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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash Flows from Operating Activities    
Net income $ 59,075 $ 46,666
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:    
Provision (credit) for loan losses (9,000) 16,000
Provision for losses on other real estate owned 7,487 4,315
Deferred tax liability 99 9,064
Depreciation 2,954 3,050
Net losses/(gains) on sale and transfer of other real estate owned 732 (4,522)
Net gains on sale of loans (613) (1,259)
Proceeds from sales of loans 57,690 16,068
Originations of loans held-for-sale (57,051) (10,992)
Increase in trading securities, net (99,893)  
Write-downs on venture capital investments 187 57
Gain on sales and calls of securities (4,589) (11,410)
Decrease in unrealized loss from interest rate swaps mark-to-market (1,892) (1,164)
Amortization/accretion of security premiums/discounts, net 2,543 1,952
Amortization of other intangible assets 2,930 2,983
Excess tax short-fall from share-based payment arrangements 565 271
Stock based compensation expense 1,149 871
Stock issued to officers as compensation 113  
Decrease/(increase) in deferred loan fees, net 406 (1)
Decrease in accrued interest receivable 2,679 3,451
Decrease/(increase) in other assets, net 43,839 (6,532)
(Decrease)/increase in other liabilities (1,336) 8,346
Net cash provided by operating activities 8,074 77,214
Cash Flows from Investing Activities    
(Increase)/decrease in short-term investments (218,680) 110,261
Increase in securities purchased under agreements to resell (10,000) (145,000)
Purchase of investment securities available-for-sale (176,708) (56,758)
Proceeds from maturities and calls of investment securities available-for-sale 470,763 275,000
Proceeds from sale of investment securities available-for-sale 41,104 367,465
Purchase of mortgage-backed securities available-for-sale (420,791) (278,044)
Proceeds from repayment of mortgage-backed securities available-for-sale 46,127 60,868
Proceeds from sale of mortgage-backed securities available-for-sale 179,493 470,411
Purchase of mortgage-backed securities held-to-maturity   (480,083)
Proceeds from maturities and calls of investment securities held-to-maturity 131,961 47,321
Redemptions of Federal Home Loan Bank stock 5,023 5,114
Net increase in loans (926) (124,993)
Purchase of premises and equipment (1,615) (1,670)
Proceeds from sale of other real estate owned 21,698 42,669
Net increase in investment in affordable housing (1,427) (704)
Net cash provided by investing activities 66,022 291,857
Cash Flows from Financing Activities    
Net increase in demand deposits, NOW accounts, money market and savings deposits 239,424 20,013
Net (decrease)/increase in time deposits (84,176) 97,600
Net decrease in federal funds purchased and securities sold under agreements to repurchase   (102,000)
Advances from Federal Home Loan Bank 260,000 1,043,001
Repayment of Federal Home Loan Bank borrowings (463,800) (1,390,501)
Dividends paid on common stock (1,574) (1,572)
Dividends paid on preferred stock (6,450) (6,450)
Proceeds from other borrowings   10,931
Repayment of other borrowings (880)  
Proceeds from shares issued under Dividend Reinvestment Plan 134 109
Proceeds from exercise of stock options 647 1,306
Excess tax short-fall from share-based payment arrangements (565) (271)
Net cash used in financing activities (57,240) (327,834)
Increase in cash and cash equivalents 16,856 41,237
Cash and cash equivalents, beginning of the period 117,888 87,347
Cash and cash equivalents, end of the period 134,744 128,584
Cash paid during the period:    
Interest 58,516 76,718
Income taxes (refunded)/paid (2,717) 30,750
Non-cash investing and financing activities:    
Net change in unrealized holding gain on securities available-for-sale, net of tax 5,044 5,403
Loans to facilitate sale of loans   6,094
Transfers to other real estate owned from loans held for investment 13,216 41,502
Transfers to other real estate owned from loans held for sale   2,873
Loans transferred from held for investment to held for sale 15,986 4,025
Loans to facilitate the sale of other real estate owned $ 1,523 $ 6,825