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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2020
Income Tax Disclosure [Abstract] |
Schedule Of Components Of Income Tax Expense (Benefit) | The components of income tax expense from operations for the years ended December 31, 2020, 2019 and 2018 were as follows:
(In thousands) | Current | Deferred | Total
Year ended December 31, 2020: |  |  |
U.S. federal | $ | 92,035 |  | $ | (14,055) |  | $ | 77,980 |
State and local | 14,798 |  | (5,485) |  | 9,313 |
Total | $ | 106,833 |  | $ | (19,540) |  | $ | 87,293 |
Year ended December 31, 2019: |  |  |
U.S. federal | $ | 82,556 |  | $ | 11,388 |  | $ | 93,944 |
State and local | 12,323 |  | 2,807 |  | 15,130 |
Total | $ | 94,879 |  | $ | 14,195 |  | $ | 109,074 |
Year ended December 31, 2018: |  |  |
U.S. federal | $ | 90,390 |  | $ | 3,220 |  | $ | 93,610 |
State and local | 10,223 |  | 2,116 |  | 12,339 |
Total | $ | 100,613 |  | $ | 5,336 |  | $ | 105,949 |
Schedule Of Income Tax Expense Recorded Directly To Stockholders Equity | The components of income tax (benefit) expense recorded directly to stockholders’ equity for the years ended December 31, 2020, 2019 and 2018 were as follows:
(In thousands) | 2020 | 2019 | 2018
Unrealized gain (loss) on available for sale debt securities | $ | 53,909 |  | $ | 50,163 |  | $ | (18,634) |
Change in fair value on cash flow hedges | 20,795 |  | 7,818 |  | 2,286 |
Accumulated pension (benefit) loss | (1,059) |  | 389 |  | 222 |
Adoption of ASU 2016-13 | $ | 1,183 |  | $ | — |  | $ | — |
Income tax (benefit) expense allocated to stockholders’ equity | $ | 74,828 |  | $ | 58,370 |  | $ | (16,126) |
Components Of Deferred Tax Assets And Liabilities | Significant components of the Company’s deferred tax assets and liabilities at December 31, 2020 and 2019 were as follows:
(In thousands) | 2020 | 2019
Deferred tax assets: |  |
Loans, principally due to allowance for credit losses | $ | 62,849 |  | $ | 39,387 |
Equity-based compensation | 7,870 |  | 7,554 |
Deferred compensation | 7,173 |  | 6,662 |
Accrued Expenses | 5,569 |  | 4,013 |
Unearned fee income | 5,329 |  | 5,053 |
Other | 6,648 |  | 4,057 |
Total deferred tax assets | 95,438 |  | 66,726 |
Deferred tax liabilities: |  |
Unrealized gain on securities available for sale | 87,933 |  | 34,024 |
Equipment lease financing | 74,538 |  | 68,814 |
Cash flow hedges | 29,382 |  | 9,015 |
Land, buildings and equipment | 20,114 |  | 17,202 |
Intangibles | 7,015 |  | 6,491 |
Other | 7,895 |  | 7,331 |
Total deferred tax liabilities | 226,877 |  | 142,877 |
Net deferred tax liabilities | $ | (131,439) |  | $ | (76,151) |
Schedule Of Company's Actual Income Tax Expense | A reconciliation between the expected federal income tax expense using the federal statutory tax rate of 21%, and the Company's actual income tax expense for 2020, 2019, and 2018 is provided below. The effective tax rate is calculated by dividing income taxes by income before income taxes less the non-controlling interest expense.
(In thousands) | 2020 | 2019 | 2018
Computed “expected” tax expense | $ | 92,683 |  | $ | 111,364 |  | $ | 113,293 |
Increase (decrease) in income taxes resulting from: |  |  |
Tax-exempt interest, net of cost to carry | (10,013) |  | (10,973) |  | (11,502) |
State and local income taxes, net of federal tax benefit | 7,357 |  | 11,953 |  | 9,748 |
Share-based award payments | (3,090) |  | (3,337) |  | (3,928) |
Other | 356 |  | 67 |  | (1,662) |
Total income tax expense | $ | 87,293 |  | $ | 109,074 |  | $ | 105,949 |
Schedule Of Accrued Liability For Unrecognized Tax Benefit | The activity in the accrued liability for unrecognized tax benefits for the years ended December 31, 2020 and 2019 was as follows:
(In thousands) | 2020 | 2019
Unrecognized tax benefits at beginning of year | $ | 1,372 |  | $ | 1,257 |
Gross increases – tax positions in prior period | 3 |  | 18 |
Gross decreases – tax positions in prior period | (51) |  | (4) |
Gross increases – current-period tax positions | 266 |  | 361 |
Lapse of statute of limitations | (259) |  | (260) |
Unrecognized tax benefits at end of year | $ | 1,331 |  | $ | 1,372 |
The Company and its subsidiaries are subject to income tax by federal, state and local government taxing authorities. Tax years 2017 through 2020 remain open to examination for U.S. federal income tax and for major state taxing jurisdictions.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
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- Definition Tabular disclosure for 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 and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32718-109319 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32840-109319 + Details
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