NYCB 2017 Annual Report

79 NEW YORK COMMUNITY BANCORP, INC. CONSOLIDATED STATEMENTS OF CONDITION December 31, (in thousands, except share data) 2017 2016 ASSETS: Cash and cash equivalents $ 2,528,169 $ 557,850 Securities: Available for sale ($1,263,227 pledged at December 31, 2017) 3,531,427 104,281 Held-to-maturity ($1,930,533 pledged at December 31, 2016) (fair value of $3,813,959 at December 31, 2016) -- 3,712,776 Total securities 3,531,427 3,817,057 Non-covered loans held for sale 35,258 409,152 Non-covered loans held for investment, net of deferred loan fees and costs 38,387,971 37,382,722 Less: Allowance for losses on non-covered loans (158,046) (158,290) Non-covered loans held for investment, net 38,229,925 37,224,432 Covered loans -- 1,698,133 Less: Allowance for losses on covered loans -- (23,701) Covered loans, net -- 1,674,432 Total loans, net 38,265,183 39,308,016 Federal Home Loan Bank stock, at cost 603,819 590,934 Premises and equipment, net 368,655 373,675 FDIC loss share receivable -- 243,686 Goodwill 2,436,131 2,436,131 Core deposit intangibles -- 208 Mortgage servicing rights ($2,729 and $228,099 measured at fair value at December 31, 2017 and 2016, respectively) 6,100 233,961 Bank-owned life insurance 967,173 949,026 Other real estate owned and other repossessed assets ($16,990 covered by loss sharing agreements at December 31, 2016) 16,400 28,598 Other assets 401,138 387,413 Total assets $49,124,195 $48,926,555 LIABILITIES AND STOCKHOLDERS’ EQUITY: Deposits: Interest-bearing checking and money market accounts $12,936,301 $13,395,080 Savings accounts 5,210,001 5,280,374 Certificates of deposit 8,643,646 7,577,170 Non-interest-bearing accounts 2,312,215 2,635,279 Total deposits 29,102,163 28,887,903 Borrowed funds: Wholesale borrowings: Federal Home Loan Bank advances 12,104,500 11,664,500 Repurchase agreements 450,000 1,500,000 Federal funds purchased -- 150,000 Total wholesale borrowings 12,554,500 13,314,500 Junior subordinated debentures 359,179 358,879 Total borrowed funds 12,913,679 13,673,379 Other liabilities 312,977 241,282 Total liabilities 42,328,819 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; 489,072,101 and 487,067,889 shares issued, and 488,490,352 and 487,056,676 shares outstanding, respectively) 4,891 4,871 Paid-in capital in excess of par 6,072,559 6,047,558 Retained earnings 237,868 128,435 Treasury stock, at cost (581,749 and 11,213 shares, respectively) (7,615) (160) Accumulated other comprehensive loss, net of tax: Net unrealized gain (loss) on securities available for sale, net of tax of $(27,961) and $534, respectively 39,188 (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 $32,121 and $34,355, respectively (49,134) (50,719) Total accumulated other comprehensive loss, net of tax (15,167) (56,713) Total stockholders’ equity 6,795,376 6,123,991 Total liabilities and stockholders’ equity $49,124,195 $48,926,555 See accompanying notes to the consolidated financial statements.