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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net loss $ (43,344) $ (197,639)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation 12,082 9,863
Amortization of core deposit intangible 1,177 1,297
Provision for loan and lease losses 147,916 317,758
Deferred income tax expense 3,565 5,047
Stock-based compensation recognized 46 47
Gain on sale of investments, net (40,611) (55,604)
Loss on early extinguishment of borrowings 1,823  
Other-than-temporary impairments on investment securities 607 603
Equity in losses of unconsolidated entities 1,536  
Derivatives instruments and hedging activities loss (gain) 1,448 (1,676)
Gain on sale of assets FB Insurance VI (2,845)  
Net gain on sale of loans and impairments (12,955) (526)
Net amortization of premiums and discounts on deferred loan fees and costs (873) 802
Net decrease (increase) in mortgage loans held for sale 2,381 (8,845)
Amortization of broker placement fees 9,542 10,787
Net amortization of premium and discounts on investment securities 2,038 3,293
Increase in accrued income tax payable 1,816 909
Decrease in accrued interest receivable 7,342 12,132
Increase (decrease) in accrued interest payable 1,948 (276)
Increase in other assets (14,503) (298)
(Decrease) increase in other liabilities (5,382) 13,727
Total adjustments 118,098 309,040
Net cash provided by operating activities 74,754 111,401
Cash flows from investing activities:    
Principal collected on loans 1,186,329 2,118,978
Loans originated (985,980) (1,141,868)
Purchases of loans (70,459) (87,436)
Proceeds from sale of loans 670,230 19,187
Proceeds from sale of repossessed assets 49,363 47,440
Proceeds from sale of available-for-sale securities 487,054 733,887
Proceeds from sale of held-to-maturity securities 348,750  
Purchases of securities available for sale (532,727) (1,921,842)
Proceeds from principal repayments and maturities of securities held to maturity 33,726 75,054
Proceeds from principal repayments of securities available for sale 150,049 1,278,313
Additions to premises and equipment (6,359) (19,338)
Proceeds from sale of other investment securities   10,668
Proceeds from sale of assets FB Insurance VI 2,940  
Proceeds from securities litigations settlement 679  
Decrease (increase) in other equity securities 13,680 (163)
Net cash provided by investing activities 1,347,275 1,112,880
Cash flows from financing activities:    
Net (decrease) increase in deposits (996,792) 46,919
Net decrease in loans payable   (900,000)
Net repayments and cancellation costs of securities sold under agreements to repurchase (201,575) (492,193)
Net FHLB advances paid and cancellation costs (233,248) (38,000)
Repayment of medium-term notes (7,000)  
Net cash used in financing activities (1,438,615) (1,383,274)
Net decrease in cash and cash equivalents (16,586) (158,993)
Cash and cash equivalents at beginning of period 370,283 704,084
Cash and cash equivalents at end of period 353,697 545,091
Cash and cash equivalents include:    
Cash and due from banks 239,488 523,047
Money market instruments 114,209 22,044
Total Cash and cash equivalents $ 353,697 $ 545,091