XML 71 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash Flows From Operating Activities:      
Net income $ 318,931 $ 354,124 $ 289,824
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses (27,900) (22,000) (6,050)
Change in fair value of mortgage servicing rights (22,720) 9,210 40,447
Net unrealized losses (gains) from derivatives 16,256 (984) (9,651)
Tax benefit on exercise of stock options (2,210) (120) (659)
Change in bank-owned life insurance (10,155) (11,089) (11,280)
Stock-based compensation 7,069 8,030 9,396
Depreciation and amortization 53,261 54,935 49,967
Net amortization of securities discounts and premiums 62,274 87,769 112,227
Net realized losses (gains) on financial instruments and other assets (12,586) (15,097) 53,829
Net gain on mortgage loans held for sale (84,403) (120,599) (57,418)
Mortgage loans originated for resale (4,081,390) (3,708,350) (2,293,436)
Proceeds from sale of mortgage loans held for resale 4,254,151 3,731,830 2,369,895
Capitalized mortgage servicing rights (49,431) (42,191) (26,251)
Change in trading and fair value option securities 237,581 226,144 (247,386)
Change in receivables (3,122) 9,244 24,236
Change in other assets 76,257 10,999 16,469
Change in accrued interest, taxes and expense 18,192 23,424 63,827
Change in other liabilities (13,735) (3,729) (50,198)
Net cash provided by operating activities 736,320 591,550 327,788
Cash Flows From Investing Activities:      
Proceeds from maturities or redemptions of investment securities 143,445 111,511 68,020
Proceeds from maturities or redemptions of available for sale securities 2,650,045 4,456,363 3,650,900
Purchases of investment securities (326,815) (172,327) (37,085)
Purchases of available for sale securities (4,287,146) (7,334,843) (7,504,261)
Proceeds from sales of available for sale securities 2,436,093 1,744,662 2,725,760
Change in amount receivable on unsettled securities transactions 193,878 (135,901) 59,908
Loans originated net of principal collected (441,474) (1,077,075) (598,499)
Net proceeds from (payments on) derivative asset contracts 59,390 (13,273) 4,994
Acquisitions, net of cash acquired (7,500) (23,615) 0
Proceeds from disposition of assets 229,405 170,907 122,314
Purchases of assets (212,292) (94,756) (56,195)
Net cash provided by (used in) investing activities 437,029 (2,368,347) (1,564,144)
Net Cash Provided by (Used in) Financing Activities [Abstract]      
Net change in demand deposits, transaction deposits and savings accounts (637,734) 2,830,470 1,710,705
Net change in time deposits (271,999) (413,990) (127,026)
Net change in other borrowings (111,905) 210,607 (949,051)
Repayment of subordinated debt 0 (53,705) 0
Net payments or proceeds on derivaive liability contracts (64,724) (7,560) 15,674
Net change in derivative margin accounts 51,646 39,237 (102,262)
Change in amount due on unsettled security transactions (251,713) (355,918) 492,946
Issuance of common and treasury stock, net 16,566 14,650 14,541
Sale of non-controlling interest 0 300 0
Tax benefit on exercise of stock options 2,210 120 659
Repurchase of common stock 0 (20,558) (26,446)
Dividends paid (104,722) (166,982) (76,423)
Net cash provided by (used in) financing activities (1,372,375) 2,076,671 953,317
Net increase (decrease) in cash and cash equivalents (199,026) 299,874 (283,039)
Cash and cash equivalents at beginning of period 1,286,239 986,365 1,269,404
Cash and cash equivalents at end of period 1,087,213 1,286,239 986,365
Cash paid for interest 69,830 90,137 122,166
Cash paid for taxes 132,176 158,703 156,465
Net loans transferred to real estate and other repossessed assets 86,868 133,502 87,476
Residential mortgage loans guaranteed by U.S. government agencies that became elgible fo repurchase during the year 127,572 121,432 154,134
Conveyance of other real estate owned guaranteed by U.S. government agencies $ 43,901 $ 89,223 $ 14,501