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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net income$ 31,281$ 26,518
Adjustments to reconcile net income to net cash provided by operating activities:  
Provision for loan losses44,40049,400
Net loss on disposal of property and equipment28408
Depreciation and amortization12,99715,172
Net premium amortization on investment securities7,3734,103
Net gains on investment securities transactions(56)(108)
Net gains on sales of mortgage loans held for sale(8,730)(9,561)
Net gain on sale of student loan portfolio (249)
Write-down of OREO, equipment pending disposal and investments5,9725,643
Net impairment on mortgage servicing rights8482,212
Loss on early extinguishment of debt 306
Deferred income tax expense (benefit)400(2,981)
Net increase in cash surrender value of company-owned life insurance policies(1,306)(1,493)
Stock-based compensation expense1,6481,390
Tax benefits from stock-based compensation expense204234
Excess tax benefits from stock-based compensation(129)(220)
Changes in operating assets and liabilities:  
Decrease (increase) in mortgage loans held for sale799(10,591)
Increase in interest receivable(1,366)(128)
Decrease in other assets10,8407,266
Decrease in accrued interest payable(4,392)(2,344)
Decrease in accounts payable and accrued expenses(1,404)(2,941)
Net cash provided by operating activities99,40782,036
Purchases of investment securities:  
Held-to-maturity(11,626)(19,339)
Available-for-sale(704,619)(972,742)
Proceeds from maturities and paydowns of investment securities:  
Held-to-maturity8,94011,482
Available-for-sale611,918606,461
Proceeds from sales of mortgage servicing rights, net of acquisitions596597
Proceeds from sale of student loan portfolio 24,829
Extensions of credit to customers, net of repayments40,27816,832
Recoveries of loans charged-off4,2692,100
Proceeds from sales of OREO12,24715,640
Capital expenditures, net of sales(7,099)(7,761)
Net cash used in investing activities(45,096)(321,901)
Cash flows from financing activities:  
Net (decrease) increase in deposits(74,394)78,125
Net decrease in repurchase agreements(144,632)(18,280)
Net increase in short-term borrowings131251
Repayments of long-term debt(33)(35,840)
Common stock issuance costs (13,733)
Proceeds from issuance of common stock272167,400
Excess tax benefits from stock-based compensation129220
Purchase and retirement of common stock(197)(3,699)
Dividends paid to common stockholders(14,419)(13,147)
Dividends paid to preferred stockholders(2,559)(2,559)
Net cash (used in) provided by financing activities(235,702)158,738
Net decrease in cash and cash equivalents(181,391)(81,127)
Cash and cash equivalents at beginning of period685,618623,482
Cash and cash equivalents at end of period504,227542,355
Supplemental disclosures of cash flow information:  
Cash paid during the period for income taxes12,42015,300
Cash paid during the period for interest expense$ 37,452$ 52,086