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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Operating activities    
Net income $ 33,180 $ 29,372
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan and lease losses 56,314 45,958
Provision for depreciation and amortization 5,779 5,540
Stock-based compensation expense 1,805 1,322
Pension (income) expense (700) 950
Net amortization of premiums/accretion of discounts on investment securities 1,710 534
Income on trading securities 0 30
Originations of loans held for sale (59,692) (47,612)
Net gains from sales of loans held for sale (1,843) (642)
Proceeds from sales of loans held for sale 82,004 42,722
Deferred income taxes (6,643) (3,459)
Decrease in interest receivable 646 3,836
Increase in cash surrender value of life insurance (629) (822)
Decrease in prepaid expenses 3,291 1,205
Decrease in indemnification asset 29,535 36,792
(Decrease) increase in accrued expenses (22,272) 9,552
(Decrease) increase in interest payable (1,124) 2,599
Other 5,614 5,689
Net cash provided by operating activities 126,975 133,566
Investing activities    
Proceeds from calls, paydowns and maturities of securities available-for-sale 198,811 72,683
Purchases of securities available-for-sale (410,845) (100,395)
Proceeds from calls, paydowns and maturities of securities held-to-maturity 11,665 567
Purchases of securities held-to-maturity 0 (51)
Net decrease (increase) in interest-bearing deposits with other banks 29,844 (413,874)
Net decrease in loans and leases, excluding covered loans 14,756 66,443
Net decrease in covered assets 198,782 192,366
Proceeds from disposal of other real estate owned 18,947 2,842
Purchases of premises and equipment (4,613) (12,277)
Net cash provided by (used in) investing activities 57,347 (191,696)
Financing activities    
Net decrease in total deposits (171,839) (103,304)
Net increase in short-term borrowings 45,449 869
Payments on long-term borrowings (26,611) (16,881)
Redemption of other long-term debt (20,620) 0
Cash dividends paid on common stock (12,748) (10,925)
Cash dividends paid on preferred stock 0 (1,100)
Redemption of preferred stock 0 (80,000)
Issuance of common stock, net of issuance costs 0 91,192
Proceeds from exercise of stock options 60 235
Excess tax benefit on share-based compensation 156 498
Net cash used in financing activities (186,153) (119,416)
Cash and cash equivalents:    
Net decrease in cash and cash equivalents (1,831) (177,546)
Cash and cash equivalents at beginning of period 105,981 344,150
Cash and cash equivalents at end of period $ 104,150 $ 166,604