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Consolidated Statements of Condition - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Assets:    
Cash and cash equivalents $ 1,129,846 $ 557,850
Securities:    
Available-for-sale ($899,420 pledged at June 30, 2017) 3,171,117 [1] 104,281
Held-to-maturity ($1,930,533 pledged and fair value of $3,813,959 at December 31, 2016) [2]   3,712,776
Total securities 3,171,117 3,817,057
Loans held for sale (includes $1,480,733 of covered loans) 1,803,724 409,152
Non-covered loans held for investment, net of deferred loan fees and costs 37,251,039 37,382,722
Less: Allowance for losses on non-covered loans (154,683) (158,290)
Non-covered loans held for investment, net 37,096,356 37,224,432
Covered loans 1,500,000 1,698,133
Less: Allowance for losses on covered loans   (23,701)
Covered loans, net   1,674,432
Total loans, net 38,900,080 39,308,016
Federal Home Loan Bank stock, at cost [3] 589,067 590,934
Premises and equipment, net 380,322 373,675
FDIC loss share receivable 187,973 243,686
Goodwill 2,436,131 2,436,131
Core deposit intangibles 24 208
Bank-owned life insurance 960,706 949,026
Other assets held for sale (includes $16,801 of other real estate owned covered by Loss Share Agreements) 237,512  
Other assets (includes $16,990 of other real estate owned covered by Loss Share Agreements at December 31, 2016) 354,880 649,972
Total assets 48,347,658 48,926,555
Deposits:    
NOW and money market accounts 12,813,876 13,395,080
Savings accounts 5,136,373 5,280,374
Certificates of deposit 8,230,853 7,577,170
Non-interest-bearing accounts 2,712,463 2,635,279
Total deposits 28,893,565 28,887,903
Wholesale borrowings:    
Federal Home Loan Bank advances 11,554,500 11,664,500
Repurchase agreements 450,000 1,500,000
Federal funds purchased   150,000
Total wholesale borrowings 12,004,500 13,314,500
Junior subordinated debentures 359,026 358,879
Total borrowed funds 12,363,526 13,673,379
Other liabilities 355,789 241,282
Total liabilities 41,612,880 42,802,564
Stockholders' equity:    
Preferred stock at par $0.01 (5,000,000 shares authorized): Series A (515,000 shares issued and outstanding) 502,840  
Common stock at par $0.01 (900,000,000 shares authorized; 489,060,712 and 487,067,889 shares issued; and 489,023,298 and 487,056,676 shares outstanding, respectively) 4,891 4,871
Paid-in capital in excess of par 6,055,441 6,047,558
Retained earnings 173,409 128,435
Treasury stock, at cost (37,414 and 11,213 shares, respectively) (502) (160)
Accumulated other comprehensive loss, net of tax:    
Net unrealized gain (loss) on securities available for sale, net of tax of $37,238 and $534, respectively 52,202 (753)
Net unrealized loss on the non-credit portion of other-than-temporary impairment ("OTTI") losses on securities, net of tax of $3,338 and $3,351, respectively (5,221) (5,241)
Net unrealized loss on pension and post-retirement obligations, net of tax of $32,614 and $34,355, respectively (48,282) (50,719)
Total accumulated other comprehensive loss, net of tax (1,301) (56,713)
Total stockholders' equity 6,734,778 6,123,991
Total liabilities and stockholders' equity $ 48,347,658 $ 48,926,555
[1] The amortized cost includes the non-credit portion of OTTI recorded in AOCL. At June 30, 2017, 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, 2016, the non-credit portion of OTTI recorded in AOCL was $8.6 million (before taxes).
[3] Carrying value and estimated fair value are at cost.