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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities:      
Net income (loss) $ 36,571 $ (250,953) $ (313,747)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Provision (credit) for loan and lease losses (40,690) 159,548 348,801
Goodwill impairment 0 102,689 50,000
Depreciation and amortization 6,724 7,737 8,410
Gain on sale of premises and equipment 0 (7,698) (3,612)
Amortization of other intangible assets 7,033 7,061 6,123
Write down of assets 4,624 1,460 4,963
Write down of other real estate, net of gain on sale 528 6,317 8,651
Net amortization of investment securities 9,447 2,802 3,146
Deferred income tax expense 0 0 21,900
Share-based compensation 3,277 233 362
Net loss (gain) on investment securities (1,306) (831) 74
Net change in trading securities 0 49,126 0
Other than temporary impairment on securities 0 0 2,565
Net gain on sales of residential loans (8,050) (8,468) (13,582)
Proceeds from sales of loans held for sale 667,052 1,069,104 1,713,391
Originations of loans held for sale (662,429) (955,291) (1,709,681)
Equity in earnings of unconsolidated subsidiaries (458) (468) (759)
Increase in cash surrender value of bank-owned life insurance (2,337) (4,554) (5,234)
Ineffective portion of derivative 0 0 (3,365)
Decrease (increase) in income tax receivable (172) 37,616 2,561
Net change in other assets and liabilities 3,309 6,003 10,099
Net cash provided by operating activities 23,123 221,433 131,066
Cash flows from investing activities:      
Proceeds from maturities of and calls on investment securities available for sale 401,556 333,005 312,021
Proceeds from sales of investment securities available for sale 137,980 439,403 86,205
Purchases of investment securities available for sale (1,317,112) (610,081) (526,043)
Proceeds from maturities of and calls on investment securities held to maturity 1,881 1,843 3,939
Net loan principal repayments 19,435 347,252 328,353
Proceeds from sales of loans originated for investment 26,721 193,390 278,580
Proceeds from sales of other real estate 42,362 30,394 4,749
Proceeds from bank-owned life insurance 158 2,069 794
Proceeds from sale of premises and equipment 0 19,715 7,207
Purchases of premises and equipment (747) (1,954) (6,135)
Distributions from unconsolidated subsidiaries 522 726 582
Contributions to unconsolidated subsidiaries 0 (136) (4,228)
Net cash provided by (used in) investing activities (687,244) 755,626 486,024
Cash flows from financing activities:      
Net increase (decrease) in deposits 310,581 (435,969) (342,650)
Proceeds from long-term debt 0 50,000 100,000
Repayments of long-term debt (301,219) (247,893) (91,093)
Net decrease in short-term borrowings (202,446) (39,949) (37,021)
Cash dividends paid on preferred stock 0 0 (2,362)
Net proceeds from issuance of common stock and stock option exercises 323,538 (1,023) 2,255
Net proceeds from issuance of preferred stock and warrants 0 0 134,403
Other, net 0 147 0
Net cash provided by (used in) financing activities 130,454 (674,687) (236,468)
Net increase (decrease) in cash and cash equivalents (533,667) 302,372 380,622
Cash and cash equivalents:      
At beginning of year 790,739 488,367 107,745
At end of year 257,072 790,739 488,367
Cash paid during the year for:      
Interest 18,138 41,553 71,596
Income taxes 86 0 1,532
Cash received during the year for:      
Income taxes 55 37,993 48,305
Supplemental disclosure of noncash investing and financing activities:      
Net change in common stock held by directors' deferred compensation plan 16 6 76
Net reclassification of loans to other real estate 47,064 67,264 27,725
Net transfer of loans to loans held for sale 13,639 74,894 33,850
Net transfer of investment securities available for sale to trading 0 49,126 0
Securitization of residential mortgage loans into available for sale mortgage backed securities 0 0 50,146
Dividends accrued on preferred stock 969 7,096 4,262
Accretion of preferred stock discount 204 1,336 1,322
Preferred stock and accrued unpaid dividends converted to common stock 142,988 0 0
Common stock issued in exchange for preferred stock and accrued unpaid dividends $ 56,201 $ 0 $ 0