XML 12 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Condition - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Assets:    
Cash and cash equivalents $ 771,782 $ 537,674
Securities:    
Available-for-sale 161,145 204,255
Held-to-maturity ($1,697,964 and $2,152,939 pledged, respectively) (fair value of $3,893,086 and $6,108,529, respectively) 3,651,925 [1] 5,969,390 [2]
Total securities 3,813,070 6,173,645
Non-covered loans held for sale 701,398 367,221
Non-covered loans held for investment, net of deferred loan fees and costs 37,360,740 35,763,204
Less: Allowance for losses on non-covered loans (154,705) (147,124)
Non-covered loans held for investment, net 37,206,035 35,616,080
Covered loans 1,789,164 2,060,089
Less: Allowance for losses on covered loans (25,360) (31,395)
Covered loans, net 1,763,804 2,028,694
Total loans, net 39,671,237 38,011,995
Federal Home Loan Bank stock, at cost [3] 586,355 663,971
Premises and equipment, net 367,369 322,307
FDIC loss share receivable 263,639 314,915
Goodwill 2,436,131 2,436,131
Core deposit intangibles, net 605 2,599
Mortgage servicing rights 197,195 247,734
Bank-owned life insurance 945,240 931,627
Other real estate owned (includes $17,727 and $25,817, respectively, covered by loss sharing agreements) 30,335 39,882
Other assets 379,662 635,316
Total assets 49,462,620 50,317,796
Deposits:    
NOW and money market accounts 13,334,653 13,069,019
Savings accounts 5,492,594 7,541,566
Certificates of deposit 7,383,730 5,312,487
Non-interest-bearing accounts 2,928,622 2,503,686
Total deposits 29,139,599 28,426,758
Wholesale borrowings:    
Federal Home Loan Bank advances 11,583,000 13,463,800
Repurchase agreements 1,500,000 1,500,000
Fed funds purchased 560,000 426,000
Total wholesale borrowings 13,643,000 15,389,800
Junior subordinated debentures 358,809 358,605
Total borrowed funds 14,001,809 15,748,405
Other liabilities 230,700 207,937
Total liabilities 43,372,108 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; 487,067,889 and 484,968,024 shares issued, and 487,066,151 and 484,943,308 shares outstanding, respectively) 4,871 4,850
Paid-in capital in excess of par 6,039,508 6,023,882
Retained earnings (accumulated deficit) 97,431 (36,568)
Treasury stock, at cost (1,738 and 24,716 shares, respectively) (25) (447)
Accumulated other comprehensive loss, net of tax:    
Net unrealized gain on securities available for sale, net of tax of $3,339 and $2,153, respectively 4,715 3,031
Net unrealized loss on the non-credit portion of other-than-temporary impairment ("OTTI") losses on securities, net of tax of $3,364 and $3,400, respectively (5,261) (5,318)
Net unrealized loss on pension and post-retirement obligations, net of tax of $34,442 and $37,279, respectively (50,727) (54,734)
Total accumulated other comprehensive loss, net of tax (51,273) (57,021)
Total stockholders' equity 6,090,512 5,934,696
Total liabilities and stockholders' equity $ 49,462,620 $ 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 September 30, 2016, the non-credit portion of OTTI recorded in AOCL was $8.6 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.