Flagstar Financial (FLG) 10-Q 10 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	May 01, 2019
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Entity Registrant Name	NEW YORK COMMUNITY BANCORP INC
Entity Central Index Key	0000910073
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Trading Symbol	NYCB
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Common Stock, Shares Outstanding		467,348,554

Consolidated Statements of Cond

Consolidated Statements of Condition - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
ASSETS:
Cash and cash equivalents	$ 990,019	$ 1,474,955
Securities:
Debt securities available-for-sale ($1,700,420 and $1,228,702 pledged, respectively)	5,724,644	5,613,520
Equity investments with readily determinable fair values, at fair value	32,128	30,551
Total securities	5,756,772	5,644,071
Loans and leases, net of deferred loan fees and costs	40,526,019	40,165,908
Less: Allowance for loan losses	(156,636)	(159,820)
Total loans and leases, net	40,369,383	40,006,088
Federal Home Loan Bank stock, at cost	588,197	644,590
Premises and equipment, net	332,721	346,179
Operating lease right-of-use assets	312,948
Goodwill	2,426,379	2,436,131
Bank-owned life insurance	982,267	977,627
Other real estate owned and other repossessed assets	12,758	10,794
Other assets	359,602	358,941
Total assets	52,131,046	51,899,376
Deposits:
Interest-bearing checking and money market accounts	11,482,591	11,530,049
Savings accounts	4,760,877	4,643,260
Certificates of deposit	12,767,779	12,194,322
Non-interest-bearing accounts	2,589,878	2,396,799
Total deposits	31,601,125	30,764,430
Wholesale borrowings:
Federal Home Loan Bank advances	11,803,661	13,053,661
Repurchase agreements	800,000	500,000
Total wholesale borrowings	12,603,661	13,553,661
Junior subordinated debentures	359,594	359,508
Subordinated notes	294,655	294,697
Total borrowed funds	13,257,910	14,207,866
Operating lease liabilities	312,628
Other liabilities	330,313	271,845
Total liabilities	45,501,976	45,244,141
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 467,236,136 and 473,536,604 shares outstanding, respectively)	4,904	4,904
Paid-in capital in excess of par	6,092,792	6,099,940
Retained earnings	307,232	297,202
Treasury stock, at cost (23,202,934 and 16,902,466 shares, respectively)	(221,728)	(161,998)
Accumulated other comprehensive loss, net of tax:
Net unrealized (loss) gain on securities available for sale, net of tax of ($7,150) and $4,201, respectively	18,329	(10,534)
Net unrealized loss on the non-credit portion of OTTI losses on securities, net of tax of $2,517 and $2,517, respectively	(6,042)	(6,042)
Net unrealized loss on pension and post-retirement obligations, net of tax of $26,513 and $27,224, respectively	(69,257)	(71,077)
Total accumulated other comprehensive loss, net of tax	(56,970)	(87,653)
Total stockholders' equity	6,629,070	6,655,235
Total liabilities and stockholders' equity	$ 52,131,046	$ 51,899,376

Consolidated Statements of Co_2

Consolidated Statements of Condition (Parenthetical) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Securities Available-for-sale, pledged	$ 1,700,420	$ 1,228,702
Preferred stock, par	$ 0.01	$ 0.01
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, Series A shares issued	515,000	515,000
Preferred stock, Series A shares outstanding	515,000	515,000
Common stock, par	$ 0.01	$ 0.01
Common stock, shares authorized	900,000,000	900,000,000
Common stock, shares issued	490,439,070	490,439,070
Common stock, shares outstanding	467,236,136	473,536,604
Treasury stock, shares	23,202,934	16,902,466
Net unrealized (loss) gain on securities available for sale, tax	$ (7,150)	$ 4,201
Net unrealized loss on the non-credit portion of other-than-temporary impairment losses on securities, tax	2,517	2,517
Net unrealized loss on pension and post-retirement obligations, tax	$ 26,513	$ 27,224

Consolidated Statements of Inco

Consolidated Statements of Income and Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Interest Income:
Mortgage and other loans	$ 379,790	$ 355,917
Securities and money market investments	66,384	48,408
Total interest income	446,174	404,325
Interest Expense:
Interest-bearing checking and money market accounts	50,159	34,369
Savings accounts	8,083	7,221
Certificates of deposit	67,775	30,515
Borrowed funds	78,832	61,922
Total interest expense	204,849	134,027
Net interest income	241,325	270,298
(Recovery of) provision for losses on loans	(1,222)	9,571
Net interest income after (recovery of) provision for loan losses	242,547	260,727
Non-Interest Income:
Fee income	7,228	7,327
Bank-owned life insurance	6,975	6,804
Net gain (loss) on securities	6,987	(466)
Other	3,595	9,192
Total non-interest income	24,785	22,857
Operating expenses:
Compensation and benefits	81,440	83,975
Occupancy and equipment	22,962	24,884
General and administrative	34,365	30,248
Total non-interest expense	138,767	139,107
Income before income taxes	128,565	144,477
Income tax expense	30,988	37,925
Net income	97,577	106,552
Preferred stock dividends	8,207	8,207
Net income available to common shareholders	$ 89,370	$ 98,345
Basic earnings per common share	$ 0.19	$ 0.20
Diluted earnings per common share	$ 0.19	$ 0.20
Net income	$ 97,577	$ 106,552
Other comprehensive income (loss), net of tax:
Change in net unrealized gain (loss) on securities available for sale, net of tax of $(12,868) and $24,607, respectively	32,755	(31,138)
Change in the non-credit portion of OTTI losses recognized in other comprehensive income (loss), net of tax of $0 and $(821), respectively		(821)
Change in pension and post-retirement obligations, net of tax of $(711) and $10,517, respectively	1,820	(8,656)
Less: Reclassification adjustment for sales of available-for-sale securities, net of tax of $1,517.	(3,892)
Total other comprehensive income (loss), net of tax	30,683	(40,615)
Total comprehensive income, net of tax	$ 128,260	$ 65,937

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Change in net unrealized gain (loss) on securities available for sale, tax	$ (12,868)	$ 24,607
Change in the non-credit portion of OTTI losses recognized in other comprehensive income (loss), tax	0	(821)
Change in pension and post-retirement obligations, tax	(711)	$ 10,517
Reclassification adjustment for sales of available-for-sale securities, tax	$ 1,517

Consolidated Statement of Chang

Consolidated Statement of Changes in Stockholders' Equity - USD ($) $ in Thousands	Total	PREFERRED STOCK (Par Value: $0.01):	COMMON STOCK (Par Value: $0.01):	PAID-IN CAPITAL IN EXCESS OF PAR:	RETAINED EARNINGS:	TREASURY STOCK, AT COST:	ACCUMULATED OTHER COMPREHENSIVE LOSS, NET OF TAX:
Balance at beginning of year at Dec. 31, 2017		$ 502,840	$ 4,891	$ 6,072,559	$ 237,868	$ (7,615)	$ (15,167)
Net income (loss)	$ 106,552				106,552
Purchase of common stock (7,816,228 and 126,483, respectively)						(1,715)
Other comprehensive income (loss), net of tax	(40,615)						(38,069)
Shares issued for restricted stock awards			13	(8,566)		8,553
Dividends paid on common stock ($0.17 per share)					(83,242)
Compensation expense related to restricted stock awards				9,762
Dividends paid on preferred stock ($15.94 per share)	(8,207)				(8,207)
Effect of adopting | ASU No. 2016-01					260
Effect of adopting | ASU No. 2018-02					2,546		(2,546)
Balance at end of year at Mar. 31, 2018	6,780,717	502,840	4,904	6,073,755	255,777	(777)	(55,782)
Balance at beginning of year at Dec. 31, 2018	6,655,235	502,840	4,904	6,099,940	297,202	(161,998)	(87,653)
Net income (loss)	97,577				97,577
Purchase of common stock (7,816,228 and 126,483, respectively)						(74,788)
Other comprehensive income (loss), net of tax	30,683						30,683
Shares issued for restricted stock awards				(15,058)		15,058
Dividends paid on common stock ($0.17 per share)					(79,340)
Compensation expense related to restricted stock awards				7,910
Dividends paid on preferred stock ($15.94 per share)	(8,207)				(8,207)
Balance at end of year at Mar. 31, 2019	$ 6,629,070	$ 502,840	$ 4,904	$ 6,092,792	$ 307,232	$ (221,728)	$ (56,970)

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
COMMON STOCK (Par Value: $0.01):
Shares issued for restricted stock awards, shares	1,366,969
RETAINED EARNINGS:
Dividends paid on common stock, per share	$ 0.17
Dividends paid on preferred stock, per share	$ 15.94
TREASURY STOCK:
Purchase of common stock, shares	7,816,228	126,483
Shares issued for restricted stock awards, shares	1,515,760	648,694

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018
Cash Flows from Operating Activities:
Net income		$ 97,577	$ 106,552
Adjustments to reconcile net income to net cash provided by operating activities:
(Recovery of) provision for loan losses		(1,222)	9,571
Depreciation		6,950	8,382
Amortization of discounts and premiums, net		1,195	(2,044)
Net gain on sales of securities		(5,409)
Gain on trading securities activity		(35)	(172)
Net loss (gain) on sales of loans		10	(37)
Stock-based compensation		7,910	9,762
Deferred tax expense		2,811	3,175
Changes in operating assets and liabilities:
Increase in other assets	[1]	15,797	18,868
Increase (decrease) in other liabilities	[2]	32,818	(5,960)
Purchases of securities held for trading		(22,500)	(110,000)
Proceeds from sales of securities held for trading		22,535	110,172
Net cash provided by operating activities		158,437	148,269
Cash Flows from Investing Activities:
Proceeds from repayment of securities available for sale		316,103	346,614
Proceeds from sales of securities available for sale		272,849	0
Purchase of securities available for sale		(655,425)	(292,927)
Redemption of Federal Home Loan Bank stock		58,643	12,330
Purchases of Federal Home Loan Bank stock		(2,250)	(31,500)
Proceeds from bank-owned life insurance		2,664	7,785
Proceeds from sales of loans		29,326	31,528
Other changes in loans, net		(391,409)	(535,564)
Dispositions (purchase) of premises and equipment, net		1,946	(4,039)
Net cash used in investing activities		(367,553)	(465,773)
Cash Flows from Financing Activities:
Net increase in deposits		836,695	133,271
Proceeds from long-term borrowed funds		749,820	1,950,000
Repayments of long-term borrowed funds		(1,700,000)	(1,520,000)
Cash dividends paid on common stock		(79,340)	(83,242)
Cash dividends paid on preferred stock		(8,207)	(8,207)
Treasury stock repurchased		(67,125)
Payments relating to treasury shares received for restricted stock award tax payments		(7,663)	(1,715)
Net cash (used in) provided by financing activities		(275,820)	470,107
Net decrease in cash, cash equivalents, and restricted cash		(484,936)	152,603
Cash, cash equivalents, and restricted cash at beginning of period		1,474,955	2,528,169
Cash, cash equivalents, and restricted cash at end of period		990,019	2,680,772
Supplemental information:
Cash paid for interest		187,890	131,160
Cash paid for income taxes		5,908	5,236
Non-cash investing and financing activities:
Transfers to repossessed assets from loans		2,840	800
Operating lease liabilities arising from obtaining right-of-use assets		324,360
Transfer of loans from held for investment to held for sale		29,336	31,491
Dispositions of premises and equipment		1,245
Shares issued for restricted stock awards		$ 15,058	$ 8,566
[1]	Includes $11.7 million of amortization of operating lease right-of-use assets for the three months ended March 31, 2019.
[2]	Includes $11.7 million of amortization of operating lease liability for the three months ended March 31, 2019.

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parenthetical)	3 Months Ended
	Mar. 31, 2019USD ($)
Statement of Cash Flows [Abstract]
Amortization of operating lease right-of-use assets	$ 11,700
Amortization of operating lease liability	$ 11,700

Organization and Basis of Prese

Organization and Basis of Presentation	3 Months Ended
	Mar. 31, 2019
Organization and Basis of Presentation	Note 1. Organization and Basis of Presentation Organization New York Community Bancorp, Inc. (on a stand-alone basis, the “Parent Company” or, collectively with its subsidiaries, the “Company”) was organized under Delaware law on July 20, 1993 and is the holding company for New York Community Bank (hereinafter referred to as the “Bank”). Founded on April 14, 1859 and formerly known as Queens County Savings Bank, the Bank converted from a state-chartered mutual savings bank to the capital stock form of ownership on November 23, 1993, at which date the Company completed its initial offering of common stock (par value: $0.01 per share) at a price of $25.00 per share ($ 0.93 The Company currently operates 240 Basis of Presentation The following is a description of the significant accounting and reporting policies that the Company and its subsidiaries follow in preparing and presenting their consolidated financial statements, which conform to U.S. generally accepted accounting principles (“GAAP”) and to general practices within the banking industry. The preparation of financial statements in conformity with GAAP requires the Company to make estimates and judgments that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Estimates that are particularly susceptible to change in the near term are used in connection with the determination of the allowance for loan losses; the evaluation of goodwill for impairment; and the evaluation of the need for a valuation allowance on the Company’s deferred tax assets. The accompanying consolidated financial statements include the accounts of the Company and other entities in which the Company has a controlling financial interest. All inter-company accounts and transactions are eliminated in consolidation. The Company currently has certain unconsolidated subsidiaries in the form of wholly-owned statutory business trusts, which were formed to issue guaranteed capital securities. See Note 7, Borrowed Funds, for additional information regarding these trusts.

Computation of Earnings per Com

Computation of Earnings per Common Share	3 Months Ended
	Mar. 31, 2019
Disclosure Text Block [Abstract]
Computation of Earnings per Common Share	Note 2. Computation of Earnings per Common Share Basic earnings per common share (“EPS”) is computed by dividing the net income available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted EPS is computed using the same method as basic EPS, however, the computation reflects the potential dilution that would occur if outstanding in-the-money stock options were exercised and converted into common stock. Unvested stock-based compensation awards containing non-forfeitable rights to dividends paid on the Company’s common stock are considered participating securities, and therefore are included in the two-class method for calculating EPS. Under the two-class method, all earnings (distributed and undistributed) are allocated to common shares and participating securities based on their respective rights to receive dividends on the common stock. The Company grants restricted stock to certain employees under its stock-based compensation plan. Recipients receive cash dividends during the vesting periods of these awards, including on the unvested portion of such awards. Since these dividends are non-forfeitable, the unvested awards are considered participating securities and therefore have earnings allocated to them. The following table presents the Company’s computation of basic and diluted EPS for the periods indicated: Three Months Ended March 31, (in thousands, except share and per share amounts) 2019 2018 Net income available to common shareholders $ 89,370 $ 98,345 Less: Dividends paid on and earnings allocated to participating securities (1,119 ) (900 ) Earnings applicable to common stock $ 88,251 $ 97,445 Weighted average common shares outstanding 465,493,702 488,140,102 Basic earnings per common share $ 0.19 $ 0.20 Earnings applicable to common stock $ 88,251 $ 97,445 Weighted average common shares outstanding 465,493,702 488,140,102 Potential dilutive common shares — — Total shares for diluted earnings per common share computation 465,493,702 488,140,102 Diluted earnings per common share and common share equivalents $ 0.19 $ 0.20

Reclassifications Out of Accumu

Reclassifications Out of Accumulated Other Comprehensive Loss	3 Months Ended
	Mar. 31, 2019
Reclassifications Out of Accumulated Other Comprehensive Loss	Note 3. Reclassifications Out of Accumulated Other Comprehensive Loss (in thousands) For the Three Months Ended March 31, 2019 Details about Accumulated Other Comprehensive Loss Amount Reclassified out of Accumulated Other Comprehensive Loss (1) Affected Line Item in the Consolidated Statements of Operations and Comprehensive Income Unrealized losses on available-for-sale securities $ 5,409 Net (loss) gain on securities (1,517 ) Income tax benefit $ 3,892 Net (loss) gain on securities, net of tax Amortization of defined benefit pension plan items: Past service liability $ 62 Included in the computation of net periodic credit (2) Actuarial losses (2,540 ) Included in the computation of net periodic credit (2) (2,478 ) Total before tax 695 Income tax benefit $ (1,783 ) Amortization of defined benefit pension plan items, net of tax Total reclassifications for the period $ 2,109 (1) Amounts in parentheses indicate expense items. (2) See Note 8, “Pension and Other Post-Retirement Benefits,” for additional information.

Securities

Securities	3 Months Ended
	Mar. 31, 2019
Securities	Note 4. Securities The following tables summarize the Company’s portfolio of debt securities available for sale and equity investments with readily determinable fair values at March 31, 2019 and December 31, 2018: March 31, 2019 (in thousands) Amortized Cost Gross Unrealized Gain Gross Unrealized Loss Fair Value Debt securities available-for-sale Mortgage-Related Debt Securities: GSE certificates $ 1,380,756 $ 21,538 $ 6,663 $ 1,395,631 GSE CMOs 1,447,677 11,479 4,027 1,455,129 Total mortgage-related debt securities $ 2,828,433 $ 33,017 $ 10,690 $ 2,850,760 Other Debt Securities: U. S. Treasury obligations $ 29,659 $ 3 $ — $ 29,662 GSE debentures 1,478,777 5,211 1,615 1,482,373 Asset-backed securities (1) 386,085 346 1,757 384,674 Municipal bonds 68,277 423 1,502 67,198 Corporate bonds 859,644 9,292 8,881 860,055 Capital trust notes 48,291 6,614 4,983 49,922 Total other debt securities $ 2,870,733 $ 21,889 $ 18,738 $ 2,873,884 Total other securities available for sale (2) $ 5,699,166 $ 54,906 $ 29,428 $ 5,724,644 Equity securities: Preferred stock 15,292 — 145 15,147 Mutual funds and common stock (3) 16,870 481 370 16,981 Total equity securities $ 32,162 $ 481 $ 515 $ 32,128 Total securities $ 5,731,328 $ 55,387 $ 29,943 $ 5,756,772 (1) The underlying assets of the asset-backed securities are substantially guaranteed by the U.S. Government. (2) The amortized cost includes the non-credit portion of OTTI recorded in AOCL. At March 31, 2019, the non-credit portion of OTTI recorded in AOCL was $ 8.6 (3) Primarily consists of mutual funds that are CRA-qualified investments. December 31, 2018 (in thousands) Amortized Cost Gross Unrealized Gain Gross Unrealized Loss Fair Value Debt securities available-for-sale Mortgage-Related Debt Securities: GSE certificates $ 1,705,336 $ 18,146 $ 15,961 $ 1,707,521 GSE CMOs 1,248,621 8,380 4,240 1,252,761 Total mortgage-related debt securities $ 2,953,957 $ 26,526 $ 20,201 $ 2,960,282 Other Debt Securities: GSE debentures $ 1,334,549 $ 3,366 $ 8,988 $ 1,328,927 Asset-backed securities (1) 386,768 784 430 387,122 Municipal bonds 68,551 195 2,563 66,183 Corporate bonds 836,153 8,667 23,105 821,715 Capital trust notes 48,278 6,435 5,422 49,291 Total other debt securities $ 2,674,299 $ 19,447 $ 40,508 $ 2,653,238 Total other securities available for sale (2) $ 5,628,256 $ 45,973 $ 60,709 $ 5,613,520 Equity securities: Preferred stock 15,292 — 1,446 13,846 Mutual funds and common stock (3) 16,870 366 531 16,705 Total equity securities $ 32,162 $ 366 $ 1,977 $ 30,551 Total securities $ 5,660,418 $ 46,339 $ 62,686 $ 5,644,071 (1) The underlying assets of the asset-backed securities are substantially guaranteed by the U.S. Government. (2) The amortized cost includes the non-credit portion of OTTI recorded in AOCL. At December 31, 2018, the non-credit portion of OTTI recorded in AOCL was $ 8.6 (3) Primarily consists of mutual funds that are CRA-qualified investments. At March 31, 2019 and December 31, 2018, respectively, the Company had $ 588.2 644.6 The following table summarizes the gross proceeds and gross realized gains from the sale of securities during the three months ended March 31, 2019 and 2018: For the Three Months Ended March 31, (in thousands) 2019 2018 Gross proceeds $ 272,849 — Gross realized gains 5,409 — In the following table, the beginning balance represents the credit loss component for debt securities on which OTTI occurred prior to January 1, 2019. For credit-impaired debt securities, OTTI recognized in earnings after that date is presented as an addition in two components, based upon whether the current period is the first time a debt security was credit-impaired (initial credit impairment) or is not the first time a debt security was credit-impaired (subsequent credit impairment). (in thousands) For the Three Months Ended March 31, 2019 Beginning credit loss amount as of December 31, 2018 $ 196,187 Add: Initial other-than-temporary credit losses — Subsequent other-than-temporary credit losses — Amount previously recognized in AOCL — Less: Realized losses for securities sold — Securities intended or required to be sold — Increase in cash flows on debt securities 19 Ending credit loss amount as of March 31, 2019 $ 196,168 The following table summarizes, by contractual maturity, the amortized cost of securities at March 31, 2019: Mortgage- Related Securities Average Yield U.S. Government and GSE Obligations Average Yield State, County, and Municipal Average Yield (1) Other Debt Securities (2) Average Yield Fair Value (dollars in thousands) Available-for-Sale Debt Securities: Due within one year $ — — % $ 29,659 2.45 % $ 149 6.59 % $ — — % $ 29,815 Due from one to five years 797,756 3.33 32,874 3.48 146 6.66 92,939 3.79 941,396 Due from five to ten years 325,241 3.46 1,232,053 3.44 10,974 3.79 767,143 4.42 2,345,797 Due after ten years 1,705,436 3.23 213,850 3.57 57,008 2.71 433,938 3.39 2,407,636 Total debt securities available for sale $ 2,828,433 3.28 % $ 1,508,436 3.44 % $ 68,277 2.90 % $ 1,294,020 4.03 % $ 5,724,644 (1) Not presented on a tax-equivalent basis. (2) Includes corporate bonds, capital trust notes, and asset-backed securities. The following table presents securities having a continuous unrealized loss position for less than twelve months and for twelve months or longer as of March 31, 2019: Less than Twelve Months Twelve Months or Longer Total (in thousands) Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Temporarily Impaired Securities: U. S. Government agency and GSE obligations $ 218,933 $ 1,171 $ 127,748 $ 444 $ 346,681 $ 1,615 GSE certificates — — 440,027 6,663 440,027 6,663 GSE CMOs 428,352 1,894 146,100 2,133 574,452 4,027 Asset-backed securities 237,208 1,757 — — 237,208 1,757 Municipal bonds — — 49,612 1,502 49,612 1,502 Corporate bonds 701,445 8,881 — — 701,445 8,881 Capital trust notes — — 38,811 4,983 38,811 4,983 Equity securities 15,147 145 11,435 370 26,582 515 Total temporarily impaired securities $ 1,601,085 $ 13,848 $ 813,733 $ 16,095 $ 2,414,818 $ 29,943 The following table presents securities having a continuous unrealized loss position for less than twelve months and for twelve months or longer as of December 31, 2018: Less than Twelve Months Twelve Months or Longer Total (in thousands) Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Temporarily Impaired Securities: U. S. Government agency and GSE obligations $ 276,113 $ 2,629 $ 329,372 $ 6,359 $ 605,485 $ 8,988 GSE certificates 576,970 10,598 232,969 5,363 809,939 15,961 GSE CMOs 465,779 1,892 99,050 2,348 564,829 4,240 Asset-backed securities 69,166 430 — — 69,166 430 Municipal bonds 5,876 21 48,837 2,542 54,713 2,563 Corporate bonds 642,843 23,105 — — 642,843 23,105 Capital trust notes — — 38,360 5,422 38,360 5,422 Equity securities 17,836 1,464 11,293 513 29,129 1,977 Total temporarily impaired securities $ 2,054,583 $ 40,139 $ 759,881 $ 22,547 $ 2,814,464 $ 62,686 An OTTI loss on impaired debt securities must be fully recognized in earnings if an investor has the intent to sell the debt security, or if it is more likely than not that the investor will be required to sell the debt security before recovery of its amortized cost. However, even if an investor does not expect to sell a debt security, it must evaluate the expected cash flows to be received and determine if a credit loss has occurred. In the event that a credit loss occurs, only the amount of impairment associated with the credit loss is recognized in earnings. Amounts of impairment relating to factors other than credit losses are recorded in AOCL. At March 31, 2019, the Company had unrealized losses on certain available for sale GSE obligations, municipal bonds, corporate bonds, asset-backed securities, capital trust notes, and equity investments with readily determinable fair values. The unrealized losses on the Company’s GSE obligations, municipal bonds, corporate bonds, asset-backed securities and capital trust notes at March 31, 2019 were primarily caused by movements in market interest rates and spread volatility, rather than credit risk. These securities are not expected to be settled at a price that is less than the amortized cost of the Company’s investment. The Company reviews quarterly financial information related to its investments in capital trust notes, as well as other information that is released by each of the issuers of such notes, to determine their continued creditworthiness. The Company continues to monitor these investments and currently estimates that the present value of expected cash flows is not less than the amortized cost of the securities. It is possible that these securities will perform worse than is currently expected, which could lead to adverse changes in cash flows from these securities and potential OTTI losses in the future. Future events that could trigger material unrecoverable declines in the fair values of the Company’s investments, and thus result in potential OTTI losses, include, but are not limited to, government intervention; deteriorating asset quality and credit metrics; significantly higher levels of default and loan loss provisions; losses in value on the underlying collateral; net operating losses; and illiquidity in the financial markets. The unrealized losses on the Company’s equity investments with readily determinable fair values at March 31, 2019 were caused by market volatility. Equity investments with readily determinable fair values are measured at fair value with changes in fair value recognized in net income, thus eliminating eligibility for the available-for-sale category. Events that could trigger a material decline in the fair value of these securities include, but are not limited to, deterioration in the equity markets; a decline in the quality of the loan portfolio of the issuer in which the Company has invested; and the recording of higher loan loss provisions and net operating losses by such issuer. The investment securities designated as having a continuous loss position for twelve months or more at March 31, 2019 consisted of twelve At March 31, 2019, the fair value of securities having a continuous loss position for twelve months or more was 1.9% below the collective amortized cost of $829.8 million. At December 31, 2018, the fair value of such securities was 2.9% below the collective amortized cost of $782.4 million. At March 31, 2019 and December 31, 2018, the combined market value of the respective securities represented unrealized losses of $16.1 million and $22.5 million, respectively.

Loans and Leases

Loans and Leases	3 Months Ended
	Mar. 31, 2019
Loans and Leases	Note 5. Loans and Leases The following table sets forth the composition of the loan and lease portfolio at the dates indicated: March 31, 2019 December 31, 2018 (dollars in thousands) Amount Percent of Loans Held for Investment Amount Percent of Loans Held for Investment Loans and Leases Held for Investment: Mortgage Loans: Multi-family $ 29,932,829 73.92 % $ 29,883,919 74.46 % Commercial real estate 7,079,241 17.49 6,998,834 17.44 One-to-four family 435,686 1.08 446,094 1.11 Acquisition, development, and construction 326,634 0.81 407,870 1.02 Total mortgage loans held for investment 37,774,390 93.30 $ 37,736,717 94.03 Other Loans: Commercial and industrial 1,764,169 4.36 1,705,308 4.25 Lease financing, net of unearned income of $ 74,451 53,891 (1) 940,895 2.32 683,112 1.70 Total commercial and industrial loans (2) 2,705,064 6.68 2,388,420 5.95 Other 7,976 0.02 8,724 0.02 Total other loans held for investment 2,713,040 6.70 2,397,144 5.97 Total loans and leases held for investment $ 40,487,430 100.00 % $ 40,133,861 100.00 % Net deferred loan origination costs 38,589 32,047 Allowance for losses (156,636 ) (159,820 ) Total loans and leases, net $ 40,369,383 $ 40,006,088 (1) The payments on these leases are generally received ratably over future years. Approximately 41 (2) Includes specialty finance loans and leases of $ 2.2 1.9 477.5 469.9 Loans and Leases Loans and Leases Held for Investment The majority of the loans the Company originates for investment are multi-family loans, most of which are collateralized by non-luxury apartment buildings in New York City with rent-regulated units and below-market rents. In addition, the Company originates CRE loans, most of which are collateralized by income-producing properties such as office buildings, retail centers, mixed-use buildings, and multi-tenanted light industrial properties that are located in New York City and on Long Island. To a lesser extent, the Company also originates ADC loans for investment. One-to-four family loans held for investment were originated through the Company’s former mortgage banking operation and primarily consisted of jumbo prime adjustable rate mortgages made to borrowers with a solid credit history. ADC loans are primarily originated for multi-family and residential tract projects in New York City and on Long Island. C&I loans consist of asset-based loans, equipment loans and leases, and dealer floor-plan loans (together, specialty finance loans and leases) that generally are made to large corporate obligors, many of which are publicly traded, carry investment grade or near-investment grade ratings, and participate in stable industries nationwide; and other C&I loans that primarily are made to small and mid-size businesses in Metro New York. Other C&I loans are typically made for working capital, business expansion, and the purchase of machinery and equipment. The repayment of multi-family and CRE loans generally depends on the income produced by the underlying properties which, in turn, depends on their successful operation and management. To mitigate the potential for credit losses, the Company underwrites its loans in accordance with credit standards it considers to be prudent, looking first at the consistency of the cash flows being produced by the underlying property. In addition, multi-family buildings, CRE properties, and ADC projects are inspected as a prerequisite to approval, and independent appraisers, whose appraisals are carefully reviewed by the Company’s in-house appraisers, perform appraisals on the collateral properties. In many cases, a second independent appraisal review is performed. To further manage its credit risk, the Company’s lending policies limit the amount of credit granted to any one borrower and typically require conservative debt service coverage ratios and loan-to-value ratios. Nonetheless, the ability of the Company’s borrowers to repay these loans may be impacted by adverse conditions in the local real estate market and the local economy. Accordingly, there can be no assurance that its underwriting policies will protect the Company from credit-related losses or delinquencies. ADC loans typically involve a higher degree of credit risk than loans secured by improved or owner-occupied real estate. Accordingly, borrowers are required to provide a guarantee of repayment and completion, and loan proceeds are disbursed as construction progresses, as certified by in-house inspectors or third-party engineers. The Company seeks to minimize the credit risk on ADC loans by maintaining conservative lending policies and rigorous underwriting standards. However, if the estimate of value proves to be inaccurate, the cost of completion is greater than expected, or the length of time to complete and/or sell or lease the collateral property is greater than anticipated, the property could have a value upon completion that is insufficient to assure full repayment of the loan. This could have a material adverse effect on the quality of the ADC loan portfolio, and could result in losses or delinquencies. In addition, the Company utilizes the same stringent appraisal process for ADC loans as it does for its multi-family and CRE loans. To minimize the risk involved in specialty finance lending and leasing, the Company participates in syndicated loans that are brought to it, and equipment loans and leases that are assigned to it, by a select group of nationally recognized sources who have had long-term relationships with its experienced lending officers. Each of these credits is secured with a perfected first security interest or outright ownership in the underlying collateral, and structured as senior debt or as a non-cancelable lease. To further minimize the risk involved in specialty finance lending and leasing, each transaction is re-underwritten. In addition, outside counsel is retained to conduct a further review of the underlying documentation. To minimize the risks involved in other C&I lending, the Company underwrites such loans on the basis of the cash flows produced by the business; requires that such loans be collateralized by various business assets, including inventory, equipment, and accounts receivable, among others; and typically requires personal guarantees. However, the capacity of a borrower to repay such a C&I loan is substantially dependent on the degree to which the business is successful. In addition, the collateral underlying such loans may depreciate over time, may not be conducive to appraisal, or may fluctuate in value, based upon the results of operations of the business. Included in loans held for investment at March 31, 2019 were loans of $35.0 million to officers, direc tors, and their related interests and parties. There were no loans to principal shareholders at that date. Lease Financing The Company is a lessor in the equipment finance business where it has executed direct financing leases. The Company uses the interest rate implicit in the lease to determine the present value of its lease financing receivables. The Company recognized $7.3 million of interest income on its leases during the three months ended March 31, 2019. On all of its lease financings, the Company obtains residual value insurance from third parties and/or the lessee to manage the risk associated with the residual value of the leased assets. Asset Quality The following table presents information regarding the quality of the Company’s loans held for investment at March 31, 2019: (in thousands) Loans 30-89 Days Past Due Non- Accrual Loans Loans 90 Days or More Delinquent and Still Accruing Interest Total Past Due Loans Current Loans Total Loans Receivable Multi-family $ 2,359 $ 4,070 $ — $ 6,429 $ 29,926,400 $ 29,932,829 Commercial real estate 3,278 3,007 — 6,285 7,072,956 7,079,241 One-to-four family 9 1,637 — 1,646 434,040 435,686 Acquisition, development, and construction 6,608 — — 6,608 320,026 326,634 Commercial and industrial (1) (2) 231 49,851 — 50,082 2,654,982 2,705,064 Other 45 9 — 54 7,922 7,976 Total $ 12,530 $ 58,574 $ — $ 71,104 $ 40,416,326 $ 40,487,430 (1) Includes $ 33.8 (2) Includes lease financing receivables, all of which were current. The following table presents information regarding the quality of the Company’s loans held for investment at December 31, 2018: (in thousands) Loans 30-89 Days Past Due Non- Accrual Loans Loans 90 Days or More Delinquent and Still Accruing Interest Total Past Due Loans Current Loans Total Loans Receivable Multi-family $ — $ 4,220 $ — $ 4,220 $ 29,879,699 $ 29,883,919 Commercial real estate — 3,021 — 3,021 6,995,813 6,998,834 One-to-four family 9 1,651 — 1,660 444,434 446,094 Acquisition, development, and construction — — — — 407,870 407,870 Commercial and industrial (1) (2) 530 36,608 — 37,138 2,351,282 2,388,420 Other 25 6 — 31 8,693 8,724 Total $ 564 $ 45,506 $ — $ 46,070 $ 40,087,791 $ 40,133,861 (1) Includes $ 530,000 35.5 (2) Includes lease financing receivables, all of which were current. The following table summarizes the Company’s portfolio of loans held for investment by credit quality indicator at March 31, 2019: Mortgage Loans Other Loans (in thousands) Multi- Family Commercial Real Estate One-to- Four Family Acquisition, Development, and Construction Total Mortgage Loans Commercial and Industrial (1) Other Total Other Loans Credit Quality Indicator: Pass $ 29,671,752 $ 6,944,249 $ 432,380 $ 276,666 $ 37,325,047 $ 2,628,058 $ 7,717 $ 2,635,775 Special mention 232,295 63,529 1,669 36,825 334,318 3,722 — 3,722 Substandard 28,782 71,463 1,637 13,143 115,025 73,284 259 73,543 Doubtful — — — — — — — — Total $ 29,932,829 $ 7,079,241 $ 435,686 $ 326,634 $ 37,774,390 $ 2,705,064 $ 7,976 $ 2,713,040 (1) Includes lease financing receivables, all of which were classified as Pass. The following table summarizes the Company’s portfolio of loans held for investment by credit quality indicator at December 31, 2018: Mortgage Loans Other Loans (in thousands) Multi- Family Commercial Real Estate One-to- Four Family Acquisition, Development, and Construction Total Mortgage Loans Commercial and Industrial (1) Other Total Other Loans Credit Quality Indicator: Pass $ 29,548,242 $ 6,880,105 $ 444,443 $ 319,001 $ 37,191,791 $ 2,306,563 $ 8,469 $ 2,315,032 Special mention 312,025 90,653 — 73,964 476,642 19,751 — 19,751 Substandard 23,652 28,076 1,651 14,905 68,284 62,106 255 62,361 Doubtful — — — — — — — — Total $ 29,883,919 $ 6,998,834 $ 446,094 $ 407,870 $ 37,736,717 $ 2,388,420 $ 8,724 $ 2,397,144 (1) Includes lease financing receivables, all of which were classified as Pass. The preceding classifications are the most current ones available and generally have been updated within the last twelve months. In addition, they follow regulatory guidelines and can generally be described as follows: pass loans are of satisfactory quality; special mention loans have potential weaknesses that deserve management’s close attention; substandard loans are inadequately protected by the current net worth and paying capacity of the borrower or of the collateral pledged (these loans have a well-defined weakness and there is a possibility that the Company will sustain some loss); and doubtful loans, based on existing circumstances, have weaknesses that make collection or liquidation in full highly questionable and improbable. In addition, one-to-four family loans are classified based on the duration of the delinquency. Troubled Debt Restructurings The Company is required to account for certain loan modifications and restructurings as TDRs. In general, a modification or restructuring of a loan constitutes a TDR if the Company grants a concession to a borrower experiencing financial difficulty. A loan modified as a TDR generally is placed on non-accrual status until the Company determines that future collection of principal and interest is reasonably assured, which requires, among other things, that the borrower demonstrate performance according to the restructured terms for a period of at least six consecutive months. In an effort to proactively manage delinquent loans, the Company has selectively extended to certain borrowers concessions such as rate reductions, extension of maturity dates, and forbearance agreements. As of March 31, 2019, loans on which concessions were made with respect to rate reductions and/or extension of maturity dates amounted to $34.6 million; loans on which forbearance agreements were reached amounted to $37,000. The following table presents information regarding the Company’s TDRs as of March 31, 2019 and December 31, 2018: March 31, 2019 December 31, 2018 (in thousands) Accruing Non-Accrual Total Accruing Non-Accrual Total Loan Category: Multi-family $ — $ 4,070 $ 4,070 $ — $ 4,220 $ 4,220 Commercial real estate — — — — — — One-to-four family — 1,012 1,012 — 1,022 1,022 Acquisition, development, and construction 6,535 — 6,535 8,297 — 8,297 Commercial and industrial 865 22,117 22,982 865 20,477 21,342 Total $ 7,400 $ 27,199 34,599 $ 9,162 $ 25,719 $ 34,881 The eligibility of a borrower for work-out concessions of any nature depends upon the facts and circumstances of each loan, which may change from period to period, and involves judgment by Company personnel regarding the likelihood that the concession will result in the maximum recovery for the Company. The financial effects of the Company’s TDRs for the three months ended March 31, 2019 and 2018 are summarized as follows: For the Three Months Ended March 31, 2019 (dollars in thousands) Weighted Average Interest Rate Number of Loans Pre-Modification Recorded Investment Post-Modification Recorded Investment Pre- Modification Post- Modification Charge-off Amount Capitalized Interest Loan Category: Commercial and industrial 15 $ 4.194 $ 3,088 3.26 % 2.98 % $ 1,106 $ — For the Three Months Ended March 31, 2018 (dollars in thousands) Weighted Average Interest Rate Number of Loans Pre-Modification Recorded Investment Post-Modification Recorded Investment Pre- Modification Post- Modification Charge-off Amount Capitalized Interest Loan Category: Acquisition, development, and construction 1 $ 900 $ 900 4.50 % 4.50 % $ — $ — Commercial and industrial 6 3,166 1,754 3.28 3.21 1,318 — Total 7 $ 4,066 $ 2,654 $ 1,318 $ — At March 31, 2019, three C&I loans, in the amount of $566,000 that had been modified as a TDR during the twelve months ended at that date and were in payment default. At March 31, 2018, 11 C&I loans in the amount of $2.9 The Company does not consider a payment to be in default when the loan is in forbearance, or otherwise granted a delay of payment, when the agreement to forebear or allow a delay of payment is part of a modification. Subsequent to the modification, the loan is not considered to be in default until payment is contractually past due in accordance with the modified terms. However, the Company does consider a loan with multiple modifications or forbearance periods to be in default, and would also consider a loan to be in default if the borrower were in bankruptcy or if the loan were partially charged off subsequent to modification.

Allowance for Loan Losses

Allowance for Loan Losses	3 Months Ended
	Mar. 31, 2019
Allowances for Loan Losses	Note 6. Allowance for Loan Losses The following tables provide additional information regarding the Company’s allowance for loan losses based upon the method of evaluating loan impairment: (in thousands) Mortgage Other Total Allowances for Loan Losses at March 31, 2019: Loans individually evaluated for impairment $ — $ 709 $ 709 Loans collectively evaluated for impairment 128,766 27,161 155,927 Total $ 128,766 $ 27,870 $ 156,636 (in thousands) Mortgage Other Total Allowances for Loan Losses at December 31, 2018: Loans collectively evaluated for impairment $ 130,983 $ 28,837 $ 159,820 The following tables provide additional information regarding the methods used to evaluate the Company’s loan portfolio for impairment: (in thousands) Mortgage Other Total Loans Receivable at March 31, 2019: Loans individually evaluated for impairment $ 13,873 $ 49,739 $ 63,612 Loans collectively evaluated for impairment 37,760,517 2,663,301 40,423,818 Total $ 37,774,390 $ 2,713,040 $ 40,487,430 (in thousands) Mortgage Other Total Loans Receivable at December 31, 2018: Loans individually evaluated for impairment $ 15,794 $ 36,375 $ 52,169 Loans collectively evaluated for impairment 37,720,923 2,360,769 40,081,692 Total $ 37,736,717 $ 2,397,144 $ 40,133,861 Allowance for Loan Losses The following table summarizes activity in the allowance for loan losses for the periods indicated: For the Three Months Ended March 31, 2019 2018 (in thousands) Mortgage Other Total Mortgage Other Total Balance, beginning of period $ 130,983 $ 28,837 $ 159,820 $ 128,275 $ 29,771 $ 158,046 Charge-offs — (2,079 ) (2,079 ) (5,411 ) (1,580 ) (6,991 ) Recoveries 7 110 117 110 404 514 (Recovery of) provision for loan losses (2,224 ) 1,002 (1,222 ) 6,161 3,410 9,571 Balance, end of period $ 128,766 $ 27,870 $ 156,636 $ 129,135 $ 32,005 $ 161,140 The following table presents additional information about the Company’s impaired loans at March 31, 2019: (in thousands) Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized Impaired loans with no related allowance: Multi-family $ 4,070 $ 7,075 $ — $ 4,145 $ 57 Commercial real estate 2,256 7,370 — 2,256 — One-to-four family 1,012 1,066 — 1,017 6 Acquisition, development, and construction 6,535 7,435 — 7,415 144 Other 34,739 99,775 — 35,557 699 Total impaired loans with no related allowance $ 48,612 $ 122,721 $ — $ 50,390 $ 906 Impaired loans with an allowance recorded: Multi-family $ — $ — $ — $ — $ — Commercial real estate — — — — — One-to-four family — — — — — Acquisition, development, and construction — — — — — Other 15,000 15,000 709 15,000 75 Total impaired loans with an allowance recorded $ 15,000 $ 15,000 $ 709 $ 15,000 $ 75 Total impaired loans: Multi-family $ 4,070 $ 7,075 $ — $ 4,145 $ 57 Commercial real estate 2,256 7,370 — 2,256 — One-to-four family 1,012 1,066 — 1,017 6 Acquisition, development, and construction 6,535 7,435 — 7,415 144 Other 49,739 114,775 709 50,057 774 Total impaired loans $ 63,612 $ 137,721 $ 709 $ 65,390 $ 981 The following table presents additional information about the Company’s impaired loans at December 31, 2018: (in thousands) Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized Impaired loans with no related allowance: Multi-family $ 4,220 $ 7,168 $ — $ 6,114 $ 340 Commercial real estate 2,256 7,371 — 3,234 — One-to-four family 1,022 1,076 — 1,576 26 Acquisition, development, and construction 8,296 9,197 — 9,238 590 Other 36,375 101,701 — 42,984 3,057 Total impaired loans with no related allowance $ 52,169 $ 126,513 $ — $ 63,146 $ 4,013 Impaired loans with an allowance recorded: Multi-family $ — $ — $ — $ — $ — Commercial real estate — — — — — One-to-four family — — — — — Acquisition, development, and construction — — — — — Other — — — 20 — Total impaired loans with an allowance recorded $ — $ — $ — $ 20 $ — Total impaired loans: Multi-family $ 4,220 $ 7,168 $ — $ 6,114 $ 340 Commercial real estate 2,256 7,371 — 3,234 — One-to-four family 1,022 1,076 — 1,576 26 Acquisition, development, and construction 8,296 9,197 — 9,238 590 Other 36,375 101,701 — 43,004 3,057 Total impaired loans $ 52,169 $ 126,513 $ — $ 63,166 $ 4,013

Borrowed Funds

Borrowed Funds	3 Months Ended
	Mar. 31, 2019
Borrowed Funds	Note 7. Borrowed Funds The following table summarizes the Company’s borrowed funds at the dates indicated: (in thousands) March 31, 2019 December 31, 2018 Wholesale Borrowings: FHLB advances $ 11,803,661 $ 13,053,661 Repurchase agreements 800,000 500,000 Total wholesale borrowings $ 12,603,661 $ 13,553,661 Junior subordinated debentures 359,594 359,508 Subordinated notes 294,655 294,697 Total borrowed funds $ 13,257,910 $ 14,207,866 The following table summarizes the Company’s repurchase agreements accounted for as secured borrowings at March 31, 2019: 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 Subordinated Notes On November 6, 2018, the Company issued $300.0 million aggregate principal amount of our 5.90% Fixed-to-Floating Rate Subordinated Notes due 2028 (the “Notes”). The Notes will mature on November 6, 2028. 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 in arrears on May 6 and November 6 of each year, commencing on May 6, 2019. 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 in arrears on February 6, May 6, August 6 and November 6 of each year, commencing on February 6, 2024. Junior Subordinated Debentures The following junior subordinated debentures were outstanding at March 31, 2019: 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 SM 6.000 % $ 145,668 $ 139,317 Nov. 4, 2002 Nov. 1, 2051 Nov. 4, 2007 (1) New York Community Capital Trust X 4.202 123,712 120,000 Dec. 14, 2006 Dec. 15, 2036 Dec. 15, 2011 (2) PennFed Capital Trust III 5.861 30,928 30,000 June 2, 2003 June 15, 2033 June 15, 2008 (2) New York Community Capital Trust XI 4.242 59,286 57,500 April 16, 2007 June 30, 2037 June 30, 2012 (2) Total junior subordinated debentures $ 359,594 $ 346,817 (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. At March 31, 2019 and December 31, 2018, the Company had $359.6 million and $359.5 million, respectively, of outstanding junior subordinated deferrable interest debentures (junior subordinated debentures) held by statutory business trusts (the “Trusts”) that issued guaranteed capital securities. The Trusts are accounted for as unconsolidated subsidiaries, in accordance with GAAP. The proceeds of each issuance were invested in a series of junior subordinated debentures of the Company and the underlying assets of each statutory business trust are the relevant debentures. The Company has fully and unconditionally guaranteed the obligations under each trust’s capital securities to the extent set forth in a guarantee by the Company to each trust. The Trusts’ capital securities are each subject to mandatory redemption, in whole or in part, upon repayment of the debentures at their stated maturity or earlier redemption.

Pension and Other Post-Retireme

Pension and Other Post-Retirement Benefits	3 Months Ended
	Mar. 31, 2019
Pension and Other Post-Retirement Benefits	Note 8. Pension and Other Post-Retirement Benefits The following table sets forth certain disclosures for the Company’s pension and post-retirement plans for the periods indicated: For the Three Months Ended March 31, 2019 2018 (in thousands) Pension Benefits Post- Retirement Benefits Pension Benefits Post- Retirement Benefits Components of net periodic (credit) expense: (1) Interest cost $ 1,415 $ 128 $ 1,271 $ 128 Expected return on plan assets (3,483 ) — (4,035 ) — Amortization of prior-service costs — (62 ) — (62 ) Amortization of net actuarial loss 2,509 31 1,795 76 Net periodic (credit) expense $ 441 $ 97 $ (969 ) $ 142 (1) Amounts are included in G&A expense on the Consolidated Statements of Income and Comprehensive Income. The Company expects to contribute $1.2 million to its post-retirement plan to pay premiums and claims for the fiscal year ending December 31, 2019. The Company does not expect to make any contributions to its pension plan in 2019.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2019
Stock-Based Compensation	Note 9. Stock-Based Compensation At March 31, 2019, the Company had a total of 3,297,368 1,743,240 $10.32 $7.9 million and $9.8 million, respectively, in the three months ended March 31, 2019 and 2018. The following table provides a summary of activity with regard to restricted stock awards in the three months ended March 31, 2019: Number of Shares Weighted Average Grant Date Fair Value Unvested at beginning of year 6,904,388 $ 14.74 Granted 1,743,240 10.32 Vested (2,038,655 ) 15.25 Canceled (89,500 ) 12.90 Unvested at end of period 6,519,473 13.43 As of March 31, 2019, unrecognized compensation cost relating to unvested restricted stock totaled $81.1 million. This amount will be recognized over a remaining weighted average period of 3.4 years.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2019
Fair Value Measurements	Note 10. Fair Value Measurements GAAP sets forth a definition of fair value, establishes a consistent framework for measuring fair value, and requires disclosure for each major asset and liability category measured at fair value on either a recurring or non-recurring basis. GAAP also clarifies that fair value is an “exit” price, representing the amount that would be received when selling an asset, or paid when transferring a liability, in an orderly transaction between market participants. Fair value is thus a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. As a basis for considering such assumptions, GAAP establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows: • Level 1 – Inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. • Level 2 – Inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. • Level 3 – Inputs to the valuation methodology are significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants use in pricing an asset or liability. A financial instrument’s categorization within this valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The following tables present assets and liabilities that were measured at fair value on a recurring basis as of March 31, 2019 and December 31, 2018, and that were included in the Company’s Consolidated Statements of Condition at those dates: Fair Value Measurements at March 31, 2019 (in thousands) Quoted Prices Significant Significant Netting Total Assets: Mortgage-Related Debt Securities Available for Sale: GSE certificates $ — $ 1,395,631 $ — $ — $ 1,395,631 GSE CMOs — 1,455,129 — — 1,455,129 Total mortgage-related debt securities $ — $ 2,850,760 $ — $ — $ 2,850,760 Other Debt Securities Available for Sale: U. S. Treasury obligations $ 29,662 $ — $ — $ — $ 29,662 GSE debentures — 1,482,373 — — 1,482,373 Asset-backed securities — 384,674 — — 384,674 Municipal bonds — 67,198 — — 67,198 Corporate bonds — 860,055 — — 860,055 Capital trust notes — 49,922 — — 49,922 Total other debt securities $ 29,662 $ 2,844,222 $ — $ — $ 2,873,884 Total debt securities available for sale $ 29,662 $ 5,694,982 $ — $ — $ 5,724,644 Equity securities: Preferred stock $ 15,147 $ — $ — $ — $ 15,147 Mutual funds and common stock — 16,981 — — 16,981 Total equity securities $ 15,147 $ 16,981 $ — $ — $ 32,128 Total securities $ 44,809 $ 5,711,963 $ — $ — $ 5,756,772 Liabilities: Derivative liabilities $ — $ — $ — $ — $ — Fair Value Measurements at December 31, 2018 (in thousands) Quoted Prices Significant Significant Netting Total Fair Assets: Mortgage-Related Debt Securities Available for Sale: GSE certificates $ — $ 1,707,521 $ — $ — $ 1,707,521 GSE CMOs — 1,252,761 — — 1,252,761 Total mortgage-related debt securities $ — $ 2,960,282 $ — $ — $ 2,960,282 Other Debt Securities Available for Sale: GSE debentures $ — $ 1,328,927 $ — $ — $ 1,328,927 Asset-backed securities — 387,122 — — 387,122 Municipal bonds — 66,183 — — 66,183 Corporate bonds — 821,715 — — 821,715 Capital trust notes — 49,291 — — 49,291 Total other debt securities $ — $ 2,653,238 $ — $ — $ 2,653,238 Total debt securities available for sale $ — $ 5,613,520 $ — $ — $ 5,613,520 Equity securities: Preferred stock $ 13,846 $ — $ — $ — $ 13,846 Mutual funds and common stock — 16,705 — — 16,705 Total equity securities $ 13,846 $ 16,705 $ — $ — $ 30,551 Total securities $ 13,846 $ 5,630,225 $ — $ — $ 5,644,071 The Company reviews and updates the fair value hierarchy classifications for its assets on a quarterly basis. Changes from one quarter to the next that are related to the observability of inputs for a fair value measurement may result in a reclassification from one hierarchy level to another. A description of the methods and significant assumptions utilized in estimating the fair values of securities follows: Where quoted prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. Level 1 securities include highly liquid government securities and exchange-traded securities. If quoted market prices are not available for a specific security, then fair values are estimated by using pricing models. These pricing models primarily use market-based or independently sourced market parameters as inputs, including, but not limited to, yield curves, interest rates, equity or debt prices, and credit spreads. In addition to observable market information, models incorporate transaction details such as maturity and cash flow assumptions. Securities valued in this manner would generally be classified within Level 2 of the valuation hierarchy, and primarily include such instruments as mortgage-related and corporate debt securities. Periodically, the Company uses fair values supplied by independent pricing services to corroborate the fair values derived from the pricing models. In addition, the Company reviews the fair values supplied by independent pricing services, as well as their underlying pricing methodologies, for reasonableness. The Company challenges pricing service valuations that appear to be unusual or unexpected. While the Company believes its valuation methods are appropriate, and consistent with those of other market participants, the use of different methodologies or assumptions to determine the fair values of certain financial instruments could result in different estimates of fair values at a reporting date. Assets Measured at Fair Value on a Non-Recurring Basis Certain assets are measured at fair value on a non-recurring basis. Such instruments are subject to fair value adjustments under certain circumstances (e.g., when there is evidence of impairment). The following tables present assets and liabilities that were measured at fair value on a non-recurring basis as of March 31, 2019 and December 31, 2018, and that were included in the Company’s Consolidated Statements of Condition at those dates: Fair Value Measurements at March 31, 2019 Using (in thousands) Quoted Prices in Significant Other Significant Total Fair Certain impaired loans (1) $ — $ — $ 37,587 $ 37,587 Other assets (2) — — — — Total $ — $ — $ 37,587 $ 37,587 (1) Represents the fair value of impaired loans, based on the value of the collateral. (2) Represents the fair value of repossessed assets, based on the appraised value of the collateral subsequent to its initial classification as repossessed assets. Fair Value Measurements at December 31, 2018 Using (in thousands) Quoted Prices in Significant Other Significant Total Fair Certain impaired loans (1) $ — $ — $ 38,213 $ 38,213 Other assets (2) — — 1,265 1,265 Total $ — $ — $ 39,478 $ 39,478 (1) Represents the fair value of impaired loans, based on the value of the collateral. (2) Represents the fair value of repossessed assets, based on the appraised value of the collateral subsequent to its initial classification as repossessed assets. The fair values of collateral-dependent impaired loans are determined using various valuation techniques, including consideration of appraised values and other pertinent real estate and other market data. Other Fair Value Disclosures For the disclosure of fair value information about the Company’s on- and off-balance sheet financial instruments, when available, quoted market prices are used as the measure of fair value. In cases where quoted market prices are not available, fair values are based on present-value estimates or other valuation techniques. Such fair values are significantly affected by the assumptions used, the timing of future cash flows, and the discount rate. Because assumptions are inherently subjective in nature, estimated fair values cannot be substantiated by comparison to independent market quotes. Furthermore, in many cases, the estimated fair values provided would not necessarily be realized in an immediate sale or settlement of such instruments. The following tables summarize the carrying values, estimated fair values, and fair value measurement levels of financial instruments that were not carried at fair value on the Company’s Consolidated Statements of Condition at March 31, 2019 and December 31, 2018: March 31, 2019 Fair Value Measurement Using (in thousands) Carrying Estimated Quoted Prices in Significant Significant Financial Assets: Cash and cash equivalents $ 990,019 $ 990,019 $ 990,019 $ — $ — FHLB stock (1) 588,197 588,197 — 588,197 — Loans, net 40,369,383 40,257,098 — — 40,257,098 Financial Liabilities: Deposits 31,601,125 31,617,404 18,833,346 (2) $ 12,784,058 (3) $ — Borrowed funds 13,257,910 13,282,486 — 13,282,486 — (1) Carrying value and estimated fair value are at cost. (2) Interest-bearing checking and money market accounts, savings accounts, and non-interest-bearing accounts. (3) Certificates of deposit. December 31, 2018 Fair Value Measurement Using (in thousands) Carrying Estimated Quoted Prices in Significant Significant Financial Assets: Cash and cash equivalents $ 1,474,955 $ 1,474,955 $ 1,474,955 $ — $ — FHLB stock (1) 644,590 644,590 — 644,590 — Loans, net 40,006,088 39,461,985 — — 39,461,985 Financial Liabilities: Deposits $ 30,764,430 $ 30,748,729 $ 18,570,108 (2) $ 12,178,621 (3) $ — Borrowed funds 14,207,866 14,136,526 — 14,136,526 — (1) Carrying value and estimated fair value are at cost. (2) Interest-bearing checking and money market accounts, savings accounts, and non-interest-bearing accounts. (3) Certificates of deposit. The methods and significant assumptions used to estimate fair values for the Company’s financial instruments follow: Cash and Cash Equivalents Cash and cash equivalents include cash and due from banks and federal funds sold. The estimated fair values of cash and cash equivalents are assumed to equal their carrying values, as these financial instruments are either due on demand or have short-term maturities. Securities If quoted market prices are not available for a specific security, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics, or discounted cash flows. These pricing models primarily use market-based or independently sourced market parameters as inputs, including, but not limited to, yield curves, interest rates, equity or debt prices, and credit spreads. In addition to observable market information, pricing models also incorporate transaction details such as maturities and cash flow assumptions. Federal Home Loan Bank Stock Ownership in equity securities of the FHLB is generally restricted and there is no established liquid market for their resale. The carrying amount approximates the fair value. Loans The Company discloses the fair value of loans measured at amortized cost using an exit price notion. The Company determined the fair value on substantially all of its loans for disclosure purposes, on an individual loan basis. The discount rates reflect current market rates for loans with similar terms to borrowers having similar credit quality on an exit price basis. The estimated fair values of non-performing mortgage and other loans are based on recent collateral appraisals. For those loans where a discounted cash flow technique was not considered reliable, the Company used a quoted market price for each individual loan. Deposits The fair values of deposit liabilities with no stated maturity (i.e., interest-bearing checking and money market accounts, savings accounts, and non-interest-bearing accounts) are equal to the carrying amounts payable on demand. The fair values of CDs represent contractual cash flows, discounted using interest rates currently offered on deposits with similar characteristics and remaining maturities. These estimated fair values do not include the intangible value of core deposit relationships, which comprise a significant portion of the Company’s deposit base. Borrowed Funds The estimated fair value of borrowed funds is based either on bid quotations received from securities dealers or the discounted value of contractual cash flows with interest rates currently in effect for borrowed funds with similar maturities and structures. Derivative Financial Instruments Derivatives are reported at fair value utilizing Level 2 inputs. The fair values of interest rate swaps are based on a valuation model that uses primarily observable inputs, such as benchmark yield curves and interest rate spreads. Off-Balance Sheet Financial Instruments The fair values of commitments to extend credit and unadvanced lines of credit are estimated based on an analysis of the interest rates and fees currently charged to enter into similar transactions, considering the remaining terms of the commitments and the creditworthiness of the potential borrowers. The estimated fair values of such off-balance sheet financial instruments were insignificant at March 31, 2019 and December 31, 2018.

Leases

Leases	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Leases	Note 11. Leases The Company determines if an arrangement is a lease at inception. Operating leases are included in operating lease right-of-use assets and operating lease liabilities in the Consolidated Statements of Condition. ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most leases do not provide an implicit rate, the incremental borrowing rate (FHLB borrowing rate) is used based on the information available at adoption date in determining the present value of lease payments. The implicit rate is used when readily determinable. The operating lease ROU asset is measured at cost, which includes the initial measurement of the lease liability, prepaid rent and initial direct costs incurred by the Company, less incentives received. The lease terms include options to extend the lease when it is reasonably certain that we will exercise that option. For the vast majority of the Company’s leases, we are reasonably certain we will exercise our options to renew to the end of all renewal option periods. As such, substantially all of our future options to extend the leases have been included in the lease liability and ROU assets. Variable costs such as the proportionate share of actual costs for utilities, common area maintenance, property taxes and insurance are not included in the lease liability and are recognized in the period in which they are incurred. Amortization of the ROU assets for the three months ended March 31, 2019 was $11.7 million (included in this amount is $7.3 million that was due to the closing of certain locations). The Company has operating leases for corporate offices, branch locations and certain equipment. The Company’s leases have remaining lease terms of one year to approximately 25 years, the vast majority of which include one or more options to extend the leases for up to five years resulting in lease terms up to 40 years. The components of lease expense were as follows: (in thousands) For the Components of Lease Expense: Operating lease cost $ 7,348 Sublease income (22 ) Total lease cost $ 7,326 Supplemental cash flow information related to the leases for the following period: (in thousands) For the Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 7,348 Supplemental balance sheet information related to the leases for the following period: (in thousands, except lease term and discount rate) March 31, 2019 Operating Leases: Operating lease right-of-use assets $ 312,948 Operating lease liabilities 312,628 Weighted average remaining lease term 17.4 years Weighted average discount rate 3.25 % Maturities of lease liabilities: (in thousands) 2019 $ 21,836 2020 28,319 2021 27,677 2022 26,971 2023 26,541 Thereafter 291,362 Total lease payments 422,706 Less: imputed interest (110,078 ) Total present value of lease liabilities $ 312,628 As previously disclosed in the Company’s 2018 Form 10-K under the prior guidance of ASC 840, at December 31, 2018, the Company was obligated under various non-cancelable operating lease and license agreements with renewal options on properties used primarily for branch operations. The agreements contain periodic escalation clauses that provide for increases in the annual rents, commencing at various times during the lives of the agreements, which are primarily based on increases in real estate taxes and cost-of-living indices. The remaining projected minimum annual rental commitments under these agreements, exclusive of taxes and other charges, are summarized as follows: (in thousands) 2019 $ 30,322 2020 23,399 2021 19,736 2022 16,552 2023 and thereafter 55,525 Total minimum future rentals $ 145,534

Derivative and Hedging Activiti

Derivative and Hedging Activities	3 Months Ended
	Mar. 31, 2019
Derivative and Hedging Activities	Note 12. Derivative and Hedging Activities The Company’s derivative financial instruments consist of interest rate swaps. The Company is exposed to certain risks arising from both its business operations and economic conditions. The Company principally manages its exposure to a wide variety of business and operational risks through management of its core business activities. The Company manages economic risks, including interest rate and liquidity risks, primarily by managing the amount, sources, and duration of its assets and liabilities and, from time to time, the use of derivative financial instruments. Specifically, the Company enters into derivative financial instruments to manage exposures that arise from business activities that result in the payment of future known and uncertain cash amounts, the value of which are determined by interest rates. The Company’s derivative financial instruments are used to manage differences in the amount, timing, and duration of the Company’s known or expected cash receipts and its known or expected cash payments principally related to the Company’s pools of fixed-rate assets. The Company is exposed to changes in the fair value of certain of its fixed-rate assets due to changes in benchmark interest rates. The Company uses interest rate swaps to manage its exposure to changes in fair value on these instruments attributable to changes in the designated benchmark interest rate. Interest rate swaps designated as fair value hedges involve the payment of fixed-rate amounts to a counterparty in exchange for the Company receiving variable-rate payments over the life of the agreements without the exchange of the underlying notional amount. Such derivatives were used to hedge the changes in fair value of certain of its pools of prepayable fixed rate assets. For derivatives designated and that qualify as fair value hedges, the gain or loss on the derivative as well as the offsetting loss or gain on the hedged item attributable to the hedged risk are recognized in interest income. During the three months ended March 31, 2019, the Company entered into an interest rate swap with a notional amount of $2.0 billion to hedge certain real estate loans. For the three months ended March 31, 2019, the floating rate received related to the net settlement of this interest rate swap was in excess of the fixed rate payments. As such, interest income from Mortgage and Other Loans in the accompanying Consolidated Statements of Income and Comprehensive Income was increased by $239,000, net, for the three months ended March 31, 2019. As of March 31, 2019, the following amounts were recorded on the balance sheet related to cumulative basis adjustment for fair value hedges. The Company did not have any derivative instruments of December 31, 2018: (in thousands) March 31, 2019 Line Item in the Consolidated Statement of Financial Condition in which the Hedge Item is Included Carrying Amount Cumulative Amount Total loans and leases, net (1) $ 2,018,532 $ 18,532 (1) These amounts include the amortized cost basis of closed portfolios used to designated hedging relationships in which the hedged item is the last layer expected to be remaining at the end of the hedging relationship. At March 31, 2019, the amortized cost basis of the closed portfolios used in these hedging relationships was $ 4.7 billion; the cumulative basis adjustments associated with these hedging relationships was $18.5 million; and the amount of the designated hedged items was $2.0 billion. The following table sets forth information regarding the Company’s derivative financial instruments at March 31, 2019. The Company had no derivative financial instruments at December 31, 2018. March 31, 2019 Fair Value (in thousands) Notional Amount Other Assets Other Liabilities Derivatives designated as hedging instruments: Fair value hedge interest rate swap $ 2,000,000 $ — $ — Total derivatives designated as hedging instruments $ 2,000,000 $ — $ — Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (the “Dodd-Frank Act”) requires all standardized derivatives, including most interest rate swaps, to be submitted for clearing to central counterparties to reduce counterparty risk. Two of the central counterparties are the Chicago Mercantile Exchange (“CME”) and the London Clearing House (“LCH”). As of March 31 , 2019 , all of the Company’s $ 2.0 billion notional derivative contracts were cleared on the LCH. Variation margin payments on derivatives cleared through the LCH are accounted for as legal settlement. For derivatives cleared through LCH, the net gain (loss) position includes the variation margin amounts as settlement of the derivative and not collateral against the fair value of the derivative. The Company’s exposure is limited to the value of the derivative contracts in a gain position less any collateral held and plus any collateral posted. When there is a net negative exposure, we consider our exposure to the counterparty to be zero. At March 31, 2019, the Company had a net negative exposure. The following table sets forth the effect of derivative instruments on the Consolidated Statements of Income and Comprehensive Income for the periods indicated: For the Three Months Ended March 31, (in thousands) 2019 2018 Derivative – interest rate swap: Interest income $ (18,532 ) $ — Hedged item – loans: Interest income $ 18,532 $ —

Impact of Recent Accounting Pro

Impact of Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2019
Impact of Recent Accounting Pronouncements	Note 13. Impact of Recent Accounting Pronouncements Recently Adopted Accounting Standards The Company has adopted ASU No. 2018-16, Derivatives and Hedging (Topic 815)—Inclusion of the Secured Overnight Financing Rate (SOFR) Overnight Index Swap (OIS) Rate as a Benchmark Interest Rate for Hedge Accounting Purposes, effective on its issuance date of October 25, 2018. The purpose of ASU 2018-16 is to permit the use of the OIS rate based on SOFR as a U.S. benchmark interest rate for hedge accounting purposes under Topic 815. The amendments in ASU 2018-16 are required to be applied prospectively for qualifying new or redesignated hedging relationships entered into on or after the date of adoption. The adoption of ASU No. 2018-16 did not have a material impact on the Company’s Consolidated Statements of Condition, results of operations, or cash flows. The Company early adopted ASU No. 2018-15, Intangibles – Goodwill and Other – Internal Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract on January 1, 2019. ASU 2018-15 aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal-use software license). The accounting for the service element of a hosting arrangement that is a service contract is not affected by the amendment. The adoption of ASU 2018-15 did not have a material effect on the Company’s Consolidated Statements of Conditions, results of operations, or cash flows. The Company adopted ASU No. 2018-02, Income Statement-Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income, effective January 1, 2018. ASU No. 2018-02 addresses a narrow-scope financial reporting issue that arose as a consequence of the enactment of the Tax Cuts and Jobs Act of 2017. ASU No. 2018-02 permits an election to reclassify from accumulated other comprehensive income (loss) to retained earnings the standard tax effects resulting from the difference between the historical federal corporate income tax rate of 35% and the newly enacted 21% federal corporate income tax rate. Effective January 1, 2018, the Company recorded a reclassification adjustment of $2.5 million decreasing AOCL and increasing retained earnings. The Company’s only components of AOCL are the fair value adjustment for securities available for sale and the tax effected related pension and post-retirement obligations. The Company adopted ASU No. 2017-12, Targeted Improvements to Accounting for Hedging Activities, effective January 1, 2018. ASU No. 2017-12 changes the recognition and presentation requirements as well as the cost and complexity of applying hedge accounting by easing the requirements for effectiveness testing and hedge documentation. As of December 31, 2018, the Company had no identified accounting hedges in place, and as such, adoption of ASU No. 2017-12 had no impact on the Company’s Consolidated Statements of Condition, results of operations, or cash flows. The Company adopted ASU No. 2017-09, Compensation—Stock Compensation (Topic 718) as of January 1, 2018. The ASU’s amendments are applied prospectively to awards modified on or after the effective date. ASU No. 2017-09 clarifies when changes to the terms or conditions of a share-based payment award should be accounted for as a modification. Modification accounting is applied only if the fair value, the vesting conditions, and the classification of the award (as an equity or liability instrument) change as a result of the change in terms or conditions. The adoption of ASU No. 2017-09 did not have an effect on the Company’s Consolidated Statements of Condition, results of operations, or cash flows. The Company adopted ASU No. 2017-08, Receivables—Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities. ASU No. 2017-08 specifies that the premium amortization period ends at the earliest call date, rather than the contractual maturity date, for purchased non-contingently callable debt securities. Shortening the amortization period is generally expected to more closely align the interest income recognition with the expectations incorporated in the market pricing of the underlying securities. The adoption of ASU No. 2017-08 on January 1, 2019 did not have a material effect on the Company’s Consolidated Statements of Condition, results of operations, or cash flows. The Company adopted ASU No. 2017-07, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Post-retirement Benefit Cost, on January 1, 2018. ASU No. 2017-07 requires companies to present the service cost component of net benefit cost in the income statement line items where they report compensation cost, and all other components of net benefit cost in the income statement separately from the service cost component and outside of operating income, if this subtotal is presented. Additionally, the service cost component is the only component that can be capitalized. The standard required retrospective application for the amendments related to the presentation of the service cost component and other components of net benefit cost, and prospective application for the amendments related to the capitalization requirements for the service cost components of net benefit cost. The adoption of ASU No. 2017-07 did not have a material effect on the Company’s Consolidated Statements of Condition, results of operations, or cash flows. The Company adopted ASU No. 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash, on January 1, 2018, with retrospective application. ASU No. 2016-18 requires that the reconciliation of the beginning-of-period and end-of-period cash and cash equivalent amounts shown on the statement of cash flows include restricted cash and restricted cash equivalents. If restricted cash and restricted cash equivalents are presented separately from cash and cash equivalents on the balance sheet, entities are required to reconcile the amounts presented on the statement of cash flows to the amounts on the balance sheet. Entities are also required to disclose information regarding the nature of the restrictions. The adoption of ASU No. 2016-18 did not have an impact on the Company’s financial position or results of operations, or cash flows. The Company adopted ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments on January 1, 2018 with retrospective application. ASU No. 2016-15 addresses the following cash flow issues: debt prepayment or debt extinguishment costs; settlement of zero-coupon debt instruments or other debt instruments with coupon interest rates that are insignificant in relation to the effective interest rate of the borrowing; contingent consideration payments made after a business combination; proceeds from the settlement of insurance claims; proceeds from the settlement of corporate-owned life insurance policies (including BOLI policies); distributions received from equity method investees; beneficial interests in securitization transactions; and separately identifiable cash flows and application of the predominance principle. The adoption of ASU No. 2016-15 did not have a material effect on the Company’s Consolidated Statements of Condition, results of operations, or cash flows. The Company adopted ASU No. 2016-02, Leases (Topic 842), and its subsequent amendments to the ASU: ASU No. 2018-01, Leases (Topic 842): Land Easement Practical Expedient Transition to Topic 842; ASU 2018-10, Codification Improvements to Topic 842, Leases; ASU 2018-11, Leases (Topic 842): Targeted Improvements; ASU 2018-20, Narrow-Scope Improvements for Lessors; and ASU 2019-01, Leases: Codification Improvements on January 1, 2019, using the modified retrospective approach and utilizing the effective date as its date of initial application, for which prior periods are presented in accordance with the previous guidance in ASC 840, Leases. Topic 842 is intended to improve financial reporting about leasing transactions and the key provision impacting the Company is the requirement for a lessee to record a right-of-use asset and a liability, which represents the obligation to make lease payments for long-term operating leases. Additionally, ASU 2016-02 includes quantitative and qualitative disclosures required by lessees and lessors to help financial statement users better understand the amount, timing, and uncertainty of cash flows arising from leases. Topic 842 includes a number of optional practical expedients that entities may elect to apply. The Company adopted the practical expedients of: not reevaluating whether or not a contract contains a lease; retaining current lease classification; not reassessing initial direct costs for existing leases; and not reassessing existing land easements that were not previously accounted for as leases under current lease accounting rules. Accordingly, previously reported financial statements, including footnote disclosures, have not been recast to reflect the application of ASU 2016-02 to all comparative periods presented. The adoption of ASU 2016-02, as reflected in Note 11, did not have a material impact on the Company’s Consolidated Statements of Condition, results of operations, or cash flows. The Company adopted ASU No. 2016-01, Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities by means of a cumulative-effect adjustment as of January 1, 2018. ASU No. 2016-01 provides targeted improvements to GAAP including, amongst other improvements, the requirement for equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income, thus eliminating eligibility for the available-for-sale category. FHLB stock, however, is not in the scope of ASU No. 2016-01 and will continue to be presented at historical cost. Upon adoption, an immaterial amount of unrealized losses related to the in-scope equity securities was reclassified from other comprehensive loss to retained earnings in 2018 and equity investments were reclassified from securities available for sale to other assets with their related market value changes reflected in earnings. The Company adopted ASU No. 2014-09, Revenue from Contracts with Customers and its amendments which established ASC Topic 606, Revenue from Contracts with Customers, on January 1, 2018 using the modified retrospective approach. In summary, the core principle of ASC Topic 606 is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The Company’s revenue streams that are covered by ASC Topic 606 are primarily fees earned in connection with performing services for our customers such as investment advisor fees, wire transfer fees, and bounced check fees. Such fees are either satisfied over time if the service is performed over a period of time (as with investment advisor fees or safe deposit box rental fees), or satisfied at a point in time (as with wire transfer fees and bounced check fees). The Company recognizes fees for services performed over the time period to which the fees relate. The Company recognizes fees earned at a point in time on the day the fee is earned. The modified retrospective approach includes presenting the cumulative effect of initial application, if any, along with supplementary disclosures, if any. The Company did not record a cumulative effect adjustment upon adoption of the standard. Recently Issued Accounting Standards In January 2017, the FASB issued ASU No. 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. ASU No. 2017-04 eliminates the second step of the goodwill impairment test which requires an entity to determine the implied fair value of the reporting unit’s goodwill. Instead, an entity will recognize an impairment loss if the carrying value of the net assets assigned to the reporting unit exceeds the fair value of the reporting unit, with the impairment loss not to exceed the amount of goodwill recorded. ASU No. 2017-04 does not amend the optional qualitative assessment of goodwill impairment. The Company plans to adopt ASU No. 2017-04 prospectively beginning January 1, 2020 and the impact of its adoption on the Company’s Consolidated Statements of Condition, results of operations, or cash flows will be dependent upon goodwill impairment determinations made after that date. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. ASU No. 2016-13 amends guidance on reporting credit losses for assets held on an amortized cost basis and available-for-sale debt securities. For assets held at amortized cost, ASU No. 2016-13 eliminates the probable initial recognition threshold in current GAAP and, instead, requires an entity to reflect its current estimate of all expected credit losses. Current GAAP requires an “incurred loss” methodology for recognizing credit losses that delays recognition until it is probable a loss has been incurred. The amendments in ASU No. 2016-13 replace the incurred loss impairment methodology in current GAAP with a methodology that reflects the measurement of expected credit losses based on relevant information about past events, including historical loss experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amounts. The allowance for credit losses is a valuation account that is deducted from the amortized cost basis of the financial assets to present the net amount expected to be collected. For available-for-sale debt securities, credit losses should be measured in a manner similar to current GAAP; however, ASU No. 2016-13 will require that credit losses be presented as an allowance rather than as a write-down. The amendments affect loans, debt securities, trade receivables, net investments in leases, off-balance sheet credit exposures, reinsurance receivables, and any other financial assets not excluded from the scope that have the contractual right to receive cash. The Company will adopt ASU No. 2016-13 as of January 1, 2020 on a modified retrospective basis with a cumulative-effect adjustment to retained earnings as of the adoption date. However, a prospective transition approach is required for debt securities for which an OTTI had been recognized before the effective date. The effect of a prospective transition approach is to maintain the same amortized cost basis before and after the effective date of ASU No. 2016-13. Amounts previously recognized in accumulated other comprehensive income (loss) as of the date of adoption that relate to improvements in cash flows expected to be collected will continue to be accreted into income over the remaining life of the asset. Recoveries of amounts previously written off relating to improvements in cash flows after the date of adoption will be recorded in earnings when received. Financial assets for which the guidance in Subtopic 310-30, Receivables—Loans and Debt Securities Acquired with Deteriorated Credit Quality (“PCD assets”), has previously been applied, will prospectively apply the guidance in ASU No. 2016-13 for PCD assets. A prospective transition approach will be used for PCD assets where upon adoption, the amortized cost basis will be adjusted to reflect the addition of the allowance for credit losses. This transition relief will avoid the need for a reporting entity to reassess its purchased financial assets that exist as of the date of adoption to determine whether it would have met at acquisition the new criteria of more-than insignificant credit deterioration since origination. The transition relief also will allow an entity to accrete the remaining noncredit discount (based on the revised amortized cost basis) into interest income at the effective interest rate at the adoption date of ASU No. 2016-13. The same transition requirements are be applied to beneficial interests that previously applied Subtopic 310-30 or have a significant difference between contractual cash flows and expected cash flows. The Company is evaluating ASU No. 2016-13 and has a working group with multiple members from applicable departments to evaluate the requirements of the new standard, plan for loss modeling requirements consistent with lifetime expected loss estimates, and assess the impact it will have on current processes. This evaluation includes a review of existing credit models to identify areas where existing credit models used to comply with other regulatory requirements may be leveraged and areas where new models may be required. The adoption of ASU No. 2016-13 could have a material effect on the Company’s Consolidated Statements of Condition and results of operations. The extent of the impact upon adoption will likely depend on the characteristics of the Company’s loan portfolio and economic conditions at that date, as well as forecasted conditions thereafter. In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement. The purpose of ASU 2018-13 is to improve the effectiveness of disclosures in the notes to financial statements by facilitating clear communication of the information required by GAAP that is most important to users of each entity’s financial statements. The amendments in ASU 2018-13 are effective for the Company as of January 1, 2020. Early adoption is permitted and an entity is permitted to early adopt any removed or modified disclosures upon issuance of the ASU and delay adoption of the additional disclosures until their effective date. The amendments removed the disclosure requirements for transfers between Levels 1 and 2 of the fair value hierarchy, the disclosure of the policy for timing of transfers between levels of the fair value hierarchy, and the disclosure of the valuation processes for Level 3 fair value measurements. Additionally, the amendments modified the disclosure requirements for investments in certain entities that calculate net asset value and measurement uncertainty. Finally, the amendments added disclosure requirements for the changes in unrealized gains and losses included in other comprehensive income for recurring Level 3 fair value measurements and the range and weighted average of significant unobservable inputs used to develop Level 3 measurements. The amendments on changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements and the narrative description of measurement uncertainty should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other amendments should be applied retrospectively to all periods presented upon their effective date. The adoption of ASU 2018-13 is not expected to have a material effect on the Company’s Consolidated Statements of Condition, results of operations, or cash flows.

Organization and Basis of Pre_2

Organization and Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2019
Basis of Presentation	Basis of Presentation The following is a description of the significant accounting and reporting policies that the Company and its subsidiaries follow in preparing and presenting their consolidated financial statements, which conform to U.S. generally accepted accounting principles (“GAAP”) and to general practices within the banking industry. The preparation of financial statements in conformity with GAAP requires the Company to make estimates and judgments that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Estimates that are particularly susceptible to change in the near term are used in connection with the determination of the allowance for loan losses; the evaluation of goodwill for impairment; and the evaluation of the need for a valuation allowance on the Company’s deferred tax assets. The accompanying consolidated financial statements include the accounts of the Company and other entities in which the Company has a controlling financial interest. All inter-company accounts and transactions are eliminated in consolidation. The Company currently has certain unconsolidated subsidiaries in the form of wholly-owned statutory business trusts, which were formed to issue guaranteed capital securities. See Note 7, Borrowed Funds, for additional information regarding these trusts.
Recently Adopted/Issued Accounting Standards	Recently Adopted Accounting Standards The Company has adopted ASU No. 2018-16, Derivatives and Hedging (Topic 815)—Inclusion of the Secured Overnight Financing Rate (SOFR) Overnight Index Swap (OIS) Rate as a Benchmark Interest Rate for Hedge Accounting Purposes, effective on its issuance date of October 25, 2018. The purpose of ASU 2018-16 is to permit the use of the OIS rate based on SOFR as a U.S. benchmark interest rate for hedge accounting purposes under Topic 815. The amendments in ASU 2018-16 are required to be applied prospectively for qualifying new or redesignated hedging relationships entered into on or after the date of adoption. The adoption of ASU No. 2018-16 did not have a material impact on the Company’s Consolidated Statements of Condition, results of operations, or cash flows. The Company early adopted ASU No. 2018-15, Intangibles – Goodwill and Other – Internal Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract on January 1, 2019. ASU 2018-15 aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal-use software license). The accounting for the service element of a hosting arrangement that is a service contract is not affected by the amendment. The adoption of ASU 2018-15 did not have a material effect on the Company’s Consolidated Statements of Conditions, results of operations, or cash flows. The Company adopted ASU No. 2018-02, Income Statement-Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income, effective January 1, 2018. ASU No. 2018-02 addresses a narrow-scope financial reporting issue that arose as a consequence of the enactment of the Tax Cuts and Jobs Act of 2017. ASU No. 2018-02 permits an election to reclassify from accumulated other comprehensive income (loss) to retained earnings the standard tax effects resulting from the difference between the historical federal corporate income tax rate of 35% and the newly enacted 21% federal corporate income tax rate. Effective January 1, 2018, the Company recorded a reclassification adjustment of $2.5 million decreasing AOCL and increasing retained earnings. The Company’s only components of AOCL are the fair value adjustment for securities available for sale and the tax effected related pension and post-retirement obligations. The Company adopted ASU No. 2017-12, Targeted Improvements to Accounting for Hedging Activities, effective January 1, 2018. ASU No. 2017-12 changes the recognition and presentation requirements as well as the cost and complexity of applying hedge accounting by easing the requirements for effectiveness testing and hedge documentation. As of December 31, 2018, the Company had no identified accounting hedges in place, and as such, adoption of ASU No. 2017-12 had no impact on the Company’s Consolidated Statements of Condition, results of operations, or cash flows. The Company adopted ASU No. 2017-09, Compensation—Stock Compensation (Topic 718) as of January 1, 2018. The ASU’s amendments are applied prospectively to awards modified on or after the effective date. ASU No. 2017-09 clarifies when changes to the terms or conditions of a share-based payment award should be accounted for as a modification. Modification accounting is applied only if the fair value, the vesting conditions, and the classification of the award (as an equity or liability instrument) change as a result of the change in terms or conditions. The adoption of ASU No. 2017-09 did not have an effect on the Company’s Consolidated Statements of Condition, results of operations, or cash flows. The Company adopted ASU No. 2017-08, Receivables—Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities. ASU No. 2017-08 specifies that the premium amortization period ends at the earliest call date, rather than the contractual maturity date, for purchased non-contingently callable debt securities. Shortening the amortization period is generally expected to more closely align the interest income recognition with the expectations incorporated in the market pricing of the underlying securities. The adoption of ASU No. 2017-08 on January 1, 2019 did not have a material effect on the Company’s Consolidated Statements of Condition, results of operations, or cash flows. The Company adopted ASU No. 2017-07, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Post-retirement Benefit Cost, on January 1, 2018. ASU No. 2017-07 requires companies to present the service cost component of net benefit cost in the income statement line items where they report compensation cost, and all other components of net benefit cost in the income statement separately from the service cost component and outside of operating income, if this subtotal is presented. Additionally, the service cost component is the only component that can be capitalized. The standard required retrospective application for the amendments related to the presentation of the service cost component and other components of net benefit cost, and prospective application for the amendments related to the capitalization requirements for the service cost components of net benefit cost. The adoption of ASU No. 2017-07 did not have a material effect on the Company’s Consolidated Statements of Condition, results of operations, or cash flows. The Company adopted ASU No. 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash, on January 1, 2018, with retrospective application. ASU No. 2016-18 requires that the reconciliation of the beginning-of-period and end-of-period cash and cash equivalent amounts shown on the statement of cash flows include restricted cash and restricted cash equivalents. If restricted cash and restricted cash equivalents are presented separately from cash and cash equivalents on the balance sheet, entities are required to reconcile the amounts presented on the statement of cash flows to the amounts on the balance sheet. Entities are also required to disclose information regarding the nature of the restrictions. The adoption of ASU No. 2016-18 did not have an impact on the Company’s financial position or results of operations, or cash flows. The Company adopted ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments on January 1, 2018 with retrospective application. ASU No. 2016-15 addresses the following cash flow issues: debt prepayment or debt extinguishment costs; settlement of zero-coupon debt instruments or other debt instruments with coupon interest rates that are insignificant in relation to the effective interest rate of the borrowing; contingent consideration payments made after a business combination; proceeds from the settlement of insurance claims; proceeds from the settlement of corporate-owned life insurance policies (including BOLI policies); distributions received from equity method investees; beneficial interests in securitization transactions; and separately identifiable cash flows and application of the predominance principle. The adoption of ASU No. 2016-15 did not have a material effect on the Company’s Consolidated Statements of Condition, results of operations, or cash flows. The Company adopted ASU No. 2016-02, Leases (Topic 842), and its subsequent amendments to the ASU: ASU No. 2018-01, Leases (Topic 842): Land Easement Practical Expedient Transition to Topic 842; ASU 2018-10, Codification Improvements to Topic 842, Leases; ASU 2018-11, Leases (Topic 842): Targeted Improvements; ASU 2018-20, Narrow-Scope Improvements for Lessors; and ASU 2019-01, Leases: Codification Improvements on January 1, 2019, using the modified retrospective approach and utilizing the effective date as its date of initial application, for which prior periods are presented in accordance with the previous guidance in ASC 840, Leases. Topic 842 is intended to improve financial reporting about leasing transactions and the key provision impacting the Company is the requirement for a lessee to record a right-of-use asset and a liability, which represents the obligation to make lease payments for long-term operating leases. Additionally, ASU 2016-02 includes quantitative and qualitative disclosures required by lessees and lessors to help financial statement users better understand the amount, timing, and uncertainty of cash flows arising from leases. Topic 842 includes a number of optional practical expedients that entities may elect to apply. The Company adopted the practical expedients of: not reevaluating whether or not a contract contains a lease; retaining current lease classification; not reassessing initial direct costs for existing leases; and not reassessing existing land easements that were not previously accounted for as leases under current lease accounting rules. Accordingly, previously reported financial statements, including footnote disclosures, have not been recast to reflect the application of ASU 2016-02 to all comparative periods presented. The adoption of ASU 2016-02, as reflected in Note 11, did not have a material impact on the Company’s Consolidated Statements of Condition, results of operations, or cash flows. The Company adopted ASU No. 2016-01, Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities by means of a cumulative-effect adjustment as of January 1, 2018. ASU No. 2016-01 provides targeted improvements to GAAP including, amongst other improvements, the requirement for equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income, thus eliminating eligibility for the available-for-sale category. FHLB stock, however, is not in the scope of ASU No. 2016-01 and will continue to be presented at historical cost. Upon adoption, an immaterial amount of unrealized losses related to the in-scope equity securities was reclassified from other comprehensive loss to retained earnings in 2018 and equity investments were reclassified from securities available for sale to other assets with their related market value changes reflected in earnings. The Company adopted ASU No. 2014-09, Revenue from Contracts with Customers and its amendments which established ASC Topic 606, Revenue from Contracts with Customers, on January 1, 2018 using the modified retrospective approach. In summary, the core principle of ASC Topic 606 is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The Company’s revenue streams that are covered by ASC Topic 606 are primarily fees earned in connection with performing services for our customers such as investment advisor fees, wire transfer fees, and bounced check fees. Such fees are either satisfied over time if the service is performed over a period of time (as with investment advisor fees or safe deposit box rental fees), or satisfied at a point in time (as with wire transfer fees and bounced check fees). The Company recognizes fees for services performed over the time period to which the fees relate. The Company recognizes fees earned at a point in time on the day the fee is earned. The modified retrospective approach includes presenting the cumulative effect of initial application, if any, along with supplementary disclosures, if any. The Company did not record a cumulative effect adjustment upon adoption of the standard. Recently Issued Accounting Standards In January 2017, the FASB issued ASU No. 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. ASU No. 2017-04 eliminates the second step of the goodwill impairment test which requires an entity to determine the implied fair value of the reporting unit’s goodwill. Instead, an entity will recognize an impairment loss if the carrying value of the net assets assigned to the reporting unit exceeds the fair value of the reporting unit, with the impairment loss not to exceed the amount of goodwill recorded. ASU No. 2017-04 does not amend the optional qualitative assessment of goodwill impairment. The Company plans to adopt ASU No. 2017-04 prospectively beginning January 1, 2020 and the impact of its adoption on the Company’s Consolidated Statements of Condition, results of operations, or cash flows will be dependent upon goodwill impairment determinations made after that date. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. ASU No. 2016-13 amends guidance on reporting credit losses for assets held on an amortized cost basis and available-for-sale debt securities. For assets held at amortized cost, ASU No. 2016-13 eliminates the probable initial recognition threshold in current GAAP and, instead, requires an entity to reflect its current estimate of all expected credit losses. Current GAAP requires an “incurred loss” methodology for recognizing credit losses that delays recognition until it is probable a loss has been incurred. The amendments in ASU No. 2016-13 replace the incurred loss impairment methodology in current GAAP with a methodology that reflects the measurement of expected credit losses based on relevant information about past events, including historical loss experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amounts. The allowance for credit losses is a valuation account that is deducted from the amortized cost basis of the financial assets to present the net amount expected to be collected. For available-for-sale debt securities, credit losses should be measured in a manner similar to current GAAP; however, ASU No. 2016-13 will require that credit losses be presented as an allowance rather than as a write-down. The amendments affect loans, debt securities, trade receivables, net investments in leases, off-balance sheet credit exposures, reinsurance receivables, and any other financial assets not excluded from the scope that have the contractual right to receive cash. The Company will adopt ASU No. 2016-13 as of January 1, 2020 on a modified retrospective basis with a cumulative-effect adjustment to retained earnings as of the adoption date. However, a prospective transition approach is required for debt securities for which an OTTI had been recognized before the effective date. The effect of a prospective transition approach is to maintain the same amortized cost basis before and after the effective date of ASU No. 2016-13. Amounts previously recognized in accumulated other comprehensive income (loss) as of the date of adoption that relate to improvements in cash flows expected to be collected will continue to be accreted into income over the remaining life of the asset. Recoveries of amounts previously written off relating to improvements in cash flows after the date of adoption will be recorded in earnings when received. Financial assets for which the guidance in Subtopic 310-30, Receivables—Loans and Debt Securities Acquired with Deteriorated Credit Quality (“PCD assets”), has previously been applied, will prospectively apply the guidance in ASU No. 2016-13 for PCD assets. A prospective transition approach will be used for PCD assets where upon adoption, the amortized cost basis will be adjusted to reflect the addition of the allowance for credit losses. This transition relief will avoid the need for a reporting entity to reassess its purchased financial assets that exist as of the date of adoption to determine whether it would have met at acquisition the new criteria of more-than insignificant credit deterioration since origination. The transition relief also will allow an entity to accrete the remaining noncredit discount (based on the revised amortized cost basis) into interest income at the effective interest rate at the adoption date of ASU No. 2016-13. The same transition requirements are be applied to beneficial interests that previously applied Subtopic 310-30 or have a significant difference between contractual cash flows and expected cash flows. The Company is evaluating ASU No. 2016-13 and has a working group with multiple members from applicable departments to evaluate the requirements of the new standard, plan for loss modeling requirements consistent with lifetime expected loss estimates, and assess the impact it will have on current processes. This evaluation includes a review of existing credit models to identify areas where existing credit models used to comply with other regulatory requirements may be leveraged and areas where new models may be required. The adoption of ASU No. 2016-13 could have a material effect on the Company’s Consolidated Statements of Condition and results of operations. The extent of the impact upon adoption will likely depend on the characteristics of the Company’s loan portfolio and economic conditions at that date, as well as forecasted conditions thereafter. In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement. The purpose of ASU 2018-13 is to improve the effectiveness of disclosures in the notes to financial statements by facilitating clear communication of the information required by GAAP that is most important to users of each entity’s financial statements. The amendments in ASU 2018-13 are effective for the Company as of January 1, 2020. Early adoption is permitted and an entity is permitted to early adopt any removed or modified disclosures upon issuance of the ASU and delay adoption of the additional disclosures until their effective date. The amendments removed the disclosure requirements for transfers between Levels 1 and 2 of the fair value hierarchy, the disclosure of the policy for timing of transfers between levels of the fair value hierarchy, and the disclosure of the valuation processes for Level 3 fair value measurements. Additionally, the amendments modified the disclosure requirements for investments in certain entities that calculate net asset value and measurement uncertainty. Finally, the amendments added disclosure requirements for the changes in unrealized gains and losses included in other comprehensive income for recurring Level 3 fair value measurements and the range and weighted average of significant unobservable inputs used to develop Level 3 measurements. The amendments on changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements and the narrative description of measurement uncertainty should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other amendments should be applied retrospectively to all periods presented upon their effective date. The adoption of ASU 2018-13 is not expected to have a material effect on the Company’s Consolidated Statements of Condition, results of operations, or cash flows.

Computation of Earnings per C_2

Computation of Earnings per Common Share (Tables)	3 Months Ended
	Mar. 31, 2019
Computation of Basic and Diluted EPS	The following table presents the Company’s computation of basic and diluted EPS for the periods indicated: Three Months Ended March 31, (in thousands, except share and per share amounts) 2019 2018 Net income available to common shareholders $ 89,370 $ 98,345 Less: Dividends paid on and earnings allocated to participating securities (1,119 ) (900 ) Earnings applicable to common stock $ 88,251 $ 97,445 Weighted average common shares outstanding 465,493,702 488,140,102 Basic earnings per common share $ 0.19 $ 0.20 Earnings applicable to common stock $ 88,251 $ 97,445 Weighted average common shares outstanding 465,493,702 488,140,102 Potential dilutive common shares — — Total shares for diluted earnings per common share computation 465,493,702 488,140,102 Diluted earnings per common share and common share equivalents $ 0.19 $ 0.20

Reclassifications Out of Accu_2

Reclassifications Out of Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Mar. 31, 2019
Reclassifications Out of Accumulated Other Comprehensive Loss	(in thousands) For the Three Months Ended March 31, 2019 Details about Accumulated Other Comprehensive Loss Amount Reclassified out of Accumulated Other Comprehensive Loss (1) Affected Line Item in the Consolidated Statements of Operations and Comprehensive Income Unrealized losses on available-for-sale securities $ 5,409 Net (loss) gain on securities (1,517 ) Income tax benefit $ 3,892 Net (loss) gain on securities, net of tax Amortization of defined benefit pension plan items: Past service liability $ 62 Included in the computation of net periodic credit (2) Actuarial losses (2,540 ) Included in the computation of net periodic credit (2) (2,478 ) Total before tax 695 Income tax benefit $ (1,783 ) Amortization of defined benefit pension plan items, net of tax Total reclassifications for the period $ 2,109 (1) Amounts in parentheses indicate expense items. (2) See Note 8, “Pension and Other Post-Retirement Benefits,” for additional information.

Securities (Tables)

Securities (Tables)	3 Months Ended
	Mar. 31, 2019
Summary of Portfolio of Securities Available for Sale	The following tables summarize the Company’s portfolio of debt securities available for sale and equity investments with readily determinable fair values at March 31, 2019 and December 31, 2018: March 31, 2019 (in thousands) Amortized Cost Gross Unrealized Gain Gross Unrealized Loss Fair Value Debt securities available-for-sale Mortgage-Related Debt Securities: GSE certificates $ 1,380,756 $ 21,538 $ 6,663 $ 1,395,631 GSE CMOs 1,447,677 11,479 4,027 1,455,129 Total mortgage-related debt securities $ 2,828,433 $ 33,017 $ 10,690 $ 2,850,760 Other Debt Securities: U. S. Treasury obligations $ 29,659 $ 3 $ — $ 29,662 GSE debentures 1,478,777 5,211 1,615 1,482,373 Asset-backed securities (1) 386,085 346 1,757 384,674 Municipal bonds 68,277 423 1,502 67,198 Corporate bonds 859,644 9,292 8,881 860,055 Capital trust notes 48,291 6,614 4,983 49,922 Total other debt securities $ 2,870,733 $ 21,889 $ 18,738 $ 2,873,884 Total other securities available for sale (2) $ 5,699,166 $ 54,906 $ 29,428 $ 5,724,644 Equity securities: Preferred stock 15,292 — 145 15,147 Mutual funds and common stock (3) 16,870 481 370 16,981 Total equity securities $ 32,162 $ 481 $ 515 $ 32,128 Total securities $ 5,731,328 $ 55,387 $ 29,943 $ 5,756,772 (1) The underlying assets of the asset-backed securities are substantially guaranteed by the U.S. Government. (2) The amortized cost includes the non-credit portion of OTTI recorded in AOCL. At March 31, 2019, the non-credit portion of OTTI recorded in AOCL was $ 8.6 (3) Primarily consists of mutual funds that are CRA-qualified investments. December 31, 2018 (in thousands) Amortized Cost Gross Unrealized Gain Gross Unrealized Loss Fair Value Debt securities available-for-sale Mortgage-Related Debt Securities: GSE certificates $ 1,705,336 $ 18,146 $ 15,961 $ 1,707,521 GSE CMOs 1,248,621 8,380 4,240 1,252,761 Total mortgage-related debt securities $ 2,953,957 $ 26,526 $ 20,201 $ 2,960,282 Other Debt Securities: GSE debentures $ 1,334,549 $ 3,366 $ 8,988 $ 1,328,927 Asset-backed securities (1) 386,768 784 430 387,122 Municipal bonds 68,551 195 2,563 66,183 Corporate bonds 836,153 8,667 23,105 821,715 Capital trust notes 48,278 6,435 5,422 49,291 Total other debt securities $ 2,674,299 $ 19,447 $ 40,508 $ 2,653,238 Total other securities available for sale (2) $ 5,628,256 $ 45,973 $ 60,709 $ 5,613,520 Equity securities: Preferred stock 15,292 — 1,446 13,846 Mutual funds and common stock (3) 16,870 366 531 16,705 Total equity securities $ 32,162 $ 366 $ 1,977 $ 30,551 Total securities $ 5,660,418 $ 46,339 $ 62,686 $ 5,644,071 (1) The underlying assets of the asset-backed securities are substantially guaranteed by the U.S. Government. (2) The amortized cost includes the non-credit portion of OTTI recorded in AOCL. At December 31, 2018, the non-credit portion of OTTI recorded in AOCL was $ 8.6 (3) Primarily consists of mutual funds that are CRA-qualified investments.
Summary of Gross Proceeds and Gross Realized Gains and Losses from Sale of Available-for-Sale Securities	For the Three Months Ended March 31, (in thousands) 2019 2018 Gross proceeds $ 272,849 — Gross realized gains 5,409 —
Credit Loss Component of Other Than Temporary Impairment on Debt Securities	(in thousands) For the Three Months Ended March 31, 2019 Beginning credit loss amount as of December 31, 2018 $ 196,187 Add: Initial other-than-temporary credit losses — Subsequent other-than-temporary credit losses — Amount previously recognized in AOCL — Less: Realized losses for securities sold — Securities intended or required to be sold — Increase in cash flows on debt securities 19 Ending credit loss amount as of March 31, 2019 $ 196,168
Summary of Amortized Cost of Available-for-Sale Securities by Contractual Maturity	The following table summarizes, by contractual maturity, the amortized cost of securities at March 31, 2019: Mortgage- Related Securities Average Yield U.S. Government and GSE Obligations Average Yield State, County, and Municipal Average Yield (1) Other Debt Securities (2) Average Yield Fair Value (dollars in thousands) Available-for-Sale Debt Securities: Due within one year $ — — % $ 29,659 2.45 % $ 149 6.59 % $ — — % $ 29,815 Due from one to five years 797,756 3.33 32,874 3.48 146 6.66 92,939 3.79 941,396 Due from five to ten years 325,241 3.46 1,232,053 3.44 10,974 3.79 767,143 4.42 2,345,797 Due after ten years 1,705,436 3.23 213,850 3.57 57,008 2.71 433,938 3.39 2,407,636 Total debt securities available for sale $ 2,828,433 3.28 % $ 1,508,436 3.44 % $ 68,277 2.90 % $ 1,294,020 4.03 % $ 5,724,644 (1) Not presented on a tax-equivalent basis. (2) Includes corporate bonds, capital trust notes, and asset-backed securities.
Summary of Held-to-Maturity and Available-for-Sale Securities having Continuous Unrealized Loss Position	The following table presents securities having a continuous unrealized loss position for less than twelve months and for twelve months or longer as of March 31, 2019: Less than Twelve Months Twelve Months or Longer Total (in thousands) Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Temporarily Impaired Securities: U. S. Government agency and GSE obligations $ 218,933 $ 1,171 $ 127,748 $ 444 $ 346,681 $ 1,615 GSE certificates — — 440,027 6,663 440,027 6,663 GSE CMOs 428,352 1,894 146,100 2,133 574,452 4,027 Asset-backed securities 237,208 1,757 — — 237,208 1,757 Municipal bonds — — 49,612 1,502 49,612 1,502 Corporate bonds 701,445 8,881 — — 701,445 8,881 Capital trust notes — — 38,811 4,983 38,811 4,983 Equity securities 15,147 145 11,435 370 26,582 515 Total temporarily impaired securities $ 1,601,085 $ 13,848 $ 813,733 $ 16,095 $ 2,414,818 $ 29,943 The following table presents securities having a continuous unrealized loss position for less than twelve months and for twelve months or longer as of December 31, 2018: Less than Twelve Months Twelve Months or Longer Total (in thousands) Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Temporarily Impaired Securities: U. S. Government agency and GSE obligations $ 276,113 $ 2,629 $ 329,372 $ 6,359 $ 605,485 $ 8,988 GSE certificates 576,970 10,598 232,969 5,363 809,939 15,961 GSE CMOs 465,779 1,892 99,050 2,348 564,829 4,240 Asset-backed securities 69,166 430 — — 69,166 430 Municipal bonds 5,876 21 48,837 2,542 54,713 2,563 Corporate bonds 642,843 23,105 — — 642,843 23,105 Capital trust notes — — 38,360 5,422 38,360 5,422 Equity securities 17,836 1,464 11,293 513 29,129 1,977 Total temporarily impaired securities $ 2,054,583 $ 40,139 $ 759,881 $ 22,547 $ 2,814,464 $ 62,686

Loans and Leases (Tables)

Loans and Leases (Tables)	3 Months Ended
	Mar. 31, 2019
Composition of Loan and Lease Portfolio	The following table sets forth the composition of the loan and lease portfolio at the dates indicated: March 31, 2019 December 31, 2018 (dollars in thousands) Amount Percent of Loans Held for Investment Amount Percent of Loans Held for Investment Loans and Leases Held for Investment: Mortgage Loans: Multi-family $ 29,932,829 73.92 % $ 29,883,919 74.46 % Commercial real estate 7,079,241 17.49 6,998,834 17.44 One-to-four family 435,686 1.08 446,094 1.11 Acquisition, development, and construction 326,634 0.81 407,870 1.02 Total mortgage loans held for investment 37,774,390 93.30 $ 37,736,717 94.03 Other Loans: Commercial and industrial 1,764,169 4.36 1,705,308 4.25 Lease financing, net of unearned income of $ 74,451 53,891 (1) 940,895 2.32 683,112 1.70 Total commercial and industrial loans (2) 2,705,064 6.68 2,388,420 5.95 Other 7,976 0.02 8,724 0.02 Total other loans held for investment 2,713,040 6.70 2,397,144 5.97 Total loans and leases held for investment $ 40,487,430 100.00 % $ 40,133,861 100.00 % Net deferred loan origination costs 38,589 32,047 Allowance for losses (156,636 ) (159,820 ) Total loans and leases, net $ 40,369,383 $ 40,006,088 (1) The payments on these leases are generally received ratably over future years. Approximately 41 (2) Includes specialty finance loans and leases of $ 2.2 1.9 477.5 469.9
Quality of Non-Covered Loans	The following table presents information regarding the quality of the Company’s loans held for investment at March 31, 2019: (in thousands) Loans 30-89 Days Past Due Non- Accrual Loans Loans 90 Days or More Delinquent and Still Accruing Interest Total Past Due Loans Current Loans Total Loans Receivable Multi-family $ 2,359 $ 4,070 $ — $ 6,429 $ 29,926,400 $ 29,932,829 Commercial real estate 3,278 3,007 — 6,285 7,072,956 7,079,241 One-to-four family 9 1,637 — 1,646 434,040 435,686 Acquisition, development, and construction 6,608 — — 6,608 320,026 326,634 Commercial and industrial (1) (2) 231 49,851 — 50,082 2,654,982 2,705,064 Other 45 9 — 54 7,922 7,976 Total $ 12,530 $ 58,574 $ — $ 71,104 $ 40,416,326 $ 40,487,430 (1) Includes $ 33.8 (2) Includes lease financing receivables, all of which were current. The following table presents information regarding the quality of the Company’s loans held for investment at December 31, 2018: (in thousands) Loans 30-89 Days Past Due Non- Accrual Loans Loans 90 Days or More Delinquent and Still Accruing Interest Total Past Due Loans Current Loans Total Loans Receivable Multi-family $ — $ 4,220 $ — $ 4,220 $ 29,879,699 $ 29,883,919 Commercial real estate — 3,021 — 3,021 6,995,813 6,998,834 One-to-four family 9 1,651 — 1,660 444,434 446,094 Acquisition, development, and construction — — — — 407,870 407,870 Commercial and industrial (1) (2) 530 36,608 — 37,138 2,351,282 2,388,420 Other 25 6 — 31 8,693 8,724 Total $ 564 $ 45,506 $ — $ 46,070 $ 40,087,791 $ 40,133,861 (1) Includes $ 530,000 35.5 (2) Includes lease financing receivables, all of which were current.
Non-Covered Loan Portfolio by Credit Quality Indicator	The following table summarizes the Company’s portfolio of loans held for investment by credit quality indicator at March 31, 2019: Mortgage Loans Other Loans (in thousands) Multi- Family Commercial Real Estate One-to- Four Family Acquisition, Development, and Construction Total Mortgage Loans Commercial and Industrial (1) Other Total Other Loans Credit Quality Indicator: Pass $ 29,671,752 $ 6,944,249 $ 432,380 $ 276,666 $ 37,325,047 $ 2,628,058 $ 7,717 $ 2,635,775 Special mention 232,295 63,529 1,669 36,825 334,318 3,722 — 3,722 Substandard 28,782 71,463 1,637 13,143 115,025 73,284 259 73,543 Doubtful — — — — — — — — Total $ 29,932,829 $ 7,079,241 $ 435,686 $ 326,634 $ 37,774,390 $ 2,705,064 $ 7,976 $ 2,713,040 (1) Includes lease financing receivables, all of which were classified as Pass. The following table summarizes the Company’s portfolio of loans held for investment by credit quality indicator at December 31, 2018: Mortgage Loans Other Loans (in thousands) Multi- Family Commercial Real Estate One-to- Four Family Acquisition, Development, and Construction Total Mortgage Loans Commercial and Industrial (1) Other Total Other Loans Credit Quality Indicator: Pass $ 29,548,242 $ 6,880,105 $ 444,443 $ 319,001 $ 37,191,791 $ 2,306,563 $ 8,469 $ 2,315,032 Special mention 312,025 90,653 — 73,964 476,642 19,751 — 19,751 Substandard 23,652 28,076 1,651 14,905 68,284 62,106 255 62,361 Doubtful — — — — — — — — Total $ 29,883,919 $ 6,998,834 $ 446,094 $ 407,870 $ 37,736,717 $ 2,388,420 $ 8,724 $ 2,397,144 (1) Includes lease financing receivables, all of which were classified as Pass.
Information Regarding Troubled Debt Restructurings	The following table presents information regarding the Company’s TDRs as of March 31, 2019 and December 31, 2018: March 31, 2019 December 31, 2018 (in thousands) Accruing Non-Accrual Total Accruing Non-Accrual Total Loan Category: Multi-family $ — $ 4,070 $ 4,070 $ — $ 4,220 $ 4,220 Commercial real estate — — — — — — One-to-four family — 1,012 1,012 — 1,022 1,022 Acquisition, development, and construction 6,535 — 6,535 8,297 — 8,297 Commercial and industrial 865 22,117 22,982 865 20,477 21,342 Total $ 7,400 $ 27,199 34,599 $ 9,162 $ 25,719 $ 34,881
Financial Effects of Troubled Debt Restructurings	The financial effects of the Company’s TDRs for the three months ended March 31, 2019 and 2018 are summarized as follows: For the Three Months Ended March 31, 2019 (dollars in thousands) Weighted Average Interest Rate Number of Loans Pre-Modification Recorded Investment Post-Modification Recorded Investment Pre- Modification Post- Modification Charge-off Amount Capitalized Interest Loan Category: Commercial and industrial 15 $ 4.194 $ 3,088 3.26 % 2.98 % $ 1,106 $ — For the Three Months Ended March 31, 2018 (dollars in thousands) Weighted Average Interest Rate Number of Loans Pre-Modification Recorded Investment Post-Modification Recorded Investment Pre- Modification Post- Modification Charge-off Amount Capitalized Interest Loan Category: Acquisition, development, and construction 1 $ 900 $ 900 4.50 % 4.50 % $ — $ — Commercial and industrial 6 3,166 1,754 3.28 3.21 1,318 — Total 7 $ 4,066 $ 2,654 $ 1,318 $ —

Allowance for Loan Losses (Tabl

Allowance for Loan Losses (Tables)	3 Months Ended
	Mar. 31, 2019
Activity in Allowance for Loan Losses	The following tables provide additional information regarding the Company’s allowance for loan losses based upon the method of evaluating loan impairment: (in thousands) Mortgage Other Total Allowances for Loan Losses at March 31, 2019: Loans individually evaluated for impairment $ — $ 709 $ 709 Loans collectively evaluated for impairment 128,766 27,161 155,927 Total $ 128,766 $ 27,870 $ 156,636 (in thousands) Mortgage Other Total Allowances for Loan Losses at December 31, 2018: Loans collectively evaluated for impairment $ 130,983 $ 28,837 $ 159,820
Additional Information Regarding Methods Used to Evaluate Loan Portfolio for Impairment	The following tables provide additional information regarding the methods used to evaluate the Company’s loan portfolio for impairment: (in thousands) Mortgage Other Total Loans Receivable at March 31, 2019: Loans individually evaluated for impairment $ 13,873 $ 49,739 $ 63,612 Loans collectively evaluated for impairment 37,760,517 2,663,301 40,423,818 Total $ 37,774,390 $ 2,713,040 $ 40,487,430 (in thousands) Mortgage Other Total Loans Receivable at December 31, 2018: Loans individually evaluated for impairment $ 15,794 $ 36,375 $ 52,169 Loans collectively evaluated for impairment 37,720,923 2,360,769 40,081,692 Total $ 37,736,717 $ 2,397,144 $ 40,133,861
Additional Information Regarding Impaired Non-Covered Loans	The following table presents additional information about the Company’s impaired loans at March 31, 2019: (in thousands) Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized Impaired loans with no related allowance: Multi-family $ 4,070 $ 7,075 $ — $ 4,145 $ 57 Commercial real estate 2,256 7,370 — 2,256 — One-to-four family 1,012 1,066 — 1,017 6 Acquisition, development, and construction 6,535 7,435 — 7,415 144 Other 34,739 99,775 — 35,557 699 Total impaired loans with no related allowance $ 48,612 $ 122,721 $ — $ 50,390 $ 906 Impaired loans with an allowance recorded: Multi-family $ — $ — $ — $ — $ — Commercial real estate — — — — — One-to-four family — — — — — Acquisition, development, and construction — — — — — Other 15,000 15,000 709 15,000 75 Total impaired loans with an allowance recorded $ 15,000 $ 15,000 $ 709 $ 15,000 $ 75 Total impaired loans: Multi-family $ 4,070 $ 7,075 $ — $ 4,145 $ 57 Commercial real estate 2,256 7,370 — 2,256 — One-to-four family 1,012 1,066 — 1,017 6 Acquisition, development, and construction 6,535 7,435 — 7,415 144 Other 49,739 114,775 709 50,057 774 Total impaired loans $ 63,612 $ 137,721 $ 709 $ 65,390 $ 981 The following table presents additional information about the Company’s impaired loans at December 31, 2018: (in thousands) Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized Impaired loans with no related allowance: Multi-family $ 4,220 $ 7,168 $ — $ 6,114 $ 340 Commercial real estate 2,256 7,371 — 3,234 — One-to-four family 1,022 1,076 — 1,576 26 Acquisition, development, and construction 8,296 9,197 — 9,238 590 Other 36,375 101,701 — 42,984 3,057 Total impaired loans with no related allowance $ 52,169 $ 126,513 $ — $ 63,146 $ 4,013 Impaired loans with an allowance recorded: Multi-family $ — $ — $ — $ — $ — Commercial real estate — — — — — One-to-four family — — — — — Acquisition, development, and construction — — — — — Other — — — 20 — Total impaired loans with an allowance recorded $ — $ — $ — $ 20 $ — Total impaired loans: Multi-family $ 4,220 $ 7,168 $ — $ 6,114 $ 340 Commercial real estate 2,256 7,371 — 3,234 — One-to-four family 1,022 1,076 — 1,576 26 Acquisition, development, and construction 8,296 9,197 — 9,238 590 Other 36,375 101,701 — 43,004 3,057 Total impaired loans $ 52,169 $ 126,513 $ — $ 63,166 $ 4,013
Non-Covered Loans
Activity in Allowance for Loan Losses	The following table summarizes activity in the allowance for loan losses for the periods indicated: For the Three Months Ended March 31, 2019 2018 (in thousands) Mortgage Other Total Mortgage Other Total Balance, beginning of period $ 130,983 $ 28,837 $ 159,820 $ 128,275 $ 29,771 $ 158,046 Charge-offs — (2,079 ) (2,079 ) (5,411 ) (1,580 ) (6,991 ) Recoveries 7 110 117 110 404 514 (Recovery of) provision for loan losses (2,224 ) 1,002 (1,222 ) 6,161 3,410 9,571 Balance, end of period $ 128,766 $ 27,870 $ 156,636 $ 129,135 $ 32,005 $ 161,140

Borrowed Funds (Tables)

Borrowed Funds (Tables)	3 Months Ended
	Mar. 31, 2019
Summary of Borrowed Funds	The following table summarizes the Company’s borrowed funds at the dates indicated: (in thousands) March 31, 2019 December 31, 2018 Wholesale Borrowings: FHLB advances $ 11,803,661 $ 13,053,661 Repurchase agreements 800,000 500,000 Total wholesale borrowings $ 12,603,661 $ 13,553,661 Junior subordinated debentures 359,594 359,508 Subordinated notes 294,655 294,697 Total borrowed funds $ 13,257,910 $ 14,207,866
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, 2019: 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
Junior Subordinated Debentures Outstanding	The following junior subordinated debentures were outstanding at March 31, 2019: 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 SM 6.000 % $ 145,668 $ 139,317 Nov. 4, 2002 Nov. 1, 2051 Nov. 4, 2007 (1) New York Community Capital Trust X 4.202 123,712 120,000 Dec. 14, 2006 Dec. 15, 2036 Dec. 15, 2011 (2) PennFed Capital Trust III 5.861 30,928 30,000 June 2, 2003 June 15, 2033 June 15, 2008 (2) New York Community Capital Trust XI 4.242 59,286 57,500 April 16, 2007 June 30, 2037 June 30, 2012 (2) Total junior subordinated debentures $ 359,594 $ 346,817 (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.

Pension and Other Post-Retire_2

Pension and Other Post-Retirement Benefits (Tables)	3 Months Ended
	Mar. 31, 2019
Pension and Post-Retirement Plans	The following table sets forth certain disclosures for the Company’s pension and post-retirement plans for the periods indicated: For the Three Months Ended March 31, 2019 2018 (in thousands) Pension Benefits Post- Retirement Benefits Pension Benefits Post- Retirement Benefits Components of net periodic (credit) expense: (1) Interest cost $ 1,415 $ 128 $ 1,271 $ 128 Expected return on plan assets (3,483 ) — (4,035 ) — Amortization of prior-service costs — (62 ) — (62 ) Amortization of net actuarial loss 2,509 31 1,795 76 Net periodic (credit) expense $ 441 $ 97 $ (969 ) $ 142 (1) Amounts are included in G&A expense on the Consolidated Statements of Income and Comprehensive Income.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2019
Summary of Activity for Restricted Stock Awards	The following table provides a summary of activity with regard to restricted stock awards in the three months ended March 31, 2019: Number of Shares Weighted Average Grant Date Fair Value Unvested at beginning of year 6,904,388 $ 14.74 Granted 1,743,240 10.32 Vested (2,038,655 ) 15.25 Canceled (89,500 ) 12.90 Unvested at end of period 6,519,473 13.43

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2019
Assets and Liabilities Measured at Fair Value on Recurring Basis	The following tables present assets and liabilities that were measured at fair value on a recurring basis as of March 31, 2019 and December 31, 2018, and that were included in the Company’s Consolidated Statements of Condition at those dates: Fair Value Measurements at March 31, 2019 (in thousands) Quoted Prices Significant Significant Netting Total Assets: Mortgage-Related Debt Securities Available for Sale: GSE certificates $ — $ 1,395,631 $ — $ — $ 1,395,631 GSE CMOs — 1,455,129 — — 1,455,129 Total mortgage-related debt securities $ — $ 2,850,760 $ — $ — $ 2,850,760 Other Debt Securities Available for Sale: U. S. Treasury obligations $ 29,662 $ — $ — $ — $ 29,662 GSE debentures — 1,482,373 — — 1,482,373 Asset-backed securities — 384,674 — — 384,674 Municipal bonds — 67,198 — — 67,198 Corporate bonds — 860,055 — — 860,055 Capital trust notes — 49,922 — — 49,922 Total other debt securities $ 29,662 $ 2,844,222 $ — $ — $ 2,873,884 Total debt securities available for sale $ 29,662 $ 5,694,982 $ — $ — $ 5,724,644 Equity securities: Preferred stock $ 15,147 $ — $ — $ — $ 15,147 Mutual funds and common stock — 16,981 — — 16,981 Total equity securities $ 15,147 $ 16,981 $ — $ — $ 32,128 Total securities $ 44,809 $ 5,711,963 $ — $ — $ 5,756,772 Liabilities: Derivative liabilities $ — $ — $ — $ — $ — Fair Value Measurements at December 31, 2018 (in thousands) Quoted Prices Significant Significant Netting Total Fair Assets: Mortgage-Related Debt Securities Available for Sale: GSE certificates $ — $ 1,707,521 $ — $ — $ 1,707,521 GSE CMOs — 1,252,761 — — 1,252,761 Total mortgage-related debt securities $ — $ 2,960,282 $ — $ — $ 2,960,282 Other Debt Securities Available for Sale: GSE debentures $ — $ 1,328,927 $ — $ — $ 1,328,927 Asset-backed securities — 387,122 — — 387,122 Municipal bonds — 66,183 — — 66,183 Corporate bonds — 821,715 — — 821,715 Capital trust notes — 49,291 — — 49,291 Total other debt securities $ — $ 2,653,238 $ — $ — $ 2,653,238 Total debt securities available for sale $ — $ 5,613,520 $ — $ — $ 5,613,520 Equity securities: Preferred stock $ 13,846 $ — $ — $ — $ 13,846 Mutual funds and common stock — 16,705 — — 16,705 Total equity securities $ 13,846 $ 16,705 $ — $ — $ 30,551 Total securities $ 13,846 $ 5,630,225 $ — $ — $ 5,644,071
Summary of Carrying Values, Estimated Fair Values and Fair Value Measurement Levels of Financial Instruments	The following tables present assets and liabilities that were measured at fair value on a non-recurring basis as of March 31, 2019 and December 31, 2018, and that were included in the Company’s Consolidated Statements of Condition at those dates: Fair Value Measurements at March 31, 2019 Using (in thousands) Quoted Prices in Significant Other Significant Total Fair Certain impaired loans (1) $ — $ — $ 37,587 $ 37,587 Other assets (2) — — — — Total $ — $ — $ 37,587 $ 37,587 (1) Represents the fair value of impaired loans, based on the value of the collateral. (2) Represents the fair value of repossessed assets, based on the appraised value of the collateral subsequent to its initial classification as repossessed assets. Fair Value Measurements at December 31, 2018 Using (in thousands) Quoted Prices in Significant Other Significant Total Fair Certain impaired loans (1) $ — $ — $ 38,213 $ 38,213 Other assets (2) — — 1,265 1,265 Total $ — $ — $ 39,478 $ 39,478 (1) Represents the fair value of impaired loans, based on the value of the collateral. (2) Represents the fair value of repossessed assets, based on the appraised value of the collateral subsequent to its initial classification as repossessed assets.
Assets and Liabilities Measured at Fair Value on Non-Recurring Basis	The following tables summarize the carrying values, estimated fair values, and fair value measurement levels of financial instruments that were not carried at fair value on the Company’s Consolidated Statements of Condition at March 31, 2019 and December 31, 2018: March 31, 2019 Fair Value Measurement Using (in thousands) Carrying Estimated Quoted Prices in Significant Significant Financial Assets: Cash and cash equivalents $ 990,019 $ 990,019 $ 990,019 $ — $ — FHLB stock (1) 588,197 588,197 — 588,197 — Loans, net 40,369,383 40,257,098 — — 40,257,098 Financial Liabilities: Deposits 31,601,125 31,617,404 18,833,346 (2) $ 12,784,058 (3) $ — Borrowed funds 13,257,910 13,282,486 — 13,282,486 — (1) Carrying value and estimated fair value are at cost. (2) Interest-bearing checking and money market accounts, savings accounts, and non-interest-bearing accounts. (3) Certificates of deposit. December 31, 2018 Fair Value Measurement Using (in thousands) Carrying Estimated Quoted Prices in Significant Significant Financial Assets: Cash and cash equivalents $ 1,474,955 $ 1,474,955 $ 1,474,955 $ — $ — FHLB stock (1) 644,590 644,590 — 644,590 — Loans, net 40,006,088 39,461,985 — — 39,461,985 Financial Liabilities: Deposits $ 30,764,430 $ 30,748,729 $ 18,570,108 (2) $ 12,178,621 (3) $ — Borrowed funds 14,207,866 14,136,526 — 14,136,526 — (1) Carrying value and estimated fair value are at cost. (2) Interest-bearing checking and money market accounts, savings accounts, and non-interest-bearing accounts. (3) Certificates of deposit.

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2019
Lease Expense	(in thousands) For the Components of Lease Expense: Operating lease cost $ 7,348 Sublease income (22 ) Total lease cost $ 7,326
Supplemental Cash Flow Information Related to the Leases	Supplemental cash flow information related to the leases for the following period: (in thousands) For the Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 7,348
Supplemental Balance Sheet Information Related to Leases	Supplemental balance sheet information related to the leases for the following period: (in thousands, except lease term and discount rate) March 31, 2019 Operating Leases: Operating lease right-of-use assets $ 312,948 Operating lease liabilities 312,628 Weighted average remaining lease term 17.4 years Weighted average discount rate 3.25 %
Maturities of Lease Liabilities	Maturities of lease liabilities: (in thousands) 2019 $ 21,836 2020 28,319 2021 27,677 2022 26,971 2023 26,541 Thereafter 291,362 Total lease payments 422,706 Less: imputed interest (110,078 ) Total present value of lease liabilities $ 312,628
Projected Minimum Annual Rental Commitments	The remaining projected minimum annual rental commitments under these agreements, exclusive of taxes and other charges, are summarized as follows: (in thousands) 2019 $ 30,322 2020 23,399 2021 19,736 2022 16,552 2023 and thereafter 55,525 Total minimum future rentals $ 145,534

Derivative and Hedging Activi_2

Derivative and Hedging Activities (Tables)	3 Months Ended
	Mar. 31, 2019
Schedule of Cumulative Basis Adjustment for Fair Value Hedges	As of March 31, 2019, the following amounts were recorded on the balance sheet related to cumulative basis adjustment for fair value hedges. The Company did not have any derivative instruments of December 31, 2018: (in thousands) March 31, 2019 Line Item in the Consolidated Statement of Financial Condition in which the Hedge Item is Included Carrying Amount Cumulative Amount Total loans and leases, net (1) $ 2,018,532 $ 18,532 (1) These amounts include the amortized cost basis of closed portfolios used to designated hedging relationships in which the hedged item is the last layer expected to be remaining at the end of the hedging relationship. At March 31, 2019, the amortized cost basis of the closed portfolios used in these hedging relationships was $ 4.7 billion; the cumulative basis adjustments associated with these hedging relationships was $18.5 million; and the amount of the designated hedged items was $2.0 billion.
Company's derivative financial instruments	The following table sets forth information regarding the Company’s derivative financial instruments at March 31, 2019. The Company had no derivative financial instruments at December 31, 2018. March 31, 2019 Fair Value (in thousands) Notional Amount Other Assets Other Liabilities Derivatives designated as hedging instruments: Fair value hedge interest rate swap $ 2,000,000 $ — $ — Total derivatives designated as hedging instruments $ 2,000,000 $ — $ —
Consolidated Statements of Income and Comprehensive Income	The following table sets forth the effect of derivative instruments on the Consolidated Statements of Income and Comprehensive Income for the periods indicated: For the Three Months Ended March 31, (in thousands) 2019 2018 Derivative – interest rate swap: Interest income $ (18,532 ) $ — Hedged item – loans: Interest income $ 18,532 $ —

Organization and Basis of Pre_3

Organization and Basis of Presentation - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2019Location$ / shares	Dec. 31, 2018$ / shares	Nov. 23, 1993$ / shares
Organization and Basis Of Presentation [Line Items]
Common stock, par	$ 0.01	$ 0.01
Description of nine stock splits	($0.93 per share on a split-adjusted basis, reflecting the impact of nine stock splits between 1994 and 2004).
IPO
Organization and Basis Of Presentation [Line Items]
Shares issued, price per share			$ 25
Shares issued, price per share, split adjusted basis	$ 0.93
New York Community Bank
Organization and Basis Of Presentation [Line Items]
Number of branches | Location	240
New York Community Bank | Directly Operated Banks
Organization and Basis Of Presentation [Line Items]
Number of branches | Location	19

Computation of Basic and Dilute

Computation of Basic and Diluted EPS (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income available to common shareholders	$ 89,370	$ 98,345
Less: Dividends paid on and earnings allocated to participating securities	(1,119)	(900)
Earnings applicable to common stock	$ 88,251	$ 97,445
Weighted average common shares outstanding	465,493,702	488,140,102
Basic earnings per common share	$ 0.19	$ 0.20
Potential dilutive common shares	0	0
Total shares for diluted earnings per common share computation	465,493,702	488,140,102
Diluted earnings per common share and common share equivalents	$ 0.19	$ 0.20

Reclassifications of Accumulate

Reclassifications of Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net gain on sales of securities		$ 5,409
Income tax expense		(30,988)	$ (37,925)
Net income		97,577	$ 106,552
Reclassifications, net of tax	[1]	2,109
Past service liability
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Reclassifications, before tax	[1],[2]	62
Actuarial losses
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Reclassifications, before tax	[1],[2]	(2,540)
Amortization of defined benefit pension
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Reclassifications, before tax	[1]	(2,478)
Tax benefit	[1]	695
Reclassifications, net of tax	[1]	(1,783)
Reclassification out of Accumulated Other Comprehensive Income (loss) | Unrealized gains on available for sale securities
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net gain on sales of securities	[1]	5,409
Income tax expense	[1]	(1,517)
Net income	[1]	$ 3,892
[1]	Amounts in parentheses indicate expense items.
[2]	See Note 8, “Pension and Other Post-Retirement Benefits,” for additional information.

Summary of Portfolio of Securit

Summary of Portfolio of Securities Available for Sale (Detail) - USD ($) $ in Thousands		Mar. 31, 2019		Dec. 31, 2018
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		$ 5,731,328		$ 5,660,418
Gross Unrealized Gain		55,387		46,339
Gross Unrealized Loss		29,943		62,686
Fair Value		5,756,772		5,644,071
Mortgage-Related Securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		2,828,433		2,953,957
Gross Unrealized Gain		33,017		26,526
Gross Unrealized Loss		10,690		20,201
Fair Value		2,850,760		2,960,282
Mortgage-Related Securities | GSE certificates
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		1,380,756		1,705,336
Gross Unrealized Gain		21,538		18,146
Gross Unrealized Loss		6,663		15,961
Fair Value		1,395,631		1,707,521
Mortgage-Related Securities | GSE CMOs
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		1,447,677		1,248,621
Gross Unrealized Gain		11,479		8,380
Gross Unrealized Loss		4,027		4,240
Fair Value		1,455,129		1,252,761
Equity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		32,162		32,162
Gross Unrealized Gain		481		366
Gross Unrealized Loss		515		1,977
Fair Value		32,128		30,551
Equity Securities [Member] | Preferred stock
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		15,292		15,292
Gross Unrealized Gain		0
Gross Unrealized Loss		145		1,446
Fair Value		15,147		13,846
Equity Securities [Member] | Mutual Funds and Common Stock
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	[1]	16,870		16,870
Gross Unrealized Gain	[1]	481		366
Gross Unrealized Loss	[1]	370		531
Fair Value	[1]	16,981		16,705
Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		2,870,733		2,674,299
Gross Unrealized Gain		21,889		19,447
Gross Unrealized Loss		18,738		40,508
Fair Value		2,873,884		2,653,238
Debt Securities [Member] | U.S. Treasury obligations
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		29,659
Gross Unrealized Gain		3
Gross Unrealized Loss		0
Fair Value		29,662
Debt Securities [Member] | GSE debentures
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		1,478,777		1,334,549
Gross Unrealized Gain		5,211		3,366
Gross Unrealized Loss		1,615		8,988
Fair Value		1,482,373		1,328,927
Debt Securities [Member] | Corporate bonds
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		859,644		836,153
Gross Unrealized Gain		9,292		8,667
Gross Unrealized Loss		8,881		23,105
Fair Value		860,055		821,715
Debt Securities [Member] | Municipal bonds
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		68,277		68,551
Gross Unrealized Gain		423		195
Gross Unrealized Loss		1,502		2,563
Fair Value		67,198		66,183
Debt Securities [Member] | Capital trust notes
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		48,291		48,278
Gross Unrealized Gain		6,614		6,435
Gross Unrealized Loss		4,983		5,422
Fair Value		49,922		49,291
Debt Securities [Member] | Asset-backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	[2]	386,085		386,768
Gross Unrealized Gain	[2]	346		784
Gross Unrealized Loss	[2]	1,757		430
Fair Value	[2]	384,674		387,122
Mortgage Backed Securities And Other Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		5,699,166	[3]	5,628,256	[4]
Gross Unrealized Gain		54,906	[3]	45,973	[4]
Gross Unrealized Loss		29,428	[3]	60,709	[4]
Fair Value		$ 5,724,644	[3]	$ 5,613,520	[4]
[1]	Primarily consists of mutual funds that are CRA-qualified investments.
[2]	The underlying assets of the asset-backed securities are substantially guaranteed by the U.S. Government.
[3]	The amortized cost includes the non-credit portion of OTTI recorded in AOCL. At March 31, 2019, the non-credit portion of OTTI recorded in AOCL was $8.6 million before taxes.
[4]	The amortized cost includes the non-credit portion of OTTI recorded in AOCL. At December 31, 2018, the non-credit portion of OTTI recorded in AOCL was $8.6 million before taxes.

Summary of Portfolio of Secur_2

Summary of Portfolio of Securities Available for Sale (Parenthetical) (Detail) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Available-for-sale Securities
Schedule of Available-for-sale Securities [Line Items]
Non-credit portion of OTTI recorded in AOCL, pre-tax	$ 8.6	$ 8.6

Securities - Additional Informa

Securities - Additional Information (Detail) $ in Thousands	Mar. 31, 2019USD ($)Investment	Dec. 31, 2018USD ($)Investment
Schedule of Investments [Line Items]
Federal Home Loan Bank stock, at cost | $	$ 588,197	$ 644,590
Investment securities designated as having a continuous loss position for twelve months or more, unrealized losses | $	$ 16,100	$ 22,500
Investment securities designated as having a continuous loss position for twelve months or more, percentage below collective amortized cost	1.90%	2.90%
Investment securities designated as having a continuous loss position for twelve months or more, amortized cost | $	$ 829,800	$ 782,400
Mortgage-Related Securities
Schedule of Investments [Line Items]
Number of investment securities designated as having a continuous loss position for twelve months or more	12	9
Capital trust notes
Schedule of Investments [Line Items]
Number of investment securities designated as having a continuous loss position for twelve months or more	5	5
Municipal bonds
Schedule of Investments [Line Items]
Number of investment securities designated as having a continuous loss position for twelve months or more	3	3
Mutual Fund
Schedule of Investments [Line Items]
Number of investment securities designated as having a continuous loss position for twelve months or more	1	1
US Government agencies securities
Schedule of Investments [Line Items]
Number of investment securities designated as having a continuous loss position for twelve months or more	4	9
Collateralized mortgage obligations
Schedule of Investments [Line Items]
Number of investment securities designated as having a continuous loss position for twelve months or more	9	7

Summary of Gross Proceeds and G

Summary of Gross Proceeds and Gross Realized Gains and Losses from Sale of Available-for-Sale Securities (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Gain (Loss) on Investments [Line Items]
Gross proceeds	$ 272,849	$ 0
Gross realized gains	$ 5,409	$ 0

Credit Loss Component of Other

Credit Loss Component of Other Than Temporary Impairment on Debt Securities (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Beginning credit loss amount as of December 31, 2018	$ 196,187
Add: Initial other-than-temporary credit losses	0
Subsequent other-than-temporary credit losses	0
Amount previously recognized in AOCL	0
Less: Realized losses for securities sold	0
Securities intended or required to be sold	0
Increase in cash flows on debt securities	19
Ending credit loss amount as of March 31, 2019	$ 196,168

Summary of Amortized Cost of Av

Summary of Amortized Cost of Available-for-Sale Securities by Contractual Maturity (Detail) - USD ($) $ in Thousands		Mar. 31, 2019	Dec. 31, 2018
Available-for-Sale Securities:
Due within one year		$ 29,815
Due from one to five years		941,396
Due from five to ten years		2,345,797
Due after ten years		2,407,636
Total securities available for sale		5,724,644	$ 5,613,520
Mortgage-Related Securities
Available-for-Sale Securities:
Due within one year		0
Due from one to five years		797,756
Due from five to ten years		325,241
Due after ten years		1,705,436
Total securities available for sale		$ 2,828,433
Available-for-Sale Securities, Average Yield
Due within one year, Average Yield		8212.00%
Due from one to five years, Average Yield		3.33%
Due from five to ten years, Average Yield		3.46%
Due after ten years, Average Yield		3.23%
Total securities available for sale, Average Yield		3.28%
U.S. Treasury and GSE Obligations
Available-for-Sale Securities:
Due within one year		$ 29,659
Due from one to five years		32,874
Due from five to ten years		1,232,053
Due after ten years		213,850
Total securities available for sale		$ 1,508,436
Available-for-Sale Securities, Average Yield
Due within one year, Average Yield		2.45%
Due from one to five years, Average Yield		3.48%
Due from five to ten years, Average Yield		3.44%
Due after ten years, Average Yield		3.57%
Total securities available for sale, Average Yield		3.44%
State, county, and municipal
Available-for-Sale Securities:
Due within one year		$ 149
Due from one to five years		146
Due from five to ten years		10,974
Due after ten years		57,008
Total securities available for sale		$ 68,277
Available-for-Sale Securities, Average Yield
Due within one year, Average Yield	[1]	6.59%
Due from one to five years, Average Yield	[1]	6.66%
Due from five to ten years, Average Yield	[1]	3.79%
Due after ten years, Average Yield	[1]	2.71%
Total securities available for sale, Average Yield	[1]	2.90%
Other Debt Securities
Available-for-Sale Securities:
Due within one year	[2]	$ 0
Due from one to five years	[2]	92,939
Due from five to ten years	[2]	767,143
Due after ten years	[2]	433,938
Total securities available for sale	[2]	$ 1,294,020
Available-for-Sale Securities, Average Yield
Due within one year, Average Yield		8212.00%
Due from one to five years, Average Yield		3.79%
Due from five to ten years, Average Yield		4.42%
Due after ten years, Average Yield		3.39%
Total securities available for sale, Average Yield		4.03%
[1]	Not presented on a tax-equivalent basis.
[2]	Includes corporate bonds, capital trust notes, and asset-backed securities.

Summary of Held-to-Maturity and

Summary of Held-to-Maturity and Available-for-Sale Securities Having Continuous Unrealized Loss Position (Detail) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Debt Securities
Schedule of Investments [Line Items]
Temporarily Impaired Available-for-Sale Securities, Less than Twelve Months Fair Value	$ 1,601,085	$ 2,054,583
Temporarily Impaired Available-for-Sale Securities, Less than Twelve Months Unrealized Loss	13,848	40,139
Temporarily Impaired Available-for-Sale Securities, Twelve Months or Longer Fair Value	813,733	759,881
Temporarily Impaired Available-for-Sale Securities, Twelve Months or Longer Unrealized Loss	16,095	22,547
Temporarily Impaired Available-for-Sale Securities, Total Fair Value	2,414,818	2,814,464
Temporarily Impaired Available-for-Sale Securities, Total Unrealized Loss	29,943	62,686
Debt Securities | GSE certificates
Schedule of Investments [Line Items]
Temporarily Impaired Available-for-Sale Securities, Less than Twelve Months Fair Value	0	576,970
Temporarily Impaired Available-for-Sale Securities, Less than Twelve Months Unrealized Loss	0	10,598
Temporarily Impaired Available-for-Sale Securities, Twelve Months or Longer Fair Value	440,027	232,969
Temporarily Impaired Available-for-Sale Securities, Twelve Months or Longer Unrealized Loss	6,663	5,363
Temporarily Impaired Available-for-Sale Securities, Total Fair Value	440,027	809,939
Temporarily Impaired Available-for-Sale Securities, Total Unrealized Loss	6,663	15,961
Debt Securities | GSE CMOs
Schedule of Investments [Line Items]
Temporarily Impaired Available-for-Sale Securities, Less than Twelve Months Fair Value	428,352	465,779
Temporarily Impaired Available-for-Sale Securities, Less than Twelve Months Unrealized Loss	1,894	1,892
Temporarily Impaired Available-for-Sale Securities, Twelve Months or Longer Fair Value	146,100	99,050
Temporarily Impaired Available-for-Sale Securities, Twelve Months or Longer Unrealized Loss	2,133	2,348
Temporarily Impaired Available-for-Sale Securities, Total Fair Value	574,452	564,829
Temporarily Impaired Available-for-Sale Securities, Total Unrealized Loss	4,027	4,240
Debt Securities | U.S. Treasury obligations
Schedule of Investments [Line Items]
Temporarily Impaired Available-for-Sale Securities, Less than Twelve Months Fair Value	218,933	276,113
Temporarily Impaired Available-for-Sale Securities, Less than Twelve Months Unrealized Loss	1,171	2,629
Temporarily Impaired Available-for-Sale Securities, Twelve Months or Longer Fair Value	127,748	329,372
Temporarily Impaired Available-for-Sale Securities, Twelve Months or Longer Unrealized Loss	444	6,359
Temporarily Impaired Available-for-Sale Securities, Total Fair Value	346,681	605,485
Temporarily Impaired Available-for-Sale Securities, Total Unrealized Loss	1,615	8,988
Debt Securities | Municipal bonds
Schedule of Investments [Line Items]
Temporarily Impaired Available-for-Sale Securities, Less than Twelve Months Fair Value	0	5,876
Temporarily Impaired Available-for-Sale Securities, Less than Twelve Months Unrealized Loss	0	21
Temporarily Impaired Available-for-Sale Securities, Twelve Months or Longer Fair Value	49,612	48,837
Temporarily Impaired Available-for-Sale Securities, Twelve Months or Longer Unrealized Loss	1,502	2,542
Temporarily Impaired Available-for-Sale Securities, Total Fair Value	49,612	54,713
Temporarily Impaired Available-for-Sale Securities, Total Unrealized Loss	1,502	2,563
Debt Securities | Capital trust notes
Schedule of Investments [Line Items]
Temporarily Impaired Available-for-Sale Securities, Less than Twelve Months Fair Value	0	0
Temporarily Impaired Available-for-Sale Securities, Less than Twelve Months Unrealized Loss	0	0
Temporarily Impaired Available-for-Sale Securities, Twelve Months or Longer Fair Value	38,811	38,360
Temporarily Impaired Available-for-Sale Securities, Twelve Months or Longer Unrealized Loss	4,983	5,422
Temporarily Impaired Available-for-Sale Securities, Total Fair Value	38,811	38,360
Temporarily Impaired Available-for-Sale Securities, Total Unrealized Loss	4,983	5,422
Debt Securities | Asset-backed Securities
Schedule of Investments [Line Items]
Temporarily Impaired Available-for-Sale Securities, Less than Twelve Months Fair Value	237,208	69,166
Temporarily Impaired Available-for-Sale Securities, Less than Twelve Months Unrealized Loss	1,757	430
Temporarily Impaired Available-for-Sale Securities, Twelve Months or Longer Fair Value	0	0
Temporarily Impaired Available-for-Sale Securities, Twelve Months or Longer Unrealized Loss	0	0
Temporarily Impaired Available-for-Sale Securities, Total Fair Value	237,208	69,166
Temporarily Impaired Available-for-Sale Securities, Total Unrealized Loss	1,757	430
Debt Securities | Corporate Bond Securities
Schedule of Investments [Line Items]
Temporarily Impaired Available-for-Sale Securities, Less than Twelve Months Fair Value	701,445	642,843
Temporarily Impaired Available-for-Sale Securities, Less than Twelve Months Unrealized Loss	8,881	23,105
Temporarily Impaired Available-for-Sale Securities, Twelve Months or Longer Fair Value	0	0
Temporarily Impaired Available-for-Sale Securities, Twelve Months or Longer Unrealized Loss	0	0
Temporarily Impaired Available-for-Sale Securities, Total Fair Value	701,445	642,843
Temporarily Impaired Available-for-Sale Securities, Total Unrealized Loss	8,881	23,105
Equity securities
Schedule of Investments [Line Items]
Temporarily Impaired Available-for-Sale Securities, Less than Twelve Months Fair Value	15,147	17,836
Temporarily Impaired Available-for-Sale Securities, Less than Twelve Months Unrealized Loss	145	1,464
Temporarily Impaired Available-for-Sale Securities, Twelve Months or Longer Fair Value	11,435	11,293
Temporarily Impaired Available-for-Sale Securities, Twelve Months or Longer Unrealized Loss	370	513
Temporarily Impaired Available-for-Sale Securities, Total Fair Value	26,582	29,129
Temporarily Impaired Available-for-Sale Securities, Total Unrealized Loss	$ 515	$ 1,977

Composition of Loan and Lease P

Composition of Loan and Lease Portfolio (Detail) - USD ($) $ in Thousands		Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-Covered Loans		$ 40,487,430	$ 40,133,861
Net deferred loan origination costs		38,589	32,047
Allowance for losses		(156,636)	(159,820)	$ (161,140)	$ (158,046)
Total loans and leases, net		$ 40,369,383	$ 40,006,088
Non-Covered Loans, Percentage		100.00%	100.00%
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-Covered Loans	[1],[2]	$ 2,705,064	$ 2,388,420
Non-Covered Loans, Percentage	[2]	6.68%	5.95%
Commercial and Industrial | Other loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-Covered Loans		$ 1,764,169	$ 1,705,308
Non-Covered Loans, Percentage		4.36%	4.25%
Multi-Family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-Covered Loans		$ 29,932,829	$ 29,883,919
Non-Covered Loans, Percentage		73.92%	74.46%
Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-Covered Loans		$ 7,079,241	$ 6,998,834
Non-Covered Loans, Percentage		17.49%	17.44%
One-to-four family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-Covered Loans		$ 435,686	$ 446,094
Non-Covered Loans, Percentage		1.08%	1.11%
Acquisition, development, and construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-Covered Loans		$ 326,634	$ 407,870
Non-Covered Loans, Percentage		0.81%	1.02%
Mortgage Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-Covered Loans		$ 37,774,390	$ 37,736,717
Allowance for losses		$ (128,766)	$ (130,983)	$ (129,135)	$ (128,275)
Non-Covered Loans, Percentage		93.30%	94.03%
Lease financing, unearned income
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-Covered Loans	[3]	$ 940,895	$ 683,112
Non-Covered Loans, Percentage	[3]	2.32%	1.70%
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-Covered Loans		$ 7,976	$ 8,724
Non-Covered Loans, Percentage		0.02%	0.02%
Total Other Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-Covered Loans		$ 2,713,040	$ 2,397,144
Total Other Loans | Other loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-Covered Loans		$ 2,713,040	$ 2,397,144
Non-Covered Loans, Percentage		6.70%	5.97%
[1]	Includes lease financing receivables, all of which were classified as Pass.
[2]	Includes specialty finance loans and leases of $2.2 billion and $1.9 billion, respectively, at March 31, 2019 and December 31, 2018 and other C&I loans of $477.5 million and $469.9 million, respectively, at March 31, 2019 and December 31, 2018.
[3]	The payments on these leases are generally received ratably over future years. Approximately 41% of the payments are expected to be received over the next five years.

Composition of Loan and Lease_2

Composition of Loan and Lease Portfolio (Parenthetical) (Detail) - USD ($) $ in Thousands		Mar. 31, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-Covered Loans		$ 40,487,430	$ 40,133,861
Loans And Leases Payments to be Received Five Years Percentage		41.00%
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-Covered Loans	[1],[2]	$ 2,705,064	2,388,420
Commercial and Industrial | Other loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-Covered Loans		1,764,169	1,705,308
Lease financing, unearned income
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unearned income		74,451	53,891
Non-Covered Loans	[3]	940,895	683,112
Specialty Finance Loans | Commercial and Industrial | Other loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-Covered Loans		2,200,000	1,900,000
Other Commercial and Industrial Loans | Commercial and Industrial | Other loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-Covered Loans		$ 477,500	$ 469,900
[1]	Includes lease financing receivables, all of which were classified as Pass.
[2]	Includes specialty finance loans and leases of $2.2 billion and $1.9 billion, respectively, at March 31, 2019 and December 31, 2018 and other C&I loans of $477.5 million and $469.9 million, respectively, at March 31, 2019 and December 31, 2018.
[3]	The payments on these leases are generally received ratably over future years. Approximately 41% of the payments are expected to be received over the next five years.

Loans and Leases - Additional I

Loans and Leases - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Financing Receivable, Recorded Investment [Line Items]
Outstanding loans to Executive officers, directors, principal shareholders, related interest and parties	$ 35,000,000
Delinquent loans selectively extended to certain borrowers, rate reductions, forbearance of arrears, and extension of maturity dates		$ 2,654,000
Direct Financing Lease, Lease Income	7,300,000
Commercial and Industrial
Financing Receivable, Recorded Investment [Line Items]
Delinquent loans selectively extended to certain borrowers, rate reductions, forbearance of arrears, and extension of maturity dates	3,088,000	1,754,000
Loan classified as non accrual TDRs	566,000	$ 2,900,000
Financing Receivable Troubled Debt Restructurings Rate Reductions
Financing Receivable, Recorded Investment [Line Items]
Delinquent loans selectively extended to certain borrowers, rate reductions, forbearance of arrears, and extension of maturity dates	34,600,000
Financing Receivable Troubled Debt Restructurings Forbearance of Arrears
Financing Receivable, Recorded Investment [Line Items]
Delinquent loans selectively extended to certain borrowers, rate reductions, forbearance of arrears, and extension of maturity dates	$ 37,000

Quality of Non-Covered Loans (E

Quality of Non-Covered Loans (Excluding PCI Loans and Leases) (Detail) - USD ($)		Mar. 31, 2019		Dec. 31, 2018		Mar. 31, 2018
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-Covered Loans		$ 40,487,430,000		$ 40,133,861,000
Multi-Family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-Covered Loans		29,932,829,000		29,883,919,000
Commercial Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-Covered Loans		7,079,241,000		6,998,834,000
One-to-four family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-Covered Loans		435,686,000		446,094,000
Acquisition, development, and construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-Covered Loans		326,634,000		407,870,000
Commercial and Industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non- Accrual		566,000				$ 2,900,000
Non-Covered Loans	[2]	2,705,064,000	[1]	2,388,420,000	[3]
Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-Covered Loans		7,976,000		8,724,000
Non-Covered Loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		71,104,000		46,070,000
Non- Accrual		58,574,000		45,506,000
Current		40,416,326,000		40,087,791,000
Non-Covered Loans | Financing Receivable, 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		12,530,000		564,000
Non-Covered Loans | Multi-Family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		6,429,000		4,220,000
Non- Accrual		4,070,000		4,220,000
Current		29,926,400,000		29,879,699,000
Non-Covered Loans | Multi-Family | Financing Receivable, 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		2,359,000
Non-Covered Loans | Commercial Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		6,285,000		3,021,000
Non- Accrual		3,007,000		3,021,000
Current		7,072,956,000		6,995,813,000
Non-Covered Loans | Commercial Real Estate | Financing Receivable, 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		3,278,000
Non-Covered Loans | One-to-four family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		1,646,000		1,660,000
Non- Accrual		1,637,000		1,651,000
Current		434,040,000		444,434,000
Non-Covered Loans | One-to-four family | Financing Receivable, 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		9,000		9,000
Non-Covered Loans | Acquisition, development, and construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		6,608,000
Current		320,026,000		407,870,000
Non-Covered Loans | Acquisition, development, and construction | Financing Receivable, 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		6,608,000
Non-Covered Loans | Commercial and Industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	[2]	50,082,000	[1]	37,138,000	[3]
Non- Accrual	[2]	49,851,000	[1]	36,608,000	[3]
Current	[2]	2,654,982,000	[1]	2,351,282,000	[3]
Non-Covered Loans | Commercial and Industrial | Financing Receivable, 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	[2]	231,000	[1]	530,000	[3]
Non-Covered Loans | Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		54,000		31,000
Non- Accrual		9,000		6,000
Current		7,922,000		8,693,000
Non-Covered Loans | Other | Financing Receivable, 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		$ 45,000		$ 25,000
[1]	Includes $33.8 million of taxi medallion-related loans that were 90 days or more past due. There were no taxi medallion-related loans that were 30 to 89 days past due.
[2]	Includes lease financing receivables, all of which were current.
[3]	Includes $530,000 and $35.5 million of taxi medallion-related loans that were 30 to 89 days past due and 90 days or more past due, respectively.

Quality of Non-Covered Loans _2

Quality of Non-Covered Loans (Excluding PCI Loans and Leases) (Parenthetical) (Detail) - Taxi Medallion Loans - Commercial and Industrial - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Financing Receivable, 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		$ 530,000
Loans 90 Days Or More Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 33,800	$ 35,500

Non-Covered Loan Portfolio by C

Non-Covered Loan Portfolio by Credit Quality Indicator (Detail) - USD ($) $ in Thousands		Mar. 31, 2019	Dec. 31, 2018
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		$ 40,487,430	$ 40,133,861
Multi-Family
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		29,932,829	29,883,919
Multi-Family | Pass
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		29,671,752	29,548,242
Multi-Family | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		232,295	312,025
Multi-Family | Substandard
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		28,782	23,652
Commercial Real Estate
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		7,079,241	6,998,834
Commercial Real Estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		6,944,249	6,880,105
Commercial Real Estate | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		63,529	90,653
Commercial Real Estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		71,463	28,076
One-to-four family
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		435,686	446,094
One-to-four family | Pass
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		432,380	444,443
One-to-four family | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		1,669
One-to-four family | Substandard
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		1,637	1,651
Acquisition, development, and construction
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		326,634	407,870
Acquisition, development, and construction | Pass
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		276,666	319,001
Acquisition, development, and construction | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		36,825	73,964
Acquisition, development, and construction | Substandard
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		13,143	14,905
Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		37,774,390	37,736,717
Mortgage Receivable | Pass
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		37,325,047	37,191,791
Mortgage Receivable | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		334,318	476,642
Mortgage Receivable | Substandard
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		115,025	68,284
Commercial and Industrial
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans	[1],[2]	2,705,064	2,388,420
Commercial and Industrial | Pass
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans	[1]	2,628,058	2,306,563
Commercial and Industrial | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans	[1]	3,722	19,751
Commercial and Industrial | Substandard
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans	[1]	73,284	62,106
Other
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		7,976	8,724
Other | Pass
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		7,717	8,469
Other | Substandard
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		259	255
Total Other Loans
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		2,713,040	2,397,144
Total Other Loans | Pass
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		2,635,775	2,315,032
Total Other Loans | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		3,722	19,751
Total Other Loans | Substandard
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		$ 73,543	$ 62,361
[1]	Includes lease financing receivables, all of which were classified as Pass.
[2]	Includes specialty finance loans and leases of $2.2 billion and $1.9 billion, respectively, at March 31, 2019 and December 31, 2018 and other C&I loans of $477.5 million and $469.9 million, respectively, at March 31, 2019 and December 31, 2018.

Information Regarding Troubled

Information Regarding Troubled Debt Restructurings (Detail) - Non-Covered Loans - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Financing Receivable, Modifications [Line Items]
Troubled debt restructurings	$ 34,599	$ 34,881
Multi-Family
Financing Receivable, Modifications [Line Items]
Troubled debt restructurings	4,070	4,220
One-to-four family
Financing Receivable, Modifications [Line Items]
Troubled debt restructurings	1,012	1,022
Acquisition, development, and construction
Financing Receivable, Modifications [Line Items]
Troubled debt restructurings	6,535	8,297
Commercial and Industrial
Financing Receivable, Modifications [Line Items]
Troubled debt restructurings	22,982	21,342
Accruing
Financing Receivable, Modifications [Line Items]
Troubled debt restructurings	7,400	9,162
Accruing | Acquisition, development, and construction
Financing Receivable, Modifications [Line Items]
Troubled debt restructurings	6,535	8,297
Accruing | Commercial and Industrial
Financing Receivable, Modifications [Line Items]
Troubled debt restructurings	865	865
Non-Accrual
Financing Receivable, Modifications [Line Items]
Troubled debt restructurings	27,199	25,719
Non-Accrual | Multi-Family
Financing Receivable, Modifications [Line Items]
Troubled debt restructurings	4,070	4,220
Non-Accrual | One-to-four family
Financing Receivable, Modifications [Line Items]
Troubled debt restructurings	1,012	1,022
Non-Accrual | Commercial and Industrial
Financing Receivable, Modifications [Line Items]
Troubled debt restructurings	$ 22,117	$ 20,477

Summary of Financial Effects of

Summary of Financial Effects of Troubled Debt Restructurings (Detail)	3 Months Ended
	Mar. 31, 2019USD ($)Investment	Mar. 31, 2018USD ($)Investment
Financing Receivable, Modifications [Line Items]
Number of loans classified as a non-accrual TDRs | Investment		7
Pre-Modification Recorded Investment		$ 4,066,000
Post-Modification Recorded Investment		2,654,000
Trouble debt restructuring, charge-off amount		$ 1,318,000
Commercial and Industrial
Financing Receivable, Modifications [Line Items]
Number of loans classified as a non-accrual TDRs | Investment	15	6
Pre-Modification Recorded Investment	$ 4,194	$ 3,166,000
Post-Modification Recorded Investment	$ 3,088,000	$ 1,754,000
Weighted Average Interest Rate, Pre-Modification	3.26%	3.28%
Weighted Average Interest Rate, Post-Modification	2.98%	3.21%
Trouble debt restructuring, charge-off amount	$ 1,106,000	$ 1,318,000
Acquisition, development, and construction
Financing Receivable, Modifications [Line Items]
Number of loans classified as a non-accrual TDRs | Investment		1
Pre-Modification Recorded Investment		$ 900,000
Post-Modification Recorded Investment		$ 900,000
Weighted Average Interest Rate, Pre-Modification		4.50%
Weighted Average Interest Rate, Post-Modification		4.50%

Activity in Allowance for Losse

Activity in Allowance for Losses for Non-Covered Loans and Covered Loans (Detail) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for Loan Losses, Individually evaluated for impairment	$ 709
Allowance for Loan Losses, Collectively evaluated for impairment	155,927	$ 159,820
Allowance for Loan Losses	156,636
Mortgage Receivable
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for Loan Losses, Collectively evaluated for impairment	128,766	130,983
Allowance for Loan Losses	128,766
Other loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for Loan Losses, Individually evaluated for impairment	709
Allowance for Loan Losses, Collectively evaluated for impairment	27,161	$ 28,837
Allowance for Loan Losses	$ 27,870

Additional Information Regardin

Additional Information Regarding Methods used to Evaluate Loan Portfolio for Impairment (Detail) - Additional Information Loan Portfolio - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Receivable, Individually evaluated for impairment	$ 63,612	$ 52,169
Loans Receivable, Collectively evaluated for impairment	40,423,818	40,081,692
Total loans, net	40,487,430	40,133,861
Mortgage Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Receivable, Individually evaluated for impairment	13,873	15,794
Loans Receivable, Collectively evaluated for impairment	37,760,517	37,720,923
Total loans, net	37,774,390	37,736,717
Other loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Receivable, Individually evaluated for impairment	49,739	36,375
Loans Receivable, Collectively evaluated for impairment	2,663,301	2,360,769
Total loans, net	$ 2,713,040	$ 2,397,144

Activity in Allowance for Los_2

Activity in Allowance for Losses on Non-Covered Loans (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Valuation Allowance [Line Items]
Balance, beginning of period	$ 159,820	$ 158,046
Charge-offs	(2,079)	(6,991)
Recoveries	117	514
(Recovery of) provision for loan losses	(1,222)	9,571
Balance, end of period	156,636	161,140
Non-Covered Loans
Valuation Allowance [Line Items]
(Recovery of) provision for loan losses	(1,222)	9,571
Mortgage Receivable
Valuation Allowance [Line Items]
Balance, beginning of period	130,983	128,275
Charge-offs		(5,411)
Recoveries	7	110
Balance, end of period	128,766	129,135
Mortgage Receivable | Non-Covered Loans
Valuation Allowance [Line Items]
(Recovery of) provision for loan losses	(2,224)	6,161
Other loans
Valuation Allowance [Line Items]
Balance, beginning of period	28,837	29,771
Charge-offs	(2,079)	(1,580)
Recoveries	110	404
Balance, end of period	27,870	32,005
Other loans | Non-Covered Loans
Valuation Allowance [Line Items]
(Recovery of) provision for loan losses	$ 1,002	$ 3,410

Additional Information about Im

Additional Information about Impaired Loans (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Financing Receivable, Impaired [Line Items]
Impaired loans with no related allowance, Recorded Investment	$ 48,612	$ 52,169
Impaired loans with no related allowance, Unpaid Principal Balance	122,721	126,513
Impaired loans with no related allowance, Average Recorded Investment	50,390	63,146
Impaired loans with no related allowance, Interest Income Recognized	906	4,013
Impaired loans with an allowance recorded, Recorded Investment	15,000
Impaired loans with an allowance recorded, Unpaid Principal Balance	15,000
Impaired loans with an allowance recorded, Related Allowance	709
Impaired loans with an allowance recorded, Average Recorded Investment	15,000	20
Impaired loans with an allowance recorded, Interest Income Recognized	75
Total impaired loans, Recorded Investment	63,612	52,169
Total impaired loans, Unpaid Principal Balance	137,721	126,513
Total impaired loans, Related Allowance	709
Total impaired loans, Average Recorded Investment	65,390	63,166
Total impaired loans, Interest Income Recognized	981	4,013
Multi-Family
Financing Receivable, Impaired [Line Items]
Impaired loans with no related allowance, Recorded Investment	4,070	4,220
Impaired loans with no related allowance, Unpaid Principal Balance	7,075	7,168
Impaired loans with no related allowance, Average Recorded Investment	4,145	6,114
Impaired loans with no related allowance, Interest Income Recognized	57	340
Total impaired loans, Recorded Investment	4,070	4,220
Total impaired loans, Unpaid Principal Balance	7,075	7,168
Total impaired loans, Average Recorded Investment	4,145	6,114
Total impaired loans, Interest Income Recognized	57	340
Commercial Real Estate
Financing Receivable, Impaired [Line Items]
Impaired loans with no related allowance, Recorded Investment	2,256	2,256
Impaired loans with no related allowance, Unpaid Principal Balance	7,370	7,371
Impaired loans with no related allowance, Average Recorded Investment	2,256	3,234
Total impaired loans, Recorded Investment	2,256	2,256
Total impaired loans, Unpaid Principal Balance	7,370	7,371
Total impaired loans, Average Recorded Investment	2,256	3,234
One-to-four family
Financing Receivable, Impaired [Line Items]
Impaired loans with no related allowance, Recorded Investment	1,012	1,022
Impaired loans with no related allowance, Unpaid Principal Balance	1,066	1,076
Impaired loans with no related allowance, Average Recorded Investment	1,017	1,576
Impaired loans with no related allowance, Interest Income Recognized	6	26
Total impaired loans, Recorded Investment	1,012	1,022
Total impaired loans, Unpaid Principal Balance	1,066	1,076
Total impaired loans, Average Recorded Investment	1,017	1,576
Total impaired loans, Interest Income Recognized	6	26
Acquisition, development, and construction
Financing Receivable, Impaired [Line Items]
Impaired loans with no related allowance, Recorded Investment	6,535	8,296
Impaired loans with no related allowance, Unpaid Principal Balance	7,435	9,197
Impaired loans with no related allowance, Average Recorded Investment	7,415	9,238
Impaired loans with no related allowance, Interest Income Recognized	144	590
Total impaired loans, Recorded Investment	6,535	8,296
Total impaired loans, Unpaid Principal Balance	7,435	9,197
Total impaired loans, Average Recorded Investment	7,415	9,238
Total impaired loans, Interest Income Recognized	144	590
Other
Financing Receivable, Impaired [Line Items]
Impaired loans with no related allowance, Recorded Investment	34,739	36,375
Impaired loans with no related allowance, Unpaid Principal Balance	99,775	101,701
Impaired loans with no related allowance, Average Recorded Investment	35,557	42,984
Impaired loans with no related allowance, Interest Income Recognized	699	3,057
Impaired loans with an allowance recorded, Recorded Investment	15,000
Impaired loans with an allowance recorded, Unpaid Principal Balance	15,000
Impaired loans with an allowance recorded, Related Allowance	709
Impaired loans with an allowance recorded, Average Recorded Investment	15,000	20
Impaired loans with an allowance recorded, Interest Income Recognized	75
Total impaired loans, Recorded Investment	49,739	36,375
Total impaired loans, Unpaid Principal Balance	114,775	101,701
Total impaired loans, Related Allowance	709
Total impaired loans, Average Recorded Investment	50,057	43,004
Total impaired loans, Interest Income Recognized	$ 774	$ 3,057

Summary of Borrowed Funds (Deta

Summary of Borrowed Funds (Detail) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Debt Outstanding [Line Items]
FHLB advances	$ 11,803,661	$ 13,053,661
Repurchase agreements	800,000	500,000
Total wholesale borrowings	12,603,661	13,553,661
Junior subordinated debentures	359,594	359,508
Subordinated notes	294,655	294,697
Total borrowed funds	$ 13,257,910	$ 14,207,866

Summary of Repurchase Agreement

Summary of Repurchase Agreements Accounted for Secured Borrowings (Detail) - GSE obligations $ in Thousands	Mar. 31, 2019USD ($)
Overnight and Continuous
Remaining Contractual Maturity of the Agreements	$ 0
Up to 30 Days
Remaining Contractual Maturity of the Agreements	0
30–90 Days
Remaining Contractual Maturity of the Agreements	0
Greater than 90 Days
Remaining Contractual Maturity of the Agreements	$ 800,000

Borrowed Funds - Additional Inf

Borrowed Funds - Additional Information (Detail) - USD ($) $ in Thousands	Nov. 06, 2018	Mar. 31, 2019	Dec. 31, 2018	Nov. 16, 2018
Debt Instrument [Line Items]
Junior subordinated debentures		$ 359,594	$ 359,508
Subordinated Debt
Debt Instrument [Line Items]
Capital security, coupon or distribution rate				5.90%
Principal amount of Subordinated Notes				$ 300,000
interest rate of subordinated note				5.90%
description of interest rate	LIBOR rate plus 278 basis points
maturity date of debt	Nov. 6, 2028

Junior Subordinated Debentures

Junior Subordinated Debentures Outstanding (Detail) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2019	Dec. 31, 2018
Subordinated Borrowing [Line Items]
Junior Subordinated Debentures Amount Outstanding		$ 359,594	$ 359,508
Capital Securities Amount Outstanding		$ 346,817
New York Community Capital Trust V (BONUSESSM Units)
Subordinated Borrowing [Line Items]
Interest Rate of Capital Securities and Debentures		6.00%
Junior Subordinated Debentures Amount Outstanding		$ 145,668
Capital Securities Amount Outstanding		$ 139,317
Date of Original Issue		Nov. 4, 2002
Stated Maturity		Nov. 1, 2051
First Optional Redemption Date	[1]	Nov. 4, 2007
New York Community Capital Trust X
Subordinated Borrowing [Line Items]
Interest Rate of Capital Securities and Debentures		4.202%
Junior Subordinated Debentures Amount Outstanding		$ 123,712
Capital Securities Amount Outstanding		$ 120,000
Date of Original Issue		Dec. 14, 2006
Stated Maturity		Dec. 15, 2036
First Optional Redemption Date	[2]	Dec. 15, 2011
PennFed Capital Trust III
Subordinated Borrowing [Line Items]
Interest Rate of Capital Securities and Debentures		5.861%
Junior Subordinated Debentures Amount Outstanding		$ 30,928
Capital Securities Amount Outstanding		$ 30,000
Date of Original Issue		Jun. 2, 2033
Stated Maturity		Jun. 15, 2033
First Optional Redemption Date	[2]	Jun. 15, 2008
New York Community Capital Trust XI
Subordinated Borrowing [Line Items]
Interest Rate of Capital Securities and Debentures		4.242%
Junior Subordinated Debentures Amount Outstanding		$ 59,286
Capital Securities Amount Outstanding		$ 57,500
Date of Original Issue		Apr. 16, 2007
Stated Maturity		Jun. 30, 2037
First Optional Redemption Date	[2]	Jun. 30, 2012
[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.

Pension and Other Post-Retire_3

Pension and Other Post-Retirement Benefits (Detail) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018
Pension Benefits
Components of net periodic (credit) expense:
Interest cost	[1]	$ 1,415	$ 1,271
Expected return on plan assets	[1]	(3,483)	(4,035)
Amortization of net actuarial loss	[1]	2,509	1,795
Net periodic (credit) expense	[1]	441	(969)
Post- Retirement Benefits
Components of net periodic (credit) expense:
Interest cost	[1]	128	128
Amortization of prior-service costs	[1]	(62)	(62)
Amortization of net actuarial loss	[1]	31	76
Net periodic (credit) expense	[1]	$ 97	$ 142
[1]	Amounts are included in G&A expense on the Consolidated Statements of Income and Comprehensive Income.

Pension and Other Post-Retire_4

Pension and Other Post-Retirement Benefits - Additional Information (Detail)	Mar. 31, 2019USD ($)
Post- Retirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Expected contribution to defined benefit plan for the fiscal year	$ 1,200,000
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Expected contribution to defined benefit plan for the fiscal year	$ 0

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant	3,297,368
Shares granted	1,743,240
Shares granted, weighted average grant date fair value	$ 10.32
Unrecognized compensation cost relating to unvested restricted stock	$ 81,100
Unrecognized compensation cost relating to unvested restricted stock, recognition period (in years)	3 years 4 months 24 days
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted, vesting period	5 years
Compensation and benefits expense	$ 7,900,000	$ 9,800,000
Stock Incentive Plan Twenty Twelve | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted	1,743,240
Shares granted, weighted average grant date fair value	$ 10.32

Summary of Activity for Restric

Summary of Activity for Restricted Stock Awards (Detail)	3 Months Ended
	Mar. 31, 2019$ / sharesshares
Number of Shares
Unvested at beginning of year | shares	6,904,388
Granted | shares	1,743,240
Vested | shares	(2,038,655)
Canceled | shares	(89,500)
Unvested at end of year | shares	6,519,473
Weighted Average Grant Date Fair Value
Unvested at beginning of year | $ / shares	$ 14.74
Granted | $ / shares	10.32
Vested | $ / shares	15.25
Canceled | $ / shares	12.90
Unvested at end of year | $ / shares	$ 13.43

Assets and Liabilities Measured

Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	$ 5,756,772	$ 5,644,071
Total equity securities	32,128	30,551
Total securities	5,756,772	5,644,071
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	5,724,644	5,613,520
Total equity securities	32,128	30,551
Total securities	5,756,772	5,644,071
Fair Value, Measurements, Recurring | Preferred stock
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total equity securities	15,147	13,846
Fair Value, Measurements, Recurring | Mutual Funds and Common Stock
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total equity securities	16,981	16,705
Fair Value, Measurements, Recurring | Mortgage-Related Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	2,850,760	2,960,282
Fair Value, Measurements, Recurring | Mortgage-Related Securities | GSE certificates
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	1,395,631	1,707,521
Fair Value, Measurements, Recurring | Mortgage-Related Securities | GSE CMOs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	1,455,129	1,252,761
Fair Value, Measurements, Recurring | Other Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	2,873,884	2,653,238
Fair Value, Measurements, Recurring | Other Securities | U.S. Treasury obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	29,662
Fair Value, Measurements, Recurring | Other Securities | GSE debentures
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	1,482,373	1,328,927
Fair Value, Measurements, Recurring | Other Securities | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	860,055	821,715
Fair Value, Measurements, Recurring | Other Securities | Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	67,198	66,183
Fair Value, Measurements, Recurring | Other Securities | Capital trust notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	49,922	49,291
Fair Value, Measurements, Recurring | Other Securities | Asset-backed Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	384,674	387,122
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	29,662
Total equity securities	15,147	13,846
Total securities	44,809	13,846
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Preferred stock
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total equity securities	15,147	13,846
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	29,662
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other Securities | U.S. Treasury obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	29,662
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	5,694,982	5,613,520
Total equity securities	16,981	16,705
Total securities	5,711,963	5,630,225
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Mutual Funds and Common Stock
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total equity securities	16,981	16,705
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Mortgage-Related Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	2,850,760	2,960,282
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Mortgage-Related Securities | GSE certificates
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	1,395,631	1,707,521
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Mortgage-Related Securities | GSE CMOs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	1,455,129	1,252,761
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Other Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	2,844,222	2,653,238
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Other Securities | GSE debentures
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	1,482,373	1,328,927
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Other Securities | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	860,055	821,715
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Other Securities | Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	67,198	66,183
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Other Securities | Capital trust notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	49,922	49,291
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Other Securities | Asset-backed Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	$ 384,674	$ 387,122

Assets and Liabilities Measur_2

Assets and Liabilities Measured at Fair Value on Non-Recurring Basis (Detail) - Fair Value, Measurements, Nonrecurring - USD ($) $ in Thousands		Mar. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Certain impaired loans	[1]	$ 37,587	$ 38,213
Other assets	[2]		1,265
Total		37,587	39,478
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Certain impaired loans	[1]	37,587	38,213
Other assets	[2]		1,265
Total		$ 37,587	$ 39,478
[1]	Represents the fair value of impaired loans, based on the value of the collateral.
[2]	Represents the fair value of repossessed assets, based on the appraised value of the collateral subsequent to its initial classification as repossessed assets.

Summary of Carrying Values, Est

Summary of Carrying Values, Estimated Fair Values and Fair Value Measurement Levels of Financial Instruments (Detail) - USD ($) $ in Thousands		Mar. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Financial Assets:
Cash and cash equivalents		$ 990,019	$ 1,474,955	$ 2,528,169
FHLB stock		588,197	644,590
Loans, net		40,369,383	40,006,088
Financial Liabilities:
Deposits		31,601,125	30,764,430
Borrowed funds		13,257,910	14,207,866
Financial Assets:
Cash and cash equivalents		990,019	1,474,955
FHLB stock	[1]	588,197	644,590
Loans, net		40,257,098	39,461,985
Financial Liabilities:
Deposits		31,617,404	30,748,729
Borrowed funds		13,282,486	14,136,526
Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial Assets:
Cash and cash equivalents		990,019	1,474,955
Financial Liabilities:
Deposits	[2]	18,833,346	18,570,108
Significant Other Observable Inputs (Level 2)
Financial Assets:
FHLB stock	[1]	588,197	644,590
Financial Liabilities:
Deposits	[3]	12,784,058	12,178,621
Borrowed funds		13,282,486	14,136,526
Significant Unobservable Inputs (Level 3)
Financial Assets:
Loans, net		$ 40,257,098	$ 39,461,985
[1]	Carrying value and estimated fair value are at cost.
[2]	Interest-bearing checking and money market accounts, savings accounts, and non-interest-bearing accounts.
[3]	Certificates of deposit.

Leases - Additional Information

Leases - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2019USD ($)
Operating Lease, Weighted Average Remaining Lease Term	17 years 4 months 24 days
Lessee, Operating Lease, Option to Extend	The vast majority of which include one or more options to extend the leases for up to five years resulting in lease terms up to 40 years.
Amortization Of ROU assets	$ 11,700
Discontinued Operations [Member]
Amortization Of ROU assets	$ 7,300,000
Minimum [Member]
Operating Lease, Weighted Average Remaining Lease Term	1 year
Maximum [Member]
Operating Lease, Weighted Average Remaining Lease Term	25 years

Summary of components of lease

Summary of components of lease expense (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)
Components of Lease Expense:
Operating lease cost	$ 7,348
Sublease income	(22)
Total lease cost	$ 7,326

Summary of cash flow informatio

Summary of cash flow information related to the leases (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 7,348

Summary of Balance Sheet Inform

Summary of Balance Sheet Information Related To Leases (Detail) $ in Thousands	Mar. 31, 2019USD ($)
Operating Leases:
Operating lease right-of-use assets	$ 312,948
Operating lease liabilities	$ 312,628
Weighted average remaining lease term	17 years 4 months 24 days
Weighted average discount rate	3.25%

Summary of Maturities of Lease

Summary of Maturities of Lease Liabilities (Detail) $ in Thousands	Mar. 31, 2019USD ($)
Lessee Operating Lease [Line Items]
2019	$ 21,836
2020	28,319
2021	27,677
2022	26,971
2023	26,541
Thereafter	291,362
Total lease payments	422,706
Less: imputed interest	(110,078)
Total present value of lease liabilities	$ 312,628

Summary of Remaining Projected

Summary of Remaining Projected Minimum Annual Rental Commitments (Detail)	Mar. 31, 2019USD ($)
Lessee Operating Lease [Line Items]
2019	$ 30,322
2020	23,399
2021	19,736
2022	16,552
2023 and thereafter	55,525
Total minimum future rentals	$ 145,534

Cumulative basis adjustment for

Cumulative basis adjustment for fair value hedges (Detail) - Loans and leases $ in Thousands	Mar. 31, 2019USD ($)	[1]
Carrying Amount of the Hedged Assets	$ 2,018,532
Cumulative Amount of Fair Value Hedging Adjustments Included in the Carrying Amount of the Hedged Assets	$ 18,532
[1]	These amounts include the amortized cost basis of closed portfolios used to designated hedging relationships in which the hedged item is the last layer expected to be remaining at the end of the hedging relationship. At March 31, 2019, the amortized cost basis of the closed portfolios used in these hedging relationships was $ 4.7 billion; the cumulative basis adjustments associated with these hedging relationships was $18.5 million; and the amount of the designated hedged items was $2.0 billion.

Company's derivative financial

Company's derivative financial instruments (Detail) - Designated as Hedging Instrument [Member] $ in Thousands	Mar. 31, 2019USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative, Notional Amount	$ 2,000,000
Other Assets [Member]
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Asset
Other Liabilities [Member]
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Liability
Interest Rate Swap [Member]
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative, Notional Amount	2,000,000
Interest Rate Swap [Member] | Other Assets [Member]
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Asset
Interest Rate Swap [Member] | Other Liabilities [Member]
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Liability

Consolidated Statements of In_2

Consolidated Statements of Income and Comprehensive Income (Detail) - Interest Income [Member] $ in Thousands	Mar. 31, 2019USD ($)
Hedged item - loans [Member]
Derivative Liability	$ 18,532
Interest Rate Swap [Member]
Derivative Liability	$ (18,532)

Derivative and Hedging Activi_3

Derivative and Hedging Activities - Additional Information (Detail) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018
Interest Income (Expense), Net		$ 241,325	$ 270,298
Designated as Hedging Instrument [Member]
Derivative, Notional Amount		2,000,000
Interest Income (Expense), Net		239,000
Designated as Hedging Instrument [Member] | Other Assets [Member]
Derivatives
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member]
Derivative, Notional Amount		2,000,000
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | Other Assets [Member]
Derivatives
Loans and leases
Amortized Cost		4,700,000
Cumulative Amount of Fair Value Hedging Adjustments Included in the Carrying Amount of the Hedged Assets	[1]	18,532
Carrying Amount of the Hedged Assets	[1]	$ 2,018,532
[1]	These amounts include the amortized cost basis of closed portfolios used to designated hedging relationships in which the hedged item is the last layer expected to be remaining at the end of the hedging relationship. At March 31, 2019, the amortized cost basis of the closed portfolios used in these hedging relationships was $ 4.7 billion; the cumulative basis adjustments associated with these hedging relationships was $18.5 million; and the amount of the designated hedged items was $2.0 billion.

Impact of Recent Accounting P_2

Impact of Recent Accounting Pronouncements - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%	35.00%
Accounting Standards Update 2018-02 [Member] | Retained Earnings
Effect of adopting	$ 2.5
Accounting Standards Update 2018-02 [Member] | Accumulated Other Comprehensive Loss
Effect of adopting	$ 2.5