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CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities:    
Net income (loss) $ 61,509 $ (179,276)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation 15,604 17,911
Amortization and impairment of intangible assets 3,723 4,558
Provision for loan and lease losses 85,658 220,782
Deferred income tax (benefit) expense (2,815) (2,577)
Stock-based compensation 2,962 2,088
Gain on sales of investments, net (291) 0
Other-than-temporary impairments on debt securities 245 117
Other-than-temporary impairements on equity securities 0 42
Equity in losses of unconsolidated entities 7,280 10,798
Impairement of collateral pledged to Lehman 0 66,574
Derivative instruments and financial liabilities measured at fair value, gain (820) (762)
Loss (gain) on sale of premises and equipment and other assets 20 (4)
Net gain on sale of loans held for investment (5,498) (6,253)
Net amortization of premiums, discounts and deferred loan fees and costs (1,966) (3,248)
Originations and purchases of loans held for sale (223,602) (400,614)
Sales and repayments of loans held for sale 234,698 461,510
Loans held for sale valuation adjustment 0 6,553
Amortization of broker placement fees 5,140 6,094
Net amortization of premium and discounts on investment securities 3,348 7,473
(Decrease) increase in accrued income tax payable 2,847 1,130
(Increase) decrease in accrued interest receivable 5,496 1,823
Decrease in accrued interest payable 4,620 1,345
Decrease (increase) in other assets 25,536 22,400
Increase (decrease) in other liabilities 13,206 24,076
Net cash provided by operating activities 236,900 262,540
Cash flows from investing activities:    
Principal collected on loans 2,533,504 2,081,371
Loans originated and purchased (2,410,182) (2,362,492)
Proceeds from sale of loans held for investment 31,558 309,024
Proceeds from sale of repossessed assets 51,399 70,805
Proceeds from sale of available-for-sale securities 4,855 0
Purchases of securities available for sale (133,596) (690,377)
Proceeds from principal repayments and maturities of securities available for sale 171,016 280,694
Additions to premises and equipment (17,863) (8,919)
Proceeds from sale of premises and equipment and other assets 1,269 4
(Increase) decrease in other equity securities 2,939 6,661
Net cash provided by investing activities 234,899 (313,229)
Cash flows from financing activities:    
Net decrease in deposits (181,890) 83,557
Net FHLB advances paid 25,000 (155,000)
Payments Of Stock Issuance Costs 62 0
Repurchase of outstanding common stock 523 335
Net cash provided (used in) financing activities (157,475) (71,778)
Net increase in cash and cash equivalents 314,324 (122,467)
Cash and cash equivalents at beginning of period 655,671 946,851
Cash and cash equivalents at end of period 969,995 824,384
Cash and cash equivalents include:    
Cash and due from banks 953,038 623,019
Money market instruments 16,957 201,365
Cash and Cash Equivalents, at Carrying Value, Total $ 969,995 $ 824,384