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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
OPERATING ACTIVITIES:      
Net income (loss) $ 64,882 $ 5,457 $ (61,896)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation 7,788 8,593 9,208
Deferred income and expense, net of amortization 2,864 1,645 103
Amortization of core deposit intangibles 2,092 2,276 2,459
Other-than-temporary impairment losses (recovery) 409 (3,000) 4,231
Net change in valuation of financial instruments carried at fair value 16,515 624 (1,747)
Purchases of securities—trading (5,408) 0 (3,266)
Proceeds from sales of securities—trading 5,073 0 0
Principal repayments and maturities of securities—trading 15,880 15,409 55,427
Deferred taxes (35,007) 0 14,988
Increase in current taxes payable 1,089 0 0
Equity-based compensation 440 136 83
Increase in cash surrender value of bank-owned life insurance (2,554) (1,910) (2,057)
Gain on sale of loans, net of capitalized servicing rights (10,154) (3,226) (4,634)
(Gain) Loss on disposal of real estate held for sale and property and equipment (4,614) 1,465 1,917
Provision for losses on loans and real estate held for sale 18,178 50,064 85,096
Origination of loans held for sale (503,492) (278,733) (349,975)
Proceeds from sales of loans held for sale 504,734 282,444 350,980
Net change in:      
Other assets (869) 17,965 15,622
Other liabilities 3,569 2,104 (2,020)
Net cash provided from operating activities 81,415 101,313 114,519
INVESTING ACTIVITIES:      
Purchases of available-for-sale securities (413,482) (622,192) (238,499)
Principal repayments and maturities of available-for-sale securities 389,414 328,037 131,900
Proceeds from sales of securities available-for-sale 13,282 28,179 1,965
Purchases of securities held-to-maturity (23,007) (12,480) (8,727)
Principal repayments and maturities of securities held-to-maturity 11,806 12,074 8,416
Principal repayments of loans, net of originations 55,763 9,125 235,847
Purchases of loans and participating interest in loans (18,410) (5,092) (341)
Purchases of property and equipment, net of sales (5,613) (3,587) (2,167)
Proceeds from sale of real estate held for sale, net 40,834 94,957 47,809
Other 1,892 (234) (149)
Net cash provided from (used by) investing activities 52,479 (171,213) 176,054
FINANCING ACTIVITIES      
Increase (decrease) in deposits, net 82,150 (115,544) (274,352)
Repayment of FHLB advances (6) (32,806) (145,506)
Decrease in other borrowings, net (75,495) (23,695) (1,039)
Cash dividends paid (6,470) (8,827) (8,867)
Cash proceeds from issuance of stock for stockholder reinvestment plan 36,317 21,556 16,201
Cash proceeds from issuance of stock in secondary offering, net of costs 0 0 161,637
Redemption of preferred stock (121,528) 0 0
Net cash used by financing activities (85,032) (159,316) (251,926)
NET INCREASE (DECREASE) IN CASH AND DUE FROM BANKS 48,862 (229,216) 38,647
CASH AND DUE FROM BANKS, BEGINNING OF YEAR 132,436 361,652 323,005
CASH AND DUE FROM BANKS, END OF YEAR 181,298 132,436 361,652
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:      
Interest paid in cash 20,712 35,114 64,112
Taxes paid (received) in cash 9,631 (13,048) (592)
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 $ 14,070 $ 53,518 $ 87,967