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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
Cash flows from operating activities:      
Net income (loss) $ 151,325 $ 137,401 $ (573,919)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:      
Provision for loan losses 575,720 1,011,880 1,405,807
Amortization of intangibles 9,654 9,173 9,482
Depreciation and amortization of premises and equipment 46,446 58,861 64,451
Net (accretion of discounts) amortization of premiums and deferred fees (113,046) (254,879) 71,534
Impairment losses on net assets to be disposed of 4,255 0 0
Impaiment losses on long-lives assets 0 0 1,545
Fair value adjustments of mortgage servicing rights 37,061 22,859 32,960
Fair value change in equity appreciation instrument (8,323) (42,555) 0
FDIC loss share (income) expense (66,791) 25,751 0
FDIC deposit insurance expense 93,728 67,644 76,796
Earnings from changes in fair value related to instruments measured at fair value pursuant to the fair value option 0 0 (1,674)
Adjustments (expense) to indemnity reserves on loans sold 33,068 72,013 40,211
Losses (earnings) from investments under equity method (33,769) (9,863) (17,695)
Stock options expense 0 0 202
Deferred income tax expense (benefit) 5,862 (12,127) (86,682)
Deferred Income Tax Expense Benefit Continuing Discontinued Operations     (79,890)
Loss (gain) on: [Abstract]      
Disposition of premises and equipment (5,526) (1,812) (412)
Early extinguishment of debt 693 1,171 (78,300)
Sale and valuation adjustments of investment securities (10,844) (3,992) (219,546)
Sale of loans, including valuation adjustments on loans held-for-sale (30,891) (15,874) 57
Sale of equity method investment (16,907) 0 0
Sale of processing and technology business, net of transaction costs 0 (616,186) 0
Acquisitions of loans held-for-sale (346,004) (307,629) (354,472)
Proceeds from sale of loans held-for-sale 165,335 81,370 79,264
Net disbursements on loans held-for-sale (793,094) (735,095) (1,129,554)
Increase (Decrease) in Operating Assets [Abstract]      
Trading securities 1,143,029 721,398 1,542,470
Accrued income receivable 25,449 11,315 30,601
Other assets 22,329 (3,559) (259,756)
Increase (Decrease) in Accounts Payable and Accrued Liabilities [Abstract]      
Interest payable (12,471) (29,562) (47,695)
Net (decrease) increase in pension and other postretirement benefit obligation (111,288) (11,060) 19,599
Other liabilities (88,327) (13,484) 16,837
Total adjustments 525,348 25,758 1,202,822
Net cash (used in) provided by operating activities 676,673 163,159 628,903
Cash flows from investing activities:      
Net increase in money market investments (396,879) 119,741 (208,143)
Purchases of investment securities:      
Available-for-sale (1,357,080) (764,042) (4,193,290)
Held-to-maturity (74,538) (97,188) (59,562)
Other (172,775) (64,591) (38,913)
Proceeds from calls, paydowns, maturities and redemptions of investment securities:      
Available-for-sale 1,360,386 1,865,879 1,631,607
Held-to-maturity 67,236 188,129 141,566
Other 154,114 123,836 75,101
Proceeds from sale of investment securities available-for-sale 262,443 397,086 3,825,313
Proceeds from sale of other investment securities 5,094 0 52,294
Net repayments on loans 1,136,058 1,539,246 1,053,747
Proceeds from sale of loans 293,109 34,011 328,170
Acquisition of loan portfolios (1,131,388) (256,406) (72,675)
Payments Received From F D I C Sharing Agreements 561,111 0 0
Cash received from acquisitions (855) 261,311 0
Net proceeds from sale of equity method investments 31,503 0 0
Net proceeds from sale of processing and technology business 0 642,322 0
Mortgage servicing rights purchased (1,732) (1,041) (1,364)
Acquisition of premises and equipment (50,043) (66,855) (69,640)
Proceeds from sale of: [Abstract]      
Premises and equipment 14,939 14,460 40,243
Foreclosed assets 198,490 141,236 149,947
Net cash (used in) provided by investing activities 899,193 4,077,134 2,654,401
Net increase (decrease) in: [Abstract]      
Deposits 1,179,943 (1,553,486) (1,625,598)
Federal funds purchased and assets sold under agreements to repurchase (271,453) (220,240) (918,818)
Other short-term borrowings (68,022) 356,896 2,392
Payments of notes payable (2,769,477) (4,260,578) (813,077)
Proceeds from issuance of notes payable 432,568 111,101 60,675
Proceeds from issuance of common stock 7,690 153 0
Net proceeds from issuance of depositary shares 0 1,101,773 0
Dividends paid (3,723) (310) (71,438)
Issuance cost and fees paid on exchange of preferred stock and trust preferred securities 0 0 (25,080)
Treasury stock acquired (483) (559) (17)
Net cash (used in) provided by financing activities (1,492,957) (4,465,250) (3,390,961)
Net (decrease) increase in cash and due from banks 82,909 (224,957) (107,657)
Cash and due from banks at beginning of period 452,373 677,330 784,987
Cash and due from banks at end of period $ 535,282 $ 452,373 $ 677,330