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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net income $ 19,360 $ 17,789
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 30,400 31,400
Net loss on disposal of property and equipment 3 306
Depreciation and amortization 8,677 9,986
Net premium amortization on investment securities 4,932 2,259
Net gains on investment securities transactions (18) (42)
Net gains on sales of loans held for sale (4,984) (4,553)
Write-down of OREO and equipment pending disposal 3,515 3,133
Net (recovery) impairment on mortgage servicing rights (320) 221
Loss on early extinguishment of debt   306
Deferred income tax benefit (538) (1,223)
Net increase in cash surrender value of company-owned life insurance policies (1,024) (1,021)
Stock-based compensation expense 1,116 988
Tax benefits from stock-based compensation expense 224 228
Excess tax benefits from stock-based compensation (157) (220)
Changes in operating assets and liabilities:    
Decrease (increase) in loans held for sale 21,709 (8,874)
Decrease (increase) in interest receivable 40 (1,306)
Decrease in other assets 11,461 3,927
(Decrease) increase in accrued interest payable (1,466) 2,857
Decrease in accounts payable and accrued expenses (3,275) (8,439)
Net cash provided by operating activities 89,655 47,722
Purchases of investment securities:    
Held-to-maturity (7,434) (12,243)
Available-for-sale (406,564) (529,379)
Proceeds from maturities and paydowns of investment securities:    
Held-to-maturity 5,405 6,871
Available-for-sale 335,877 354,652
Proceeds from sales of mortgage servicing rights, net of acquisitions   597
Extensions of credit to customers, net of repayments 34,535 (57,943)
Recoveries of loans charged-off 2,140 1,403
Proceeds from sales of OREO 7,963 7,749
Capital expenditures, net of sales (4,730) (4,843)
Net cash used in investing activities (32,808) (233,136)
Cash flows from financing activities:    
Net decrease in deposits (131,048) (21,734)
Net decrease in repurchase agreements (185,115) (20,392)
Net increase in short-term borrowings 449 1,773
Repayments of long-term debt (22) (35,330)
Common stock issuance costs   (13,733)
Proceeds from issuance of common stock 102 167,339
Excess tax benefits from stock-based compensation 157 220
Purchase and retirement of common stock (193) (3,699)
Dividends paid to common stockholders (9,607) (8,331)
Dividends paid to preferred stockholders (1,697) (1,697)
Net cash (used in) provided by financing activities (326,974) 64,416
Net decrease in cash and cash equivalents (270,127) (120,998)
Cash and cash equivalents at beginning of period 685,618 623,482
Cash and cash equivalents at end of period 415,491 502,484
Supplemental disclosures of cash flow information:    
Cash paid during the period for income taxes 8,730 11,630
Cash paid during the period for interest expense $ 24,535 $ 31,664