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BUSINESS SEGMENTS (Tables) | 6 Months Ended
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Jun. 30, 2015
BUSINESS SEGMENTS |
Operating results and key financial measures for operating segments |
|  | Three Months Ended June 30, 2015
($ in thousands) |  | Retail Banking |  | Commercial Banking |  | Other |  | Total
Interest income |  | $ | 82,729 |  |  | $ | 157,337 |  |  | $ | 15,379 |  |  | $ | 255,445 |
Charge for funds used |  | (21,357 | ) |  | (38,328 | ) |  | (13,723 | ) |  | (73,408 | )
Interest spread on funds used |  | 61,372 |  |  | 119,009 |  |  | 1,656 |  |  | 182,037 |
Interest expense |  | (12,996 | ) |  | (4,710 | ) |  | (10,247 | ) |  | (27,953 | )
Credit on funds provided |  | 60,950 |  |  | 7,995 |  |  | 4,463 |  |  | 73,408 |
Interest spread on funds provided |  | 47,954 |  |  | 3,285 |  |  | (5,784 | ) |  | 45,455 |
Net interest income (loss) |  | $ | 109,326 |  |  | $ | 122,294 |  |  | $ | (4,128 | ) |  | $ | 227,492 |
(Reversal of) provision for loan losses |  | $ | (3,454 | ) |  | $ | 6,948 |  |  | $ | — |  |  | $ | 3,494 |
Depreciation, amortization and accretion (1) |  | $ | 3,235 |  |  | $ | (6,054 | ) |  | $ | 8,938 |  |  | $ | 6,119 |
Goodwill |  | $ | 357,207 |  |  | $ | 112,226 |  |  | $ | — |  |  | $ | 469,433 |
Segment pre-tax profit (loss) |  | $ | 55,349 |  |  | $ | 97,269 |  |  | $ | (8,197 | ) |  | $ | 144,421 |
Segment assets |  | $ | 7,373,641 |  |  | $ | 16,141,368 |  |  | $ | 6,549,063 |  |  | $ | 30,064,072 |
|  | Three Months Ended June 30, 2014
($ in thousands) |  | Retail Banking |  | Commercial Banking |  | Other |  | Total
Interest income |  | $ | 99,792 |  |  | $ | 181,880 |  |  | $ | 12,770 |  |  | $ | 294,442 |
Charge for funds used |  | (23,854 | ) |  | (34,281 | ) |  | (9,929 | ) |  | (68,064 | )
Interest spread on funds used |  | 75,938 |  |  | 147,599 |  |  | 2,841 |  |  | 226,378 |
Interest expense |  | (11,950 | ) |  | (3,421 | ) |  | (12,621 | ) |  | (27,992 | )
Credit on funds provided |  | 54,139 |  |  | 8,983 |  |  | 4,942 |  |  | 68,064 |
Interest spread on funds provided |  | 42,189 |  |  | 5,562 |  |  | (7,679 | ) |  | 40,072 |
Net interest income (loss) |  | $ | 118,127 |  |  | $ | 153,161 |  |  | $ | (4,838 | ) |  | $ | 266,450 |
(Reversal of) provision for loan losses |  | $ | (440 | ) |  | $ | 8,440 |  |  | $ | — |  |  | $ | 8,000 |
Depreciation, amortization and accretion (1) (2) |  | $ | 4,096 |  |  | $ | (1,286 | ) |  | $ | 12,148 |  |  | $ | 14,958 |
Goodwill |  | $ | 354,163 |  |  | $ | 104,304 |  |  | $ | — |  |  | $ | 458,467 |
Segment pre-tax profit (loss) (2) |  | $ | 48,939 |  |  | $ | 77,844 |  |  | $ | (3,817 | ) |  | $ | 122,966 |
Segment assets (2) |  | $ | 7,822,020 |  |  | $ | 14,177,634 |  |  | $ | 5,557,346 |  |  | $ | 27,557,000 |
(1) | Includes amortization and accretion related to the FDIC indemnification asset.
(2) | Prior periods were restated to reflect the retrospective application of adopting the new accounting guidance related to the Company’s investments in qualified affordable housing projects ASU 2014-01. See Note 10 of the Notes to Consolidated Financial Statements for additional information.
|  | Six Months Ended June 30, 2015
($ in thousands) |  | Retail Banking |  | Commercial Banking |  | Other |  | Total
Interest income |  | $ | 170,175 |  |  | $ | 316,122 |  |  | $ | 32,409 |  |  | $ | 518,706 |
Charge for funds used |  | (44,656 | ) |  | (75,678 | ) |  | (23,168 | ) |  | (143,502 | )
Interest spread on funds used |  | 125,519 |  |  | 240,444 |  |  | 9,241 |  |  | 375,204 |
Interest expense |  | (25,219 | ) |  | (8,973 | ) |  | (21,305 | ) |  | (55,497 | )
Credit on funds provided |  | 118,618 |  |  | 16,010 |  |  | 8,874 |  |  | 143,502 |
Interest spread on funds provided |  | 93,399 |  |  | 7,037 |  |  | (12,431 | ) |  | 88,005 |
Net interest income (loss) |  | $ | 218,918 |  |  | $ | 247,481 |  |  | $ | (3,190 | ) |  | $ | 463,209 |
(Reversal of) provision for loan losses |  | $ | (2,723 | ) |  | $ | 11,204 |  |  | $ | — |  |  | $ | 8,481 |
Depreciation, amortization and accretion (1) |  | $ | 4,917 |  |  | $ | (16,531 | ) |  | $ | 21,860 |  |  | $ | 10,246 |
Goodwill |  | $ | 357,207 |  |  | $ | 112,226 |  |  | $ | — |  |  | $ | 469,433 |
Segment pre-tax profit (loss) |  | $ | 108,284 |  |  | $ | 190,444 |  |  | $ | (7,481 | ) |  | $ | 291,247 |
Segment assets |  | $ | 7,373,641 |  |  | $ | 16,141,368 |  |  | $ | 6,549,063 |  |  | $ | 30,064,072 |
|  | Six Months Ended June 30, 2014
($ in thousands) |  | Retail Banking |  | Commercial Banking |  | Other |  | Total
Interest income |  | $ | 198,517 |  |  | $ | 350,956 |  |  | $ | 31,142 |  |  | $ | 580,615 |
Charge for funds used |  | (48,150 | ) |  | (66,098 | ) |  | (14,312 | ) |  | (128,560 | )
Interest spread on funds used |  | 150,367 |  |  | 284,858 |  |  | 16,830 |  |  | 452,055 |
Interest expense |  | (23,661 | ) |  | (6,701 | ) |  | (25,837 | ) |  | (56,199 | )
Credit on funds provided |  | 102,332 |  |  | 17,419 |  |  | 8,809 |  |  | 128,560 |
Interest spread on funds provided |  | 78,671 |  |  | 10,718 |  |  | (17,028 | ) |  | 72,361 |
Net interest income (loss) |  | $ | 229,038 |  |  | $ | 295,576 |  |  | $ | (198 | ) |  | $ | 524,416 |
Provision for loan losses |  | $ | 2,212 |  |  | $ | 12,721 |  |  | $ | — |  |  | $ | 14,933 |
Depreciation, amortization and accretion (1) (2) |  | $ | 6,667 |  |  | $ | (4,614 | ) |  | $ | 21,968 |  |  | $ | 24,021 |
Goodwill |  | $ | 354,163 |  |  | $ | 104,304 |  |  | $ | — |  |  | $ | 458,467 |
Segment pre-tax profit (loss) (2) |  | $ | 93,355 |  |  | $ | 154,769 |  |  | $ | (8,995 | ) |  | $ | 239,129 |
Segment assets (2) |  | $ | 7,822,020 |  |  | $ | 14,177,634 |  |  | $ | 5,557,346 |  |  | $ | 27,557,000 |
(1) | Includes amortization and accretion related to the FDIC indemnification asset.
(2) | Prior periods were restated to reflect the retrospective application of adopting the new accounting guidance related to the Company’s investments in qualified affordable housing projects ASU 2014-01. See Note 10 of the Notes to Consolidated Financial Statements for additional information.

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