XML 48 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 141,771 $ 140,934
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Provision for credit losses 11,000 7,800
Depreciation and amortization 38,023 36,738
(Recovery of) addition to valuation allowance on mortgage servicing rights, net (89) (14,097)
Amortization of mortgage servicing rights 8,224 12,479
Amortization of other intangible assets 2,972 3,032
Amortization and accretion on earning assets, funding, and other, net 21,647 36,973
Tax impact of stock-based compensation 1,184 448
(Gain) loss on sales of investment securities, net and impairment write-downs (469) (582)
(Gain) loss on sales of assets and impairment write-downs, net (6,561) (2,726)
Gain on mortgage banking activities, net (11,668) (31,539)
Mortgage loans originated and acquired for sale (777,532) (1,977,357)
Proceeds from sales of mortgage loans held for sale 735,565 2,152,286
Pension Contributions (21,270) (28,000)
(Increase) decrease in interest receivable (3,301) 739
Increase (decrease) in interest payable (6,451) (8,293)
Net change in other assets and other liabilities (2,333) 42,721
Net cash provided by (used in) operating activities 130,712 371,556
CASH FLOWS FROM INVESTING ACTIVITIES    
Net (increase) decrease in loans (1,292,718) (233,755)
Purchases of:    
Available for sale securities (808,899) (1,305,155)
Held to maturity securities (126,602) (85,453)
FHLB stock (7,626) (28,520)
Premises, equipment, and software, net of disposals (35,507) (49,139)
Other assets (2,460) (1,401)
Proceeds from:    
Sales of available for sale securities 101,987 135,809
Sale of FHLB stock 0 14,399
Prepayments, calls and maturities of available for sale securities 620,606 1,082,290
Prepayments, calls and maturities of held to maturity securities 6,170 0
Prepayments, calls, and maturities of other assets 29,136 30,857
Net cash provided by (used in) investing activities (1,515,913) (440,068)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase (decrease) in deposits 934,091 1,398,043
Net increase (decrease) in short-term funding 689,254 (700,059)
Repayment of long-term funding (155,058) (400,156)
Purchase of preferred stock (960) (617)
Cash dividends on common stock (43,299) (40,223)
Cash dividends on preferred stock (3,777) (3,885)
Purchase of treasury stock (162,743) (93,294)
Net cash provided by (used in) financing activities 1,257,508 159,809
Net increase (decrease) in cash and cash equivalents (127,693) 91,297
Cash and cash equivalents at beginning of period 602,245 737,873
Cash and cash equivalents at end of period 474,552 829,170
Supplemental disclosures of cash flow information:    
Cash paid for interest 46,026 57,310
Cash (received) paid for income taxes 57,167 29,700
Loans and bank premises transferred to other real estate owned 17,125 21,962
Capitalized mortgage servicing rights $ 5,844 $ 15,968