XML 82 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
CASH FLOWS FROM OPERATING ACTIVITIES      
Interest and dividends received $ 264,482 $ 270,885 $ 300,013
Service charges and other fees received 36,399 33,855 35,430
Interest paid (27,034) (36,226) (59,494)
Cash paid to vendors and employees (130,605) (123,675) (145,712)
Income taxes paid (7,455) (57,000) (43,313)
Proceeds from FDIC shared-loss agreements 18,974 42,179 15,941
Net cash provided by operating activities 154,761 130,018 102,865
CASH FLOWS FROM INVESTING ACTIVITIES      
Proceeds from redemption of FHLB Stock 16,038 14,055 10,838
Proceeds from sales of investment securities     743,769
Proceeds from repayment of investment securities 559,187 373,740 315,100
Proceeds from maturity of investment securities 84,345 90,342 304,772
Purchases of investment securities (942,710) (816,386) (1,098,711)
Net decrease in loans and lease finance receivables 48,001 232,164 265,009
Proceeds from sales of premises and equipment 27 191 240
Proceeds from sales of other real estate owned 18,295 20,907 16,460
Purchase of premises and equipment (4,271) (1,676) (6,712)
Other, net     (330)
Net cash (used in) provided by investing activities (221,088) (86,663) 550,435
CASH FLOWS FROM FINANCING ACTIVITIES      
Net increase in transaction deposits 292,422 338,443 184,559
Net decrease in time deposits (122,983) (252,723) (104,086)
Repayment of FHLB advances (250,000) (100,000) (200,000)
Repayment of repurchase agreements     (250,000)
Repayment of junior subordinated debentures (48,043) (5,000)  
Net increase/(decrease) in other borrowings 26,000 (1,917) (508)
Net (decrease)/increase in customer repurchase agreements (36,126) (32,818) 57,056
Cash dividends on common stock (44,552) (35,805) (36,103)
Repurchase of common stock (54) (12,527) (5,169)
Proceeds from exercise of stock options 2,557 59 1,547
Tax benefit related to exercise of stock options 194 1 425
Net cash used in financing activities (180,585) (102,287) (352,279)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (246,912) (58,932) 301,021
CASH AND CASH EQUIVALENTS, beginning of period 345,343 404,275 103,254
CASH AND CASH EQUIVALENTS, end of period 98,431 345,343 404,275
RECONCILIATION OF NET EARNINGS TO NET CASH PROVIDED BY OPERATING ACTIVITIES      
Net earnings 77,280 81,733 62,935
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Gain on sale of investment securities     (38,900)
Amortization of capitalized prepayment penalty on borrowings 272 272 272
Loss/(Gain) on sale of premises and equipment 70 (41) 181
(Gain)/loss on sale of other real estate owned (1,393) (722) 514
Credit-related impairment loss on investment securities held-to-maturity   656 904
Increase from bank owned life insurance (2,973) (3,259) (3,125)
Net amortization of premiums on investment securities 24,082 14,105 6,947
Accretion of SJB Discount (22,607) (12,275) (27,412)
Provisions for credit losses   7,068 61,200
Valuation adjustment on other real estate owned 1,047 5,139 6,029
Change in FDIC loss sharing Asset 21,916 (171) 15,856
Stock-based compensation 2,039 2,214 2,197
Depreciation and amortization 7,532 9,648 10,546
Proceeds from FDIC shared-loss agreements 18,974 42,179 15,941
Change in accrued interest receivable 1,157 135 5,025
Change in accrued interest payable (2,033) (1,459) (1,496)
Change in other assets and liabilities 30,037 (15,204) (14,749)
Total adjustments 77,481 48,285 39,930
Net cash provided by operating activities 154,761 130,018 102,865
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING ACTIVITIES      
Securities purchased and not settled   20,641  
Transfer from loans to Other Real Estate Owned $ 10,246 $ 32,331 $ 30,097