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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Operating Activities:    
Net income (loss) $ 12,332 $ (4,164)
Adjustment to reconcile net income (loss) to net cash provided by operating activities:    
Provision for credit losses 85,719 105,873
Depreciation and amortization 14,789 14,905
Deferred taxes (267) (6,732)
Amortization of intangibles 1,687 1,999
Amortization of debt securities premium and discount, net 13,936 2,418
Share-based compensation expense 1,285 898
Security gains, net (10,062) (712)
Net deferred loan origination expense (4,384) (4,561)
Excess tax benefit from exercise of stock options (8) (21)
Decrease in interest receivable 5,500 4,789
Decrease in interest payable (2,988) (2,080)
Realized gain on mortgages sold (14,225) (11,500)
Proceeds from mortgages sold 483,065 494,449
Origination of mortgages held for sale (448,082) (497,981)
Increase in bank-owned life insurance (2,964) (3,058)
(Increase) decrease in prepaid pension asset (186) 21
Decrease in prepaid deposit insurance assessments 11,040 7,690
Other, net (1,035) (26,913)
Net cash provided by operating activities 145,152 75,320
Investing activities:    
Proceeds from calls and maturities of held-to-maturity securities 135,781 290,273
Proceeds from calls and maturities of available-for-sale securities 131,124 66,708
Proceeds from sales of available-for-sale securities 180,057 91,533
Purchases of held-to-maturity securities (151,105) (404,821)
Purchases of available-for-sale securities (119,089) (157,397)
Net decrease in short-term investments 150,000 0
Net decrease in loans and leases 20,141 43,328
Purchases of premises and equipment (10,520) (7,861)
Proceeds from sale of premises and equipment 1,693 73
Contingency earn-out payment (1,200) 0
Other, net (31) (40)
Net cash provided by (used in) investing activities 336,851 (78,204)
Financing activities:    
Net (decrease) increase in deposits (181,558) 542,939
Net decrease in short-term debt and other liabilities (16,526) (260,767)
Repayment of long-term debt (75,000) (22)
Issuance of common stock 110 534
Excess tax benefit from exercise of stock options 8 21
Payment of cash dividends (10,018) (36,727)
Net cash (used in) provided by financing activities (282,984) 245,978
Increase in cash and cash equivalents 199,019 243,094
Cash and cash equivalents at beginning of period 272,086 238,445
Cash and cash equivalents at end of period $ 471,105 $ 481,539