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Consolidated Statements of Condition - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Assets:    
Cash and cash equivalents $ 650,880 $ 537,674
Securities:    
Available-for-sale 152,249 204,255
Held-to-maturity ($1,889,548 and $2,152,939 pledged, respectively) (fair value of $4,304,161 and $6,108,529, respectively) 4,068,750 [1] 5,969,390 [2]
Total securities 4,220,999 6,173,645
Non-covered loans held for sale 471,276 367,221
Non-covered loans held for investment, net of deferred loan fees and costs 36,175,882 35,763,204
Less: Allowance for losses on non-covered loans (150,778) (147,124)
Non-covered loans held for investment, net 36,025,104 35,616,080
Covered loans 1,986,054 2,060,089
Less: Allowance for losses on covered loans (28,498) (31,395)
Covered loans, net 1,957,556 2,028,694
Total loans, net 38,453,936 38,011,995
Federal Home Loan Bank stock, at cost [3] 551,247 663,971
Premises and equipment, net 325,017 322,307
FDIC loss share receivable 296,953 314,915
Goodwill 2,436,131 2,436,131
Core deposit intangibles, net 1,753 2,599
Mortgage servicing rights 213,268 247,734
Bank-owned life insurance 933,498 931,627
Other real estate owned (includes $24,455 and $25,817, respectively, covered by loss sharing agreements) 39,869 39,882
Other assets 392,021 635,316
Total assets 48,515,572 50,317,796
Deposits:    
NOW and money market accounts 13,337,556 13,069,019
Savings accounts 6,020,058 7,541,566
Certificates of deposit 6,788,712 5,312,487
Non-interest-bearing accounts 2,835,986 2,503,686
Total deposits 28,982,312 28,426,758
Wholesale borrowings:    
Federal Home Loan Bank advances 10,933,100 13,463,800
Repurchase agreements 1,500,000 1,500,000
Fed funds purchased 553,000 426,000
Total wholesale borrowings 12,986,100 15,389,800
Junior subordinated debentures 358,672 358,605
Total borrowed funds 13,344,772 15,748,405
Other liabilities 203,688 207,937
Total liabilities $ 42,530,772 $ 44,383,100
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; 486,931,184 and 484,968,024 shares issued, and 486,929,814 and 484,943,308 shares outstanding, respectively) $ 4,869 $ 4,850
Paid-in capital in excess of par 6,023,421 6,023,882
Retained earnings (accumulated deficit) 11,135 (36,568)
Treasury stock, at cost (1,370 and 24,716 shares, respectively) (21) (447)
Accumulated other comprehensive loss, net of tax:    
Net unrealized gain on securities available for sale, net of tax of $2,899 and $2,153, respectively 4,093 3,031
Net unrealized loss on the non-credit portion of other-than-temporary impairment ("OTTI") losses on securities, net of tax of $3,388 and $3,400, respectively (5,299) (5,318)
Net unrealized loss on pension and post-retirement obligations, net of tax of $36,334 and $37,279, respectively (53,398) (54,734)
Total accumulated other comprehensive loss, net of tax (54,604) (57,021)
Total stockholders' equity 5,984,800 5,934,696
Total liabilities and stockholders' equity $ 48,515,572 $ 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 March 31, 2016, the non-credit portion of OTTI recorded in AOCL was $8.7 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.