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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Assets:    
Cash and due from banks $ 190,663 $ 199,693
Interest-bearing deposits 29,461 155,907
Securities available-for-sale, at fair value 2,991,091 2,984,631
Securities held-to-maturity (fair value of $4,125,125 and $3,961,534) 4,160,658 3,923,052
Federal Home Loan Bank and Federal Reserve Bank stock 194,646 188,347
Loans held for sale (valued under fair value option $60,260 and $0) 67,577 37,091
Loans and leases [1],[2] 17,026,588 15,671,735
Allowance for loan and lease losses (194,320) (174,990)
Loans and leases, net 16,832,268 15,496,745
Deferred tax assets, net 84,391 101,578
Premises and equipment, net 137,413 129,426
Goodwill 538,373 538,373
Other intangible assets, net 33,674 39,326
Cash surrender value of life insurance policies 517,852 503,093
Accrued interest receivable and other assets 294,462 343,856
Total assets 26,072,529 24,641,118
Liabilities and shareholders' equity:    
Non-interest-bearing 4,021,061 3,713,063
Interest-bearing 15,282,796 14,239,715
Total deposits 19,303,857 17,952,778
Securities sold under agreements to repurchase and other borrowings 949,526 1,151,400
Federal Home Loan Bank advances 2,842,908 2,664,139
Long-term debt 225,514 225,260
Accrued expenses and other liabilities 223,712 233,581
Total liabilities 23,545,517 22,227,158
Shareholders’ equity:    
Preferred stock, $.01 par value; Authorized - 3,000,000 shares: Series E issued and outstanding (5,060 shares) 122,710 122,710
Common stock, $.01 par value: Authorized - 200,000,000 shares; (Issued 93,651,601 shares) 937 937
Paid-in capital 1,125,937 1,124,325
Retained earnings 1,425,320 1,315,948
Treasury stock, at cost (1,899,502 and 2,090,409 shares) (70,899) (71,854)
Accumulated other comprehensive loss, net of tax (76,993) (78,106)
Total shareholders' equity 2,527,012 2,413,960
Total liabilities and shareholders' equity $ 26,072,529 $ 24,641,118
[1] At December 31, 2016, the Company had pledged $6.4 billion of eligible loans as collateral to support borrowing capacity at the FHLB of Boston and the FRB of Boston.
[2] Loans and leases include net deferred fees and net premiums and discounts of $17.3 million and $18.0 million at December 31, 2016 and December 31, 2015, respectively.