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Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
INTEREST INCOME:      
Mortgage and other loans $ 1,417,237 $ 1,472,020 $ 1,441,462
Securities and money market investments 165,002 202,849 250,122
Total interest income 1,582,239 1,674,869 1,691,584
INTEREST EXPENSE:      
Interest-bearing checking and money market accounts 98,980 62,166 46,467
Savings accounts 28,447 31,982 50,776
Certificates of deposit 102,355 76,875 62,906
Borrowed funds 222,454 216,464 1,123,360
Total interest expense 452,236 387,487 1,283,509
Net interest income 1,130,003 1,287,382 408,075
Provision for (recovery of) losses 37,242 4,180 (15,004)
Net interest income after provision for (recovery of) loan losses 1,092,761 1,283,202 423,079
NON-INTEREST INCOME:      
Fee income 31,759 32,665 34,058
Bank-owned life insurance 27,133 31,015 27,541
Mortgage banking income 19,337 27,281 54,113
Net gain on sales of loans 1,156 15,806 26,133
Net gain on sales of securities 29,924 3,347 4,054
FDIC indemnification expense (18,961) (6,155) (9,336)
Gain on sale of covered loans and mortgage banking operations 82,026    
Other 44,506 41,613 74,200
Total non-interest income 216,880 145,572 210,763
Operating expenses:      
Compensation and benefits 360,985 351,436 342,624
Occupancy and equipment 98,963 98,543 102,435
General and administrative 181,270 188,130 170,541
Total operating expenses 641,218 638,109 615,600
Amortization of core deposit intangibles 208 2,391 5,344
Debt repositioning charge     141,209
Merger-related expenses   11,146 3,702
Total non-interest expense [1] 641,426 651,646 765,855
Income (loss) before income taxes 668,215 777,128 (132,013)
Income tax expense (benefit) 202,014 281,727 (84,857)
Net (Loss) income 466,201 495,401 (47,156)
Preferred stock dividends 24,621    
Net income (loss) available to common shareholders $ 441,580 $ 495,401 $ (47,156)
Basic earnings (loss) per common share $ 0.90 $ 1.01 $ (0.11)
Diluted earnings (loss) per common share $ 0.90 $ 1.01 $ (0.11)
Net income (loss) $ 466,201 $ 495,401 $ (47,156)
Other comprehensive income (loss), net of tax:      
Change in net unrealized gain (loss) on securities available for sale, net of tax of $29,740; $1,560; and $437, respectively 41,684 (2,207) 475
Change in the non-creditportion of OTTI losses recognized in other comprehensive income (loss), net of tax of $13; $49; and $44, respectively 20 77 69
Change in pension and post-retirement obligations, net of tax of $2,234; $2,924; and $1,161, respectively 1,585 4,015 (1,445)
Less: Reclassification adjustment for sales of available-for-sale securities, net of tax of $1,245; $1,127; and $306, respectively (1,743) (1,577) (434)
Total other comprehensive income (loss), net of tax 41,546 308 (1,335)
Total comprehensive income (loss), net of tax 507,747 495,709 (48,491)
Non-Covered Loans      
INTEREST EXPENSE:      
Provision for (recovery of) losses 60,943 11,874 (3,334)
Covered Loans      
INTEREST EXPENSE:      
Provision for (recovery of) losses $ (23,701) $ (7,694) $ (11,670)
[1] Includes both direct and indirect expenses.