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Consolidated Statements of Condition - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
ASSETS:    
Cash and cash equivalents $ 537,674 $ 564,150
Securities:    
Available for sale ($0 and $11,436 pledged, respectively) 204,255 173,783
Held-to-maturity ($2,152,939 and $4,584,886 pledged, respectively) (fair value of $6,108,529 and $7,085,971, respectively) 5,969,390 [1] 6,922,667 [2]
Total securities 6,173,645 7,096,450
Non-covered loans held for sale 367,221 379,399
Non-covered loans held for investment, net of deferred loan fees and costs 35,763,204 33,024,956
Less: Allowance for losses on non-covered loans (147,124) (139,857)
Non-covered loans held for investment, net 35,616,080 32,885,099
Covered loans 2,060,089 2,428,622
Less: Allowance for losses on covered loans (31,395) (45,481)
Covered loans, net 2,028,694 2,383,141
Total loans, net 38,011,995 35,647,639
Federal Home Loan Bank stock, at cost [3] 663,971 515,327
Premises and equipment, net 322,307 319,002
FDIC loss share receivable 314,915 397,811
Goodwill 2,436,131 2,436,131
Core deposit intangibles 2,599 7,943
Mortgage servicing rights 247,734 227,297
Bank-owned life insurance 931,627 915,156
Other real estate owned (includes $25,817 and $32,048, respectively, covered by loss sharing agreements) 39,882 94,004
Other assets 635,316 338,307
Total assets 50,317,796 48,559,217
Deposits:    
NOW and money market accounts 13,069,019 12,549,600
Savings accounts 7,541,566 7,051,622
Certificates of deposit 5,312,487 6,420,598
Non-interest-bearing accounts 2,503,686 2,306,914
Total deposits 28,426,758 28,328,734
Wholesale borrowings:    
Federal Home Loan Bank advances 13,463,800 10,183,132
Repurchase agreements 1,500,000 3,425,000
Federal funds purchased 426,000 260,000
Total wholesale borrowings 15,389,800 13,868,132
Junior subordinated debenturesxx 358,605 358,355
Total borrowed funds 15,748,405 14,226,487
Other liabilities 207,937 222,181
Total liabilities $ 44,383,100 $ 42,777,402
Stockholders' equity:    
Preferred stock at par $0.01 (5,000,000 shares authorized; none issued)
Common stock at par $0.01 (600,000,000 shares authorized; 484,968,024 and 442,659,460 shares issued, and 484,943,308 and 442,587,190 shares outstanding, respectively) $ 4,850 $ 4,427
Paid-in capital in excess of par 6,023,882 5,369,623
(Accumulated deficit) retained earnings (36,568) 464,569
Treasury stock, at cost (24,716 and 72,270 shares, respectively) (447) (1,118)
Accumulated other comprehensive loss, net of tax:    
Net unrealized gain on securities available for sale, net of tax of $2,153 and $2,022, respectively 3,031 2,990
Net unrealized loss on the non-credit portion of other-than-temporary impairment ("OTTI") losses on securities, net of tax of $3,400 and $3,444, respectively (5,318) (5,387)
Net unrealized loss on pension and post-retirement obligations, net of tax of $37,279 and $36,118, respectively (54,734) (53,289)
Total accumulated other comprehensive loss, net of tax (57,021) (55,686)
Total stockholders' equity 5,934,696 5,781,815
Total liabilities and stockholders' equity $ 50,317,796 $ 48,559,217
[1] Held-to-maturity securities are reported at a carrying amount equal to amortized cost less the non-credit portion of OTTI recorded in AOCL. At December 31, 2015, the non-credit portion of OTTI recorded in AOCL was $8.7 million (before taxes).
[2] Held-to-maturity securities are reported at a carrying amount equal to amortized cost less the non-credit portion of OTTI recorded in AOCL. At December 31, 2014, the non-credit portion of OTTI recorded in AOCL was $8.8 million (before taxes).
[3] Carrying value and estimated fair value are at cost.