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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Operating Activities      
Net income (loss) $ 830,209 $ (60,844) $ (790,857)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Provision for loan losses 320,369 418,795 1,131,274
Depreciation, amortization, and accretion, net 64,401 47,626 46,421
Goodwill impairment 0 0  
Deferred income tax (benefit) expense (794,678) (357) 9,215
Decrease in interest receivable 11,854 15,629 30,248
Decrease in interest payable (8,253) (16,680) (23,877)
(Increase) decrease in trading account assets 5,764 5,428 (7,924)
Originations of mortgage loans held for sale (1,226,234) (980,173) (1,378,431)
Proceeds from sales of mortgage loans held for sale 1,187,880 1,055,479 1,294,169
Gain on sale of mortgage loans held for sale, net (15,709) (5,955) (10,521)
Decrease (increase) in other assets 61,758 111,852 570,019
Increase (decrease) in accrued salaries and benefits 5,961 2,061 3,739
(Decrease) increase in other liabilities (35,477) (7,169) (21,637)
Investment securities losses (gains), net (39,142) (75,007) 1,271
(Gain) loss on sale of other loans held for sale, net 4,681 (2,737) 3,050
Loss on other real estate 73,940 113,380 137,185
(Decrease) increase in fair value of private equity investments, net (8,233) 1,118 (7,203)
Gain on sale of merchant services business 0 0 (69,466)
Gain on other assets held for sale, net (314) 1,571 0
Writedowns on other assets held for sale 2,425 7,266 0
Gain on curtailment of post-retirement health benefit 0 398 (7,092)
Increase (decrease) in accrual for Visa indemnification 6,304 6,038 0
Share-based compensation 9,333 6,029 7,158
Other, net 15,292 1,959 (5,981)
Net cash provided by operating activities 472,131 645,707 910,760
Investing Activities      
Net decrease (increase) in interest earning deposits with banks (9,852) 2,856 (3,912)
Net decrease in federal funds sold and securities purchased under repurchase agreements 45,399 1,586 43,457
Net decrease (increase) in interest bearing funds with Federal Reserve Bank 68,616 1,536,890 (1,202,049)
Proceeds from maturities and principal collections of investment securities available for sale 1,348,188 1,098,925 1,172,764
Proceeds from sales of investment securities available for sale 1,139,558 2,002,922 20,704
Purchases of investment securities available for sale (1,803,738) (3,309,605) (1,447,514)
Proceeds from sale of loans 651,074 485,159 563,201
Proceeds from sale of other real estate 135,817 171,272 251,128
Principal repayments by borrowers on other loans held for sale 4,469 44,995 12,397
Net decrease (increase) in loans (743,151) 234,310 1,339,488
Purchases of premises and equipment (30,485) (15,944) (21,281)
Proceeds from disposals of premises and equipment 3,379 4,888 2,667
Proceeds from sale of other assets held for sale 8,782 7,683 0
Proceeds from sale of merchant services business 0 0 69,466
Net cash provided by investing activities 818,056 2,265,937 800,516
Financing Activities      
Net increase (decrease) in demand and savings deposits 322,060 426,812 (62,002)
Net decrease in certificates of deposit (1,676,768) (2,515,364) (2,871,227)
Net (decrease) increase in federal funds purchased and securities sold under repurchase agreements (112,514) (185,469) 24,164
Principal repayments on long-term debt (491,049) (601,415) (678,788)
Proceeds from issuance of long-term debt 860,000 165,000 740,355
Purchase of treasury shares 0 0 (21)
Dividends paid to common shareholders (31,462) (31,412) (25,502)
Transfer of funds to dividend payment agent (7,853) 0 0
Dividends paid to preferred shareholders (48,394) (48,394) (48,394)
Proceeds from issuance of common stock 0 0 769,114
Proceeds from issuance of prepaid common stock purchase contracts 0 0 265,564
Net cash used in financing activities (1,185,980) (2,790,242) (1,886,737)
(Increase) decrease in cash and cash equivalents 104,207 121,402 (175,461)
Cash and cash equivalents at beginning of year 510,423 389,021 564,482
Cash and cash equivalents at end of year 614,630 510,423 389,021
Supplemental Cash Flow Information      
Income tax refunds, net (7,734) (5,113) (324,257)
Interest paid (139,505) (195,589) (302,199)
Non-cash Investing Activities (at Fair Value):      
(Decrease) increase in unrealized gains net of unrealized losses on available for sale securities (26,846) (24,749) (8,718)
(Decrease) increase in unrealized gains net of unrealized losses on hedging instruments (1,381) (11,316) (20,459)
Amortization of post-retirement unfunded health benefit 590 0 2,470
Mortgage loans held for sale transferred to loans at fair value 1,959 7,100 6,404
Loans foreclosed and transferred to other real estate 147,653 205,263 400,404
Loans transferred to other loans held for sale 731,906 486,697 959,261
Other loans held for sale transferred to loans at fair value 442 21,372 2,401
Other loans held for sale foreclosed and transferred to other real estate at fair value 8,142 21,669 9,685
Premises and equipment transferred to other assets held for sale 2,404 22,429 0
Write down to fair value for other loans held for sale 3,222 13,437 5,965
Impairment loss on available for sale securities 450 1,647 2,198
Accretion of discount on preferred stock $ (10,310) $ (9,694) $ (9,116)