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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Operating Activities    
Net income $ 75,109 $ 75,444
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 48,773 110,271
Depreciation, amortization, and accretion, net 32,520 28,234
Deferred income tax expense 40,456 153
Decrease in interest receivable 4,476 8,006
Decrease in interest payable (2,880) (2,511)
(Increase) decrease in trading account assets (11,967) 4,535
Originations of mortgage loans held for sale (539,942) (512,192)
Proceeds from sales of mortgage loans held for sale 621,951 552,708
Gain on sales of mortgage loans held for sale, net (8,031) (2,526)
Gain on sales of premises and equipment, net (7) 0
Decrease in other assets 42,439 48,000
Decrease in accrued salaries and benefits (15,480) (4,544)
Decrease in other liabilities (12,562) (15,235)
Investment securities (gains), net (1,448) (24,253)
Losses (gains) on sales of other loans held for sale, net 79 (99)
Losses and write-downs on other real estate, net 14,314 33,859
Decrease (increase) in fair value of private equity investments, net 1,140 (7,372)
(Gains) on sales of other assets held for sale, net (25) (164)
Write-downs on other assets held for sale 170 1,228
Increase in accrual for Visa indemnification 801 4,713
Share-based compensation expense 3,350 4,510
Other, net 1,549 2,295
Net cash provided by operating activities 294,785 305,060
Investing Activities    
Net cash received in acquisition 56,328 0
Net decrease (increase) in interest earning deposits with banks 3,428 (2,413)
Net decrease in federal funds sold and securities purchased under resale agreements 24,881 40,818
Net decrease in interest bearing funds with Federal Reserve Bank 49,813 265,762
Proceeds from maturities and principal collections of investment securities available for sale 392,737 584,914
Proceeds from sales of investment securities available for sale 347,386 733,621
Purchases of investment securities available for sale (925,603) (1,202,234)
Proceeds from sales of loans 74,885 177,510
Proceeds from sale of other real estate 49,535 70,496
Principal repayments by borrowers on other loans held for sale 334 4,133
Net (increase) in loans (276,715) (53,111)
Purchases of premises and equipment, net of disposals (15,798) (9,263)
Proceeds from disposals of premises and equipment 21 3,005
Proceeds from sale of other assets held for sale 918 1,740
Net cash (used in) provided by investing activities (217,850) 614,978
Financing Activities    
Net (decrease) increase in demand and savings deposits (416,596) 280,925
Net (increase) decrease in certificates of deposit 13,428 (1,127,612)
Net increase in Federal funds purchased and securities sold under repurchase agreements 21,690 37,416
Principal repayments on long-term debt (150,807) (351,331)
Proceeds from issuance of long-term debt 311,732 293,370
Dividends paid to common shareholders (16,981) (15,730)
Dividends paid to preferred shareholders (24,197) (24,197)
Stock options exercised 134 0
Restricted stock activity (1,481) 0
Net cash used in financing activities (263,078) (907,159)
(Decrease) increase in cash and cash equivalents (186,143) 12,879
Cash and cash equivalents at beginning of period 614,630 510,423
Cash and cash equivalents at end of period 428,487 523,302
Supplemental Cash Flow Information    
Income tax payments (refunds), net 1,437 (8,339)
Interest paid 56,214 78,235
Non-cash Investing Activities:    
Decrease in net unrealized gains on available for sale securities, net of income taxes (37,800) (13,177)
Decrease (increase) in net unrealized gains on hedging instruments, net of income taxes 136 (1,555)
Mortgage loans held for sale transferred to loans at fair value 14,471 1,542
Loans foreclosed and transferred to other real estate 51,835 71,928
Loans transferred to other loans held for sale, at fair value 87,189 189,029
Other loans held for sale transferred to loans at fair value 1,235 0
Other loans held for sale foreclosed and transferred to other real estate at fair value 1,395 3,136
Premises and equipment transferred to other assets held for sale at fair value 202 2,402
Accretion of discount on Series A Preferred Stock 5,398 5,076
Amortization of post-retirement unfunded health benefit, net of income taxes 503 642
Settlement of prepaid common stock purchase contracts 122,848 0
Securities sold during the period but settled after period end (15,899) (2,636)
Fair value of assets assumed 536 0
Fair value of liabilities assumed $ 56,864 $ 0