XML 156 R41.htm IDEA: XBRL DOCUMENT v3.21.2

Borrowed Funds (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2021

Dec. 31, 2020

Summary of Borrowed Funds

The following table summarizes the Company’s borrowed funds at the dates indicated:

(in thousands)		March 31, 2021				December 31, 2020
Wholesale Borrowings:
FHLB 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

The following table summarizes the Company’s borrowed funds at December 31, 2020 and 2019:

		December 31,
(in thousands)		2020				2019
Wholesale borrowings:
FHLB advances		$	14,627,661			$	13,102,661
Repurchase agreements			800,000				800,000
Total wholesale borrowings		$	15,427,661			$	13,902,661
Junior subordinated debentures			360,259				359,866
Subordinated notes			295,624				295,066
Total borrowed funds		$	16,083,544			$	14,557,593

Summary of Repurchase Agreements Accounted for Secured Borrowings

The following table summarizes the Company’s repurchase agreements accounted for as secured borrowings at March 31, 2021:

		Remaining Contractual Maturity of the Agreements
(in thousands)		Overnight and Continuous				Up to 30 Days				30–90 Days				Greater than 90 Days
GSE obligations		$	—			$	—			$	—			$	800,000

Analysis of Contractual Maturities of Outstanding Federal Home Loan Bank Advances

The contractual maturities and the next call dates of FHLB advances outstanding at December 31, 2020 were as follows:

		Contractual Maturity								Earlier of Contractual Maturity or Next Call Date
(dollars in thousands) Year		Amount				Weighted Average Interest Rate (1)				Amount				Weighted Average Interest Rate (1)
2021		$	3,272,661				0.87	%		$	8,952,661				1.73	%
2022			550,000				1.31				2,150,000				1.43
2023			2,525,000				0.85				2,725,000				0.91
2024			800,000				0.53				800,000				0.53
2028			4,350,000				2.40				—				—
2029			3,130,000				1.55				—				—
Total FHLB advances		$	14,627,661				1.47			$	14,627,661				1.47

(1) Does not included the effect interest rate swap agreements.

Analysis of Contractual Maturities of Outstanding Repurchase Agreements Accounted for as Secured Borrowings

The following table presents an analysis of the contractual maturities and next call dates of the Company’s outstanding repurchase agreements accounted for as secured borrowings at December 31, 2020:

		Contractual Maturity								Earlier of Contractual Maturity or Next Call Date
(dollars in thousands) Year		Amount				Weighted Average Interest Rate				Amount				Weighted Average Interest Rate
2021		$	—				—	%		$	400,000				2.31	%
2022			—				—				400,000				2.16
2028			300,000				2.37				—				—
2029			500,000				2.16				—				—
		$	800,000				2.24			$	800,000				2.24

Details of Repurchase Agreements

The following table provides the contractual maturity and weighted average interest rate of repurchase agreements, and the amortized cost and fair value of the securities collateralizing the repurchase agreements, at December 31, 2020:

										Mortgage-Related and Other Securities								GSE Debentures and U.S. Treasury Obligations
(dollars in thousands) Period of Maturity		Amount				Weighted Average Interest Rate				Amortized Cost				Fair Value				Amortized Cost				Fair Value
Greater than 90 days		$	800,000				2.24	%		$	286,198			$	304,261			$	571,182			$	573,344

Junior Subordinated Debentures Outstanding

The following junior subordinated debentures were outstanding at March 31, 2021:

Issuer		Interest Rate of Capital Securities and Debentures				Junior Subordinated Debentures Amount Outstanding				Capital Securities Amount Outstanding				Date of Original Issue				Stated Maturity				First Optional Redemption Date
		(dollars in thousands)
New York Community Capital Trust V (BONUSESSM Units)			6.00	%		$	146,436			$	140,085				Nov. 4, 2002				Nov. 1, 2051				Nov. 4, 2007	(1)
New York Community Capital Trust X			1.78				123,712				120,000				Dec. 14, 2006				Dec. 15, 2036				Dec. 15, 2011	(2)
PennFed Capital Trust III			3.43				30,928				30,000				June 2, 2003				June 15, 2033				June 15, 2008	(2)
New York Community Capital Trust XI			1.85				59,286				57,500				April 16, 2007				June 30, 2037				June 30, 2012	(2)
Total junior subordinated debentures						$	360,362			$	347,585

(1) Callable subject to certain conditions as described in the prospectus filed with the SEC on November 4, 2002.

(2) Callable from this date forward.

The following junior subordinated debentures were outstanding at December 31, 2020:

Issuer		Interest Rate of Capital Securities and Debentures				Junior Subordinated Debentures Amount Outstanding				Capital Securities Amount Outstanding				Date of Original Issue				Stated Maturity				First Optional Redemption Date
		(dollars in thousands)
New York Community Capital Trust V (BONUSESSM Units)			6.00	%		$	146,333			$	139,982				Nov. 4, 2002				Nov. 1, 2051				Nov. 4, 2007(1)
New York Community Capital Trust X			1.82				123,712				120,000				Dec. 14, 2006				Dec. 15, 2036				Dec. 15, 2011(2)
PennFed Capital Trust III			3.47				30,928				30,000				June 2, 2003				June 15, 2033				June 15, 2008(2)
New York Community Capital Trust XI			1.89				59,286				57,500				April 16, 2007				June 30, 2037				June 30, 2012(2)
Total junior subordinated debentures						$	360,259			$	347,482

(1) Callable subject to certain conditions as described in the prospectus filed with the SEC on November 4, 2002.

(2) Callable from this date forward.

Subordinated Debt

Junior Subordinated Debentures Outstanding

At March 31, 2021 and December 31, 2020, the Company had $295.8 million and $295.6 million, respectively, of fixed-to-floating rate subordinated notes outstanding:

Date of Original Issue

Stated Maturity

Interest Rate(1)

Original Issue Amount

(dollars in thousands)

Nov. 6, 2018

Nov. 6, 2028

5.90

%

$

300,000

(1) From and including the date of original issuance to, but excluding November 6, 2023, the Notes will bear interest at an initial rate of 5.90% per annum payable semi-annually. Unless redeemed, from and including November 6, 2023 to but excluding the maturity date, the interest rate will reset quarterly to an annual interest rate equal to the then-current three-month LIBOR rate plus 278 basis points payable quarterly.

At December 31, 2020 and 2019, the Company had $295.6 million and $295.1 million, respectively, of fixed-to-floating rate subordinated notes outstanding:

Date of Original Issue		Stated Maturity		Interest Rate(1)				Original Issue Amount
		(dollars in thousands)
Nov. 6, 2018		Nov. 6, 2028			5.90	%		$	300,000

(1) From and including the date of original issuance to, but excluding November 6, 2023, the Notes will bear interest at an initial rate of 5.90% per annum payable semi-annually. Unless redeemed, from and including November 6, 2023 to but excluding the maturity date, the interest rate will reset quarterly to an annual interest rate equal to the then-current three-month LIBOR rate plus 278 basis point payable quarterly.

X

- Definition

Federal home loan bank advances by contractual maturities.

+ References

No definition available.

+ Details

Name:	nycb_FederalHomeLoanBankAdvancesByContractualMaturitiesTextBlock
Namespace Prefix:	nycb_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Schedule of Repurchase Agreements, by Contractual Maturities.

+ References

No definition available.

+ Details

Name:	nycb_ScheduleOfRepurchaseAgreementsByContractualMaturitiesTextBlock
Namespace Prefix:	nycb_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for repurchase agreements.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(m)(1))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Name:	us-gaap_ScheduleOfRepurchaseAgreements
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of borrowings under subordinated debt agreements that qualify as available in computing net capital under SEC uniform net capital rules for broker-dealers, including restrictive covenants, collateral, interest rates and due dates, amounts due by date and amount owed in total.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6479118&loc=d3e64650-112822

+ Details

Name:	us-gaap_ScheduleOfSubordinatedBorrowingTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the nature and risks of short-term collateralized financing obtained through repurchase agreements, securities lending transactions and repurchase-to-maturity transactions, accounted for as secured borrowings.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 30
-Section 50
-Paragraph 7
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=109249958&loc=SL34722452-111729

+ Details

Name:	us-gaap_TransferOfCertainFinancialAssetsAccountedForAsSecuredBorrowingsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_LongtermDebtTypeAxis=us-gaap_SubordinatedDebtMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: