 405,865 | ||||||||||||||||||||
2018 | 38,346 | 38,285 | ||||||||||||||||||||
Thereafter | 767,073 | 591,400 | ||||||||||||||||||||
$ | 2,269,762 | $ | 2,018,807 | |||||||||||||||||||
Shareholders_Equity_Tables
Shareholders' Equity (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract] | ' | ||||||||||||||||||||||||
Summary Of Preferred Stock | ' | ||||||||||||||||||||||||
Preferred stock is summarized as follows: | |||||||||||||||||||||||||
(Amounts in | Carrying value at | Shares at | Dividends payable | Earliest | Rate following earliest redemption date | Dividends payable after rate change | |||||||||||||||||||
thousands) | December 31, | 31-Dec-13 | redemption date | ||||||||||||||||||||||
2013 | 2012 | Authorized | Outstanding | Rate | |||||||||||||||||||||
(when applicable) | |||||||||||||||||||||||||
Series A | $ | 66,127 | $ | 60,220 | 140,000 | 66,000 | > of 4.0% or 3mL+0.52% | Qtrly Mar,Jun,Sep,Dec | 15-Dec-11 | ||||||||||||||||
Series C | — | 924,332 | |||||||||||||||||||||||
Series F | 143,750 | 143,750 | 250,000 | 143,750 | 7.90% | Qtrly Mar,Jun,Sep,Dec | 15-Jun-17 | ||||||||||||||||||
Series G | 171,827 | — | 200,000 | 171,827 | 6.30% | Qtrly Mar,Jun,Sep,Dec | 15-Mar-23 | annual float-ing rate =mL+4.24% | |||||||||||||||||
Series H | 126,221 | — | 126,221 | 126,221 | 5.75% | Qtrly Mar,Jun,Sep,Dec | 15-Jun-19 | ||||||||||||||||||
Series I | 300,893 | — | 300,893 | 300,893 | 5.80% | Semi-annually Jun,Dec | 15-Jun-23 | annual float-ing rate =mL+3.8% | Qtrly Mar,Jun,Sep,Dec | ||||||||||||||||
Series J | 195,152 | — | 195,152 | 195,152 | 7.20% | Semi-annually Mar,Sep | 15-Sep-23 | annual float-ing rate =mL+4.44% | Qtrly Mar,Jun,Sep,Dec | ||||||||||||||||
$ | 1,003,970 | $ | 1,128,302 | ||||||||||||||||||||||
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | ' | ||||||||||||||||||||||||
Statement of income (SI) Balance sheet | |||||||||||||||||||||||||
(In thousands) | Amounts reclassified from AOCI 1 | (BS) | |||||||||||||||||||||||
Details about AOCI components | 2013 | 2012 | 2011 | Affected line item | |||||||||||||||||||||
Net realized gains (losses) on investment securities | $ | (2,898 | ) | $ | 19,544 | $ | 11,868 | SI | Fixed income securities gains (losses), net | ||||||||||||||||
Income tax expense (benefit) | (1,123 | ) | 7,340 | 4,476 | |||||||||||||||||||||
(1,775 | ) | 12,204 | 7,392 | ||||||||||||||||||||||
Net unrealized losses on investment | (164,732 | ) | (103,720 | ) | (32,914 | ) | SI | Net impairment losses on investment securities | |||||||||||||||||
securities | |||||||||||||||||||||||||
Income tax benefit | (64,829 | ) | (40,156 | ) | (12,670 | ) | |||||||||||||||||||
(99,903 | ) | (63,564 | ) | (20,244 | ) | ||||||||||||||||||||
Accretion of securities with noncredit-related impairment losses not expected to be sold | (2,106 | ) | (11,351 | ) | (665 | ) | BS | Investment securities, held-to-maturity | |||||||||||||||||
Deferred income taxes | 848 | 4,488 | 255 | BS | Other assets | ||||||||||||||||||||
$ | (102,936 | ) | $ | (58,223 | ) | $ | (13,262 | ) | |||||||||||||||||
Net unrealized gains on derivative instruments | $ | 2,647 | $ | 13,062 | $ | 37,273 | SI | Interest and fees on loans | |||||||||||||||||
Income tax expense | 1,067 | 5,220 | 15,019 | ||||||||||||||||||||||
$ | 1,580 | $ | 7,842 | $ | 22,254 | ||||||||||||||||||||
Amortization of net actuarial loss | $ | (8,127 | ) | $ | (8,983 | ) | $ | (5,149 | ) | SI | Salaries and employee benefits | ||||||||||||||
Amortization of prior service credit | 27 | 120 | 120 | SI | Salaries and employee benefits | ||||||||||||||||||||
Income tax benefit | (3,194 | ) | (3,497 | ) | (1,979 | ) | |||||||||||||||||||
$ | (4,906 | ) | $ | (5,366 | ) | $ | (3,050 | ) | |||||||||||||||||
1 Negative reclassification amounts indicate decreases to earnings in the statement of income and increases to balance sheet assets. The opposite applies to positive reclassification amounts. | |||||||||||||||||||||||||
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] | ' | ||||||||||||||||||||||||
Changes in AOCI by component are as follows: | |||||||||||||||||||||||||
(In thousands) | Net unrealized gains (losses) on investment securities | Net unrealized gains (losses) on derivative instruments | Pension and post-retirement | Total | |||||||||||||||||||||
2013:00:00 | |||||||||||||||||||||||||
Balance at December 31, 2012 | $ | (397,616 | ) | $ | 1,794 | $ | (50,335 | ) | $ | (446,157 | ) | ||||||||||||||
Other comprehensive income (loss) before reclassifications, net of tax | 127,648 | (431 | ) | 20,577 | 147,794 | ||||||||||||||||||||
Amounts reclassified from AOCI, net of tax | 102,936 | (1,580 | ) | 4,906 | 106,262 | ||||||||||||||||||||
Other comprehensive income (loss) | 230,584 | (2,011 | ) | 25,483 | 254,056 | ||||||||||||||||||||
Balance at December 31, 2013 | $ | (167,032 | ) | $ | (217 | ) | $ | (24,852 | ) | $ | (192,101 | ) | |||||||||||||
Income tax expense (benefit) included in other comprehensive income (loss) | $ | 144,343 | $ | (861 | ) | $ | 16,625 | $ | 160,107 | ||||||||||||||||
2012:00:00 | |||||||||||||||||||||||||
Balance at December 31, 2011 | $ | (546,763 | ) | $ | 9,404 | $ | (54,725 | ) | $ | (592,084 | ) | ||||||||||||||
Other comprehensive income (loss) before reclassifications, net of tax | 90,924 | 232 | (976 | ) | 90,180 | ||||||||||||||||||||
Amounts reclassified from AOCI, net of tax | 58,223 | (7,842 | ) | 5,366 | 55,747 | ||||||||||||||||||||
Other comprehensive income (loss) | 149,147 | (7,610 | ) | 4,390 | 145,927 | ||||||||||||||||||||
Balance at December 31, 2012 | $ | (397,616 | ) | $ | 1,794 | $ | (50,335 | ) | $ | (446,157 | ) | ||||||||||||||
Income tax expense (benefit) included in other comprehensive income (loss) | $ | 93,213 | $ | (5,063 | ) | $ | 2,870 | $ | 91,020 | ||||||||||||||||
Shareholders' Equity | ' | ||||||||||||||||||||||||
14 | SHAREHOLDERS’ EQUITY | ||||||||||||||||||||||||
Preferred Stock | |||||||||||||||||||||||||
Preferred stock is without par value and has a liquidation preference of $1,000 per share, or $25 per depositary share. Except for Series I and J, all preferred shares were issued in the form of depositary shares, with each depositary share representing a 1/40th ownership interest in a share of the preferred stock. All preferred shares are registered with the SEC. | |||||||||||||||||||||||||
In general, preferred shareholders may receive asset distributions before common shareholders; however, preferred shareholders have only limited voting rights generally with respect to certain provisions of the preferred stock, the issuance of senior preferred stock, and the election of directors. Preferred stock dividends reduce earnings available to common shareholders and are paid on the 15th day of the months indicated in the following schedule. Dividends are approved by the Board of Directors and are subject to regulatory approval. Redemption of the preferred stock is at the Company’s option after the expiration of any applicable redemption restrictions. The redemption amount is computed at the per share liquidation preference plus any declared but unpaid dividends. Redemptions are subject to certain regulatory provisions. | |||||||||||||||||||||||||
Preferred stock is summarized as follows: | |||||||||||||||||||||||||
(Amounts in | Carrying value at | Shares at | Dividends payable | Earliest | Rate following earliest redemption date | Dividends payable after rate change | |||||||||||||||||||
thousands) | December 31, | 31-Dec-13 | redemption date | ||||||||||||||||||||||
2013 | 2012 | Authorized | Outstanding | Rate | |||||||||||||||||||||
(when applicable) | |||||||||||||||||||||||||
Series A | $ | 66,127 | $ | 60,220 | 140,000 | 66,000 | > of 4.0% or 3mL+0.52% | Qtrly Mar,Jun,Sep,Dec | 15-Dec-11 | ||||||||||||||||
Series C | — | 924,332 | |||||||||||||||||||||||
Series F | 143,750 | 143,750 | 250,000 | 143,750 | 7.90% | Qtrly Mar,Jun,Sep,Dec | 15-Jun-17 | ||||||||||||||||||
Series G | 171,827 | — | 200,000 | 171,827 | 6.30% | Qtrly Mar,Jun,Sep,Dec | 15-Mar-23 | annual float-ing rate =mL+4.24% | |||||||||||||||||
Series H | 126,221 | — | 126,221 | 126,221 | 5.75% | Qtrly Mar,Jun,Sep,Dec | 15-Jun-19 | ||||||||||||||||||
Series I | 300,893 | — | 300,893 | 300,893 | 5.80% | Semi-annually Jun,Dec | 15-Jun-23 | annual float-ing rate =mL+3.8% | Qtrly Mar,Jun,Sep,Dec | ||||||||||||||||
Series J | 195,152 | — | 195,152 | 195,152 | 7.20% | Semi-annually Mar,Sep | 15-Sep-23 | annual float-ing rate =mL+4.44% | Qtrly Mar,Jun,Sep,Dec | ||||||||||||||||
$ | 1,003,970 | $ | 1,128,302 | ||||||||||||||||||||||
Series C Preferred Stock Redemption | |||||||||||||||||||||||||
On September 15, 2013, we redeemed all of the outstanding $800 million par amount (799,467 shares) of our 9.5% Series C preferred stock at 100% of the $25 per depositary share redemption amount. As shown in the previous schedule, the summation of December 31, 2013 carrying values for Series G, H, I and J, plus the change in carrying value for Series A between December 31, 2013 and 2012 (reflecting the reopening of Series A preferred shares in 2013), equal the $800 million used to fund this redemption. The Federal Reserve did not object to the element of our Capital Plan to redeem the entire $800 million of our Series C preferred stock subject to issuing an equivalent amount of new preferred shares. | |||||||||||||||||||||||||
The redemption reduced preferred stock by the $926 million carrying value (at the time of redemption) of the Series C preferred stock. The difference from the par amount, or $126 million, related to the intrinsic value of the beneficial conversion feature (“BCF”) associated with the convertible subordinated debt. The BCF represented the difference on the original commitment date of the fair values of the convertible subordinated debt and the preferred stock into which the debt was convertible. The total BCF of $203 million was included in common stock when the subordinated debt was modified to convertible subordinated debt in June 2009. The Company has “no par” common stock and all additional paid-in capital transactions such as this are recorded in common stock. | |||||||||||||||||||||||||
Portions of the BCF have been transferred since July 2009 from common stock to preferred stock as holders of convertible subordinated debt exercised rights to convert to the Series C preferred stock. Prior to the redemption, these BCF transfers amounted to $0.2 million in 2013, $15.2 million in 2012, and $43.1 million in 2011. Amounts transferred became part of the carrying value of the preferred stock. The $126 million BCF transfer was recorded as a preferred stock redemption in the 2013 statement of income. At December 31, 2013, the remaining balance in common stock of the BCF was approximately $76.4 million. Although the legal right to convert continues to exist, if no further conversions occur or the convertible debt matures, the current amount of the BCF will remain in common stock. | |||||||||||||||||||||||||
Other Preferred Stock Redemptions | |||||||||||||||||||||||||
The Series D preferred stock was redeemed in two equal installments by September 26, 2012. The total of $1.4 billion had been issued by the U.S. Department of the Treasury under the Troubled Asset Relief Program (“TARP”) Capital Purchase Program (“CPP”). The associated warrants to purchase 5.8 million shares of common stock were auctioned by the U.S. Treasury in December 2012. The Company did not receive any proceeds from the warrant auction. The warrants have an exercise price of $36.27 per share and expire November 14, 2018. The TARP redemption accelerated the amortization to preferred stock dividends in 2012 of the entire remaining unamortized discount. Amortization amounted to $44.7 million in 2012 and $21.6 million in 2011. | |||||||||||||||||||||||||
The entire Series E preferred stock of $142.5 million was redeemed on its call date of June 15, 2012. Commissions and fees of $3.8 million previously recorded in common stock were charged to retained earnings. Proceeds from the Series F preferred stock were used to redeem the Series E preferred stock. | |||||||||||||||||||||||||
Common Stock | |||||||||||||||||||||||||
In 2011, we issued $25.5 million of new common stock under a common equity distribution agreement. The issuance consisted of approximately 1.1 million shares at an average price of $23.89 per share. Net of commissions and fees, this issuances added $25.0 million to common stock. | |||||||||||||||||||||||||
In addition to the TARP warrants previously discussed, we have issued a total of 29.3 million common stock warrants that can each be exercised for a share of common stock at an initial price of $36.63 through May 22, 2020. | |||||||||||||||||||||||||
Accumulated Other Comprehensive Income | |||||||||||||||||||||||||
Effective January 1, 2013, we adopted ASU 2013-02, Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income. This new guidance under ASU 220, Comprehensive Income, follows ASUs 2011-12 and 2011-05 and finalizes the reporting requirements for reclassifications out of AOCI. Companies must present reclassifications by component when reporting changes in AOCI. Items reclassified in their entirety out of AOCI to net income must have the effect of the reclassification disclosed according to the respective income statement line item. Items not reclassified in their entirety must be cross-referenced to other disclosures in the footnotes. The entire reclassification information must be disclosed in one location, either on the face of the financial statements by income statement line item, or in a footnote. We have elected to present the information in a footnote and include the comparison to the previous year. | |||||||||||||||||||||||||
Changes in AOCI by component are as follows: | |||||||||||||||||||||||||
(In thousands) | Net unrealized gains (losses) on investment securities | Net unrealized gains (losses) on derivative instruments | Pension and post-retirement | Total | |||||||||||||||||||||
2013:00:00 | |||||||||||||||||||||||||
Balance at December 31, 2012 | $ | (397,616 | ) | $ | 1,794 | $ | (50,335 | ) | $ | (446,157 | ) | ||||||||||||||
Other comprehensive income (loss) before reclassifications, net of tax | 127,648 | (431 | ) | 20,577 | 147,794 | ||||||||||||||||||||
Amounts reclassified from AOCI, net of tax | 102,936 | (1,580 | ) | 4,906 | 106,262 | ||||||||||||||||||||
Other comprehensive income (loss) | 230,584 | (2,011 | ) | 25,483 | 254,056 | ||||||||||||||||||||
Balance at December 31, 2013 | $ | (167,032 | ) | $ | (217 | ) | $ | (24,852 | ) | $ | (192,101 | ) | |||||||||||||
Income tax expense (benefit) included in other comprehensive income (loss) | $ | 144,343 | $ | (861 | ) | $ | 16,625 | $ | 160,107 | ||||||||||||||||
2012:00:00 | |||||||||||||||||||||||||
Balance at December 31, 2011 | $ | (546,763 | ) | $ | 9,404 | $ | (54,725 | ) | $ | (592,084 | ) | ||||||||||||||
Other comprehensive income (loss) before reclassifications, net of tax | 90,924 | 232 | (976 | ) | 90,180 | ||||||||||||||||||||
Amounts reclassified from AOCI, net of tax | 58,223 | (7,842 | ) | 5,366 | 55,747 | ||||||||||||||||||||
Other comprehensive income (loss) | 149,147 | (7,610 | ) | 4,390 | 145,927 | ||||||||||||||||||||
Balance at December 31, 2012 | $ | (397,616 | ) | $ | 1,794 | $ | (50,335 | ) | $ | (446,157 | ) | ||||||||||||||
Income tax expense (benefit) included in other comprehensive income (loss) | $ | 93,213 | $ | (5,063 | ) | $ | 2,870 | $ | 91,020 | ||||||||||||||||
Statement of income (SI) Balance sheet | |||||||||||||||||||||||||
(In thousands) | Amounts reclassified from AOCI 1 | (BS) | |||||||||||||||||||||||
Details about AOCI components | 2013 | 2012 | 2011 | Affected line item | |||||||||||||||||||||
Net realized gains (losses) on investment securities | $ | (2,898 | ) | $ | 19,544 | $ | 11,868 | SI | Fixed income securities gains (losses), net | ||||||||||||||||
Income tax expense (benefit) | (1,123 | ) | 7,340 | 4,476 | |||||||||||||||||||||
(1,775 | ) | 12,204 | 7,392 | ||||||||||||||||||||||
Net unrealized losses on investment | (164,732 | ) | (103,720 | ) | (32,914 | ) | SI | Net impairment losses on investment securities | |||||||||||||||||
securities | |||||||||||||||||||||||||
Income tax benefit | (64,829 | ) | (40,156 | ) | (12,670 | ) | |||||||||||||||||||
(99,903 | ) | (63,564 | ) | (20,244 | ) | ||||||||||||||||||||
Accretion of securities with noncredit-related impairment losses not expected to be sold | (2,106 | ) | (11,351 | ) | (665 | ) | BS | Investment securities, held-to-maturity | |||||||||||||||||
Deferred income taxes | 848 | 4,488 | 255 | BS | Other assets | ||||||||||||||||||||
$ | (102,936 | ) | $ | (58,223 | ) | $ | (13,262 | ) | |||||||||||||||||
Net unrealized gains on derivative instruments | $ | 2,647 | $ | 13,062 | $ | 37,273 | SI | Interest and fees on loans | |||||||||||||||||
Income tax expense | 1,067 | 5,220 | 15,019 | ||||||||||||||||||||||
$ | 1,580 | $ | 7,842 | $ | 22,254 | ||||||||||||||||||||
Amortization of net actuarial loss | $ | (8,127 | ) | $ | (8,983 | ) | $ | (5,149 | ) | SI | Salaries and employee benefits | ||||||||||||||
Amortization of prior service credit | 27 | 120 | 120 | SI | Salaries and employee benefits | ||||||||||||||||||||
Income tax benefit | (3,194 | ) | (3,497 | ) | (1,979 | ) | |||||||||||||||||||
$ | (4,906 | ) | $ | (5,366 | ) | $ | (3,050 | ) | |||||||||||||||||
1 Negative reclassification amounts indicate decreases to earnings in the statement of income and increases to balance sheet assets. The opposite applies to positive reclassification amounts. | |||||||||||||||||||||||||
Deferred Compensation | |||||||||||||||||||||||||
Deferred compensation consists of invested assets, including the Company’s common stock, which are held in rabbi trusts for certain employees and directors. At both December 31, 2013 and 2012, the cost of the common stock included in retained earnings was approximately $15.0 million. We consolidate the fair value of invested assets of the trusts along with the total obligations and include them in other assets and other liabilities, respectively, in the balance sheet. At December 31, 2013 and 2012, total invested assets were approximately $83.7 million and $72.2 million and total obligations were approximately $98.7 million and $87.2 million, respectively. | |||||||||||||||||||||||||
Noncontrolling Interests | |||||||||||||||||||||||||
On June 3, 2013, we removed the entire noncontrolling interest amount of approximately $4.8 million at that time from the Company’s balance sheet following settlement with the remaining owner. |
Income_Taxes_Tables
Income Taxes (Tables) | 0 Months Ended | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | Dec. 31, 2013 | |||||||||||||||||
Income Taxes [Abstract] | ' | ' | ||||||||||||||||
Schedule Of Income Taxes (Benefit) | ' | ' | ||||||||||||||||
(In thousands) | 2013 | 2012 | 2011 | |||||||||||||||
Federal: | ||||||||||||||||||
Current | $ | 173,418 | $ | 185,404 | $ | 62,810 | ||||||||||||
Deferred | (51,475 | ) | (20,086 | ) | 106,902 | |||||||||||||
121,943 | 165,318 | 169,712 | ||||||||||||||||
State: | ||||||||||||||||||
Current | 29,676 | (1,775 | ) | 20,169 | ||||||||||||||
Deferred | (8,642 | ) | 29,873 | 8,702 | ||||||||||||||
21,034 | 28,098 | 28,871 | ||||||||||||||||
$ | 142,977 | $ | 193,416 | $ | 198,583 | |||||||||||||
Schedule Of Statutory Federal Income Tax Rate Reconciles To Actual Income Tax Expense (Benefit) | ' | ' | ||||||||||||||||
(In thousands) | 2013 | 2012 | 2011 | |||||||||||||||
2013 | 2012 | |||||||||||||||||
Income tax expense at statutory federal rate | $ | 142,251 | $ | 189,548 | $ | 182,446 | ||||||||||||
Liability for unrecognized tax benefits contained the amount that, if recognized, would afftet the effective tax rate | 1.6 | 1.6 | ||||||||||||||||
State income taxes, net | 13,672 | 18,264 | 18,766 | |||||||||||||||
Other nondeductible expenses | 2,574 | 11,291 | 24,361 | |||||||||||||||
Nontaxable income | (17,071 | ) | (20,137 | ) | (19,691 | ) | ||||||||||||
Tax credits and other taxes | (2,628 | ) | (3,172 | ) | (5,977 | ) | ||||||||||||
Other | 4,179 | (2,378 | ) | (1,322 | ) | |||||||||||||
$ | 142,977 | $ | 193,416 | $ | 198,583 | |||||||||||||
Schedule Of Tax Effects Of Deferred Tax Assets And Deferred Tax Liabilities | ' | ' | ||||||||||||||||
(In thousands) | December 31, | |||||||||||||||||
2013 | 2012 | |||||||||||||||||
Gross deferred tax assets: | ||||||||||||||||||
Book loan loss deduction in excess of tax | $ | 315,025 | $ | 372,206 | ||||||||||||||
Pension and postretirement | 16,380 | 33,105 | ||||||||||||||||
Deferred compensation | 85,846 | 79,921 | ||||||||||||||||
Other real estate owned | 7,099 | 16,306 | ||||||||||||||||
Security investments and derivative fair value adjustments | 155,900 | 247,770 | ||||||||||||||||
Net operating losses, capital losses and tax credits | 6,111 | 36,600 | ||||||||||||||||
FDIC-supported transactions | 10,488 | — | ||||||||||||||||
Other | 44,450 | 42,324 | ||||||||||||||||
641,299 | 828,232 | |||||||||||||||||
Valuation allowance | (4,261 | ) | (4,261 | ) | ||||||||||||||
Total deferred tax assets | 637,038 | 823,971 | ||||||||||||||||
Gross deferred tax liabilities: | ||||||||||||||||||
Core deposits and purchase accounting | (13,556 | ) | (24,185 | ) | ||||||||||||||
Premises and equipment, due to differences in depreciation | (13,014 | ) | (16,258 | ) | ||||||||||||||
FHLB stock dividends | (12,668 | ) | (13,423 | ) | ||||||||||||||
Leasing operations | (94,637 | ) | (111,265 | ) | ||||||||||||||
Prepaid expenses | (8,909 | ) | (7,057 | ) | ||||||||||||||
Prepaid pension reserves | (16,909 | ) | (18,350 | ) | ||||||||||||||
Subordinated debt modification | (148,820 | ) | (185,733 | ) | ||||||||||||||
Deferred loan fees | (21,591 | ) | (21,209 | ) | ||||||||||||||
FDIC-supported transactions | — | (17,957 | ) | |||||||||||||||
Other | (2,553 | ) | (2,929 | ) | ||||||||||||||
Total deferred tax liabilities | (332,657 | ) | (418,366 | ) | ||||||||||||||
Net deferred tax assets | $ | 304,381 | $ | 405,605 | ||||||||||||||
Schedule Of Reconciliation Of Gross Unrecognized Tax Benefits | ' | ' | ||||||||||||||||
(In thousands) | 2013 | 2012 | 2011 | |||||||||||||||
Balance at beginning of year | $ | 2,385 | $ | 13,722 | $ | 15,366 | ||||||||||||
Tax positions related to current year: | ||||||||||||||||||
Additions | — | — | — | |||||||||||||||
Reductions | — | — | — | |||||||||||||||
Tax positions related to prior years: | ||||||||||||||||||
Additions | — | — | — | |||||||||||||||
Reductions | — | (11,337 | ) | — | ||||||||||||||
Settlements with taxing authorities | — | — | — | |||||||||||||||
Lapses in statutes of limitations | — | — | (1,644 | ) | ||||||||||||||
Balance at end of year | $ | 2,385 | $ | 2,385 | $ | 13,722 | ||||||||||||
ShareBased_Compensation_Tables
Share-Based Compensation (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Share-based Compensation [Abstract] | ' | ||||||||||||
Compensation Expense And Related Tax Benefit For All Share-Based Awards | ' | ||||||||||||
(In thousands) | 2013 | 2012 | 2011 | ||||||||||
Compensation expense | $ | 28,052 | $ | 31,533 | $ | 29,019 | |||||||
Reduction of income tax expense | 9,123 | 10,724 | 9,768 | ||||||||||
Summary Of Stock Option Activity | ' | ||||||||||||
Number of shares | Weighted average exercise price | ||||||||||||
Balance at December 31, 2010 | 6,369,239 | $ | 47.37 | ||||||||||
Granted | 800,057 | 23.46 | |||||||||||
Exercised | (46,749 | ) | 13.6 | ||||||||||
Expired | (1,080,867 | ) | 57.27 | ||||||||||
Forfeited | (107,810 | ) | 22.74 | ||||||||||
Balance at December 31, 2011 | 5,933,870 | 43.06 | |||||||||||
Granted | 867,968 | 18.87 | |||||||||||
Exercised | (129,616 | ) | 14.64 | ||||||||||
Expired | (568,546 | ) | 61.9 | ||||||||||
Forfeited | (141,351 | ) | 21.36 | ||||||||||
Balance at December 31, 2012 | 5,962,325 | 38.87 | |||||||||||
Granted | 1,047,781 | 27.41 | |||||||||||
Exercised | (488,479 | ) | 20.11 | ||||||||||
Expired | (574,157 | ) | 70.12 | ||||||||||
Forfeited | (72,880 | ) | 22.25 | ||||||||||
Balance at December 31, 2013 | 5,874,590 | 35.54 | |||||||||||
Outstanding stock options exercisable as of: | |||||||||||||
December 31, 2013 | 4,101,928 | $ | 40.4 | ||||||||||
December 31, 2012 | 4,379,630 | 45.26 | |||||||||||
December 31, 2011 | 4,211,216 | 51.26 | |||||||||||
Commitments_Guarantees_Conting1
Commitments, Guarantees, Contingent Liabilities, and Related Parties Operating Leases, Future Aggregate Minimum Rental Payments (Tables) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Operating Leased Assets [Line Items] | ' |
Operating Leases, Future Minimum Payments Due | $337,510 |
Operating Leases, Future Minimum Payments Due, Next Twelve Months | 44,857 |
Operating Leases, Future Minimum Payments, Due in Two Years | 44,815 |
Operating Leases, Future Minimum Payments, Due in Three Years | 42,712 |
Operating Leases, Future Minimum Payments, Due in Four Years | 37,071 |
Operating Leases, Future Minimum Payments, Due in Five Years | 32,186 |
Operating Leases, Future Minimum Payments, Due Thereafter | $135,869 |
Regulatory_Matters_Tables
Regulatory Matters (Tables) | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | ||||||||||||||
Regulatory Capital Requirements [Abstract] | ' | |||||||||||||
Summary Of Actual Capital Amounts And Ratios For The Company And Its Three Largest Subsidiary Banks | ' | |||||||||||||
Actual | To be well capitalized | |||||||||||||
(Amounts in thousands) | Amount | Ratio | Amount | Ratio | ||||||||||
As of December 31, 2013: | ||||||||||||||
Total capital (to risk-weighted assets) | ||||||||||||||
The Company | $ | 6,621,539 | 14.67 | % | $ | 4,514,553 | 10 | % | ||||||
Zions First National Bank | 1,997,525 | 14.52 | 1,375,347 | 10 | ||||||||||
California Bank & Trust | 1,252,860 | 13.65 | 917,950 | 10 | ||||||||||
Amegy Bank N.A. | 1,714,314 | 14.86 | 1,153,382 | 10 | ||||||||||
Tier 1 capital (to risk-weighted assets) | ||||||||||||||
The Company | 5,763,463 | 12.77 | 2,708,732 | 6 | ||||||||||
Zions First National Bank | 1,831,720 | 13.32 | 825,208 | 6 | ||||||||||
California Bank & Trust | 1,137,848 | 12.4 | 550,770 | 6 | ||||||||||
Amegy Bank N.A. | 1,569,696 | 13.61 | 692,029 | 6 | ||||||||||
Tier 1 capital (to average assets) | ||||||||||||||
The Company | 5,763,463 | 10.48 | na | na 1 | ||||||||||
Zions First National Bank | 1,831,720 | 10.02 | 913,592 | 5 | ||||||||||
California Bank & Trust | 1,137,848 | 10.75 | 529,067 | 5 | ||||||||||
Amegy Bank N.A. | 1,569,696 | 12.09 | 649,387 | 5 | ||||||||||
As of December 31, 2012: | ||||||||||||||
Total capital (to risk-weighted assets) | ||||||||||||||
The Company | $ | 6,616,521 | 15.05 | % | $ | 4,396,983 | 10 | % | ||||||
Zions First National Bank | 2,034,662 | 14.17 | 1,435,690 | 10 | ||||||||||
California Bank & Trust | 1,222,822 | 14.18 | 862,218 | 10 | ||||||||||
Amegy Bank N.A. | 1,598,708 | 15.17 | 1,054,110 | 10 | ||||||||||
Tier 1 capital (to risk-weighted assets) | ||||||||||||||
The Company | 5,883,669 | 13.38 | 2,638,190 | 6 | ||||||||||
Zions First National Bank | 1,861,218 | 12.96 | 861,414 | 6 | ||||||||||
California Bank & Trust | 1,114,315 | 12.92 | 517,331 | 6 | ||||||||||
Amegy Bank N.A. | 1,466,001 | 13.91 | 632,466 | 6 | ||||||||||
Tier 1 capital (to average assets) | ||||||||||||||
The Company | 5,883,669 | 10.96 | na | na 1 | ||||||||||
Zions First National Bank | 1,861,218 | 10.58 | 879,719 | 5 | ||||||||||
California Bank & Trust | 1,114,315 | 10.37 | 537,534 | 5 | ||||||||||
Amegy Bank N.A. | 1,466,001 | 12.03 | 609,319 | 5 | ||||||||||
Retirement_Plans_Tables
Retirement Plans (Tables) | 3 Months Ended | 12 Months Ended | ||||||||||||||||||||
Mar. 31, 2013 | Dec. 31, 2013 | |||||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||||||||||||||||||||
Schedule of Defined Benefit Plans Disclosures [Table Text Block] | ' | ' | ||||||||||||||||||||
Level 3 - significant input assumptions: | 2013 | 2012 | ||||||||||||||||||||
Composite market value factor: | 2013 | 2012 | ||||||||||||||||||||
Minimum in range | 0.988035 | 1.02972 | ||||||||||||||||||||
Maximum in range | 1.073235 | 1.119776 | Profit sharing expense | $ | 11,804 | $ | 11,783 | |||||||||||||||
Actual at year end | 1.05329 | 1.08063 | ||||||||||||||||||||
Schedule Of Amounts In Accumulated Other Comprehensive Income (Loss) Expected To Be Recognized As An Expense Component Of Net Periodic Benefit Cost For The Plans | ' | ' | ||||||||||||||||||||
(In thousands) | Pension | Supplemental Retirement | Postretirement | |||||||||||||||||||
Net gain (loss) | $ | (3,187 | ) | $ | (33 | ) | $ | 71 | ||||||||||||||
Prior service credit (cost) | — | (50 | ) | — | ||||||||||||||||||
$ | (3,187 | ) | $ | (83 | ) | $ | 71 | |||||||||||||||
Schedule Of Weighted Average Assumptions Based On The Pension Plan | ' | ' | ||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||
Used to determine benefit obligation at year-end: | ||||||||||||||||||||||
Discount rate | 4.6 | % | 3.75 | % | 4.25 | % | ||||||||||||||||
Rate of compensation increase 1 | na | 3.5 | 3.5 | |||||||||||||||||||
Used to determine net periodic benefit cost for the years ended December 31: | ||||||||||||||||||||||
Discount rate | 3.75 | 4.25 | 5.2 | |||||||||||||||||||
Expected long-term return on plan assets | 8 | 8 | 8 | |||||||||||||||||||
Rate of compensation increase | 3.5 | 3.5 | 3.5 | |||||||||||||||||||
Retirement_Plans_Weighted_aver
Retirement Plans Weighted average assumptions on pension plan (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Weighted average assumptions on pension plan [Abstract] | ' | ||||||||
Schedule Of Weighted Average Assumptions Based On The Pension Plan | ' | ||||||||
2013 | 2012 | 2011 | |||||||
Used to determine benefit obligation at year-end: | |||||||||
Discount rate | 4.6 | % | 3.75 | % | 4.25 | % | |||
Rate of compensation increase 1 | na | 3.5 | 3.5 | ||||||
Used to determine net periodic benefit cost for the years ended December 31: | |||||||||
Discount rate | 3.75 | 4.25 | 5.2 | ||||||
Expected long-term return on plan assets | 8 | 8 | 8 | ||||||
Rate of compensation increase | 3.5 | 3.5 | 3.5 | ||||||
Fair_Value_Tables
Fair Value (Tables) | 12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Quantitative Information Relating to the Principal Valuation Techniques and Significant Unobservable Inputs for Level 3 [Table Text Block] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Level 3 Instruments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Quantitative information at December 31, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
(Dollar amounts in thousands) | Fair value | Principal valuation techniques | Significant unobservable inputs | Range of inputs | ||||||||||||||||||||||||||||||||||||||||||||||||||
(% annually) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Asset-backed securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trust preferred – predominantly banks | $ | 921,819 | Discounted cash flow | Constant prepayment rate | until 2016 – 5.50% to 20.73% | |||||||||||||||||||||||||||||||||||||||||||||||||
Market comparables | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
2016 to maturity – 3.0% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Constant default rate | yr 1 – 0.30% to 1.94% | |||||||||||||||||||||||||||||||||||||||||||||||||||||
yrs 2-5 – 0.49% to 1.14% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
yrs 6 to maturity – 0.58% to 0.65% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss given default | 100% | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss given deferral | 14.39% to 100% | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Discount rate | 5.6% to 7.7% | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(spread over forward LIBOR) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trust preferred – predominantly insurance | 346,390 | Discounted cash flow | Constant prepayment rate | until maturity – 5.0% | ||||||||||||||||||||||||||||||||||||||||||||||||||
Market comparables | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Constant default rate | yr 1 – 0.38% to 1.03% | |||||||||||||||||||||||||||||||||||||||||||||||||||||
yrs 2-5 – 0.53% to 0.89% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
yrs 6 to maturity – 0.50% to 0.55% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss given default | 100% | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss given deferral | 2.18% to 30.13% | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Discount rate | 3.72% to 6.49% | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(spread over forward LIBOR) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trust preferred – individual banks | 22,324 | Market comparables | Yield | 6.6% to 7.8% | ||||||||||||||||||||||||||||||||||||||||||||||||||
Price | 81.25% to 109.6% | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Trust preferred – real estate investment trust | 22,996 | Discounted cash flow | Constant prepayment rate | until maturity – 0.0% | ||||||||||||||||||||||||||||||||||||||||||||||||||
Market comparables | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Constant default rate | yr 1 – 4.1% to 10.6% | |||||||||||||||||||||||||||||||||||||||||||||||||||||
yrs 2-3 – 4.6% to 5.5% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
yrs 4-6 – 1.0% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
yrs 7 to maturity – 0.50% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss given default | 60% to 100% | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Discount rate | 5.5% to 15% | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(spread over forward LIBOR) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other (predominantly ABS CDOs) | 25,800 | Discounted cash flow | Constant default rate | 0.01% to 100% | ||||||||||||||||||||||||||||||||||||||||||||||||||
Loss given default | 70% to 92% | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Discount rate | 9% to 22% | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(spread over forward LIBOR) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Level 3 Instruments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Quantitative information at December 31, 2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
(Dollar amounts in thousands) | Fair value | Principal valuation techniques | Significant unobservable inputs | Range of inputs | ||||||||||||||||||||||||||||||||||||||||||||||||||
(% annually) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Asset-backed securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trust preferred – predominantly banks | $ | 798,458 | Discounted cash flow | Constant prepayment rate | until 2016 – 10.0% to 21.24% | |||||||||||||||||||||||||||||||||||||||||||||||||
Market comparables | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
2016 to maturity – 3.0% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Constant default rate | yr 1 – 0.30% to 1.97% | |||||||||||||||||||||||||||||||||||||||||||||||||||||
yrs 2-5 – 0.47% to 0.67% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
yrs 6 to maturity – 0.58% to 0.68% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss given default | 100% | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss given deferral | 9.69% to 100% | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Discount rate | 7.7% to 13.4% | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(spread over forward LIBOR) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trust preferred – predominantly insurance | 256,104 | Discounted cash flow | Constant prepayment rate | until maturity – 4.5% | ||||||||||||||||||||||||||||||||||||||||||||||||||
Market comparables | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Constant default rate | yr 1 – 0.30% to 0.32% | |||||||||||||||||||||||||||||||||||||||||||||||||||||
yrs 2-5 – 0.47% to 0.50% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
yrs 6 to maturity – 0.50% to 0.54% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss given default | 100% | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss given deferral | 2.18% | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Discount rate | 3.75% to 16.21% | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(spread over forward LIBOR) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trust preferred – individual banks | 20,910 | Market comparables | Yield | 9.4% to 9.7% | ||||||||||||||||||||||||||||||||||||||||||||||||||
Price | 73.1% to 108.0% | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Trust preferred – real estate investment trust | 16,403 | Discounted cash flow | Constant prepayment rate | until maturity – 0.0% | ||||||||||||||||||||||||||||||||||||||||||||||||||
Market comparables | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Constant default rate | yr 1 – 5.1% to 8.6% | |||||||||||||||||||||||||||||||||||||||||||||||||||||
yrs 2-3 – 4.2% to 7.1% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
yrs 4-6 – 1.0% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
yrs 7 to maturity – 0.50% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss given default | 60% to 100% | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Discount rate | 6.5% to 23% | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(spread over forward LIBOR) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other (predominantly ABS CDOs) | 15,160 | Discounted cash flow | Constant default rate | 0.01% to 100% | ||||||||||||||||||||||||||||||||||||||||||||||||||
Loss given default | 70% to 92% | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Discount rate | 9% to 22% | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(spread over forward LIBOR) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Transfers between fair value levels [Table Text Block] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Transfers of assets and liabilities occurring among Levels 1, 2 or 3 | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value | Principal valuation techniques | Significant unobservable inputs | Range of inputs | |||||||||||||||||||||||||||||||||||||||||||||||||||
(% annually) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Minimum | Maximum | Single Rate | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Trust preferred - predominantly banks | 921,819 | Discounted Cash flow | Constant prepayment rate | Until 2016 | 5.5 | % | 20.73 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Market comparables | 2016 to maturity | 3 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||
Constant default rate | Year 1 | 0.3 | % | 1.94 | % | |||||||||||||||||||||||||||||||||||||||||||||||||
Years 2-5 | 0.49 | % | 1.14 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
Years 6 to maturity | 0.58 | % | 0.65 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
Loss given default | 100 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss given deferral | 14.39 | % | 100 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
Discount rate (spread over forward LIBOR) | 5.6 | % | 7.7 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
Trust preferred - predominantly Insurance | 346,390 | Discounted cash flow | Constant prepayment rate | Until maturity | 5 | % | ||||||||||||||||||||||||||||||||||||||||||||||||
Market comparables | Constant default rate | Year 1 | 0.38 | % | 1.03 | % | ||||||||||||||||||||||||||||||||||||||||||||||||
Years 2-5 | 0.53 | % | 0.89 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
Years 6 to maturity | 0.5 | % | 0.55 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
Loss given default | 100 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss given deferral | 2.18 | % | 30.13 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
Discount rate (spread over forward LIBOR) | 3.72 | % | 6.49 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
Trust preferred - individual banks | 22,323 | Market comparables | Yield | 6.6 | % | 7.8 | % | |||||||||||||||||||||||||||||||||||||||||||||||
Price | 81.25 | % | 109.6 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
Trust Preferred - real estate investment trust | 22,996 | Discounted cash flow | Constant prepayment rate | Until maturity | — | % | ||||||||||||||||||||||||||||||||||||||||||||||||
Market comparables | Constant default rate | Year 1 | 4.1 | % | 10.6 | % | ||||||||||||||||||||||||||||||||||||||||||||||||
Years 2-3 | 4.6 | % | 5.5 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
Years 4-6 | 1 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Years 7 to maturity | 0.5 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss given default | 60 | % | 100 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
Discount rate (spread over forward LIBOR) | 5.5 | % | 15 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
Other (predominantly ABS CODs) | 25,800 | Discounted cash flow | Constant prepayment rate | Weighted average life of security | ||||||||||||||||||||||||||||||||||||||||||||||||||
Constant default rate | 0.01 | % | 100 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
Loss given default | 70 | % | 92 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
Discount rate (spread over forward LIBOR) | 9 | % | 22 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
31-Dec-12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value | Principal valuation techniques | Significant unobservable inputs | Range of inputs | |||||||||||||||||||||||||||||||||||||||||||||||||||
(% annually) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Minimum | Maximum | Single Rate | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Trust preferred - predominantly banks | 798,458 | Discounted Cash flow | Constant prepayment rate | Until 2016 | 10 | % | 21.24 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Market comparables | 2016 to maturity | 3 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||
Constant default rate | Year 1 | 0.3 | % | 1.97 | % | |||||||||||||||||||||||||||||||||||||||||||||||||
Years 2-5 | 0.47 | % | 0.67 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
Years 6 to maturity | 0.58 | % | 0.68 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
Loss given default | 100 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss given deferral | 9.69 | % | 100 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
Discount rate (spread over forward LIBOR) | 7.7 | % | 13.4 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
Trust preferred - predominantly Insurance | 256,104 | Discounted cash flow | Constant prepayment rate | Until maturity | 4.5 | % | ||||||||||||||||||||||||||||||||||||||||||||||||
Market comparables | Constant default rate | Year 1 | 0.3 | % | 0.32 | % | ||||||||||||||||||||||||||||||||||||||||||||||||
Years 2-5 | 0.47 | % | 0.5 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
Years 6 to maturity | 0.5 | % | 0.54 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
Loss given default | 100 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss given deferral | 2.2 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Discount rate (spread over forward LIBOR) | 3.75 | % | 16.21 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
Trust preferred - individual banks | 20,910 | Market comparables | Yield | 9.4 | % | 9.7 | % | |||||||||||||||||||||||||||||||||||||||||||||||
Price | 73.1 | % | 108 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
Trust Preferred - real estate investment trust | 16,403 | Discounted cash flow | Constant prepayment rate | Until maturity | — | % | ||||||||||||||||||||||||||||||||||||||||||||||||
Market comparables | Constant default rate | Year 1 | 5.1 | % | 8.6 | % | ||||||||||||||||||||||||||||||||||||||||||||||||
Years 2-3 | 4.2 | % | 7.1 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
Years 4-6 | 1 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Years 7 to maturity | 0.5 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss given default | 60 | % | 100 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
Discount rate (spread over forward LIBOR) | 6.5 | % | 23 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
Other (predominantly ABS CODs) | 25,800 | Discounted cash flow | Constant prepayment rate | Weighted average life of security | ||||||||||||||||||||||||||||||||||||||||||||||||||
Constant default rate | 0.01 | % | 100 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
Loss given default | 70 | % | 92 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
Discount rate (spread over forward LIBOR) | 9 | % | 22 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule Of Assets And Liabilities Measured At Fair Value By Class On A Recurring Basis | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
(In thousands) | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||||||||||||||||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
U.S. Treasury, agencies and corporations | $ | 2,059,105 | $ | 2,059,105 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Municipal securities | 55,602 | $ | 10,662 | 66,264 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Asset-backed securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trust preferred – banks and insurance | 1,238,820 | 1,238,820 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Trust preferred – real estate investment trusts | 22,996 | 22,996 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Auction rate | 6,599 | 6,599 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other (including ABS CDOs) | 2,099 | 25,800 | 27,899 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Mutual funds and other | $ | 259,750 | 20,453 | 280,203 | ||||||||||||||||||||||||||||||||||||||||||||||||||
259,750 | 2,137,259 | 1,304,877 | 3,701,886 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Trading account | 34,559 | 34,559 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other noninterest-bearing investments: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bank-owned life insurance | 466,428 | 466,428 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Private equity | 4,822 | 82,410 | 87,232 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Other assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate related and other | 1,100 | 1,100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate swaps for customers | 55,447 | 55,447 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Foreign currency exchange contracts | 9,614 | 9,614 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
9,614 | 56,547 | 66,161 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
$ | 269,364 | $ | 2,699,615 | $ | 1,387,287 | $ | 4,356,266 | |||||||||||||||||||||||||||||||||||||||||||||||
LIABILITIES | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities sold, not yet purchased | $ | 73,606 | $ | 73,606 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Other liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate related and other | $ | 1,004 | 1,004 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate swaps for customers | 54,688 | 54,688 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Foreign currency exchange contracts | 8,643 | 8,643 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total return swap | $ | 4,062 | 4,062 | |||||||||||||||||||||||||||||||||||||||||||||||||||
8,643 | 55,692 | 4,062 | 68,397 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Other | 241 | 241 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
$ | 82,249 | $ | 55,692 | $ | 4,303 | $ | 142,244 | |||||||||||||||||||||||||||||||||||||||||||||||
December 31, 2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
(In thousands) | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||||||||||||||||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
U.S. Treasury, agencies and corporations | $ | 102,982 | $ | 1,692,637 | $ | 1,795,619 | ||||||||||||||||||||||||||||||||||||||||||||||||
Municipal securities | 59,445 | $ | 16,551 | 75,996 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Asset-backed securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trust preferred – banks and insurance | 121 | 949,271 | 949,392 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Trust preferred – real estate investment trusts | 16,403 | 16,403 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Auction rate | 6,515 | 6,515 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other (including ABS CDOs) | 4,214 | 15,160 | 19,374 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Mutual funds and other | 219,214 | 8,797 | 228,011 | |||||||||||||||||||||||||||||||||||||||||||||||||||
322,196 | 1,765,214 | 1,003,900 | 3,091,310 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Trading account | 28,290 | 28,290 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other noninterest-bearing investments: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bank-owned life insurance | 455,719 | 455,719 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Private equity | 5,132 | 64,223 | 69,355 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Other assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate related and other | 2,850 | 2,850 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate swaps for customers | 79,579 | 79,579 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Foreign currency exchange contracts | 4,404 | 4,404 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
4,404 | 82,429 | 86,833 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
$ | 326,600 | $ | 2,336,784 | $ | 1,068,123 | $ | 3,731,507 | |||||||||||||||||||||||||||||||||||||||||||||||
LIABILITIES | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities sold, not yet purchased | $ | 26,735 | $ | 26,735 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Other liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate related and other | $ | 1,142 | 1,142 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate swaps for customers | 82,926 | 82,926 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Foreign currency exchange contracts | 3,159 | 3,159 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total return swap | $ | 5,127 | 5,127 | |||||||||||||||||||||||||||||||||||||||||||||||||||
3,159 | 84,068 | 5,127 | 92,354 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Other | 124 | 124 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
$ | 29,894 | $ | 84,068 | $ | 5,251 | $ | 119,213 | |||||||||||||||||||||||||||||||||||||||||||||||
Schedule Of Assets And Liabilities Measured At Fair Value By Class On A Recurring Basis Using Level 3 Inputs | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Level 3 Instruments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended December 31, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
(In thousands) | Municipal | Trust | Trust | Auction | Other | Private | Derivatives | Other | ||||||||||||||||||||||||||||||||||||||||||||||
securities | preferred – banks and insurance | preferred | rate | asset-backed | equity | liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||
– REIT | investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at December 31, 2012 | $ | 16,551 | $ | 949,271 | $ | 16,403 | $ | 6,515 | $ | 15,160 | $ | 64,223 | $ | (5,127 | ) | $ | (124 | ) | ||||||||||||||||||||||||||||||||||||
Total net gains (losses) included in: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Statement of income: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accretion of purchase discount on securities available-for-sale | 41 | 3,166 | 254 | 3 | 82 | |||||||||||||||||||||||||||||||||||||||||||||||||
Dividends and other investment income | 6,662 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value and nonhedge derivative loss | (21,753 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity securities gains, net | 3,732 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Fixed income securities gains (losses), net | 239 | (3,160 | ) | (201 | ) | 55 | ||||||||||||||||||||||||||||||||||||||||||||||||
Net impairment losses on investment securities | (136,221 | ) | (17,430 | ) | (11,080 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||
Other noninterest expense | (117 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other comprehensive | 1,540 | 377,357 | 24,081 | 81 | 6,950 | |||||||||||||||||||||||||||||||||||||||||||||||||
income (loss) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Purchases | 10,548 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Sales | (66,303 | ) | (111 | ) | (1 | ) | (2,244 | ) | ||||||||||||||||||||||||||||||||||||||||||||||
Redemptions and paydowns | (7,709 | ) | (60,989 | ) | (5,780 | ) | (511 | ) | 22,818 | |||||||||||||||||||||||||||||||||||||||||||||
Reclassifications | 175,699 | 20,414 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at December 31, 2013 | $ | 10,662 | $ | 1,238,820 | $ | 22,996 | $ | 6,599 | $ | 25,800 | $ | 82,410 | $ | (4,062 | ) | $ | (241 | ) | ||||||||||||||||||||||||||||||||||||
Level 3 Instruments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended December 31, 2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
(In thousands) | Municipal | Trust | Trust | Auction | Other | Private | Derivatives | Other | ||||||||||||||||||||||||||||||||||||||||||||||
securities | preferred – banks and insurance | preferred | rate | asset-backed | equity | liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||
– REIT | investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at December 31, 2011 | $ | 17,381 | $ | 929,356 | $ | 18,645 | $ | 70,020 | $ | 43,546 | $ | 62,327 | $ | (5,422 | ) | $ | (86 | ) | ||||||||||||||||||||||||||||||||||||
Total net gains (losses) included in: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Statement of income: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accretion of purchase discount on securities available-for-sale | 102 | 7,126 | 224 | 4 | 232 | |||||||||||||||||||||||||||||||||||||||||||||||||
Dividends and other investment income | 10,399 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value and nonhedge derivative loss | (21,707 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity securities gains, net | 11,478 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Fixed income securities gains (losses), net | 9 | 20,906 | 4,161 | (5,762 | ) | |||||||||||||||||||||||||||||||||||||||||||||||||
Net impairment losses on investment securities | (96,707 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other noninterest expense | (38 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other comprehensive | (291 | ) | 218,001 | (2,466 | ) | 1,330 | 8,343 | |||||||||||||||||||||||||||||||||||||||||||||||
income (loss) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Purchases | 9,043 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Sales | (15,872 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Redemptions and paydowns | (650 | ) | (129,411 | ) | (69,000 | ) | (31,199 | ) | (13,152 | ) | 22,002 | |||||||||||||||||||||||||||||||||||||||||||
Balance at December 31, 2012 | $ | 16,551 | $ | 949,271 | $ | 16,403 | $ | 6,515 | $ | 15,160 | $ | 64,223 | $ | (5,127 | ) | $ | (124 | ) | ||||||||||||||||||||||||||||||||||||
Schedule Of Realized Gains (Losses) Using Level 3 Inputs | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||
(In thousands) | Year Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||
December 31, | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Dividends and other investment income | $ | (133 | ) | $ | 1,635 | |||||||||||||||||||||||||||||||||||||||||||||||||
Equity securities gains (losses), net | (2,452 | ) | 10,359 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Fixed income securities gains (losses), net | (3,067 | ) | 19,314 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule Of Assets With Fair Value Changes On Nonrecurring Basis | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||
(In thousands) | Fair value at December 31, 2013 | Gains (losses) from | (In thousands) | Fair value at December 31, 2012 | Gains (losses) from | |||||||||||||||||||||||||||||||||||||||||||||||||
fair value changes | Level 1 | Level 2 | Level 3 | Total | fair value changes Year Ended December 31, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended | ASSETS | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | 31-Dec-13 | HTM securities adjusted for OTTI | $ | — | $ | — | $ | 23,524 | $ | 23,524 | $ | (7,423 | ) | ||||||||||||||||||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
HTM securities adjusted for OTTI | $ | — | $ | — | $ | 8,483 | $ | 8,483 | $ | (403 | ) | Private equity investments, carried at cost | — | — | 13,520 | 13,520 | (2,176 | ) | ||||||||||||||||||||||||||||||||||||
Private equity investments, carried at cost | — | — | 13,270 | 13,270 | (5,700 | ) | Impaired loans | — | 44,448 | — | 44,448 | (4,300 | ) | |||||||||||||||||||||||||||||||||||||||||
Impaired loans | — | 11,765 | — | 11,765 | (1,575 | ) | Other real estate owned | — | 58,954 | — | 58,954 | (20,641 | ) | |||||||||||||||||||||||||||||||||||||||||
Other real estate owned | — | 24,684 | — | 24,684 | (13,158 | ) | $ | — | $ | 103,402 | $ | 37,044 | $ | 140,446 | $ | (34,540 | ) | |||||||||||||||||||||||||||||||||||||
$ | — | $ | 36,449 | $ | 21,753 | $ | 58,202 | $ | (20,836 | ) | ||||||||||||||||||||||||||||||||||||||||||||
Schedule Of Carrying Values And Estimated Fair Values Of Financial Instruments | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(Amounts in thousands) | Carrying | Estimated | Level | Carrying | Estimated | Level | ||||||||||||||||||||||||||||||||||||||||||||||||
value | fair value | value | fair value | |||||||||||||||||||||||||||||||||||||||||||||||||||
Financial assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
HTM investment securities | $ | 588,981 | $ | 609,547 | 3 | $ | 756,909 | $ | 674,741 | 3 | ||||||||||||||||||||||||||||||||||||||||||||
Loans and leases (including loans held for sale), net of allowance | 38,468,402 | 38,088,242 | 3 | 37,020,811 | 37,024,198 | 3 | ||||||||||||||||||||||||||||||||||||||||||||||||
Financial liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Time deposits | 2,593,038 | 2,602,955 | 2 | 2,962,931 | 2,988,714 | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||
Foreign deposits | 1,980,161 | 1,979,805 | 2 | 1,804,060 | 1,803,625 | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||
Other short-term borrowings | — | — | 2 | 5,409 | 5,421 | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||
Long-term debt (less fair value hedges) | 2,269,762 | 2,423,643 | 2 | 2,329,323 | 2,636,422 | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||
Operating_Segment_Information_
Operating Segment Information Operating Segment Information (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||||||||||
Operating Segment Information [Abstract] | ' | ||||||||||||||||||||||||||||||||||||
Schedule of Segment Reporting Information, by Segment | ' | ||||||||||||||||||||||||||||||||||||
(In millions) | Zions Bank | CB&T | Amegy | ||||||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | 2013 | 2012 | 2011 | 2013 | 2012 | 2011 | |||||||||||||||||||||||||||||
CONDENSED INCOME STATEMENT | |||||||||||||||||||||||||||||||||||||
Net interest income | $ | 595 | $ | 657.1 | $ | 683.3 | $ | 469 | $ | 466.7 | $ | 506.9 | $ | 381.5 | $ | 371.5 | $ | 391.2 | |||||||||||||||||||
Provision for loan losses | (40.5 | ) | 88.3 | 128.3 | (16.7 | ) | (7.9 | ) | (9.5 | ) | 4.2 | (63.9 | ) | (37.4 | ) | ||||||||||||||||||||||
Net interest income after provision for loan losses | 635.5 | 568.8 | 555 | 485.7 | 474.6 | 516.4 | 377.3 | 435.4 | 428.6 | ||||||||||||||||||||||||||||
Net impairment losses on investment securities | (7.7 | ) | (3.2 | ) | (0.3 | ) | — | — | (0.5 | ) | — | — | — | ||||||||||||||||||||||||
Loss on sale of investment securities to Parent | — | — | — | — | (9.2 | ) | (43.9 | ) | — | — | — | ||||||||||||||||||||||||||
Other noninterest income | 199.9 | 221.4 | 219.2 | 79.3 | 75.3 | 105.4 | 146.4 | 156.1 | 138.4 | ||||||||||||||||||||||||||||
Noninterest expense | 481.4 | 493.1 | 547.4 | 352.4 | 330.2 | 355 | 333.4 | 340.2 | 324.9 | ||||||||||||||||||||||||||||
Income (loss) before income taxes | 346.3 | 293.9 | 226.5 | 212.6 | 210.5 | 222.4 | 190.3 | 251.3 | 242.1 | ||||||||||||||||||||||||||||
Income tax expense (benefit) | 121.7 | 104.6 | 76 | 72.5 | 83.4 | 88 | 59.8 | 84.6 | 80.5 | ||||||||||||||||||||||||||||
Net income (loss) | $ | 224.6 | $ | 189.3 | $ | 150.5 | $ | 140.1 | $ | 127.1 | $ | 134.4 | $ | 130.5 | $ | 166.7 | $ | 161.6 | |||||||||||||||||||
YEAR-END BALANCE SHEET DATA | |||||||||||||||||||||||||||||||||||||
Total assets | $ | 18,590 | $ | 17,930 | $ | 17,531 | $ | 10,923 | $ | 11,069 | $ | 10,894 | $ | 13,705 | $ | 13,119 | $ | 12,282 | |||||||||||||||||||
Cash and due from banks | 363 | 650 | 416 | 157 | 205 | 175 | 437 | 754 | 406 | ||||||||||||||||||||||||||||
Money market investments | 3,888 | 2,855 | 2,198 | 1,108 | 1,449 | 1,090 | 2,551 | 2,308 | 2,222 | ||||||||||||||||||||||||||||
Total securities | 1,520 | 1,273 | 1,460 | 331 | 350 | 335 | 362 | 439 | 475 | ||||||||||||||||||||||||||||
Total loans | 12,259 | 12,490 | 12,751 | 8,574 | 8,259 | 8,392 | 9,217 | 8,450 | 8,031 | ||||||||||||||||||||||||||||
Total deposits | 16,257 | 15,575 | 14,905 | 9,327 | 9,483 | 9,192 | 11,198 | 10,706 | 9,731 | ||||||||||||||||||||||||||||
Shareholder’s equity: | |||||||||||||||||||||||||||||||||||||
Preferred equity | 280 | 280 | 480 | 162 | 162 | 262 | 226 | 251 | 488 | ||||||||||||||||||||||||||||
Common equity | 1,523 | 1,519 | 1,379 | 1,342 | 1,322 | 1,270 | 1,845 | 1,725 | 1,630 | ||||||||||||||||||||||||||||
Noncontrolling interests | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Total shareholder’s equity | 1,803 | 1,799 | 1,859 | 1,504 | 1,484 | 1,532 | 2,071 | 1,976 | 2,118 | ||||||||||||||||||||||||||||
(In millions) | NSB | Vectra | |||||||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | 2013 | 2012 | 2011 | 2013 | 2012 | 2011 | |||||||||||||||||||||||||||||
CONDENSED INCOME STATEMENT | |||||||||||||||||||||||||||||||||||||
Net interest income | $ | 163 | $ | 167.7 | $ | 172.1 | $ | 113.6 | — | $ | 123.4 | $ | 135 | $ | 102.7 | $ | 108.7 | $ | 104.3 | ||||||||||||||||||
Provision for loan losses | (15.0 | ) | (0.6 | ) | 9.6 | (12.0 | ) | — | (9.6 | ) | (38.3 | ) | (4.9 | ) | 7 | 14 | |||||||||||||||||||||
Net interest income after provision for loan losses | 178 | 168.3 | 162.5 | 125.6 | 133 | 173.3 | 107.6 | 101.7 | 90.3 | ||||||||||||||||||||||||||||
Net impairment losses on investment securities | — | — | — | (3.3 | ) | — | — | — | (0.1 | ) | (0.6 | ) | (0.8 | ) | |||||||||||||||||||||||
Loss on sale of investment securities to Parent | — | — | — | — | — | — | — | — | — | (28.9 | ) | ||||||||||||||||||||||||||
Other noninterest income | 35 | 32.1 | 34.4 | 37.8 | — | 33.7 | 37.4 | 24.6 | 25.3 | 21.7 | |||||||||||||||||||||||||||
Noninterest expense | 142.7 | 152.5 | 154.7 | 131.8 | 133.6 | 139.3 | 99.5 | 98.3 | 100.7 | ||||||||||||||||||||||||||||
Income (loss) before income taxes | 70.3 | 47.9 | 42.2 | 28.3 | 33.1 | 71.4 | 32.6 | 28.1 | (18.4 | ) | |||||||||||||||||||||||||||
Income tax expense (benefit) | 26.4 | 17 | 16.7 | 9.5 | 11.3 | 24.8 | 11.2 | 9.2 | (8.3 | ) | |||||||||||||||||||||||||||
Net income (loss) | $ | 43.9 | $ | 30.9 | $ | 25.5 | $ | 18.8 | $ | 21.8 | $ | 46.6 | $ | 21.4 | $ | 18.9 | $ | (10.1 | ) | ||||||||||||||||||
YEAR-END BALANCE SHEET DATA | |||||||||||||||||||||||||||||||||||||
Total assets | $ | 4,579 | $ | 4,575 | $ | 4,485 | $ | 3,980 | $ | 4,061 | $ | 4,100 | $ | 2,571 | $ | 2,511 | $ | 2,341 | |||||||||||||||||||
Cash and due from banks | 77 | 86 | 71 | 79 | 59 | 73 | 51 | 58 | 55 | ||||||||||||||||||||||||||||
Money market investments | 220 | 385 | 604 | 710 | 1,031 | 905 | 6 | 31 | 52 | ||||||||||||||||||||||||||||
Total securities | 362 | 263 | 271 | 774 | 742 | 748 | 166 | 187 | 227 | ||||||||||||||||||||||||||||
Total loans | 3,724 | 3,604 | 3,304 | 2,297 | 2,100 | 2,235 | 2,278 | 2,128 | 1,914 | ||||||||||||||||||||||||||||
Total deposits | 3,931 | 3,874 | 3,731 | 3,590 | 3,604 | 3,546 | 2,178 | 2,164 | 2,004 | ||||||||||||||||||||||||||||
Shareholder’s equity: | |||||||||||||||||||||||||||||||||||||
Preferred equity | 120 | 180 | 305 | 50 | 140 | 260 | 70 | 70 | 70 | ||||||||||||||||||||||||||||
Common equity | 418 | 399 | 350 | 317 | 298 | 273 | 246 | 224 | 200 | ||||||||||||||||||||||||||||
Noncontrolling interests | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Total shareholder’s equity | 538 | 579 | 655 | 367 | 438 | 533 | 316 | 294 | 270 | ||||||||||||||||||||||||||||
(In millions) | TCBW | Other | Consolidated Company | ||||||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | 2013 | 2012 | 2011 | 2013 | 2012 | 2011 | |||||||||||||||||||||||||||||
CONDENSED INCOME STATEMENT | |||||||||||||||||||||||||||||||||||||
Net interest income | $ | 27.3 | $ | 27.4 | $ | 29.6 | — | $ | (155.8 | ) | $ | (190.6 | ) | $ | (266.2 | ) | $ | 1,696.30 | $ | 1,731.90 | $ | 1,756.20 | |||||||||||||||
Provision for loan losses | (1.8 | ) | 0.4 | 7.8 | — | (0.4 | ) | 0.5 | — | (87.1 | ) | 14.2 | 74.5 | ||||||||||||||||||||||||
Net interest income after provision for | 29.1 | 27 | 21.8 | (155.4 | ) | (191.1 | ) | (266.2 | ) | 1,783.40 | 1,717.70 | 1,681.70 | |||||||||||||||||||||||||
loan losses | |||||||||||||||||||||||||||||||||||||
Net impairment losses on investment securities | — | — | — | — | (154.0 | ) | (100.3 | ) | (32.1 | ) | (165.1 | ) | (104.1 | ) | (33.7 | ) | |||||||||||||||||||||
Loss on sale of investment securities to Parent | (2.7 | ) | — | (4.8 | ) | — | 2.7 | 9.2 | 77.6 | — | — | — | |||||||||||||||||||||||||
Other noninterest income | 4.1 | 3.8 | 3.5 | — | (24.6 | ) | (23.7 | ) | (28.1 | ) | 502.5 | 524 | 531.9 | ||||||||||||||||||||||||
Noninterest expense | 18.8 | 18.9 | 16.7 | — | 154.4 | 29.2 | 19.9 | 1,714.40 | 1,596.00 | 1,658.60 | |||||||||||||||||||||||||||
Income (loss) before income taxes | 11.7 | 11.9 | 3.8 | — | (485.7 | ) | (335.1 | ) | (268.7 | ) | 406.4 | 541.6 | 521.3 | ||||||||||||||||||||||||
Income tax expense (benefit) | 4 | 4 | 1.1 | — | (162.2 | ) | (120.7 | ) | (80.2 | ) | 142.9 | 193.4 | 198.6 | ||||||||||||||||||||||||
Net income (loss) | $ | 7.7 | $ | 7.9 | $ | 2.7 | — | $ | (323.5 | ) | $ | (214.4 | ) | $ | (188.5 | ) | $ | 263.5 | $ | 348.2 | $ | 322.7 | |||||||||||||||
YEAR-END BALANCE SHEET DATA | |||||||||||||||||||||||||||||||||||||
Total assets | $ | 943 | $ | 961 | $ | 874 | — | $ | 740 | $ | 1,286 | $ | 642 | $ | 56,031 | $ | 55,512 | $ | 53,149 | ||||||||||||||||||
Cash and due from banks | 28 | 22 | 28 | (17 | ) | 8 | — | 1,175 | 1,842 | 1,224 | |||||||||||||||||||||||||||
Money market investments | 181 | 251 | 143 | (207 | ) | 444 | (91 | ) | 8,457 | 8,754 | 7,123 | ||||||||||||||||||||||||||
Total securities | 91 | 104 | 126 | 719 | 519 | 437 | 4,325 | 3,877 | 4,079 | ||||||||||||||||||||||||||||
Total loans | 630 | 571 | 562 | — | 64 | 63 | 69 | 39,043 | 37,665 | 37,258 | |||||||||||||||||||||||||||
Total deposits | 793 | 791 | 693 | — | (912 | ) | (64 | ) | (926 | ) | 46,362 | 46,133 | 42,876 | ||||||||||||||||||||||||
Shareholder’s equity: | |||||||||||||||||||||||||||||||||||||
Preferred equity | 3 | 3 | 15 | — | 93 | 42 | 497 | 1,004 | 1,128 | 2,377 | |||||||||||||||||||||||||||
Common equity | 87 | 82 | 75 | — | (317 | ) | (645 | ) | (569 | ) | 5,461 | 4,924 | 4,608 | ||||||||||||||||||||||||
Noncontrolling interests | — | — | — | — | — | (3 | ) | (2 | ) | — | (3 | ) | (2 | ) | |||||||||||||||||||||||
Total shareholder’s equity | 90 | 85 | 90 | — | (224 | ) | (606 | ) | (74 | ) | 6,465 | 6,049 | 6,983 | ||||||||||||||||||||||||
Parent_Company_Financial_Infor1
Parent Company Financial Information (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | ' | ||||||||||||
Condensed Balance Sheets | ' | ||||||||||||
December 31, | |||||||||||||
(In thousands) | 2013 | 2012 | |||||||||||
ASSETS | |||||||||||||
Cash and due from banks | $ | 902,697 | $ | 2,001 | |||||||||
Interest-bearing deposits | 72 | 75,808 | |||||||||||
Security resell agreements | — | 575,000 | |||||||||||
Investment securities: | |||||||||||||
Held-to-maturity, at adjusted cost (approximate fair value $31,422 and $22,112) | 17,359 | 22,679 | |||||||||||
Available-for-sale, at fair value | 675,895 | 461,665 | |||||||||||
Loans, net of allowance for loan losses of $0 and $23 | — | 1,277 | |||||||||||
Other noninterest-bearing investments | 37,154 | 50,799 | |||||||||||
Investments in subsidiaries: | |||||||||||||
Commercial banks and bank holding company | 6,700,315 | 6,668,881 | |||||||||||
Other operating companies | 31,535 | 36,516 | |||||||||||
Nonoperating – ZMFU II, Inc.1 | 44,511 | 43,012 | |||||||||||
Other assets | 278,392 | 311,093 | |||||||||||
$ | 8,687,930 | $ | 8,248,731 | ||||||||||
LIABILITIES AND SHAREHOLDERS’ EQUITY | |||||||||||||
Other liabilities | $ | 200,729 | $ | 106,159 | |||||||||
Short-term borrowings: | |||||||||||||
Due to others | — | 4,951 | |||||||||||
Subordinated debt to affiliated trusts | 15,464 | 309,278 | |||||||||||
Long-term debt: | |||||||||||||
Due to affiliates | 17 | — | |||||||||||
Due to others | 2,007,157 | 1,776,274 | |||||||||||
Total liabilities | 2,223,367 | 2,196,662 | |||||||||||
Shareholders’ equity: | |||||||||||||
Preferred stock | 1,003,970 | 1,128,302 | |||||||||||
Common stock | 4,179,024 | 4,166,109 | |||||||||||
Retained earnings | 1,473,670 | 1,203,815 | |||||||||||
Accumulated other comprehensive loss | (192,101 | ) | (446,157 | ) | |||||||||
Total shareholders’ equity | 6,464,563 | 6,052,069 | |||||||||||
$ | 8,687,930 | $ | 8,248,731 | ||||||||||
Condensed Statements Of Income | ' | ||||||||||||
Year Ended December 31, | |||||||||||||
(In thousands) | 2013 | 2012 | 2011 | ||||||||||
Interest income: | |||||||||||||
Commercial bank subsidiaries | $ | 757 | $ | 836 | $ | 2,519 | |||||||
Other subsidiaries and affiliates | 105 | 386 | 63 | ||||||||||
Loans and securities | 17,764 | 18,993 | 13,640 | ||||||||||
Total interest income | 18,626 | 20,215 | 16,222 | ||||||||||
Interest expense: | |||||||||||||
Affiliated trusts | 8,483 | 24,053 | 24,027 | ||||||||||
Other borrowed funds | 171,304 | 195,195 | 274,843 | ||||||||||
Total interest expense | 179,787 | 219,248 | 298,870 | ||||||||||
Net interest loss | (161,161 | ) | (199,033 | ) | (282,648 | ) | |||||||
Provision for loan losses | (23 | ) | (10 | ) | (38 | ) | |||||||
Net interest loss after provision for loan losses | (161,138 | ) | (199,023 | ) | (282,610 | ) | |||||||
Other income: | |||||||||||||
Dividends from consolidated subsidiaries: | |||||||||||||
Commercial banks and bank holding company | 421,406 | 246,606 | 71,350 | ||||||||||
Other operating companies | 200 | 5,440 | 14,151 | ||||||||||
Nonoperating – ZMFU II, Inc. | — | 50,000 | — | ||||||||||
Equity and fixed income securities gains (losses), net | (7,332 | ) | 86 | 426 | |||||||||
Net impairment losses on investment securities | (95,637 | ) | (74,153 | ) | (26,810 | ) | |||||||
Other income (loss) | (8,397 | ) | (6,562 | ) | 4,203 | ||||||||
310,240 | 221,417 | 63,320 | |||||||||||
Expenses: | |||||||||||||
Salaries and employee benefits | 26,014 | 20,507 | 19,033 | ||||||||||
Debt extinguishment cost | 120,192 | — | — | ||||||||||
Other operating expenses | 1,436 | 395 | 4,176 | ||||||||||
147,642 | 20,902 | 23,209 | |||||||||||
Income (loss) before income taxes and undistributed | 1,460 | 1,492 | (242,499 | ) | |||||||||
income/loss of consolidated subsidiaries | |||||||||||||
Income tax benefit | (133,798 | ) | (108,541 | ) | (104,395 | ) | |||||||
Income (loss) before equity in undistributed income/loss of consolidated subsidiaries | 135,258 | 110,033 | (138,104 | ) | |||||||||
Equity in undistributed income (loss) of consolidated subsidiaries: | |||||||||||||
Commercial banks and bank holding company | 132,906 | 304,559 | 488,806 | ||||||||||
Other operating companies | (4,887 | ) | (15,561 | ) | (27,687 | ) | |||||||
Nonoperating – ZMFU II, Inc. | 514 | (49,515 | ) | 789 | |||||||||
Net income | 263,791 | 349,516 | 323,804 | ||||||||||
Preferred stock dividends | (95,512 | ) | (170,885 | ) | (170,414 | ) | |||||||
Preferred stock redemption | 125,700 | — | — | ||||||||||
Net earnings loss applicable to common shareholders | $ | 293,979 | $ | 178,631 | $ | 153,390 | |||||||
Condensed Statements Of Cash Flows | ' | ||||||||||||
Year Ended December 31, | |||||||||||||
(In thousands) | 2013 | 2012 | 2011 | ||||||||||
CASH FLOWS FROM OPERATING ACTIVITIES | |||||||||||||
Net income | $ | 263,791 | $ | 349,516 | $ | 323,804 | |||||||
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||||||||||||
Undistributed net income of consolidated subsidiaries | (128,533 | ) | (239,483 | ) | (461,908 | ) | |||||||
Net impairment losses on investment securities | 95,637 | 74,153 | 26,810 | ||||||||||
Debt Extinguishment cost | 120,192 | — | — | ||||||||||
Other, net | 69,098 | 4,376 | 27,505 | ||||||||||
Net cash provided by (used in) operating activities | 420,185 | 188,562 | (83,789 | ) | |||||||||
CASH FLOWS FROM INVESTING ACTIVITIES | |||||||||||||
Net decrease (increase) in money market investments | 650,736 | 305,668 | (408,811 | ) | |||||||||
Collection of advances to subsidiaries | 10,000 | 23,190 | 6,425 | ||||||||||
Advances to subsidiaries | (10,000 | ) | (23,000 | ) | (6,250 | ) | |||||||
Proceeds from sales and maturities of investment securities | 27,916 | 5,433 | 1,259,262 | ||||||||||
Purchases of investment securities | (4,858 | ) | (3,980 | ) | (575,887 | ) | |||||||
Decrease of investment in subsidiaries | 175,000 | 764,290 | 113,834 | ||||||||||
Other, net | 10,642 | 3,814 | 9,642 | ||||||||||
Net cash provided by investing activities | 859,436 | 1,075,415 | 398,215 | ||||||||||
CASH FLOWS FROM FINANCING ACTIVITIES | |||||||||||||
Net change in short-term funds borrowed | (3,368 | ) | (110,995 | ) | (165,500 | ) | |||||||
Proceeds from issuance of long-term debt | 646,408 | 757,610 | 101,821 | ||||||||||
Repayments of long-term debt | (835,031 | ) | (372,312 | ) | (117,975 | ) | |||||||
Debt extinguishment cost paid | (45,812 | ) | — | — | |||||||||
Proceeds from issuance of preferred stock | 784,318 | 141,342 | — | ||||||||||
Proceeds from issuance of common stock | 9,825 | 1,898 | 25,686 | ||||||||||
Cash paid for preferred stock redemptions | (799,468 | ) | (1,542,500 | ) | — | ||||||||
Dividends paid on preferred stock | (95,512 | ) | (126,189 | ) | (148,774 | ) | |||||||
Dividends paid on common stock | (24,148 | ) | (7,392 | ) | (7,361 | ) | |||||||
Other, net | (16,137 | ) | (3,449 | ) | (4,160 | ) | |||||||
Net cash used in financing activities | (378,925 | ) | (1,261,987 | ) | (316,263 | ) | |||||||
Net increase (decrease) in cash and due from banks | 900,696 | 1,990 | (1,837 | ) | |||||||||
Cash and due from banks at beginning of year | 2,001 | 11 | 1,848 | ||||||||||
Cash and due from banks at end of year | $ | 902,697 | $ | 2,001 | $ | 11 | |||||||
Summary_Of_Significant_Account2
Summary Of Significant Accounting Policies (Details) (USD $) | 0 Months Ended | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2011 | |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ' | ' | ' | ' |
Number of States in which Entity Operates | 10 | ' | 10 | ' |
Increase in other service charges, commissions and fees from reclassification of credit card interchange fees | ' | ' | ' | $16,300,000 |
Percentage of ownership in equity investments (greater than) | 20.00% | ' | 20.00% | ' |
Security resell agreements maturity days | 30 | ' | ' | ' |
Security resell agreements maximum amount, outstanding | 2,300,000,000 | ' | 2,300,000,000 | ' |
Percentage of acquired assets and all assumed liabilities recognized in business combination | ' | 100.00% | ' | ' |
Estimated useful lives of core deposit assets and other intangibles (in years) | '12 years | ' | ' | ' |
Unconsolidated subsidiaries accounted for under the cost, fair value, or equity method when ownerhsip is less than | 20.00% | ' | 20.00% | ' |
Decrease in interest and fees on loans from reclassification of credit card interchange fees | ' | ' | ' | 16,300,000 |
Number of variable interest entities consolidated | 0 | ' | 0 | ' |
Security resell agreements average amount | ' | ' | $675,000,000 | ' |
Minimum [Member] | ' | ' | ' | ' |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ' | ' | ' | ' |
Estimated useful lives of properties, Minimum (in years) | '25 years | ' | ' | ' |
Minimum [Member] | Furniture And Equipment [Member] | ' | ' | ' | ' |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ' | ' | ' | ' |
Estimated useful lives of properties, Minimum (in years) | '3 years | ' | ' | ' |
Minimum [Member] | Software License Arrangement [Member] | ' | ' | ' | ' |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ' | ' | ' | ' |
Estimated useful lives of properties, Minimum (in years) | '3 years | ' | ' | ' |
Minimum [Member] | New Lending and Deposit System Software [Member] | ' | ' | ' | ' |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ' | ' | ' | ' |
Estimated useful lives of properties, Minimum (in years) | '10 years | ' | ' | ' |
Maximum [Member] | ' | ' | ' | ' |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ' | ' | ' | ' |
Estimated useful lives of properties, Minimum (in years) | '40 years | ' | ' | ' |
Maximum [Member] | Furniture And Equipment [Member] | ' | ' | ' | ' |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ' | ' | ' | ' |
Estimated useful lives of properties, Minimum (in years) | '10 years | ' | ' | ' |
Maximum [Member] | Software License Arrangement [Member] | ' | ' | ' | ' |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ' | ' | ' | ' |
Estimated useful lives of properties, Minimum (in years) | '5 years | ' | ' | ' |
Merger_And_Acquisition_Activit1
Merger And Acquisition Activity (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Business Acquisition [Line Items] | ' | ' | ' |
Recognized gain on sale of stock | $8,520 | $11,253 | $6,511 |
Dba BankServ [Member] | ' | ' | ' |
Business Acquisition [Line Items] | ' | ' | ' |
Recognized gain on sale of stock | ' | ' | $5,500 |
Supplemental_Cash_Flow_Informa2
Supplemental Cash Flow Information (Schedule Of Noncash Activities) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Supplemental Cash Flow Information [Abstract] | ' | ' | ' |
Real Estate Owned, Transfer to Real Estate Owned | $60,749 | $172,018 | $301,454 |
Transfer of Portfolio Loans and Leases to Held-for-sale | 36,301 | 0 | 31,936 |
Transfer of beneficial conversion feature from common stock to preferred stock | 206 | 15,232 | 43,139 |
Subordinated debt converted to preferred stock | 1,210 | 89,564 | 256,109 |
PreferredStockTransferredToCommonStockAsAAresultOfPreferredStockRedeumption | 580 | 0 | 0 |
PreferredStockTransferredToRetainedEarningsAsAResultOfPreferredStockRedemption | 125,700 | 0 | 0 |
Amortized Cost of Securities Reclassified from HTM to AFS | $181,915 | $0 | $0 |
Cash_and_Money_Market_Investme1
Cash and Money Market Investments Cash and Money Market Investments (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Gain (Loss) on Investments [Line Items] | ' | ' |
Derivative Liability, Fair Value, Gross Liability | $68,400 | ' |
Assets [Member] | Federal Funds Sold and Securities Borrowed or Purchased under Agreements to Resell [Member] | ' | ' |
Gain (Loss) on Investments [Line Items] | ' | ' |
Gross amounts recognized | 282,248 | 3,675,354 |
Gross amounts offset in the balance sheet | 0 | -900,000 |
Net amounts presented in the balance sheet | 282,248 | 2,775,354 |
Gross amounts not offset in the balance sheet | 0 | 0 |
Net amount | 282,248 | 2,775,354 |
Assets [Member] | Assets, Total [Member] | ' | ' |
Gain (Loss) on Investments [Line Items] | ' | ' |
Gross amounts recognized | 347,931 | 3,761,568 |
Gross amounts offset in the balance sheet | 0 | -900,000 |
Net amounts presented in the balance sheet | 347,931 | 2,861,568 |
Gross amounts not offset in the balance sheet | 2,210 | 0 |
Net amount | 338,491 | 2,861,159 |
Assets [Member] | Derivative Assets Included In Other Assets [Member] | ' | ' |
Gain (Loss) on Investments [Line Items] | ' | ' |
Gross amounts recognized | 65,683 | 86,214 |
Gross amounts offset in the balance sheet | 0 | 0 |
Net amounts presented in the balance sheet | 65,683 | 86,214 |
Gross amounts not offset in the balance sheet | 2,210 | 0 |
Net amount | 56,243 | 85,805 |
Other Liabilities [Member] | ' | ' |
Gain (Loss) on Investments [Line Items] | ' | ' |
Derivative Liability, Fair Value, Gross Liability | 68,397 | 92,259 |
Other Liabilities [Member] | Federal Funds Purchased and Securities Sold under Agreements to Repurchase [Member] | ' | ' |
Gain (Loss) on Investments [Line Items] | ' | ' |
Gross amounts recognized | 266,742 | 1,220,478 |
Gross amounts offset in the balance sheet | 0 | -900,000 |
Net amounts presented in the balance sheet | 266,742 | 320,478 |
Gross amounts not offset in the balance sheet | 0 | 0 |
Net amount | 266,742 | 320,478 |
Other Liabilities [Member] | Liabilities, Total [Member] | ' | ' |
Gain (Loss) on Investments [Line Items] | ' | ' |
Gross amounts recognized | 335,139 | 1,312,737 |
Gross amounts offset in the balance sheet | 0 | -900,000 |
Net amounts presented in the balance sheet | 335,139 | 412,737 |
Gross amounts not offset in the balance sheet | -26,997 | -81,683 |
Net amount | 296,492 | 330,645 |
Other Liabilities [Member] | Derivative Liabilities Included Other liabilities [Member] | ' | ' |
Gain (Loss) on Investments [Line Items] | ' | ' |
Gross amounts offset in the balance sheet | 0 | 0 |
Net amounts presented in the balance sheet | 68,397 | 92,259 |
Gross amounts not offset in the balance sheet | -26,997 | -81,683 |
Net amount | 29,750 | 10,167 |
Derivative Liability, Fair Value, Gross Liability | 68,397 | 92,259 |
Financial Instruments [Domain] | Assets [Member] | Federal Funds Sold and Securities Borrowed or Purchased under Agreements to Resell [Member] | ' | ' |
Gain (Loss) on Investments [Line Items] | ' | ' |
Gross amounts not offset in the balance sheet | 0 | 0 |
Financial Instruments [Domain] | Assets [Member] | Assets, Total [Member] | ' | ' |
Gain (Loss) on Investments [Line Items] | ' | ' |
Gross amounts not offset in the balance sheet | -11,650 | -409 |
Financial Instruments [Domain] | Assets [Member] | Derivative Assets Included In Other Assets [Member] | ' | ' |
Gain (Loss) on Investments [Line Items] | ' | ' |
Gross amounts not offset in the balance sheet | -11,650 | -409 |
Financial Instruments [Domain] | Other Liabilities [Member] | Federal Funds Purchased and Securities Sold under Agreements to Repurchase [Member] | ' | ' |
Gain (Loss) on Investments [Line Items] | ' | ' |
Gross amounts not offset in the balance sheet | 0 | 0 |
Financial Instruments [Domain] | Other Liabilities [Member] | Liabilities, Total [Member] | ' | ' |
Gain (Loss) on Investments [Line Items] | ' | ' |
Gross amounts not offset in the balance sheet | -11,650 | -409 |
Financial Instruments [Domain] | Other Liabilities [Member] | Derivative Liabilities Included Other liabilities [Member] | ' | ' |
Gain (Loss) on Investments [Line Items] | ' | ' |
Gross amounts not offset in the balance sheet | ($11,650) | ($409) |
Investment_Securities_Narrativ
Investment Securities (Narrative) (Details) (USD $) | 0 Months Ended | 3 Months Ended | 12 Months Ended | ||
Feb. 12, 2014 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Securities | Securities | Securities | |||
Investment [Line Items] | ' | ' | ' | ' | ' |
Other than temporary impairment on municipal securiries during the period | ' | ' | $0 | ' | ' |
Number of HTM investment securities in an unrealized loss position | ' | 157 | 157 | 84 | ' |
Number of AFS investment securities in an unrealized loss position | ' | 317 | 317 | 256 | ' |
Amortized Cost of Securities Reclassified from HTM to AFS | ' | ' | 181,915,000 | 0 | 0 |
Unrealized losses recorded in AOCI as a result of HTM securities transfered to AFS securities | ' | 24,400,000 | ' | ' | ' |
Certain Disallowed Insurance CDO Securities | ' | 358,203,000 | 358,203,000 | ' | ' |
Unrealized Losses on Certain Disallowed Insurance CDO Securities | ' | ' | 67,000,000 | ' | ' |
Amortized Cost of Disallowed CDOs With Unlikely Recovery | ' | 147,000,000 | 147,000,000 | ' | ' |
Asset Impairment Charges | ' | ' | 165,134,000 | 106,545,000 | 35,686,000 |
Nontaxable interest income on securities | ' | ' | 13,400,000 | 17,600,000 | 21,300,000 |
Carrying value of pledged securities | ' | 1,000,000,000 | 1,000,000,000 | 1,000,000,000 | ' |
Other than temporary impairment on U.S. government agencies and corporation recorded in the perion | ' | ' | 0 | ' | ' |
Proceeds from Sale of Available-for-sale Securities, Debt | 347,000,000 | ' | ' | ' | ' |
Par Value of CDO Securities Sold | 631,000,000 | ' | ' | ' | ' |
Available-for-sale Securities, Amortized Cost Basis | 282,000,000 | 3,949,230,000 | 3,949,230,000 | 3,716,949,000 | ' |
Available-for-sale Securities, Gross Realized Gains | 65,000,000 | ' | ' | ' | ' |
Small Business Administration Loan-Backed Securities [Member] | Minimum [Member] | ' | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' | ' |
Investment term of maturity, in years | ' | ' | 5 | ' | ' |
Small Business Administration Loan-Backed Securities [Member] | Maximum [Member] | ' | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' | ' |
Investment term of maturity, in years | ' | ' | 25 | ' | ' |
Municipal Securities [Member] | Minimum [Member] | ' | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' | ' |
Investment term of maturity, in years | ' | ' | 1 | ' | ' |
Municipal Securities [Member] | Maximum [Member] | ' | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' | ' |
Investment term of maturity, in years | ' | ' | 25 | ' | ' |
CDO Trust Preferred Securities [Member] | ' | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' | ' |
Asset Impairment Charges | ' | ' | 137,100,000 | ' | ' |
Volcker Rule and Interim Final Rule [Member] | CDO Trust Preferred Securities [Member] | ' | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' | ' |
Asset Impairment Charges | ' | ' | 43,200,000 | ' | ' |
Company Has Intention to Sell Due to Volcker Rule and Interim Final Rule [Member] | CDO Trust Preferred Securities [Member] | ' | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' | ' |
Asset Impairment Charges | ' | ' | $93,900,000 | ' | ' |
Investment_Securities_Summary_
Investment Securities (Summary Of Investment Securities) (Details) (USD $) | 0 Months Ended | ||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Feb. 12, 2014 | ||
Investment [Line Items] | ' | ' | ' | ||
Held-to-maturity Securities, Unrecognized Holding Loss | $5,924 | $95,828 | ' | ||
Held-to-maturity, fair value | 609,547 | 674,741 | ' | ||
Held To Maturity Securities Gross Unrealized Losses | 41,593 | [1] | 45,434 | [1] | ' |
Held-to-maturity, Amortized cost | 630,574 | 802,343 | ' | ||
Held To Maturity Securities Gross Unrealized Gains | 0 | [1] | 0 | [1] | ' |
Available-for-sale debt securities, Amortized cost | 3,661,627 | ' | ' | ||
Available-for-sale debt securities, Gross unrealized gains, Recognized in OCI | 48,324 | [1] | ' | ' | |
Available-for-sale debt securities, Gross unrealized losses, Recognized in OCI | 288,268 | [1] | ' | ' | |
Available-for-sale debt securities, Carrying value | 3,421,683 | ' | ' | ||
Available-for-sale debt securities, Estimated fair value | 3,421,683 | 2,863,299 | ' | ||
Available-for-sale equity securities, Amortized cost | ' | 3,488,480 | ' | ||
Available-for-sale equity securities, Gross unrealized gains, Recognized in OCI | ' | 72,102 | [1] | ' | |
Available-for-sale equity securities, Gross unrealized losses, Recognized in OCI | ' | 697,283 | [1] | ' | |
Available-for-sale equity securities, Carrying value | ' | 2,863,299 | ' | ||
Available-for-sale, at fair value | 3,701,886 | 3,091,310 | ' | ||
Available-for-sale Securities, Amortized Cost Basis | 3,949,230 | 3,716,949 | 282,000 | ||
Available-for-sale, Gross unrealized gains, Recognized in OCI | 48,345 | [1] | 72,296 | [1] | ' |
Available-for-sale, Gross unrealized losses, Recognized in OCI | 295,689 | [1] | 697,935 | [1] | ' |
Available-for-sale, Carrying value | 3,701,886 | 3,091,310 | ' | ||
amortized cost of investment securities | 4,579,804 | 4,519,292 | ' | ||
Gross Unrealized Gains of Investment Securities Recognized in OCI | 48,345 | 72,296 | ' | ||
Gross Unrealized Losses of Investment Securities Recognized in OCI | 337,282 | 743,369 | ' | ||
Carrying Value of Investment Securities | 4,290,867 | 3,848,219 | ' | ||
Estimated Fair Value of Investment Securities | 4,311,433 | 3,766,051 | ' | ||
Held-to-maturity Securities | 588,981 | 756,909 | ' | ||
Held-to-maturity Securities, Unrecognized Holding Gain | 26,490 | 13,660 | ' | ||
Municipal Securities [Member] | ' | ' | ' | ||
Investment [Line Items] | ' | ' | ' | ||
Held-to-maturity Securities, Unrecognized Holding Loss | 4,616 | 709 | ' | ||
Held-to-maturity, fair value | 557,734 | 536,866 | ' | ||
Held To Maturity Securities Gross Unrealized Losses | 0 | [1] | 0 | [1] | ' |
Held-to-maturity, Amortized cost | 551,055 | 524,738 | ' | ||
Held To Maturity Securities Gross Unrealized Gains | 0 | [1] | 0 | [1] | ' |
Available-for-sale debt securities, Amortized cost | 65,425 | 75,344 | ' | ||
Available-for-sale debt securities, Gross unrealized gains, Recognized in OCI | 1,329 | [1] | 2,622 | [1] | ' |
Available-for-sale debt securities, Gross unrealized losses, Recognized in OCI | 490 | [1] | 1,970 | [1] | ' |
Available-for-sale debt securities, Carrying value | 66,264 | 75,996 | ' | ||
Available-for-sale debt securities, Estimated fair value | 66,264 | 75,996 | ' | ||
Held-to-maturity Securities | 551,055 | 524,738 | ' | ||
Held-to-maturity Securities, Unrecognized Holding Gain | 11,295 | 12,837 | ' | ||
Trust Preferred Securities - Banks And Insurance [Member] | Asset-Backed Securities [Member] | ' | ' | ' | ||
Investment [Line Items] | ' | ' | ' | ||
Held-to-maturity Securities, Unrecognized Holding Loss | 1,308 | 86,596 | ' | ||
Held-to-maturity, fair value | 51,713 | 126,201 | ' | ||
Held To Maturity Securities Gross Unrealized Losses | 41,593 | [1] | 42,964 | [1] | ' |
Held-to-maturity, Amortized cost | 79,419 | 255,647 | ' | ||
Held To Maturity Securities Gross Unrealized Gains | 0 | [1] | 0 | [1] | ' |
Available-for-sale debt securities, Amortized cost | 1,508,224 | ' | ' | ||
Available-for-sale debt securities, Gross unrealized gains, Recognized in OCI | 13,439 | [1] | ' | ' | |
Available-for-sale debt securities, Gross unrealized losses, Recognized in OCI | 282,843 | [1] | ' | ' | |
Available-for-sale debt securities, Carrying value | 1,238,820 | ' | ' | ||
Available-for-sale debt securities, Estimated fair value | 1,238,820 | ' | ' | ||
Available-for-sale equity securities, Amortized cost | ' | 1,596,156 | ' | ||
Available-for-sale equity securities, Gross unrealized gains, Recognized in OCI | ' | 16,687 | [1] | ' | |
Available-for-sale equity securities, Gross unrealized losses, Recognized in OCI | ' | 663,451 | [1] | ' | |
Available-for-sale equity securities, Carrying value | ' | 949,392 | ' | ||
Available-for-sale, at fair value | ' | 949,392 | ' | ||
Held-to-maturity Securities | 37,826 | 212,683 | ' | ||
Held-to-maturity Securities, Unrecognized Holding Gain | 15,195 | 114 | ' | ||
Other [Member] | Asset-Backed Securities [Member] | ' | ' | ' | ||
Investment [Line Items] | ' | ' | ' | ||
Held-to-maturity Securities, Unrecognized Holding Loss | 0 | 8,523 | ' | ||
Held-to-maturity, fair value | 0 | 11,574 | ' | ||
Held To Maturity Securities Gross Unrealized Losses | 0 | [1] | 2,470 | [1] | ' |
Held-to-maturity, Amortized cost | 0 | 21,858 | ' | ||
Held To Maturity Securities Gross Unrealized Gains | 0 | [1] | 0 | [1] | ' |
Available-for-sale debt securities, Amortized cost | 27,540 | ' | ' | ||
Available-for-sale debt securities, Gross unrealized gains, Recognized in OCI | 359 | [1] | ' | ' | |
Available-for-sale debt securities, Gross unrealized losses, Recognized in OCI | 0 | [1] | ' | ' | |
Available-for-sale debt securities, Carrying value | 27,899 | ' | ' | ||
Available-for-sale debt securities, Estimated fair value | 27,899 | ' | ' | ||
Available-for-sale equity securities, Amortized cost | ' | 25,614 | ' | ||
Available-for-sale equity securities, Gross unrealized gains, Recognized in OCI | ' | 701 | [1] | ' | |
Available-for-sale equity securities, Gross unrealized losses, Recognized in OCI | ' | 6,941 | [1] | ' | |
Available-for-sale equity securities, Carrying value | ' | 19,374 | ' | ||
Available-for-sale, at fair value | ' | 19,374 | ' | ||
Held-to-maturity Securities | 0 | 19,388 | ' | ||
Held-to-maturity Securities, Unrecognized Holding Gain | 0 | 709 | ' | ||
Other Debt Securities [Member] | Asset-Backed Securities [Member] | ' | ' | ' | ||
Investment [Line Items] | ' | ' | ' | ||
Held-to-maturity Securities, Unrecognized Holding Loss | 0 | 0 | ' | ||
Held-to-maturity, fair value | 100 | 100 | ' | ||
Held To Maturity Securities Gross Unrealized Losses | 0 | [1] | 0 | [1] | ' |
Held-to-maturity, Amortized cost | 100 | 100 | ' | ||
Held To Maturity Securities Gross Unrealized Gains | 0 | [1] | 0 | [1] | ' |
Held-to-maturity Securities | 100 | 100 | ' | ||
Held-to-maturity Securities, Unrecognized Holding Gain | 0 | 0 | ' | ||
U.S. Treasury Securities [Member] | ' | ' | ' | ||
Investment [Line Items] | ' | ' | ' | ||
Available-for-sale debt securities, Amortized cost | 1,442 | 104,313 | ' | ||
Available-for-sale debt securities, Gross unrealized gains, Recognized in OCI | 104 | [1] | 211 | [1] | ' |
Available-for-sale debt securities, Gross unrealized losses, Recognized in OCI | 0 | [1] | 0 | [1] | ' |
Available-for-sale debt securities, Carrying value | 1,546 | 104,524 | ' | ||
Available-for-sale debt securities, Estimated fair value | 1,546 | 104,524 | ' | ||
Agency Securities [Member] | ' | ' | ' | ||
Investment [Line Items] | ' | ' | ' | ||
Available-for-sale debt securities, Amortized cost | 517,905 | 108,814 | ' | ||
Available-for-sale debt securities, Gross unrealized gains, Recognized in OCI | 1,920 | [1] | 3,959 | [1] | ' |
Available-for-sale debt securities, Gross unrealized losses, Recognized in OCI | 901 | [1] | 116 | [1] | ' |
Available-for-sale debt securities, Carrying value | 518,924 | 112,657 | ' | ||
Available-for-sale debt securities, Estimated fair value | 518,924 | 112,657 | ' | ||
Agency Guaranteed Mortgage-Backed Securities [Member] | ' | ' | ' | ||
Investment [Line Items] | ' | ' | ' | ||
Available-for-sale debt securities, Amortized cost | 308,687 | 406,928 | ' | ||
Available-for-sale debt securities, Gross unrealized gains, Recognized in OCI | 9,926 | [1] | 18,598 | [1] | ' |
Available-for-sale debt securities, Gross unrealized losses, Recognized in OCI | 1,237 | [1] | 16 | [1] | ' |
Available-for-sale debt securities, Carrying value | 317,376 | 425,510 | ' | ||
Available-for-sale debt securities, Estimated fair value | 317,376 | 425,510 | ' | ||
Small Business Administration Loan-Backed Securities [Member] | ' | ' | ' | ||
Investment [Line Items] | ' | ' | ' | ||
Available-for-sale debt securities, Amortized cost | 1,202,901 | 1,124,322 | ' | ||
Available-for-sale debt securities, Gross unrealized gains, Recognized in OCI | 21,129 | [1] | 29,245 | [1] | ' |
Available-for-sale debt securities, Gross unrealized losses, Recognized in OCI | 2,771 | [1] | 639 | [1] | ' |
Available-for-sale debt securities, Carrying value | 1,221,259 | 1,152,928 | ' | ||
Available-for-sale debt securities, Estimated fair value | 1,221,259 | 1,152,928 | ' | ||
Trust Preferred Securities - Real Estate Investment Trusts [Member] | Asset-Backed Securities [Member] | ' | ' | ' | ||
Investment [Line Items] | ' | ' | ' | ||
Available-for-sale debt securities, Amortized cost | 22,996 | ' | ' | ||
Available-for-sale debt securities, Gross unrealized gains, Recognized in OCI | 0 | [1] | ' | ' | |
Available-for-sale debt securities, Gross unrealized losses, Recognized in OCI | 0 | [1] | ' | ' | |
Available-for-sale debt securities, Carrying value | 22,996 | ' | ' | ||
Available-for-sale debt securities, Estimated fair value | 22,996 | ' | ' | ||
Available-for-sale equity securities, Amortized cost | ' | 40,485 | ' | ||
Available-for-sale equity securities, Gross unrealized gains, Recognized in OCI | ' | 0 | [1] | ' | |
Available-for-sale equity securities, Gross unrealized losses, Recognized in OCI | ' | 24,082 | [1] | ' | |
Available-for-sale equity securities, Carrying value | ' | 16,403 | ' | ||
Available-for-sale, at fair value | ' | 16,403 | ' | ||
Auction Rate Securities [Member] | Asset-Backed Securities [Member] | ' | ' | ' | ||
Investment [Line Items] | ' | ' | ' | ||
Available-for-sale debt securities, Amortized cost | 6,507 | ' | ' | ||
Available-for-sale debt securities, Gross unrealized gains, Recognized in OCI | 118 | [1] | ' | ' | |
Available-for-sale debt securities, Gross unrealized losses, Recognized in OCI | 26 | [1] | ' | ' | |
Available-for-sale debt securities, Carrying value | 6,599 | ' | ' | ||
Available-for-sale debt securities, Estimated fair value | 6,599 | ' | ' | ||
Available-for-sale equity securities, Amortized cost | ' | 6,504 | ' | ||
Available-for-sale equity securities, Gross unrealized gains, Recognized in OCI | ' | 79 | [1] | ' | |
Available-for-sale equity securities, Gross unrealized losses, Recognized in OCI | ' | 68 | [1] | ' | |
Available-for-sale equity securities, Carrying value | ' | 6,515 | ' | ||
Available-for-sale, at fair value | ' | 6,515 | ' | ||
Mutual Funds And Other [Member] | ' | ' | ' | ||
Investment [Line Items] | ' | ' | ' | ||
Available-for-sale, at fair value | ' | 228,011 | ' | ||
Available-for-sale Securities, Amortized Cost Basis | ' | 228,469 | ' | ||
Available-for-sale, Gross unrealized gains, Recognized in OCI | ' | 194 | [1] | ' | |
Available-for-sale, Gross unrealized losses, Recognized in OCI | ' | 652 | [1] | ' | |
Available-for-sale, Carrying value | ' | 228,011 | ' | ||
Mutual Funds And Stock [Member] | ' | ' | ' | ||
Investment [Line Items] | ' | ' | ' | ||
Available-for-sale, at fair value | 280,203 | ' | ' | ||
Available-for-sale Securities, Amortized Cost Basis | 287,603 | ' | ' | ||
Available-for-sale, Gross unrealized gains, Recognized in OCI | 21 | [1] | ' | ' | |
Available-for-sale, Gross unrealized losses, Recognized in OCI | 7,421 | [1] | ' | ' | |
Available-for-sale, Carrying value | $280,203 | ' | ' | ||
[1] | The gross unrealized losses recognized in OCI on HTM securities resulted from a previous transfer of AFS securitiesto HTM |
Investment_Securities_Contract
Investment Securities (Contractual Maturities Debt Securities) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Investments [Abstract] | ' | ' |
Held-to-maturity, Due in one year or less, Amortized cost | $53,489 | ' |
Held-to-maturity, Due in one year or less, Estimated fair value | 53,200 | ' |
Held-to-maturity, Due after one year through five years, Amortized cost | 197,830 | ' |
Held-to-maturity, Due after one year through five years, Estimated fair value | 202,553 | ' |
Held-to-maturity, Due after five years through ten years, Amortized cost | 136,754 | ' |
Held-to-maturity, Due after five years through ten years, Estimated fair value | 134,360 | ' |
Held-to-maturity, Due after ten years, Amortized cost | 242,501 | ' |
Held-to-maturity, Due after ten years, Estimated fair value | 219,434 | ' |
Held-to-maturity, Amortized cost | 630,574 | 802,343 |
Held-to-maturity, fair value | 609,547 | 674,741 |
Available-for-sale, Due in one year or less, Amortized cost | 446,742 | ' |
Available-for-sale, Due in one year or less, Estimated fair value | 434,528 | ' |
Available-for-sale, Due after one year through five years, Amortized cost | 1,151,262 | ' |
Available-for-sale, Due after one year through five years, Estimated fair value | 1,126,669 | ' |
Available-for-sale, Due after five years through ten years, Amortized cost | 724,261 | ' |
Available-for-sale, Due after five years through ten years, Estimated fair value | 702,395 | ' |
Available-for-sale, Due after ten years, Amortized cost | 1,339,362 | ' |
Available-for-sale, Due after ten years, Estimated fair value | 1,158,091 | ' |
Available-for-sale, Amortized cost | 3,661,627 | ' |
Available-for-sale, Estimated fair value | $3,421,683 | $2,863,299 |
Investment_Securities_Summary_1
Investment Securities (Summary Of Amount Of Gross Unrealized Losses For Debt Securities And Estimated Fair Value) (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Investment [Line Items] | ' | ' |
Available-for-sale, Less than 12 months - Gross unrealized losses | $7,328 | $849 |
Available-for-sale, Less than 12 months - Estimated fair value | 386,486 | 157,086 |
Available-for-sale, 12 months or more - Gross unrealized losses | 288,361 | 697,086 |
Available-for-sale, 12 months or more - Estimated fair value | 1,001,740 | 887,841 |
Available-for-sale, Total - Gross unrealized losses | 295,689 | 697,935 |
Available-for-sale, Total - Estimated fair value | 1,388,226 | 1,044,927 |
Investment Securities Gross Unrealized Losses Less Than 12 Months | 11,353 | 1,479 |
Investment Securities Estimated Fair Value Less Than 12 Months | 456,886 | 199,699 |
Investment Securities Gross Unrealized Losses 12 Months or More | 331,853 | 837,718 |
Investment Securities Estimated Fair Value 12 Months or More | 1,062,162 | 1,030,674 |
Investment Securities Gross Unrealized Losses Total | 343,206 | 839,197 |
Investment Securities Estimated Fair Value Total | 1,519,048 | 1,230,373 |
Municipal Securities [Member] | ' | ' |
Investment [Line Items] | ' | ' |
Held-to-maturity, Less than 12 months - Gross unrealized losses | 4,025 | 630 |
Held-to-maturity, Less than 12 months - Estimated fair value | 70,400 | 42,613 |
Held-to-maturity, 12 months or more - Gross unrealized losses | 591 | 79 |
Held-to-maturity, 12 months or more - Estimated fair value | 9,103 | 5,910 |
Held-to-maturity, Total - Gross unrealized losses | 4,616 | 709 |
Held-to-maturity, Total - Estimated fair value | 79,503 | 48,523 |
Available-for-sale, Less than 12 months - Gross unrealized losses | 73 | 61 |
Available-for-sale, Less than 12 months - Estimated fair value | 8,834 | 4,898 |
Available-for-sale, 12 months or more - Gross unrealized losses | 417 | 1,909 |
Available-for-sale, 12 months or more - Estimated fair value | 3,179 | 11,768 |
Available-for-sale, Total - Gross unrealized losses | 490 | 1,970 |
Available-for-sale, Total - Estimated fair value | 12,013 | 16,666 |
Agency Securities [Member] | ' | ' |
Investment [Line Items] | ' | ' |
Available-for-sale, Less than 12 months - Gross unrealized losses | 828 | 35 |
Available-for-sale, Less than 12 months - Estimated fair value | 47,862 | 18,633 |
Available-for-sale, 12 months or more - Gross unrealized losses | 73 | 81 |
Available-for-sale, 12 months or more - Estimated fair value | 5,874 | 6,916 |
Available-for-sale, Total - Gross unrealized losses | 901 | 116 |
Available-for-sale, Total - Estimated fair value | 53,736 | 25,549 |
Agency Guaranteed Mortgage-Backed Securities [Member] | ' | ' |
Investment [Line Items] | ' | ' |
Available-for-sale, Less than 12 months - Gross unrealized losses | 1,231 | 10 |
Available-for-sale, Less than 12 months - Estimated fair value | 64,533 | 6,032 |
Available-for-sale, 12 months or more - Gross unrealized losses | 6 | 6 |
Available-for-sale, 12 months or more - Estimated fair value | 935 | 629 |
Available-for-sale, Total - Gross unrealized losses | 1,237 | 16 |
Available-for-sale, Total - Estimated fair value | 65,468 | 6,661 |
Small Business Administration Loan-Backed Securities [Member] | ' | ' |
Investment [Line Items] | ' | ' |
Available-for-sale, Less than 12 months - Gross unrealized losses | 1,709 | 91 |
Available-for-sale, Less than 12 months - Estimated fair value | 187,680 | 15,199 |
Available-for-sale, 12 months or more - Gross unrealized losses | 1,062 | 548 |
Available-for-sale, 12 months or more - Estimated fair value | 39,256 | 69,011 |
Available-for-sale, Total - Gross unrealized losses | 2,771 | 639 |
Available-for-sale, Total - Estimated fair value | 226,936 | 84,210 |
Mutual Funds And Other [Member] | ' | ' |
Investment [Line Items] | ' | ' |
Available-for-sale, Less than 12 months - Gross unrealized losses | 943 | 652 |
Available-for-sale, Less than 12 months - Estimated fair value | 24,057 | 112,324 |
Available-for-sale, 12 months or more - Gross unrealized losses | 6,478 | 0 |
Available-for-sale, 12 months or more - Estimated fair value | 103,614 | 0 |
Available-for-sale, Total - Gross unrealized losses | 7,421 | 652 |
Available-for-sale, Total - Estimated fair value | 127,671 | 112,324 |
Held-To-Maturity [Member] | ' | ' |
Investment [Line Items] | ' | ' |
Held-to-maturity, Less than 12 months - Gross unrealized losses | 4,025 | 630 |
Held-to-maturity, Less than 12 months - Estimated fair value | 70,400 | 42,613 |
Held-to-maturity, 12 months or more - Gross unrealized losses | 43,492 | 140,632 |
Held-to-maturity, 12 months or more - Estimated fair value | 60,422 | 142,833 |
Held-to-maturity, Total - Gross unrealized losses | 47,517 | 141,262 |
Held-to-maturity, Total - Estimated fair value | 130,822 | 185,446 |
Available-for-sale Securities [Member] | ' | ' |
Investment [Line Items] | ' | ' |
Available-for-sale, Less than 12 months - Gross unrealized losses | 6,385 | 197 |
Available-for-sale, Less than 12 months - Estimated fair value | 362,429 | 44,762 |
Available-for-sale, 12 months or more - Gross unrealized losses | 281,883 | 697,086 |
Available-for-sale, 12 months or more - Estimated fair value | 898,126 | 887,841 |
Available-for-sale, Total - Gross unrealized losses | 288,268 | 697,283 |
Available-for-sale, Total - Estimated fair value | 1,260,555 | 932,603 |
Asset-Backed Securities [Member] | Trust Preferred Securities - Banks And Insurance [Member] | ' | ' |
Investment [Line Items] | ' | ' |
Held-to-maturity, Less than 12 months - Gross unrealized losses | 0 | 0 |
Held-to-maturity, Less than 12 months - Estimated fair value | 0 | 0 |
Held-to-maturity, 12 months or more - Gross unrealized losses | 42,901 | 129,560 |
Held-to-maturity, 12 months or more - Estimated fair value | 51,319 | 126,019 |
Held-to-maturity, Total - Gross unrealized losses | 42,901 | 129,560 |
Held-to-maturity, Total - Estimated fair value | 51,319 | 126,019 |
Available-for-sale, Less than 12 months - Gross unrealized losses | 2,539 | 0 |
Available-for-sale, Less than 12 months - Estimated fair value | 51,911 | 0 |
Available-for-sale, 12 months or more - Gross unrealized losses | 280,304 | 663,451 |
Available-for-sale, 12 months or more - Estimated fair value | 847,990 | 765,421 |
Available-for-sale, Total - Gross unrealized losses | 282,843 | 663,451 |
Available-for-sale, Total - Estimated fair value | 899,901 | 765,421 |
Asset-Backed Securities [Member] | Other [Member] | ' | ' |
Investment [Line Items] | ' | ' |
Held-to-maturity, Less than 12 months - Gross unrealized losses | 0 | 0 |
Held-to-maturity, Less than 12 months - Estimated fair value | 0 | 0 |
Held-to-maturity, 12 months or more - Gross unrealized losses | 0 | 10,993 |
Held-to-maturity, 12 months or more - Estimated fair value | 0 | 10,904 |
Held-to-maturity, Total - Gross unrealized losses | 0 | 10,993 |
Held-to-maturity, Total - Estimated fair value | 0 | 10,904 |
Available-for-sale, Less than 12 months - Gross unrealized losses | 0 | 0 |
Available-for-sale, Less than 12 months - Estimated fair value | 0 | 0 |
Available-for-sale, 12 months or more - Gross unrealized losses | 0 | 6,941 |
Available-for-sale, 12 months or more - Estimated fair value | 0 | 15,234 |
Available-for-sale, Total - Gross unrealized losses | 0 | 6,941 |
Available-for-sale, Total - Estimated fair value | 0 | 15,234 |
Asset-Backed Securities [Member] | Other Debt Securities [Member] | ' | ' |
Investment [Line Items] | ' | ' |
Held-to-maturity, Less than 12 months - Gross unrealized losses | ' | 0 |
Held-to-maturity, Less than 12 months - Estimated fair value | ' | 0 |
Held-to-maturity, 12 months or more - Gross unrealized losses | ' | 0 |
Held-to-maturity, 12 months or more - Estimated fair value | ' | 0 |
Held-to-maturity, Total - Gross unrealized losses | ' | 0 |
Held-to-maturity, Total - Estimated fair value | ' | 0 |
Asset-Backed Securities [Member] | Trust Preferred Securities - Real Estate Investment Trusts [Member] | ' | ' |
Investment [Line Items] | ' | ' |
Available-for-sale, Less than 12 months - Gross unrealized losses | 0 | 0 |
Available-for-sale, Less than 12 months - Estimated fair value | 0 | 0 |
Available-for-sale, 12 months or more - Gross unrealized losses | 0 | 24,082 |
Available-for-sale, 12 months or more - Estimated fair value | 0 | 16,403 |
Available-for-sale, Total - Gross unrealized losses | 0 | 24,082 |
Available-for-sale, Total - Estimated fair value | 0 | 16,403 |
Asset-Backed Securities [Member] | Auction Rate Securities [Member] | ' | ' |
Investment [Line Items] | ' | ' |
Available-for-sale, Less than 12 months - Gross unrealized losses | 5 | 0 |
Available-for-sale, Less than 12 months - Estimated fair value | 1,609 | 0 |
Available-for-sale, 12 months or more - Gross unrealized losses | 21 | 68 |
Available-for-sale, 12 months or more - Estimated fair value | 892 | 2,459 |
Available-for-sale, Total - Gross unrealized losses | 26 | 68 |
Available-for-sale, Total - Estimated fair value | $2,501 | $2,459 |
Investment_Securities_Rollforw
Investment Securities (Rollforward Of Total Amount Of Credit-Related OTTI) (Details) (USD $) | 12 Months Ended | |||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | ||
Investment [Line Items] | ' | ' | ||
Balance of credit-related OTTI at beginning of period | ($408,043) | ($320,986) | ||
Credit-related OTTI not previously recognized | -571 | [1] | -8,544 | [1] |
Credit-related OTTI previously recognized when there is no intent to sell and no requirement to sell before recovery of amortized cost basis | -27,482 | [2] | -95,517 | [2] |
Subtotal of amounts recognized in earnings | 28,053 | 104,061 | ||
HTM Securities Transfered to AFS Securities | 0 | 0 | ||
Reductions for securities sold during the period | 47,768 | 17,004 | ||
Balance of credit-related OTTI at end of period | -185,885 | -408,043 | ||
Reductions for Securities the Company Intends to Sell or Will be Required to Sell Before Recovery of Amortized Cost Basis | 202,443 | 0 | ||
Held-To-Maturity [Member] | ' | ' | ||
Investment [Line Items] | ' | ' | ||
Balance of credit-related OTTI at beginning of period | -13,549 | -6,126 | ||
Credit-related OTTI not previously recognized | -403 | [1] | -2,890 | [1] |
Credit-related OTTI previously recognized when there is no intent to sell and no requirement to sell before recovery of amortized cost basis | 0 | [2] | -4,533 | [2] |
Subtotal of amounts recognized in earnings | 403 | 7,423 | ||
HTM Securities Transfered to AFS Securities | 4,900 | 0 | ||
Reductions for securities sold during the period | 0 | 0 | ||
Balance of credit-related OTTI at end of period | -9,052 | -13,549 | ||
Reductions for Securities the Company Intends to Sell or Will be Required to Sell Before Recovery of Amortized Cost Basis | 0 | 0 | ||
Available-for-sale Securities [Member] | ' | ' | ||
Investment [Line Items] | ' | ' | ||
Balance of credit-related OTTI at beginning of period | -394,494 | -314,860 | ||
Credit-related OTTI not previously recognized | -168 | [1] | -5,654 | [1] |
Credit-related OTTI previously recognized when there is no intent to sell and no requirement to sell before recovery of amortized cost basis | -27,482 | [2] | -90,984 | [2] |
Subtotal of amounts recognized in earnings | 27,650 | 96,638 | ||
HTM Securities Transfered to AFS Securities | -4,900 | 0 | ||
Reductions for securities sold during the period | 47,768 | 17,004 | ||
Balance of credit-related OTTI at end of period | -176,833 | -394,494 | ||
Reductions for Securities the Company Intends to Sell or Will be Required to Sell Before Recovery of Amortized Cost Basis | $202,443 | $0 | ||
[1] | Relates to securities not previously impaired. | |||
[2] | Relates to additional impairment on securities previously impaired. |
Investment_Securities_Noncredi
Investment Securities Noncredit Related Other Than Temporary Impairment (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Noncredit Related Losses On Securities Not Expected To Be Sold [Line Items] | ' | ' | ' |
Noncredit-related losses on securities not expected to be sold (recognized in other comprehensive income) | $23,472 | $62,196 | $43,642 |
Held-to-maturity Securities [Member] | ' | ' | ' |
Noncredit Related Losses On Securities Not Expected To Be Sold [Line Items] | ' | ' | ' |
Noncredit-related losses on securities not expected to be sold (recognized in other comprehensive income) | 16,114 | 16,718 | 20,945 |
Available-for-sale Securities [Member] | ' | ' | ' |
Noncredit Related Losses On Securities Not Expected To Be Sold [Line Items] | ' | ' | ' |
Noncredit-related losses on securities not expected to be sold (recognized in other comprehensive income) | $7,358 | $45,478 | $22,697 |
Investment_Securities_Gains_An
Investment Securities (Gains And Losses, Including OTTI, Recognized In Statement Of Income) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Schedule of Trading Securities and Other Trading Assets [Line Items] | ' | ' | ' |
Noncredit Related Losses On Securities Not Expected To Be Sold [Line Items] | $23,472 | $62,196 | $43,642 |
Investment securities, Held-to-maturity, Gross gains | 81 | 214 | 229 |
Investment securities Held-to-maturity, Gross losses | 403 | 7,423 | 769 |
Investment securities, Available-for-sale, Gross gains | 13,881 | 25,120 | 21,793 |
Investment securities, Available-for-sale, Gross losses | 181,591 | 102,428 | 43,068 |
Other noninterest-bearing investments, Nonmarketable equity securities, Gross gains | 10,182 | 23,218 | 9,449 |
Other noninterest-bearing investments, Nonmarketable equity securities, Gross losses | 1,662 | 11,965 | 2,938 |
Total investment securities and other noninterest-bearing investments, Gross gains | 24,144 | 48,552 | 31,471 |
Total investment securities and other noninterest-bearing investments, Gross losses | 183,656 | 121,816 | 46,775 |
Net losses | -159,512 | -73,264 | -15,304 |
Net impairment losses on investment securities | -165,134 | -104,061 | -33,683 |
Equity securities gains (losses) | 8,520 | 11,253 | 6,511 |
Fixed income securities gains (losses), net | -2,898 | 19,544 | 11,868 |
Available-for-sale Securities [Member] | ' | ' | ' |
Schedule of Trading Securities and Other Trading Assets [Line Items] | ' | ' | ' |
Noncredit Related Losses On Securities Not Expected To Be Sold [Line Items] | $7,358 | $45,478 | $22,697 |
Loans_And_Allowance_For_Credit2
Loans And Allowance For Credit Losses (Narrative) (Details) (USD $) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Y | |||||
D | |||||
Payments | |||||
M | |||||
Billing_Cycles | |||||
Loans And Allowance For Credit Losses [Line Items] | ' | ' | ' | ' | ' |
ALLL Reclassification of Commercial to Commercial Real Estate Loans | ' | ' | ' | $83,200,000 | ' |
Loans Receivable Commercial Construction and Land Development | ' | ' | 561,258,000 | 787,556,000 | ' |
Impaired Financing Receivable, Recorded Investment | ' | ' | 924,553,000 | 1,325,838,000 | ' |
Loans Pledged as Collateral | ' | ' | 23,000,000,000 | 21,100,000,000 | ' |
Unearned income and fees, net of related costs | ' | ' | 141,700,000 | 137,500,000 | ' |
Owner occupied and commercial real estate loans, unamortized premiums | ' | ' | 47,200,000 | 59,300,000 | ' |
Principle amount of loans held for sale sold | ' | ' | 1,600,000,000 | 1,700,000,000 | 1,600,000,000 |
Additions to Loans Held For Sale | ' | ' | 1,500,000,000 | 1,700,000,000 | 1,600,000,000 |
Income from loans sold, excluding servicing | ' | ' | 24,100,000 | 30,700,000 | 17,500,000 |
Number of days for consumer loans to be charged off | ' | ' | 180 | ' | ' |
Number of days for closed-end loans to be charged off | ' | ' | 120 | ' | ' |
Provision for Unfunded Lending Commitments | 18,400,000 | ' | ' | ' | ' |
Decrease in classified loan commitments | 137,000,000 | ' | ' | ' | ' |
Look back period for commercial and CRE | ' | 60 | ' | ' | ' |
Minimum number of days past due for nonaccrual status | ' | ' | 90 | ' | ' |
Minimum number of monthly payments in arrears when reporting past due | ' | ' | 2 | ' | ' |
Minimum number of billing cycles in arrears when reported as past due | ' | ' | 2 | ' | ' |
Minimum number of days unpaid when reported as past due | ' | ' | 30 | ' | ' |
Maximum loan amount for internally assigned loan grades | ' | ' | 750,000 | ' | ' |
Threshold for nonaccrual loans for evaluation of impairment | ' | ' | 1,000,000 | ' | ' |
Minimum number of months for borrower to meet terms For TDR status | ' | ' | 6 | ' | ' |
Unused commitments to extend credit on TDR loans | ' | ' | 6,000,000 | 13,000,000 | ' |
Recorded investment in TDR loans modified with interest rates below market | ' | ' | 172,600,000 | 225,600,000 | ' |
Loans modified as troubled debt restructuring loans | ' | ' | 155,800,000 | 174,000,000 | ' |
Net carrying amount of certain PCI loans | ' | ' | ' | 12,200,000 | ' |
Increase (decrease) on gross provision for loan losses | ' | ' | -10,100,000 | -16,500,000 | -1,700,000 |
Charge-offs (recoveries), net before FDIC indemnification | ' | ' | -4,800,000 | 8,600,000 | -7,100,000 |
Total reversal amount to ALLL | ' | ' | 15,100,000 | 20,400,000 | 16,100,000 |
Additional interest income due to increased cash flows from acquired loans | ' | ' | 90,900,000 | 58,500,000 | 78,400,000 |
Additional noninterest expense due to increased cash flows from acquired loans | ' | ' | 75,000,000 | 46,200,000 | 56,600,000 |
Loss sharing reimbursement, minimum | ' | ' | 80.00% | ' | ' |
Loss sharing reimbursement, maximum | ' | ' | 95.00% | ' | ' |
Maximum Number of Years For FDIC Coverage For All Except Single Family Residential Loans | ' | ' | 5 | ' | ' |
Maximum Number Of Years For FDIC Coverage For Single Family Residential Loans | ' | ' | 10 | ' | ' |
Owner Occupied [Member] | ' | ' | ' | ' | ' |
Loans And Allowance For Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Impaired Financing Receivable, Recorded Investment | ' | ' | 138,945,000 | 185,695,000 | ' |
Commercial [Member] | ' | ' | ' | ' | ' |
Loans And Allowance For Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Impaired Financing Receivable, Recorded Investment | ' | ' | 295,729,000 | 332,510,000 | ' |
Subsequent payment default period, number of days | ' | ' | 90 | ' | ' |
Consumer [Member] | ' | ' | ' | ' | ' |
Loans And Allowance For Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Impaired Financing Receivable, Recorded Investment | ' | ' | 99,977,000 | 112,057,000 | ' |
Subsequent payment default period, number of days | ' | ' | 60 | ' | ' |
Impaired Financing Receivable Recorded Investment With No Allowance [Member] [Member] | ' | ' | ' | ' | ' |
Loans And Allowance For Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Impaired Financing Receivable, Recorded Investment | ' | ' | ' | 574,793,000 | ' |
Impaired Financing Receivable Recorded Investment With No Allowance [Member] [Member] | Owner Occupied [Member] | ' | ' | ' | ' | ' |
Loans And Allowance For Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Impaired Financing Receivable, Recorded Investment | ' | ' | ' | 79,413,000 | ' |
Impaired Financing Receivable Recorded Investment With No Allowance [Member] [Member] | Commercial [Member] | ' | ' | ' | ' | ' |
Loans And Allowance For Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Impaired Financing Receivable, Recorded Investment | ' | ' | ' | 106,448,000 | ' |
Impaired Financing Receivable Recorded Investment With No Allowance [Member] [Member] | Consumer [Member] | ' | ' | ' | ' | ' |
Loans And Allowance For Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Impaired Financing Receivable, Recorded Investment | ' | ' | ' | $55,199,000 | ' |
Loans_And_Allowance_For_Credit3
Loans And Allowance For Credit Losses (Summary Of Major Portfolio Segment And Specific Loan Class) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans held for sale | $171,328 | $251,651 |
Commercial and industrial | 12,481,083 | 11,256,945 |
Leasing | 387,929 | 422,513 |
Owner occupied | 7,437,195 | 7,589,082 |
Municipal | 449,418 | 494,183 |
Total commercial | 20,755,625 | 19,762,723 |
Construction and land development | 2,182,821 | 1,939,413 |
Term | 8,005,837 | 8,062,819 |
Loans receivable, gross, commercial, real estate | 10,188,658 | 10,002,232 |
Home equity credit line | 2,133,120 | 2,177,680 |
1-4 family residential | 4,736,665 | 4,350,329 |
Construction and other consumer real estate | 324,922 | 321,235 |
Bankcard and other revolving plans | 356,240 | 306,428 |
Other | 197,864 | 216,379 |
Total consumer | 7,748,811 | 7,372,051 |
FDIC-supported loans | 350,271 | 528,241 |
Total loans | $39,043,365 | $37,665,247 |
Loans_And_Allowance_For_Credit4
Loans And Allowance For Credit Losses (Summary Of Changes In The Allowance For Credit Losses) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||||||
Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Balance at beginning of period | ' | ' | ' | $896,087 | ' | ' | ' | $1,051,685 | $896,087 | $1,051,685 | ' | ||||||
Provision for loan losses | -30,538 | -5,573 | -21,990 | -29,035 | -10,401 | -1,889 | 10,853 | 15,664 | -87,136 | 14,227 | 74,532 | ||||||
Adjustment for FDIC-supported loans | ' | ' | ' | ' | ' | ' | ' | ' | -11,237 | -14,542 | ' | ||||||
Gross loan and lease charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | -130,797 | -267,189 | ' | ||||||
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | -79,374 | 111,906 | [1] | ' | |||||
Net loan and lease charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | -51,423 | -155,283 | ' | ||||||
Balance at end of period | 746,291 | ' | ' | ' | 896,087 | ' | ' | ' | 746,291 | 896,087 | 1,051,685 | ||||||
Balance at beginning of period | ' | ' | ' | 106,809 | ' | ' | ' | 102,422 | 106,809 | 102,422 | ' | ||||||
Provision charged (credited) to earnings | ' | ' | ' | ' | ' | ' | ' | ' | -17,104 | 4,387 | ' | ||||||
Balance at end of period | 89,705 | ' | ' | ' | 106,809 | ' | ' | ' | 89,705 | 106,809 | 102,422 | ||||||
Allowance for loan losses | 746,291 | ' | ' | ' | 896,087 | ' | ' | ' | 746,291 | 896,087 | 1,051,685 | ||||||
Reserve for unfunded lending commitments | 89,705 | ' | ' | ' | 106,809 | ' | ' | ' | 89,705 | 106,809 | 102,422 | ||||||
Total allowance for credit losses | 835,996 | ' | ' | ' | 1,002,896 | ' | ' | ' | 835,996 | 1,002,896 | ' | ||||||
Commercial [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Balance at beginning of period | ' | ' | ' | 510,908 | ' | ' | ' | 561,351 | 510,908 | 561,351 | ' | ||||||
Provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | -5,640 | 16,808 | ' | ||||||
Adjustment for FDIC-supported loans | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ||||||
Gross loan and lease charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | -75,434 | -117,506 | ' | ||||||
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | -35,311 | 50,255 | [1] | ' | |||||
Net loan and lease charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | -40,123 | -67,251 | ' | ||||||
Balance at end of period | 465,145 | ' | ' | ' | 510,908 | ' | ' | ' | 465,145 | 510,908 | ' | ||||||
Balance at beginning of period | ' | ' | ' | 67,374 | ' | ' | ' | 77,232 | 67,374 | 77,232 | ' | ||||||
Provision charged (credited) to earnings | ' | ' | ' | ' | ' | ' | ' | ' | -19,029 | -9,858 | ' | ||||||
Balance at end of period | 48,345 | ' | ' | ' | 67,374 | ' | ' | ' | 48,345 | 67,374 | ' | ||||||
Allowance for loan losses | 465,145 | ' | ' | ' | 510,908 | ' | ' | ' | 465,145 | 510,908 | ' | ||||||
Reserve for unfunded lending commitments | 48,345 | ' | ' | ' | 67,374 | ' | ' | ' | 48,345 | 67,374 | ' | ||||||
Total allowance for credit losses | 513,490 | ' | ' | ' | 578,282 | ' | ' | ' | 513,490 | 578,282 | ' | ||||||
Commercial Real Estate [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Balance at beginning of period | ' | ' | ' | 276,976 | ' | ' | ' | 343,747 | 276,976 | 343,747 | ' | ||||||
Provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | -63,544 | -18,982 | ' | ||||||
Adjustment for FDIC-supported loans | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ||||||
Gross loan and lease charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | -24,609 | -82,944 | ' | ||||||
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | -24,540 | 35,155 | [1] | ' | |||||
Net loan and lease charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | -69 | -47,789 | ' | ||||||
Balance at end of period | 213,363 | ' | ' | ' | 276,976 | ' | ' | ' | 213,363 | 276,976 | ' | ||||||
Balance at beginning of period | ' | ' | ' | 37,852 | ' | ' | ' | 23,572 | 37,852 | 23,572 | ' | ||||||
Provision charged (credited) to earnings | ' | ' | ' | ' | ' | ' | ' | ' | -367 | 14,280 | ' | ||||||
Balance at end of period | 37,485 | ' | ' | ' | 37,852 | ' | ' | ' | 37,485 | 37,852 | ' | ||||||
Allowance for loan losses | 213,363 | ' | ' | ' | 276,976 | ' | ' | ' | 213,363 | 276,976 | ' | ||||||
Reserve for unfunded lending commitments | 37,485 | ' | ' | ' | 37,852 | ' | ' | ' | 37,485 | 37,852 | ' | ||||||
Total allowance for credit losses | 250,848 | ' | ' | ' | 314,828 | ' | ' | ' | 250,848 | 314,828 | ' | ||||||
Consumer [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Balance at beginning of period | ' | ' | ' | 95,656 | ' | ' | ' | 123,115 | 95,656 | 123,115 | ' | ||||||
Provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | -19,100 | 18,389 | ' | ||||||
Adjustment for FDIC-supported loans | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ||||||
Gross loan and lease charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | -28,960 | -60,273 | ' | ||||||
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | -13,269 | 14,425 | [1] | ' | |||||
Net loan and lease charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | -15,691 | -45,848 | ' | ||||||
Balance at end of period | 60,865 | ' | ' | ' | 95,656 | ' | ' | ' | 60,865 | 95,656 | ' | ||||||
Balance at beginning of period | ' | ' | ' | 1,583 | ' | ' | ' | 1,618 | 1,583 | 1,618 | ' | ||||||
Provision charged (credited) to earnings | ' | ' | ' | ' | ' | ' | ' | ' | 2,292 | -35 | ' | ||||||
Balance at end of period | 3,875 | ' | ' | ' | 1,583 | ' | ' | ' | 3,875 | 1,583 | ' | ||||||
Allowance for loan losses | 60,865 | ' | ' | ' | 95,656 | ' | ' | ' | 60,865 | 95,656 | ' | ||||||
Reserve for unfunded lending commitments | 3,875 | ' | ' | ' | 1,583 | ' | ' | ' | 3,875 | 1,583 | ' | ||||||
Total allowance for credit losses | 64,740 | ' | ' | ' | 97,239 | ' | ' | ' | 64,740 | 97,239 | ' | ||||||
FDIC- Supported [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Balance at beginning of period | ' | ' | ' | 12,547 | [1] | ' | ' | ' | 23,472 | [1] | 12,547 | [1] | 23,472 | [1] | ' | ||
Provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | 1,148 | [1] | -1,988 | [1] | ' | ||||
Adjustment for FDIC-supported loans | ' | ' | ' | ' | ' | ' | ' | ' | -11,237 | [1] | -14,542 | [1] | ' | ||||
Gross loan and lease charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | -1,794 | [1] | -6,466 | [1] | ' | ||||
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | -6,254 | [1] | 12,071 | [1] | ' | ||||
Net loan and lease charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | 4,460 | [1] | 5,605 | [1] | ' | ||||
Balance at end of period | 6,918 | [1] | ' | ' | ' | 12,547 | [1] | ' | ' | ' | 6,918 | [1] | 12,547 | [1] | ' | ||
Balance at beginning of period | ' | ' | ' | 0 | [1] | ' | ' | ' | 0 | [1] | 0 | [1] | 0 | [1] | ' | ||
Provision charged (credited) to earnings | ' | ' | ' | ' | ' | ' | ' | ' | 0 | [1] | 0 | [1] | ' | ||||
Balance at end of period | 0 | [1] | ' | ' | ' | 0 | [1] | ' | ' | ' | 0 | [1] | 0 | [1] | ' | ||
Allowance for loan losses | 6,918 | [1] | ' | ' | ' | 12,547 | [1] | ' | ' | ' | 6,918 | [1] | 12,547 | [1] | ' | ||
Reserve for unfunded lending commitments | 0 | [1] | ' | ' | ' | 0 | [1] | ' | ' | ' | 0 | [1] | 0 | [1] | ' | ||
Total allowance for credit losses | $6,918 | [1] | ' | ' | ' | $12,547 | [1] | ' | ' | ' | $6,918 | [1] | $12,547 | [1] | ' | ||
[1] | The Purchased Loans section following contains further discussion related to FDIC-supported loans. |
Loans_And_Allowance_For_Credit5
Loans And Allowance For Credit Losses (Summary Of ALLL And Outstanding Loan Balances According To The Company's Impairment Method) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||
In Thousands, unless otherwise specified | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | |||
Allowance for loan losses: Individually evaluated for impairment | ($62,499) | ($66,640) | ' | |||
Allowance for loan losses: Collectively evaluated for impairment | 677,266 | 817,322 | ' | |||
Allowance for loan losses: Purchased loans with evidence of credit deterioration | 6,526 | 12,125 | ' | |||
Allowance for loan losses: Total | 746,291 | 896,087 | 1,051,685 | |||
Outstanding loan balances: Individually evaluated for impairment | 681,280 | 904,496 | ' | |||
Outstanding loan balances: Collectively evaluated for impairment | 38,051,001 | 36,291,555 | ' | |||
Outstanding loan balances: Purchased loans with evidence of credit deterioration | 311,084 | 469,196 | ' | |||
Total loans | 39,043,365 | 37,665,247 | ' | |||
Commercial [Member] | ' | ' | ' | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | |||
Allowance for loan losses: Individually evaluated for impairment | -39,288 | -30,587 | ' | |||
Allowance for loan losses: Collectively evaluated for impairment | 425,857 | 480,321 | ' | |||
Allowance for loan losses: Purchased loans with evidence of credit deterioration | 0 | 0 | ' | |||
Allowance for loan losses: Total | 465,145 | 510,908 | 561,351 | |||
Outstanding loan balances: Individually evaluated for impairment | 315,604 | 353,380 | ' | |||
Outstanding loan balances: Collectively evaluated for impairment | 20,440,021 | 19,409,343 | ' | |||
Outstanding loan balances: Purchased loans with evidence of credit deterioration | 0 | 0 | ' | |||
Total loans | 20,755,625 | 19,762,723 | ' | |||
Commercial Real Estate [Member] | ' | ' | ' | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | |||
Allowance for loan losses: Individually evaluated for impairment | -12,510 | -22,295 | ' | |||
Allowance for loan losses: Collectively evaluated for impairment | 200,853 | 254,681 | ' | |||
Allowance for loan losses: Purchased loans with evidence of credit deterioration | 0 | 0 | ' | |||
Allowance for loan losses: Total | 213,363 | 276,976 | 343,747 | |||
Outstanding loan balances: Individually evaluated for impairment | 262,907 | 437,647 | ' | |||
Outstanding loan balances: Collectively evaluated for impairment | 9,925,751 | 9,564,585 | ' | |||
Outstanding loan balances: Purchased loans with evidence of credit deterioration | 0 | 0 | ' | |||
Total loans | 10,188,658 | 10,002,232 | ' | |||
Consumer [Member] | ' | ' | ' | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | |||
Allowance for loan losses: Individually evaluated for impairment | -10,701 | -13,758 | ' | |||
Allowance for loan losses: Collectively evaluated for impairment | 50,164 | 81,898 | ' | |||
Allowance for loan losses: Purchased loans with evidence of credit deterioration | 0 | 0 | ' | |||
Allowance for loan losses: Total | 60,865 | 95,656 | 123,115 | |||
Outstanding loan balances: Individually evaluated for impairment | 101,545 | 112,320 | ' | |||
Outstanding loan balances: Collectively evaluated for impairment | 7,647,266 | 7,259,731 | ' | |||
Outstanding loan balances: Purchased loans with evidence of credit deterioration | 0 | 0 | ' | |||
Total loans | 7,748,811 | 7,372,051 | ' | |||
FDIC- Supported [Member] | ' | ' | ' | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | |||
Allowance for loan losses: Individually evaluated for impairment | 0 | 0 | ' | |||
Allowance for loan losses: Collectively evaluated for impairment | 392 | 422 | ' | |||
Allowance for loan losses: Purchased loans with evidence of credit deterioration | 6,526 | 12,125 | ' | |||
Allowance for loan losses: Total | 6,918 | [1] | 12,547 | [1] | 23,472 | [1] |
Outstanding loan balances: Individually evaluated for impairment | 1,224 | 1,149 | ' | |||
Outstanding loan balances: Collectively evaluated for impairment | 37,963 | 57,896 | ' | |||
Outstanding loan balances: Purchased loans with evidence of credit deterioration | 311,084 | 469,196 | ' | |||
Total loans | $350,271 | $528,241 | ' | |||
[1] | The Purchased Loans section following contains further discussion related to FDIC-supported loans. |
Loans_And_Allowance_For_Credit6
Loans And Allowance For Credit Losses (Summary Of Nonaccrual Loans) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Financing Receivable, Recorded Investment, Nonaccrual Status | $406,613 | $648,153 |
Commercial [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Financing Receivable, Recorded Investment, Nonaccrual Status | 244,984 | 306,962 |
Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Financing Receivable, Recorded Investment, Nonaccrual Status | 89,585 | 232,273 |
Consumer [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Financing Receivable, Recorded Investment, Nonaccrual Status | 67,650 | 91,575 |
Commercial And Industrial [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Financing Receivable, Recorded Investment, Nonaccrual Status | 97,960 | 90,859 |
Leasing [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Financing Receivable, Recorded Investment, Nonaccrual Status | 757 | 838 |
Owner Occupied [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Financing Receivable, Recorded Investment, Nonaccrual Status | 136,281 | 206,031 |
Municipal [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Financing Receivable, Recorded Investment, Nonaccrual Status | 9,986 | 9,234 |
Construction And Land Development [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Financing Receivable, Recorded Investment, Nonaccrual Status | 29,205 | 107,658 |
Term [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Financing Receivable, Recorded Investment, Nonaccrual Status | 60,380 | 124,615 |
Home Equity Credit Line [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Financing Receivable, Recorded Investment, Nonaccrual Status | 8,969 | 14,247 |
1-4 Family Residential [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Financing Receivable, Recorded Investment, Nonaccrual Status | 53,002 | 70,180 |
Construction And Other Consumer Real Estate [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Financing Receivable, Recorded Investment, Nonaccrual Status | 3,510 | 4,560 |
Bankcard And Other Revolving Plans [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Financing Receivable, Recorded Investment, Nonaccrual Status | 1,365 | 1,190 |
Other [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Financing Receivable, Recorded Investment, Nonaccrual Status | 804 | 1,398 |
FDIC-Supported Loans [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Financing Receivable, Recorded Investment, Nonaccrual Status | $4,394 | $17,343 |
Loans_And_Allowance_For_Credit7
Loans And Allowance For Credit Losses (Summary Of Past Due Loans (Accruing And Nonaccruing)) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | ||
In Thousands, unless otherwise specified | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ||
Loans Receivable Held-for-sale, Net | $171,328 | $251,651 | ||
Current | 38,711,947 | 37,046,712 | ||
30-89 days past due | 145,849 | 269,740 | ||
90+ days past due | 185,569 | 348,795 | ||
Total past due | 331,418 | 618,535 | ||
Total loans | 39,043,365 | 37,665,247 | ||
Accruing loans 90+ days past due | 40,348 | 61,763 | ||
Nonaccrual loans that are current | 232,055 | [1] | 288,728 | [1] |
Commercial [Member] | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ||
Current | ' | 19,487,495 | ||
30-89 days past due | ' | 130,174 | ||
90+ days past due | ' | 145,054 | ||
Total past due | ' | 275,228 | ||
Total loans | 20,755,625 | 19,762,723 | ||
Accruing loans 90+ days past due | ' | 5,835 | ||
Nonaccrual loans that are current | ' | 142,458 | [1] | |
Commercial Loan [Member] | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ||
Current | 20,573,298 | ' | ||
30-89 days past due | 89,009 | ' | ||
90+ days past due | 93,318 | ' | ||
Total past due | 182,327 | ' | ||
Total loans | 20,755,625 | ' | ||
Accruing loans 90+ days past due | 2,635 | ' | ||
Nonaccrual loans that are current | 136,223 | ' | ||
Commercial Real Estate [Member] | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ||
Current | ' | 9,821,103 | ||
30-89 days past due | ' | 90,869 | ||
90+ days past due | ' | 90,260 | ||
Total past due | ' | 181,129 | ||
Total loans | 10,188,658 | 10,002,232 | ||
Accruing loans 90+ days past due | ' | 960 | ||
Nonaccrual loans that are current | ' | 104,590 | [1] | |
Home Equity Credit Line [Member] | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ||
Current | 2,122,549 | 2,169,722 | ||
30-89 days past due | 8,001 | 4,036 | ||
90+ days past due | 2,570 | 3,922 | ||
Total past due | 10,571 | 7,958 | ||
Total loans | 2,133,120 | 2,177,680 | ||
Accruing loans 90+ days past due | 98 | 0 | ||
Nonaccrual loans that are current | 2,868 | [1] | 8,846 | [1] |
Consumer [Member] | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ||
Current | ' | 7,283,781 | ||
30-89 days past due | ' | 36,290 | ||
90+ days past due | ' | 51,980 | ||
Total past due | ' | 88,270 | ||
Total loans | 7,748,811 | 7,372,051 | ||
Accruing loans 90+ days past due | ' | 2,935 | ||
Nonaccrual loans that are current | ' | 34,287 | [1] | |
Commercial And Industrial [Member] | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ||
Current | 12,387,546 | 11,124,639 | ||
30-89 days past due | 48,811 | 73,555 | ||
90+ days past due | 44,726 | 58,751 | ||
Total past due | 93,537 | 132,306 | ||
Total loans | 12,481,083 | 11,256,945 | ||
Accruing loans 90+ days past due | 1,855 | 4,013 | ||
Nonaccrual loans that are current | 52,412 | [1] | 32,389 | [1] |
Leasing [Member] | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ||
Current | 387,526 | 421,590 | ||
30-89 days past due | 173 | 115 | ||
90+ days past due | 230 | 808 | ||
Total past due | 403 | 923 | ||
Total loans | 387,929 | 422,513 | ||
Accruing loans 90+ days past due | 36 | 0 | ||
Nonaccrual loans that are current | 563 | [1] | 0 | [1] |
Owner Occupied [Member] | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ||
Current | 7,357,618 | 7,447,083 | ||
30-89 days past due | 36,718 | 56,504 | ||
90+ days past due | 42,859 | 85,495 | ||
Total past due | 79,577 | 141,999 | ||
Total loans | 7,437,195 | 7,589,082 | ||
Accruing loans 90+ days past due | 744 | 1,822 | ||
Nonaccrual loans that are current | 82,072 | [1] | 100,835 | [1] |
Municipal [Member] | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ||
Current | 440,608 | 494,183 | ||
30-89 days past due | 3,307 | 0 | ||
90+ days past due | 5,503 | 0 | ||
Total past due | 8,810 | 0 | ||
Total loans | 449,418 | 494,183 | ||
Accruing loans 90+ days past due | 0 | 0 | ||
Nonaccrual loans that are current | 1,176 | [1] | 9,234 | [1] |
Construction And Land Development [Member] | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ||
Current | 2,162,018 | 1,836,284 | ||
30-89 days past due | 8,967 | 66,139 | ||
90+ days past due | 11,836 | 36,990 | ||
Total past due | 20,803 | 103,129 | ||
Total loans | 2,182,821 | 1,939,413 | ||
Accruing loans 90+ days past due | 23 | 853 | ||
Nonaccrual loans that are current | 17,311 | [1] | 50,044 | [1] |
Term [Member] | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ||
Current | 7,971,327 | 7,984,819 | ||
30-89 days past due | 15,362 | 24,730 | ||
90+ days past due | 19,148 | 53,270 | ||
Total past due | 34,510 | 78,000 | ||
Total loans | 8,005,837 | 8,062,819 | ||
Accruing loans 90+ days past due | 5,580 | 107 | ||
Nonaccrual loans that are current | 42,624 | [1] | 54,546 | [1] |
Commercial Real Estate [Member] | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ||
Current | 10,133,345 | ' | ||
30-89 days past due | 24,329 | ' | ||
90+ days past due | 30,984 | ' | ||
Total past due | 55,313 | ' | ||
Total loans | 10,188,658 | ' | ||
Accruing loans 90+ days past due | 5,603 | ' | ||
Nonaccrual loans that are current | 59,935 | ' | ||
1-4 Family Residential [Member] | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ||
Current | 4,704,852 | 4,282,611 | ||
30-89 days past due | 8,526 | 24,060 | ||
90+ days past due | 23,287 | 43,658 | ||
Total past due | 31,813 | 67,718 | ||
Total loans | 4,736,665 | 4,350,329 | ||
Accruing loans 90+ days past due | 667 | 1,423 | ||
Nonaccrual loans that are current | 27,592 | [1] | 21,945 | [1] |
Construction And Other Consumer Real Estate [Member] | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ||
Current | 322,807 | 314,931 | ||
30-89 days past due | 1,038 | 4,344 | ||
90+ days past due | 1,077 | 1,960 | ||
Total past due | 2,115 | 6,304 | ||
Total loans | 324,922 | 321,235 | ||
Accruing loans 90+ days past due | 0 | 395 | ||
Nonaccrual loans that are current | 2,232 | [1] | 2,500 | [1] |
Bankcard And Other Revolving Plans [Member] | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ||
Current | 353,060 | 302,587 | ||
30-89 days past due | 2,093 | 2,439 | ||
90+ days past due | 1,087 | 1,402 | ||
Total past due | 3,180 | 3,841 | ||
Total loans | 356,240 | 306,428 | ||
Accruing loans 90+ days past due | 900 | 1,010 | ||
Nonaccrual loans that are current | 1,105 | [1] | 721 | [1] |
Other [Member] | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ||
Current | 196,327 | 213,930 | ||
30-89 days past due | 827 | 1,411 | ||
90+ days past due | 710 | 1,038 | ||
Total past due | 1,537 | 2,449 | ||
Total loans | 197,864 | 216,379 | ||
Accruing loans 90+ days past due | 54 | 107 | ||
Nonaccrual loans that are current | 125 | [1] | 275 | [1] |
Consumer Loan [Member] | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ||
Current | 7,699,595 | ' | ||
30-89 days past due | 20,485 | ' | ||
90+ days past due | 28,731 | ' | ||
Total past due | 49,216 | ' | ||
Total loans | 7,748,811 | ' | ||
Accruing loans 90+ days past due | 1,719 | ' | ||
Nonaccrual loans that are current | 33,922 | ' | ||
FDIC-Supported Loans [Member] | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ||
Current | 305,709 | 454,333 | ||
30-89 days past due | 12,026 | 12,407 | ||
90+ days past due | 32,536 | 61,501 | ||
Total past due | 44,562 | 73,908 | ||
Total loans | 350,271 | 528,241 | ||
Accruing loans 90+ days past due | 30,391 | 52,033 | ||
Nonaccrual loans that are current | 1,975 | [1] | 7,393 | [1] |
Special Mention [Member] | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ||
Total loans | $700,374 | $696,548 | ||
[1] | Represents nonaccrual loans not past due more than 30 days; however, full payment of principal and interest is still not expected. |
Loans_And_Allowance_For_Credit8
Loans And Allowance For Credit Losses (Summary Of Outstanding Loan Balances (Accruing And Nonaccruing) Categorized By Credit Quality Indicators) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Commercial and industrial | $12,481,083 | $11,256,945 |
Leasing | 387,929 | 422,513 |
Commercial Lending Loans - Owner Occupied | 7,437,195 | 7,589,082 |
Loans and Leases Receivable, Gross, Commercial, Governments | 449,418 | 494,183 |
Loans and Leases Receivable, Gross, Commercial | 20,755,625 | 19,762,723 |
Loans Receivable Commercial Construction and Land Development | 2,182,821 | 1,939,413 |
Term | 8,005,837 | 8,062,819 |
Loans Receivable, Gross, Commercial, Real Estate | 10,188,658 | 10,002,232 |
Loans and Leases Receivable, Gross, Consumer, Home Equity | 2,133,120 | 2,177,680 |
1-4 family residential | 4,736,665 | 4,350,329 |
Loans and Leases Receivable, Gross, Consumer, Construction | 324,922 | 321,235 |
Loans and Leases Receivable, Gross, Consumer, Revolving, Credit Card | 356,240 | 306,428 |
Loans and Leases Receivable, Gross, Consumer, Other | 197,864 | 216,379 |
Loans and Leases Receivable, Gross, Consumer | 7,748,811 | 7,372,051 |
FDIC-supported loans | 350,271 | 528,241 |
Loans and Leases Receivable, Gross | 39,043,365 | 37,665,247 |
Commercial [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Commercial and industrial | 12,481,083 | ' |
Leasing | 387,929 | ' |
Commercial Lending Loans - Owner Occupied | 7,437,195 | ' |
Loans and Leases Receivable, Gross, Commercial, Governments | 449,418 | ' |
Loans and Leases Receivable, Gross, Commercial | 20,755,625 | ' |
Loans and Leases Receivable, Gross | 20,755,625 | 19,762,723 |
Construction And Land Development [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans Receivable Commercial Construction and Land Development | 2,182,821 | ' |
Loans and Leases Receivable, Gross | 2,182,821 | 1,939,413 |
Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Term | 8,005,837 | ' |
Loans Receivable, Gross, Commercial, Real Estate | 10,188,658 | ' |
Loans and Leases Receivable, Gross | 10,188,658 | 10,002,232 |
Consumer [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans and Leases Receivable, Gross, Consumer, Home Equity | 2,133,120 | ' |
1-4 family residential | 4,736,665 | ' |
Loans and Leases Receivable, Gross, Consumer, Construction | 324,922 | ' |
Loans and Leases Receivable, Gross, Consumer, Revolving, Credit Card | 356,240 | ' |
Loans and Leases Receivable, Gross, Consumer, Other | 197,864 | ' |
Loans and Leases Receivable, Gross, Consumer | 7,748,811 | ' |
Loans and Leases Receivable, Gross | 7,748,811 | 7,372,051 |
FDIC-Supported Loans [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans and Leases Receivable, Gross | 350,271 | 528,241 |
F D I C Supported Loans [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
FDIC-supported loans | 350,271 | ' |
Pass [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Commercial and industrial | ' | 10,717,594 |
Leasing | ' | 419,482 |
Commercial Lending Loans - Owner Occupied | ' | 6,833,923 |
Loans and Leases Receivable, Gross, Commercial, Governments | ' | 453,193 |
Loans and Leases Receivable, Gross, Commercial | ' | 18,424,192 |
Loans Receivable Commercial Construction and Land Development | ' | 1,648,215 |
Term | ' | 7,433,789 |
Loans Receivable, Gross, Commercial, Real Estate | ' | 9,082,004 |
Loans and Leases Receivable, Gross, Consumer, Home Equity | ' | 2,138,693 |
1-4 family residential | ' | 4,234,426 |
Loans and Leases Receivable, Gross, Consumer, Construction | ' | 313,499 |
Loans and Leases Receivable, Gross, Consumer, Revolving, Credit Card | ' | 298,665 |
Loans and Leases Receivable, Gross, Consumer, Other | ' | 209,293 |
Loans and Leases Receivable, Gross, Consumer | ' | 7,194,576 |
FDIC-supported loans | ' | 327,609 |
Loans and Leases Receivable, Gross | 37,009,767 | 35,028,381 |
Pass [Member] | Commercial [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Commercial and industrial | 11,807,825 | ' |
Leasing | 380,268 | ' |
Commercial Lending Loans - Owner Occupied | 6,827,464 | ' |
Loans and Leases Receivable, Gross, Commercial, Governments | 439,432 | ' |
Loans and Leases Receivable, Gross, Commercial | 19,454,989 | ' |
Pass [Member] | Construction And Land Development [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans Receivable Commercial Construction and Land Development | 2,107,828 | ' |
Pass [Member] | Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Term | 7,569,472 | ' |
Loans Receivable, Gross, Commercial, Real Estate | 9,677,300 | ' |
Pass [Member] | Consumer [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans and Leases Receivable, Gross, Consumer, Home Equity | 2,111,475 | ' |
1-4 family residential | 4,668,841 | ' |
Loans and Leases Receivable, Gross, Consumer, Construction | 313,881 | ' |
Loans and Leases Receivable, Gross, Consumer, Revolving, Credit Card | 353,618 | ' |
Loans and Leases Receivable, Gross, Consumer, Other | 196,770 | ' |
Loans and Leases Receivable, Gross, Consumer | 7,644,585 | ' |
Pass [Member] | F D I C Supported Loans [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
FDIC-supported loans | 232,893 | ' |
Special Mention [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Commercial and industrial | ' | 198,645 |
Leasing | ' | 226 |
Commercial Lending Loans - Owner Occupied | ' | 138,539 |
Loans and Leases Receivable, Gross, Commercial, Governments | ' | 31,756 |
Loans and Leases Receivable, Gross, Commercial | ' | 369,166 |
Loans Receivable Commercial Construction and Land Development | ' | 57,348 |
Term | ' | 237,201 |
Loans Receivable, Gross, Commercial, Real Estate | ' | 294,549 |
Loans and Leases Receivable, Gross, Consumer, Home Equity | ' | 85 |
1-4 family residential | ' | 4,316 |
Loans and Leases Receivable, Gross, Consumer, Construction | ' | 218 |
Loans and Leases Receivable, Gross, Consumer, Revolving, Credit Card | ' | 23 |
Loans and Leases Receivable, Gross, Consumer, Other | ' | 3,211 |
Loans and Leases Receivable, Gross, Consumer | ' | 7,853 |
FDIC-supported loans | ' | 24,980 |
Loans and Leases Receivable, Gross | 700,374 | 696,548 |
Special Mention [Member] | Commercial [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Commercial and industrial | 303,598 | ' |
Leasing | 2,050 | ' |
Commercial Lending Loans - Owner Occupied | 184,328 | ' |
Loans and Leases Receivable, Gross, Commercial, Governments | 0 | ' |
Loans and Leases Receivable, Gross, Commercial | 489,976 | ' |
Special Mention [Member] | Construction And Land Development [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans Receivable Commercial Construction and Land Development | 15,010 | ' |
Special Mention [Member] | Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Term | 172,856 | ' |
Loans Receivable, Gross, Commercial, Real Estate | 187,866 | ' |
Special Mention [Member] | Consumer [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans and Leases Receivable, Gross, Consumer, Home Equity | 0 | ' |
1-4 family residential | 0 | ' |
Loans and Leases Receivable, Gross, Consumer, Construction | 0 | ' |
Loans and Leases Receivable, Gross, Consumer, Revolving, Credit Card | 0 | ' |
Loans and Leases Receivable, Gross, Consumer, Other | 0 | ' |
Loans and Leases Receivable, Gross, Consumer | 0 | ' |
Special Mention [Member] | F D I C Supported Loans [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
FDIC-supported loans | 22,532 | ' |
Sub-Standard [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Commercial and industrial | ' | 336,230 |
Leasing | ' | 2,805 |
Commercial Lending Loans - Owner Occupied | ' | 612,011 |
Loans and Leases Receivable, Gross, Commercial, Governments | ' | 9,234 |
Loans and Leases Receivable, Gross, Commercial | ' | 960,280 |
Loans Receivable Commercial Construction and Land Development | ' | 233,374 |
Term | ' | 388,914 |
Loans Receivable, Gross, Commercial, Real Estate | ' | 622,288 |
Loans and Leases Receivable, Gross, Consumer, Home Equity | ' | 38,897 |
1-4 family residential | ' | 111,063 |
Loans and Leases Receivable, Gross, Consumer, Construction | ' | 7,518 |
Loans and Leases Receivable, Gross, Consumer, Revolving, Credit Card | ' | 7,740 |
Loans and Leases Receivable, Gross, Consumer, Other | ' | 3,875 |
Loans and Leases Receivable, Gross, Consumer | ' | 169,093 |
FDIC-supported loans | ' | 175,652 |
Loans and Leases Receivable, Gross | 1,323,955 | 1,927,313 |
Sub-Standard [Member] | Commercial [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Commercial and industrial | 360,391 | ' |
Leasing | 5,611 | ' |
Commercial Lending Loans - Owner Occupied | 425,403 | ' |
Loans and Leases Receivable, Gross, Commercial, Governments | 9,986 | ' |
Loans and Leases Receivable, Gross, Commercial | 801,391 | ' |
Sub-Standard [Member] | Construction And Land Development [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans Receivable Commercial Construction and Land Development | 59,983 | ' |
Sub-Standard [Member] | Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Term | 263,509 | ' |
Loans Receivable, Gross, Commercial, Real Estate | 323,492 | ' |
Sub-Standard [Member] | Consumer [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans and Leases Receivable, Gross, Consumer, Home Equity | 21,645 | ' |
1-4 family residential | 67,824 | ' |
Loans and Leases Receivable, Gross, Consumer, Construction | 11,041 | ' |
Loans and Leases Receivable, Gross, Consumer, Revolving, Credit Card | 2,622 | ' |
Loans and Leases Receivable, Gross, Consumer, Other | 1,094 | ' |
Loans and Leases Receivable, Gross, Consumer | 104,226 | ' |
Sub-Standard [Member] | F D I C Supported Loans [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
FDIC-supported loans | 94,846 | ' |
Doubtful [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Commercial and industrial | ' | 4,476 |
Leasing | ' | 0 |
Commercial Lending Loans - Owner Occupied | ' | 4,609 |
Loans and Leases Receivable, Gross, Commercial, Governments | ' | 0 |
Loans and Leases Receivable, Gross, Commercial | ' | 9,085 |
Loans Receivable Commercial Construction and Land Development | ' | 476 |
Term | ' | 2,915 |
Loans Receivable, Gross, Commercial, Real Estate | ' | 3,391 |
Loans and Leases Receivable, Gross, Consumer, Home Equity | ' | 5 |
1-4 family residential | ' | 524 |
Loans and Leases Receivable, Gross, Consumer, Construction | ' | 0 |
Loans and Leases Receivable, Gross, Consumer, Revolving, Credit Card | ' | 0 |
Loans and Leases Receivable, Gross, Consumer, Other | ' | 0 |
Loans and Leases Receivable, Gross, Consumer | ' | 529 |
FDIC-supported loans | ' | 0 |
Loans and Leases Receivable, Gross | 9,269 | 13,005 |
Doubtful [Member] | Commercial [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Commercial and industrial | 9,269 | ' |
Leasing | 0 | ' |
Commercial Lending Loans - Owner Occupied | 0 | ' |
Loans and Leases Receivable, Gross, Commercial, Governments | 0 | ' |
Loans and Leases Receivable, Gross, Commercial | 9,269 | ' |
Doubtful [Member] | Construction And Land Development [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans Receivable Commercial Construction and Land Development | 0 | ' |
Doubtful [Member] | Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Term | 0 | ' |
Loans Receivable, Gross, Commercial, Real Estate | 0 | ' |
Doubtful [Member] | Consumer [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans and Leases Receivable, Gross, Consumer, Home Equity | 0 | ' |
1-4 family residential | 0 | ' |
Loans and Leases Receivable, Gross, Consumer, Construction | 0 | ' |
Loans and Leases Receivable, Gross, Consumer, Revolving, Credit Card | 0 | ' |
Loans and Leases Receivable, Gross, Consumer, Other | 0 | ' |
Loans and Leases Receivable, Gross, Consumer | 0 | ' |
Doubtful [Member] | F D I C Supported Loans [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
FDIC-supported loans | 0 | ' |
Total Allowance [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans and Leases Receivable, Gross, Commercial | ' | 510,908 |
Loans Receivable, Gross, Commercial, Real Estate | ' | 276,976 |
Loans and Leases Receivable, Gross, Consumer | ' | 95,656 |
FDIC-supported loans | ' | 12,547 |
Loans and Leases Receivable, Gross | 746,291 | 896,087 |
Total Allowance [Member] | Commercial [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans and Leases Receivable, Gross, Commercial | 465,145 | ' |
Total Allowance [Member] | Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans Receivable, Gross, Commercial, Real Estate | 213,363 | ' |
Total Allowance [Member] | Consumer [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans and Leases Receivable, Gross, Consumer | 60,865 | ' |
Total Allowance [Member] | F D I C Supported Loans [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
FDIC-supported loans | $6,918 | ' |
Loans_And_Allowance_For_Credit9
Loans And Allowance For Credit Losses (Summary Of Information On Impaired Loans) (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Average Recorded Investment | $1,329,095 | $1,889,661 |
Impaired Financing Receivable, Recorded Investment | 924,553 | 1,325,838 |
Impaired Financing Receivable, Related Allowance | 66,206 | 77,089 |
Impaired Financing Receivable, Interest Income, Accrual Method | 132,087 | 109,932 |
Impaired Financing Receivable, Unpaid Principal Balance | 1,109,953 | 1,908,339 |
Commercial And Industrial [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Average Recorded Investment | 185,895 | 199,238 |
Impaired Financing Receivable, Recorded Investment | 156,784 | 146,815 |
Impaired Financing Receivable, Related Allowance | 23,687 | 12,198 |
Impaired Financing Receivable, Interest Income, Accrual Method | 3,572 | 3,557 |
Impaired Financing Receivable, Unpaid Principal Balance | 178,281 | 176,521 |
Owner Occupied [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Average Recorded Investment | 216,218 | 262,511 |
Impaired Financing Receivable, Recorded Investment | 138,945 | 185,695 |
Impaired Financing Receivable, Related Allowance | 13,900 | 17,105 |
Impaired Financing Receivable, Interest Income, Accrual Method | 3,620 | 2,512 |
Impaired Financing Receivable, Unpaid Principal Balance | 151,499 | 210,319 |
Commercial Portfolio Segment [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Average Recorded Investment | 402,113 | 461,749 |
Impaired Financing Receivable, Recorded Investment | 295,729 | 332,510 |
Impaired Financing Receivable, Related Allowance | 37,587 | 29,303 |
Impaired Financing Receivable, Interest Income, Accrual Method | 7,192 | 6,069 |
Impaired Financing Receivable, Unpaid Principal Balance | 329,780 | 386,840 |
Construction And Land Development [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Average Recorded Investment | 134,540 | 274,226 |
Impaired Financing Receivable, Recorded Investment | 69,950 | 153,096 |
Impaired Financing Receivable, Related Allowance | 3,483 | 5,178 |
Impaired Financing Receivable, Interest Income, Accrual Method | 4,013 | 4,785 |
Impaired Financing Receivable, Unpaid Principal Balance | 85,440 | 182,385 |
Term [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Average Recorded Investment | 286,389 | 410,901 |
Impaired Financing Receivable, Recorded Investment | 146,588 | 257,830 |
Impaired Financing Receivable, Related Allowance | 7,981 | 16,725 |
Impaired Financing Receivable, Interest Income, Accrual Method | 6,686 | 7,298 |
Impaired Financing Receivable, Unpaid Principal Balance | 171,826 | 310,242 |
Commercial Real Estate Portfolio Segment [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Average Recorded Investment | 420,929 | 685,127 |
Impaired Financing Receivable, Recorded Investment | 216,538 | 410,926 |
Impaired Financing Receivable, Related Allowance | 11,464 | 21,903 |
Impaired Financing Receivable, Interest Income, Accrual Method | 10,699 | 12,083 |
Impaired Financing Receivable, Unpaid Principal Balance | 257,266 | 492,627 |
Home Equity Line of Credit [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Average Recorded Investment | 13,380 | 2,766 |
Impaired Financing Receivable, Recorded Investment | 14,768 | 11,499 |
Impaired Financing Receivable, Related Allowance | 178 | 297 |
Impaired Financing Receivable, Interest Income, Accrual Method | 385 | 42 |
Impaired Financing Receivable, Unpaid Principal Balance | 17,547 | 14,339 |
One Through Four Family Residential [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Average Recorded Investment | 100,283 | 107,118 |
Impaired Financing Receivable, Recorded Investment | 80,907 | 92,469 |
Impaired Financing Receivable, Related Allowance | 10,276 | 12,921 |
Impaired Financing Receivable, Interest Income, Accrual Method | 1,581 | 1,629 |
Impaired Financing Receivable, Unpaid Principal Balance | 95,613 | 108,934 |
Construction And Other Consumer Real Estate [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Average Recorded Investment | 6,218 | 9,697 |
Impaired Financing Receivable, Recorded Investment | 3,576 | 5,795 |
Impaired Financing Receivable, Related Allowance | 175 | 517 |
Impaired Financing Receivable, Interest Income, Accrual Method | 148 | 188 |
Impaired Financing Receivable, Unpaid Principal Balance | 4,713 | 7,054 |
Bankcard And Other Revolving Plans [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Average Recorded Investment | 0 | 24 |
Impaired Financing Receivable, Recorded Investment | 726 | 287 |
Impaired Financing Receivable, Related Allowance | 0 | 1 |
Impaired Financing Receivable, Interest Income, Accrual Method | 0 | 0 |
Impaired Financing Receivable, Unpaid Principal Balance | 726 | 287 |
Consumer Other Financing Receivable [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Average Recorded Investment | 1,770 | 1,055 |
Impaired Financing Receivable, Recorded Investment | 0 | 2,007 |
Impaired Financing Receivable, Related Allowance | 0 | 22 |
Impaired Financing Receivable, Interest Income, Accrual Method | 0 | 0 |
Impaired Financing Receivable, Unpaid Principal Balance | 0 | 2,454 |
Consumer Portfolio Segment [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Average Recorded Investment | 121,651 | 120,660 |
Impaired Financing Receivable, Recorded Investment | 99,977 | 112,057 |
Impaired Financing Receivable, Related Allowance | 10,629 | 13,758 |
Impaired Financing Receivable, Interest Income, Accrual Method | 2,114 | 1,859 |
Impaired Financing Receivable, Unpaid Principal Balance | 118,599 | 133,068 |
FDIC-Supported Loans [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Average Recorded Investment | 384,402 | 622,125 |
Impaired Financing Receivable, Recorded Investment | 312,309 | 470,345 |
Impaired Financing Receivable, Related Allowance | 6,526 | 12,125 |
Impaired Financing Receivable, Interest Income, Accrual Method | 112,082 | 89,921 |
Impaired Financing Receivable, Unpaid Principal Balance | 404,308 | 895,804 |
Impaired Financing Receivable Recorded Investment With an Allowance [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | 652,007 | 751,045 |
Impaired Financing Receivable Recorded Investment With an Allowance [Member] | Commercial And Industrial [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | 126,692 | 119,780 |
Impaired Financing Receivable Recorded Investment With an Allowance [Member] | Owner Occupied [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | 88,584 | 106,282 |
Impaired Financing Receivable Recorded Investment With an Allowance [Member] | Commercial Portfolio Segment [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | 215,276 | 226,062 |
Impaired Financing Receivable Recorded Investment With an Allowance [Member] | Construction And Land Development [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | 50,744 | 85,855 |
Impaired Financing Receivable Recorded Investment With an Allowance [Member] | Term [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | 112,330 | 187,112 |
Impaired Financing Receivable Recorded Investment With an Allowance [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | 163,074 | 272,967 |
Impaired Financing Receivable Recorded Investment With an Allowance [Member] | Home Equity Line of Credit [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | 2,200 | 3,444 |
Impaired Financing Receivable Recorded Investment With an Allowance [Member] | One Through Four Family Residential [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | 42,132 | 49,867 |
Impaired Financing Receivable Recorded Investment With an Allowance [Member] | Construction And Other Consumer Real Estate [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | 933 | 3,085 |
Impaired Financing Receivable Recorded Investment With an Allowance [Member] | Bankcard And Other Revolving Plans [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | 0 | 287 |
Impaired Financing Receivable Recorded Investment With an Allowance [Member] | Consumer Other Financing Receivable [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | 0 | 175 |
Impaired Financing Receivable Recorded Investment With an Allowance [Member] | Consumer Portfolio Segment [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | 45,265 | 56,858 |
Impaired Financing Receivable Recorded Investment With an Allowance [Member] | FDIC-Supported Loans [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | 228,392 | 195,158 |
Impaired Financing Receivable Recorded Investment With No Allowance [Member] [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | ' | 574,793 |
Impaired Financing Receivable Recorded Investment With No Allowance [Member] [Member] | Commercial And Industrial [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | ' | 27,035 |
Impaired Financing Receivable Recorded Investment With No Allowance [Member] [Member] | Owner Occupied [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | ' | 79,413 |
Impaired Financing Receivable Recorded Investment With No Allowance [Member] [Member] | Commercial Portfolio Segment [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | ' | 106,448 |
Impaired Financing Receivable Recorded Investment With No Allowance [Member] [Member] | Construction And Land Development [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | ' | 67,241 |
Impaired Financing Receivable Recorded Investment With No Allowance [Member] [Member] | Term [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | ' | 70,718 |
Impaired Financing Receivable Recorded Investment With No Allowance [Member] [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | ' | 137,959 |
Impaired Financing Receivable Recorded Investment With No Allowance [Member] [Member] | Home Equity Line of Credit [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | ' | 8,055 |
Impaired Financing Receivable Recorded Investment With No Allowance [Member] [Member] | One Through Four Family Residential [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | ' | 42,602 |
Impaired Financing Receivable Recorded Investment With No Allowance [Member] [Member] | Construction And Other Consumer Real Estate [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | ' | 2,710 |
Impaired Financing Receivable Recorded Investment With No Allowance [Member] [Member] | Bankcard And Other Revolving Plans [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | ' | 0 |
Impaired Financing Receivable Recorded Investment With No Allowance [Member] [Member] | Consumer Other Financing Receivable [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | ' | 1,832 |
Impaired Financing Receivable Recorded Investment With No Allowance [Member] [Member] | Consumer Portfolio Segment [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | ' | 55,199 |
Impaired Financing Receivable Recorded Investment With No Allowance [Member] [Member] | FDIC-Supported Loans [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | ' | 275,187 |
Impaired Financing Receivable Recorded Investment With No Allowance [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | 272,546 | ' |
Impaired Financing Receivable Recorded Investment With No Allowance [Member] | Commercial And Industrial [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | 30,092 | ' |
Impaired Financing Receivable Recorded Investment With No Allowance [Member] | Owner Occupied [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | 50,361 | ' |
Impaired Financing Receivable Recorded Investment With No Allowance [Member] | Commercial Portfolio Segment [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | 80,453 | ' |
Impaired Financing Receivable Recorded Investment With No Allowance [Member] | Construction And Land Development [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | 19,206 | ' |
Impaired Financing Receivable Recorded Investment With No Allowance [Member] | Term [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | 34,258 | ' |
Impaired Financing Receivable Recorded Investment With No Allowance [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | 53,464 | ' |
Impaired Financing Receivable Recorded Investment With No Allowance [Member] | Home Equity Line of Credit [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | 12,568 | ' |
Impaired Financing Receivable Recorded Investment With No Allowance [Member] | One Through Four Family Residential [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | 38,775 | ' |
Impaired Financing Receivable Recorded Investment With No Allowance [Member] | Construction And Other Consumer Real Estate [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | 2,643 | ' |
Impaired Financing Receivable Recorded Investment With No Allowance [Member] | Bankcard And Other Revolving Plans [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | 726 | ' |
Impaired Financing Receivable Recorded Investment With No Allowance [Member] | Consumer Other Financing Receivable [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | 0 | ' |
Impaired Financing Receivable Recorded Investment With No Allowance [Member] | Consumer Portfolio Segment [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | 54,712 | ' |
Impaired Financing Receivable Recorded Investment With No Allowance [Member] | FDIC-Supported Loans [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | $83,917 | ' |
Recovered_Sheet1
Loans And Allowance For Credit Losses (Summary Of Selected Information On TDRs That Includes Recorded Investment On An Accruing And Nonaccruing Basis By Loan Class And Modification Type) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | ||
In Thousands, unless otherwise specified | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Loans and Leases Receivable, Gross, Consumer, Revolving, Credit Card | $356,240 | $306,428 | ||
Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 345,299 | 407,026 | ||
Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 481,434 | 622,502 | ||
Commercial And Industrial [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 83,124 | 77,443 | ||
Commercial And Industrial [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 28,833 | 25,879 | ||
Owner Occupied [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 59,836 | 59,983 | ||
Owner Occupied [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 32,554 | 29,439 | ||
Commercial Portfolio Segment [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 142,960 | 137,426 | ||
Commercial Portfolio Segment [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 61,387 | 55,318 | ||
Construction And Land Development [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 42,775 | 50,327 | ||
Construction And Land Development [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 27,174 | 89,851 | ||
Term [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 96,712 | 159,323 | ||
Term [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 19,245 | 33,330 | ||
Commercial Real Estate Portfolio Segment [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 139,487 | 209,650 | ||
Commercial Real Estate Portfolio Segment [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 46,419 | 123,181 | ||
Home Equity Credit Line [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 10,836 | 7,227 | ||
Home Equity Credit Line [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 1,257 | 4,282 | ||
One Through Four Family Residential [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 50,034 | 49,577 | ||
One Through Four Family Residential [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 25,327 | 30,315 | ||
Construction And Other Consumer Real Estate [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 1,982 | 3,142 | ||
Construction And Other Consumer Real Estate [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 1,493 | 1,921 | ||
Revolving Credit Facility [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Loans and Leases Receivable, Gross, Consumer, Revolving, Credit Card | 252 | 287 | ||
Consumer Other Financing Receivable [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 0 | 4 | ||
Consumer Other Financing Receivable [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 28,329 | 36,977 | ||
Consumer Portfolio Segment [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Loans and Leases Receivable, Gross, Consumer, Revolving, Credit Card | 356,240 | ' | ||
Consumer Portfolio Segment [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 62,852 | 59,950 | ||
Consumer Portfolio Segment [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 136,135 | 215,476 | ||
Other Recorded Investment Resulting From Following Modification [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 36,424 | [1] | 71,947 | [1] |
Other Recorded Investment Resulting From Following Modification [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 65,594 | [1] | 94,645 | [1] |
Other Recorded Investment Resulting From Following Modification [Member] | Commercial And Industrial [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 4,308 | [1] | 17,647 | [1] |
Other Recorded Investment Resulting From Following Modification [Member] | Commercial And Industrial [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 8,948 | [1] | 2,035 | [1] |
Other Recorded Investment Resulting From Following Modification [Member] | Owner Occupied [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 9,659 | [1] | 9,305 | [1] |
Other Recorded Investment Resulting From Following Modification [Member] | Owner Occupied [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 10,482 | [1] | 7,643 | [1] |
Other Recorded Investment Resulting From Following Modification [Member] | Commercial Portfolio Segment [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 13,967 | [1] | 26,952 | [1] |
Other Recorded Investment Resulting From Following Modification [Member] | Commercial Portfolio Segment [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 19,430 | [1] | 9,678 | [1] |
Other Recorded Investment Resulting From Following Modification [Member] | Construction And Land Development [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 4,119 | [1] | 8,432 | [1] |
Other Recorded Investment Resulting From Following Modification [Member] | Construction And Land Development [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 5,303 | [1] | 1,807 | [1] |
Other Recorded Investment Resulting From Following Modification [Member] | Term [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 14,932 | [1] | 32,302 | [1] |
Other Recorded Investment Resulting From Following Modification [Member] | Term [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 315 | [1] | 9,389 | [1] |
Other Recorded Investment Resulting From Following Modification [Member] | Commercial Real Estate Portfolio Segment [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 19,051 | [1] | 40,734 | [1] |
Other Recorded Investment Resulting From Following Modification [Member] | Commercial Real Estate Portfolio Segment [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 5,618 | [1] | 11,196 | [1] |
Other Recorded Investment Resulting From Following Modification [Member] | Home Equity Credit Line [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 323 | [1] | 300 | [1] |
Other Recorded Investment Resulting From Following Modification [Member] | Home Equity Credit Line [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 221 | [1] | 131 | [1] |
Other Recorded Investment Resulting From Following Modification [Member] | One Through Four Family Residential [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 3,083 | [1] | 3,319 | [1] |
Other Recorded Investment Resulting From Following Modification [Member] | One Through Four Family Residential [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 3,901 | [1] | 1,693 | [1] |
Other Recorded Investment Resulting From Following Modification [Member] | Construction And Other Consumer Real Estate [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 0 | [1] | 641 | [1] |
Other Recorded Investment Resulting From Following Modification [Member] | Construction And Other Consumer Real Estate [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 0 | [1] | 0 | [1] |
Other Recorded Investment Resulting From Following Modification [Member] | Revolving Credit Facility [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Loans and Leases Receivable, Gross, Consumer, Revolving, Credit Card | 0 | [1] | 0 | [1] |
Other Recorded Investment Resulting From Following Modification [Member] | Consumer Other Financing Receivable [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 0 | [1] | 1 | [1] |
Other Recorded Investment Resulting From Following Modification [Member] | Consumer Other Financing Receivable [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 4,122 | [1] | 1,824 | [1] |
Other Recorded Investment Resulting From Following Modification [Member] | Consumer Portfolio Segment [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 3,406 | [1] | 4,261 | [1] |
Other Recorded Investment Resulting From Following Modification [Member] | Consumer Portfolio Segment [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 29,170 | [1] | 22,698 | [1] |
Multiple Modification Types [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 203,727 | [2] | 210,110 | [2] |
Multiple Modification Types [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 266,865 | [2] | 336,117 | [2] |
Multiple Modification Types [Member] | Commercial And Industrial [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 53,117 | [2] | 44,684 | [2] |
Multiple Modification Types [Member] | Commercial And Industrial [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 10,395 | [2] | 17,379 | [2] |
Multiple Modification Types [Member] | Owner Occupied [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 23,576 | [2] | 13,598 | [2] |
Multiple Modification Types [Member] | Owner Occupied [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 14,927 | [2] | 7,803 | [2] |
Multiple Modification Types [Member] | Commercial Portfolio Segment [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 76,693 | [2] | 58,282 | [2] |
Multiple Modification Types [Member] | Commercial Portfolio Segment [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 25,322 | [2] | 25,182 | [2] |
Multiple Modification Types [Member] | Construction And Land Development [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 28,295 | [2] | 30,248 | [2] |
Multiple Modification Types [Member] | Construction And Land Development [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 8,617 | [2] | 68,481 | [2] |
Multiple Modification Types [Member] | Term [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 61,024 | [2] | 82,809 | [2] |
Multiple Modification Types [Member] | Term [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 14,861 | [2] | 17,718 | [2] |
Multiple Modification Types [Member] | Commercial Real Estate Portfolio Segment [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 89,319 | [2] | 113,057 | [2] |
Multiple Modification Types [Member] | Commercial Real Estate Portfolio Segment [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 23,478 | [2] | 86,199 | [2] |
Multiple Modification Types [Member] | Home Equity Credit Line [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 332 | [2] | 218 | [2] |
Multiple Modification Types [Member] | Home Equity Credit Line [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 0 | [2] | 143 | [2] |
Multiple Modification Types [Member] | One Through Four Family Residential [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 35,869 | [2] | 36,199 | [2] |
Multiple Modification Types [Member] | One Through Four Family Residential [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 14,109 | [2] | 14,240 | [2] |
Multiple Modification Types [Member] | Construction And Other Consumer Real Estate [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 1,514 | [2] | 2,354 | [2] |
Multiple Modification Types [Member] | Construction And Other Consumer Real Estate [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 229 | [2] | 243 | [2] |
Multiple Modification Types [Member] | Revolving Credit Facility [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Loans and Leases Receivable, Gross, Consumer, Revolving, Credit Card | 0 | [2] | 0 | [2] |
Multiple Modification Types [Member] | Consumer Other Financing Receivable [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 0 | [2] | 0 | [2] |
Multiple Modification Types [Member] | Consumer Other Financing Receivable [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 14,338 | [2] | 14,626 | [2] |
Multiple Modification Types [Member] | Consumer Portfolio Segment [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 37,715 | [2] | 38,771 | [2] |
Multiple Modification Types [Member] | Consumer Portfolio Segment [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 63,138 | [2] | 126,007 | [2] |
Interest Rate Below Market [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 36,092 | 61,743 | ||
Interest Rate Below Market [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 59,284 | 91,884 | ||
Interest Rate Below Market [Member] | Commercial And Industrial [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 1,143 | 5,388 | ||
Interest Rate Below Market [Member] | Commercial And Industrial [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 2,028 | 318 | ||
Interest Rate Below Market [Member] | Owner Occupied [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 22,841 | 20,963 | ||
Interest Rate Below Market [Member] | Owner Occupied [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 3,020 | 3,822 | ||
Interest Rate Below Market [Member] | Commercial Portfolio Segment [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 23,984 | 26,351 | ||
Interest Rate Below Market [Member] | Commercial Portfolio Segment [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 5,048 | 4,140 | ||
Interest Rate Below Market [Member] | Construction And Land Development [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 1,067 | 1,718 | ||
Interest Rate Below Market [Member] | Construction And Land Development [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 11,699 | 18,255 | ||
Interest Rate Below Market [Member] | Term [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 7,542 | 30,118 | ||
Interest Rate Below Market [Member] | Term [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 2,126 | 3,042 | ||
Interest Rate Below Market [Member] | Commercial Real Estate Portfolio Segment [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 8,609 | 31,836 | ||
Interest Rate Below Market [Member] | Commercial Real Estate Portfolio Segment [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 13,825 | 21,297 | ||
Interest Rate Below Market [Member] | Home Equity Credit Line [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 743 | 744 | ||
Interest Rate Below Market [Member] | Home Equity Credit Line [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||
Interest Rate Below Market [Member] | One Through Four Family Residential [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 2,628 | 2,665 | ||
Interest Rate Below Market [Member] | One Through Four Family Residential [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 4,315 | 4,697 | ||
Interest Rate Below Market [Member] | Construction And Other Consumer Real Estate [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 128 | 147 | ||
Interest Rate Below Market [Member] | Construction And Other Consumer Real Estate [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 4 | 7 | ||
Interest Rate Below Market [Member] | Revolving Credit Facility [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Loans and Leases Receivable, Gross, Consumer, Revolving, Credit Card | 0 | 0 | ||
Interest Rate Below Market [Member] | Consumer Other Financing Receivable [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||
Interest Rate Below Market [Member] | Consumer Other Financing Receivable [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 4,319 | 4,704 | ||
Interest Rate Below Market [Member] | Consumer Portfolio Segment [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 3,499 | 3,556 | ||
Interest Rate Below Market [Member] | Consumer Portfolio Segment [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 23,192 | 30,141 | ||
Maturity Or Team Extension [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 30,128 | 31,292 | ||
Maturity Or Team Extension [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 43,069 | 51,214 | ||
Maturity Or Team Extension [Member] | Commercial And Industrial [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 9,848 | 6,139 | ||
Maturity Or Team Extension [Member] | Commercial And Industrial [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 6,989 | 5,667 | ||
Maturity Or Team Extension [Member] | Owner Occupied [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 1,482 | 12,104 | ||
Maturity Or Team Extension [Member] | Owner Occupied [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 1,489 | 4,816 | ||
Maturity Or Team Extension [Member] | Commercial Portfolio Segment [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 11,330 | 18,243 | ||
Maturity Or Team Extension [Member] | Commercial Portfolio Segment [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 8,478 | 10,483 | ||
Maturity Or Team Extension [Member] | Construction And Land Development [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 8,231 | 9,868 | ||
Maturity Or Team Extension [Member] | Construction And Land Development [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 1,555 | 1,308 | ||
Maturity Or Team Extension [Member] | Term [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 9,241 | 1,854 | ||
Maturity Or Team Extension [Member] | Term [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 0 | 536 | ||
Maturity Or Team Extension [Member] | Commercial Real Estate Portfolio Segment [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 17,472 | 11,722 | ||
Maturity Or Team Extension [Member] | Commercial Real Estate Portfolio Segment [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 1,555 | 1,844 | ||
Maturity Or Team Extension [Member] | Home Equity Credit Line [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||
Maturity Or Team Extension [Member] | Home Equity Credit Line [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||
Maturity Or Team Extension [Member] | One Through Four Family Residential [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 997 | 1,324 | ||
Maturity Or Team Extension [Member] | One Through Four Family Residential [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 1,396 | 5,637 | ||
Maturity Or Team Extension [Member] | Construction And Other Consumer Real Estate [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 329 | 0 | ||
Maturity Or Team Extension [Member] | Construction And Other Consumer Real Estate [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 1,260 | 1,671 | ||
Maturity Or Team Extension [Member] | Revolving Credit Facility [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Loans and Leases Receivable, Gross, Consumer, Revolving, Credit Card | 252 | 287 | ||
Maturity Or Team Extension [Member] | Consumer Other Financing Receivable [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 0 | 3 | ||
Maturity Or Team Extension [Member] | Consumer Other Financing Receivable [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 2,908 | 7,595 | ||
Maturity Or Team Extension [Member] | Consumer Portfolio Segment [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 1,326 | 1,327 | ||
Maturity Or Team Extension [Member] | Consumer Portfolio Segment [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 12,941 | 19,922 | ||
Principal Forgiveness [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 28,931 | 20,323 | ||
Principal Forgiveness [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 32,616 | 29,033 | ||
Principal Forgiveness [Member] | Commercial And Industrial [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 11,491 | 0 | ||
Principal Forgiveness [Member] | Commercial And Industrial [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||
Principal Forgiveness [Member] | Owner Occupied [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 987 | 0 | ||
Principal Forgiveness [Member] | Owner Occupied [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 1,043 | 654 | ||
Principal Forgiveness [Member] | Commercial Portfolio Segment [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 12,478 | 0 | ||
Principal Forgiveness [Member] | Commercial Portfolio Segment [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 1,043 | 654 | ||
Principal Forgiveness [Member] | Construction And Land Development [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 0 | 2 | ||
Principal Forgiveness [Member] | Construction And Land Development [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||
Principal Forgiveness [Member] | Term [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 190 | 8,433 | ||
Principal Forgiveness [Member] | Term [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||
Principal Forgiveness [Member] | Commercial Real Estate Portfolio Segment [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 190 | 8,435 | ||
Principal Forgiveness [Member] | Commercial Real Estate Portfolio Segment [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||
Principal Forgiveness [Member] | Home Equity Credit Line [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 9,438 | 5,965 | ||
Principal Forgiveness [Member] | Home Equity Credit Line [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 1,036 | 4,008 | ||
Principal Forgiveness [Member] | One Through Four Family Residential [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 6,814 | 5,923 | ||
Principal Forgiveness [Member] | One Through Four Family Residential [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 1,606 | 4,048 | ||
Principal Forgiveness [Member] | Construction And Other Consumer Real Estate [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 11 | 0 | ||
Principal Forgiveness [Member] | Construction And Other Consumer Real Estate [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||
Principal Forgiveness [Member] | Revolving Credit Facility [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Loans and Leases Receivable, Gross, Consumer, Revolving, Credit Card | 0 | 0 | ||
Principal Forgiveness [Member] | Consumer Other Financing Receivable [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||
Principal Forgiveness [Member] | Consumer Other Financing Receivable [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 2,642 | 8,056 | ||
Principal Forgiveness [Member] | Consumer Portfolio Segment [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 16,263 | 11,888 | ||
Principal Forgiveness [Member] | Consumer Portfolio Segment [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 3,685 | 8,710 | ||
Payment Deferral [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 9,997 | 11,611 | ||
Payment Deferral [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 14,006 | 19,609 | ||
Payment Deferral [Member] | Commercial And Industrial [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 3,217 | 3,585 | ||
Payment Deferral [Member] | Commercial And Industrial [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 473 | 480 | ||
Payment Deferral [Member] | Owner Occupied [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 1,291 | 4,013 | ||
Payment Deferral [Member] | Owner Occupied [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 1,593 | 4,701 | ||
Payment Deferral [Member] | Commercial Portfolio Segment [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 4,508 | 7,598 | ||
Payment Deferral [Member] | Commercial Portfolio Segment [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 2,066 | 5,181 | ||
Payment Deferral [Member] | Construction And Land Development [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 1,063 | 59 | ||
Payment Deferral [Member] | Construction And Land Development [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||
Payment Deferral [Member] | Term [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 3,783 | 3,807 | ||
Payment Deferral [Member] | Term [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 1,943 | 2,645 | ||
Payment Deferral [Member] | Commercial Real Estate Portfolio Segment [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 4,846 | 3,866 | ||
Payment Deferral [Member] | Commercial Real Estate Portfolio Segment [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 1,943 | 2,645 | ||
Payment Deferral [Member] | Home Equity Credit Line [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||
Payment Deferral [Member] | Home Equity Credit Line [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||
Payment Deferral [Member] | One Through Four Family Residential [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 643 | 147 | ||
Payment Deferral [Member] | One Through Four Family Residential [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||
Payment Deferral [Member] | Construction And Other Consumer Real Estate [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||
Payment Deferral [Member] | Construction And Other Consumer Real Estate [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||
Payment Deferral [Member] | Revolving Credit Facility [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Loans and Leases Receivable, Gross, Consumer, Revolving, Credit Card | 0 | 0 | ||
Payment Deferral [Member] | Consumer Other Financing Receivable [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||
Payment Deferral [Member] | Consumer Other Financing Receivable [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 0 | 172 | ||
Payment Deferral [Member] | Consumer Portfolio Segment [Member] | Accruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 643 | 147 | ||
Payment Deferral [Member] | Consumer Portfolio Segment [Member] | Nonaccruing [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 4,009 | 7,998 | ||
Nonaccruing [Member] | Consumer Other Financing Receivable [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 0 | 172 | ||
Nonaccruing [Member] | Other Recorded Investment Resulting From Following Modification [Member] | Consumer Other Financing Receivable [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 0 | [1] | 0 | [1] |
Nonaccruing [Member] | Multiple Modification Types [Member] | Consumer Other Financing Receivable [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 0 | [2] | 0 | [2] |
Nonaccruing [Member] | Interest Rate Below Market [Member] | Consumer Other Financing Receivable [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||
Nonaccruing [Member] | Maturity Or Team Extension [Member] | Consumer Other Financing Receivable [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||
Nonaccruing [Member] | Principal Forgiveness [Member] | Consumer Other Financing Receivable [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||
Nonaccruing [Member] | Payment Deferral [Member] | Consumer Other Financing Receivable [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | $0 | $172 | ||
[1] | Includes TDRs that resulted from other modification types including, but not limited to, a legal judgment awarded on different terms, a bankruptcy plan confirmed on different terms, a settlement that includes the delivery of collateral in exchange for debt reduction, etc. | |||
[2] | Includes TDRs that resulted from a combination of any of the previous modification types. |
Recovered_Sheet2
Loans And Allowance For Credit Losses (Summary Of Net Financial Impact On Interest Income Due To Interest Rate Modifications Below Market For Accruing TDR Loans) (Details) (USD $) | 12 Months Ended | |||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Net financial impact on interest income | ($30,457) | [1] | ($26,556) | [1] |
Commercial Loan [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Net financial impact on interest income | -4,673 | -1,899 | ||
Commercial Real Estate [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Net financial impact on interest income | -10,250 | -7,733 | ||
Home Equity Credit Line [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Net financial impact on interest income | -121 | -86 | ||
Consumer [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Net financial impact on interest income | -15,534 | -16,924 | ||
Commercial And Industrial [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Net financial impact on interest income | -1 | -287 | ||
Owner Occupied [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Net financial impact on interest income | -4,672 | -1,612 | ||
Construction And Land Development [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Net financial impact on interest income | -1,342 | -1,069 | ||
Term [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Net financial impact on interest income | -8,908 | -6,664 | ||
1-4 Family Residential [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Net financial impact on interest income | -14,980 | -16,164 | ||
Construction And Other Consumer Real Estate [Member] | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ||
Net financial impact on interest income | ($433) | ($674) | ||
[1] | Calculated based on the difference between the modified rate and the premodified rate applied to the recorded investment. |
Recovered_Sheet3
Loans And Allowance For Credit Losses (Schedule Of Investment Of Accruing And Nonaccruing Loans Modified As Troubled Debt Restructurings) (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | $5,040 | $11,075 |
Accruing [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 159 |
Nonaccruing [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 5,040 | 10,916 |
Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 1,676 | 0 |
Commercial Real Estate [Member] | Accruing [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 0 |
Commercial Real Estate [Member] | Nonaccruing [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 1,676 | 0 |
Home Equity Credit Line [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 342 | 336 |
Home Equity Credit Line [Member] | Accruing [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 0 |
Home Equity Credit Line [Member] | Nonaccruing [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 342 | 336 |
Commercial And Industrial [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 1,816 |
Commercial And Industrial [Member] | Accruing [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 0 |
Commercial And Industrial [Member] | Nonaccruing [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 1,816 |
Owner Occupied [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 430 | 838 |
Owner Occupied [Member] | Accruing [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 159 |
Owner Occupied [Member] | Nonaccruing [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 430 | 679 |
Commercial Loan [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 430 | 2,654 |
Commercial Loan [Member] | Accruing [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 159 |
Commercial Loan [Member] | Nonaccruing [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 430 | 2,495 |
Construction And Land Development [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 1,676 | 0 |
Construction And Land Development [Member] | Accruing [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 0 |
Construction And Land Development [Member] | Nonaccruing [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 1,676 | 0 |
Term [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 0 |
Term [Member] | Accruing [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 0 |
Term [Member] | Nonaccruing [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 0 |
1-4 Family Residential [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 2,592 | 8,085 |
1-4 Family Residential [Member] | Accruing [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 0 |
1-4 Family Residential [Member] | Nonaccruing [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 2,592 | 8,085 |
Consumer Loan [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 2,934 | 8,421 |
Consumer Loan [Member] | Accruing [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 0 |
Consumer Loan [Member] | Nonaccruing [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | $2,934 | $8,421 |
Recovered_Sheet4
Loans And Allowance For Credit Losses (Schedule Of Outstanding Balances Of All Required Payments And The Related Carrying Amounts For PCI Loans) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Loans And Allowance For Credit Losses [Abstract] | ' | ' |
Commercial | $150,191 | $227,414 |
Commercial real estate | 233,720 | 382,068 |
Consumer | 28,608 | 41,398 |
Outstanding balance | 412,519 | 650,880 |
Carrying amount | 311,797 | 472,040 |
ALLL | 6,478 | 12,077 |
Carrying amount, net | $305,319 | $459,963 |
Recovered_Sheet5
Loans And Allowance For Credit Losses (Schedule Of Changes In The Accretable Yield For PCI Loans) (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Changes in Accretable Yield [Roll Forward] | ' | ' |
Balance at beginning of period | $134,461 | $184,679 |
Accretion | -111,951 | -89,849 |
Reclassification from nonaccretable difference | 36,467 | 30,632 |
Disposals and other | 18,551 | 8,999 |
Balance at end of period | $77,528 | $134,461 |
Recovered_Sheet6
Loans And Allowance For Credit Losses (Schedule Of Changes In The FDIC Indemnification Asset) (Details) (USD $) | 12 Months Ended | ||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||
Loans And Allowance For Credit Losses [Abstract] | ' | ' | ' | ||
FDIC Indemnification Asset | $26,411 | $90,929 | $133,810 | ||
FDIC Indemnification Asset [Roll Forward] | ' | ' | ' | ||
Amounts filed with the FDIC and collected or in process | 21,302 | 17,004 | ' | ||
Net change in asset balance due to reestimation of projected cash flows | ($85,820) | [1] | ($59,885) | [1] | ' |
[1] | 1B Negative amounts result from the accretion of loan balances based on increases in cash flow estimates on the underlying indemnified loans. |
Derivative_Instruments_And_Hed2
Derivative Instruments And Hedging Activities (Narrative) (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Derivative [Line Items] | ' | ' | ' |
Other Comprehensvie Income Loss Reclassification Adjustment From AOCI on Derivative Instruments, Gross | ' | $2,600,000 | $13,100,000 |
Derivatives designated for hedges of investments in foreign operations | ' | 0 | ' |
Losses on derivative instruments as a result of counterparty nonperformance | ' | 0 | ' |
Derivative Liability, Fair Value, Gross Liability | ' | 68,400,000 | ' |
Fair values of derivative assets reduced (increased) by net credit valuation adjustments | ' | 1,600,000 | 3,100,000 |
Fair values of derivative liabilities reduced (increased) by net credit valuation adjustments | ' | -2,400,000 | -200,000 |
Cash collateral used to offset fair value amount under master neeting arrangements | ' | 0 | 0 |
Notional Amount of Derivatives | ' | ' | 9,500,000,000 |
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | 1,000,000 | ' | ' |
Notional amount of bank CDO securities credit risk assumed | ' | 1,160,000,000 | ' |
Notional amount of bank and insurance trust preferred CDOs | ' | 4,979,378,000 | 4,536,509,000 |
Cash collateral pledged for derivative liabilities | ' | 34,900,000 | ' |
Additional collateral that would be required to be pledge if credit rating was downgraded by one notch | ' | 1,500,000 | ' |
Payment resulting from the termination of the interest rate swaps with Deutsche Bank | ' | 0 | ' |
Total Return Swap [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Expected net quarterly costs | ' | $5,400,000 | ' |
Derivative_Instruments_And_Hed3
Derivative Instruments And Hedging Activities (Schedule Of Notional Amounts And Recorded Gross Fair Values And Related Gain (Loss) Of Derivative Instruments) (Details) (USD $) | 12 Months Ended | |||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | ||
Derivative [Line Items] | ' | ' | ||
Total derivatives, Notional amount | $4,979,378 | $4,536,509 | ||
Derivatives hedging instruments, liabilities | 68,400 | ' | ||
Amount of derivative gain (loss), recognized in OCI | -225 | 390 | ||
Amount of derivative gain (loss), Reclassified from AOCI to interest income | 2,647 | 13,062 | ||
Derivatives instruments, Noninterest income (expense) | -2,136 | -6,683 | ||
Derivatives designated as hedging instruments, Offset to interest expense | 3,120 | 3,054 | ||
Other Assets [Member] | ' | ' | ||
Derivative [Line Items] | ' | ' | ||
Derivatives hedging instruments, assets | 65,683 | 86,214 | ||
Other Liabilities [Member] | ' | ' | ||
Derivative [Line Items] | ' | ' | ||
Derivatives hedging instruments, liabilities | 68,397 | 92,259 | ||
Derivatives Designated As Hedging Instruments [Member] | ' | ' | ||
Derivative [Line Items] | ' | ' | ||
Total derivatives, Notional amount | 100,000 | 150,000 | ||
Amount of derivative gain (loss), recognized in OCI | -225 | 390 | ||
Amount of derivative gain (loss), Reclassified from AOCI to interest income | 2,647 | 13,062 | ||
Derivatives designated as hedging instruments, Offset to interest expense | 3,120 | 3,054 | ||
Derivatives Designated As Hedging Instruments [Member] | Cash Flow Hedges [Member] | ' | ' | ||
Derivative [Line Items] | ' | ' | ||
Amount of derivative gain (loss), recognized in OCI | -225 | 390 | ||
Amount of derivative gain (loss), Reclassified from AOCI to interest income | 2,647 | 13,062 | [1] | |
Derivatives Designated As Hedging Instruments [Member] | Other Assets [Member] | ' | ' | ||
Derivative [Line Items] | ' | ' | ||
Derivatives hedging instruments, assets | 202 | 1,188 | ||
Derivatives Designated As Hedging Instruments [Member] | Other Liabilities [Member] | ' | ' | ||
Derivative [Line Items] | ' | ' | ||
Derivatives hedging instruments, liabilities | 583 | 0 | ||
Derivatives Designated As Hedging Instruments [Member] | Interest Rate Swaps [Member] | Cash Flow Hedges [Member] | ' | ' | ||
Derivative [Line Items] | ' | ' | ||
Total derivatives, Notional amount | 100,000 | [2] | 150,000 | [2] |
Amount of derivative gain (loss), recognized in OCI | -225 | [2] | 390 | |
Amount of derivative gain (loss), Reclassified from AOCI to interest income | 2,647 | [2] | 13,062 | |
Derivatives Designated As Hedging Instruments [Member] | Interest Rate Swaps [Member] | Other Assets [Member] | Cash Flow Hedges [Member] | ' | ' | ||
Derivative [Line Items] | ' | ' | ||
Derivatives hedging instruments, assets | 202 | [2] | 1,188 | [2] |
Derivatives Designated As Hedging Instruments [Member] | Interest Rate Swaps [Member] | Other Liabilities [Member] | Cash Flow Hedges [Member] | ' | ' | ||
Derivative [Line Items] | ' | ' | ||
Derivatives hedging instruments, liabilities | 583 | [2] | 0 | [2] |
Derivatives Designated As Hedging Instruments [Member] | Interest Rate Floors [Member] | Cash Flow Hedges [Member] | ' | ' | ||
Derivative [Line Items] | ' | ' | ||
Amount of derivative gain (loss), recognized in OCI | 0 | 0 | ||
Amount of derivative gain (loss), Reclassified from AOCI to interest income | 0 | [2] | 0 | [2] |
Derivatives Designated As Hedging Instruments [Member] | Terminated Swaps On Long-Term Debt [Member] | Fair Value Hedges [Member] | ' | ' | ||
Derivative [Line Items] | ' | ' | ||
Derivatives designated as hedging instruments, Offset to interest expense | 3,120 | 3,054 | ||
Derivatives Not Designated As Hedging Instruments [Member] | ' | ' | ||
Derivative [Line Items] | ' | ' | ||
Total derivatives, Notional amount | 4,879,378 | 4,386,509 | ||
Derivatives instruments, Noninterest income (expense) | -2,136 | -6,683 | ||
Derivatives Not Designated As Hedging Instruments [Member] | Other Assets [Member] | ' | ' | ||
Derivative [Line Items] | ' | ' | ||
Derivatives hedging instruments, assets | 65,481 | 85,026 | ||
Derivatives Not Designated As Hedging Instruments [Member] | Other Liabilities [Member] | ' | ' | ||
Derivative [Line Items] | ' | ' | ||
Derivatives hedging instruments, liabilities | 67,814 | 92,259 | ||
Derivatives Not Designated As Hedging Instruments [Member] | Interest Rate Swaps [Member] | ' | ' | ||
Derivative [Line Items] | ' | ' | ||
Total derivatives, Notional amount | 65,850 | 98,524 | ||
Derivatives instruments, Noninterest income (expense) | -493 | -1,467 | ||
Derivatives Not Designated As Hedging Instruments [Member] | Interest Rate Swaps [Member] | Other Assets [Member] | ' | ' | ||
Derivative [Line Items] | ' | ' | ||
Derivatives hedging instruments, assets | 420 | 1,043 | ||
Derivatives Not Designated As Hedging Instruments [Member] | Interest Rate Swaps [Member] | Other Liabilities [Member] | ' | ' | ||
Derivative [Line Items] | ' | ' | ||
Derivatives hedging instruments, liabilities | 421 | 1,047 | ||
Derivatives Not Designated As Hedging Instruments [Member] | Interest Rate Swaps For Customers [Member] | ' | ' | ||
Derivative [Line Items] | ' | ' | ||
Total derivatives, Notional amount | 2,902,776 | [3] | 2,607,603 | [3] |
Derivatives instruments, Noninterest income (expense) | 10,918 | [3] | 7,858 | |
Derivatives Not Designated As Hedging Instruments [Member] | Interest Rate Swaps For Customers [Member] | Other Assets [Member] | ' | ' | ||
Derivative [Line Items] | ' | ' | ||
Derivatives hedging instruments, assets | 55,447 | [3] | 79,579 | [3] |
Derivatives Not Designated As Hedging Instruments [Member] | Interest Rate Swaps For Customers [Member] | Other Liabilities [Member] | ' | ' | ||
Derivative [Line Items] | ' | ' | ||
Derivatives hedging instruments, liabilities | 54,688 | [3] | 82,926 | [3] |
Derivatives Not Designated As Hedging Instruments [Member] | Basis Swaps [Member] | ' | ' | ||
Derivative [Line Items] | ' | ' | ||
Derivatives instruments, Noninterest income (expense) | 0 | 18 | ||
Derivatives Not Designated As Hedging Instruments [Member] | Futures Contracts [Member] | ' | ' | ||
Derivative [Line Items] | ' | ' | ||
Derivatives instruments, Noninterest income (expense) | 2 | -13 | ||
Derivatives Not Designated As Hedging Instruments [Member] | Foreign Exchange [Member] | ' | ' | ||
Derivative [Line Items] | ' | ' | ||
Total derivatives, Notional amount | 751,066 | 520,696 | ||
Derivatives instruments, Noninterest income (expense) | 9,190 | 8,628 | ||
Derivatives Not Designated As Hedging Instruments [Member] | Foreign Exchange [Member] | Other Assets [Member] | ' | ' | ||
Derivative [Line Items] | ' | ' | ||
Derivatives hedging instruments, assets | 9,614 | 4,404 | ||
Derivatives Not Designated As Hedging Instruments [Member] | Foreign Exchange [Member] | Other Liabilities [Member] | ' | ' | ||
Derivative [Line Items] | ' | ' | ||
Derivatives hedging instruments, liabilities | 8,643 | 3,159 | ||
Derivatives Not Designated As Hedging Instruments [Member] | Total Return Swap [Member] | ' | ' | ||
Derivative [Line Items] | ' | ' | ||
Total derivatives, Notional amount | 1,159,686 | 1,159,686 | ||
Derivatives instruments, Noninterest income (expense) | -21,753 | -21,707 | ||
Derivatives Not Designated As Hedging Instruments [Member] | Total Return Swap [Member] | Other Assets [Member] | ' | ' | ||
Derivative [Line Items] | ' | ' | ||
Derivatives hedging instruments, assets | 0 | 0 | ||
Derivatives Not Designated As Hedging Instruments [Member] | Total Return Swap [Member] | Other Liabilities [Member] | ' | ' | ||
Derivative [Line Items] | ' | ' | ||
Derivatives hedging instruments, liabilities | $4,062 | $5,127 | ||
[1] | Amounts of $2.6 million for 2013 and $13.1 million for 2012 are the amounts of reclassification to earnings presented in the tabular changes of AOCI in Note 14. | |||
[2] | Amounts recognized in OCI and reclassified from AOCI represent the effective portion of the derivative gain (loss). | |||
[3] | Amounts include both the customer swaps and the offsetting derivative contracts. |
Premises_and_Equipment_Details
Premises and Equipment (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment [Line Items] | ' | ' |
Land | $185,119 | $184,762 |
Investment Building and Building Improvements | 509,151 | 497,449 |
Fixtures and Equipment, Gross | 664,556 | 622,170 |
Leasehold Improvements, Gross | 129,056 | 121,953 |
Property, Plant and Equipment, Gross | 1,487,882 | 1,426,334 |
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | 761,510 | 717,452 |
Premises and equipment, net | $726,372 | $708,882 |
Goodwill_And_Other_Intangible_2
Goodwill And Other Intangible Assets Goodwill and Other Intangible Assets (Narative) (Details) (USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2013 |
Goodwill [Line Items] | ' |
Goodwill, Impairment Loss | $0 |
Bank Susidiaries except The Commerce Bank of Oregon [Member] | ' |
Goodwill [Line Items] | ' |
Goodwill, Impairment Loss | 0 |
The Commerce Bank Of Oregon [Member] | ' |
Goodwill [Line Items] | ' |
Goodwill, Impairment Loss | $1,000 |
Goodwill_And_Other_Intangible_3
Goodwill And Other Intangible Assets (Amortizing Intangible Assets) (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Gross carrying amount | $209,354 | $209,354 |
Accumulated amortization | 172,910 | 158,536 |
Net carrying amount | 36,444 | 50,818 |
Goodwill impairment | 0 | ' |
Core Deposit Intangibles [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Gross carrying amount | 180,290 | 180,290 |
Accumulated amortization | 146,557 | 133,628 |
Net carrying amount | 33,733 | 46,662 |
Customer Relationships And Other Intangibles [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Gross carrying amount | 29,064 | 29,064 |
Accumulated amortization | 26,353 | 24,908 |
Net carrying amount | $2,711 | $4,156 |
Goodwill_And_Other_Intangible_4
Goodwill And Other Intangible Assets (Schedule Of Estimated Amortization Expense) (Details) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Goodwill [Line Items] | ' |
2013 | $10,924 |
2014 | 9,247 |
2015 | 7,888 |
2016 | 6,370 |
2017 | $1,556 |
Goodwill_And_Other_Intangible_5
Goodwill And Other Intangible Assets (Schedule Of Goodwill) (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Goodwill [Line Items] | ' | ' |
Goodwill, Beginning Balance | $1,014,129 | $1,015,129 |
Impairment losses | 0 | ' |
Adjustment | ' | -1,000 |
Goodwill, Ending Balance | 1,014,129 | 1,014,129 |
Zions Bank [Member] | ' | ' |
Goodwill [Line Items] | ' | ' |
Goodwill, Beginning Balance | 19,514 | 19,514 |
Impairment losses | 0 | ' |
Adjustment | ' | 0 |
Goodwill, Ending Balance | 19,514 | 19,514 |
CB&T [Member] | ' | ' |
Goodwill [Line Items] | ' | ' |
Goodwill, Beginning Balance | 379,024 | 379,024 |
Impairment losses | 0 | ' |
Adjustment | ' | 0 |
Goodwill, Ending Balance | 379,024 | 379,024 |
Amegy [Member] | ' | ' |
Goodwill [Line Items] | ' | ' |
Goodwill, Beginning Balance | 615,591 | 615,591 |
Impairment losses | 0 | ' |
Adjustment | ' | 0 |
Goodwill, Ending Balance | 615,591 | 615,591 |
Other (Including ABS CDOs) [Member] | ' | ' |
Goodwill [Line Items] | ' | ' |
Goodwill, Beginning Balance | 0 | 1,000 |
Impairment losses | 0 | ' |
Adjustment | ' | -1,000 |
Goodwill, Ending Balance | $0 | $0 |
Deposits_Narrative_Details
Deposits (Narrative) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Deposits [Abstract] | ' | ' |
Contractual maturities, time deposits, $100,000 or more, domestic, less than 3 months [Abstract] [Abstract] | $351,000,000 | ' |
Contractual maturities, time deposits, $100,000 or more, domestic, between 3 and 6 months [Abstract] | 301,000,000 | ' |
Contractual maturities, time deposits, $100,000 or more, between 6 and 12 months [Abstract] | 374,000,000 | ' |
Contractual maturities, time deposits, $100,000 or more, after 12 months [Abstract] [Abstract] | 304,000,000 | ' |
Domestic time deposits under $100,000 | 1,300,000,000 | 1,500,000,000 |
Domestic time deposits $100,000 and over | 1,300,000,000 | 1,500,000,000 |
Foreign time deposits $100,000 and over | 252,000,000 | 213,000,000 |
Deposit overdrafts reclassified as loan balances | $39,000,000 | $78,000,000 |
Deposits_Scheduled_Maturities_
Deposits (Scheduled Maturities Of All Time Deposits) (Details) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Deposits [Abstract] | ' |
2014 | $2,216,605 |
2015 | 265,984 |
2016 | 161,620 |
2017 | 86,903 |
2018 | 113,534 |
Thereafter | 663 |
Time Deposits, total | $2,845,309 |
ShortTerm_Borrowings_Narrative
Short-Term Borrowings (Narrative) (Details) (USD $) | 0 Months Ended |
Dec. 31, 2013 | |
Short-term Debt [Line Items] | ' |
Number of maturity days of short-term borrowings, maximum | 30 |
Percentage of outstanding advance for unencumbered collateral | 100.00% |
Amount available for FHLB advances | $11,000,000,000 |
Short-term FHLB advances | 0 |
Example1 of term repurchase security agreement term | 30 |
Term repurchase securitiy agreement term example2 | 60 |
Amount available for federal reserve borrowings | $5,300,000,000 |
ShortTerm_Borrowings_Summary_O
Short-Term Borrowings (Summary Of Short-Term Borrowings) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Short-term Debt [Line Items] | ' | ' | ' |
Year-end balance | $266,742 | $320,478 | $608,098 |
Federal Funds Purchased [Member] | ' | ' | ' |
Short-term Debt [Line Items] | ' | ' | ' |
Average amount outstanding | 150,217 | 280,859 | 312,730 |
Weighted average rate | 0.15% | 0.19% | 0.20% |
Highest month-end balance | 206,450 | 560,674 | 361,217 |
Year-end balance | 129,131 | 175,468 | 214,224 |
Weighted average rate on outstandings at year-end | 0.14% | 0.13% | 0.20% |
Security Repurchase Agreements [Member] | ' | ' | ' |
Short-term Debt [Line Items] | ' | ' | ' |
Average amount outstanding | 124,929 | 190,365 | 340,015 |
Weighted average rate | 0.05% | 0.04% | 0.05% |
Highest month-end balance | 137,611 | 264,187 | 393,874 |
Year-end balance | $137,611 | $145,010 | $393,874 |
Weighted average rate on outstandings at year-end | 0.05% | 0.04% | 0.06% |
ShortTerm_Borrowings_Summary_O1
Short-Term Borrowings (Summary Of Other Short-Term Borrowings) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Short term senior medium term notes | $0 | $4,951 |
Commercial paper | 0 | 0 |
Other | 0 | 458 |
Other short-term borrowings | $0 | $5,409 |
LongTerm_Debt_Narrative_Detail
Long-Term Debt (Narrative) (Details) (USD $) | 0 Months Ended | 12 Months Ended | 0 Months Ended | 0 Months Ended | ||||||||||||||||||||
Share data in Millions, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | 3-May-13 | Jun. 21, 2012 | Sep. 16, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Sep. 15, 2023 | Dec. 31, 2013 | Dec. 15, 2013 | Nov. 15, 2018 | 15-May-14 | Dec. 31, 2013 |
Series C Preferred Stock [Member] | Parent Company [Member] | 4.00% | 4.50% | Senior Medium-Term Note two point five five percent to five point five zero percent [Member] | Senior medium-term notes, optional early redemptions as of December 31, 2012 [Member] | Senior medium-term notes, optional early redemptions in 2013 [Member] | Senior medium-term notes, optional early redemptions in 2014 [Member] | Senior medium-term notes, optional early redemptions in 2015 [Member] | Junior subordinated debentures payable to ZCTB and Stockmen's Trust II and III [Member] | Medium-term Notes [Member] | Subordinated Notes Interest Rate 6.95 Percent [Member] | Subordinated Notes Interest Rate 6.95 Percent [Member] | Subordinated Notes Interest Rate 6.95 Percent [Member] | Subordinated Notes Interest Rate 5.65 Percent [Member] | Subordinated Notes Interest Rate 5.65 Percent [Member] | Subordinated Notes Interest Rate 5.65 Percent [Member] | ||||||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
New interest rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '3mL+3.89% | ' | ' | '3mL+4.19% | ' | ' |
Interest payments begin | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15-Dec-13 | ' | 15-May-14 | ' |
Earliest possible redemption date | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15-Sep-23 | ' | ' | ' | 15-Nov-18 |
Remaining subordinated notes after exchanged, par value | $1,200,000,000 | ' | $1,200,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Redeemed or Called During Period, Value | ' | ' | 799,468,000 | -1,542,500,000 | ' | ' | ' | 800,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Subordinated debt converted to preferred stock | ' | ' | 1,210,000 | 89,564,000 | 256,109,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Reduction of interest expenses on debt, amortization amount | 3,800,000 | 7,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Senior medium-term notes | 1,454,779,000 | 1,325,630,000 | 1,454,779,000 | 1,325,630,000 | ' | ' | ' | ' | ' | 196,103,000 | 388,467,000 | 335,628,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Senior medium-term notes with early redemption option | 267,593,000 | ' | 267,593,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 135,305,000 | 93,899,000 | 27,281,000 | 11,108,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Subordinated debt repurchases from tender offer | ' | ' | 250,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Senior debt repurchases from tender offer | ' | ' | 258,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Trust Preferred Securities Rate, Redeemed | ' | ' | ' | ' | ' | 8.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Trust Preferred Securities, Shares Redeemed | ' | ' | ' | ' | ' | 11.4 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred Stock, Liquidation Preference, Value | ' | ' | ' | ' | ' | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred Stock, Liquidation Preference Per Share | $1,000 | ' | $1,000 | ' | ' | $25 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred Stock, Redemption Amount | ' | ' | ' | ' | ' | 285,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt extinguishment cost | ' | ' | 120,192,000 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Redemption Premium | ' | ' | -45,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Write off of unamortized debt discount and issuance costs | ' | ' | -74,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Variable rate senior medium-term notes guaranteed under the FDIC's Temporary Liquidity Guarantee Program | ' | ' | ' | ' | ' | ' | 254,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Federal home loan bank loan maturity range from | 1-Jun-14 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Federal home loan bank loan maturity range to | 1-Sep-41 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
FHLB advances interest rate, minimum | 2.81% | ' | 2.81% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
FHLB advances interest rate, maximum | 6.98% | ' | 6.98% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
FHLB advances weighted average interest rate on advances outstanding | 4.50% | 4.50% | 4.50% | 4.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term debt, Parent only maturities | $767,073,000 | ' | $767,073,000 | ' | ' | ' | ' | ' | $591,400,000 | ' | ' | ' | ' | ' | ' | ' | $15,500,000 | $575,900,000 | ' | ' | ' | ' | ' | ' |
LongTerm_Debt_Schedule_Of_Long
Long-Term Debt (Schedule Of Long-Term Debt) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Debt Instrument [Line Items] | ' | ' |
Junior subordinated debentures related to trust preferred securities | $168,043 | $461,858 |
Convertible subordinated notes | 184,147 | 308,468 |
Subordinated notes | 443,231 | 217,175 |
Senior medium-term notes | 1,454,779 | 1,325,630 |
FHLB advances | 22,736 | 23,300 |
Capital Lease Obligations | 639 | 682 |
Long-term debt, total | $2,273,575 | $2,337,113 |
LongTerm_Debt_Schedule_Of_Trus
Long-Term Debt (Schedule Of Trust Preferred Securities) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | ||||||||||||
In Thousands, unless otherwise specified | Amegy Trust I [Member] | Amegy Trust II [Member] | Amegy Trust III [Member] | Stockmen's Trust II [Member] | Stockmen's Trust III [Member] | Intercontinental Statutory Trust I [Member] | Effective Interest Rate [Member] | Effective Interest Rate [Member] | Effective Interest Rate [Member] | Effective Interest Rate [Member] | Effective Interest Rate [Member] | Effective Interest Rate [Member] | Contractual Interest Rate [Member] | Contractual Interest Rate [Member] | Contractual Interest Rate [Member] | Contractual Interest Rate [Member] | Contractual Interest Rate [Member] | Contractual Interest Rate [Member] | ||||||||||||||
Amegy Trust I [Member] | Amegy Trust II [Member] | Amegy Trust III [Member] | Stockmen's Trust II [Member] | Stockmen's Trust III [Member] | Intercontinental Statutory Trust I [Member] | Amegy Trust I [Member] | Amegy Trust II [Member] | Amegy Trust III [Member] | Stockmen's Trust II [Member] | Stockmen's Trust III [Member] | Intercontinental Statutory Trust I [Member] | |||||||||||||||||||||
Subordinated Borrowing [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Junior subordinated debentures related to trust preferred securities | $168,043 | $461,858 | $51,547 | $36,083 | $61,856 | $7,732 | $7,732 | $3,093 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Interest rate | ' | ' | ' | ' | ' | ' | ' | ' | 3.09% | [1] | 2.14% | [1] | 2.02% | [1] | 3.40% | [1] | 3.13% | [1] | 3.09% | [1] | ' | ' | ' | ' | ' | ' | ||||||
Stated/contractual Interest Rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '3mL+2.85% | [1] | '3mL+1.90% | [1] | '3mL+1.78% | [1] | '3mL+3.15% | [1] | '3mL+2.89% | [1] | '3mL+2.85% | [1] | ||||||
Maturity | ' | ' | 1-Dec-33 | 1-Oct-34 | 1-Dec-34 | 1-Mar-33 | 1-Mar-34 | 1-Mar-34 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
[1] | Designation of b3mLb is three-month LIBOR; effective interest rate at the beginning of the accrual period commencing on or before DecemberB 31, 2013 is shown in parenthesis. |
LongTerm_Debt_Schedule_Of_Subo
Long-Term Debt (Schedule Of Subordinated Notes) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | |
In Thousands, unless otherwise specified | 5.65% [Member] | 6.00% [Member] | 5.50% [Member] | Subordinated Notes Interest Rate 5.65 Percent [Member] | Subordinated Notes Interest Rate 6.95 Percent [Member] | 3mL+1.25% [Member] | |||
Subordinated Borrowing [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | |
Convertible subordinated notes, Balance | $184,147 | $308,468 | $70,218 | $60,107 | $53,822 | ' | ' | ' | |
Convertible subordinated notes, Par amount | 226,591 | ' | 75,704 | 79,292 | 71,595 | ' | ' | ' | |
Subordinated notes, Balance | 443,231 | 217,175 | 30,494 | 33,697 | 54,149 | 162,000 | 87,891 | 75,000 | [1],[2] |
Subordinated Notes Par Amount | $439,508 | ' | $30,173 | $32,366 | $52,078 | $162,000 | $87,891 | $75,000 | [1],[2] |
Subordinated notes, Maturity | ' | ' | 1-May-14 | 1-Sep-15 | 1-Nov-15 | 1-Nov-23 | 1-Sep-28 | 1-Sep-14 | [1],[2] |
[1] | Issued by Amegy. | ||||||||
[2] | Designation of b3mLb is three-month LIBOR; effective interest rate at the beginning of the accrual period commencing on or before DecemberB 31, 2013 is shown in parenthesis. |
LongTerm_Debt_Schedule_Of_Subo1
Long-Term Debt (Schedule Of Subordinated Debt Modification) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Debt Instrument [Line Items] | ' | ' | ' |
Balance at beginning of year | $149,333 | $224,206 | $385,831 |
Discount amortization on convertible subordinated debt | -48,378 | -43,341 | -46,021 |
Accelerated discount amortization on convertible subordinated debt | -368 | -31,532 | -115,604 |
Accelerated discount amortization resulting from tender offer for debt repurchases | -58,143 | 0 | 0 |
Total amortization | -106,889 | -74,873 | -161,625 |
Balance at end of year | $42,444 | $149,333 | $224,206 |
LongTerm_Debt_Schedule_Of_Seni
Long-Term Debt (Schedule Of Senior Medium-Term Notes) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | 4.00% | 7.75% | 4.50% | Senior Medium-Term Notes four point five zero percent with maturity of June 2023 [Member] | Senior Medium-Term Note two point five five percent to five point five zero percent [Member] | Senior Medium-Term Note two point five five percent to five point five zero percent [Member] | Senior Medium-Term Note two point five five percent to five point five zero percent [Member] | ||
Maximum [Member] | Minimum [Member] | ||||||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Senior medium-term notes | $1,454,779 | $1,325,630 | $196,103 | $235,382 | $388,467 | $299,199 | $335,628 | ' | ' |
Senior medium-term notes, Par amount | ' | ' | $198,448 | $240,769 | $400,000 | $300,000 | $335,881 | ' | ' |
Senior medium-term notes, Maturity | ' | ' | 'June 1, 2016 | 'September 1, 2014 | 'March 1, 2017 | 'June 1, 2023 | ' | 'November 1, 2019 | 'February 1, 2014 |
LongTerm_Debt_Schedule_Of_Matu
Long-Term Debt (Schedule Of Maturities On Long-Term Debt) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Debt Instrument [Line Items] | ' | ' |
2013 | $460,825 | ' |
2014 | 279,538 | ' |
2015 | 318,057 | ' |
2016 | 405,923 | ' |
2017 | 38,346 | ' |
Thereafter | 767,073 | ' |
Long-term debt, excluding associated hedges | 2,269,762 | ' |
Long-term debt (less fair value hedges) | 2,273,575 | 2,337,113 |
Parent Company [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
2013 | 385,771 | ' |
2014 | 279,482 | ' |
2015 | 318,004 | ' |
2016 | 405,865 | ' |
2017 | 38,285 | ' |
Thereafter | 591,400 | ' |
Long-term debt, excluding associated hedges | $2,018,807 | ' |
Shareholders_Equity_Narrative_
Shareholders' Equity (Narrative) (Details) (USD $) | 0 Months Ended | 1 Months Ended | 12 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | |||||||||||||||||
Sep. 16, 2013 | Jun. 03, 2013 | Jun. 30, 2009 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | 3-May-13 | Dec. 05, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Sep. 16, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Jun. 15, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 05, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Series A Preferred Stock [Member] | Series A Preferred Stock [Member] | Series C Preferred Stock [Member] | Series C Preferred Stock [Member] | Series C Preferred Stock [Member] | Series D Preferred Stock [Member] | Series E Preferred Stock [Member] | Series F Preferred Stock [Member] | Series F Preferred Stock [Member] | Series G Preferred Stock [Member] | Series G Preferred Stock [Member] | Preferred Stock [Member] | Preferred Stock [Member] | Retained Earnings [Member] | Retained Earnings [Member] | Warrant [Member] | Common Stock [Member] | Common Stock [Member] | Common Stock [Member] | ||||||||||
Schedule of Equity Method Investments [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Tax | ' | ' | ' | $144,343,000 | $93,213,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Liquidation preference of preferred stock (per share) | ' | ' | ' | $1,000 | ' | ' | ' | $25 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred stock, authorized shares | ' | ' | ' | 4,400,000 | 4,400,000 | ' | ' | ' | ' | 140,000,000 | ' | ' | ' | ' | ' | ' | 250,000,000 | ' | 200,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Variable dividend payment rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | '> of 4.0% or 3mL+0.52% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Carrying value, Preferred stock | ' | ' | ' | 1,003,970,000 | 1,128,302,000 | ' | ' | ' | ' | 66,127,000 | 60,220,000 | ' | 0 | 924,332,000 | ' | ' | 143,750,000 | 143,750,000 | 171,827,000 | 0 | ' | ' | ' | ' | ' | ' | ' | ' |
Price per share | ' | ' | ' | ' | ' | ' | ' | ' | $36.27 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fees And Commissions For Sale Of Preferred Stock | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred Stock, Dividend Rate, Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9.50% | ' | ' | ' | 7.90% | ' | 6.30% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Redemption Price, Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beneficial conversion feature of modified subordinated debt recorded in common stock | ' | ' | 203,000,000 | 206,000 | 15,232,000 | 43,139,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 76,400,000 | ' | ' |
Preferred stock redemption | ' | ' | ' | ' | ' | ' | ' | 285,000,000 | ' | ' | ' | ' | ' | ' | 1,400,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Issued During Period, Value, New Issues | ' | ' | ' | 784,318,000 | 141,342,000 | 25,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 800,000,000 | 143,750,000 | ' | ' | ' | -15,682,000 | -2,408,000 | 25,048,000 |
Stock Issued During Period, Shares, New Issues | ' | ' | ' | ' | ' | 1,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,067,540 |
Preferred Stock, Accretion of Redemption Discount | ' | ' | ' | 44,700,000 | 21,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock warrants issued to the U.S. Treasury | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,789,909 | ' | ' | ' |
Average price of common stock (per share) | ' | ' | ' | ' | ' | $23.89 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock value, net of commissions and fees | ' | ' | ' | ' | ' | 25,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Warrants sold | ' | ' | ' | ' | ' | ' | 29,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock issued for preferred stock redemption | ' | ' | ' | 799,468,000 | -1,542,500,000 | ' | ' | ' | ' | ' | ' | 800,000,000 | ' | ' | ' | 143,000,000 | ' | ' | ' | ' | 925,748,000 | -1,542,500,000 | -125,700,000 | -3,830,000 | ' | -580,000 | 3,830,000 | ' |
Stock Redeemed or Called During Period, Shares | 799,467 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share Price | ' | ' | ' | $36.63 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total invested assets of trusts | ' | ' | ' | 83,700,000 | 72,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total obligations of trusts | ' | ' | ' | 98,700,000 | 87,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax | ' | ' | ' | -861,000 | -5,063,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Tax | ' | ' | ' | 16,625,000 | 2,870,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred stock, liquidation preference per depositary share | ' | ' | ' | $25 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ownership percentage of depositary shares | ' | ' | ' | 2.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders | ' | 4,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common Stock Held in Trust | ' | ' | ' | $15,000,000 | $15,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shareholders_Equity_Summary_Of
Shareholders' Equity (Summary Of Preferred Stock) (Details) (USD $) | 0 Months Ended | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | |
Schedule of Equity Method Investments [Line Items] | ' | ' | ' |
Common Stock Held in Trust | $15,000,000 | $15,000,000 | $15,000,000 |
Preferred stock, authorized shares | 4,400,000 | 4,400,000 | 4,400,000 |
Carrying value, Preferred stock | 1,003,970,000 | 1,003,970,000 | 1,128,302,000 |
Series A Preferred Stock [Member] | ' | ' | ' |
Schedule of Equity Method Investments [Line Items] | ' | ' | ' |
Rate | ' | '> of 4.0% or 3mL+0.52% | ' |
Earliest redemption date | ' | 15-Dec-11 | ' |
Preferred stock, authorized shares | 140,000,000 | 140,000,000 | ' |
Outstanding Shares at December 31, 2012 | 66,000,000 | 66,000,000 | ' |
Carrying value, Preferred stock | 66,127,000 | 66,127,000 | 60,220,000 |
Series C Preferred Stock [Member] | ' | ' | ' |
Schedule of Equity Method Investments [Line Items] | ' | ' | ' |
Carrying value, Preferred stock | 0 | 0 | 924,332,000 |
Preferred Stock, Dividend Rate, Percentage | ' | 9.50% | ' |
Series F Preferred Stock [Member] | ' | ' | ' |
Schedule of Equity Method Investments [Line Items] | ' | ' | ' |
Earliest redemption date | ' | 15-Jun-17 | ' |
Preferred stock, authorized shares | 250,000,000 | 250,000,000 | ' |
Outstanding Shares at December 31, 2012 | 143,750,000 | 143,750,000 | ' |
Carrying value, Preferred stock | 143,750,000 | 143,750,000 | 143,750,000 |
Preferred Stock, Dividend Rate, Percentage | ' | 7.90% | ' |
Series G Preferred Stock [Member] | ' | ' | ' |
Schedule of Equity Method Investments [Line Items] | ' | ' | ' |
Interest rate following earliest redemption date | '3mL+4.24% | ' | ' |
Earliest redemption date | ' | 15-Mar-23 | ' |
Preferred stock, authorized shares | 200,000,000 | 200,000,000 | ' |
Outstanding Shares at December 31, 2012 | 171,827,000 | 171,827,000 | ' |
Carrying value, Preferred stock | 171,827,000 | 171,827,000 | 0 |
Preferred Stock, Dividend Rate, Percentage | ' | 6.30% | ' |
Series H Preferred Stock [Member] | ' | ' | ' |
Schedule of Equity Method Investments [Line Items] | ' | ' | ' |
Earliest redemption date | ' | 15-Jun-19 | ' |
Preferred stock, authorized shares | 126,221,000 | 126,221,000 | ' |
Outstanding Shares at December 31, 2012 | 126,221,000 | 126,221,000 | ' |
Carrying value, Preferred stock | 126,221,000 | 126,221,000 | 0 |
Preferred Stock, Dividend Rate, Percentage | ' | 5.75% | ' |
Series I Preferred Stock [Member] | ' | ' | ' |
Schedule of Equity Method Investments [Line Items] | ' | ' | ' |
Interest rate following earliest redemption date | '3mL+3.80% | ' | ' |
Earliest redemption date | ' | 15-Jun-23 | ' |
Preferred stock, authorized shares | 300,893,000 | 300,893,000 | ' |
Outstanding Shares at December 31, 2012 | 300,893,000 | 300,893,000 | ' |
Carrying value, Preferred stock | 300,893,000 | 300,893,000 | 0 |
Preferred Stock, Dividend Rate, Percentage | ' | 5.80% | ' |
Series J Preferred Stock [Member] | ' | ' | ' |
Schedule of Equity Method Investments [Line Items] | ' | ' | ' |
Interest rate following earliest redemption date | '3mL+4.44% | ' | ' |
Earliest redemption date | ' | 15-Sep-23 | ' |
Preferred stock, authorized shares | 195,152,000 | 195,152,000 | ' |
Outstanding Shares at December 31, 2012 | 195,152,000 | 195,152,000 | ' |
Carrying value, Preferred stock | $195,152,000 | $195,152,000 | $0 |
Preferred Stock, Dividend Rate, Percentage | ' | 7.20% | ' |
Shareholders_Equity_Summary_Of1
Shareholders' Equity (Summary Of Changes In Accumulated Other Comprehensive Income (Loss)) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Accumulated other comprehensive income [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss), Net of Tax | ($192,101) | ' | ' | ' | ($446,157) | ' | ' | ' | ($192,101) | ($446,157) | ($592,084) |
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Tax | ' | ' | ' | ' | ' | ' | ' | ' | 144,343 | 93,213 | ' |
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax | ' | ' | ' | ' | ' | ' | ' | ' | -861 | -5,063 | ' |
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Tax | ' | ' | ' | ' | ' | ' | ' | ' | 16,625 | 2,870 | ' |
Other Comprehensive Income (Loss), Tax | ' | ' | ' | ' | ' | ' | ' | ' | 160,107 | 91,020 | ' |
Other comprehensive income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | 254,056 | 145,927 | -130,788 |
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | ' | ' | ' | ' | ' | ' | ' | ' | 147,794 | 90,180 | ' |
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | ' | ' | ' | ' | ' | ' | ' | ' | 106,262 | 55,747 | ' |
Income Tax Expense (Benefit) | ' | ' | ' | ' | ' | ' | ' | ' | 142,977 | 193,416 | 198,583 |
Net earnings (loss) applicable to common shareholders | -59,437 | 209,707 | 55,385 | 88,324 | 35,605 | 62,322 | 55,215 | 25,489 | 293,979 | 178,631 | 153,390 |
Reclassification of amortization of net actuarial gains losses pension and post retirement from AOCI, gross | ' | ' | ' | ' | ' | ' | ' | ' | -8,127 | -8,983 | -5,149 |
Reclassification of amortization of prior service cost credit pension and postretirement from AOCI, gross | ' | ' | ' | ' | ' | ' | ' | ' | 27 | 120 | 120 |
Reclassification of pension and postretirement from accumulated other comprehensive income, tax | ' | ' | ' | ' | ' | ' | ' | ' | -3,194 | -3,497 | -1,979 |
Accumulated Net Unrealized Investment Gain (Loss) [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accumulated other comprehensive income [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss), Net of Tax | -167,032 | ' | ' | ' | -397,616 | ' | ' | ' | -167,032 | -397,616 | -546,763 |
Other comprehensive income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | 230,584 | 149,147 | ' |
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | ' | ' | ' | ' | ' | ' | ' | ' | 127,648 | 90,924 | ' |
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | ' | ' | ' | ' | ' | ' | ' | ' | 102,936 | 58,223 | 13,262 |
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accumulated other comprehensive income [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss), Net of Tax | -217 | ' | ' | ' | 1,794 | ' | ' | ' | -217 | 1,794 | 9,404 |
Other comprehensive income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | -2,011 | -7,610 | ' |
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | ' | ' | ' | ' | ' | ' | ' | ' | -431 | 232 | ' |
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | ' | ' | ' | ' | ' | ' | ' | ' | -1,580 | -7,842 | ' |
Net earnings (loss) applicable to common shareholders | ' | ' | ' | ' | ' | ' | ' | ' | 1,580 | 7,842 | 22,254 |
Accumulated Defined Benefit Plans Adjustment [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accumulated other comprehensive income [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss), Net of Tax | -24,852 | ' | ' | ' | -50,335 | ' | ' | ' | -24,852 | -50,335 | -54,725 |
Other comprehensive income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | 25,483 | 4,390 | ' |
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | ' | ' | ' | ' | ' | ' | ' | ' | 20,577 | -976 | ' |
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | ' | ' | ' | ' | ' | ' | ' | ' | 4,906 | 5,366 | 3,050 |
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Net Unrealized Investment Gain (Loss) [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accumulated other comprehensive income [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accretion Of Securities With Noncredit Related Impairment Losses | ' | ' | ' | ' | ' | ' | ' | ' | -2,106 | -11,351 | -665 |
Income Tax Expense (Benefit) | ' | ' | ' | ' | ' | ' | ' | ' | -64,829 | -40,156 | -12,670 |
Net earnings (loss) applicable to common shareholders | ' | ' | ' | ' | ' | ' | ' | ' | -99,903 | -63,564 | -20,244 |
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net | ' | ' | ' | ' | ' | ' | ' | ' | -164,732 | -103,720 | -32,914 |
Increase (Decrease) in Deferred Income Taxes | ' | ' | ' | ' | ' | ' | ' | ' | 848 | 4,488 | 255 |
Fixed income securities gain loss [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Net Unrealized Investment Gain (Loss) [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accumulated other comprehensive income [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gain (Loss) on Investments, Excluding Other than Temporary Impairments | ' | ' | ' | ' | ' | ' | ' | ' | -2,898 | 19,544 | 11,868 |
Income Tax Expense (Benefit) | ' | ' | ' | ' | ' | ' | ' | ' | -1,123 | 7,340 | 4,476 |
Net earnings (loss) applicable to common shareholders | ' | ' | ' | ' | ' | ' | ' | ' | -1,775 | 12,204 | 7,392 |
Interest Rate Contract [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accumulated other comprehensive income [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gain (Loss) on Derivative Instruments, Net, Pretax | ' | ' | ' | ' | ' | ' | ' | ' | 2,647 | 13,062 | 37,273 |
Income Tax Expense (Benefit) | ' | ' | ' | ' | ' | ' | ' | ' | $1,067 | $5,220 | $15,019 |
Income_Taxes_Narrative_Details
Income Taxes (Narrative) (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Investments, Owned, Federal Income Tax Note [Line Items] | ' | ' | ' |
Unrecognized Tax Benefits, Decreases Resulting from Prior Period Tax Positions | $0 | $11,337,000 | $0 |
Effective income tax rate reconciliation, at federal statutory income tax rate | 35.00% | ' | ' |
Deferred tax assets, valuation allowance | ' | 4,261,000 | ' |
Deferred tax assets net operating loss and tax credit carryforwards expiring through 2030 | 1,800,000 | ' | ' |
Year which tax effect of remaining net operating loss and tax credit carryforwards expire | '2030 | ' | ' |
Allocation of tax credit authority under community development financial institution fund | 100,000,000 | ' | ' |
Income tax expenses reduced resulting from tax credit | 600,000 | 1,200,000 | 2,400,000 |
Unrecognized tax benefits that would impact on effective tax rate | 1,600,000 | 1,600,000 | ' |
Gross unrecogized tax benefits that may decrease during the 12 subsequent months | 0 | ' | ' |
Income tax expense reduced by net amount including interest, due to lapses in statutes of limitations | 0 | 0 | -1,644,000 |
Accrued interest and penalties recognized net of federal and/or state tax benefits | 300,000 | 300,000 | ' |
Year thru which company is no longer subject to income tax examinations | '2007 | ' | ' |
Reduction of Income Tax Expense Due to Lapses in Statutes of Limitations [Member] | ' | ' | ' |
Investments, Owned, Federal Income Tax Note [Line Items] | ' | ' | ' |
Income tax expense reduced by net amount including interest, due to lapses in statutes of limitations | ' | $2,300,000 | $1,200,000 |
Income_Taxes_Schedule_Of_Incom
Income Taxes (Schedule Of Income Taxes (Benefit)) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income Taxes [Abstract] | ' | ' | ' |
Current Federal, Income taxes (benefit) | $173,418 | $185,404 | $62,810 |
Deferred Federal Income taxes (benefit) | -51,475 | -20,086 | 106,902 |
Federal Income taxes (benefit) total | 121,943 | 165,318 | 169,712 |
Current State, Income taxes (benefit) | 29,676 | -1,775 | 20,169 |
Deferred State, Income taxes (benefit) | -8,642 | 29,873 | 8,702 |
State Income taxes (benefit) total | 21,034 | 28,098 | 28,871 |
Income Tax Expense (Benefit), Total | $142,977 | $193,416 | $198,583 |
Income_Taxes_Schedule_Of_Statu
Income Taxes (Schedule Of Statutory Federal Income Tax Rate Reconciles To Actual Income Tax Expense (Benefit)) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income Taxes [Abstract] | ' | ' | ' |
Income tax expense (benefit) at statutory federal rate | $142,251 | $189,548 | $182,446 |
State income taxes, net | 13,672 | 18,264 | 18,766 |
Other nondeductible expenses | 2,574 | 11,291 | 24,361 |
Nontaxable income | -17,071 | -20,137 | -19,691 |
Tax credits and other taxes | -2,628 | -3,172 | -5,977 |
Other | 4,179 | -2,378 | -1,322 |
Income Tax Expense (Benefit), Total | $142,977 | $193,416 | $198,583 |
Income_Taxes_Schedule_Of_Tax_E
Income Taxes (Schedule Of Tax Effects Of Deferred Tax Assets And Deferred Tax Liabilities) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Income Taxes [Abstract] | ' | ' |
Gross deferred tax assets, Book loan loss deduction in excess of tax | $315,025 | $372,206 |
Gross deferred tax assets, Pension and postretirement | 16,380 | 33,105 |
Gross deferred tax assets, Deferred compensation | 85,846 | 79,921 |
Gross deferred tax assets, Other real estate owned | 7,099 | 16,306 |
Gross deferred tax assets, Security investments and derivative fair value adjustments | 155,900 | 247,770 |
Gross deferred tax assets, Net operating losses, capital losses and tax credits | 6,111 | 36,600 |
FDIC Supported Transactions | 10,488 | 0 |
Gross deferred tax assets, Other | 44,450 | 42,324 |
Gross deferred tax assets | 641,299 | 828,232 |
Gross deferred tax assets, Valuation allowance | ' | -4,261 |
Total deferred tax assets | 637,038 | 823,971 |
Gross deferred tax liabilities, Core deposits and purchase accounting | -13,556 | -24,185 |
Gross deferred tax liabilities, Premises and equipment, due to differences in depreciation | -13,014 | -16,258 |
Gross deferred tax liabilities, FHLB stock dividends | -12,668 | -13,423 |
Gross deferred tax liabilities, Leasing operations | -94,637 | -111,265 |
Gross deferred tax liabilities, Prepaid expenses | -8,909 | -7,057 |
Gross deferred tax liabilities, Prepaid pension reserves | -16,909 | -18,350 |
Gross deferred tax liabilities, Subordinated debt modification | -148,820 | -185,733 |
Gross deferred tax liabilities, Deferred loan fees | -21,591 | -21,209 |
Gross deferred tax liabilities, FDIC-supported transactions | 0 | -17,957 |
Gross deferred tax liabilities, Other | -2,553 | -2,929 |
Total deferred tax liabilities | -332,657 | -418,366 |
Net deferred tax assets | $304,381 | $405,605 |
Income_Taxes_Schedule_Of_Recon
Income Taxes (Schedule Of Reconciliation Of Gross Unrecognized Tax Benefits) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income Taxes [Abstract] | ' | ' | ' |
Balance at beginning of year | $2,385 | $13,722 | $15,366 |
Tax positions related to current year, Additions | 0 | 0 | 0 |
Tax positions related to current year, Reductions | 0 | 0 | 0 |
Tax positions related to prior years, Additions | 0 | 0 | 0 |
Tax positions related to prior years, Reductions | 0 | -11,337 | 0 |
Tax Adjustments, Settlements, and Unusual Provisions | 0 | 0 | 0 |
Lapses in statutes of limitations | 0 | 0 | -1,644 |
Balance at end of year | $2,385 | $2,385 | $13,722 |
Net_Earnings_Per_Common_Share_
Net Earnings Per Common Share (Basic And Diluted Net Earnings Per Common Share Based On The Weighted Average Outstanding Shares) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income (loss) applicable to controlling interest | ($41,472) | $111,514 | $83,026 | $110,723 | ' | ' | ' | ' | $263,791 | $349,516 | $323,804 |
Less common and preferred dividends, Basic | ' | ' | ' | ' | ' | ' | ' | ' | 6,094 | -178,277 | -177,775 |
Undistributed earnings (loss), Basic | ' | ' | ' | ' | ' | ' | ' | ' | 269,885 | 171,239 | 146,029 |
Less undistributed earnings applicable to nonvested restricted shares, Basic | ' | ' | ' | ' | ' | ' | ' | ' | 2,832 | 1,600 | 1,300 |
Undistributed earnings (loss) applicable to nonvested shares, Basic | ' | ' | ' | ' | ' | ' | ' | ' | 267,053 | 169,639 | 144,729 |
Distributed earnings applicable to common shares, Basic | ' | ' | ' | ' | ' | ' | ' | ' | 23,916 | 7,321 | 7,292 |
Net earnings (loss) applicable to common shareholders | ' | ' | ' | ' | ' | ' | ' | ' | 290,969 | 176,960 | 152,021 |
Weighted average common shares outstanding | ' | ' | ' | ' | ' | ' | ' | ' | 183,844 | 183,081 | 182,393 |
Net earnings (loss) per common share, Basic | ($0.32) | $1.13 | $0.30 | $0.48 | $0.19 | $0.34 | $0.30 | $0.14 | $1.58 | $0.97 | $0.83 |
Additional undistributed earnings allocated to incremental shares, Diluted | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 41 |
Diluted earnings (loss) applicable to common shares, Diluted | ' | ' | ' | ' | ' | ' | ' | ' | 290,969 | 176,960 | 152,062 |
Additional weighted average dilutive shares, Diluted | ' | ' | ' | ' | ' | ' | ' | ' | 453 | 155 | 212 |
Weighted average diluted common shares outstanding, Diluted | ' | ' | ' | ' | ' | ' | ' | ' | 184,297 | 183,236 | 182,605 |
Net earnings (loss) per common share, Diluted | ($0.32) | $1.12 | $0.30 | $0.48 | $0.19 | $0.34 | $0.30 | $0.14 | $1.58 | $0.97 | $0.83 |
Stock Redeemed or Called During Period, Value | ' | ' | ' | ' | ' | ' | ' | ' | 799,468 | -1,542,500 | ' |
Retained Earnings [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Redeemed or Called During Period, Value | ' | ' | ' | ' | ' | ' | ' | ' | ($125,700) | ($3,830) | ' |
ShareBased_Compensation_Narrat
Share-Based Compensation (Narrative) (Details) (USD $) | 0 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | |||||||||||||||
In Millions, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Mar. 31, 2013 | Mar. 15, 2013 | Dec. 15, 2012 | Sep. 30, 2012 | Jan. 15, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
The Commerce Bank Of Oregon [Member] | Maximum [Member] | Minimum [Member] | Director [Member] | Director [Member] | Director [Member] | Director [Member] | |||||||||||||
The Commerce Bank Of Oregon [Member] | The Commerce Bank Of Oregon [Member] | ||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restricted Stock expected to vest | 400,124 | ' | ' | 400,124 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restricted Stock Units expected to vest | 1,146,807 | ' | ' | 1,146,807 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share Based Compensation Restricted Stock Awards Aggregate Intrinsic Value | $12 | ' | ' | $12 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share Based Compensation Restricted Stock Units Aggregate Intrinsic Value | 34.4 | ' | ' | 34.4 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Exercise Price | $24.38 | ' | ' | $24.38 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Remaining Contractual Term | '5 years 9 months 18 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value | 9.7 | ' | ' | 9.7 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restricted Stock Units Outstanding | 1,522,038 | 822,753 | 146,165 | 1,522,038 | 822,753 | 146,165 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted Average Grant Price of Restricted Stock Forfeited | ' | ' | ' | $20.13 | $20.22 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price | $35.54 | $38.87 | $43.06 | $35.54 | $38.87 | $43.06 | $47.37 | ' | ' | ' | ' | ' | ' | $20.58 | $17.85 | ' | ' | ' | ' |
Common stock, outstanding shares | 184,677,696 | 184,199,198 | ' | 184,677,696 | 184,199,198 | ' | ' | ' | ' | ' | ' | ' | 1,038,000 | ' | ' | ' | ' | ' | ' |
Stock Options without a fixed expiration date | 21,250 | ' | ' | 21,250 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Granted Salary Share Units - Share Settled | ' | ' | ' | ' | 456,275 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total shares authorized under stock option and incentive plan | 19,500,000 | ' | ' | 19,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of shares available for future grants of stock options or restricted stock | 5,696,668 | ' | ' | 5,696,668 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Compensation expense not yet recognized for nonvested share-based awards | 25.2 | ' | ' | 25.2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Nonvested share-based awards, expected weighted average period to be recognized, years | '2 years 4 months 24 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Employee Service Share-based Compensation, Tax Benefit Realized from Exercise of Stock Options | ' | ' | ' | 0.3 | 2.8 | 2.8 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total intrinsic value of stock options exercised | ' | ' | ' | 4 | 0.7 | 0.4 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash received from the exercise of stock options | ' | ' | ' | 9.8 | 1.9 | 0.6 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Aggregate intrinsic value of outstanding stock options | 23.6 | 5.4 | ' | 23.6 | 5.4 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Aggregate intrinsic value of exercisable options | 13.7 | 3.2 | ' | 13.7 | 3.2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Outstanding stock options, Weighted average remaining contractual life (years) | '2 years 1 month 6 days | '2 years 7 months 6 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number | 1,729,543 | ' | ' | 1,729,543 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | 5,874,590 | 5,962,325 | 5,933,870 | 5,874,590 | 5,962,325 | 5,933,870 | 6,369,239 | ' | ' | ' | ' | ' | 44,100 | ' | ' | ' | ' | ' | ' |
Total fair value of restricted stock vesting | ' | ' | ' | 13.1 | 15.5 | 17.6 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted average issue price | $24.55 | $17.57 | $23.43 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total fair value granted | ' | ' | ' | 13.1 | 15.5 | 17.6 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Granted Salary Share Units Cash Settled | ' | ' | ' | ' | ' | 297,620 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Settled Salary Share Units - Cash Settled | ' | ' | ' | ' | ' | ' | ' | 231,061 | ' | 125,070 | 225,214 | 172,550 | ' | ' | ' | ' | ' | ' | ' |
Cash Paid for Salary Share Units | ' | ' | ' | ' | ' | ' | ' | ' | $5.70 | $2.70 | $4.50 | $3.20 | ' | ' | ' | ' | ' | ' | ' |
Stock Issued During Period, Shares, Restricted Stock Award, Gross | ' | ' | ' | 56,774 | 87,480 | 616,234 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 17,444 | 25,536 | 26,433 |
Restricted Stock Units Granted | ' | ' | ' | 949,418 | 726,779 | ' | 146,165 | ' | ' | ' | ' | ' | ' | ' | ' | 7,296 | 4,984 | ' | ' |
Weighted Average Grant Price of Restricted Stock Units Granted | ' | ' | ' | $25.99 | $18.29 | $23.69 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restricted Stock Units Vested | ' | ' | ' | -160,580 | -34,885 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted Average Grant Price of Restricted Stock Units Vested | ' | ' | ' | $20.17 | $22.46 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
ShareBased_Compensation_Compen
Share-Based Compensation (Compensation Expense And Related Tax Benefit For All Share-Based Awards) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Share-based Compensation [Abstract] | ' | ' | ' |
Compensation expense | $28,052 | $31,533 | $29,019 |
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense | $9,123 | $10,724 | $9,768 |
ShareBased_Compensation_Weight
Share-Based Compensation (Weighted Average Of Fair Value And Significant Assumptions Used In Applying Black-Scholes Model For Options Granted) (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Share-based Compensation [Abstract] | ' | ' | ' |
Weighted average of fair value for options granted | $6.79 | $4.88 | $5.78 |
Expected dividend yield | 1.30% | 1.50% | 1.00% |
Expected volatility | 32.50% | 35.00% | 30.00% |
Risk-free interest rate | 0.78% | 0.67% | 1.46% |
Expected life (in years) | '4 years 6 months | '4 years 6 months | '4 years 6 months |
ShareBased_Compensation_Summar
Share-Based Compensation (Summary Of Stock Option Activity) (Details) (USD $) | 0 Months Ended | 12 Months Ended | ||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Balance, Number of shares | ' | ' | ' | 5,962,325 | 5,933,870 | 6,369,239 |
Balance, Weighted average exercise price | ' | ' | ' | $38.87 | $43.06 | $47.37 |
Granted, Number of shares | ' | ' | ' | 1,047,781 | 867,968 | 800,057 |
Granted, Weighted average exercise price | $27.41 | $18.87 | $23.46 | ' | ' | ' |
Exercised, Number of shares | ' | ' | ' | 488,479 | 129,616 | 46,749 |
Exercised, Weighted average exercise price | $20.11 | $14.64 | $13.60 | ' | ' | ' |
Expired, Number of shares | ' | ' | ' | 574,157 | 568,546 | 1,080,867 |
Expired, Weighted average exercise price | $70.12 | $61.90 | $57.27 | ' | ' | ' |
Forfeited, Number of shares | ' | ' | ' | 72,880 | 141,351 | 107,810 |
Forfeited, Weighted average exercise price | $22.25 | $21.36 | $22.74 | ' | ' | ' |
Balance, Number of shares | 5,874,590 | 5,962,325 | 5,933,870 | 5,874,590 | 5,962,325 | 5,933,870 |
Balance, Weighted average exercise price | $35.54 | $38.87 | $43.06 | $35.54 | $38.87 | $43.06 |
Outstanding stock options exercisable, Number of shares | 4,101,928 | 4,379,630 | 4,211,216 | 4,101,928 | 4,379,630 | 4,211,216 |
Outstanding stock options exercisable, Weighted average exercise price | $40.40 | $45.26 | $51.26 | $40.40 | $45.26 | $51.26 |
ShareBased_Compensation_Schedu
Share-Based Compensation (Schedule Of Additional Selected Information On Stock Options) (Details) (USD $) | 0 Months Ended | 12 Months Ended | |||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2011 | Dec. 31, 2010 | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' | ' | ' | ' | ' |
Outstanding stock options, Number of shares | 5,874,590 | 5,962,325 | 5,874,590 | 5,933,870 | 6,369,239 |
Outstanding stock options, Weighted average exercise price | $35.54 | $38.87 | $35.54 | $43.06 | $47.37 |
share-based compensation award, options, outstanding, weighted average remaining contractual term | ' | ' | '3 years 2 months 12 days | ' | ' |
Outstanding stock options, Weighted average remaining contractual life (years) | '2 years 1 month 6 days | '2 years 7 months 6 days | ' | ' | ' |
Exercisable stock options, Number of shares | 4,101,928 | 4,379,630 | 4,101,928 | 4,211,216 | ' |
Exercisable stock options, Weighted average exercise price | $40.40 | $45.26 | $40.40 | $51.26 | ' |
Exercise Price Range $0.32 To $19.99 [Member] | ' | ' | ' | ' | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' | ' | ' | ' | ' |
Outstanding stock options, Number of shares | 1,006,608 | ' | 1,006,608 | ' | ' |
Outstanding stock options, Weighted average exercise price | $17.39 | ' | $17.39 | ' | ' |
Outstanding stock options, Weighted average remaining contractual life (years) | ' | ' | '4 years 6 months | ' | ' |
Exercisable stock options, Number of shares | 479,584 | ' | 479,584 | ' | ' |
Exercisable stock options, Weighted average exercise price | $15.81 | ' | $15.81 | ' | ' |
Exercise Price Range $20.00 To $24.99 [Member] | ' | ' | ' | ' | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' | ' | ' | ' | ' |
Outstanding stock options, Number of shares | 1,170,680 | ' | 1,170,680 | ' | ' |
Outstanding stock options, Weighted average exercise price | $23.84 | ' | $23.84 | ' | ' |
Outstanding stock options, Weighted average remaining contractual life (years) | ' | ' | '3 years 9 months 18 days | ' | ' |
Exercisable stock options, Number of shares | 925,953 | ' | 925,953 | ' | ' |
Exercisable stock options, Weighted average exercise price | $23.86 | ' | $23.86 | ' | ' |
Exercise Price Range $25.00 To $29.99 [Member] | ' | ' | ' | ' | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' | ' | ' | ' | ' |
Outstanding stock options, Number of shares | 1,637,911 | ' | 1,637,911 | ' | ' |
Outstanding stock options, Weighted average exercise price | $27.68 | ' | $27.68 | ' | ' |
Outstanding stock options, Weighted average remaining contractual life (years) | ' | ' | '4 years 6 months | ' | ' |
Exercisable stock options, Number of shares | 637,000 | ' | 637,000 | ' | ' |
Exercisable stock options, Weighted average exercise price | $27.96 | ' | $27.96 | ' | ' |
Exercise Price Range $30.00 To $39.99 [Member] | ' | ' | ' | ' | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' | ' | ' | ' | ' |
Outstanding stock options, Number of shares | 10,000 | ' | 10,000 | ' | ' |
Outstanding stock options, Weighted average exercise price | $32.45 | ' | $32.45 | ' | ' |
Outstanding stock options, Weighted average remaining contractual life (years) | ' | ' | '1 year 6 months | ' | ' |
Exercisable stock options, Number of shares | 10,000 | ' | 10,000 | ' | ' |
Exercisable stock options, Weighted average exercise price | $32.45 | ' | $32.45 | ' | ' |
Exercise Price Range $40.00 To $44.99 [Member] | ' | ' | ' | ' | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' | ' | ' | ' | ' |
Outstanding stock options, Number of shares | 14,000 | ' | 14,000 | ' | ' |
Outstanding stock options, Weighted average exercise price | $41.69 | ' | $41.69 | ' | ' |
Outstanding stock options, Weighted average remaining contractual life (years) | ' | ' | '1 year 9 months 18 days | ' | ' |
Exercisable stock options, Number of shares | 14,000 | ' | 14,000 | ' | ' |
Exercisable stock options, Weighted average exercise price | $41.69 | ' | $41.69 | ' | ' |
Exercise Price Range $45.00 To $49.99 [Member] | ' | ' | ' | ' | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' | ' | ' | ' | ' |
Outstanding stock options, Number of shares | 1,303,896 | ' | 1,303,896 | ' | ' |
Outstanding stock options, Weighted average exercise price | $47.28 | ' | $47.28 | ' | ' |
Outstanding stock options, Weighted average remaining contractual life (years) | ' | ' | '1 year 4 months 24 days | ' | ' |
Exercisable stock options, Number of shares | 1,303,896 | ' | 1,303,896 | ' | ' |
Exercisable stock options, Weighted average exercise price | $47.28 | ' | $47.28 | ' | ' |
Exercise Price Range $50.00 To $59.99 [Member] | ' | ' | ' | ' | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' | ' | ' | ' | ' |
Outstanding stock options, Number of shares | 136,531 | ' | 136,531 | ' | ' |
Outstanding stock options, Weighted average exercise price | $57.90 | ' | $57.90 | ' | ' |
Outstanding stock options, Weighted average remaining contractual life (years) | ' | ' | '1 year | ' | ' |
Exercisable stock options, Number of shares | 136,531 | ' | 136,531 | ' | ' |
Exercisable stock options, Weighted average exercise price | $57.90 | ' | $57.90 | ' | ' |
Exercise Price Range $60.00 To $79.99 [Member] | ' | ' | ' | ' | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' | ' | ' | ' | ' |
Outstanding stock options, Number of shares | 124,817 | ' | 124,817 | ' | ' |
Outstanding stock options, Weighted average exercise price | $68.44 | ' | $68.44 | ' | ' |
Outstanding stock options, Weighted average remaining contractual life (years) | ' | ' | '9 months 18 days | ' | ' |
Exercisable stock options, Number of shares | 124,817 | ' | 124,817 | ' | ' |
Exercisable stock options, Weighted average exercise price | $68.44 | ' | $68.44 | ' | ' |
Exercise Price Range $80.00 To $81.99 [Member] | ' | ' | ' | ' | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' | ' | ' | ' | ' |
Outstanding stock options, Number of shares | 36,500 | ' | 36,500 | ' | ' |
Outstanding stock options, Weighted average exercise price | $80.65 | ' | $80.65 | ' | ' |
Outstanding stock options, Weighted average remaining contractual life (years) | ' | ' | '2 years 3 months 18 days | ' | ' |
Exercisable stock options, Number of shares | 36,500 | ' | 36,500 | ' | ' |
Exercisable stock options, Weighted average exercise price | $80.65 | ' | $80.65 | ' | ' |
Exercise Price Range $82.00 To $83.38 [Member] | ' | ' | ' | ' | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' | ' | ' | ' | ' |
Outstanding stock options, Number of shares | 433,647 | ' | 433,647 | ' | ' |
Outstanding stock options, Weighted average exercise price | $83.25 | ' | $83.25 | ' | ' |
Outstanding stock options, Weighted average remaining contractual life (years) | ' | ' | '7 months 6 days | ' | ' |
Exercisable stock options, Number of shares | 433,647 | ' | 433,647 | ' | ' |
Exercisable stock options, Weighted average exercise price | $83.25 | ' | $83.25 | ' | ' |
ShareBased_Compensation_Summar1
Share-Based Compensation (Summary Of Restricted Stock Activity) (Details) (USD $) | 0 Months Ended | 12 Months Ended | |||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | |
Share-based Compensation [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Nonvested restricted shares, Number of shares | 410,950 | 851,236 | 1,399,854 | 410,950 | 851,236 | 1,399,854 | 1,611,643 |
Nonvested restricted shares, Weighted average issue price | $22.46 | $22.07 | $23.74 | $22.46 | $22.07 | $23.74 | $26.30 |
Issued, Number of shares | ' | ' | ' | 56,774 | 87,480 | 616,234 | ' |
Issued, Weighted average issue price | $24.55 | $17.57 | $23.43 | ' | ' | ' | ' |
Vested, Number of shares | ' | ' | ' | 452,743 | 582,361 | 569,794 | ' |
Vested, Weighted average issue price | $21.80 | $25.34 | $30.43 | ' | ' | ' | ' |
Forfeited, Number of shares | ' | ' | ' | 44,317 | 53,737 | 258,229 | ' |
Forfeited, Weighted average issue price | $24.31 | $22.83 | $24.23 | ' | ' | ' | ' |
ShareBased_Compensation_Share_
Share-Based Compensation Share Based Compensation (Summmary of Restricted Stock Unit Activity) (Details) (USD $) | 12 Months Ended | |||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Restricted Stock Units Outstanding | 1,522,038 | 822,753 | 146,165 | 0 |
Weighted Average Grant Price of Restricted Stock Units | $23.19 | $19.04 | $23.69 | $0 |
Restricted Stock Units Granted | 949,418 | 726,779 | ' | 146,165 |
Weighted Average Grant Price of Restricted Stock Units Granted | $25.99 | $18.29 | $23.69 | ' |
Restricted Stock Units Vested | -160,580 | -34,885 | ' | ' |
Restricted Stock Units Forfeited | -89,553 | -15,306 | ' | ' |
Weighted Average Grant Price of Restricted Stock Units Vested | $20.17 | $22.46 | ' | ' |
Weighted Average Grant Price of Restricted Stock Forfeited | $20.13 | $20.22 | ' | ' |
Guarantees_Commitments_And_Con
Guarantees, Commitments And Contingencies (Narrative) (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Guarantor Obligations [Line Items] | ' | ' | ' |
Operating Leases, Future Minimum Payments, Due in Three Years | $42,712,000 | ' | ' |
Operating Leases, Future Minimum Payments, Due in Four Years | 37,071,000 | ' | ' |
Operating Leases, Future Minimum Payments, Due in Five Years | 32,186,000 | ' | ' |
Operating Leases, Future Minimum Payments Due, Next Twelve Months | 44,857,000 | ' | ' |
Operating Leases, Future Minimum Payments, Due Thereafter | 135,869,000 | ' | ' |
Commitments to Extend Credit Expiring in One Year | 4,400,000,000 | ' | ' |
standby letters of credit expiring in one year | 644,000,000 | ' | ' |
Standby Letters of Credit, Thereafter | 295,000,000 | ' | ' |
Guarantor Obligations, Current Carrying Value | 8,800,000 | ' | ' |
Reserve for Unfunded Lending Commitments | 5,500,000 | ' | ' |
Letters of Credit, Deferred Commitment Fees | 3,300,000 | ' | ' |
Private Equity and other noninterest bearing investments [Table Text Block] | 28,300,000 | ' | ' |
Risk-weighted values assigned to all off-balance sheet financial and derivative instruments | 5,600,000,000 | 5,000,000,000 | ' |
Cash Reserve Deposit Required and Made | 179,100,000 | ' | ' |
Guarantee Of Trust Preferred Securities Issued By Affiliated Trusts | 15,000,000 | ' | ' |
Capital Lease Obligations, Current | 1,700,000 | ' | ' |
Accumulated Amortization, Deferred Finance Costs | 1,300,000 | ' | ' |
Operating Leases, Future Minimum Payments Due, Future Minimum Sublease Rentals | 1,100,000 | ' | ' |
Future Minimum Sublease Rentals, Sale Leaseback Transactions, within Two Years | 1,300,000 | ' | ' |
Future Minimum Sublease Rentals, Sale Leaseback Transactions, within Three Years | 1,400,000 | ' | ' |
Operating Leases, Future Minimum Payments Receivable, in Four Years | 1,600,000 | ' | ' |
Operating Leases, Future Minimum Payments Receivable, in Five Years | 1,600,000 | ' | ' |
Operating Leases, Future Minimum Payments Receivable, Thereafter | 6,300,000 | ' | ' |
Operating Leases, Rent Expense, Net | 58,400,000 | 58,700,000 | 57,900,000 |
Loss Contingency, Range of Possible Loss, Minimum | 0 | ' | ' |
Loss Contingency, Range of Possible Loss, Maximum | $50,000,000 | ' | ' |
Guarantees_Commitments_And_Con1
Guarantees, Commitments And Contingencies (Schedule Of Guarantees Issued) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Guarantor Obligations [Line Items] | ' | ' |
Unused Commitments to Extend Credit | $16,174,326 | $14,277,347 |
Commercial letters of credit | 80,218 | 91,978 |
Total Unfunded Lending Commitments | 17,193,840 | 15,333,781 |
Financial Guarantee [Member] | ' | ' |
Guarantor Obligations [Line Items] | ' | ' |
Letters Of Credit Standby | 779,811 | 774,427 |
Performance Guarantee [Member] | ' | ' |
Guarantor Obligations [Line Items] | ' | ' |
Letters Of Credit Standby | $159,485 | $190,029 |
Regulatory_Matters_Summary_Of_
Regulatory Matters (Summary Of Actual Capital Amounts And Ratios For The Company And Its Three Largest Subsidiary Banks) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Total capital (to risk-weighted assets), Actual Amount | $6,621,539 | $6,616,521 |
Capital to Risk Weighted Assets | 15.00% | 15.05% |
Total capital (to risk-weighted assets), To be well capitalized, Amount | 4,514,553 | 4,396,983 |
Total capital (to risk-weighted assets), To be well capitalized, Ratio | 10.00% | 10.00% |
Tier 1 capital (to risk-weighted assets), Actual Amount | 5,763,463 | 5,883,669 |
Tier 1 capital (to risk-weighted assets), Actual Ratio | 1277.00% | 1338.00% |
Tier 1 capital (to risk-weighted assets), To be well capitalized, Ratio | 600.00% | 600.00% |
Tier 1 capital (to average assets), Actual Ratio | 1048.00% | 1096.00% |
Parent [Member] | ' | ' |
Tier 1 capital (to risk-weighted assets), Actual Amount | 5,763,463 | 5,883,669 |
Tier 1 capital (to risk-weighted assets), To be well capitalized, Amount | 2,708,732 | 2,638,190 |
Zions First National Bank [Member] | ' | ' |
Total capital (to risk-weighted assets), Actual Amount | 1,997,525 | 2,034,662 |
Capital to Risk Weighted Assets | 1452.00% | 1417.00% |
Total capital (to risk-weighted assets), To be well capitalized, Amount | 1,375,347 | 1,435,690 |
Total capital (to risk-weighted assets), To be well capitalized, Ratio | 1000.00% | 1000.00% |
Tier 1 capital (to risk-weighted assets), Actual Amount | 1,831,720 | 1,861,218 |
Tier 1 capital (to risk-weighted assets), Actual Ratio | 1332.00% | 1296.00% |
Tier 1 capital (to risk-weighted assets), To be well capitalized, Amount | 825,208 | 861,414 |
Tier 1 capital (to risk-weighted assets), To be well capitalized, Ratio | 600.00% | 600.00% |
Tier 1 capital (to average assets), Actual Ratio | 1002.00% | 1058.00% |
Tier One Leverage Capital Required to be Well Capitalized | 913,592 | 879,719 |
Tier 1 capital (to average assets), To be well capitalized, Ratio | 500.00% | 500.00% |
CB&T [Member] | ' | ' |
Total capital (to risk-weighted assets), Actual Amount | 1,252,860 | 1,222,822 |
Capital to Risk Weighted Assets | 1365.00% | 1418.00% |
Total capital (to risk-weighted assets), To be well capitalized, Amount | 917,950 | 862,218 |
Total capital (to risk-weighted assets), To be well capitalized, Ratio | 1000.00% | 1000.00% |
Tier 1 capital (to risk-weighted assets), Actual Amount | 1,137,848 | 1,114,315 |
Tier 1 capital (to risk-weighted assets), Actual Ratio | 1240.00% | 1292.00% |
Tier 1 capital (to risk-weighted assets), To be well capitalized, Amount | 550,770 | 517,331 |
Tier 1 capital (to risk-weighted assets), To be well capitalized, Ratio | 600.00% | 600.00% |
Tier 1 capital (to average assets), Actual Ratio | 1075.00% | 1037.00% |
Tier One Leverage Capital Required to be Well Capitalized | 529,067 | 537,534 |
Tier 1 capital (to average assets), To be well capitalized, Ratio | 500.00% | 500.00% |
Amegy Bank N.A. [Member] | ' | ' |
Total capital (to risk-weighted assets), Actual Amount | 1,714,314 | 1,598,708 |
Capital to Risk Weighted Assets | 1486.00% | 1517.00% |
Total capital (to risk-weighted assets), To be well capitalized, Amount | 1,153,382 | 1,054,110 |
Total capital (to risk-weighted assets), To be well capitalized, Ratio | 1000.00% | 1000.00% |
Tier 1 capital (to risk-weighted assets), Actual Amount | 1,569,696 | 1,466,001 |
Tier 1 capital (to risk-weighted assets), Actual Ratio | 1361.00% | 1391.00% |
Tier 1 capital (to risk-weighted assets), To be well capitalized, Amount | 692,029 | 632,466 |
Tier 1 capital (to risk-weighted assets), To be well capitalized, Ratio | 600.00% | 600.00% |
Tier 1 capital (to average assets), Actual Ratio | 1209.00% | 1203.00% |
Tier One Leverage Capital Required to be Well Capitalized | $649,387 | $609,319 |
Tier 1 capital (to average assets), To be well capitalized, Ratio | 500.00% | 500.00% |
Retirement_Plans_Schedule_Of_N
Retirement Plans (Schedule Of Net Periodic Benefit Cost (Credit) For Pension And Postretirement Plans) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Interest cost | $6,885 | $7,558 | $8,336 |
Expected return on plan assets | 12,109 | 11,308 | 12,443 |
Defined Benefit Plan, Amortization of Gains (Losses) | 8,132 | 9,184 | 5,290 |
Defined Benefit Plan, Fair Value of Plan Assets | 171,905 | 157,082 | ' |
Settlement loss - net periodic benefit cost (credit) | 1,814 | ' | ' |
Pension Benefits [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Net gain (loss) in AOCI expected to be recognized in next year | -3,187 | ' | ' |
Defined Benefit Plan, Benefit Obligation | 169,092 | 191,208 | 184,141 |
Service cost | 0 | 29 | 100 |
Interest cost | 6,885 | 7,558 | ' |
Defined Benefit Plan, Actuarial Net (Gains) Losses | -16,341 | 9,693 | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 171,905 | 157,082 | 147,444 |
Defined Benefit Plan, Actual Return on Plan Assets | 27,579 | 19,851 | ' |
Defined Benefit Plan, Contributions by Employer | 0 | 0 | ' |
Defined Benefit Plan, Benefits Paid | -12,756 | -10,213 | ' |
Defined Benefit Plan, Funded Status of Plan | 2,813 | -34,126 | ' |
Prior service credit (cost) in AOCI expected to be recognized in the next year | 0 | ' | ' |
Pension and Other Postretirement Benefit Plans, Amounts that Will be Amortized from Accumulated Other Comprehensive Income (Loss) in Next Fiscal Year | -3,187 | ' | ' |
Defined Benefit Plan, Net Periodic Benefit Cost | 4,722 | 5,463 | 1,283 |
Supplemental Employee Retirement Plan, Defined Benefit [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Net gain (loss) in AOCI expected to be recognized in next year | -33 | ' | ' |
Defined Benefit Plan, Benefit Obligation | 10,276 | 11,234 | 11,357 |
Service cost | 0 | 0 | ' |
Interest cost | 404 | 460 | ' |
Defined Benefit Plan, Amortization of Gains (Losses) | 70 | -114 | ' |
Amortization of prior service cost (credit) | 124 | 124 | ' |
Defined Benefit Plan, Actuarial Net (Gains) Losses | -426 | 481 | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | 0 |
Defined Benefit Plan, Actual Return on Plan Assets | 0 | 0 | ' |
Defined Benefit Plan, Contributions by Employer | 936 | 1,064 | ' |
Defined Benefit Plan, Benefits Paid | -936 | -1,064 | ' |
Defined Benefit Plan, Funded Status of Plan | -10,276 | -11,234 | ' |
Prior service credit (cost) in AOCI expected to be recognized in the next year | -50 | ' | ' |
Pension and Other Postretirement Benefit Plans, Amounts that Will be Amortized from Accumulated Other Comprehensive Income (Loss) in Next Fiscal Year | -83 | ' | ' |
Settlement loss - net periodic benefit cost (credit) | 0 | 0 | 0 |
Defined Benefit Plan, Net Periodic Benefit Cost | 598 | 470 | 666 |
Supplemental Employee Retirement Plans Defined Benefit [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Service cost | ' | ' | 0 |
Interest cost | ' | ' | 558 |
Defined Benefit Plan, Amortization of Gains (Losses) | ' | ' | -16 |
Amortization of prior service cost (credit) | ' | ' | 124 |
Postretirement Benefits [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Net gain (loss) in AOCI expected to be recognized in next year | 71 | ' | ' |
Defined Benefit Plan, Benefit Obligation | 1,062 | 1,129 | 1,149 |
Service cost | 32 | 36 | 32 |
Interest cost | 41 | 47 | 54 |
Defined Benefit Plan, Amortization of Gains (Losses) | -75 | -87 | -125 |
Amortization of prior service cost (credit) | -151 | -244 | -244 |
Defined Benefit Plan, Actuarial Net (Gains) Losses | -53 | -27 | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | 0 |
Defined Benefit Plan, Actual Return on Plan Assets | 0 | 0 | ' |
Defined Benefit Plan, Contributions by Employer | 87 | 76 | ' |
Defined Benefit Plan, Benefits Paid | -87 | -76 | ' |
Defined Benefit Plan, Funded Status of Plan | -1,062 | -1,129 | ' |
Prior service credit (cost) in AOCI expected to be recognized in the next year | 0 | ' | ' |
Pension and Other Postretirement Benefit Plans, Amounts that Will be Amortized from Accumulated Other Comprehensive Income (Loss) in Next Fiscal Year | 71 | ' | ' |
Defined Benefit Plan, Net Periodic Benefit Cost | ($153) | ($248) | ($283) |
Retirement_Plans_Narrative_Det
Retirement Plans (Narrative) (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Composite market value factor, minimum range | 0.988035 | 1.02972 | ' |
Composite market value factor, maximum range | 1.073235 | 1.119776 | ' |
Fair Value Level Transfers Among Levels 1, 2, and 3 | $0 | $0 | ' |
Owner Occupied And Commercial Real Estate Loans Unamortized Premiums | 47,200,000 | 59,300,000 | ' |
Defined Benefit Plan, Estimated Future Employer Contributions in Next Fiscal Year | 0 | ' | ' |
Benefit liability other supplement retirement plans | 6,000,000 | 6,300,000 | ' |
Shares of company common stock | 270,305 | 321,964 | ' |
Dividends received under the plan | 41,000 | 15,000 | ' |
Rate of employee contribution from earnings | 80.00% | ' | ' |
Matching contribution allocation rate first time | 0.00% | ' | ' |
Employee contribution rate for first time matching | 0.00% | ' | ' |
Matching contribution allocation rate second time | 50.00% | ' | ' |
Employees contribution rate for second time matching | 0.00% | ' | ' |
Employer contribution in common stock | 22,700,000 | 21,600,000 | 21,000,000 |
Minimum range of eligible compensation for noncontributory profit sharing feature | 0.00% | ' | ' |
Maximum range of eligible compensation for noncontributory profit sharing feature | 0.00% | ' | ' |
Accrued profit sharing expense | 11,804,000 | 11,783,000 | 11,700,000 |
Contribution rate of profit sharing expenses | 0 | ' | ' |
Composite market value factor, at end of period | 1.05329 | 1.08063 | ' |
Pension Benefits [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Settlements, Benefit Obligation | 96,000 | 0 | ' |
Defined Benefit Plan, Expected Future Benefit Payments in Year One | 10,338,000 | ' | ' |
Liability for pension/postretirement benefits | 2,813,000 | -34,126,000 | ' |
Accumulated Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net of Tax | -39,082,000 | -80,743,000 | ' |
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), Net Gains (Losses), before Tax | -39,082,000 | -80,743,000 | ' |
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), Net Prior Service Cost (Credit), before Tax | 0 | 0 | ' |
Defined Benefit Plan, Expected Future Benefit Payments in Year Two | 9,822,000 | ' | ' |
Defined Benefit Plan, Expected Future Benefit Payments in Year Three | 9,547,000 | ' | ' |
Defined Benefit Plan, Expected Future Benefit Payments in Year Four | 10,133,000 | ' | ' |
Defined Benefit Plan, Expected Future Benefit Payments in Year Five | 10,543,000 | ' | ' |
Defined Benefit Plan, Expected Future Benefit Payments in Five Fiscal Years Thereafter | 53,674,000 | ' | ' |
Supplemental Employee Retirement Plan, Defined Benefit [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Settlements, Benefit Obligation | 0 | 0 | ' |
Defined Benefit Plan, Expected Future Benefit Payments in Year One | 2,056,000 | ' | ' |
Liability for pension/postretirement benefits | -10,276,000 | -11,234,000 | ' |
Accumulated Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net of Tax | -1,968,000 | -2,587,000 | ' |
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), Net Gains (Losses), before Tax | -1,918,000 | -2,412,000 | ' |
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), Net Prior Service Cost (Credit), before Tax | -50,000 | -175,000 | ' |
Defined Benefit Plan, Expected Future Benefit Payments in Year Two | 833,000 | ' | ' |
Defined Benefit Plan, Expected Future Benefit Payments in Year Three | 1,073,000 | ' | ' |
Defined Benefit Plan, Expected Future Benefit Payments in Year Four | 799,000 | ' | ' |
Defined Benefit Plan, Expected Future Benefit Payments in Year Five | 794,000 | ' | ' |
Defined Benefit Plan, Expected Future Benefit Payments in Five Fiscal Years Thereafter | 3,642,000 | ' | ' |
Postretirement Benefits [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Settlements, Benefit Obligation | 0 | 0 | ' |
Defined Benefit Plan, Expected Future Benefit Payments in Year One | 96,000 | ' | ' |
Liability for pension/postretirement benefits | -1,062,000 | -1,129,000 | ' |
Accumulated Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net of Tax | 354,000 | 526,000 | ' |
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), Net Gains (Losses), before Tax | 354,000 | 376,000 | ' |
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), Net Prior Service Cost (Credit), before Tax | 0 | 150,000 | ' |
Defined Benefit Plan, Expected Future Benefit Payments in Year Two | 100,000 | ' | ' |
Defined Benefit Plan, Expected Future Benefit Payments in Year Three | 105,000 | ' | ' |
Defined Benefit Plan, Expected Future Benefit Payments in Year Four | 109,000 | ' | ' |
Defined Benefit Plan, Expected Future Benefit Payments in Year Five | 106,000 | ' | ' |
Defined Benefit Plan, Expected Future Benefit Payments in Five Fiscal Years Thereafter | 451,000 | ' | ' |
Defined Benefit Plans and Other Postretirement Benefit Plans [Domain] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair Value Level Transfers Among Levels 1, 2, and 3 | $0 | $0 | ' |
Equity Securities [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Target investment allocation percentage in equity | 65.00% | ' | ' |
Debt Securities [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Target investment allocation percentage in equity | 30.00% | ' | ' |
Real Estate [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Target investment allocation percentage in equity | 5.00% | ' | ' |
Retirement_Plans_Summary_Of_Re
Retirement Plans (Summary Of Reconciliation Of The Beginning And Ending Balances Of Assets Measured At Fair Value On A Recurring Basis Using Level 3 Inputs) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | Limited Partner [Member] | Limited Partner [Member] | Guaranteed Deposit Account [Member] | Guaranteed Deposit Account [Member] | Limited Partnerships [Member] | Limited Partnerships [Member] | Guaranteed Deposit Account [Member] | Guaranteed Deposit Account [Member] | Realized Appreciation (Depreciation) In Fair Value Of Investments [Member] | Realized Appreciation (Depreciation) In Fair Value Of Investments [Member] | Realized Appreciation (Depreciation) In Fair Value Of Investments [Member] | Realized Appreciation (Depreciation) In Fair Value Of Investments [Member] | Unrealized Appreciation (Depreciation) In Fair Value Of Investments [Member] | Unrealized Appreciation (Depreciation) In Fair Value Of Investments [Member] | Unrealized Appreciation (Depreciation) In Fair Value Of Investments [Member] | Unrealized Appreciation (Depreciation) In Fair Value Of Investments [Member] | Interest And Dividends [Member] | Interest And Dividends [Member] | Interest And Dividends [Member] | Interest And Dividends [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Limited Partnerships [Member] | Limited Partnerships [Member] | Guaranteed Deposit Account [Member] | Guaranteed Deposit Account [Member] | Limited Partnerships [Member] | Limited Partnerships [Member] | Guaranteed Deposit Account [Member] | Guaranteed Deposit Account [Member] | Limited Partnerships [Member] | Limited Partnerships [Member] | Guaranteed Deposit Account [Member] | Guaranteed Deposit Account [Member] | Limited Partnerships [Member] | Limited Partnerships [Member] | Limited Partnerships [Member] | Guaranteed Deposit Account [Member] | Guaranteed Deposit Account [Member] | Guaranteed Deposit Account [Member] | Limited Partnerships [Member] | Limited Partnerships [Member] | Guaranteed Deposit Account [Member] | Guaranteed Deposit Account [Member] | |||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair value of plan assets at beginning of year | $171,905 | $157,082 | ' | ' | ' | ' | $4,689 | ' | $13,869 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $139,374 | $120,379 | $5,292 | $4,689 | $4,149 | $12,582 | $13,869 | $12,476 | $17,874 | $18,558 | $5,292 | $4,689 | $12,582 | $13,869 |
Net increases (decreases) included in plan statement of changes in net assets available for benefits | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -74 | -98 | 0 | 0 | 732 | 542 | -398 | 372 | 0 | 0 | 486 | 525 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair value of plan assets at end of year | 171,905 | 157,082 | ' | ' | ' | ' | 5,292 | 4,689 | 12,582 | 13,869 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 139,374 | 120,379 | 5,292 | 4,689 | 4,149 | 12,582 | 13,869 | 12,476 | 17,874 | 18,558 | 5,292 | 4,689 | 12,582 | 13,869 |
Defined benefit plan investment purchases | ' | ' | ' | ' | ' | ' | 760 | 1,005 | 11,722 | 11,070 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Purchases | ' | ' | ' | ' | ' | ' | 0 | 0 | -12,751 | -10,212 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Settlements, Plan Assets | ' | ' | ' | ' | ' | ' | -732 | -850 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Administration Expenses | ' | ' | ($83) | ($59) | ($346) | ($362) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Retirement_Plans_Schedule_Of_W
Retirement Plans (Schedule Of Weighted Average Assumptions Based On The Pension Plan) (Details) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Discount rate, benefit obligation | 5.00% | 4.00% | 4.00% |
Rate of compensation increase, benefit obligation | ' | 350.00% | 350.00% |
Discount rate, net periodic benefit cost | 375.00% | 425.00% | 520.00% |
Expected long-term return on plan assets, net periodic benefit cost | 800.00% | 800.00% | 800.00% |
Rate of compensation increase, net periodic benefit cost | 350.00% | 350.00% | 350.00% |
Retirement_Plans_Summary_Of_Th
Retirement Plans (Summary Of The Fair Values Of Pension Plan Investments According To The Fair Value Hierarchy And The Weighted Average Allocations) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair values of pension plan investments | $171,905 | $157,082 | ' |
Investment Owned, Percent of Net Assets | 10000.00% | 10000.00% | ' |
Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair values of pension plan investments | 14,657 | 18,145 | ' |
Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair values of pension plan investments | 139,374 | 120,379 | ' |
Fair Value, Inputs, Level 3 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair values of pension plan investments | 17,874 | 18,558 | ' |
Guaranteed Deposit Account [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair values of pension plan investments | 12,582 | 13,869 | ' |
Investment Owned, Percent of Net Assets | 700.00% | 900.00% | ' |
Guaranteed Deposit Account [Member] | Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair values of pension plan investments | 12,582 | 13,869 | 12,476 |
Guaranteed Deposit Account [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair values of pension plan investments | 12,582 | 13,869 | ' |
Limited Partnerships [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair values of pension plan investments | 5,292 | 4,689 | ' |
Investment Owned, Percent of Net Assets | 300.00% | 300.00% | ' |
Limited Partnerships [Member] | Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair values of pension plan investments | 5,292 | 4,689 | 4,149 |
Limited Partnerships [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair values of pension plan investments | 5,292 | 4,689 | ' |
Common Stock [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair values of pension plan investments | 8,098 | 6,890 | ' |
Investment Owned, Percent of Net Assets | 500.00% | 400.00% | ' |
Common Stock [Member] | Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair values of pension plan investments | 8,098 | 6,890 | ' |
Common Stock [Member] | Insurance Company Pooled Separate Accounts [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair values of pension plan investments | 102,603 | 85,938 | ' |
Investment Owned, Percent of Net Assets | 6000.00% | 5500.00% | ' |
Common Stock [Member] | Insurance Company Pooled Separate Accounts [Member] | Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair values of pension plan investments | 102,603 | 85,938 | ' |
Equity Investments [Member] | Mutual Funds [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair values of pension plan investments | 0 | 4,407 | ' |
Investment Owned, Percent of Net Assets | 0.00% | 300.00% | ' |
Equity Investments [Member] | Mutual Funds [Member] | Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair values of pension plan investments | 0 | 4,407 | ' |
Debt Investments [Member] | Mutual Funds [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair values of pension plan investments | 6,559 | 6,848 | ' |
Investment Owned, Percent of Net Assets | 400.00% | 400.00% | ' |
Debt Investments [Member] | Mutual Funds [Member] | Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair values of pension plan investments | 6,559 | 6,848 | ' |
Debt Investments [Member] | Insurance Company Pooled Separate Accounts [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair values of pension plan investments | 29,091 | 27,566 | ' |
Investment Owned, Percent of Net Assets | 1700.00% | 1800.00% | ' |
Debt Investments [Member] | Insurance Company Pooled Separate Accounts [Member] | Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair values of pension plan investments | 29,091 | 27,566 | ' |
Real Estate [Member] | Insurance Company Pooled Separate Accounts [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair values of pension plan investments | 7,680 | 6,875 | ' |
Investment Owned, Percent of Net Assets | 400.00% | 400.00% | ' |
Real Estate [Member] | Insurance Company Pooled Separate Accounts [Member] | Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair values of pension plan investments | $7,680 | $6,875 | ' |
Retirement_Plans_Fair_values_o
Retirement Plans Fair values of pension plan assets - Level 3 rolforward (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Limited Liability Company [Member] | Limited Liability Company [Member] | Limited Liability Company [Member] | Limited Liability Company [Member] | Limited Liability Company [Member] | Limited Liability Company [Member] | Limited Liability Company [Member] | Limited Liability Company [Member] | Limited Liability Company [Member] | Limited Liability Company [Member] | Limited Liability Company [Member] | Guaranteed Deposit Account [Member] | Guaranteed Deposit Account [Member] | Guaranteed Deposit Account [Member] | Guaranteed Deposit Account [Member] | Guaranteed Deposit Account [Member] | Guaranteed Deposit Account [Member] | Guaranteed Deposit Account [Member] | Guaranteed Deposit Account [Member] | Guaranteed Deposit Account [Member] | Guaranteed Deposit Account [Member] | Guaranteed Deposit Account [Member] | Limited Partner [Member] | Limited Partner [Member] | Guaranteed Deposit Account [Member] | Guaranteed Deposit Account [Member] | ||
Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Realized Investment Gains (Losses) [Member] | Realized Investment Gains (Losses) [Member] | Marketable Securities Unrealized Gain (Loss) [Member] | Marketable Securities Unrealized Gain (Loss) [Member] | Investment Income, Interest and Dividends [Member] | Investment Income, Interest and Dividends [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Realized Investment Gains (Losses) [Member] | Realized Investment Gains (Losses) [Member] | Marketable Securities Unrealized Gain (Loss) [Member] | Marketable Securities Unrealized Gain (Loss) [Member] | Investment Income, Interest and Dividends [Member] | Investment Income, Interest and Dividends [Member] | |||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Defined benefit plan investment sales | ' | ' | ' | ' | $0 | $0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ($12,751) | ($10,212) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Settlements, Plan Assets | ' | ' | ' | ' | -732 | -850 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 171,905 | 157,082 | 139,374 | 120,379 | 5,292 | 4,689 | 5,292 | 4,689 | 4,149 | ' | ' | ' | ' | ' | ' | 12,582 | 13,869 | 12,582 | 13,869 | 12,476 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Administration Expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -83 | -59 | -346 | -362 |
Defined Benefit Plan, Fair Value of Plan Assets, Period Increase (Decrease) | ' | ' | ' | ' | ' | ' | ' | ' | ' | -74 | -98 | 732 | 542 | 0 | 0 | ' | ' | ' | ' | ' | 0 | 0 | -398 | 372 | 486 | 525 | ' | ' | ' | ' |
Defined benefit plan investment purchases | ' | ' | ' | ' | $760 | $1,005 | ' | ' | ' | ' | ' | ' | ' | ' | ' | $11,722 | $11,070 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair_Value_Narrative_Details
Fair Value (Narrative) (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Derivatives, Fair Value [Line Items] | ' | ' | ' |
Other noninterest-bearing investments valued under the cost method | $53,600,000 | $74,800,000 | ' |
Net gains on sale of OREO properties | 3,681,000 | -17,166,000 | -58,676,000 |
Principal amount of other real estate owned property sold | 82,500,000 | 163,000,000 | ' |
Federal Home Loan Bank Stock and Federal Reserve Bank Stock | 248,400,000 | 255,600,000 | ' |
Private equity investments prohibited by Volker rule | 58,000,000 | ' | ' |
OREO Properties [Member] | ' | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' | ' |
Net gains on sale of OREO properties | 15,600,000 | 15,300,000 | ' |
Impairment of OREO properties | 800,000 | 2,700,000 | ' |
Level 2 [Member] | ' | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' | ' |
Fair value of AFS securities | 2,137,259,000 | 1,765,214,000 | ' |
Fair Value, Inputs, Level 3 [Member] | ' | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' | ' |
Fair value of AFS securities | 1,304,877,000 | 1,003,900,000 | ' |
Third Party Pricing Service [Member] | Level 2 [Member] | ' | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' | ' |
Fair value of AFS securities | 0 | ' | ' |
Third Party Pricing Service [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' | ' |
Fair value of AFS securities | $0 | ' | ' |
Fair_Value_Schedule_Of_Assets_
Fair Value (Schedule Of Assets And Liabilities Measured At Fair Value By Class On A Recurring Basis) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Trading account, at fair value | $34,559 | $28,290 |
Securities sold, not yet purchased | 73,606 | 26,735 |
Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investment securities | 259,750 | 322,196 |
Total assets | 269,364 | 326,600 |
Securities sold, not yet purchased | 73,606 | 26,735 |
Total liabilities | 82,249 | 29,894 |
Level 1 [Member] | Mutual Funds And Other [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investment securities | 259,750 | 219,214 |
Level 1 [Member] | Available-for-sale Securities [Member] | U.S. Treasury, Agencies And Corporations [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investment securities | ' | 102,982 |
Level 1 [Member] | Derivatives [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Other assets | 9,614 | 4,404 |
Other liabilities | 8,643 | 3,159 |
Level 1 [Member] | Derivatives [Member] | Foreign Currency Exchange Contracts [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Other assets | 9,614 | 4,404 |
Other liabilities | 8,643 | 3,159 |
Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investment securities | 2,137,259 | 1,765,214 |
Trading account, at fair value | 34,559 | 28,290 |
Total assets | 2,699,615 | 2,336,784 |
Securities sold, not yet purchased | ' | ' |
Total liabilities | 55,692 | 84,068 |
Level 2 [Member] | Mutual Funds And Other [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investment securities | 20,453 | 8,797 |
Level 2 [Member] | Bank-owned life insurance [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Other noninterest-bearing investments | 466,428 | 455,719 |
Level 2 [Member] | Private Equity [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Other noninterest-bearing investments | 4,822 | 5,132 |
Level 2 [Member] | Available-for-sale Securities [Member] | U.S. Treasury, Agencies And Corporations [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investment securities | 2,059,105 | 1,692,637 |
Level 2 [Member] | Available-for-sale Securities [Member] | Municipal Securities [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investment securities | 55,602 | 59,445 |
Level 2 [Member] | Asset-Backed Securities [Member] | Trust Preferred - Banks And Insurance [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investment securities | ' | 121 |
Level 2 [Member] | Asset-Backed Securities [Member] | Auction Rate Securities [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investment securities | ' | ' |
Level 2 [Member] | Asset-Backed Securities [Member] | Other (Including ABS CDOs) [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investment securities | ' | 4,214 |
Level 2 [Member] | Asset-Backed Securities [Member] | Other [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investment securities | 2,099 | ' |
Level 2 [Member] | Derivatives [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Other assets | 56,547 | 82,429 |
Other liabilities | 55,692 | 84,068 |
Level 2 [Member] | Derivatives [Member] | Interest Rate Related And Other [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Other assets | 1,100 | 2,850 |
Other liabilities | 1,004 | 1,142 |
Level 2 [Member] | Derivatives [Member] | Interest Rate Swaps For Customers [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Other assets | 55,447 | 79,579 |
Other liabilities | 54,688 | 82,926 |
Fair Value, Inputs, Level 3 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investment securities | 1,304,877 | 1,003,900 |
Total assets | 1,387,287 | 1,068,123 |
Other liabilities | 241 | 124 |
Total liabilities | 4,303 | 5,251 |
Fair Value, Inputs, Level 3 [Member] | Private Equity [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Other noninterest-bearing investments | 82,410 | 64,223 |
Fair Value, Inputs, Level 3 [Member] | Available-for-sale Securities [Member] | Municipal Securities [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investment securities | 10,662 | 16,551 |
Fair Value, Inputs, Level 3 [Member] | Asset-Backed Securities [Member] | Trust Preferred - Banks And Insurance [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investment securities | 1,238,820 | 949,271 |
Fair Value, Inputs, Level 3 [Member] | Asset-Backed Securities [Member] | Trust Preferred - Real Estate Investment Trusts [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investment securities | 22,996 | 16,403 |
Fair Value, Inputs, Level 3 [Member] | Asset-Backed Securities [Member] | Auction Rate Securities [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investment securities | 6,599 | 6,515 |
Fair Value, Inputs, Level 3 [Member] | Asset-Backed Securities [Member] | Other (Including ABS CDOs) [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investment securities | ' | 15,160 |
Fair Value, Inputs, Level 3 [Member] | Asset-Backed Securities [Member] | Other [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investment securities | 25,800 | 15,160 |
Fair Value, Inputs, Level 3 [Member] | Derivatives [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Other liabilities | 4,062 | 5,127 |
Fair Value, Inputs, Level 3 [Member] | Derivatives [Member] | Total Return Swap [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Other liabilities | 4,062 | 5,127 |
Estimated Fair Value [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investment securities | 3,701,886 | 3,091,310 |
Trading account, at fair value | 34,559 | 28,290 |
Total assets | 4,356,266 | 3,731,507 |
Securities sold, not yet purchased | 73,606 | 26,735 |
Other liabilities | 241 | 124 |
Total liabilities | 142,244 | 119,213 |
Estimated Fair Value [Member] | Mutual Funds And Other [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investment securities | 280,203 | 228,011 |
Estimated Fair Value [Member] | Bank-owned life insurance [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Other noninterest-bearing investments | 466,428 | 455,719 |
Estimated Fair Value [Member] | Private Equity [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Other noninterest-bearing investments | 87,232 | 69,355 |
Estimated Fair Value [Member] | Available-for-sale Securities [Member] | U.S. Treasury, Agencies And Corporations [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investment securities | 2,059,105 | 1,795,619 |
Estimated Fair Value [Member] | Available-for-sale Securities [Member] | Municipal Securities [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investment securities | 66,264 | 75,996 |
Estimated Fair Value [Member] | Asset-Backed Securities [Member] | Trust Preferred - Banks And Insurance [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investment securities | 1,238,820 | 949,392 |
Estimated Fair Value [Member] | Asset-Backed Securities [Member] | Trust Preferred - Real Estate Investment Trusts [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investment securities | 22,996 | 16,403 |
Estimated Fair Value [Member] | Asset-Backed Securities [Member] | Auction Rate Securities [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investment securities | 6,599 | 6,515 |
Estimated Fair Value [Member] | Asset-Backed Securities [Member] | Other [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investment securities | 27,899 | 19,374 |
Estimated Fair Value [Member] | Derivatives [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Other assets | 66,161 | 86,833 |
Other liabilities | 68,397 | 92,354 |
Estimated Fair Value [Member] | Derivatives [Member] | Interest Rate Related And Other [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Other assets | 1,100 | 2,850 |
Other liabilities | 1,004 | 1,142 |
Estimated Fair Value [Member] | Derivatives [Member] | Interest Rate Swaps For Customers [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Other assets | 55,447 | 79,579 |
Other liabilities | 54,688 | 82,926 |
Estimated Fair Value [Member] | Derivatives [Member] | Foreign Currency Exchange Contracts [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Other assets | 9,614 | 4,404 |
Other liabilities | 8,643 | 3,159 |
Estimated Fair Value [Member] | Derivatives [Member] | Total Return Swap [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Other liabilities | $4,062 | $5,127 |
Fair_Value_Schedule_Of_Key_Mod
Fair Value (Schedule Of Key Model Inputs And Assumptions Used To Fair Value Certain Asset-Backed Securities) (Details) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Trust Preferred - Predominantly Insurance [Member] | ' | ' |
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items] | ' | ' |
Asset-backed securities, Prepayment rate | 5.00% | 4.50% |
Trust Preferred Real Estate Investment Trusts [Member] | ' | ' |
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items] | ' | ' |
Asset-backed securities, Prepayment rate | 0.00% | 0.00% |
Asset-Backed Securities [Member] | Trust Preferred - Predominantly Insurance [Member] | ' | ' |
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items] | ' | ' |
Asset-backed securities, Loss severity | 100.00% | 100.00% |
Minimum [Member] | Asset-Backed Securities [Member] | Trust Preferred Securities - Real Estate Investment Trusts [Member] | ' | ' |
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items] | ' | ' |
Asset-backed securities, Loss severity | 60.00% | 60.00% |
Maximum [Member] | Asset-Backed Securities [Member] | Trust Preferred Securities - Real Estate Investment Trusts [Member] | ' | ' |
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items] | ' | ' |
Asset-backed securities, Loss severity | 100.00% | 100.00% |
Constant Default Rate Year 1 [Member] | Minimum [Member] | Trust Preferred - Predominantly Insurance [Member] | ' | ' |
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items] | ' | ' |
Asset-backed securities, Constant default rate | 0.38% | 0.30% |
Constant Default Rate Year 1 [Member] | Minimum [Member] | Trust Preferred Real Estate Investment Trusts [Member] | ' | ' |
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items] | ' | ' |
Asset-backed securities, Constant default rate | 4.10% | 5.10% |
Constant Default Rate Year 1 [Member] | Maximum [Member] | Trust Preferred - Predominantly Insurance [Member] | ' | ' |
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items] | ' | ' |
Asset-backed securities, Constant default rate | 1.03% | 0.32% |
Constant Default Rate Year 1 [Member] | Maximum [Member] | Trust Preferred Real Estate Investment Trusts [Member] | ' | ' |
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items] | ' | ' |
Asset-backed securities, Constant default rate | 10.60% | 8.60% |
Constant Default Rate Year 2 to 3 [Member] | Minimum [Member] | Trust Preferred Real Estate Investment Trusts [Member] | ' | ' |
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items] | ' | ' |
Asset-backed securities, Constant default rate | 4.60% | 4.20% |
Constant Default Rate Year 2 to 3 [Member] | Maximum [Member] | Trust Preferred Real Estate Investment Trusts [Member] | ' | ' |
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items] | ' | ' |
Asset-backed securities, Constant default rate | 5.50% | 7.10% |
Constant Default Rate Year 2 to 5 [Member] | Minimum [Member] | Trust Preferred - Predominantly Insurance [Member] | ' | ' |
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items] | ' | ' |
Asset-backed securities, Constant default rate | 0.53% | 0.47% |
Constant Default Rate Year 2 to 5 [Member] | Maximum [Member] | Trust Preferred - Predominantly Insurance [Member] | ' | ' |
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items] | ' | ' |
Asset-backed securities, Constant default rate | 0.89% | 0.50% |
Constant Default Rate Year 4 to 6 [Member] | Trust Preferred Real Estate Investment Trusts [Member] | ' | ' |
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items] | ' | ' |
Asset-backed securities, Constant default rate | 1.00% | 1.00% |
Constant Default Rate Year 6 to Maturity [Member] | Minimum [Member] | Trust Preferred - Predominantly Insurance [Member] | ' | ' |
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items] | ' | ' |
Asset-backed securities, Constant default rate | 0.50% | 0.50% |
Constant Default Rate Year 6 to Maturity [Member] | Maximum [Member] | Trust Preferred - Predominantly Insurance [Member] | ' | ' |
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items] | ' | ' |
Asset-backed securities, Constant default rate | 0.55% | 0.54% |
Fair_Value_Schedule_Of_Assets_1
Fair Value (Schedule Of Assets And Liabilities Measured At Fair Value By Class On A Recurring Basis Using Level 3 Inputs) (Details) (USD $) | 12 Months Ended | |||||||||||||||||||||||||||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||||||||||||||||||||||||||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | |||||||||||||||||||||||||||||||
Derivative Instruments, Gain (Loss) [Table Text Block] | ' | ' | ' | |||||||||||||||||||||||||||||||
Year Ended December 31, 2013 | Year Ended December 31, 2012 | |||||||||||||||||||||||||||||||||
Amount of derivative gain (loss) recognized/reclassified | ||||||||||||||||||||||||||||||||||
(In thousands) | OCI | Reclassified | Noninterest | Offset to | OCI | Reclassified | Noninterest | Offset to | ||||||||||||||||||||||||||
from AOCI | income | interest | from AOCI | income | interest | |||||||||||||||||||||||||||||
to interest | (expense) | expense | to interest | (expense) | expense | |||||||||||||||||||||||||||||
income | income | |||||||||||||||||||||||||||||||||
Derivatives designated as hedging instruments | ||||||||||||||||||||||||||||||||||
Asset derivatives | ||||||||||||||||||||||||||||||||||
Cash flow hedges 1: | ||||||||||||||||||||||||||||||||||
Interest rate swaps | $ | (225 | ) | $ | 2,647 | $ | 390 | $ | 13,062 | |||||||||||||||||||||||||
(225 | ) | 2,647 | 3 | 390 | 13,062 | 3 | ||||||||||||||||||||||||||||
Liability derivatives | ||||||||||||||||||||||||||||||||||
Fair value hedges: | ||||||||||||||||||||||||||||||||||
Terminated swaps on long-term debt | $ | 3,120 | $ | 3,054 | ||||||||||||||||||||||||||||||
Total derivatives designated as hedging instruments | (225 | ) | 2,647 | 3,120 | 390 | 13,062 | 3,054 | |||||||||||||||||||||||||||
Derivatives not designated as hedging instruments | ||||||||||||||||||||||||||||||||||
Interest rate swaps | $ | (493 | ) | $ | (1,467 | ) | ||||||||||||||||||||||||||||
Interest rate swaps for customers 2 | 10,918 | 7,858 | ||||||||||||||||||||||||||||||||
Basis swaps | — | 18 | ||||||||||||||||||||||||||||||||
Futures contracts | 2 | (13 | ) | |||||||||||||||||||||||||||||||
Foreign exchange | 9,190 | 8,628 | ||||||||||||||||||||||||||||||||
Total return swap | (21,753 | ) | (21,707 | ) | ||||||||||||||||||||||||||||||
Total derivatives not designated as hedging instruments | (2,136 | ) | (6,683 | ) | ||||||||||||||||||||||||||||||
Total derivatives | $ | (225 | ) | $ | 2,647 | $ | (2,136 | ) | $ | 3,120 | $ | 390 | $ | 13,062 | $ | (6,683 | ) | $ | 3,054 | |||||||||||||||
Note: These schedules are not intended to present at any given time the Company’s long/short position with respect to its derivative contracts. | ||||||||||||||||||||||||||||||||||
1 Amounts recognized in OCI and reclassified from AOCI represent the effective portion of the derivative gain (loss). | ||||||||||||||||||||||||||||||||||
2 Amounts include both the customer swaps and the offsetting derivative contracts. | ||||||||||||||||||||||||||||||||||
3 Amounts of $2.6 million for 2013 and $13.1 million for 2012 are the amounts of reclassification to earnings presented in the tabular changes of AOCI in Note 14. | ||||||||||||||||||||||||||||||||||
Total net gains (losses) included in, Other noninterest expense | $300,412 | $275,151 | $285,974 | |||||||||||||||||||||||||||||||
Fair value of assets, Ending balance | ' | ' | ' | |||||||||||||||||||||||||||||||
Fair value of liabilities, Ending balance | ' | ' | ' | |||||||||||||||||||||||||||||||
Municipal Securities [Member] | ' | ' | ' | |||||||||||||||||||||||||||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | |||||||||||||||||||||||||||||||
Fair value of assets, Beginning balance | 16,551 | 17,381 | ' | |||||||||||||||||||||||||||||||
Total net gains (losses) included in, Accretion of purchase discount on securities available-for-sale | 41 | 102 | ' | |||||||||||||||||||||||||||||||
Total net gains (losses) included in, Fixed income securities gains (losses), net | 239 | 9 | ' | |||||||||||||||||||||||||||||||
Total net gains (losses) included in, Other comprehensive income (loss) | 1,540 | -291 | ' | |||||||||||||||||||||||||||||||
Total net gains (losses) included in, Sales | ' | ' | ' | |||||||||||||||||||||||||||||||
Total net gains (losses) included in, Redemptions and paydowns | -7,709 | -650 | ' | |||||||||||||||||||||||||||||||
Fair value of assets, Ending balance | 10,662 | 16,551 | ' | |||||||||||||||||||||||||||||||
Trust Preferred - Banks And Insurance [Member] | ' | ' | ' | |||||||||||||||||||||||||||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | |||||||||||||||||||||||||||||||
Fair value of assets, Beginning balance | 949,271 | 929,356 | ' | |||||||||||||||||||||||||||||||
Total net gains (losses) included in, Accretion of purchase discount on securities available-for-sale | 3,166 | 7,126 | ' | |||||||||||||||||||||||||||||||
Total net gains (losses) included in, Fixed income securities gains (losses), net | -3,160 | 20,906 | ' | |||||||||||||||||||||||||||||||
Total net gains (losses) included in, Net impairment losses on investment securities | -136,221 | -96,707 | ' | |||||||||||||||||||||||||||||||
Total net gains (losses) included in, Other comprehensive income (loss) | 377,357 | 218,001 | ' | |||||||||||||||||||||||||||||||
Total net gains (losses) included in, Purchases | ' | ' | ' | |||||||||||||||||||||||||||||||
Total net gains (losses) included in, Sales | 66,303 | ' | ' | |||||||||||||||||||||||||||||||
Total net gains (losses) included in, Redemptions and paydowns | -60,989 | -129,411 | ' | |||||||||||||||||||||||||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Reclassification | 175,699 | ' | ' | |||||||||||||||||||||||||||||||
Fair value of assets, Ending balance | 1,238,820 | 949,271 | ' | |||||||||||||||||||||||||||||||
Trust Preferred Securities - Real Estate Investment Trusts [Member] | ' | ' | ' | |||||||||||||||||||||||||||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | |||||||||||||||||||||||||||||||
Fair value of assets, Beginning balance | 16,403 | 18,645 | ' | |||||||||||||||||||||||||||||||
Total net gains (losses) included in, Accretion of purchase discount on securities available-for-sale | 254 | 224 | ' | |||||||||||||||||||||||||||||||
Total net gains (losses) included in, Fixed income securities gains (losses), net | -201 | ' | ' | |||||||||||||||||||||||||||||||
Total net gains (losses) included in, Net impairment losses on investment securities | -17,430 | ' | ' | |||||||||||||||||||||||||||||||
Total net gains (losses) included in, Other comprehensive income (loss) | 24,081 | -2,466 | ' | |||||||||||||||||||||||||||||||
Total net gains (losses) included in, Sales | 111 | ' | ' | |||||||||||||||||||||||||||||||
Fair value of assets, Ending balance | 22,996 | 16,403 | ' | |||||||||||||||||||||||||||||||
Auction Rate Securities [Member] | ' | ' | ' | |||||||||||||||||||||||||||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | |||||||||||||||||||||||||||||||
Fair value of assets, Beginning balance | 6,515 | 70,020 | ' | |||||||||||||||||||||||||||||||
Total net gains (losses) included in, Accretion of purchase discount on securities available-for-sale | 3 | 4 | ' | |||||||||||||||||||||||||||||||
Total net gains (losses) included in, Fixed income securities gains (losses), net | ' | 4,161 | ' | |||||||||||||||||||||||||||||||
Total net gains (losses) included in, Other comprehensive income (loss) | 81 | 1,330 | ' | |||||||||||||||||||||||||||||||
Total net gains (losses) included in, Sales | ' | ' | ' | |||||||||||||||||||||||||||||||
Total net gains (losses) included in, Redemptions and paydowns | ' | -69,000 | ' | |||||||||||||||||||||||||||||||
Fair value of assets, Ending balance | 6,599 | 6,515 | ' | |||||||||||||||||||||||||||||||
Other Asset-Backed [Member] | ' | ' | ' | |||||||||||||||||||||||||||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | |||||||||||||||||||||||||||||||
Fair value of assets, Beginning balance | 15,160 | 43,546 | ' | |||||||||||||||||||||||||||||||
Total net gains (losses) included in, Accretion of purchase discount on securities available-for-sale | 82 | 232 | ' | |||||||||||||||||||||||||||||||
Total net gains (losses) included in, Fixed income securities gains (losses), net | 55 | -5,762 | ' | |||||||||||||||||||||||||||||||
Total net gains (losses) included in, Net impairment losses on investment securities | -11,080 | ' | ' | |||||||||||||||||||||||||||||||
Total net gains (losses) included in, Other comprehensive income (loss) | 6,950 | 8,343 | ' | |||||||||||||||||||||||||||||||
Total net gains (losses) included in, Sales | 1 | ' | ' | |||||||||||||||||||||||||||||||
Total net gains (losses) included in, Redemptions and paydowns | -5,780 | -31,199 | ' | |||||||||||||||||||||||||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Reclassification | 20,414 | ' | ' | |||||||||||||||||||||||||||||||
Fair value of assets, Ending balance | 25,800 | 15,160 | ' | |||||||||||||||||||||||||||||||
Private Equity Investments [Member] | ' | ' | ' | |||||||||||||||||||||||||||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | |||||||||||||||||||||||||||||||
Fair value of assets, Beginning balance | 64,223 | 62,327 | ' | |||||||||||||||||||||||||||||||
Total net gains (losses) included in, Dividends and other investment income | 6,662 | 10,399 | ' | |||||||||||||||||||||||||||||||
Total net gains (losses) included in, Equity securities gains, net | 3,732 | 11,478 | ' | |||||||||||||||||||||||||||||||
Total net gains (losses) included in, Purchases | 10,548 | 9,043 | ' | |||||||||||||||||||||||||||||||
Total net gains (losses) included in, Sales | -2,244 | -15,872 | ' | |||||||||||||||||||||||||||||||
Total net gains (losses) included in, Redemptions and paydowns | -511 | -13,152 | ' | |||||||||||||||||||||||||||||||
Fair value of assets, Ending balance | 82,410 | 64,223 | ' | |||||||||||||||||||||||||||||||
Derivatives [Member] | ' | ' | ' | |||||||||||||||||||||||||||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | |||||||||||||||||||||||||||||||
Derivative Instruments, Gain (Loss) [Table Text Block] | '-21753 | '-21707 | ' | |||||||||||||||||||||||||||||||
Derivatives [Member] | ' | ' | ' | |||||||||||||||||||||||||||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | |||||||||||||||||||||||||||||||
Fair value of liabilities, Beginning balance | -5,127 | -5,422 | ' | |||||||||||||||||||||||||||||||
Total net gains (losses) included, in Redemptions and paydowns, Liabilities | -22,818 | 22,002 | ' | |||||||||||||||||||||||||||||||
Fair value of liabilities, Ending balance | -4,062 | -5,127 | ' | |||||||||||||||||||||||||||||||
Other Liabilities [Member] | ' | ' | ' | |||||||||||||||||||||||||||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | |||||||||||||||||||||||||||||||
Fair value of liabilities, Beginning balance | -124 | -86 | ' | |||||||||||||||||||||||||||||||
Total net gains (losses) included in, Other noninterest expense | -117 | -38 | ' | |||||||||||||||||||||||||||||||
Fair value of liabilities, Ending balance | ($241) | ($124) | ' |
Fair_Value_Schedule_Of_Realize
Fair Value (Schedule Of Realized Gains (Losses) Using Level 3 Inputs) (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Dividends And Other Investment Income [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Realized gains (losses) from Level 3 inputs | ($133) | $1,635 |
Level 3 Equity securities gains (losses), net [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Realized gains (losses) from Level 3 inputs | -2,452 | 10,359 |
Fixed Income Securities Gains (Losses), Net [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Realized gains (losses) from Level 3 inputs | ($3,067) | $19,314 |
Fair_Value_Fair_Value_Summary_
Fair Value Fair Value (Summary of Quantitative Information Relating to the Principal Valuation Techniques and Significant Unobservable Inputs for Level 3) (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Fair Value, Inputs, Level 3 [Member] | ' | ' |
Summary of Quantitative Information Relating to the Principal Valuation Techniques and Significant Unobservable Inputs for Level 3 [Line Items] | ' | ' |
Investment securities | 1,304,877 | 1,003,900 |
Trust Preferred - Predominantly Insurance [Member] | Fair Value, Inputs, Level 3 [Member] | Asset-Backed Securities [Member] | ' | ' |
Summary of Quantitative Information Relating to the Principal Valuation Techniques and Significant Unobservable Inputs for Level 3 [Line Items] | ' | ' |
Investment securities | 346,390 | 256,104 |
Trust Preferred - Individual Banks [Member] | Fair Value, Inputs, Level 3 [Member] | Asset-Backed Securities [Member] | ' | ' |
Summary of Quantitative Information Relating to the Principal Valuation Techniques and Significant Unobservable Inputs for Level 3 [Line Items] | ' | ' |
Investment securities | 22,324 | 20,910 |
Trust Preferred - Real Estate Investment Trusts [Member] | Fair Value, Inputs, Level 3 [Member] | Asset-Backed Securities [Member] | ' | ' |
Summary of Quantitative Information Relating to the Principal Valuation Techniques and Significant Unobservable Inputs for Level 3 [Line Items] | ' | ' |
Investment securities | 22,996 | 16,403 |
Other (Including ABS CDOs) [Member] | Fair Value, Inputs, Level 3 [Member] | Asset-Backed Securities [Member] | ' | ' |
Summary of Quantitative Information Relating to the Principal Valuation Techniques and Significant Unobservable Inputs for Level 3 [Line Items] | ' | ' |
Investment securities | 25,800 | 15,160 |
Trust Preferred Predominantly Banks [Member] | Fair Value, Inputs, Level 3 [Member] | Asset-Backed Securities [Member] | ' | ' |
Summary of Quantitative Information Relating to the Principal Valuation Techniques and Significant Unobservable Inputs for Level 3 [Line Items] | ' | ' |
Investment securities | 921,819 | 798,458 |
Trust Preferred - Individual Banks [Member] | Maximum [Member] | ' | ' |
Summary of Quantitative Information Relating to the Principal Valuation Techniques and Significant Unobservable Inputs for Level 3 [Line Items] | ' | ' |
Significant Unobservable Inputs, Yield Rate | 7.80% | 9.70% |
Significant Unobservable Inputs, Price Rate | 109.60% | 108.00% |
Trust Preferred - Individual Banks [Member] | Minimum [Member] | ' | ' |
Summary of Quantitative Information Relating to the Principal Valuation Techniques and Significant Unobservable Inputs for Level 3 [Line Items] | ' | ' |
Significant Unobservable Inputs, Yield Rate | 6.60% | 9.40% |
Significant Unobservable Inputs, Price Rate | 81.25% | 73.10% |
Trust Preferred Securities - Real Estate Investment Trusts [Member] | Maximum [Member] | Asset-Backed Securities [Member] | ' | ' |
Summary of Quantitative Information Relating to the Principal Valuation Techniques and Significant Unobservable Inputs for Level 3 [Line Items] | ' | ' |
Assumption for Fair Value of Assets or Liabilities that relate to Transferor's Continuing Involvement, Static Pool Losses | 100.00% | 100.00% |
Trust Preferred Securities - Real Estate Investment Trusts [Member] | Minimum [Member] | Asset-Backed Securities [Member] | ' | ' |
Summary of Quantitative Information Relating to the Principal Valuation Techniques and Significant Unobservable Inputs for Level 3 [Line Items] | ' | ' |
Assumption for Fair Value of Assets or Liabilities that relate to Transferor's Continuing Involvement, Static Pool Losses | 60.00% | 60.00% |
Other Predominantly ABS CODs [Member] | Maximum [Member] | ' | ' |
Summary of Quantitative Information Relating to the Principal Valuation Techniques and Significant Unobservable Inputs for Level 3 [Line Items] | ' | ' |
Assumption For Fair Value Of Assets Or Liabilities Constant Default Rate | 100.00% | 100.00% |
Discount rate range of LIBOR utilized for fair value purposes | 22.00% | 22.00% |
Other Predominantly ABS CODs [Member] | Maximum [Member] | Asset-Backed Securities [Member] | ' | ' |
Summary of Quantitative Information Relating to the Principal Valuation Techniques and Significant Unobservable Inputs for Level 3 [Line Items] | ' | ' |
Assumption for Fair Value of Assets or Liabilities that relate to Transferor's Continuing Involvement, Static Pool Losses | 92.00% | 92.00% |
Other Predominantly ABS CODs [Member] | Minimum [Member] | ' | ' |
Summary of Quantitative Information Relating to the Principal Valuation Techniques and Significant Unobservable Inputs for Level 3 [Line Items] | ' | ' |
Assumption For Fair Value Of Assets Or Liabilities Constant Default Rate | 0.01% | 0.01% |
Discount rate range of LIBOR utilized for fair value purposes | 9.00% | 9.00% |
Other Predominantly ABS CODs [Member] | Minimum [Member] | Asset-Backed Securities [Member] | ' | ' |
Summary of Quantitative Information Relating to the Principal Valuation Techniques and Significant Unobservable Inputs for Level 3 [Line Items] | ' | ' |
Assumption for Fair Value of Assets or Liabilities that relate to Transferor's Continuing Involvement, Static Pool Losses | 70.00% | 70.00% |
Trust Preferred - Real Estate Investment Trusts [Member] | ' | ' |
Summary of Quantitative Information Relating to the Principal Valuation Techniques and Significant Unobservable Inputs for Level 3 [Line Items] | ' | ' |
Assumption for Fair Value of Assets or Liabilities that relate to Transferor's Continuing Involvement, Prepayment Speed | 0.00% | 0.00% |
Trust Preferred - Real Estate Investment Trusts [Member] | Maximum [Member] | ' | ' |
Summary of Quantitative Information Relating to the Principal Valuation Techniques and Significant Unobservable Inputs for Level 3 [Line Items] | ' | ' |
Discount rate range of LIBOR utilized for fair value purposes | 15.00% | 23.00% |
Trust Preferred - Real Estate Investment Trusts [Member] | Minimum [Member] | ' | ' |
Summary of Quantitative Information Relating to the Principal Valuation Techniques and Significant Unobservable Inputs for Level 3 [Line Items] | ' | ' |
Discount rate range of LIBOR utilized for fair value purposes | 5.50% | 6.50% |
Trust Preferred - Real Estate Investment Trusts [Member] | Constant Default Rate Year 2 to 3 [Member] | Maximum [Member] | ' | ' |
Summary of Quantitative Information Relating to the Principal Valuation Techniques and Significant Unobservable Inputs for Level 3 [Line Items] | ' | ' |
Assumption For Fair Value Of Assets Or Liabilities Constant Default Rate | 5.50% | 7.10% |
Trust Preferred - Real Estate Investment Trusts [Member] | Constant Default Rate Year 2 to 3 [Member] | Minimum [Member] | ' | ' |
Summary of Quantitative Information Relating to the Principal Valuation Techniques and Significant Unobservable Inputs for Level 3 [Line Items] | ' | ' |
Assumption For Fair Value Of Assets Or Liabilities Constant Default Rate | 4.60% | 4.20% |
Trust Preferred - Real Estate Investment Trusts [Member] | Constant Default Rate Year 4 to 6 [Member] | ' | ' |
Summary of Quantitative Information Relating to the Principal Valuation Techniques and Significant Unobservable Inputs for Level 3 [Line Items] | ' | ' |
Assumption For Fair Value Of Assets Or Liabilities Constant Default Rate | 1.00% | 1.00% |
Trust Preferred - Real Estate Investment Trusts [Member] | Constant Default Rate Years 7 to Maturity [Member] | ' | ' |
Summary of Quantitative Information Relating to the Principal Valuation Techniques and Significant Unobservable Inputs for Level 3 [Line Items] | ' | ' |
Assumption For Fair Value Of Assets Or Liabilities Constant Default Rate | 0.50% | 0.50% |
Trust Preferred - Real Estate Investment Trusts [Member] | Constant Default Rate Year 1 [Member] | Maximum [Member] | ' | ' |
Summary of Quantitative Information Relating to the Principal Valuation Techniques and Significant Unobservable Inputs for Level 3 [Line Items] | ' | ' |
Assumption For Fair Value Of Assets Or Liabilities Constant Default Rate | 10.60% | 8.60% |
Trust Preferred - Real Estate Investment Trusts [Member] | Constant Default Rate Year 1 [Member] | Minimum [Member] | ' | ' |
Summary of Quantitative Information Relating to the Principal Valuation Techniques and Significant Unobservable Inputs for Level 3 [Line Items] | ' | ' |
Assumption For Fair Value Of Assets Or Liabilities Constant Default Rate | 4.10% | 5.10% |
Trust Preferred - Predominantly Insurance [Member] | ' | ' |
Summary of Quantitative Information Relating to the Principal Valuation Techniques and Significant Unobservable Inputs for Level 3 [Line Items] | ' | ' |
Assumption for Fair Value of Assets or Liabilities that relate to Transferor's Continuing Involvement, Prepayment Speed | 5.00% | 4.50% |
Significant Unobservable Inputs, Loss Given Deferral Rate | ' | 2.20% |
Trust Preferred - Predominantly Insurance [Member] | Asset-Backed Securities [Member] | ' | ' |
Summary of Quantitative Information Relating to the Principal Valuation Techniques and Significant Unobservable Inputs for Level 3 [Line Items] | ' | ' |
Assumption for Fair Value of Assets or Liabilities that relate to Transferor's Continuing Involvement, Static Pool Losses | 100.00% | 100.00% |
Trust Preferred - Predominantly Insurance [Member] | Maximum [Member] | ' | ' |
Summary of Quantitative Information Relating to the Principal Valuation Techniques and Significant Unobservable Inputs for Level 3 [Line Items] | ' | ' |
Significant Unobservable Inputs, Loss Given Deferral Rate | 30.13% | ' |
Discount rate range of LIBOR utilized for fair value purposes | 6.49% | 16.21% |
Trust Preferred - Predominantly Insurance [Member] | Minimum [Member] | ' | ' |
Summary of Quantitative Information Relating to the Principal Valuation Techniques and Significant Unobservable Inputs for Level 3 [Line Items] | ' | ' |
Significant Unobservable Inputs, Loss Given Deferral Rate | 2.18% | ' |
Discount rate range of LIBOR utilized for fair value purposes | 3.72% | 3.75% |
Trust Preferred - Predominantly Insurance [Member] | Constant Default Rate Year 2 to 5 [Member] | Maximum [Member] | ' | ' |
Summary of Quantitative Information Relating to the Principal Valuation Techniques and Significant Unobservable Inputs for Level 3 [Line Items] | ' | ' |
Assumption For Fair Value Of Assets Or Liabilities Constant Default Rate | 0.89% | 0.50% |
Trust Preferred - Predominantly Insurance [Member] | Constant Default Rate Year 2 to 5 [Member] | Minimum [Member] | ' | ' |
Summary of Quantitative Information Relating to the Principal Valuation Techniques and Significant Unobservable Inputs for Level 3 [Line Items] | ' | ' |
Assumption For Fair Value Of Assets Or Liabilities Constant Default Rate | 0.53% | 0.47% |
Trust Preferred - Predominantly Insurance [Member] | Constant Default Rate Year 6 to Maturity [Member] | Maximum [Member] | ' | ' |
Summary of Quantitative Information Relating to the Principal Valuation Techniques and Significant Unobservable Inputs for Level 3 [Line Items] | ' | ' |
Assumption For Fair Value Of Assets Or Liabilities Constant Default Rate | 0.55% | 0.54% |
Trust Preferred - Predominantly Insurance [Member] | Constant Default Rate Year 6 to Maturity [Member] | Minimum [Member] | ' | ' |
Summary of Quantitative Information Relating to the Principal Valuation Techniques and Significant Unobservable Inputs for Level 3 [Line Items] | ' | ' |
Assumption For Fair Value Of Assets Or Liabilities Constant Default Rate | 0.50% | 0.50% |
Trust Preferred - Predominantly Insurance [Member] | Constant Default Rate Year 1 [Member] | Maximum [Member] | ' | ' |
Summary of Quantitative Information Relating to the Principal Valuation Techniques and Significant Unobservable Inputs for Level 3 [Line Items] | ' | ' |
Assumption For Fair Value Of Assets Or Liabilities Constant Default Rate | 1.03% | 0.32% |
Trust Preferred - Predominantly Insurance [Member] | Constant Default Rate Year 1 [Member] | Minimum [Member] | ' | ' |
Summary of Quantitative Information Relating to the Principal Valuation Techniques and Significant Unobservable Inputs for Level 3 [Line Items] | ' | ' |
Assumption For Fair Value Of Assets Or Liabilities Constant Default Rate | 0.38% | 0.30% |
Trust Preferred Predominantly Banks [Member] | Asset-Backed Securities [Member] | ' | ' |
Summary of Quantitative Information Relating to the Principal Valuation Techniques and Significant Unobservable Inputs for Level 3 [Line Items] | ' | ' |
Assumption for Fair Value of Assets or Liabilities that relate to Transferor's Continuing Involvement, Static Pool Losses | 100.00% | 100.00% |
Trust Preferred Predominantly Banks [Member] | Maximum [Member] | ' | ' |
Summary of Quantitative Information Relating to the Principal Valuation Techniques and Significant Unobservable Inputs for Level 3 [Line Items] | ' | ' |
Significant Unobservable Inputs, Loss Given Deferral Rate | 100.00% | 100.00% |
Discount rate range of LIBOR utilized for fair value purposes | 7.70% | 13.40% |
Trust Preferred Predominantly Banks [Member] | Minimum [Member] | ' | ' |
Summary of Quantitative Information Relating to the Principal Valuation Techniques and Significant Unobservable Inputs for Level 3 [Line Items] | ' | ' |
Significant Unobservable Inputs, Loss Given Deferral Rate | 14.39% | 9.69% |
Discount rate range of LIBOR utilized for fair value purposes | 5.60% | 7.70% |
Trust Preferred Predominantly Banks [Member] | Constant Default Rate Until 2016 [Member] | Maximum [Member] | ' | ' |
Summary of Quantitative Information Relating to the Principal Valuation Techniques and Significant Unobservable Inputs for Level 3 [Line Items] | ' | ' |
Assumption for Fair Value of Assets or Liabilities that relate to Transferor's Continuing Involvement, Prepayment Speed | 20.73% | 21.24% |
Trust Preferred Predominantly Banks [Member] | Constant Default Rate Until 2016 [Member] | Minimum [Member] | ' | ' |
Summary of Quantitative Information Relating to the Principal Valuation Techniques and Significant Unobservable Inputs for Level 3 [Line Items] | ' | ' |
Assumption for Fair Value of Assets or Liabilities that relate to Transferor's Continuing Involvement, Prepayment Speed | 5.50% | 10.00% |
Trust Preferred Predominantly Banks [Member] | Constant Default Rate Year 2 to 5 [Member] | Maximum [Member] | ' | ' |
Summary of Quantitative Information Relating to the Principal Valuation Techniques and Significant Unobservable Inputs for Level 3 [Line Items] | ' | ' |
Assumption For Fair Value Of Assets Or Liabilities Constant Default Rate | 1.14% | 0.67% |
Trust Preferred Predominantly Banks [Member] | Constant Default Rate Year 2 to 5 [Member] | Minimum [Member] | ' | ' |
Summary of Quantitative Information Relating to the Principal Valuation Techniques and Significant Unobservable Inputs for Level 3 [Line Items] | ' | ' |
Assumption For Fair Value Of Assets Or Liabilities Constant Default Rate | 0.49% | 0.47% |
Trust Preferred Predominantly Banks [Member] | Constant Default Rate Year 6 to Maturity [Member] | Maximum [Member] | ' | ' |
Summary of Quantitative Information Relating to the Principal Valuation Techniques and Significant Unobservable Inputs for Level 3 [Line Items] | ' | ' |
Assumption For Fair Value Of Assets Or Liabilities Constant Default Rate | 0.65% | 0.68% |
Trust Preferred Predominantly Banks [Member] | Constant Default Rate Year 6 to Maturity [Member] | Minimum [Member] | ' | ' |
Summary of Quantitative Information Relating to the Principal Valuation Techniques and Significant Unobservable Inputs for Level 3 [Line Items] | ' | ' |
Assumption For Fair Value Of Assets Or Liabilities Constant Default Rate | 0.58% | 0.58% |
Trust Preferred Predominantly Banks [Member] | Constant Default Rate 2016 to Maturity [Member] | ' | ' |
Summary of Quantitative Information Relating to the Principal Valuation Techniques and Significant Unobservable Inputs for Level 3 [Line Items] | ' | ' |
Assumption for Fair Value of Assets or Liabilities that relate to Transferor's Continuing Involvement, Prepayment Speed | 3.00% | 3.00% |
Trust Preferred Predominantly Banks [Member] | Constant Default Rate Year 1 [Member] | Maximum [Member] | ' | ' |
Summary of Quantitative Information Relating to the Principal Valuation Techniques and Significant Unobservable Inputs for Level 3 [Line Items] | ' | ' |
Assumption For Fair Value Of Assets Or Liabilities Constant Default Rate | 1.94% | 1.97% |
Trust Preferred Predominantly Banks [Member] | Constant Default Rate Year 1 [Member] | Minimum [Member] | ' | ' |
Summary of Quantitative Information Relating to the Principal Valuation Techniques and Significant Unobservable Inputs for Level 3 [Line Items] | ' | ' |
Assumption For Fair Value Of Assets Or Liabilities Constant Default Rate | 0.30% | 0.30% |
Fair_Value_Schedule_Of_Assets_2
Fair Value (Schedule Of Assets With Fair Value Changes On Nonrecurring Basis) (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Principal amount of other real estate owned property sold | $82,500,000 | $163,000,000 |
HTM Securities Adjusted For OTTI [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Fair value of assets measured on nonrecurring basis | 8,483,000 | 23,524,000 |
Gains (losses) from fair value changes | -403,000 | -7,423,000 |
Impaired Loans [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Gains (losses) from fair value changes | -1,575,000 | -4,300,000 |
Private equity investments, carried at cost [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Fair value of assets measured on nonrecurring basis | 13,270,000 | 13,520,000 |
Gains (losses) from fair value changes | -5,700,000 | -2,176,000 |
Other Real Estate Owned [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Fair value of assets measured on nonrecurring basis | 24,684,000 | 58,954,000 |
Gains (losses) from fair value changes | -13,158,000 | -20,641,000 |
Nonrecurring Fair Value Measurements Asset Totals [Domain] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Fair value of assets measured on nonrecurring basis | 58,202,000 | 140,446,000 |
Total gains (losses) from fair value changes measured on nonrecurring basis [Domain] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Gains (losses) from fair value changes | -20,836,000 | -34,540,000 |
Level 1 [Member] | HTM Securities Adjusted For OTTI [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Fair value of assets measured on nonrecurring basis | 0 | 0 |
Level 1 [Member] | Impaired Loans [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Fair value of assets measured on nonrecurring basis | 0 | 0 |
Level 1 [Member] | Private equity investments, carried at cost [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Fair value of assets measured on nonrecurring basis | 0 | 0 |
Level 1 [Member] | Other Real Estate Owned [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Fair value of assets measured on nonrecurring basis | 0 | 0 |
Level 1 [Member] | Nonrecurring Fair Value Measurements Asset Totals [Domain] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Fair value of assets measured on nonrecurring basis | 0 | 0 |
Level 2 [Member] | HTM Securities Adjusted For OTTI [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Fair value of assets measured on nonrecurring basis | 0 | 0 |
Level 2 [Member] | Impaired Loans [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Fair value of assets measured on nonrecurring basis | 11,765,000 | 44,448,000 |
Level 2 [Member] | Private equity investments, carried at cost [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Fair value of assets measured on nonrecurring basis | 0 | 0 |
Level 2 [Member] | Other Real Estate Owned [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Fair value of assets measured on nonrecurring basis | 24,684,000 | 58,954,000 |
Level 2 [Member] | Nonrecurring Fair Value Measurements Asset Totals [Domain] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Fair value of assets measured on nonrecurring basis | 36,449,000 | 103,402,000 |
Fair Value, Inputs, Level 3 [Member] | HTM Securities Adjusted For OTTI [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Fair value of assets measured on nonrecurring basis | 8,483,000 | 23,524,000 |
Fair Value, Inputs, Level 3 [Member] | Impaired Loans [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Fair value of assets measured on nonrecurring basis | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Private equity investments, carried at cost [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Fair value of assets measured on nonrecurring basis | 13,270,000 | 13,520,000 |
Fair Value, Inputs, Level 3 [Member] | Other Real Estate Owned [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Fair value of assets measured on nonrecurring basis | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Nonrecurring Fair Value Measurements Asset Totals [Domain] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Fair value of assets measured on nonrecurring basis | 21,753,000 | 37,044,000 |
Estimated Fair Value [Member] | Impaired Loans [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Fair value of assets measured on nonrecurring basis | $11,765,000 | $44,448,000 |
Fair_Value_Schedule_Of_Carryin
Fair Value (Schedule Of Carrying Values And Estimated Fair Values Of Financial Instruments) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Fair Value, Estimate Not Practicable, Financial Statement Captions [Line Items] | ' | ' |
Held-to-maturity, fair value | $609,547 | $674,741 |
Loans and Leases Receivable, Net Amount | 38,297,074 | 36,769,160 |
Time deposits | 2,593,038 | 2,962,931 |
Other short-term borrowings | 0 | 5,409 |
Long-term debt (less fair value hedges) | 2,273,575 | 2,337,113 |
Fair Value, Inputs, Level 2 [Member] | Carrying Value [Member] | ' | ' |
Fair Value, Estimate Not Practicable, Financial Statement Captions [Line Items] | ' | ' |
Time deposits | 2,593,038 | 2,962,931 |
Foreign deposits | 1,980,161 | 1,804,060 |
Other short-term borrowings | 0 | 5,409 |
Long-term debt (less fair value hedges) | 2,269,762 | 2,329,323 |
Fair Value, Inputs, Level 2 [Member] | Estimated Fair Value [Member] | ' | ' |
Fair Value, Estimate Not Practicable, Financial Statement Captions [Line Items] | ' | ' |
Time deposits | 2,602,955 | 2,988,714 |
Foreign deposits | 1,979,805 | 1,803,625 |
Other short-term borrowings | 0 | 5,421 |
Long-term debt (less fair value hedges) | 2,423,643 | 2,636,422 |
Fair Value, Inputs, Level 3 [Member] | Carrying Value [Member] | ' | ' |
Fair Value, Estimate Not Practicable, Financial Statement Captions [Line Items] | ' | ' |
Held-to-maturity, fair value | 588,981 | 756,909 |
Loans and Leases Receivable, Net Amount | 38,468,402 | 37,020,811 |
Fair Value, Inputs, Level 3 [Member] | Estimated Fair Value [Member] | ' | ' |
Fair Value, Estimate Not Practicable, Financial Statement Captions [Line Items] | ' | ' |
Held-to-maturity, fair value | 609,547 | 674,741 |
Loans and Leases Receivable, Net Amount | $38,088,242 | $37,024,198 |
Fair_Value_Transfers_of_invest
Fair Value Transfers of investments amoung fair value levels (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair Value Level Transfers Among Levels 1, 2, and 3 | $0 | $0 |
Operating_Segment_Information_1
Operating Segment Information (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||||
Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | |
Banks | Banks | |||||||||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stockholders' Equity Attributable to Noncontrolling Interest | $0 | ' | ' | ' | ($3,428,000) | ' | ' | ' | $0 | ($3,428,000) | ' | ' |
Net interest income | 432,035,000 | 415,521,000 | 430,657,000 | 418,115,000 | 429,957,000 | 438,161,000 | 426,344,000 | 437,478,000 | 1,696,328,000 | 1,731,940,000 | 1,756,185,000 | ' |
Provision for loan losses | -30,538,000 | -5,573,000 | -21,990,000 | -29,035,000 | -10,401,000 | -1,889,000 | 10,853,000 | 15,664,000 | -87,136,000 | 14,227,000 | 74,532,000 | ' |
Loans and Leases Receivable, Net of Deferred Income | 39,043,365,000 | ' | ' | ' | 37,665,247,000 | ' | ' | ' | 39,043,365,000 | 37,665,247,000 | ' | ' |
Deposits | 46,361,880,000 | ' | ' | ' | 46,133,073,000 | ' | ' | ' | 46,361,880,000 | 46,133,073,000 | ' | ' |
Carrying value, Preferred stock | 1,003,970,000 | ' | ' | ' | 1,128,302,000 | ' | ' | ' | 1,003,970,000 | 1,128,302,000 | ' | ' |
Net interest income after provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | 1,783,464,000 | 1,717,713,000 | 1,681,653,000 | ' |
Net impairment losses on investment securities | -141,733,000 | -9,067,000 | -4,217,000 | -10,117,000 | 83,808,000 | 2,736,000 | 7,308,000 | 10,209,000 | -165,134,000 | -104,061,000 | -33,683,000 | ' |
Other noninterest income | ' | ' | ' | ' | ' | ' | ' | ' | 17,940,000 | 13,129,000 | 29,607,000 | ' |
Noninterest expense | 494,750,000 | 370,663,000 | 451,678,000 | 397,348,000 | 407,014,000 | 394,975,000 | 401,656,000 | 392,372,000 | 1,714,439,000 | 1,596,017,000 | 1,658,564,000 | ' |
Income (loss) before income taxes | -63,327,000 | 172,621,000 | 126,117,000 | 171,021,000 | 87,503,000 | 170,301,000 | 142,500,000 | 141,262,000 | 406,432,000 | 541,566,000 | 521,273,000 | ' |
Income Tax Expense (Benefit) | ' | ' | ' | ' | ' | ' | ' | ' | 142,977,000 | 193,416,000 | 198,583,000 | ' |
Net income (loss) | -41,472,000 | 111,514,000 | 83,026,000 | 110,387,000 | 57,686,000 | 109,597,000 | 91,464,000 | 89,403,000 | 263,455,000 | 348,150,000 | 322,690,000 | ' |
Cash and due from banks | 1,175,083,000 | ' | ' | ' | 1,841,907,000 | ' | ' | ' | 1,175,083,000 | 1,841,907,000 | 1,224,350,000 | 924,126,000 |
Assets | 56,031,127,000 | ' | ' | ' | 55,511,918,000 | ' | ' | ' | 56,031,127,000 | 55,511,918,000 | ' | ' |
Number of community/regional banks operating in distinct geographical areas | 8 | ' | ' | ' | ' | ' | ' | ' | 8 | ' | ' | ' |
Total shareholders' equity | 6,464,563,000 | ' | ' | ' | 6,048,641,000 | ' | ' | ' | 6,464,563,000 | 6,048,641,000 | 6,983,228,000 | 6,647,214,000 |
Zions Bank [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stockholders' Equity Attributable to Noncontrolling Interest | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | 0 | ' |
Net interest income | ' | ' | ' | ' | ' | ' | ' | ' | 595,000,000 | 657,100,000 | 683,300,000 | ' |
Provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | -40,500,000 | 88,300,000 | 128,300,000 | ' |
Money Market Funds, at Carrying Value | 3,888,000,000 | ' | ' | ' | 2,855,000,000 | ' | ' | ' | 3,888,000,000 | 2,855,000,000 | 2,198,000,000 | ' |
Investment and Trading Securities | 1,520,000,000 | ' | ' | ' | 1,273,000,000 | ' | ' | ' | 1,520,000,000 | 1,273,000,000 | 1,460,000,000 | ' |
Loans and Leases Receivable, Net of Deferred Income | 12,259,000,000 | ' | ' | ' | 12,490,000,000 | ' | ' | ' | 12,259,000,000 | 12,490,000,000 | 12,751,000,000 | ' |
Deposits | 16,257,000,000 | ' | ' | ' | 15,575,000,000 | ' | ' | ' | 16,257,000,000 | 15,575,000,000 | 14,905,000,000 | ' |
Carrying value, Preferred stock | 280,000,000 | ' | ' | ' | 280,000,000 | ' | ' | ' | 280,000,000 | 280,000,000 | 480,000,000 | ' |
Average Common Equity | 1,523,000,000 | ' | ' | ' | 1,519,000,000 | ' | ' | ' | 1,523,000,000 | 1,519,000,000 | 1,379,000,000 | ' |
Net interest income after provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | 635,500,000 | 568,800,000 | 555,000,000 | ' |
Net impairment losses on investment securities | ' | ' | ' | ' | ' | ' | ' | ' | 7,700,000 | 3,200,000 | 300,000 | ' |
Loss on sale of investment securities to Parent | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' |
Other noninterest income | ' | ' | ' | ' | ' | ' | ' | ' | 199,900,000 | 221,400,000 | 219,200,000 | ' |
Noninterest expense | ' | ' | ' | ' | ' | ' | ' | ' | 481,400,000 | 493,100,000 | 547,400,000 | ' |
Income (loss) before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 346,300,000 | 293,900,000 | 226,500,000 | ' |
Income Tax Expense (Benefit) | ' | ' | ' | ' | ' | ' | ' | ' | 121,700,000 | 104,600,000 | 76,000,000 | ' |
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | 224,600,000 | 189,300,000 | 150,500,000 | ' |
Cash and due from banks | 363,000,000 | ' | ' | ' | 650,000,000 | ' | ' | ' | 363,000,000 | 650,000,000 | 416,000,000 | ' |
Assets | 18,590,000,000 | ' | ' | ' | 17,930,000,000 | ' | ' | ' | 18,590,000,000 | 17,930,000,000 | 17,531,000,000 | ' |
Total shareholders' equity | 1,803,000,000 | ' | ' | ' | 1,799,000,000 | ' | ' | ' | 1,803,000,000 | 1,799,000,000 | 1,859,000,000 | ' |
CB&T [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stockholders' Equity Attributable to Noncontrolling Interest | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | 0 | ' |
Net interest income | ' | ' | ' | ' | ' | ' | ' | ' | 469,000,000 | 466,700,000 | 506,900,000 | ' |
Provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | -16,700,000 | -7,900,000 | -9,500,000 | ' |
Money Market Funds, at Carrying Value | 1,108,000,000 | ' | ' | ' | 1,449,000,000 | ' | ' | ' | 1,108,000,000 | 1,449,000,000 | 1,090,000,000 | ' |
Investment and Trading Securities | 331,000,000 | ' | ' | ' | 350,000,000 | ' | ' | ' | 331,000,000 | 350,000,000 | 335,000,000 | ' |
Loans and Leases Receivable, Net of Deferred Income | 8,574,000,000 | ' | ' | ' | 8,259,000,000 | ' | ' | ' | 8,574,000,000 | 8,259,000,000 | 8,392,000,000 | ' |
Deposits | 9,327,000,000 | ' | ' | ' | 9,483,000,000 | ' | ' | ' | 9,327,000,000 | 9,483,000,000 | 9,192,000,000 | ' |
Carrying value, Preferred stock | 162,000,000 | ' | ' | ' | 162,000,000 | ' | ' | ' | 162,000,000 | 162,000,000 | 262,000,000 | ' |
Average Common Equity | 1,342,000,000 | ' | ' | ' | 1,322,000,000 | ' | ' | ' | 1,342,000,000 | 1,322,000,000 | 1,270,000,000 | ' |
Net interest income after provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | 485,700,000 | 474,600,000 | 516,400,000 | ' |
Net impairment losses on investment securities | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 500,000 | ' |
Loss on sale of investment securities to Parent | ' | ' | ' | ' | ' | ' | ' | ' | 0 | -9,200,000 | -43,900,000 | ' |
Other noninterest income | ' | ' | ' | ' | ' | ' | ' | ' | 79,300,000 | 75,300,000 | 105,400,000 | ' |
Noninterest expense | ' | ' | ' | ' | ' | ' | ' | ' | 352,400,000 | 330,200,000 | 355,000,000 | ' |
Income (loss) before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 212,600,000 | 210,500,000 | 222,400,000 | ' |
Income Tax Expense (Benefit) | ' | ' | ' | ' | ' | ' | ' | ' | 72,500,000 | 83,400,000 | 88,000,000 | ' |
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | 140,100,000 | 127,100,000 | 134,400,000 | ' |
Cash and due from banks | 157,000,000 | ' | ' | ' | 205,000,000 | ' | ' | ' | 157,000,000 | 205,000,000 | 175,000,000 | ' |
Assets | 10,923,000,000 | ' | ' | ' | 11,069,000,000 | ' | ' | ' | 10,923,000,000 | 11,069,000,000 | 10,894,000,000 | ' |
Total shareholders' equity | 1,504,000,000 | ' | ' | ' | 1,484,000,000 | ' | ' | ' | 1,504,000,000 | 1,484,000,000 | 1,532,000,000 | ' |
Amegy [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stockholders' Equity Attributable to Noncontrolling Interest | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | 0 | ' |
Net interest income | ' | ' | ' | ' | ' | ' | ' | ' | 381,500,000 | 371,500,000 | 391,200,000 | ' |
Provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | 4,200,000 | -63,900,000 | -37,400,000 | ' |
Money Market Funds, at Carrying Value | 2,551,000,000 | ' | ' | ' | 2,308,000,000 | ' | ' | ' | 2,551,000,000 | 2,308,000,000 | 2,222,000,000 | ' |
Investment and Trading Securities | 362,000,000 | ' | ' | ' | 439,000,000 | ' | ' | ' | 362,000,000 | 439,000,000 | 475,000,000 | ' |
Loans and Leases Receivable, Net of Deferred Income | 9,217,000,000 | ' | ' | ' | 8,450,000,000 | ' | ' | ' | 9,217,000,000 | 8,450,000,000 | 8,031,000,000 | ' |
Deposits | 11,198,000,000 | ' | ' | ' | 10,706,000,000 | ' | ' | ' | 11,198,000,000 | 10,706,000,000 | 9,731,000,000 | ' |
Carrying value, Preferred stock | 226,000,000 | ' | ' | ' | 251,000,000 | ' | ' | ' | 226,000,000 | 251,000,000 | 488,000,000 | ' |
Average Common Equity | 1,845,000,000 | ' | ' | ' | 1,725,000,000 | ' | ' | ' | 1,845,000,000 | 1,725,000,000 | 1,630,000,000 | ' |
Net interest income after provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | 377,300,000 | 435,400,000 | 428,600,000 | ' |
Net impairment losses on investment securities | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' |
Loss on sale of investment securities to Parent | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' |
Other noninterest income | ' | ' | ' | ' | ' | ' | ' | ' | 146,400,000 | 156,100,000 | 138,400,000 | ' |
Noninterest expense | ' | ' | ' | ' | ' | ' | ' | ' | 333,400,000 | 340,200,000 | 324,900,000 | ' |
Income (loss) before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 190,300,000 | 251,300,000 | 242,100,000 | ' |
Income Tax Expense (Benefit) | ' | ' | ' | ' | ' | ' | ' | ' | 59,800,000 | 84,600,000 | 80,500,000 | ' |
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | 130,500,000 | 166,700,000 | 161,600,000 | ' |
Cash and due from banks | 437,000,000 | ' | ' | ' | 754,000,000 | ' | ' | ' | 437,000,000 | 754,000,000 | 406,000,000 | ' |
Assets | 13,705,000,000 | ' | ' | ' | 13,119,000,000 | ' | ' | ' | 13,705,000,000 | 13,119,000,000 | 12,282,000,000 | ' |
Total shareholders' equity | 2,071,000,000 | ' | ' | ' | 1,976,000,000 | ' | ' | ' | 2,071,000,000 | 1,976,000,000 | 2,118,000,000 | ' |
NBA [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stockholders' Equity Attributable to Noncontrolling Interest | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | 0 | ' |
Net interest income | ' | ' | ' | ' | ' | ' | ' | ' | 163,000,000 | 167,700,000 | 172,100,000 | ' |
Provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | -15,000,000 | -600,000 | 9,600,000 | ' |
Money Market Funds, at Carrying Value | 220,000,000 | ' | ' | ' | 385,000,000 | ' | ' | ' | 220,000,000 | 385,000,000 | 604,000,000 | ' |
Investment and Trading Securities | 362,000,000 | ' | ' | ' | 263,000,000 | ' | ' | ' | 362,000,000 | 263,000,000 | 271,000,000 | ' |
Loans and Leases Receivable, Net of Deferred Income | 3,724,000,000 | ' | ' | ' | 3,604,000,000 | ' | ' | ' | 3,724,000,000 | 3,604,000,000 | 3,304,000,000 | ' |
Deposits | 3,931,000,000 | ' | ' | ' | 3,874,000,000 | ' | ' | ' | 3,931,000,000 | 3,874,000,000 | 3,731,000,000 | ' |
Carrying value, Preferred stock | 120,000,000 | ' | ' | ' | 180,000,000 | ' | ' | ' | 120,000,000 | 180,000,000 | 305,000,000 | ' |
Average Common Equity | 418,000,000 | ' | ' | ' | 399,000,000 | ' | ' | ' | 418,000,000 | 399,000,000 | 350,000,000 | ' |
Net interest income after provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | 178,000,000 | 168,300,000 | 162,500,000 | ' |
Net impairment losses on investment securities | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' |
Loss on sale of investment securities to Parent | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' |
Other noninterest income | ' | ' | ' | ' | ' | ' | ' | ' | 35,000,000 | 32,100,000 | 34,400,000 | ' |
Noninterest expense | ' | ' | ' | ' | ' | ' | ' | ' | 142,700,000 | 152,500,000 | 154,700,000 | ' |
Income (loss) before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 70,300,000 | 47,900,000 | 42,200,000 | ' |
Income Tax Expense (Benefit) | ' | ' | ' | ' | ' | ' | ' | ' | 26,400,000 | 17,000,000 | 16,700,000 | ' |
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | 43,900,000 | 30,900,000 | 25,500,000 | ' |
Cash and due from banks | 77,000,000 | ' | ' | ' | 86,000,000 | ' | ' | ' | 77,000,000 | 86,000,000 | 71,000,000 | ' |
Assets | 4,579,000,000 | ' | ' | ' | 4,575,000,000 | ' | ' | ' | 4,579,000,000 | 4,575,000,000 | 4,485,000,000 | ' |
Total shareholders' equity | 538,000,000 | ' | ' | ' | 579,000,000 | ' | ' | ' | 538,000,000 | 579,000,000 | 655,000,000 | ' |
NSB [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stockholders' Equity Attributable to Noncontrolling Interest | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | 0 | ' |
Net interest income | ' | ' | ' | ' | ' | ' | ' | ' | 113,600,000 | 123,400,000 | 135,000,000 | ' |
Provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | -12,000,000 | -9,600,000 | -38,300,000 | ' |
Money Market Funds, at Carrying Value | 710,000,000 | ' | ' | ' | 1,031,000,000 | ' | ' | ' | 710,000,000 | 1,031,000,000 | 905,000,000 | ' |
Investment and Trading Securities | 774,000,000 | ' | ' | ' | 742,000,000 | ' | ' | ' | 774,000,000 | 742,000,000 | 748,000,000 | ' |
Loans and Leases Receivable, Net of Deferred Income | 2,297,000,000 | ' | ' | ' | 2,100,000,000 | ' | ' | ' | 2,297,000,000 | 2,100,000,000 | 2,235,000,000 | ' |
Deposits | 3,590,000,000 | ' | ' | ' | 3,604,000,000 | ' | ' | ' | 3,590,000,000 | 3,604,000,000 | 3,546,000,000 | ' |
Carrying value, Preferred stock | 50,000,000 | ' | ' | ' | 140,000,000 | ' | ' | ' | 50,000,000 | 140,000,000 | 260,000,000 | ' |
Average Common Equity | 317,000,000 | ' | ' | ' | 298,000,000 | ' | ' | ' | 317,000,000 | 298,000,000 | 273,000,000 | ' |
Net interest income after provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | 125,600,000 | 133,000,000 | 173,300,000 | ' |
Net impairment losses on investment securities | ' | ' | ' | ' | ' | ' | ' | ' | 3,300,000 | 0 | 0 | ' |
Loss on sale of investment securities to Parent | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' |
Other noninterest income | ' | ' | ' | ' | ' | ' | ' | ' | 37,800,000 | 33,700,000 | 37,400,000 | ' |
Noninterest expense | ' | ' | ' | ' | ' | ' | ' | ' | 131,800,000 | 133,600,000 | 139,300,000 | ' |
Income (loss) before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 28,300,000 | 33,100,000 | 71,400,000 | ' |
Income Tax Expense (Benefit) | ' | ' | ' | ' | ' | ' | ' | ' | 9,500,000 | 11,300,000 | 24,800,000 | ' |
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | 18,800,000 | 21,800,000 | 46,600,000 | ' |
Cash and due from banks | 79,000,000 | ' | ' | ' | 59,000,000 | ' | ' | ' | 79,000,000 | 59,000,000 | 73,000,000 | ' |
Assets | 3,980,000,000 | ' | ' | ' | 4,061,000,000 | ' | ' | ' | 3,980,000,000 | 4,061,000,000 | 4,100,000,000 | ' |
Total shareholders' equity | 367,000,000 | ' | ' | ' | 438,000,000 | ' | ' | ' | 367,000,000 | 438,000,000 | 533,000,000 | ' |
Vectra [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stockholders' Equity Attributable to Noncontrolling Interest | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | 0 | ' |
Net interest income | ' | ' | ' | ' | ' | ' | ' | ' | 102,700,000 | 108,700,000 | 104,300,000 | ' |
Provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | -4,900,000 | 7,000,000 | 14,000,000 | ' |
Money Market Funds, at Carrying Value | 6,000,000 | ' | ' | ' | 31,000,000 | ' | ' | ' | 6,000,000 | 31,000,000 | 52,000,000 | ' |
Investment and Trading Securities | 166,000,000 | ' | ' | ' | 187,000,000 | ' | ' | ' | 166,000,000 | 187,000,000 | 227,000,000 | ' |
Loans and Leases Receivable, Net of Deferred Income | 2,278,000,000 | ' | ' | ' | 2,128,000,000 | ' | ' | ' | 2,278,000,000 | 2,128,000,000 | 1,914,000,000 | ' |
Deposits | 2,178,000,000 | ' | ' | ' | 2,164,000,000 | ' | ' | ' | 2,178,000,000 | 2,164,000,000 | 2,004,000,000 | ' |
Carrying value, Preferred stock | 70,000,000 | ' | ' | ' | 70,000,000 | ' | ' | ' | 70,000,000 | 70,000,000 | 70,000,000 | ' |
Average Common Equity | 246,000,000 | ' | ' | ' | 224,000,000 | ' | ' | ' | 246,000,000 | 224,000,000 | 200,000,000 | ' |
Net interest income after provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | 107,600,000 | 101,700,000 | 90,300,000 | ' |
Net impairment losses on investment securities | ' | ' | ' | ' | ' | ' | ' | ' | 100,000 | 600,000 | 800,000 | ' |
Loss on sale of investment securities to Parent | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | -28,900,000 | ' |
Other noninterest income | ' | ' | ' | ' | ' | ' | ' | ' | 24,600,000 | 25,300,000 | 21,700,000 | ' |
Noninterest expense | ' | ' | ' | ' | ' | ' | ' | ' | 99,500,000 | 98,300,000 | 100,700,000 | ' |
Income (loss) before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 32,600,000 | 28,100,000 | -18,400,000 | ' |
Income Tax Expense (Benefit) | ' | ' | ' | ' | ' | ' | ' | ' | 11,200,000 | 9,200,000 | -8,300,000 | ' |
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | 21,400,000 | 18,900,000 | -10,100,000 | ' |
Cash and due from banks | 51,000,000 | ' | ' | ' | 58,000,000 | ' | ' | ' | 51,000,000 | 58,000,000 | 55,000,000 | ' |
Assets | 2,571,000,000 | ' | ' | ' | 2,511,000,000 | ' | ' | ' | 2,571,000,000 | 2,511,000,000 | 2,341,000,000 | ' |
Total shareholders' equity | 316,000,000 | ' | ' | ' | 294,000,000 | ' | ' | ' | 316,000,000 | 294,000,000 | 270,000,000 | ' |
TCBW [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stockholders' Equity Attributable to Noncontrolling Interest | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | 0 | ' |
Net interest income | ' | ' | ' | ' | ' | ' | ' | ' | 27,300,000 | 27,400,000 | 29,600,000 | ' |
Provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | -1,800,000 | 400,000 | 7,800,000 | ' |
Money Market Funds, at Carrying Value | 181,000,000 | ' | ' | ' | 251,000,000 | ' | ' | ' | 181,000,000 | 251,000,000 | 143,000,000 | ' |
Investment and Trading Securities | 91,000,000 | ' | ' | ' | 104,000,000 | ' | ' | ' | 91,000,000 | 104,000,000 | 126,000,000 | ' |
Loans and Leases Receivable, Net of Deferred Income | 630,000,000 | ' | ' | ' | 571,000,000 | ' | ' | ' | 630,000,000 | 571,000,000 | 562,000,000 | ' |
Deposits | 793,000,000 | ' | ' | ' | 791,000,000 | ' | ' | ' | 793,000,000 | 791,000,000 | 693,000,000 | ' |
Carrying value, Preferred stock | 3,000,000 | ' | ' | ' | 3,000,000 | ' | ' | ' | 3,000,000 | 3,000,000 | 15,000,000 | ' |
Average Common Equity | 87,000,000 | ' | ' | ' | 82,000,000 | ' | ' | ' | 87,000,000 | 82,000,000 | 75,000,000 | ' |
Net interest income after provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | 29,100,000 | 27,000,000 | 21,800,000 | ' |
Net impairment losses on investment securities | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' |
Loss on sale of investment securities to Parent | ' | ' | ' | ' | ' | ' | ' | ' | -2,700,000 | 0 | -4,800,000 | ' |
Other noninterest income | ' | ' | ' | ' | ' | ' | ' | ' | 4,100,000 | 3,800,000 | 3,500,000 | ' |
Noninterest expense | ' | ' | ' | ' | ' | ' | ' | ' | 18,800,000 | 18,900,000 | 16,700,000 | ' |
Income (loss) before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 11,700,000 | 11,900,000 | 3,800,000 | ' |
Income Tax Expense (Benefit) | ' | ' | ' | ' | ' | ' | ' | ' | 4,000,000 | 4,000,000 | 1,100,000 | ' |
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | 7,700,000 | 7,900,000 | 2,700,000 | ' |
Cash and due from banks | 28,000,000 | ' | ' | ' | 22,000,000 | ' | ' | ' | 28,000,000 | 22,000,000 | 28,000,000 | ' |
Assets | 943,000,000 | ' | ' | ' | 961,000,000 | ' | ' | ' | 943,000,000 | 961,000,000 | 874,000,000 | ' |
Total shareholders' equity | 90,000,000 | ' | ' | ' | 85,000,000 | ' | ' | ' | 90,000,000 | 85,000,000 | 90,000,000 | ' |
Other Banks [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stockholders' Equity Attributable to Noncontrolling Interest | 0 | ' | ' | ' | -3,000,000 | ' | ' | ' | 0 | -3,000,000 | -2,000,000 | ' |
Net interest income | ' | ' | ' | ' | ' | ' | ' | ' | -155,800,000 | -190,600,000 | -266,200,000 | ' |
Provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | -400,000 | 500,000 | 0 | ' |
Money Market Funds, at Carrying Value | -207,000,000 | ' | ' | ' | 444,000,000 | ' | ' | ' | -207,000,000 | 444,000,000 | -91,000,000 | ' |
Investment and Trading Securities | 719,000,000 | ' | ' | ' | 519,000,000 | ' | ' | ' | 719,000,000 | 519,000,000 | 437,000,000 | ' |
Loans and Leases Receivable, Net of Deferred Income | 64,000,000 | ' | ' | ' | 63,000,000 | ' | ' | ' | 64,000,000 | 63,000,000 | 69,000,000 | ' |
Deposits | -912,000,000 | ' | ' | ' | -64,000,000 | ' | ' | ' | -912,000,000 | -64,000,000 | -926,000,000 | ' |
Carrying value, Preferred stock | 93,000,000 | ' | ' | ' | 42,000,000 | ' | ' | ' | 93,000,000 | 42,000,000 | 497,000,000 | ' |
Average Common Equity | -317,000,000 | ' | ' | ' | -645,000,000 | ' | ' | ' | -317,000,000 | -645,000,000 | -569,000,000 | ' |
Net interest income after provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | -155,400,000 | -191,100,000 | -266,200,000 | ' |
Net impairment losses on investment securities | ' | ' | ' | ' | ' | ' | ' | ' | 154,000,000 | 100,300,000 | 32,100,000 | ' |
Loss on sale of investment securities to Parent | ' | ' | ' | ' | ' | ' | ' | ' | 2,700,000 | 9,200,000 | 77,600,000 | ' |
Other noninterest income | ' | ' | ' | ' | ' | ' | ' | ' | -24,600,000 | -23,700,000 | -28,100,000 | ' |
Noninterest expense | ' | ' | ' | ' | ' | ' | ' | ' | 154,400,000 | 29,200,000 | 19,900,000 | ' |
Income (loss) before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | -485,700,000 | -335,100,000 | -268,700,000 | ' |
Income Tax Expense (Benefit) | ' | ' | ' | ' | ' | ' | ' | ' | -162,200,000 | -120,700,000 | -80,200,000 | ' |
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | -323,500,000 | -214,400,000 | -188,500,000 | ' |
Cash and due from banks | -17,000,000 | ' | ' | ' | 8,000,000 | ' | ' | ' | -17,000,000 | 8,000,000 | 0 | ' |
Assets | 740,000,000 | ' | ' | ' | 1,286,000,000 | ' | ' | ' | 740,000,000 | 1,286,000,000 | 642,000,000 | ' |
Total shareholders' equity | -224,000,000 | ' | ' | ' | -606,000,000 | ' | ' | ' | -224,000,000 | -606,000,000 | -74,000,000 | ' |
Consolidated Company [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stockholders' Equity Attributable to Noncontrolling Interest | 0 | ' | ' | ' | -3,000,000 | ' | ' | ' | 0 | -3,000,000 | -2,000,000 | ' |
Net interest income | ' | ' | ' | ' | ' | ' | ' | ' | 1,696,300,000 | 1,731,900,000 | 1,756,200,000 | ' |
Provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | -87,100,000 | 14,200,000 | 74,500,000 | ' |
Money Market Funds, at Carrying Value | 8,457,000,000 | ' | ' | ' | 8,754,000,000 | ' | ' | ' | 8,457,000,000 | 8,754,000,000 | 7,123,000,000 | ' |
Investment and Trading Securities | 4,325,000,000 | ' | ' | ' | 3,877,000,000 | ' | ' | ' | 4,325,000,000 | 3,877,000,000 | 4,079,000,000 | ' |
Loans and Leases Receivable, Net of Deferred Income | 39,043,000,000 | ' | ' | ' | 37,665,000,000 | ' | ' | ' | 39,043,000,000 | 37,665,000,000 | 37,258,000,000 | ' |
Deposits | 46,362,000,000 | ' | ' | ' | 46,133,000,000 | ' | ' | ' | 46,362,000,000 | 46,133,000,000 | 42,876,000,000 | ' |
Carrying value, Preferred stock | 1,004,000,000 | ' | ' | ' | 1,128,000,000 | ' | ' | ' | 1,004,000,000 | 1,128,000,000 | 2,377,000,000 | ' |
Average Common Equity | 5,461,000,000 | ' | ' | ' | 4,924,000,000 | ' | ' | ' | 5,461,000,000 | 4,924,000,000 | 4,608,000,000 | ' |
Net interest income after provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | 1,783,400,000 | 1,717,700,000 | 1,681,700,000 | ' |
Net impairment losses on investment securities | ' | ' | ' | ' | ' | ' | ' | ' | 165,100,000 | 104,100,000 | 33,700,000 | ' |
Loss on sale of investment securities to Parent | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' |
Other noninterest income | ' | ' | ' | ' | ' | ' | ' | ' | 502,500,000 | 524,000,000 | 531,900,000 | ' |
Noninterest expense | ' | ' | ' | ' | ' | ' | ' | ' | 1,714,400,000 | 1,596,000,000 | 1,658,600,000 | ' |
Income (loss) before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 406,400,000 | 541,600,000 | 521,300,000 | ' |
Income Tax Expense (Benefit) | ' | ' | ' | ' | ' | ' | ' | ' | 142,900,000 | 193,400,000 | 198,600,000 | ' |
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | 263,500,000 | 348,200,000 | 322,700,000 | ' |
Cash and due from banks | 1,175,000,000 | ' | ' | ' | 1,842,000,000 | ' | ' | ' | 1,175,000,000 | 1,842,000,000 | 1,224,000,000 | ' |
Assets | 56,031,000,000 | ' | ' | ' | 55,512,000,000 | ' | ' | ' | 56,031,000,000 | 55,512,000,000 | 53,149,000,000 | ' |
Total shareholders' equity | $6,465,000,000 | ' | ' | ' | $6,049,000,000 | ' | ' | ' | $6,465,000,000 | $6,049,000,000 | $6,983,000,000 | ' |
Quarterly_Financial_Informatio1
Quarterly Financial Information (Financial Information By Quarter) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Quarterly Financial Information Disclosure [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gross interest income | $490,017 | $473,407 | $493,233 | $484,748 | $498,257 | $509,000 | $512,588 | $518,877 | $1,941,405 | $2,038,722 | $2,188,581 |
Net interest income | 432,035 | 415,521 | 430,657 | 418,115 | 429,957 | 438,161 | 426,344 | 437,478 | 1,696,328 | 1,731,940 | 1,756,185 |
Provision for loan losses | -30,538 | -5,573 | -21,990 | -29,035 | -10,401 | -1,889 | 10,853 | 15,664 | -87,136 | 14,227 | 74,532 |
Net impairment losses on investment securities | -141,733 | -9,067 | -4,217 | -10,117 | 83,808 | 2,736 | 7,308 | 10,209 | -165,134 | -104,061 | -33,683 |
Investment securities gains (losses), net | -6,310 | 4,745 | 1,056 | 6,131 | 9,577 | 5,729 | 5,626 | 9,865 | 5,622 | 30,797 | ' |
Other noninterest income | 116,893 | 126,512 | 128,309 | 125,205 | 128,390 | 122,233 | 130,347 | 112,164 | 496,919 | 493,134 | ' |
Noninterest expense | 494,750 | 370,663 | 451,678 | 397,348 | 407,014 | 394,975 | 401,656 | 392,372 | 1,714,439 | 1,596,017 | 1,658,564 |
Income before income taxes | -63,327 | 172,621 | 126,117 | 171,021 | 87,503 | 170,301 | 142,500 | 141,262 | 406,432 | 541,566 | 521,273 |
Net income (loss) | -41,472 | 111,514 | 83,026 | 110,387 | 57,686 | 109,597 | 91,464 | 89,403 | 263,455 | 348,150 | 322,690 |
Net income (loss) applicable to controlling interest | ' | ' | ' | ' | 58,252 | 109,851 | 91,737 | 89,676 | 263,791 | 349,516 | 323,804 |
Net income (loss) applicable to controlling interest | -41,472 | 111,514 | 83,026 | 110,723 | ' | ' | ' | ' | 263,791 | 349,516 | 323,804 |
Preferred stock dividends | 17,965 | 27,507 | 27,641 | 22,399 | 22,647 | 47,529 | 36,522 | 64,187 | -95,512 | -170,885 | -170,414 |
Preferred stock redemption | 125,700 | 0 | 0 | 0 | ' | ' | ' | ' | 125,700 | 0 | 0 |
Net earnings applicable to common shareholders | ($59,437) | $209,707 | $55,385 | $88,324 | $35,605 | $62,322 | $55,215 | $25,489 | $293,979 | $178,631 | $153,390 |
Basic, per share | ($0.32) | $1.13 | $0.30 | $0.48 | $0.19 | $0.34 | $0.30 | $0.14 | $1.58 | $0.97 | $0.83 |
Diluted | ($0.32) | $1.12 | $0.30 | $0.48 | $0.19 | $0.34 | $0.30 | $0.14 | $1.58 | $0.97 | $0.83 |
Parent_Company_Financial_Infor2
Parent Company Financial Information (Condensed Balance Sheets) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
In Thousands, unless otherwise specified | ||||
Held-to-maturity, fair value | $609,547 | $674,741 | ' | ' |
Cash and due from banks | 1,175,083 | 1,841,907 | 1,224,350 | 924,126 |
Interest-bearing deposits | 8,175,048 | 5,978,978 | ' | ' |
Held-to-maturity Securities | 588,981 | 756,909 | ' | ' |
Available-for-sale, at fair value | 3,701,886 | 3,091,310 | ' | ' |
Other noninterest-bearing investments | 855,642 | 855,462 | ' | ' |
Other assets | 926,228 | 1,290,917 | ' | ' |
Total assets | 56,031,127 | 55,511,918 | ' | ' |
Other liabilities | 501,056 | 533,660 | ' | ' |
Other short-term borrowings | 0 | 5,409 | ' | ' |
Long-term debt | 2,273,575 | 2,337,113 | ' | ' |
Total liabilities | 49,566,564 | 49,463,277 | ' | ' |
Preferred stock | 1,003,970 | 1,128,302 | ' | ' |
Common stock | 4,179,024 | 4,166,109 | ' | ' |
Retained earnings | 1,473,670 | 1,203,815 | ' | ' |
Accumulated Other Comprehensive Income (Loss), Net of Tax | -192,101 | -446,157 | -592,084 | ' |
Total shareholders' equity | 6,464,563 | 6,048,641 | 6,983,228 | 6,647,214 |
Total liabilities and shareholders' equity | 56,031,127 | 55,511,918 | ' | ' |
Allowance for loan losses | 746,291 | 896,087 | 1,051,685 | ' |
Parent Company [Member] | ' | ' | ' | ' |
Held-to-maturity, fair value | 31,422 | 22,112 | ' | ' |
Cash and due from banks | 902,697 | 2,001 | 11 | 1,848 |
Interest-bearing deposits | 72 | 75,808 | ' | ' |
Security Resell Agreements Amount Outstanding | 0 | 575,000 | ' | ' |
Held-to-maturity Securities | 17,359 | 22,679 | ' | ' |
Available-for-sale, at fair value | 675,895 | 461,665 | ' | ' |
Loans, net of unearned fees of $0 and $0 and allowance for loan losses of $23 and $71 | 0 | 1,277 | ' | ' |
Other noninterest-bearing investments | 37,154 | 50,799 | ' | ' |
Other assets | 278,392 | 311,093 | ' | ' |
Total assets | 8,687,930 | 8,248,731 | ' | ' |
Other liabilities | 200,729 | 106,159 | ' | ' |
Subordinated debt to affiliated trusts | 15,464 | 309,278 | ' | ' |
Total liabilities | 2,223,367 | 2,196,662 | ' | ' |
Preferred stock | 1,003,970 | 1,128,302 | ' | ' |
Common stock | 4,179,024 | 4,166,109 | ' | ' |
Retained earnings | 1,473,670 | 1,203,815 | ' | ' |
Accumulated Other Comprehensive Income (Loss), Net of Tax | -192,101 | -446,157 | ' | ' |
Total shareholders' equity | 6,464,563 | 6,052,069 | ' | ' |
Total liabilities and shareholders' equity | 8,687,930 | 8,248,731 | ' | ' |
Unamortized Loan Commitment and Origination Fees and Unamortized Discounts or Premiums | 0 | 0 | ' | ' |
Allowance for loan losses | 0 | 23 | ' | ' |
Parent Company [Member] | Due To Others [Member] | ' | ' | ' | ' |
Other short-term borrowings | 0 | 4,951 | ' | ' |
Long-term debt | 2,007,157 | 1,776,274 | ' | ' |
Parent Company [Member] | Due To Affiliates [Member] | ' | ' | ' | ' |
Long-term debt | 17 | 0 | ' | ' |
Parent Company [Member] | Nonoperating - ZMFU II, Inc. [Member] | ' | ' | ' | ' |
Investments in subsidiaries | 44,511 | 43,012 | ' | ' |
Parent Company [Member] | Other Operating Companies [Member] | ' | ' | ' | ' |
Investments in subsidiaries | 31,535 | 36,516 | ' | ' |
Parent Company [Member] | Commercial Banks And Bank Holding Company [Member] | ' | ' | ' | ' |
Investments in subsidiaries | $6,700,315 | $6,668,881 | ' | ' |
Parent_Company_Financial_Infor3
Parent Company Financial Information (Condensed Statements Of Income) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Other loans and securities | ' | ' | ' | ' | ' | ' | ' | ' | $1,814,600 | $1,889,884 | $2,049,928 |
Total interest income | 490,017 | 473,407 | 493,233 | 484,748 | 498,257 | 509,000 | 512,588 | 518,877 | 1,941,405 | 2,038,722 | 2,188,581 |
Total interest expense | ' | ' | ' | ' | ' | ' | ' | ' | 245,077 | 306,782 | 432,396 |
Net interest loss | -432,035 | -415,521 | -430,657 | -418,115 | -429,957 | -438,161 | -426,344 | -437,478 | -1,696,328 | -1,731,940 | -1,756,185 |
Provision for loan losses | 30,538 | 5,573 | 21,990 | 29,035 | 10,401 | 1,889 | -10,853 | -15,664 | 87,136 | -14,227 | -74,532 |
Net interest loss after provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | 1,783,464 | 1,717,713 | 1,681,653 |
Net impairment losses on investment securities | -141,733 | -9,067 | -4,217 | -10,117 | 83,808 | 2,736 | 7,308 | 10,209 | -165,134 | -104,061 | -33,683 |
Other income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | 17,940 | 13,129 | 29,607 |
Total noninterest income | ' | ' | ' | ' | ' | ' | ' | ' | 337,407 | 419,870 | 498,184 |
Salaries and employee benefits | ' | ' | ' | ' | ' | ' | ' | ' | 912,918 | 885,661 | 874,293 |
Total noninterest expense | 494,750 | 370,663 | 451,678 | 397,348 | 407,014 | 394,975 | 401,656 | 392,372 | 1,714,439 | 1,596,017 | 1,658,564 |
Income taxes (benefit) | ' | ' | ' | ' | ' | ' | ' | ' | 142,977 | 193,416 | 198,583 |
Net Income (Loss) Attributable to Parent | -41,472 | 111,514 | 83,026 | 110,723 | ' | ' | ' | ' | 263,791 | 349,516 | 323,804 |
Preferred stock dividends | -17,965 | -27,507 | -27,641 | -22,399 | -22,647 | -47,529 | -36,522 | -64,187 | 95,512 | 170,885 | 170,414 |
Net earnings applicable to common shareholders | -59,437 | 209,707 | 55,385 | 88,324 | 35,605 | 62,322 | 55,215 | 25,489 | 293,979 | 178,631 | 153,390 |
Parent Company [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Commercial bank subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | 757 | 836 | 2,519 |
Other subsidiaries and affiliates | ' | ' | ' | ' | ' | ' | ' | ' | 105 | 386 | 63 |
Other loans and securities | ' | ' | ' | ' | ' | ' | ' | ' | 17,764 | 18,993 | 13,640 |
Total interest income | ' | ' | ' | ' | ' | ' | ' | ' | 18,626 | 20,215 | 16,222 |
Affiliated trusts | ' | ' | ' | ' | ' | ' | ' | ' | 8,483 | 24,053 | 24,027 |
Other borrowed funds | ' | ' | ' | ' | ' | ' | ' | ' | 171,304 | 195,195 | 274,843 |
Total interest expense | ' | ' | ' | ' | ' | ' | ' | ' | 179,787 | 219,248 | 298,870 |
Net interest loss | ' | ' | ' | ' | ' | ' | ' | ' | 161,161 | 199,033 | 282,648 |
Provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | 23 | 10 | 38 |
Net interest loss after provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | -161,138 | -199,023 | -282,610 |
Equity and fixed income securities gains (losses), net | ' | ' | ' | ' | ' | ' | ' | ' | -7,332 | 86 | 426 |
Net impairment losses on investment securities | ' | ' | ' | ' | ' | ' | ' | ' | 95,637 | 74,153 | 26,810 |
Other income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | -8,397 | -6,562 | 4,203 |
Total noninterest income | ' | ' | ' | ' | ' | ' | ' | ' | 310,240 | 221,417 | 63,320 |
Salaries and employee benefits | ' | ' | ' | ' | ' | ' | ' | ' | 26,014 | 20,507 | 19,033 |
Extinguishment of Debt, Amount | ' | ' | ' | ' | ' | ' | ' | ' | 120,192 | 0 | 0 |
Other operating expenses | ' | ' | ' | ' | ' | ' | ' | ' | 1,436 | 395 | 4,176 |
Total noninterest expense | ' | ' | ' | ' | ' | ' | ' | ' | 147,642 | 20,902 | 23,209 |
Income (loss) before income taxes and undistributed income (loss) of consolidated subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | 1,460 | 1,492 | -242,499 |
Income taxes (benefit) | ' | ' | ' | ' | ' | ' | ' | ' | -133,798 | -108,541 | -104,395 |
Income before equity in undistributed income (loss) of consolidated subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | 135,258 | 110,033 | -138,104 |
Net Income (Loss) Attributable to Parent | ' | ' | ' | ' | ' | ' | ' | ' | 263,791 | 349,516 | 323,804 |
Preferred stock dividends | ' | ' | ' | ' | ' | ' | ' | ' | -95,512 | -170,885 | -170,414 |
Preferred stock redemption | ' | ' | ' | ' | ' | ' | ' | ' | 125,700 | 0 | 0 |
Net earnings applicable to common shareholders | ' | ' | ' | ' | ' | ' | ' | ' | 293,979 | 178,631 | 153,390 |
Parent Company [Member] | Nonoperating - ZMFU II, Inc. [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividends from consolidated subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 50,000 | 0 |
Equity in undistributed income (loss) of consolidated subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | 514 | -49,515 | 789 |
Parent Company [Member] | Other Operating Companies [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividends from consolidated subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | 200 | 5,440 | 14,151 |
Equity in undistributed income (loss) of consolidated subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | -4,887 | -15,561 | -27,687 |
Parent Company [Member] | Commercial Banks And Bank Holding Company [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividends from consolidated subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | 421,406 | 246,606 | 71,350 |
Equity in undistributed income (loss) of consolidated subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | $132,906 | $304,559 | $488,806 |
Parent_Company_Financial_Infor4
Parent Company Financial Information (Condensed Statements Of Cash Flows) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Net income (loss) applicable to controlling interest | $263,791 | $349,516 | $323,804 |
Net cash used in operating activities | 876,566 | 736,195 | 1,068,748 |
Net cash provided by (used in) investing activities | -1,393,160 | -1,879,542 | -2,464,125 |
Net change in short-term funds borrowed | -12,274 | -370,264 | -208,541 |
Proceeds from issuance of long-term debt | 646,408 | 757,610 | 106,065 |
Repayments of long-term debt | -832,122 | -372,891 | -8,663 |
Payments of Debt Extinguishment Costs | 45,812 | 0 | 0 |
Other, net | -10,252 | -7,533 | -3,508 |
Net cash provided by (used in) financing activities | -150,230 | 1,760,904 | 1,695,601 |
Net increase (decrease) in cash and due from banks | -666,824 | 617,557 | 300,224 |
Cash and Due From Banks - Beginning of Year | 1,175,083 | 1,841,907 | 1,224,350 |
Interest paid | 191,897 | 214,673 | 263,338 |
Asset Impairment Charges | 165,134 | 106,545 | 35,686 |
Other Noncash Income (Expense) | -1,356 | 29,002 | 1,691 |
Parent Company [Member] | ' | ' | ' |
Net income (loss) applicable to controlling interest | 263,791 | 349,516 | 323,804 |
Undistributed net losses (income) of consolidated subsidiaries | 128,533 | 239,483 | 461,908 |
Net cash used in operating activities | 420,185 | 188,562 | -83,789 |
Net decrease (increase) in interest-bearing deposits | 650,736 | 305,668 | -408,811 |
Collection of advances to subsidiaries | 10,000 | 23,190 | 6,425 |
Advances to subsidiaries | 10,000 | 23,000 | 6,250 |
Proceeds from Sale and Maturity of Marketable Securities | 27,916 | 5,433 | 1,259,262 |
Purchases of investment securities | 4,858 | 3,980 | 575,887 |
Decrease (increase) of investment in subsidiaries | 175,000 | 764,290 | 113,834 |
Other, net | 10,642 | 3,814 | 9,642 |
Net cash provided by (used in) investing activities | 859,436 | 1,075,415 | 398,215 |
Net change in short-term funds borrowed | -3,368 | -110,995 | -165,500 |
Proceeds from issuance of long-term debt | 646,408 | 757,610 | 101,821 |
Repayments of long-term debt | 835,031 | 372,312 | 117,975 |
Payments of Debt Extinguishment Costs | -45,812 | 0 | 0 |
Proceeds from issuance of preferred stock | 784,318 | 141,342 | 0 |
Proceeds from issuance of common stock and warrants | 9,825 | 1,898 | 25,686 |
Cash paid for preferred stock redemption | 799,468 | 1,542,500 | 0 |
Dividends paid on preferred stock | 95,512 | 126,189 | 148,774 |
Dividends paid on common stock | 24,148 | 7,392 | 7,361 |
Other, net | -16,137 | -3,449 | -4,160 |
Net cash provided by (used in) financing activities | -378,925 | -1,261,987 | -316,263 |
Net increase (decrease) in cash and due from banks | 900,696 | 1,990 | -1,837 |
Cash and Due From Banks - Beginning of Year | 902,697 | 2,001 | 11 |
Interest paid | 125,900 | 124,100 | 126,700 |
Asset Impairment Charges | 95,637 | 74,153 | 26,810 |
Extinguishment of Debt, Amount | 120,192 | 0 | 0 |
Other Noncash Income (Expense) | $69,098 | $4,376 | $27,505 |