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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
ASSETS    
Cash and due from banks $ 813,732 $ 532,985
Money market investments:    
Time deposits with other financial institutions 3,000 3,000
Other short-term investments 210,093 216,473
Total money market investments 213,093 219,473
Investment securities available for sale, at fair value:    
Securities pledged that can be repledged 793,303 793,562
Other investment securities 1,110,952 1,092,833
Total investment securities available for sale 1,904,255 1,886,395
Other equity securities 32,310 32,169
Investment in unconsolidated entities 0 0
Loans, net of allowance for loan and lease losses of $301,047 (2012 - $435,414) 8,893,217 9,033,155
Loans held for sale, at lower of cost or market 37,868 35,869
Total loans, net 8,931,085 9,069,024
Premises and equipment, net 159,151 161,016
Other real estate owned 142,888 146,801
Accrued interest receivable on loans and investments 44,891 48,697
Other assets 472,965 476,459
Total assets 12,714,370 12,573,019
LIABILITIES    
Non-interest-bearing deposits 1,422,346 1,336,559
Interest-bearing deposits 8,012,434 8,001,565
Total deposits 9,434,780 9,338,124
Securities sold under agreements to repurchase [1],[2] 700,000 700,000
Advances from the Federal Home Loan Bank (FHLB) 455,000 455,000
Other borrowings 216,183 226,492
Accounts payable and other liabilities 159,240 159,269
Total liabilities 10,965,203 10,878,885
Preferred stock, authorized 50,000,000 shares:    
Non-cumulative Perpetual Monthly Income Preferred Stock: issued - 22,004,000 shares, outstanding 2,521,872 shares, aggregate liquidation value of $63,047 36,104 36,104
Common stock, $0.10 par value, authorized, 2,000,000,000 shares; issued, 207,514,167 shares (2012 - 206,730,318 shares issued) 21,809 21,605
Less: Treasury stock (at par value) (108) (96)
Common stock outstanding, 206,982,105 shares outstanding (2012 - 206,235,465 shares 21,701 21,509
Additional paid-in capital 927,454 926,348
Retained earnings 761,266 737,922
Accumulated other comprehensive (loss) income, net of tax expense of $8,171 (2012 - $7,749) 2,642 (27,749)
Total stockholders' equity 1,749,167 1,694,134
Total liabilities and stockholders' equity $ 12,714,370 $ 12,573,019
[1] As of March 31, 2016, includes $600 million with an average rate of 2.88% that lenders have the right to call before their contractual maturities at various dates beginning on July 19, 2016. Subsequent to March 31, 2016, no lender has exercised its call option on repurchase agreements. In addition, $500 million is tied to variable rates.
[2] Reported net of securities purchased under agreements to repurchase (reverse repurchase agreements) by counterparty, when applicable, pursuant to ASC 210-20-45-11.