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Consolidated Statements of Condition - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Assets:    
Cash and cash equivalents $ 2,722,915 $ 1,947,931
Securities:    
Debt securities available-for-sale ($1,242,310 and $1,278,177 pledged at March 31, 2021 and December 31, 2020, respectively) (Allowance for credit losses of $0 at March 31, 2021 and December 31, 2020) 6,177,905 5,813,333
Equity investments with readily determinable fair values, at fair value 15,801 31,576
Total securities 6,193,706 5,844,909
Loans held for sale [1] 141,435 117,136
Loans and leases held for investment, net of deferred loan fees and costs 43,125,139 42,883,598
Less: Allowance for credit losses on loans and leases (197,758) (194,043)
Total loans and leases held for investment, net 42,927,381 42,689,555
Total loans and leases held for investment and held for sale, net 43,068,816 42,806,691
Federal Home Loan Bank stock, at cost 698,984 [2] 714,005 [3]
Premises and equipment, net 282,407 287,447
Operating lease right-of-use assets 262,196 266,864
Goodwill 2,426,379 2,426,379
Bank-owned life insurance 1,165,765 1,164,196
Other real estate owned and other repossessed assets 8,153 8,318
Other assets 827,571 839,380
Total assets 57,656,892 56,306,120
Deposits:    
Interest-bearing checking and money market accounts 12,665,002 12,610,073
Savings accounts 7,043,602 6,415,608
Certificates of deposit 9,614,298 10,330,680
Non-interest-bearing accounts 4,874,234 3,080,452
Total deposits 34,197,136 32,436,813
Wholesale borrowings:    
Federal Home Loan Bank advances 14,302,661 14,627,661
Repurchase agreements 800,000 800,000
Total wholesale borrowings 15,102,661 15,427,661
Junior subordinated debentures 360,362 360,259
Subordinated notes 295,764 295,624
Total borrowed funds 15,758,787 16,083,544
Operating lease liabilities 262,169 266,846
Other liabilities 642,360 677,273
Total liabilities 50,860,452 49,464,476
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 465,074,384 and 463,901,808 shares outstanding, respectively) 4,904 4,904
Paid-in capital in excess of par 6,103,251 6,122,690
Retained earnings 552,566 494,229
Treasury stock, at cost (25,364,686 and 26,537,262 shares, respectively) (245,005) (257,541)
Accumulated other comprehensive loss, net of tax:    
Net unrealized (loss) gain on securities available for sale, net of tax of $16,051 and ($25,072), respectively (41,809) 66,880
Net unrealized loss on pension and post-retirement obligations, net of tax of $20,198 and $21,898, respectively (54,855) (59,345)
Net unrealized loss on cash flow hedges, net of tax of $9,658 and $12,519, respectively (25,452) (33,013)
Total accumulated other comprehensive loss, net of tax (122,116) (25,478)
Total stockholders’ equity 6,796,440 6,841,644
Total liabilities and stockholders’ equity $ 57,656,892 $ 56,306,120
[1] Includes deferred loan origination fees of $3.8 million and $1.7 million at March 31, 2021 and December 31, 2020, respectively
[2] Carrying value and estimated fair value are at cost.
[3] Carrying value and estimated fair value are at cost.