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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Operating Activities:  
Net income$ 24,266$ 7,096
Adjustment to reconcile net income to net cash provided by operating activities:  
Provision for credit losses110,831160,723
Depreciation and amortization21,95022,270
Deferred taxes(388)(6,874)
Amortization of intangibles2,5102,960
Amortization of debt securities premium and discount, net16,2793,612
Share-based compensation expense1,9251,100
Security gains, net(12,109)(3,039)
Net deferred loan origination expense(6,419)(6,777)
Excess tax benefit from exercise of stock options(12)(67)
Decrease in interest receivable7,6874,854
Decrease in interest payable(4,319)(3,014)
Realized gain on mortgages sold(24,548)(23,869)
Proceeds from mortgages sold839,577968,938
Origination of mortgages held for sale(822,905)(988,299)
Increase in bank-owned life insurance(3,881)(4,689)
Increase in prepaid pension asset(373)(763)
Decrease in prepaid deposit insurance assessments14,61311,920
Other, net17,5958,272
Net cash provided by operating activities182,279154,354
Investing activities:  
Proceeds from calls and maturities of held-to-maturity securities135,781354,134
Proceeds from calls and maturities of available-for-sale securities255,577141,285
Proceeds from sales of available-for-sale securities273,807136,769
Purchases of held-to-maturity securities(151,105)(679,442)
Purchases of available-for-sale securities(245,791)(226,126)
Net decrease (increase) in short-term investments150,000(250,000)
Net decrease in loans and leases146,289111,917
Purchases of premises and equipment(13,028)(14,826)
Proceeds from sale of premises and equipment1,820458
Contingency earn-out payment(1,200)0
Other, net(42)(53)
Net cash provided by (used in) investing activities552,108(425,884)
Financing activities:  
Net (decrease) increase in deposits(426,788)519,162
Net increase (decrease) in short-term debt and other liabilities6,172(92,203)
Repayment of long-term debt(75,000)(33)
Issuance of common stock110534
Excess tax benefit from exercise of stock options1267
Payment of cash dividends(10,853)(55,093)
Net cash (used in) provided by financing activities(506,347)372,434
Increase in cash and cash equivalents228,040100,904
Cash and cash equivalents at beginning of period272,086238,445
Cash and cash equivalents at end of period$ 500,126$ 339,349