XML 43 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements Of Cash Flows (USD $)
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 48,780,000 $ 31,252,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of investment premiums, net 21,778,000 16,367,000
Gain on sale of investment securities, net (1,178,000) (5,678,000)
Other-than-temporary impairment on investment securities held to maturity   72,000
(Gain) loss on sale of non-covered other real estate owned (643,000) 1,160,000
Gain on sale of covered other real estate owned (723,000) (898,000)
Valuation adjustment on non-covered other real estate owned 4,719,000 5,518,000
Valuation adjustment on covered other real estate owned 3,346,000 1,921,000
Provision for non-covered loan and lease losses 9,805,000 30,489,000
Provision for covered loan and lease losses 1,375,000 11,023,000
Change in FDIC indemnification asset 5,885,000 2,646,000
Depreciation, amortization and accretion 7,949,000 6,218,000
Increase in mortgage servicing rights (6,281,000) (2,407,000)
Change in mortgage servicing rights carried at fair value 1,952,000 511,000
Change in junior subordinated debentures carried at fair value 1,007,000 1,078,000
Stock-based compensation 1,942,000 1,987,000
Net (increase) decrease in trading account assets (992,000) 502,000
Gain on sale of loans (14,571,000) (1,819,000)
Origination of loans held for sale (786,697,000) (290,058,000)
Proceeds from sales of loans held for sale 690,352,000 307,087,000
Excess tax benefits from the exercise of stock options (49,000) (4,000)
Change in other assets and liabilities:    
Net decrease in other assets 1,807,000 5,954,000
Net increase in other liabilities 11,199,000 4,759,000
Net cash provided by operating activities 762,000 127,680,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of investment securities available for sale (419,078,000) (690,720,000)
Purchases of investment securities held to maturity   (1,573,000)
Proceeds from investment securities available for sale 727,750,000 441,721,000
Proceeds from investment securities held to maturity 363,000 757,000
Redemption of restricted equity securities 869,000 1,636,000
Net non-covered loan and lease originations (239,262,000) (136,582,000)
Net covered loan and lease paydowns 56,468,000 63,417,000
Proceeds from sales of loans 5,964,000 6,777,000
Proceeds from disposals of furniture and equipment 1,508,000 180,000
Purchases of premises and equipment (12,197,000) (16,877,000)
Net proceeds from FDIC indemnification asset 21,418,000 48,850,000
Proceeds from sales of non-covered other real estate owned 12,208,000 17,026,000
Proceeds from sales of covered other real estate owned 8,733,000 7,355,000
Net cash provided (used) by investing activities 164,744,000 (258,033,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net decrease in deposit liabilities (104,348,000) (286,867,000)
Net increase in securities sold under agreements to repurchase 24,736,000 47,130,000
Repayment of term debt   (5,000,000)
Dividends paid on common stock (15,777,000) (11,506,000)
Excess tax benefits from stock based compensation 49,000 4,000
Proceeds from stock options exercised 78,000 309,000
Retirement of common stock (5,234,000) (1,960,000)
Net cash used by financing activities (100,496,000) (257,890,000)
Net increase (decrease) in cash and cash equivalents 65,010,000 (388,243,000)
Cash and cash equivalents, beginning of period 598,766,000 1,004,125,000
Cash and cash equivalents, end of period 663,776,000 615,882,000
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Interest 27,573,000 41,302,000
Income taxes 13,800,000 6,850,000
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Change in unrealized gains on investment securities available for sale, net of taxes (3,124,000) 11,983,000
Change in unrealized losses on investment securities held to maturity related to factors other than credit, net of taxes 79,000 26,000
Cash dividend declared on common and preferred stock and payable after period-end 10,139,000 5,754,000
Transfer of non-covered loans to non-covered other real estate owned 8,993,000 25,322,000
Transfer of covered loans to covered other real estate owned 1,346,000 8,668,000
Transfer of covered loans to non-covered loans 9,299,000 4,114,000
Transfer from FDIC indemnification asset to due from FDIC and other 16,399,000 26,839,000
Receivable from sales of covered other real estate owned $ 290,000