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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Operating Activities:    
Net income $ 43,490 $ 12,332
Adjustment to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 16,000 85,719
Depreciation and amortization 13,540 14,789
Deferred taxes 0 (267)
Amortization of intangibles 1,504 1,687
Amortization of debt securities premium and discount, net 6,562 13,936
Share-based compensation expense 1,524 1,285
Security gains, net (251) (10,062)
Net deferred loan origination expense (4,085) (4,384)
Excess tax benefit from exercise of stock options 0 (8)
Decrease in interest receivable 3,908 5,500
Decrease in interest payable (1,483) (2,988)
Realized gain on mortgages sold (27,693) (14,225)
Proceeds from mortgages sold 441,930 483,065
Origination of mortgages held for sale (444,051) (448,082)
Increase in bank-owned life insurance (2,535) (2,964)
Decrease (increase) in prepaid pension asset 2,587 (186)
Decrease in prepaid deposit insurance assessments 8,985 11,040
Other, net (2,071) (1,035)
Net cash provided by operating activities 57,861 145,152
Investing activities:    
Proceeds from calls and maturities of held-to-maturity securities 0 135,781
Proceeds from calls and maturities of available-for-sale securities 266,829 131,124
Proceeds from sales of available-for-sale securities 4,727 180,057
Purchases of held-to-maturity securities 0 (151,105)
Purchases of available-for-sale securities (223,716) (119,089)
Net decrease in short-term investments 0 150,000
Net decrease in loans and leases 136,920 20,141
Purchases of premises and equipment (11,362) (10,520)
Proceeds from sale of premises and equipment 968 1,693
Contingency earn-out payment 0 (1,200)
Other, net (16) (31)
Net cash provided by investing activities 174,350 336,851
Financing activities:    
Net increase (decrease) in deposits 1,147 (181,558)
Net decrease in short-term debt and other liabilities (11,950) (16,526)
Repayment of long-term debt 0 (75,000)
Issuance of common stock 108,678 110
Excess tax benefit from exercise of stock options 0 8
Payment of cash dividends (1,888) (10,018)
Net cash provided by (used in) financing activities 95,987 (282,984)
Increase in cash and cash equivalents 328,198 199,019
Cash and cash equivalents at beginning of period 499,344 272,086
Cash and cash equivalents at end of period $ 827,542 $ 471,105