XML 56 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash Flows from Operating Activities:    
Net income $ 42,399 $ 23,473
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization, and accretion 13,376 11,476
Provision for loan and lease losses 12,000 19,000
Realized gain on available-for-sale securities, net (18) (241)
Deferred income tax expense 13,618 13,778
Gain on sale of loans and leases (4,878) (3,750)
Loss (gain) on sale of foreclosed assets 225 (607)
Loss on sale of fixed assets 280 0
Mortgage loans originated for sale (132,464) (113,772)
Proceeds from sale of mortgage loans originated for sale 150,876 119,668
Payments received on loans and leases transferred from held for sale to held for investment, net of (advances) on home equity lines of credit 11,928 38,503
Increase in cash surrender value of bank-owned life insurance (1,296) (1,273)
Increase in accrued interest receivable (3,898) (8,866)
(Decrease) increase in accrued interest payable (1,246) 1,029
Decrease in accrued expenses and taxes payable (19,297) (18,629)
Other, net 9,977 (1,658)
Net cash provided by operating activities 91,582 78,131
Cash Flows from Investing Activities:    
Net decrease in restricted short-term investments 7,302 9,564
Activity in available-for-sale securities:    
Sales 12,770 10,350
Maturities, repayments, and calls 154,037 163,205
Purchases (24,139) (299,694)
Net decrease in restricted investment in bank stock 460 4,059
Net increase in loans and leases (151,317) (158,684)
Purchase of bank-owned life insurance (2,694) (1,874)
Proceeds from bank-owned life insurance 3,909 2,259
Proceeds from sale of foreclosed assets 5,733 12,792
Acquisitions 0 (2,487)
Additions to premises and equipment, net (878) (1,211)
Net cash (used in) provided by investing activities 5,183 (261,721)
Cash Flows from Financing Activities:    
Net increase in deposits 111,386 198,697
Net (decrease) increase in other short-term borrowings (31,326) 100,224
Net decrease in short-term FHLB borrowings (150,000) (50,000)
Repayment of long-term FHLB borrowings (4,038) (4,605)
Repayment of long-term debt (11,861) (12,328)
Proceeds from issuance of common stock 2,599 1,986
Purchase of treasury stock (21) (15)
Cash dividends paid 0 (4,654)
Net cash provided by (used in) financing activities (83,261) 229,305
Net change in cash and cash equivalents 13,504 45,715
Cash and cash equivalents at January 1 316,592 332,145
Cash and cash equivalents at March 31 330,096 377,860
Supplemental Disclosure of Cash Flow Information    
Cash paid for interest on deposits and borrowings 27,441 30,784
Income tax refunds 24,441 809
Supplemental Schedule of Noncash Activities    
Real estate acquired in settlement of loans 3,511 11,144
Securities purchased not settled 0 80,557
Securities Sold Not Settled $ 22,320 $ 0