XML 27 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Mar. 31, 2013
Mar. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 71,260 $ 67,489
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization (accretion) of fees, discounts, premiums and intangible assets, net 2,488 20,703
Cash received from (paid to) FDIC under loss share 11,668 (4,068)
Depreciation 4,600 3,750
Stock option compensation expense 600 600
Provision for loan losses 3,600 29,210
Loss (gain) on real estate held for sale, net 3,028 (1,285)
Decrease (increase) in accrued interest receivable 3,440 (1,536)
Increase in FDIC loss share receivable (777) (2,052)
Increase (decrease) in income taxes payable (13,937) 6,031
Decrease in other assets 35,712 8,832
Increase (decrease) in accrued expenses and other liabilities (8,770) 1,955
Net cash provided by operating activities 112,912 129,629
CASH FLOWS FROM INVESTING ACTIVITIES    
Net principal collections (loan originations) 381,932 342,513
FHLB stock redemptions 1,382 1,512
Available-for-sale securities purchased (356,966) (1,241,126)
Principal payments and maturities of available-for-sale securities 100,906 758,676
Available-for-sale securities sold 43,199 3,500
Held-to-maturity securities purchased (407,135) 0
Principal payments and maturities of available-for-sale securities 132,755 8,394
Net cash received from acquisition 202,308 50,451
Proceeds from sales of real estate held for sale 59,773 90,017
Proceeds from sales of covered REO 7,645 22,959
Premises and equipment purchased and REO improvements (18,048) (11,737)
Net cash provided by investing activities 147,751 25,159
CASH FLOWS FROM FINANCING ACTIVITIES    
Net decrease in customer accounts (161,712) (3,253)
Net increase (decrease) in borrowings 27,529 (19,700)
Proceeds from exercise of common stock options 152 28
Dividends paid on common stock (18,930) (17,078)
Treasury stock purchased (53,224) (30,307)
Decrease in advance payments by borrowers for taxes and insurance (23,849) (10,133)
Net cash used by financing activities (230,034) (80,443)
Increase in cash and cash equivalents 30,629 74,345
Cash and cash equivalents at beginning of period 751,430 816,002
Cash and cash equivalents at end of period 782,059 890,347
Non-cash investing activities    
Non-covered real estate acquired through foreclosure 52,760 73,466
Covered real estate acquired through foreclosure 5,954 6,304
Cash paid during the period for    
Interest 71,092 103,170
Income taxes 32,465 31,947
The following summarizes the non-cash activities related to acquisitions    
Fair value of assets acquired 819,904 124,726
Fair value of liabilities assumed (776,009) (154,500)
Net fair value of assets (liabilities) $ 43,895 $ (29,774)