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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Operating Activities:  
Net loss$ (11,577)$ (186,772)
Less: Loss from discontinued operations, net of income tax (3,822)
Loss from continuing operations(11,577)(182,950)
Adjustments to reconcile loss to net cash provided by operating activities:  
Provision for loan losses123,801261,586
Net (decrease) increase in current and deferred income taxes(12,559)24,856
Depreciation and amortization8,4959,240
Amortization of intangibles2,3383,072
Amortization and fair value adjustments of purchase accounting mark to market, net(3,782)(6,157)
Fair value adjustment on loans held for sale and other real estate7,76613,399
Net amortization on investment securities14,9594,232
Investment securities losses (gains)1,373(14,067)
Loans originated for sale(115,998)(117,372)
Proceeds from loans held for sale127,027119,563
Net gains from loan sales(4,516)(2,994)
Net loss on other real estate3,8631,900
Recognition of stock-based compensation expense1,9501,568
Other(13,394)25,499
Discontinued operations, net 17,750
Net cash provided by operating activities129,746159,125
Investing Activities:  
Net decrease in money market investments126,061156,116
Securities available for sale:  
Proceeds from sales11,744412,402
Proceeds from maturities and payments402,623684,996
Purchases(569,472)(1,276,566)
Securities held-to-maturity:  
Proceeds from maturities and payments51,4522,230
Purchases(95,987) 
Net decrease in loans and leases301,862613,282
Proceeds from sales of other real estate27,61235,423
Net increase in properties and equipment(2,736)(4,833)
Proceeds from sale of discontinued operations, net 35,369
Discontinued operations, net 312,402
Net cash provided by investing activities253,159970,821
Financing Activities:  
Net increase in demand and savings deposits345,090145,587
Net decrease in time deposits(532,020)(545,821)
Net (decrease) increase in short-term borrowings(1,080)3,245
Principal reductions in long-term debt(175,048)(326,660)
Shares acquired for retirement and purchased for taxes(14)(25)
Discontinued operations, net (420,340)
Net cash used by financing activities(363,072)(1,144,014)
Net increase (decrease) in cash and due from banks19,833(14,068)
Cash and due from banks at beginning of period, continuing operations127,585149,049
Cash and due from banks at beginning of period, discontinued operations 7,044
Cash and due from banks at beginning of period127,585156,093
Cash and due from banks at end of period147,418142,025
Supplemental Cash Flow Information:  
Interest paid71,665122,462
Income tax paid, net of refunds3,000(16,214)
Supplemental Disclosures of noncash items  
Securities transferred to held to maturity from available for sale943,092 
Properties transferred to other real estate owned1,347 
Loans transferred to other real estate owned11,93225,061
Loans transferred to held for sale90,48148,673
Held for sale loans transferred to other real estate owned52215,177
Accretion of preferred stock discount5,0604,686
Accrued dividend on redeemable preferred stock$ 12,028$ 11,453