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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net Income $ 895,344 $ (313,490) $ 599,327
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Provision for loan losses 241,478 263,369 602,563
Goodwill impairment losses 0 186,511 0
Amortization of intangibles 11,019 9,434 9,883
Depreciation and amortization of premises and equipment 47,474 47,137 48,162
Net accretion of discounts and amortization of premiums and deferred fees (73,496) 278,576 (79,004)
Other-than-temporary impairment on investment securities 14,445 0 0
Fair value adjustments on mortgage servicing rights 7,904 24,683 11,403
FDIC loss share (income) expense (20,062) 103,024 82,051
Adjustments (expense) to indemnity reserves on loans sold 18,628 40,629 37,054
Earnings from investments under the equity method (24,373) (39,578) (42,873)
Deferred income tax (benefit) expense (519,128) 43,512 (288,754)
(Gain) loss on:      
Disposition of premises and equipment (3,629) (1,716) (3,392)
Sale and valuation adjustments of investment securities (141) 870 (2,110)
Sale of loans, including valuation adjustments on loans held-for-sale and mortgage banking activities (35,013) (88,724) 22,411
Sale of stock in equity method investee 0 0 (416,113)
Sale of foreclosed assets, including write-downs 60,378 28,005 50,740
Disposal of discontinued business 0 (38,355) 0
Acquisitions of loans held-for-sale (401,991) (308,600) (390,018)
Proceeds from sale of loans held-for-sale 124,111 123,375 218,379
Net originations on loans held-for-sale (792,821) (753,312) (1,049,474)
Net (increase) decrease in:      
Trading securities 1,083,683 1,105,374 1,430,835
Accrued income receivable 5,392 9,719 (5,809)
Other assets 100,133 132,500 2,827
Net increase (decrease) in:      
Interest payable 528 (707) (2,466)
Pension and other postretirement benefits obligation 3,252 (10,171) 10,635
Other liabilities (72,980) 30,937 (26,952)
Total adjustments (225,209) 1,186,492 219,978
Net cash provided by operating activities 670,135 873,002 819,305
Cash flows from investing activities:      
Net (increase) decrease in money market investments (357,706) (963,933) 227,127
Purchases of investment securities:      
Available-for-sale (2,014,315) (2,001,940) (2,257,976)
Held-to-maturity (750) (1,000) (250)
Other (40,847) (110,010) (178,093)
Proceeds from calls, paydowns, maturities and redemptions of investment securities:      
Available-for-sale 1,362,712 1,722,650 1,823,474
Held-to-maturity 4,856 39,962 4,632
Other 46,341 92,752 181,784
Proceeds from sale of investment securities available-for-sale 96,760 310,210 5,438
Proceeds from sale of other investment securities 14,950 37,104 0
Net repayments on loans 431,676 775,900 680,819
Proceeds from sale of loans 30,160 355,145 333,021
Acquisition of loan portfolios (338,447) (389,067) (1,592,603)
Acquisition of trademark (50) 0 0
Net payments from FDIC under loss sharing agreements 247,976 256,498 396,223
Net cash received and acquired from business combination 731,279 0 0
Acquisition of servicing advances (61,304) 0 0
Cash paid related to business acquisitions (17,250) (6,330) 0
Return of capital from equity method investments 13,329 0 491
Proceeds from sale of stock in equity method investee 0 0 481,377
Net cash disbursed from disposal of discontinued business 0 (205,895) 0
Mortgage servicing rights purchased (2,400) 0 (45)
Acquisition of premises and equipment (62,656) (51,046) (38,573)
Proceeds from sale of:      
Premises and equipment 12,880 14,337 10,090
Foreclosed assets 141,145 150,115 226,063
Net cash provided by investing activities 238,339 25,452 302,999
Net increase (decrease) in:      
Deposits 207,338 109,015 (323,404)
Federal funds purchased and assets sold under agreements to repurchase (509,512) (387,635) (357,460)
Other short-term borrowings (148,215) (380,000) (235,000)
Payments of notes payable (737,889) (1,059,290) (332,031)
Proceeds from issuance of notes payable 277,398 781,905 106,739
Proceeds from issuance of common stock 6,226 5,394 6,860
Dividends paid (19,257) (3,723) (3,723)
Repurchase of TARP related warrants 0 (3,000) 0
Net payments for repurchase of common stock (1,984) (3,236) (437)
Net cash used in financing activities (925,895) (940,570) (1,138,456)
Net decrease in cash and due from banks (17,421) (42,116) (16,152)
Cash and due from banks at beginning of period 381,095 423,211 439,363
Cash and due from banks at end of period $ 363,674 $ 381,095 $ 423,211