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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
6 Months Ended 12 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Dec. 31, 2010
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) $ 57,235 $ (29,168) $ (856)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Provision for loan losses 47,000 263,010  
Depreciation and amortization 15,918 14,984  
Addition to (recovery of) valuation allowance on mortgage servicing rights, net 5,763 (2,698)  
Amortization of mortgage servicing rights 11,637 11,105  
Amortization of other intangible assets 2,356 2,507  
Amortization and accretion on earning assets, funding, and other, net 30,421 29,452  
Tax benefit from exercise of stock options 11 7  
(Gain) loss on sales of investment securities, net and impairment write-downs 58 (23,435)  
Loss on sales of assets, net 2,195 164  
Gain on mortgage banking activities, net (10,581) (12,448)  
Mortgage loans originated and acquired for sale (540,893) (956,711)  
Proceeds from sales of mortgage loans held for sale 605,375 893,763  
Decrease in interest receivable 3,752 7,217  
Increase (decrease) in interest payable 1,585 (1,040)  
Net change in other assets and other liabilities 41,184 51,795  
Net cash provided by operating activities 273,016 248,504  
CASH FLOWS FROM INVESTING ACTIVITIES      
Net (increase) decrease in loans (640,916) 881,697  
Purchases of:      
Investment securities (433,972) (1,034,757)  
Premises, equipment, and software, net of disposals (23,023) (8,065)  
Other assets (1,349) (2,137)  
Proceeds from:      
Sales of investment securities 16,799 577,537  
Calls and maturities of investment securities 829,838 977,108  
Sales of other assets 25,576 37,084  
Sales of loans originated for investment 39,184 172,946  
Net cash provided by (used in) investing activities (187,863) 1,601,413  
CASH FLOWS FROM FINANCING ACTIVITIES      
Net increase (decrease) in deposits (1,159,343) 241,586  
Net increase (decrease) in short-term funding 1,508,288 (713,447)  
Repayment of long-term funding (228,078) (510,291)  
Proceeds from issuance of long-term funding 297,240 400,000  
Proceeds from issuance of common stock   478,358  
Redemption of preferred stock (262,500)    
Cash dividends on common stock (3,487) (3,472)  
Cash dividends on preferred stock (10,062) (13,125)  
Purchase of treasury stock (616) (805)  
Net cash provided by (used in) financing activities 141,442 (121,196)  
Net increase in cash and cash equivalents 226,595 1,728,721  
Cash and cash equivalents at beginning of period 868,162 820,692 820,692
Cash and cash equivalents at end of period 1,094,757 2,549,413 868,162
Supplemental disclosures of cash flow information:      
Cash paid for interest 65,521 113,318  
Cash (received) paid for income taxes 5,052 (49,937)  
Loans and bank premises transferred to other real estate owned 28,917 25,256  
Capitalized mortgage servicing rights $ 6,584 $ 10,283