XML 42 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended 12 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Dec. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 140,934 $ 132,345  
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Provision for loan losses 8,000 0 3,000
Depreciation and amortization 36,738 31,737  
(Recovery of) addition to valuation allowance on mortgage servicing rights, net (14,097) 4,477  
Amortization of mortgage servicing rights 12,479 17,326  
Amortization of other intangible assets 3,032 3,146  
Amortization and accretion on earning assets, funding, and other, net 36,973 45,400  
Tax impact of stock-based compensation 448 5  
(Gain) loss on sales of investment securities, net and impairment write-downs (582) (4,109)  
(Gain) loss on sales of assets and impairment write-downs, net (2,726) 11,887  
Gain on mortgage banking activities, net (31,539) (46,655)  
Mortgage loans originated and acquired for sale (1,977,357) (2,016,963)  
Proceeds from sales of mortgage loans held for sale 2,152,286 2,137,051  
Pension Contributions (28,000) (32,000)  
(Increase) decrease in interest receivable 739 3,336  
Increase (decrease) in interest payable (8,293) (11,446)  
Net change in other assets and other liabilities 42,521 42,441  
Net cash provided by (used in) operating activities 371,556 317,978  
CASH FLOWS FROM INVESTING ACTIVITIES      
Net (increase) decrease in loans (233,755) (1,151,440)  
Purchases of:      
Investment securities (1,390,729) (1,175,405)  
Premises, equipment, and software, net of disposals (49,139) (58,865)  
FHLB stock (28,399) 0  
Other assets (1,401) (3,846)  
Proceeds from:      
Sales of investment securities 135,809 286,336  
Sale of FHLB stock 14,399 25,381  
Prepayments, calls and maturities of investment securities 1,082,290 1,271,031  
Sales, prepayments, calls, and maturities of other assets 30,857 28,366  
Sales of loans originated for investment 0 124,903  
Net cash provided by (used in) investing activities (440,068) (653,539)  
CASH FLOWS FROM FINANCING ACTIVITIES      
Net increase (decrease) in deposits 1,398,043 1,479,782  
Net decrease in deposits due to branch sales 0 (113,622)  
Net increase (decrease) in short-term funding (700,059) (761,200)  
Repayment of long-term funding (400,156) (25,979)  
Proceeds from issuance of long-term funding 0 154,738  
Proceeds from issuance of preferred stock   0  
Redemption of preferred stock (617) 0  
Cash dividends on common stock (40,223) (26,009)  
Cash dividends on preferred stock (3,885) (3,900)  
Purchase of treasury stock (93,294) (31,552)  
Net cash provided by (used in) financing activities 159,809 672,258  
Net increase (decrease) in cash and cash equivalents 91,297 336,697  
Cash and cash equivalents at beginning of period 737,873 616,595 616,595
Cash and cash equivalents at end of period 829,170 953,292 737,873
Supplemental disclosures of cash flow information:      
Cash paid for interest 57,310 84,699  
Cash (received) paid for income taxes 29,700 (32,050)  
Loans and bank premises transferred to other real estate owned 21,962 29,957  
Capitalized mortgage servicing rights $ 15,968 $ 18,669