XML 63 R42.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Note 12 - Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2015
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
|  | Year Ended December 31, |
|  | 2015 |  |  | 2014 |  |  | 2013 |
|  | (In thousands) |
Current: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 31,587 |  |  | $ | 36,180 |  |  | $ | 62,254 |
State |  |  | 26,396 |  |  |  | 14,481 |  |  |  | 23,295 |
Total Current |  | $ | 57,983 |  |  | $ | 50,661 |  |  | $ | 85,549 |
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | 3,738 |  |  |  | 23,783 |  |  |  | (11,162 | )
State |  |  | (1,734 | ) |  |  | 7,521 |  |  |  | (3,952 | )
Total Deferred |  | $ | 2,004 |  |  | $ | 31,304 |  |  | $ | (15,114 | )
Total income tax expense |  | $ | 59,987 |  |  | $ | 81,965 |  |  | $ | 70,435 |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
|  | As of December 31, |
|  | 2015 |  |  | 2014 |
|  | (In thousands) |
Deferred Tax Assets |  |  |  |  |  |  |  |
Loan loss allowance, due to differences in computation of bad debts |  | $ | 59,639 |  |  | $ | 66,999 |
Share-based compensation |  |  | 7,513 |  |  |  | 12,808 |
Accrual for bonuses |  |  | 4,984 |  |  |  | 4,585 |
Non-accrual interest |  |  | 4,929 |  |  |  | 3,735 |
Accrual for litigation |  |  | 3,209 |  |  |  | 2,918 |
Write-down on equity securities and venture capital investments |  |  | 3,981 |  |  |  | 2,697 |
Write-down on other real estate owned |  |  | 384 |  |  |  | 1,357 |
Depreciation and amortization |  |  | 2,917 |  |  |  | - |
State tax |  |  | 4,802 |  |  |  | 3,253 |
Unrealized loss on interest rate swaps |  |  | 2,173 |  |  |  | 1,739 |
Unrealized loss on securities available-for-sale, net |  |  | 3,940 |  |  |  | 2,301 |
Other, net |  |  | 1,743 |  |  |  | 2,179 |
Gross deferred tax assets |  |  | 100,214 |  |  |  | 104,571 |
Deferred Tax Liabilities |  |  |  |  |  |  |  |
Investment in affordable housing partnerships |  |  | (1,444 | ) |  |  | (703 | )
Basis difference in acquired assets |  |  | (4,947 | ) |  |  | (3,321 | )
Dividends on Federal Home Loan Bank common stock |  |  | (1,322 | ) |  |  | (1,927 | )
Other, net |  |  | (1,937 | ) |  |  | (2,372 | )
Gross deferred tax liabilities |  |  | (9,650 | ) |  |  | (8,323 | )
Net deferred tax assets |  | $ | 90,564 |  |  | $ | 96,248 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
|  | 2015 |  |  | 2014 |  |  | 2013 |
|  | (In thousands) |
Tax provision at Federal statutory rate |  | $ | 77,384 |  |  |  | 35.0 | % |  | $ | 76,928 |  |  |  | 35.0 | % |  | $ | 67,752 |  |  |  | 35.0 | %
State income taxes, net of Federal income tax benefit |  |  | 14,656 |  |  |  | 6.6 |  |  |  | 14,324 |  |  |  | 6.6 |  |  |  | 12,573 |  |  |  | 6.5 |
Interest on obligations of state and political subdivisions, which are exempt from Federal taxation |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (348 | ) |  |  | (0.2 | )
Low income housing and other tax credits |  |  | (30,986 | ) |  |  | (14.0 | ) |  |  | (10,014 | ) |  |  | (4.6 | ) |  |  | (10,056 | ) |  |  | (5.2 | )
Other, net |  |  | (1,067 | ) |  |  | (0.5 | ) |  |  | 727 |  |  |  | 0.3 |  |  |  | 514 |  |  |  | 0.3 |
Total income tax expense |  | $ | 59,987 |  |  |  | 27.1 | % |  | $ | 81,965 |  |  |  | 37.3 | % |  | $ | 70,435 |  |  |  | 36.4 | %

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration