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Consolidated Statements of Condition (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Assets:    
Cash and cash equivalents $ 662,537 $ 644,550
Securities:    
Available-for-sale ($58,540 and $79,905 pledged, respectively) 243,032 280,738
Held-to-maturity ($4,749,889 and $4,945,905 pledged, respectively) (fair value of $7,317,015 and $7,445,244, respectively) 7,268,244 [1] 7,670,282 [2]
Total securities 7,511,276 7,951,020
Non-covered loans held for sale 680,147 306,915
Non-covered loans held for investment, net of deferred loan fees and costs 32,252,009 29,837,989
Less: Allowance for losses on non-covered loans (139,744) (141,946)
Non-covered loans held for investment, net 32,112,265 29,696,043
Covered loans 2,504,622 2,788,618
Less: Allowance for losses on covered loans (45,682) (64,069)
Covered loans, net 2,458,940 2,724,549
Total loans, net 35,251,352 32,727,507
Federal Home Loan Bank stock, at cost 520,445 561,390
Premises and equipment, net 300,573 273,299
FDIC loss share receivable 418,510 492,674
Goodwill 2,436,131 2,436,131
Core deposit intangibles, net 9,816 16,240
Mortgage servicing rights 237,221 241,018
Bank-owned life insurance 909,881 893,522
Other real estate owned (includes $35,797 and $37,477, respectively, of other real estate owned covered by loss sharing agreements) 99,535 108,869
Other assets 322,495 342,067
Total assets 48,679,772 46,688,287
Deposits:    
NOW and money market accounts 12,409,449 10,536,947
Savings accounts 7,152,261 5,921,437
Certificates of deposit 6,324,385 6,932,096
Non-interest-bearing accounts 2,421,676 2,270,512
Total deposits 28,307,771 25,660,992
Wholesale borrowings:    
Federal Home Loan Bank advances 10,312,316 10,872,576
Repurchase agreements 3,425,000 3,425,000
Fed funds purchased 297,000 445,000
Total wholesale borrowings 14,034,316 14,742,576
Other borrowings 362,596 362,426
Total borrowed funds 14,396,912 15,105,002
Other liabilities 197,091 186,631
Total liabilities 42,901,774 40,952,625
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; 442,659,460 and 440,873,285 shares issued; and 442,648,147 and 440,809,365 shares outstanding, respectively) 4,427 4,409
Paid-in capital in excess of par 5,362,233 5,346,017
Retained earnings 443,949 422,761
Treasury stock, at cost (11,313 and 63,920 shares, respectively) (178) (1,032)
Accumulated other comprehensive loss, net of tax:    
Net unrealized gain on securities available for sale, net of tax of $1,720 and $171, respectively 2,559 277
Net unrealized loss on the non-credit portion of other-than-temporary impairment (“OTTI”) losses on securities, net of tax of $3,454 and $3,586, respectively (5,404) (5,604)
Net unrealized loss on pension and post-retirement obligations, net of tax of $20,056 and $21,126, respectively (29,588) (31,166)
Total accumulated other comprehensive loss, net of tax (32,433) (36,493)
Total stockholders’ equity 5,777,998 5,735,662
Total liabilities and stockholders’ equity $ 48,679,772 $ 46,688,287
[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 September 30, 2014, the non-credit portion of OTTI recorded in AOCL was $8.9 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, 2013, the non-credit portion of OTTI recorded in AOCL was $9.2 million (before taxes).