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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Operating Activities:      
Net income $ 37,569 $ 22,942 $ 82,729
Adjustment to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 130,081 204,016 117,324
Depreciation and amortization 28,890 29,763 30,797
Deferred taxes (6,568) (16,050) (9,358)
Amortization of intangibles 3,324 3,909 4,957
Amortization of debt securities premium and discount, net 19,176 5,111 5,561
Share-based compensation expense 2,683 2,043 1,335
Security (gains) losses, net (12,127) (2,569) 55
Net deferred loan origination expense (8,357) (8,948) (9,813)
Excess tax expense (benefit) from exercise of stock options 50 (44) (500)
Decrease in interest receivable 9,759 7,626 10,532
Decrease in interest payable (5,692) (5,252) (1,167)
Realized gain on student loans sold 0 0 (3,690)
Proceeds from student loans sold 0 0 159,543
Origination of student loans held for sale 0 0 (33,407)
Realized gain on mortgages sold (36,968) (35,087) (25,089)
Proceeds from mortgages sold 1,262,709 1,462,230 1,565,435
Origination of mortgages held for sale (1,212,548) (1,440,206) (1,542,029)
Increase in bank-owned life insurance (6,021) (6,293) (5,499)
Decrease (increase) in prepaid pension asset 25,056 1,596 (51,322)
Decrease (increase) in prepaid deposit insurance assessments 20,088 17,299 (49,625)
Other, net 5,321 (18,088) 33,256
Net cash provided by operating activities 256,425 223,998 280,025
Investing Activities:      
Proceeds from calls and maturities of held-to-maturity securities 135,781 600,231 399,302
Proceeds from calls and maturities of available-for-sale securities 387,105 161,654 133,688
Proceeds from sales of available-for-sale securities 274,807 136,769 0
Purchases of held-to-maturity securities (151,105) (1,180,677) (99,282)
Purchases of available-for-sale securities (414,269) (444,321) (105,027)
Net decrease (increase) in short-term investments 150,000 (75,000) 0
Net decrease (increase) in loans and leases 298,884 193,684 (160,968)
Purchases of premises and equipment (20,475) (19,609) (25,296)
Proceeds from sale of premises and equipment 2,363 486 3,399
Contingency earn-out payment (1,200) 0 (1,130)
Other, net (51) (68) (65)
Net cash used in investing activities 661,840 (626,851) 144,621
Financing Activities:      
Net (decrease) increase in deposits (534,832) 812,319 965,830
Net decrease in short-term debt and other liabilities (69,399) (302,799) (1,420,072)
Advances of long-term debt 0 0 30,000
Repayment of long-term debt (75,000) (33) (41)
Issuance of common stock 20 420 6,320
Repurchase of common stock (57) 0 0
Excess tax (benefit) expense from exercise of stock options (50) 44 500
Cash dividends (11,689) (73,457) (73,335)
Net cash used in financing activities (691,007) 436,494 (490,798)
(Decrease) increase in Cash and Cash Equivalents 227,258 33,641 (66,152)
Cash and Cash Equivalents at Beginning of Year 272,086 238,445 304,597
Cash and Cash Equivalents at End of Year $ 499,344 $ 272,086 $ 238,445