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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES  
Net income$ 179,028$ 108,215
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation and amortization48,82348,153
(Accretion) of discount and amortization of premiums, net(162,319)(159,226)
Decrease in FDIC indemnification asset and receivable79,70047,170
Gain on acquisition0(27,571)
Stock compensation costs9,8506,164
Deferred tax expense64,39832,355
Provision for loan losses75,006170,325
Impairment on other real estate owned22,44036,508
Net gain on sales of investment securities, loans and other assets(29,586)(39,260)
Originations and purchases of loans held for sale(40,193)(22,013)
Proceeds from sales of loans held for sale30,18020,389
Prepayment penalty for Federal Home Loan Bank advances and other borrowings12,28113,832
Net proceeds from FDIC shared-loss agreements147,121249,175
Net change in accrued interest receivable and other assets(134,500)29,211
Net change in accrued expenses and other liabilities(100,393)162,446
Other net operating activities(2,383)10,833
Total adjustments20,425578,491
Net cash provided by operating activities199,453686,706
CASH FLOWS FROM INVESTING ACTIVITIES  
Net cash acquired in WFIB acquisition067,186
Net (increase) decrease in loans(720,348)662,655
Net decrease in short-term investments77,55195,288
Net increase in federal funds sold(30,000)(75,000)
Purchases of:  
Securities purchased under resale agreements(1,119,711)(750,000)
Investment securities available-for-sale(2,464,002)(3,612,331)
Loans receivable(569,946)(580,396)
Federal Reserve Bank stock(99)(10,500)
Premises and equipment(7,460)(90,051)
Investments in affordable housing partnerships(22,756)(37,773)
Proceeds from sale of:  
Investment securities available-for-sale602,6251,047,173
Loans receivable151,961427,087
Loans held for sale originated for investment607,291147,194
Other real estate owned135,46177,804
Premises and equipment9,20084
Repayments, maturities and redemptions of investment securities available-for-sale1,447,8422,268,589
Paydowns, maturities and termination of securities purchased under resale agreements667,887630,000
Redemption of Federal Home Loan Bank stock19,42413,427
Net cash (used in) provided by investing activities(1,215,080)280,436
Net increase (decrease) in:  
Deposits1,668,073(87,053)
Short-term borrowings(58,596)2,214
Proceeds from:  
FHLB advances0350,000
Issuance of common stock pursuant to various stock plans and agreements3,6632,527
Payment for:  
Repayment of FHLB advances(760,274)(1,198,312)
Repayment of long-term debt(21,918)(24,825)
Repayment of notes payable and other borrowings(6,250)0
Repurchase of common stock warrants(14,500)0
Cash dividends(21,512)(20,704)
Other net financing activities(73)(637)
Net cash provided by (used in) financing activities788,613(976,790)
Effect of exchange rate changes on cash and cash equivalents(1,047)500
NET INCREASE IN CASH AND CASH EQUIVALENTS(228,061)(9,148)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD1,333,9491,099,084
CASH AND CASH EQUIVALENTS, END OF PERIOD1,105,8881,089,936
Cash paid during the period for:  
Interest135,037159,742
Income tax payments, net of refunds262,98824,292
Noncash investing and financing activities:  
Transfers to other real estate owned/affordable housing investments140,987203,276
Conversion of preferred stock to common stock31325,299
Loans to facilitate sales of other real estate owned8,79213,550
Loans to facilitate sales of loans21,63742,022
Loans to facilitate sales of premises and equipment11,1000
Loans transferred to loans held for sale$ 631,407$ 138,792