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Consolidated Statements of Condition - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Assets:    
Cash and cash equivalents $ 1,458,641 $ 741,870
Securities:    
Debt securities available-for-sale ($1,292,598 and $1,372,238 pledged at September 30, 2020 and December 31, 2019, respectively) (Allowance for credit losses of $0 at September 30, 2020) 5,233,744 5,853,057
Equity investments with readily determinable fair values, at fair value 31,448 32,830
Total securities 5,265,192 5,885,887
Loans held for sale [1] 117,272  
Loans and leases held for investment, net of deferred loan fees and costs 42,829,219 41,894,155
Less: Allowance for loan and lease losses (188,307) (147,638)
Total loans and leases held for investment, net 42,640,912 41,746,517
Total loans and leases, net 42,758,184 41,746,517
Federal Home Loan Bank stock, at cost [2] 697,483 647,562
Premises and equipment, net 289,788 312,626
Operating lease right-of-use assets 271,515 286,194
Goodwill 2,426,379 2,426,379
Bank-owned life insurance 1,159,036 1,145,058
Other real estate owned and other repossessed assets 9,526 12,268
Other assets 596,011 436,460
Total assets 54,931,755 53,640,821
Deposits:    
Interest-bearing checking and money market accounts 11,693,982 10,230,144
Savings accounts 5,964,981 4,780,007
Certificates of deposit 10,990,080 14,214,858
Non-interest-bearing accounts 3,055,898 2,432,123
Total deposits 31,704,941 31,657,132
Wholesale borrowings:    
Federal Home Loan Bank advances 14,227,661 13,102,661
Repurchase agreements 800,000 800,000
Total wholesale borrowings 15,027,661 13,902,661
Junior subordinated debentures 360,157 359,866
Subordinated notes 295,485 295,066
Total borrowed funds 15,683,303 14,557,593
Operating lease liabilities 271,499 285,991
Other liabilities 537,282 428,411
Total liabilities 48,197,025 46,929,127
Stockholders’ equity:    
Preferred stock at par $0.01 (5,000,000 shares authorized): Series A (515,000 shares issued and outstanding) 502,840 502,840
Common stock at par $0.01 (900,000,000 shares authorized; 490,439,070 and 490,439,070 shares issued; and 463,904,084 and 467,346,781 shares outstanding, respectively) 4,904 4,904
Paid-in capital in excess of par 6,117,902 6,115,487
Retained earnings 391,528 342,023
Treasury stock, at cost (26,534,986 and 23,092,289 shares, respectively) (257,521) (220,717)
Accumulated other comprehensive loss, net of tax:    
Net unrealized gain on securities available for sale, net of tax of ($25,473) and ($9,424), respectively 67,755 25,440
Net unrealized loss on pension and post-retirement obligations, net of tax of $20,673 and $22,191, respectively (55,137) (59,136)
Net unrealized (loss) gain on cash flow hedges, net of tax of $14,237 and ($333), respectively (37,541) 853
Total accumulated other comprehensive loss, net of tax (24,923) (32,843)
Total stockholders’ equity 6,734,730 6,711,694
Total liabilities and stockholders’ equity $ 54,931,755 $ 53,640,821
[1] Includes deferred loan origination fees of $1.7 million.
[2] Carrying value and estimated fair value are at cost.