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Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2019 | Dec. 31, 2018
Amortized cost of trading securities | $ 511 | $ 647
Amortized cost of investment securities available-for-sale | 860,911 | 854,511
Fair value of held to maturity securities | 0 | 410,353
Allowance for loan losses | $ 162,642 | $ 164,231
Preferred stock, shares authorized | 10,000,000 | 10,000,000
Common stock, par value | $ 1 | $ 1
Common stock, shares authorized | 100,000,000 | 100,000,000
Common stock, shares issued | 59,885,234 | 59,885,234
Common stock, shares outstanding | 51,330,031 | 51,293,924
Treasury stock, at cost, shares | 8,555,203 | 8,591,310
Tax effect on accumulated other comprehensive income (loss) | $ 750 | $ 1,677
Series A |  |
Preferred stock, shares issued | 1,340,000 | 1,340,000
Preferred stock, shares outstanding | 1,340,000 | 1,340,000
Preferred stock, liquidation value | $ 25 | $ 25
Series B |  |
Preferred stock, shares issued | 1,380,000 | 1,380,000
Preferred stock, shares outstanding | 1,380,000 | 1,380,000
Preferred stock, liquidation value | $ 25 | $ 25
Series D |  |
Preferred stock, shares issued | 960,000 | 960,000
Preferred stock, shares outstanding | 960,000 | 960,000
Preferred stock, liquidation value | $ 25 | $ 25

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- Definition Amount of allowance to cover probable credit losses on loans and leases. Includes carryover of or adjustments to the allowance for loan losses in connection with business combinations. Excludes allowance for loans and leases covered under loss sharing agreements. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.7(d)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Subparagraph (g) -URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953423-111524 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (b)(1)(ii) -URI http://asc.fasb.org/extlink&oid=82894903&loc=d3e15032-111544 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953423-111524 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SAB Topic 6.L.1) -URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74567-122707 + Details
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