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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Operating Activities    
Net income (loss) $ 75,444 $ (118,408)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Provision for loan losses 110,271 261,905
Depreciation, amortization, and accretion, net 28,234 23,412
Deferred income tax expense (benefit) 153 (5,304)
Decrease in interest receivable 8,006 10,950
Decrease in interest payable (2,511) (10,248)
Decrease in trading account assets 4,535 6,164
Originations of mortgage loans held for sale (512,192) (392,707)
Proceeds from sales of mortgage loans held for sale 552,708 542,665
(Gains) losses on sale of mortgage loans held for sale, net (2,526) 296
Decrease in prepaid and other assets 52,713 55,864
Decrease in accrued salaries and benefits (4,544) (6,388)
Decrease in other liabilities (15,235) (3,687)
Investment securities gains, net (24,253) (1,797)
Gains on sales of other loans held for sale, net (99) (1,746)
Losses on other real estate, net 33,859 54,543
(Increase) decrease in fair value of private equity investments, net (7,372) 169
Gains on sales of other assets held for sale, net (164) (261)
Write downs on other loans held for sale 2,806 11,313
Writedowns on other assets held for sale 1,228 5,698
Share-based compensation 4,510 2,363
Other, net (438) (7,732)
Net cash provided by operating activities 305,133 427,064
Investing Activities    
Net increase in interest earning deposits with banks (2,413) (7,687)
Net decrease in federal funds sold and securities purchased under repurchase agreements 40,818 32,922
Net decrease in interest bearing funds with Federal Reserve Bank 265,762 258,619
Proceeds from maturities and principal collections of investment securities available for sale 584,914 573,759
Proceeds from sales of investment securities available for sale 733,621 17,044
Purchases of investment securities available for sale (1,202,234) (389,724)
Proceeds from sales of other loans held for sale 177,510 194,220
Proceeds from sale of other real estate 70,496 88,003
Principal payments on other loans held for sale 4,133 28,305
Net (increase) decrease in loans (53,111) 425,919
Purchases of premises and equipment (9,263) (9,014)
Proceeds from disposals of premises and equipment 3,005 2,014
Proceeds from sale of other assets held for sale 1,740 492
Net cash provided by investing activities 614,978 1,214,872
Financing Activities    
Net increase (decrease) in demand and savings deposits 281,637 (347,750)
Net (decrease) in certificates of deposit (1,128,324) (1,277,537)
Net increase (decrease) in federal funds purchased and other short-term borrowings 37,416 (46,760)
Principal repayments on long-term debt (351,331) (74,706)
Proceeds from issuance of long-term debt 293,370 165,000
Dividends paid to common shareholders (15,803) (15,705)
Dividends paid to preferred shareholders (24,197) (24,197)
Net cash used in financing activities (907,232) (1,621,655)
Increase in cash and cash equivalents 12,879 20,281
Cash and cash equivalents at beginning of period 510,423 389,021
Cash and cash equivalents at end of period   409,302
Supplemental Cash Flow Information    
Income tax (refunds) payments, net (8,339) 225
Interest paid 61,555 104,760
Non-cash Investing Activities:    
(Decrease) increase in net unrealized gains on investment securities available for sale (13,177) [1] 20,665 [1]
Decrease in net unrealized gains on hedging instruments (1,555) [1] (6,974) [1]
Mortgage loans held for sale transferred to loans at fair value 1,542 6,377
Loans foreclosed and transferred to other real estate at fair value 71,928 125,356
Loans transferred to other loans held for sale, at fair value 189,029 289,587
Other loans held for sale foreclosed and transferred to other real estate at fair value 3,136 8,137
Premises and equipment transferred to other assets held for sale 2,402 28,048
Impairment loss on investment securities available for sale $ (450) $ 0
[1] Changes in net unrealized gains on investment securities available for sale, fair value hedges, and cash flow hedges have not been adjusted for the impact of deferred taxes.