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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
9 Months Ended12 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Dec. 31, 2010
CASH FLOWS FROM OPERATING ACTIVITIES   
Net income (loss)$ 98,574$ (14,864)$ (856)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:   
Provision for loan losses51,000327,010 
Depreciation and amortization24,22022,405 
Addition to valuation allowance on mortgage servicing rights, net8,9666,052 
Amortization of mortgage servicing rights17,38016,850 
Amortization of other intangible assets3,5353,713 
Amortization and accretion on earning assets, funding, and other, net46,18645,283 
Tax benefit from exercise of stock options117 
(Gain) loss on sales of investment securities, net and impairment write-downs802(26,800) 
Loss on sales of assets, net3,3742,518 
Gain on mortgage banking activities, net(15,141)(22,945) 
Mortgage loans originated and acquired for sale(1,011,423)(1,684,579) 
Proceeds from sales of mortgage loans held for sale960,4231,642,860 
Decrease in interest receivable2,8655,372 
Decrease in interest payable(7,191)(6,422) 
Net change in other assets and other liabilities59,08136,769 
Net cash provided by operating activities242,662353,229 
CASH FLOWS FROM INVESTING ACTIVITIES   
Net (increase) decrease in loans(1,094,612)901,593 
Purchases of:   
Investment securities(533,674)(1,850,368) 
Premises, equipment, and software, net of disposals(49,312)(15,657) 
Other assets(2,545)(2,156) 
Proceeds from:   
Sales of investment securities17,916963,201 
Calls and maturities of investment securities1,216,2241,431,674 
Sales of other assets38,16049,179 
Sales of loans originated for investment39,184286,330 
Net cash provided by (used in) investing activities(368,659)1,763,796 
CASH FLOWS FROM FINANCING ACTIVITIES   
Net increase (decrease) in deposits(442,983)76,247 
Net increase (decrease) in short-term funding784,394(687,590) 
Repayment of long-term funding(370,091)(640,304) 
Proceeds from issuance of long-term funding432,504400,000 
Proceeds from issuance of common stock0478,358 
Proceeds from issuance of preferred stock63,2720 
Redemption of preferred stock(525,000)0 
Cash dividends on common stock(5,231)(5,210) 
Cash dividends on preferred stock(12,918)(19,688) 
Purchase of treasury stock(640)(813) 
Net cash used in financing activities(76,693)(399,000) 
Net increase(decrease) in cash and cash equivalents(202,690)1,718,025 
Cash and cash equivalents at beginning of period868,162820,692820,692
Cash and cash equivalents at end of period665,4722,538,717868,162
Supplemental disclosures of cash flow information:   
Cash paid for interest106,302140,065 
Cash (received) paid for income taxes17,517(50,351) 
Loans and bank premises transferred to other real estate owned37,16837,347 
Capitalized mortgage servicing rights$ 9,807$ 18,632