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Consolidated Statements of Condition - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
ASSETS:    
Cash and cash equivalents $ 2,528,169 $ 557,850
Securities:    
Available for sale ($1,263,227 pledged at December 31, 2017) 3,531,427 [1] 104,281
Held-to-maturity ($1,930,533 pledged at December 31, 2016) (fair value of $3,813,959 at December 31, 2016) [2]   3,712,776
Total securities 3,531,427 3,817,057
Non-covered loans held for sale 35,258 409,152
Non-covered loans held for investment, net of deferred loan fees and costs 38,387,971 37,382,722
Less: Allowance for losses on non-covered loans (158,046) (158,290)
Non-covered loans held for investment, net 38,229,925 37,224,432
Covered loans 0 1,698,133
Less: Allowance for losses on covered loans 0 (23,701)
Covered loans, net   1,674,432
Total loans, net 38,265,183 39,308,016
Federal Home Loan Bank stock, at cost [3] 603,819 590,934
Premises and equipment, net 368,655 373,675
FDIC loss share receivable   243,686
Goodwill 2,436,131 2,436,131
Core deposit intangibles   208
Mortgage servicing rights ($2,729 and $228,099 measured at fair value at December 31, 2017 and 2016, respectively) 6,100 233,961
Bank-owned life insurance 967,173 949,026
Other real estate owned and other repossessed assets ($16,990 covered by loss sharing agreements at December 31, 2016) 16,400 28,598
Other assets 401,138 387,413
Total assets 49,124,195 48,926,555
Deposits:    
Interest-bearing checking and money market accounts 12,936,301 13,395,080
Savings accounts 5,210,001 5,280,374
Certificates of deposit 8,643,646 7,577,170
Non-interest-bearing accounts 2,312,215 2,635,279
Total deposits 29,102,163 28,887,903
Wholesale borrowings:    
Federal Home Loan Bank advances 12,104,500 11,664,500
Repurchase agreements 450,000 1,500,000
Federal funds purchased 0 150,000
Total wholesale borrowings 12,554,500 13,314,500
Junior subordinated debentures 359,179 358,879
Total borrowed funds 12,913,679 13,673,379
Other liabilities 312,977 241,282
Total liabilities 42,328,819 42,802,564
Stockholders' equity:    
Preferred stock at par $0.01 (5,000,000 shares authorized): Series A (515,000 shares issued and outstanding) 502,840  
Common stock at par $0.01 (900,000,000 shares authorized; 489,072,101 and 487,067,889 shares issued, and 488,490,352 and 487,056,676 shares outstanding, respectively) 4,891 4,871
Paid-in capital in excess of par 6,072,559 6,047,558
Retained earnings 237,868 128,435
Treasury stock, at cost (581,749 and 11,213 shares, respectively) (7,615) (160)
Accumulated other comprehensive loss, net of tax:    
Net unrealized gain (loss) on securities available for sale, net of tax of $(27,961) and $534, respectively 39,188 (753)
Net unrealized loss on the non-credit portion of other-than-temporary impairment ("OTTI") losses on securities, net of tax of $3,338 and $3,351, respectively (5,221) (5,241)
Net unrealized loss on pension and post-retirement obligations, net of tax of $32,121 and $34,355, respectively (49,134) (50,719)
Total accumulated other comprehensive loss, net of tax (15,167) (56,713)
Total stockholders' equity 6,795,376 6,123,991
Total liabilities and stockholders' equity $ 49,124,195 $ 48,926,555
[1] The amortized cost includes the non-credit portion of OTTI recorded in AOCL. At December 31, 2017, the non-credit portion of OTTI recorded in AOCL was $8.6 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, 2016, the non-credit portion of OTTI recorded in AOCL was $8.6 million (before taxes).
[3] Carrying value and estimated fair value are at cost.