XML 88 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements Of Cash Flows (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash Flows from Operating Activities      
Net income $ 53,538,000 $ 48,826,000 $ 158,354,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 16,772,000 11,042,000 10,377,000
Amortization of purchase accounting adjustments (30,653,000) (52,850,000) (7,051,000)
Provision for loan losses 25,867,000 42,451,000 45,370,000
Noncash compensation expense 9,114,000 7,797,000 6,586,000
(Gain) loss on sale of assets (943,000) 76,000 644,000
Loss on impaired securities 509,000 517,000  
Gain on sale of investments (3,475,000) (5,251,000) (6,736,000)
Gain on sale of OREO (1,476,000) (2,524,000) (10,000)
Gain on acquisition   (3,781,000) (238,893,000)
Goodwill impairment     9,681,000
Loss on abandonment of fixed assets     154,000
Amortization of premium/discount on investments 18,233,000 15,050,000 3,719,000
Derivative losses (gains) on swaps 2,000 (3,000) (198,000)
(Benefit) provision for deferred income taxes (11,750,000) (3,607,000) 82,297,000
Mortgage loans held for sale      
Originations (1,662,611,000) (1,772,486,000) (1,587,095,000)
Proceeds from sales 1,641,780,000 1,803,214,000 1,618,761,000
Gain on sale of loans, net (44,892,000) (47,689,000) (35,108,000)
Cash retained from tax benefit associated with share-based payment arrangements (1,454,000) (637,000) (1,346,000)
(Increase) decrease in other assets (51,549,000) 163,741,000 (207,687,000)
Other operating activities, net 1,625,000 (54,162,000) 25,225,000
Net Cash (Used in) Provided by Operating Activities (41,363,000) 149,724,000 (122,956,000)
Cash Flows from Investing Activities      
Proceeds from sales of securities available for sale 130,305,000 249,008,000 338,096,000
Proceeds from maturities, prepayments and calls of securities available for sale 626,004,000 576,139,000 413,221,000
Purchases of securities available for sale (499,899,000) (1,198,853,000) (944,914,000)
Proceeds from maturities, prepayments and calls of securities held to maturity 120,075,000 66,091,000 349,019,000
Purchases of securities held to maturity (22,803,000) (96,375,000) (548,647,000)
FDIC reimbursement of recoverable covered asset losses 139,852,000 438,870,000  
Increase in loans receivable, net, excluding loans acquired (503,514,000) (58,373,000) (344,310,000)
Proceeds from sale of premises and equipment 3,227,000 1,324,000 70,000
Purchases of premises and equipment (44,055,000) (38,063,000) (16,212,000)
Proceeds from disposition of real estate owned 61,713,000 49,072,000 15,011,000
Investment in new market tax credit entities (9,425,000) (11,875,000) (104,200,000)
Cash received in excess of cash paid for acquisition 79,288,000 24,134,000 496,015,000
Other investing activities, net 2,085,000 6,518,000 814,000
Net Cash Provided by (Used in) Investing Activities 82,853,000 7,617,000 (346,037,000)
Cash Flows from Financing Activities      
Increase in deposits, net of deposits acquired 174,809,000 87,498,000 529,415,000
Net change in short-term borrowings, net of borrowings acquired 136,786,000 (43,023,000) 42,561,000
Proceeds from long-term debt 3,176,000 45,233,000 53,531,000
Repayments of long-term debt (47,227,000) (380,004,000) (380,659,000)
Dividends paid to shareholders (38,558,000) (34,412,000) (23,355,000)
Preferred stock dividend paid     (3,350,000)
Proceeds from sale of treasury stock for stock options exercised 6,807,000 1,631,000 4,449,000
Payments to repurchase common stock (43,219,000) (1,500,000) (979,000)
Preferred stock issued and common stock warrants     (87,878,000)
Common stock issued   328,980,000 164,644,000
Redemption of preferred stock warrant     (1,200,000)
Cash retained from tax benefit associated with share-based payment arrangements 1,454,000 637,000 1,346,000
Net Cash Provided by Financing Activities 194,028,000 5,040,000 298,525,000
Net Increase (Decrease) In Cash and Cash Equivalents 235,518,000 162,381,000 (170,468,000)
Cash and Cash Equivalents at Beginning of Period 337,778,000 175,397,000 345,865,000
Cash and Cash Equivalents at End of Period 573,296,000 337,778,000 175,397,000
Supplemental Schedule of Noncash Activities      
Acquisition of real estate in settlement of loans 104,855,000 49,886,000 19,254,000
Common stock issued in acquisition 181,140,000    
Transfers of property into Other Real Estate 104,855,000 49,886,000 20,575,000
Exercise of stock options with payment in company stock     290,000
Supplemental Disclosures      
Interest on deposits and borrowings 84,452,000 117,810,000 104,228,000
Income taxes, net $ 41,594,000 $ 24,494,000 $ 17,127,000