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Consolidated Statements of Condition - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
ASSETS:    
Cash and cash equivalents $ 557,850 $ 537,674
Securities:    
Available for sale 104,281 204,255
Held-to-maturity ($1,930,533 and $2,152,939 pledged, respectively) (fair value of $3,813,959 and $6,108,529, respectively) 3,712,776 [1] 5,969,390 [2]
Total securities 3,817,057 6,173,645
Non-covered loans held for sale 409,152 367,221
Non-covered loans held for investment, net of deferred loan fees and costs 37,382,722 35,763,204
Less: Allowance for losses on non-covered loans (158,290) (147,124)
Non-covered loans held for investment, net 37,224,432 35,616,080
Covered loans 1,698,133 2,060,089
Less: Allowance for losses on covered loans (23,701) (31,395)
Covered loans, net 1,674,432 2,028,694
Total loans, net 39,308,016 38,011,995
Federal Home Loan Bank stock, at cost [3] 590,934 663,971
Premises and equipment, net 373,675 322,307
FDIC loss share receivable 243,686 314,915
Goodwill 2,436,131 2,436,131
Core deposit intangibles 208 2,599
Mortgage servicing rights (includes $228,099 and $243,389, respectively, measured at fair value) 233,961 247,734
Bank-owned life insurance 949,026 931,627
Other real estate owned (includes $16,990 and $25,817, respectively, covered by loss sharing agreements) 28,598 39,882
Other assets 387,413 635,316
Total assets 48,926,555 50,317,796
Deposits:    
NOW and money market accounts 13,395,080 13,069,019
Savings accounts 5,280,374 7,541,566
Certificates of deposit 7,577,170 5,312,487
Non-interest-bearing accounts 2,635,279 2,503,686
Total deposits 28,887,903 28,426,758
Wholesale borrowings:    
Federal Home Loan Bank advances 11,664,500 13,463,800
Repurchase agreements 1,500,000 1,500,000
Federal funds purchased 150,000 426,000
Total wholesale borrowings 13,314,500 15,389,800
Junior subordinated debentures 358,879 358,605
Total borrowed funds 13,673,379 15,748,405
Other liabilities 241,282 207,937
Total liabilities 42,802,564 44,383,100
Stockholders' equity:    
Preferred stock at par $0.01 (5,000,000 shares authorized; none issued)
Common stock at par $0.01 (900,000,000 shares authorized; 487,067,889 and 484,968,024 shares issued, and 487,056,676 and 484,943,308 shares outstanding, respectively) 4,871 4,850
Paid-in capital in excess of par 6,047,558 6,023,882
Retained earnings (accumulated deficit) 128,435 (36,568)
Treasury stock, at cost (11,213 and 24,716 shares, respectively) (160) (447)
Accumulated other comprehensive loss, net of tax:    
Net unrealized (loss) gain on securities available for sale, net of tax of $534 and $2,153, respectively (753) 3,031
Net unrealized loss on the non-credit portion of other-than-temporary impairment ("OTTI") losses on securities, net of tax of $3,351 and $3,400, respectively (5,241) (5,318)
Net unrealized loss on pension and post-retirement obligations, net of tax of $34,355 and $37,279, respectively (50,719) (54,734)
Total accumulated other comprehensive loss, net of tax (56,713) (57,021)
Total stockholders' equity 6,123,991 5,934,696
Total liabilities and stockholders' equity $ 48,926,555 $ 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 AOCL. At December 31, 2016, 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, 2015, the non-credit portion of OTTI recorded in AOCL was $8.7 million (before taxes).
[3] Carrying value and estimated fair value are at cost.