XML 12 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Condition - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Assets:    
Cash and cash equivalents $ 674,289 $ 537,674
Securities:    
Available-for-sale 154,270 204,255
Held-to-maturity ($1,741,622 and $2,152,939 pledged, respectively) (fair value of $4,093,734 and $6,108,529, respectively) 3,822,561 [1] 5,969,390 [2]
Total securities 3,976,831 6,173,645
Non-covered loans held for sale 609,894 367,221
Non-covered loans held for investment, net of deferred loan fees and costs 36,800,530 35,763,204
Less: Allowance for losses on non-covered loans (153,059) (147,124)
Non-covered loans held for investment, net 36,647,471 35,616,080
Covered loans 1,890,883 2,060,089
Less: Allowance for losses on covered loans (26,649) (31,395)
Covered loans, net 1,864,234 2,028,694
Total loans, net 39,121,599 38,011,995
Federal Home Loan Bank stock, at cost [3] 586,835 663,971
Premises and equipment, net 366,921 322,307
FDIC loss share receivable 280,942 314,915
Goodwill 2,436,131 2,436,131
Core deposit intangibles, net 1,146 2,599
Mortgage servicing rights 193,994 247,734
Bank-owned life insurance 939,875 931,627
Other real estate owned (includes $20,083 and $25,817, respectively, covered by loss sharing agreements) 32,897 39,882
Other assets 424,287 635,316
Total assets 49,035,747 50,317,796
Deposits:    
NOW and money market accounts 13,408,815 13,069,019
Savings accounts 5,782,697 7,541,566
Certificates of deposit 7,017,413 5,312,487
Non-interest-bearing accounts 2,674,067 2,503,686
Total deposits 28,882,992 28,426,758
Wholesale borrowings:    
Federal Home Loan Bank advances 11,614,400 13,463,800
Repurchase agreements 1,500,000 1,500,000
Fed funds purchased 435,000 426,000
Total wholesale borrowings 13,549,400 15,389,800
Junior subordinated debentures 358,739 358,605
Total borrowed funds 13,908,139 15,748,405
Other liabilities 205,504 207,937
Total liabilities 42,996,635 44,383,100
Stockholders' equity:    
Preferred stock at par $0.01 (5,000,000 shares authorized; none issued)
Common stock at par $0.01 (900,000,000 shares authorized; 487,016,052 and 484,968,024 shares issued, and 487,009,706 and 484,943,308 shares outstanding, respectively) 4,870 4,850
Paid-in capital in excess of par 6,031,540 6,023,882
Retained earnings (accumulated deficit) 54,866 (36,568)
Treasury stock, at cost (6,346 and 24,716 shares, respectively) (94) (447)
Accumulated other comprehensive loss, net of tax:    
Net unrealized gain on securities available for sale, net of tax of $3,735 and $2,153, respectively 5,273 3,031
Net unrealized loss on the non-credit portion of other-than-temporary impairment ("OTTI") losses on securities, net of tax of $3,376 and $3,400, respectively (5,280) (5,318)
Net unrealized loss on pension and post-retirement obligations, net of tax of $35,388 and $37,279, respectively (52,063) (54,734)
Total accumulated other comprehensive loss, net of tax (52,070) (57,021)
Total stockholders' equity 6,039,112 5,934,696
Total liabilities and stockholders' equity $ 49,035,747 $ 50,317,796
[1] Held-to-maturity securities are reported at a carrying amount equal to amortized cost less the non-credit portion of OTTI recorded in Accumulated Other Comprehensive Loss ("AOCL"). At June 30, 2016, the non-credit portion of OTTI recorded in AOCL was $8.7 million, pre-tax.
[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, 2015, the non-credit portion of OTTI recorded in AOCL was $8.7 million, pre-tax.
[3] Carrying value and estimated fair value are at cost.