|
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (USD $)
In Thousands, unless otherwise specified
|
Dec. 31, 2013
|
Dec. 31, 2012
|
| CASH AND CASH EQUIVALENTS: |
|
|
| Cash and due from banks |
$ 41,801 |
$ 54,924 |
| Overnight Investments |
313,882 |
434,984 |
| Total cash and cash equivalents |
355,683 |
489,908 |
| INVESTMENT SECURITIES: |
|
|
| Available-for-sale, at fair value (amortized cost of $1,042,208 and $1,237,876 at December 31, 2013 and 2012, respectively) |
1,034,180 |
1,267,491 |
| Held-to-maturity (estimated fair value of $514,633 and $487,307 at December 31, 2013 and 2012, respectively) |
528,829 |
477,198 |
| Federal Home Loan Bank stock, at cost |
17,417 |
16,384 |
| Total investment securities |
1,580,426 |
1,761,073 |
| LOANS: |
2,341,807 |
2,447,304 |
| Allowance for loan losses |
(55,649) |
(57,649) |
| Net loans |
2,286,158 |
2,389,655 |
| ACCRUED INTEREST RECEIVABLE |
13,999 |
15,381 |
| BANK PREMISES AND EQUIPMENT, Net |
71,753 |
64,224 |
| OTHER ASSETS: |
|
|
| Goodwill |
121,973 |
121,973 |
| Bank owned life insurance |
41,414 |
40,569 |
| Other intangibles |
8,007 |
9,879 |
| Other assets |
104,000 |
113,742 |
| Total other assets |
275,394 |
286,163 |
| TOTAL ASSETS |
4,583,413 |
5,006,404 |
| Deposits: |
|
|
| Non-interest bearing deposits |
291,109 |
328,892 |
| Interest-bearing deposits |
3,368,907 |
3,598,621 |
| Total deposits |
3,660,016 |
3,927,513 |
| Borrowed funds |
250,370 |
250,352 |
| Other liabilities |
57,881 |
194,666 |
| Total liabilities |
3,968,267 |
4,372,531 |
| COMMITMENTS AND CONTINGENCIES (Note 20) |
|
|
| STOCKHOLDERS' EQUITY: |
|
|
| Preferred Stock - $.01 par value; 100,000,000 shares authorized, None issued or outstanding as of December 31, 2013 and December 31, 2012 |
|
|
| Common Stock - $.01 par value 300,000,000 shares authorized, 82,298,707 and 82,279,507 issued and 77,123,026 and 79,297,478 outstanding, as of December 31, 2013 and 2012, respectively |
823 |
823 |
| Additional paid-in capital |
356,963 |
354,082 |
| Unearned common stock held by employee savings and stock ownership plan |
(16,102) |
(17,901) |
| Retained earnings (partially restricted) |
342,025 |
329,447 |
| Accumulated other comprehensive loss |
(21,354) |
(7,027) |
| Treasury Stock at cost, 5,175,681 shares and 2,982,029 shares at December 31, 2013 and 2012, respectively |
(47,209) |
(25,551) |
| Total stockholders' equity |
615,146 |
633,873 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY |
$ 4,583,413 |
$ 5,006,404 |