XML 30 R7.htm IDEA: XBRL DOCUMENT v2.3.0.15
Consolidated Statement of Cash Flows (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net income/(loss) attributable to the Company$ 26,075$ (1,012)
Adjustments to arrive at net income from continuing operations [Abstract]  
Net income attributable to noncontrolling interests2,3131,929
Net (income)/loss from discontinued operations(4,752)(1,812)
Net income/(loss) from continuing operations23,636(895)
Adjustments to reconcile net income/(loss) from continuing operations to net cash provided by/(used in) operating activities:  
Depreciation and amortization14,35913,073
Net income attributable to noncontrolling interests(2,313)(1,929)
Equity issued as compensation4,8694,367
Provision for loan losses15,66054,627
Loans originated for sale(93,281)(153,622)
Proceeds from sale of loans held for sale89,522145,022
Gain on the repurchase of debt(1,838)0
Decrease/(increase) in income tax receivable and deferred6,755(29,147)
Net decrease/(increase) in other operating activities7662,436
Net cash provided by/(used in) operating activities of continuing operations58,13533,932
Net cash provided by/(used in) operating activities of discontinued operations4,7521,812
Net cash provided by/(used in) operating activities62,88735,744
Investment securities available for sale:  
Purchases(555,990)(570,834)
Sales131,041407,515
Maturities, redemptions, and principal payments375,311315,970
Purchases0(5,993)
Maturities, sales, and principal payments07,489
(Investments)/distributions in trusts, net231(130)
(Purchase)/ redemption of Federal Home Loan Banks stock1,5981,097
Net (increase)/ decrease in portfolio loans(33,351)(273,449)
Proceeds from sale of OREO18,27710,450
Proceeds from sale of portfolio loans018,434
Proceeds from sale and repayments of non-strategic loan portfolio1,000276
Capital expenditures, net of sale proceeds(6,864)(2,937)
Cash received from dispositions/ (paid for acquisitions, including deferred acquisition obligations, net of cash acquired)586(29,691)
Net cash provided by/(used in) investing activities(68,161)(121,803)
Cash flows from financing activities:  
Net increase in deposits47,350237,297
Net (decrease)/increase in securities sold under agreements to repurchase and other(150,304)(134,802)
Net (decrease)/increase in short-term Federal Home Loan Bank borrowings(10,000)0
Advances of long-term Federal Home Loan Bank borrowings104,313166,040
Repayments of long-term Federal Home Loan Bank borrowings(142,514)(136,531)
Repurchase of debt(3,000)0
Net proceeds from issuance/ (paid for repurchase) of Series C Preferred stock0(154,000)
Dividends paid to common stockholders(2,314)(2,139)
Dividends paid to preferred stockholders(218)(3,027)
Tax deficiency from certain stock compensation awards(1,582)(1,206)
Proceeds from stock option exercises181465
Proceeds from issuance of common stock, net1,24434,081
Other equity adjustments(1,896)3,903
Net cash provided by/(used in) financing activities(158,740)10,081
Net increase/(decrease) in cash and cash equivalents(164,014)(75,978)
Cash and cash equivalents at beginning of year494,439447,460
Cash and cash equivalents at end of period330,425371,482
Supplementary schedule of non-cash investing and financing activities:  
Cash paid for interest39,31856,274
Cash paid for income taxes, net of (refunds received)11,40721,135
Change in unrealized gain/ (loss) on securities available for sale, net of tax3,6801,106
Change in unrealized gain/ (loss) on cash flow hedges, net of tax(1,869)(3,235)
Change in unrealized gain/ (loss) on other, net of tax3162
Held to maturity investments transferred to available for sale or other investments at amortized cost2,5150
Loans transferred into other real estate owned from held for sale or portfolio10,2029,131
Loans transferred into/(out of) held for sale from/(to) portfolio(526)18,360
Equity issued for acquisitions, including deferred acquisition obligations$ 4,290$ 3,303