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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
OPERATING ACTIVITIES:    
Net income $ 19,475 $ 92,050
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and accretion, net (216) 5,197
Provision for loan losses 280 11,636
Net gain on sale of mortgage loans held for sale (5,408) (3,722)
Origination of mortgage loans held for sale (208,094) (100,418)
Proceeds from sale of mortgage loans held for sale 199,942 104,439
Proceeds from loans repurchased by the FDIC   17,003
Net realized impairment (recovery) of mortgage servicing rights (312) (31)
Net realized gain on sales, calls and impairment of securities   (56)
Net gain on sale of other real estate owned (1,311) (419)
Writedowns of other real estate owned 884 341
Deferred director compensation expense - Company Stock 89 90
Stock based compensation expense 274 537
Bargain purchase gain on acquisition (1,324) (27,803)
Net change in other assets and liabilities:    
Accrued interest receivable 604 224
Accrued interest payable 11 (319)
Other assets (2,123) 18,389
Other liabilities 723 11,231
Net cash provided by operating activities 3,494 128,369
INVESTING ACTIVITIES:    
Net cash received in FDIC-assisted transaction   846,390
Purchases of securities available for sale (78,205) (58,552)
Purchases of securities to be held to maturity (15,000)  
Proceeds from calls, maturities and paydowns of securities available for sale 93,401 131,216
Proceeds from calls, maturities and paydowns of securities to be held to maturity 5,806 2,295
Proceeds from sales of securities available for sale   35,225
Proceeds from sales of Federal Home Loan Bank stock 35 48
Proceeds from sales of other real estate owned 15,055 14,597
Net change in loans 31,645 (122,704)
Net purchases of premises and equipment (667) (1,078)
Net cash provided by investing activities 52,070 847,437
FINANCING ACTIVITIES:    
Net change in deposits (11,881) (776,136)
Net change in securities sold under agreements to repurchase and other short-term borrowings (122,352) (35,819)
Payments of Federal Home Loan Bank advances (556) (566,075)
Proceeds from Federal Home Loan Bank advances 50,000 170,000
Repurchase of Common Stock (4,095) (147)
Net proceeds from Common Stock options exercised 111 147
Cash dividends paid (6,792) (6,390)
Net cash used in financing activities (95,565) (1,214,420)
NET CHANGE IN CASH AND CASH EQUIVALENTS (40,001) (238,614)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 137,691 362,971
CASH AND CASH EQUIVALENTS AT END OF PERIOD 97,690 124,357
Cash paid during the period for:    
Interest 10,612 12,188
Income taxes 20,100 24,512
SUPPLEMENTAL NONCASH DISCLOSURES    
Transfers from loans to real estate acquired in settlement of loans 4,242 12,078
Loans provided for sales of other real estate owned $ 569 $ 564