XML 81 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
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 $ 76,759 $ 52,206 $ 74,775
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 24,605 13,526 15,549
Provision for loan losses 38,732 65,991 54,590
Losses (gains) on other real estate owned 4,922 (1,960) 768
Deferred tax expense (benefit) 26,577 (11,612) (6,953)
Increase in cash surrender value of life insurance contracts (12,169) (8,022) (6,396)
Gain on acquisition     (20,732)
Loss (gain) on sales/paydowns of securities available for sale, net 91   (69)
(Gain) on disposal of other assets (424) (316) (1,478)
Net (increase) decrease in loans originated for sale (1,560) 22,032 (13,822)
Net amortization of securities premium/discount 29,523 7,071 917
Amortization of intangible assets 16,551 2,728 1,417
Stock-based compensation expense 7,196 4,077 3,254
(Decrease) increase in interest payable and other liabilities (99,986) (12,405) 16,702
Decrease (increase) in FDIC indemnification asset 116,251 (3,530)  
Decrease (increase) in other assets 46,082 65,963 (100,474)
Other, net (104) (951) 94
Net cash provided by operating activities 273,046 194,798 18,142
Investing Activities:      
Net (increase) decrease in interest-bearing time deposits (104,647) 218,015 (558,271)
Proceeds from sales of securities available for sale 342,864   10,202
Proceeds from maturities of securities available for sale 998,726 603,102 599,066
Purchases of securities available for sale (1,732,757) (489,835) (509,304)
Net decrease (increase) in federal funds sold and short-term investments 281,639 (59,573) 317,319
Net decrease in loans 86,057 40,400 17,906
Purchases of property and equipment (72,975) (21,899) (12,305)
Proceeds from sales of property and equipment 9,326 2,220 2,700
Proceeds from sales of other real estate 80,125 41,945 8,015
Cash paid for acquisition, net of cash received (74,736)   378,367
Net cash paid for divestiture of branches (114,645)    
Net cash (used in) provided by investing activities (301,023) 334,375 253,695
Financing Activities:      
Net decrease in deposits (65,298) (420,093) (298,062)
Increase (decrease) in other short-term borrowings 123,525 (120,031) (21,225)
Proceeds from issuance of long-term debt 150,317    
Repayments of long-term notes (16,641) (295) (166)
Proceeds from issuance of short-term notes     1,609,399
Repayments of short-term notes (10,172) (20,000) (1,694,898)
Dividends paid (70,617) (35,721) (32,011)
Proceeds from exercise of stock options 1,025 1,618 2,213
Proceeds from stock offering 213,994   167,372
Excess tax benefit from stock option exercises 104 322 480
Net cash provided by (used in) financing activities 326,237 (594,200) (266,898)
(Increase) decrease in cash and due from banks 298,260 (65,027) 4,939
Cash and due from banks at beginning of year 139,687 204,714 199,775
Cash and due from banks at end of year 437,947 139,687 204,714
Supplemental Information      
Income taxes paid 24,529 22,878 5,810
Interest paid, including capitalized interest of $12, $70, and $20, respectively 66,695 83,161 96,797
Supplemental Information for Non-Cash Investing and Financing Activities      
Assets acquired in settlement of loans 117,690 59,758 20,023
Acquisitions      
Fair value of assets acquired 11,156,952   1,715,266
Fair value of liabilities assumed (10,130,706)   (1,694,534)
Net identifiable assets acquired 1,026,246   20,732
Common stock issued in connection with acquisition $ 1,308,044