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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:      
Net Income $ 216,691 $ 895,344 $ (313,490)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Provision for loan losses 170,016 241,478 263,369
Goodwill Impairment Charge 3,801 0 186,511
Amortization of intangibles 12,144 11,019 9,434
Depreciation and amortization of premises and equipment 46,874 47,474 47,137
Net accretion of discounts and amortization of premiums and deferred fees (40,786) (73,496) 278,576
Other-than-temporary impairment on investment securities 209 14,445 0
Fair value adjustments on mortgage servicing rights 25,336 7,904 24,683
FDIC loss share (income) expense 207,779 (20,062) 103,024
Adjustments (expense) to indemnity reserves on loans sold 17,285 18,628 40,629
Earnings from investments under the equity method (31,288) (24,373) (39,578)
Deferred income tax (benefit) expense 61,574 (519,128) 43,512
(Gain) loss on:      
Disposition of premises and equipment 4,094 (3,629) (1,716)
Sale and valuation adjustments of investment securities (1,962) (141) 870
Sale of loans, including valuation adjustments on loans held-for-sale and mortgage banking activities (35,517) (35,013) (88,724)
Sale of foreclosed assets, including write-downs 19,357 60,378 28,005
Disposal of discontinued business 0 0 (38,355)
Acquisitions of loans held-for-sale (310,217) (401,991) (308,600)
Proceeds from sale of loans held-for-sale 89,887 124,111 123,375
Net originations on loans held-for-sale (510,783) (792,821) (753,312)
Net (increase) decrease in:      
Trading securities 753,839 1,083,683 1,105,374
Accrued income receivable (13,808) 5,392 9,719
Other assets (26,304) 100,133 132,500
Net increase (decrease) in:      
Interest payable 165 528 (707)
Pension and other postretirement benefits obligation (55,678) 3,252 (10,171)
Other liabilities (13,241) (72,980) 30,937
Total adjustments 372,776 (225,209) 1,186,492
Net cash provided by operating activities 589,467 670,135 873,002
Cash flows from investing activities:      
Net (increase) decrease in money market investments (710,125) (357,706) (963,933)
Purchases of investment securities:      
Available-for-sale (3,407,779) (2,014,315) (2,001,940)
Held-to-maturity 0 (750) (1,000)
Other (14,130) (40,847) (110,010)
Proceeds from calls, paydowns, maturities and redemptions of investment securities:      
Available-for-sale 1,227,966 1,362,712 1,722,650
Held-to-maturity 4,588 4,856 39,962
Other 11,122 46,341 92,752
Proceeds from sale of investment securities available-for-sale 5,259 96,760 310,210
Proceeds from sale of other investment securities 9,021 14,950 37,104
Net repayments on loans (267,205) 431,676 775,900
Proceeds from sale of loans 141,363 30,160 355,145
Acquisition of loan portfolios (535,445) (338,447) (389,067)
Acquisition of trademark 0 (50) 0
Net payments from FDIC under loss sharing agreements 98,518 247,976 256,498
Net cash received and acquired from business combination 0 731,279 0
Acquisition of servicing advances 0 (61,304) 0
Cash paid related to business acquisitions 0 (17,250) (6,330)
Return of capital from equity method investments 907 13,329 0
Net cash disbursed from disposal of discontinued business 0 0 (205,895)
Mortgage servicing rights purchased 0 (2,400) 0
Acquisition of premises and equipment (100,320) (62,656) (51,046)
Proceeds from sale of:      
Premises and equipment 8,897 12,880 14,337
Foreclosed assets 83,357 141,145 150,115
Net cash provided by investing activities (3,444,006) 238,339 25,452
Net increase (decrease) in:      
Deposits 3,286,428 207,338 109,015
Federal funds purchased and assets sold under agreements to repurchase (282,719) (509,512) (387,635)
Other short-term borrowings 0 (148,215) (380,000)
Payments of notes payable (254,816) (737,889) (1,059,290)
Proceeds from issuance of notes payable 165,047 277,398 781,905
Proceeds from issuance of common stock 7,437 6,226 5,394
Dividends paid (65,932) (19,257) (3,723)
Repurchase of TARP related warrants 0 0 (3,000)
Net payments for repurchase of common stock (2,186) (1,984) (3,236)
Net cash used in financing activities 2,853,259 (925,895) (940,570)
Net decrease in cash and due from banks (1,280) (17,421) (42,116)
Cash and due from banks at beginning of period 363,674 381,095 423,211
Cash and due from banks at end of period $ 362,394 $ 363,674 $ 381,095