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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 116,596 $ 61,264
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 30,708 33,563
(Accretion) of discount and amortization of premiums, net (101,894) (140,678)
Decrease in FDIC indemnification asset and receivable 36,249 59,239
Gain on acquisition 0 (27,571)
Stock compensation costs 5,570 3,876
Deferred tax expense 63,616 28,373
Provision for loan losses 53,006 131,677
Impairment on other real estate owned 19,655 28,840
Net gain on sales of investment securities, loans and other assets (19,518) (28,814)
Originations of loans held for sale (6,884) (17,717)
Proceeds from sale of loans held for sale 8,081 (22,762)
Prepayment penalty for Federal Home Loan Bank advances 8,455 13,832
Net proceeds from FDIC shared-loss agreements 101,102 176,770
Net change in accrued interest receivable and other assets (129,150) 3,391
Net change in accrued expenses and other liabilities 156,015 152,235
Other net operating activities (1,653) 9,657
Total adjustments 223,358 449,435
Net cash provided by operating activities 339,954 510,699
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisition of WFIB assets 0 67,186
Net (increase) decrease in loans (396,027) 656,906
Net decrease in short-term investments 58,081 8,584
Purchases of:    
Securities purchased under resale agreements (418,369) (450,000)
Investment securities available-for-sale (1,385,644) (1,895,119)
Loans receivable (463,981) (370,339)
Federal Reserve Bank stock 0 (10,500)
Premises and equipment (2,199) (82,353)
Investments in affordable housing partnerships (17,444) (29,959)
Proceeds from sale of:    
Investment securities available-for-sale 527,823 863,565
Securities purchased under resale agreements 0 450,000
Loans receivable 125,288 286,210
Loans held for sale originated for investment 368,478 0
Other real estate owned 74,004 46,142
Premises and equipment 9,111 44
Repayments, maturity and redemption of investment securities available-for-sale 561,711 1,573,368
Paydown and maturities of securities purchased under resale agreements 106,088 0
Redemption of Federal Home Loan Bank stock 12,903 6,770
Net cash (used in) provided by investing activities (840,177) 1,120,505
Net increase (decrease) in:    
Deposits 1,495,126 (464,829)
Short-term borrowings (5,930) 7,742
Proceeds from:    
FHLB advances 0 350,000
Issuance of common stock pursuant to various stock plans and agreements 3,341 1,801
Payment for:    
Repayment of FHLB advances (683,130) (1,215,812)
Repayment of long-term debt (10,309) 0
Repayment of notes payable and other borrowings (6,250) 0
Repurchase of common stock warrants (14,500) 0
Cash dividends (12,352) (13,679)
Other net financing activities (98) (660)
Net cash provided by (used in) financing activities 765,898 (1,335,437)
Effect of exchange rate changes on cash and cash equivalents (1,126) 0
NET INCREASE IN CASH AND CASH EQUIVALENTS 264,549 295,767
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 1,333,949 1,099,084
CASH AND CASH EQUIVALENTS, END OF PERIOD 1,598,498 1,394,851
Cash paid during the period for:    
Interest 92,622 109,749
Income tax payments, net of refunds 12,587 18,828
Noncash investing and financing activities:    
Transfers to other real estate owned/affordable housing investments 104,842 132,102
Conversion of preferred stock to common stock 31 325,299
Loans to facilitate sales of other real estate owned 7,562 1,167
Loans to facilitate sales of loans 17,416 35,652
Loans to facilitate sales of premises and equipment 11,100 0
Loans transferred to loans held for sale $ 479,582 $ 381,433