XML 59 R9.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Operating Activities      
Net income (loss) $ 79,306 $ (21,054) $ 36,563
Adjustments to reconcile net income (loss) to net cash provided by operating activities      
Provision for loan and covered loan losses 16,257 158,052 80,582
Depreciation of premises, furniture, and equipment 11,038 10,874 10,995
Net amortization of premium on securities 9,174 22,433 10,314
Net securities (gains) losses (34,164) 921 (2,410)
Gains on sales of loans (4,717) [1] (7,422) [1] 0
Gain on termination of FHLB forward commitments (7,829) 0 0
Gain on FDIC-assisted transaction 0 (3,289) 0
Net losses on early extinguishment of debt 1,034 558 0
Net losses on sales and valuation adjustments of OREO 3,908 4,886 9,686
Net (gains) losses on sales and valuation adjustments of premises, furniture, and equipment (79) 2,695 1,252
BOLI loss (income) 11,844 (1,307) (2,231)
Net pension cost 2,169 2,813 3,911
Share-based compensation expense 5,903 6,004 6,362
Tax (expense) benefit related to share-based compensation (10) 170 (179)
Net decrease (increase) in net deferred tax assets 33,467 (29,279) 2,160
Amortization of other intangible assets 3,278 3,372 3,802
Originations of mortgage loans held-for-sale (40,681) 0 0
Proceeds from sales of mortgage loans held-for-sale 37,788 0 236
Net (increase) decrease in trading securities (3,155) 307 813
Net decrease (increase) in other assets 30,696 10,117 7,801
Net (decrease) increase in accrued interest payable and other liabilities (21,859) 8,973 (2,536)
Net cash provided by operating activities 133,368 169,824 167,121
Investing Activities      
Proceeds from maturities, repayments, and calls of securities available-for-sale 219,458 362,481 271,511
Proceeds from sales of securities available-for-sale 78,636 153,668 188,556
Purchases of securities available-for-sale (335,442) (588,429) (391,282)
Proceeds from maturities, repayments, and calls of securities held-to-maturity 7,043 66,215 83,113
Purchases of securities held-to-maturity (17,070) (48,999) (62,251)
Redemption of FHLB stock 12,071 11,918 3,151
Proceeds from bulk loan sales 0 94,470 0
Net increase in loans (351,616) (272,618) (14,297)
Proceeds from claims on BOLI, net of purchases 1,394 1,137 2,588
Proceeds from sales of OREO 25,797 50,566 37,731
Proceeds from sales of premises, furniture, and equipment 1,463 6,768 5,542
Purchases of premises, furniture, and equipment (11,030) (8,764) (11,018)
Proceeds received from the FDIC in FDIC-assisted transactions 0 21,996 0
Other net cash proceeds received in FDIC-assisted transactions 0 4,984 0
Net cash (used in) provided by investing activities (369,296) (144,607) 113,344
Financing Activities      
Net cash proceeds received in acquisition of deposits 0 0 106,499
Net increase (decrease) in deposit accounts 93,846 120,362 (139,037)
Net increase (decrease) in borrowed funds 38,358 (29,343) (98,603)
(Payments for the retirement) proceeds from the issuance of subordinated debt (24,094) (37,033) 114,387
Proceeds received from the termination of FHLB forward commitments 7,829 0 0
Redemption of preferred stock and related common stock warrant 0 0 (193,910)
Cash dividends paid (7,508) (2,977) (12,838)
Restricted stock activity (1,607) (1,469) (1,256)
Excess tax benefit (expense) related to share-based compensation 79 (21) 47
Net cash provided by (used in) financing activities 106,903 49,519 (224,711)
Net decrease in cash and cash equivalents (129,025) 74,736 55,754
Cash and cash equivalents at beginning of year 716,266 641,530 585,776
Cash and cash equivalents at end of year 587,241 716,266 641,530
Supplemental Disclosures: [Abstract]      
Income taxes paid (refunded) 4,945 (6,845) (12,388)
Interest paid to depositors and creditors 27,599 36,036 40,429
Dividends declared, but unpaid 5,260 749 746
Non-cash transfers of loans held-for-investment to loans held-for-sale 1,925 93,714 12,320
Non-cash transfers of loans held-for-sale to loans held-for-investment 0 1,957 0
Non-cash transfers of loans to OREO 17,965 47,628 52,249
Non-cash transfer of an investment from other assets to securities available-for-sale 2,787 0 0
Non-cash transfers of premises, furniture, and equipment to OREO 0 1,833 0
Non-cash transfers of OREO to premises, furniture, and equipment $ 0 $ 0 $ 841
[1] The net gains on the bulk loan sales represent gains realized subsequent to the transfer to held-for-sale and are included as a separate component of noninterest income in the Consolidated Statements of Income. Net gains on mortgage loan sales are included in mortgage banking income in the Consolidated Statements of Income.