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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net income (loss) $ 120,817 $ (129,544)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:    
Depreciation and amortization of premises and equipment 23,450 30,759
Provision for loan losses 219,636 442,458
Amortization of intangibles 4,510 4,504
Impairment losses on net assets to be disposed of 8,743  
Fair value adjustments of mortgage servicing rights 16,249 9,577
Net (accretion of discounts) amortization of premiums and deferred fees (64,498) (52,119)
Net gain on sale and valuation adjustment of investment securities 90 (478)
Fair value change in equity appreciation instrument (8,323) (24,394)
FDIC loss share (income) expense (54,705) 15,037
FDIC deposit insurance expense 45,355 32,711
Net gain on disposition of premises and equipment (1,992) (2,071)
Net loss (gain) on sale of loans, including valuation adjustments on loans held for sale 5,538 (10,146)
Adjustments (expense) to indemnity reserves on loans sold 19,302 31,679
(Earnings) losses from investments under the equity method 218 (14,513)
Gain on sale of equity method investment (16,907)  
Net disbursements on loans held-for-sale (417,220) (312,489)
Acquisitions of loans held-for-sale (173,549) (133,798)
Proceeds from sale of loans held-for-sale 65,667 35,867
Net decrease in trading securities 319,024 396,940
Net (increase) decrease in accrued income receivable 8,676 10,729
Net (increase) decrease in other assets (16,965) (1,346)
Net decrease in interest payable (949) (17,566)
Deferred income taxes 21,755 (8,503)
Net (decrease) increase in pension and other postretirement benefit obligation (123,084) 1,627
Net decrease in other liabilities (65,383) (12,028)
Total adjustments (185,362) 422,437
Net cash (used in) provided by operating activities (64,545) 292,893
Cash flows from investing activities:    
Net increase in money market investments (404,598) (1,344,614)
Purchases of investment securities:    
Available-for-sale (856,543) (542,506)
Held-to-maturity (64,358) (37,131)
Other (69,504) (13,076)
Proceeds from calls, paydowns, maturities and redemptions of investment securities:    
Available-for-sale 707,567 818,380
Held-to-maturity 52,073 40,716
Other 56,162 83,272
Proceeds from sale of investment securities available-for-sale 19,143 19,484
Proceeds from sale of other investment securities 2,294  
Net repayments on loans 779,606 1,024,846
Proceeds from sale of loans 225,698 10,878
Acquisition of loan portfolios (744,390) (87,471)
Cash received from acquisitions   261,311
Net proceeds from sale of equity method investments 31,503  
Mortgage servicing rights purchased (860) (364)
Acquisition of premises and equipment (25,548) (27,161)
Proceeds from sale of premises and equipment 9,847 9,626
Proceeds from sale of foreclosed assets 94,759 69,058
Net cash (used in) provided by investing activities (187,149) 285,248
Cash flows from financing activities:    
Net increase (decrease) in deposits 1,198,252 (1,202,219)
Net increase (decrease) in federal funds purchased and assets sold under agreements to repurchase 157,772 (325,596)
Net decrease in other short-term borrowings (212,920) (6,063)
Payments of notes payable (1,177,306) (189,780)
Proceeds from issuance of notes payable 419,500 111,101
Net proceeds from issuance of depositary shares   1,102,358
Dividends paid (1,861)  
Proceeds from issuance of common stock 3,917  
Treasury stock acquired (68) (503)
Net cash (used in) provided by financing activities 387,286 (510,702)
Net (decrease) increase in cash and due from banks 135,592 67,439
Cash and due from banks at beginning of period 452,373 677,330
Cash and due from banks at end of period $ 587,965 $ 744,769