XML 73 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 146,106 $ 138,640
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 46,785 39,711
(Accretion) of discount and amortization of premiums, net (104,247) (96,885)
Decrease in FDIC indemnification asset and receivable 79,804 45,763
Stock compensation costs 5,898 7,773
Deferred tax expense (benefit) 320 (19,868)
Provision for loan losses 13,327 33,600
Impairment on other real estate owned 2,153 10,541
Net gain on sales of investment securities, loans and other assets (16,512) (14,854)
Prepayment penalty for Federal Home Loan Bank advances, net   3,657
Originations and purchases of loans held for sale (71,572) (34,716)
Proceeds from sales of loans held for sale 6,272  
Net proceeds from FDIC shared-loss agreements 42,494 63,077
Net change in accrued interest receivable and other assets 55,158 (67,820)
Net change in accrued expenses and other liabilities (43,579) (43,142)
Other net operating activities (4,671) (2,007)
Total adjustments 11,630 (75,170)
Net cash provided by operating activities 157,736 63,470
Net (increase) decrease in:    
Loans (679,359) 184,443
Short-term investments 35,940 (192,880)
Federal funds sold   (30,000)
Purchases of:    
Securities purchased under resale agreements (300,000) (200,000)
Investment securities available-for-sale (699,650) (482,500)
Loans receivable (466,715) (239,272)
Premises and equipment (10,328) (3,405)
Investments in affordable housing partnerships (16,683) (34,128)
Proceeds from sale of:    
Investment securities available-for-sale 325,721 1,097,270
Loans receivable 55,129 58,205
Loans held for sale originated for investment   199,435
Other real estate owned 38,677 59,814
Premises and equipment 352 11
Repayments, maturities and redemptions of investment securities available-for-sale 262,074 606,704
Paydowns, maturities and termination of securities purchased under resale agreements 300,000 311,434
Redemption of Federal Home Loan Bank stock 21,136 12,674
Other net investing activities (108) (236)
Net cash (used in) provided by investing activities (1,133,814) 1,347,569
Net increase (decrease) in:    
Deposits 972,853 (110,498)
Short-term borrowings (20,000) (25,208)
Proceeds from:    
Issuance of common stock pursuant to various stock plans and agreements 1,150 2,678
Payment for:    
Repayment of FHLB advances   (57,616)
Modification of Federal Home Loan Bank advances   (37,678)
Repurchase of shares of treasury stock pursuant to the Stock Repurchase Plan (199,992) (149,950)
Cash dividends (44,961) (32,642)
Other net financing activities (5,864) (1,239)
Net cash provided by (used in) financing activities 703,186 (412,153)
Effect of exchange rate changes on cash and cash equivalents   (457)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (272,892) 998,429
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 1,323,106 1,431,185
CASH AND CASH EQUIVALENTS, END OF PERIOD 1,050,214 2,429,614
Cash paid during the period for:    
Interest 58,336 73,938
Income tax payments, net of refunds 92,096 185,729
Noncash investing and financing activities:    
Loans transferred to loans held for sale, net 19,125 21,317
Transfers to other real estate owned 29,782 54,478
Conversion of preferred stock to common stock 83,027  
Loans to facilitate sales of other real estate owned and short sales 139 850
Loans to facilitate sales of loans   $ 638