XML 70 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements Of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Operating Activities:    
Net income $ 32,052 $ 23,210
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for credit losses 15,687 17,400
Depreciation and amortization 6,782 5,627
Stock-based compensation expense 2,413 2,289
Tax benefit from stock-based compensation arrangements (200) (12)
Excess tax benefits from stock-based compensation arrangements (222) (643)
Net amortization (accretion) of premium on securities 3,424 (2,092)
Mortgage servicing rights fair value change and amortization, net (273) (514)
Originations and purchases of mortgage loans held-for-sale (974,432) (714,655)
Proceeds from sales of mortgage loans held-for-sale 1,033,129 699,315
Bank owned life insurance income, net of claims (846) (919)
(Increase) decrease in trading securities, net (453) 1,350
Net increase in brokerage customer receivables (750) (3,160)
Gains on mortgage loans sold (27,419) (14,464)
Gains on available-for-sale securities, net (251) (816)
Gain on bargain purchases, net 0 (840)
Loss on sales of premises and equipment, net 1 12
Net (gain) loss on sales and fair value adjustments of other real estate owned 2,658 (5,496)
Decrease in accrued interest receivable and other assets, net (32,914) (10,040)
Decrease in accrued interest payable and other liabilities, net (19,617) (11,689)
Net Cash Provided by Operating Activities 99,681 14,959
Investing Activities:    
Proceeds from maturities of available-for-sale securities 67,941 280,110
Proceeds from sales of available-for-sale securities 41,056 737,369
Purchases of available-for-sale securities (192,379) (952,853)
Net cash received for acquisitions 0 8,191
Divestiture of operations (149,100) 0
Proceeds from sales of other real estate owned 30,641 25,768
Proceeds received from the FDIC related to reimbursements on covered assets 13,932 82,278
Net decrease (increase) in interest-bearing deposits with banks 350,441 (151,033)
Net increase in loans (52,143) (221,051)
Purchases of premises and equipment, net (6,508) (8,501)
Net Cash Provided by (Used for) Investing Activities 103,881 (199,722)
Financing Activities:    
(Decrease) increase in deposit accounts (314,618) 269,326
Increase (decrease) in other borrowings, net 11,576 (34,141)
Decrease in Federal Home Loan Bank advances, net 0 (8,000)
Excess tax benefits from stock-based compensation arrangements 222 643
Debt defeasance 0 (172,848)
Net proceeds from issuance of Series C preferred stock 0 122,690
Issuance of common shares resulting from exercise of stock options, employee stock purchase plan and conversion of common stock warrants 1,354 8,699
Common stock repurchases (349) (6,447)
Dividends paid (3,574) (4,261)
Net Cash (Used for) Provided by Financing Activities (305,389) 175,661
Net Decrease in Cash and Cash Equivalents (101,827) (9,102)
Cash and Cash Equivalents at Beginning of Period 315,028 169,704
Cash and Cash Equivalents at End of Period $ 213,201 $ 160,602