XML 69 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash Flows from Operating Activities    
Net income $ 717 $ 19,393
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 6,899  
Amortization of purchase accounting adjustments, net (6,358)  
(Reversal of) provision for credit losses (3,377) 2,857
Noncash compensation expense 2,512 2,250
(Gain) loss on sale of assets (47)  
Gain on sale of available for sale investments (2,328)  
Gain on sale of OREO (1,387)  
Impairment of FDIC loss share receivables 31,813  
Amortization of premium/discount on investments 5,600  
Derivative losses (gains) on swaps 1  
(Benefit) provision for deferred income taxes 123  
Mortgage loans held for sale    
Originations (536,673)  
Proceeds from sales 634,540  
Gain on sale of loans, net (18,429)  
Cash retained from tax benefit associated with share-based payment arrangements (330)  
(Increase) decrease in other assets (9,368)  
Other operating activities, net 4,424  
Net Cash Provided by Operating Activities 108,332  
Cash Flows from Investing Activities    
Proceeds from sales of securities available for sale 19,234  
Proceeds from maturities, prepayments and calls of securities available for sale 288,650  
Purchases of securities available for sale (548,154)  
Proceeds from maturities, prepayments and calls of securities held to maturity 8,724  
Purchases of securities held to maturity (2,412)  
FDIC reimbursement of recoverable covered asset losses 37,903  
Increase in loans receivable, net, excluding loans acquired (101,684)  
Proceeds from sale of premises and equipment 105  
Purchases of premises and equipment (6,019)  
Proceeds from disposition of real estate owned 17,719  
Investment in new market tax credit entities     
Cash received in excess of cash paid for acquisition     
Other investing activities, net 11,244  
Net Cash Used in Investing Activities (274,690)  
Cash Flows from Financing Activities    
(Decrease) increase in deposits, net of deposits acquired (61,823)  
Net change in short-term borrowings, net of borrowings acquired (8,889)  
Repayments of long-term debt (99,617)  
Dividends paid to shareholders (10,027)  
Proceeds from sale of treasury stock for stock options exercised 3,181 1,111
Payments to repurchase common stock (1,258)  
Cash retained from tax benefit associated with share-based payment arrangements 330 268
Net Cash (Used in) Provided by Financing Activities (178,103)  
Net (Decrease) Increase In Cash and Cash Equivalents (344,461)  
Cash and Cash Equivalents at Beginning of Period 970,977  
Cash and Cash Equivalents at End of Period 626,516  
Supplemental Schedule of Noncash Activities    
Acquisition of real estate in settlement of loans 26,633  
Transfers of property into Other Real Estate 26,633  
Supplemental Disclosures    
Interest on deposits and borrowings 13,739  
Income taxes, net 3,127  
Restated [Member]
   
Cash Flows from Operating Activities    
Net income   19,393
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization   4,919
Amortization of purchase accounting adjustments, net   (10,765)
(Reversal of) provision for credit losses   2,857
Noncash compensation expense   2,250
(Gain) loss on sale of assets   25
Gain on sale of available for sale investments   (2,800)
Gain on sale of OREO   (1,313)
Amortization of premium/discount on investments   4,874
(Benefit) provision for deferred income taxes   356
Mortgage loans held for sale    
Originations   (450,644)
Proceeds from sales   489,095
Gain on sale of loans, net   (13,563)
Cash retained from tax benefit associated with share-based payment arrangements   (268)
(Increase) decrease in other assets   4,884
Other operating activities, net   5,627
Net Cash Provided by Operating Activities   54,927
Cash Flows from Investing Activities    
Proceeds from sales of securities available for sale   81,793
Proceeds from maturities, prepayments and calls of securities available for sale   355,275
Purchases of securities available for sale   (448,487)
Proceeds from maturities, prepayments and calls of securities held to maturity   5,611
Purchases of securities held to maturity   (3,222)
FDIC reimbursement of recoverable covered asset losses   36,926
Increase in loans receivable, net, excluding loans acquired   (102,302)
Proceeds from sale of premises and equipment   309
Purchases of premises and equipment   (10,289)
Proceeds from disposition of real estate owned   28,484
Investment in new market tax credit entities     
Cash received in excess of cash paid for acquisition     
Other investing activities, net   8,224
Net Cash Used in Investing Activities   (47,678)
Cash Flows from Financing Activities    
(Decrease) increase in deposits, net of deposits acquired   172,927
Net change in short-term borrowings, net of borrowings acquired   (129,054)
Proceeds from long-term debt   220
Repayments of long-term debt   (22,268)
Dividends paid to shareholders   (9,988)
Proceeds from sale of treasury stock for stock options exercised   1,111
Payments to repurchase common stock   (980)
Cash retained from tax benefit associated with share-based payment arrangements   268
Net Cash (Used in) Provided by Financing Activities   12,236
Net (Decrease) Increase In Cash and Cash Equivalents   19,485
Cash and Cash Equivalents at Beginning of Period   573,296
Cash and Cash Equivalents at End of Period   592,781
Supplemental Schedule of Noncash Activities    
Acquisition of real estate in settlement of loans   31,338
Transfers of property into Other Real Estate   31,338
Supplemental Disclosures    
Interest on deposits and borrowings   18,109
Income taxes, net   $ 2,504