XML 68 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements Of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Operating Activities:    
Net income $ 34,500 $ 32,052
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for credit losses 1,880 15,687
Depreciation and amortization 7,753 6,782
Stock-based compensation expense 1,681 2,413
Tax benefit from stock-based compensation arrangements 3 200
Excess tax benefits from stock-based compensation arrangements (156) (222)
Net amortization of premium on securities 233 3,424
Mortgage servicing rights fair value change, net 253 (273)
Originations and purchases of mortgage loans held-for-sale (527,272) (974,432)
Proceeds from sales of mortgage loans held-for-sale 658,588 1,033,129
Increase in trading securities, net (571) (453)
Net decrease (increase) in brokerage customer receivables 4,069 (750)
Gains on mortgage loans sold (12,220) (27,419)
Losses (gains) on available-for-sale securities, net 33 (251)
Loss on sales of premises and equipment, net 795 1
Net loss (gains) on sales and fair value adjustments of other real estate owned 2,460 (2,658)
Decrease in accrued interest receivable and other assets, net 27,584 32,068
Decrease in accrued interest payable and other liabilities, net (37,348) (19,617)
Net Cash Provided by Operating Activities 162,265 99,681
Investing Activities:    
Proceeds from maturities of available-for-sale securities 98,007 67,941
Proceeds from sales of available-for-sale securities 14,800 41,056
Purchases of available-for-sale securities (349,979) (192,379)
Divestiture of operations 0 (149,100)
Proceeds from sales of other real estate owned 20,362 30,641
Proceeds received from the FDIC related to reimbursements on covered assets 9,669 13,932
Net (increase) decrease in interest-bearing deposits with banks (45,390) 350,441
Net increase in loans (227,040) (52,143)
Purchases of premises and equipment, net (7,596) (6,508)
Net Cash (Used for) Provided by Investing Activities (487,167) 103,881
Financing Activities:    
Increase (decrease) in deposit accounts 460,551 (314,618)
(Decrease) increase in other borrowings, net (24,018) 11,576
Decrease in Federal Home Loan Bank advances, net (30,000) 0
Excess tax benefits from stock-based compensation arrangements 156 222
Issuance of common shares resulting from exercise of stock options, employee stock purchase plan and conversion of common stock warrants 3,668 1,354
Common stock repurchases (380) (349)
Dividends paid (6,201) (3,574)
Net Cash Provided by (Used for) Financing Activities 403,776 (305,389)
Net Increase (Decrease) in Cash and Cash Equivalents 78,874 (101,827)
Cash and Cash Equivalents at Beginning of Period 263,864 315,028
Cash and Cash Equivalents at End of Period $ 342,738 $ 213,201