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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2013
INCOME TAXES |
Components of provision for income taxes |
|  | Year Ended December 31, |
|  | 2013 |  | 2012 |  | 2011 |
|  | (Dollars in thousands) |
Current income tax expense (benefit): |  |  |  |  |  |  |
Federal |  | $ | 131,236 |  | $ | 148,572 |  | $ | (86,157) |
State |  | 44,389 |  | 2,316 |  | 34,760 |
Foreign |  | 208 |  | 5,704 |  | — |
Total current income tax expense (benefit) |  | 175,833 |  | 156,592 |  | (51,397) |
Deferred income tax (benefit) expense: |  |  |  |  |  |  |
Federal |  | (32,963) |  | (38,749) |  | 193,834 |
State |  | (13,677) |  | 26,099 |  | (7,706) |
Foreign |  | 1,612 |  | — |  | 3,369 |
Total deferred income tax (benefit) expense |  | (45,028) |  | (12,650) |  | 189,497 |
Provision for income taxes |  | $ | 130,805 |  | $ | 143,942 |  | $ | 138,100 |
Difference between the effective tax rate implicit in the consolidated financial statements and the statutory federal income tax rate |
|  | Year Ended December 31, |
|  | 2013 |  | 2012 |  | 2011 |
Federal income tax provision at statutory rate |  | 35.0% |  | 35.0% |  | 35.0% |
State franchise taxes, net of federal tax effect |  | 4.7 |  | 4.3 |  | 4.3 |
Tax credits |  | (8.4) |  | (5.3) |  | (2.7) |
Other, net |  | (0.6) |  | (0.2) |  | (0.6) |
Effective income tax rate |  | 30.7% |  | 33.8% |  | 36.0% |
Tax effects of temporary differences that give rise to significant portions of the deferred tax assets (liabilities) |
|  | December 31, |
|  | 2013 |  | 2012 |
|  | Federal |  | State |  | Foreign |  | Total |  | Federal |  | State |  | Foreign |  | Total |
|  | (In thousands) |
Deferred tax liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Core deposit intangibles |  | $ | (16,422) |  | $ | (4,642) |  | $ | — |  | $ | (21,064) |  | $ | (15,755) |  | $ | (4,635) |  | $ | 133 |  | $ | (20,257) |
Affordable housing partnerships and other investments |  | (14,158) |  | (1,730) |  | — |  | (15,888) |  | (16,221) |  | (4,337) |  | — |  | (20,558) |
Fixed assets |  | (15,594) |  | (3,879) |  | — |  | (19,473) |  | (17,201) |  | (4,289) |  | — |  | (21,490) |
FHLB stock |  | (11,337) |  | (3,224) |  | — |  | (14,561) |  | (17,670) |  | (9,140) |  | — |  | (26,810) |
Deferred loan fees |  | (1,976) |  | (557) |  | — |  | (2,533) |  | (2,523) |  | (719) |  | — |  | (3,242) |
Purchased loan discounts |  | (98) |  | (28) |  | — |  | (126) |  | (126) |  | (36) |  | — |  | (162) |
State taxes |  | (1,079) |  | — |  | — |  | (1,079) |  | (7,894) |  | — |  | — |  | (7,894) |
Mortgage servicing assets |  | — |  | — |  | — |  | — |  | (1,812) |  | (517) |  | — |  | (2,329) |
Section 597 gain |  | (48,370) |  | (1,317) |  | — |  | (49,687) |  | (94,231) |  | (2,684) |  | — |  | (96,915) |
FDIC receivable |  | (245,907) |  | (6,695) |  | — |  | (252,602) |  | (318,741) |  | (9,405) |  | — |  | (328,146) |
Acquired debt |  | (10,812) |  | (1,042) |  | — |  | (11,854) |  | (10,812) |  | (1,061) |  | (300) |  | (12,173) |
Other, net |  | (6,805) |  | 923 |  | — |  | (5,882) |  | (604) |  | 627 |  | — |  | 23 |
Total gross deferred tax (liabilities) |  | (372,558) |  | (22,191) |  | — |  | (394,749) |  | (503,590) |  | (36,196) |  | (167) |  | (539,953) |
Deferred tax assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses and REO reserves |  | 93,018 |  | 23,046 |  | — |  | 116,064 |  | 93,924 |  | 23,281 |  | (5,220) |  | 111,985 |
Deferred compensation |  | 13,322 |  | 3,824 |  | — |  | 17,146 |  | 18,213 |  | 5,262 |  | — |  | 23,475 |
Mortgage servicing assets |  | 287 |  | 81 |  | — |  | 368 |  | — |  | — |  | — |  | — |
Purchased loan premium |  | 424 |  | 120 |  | — |  | 544 |  | 485 |  | 139 |  | — |  | 624 |
Unrealized loss on securities |  | 62,535 |  | 19,177 |  | — |  | 81,712 |  | 47,567 |  | 12,816 |  | — |  | 60,383 |
Net operating loss carryforwards |  | — |  | 993 |  | — |  | 993 |  | — |  | 698 |  | — |  | 698 |
Acquired loans and REOs |  | 366,290 |  | 26,959 |  | 959 |  | 394,208 |  | 478,825 |  | 29,796 |  | 7,957 |  | 516,578 |
Other, net |  | 30,768 |  | 8,716 |  | 97 |  | 39,581 |  | 9,021 |  | 3,177 |  | 97 |  | 12,295 |
Total gross deferred tax assets |  | 566,644 |  | 82,916 |  | 1,056 |  | 650,616 |  | 648,035 |  | 75,169 |  | 2,834 |  | 726,038 |
Valuation allowance |  | — |  | (337) |  | — |  | (337) |  | — |  | (372) |  | — |  | (372) |
Net deferred tax assets |  | $ | 194,086 |  | $ | 60,388 |  | $ | 1,056 |  | $ | 255,530 |  | $ | 144,445 |  | $ | 38,601 |  | $ | 2,667 |  | $ | 185,713 |
Summary of the activity related to unrecognized tax benefits |
|  | Year Ended December 31, |
|  | 2013 |  | 2012 |
|  | (Dollars in thousands) |
Balance, beginning of year |  | $ | 3,457 |  | $ | 3,332 |
Additions for tax positions of prior years |  | 232 |  | — |
Reductions for tax positions of prior years |  | — |  | — |
Additions for tax positions of current year |  | 988 |  | 1,060 |
Settlements |  | — |  | (935) |
Balance, end of year |  | $ | 4,677 |  | $ | 3,457 |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 + Details
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