XML 42 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net earnings (loss) $ 56,801 $ 50,704 $ (62,016)
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:      
Depreciation and amortization 25,792 20,084 16,722
Provision (negative provision) for credit losses (12,819) 26,570 212,492
Gain on sale of other real estate owned (5,786) (9,140) (5,525)
Provision for losses and valuation adjustments on other real estate owned 14,333 16,994 17,660
Gain on sale of leases (2,767)    
(Gain) loss on sale of premises and equipment 155 (23) (4)
Gain on branch sale (297)    
Gain on sale of securities (1,239)    
Other-than-temporary impairment losses on covered securities 1,115   874
Earned stock compensation 5,999 7,896 8,496
Tax effect included in stockholders' equity of restricted stock vesting (283) 937 1,840
(Decrease) increase in accrued and deferred income taxes, net (3,737) 17,694 (42,562)
Decrease in FDIC loss sharing asset 37,712 21,165 67,669
Decrease in other assets 18,754 18,053 27,205
Decrease in accrued interest payable and other liabilities (15,753) (661) (8,553)
Net cash provided by operating activities 117,980 170,273 234,298
CASH FLOWS FROM INVESTING ACTIVITIES:      
Resolution of goodwill matter with FDIC   7,636  
Net cash and cash equivalents (used) acquired in acquisitions (87,098)   171,366
Net cash used in branch sale (119,756)    
Net decrease in loans and leases 232,549 450,492 126,813
Proceeds from sales of loans and leases 58,691 2,495 258,128
Securities available-for-sale:      
Proceeds from maturities and paydowns 415,854 231,898 215,113
Proceeds from sales 90,745    
Purchases (485,860) (658,310) (627,884)
Net redemptions of Federal Home Loan Bank stock 10,392 8,934 6,036
Proceeds from sale of other real estate owned 59,614 61,954 83,141
Capitalized costs to complete other real estate owned   (125) (902)
Purchases of premises and equipment, net (4,914) (5,936) (5,271)
Proceeds from sales of premises and equipment 704 27 27
Net cash provided by investing activities 170,921 99,065 226,567
Net increase (decrease) in deposits:      
Noninterest-bearing 271,934 220,237 128,866
Interest-bearing (234,608) (292,482) (325,922)
Net decrease in borrowings (228,107)   (387,776)
Redemption of subordinated debentures (18,558)    
Repayment of acquired debt (180,796)    
Net proceeds from issuance of common stock     26,587
Tax effect included in stockholders' equity of restricted stock vesting 283 (937) (1,840)
Restricted stock surrendered (1,475) (1,465) (1,831)
Cash dividends paid (28,787) (7,626) (1,445)
Net cash used in financing activities (420,114) (82,273) (563,361)
Net (decrease) increase in cash and cash equivalents (131,213) 187,065 (102,496)
Cash and cash equivalents at beginning of year 295,617 108,552 211,048
Cash and cash equivalents at end of year 164,404 295,617 108,552
Supplemental disclosure of cash flow information:      
Cash paid during the year for interest 21,614 33,000 41,844
Cash paid (received) during the year for income taxes 40,772 19,083 (4,193)
Supplemental disclosure of noncash investing and financing activities:      
Transfer of loans to other real estate owned $ 40,207 $ 68,683 $ 68,447