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Consolidated Condensed Statements of Cash Flows (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash Flows From Operating Activities  
Net Income$ 33,283$ 18,176
Adjustments to reconcile net income to net cash provided by operating activities  
Provision for loan and lease losses and losses on covered loans4,96237,953
Stock-based compensation expense1,1631,054
Depreciation, amortization and accretion2,61210,105
Net realized gain on FDIC assisted bank acquisitions(1,830)(9,818)
Net realized gain on sale of securities0(58)
Net realized gain on sale of other assets(13)(16)
Net realized gain on sale of other real estate owned(7,069)(3,527)
Gain on termination of cash flow hedging instruments(222)(1,463)
Write-down on other real estate owned5,3924,586
Deferred income tax benefit0(394)
Net change in:  
FDIC loss-sharing asset29,8561,022
Loans held for sale(1,814)(1,513)
Interest receivable(3,384)4,195
Interest payable(226)(625)
Other assets5,886(251)
Other liabilities1,60822,053
Net cash provided by operating activities70,20481,479
Cash Flows From Investing Activities  
Loans originated and acquired, net of principal collected(69,420)114,618
Purchases of securities available for sale(294,678)(64,054)
Purchases of premises and equipment(10,619)(3,910)
Proceeds from FDIC reimbursement on loss-sharing asset51,0000
Proceeds from sales of securities available for sale069,328
Proceeds from principal repayments and maturities of securities available for sale101,07166,118
Proceeds from disposal of premises and equipment5971
Proceeds from sales of covered other real estate owned14,60410,652
Proceeds from sales of other real estate and other personal property owned10,2343,943
Capital improvements on other real estate properties(726)(1,147)
Decrease in Small Business Administration secured borrowings(642)1,599
Net cash acquired in business combinations247,792155,910
Net cash (used in) provided by investing activities48,675353,128
Cash Flows From Financing Activities  
Net increase in deposits(215,701)(323,141)
Proceeds from issuance of common stock0229,129
Proceeds from exercise of stock options792851
Proceeds from Federal Home Loan Bank advances1000
Proceeds from Federal Reserve Bank borrowings1000
Repayment of Federal Home Loan Bank advances(39,447)0
Repayment of Federal Reserve Bank borrowings(100)(36,237)
Payment of preferred stock dividends0(2,840)
Payment of common stock dividends(5,524)(1,068)
Repurchase of preferred stock and common stock warrant0(80,200)
Payments for Repurchase of Common Stock(32)0
Net decrease in other borrowings(25,735)(86)
Net cash used in financing activities(285,547)(213,592)
(Decrease) Increase in cash and cash equivalents(166,668)221,015
Cash and cash equivalents at beginning of period514,130305,074
Cash and cash equivalents at end of period347,462526,089
Supplemental Information:  
Cash paid for interest11,96717,164
Cash paid for income tax12,8703,015
Non-cash investing activities  
Assets acquired in FDIC assisted acquisitions (excluding cash and cash equivalents)485,8701,075,166
Liabilities assumed in FDIC assisted acquisitions731,8321,210,882
Loans transferred to other real estate owned$ 16,505$ 27,266