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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Operating Activities    
Net income $ 48,416 $ 29,574
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 9,511 35,696
Depreciation, amortization, and accretion, net 12,312 17,622
Deferred income tax expense 25,757 14,403
Decrease in interest receivable 1,051 2,467
Decrease in interest payable (1,440) (2,109)
(Increase) decrease in trading account assets (11,695) 2,062
Originations of mortgage loans held for sale (129,160) (245,475)
Proceeds from sales of mortgage loans held for sale 126,688 315,093
Gain on sales of mortgage loans held for sale, net (1,898) (3,946)
(Decrease) increase in other assets (11,586) 14,888
Decrease in accrued salaries and benefits (3,745) (12,090)
Increase (decrease) in other liabilities 24,343 (9,477)
Investment securities gains, net (1,331) (45)
Losses on sales of other loans held for sale, net 2,266 165
Losses and write-downs on other real estate, net 4,752 8,783
Decrease in fair value of private equity investments, net 250 257
Increase in accrual for Visa indemnification 396 37
Share-based compensation expense 2,228 1,819
Gain on sale of Memphis branches, net (5,789) 0
Gain on sale of branch property (3,116) 0
Other, net (940) 4,508
Net cash provided by operating activities 87,270 174,232
Investing Activities    
Net cash used in dispositions (90,571) 0
Net decrease in interest earning deposits with banks 15,186 1,552
Net decrease (increase) in federal funds sold and securities purchased under resale agreements 4,878 (9,361)
Net (increase) decrease in interest bearing funds with Federal Reserve Bank (240,215) 165,878
Proceeds from maturities and principal collections of investment securities available for sale 117,867 216,387
Proceeds from sales of investment securities available for sale 20,815 212,240
Purchases of investment securities available for sale (57,709) (509,037)
Proceeds from sales of loans 29,271 44,885
Proceeds from sale of other real estate 10,000 17,436
Principal repayments by borrowers on other loans held for sale 533 62
Net (increase) decrease in loans (243,267) 41,739
Purchases of premises and equipment, net of disposals (12,793) (6,374)
Proceeds from disposals of premises and equipment 4,838 4
Proceeds from sale of other assets held for sale 241 543
Net cash (used in) provided by investing activities (440,926) 175,954
Financing Activities    
Net increase (decrease) in demand and savings deposits 251,914 (631,934)
Net increase in certificates of deposit 13,561 136,083
Net increase in federal funds purchased and securities sold under repurchase agreements 16,814 36,980
Principal repayments on long-term debt (594) (72,309)
Proceeds from issuance of long-term debt 74,979 0
Dividends paid to common shareholders (9,728) (7,876)
Dividends paid to preferred shareholders (2,559) (12,098)
Stock options exercised 539 51
Excess tax benefit from share-based compensation 186 73
Restricted stock activity (468) (1,481)
Net cash provided by (used in) financing activities 344,644 (552,511)
(Decrease) increase in cash and cash equivalents (9,012) (202,325)
Cash and cash equivalents at beginning of period 469,630 614,630
Cash and cash equivalents at end of period 460,618 412,305
Supplemental Cash Flow Information    
Income tax (refunds) payments, net (12) 37
Interest paid 29,503 32,651
Non-cash Investing Activities:    
Loans foreclosed and transferred to other real estate 12,881 29,789
Loans transferred to other loans held for sale, at fair value 24,505 46,181
Other loans held for sale transferred to loans at fair value 0 1,235
Other loans held for sale foreclosed and transferred to other real estate at fair value 0 1,395
Securities purchased during the period but settled after period-end 10,227 0
Dispositions/Acquisitions:    
Fair value of non-cash assets (sold) acquired (100,982) 0
Fair value of liabilities (sold) assumed $ (191,553) $ 0