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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
OPERATING ACTIVITIES:    
Net income $ 50,194 $ 387
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 6,048 6,509
Deferred income and expense, net of amortization 1,871 1,207
Amortization of core deposit intangibles 1,583 1,721
Other-than-temporary impairment (recovery) or loss 409 (3,000)
Net change in valuation of financial instruments carried at fair value 16,901 (1,163)
Purchases of securities-trading (2,161) 0
Proceeds from sales of securities-trading 2,170 0
Principal repayments and maturities of securities—trading 13,838 11,305
Increase in deferred taxes (41,474) 0
Increase in current taxes payable 10,177 0
Equity-based compensation 195 91
Increase in cash surrender value of bank-owned life insurance (1,489) (1,405)
Gain on sale of loans, excluding capitalized servicing rights (6,117) (1,992)
(Gain) loss on disposal of real estate held for sale and property and equipment (3,645) 1,254
Provision for losses on loans and real estate held for sale 16,451 42,407
Origination of loans held for sale (369,251) (186,341)
Proceeds from sales of loans held for sale 371,477 187,830
Net change in:    
Other assets (2,000) 16,308
Other liabilities 3,678 (677)
Net cash provided from operating activities 68,855 74,441
INVESTING ACTIVITIES:    
Purchases of available-for-sale securities (299,985) (420,910)
Principal repayments and maturities of available-for-sale securities 290,440 224,716
Proceeds from sales of securities available-for-sale 13,282 13,179
Purchases of securities held-to-maturity (16,115) (11,303)
Principal repayments and maturities of securities held-to-maturity 2,800 7,066
Principal repayments of loans, net of originations 63,755 92,156
Purchases of loans and participating interest in loans (4,863) (620)
Purchases of property and equipment (3,823) (2,486)
Proceeds from sale of real estate held for sale, net 33,516 66,653
Other (8) (169)
Net cash provided from (used by) investing activities 78,999 (31,718)
FINANCING ACTIVITIES:    
Increase (decrease) in deposits, net 10,718 (53,764)
Repayment of FHLB advances (4) (32,804)
Decrease in other borrowings, net (69,853) (36,109)
Cash dividends paid (5,195) (7,107)
Cash proceeds from issuance of stock for stockholder reinvestment plan 36,314 13,736
Repurchase of preferred stock (48,514) 0
Net cash used by financing activities (76,534) (116,048)
NET INCREASE (DECREASE) IN CASH AND DUE FROM BANKS 71,320 (73,325)
CASH AND DUE FROM BANKS, BEGINNING OF PERIOD 132,436 361,652
CASH AND DUE FROM BANKS, BEGINNING OF PERIOD 203,756 288,327
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Interest paid in cash 16,585 28,231
Taxes received in cash 2,579 (13,048)
NON-CASH INVESTING AND FINANCING TRANSACTIONS:    
Loans, net of discounts, specific loss allowances and unearned income, transferred to real estate owned and other repossessed assets $ 11,632 $ 45,880