XML 38 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash flows from operating activities:    
Net earnings $ 36,909 $ 36,821
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 18,349 13,721
Provision for credit losses (8,486) 22,448
Gain on sale of other real estate owned (4,542) (8,334)
Provision for losses on other real estate owned 13,566 15,011
Gain on sale of leases (1,525)  
Loss (gain) on sale of premises and equipment 158 (23)
Gain on branch sale (297)  
Other-than-temporary impairment loss on covered security 1,115  
Earned stock compensation 4,631 6,508
Tax effect included in stockholders' equity of restricted stock vesting (224) 497
Decrease (increase) in accrued and deferred income taxes, net 6,423 (3,689)
Decrease in FDIC loss sharing asset 22,547 27,155
Decrease in other assets 3,262 15,989
Decrease in accrued interest payable and other liabilities (19,156) (2,406)
Net cash provided by operating activities 72,730 123,698
Cash flows from investing activities:    
Resolution of goodwill matter with FDIC   7,636
Net cash used in acquisitions (86,931)  
Net cash used in branch sale (119,756)  
Net decrease in loans and leases 200,080 324,823
Proceeds from sale of loans and leases 42,128 2,495
Securities available-for-sale:    
Proceeds from maturities and paydowns 310,273 137,622
Proceeds from sales 45,639  
Purchases (320,936) (495,341)
Net redemptions of FHLB stock 6,595 6,698
Proceeds from sales of other real estate owned 43,881 52,823
Purchases of premises and equipment, net (2,208) (4,397)
Proceeds from sales of premises and equipment 700 27
Net cash provided by investing activities 119,465 32,386
Net increase (decrease) in deposits:    
Noninterest-bearing 339,718 162,691
Interest-bearing (224,165) (257,993)
Net decrease in borrowings (222,736)  
Redemption of subordinated debentures (18,558)  
Repayment of acquired debt (180,796)  
Restricted stock surrendered (1,424) (427)
Tax effect included in stockholders' equity of restricted stock vesting 224 (497)
Cash dividends paid (19,669) (1,089)
Net cash used in financing activities (327,406) (97,315)
Net (decrease) increase in cash and cash equivalents (135,211) 58,769
Cash and cash equivalents, beginning of period 295,617 108,552
Cash and cash equivalents, end of period 160,406 167,321
Supplemental disclosures of cash flow information:    
Cash paid for interest 17,457 26,273
Cash paid for income taxes 17,884 29,969
Loans transferred to other real estate owned $ 32,244 $ 57,266