XML 19 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net (loss) income $ 43,630 $ (1,528)
Adjustments to reconcile net income to net cash provied by (used in) operating activities:    
Amortization of deferred loan origination fees, net of costs 2,849 2,515
Amortization of fair value premiums, net of discounts, on acquired loans 39 2,972
Amortization of investment securities premiums, net of accretion of discounts 6,541 9,312
Amortization of core deposit and customer relationship intangibles 1,258 1,429
Amortization of fair value premium of acquired deposits 268 569
FDIC Loss Share Expense 10,745 38,408
Other Than Temporary Impairment on securities 0 246
Reimbursement from the FDIC shared-loss coverage in sale of loans 0 (20,000)
Depreciation and amortization of premises and equipment 7,229 8,538
Deferred income taxes, net 15,176 (1,329)
Provision for loan and lease losses, net 51,703 109,311
Stock-based compensation 1,014 1,213
(Gain) loss on:    
Sale of securities (12,207) (2,572)
Sale of mortgage loans held for sale (1,294) (2,595)
Gain on sale of derivatives and on sale of TBA 78 (26)
Early extinguishment of debt 12,000 0
Foreclosed real estate 10,580 30,608
Sale of other repossessed asset (1,498) 4,585
Sale of premises and equipment 12 193
Originations of loans held-for-sale (134,189) (165,333)
Proceeds from sale of loans held-for-sale 51,238 76,953
Net (increase) decrease in:    
Trading securities (92) 1,011
Accrued interest receivable 2,671 2,720
Servicing Assets (938) 544
Other assets (13,394) (18,263)
Net increase (decrease) in:    
Accrued interest on deposits and borrowings (1,013) (745)
Accrued expenses and other liabilities (5,594) (11,923)
Net cash provided by (used in) operating activities 46,812 66,813
Purchases of:    
Investment securities available-for-sale (676) (3,747)
Investment securities held-to-maturity (81,261) (458,229)
FHLB stock (20,398) 0
Maturities and Redemptions of [Abstract]    
Investment securities available-for-sale 112,444 187,052
Investments securities held-to-maturity 56,058 24,753
FHLB Stock 28,469 365
Proceeds from sale of:    
Investment securities available for sale 300,483 103,831
Foreclosed real estate and other repossessed assets, including write-offs 36,983 63,959
Proceeds From Sale Of Loans Held For Investment 1,149 30,669
Gain (Loss) on Sale of Property Plant Equipment (48) 76
Proceeds From Sale Of Mortgage Servicing Rights MSR 0 5,927
Origination and purchase of loans, excluding loans held-for-sale (555,658) (611,815)
Principal repayment of loans, including covered loans 616,518 722,579
Reimbursements from the FDIC on shared-loss agreements 824 46,356
Additions to premises and equipment (3,804) (3,402)
Net change in restricted cash (319) (4,058)
Net cash provided by investing activities 491,498 112,280
Net increase (decrease) in:    
Deposits 35,449 (211,637)
Securities sold under agreements to repurchase (287,865) 20,717
FHLB advances, federal funds purchased, and other borrowings (228,157) (3,676)
Subordinated capital notes (66,550) 787
Exercise of stock options and restricted units lapsed, net (329) 204
Purchase of treasury stock 0 (8,950)
Dividends paid on preferred stock (10,396) (10,396)
Dividends paid on common stock (7,906) (13,373)
Net cash used in financing activities (565,754) (226,324)
Net change in cash and cash equivalents (27,444) (47,231)
Cash and cash equivalents at beginning of period 536,709  
Cash and cash equivalents at end of period 509,265  
Supplemental Cash Flow Disclosure and Schedule of Non-cash Activities:    
Interest paid 44,316 51,471
Income Taxes Paid 7,389 10,598
Mortgage loans securitized into mortgage-backed securities 71,315 87,609
Transfer from loans to foreclosed real estate and other repossessed assets 32,535 56,510
Reclassification of loans held-for-investment portfolio to held-for-sale portfolio 123,137 1,453
Reclassification of loans held-for-sale portfolio to investment portfolio $ 182 $ 156