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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Assets:    
Cash and due from banks $ 231,808 $ 190,663
Interest-bearing deposits 33,662 29,461
Securities available-for-sale 2,807,966 2,991,091
Securities held-to-maturity (fair value of $4,197,378 and $4,125,125) 4,219,198 4,160,658
Federal Home Loan Bank and Federal Reserve Bank stock 155,505 194,646
Loans held for sale (valued under fair value option $39,407 and $60,260) 39,407 67,577
Loans and leases [1],[2] 17,273,678 17,026,588
Allowance for loan and lease losses (199,578) (194,320)
Loans and leases, net 17,074,100 16,832,268
Deferred tax assets, net 80,942 84,391
Premises and equipment, net 131,833 137,413
Goodwill 538,373 538,373
Other intangible assets, net 31,591 33,674
Cash surrender value of life insurance policies 524,674 517,852
Accrued interest receivable and other assets 305,871 294,462
Total assets 26,174,930 26,072,529
Liabilities and shareholders' equity:    
Noninterest-bearing Deposit Liabilities 4,074,819 4,021,061
Interest-bearing Deposit Liabilities 16,383,278 15,282,796
Total deposits 20,458,097 19,303,857
Securities sold under agreements to repurchase and other borrowings 872,692 949,526
Federal Home Loan Bank advances 1,767,757 2,842,908
Long-term debt 225,640 225,514
Accrued expenses and other liabilities 245,618 223,712
Total liabilities 23,569,804 23,545,517
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 1,124,661 1,125,937
Retained earnings 1,496,300 1,425,320
Treasury stock, at cost (1,628,450 and 1,899,502 shares) (67,400) (70,899)
Accumulated other comprehensive loss, net of tax (72,082) (76,993)
Total shareholders' equity 2,605,126 2,527,012
Total liabilities and shareholders' equity $ 26,174,930 $ 26,072,529
[1] At June 30, 2017, the Company had pledged $6.2 billion of eligible residential, consumer and commercial loans as collateral to support borrowing capacity at the FHLB Boston and the FRB of Boston.
[2] Loans and leases include net deferred fees and net premiums/discounts of $18.8 million and $17.3 million at June 30, 2017 and December 31, 2016, respectively.