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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income $ 145,573 $ 128,332 $ 73,924
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 135,000 160,000 190,020
Depreciation and amortization of premises and equipment 21,081 20,477 20,601
Net amortization of investment securities premiums 6,022 5,178 1,706
Deferred income tax expense (benefit) 4,378 5,544 (20,432)
Investment securities gains (4,561) (701) (1,079)
Gains on sales of mortgage loans (22,207) (27,519) (22,644)
Proceeds from sales of mortgage loans held for sale 1,228,668 1,588,489 2,154,779
Originations of mortgage loans held for sale (1,160,516) (1,559,526) (2,121,679)
Amortization of Intangible Assets 4,257 5,240 5,747
Stock-based compensation 4,249 1,996 1,781
Decrease in accrued interest receivable 2,743 4,674 51
Decrease (increase) in other assets 32,084 (9,173) (83,777)
Decrease in accrued interest payable (7,647) (13,263) (7,082)
Decrease in other liabilities (17,126) (24,939) (9,334)
Total adjustments 226,425 156,477 108,658
Net cash provided by operating activities 371,998 284,809 182,582
CASH FLOWS FROM INVESTING ACTIVITIES:      
Proceeds from sales of securities available for sale 441,961 469,821 689,432
Proceeds from maturities of securities held to maturity 454 574 4,231
Proceeds from maturities of securities available for sale 667,171 774,403 789,301
Purchase of securities held to maturity (29) (215) (3,528)
Purchase of securities available for sale (984,286) (954,700) (2,002,888)
(Increase) decrease in short-term investments (142,039) (16,706) 5,119
Net increase in loans (189,669) (102,938) (42,408)
Net purchases of premises and equipment (25,339) (24,290) (22,147)
Net cash (used in) provided by investing activities (231,776) 145,949 (582,888)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net increase in demand and savings deposits 753,176 974,566 1,330,250
Net (decrease) increase in time deposits (616,018) (683,899) 215,748
Decrease in short-term borrowings (77,044) (194,863) (893,830)
Additions to long-term debt 25,000 47,900 0
Repayments of long-term debt (104,610) (469,223) (247,024)
Redemption of preferred stock and common stock warrant 0 (387,300) 0
Net proceeds from issuance of common stock 6,835 231,510 7,419
Dividends paid (33,917) (35,003) (58,913)
Net cash (used in) provided by financing activities (46,578) (516,312) 353,650
Net Increase (Decrease) in Cash and Due From Banks 93,644 (85,554) (46,656)
Cash and Due From Banks at Beginning of Year 198,954 284,508 331,164
Cash and Due From Banks at End of Year 292,598 198,954 284,508
Cash paid during the period for:      
Interest 141,185 199,890 272,595
Income taxes $ 20,920 $ 42,845 $ 22,599