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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
ASSETS    
Cash and due from banks $ 289,591 $ 532,985
Money market investments:    
Time deposits with other financial institutions 2,800 3,000
Other short-term investments 7,294 216,473
Total money market investments 10,094 219,473
Investment securities available for sale, at fair value:    
Securities pledged that can be repledged 339,390 793,562
Other investment securities 1,542,530 1,092,833
Total investment securities available for sale 1,881,920 1,886,395
Investment securities held to maturity, at amortized cost:    
Securities pledged that can be repledged 0 0
Other investment securities 156,190 161,483
Total investment securities held to maturity, fair value of $132,759 (2015- $131,544) 156,190 161,483
Other equity securities 42,992 32,169
Loans, net of allowance for loan and lease losses of $205,603 (2015-$240,710) 8,681,270 8,871,672
Loans held for sale, at lower of cost or market 50,006 35,869
Total loans, net 8,731,276 8,907,541
Premises and equipment, net 150,828 161,016
Other real estate owned 137,681 146,801
Accrued interest receivable on loans and investments 45,453 48,697
Other assets 476,430 476,459
Total assets 11,922,455 12,573,019
LIABILITIES    
Non-interest-bearing deposits 1,484,155 1,336,559
Interest-bearing deposits 7,347,050 8,001,565
Total deposits 8,831,205 9,338,124
Securities Sold Under Agreements To Repurchase [1],[2] 300,000 700,000
Advances from the Federal Home Loan Bank (FHLB) 670,000 455,000
Other borrowings 216,187 226,492
Accounts payable and other liabilities 118,820 159,269
Total liabilities 10,136,212 10,878,885
Preferred stock, authorized 50,000,000 shares:    
Non-cumulative Perpetual Monthly Income Preferred Stock: issued 22,004,000 shares, outstanding 1,444,146 shares, aggregate liquidation value of $36,104 36,104 36,104
Common stock, $0.10 par value, authorized, 2,000,000,000 shares; issued, 218,700,394 shares (2015 - 216,051,128 shares issued) 21,870 21,605
Less: Treasury stock (at par value) (125) (96)
Common stock outstanding, 217,446,205 shares outstanding (2015 - 215,088,698 shares outstanding) 21,745 21,509
Additional paid-in capital 931,856 926,348
Retained earnings, includes legal surplus reserve of $52,436 million (2015- $42,798 million ) 830,928 737,922
Accumulated other comprehensive loss, net of tax of $7,752 (34,390) (27,749)
Total stockholders' equity 1,786,243 1,694,134
Total liabilities and stockholders' equity $ 11,922,455 $ 12,573,019
[1]
As of December 31, 2016, includes $200 million that have an average rate of 2.11% and that are callable by lenders before their contractual maturities at various dates beginning on January 19, 2017. Subsequent to December 31, 2016, no lender has exercised its call option on repurchase agreements. In addition, $100 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.