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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Operating activities:    
Net Income $ 23,753 $ 16,515
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 28,379 21,048
Depreciation, accretion and amortization 11,926 7,991
Decrease in accrued interest receivable 1,451 439
Decrease (increase) in other assets 8,726 (5,047)
Origination of loans held-for-sale (137,298) (69,659)
Proceeds from sales of loans held-for-sale 142,535 77,844
Gain on mortgage banking activities, net (1,882) (1,035)
Security gains, net (17,797) (2,953)
Stock-based compensation expense 1,600 1,216
Excess tax benefits from share-based payment arrangements (99) (587)
Increase in accrued interest payable 4,425 5,216
(Decrease) increase in other liabilities (3,432) 11,884
Loss on sale of assets acquired through foreclosure and valuation adjustments, net 2,891 2,447
Increase in value of bank-owned life insurance (1,447) (1,795)
(Increase) decrease in capitalized interest, net (478) 1
Net cash provided by operating activities 63,253 63,525
Investing activities:    
Maturities of investment securities 5,039 11,727
Sale of investment securities available for sale 616,254 216,261
Purchase of investment securities available-for-sale (751,363) (415,277)
Repayments of investment securities available-for-sale 101,729 130,184
Disbursements for reverse mortgages (94) (396)
Proceeds from loan disposition 31,307  
Net increase in loans (38,190) (118,138)
Payment of bank-owned life insurance 2,021 2,885
Net decrease (increase) in stock of Federal Home Loan Bank of Pittsburgh 5,585 (102)
Sales of assets acquired through foreclosure, net 11,789 9,088
Investment in premises and equipment, net (5,747) (8,090)
Net cash (used for) investing activities (21,670) (171,858)
Financing activities:    
Net increase in demand and saving deposits 101,059 162,096
Net decrease in time deposits (58,991) (14,975)
Net decrease in brokered deposits (25,717) (28,245)
Receipts from FHLB advances 27,299,083 9,846,709
Repayments of FHLB advances (27,444,895) (9,766,892)
Receipts from federal funds purchased and securities sold under agreement to repurchase 14,135,000 3,103,525
Repayments of federal funds purchased and securities sold under agreement to repurchase (14,085,000) (3,103,525)
Repayment of unsecured debt (30,000)  
Issuance of senior debt 52,691  
Dividends paid (5,115) (5,067)
Issuance of common stock and exercise of common stock options 1,086 914
Repurchase of common stock warrants (1,800)  
Excess tax benefits from share-based payment arrangements 99 587
Net cash (used for) provided by financing activities (62,500) 195,127
(Decrease) increase in cash and cash equivalents (20,917) 86,794
Cash and cash equivalents at beginning of period 468,017 376,759
Cash and cash equivalents at end of period 447,100 463,553
Supplemental Disclosure of Cash Flow Information:    
Cash paid for interest during the period 13,574 20,220
Cash paid for income taxes, net 8,379 336
Loans transferred to assets acquired through foreclosure 9,290 14,391
Other comprehensive income $ 6,131 $ 5,805