Flagstar Financial (FLG) 10-Q 10 Aug 20 2020 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2020	Aug. 03, 2020
Document Information [Line Items]
Amendment Flag	false
Document Type	10-Q
Document Transition Report	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Document Period End Date	Jun. 30, 2020
Entity Central Index Key	0000910073
Current Fiscal Year End Date	--12-31
Entity Registrant Name	NEW YORK COMMUNITY BANCORP, INC.
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		463,909,673
Entity Interactive Data Current	Yes
Document Quarterly Report	true
Entity File Number	1-31565
Entity Incorporation, State or Country Code	DE
City Area Code	516
Local Phone Number	683-4100
Entity Tax Identification Number	06-1377322
Entity Address, Address Line One	615 Merrick Avenue
Entity Address, City or Town	Westbury
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	11590
Common Stock
Document Information [Line Items]
Title of 12(b) Security	Common Stock
Security Exchange Name	NYSE
Trading Symbol	NYCB
Bifurcated Option Note Unit SecuritiES
Document Information [Line Items]
Title of 12(b) Security	Bifurcated Option Note Unit SecuritiES
Security Exchange Name	NYSE
Trading Symbol	NYCB PU
Fixed-to-Floating Rate Series A Noncumulative Perpetual Preferred Stock
Document Information [Line Items]
Title of 12(b) Security	Fixed-to-Floating Rate Series A NoncumulativePerpetual Preferred Stock
Security Exchange Name	NYSE
Trading Symbol	NYCB PA

Consolidated Statements of Cond

Consolidated Statements of Condition - USD ($) $ in Thousands		Jun. 30, 2020	Dec. 31, 2019
Assets:
Cash and cash equivalents		$ 1,404,527	$ 741,870
Securities:
Debt securities available-for-sale ($1,256,431 and $1,372,238 pledged at June 30, 2020 and December 31, 2019, respectively) (Allowance for credit losses of $0 at June 30, 2020)		5,168,182	5,853,057
Equity investments with readily determinable fair values, at fair value		33,518	32,830
Total securities		5,201,700	5,885,887
Loans held for sale		103,362
Loans and leases held for investment, net of deferred loan fees and costs		42,306,187	41,894,155
Less: Allowance for loan and lease losses		(174,287)	(147,638)
Total loans and leases held for investment, net		42,131,900	41,746,517
Total loans and leases, net		42,235,262	41,746,517
Federal Home Loan Bank stock, at cost	[1]	668,698	647,562
Premises and equipment, net		297,180	312,626
Operating lease right-of-use assets		278,276	286,194
Goodwill		2,426,379	2,426,379
Bank-owned life insurance		1,156,137	1,145,058
Other real estate owned and other repossessed assets		9,526	12,268
Other assets		532,731	436,460
Total assets		54,210,416	53,640,821
Deposits:
Interest-bearing checking and money market accounts		11,141,163	10,230,144
Savings accounts		5,624,999	4,780,007
Certificates of deposit		12,042,254	14,214,858
Non-interest-bearing accounts		2,921,165	2,432,123
Total deposits		31,729,581	31,657,132
Wholesale borrowings:
Federal Home Loan Bank advances		13,552,661	13,102,661
Repurchase agreements		800,000	800,000
Total wholesale borrowings		14,352,661	13,902,661
Junior subordinated debentures		360,058	359,866
Subordinated notes		295,345	295,066
Total borrowed funds		15,008,064	14,557,593
Operating lease liabilities		278,272	285,991
Other liabilities		501,486	428,411
Total liabilities		47,517,403	46,929,127
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 463,933,831 and 467,346,781 shares outstanding, respectively)		4,904	4,904
Paid-in capital in excess of par		6,109,597	6,115,487
Retained earnings		362,724	342,023
Treasury stock, at cost (26,505,239 and 23,092,289 shares, respectively)		(257,232)	(220,717)
Accumulated other comprehensive loss, net of tax:
Net unrealized gain on securities available for sale, net of tax of $(25,015) and $(9,424), respectively		66,548	25,440
Net unrealized loss on pension and post-retirement obligations, net of tax of $21,179 and $22,191, respectively		(56,470)	(59,136)
Net unrealized (loss) gain on cash flow hedges, net of tax of $15,132 and $(333), respectively		(39,898)	853
Total accumulated other comprehensive loss, net of tax		(29,820)	(32,843)
Total stockholders’ equity		6,693,013	6,711,694
Total liabilities and stockholders’ equity		$ 54,210,416	$ 53,640,821
[1]	Carrying value and estimated fair value are at cost.

Consolidated Statements of Co_2

Consolidated Statements of Condition (Parenthetical) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Statement Of Financial Position [Abstract]
Securities Available-for-sale, pledged	$ 1,256,431	$ 1,372,238
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	463,933,831	467,346,781
Treasury stock, shares	26,505,239	23,092,289
Net unrealized (loss) gain on securities available for sale, tax	$ (25,015)	$ (9,424)
Net unrealized loss on pension and post-retirement obligations, tax	21,179	22,191
Cash flow hedges tax component	15,132	$ (333)
Debt Securities, allowance for credit losses	$ 0

Consolidated Statements of Inco

Consolidated Statements of Income and Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Interest Income:
Loans and leases	$ 381,884	$ 387,634	$ 773,796	$ 767,424
Securities and money market investments	41,191	66,118	90,321	132,502
Total interest income	423,075	453,752	864,117	899,926
Interest Expense:
Interest-bearing checking and money market accounts	10,059	47,772	38,623	97,931
Savings accounts	8,208	8,861	17,142	16,944
Certificates of deposit	65,233	80,651	144,789	148,426
Borrowed funds	73,703	78,778	153,224	157,610
Total interest expense	157,203	216,062	353,778	420,911
Net interest income	265,872	237,690	510,339	479,015
Provision for credit losses	17,574	1,844	38,176	622
Net interest income after provision for credit losses	248,298	235,846	472,163	478,393
Non-Interest Income:
Fee income	3,723	7,487	10,741	14,715
Bank-owned life insurance	9,503	6,479	16,892	13,454
Net gain on securities	887	493	1,421	7,480
Other	1,267	3,138	3,225	6,733
Total non-interest income	15,380	17,597	32,279	42,382
Operating expenses:
Compensation and benefits	75,705	72,573	155,156	154,013
Occupancy and equipment	21,177	21,889	39,051	44,851
General and administrative	26,711	28,590	54,907	62,955
Total non-interest expense	123,593	123,052	249,114	261,819
Income before income taxes	140,085	130,391	255,328	258,956
Income tax expense	34,738	33,145	49,653	64,133
Net income	105,347	97,246	205,675	194,823
Preferred stock dividends	8,207	8,207	16,414	16,414
Net income available to common shareholders	$ 97,140	$ 89,039	$ 189,261	$ 178,409
Basic earnings per common share	$ 0.21	$ 0.19	$ 0.40	$ 0.38
Diluted earnings per common share	$ 0.21	$ 0.19	$ 0.40	$ 0.38
Net income	$ 105,347	$ 97,246	$ 205,675	$ 194,823
Other comprehensive income, net of tax:
Change in net unrealized gain (loss) on securities available for sale, net of tax of ($20,404); ($10,232); ($15,793) and ($23,100), respectively	53,796	26,258	41,639	59,013
Change in pension and post-retirement obligations, net of tax of ($18); ($15); ($36) and ($31), respectively	47	40	92	77
Change in net unrealized gain (loss) on cash flow hedges, net of tax of $2,295 and $15,692	(5,463)		(41,351)
Less: Reclassification adjustment for sales of available-for-sale securities, net of tax of $(4); $10; $202 and $1,527, respectively	11	(26)	(532)	(3,918)
Reclassification adjustment for defined benefit pension plan, net of tax of ($488); ($695); ($976) and ($1,390), respectively	1,286	1,783	2,574	3,566
Reclassification adjustment for net gain on cash flow hedges included in net income, net of tax of ($405) and ($227)	1,068		601
Total other comprehensive income, net of tax	50,745	28,055	3,023	58,738
Total comprehensive income, net of tax	$ 156,092	$ 125,301	$ 208,698	$ 253,561

Consolidated Statements of In_2

Consolidated Statements of Income and Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Statement [Abstract]
Change in net unrealized gain (loss) on securities available for sale, tax	$ (20,404)	$ (10,232)	$ (15,793)	$ (23,100)
Change in pension and post-retirement obligations, tax	(18)	(15)	(36)	(31)
Cash flow hedge, gain (loss), reclassification, tax	2,295		15,692
Reclassification adjustment for sales of available-for-sale securities, tax	(4)	10	202	1,527
Reclassification adjustment for defined benefit pension plan, net of tax	(488)	$ (695)	(976)	$ (1,390)
Cash flow hedges tax component	$ (405)		$ (227)

Consolidated Statement of Chang

Consolidated Statement of Changes in Stockholders' Equity - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Common Stock (Par Value: $0.01)	Preferred Stock (Par Value: $0.01)	Paid-in Capital in Excess of Par	Retained Earnings	Retained EarningsCumulative Effect, Period of Adoption, Adjustment	Treasury Stock, at Cost	Accumulated Other Comprehensive Loss, Net of Tax
Balance at Dec. 31, 2018	$ 6,655,235		$ 4,904	$ 502,840	$ 6,099,940	$ 297,202		$ (161,998)	$ (87,653)
Balance, shares at Dec. 31, 2018			473,536,604
Shares issued for restricted stock, net of forfeitures					(15,058)			15,058
Shares issued for restricted stock, net of forfeitures, shares			1,515,760
Compensation expense related to restricted stock awards	7,910				7,910
Net income	97,577					97,577
Dividends paid on common stock ($0.17)	(79,340)					(79,340)
Dividends paid on preferred stock ($15.94)	(8,207)					(8,207)
Purchase of common stock	(74,788)							(74,788)
Purchase of common stock, shares			(7,816,228)
Other comprehensive income, net of tax	30,683								30,683
Balance at Mar. 31, 2019	6,629,070		$ 4,904	502,840	6,092,792	307,232		(221,728)	(56,970)
Balance, shares at Mar. 31, 2019			467,236,136
Balance at Dec. 31, 2018	6,655,235		$ 4,904	502,840	6,099,940	297,202		(161,998)	(87,653)
Balance, shares at Dec. 31, 2018			473,536,604
Net income	194,823
Dividends paid on preferred stock ($15.94)	(16,414)
Balance at Jun. 30, 2019	6,674,678		$ 4,904	502,840	6,099,474	316,921		(220,546)	(28,915)
Balance, shares at Jun. 30, 2019			467,358,939
Balance at Mar. 31, 2019	6,629,070		$ 4,904	502,840	6,092,792	307,232		(221,728)	(56,970)
Balance, shares at Mar. 31, 2019			467,236,136
Shares issued for restricted stock, net of forfeitures					(1,221)			1,221
Shares issued for restricted stock, net of forfeitures, shares			126,288
Compensation expense related to restricted stock awards	7,903				7,903
Net income	97,246					97,246
Dividends paid on common stock ($0.17)	(79,350)					(79,350)
Dividends paid on preferred stock ($15.94)	(8,207)					(8,207)
Purchase of common stock	(39)							(39)
Purchase of common stock, shares			(3,485)
Other comprehensive income, net of tax	28,055								28,055
Balance at Jun. 30, 2019	6,674,678		$ 4,904	502,840	6,099,474	316,921		(220,546)	(28,915)
Balance, shares at Jun. 30, 2019			467,358,939
Balance at Dec. 31, 2019	6,711,694	$ (10,468)	$ 4,904	$ 502,840	6,115,487	342,023	$ (10,468)	(220,717)	$ (32,843)
Balance, shares at Dec. 31, 2019			467,346,781
Shares issued for restricted stock, net of forfeitures					(22,198)			$ 22,198
Shares issued for restricted stock, net of forfeitures, shares			2,321,105
Compensation expense related to restricted stock awards	8,251				$ 8,251
Net income	100,328					100,328
Dividends paid on common stock ($0.17)	(79,332)					(79,332)
Dividends paid on preferred stock ($15.94)	$ (8,207)					$ (8,207)
Accounting Standards Update [Extensible List]	us-gaap:AccountingStandardsUpdate201613Member		us-gaap:AccountingStandardsUpdate201613Member	us-gaap:AccountingStandardsUpdate201613Member	us-gaap:AccountingStandardsUpdate201613Member	us-gaap:AccountingStandardsUpdate201613Member		us-gaap:AccountingStandardsUpdate201613Member	us-gaap:AccountingStandardsUpdate201613Member
Purchase of common stock	$ (37,159)							$ (37,159)
Purchase of common stock, shares			(3,307,183)
Other comprehensive income, net of tax	(47,722)								$ (47,722)
Balance at Mar. 31, 2020	6,637,385		$ 4,904	$ 502,840	$ 6,101,540	$ 344,344		(235,678)	(80,565)
Balance, shares at Mar. 31, 2020			466,360,703
Balance at Dec. 31, 2019	6,711,694	$ (10,468)	$ 4,904	502,840	6,115,487	342,023	$ (10,468)	(220,717)	(32,843)
Balance, shares at Dec. 31, 2019			467,346,781
Net income	205,675
Dividends paid on preferred stock ($15.94)	$ (16,414)
Accounting Standards Update [Extensible List]	us-gaap:AccountingStandardsUpdate201613Member
Balance at Jun. 30, 2020	$ 6,693,013		$ 4,904	502,840	6,109,597	362,724		(257,232)	(29,820)
Balance, shares at Jun. 30, 2020			463,933,831
Balance at Mar. 31, 2020	6,637,385		$ 4,904	502,840	6,101,540	344,344		(235,678)	(80,565)
Balance, shares at Mar. 31, 2020			466,360,703
Compensation expense related to restricted stock awards	8,057				8,057
Net income	105,347					105,347
Dividends paid on common stock ($0.17)	(78,760)					(78,760)
Dividends paid on preferred stock ($15.94)	(8,207)					(8,207)
Purchase of common stock	(21,554)							(21,554)
Purchase of common stock, shares			(2,426,872)
Other comprehensive income, net of tax	50,745								50,745
Balance at Jun. 30, 2020	$ 6,693,013		$ 4,904	$ 502,840	$ 6,109,597	$ 362,724		$ (257,232)	$ (29,820)
Balance, shares at Jun. 30, 2020			463,933,831

Consolidated Statement of Cha_2

Consolidated Statement of Changes in Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019
Common Stock (Par Value: $0.01)
Dividends paid on common stock, per share	$ 0.17	$ 0.17	$ 0.17	$ 0.17
Preferred Stock (Par Value: $0.01)
Dividends paid on preferred stock, per share	$ 15.94	$ 15.94	$ 15.94	$ 15.94

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2020	Jun. 30, 2019
Cash Flows from Operating Activities:
Net income		$ 205,675	$ 194,823
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses		38,176	622
Depreciation		12,667	13,771
Amortization of discounts and premiums, net		9,614	2,403
Net gain on sales of securities		(1,421)	(7,480)
Gain on trading activity			(35)
Net loss on sales of loans		4	31
Stock-based compensation		16,308	15,813
Deferred tax expense		76,963	19,362
Changes in operating assets and liabilities:
Increase in other assets	[1]	(98,462)	(31,751)
(Decrease) increase in other liabilities	[2]	(9,213)	51,381
Purchases of securities held for trading			(22,500)
Proceeds from sales of securities held for trading			22,535
Held for sale originations		(103,362)
Net cash provided by operating activities		146,949	258,975
Cash Flows from Investing Activities:
Proceeds from repayment of securities available for sale		959,743	507,198
Proceeds from sales of securities available for sale		442,075	363,346
Purchase of securities available for sale		(734,650)	(912,974)
Redemption of Federal Home Loan Bank stock		126,726	85,349
Purchases of Federal Home Loan Bank stock		(147,862)	(23,107)
Proceeds from bank-owned life insurance, net		1,772	2,664
Proceeds from sales of loans		3,124	70,387
Purchases of loans		(47,766)
Other changes in loans, net		(379,463)	(790,541)
Dispositions of premises and equipment, net		2,779	58
Net cash provided by (used in) investing activities		226,478	(697,620)
Cash Flows from Financing Activities:
Net increase in deposits		72,449	1,568,096
Net increase in short-term borrowed funds		1,450,000
Proceeds from long-term borrowed funds		3,125,000	1,504,820
Repayments of long-term borrowed funds		(4,125,000)	(2,631,000)
Cash dividends paid on common stock		(158,092)	(158,690)
Cash dividends paid on preferred stock		(16,414)	(16,414)
Treasury stock repurchased		(50,190)	(67,125)
Payments relating to treasury shares received for restricted stock award tax payments		(8,523)	(7,702)
Net cash provided by financing activities		289,230	191,985
Net increase (decrease) in cash, cash equivalents, and restricted cash		662,657	(246,660)
Cash, cash equivalents, and restricted cash at beginning of period		741,870	1,474,955
Cash, cash equivalents, and restricted cash at end of period		1,404,527	1,228,295
Supplemental information:
Cash paid for interest		369,460	380,540
Cash paid for income taxes		10,386	75,280
Non-cash investing and financing activities:
Transfers to repossessed assets from loans		120	3,027
Operating lease liabilities arising from obtaining right-of-use assets as of January 1, 2019			324,360
Securitization of residential mortgage loans to mortgage-backed securities available for sale		41,871
Transfer of loans from held for investment to held for sale			70,418
Dispositions of premises and equipment			1,245
Shares issued for restricted stock awards		$ 22,198	$ 16,279
[1]	Includes $8.6 million and $16.3 million of amortization of operating lease right-of-use assets for the six months ended June 30, 2020 and June 30, 2019, respectively.
[2]	Includes $8.6 million and $16.3 million of amortization of operating lease liability for the six months ended June 30, 2020 and June 30, 2019, respectively.

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Statement Of Cash Flows [Abstract]
Amortization of operating lease right-of-use assets	$ 8.6	$ 16.3
Amortization of operating lease liability	$ 8.6	$ 16.3

Organization, Basis of Presenta

Organization, Basis of Presentation and Recently Adopted Accounting Standards	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Organization, Basis of Presentation and Recently Adopted Accounting Standards	Note 1. Organization, Basis of Presentation, and Recently Adopted Accounting Standards 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 issued its initial offering of common stock (par value: $0.01 per share) at a price of $25.00 per share ($0.93 per share on a split-adjusted basis, reflecting the impact of nine stock splits between 1994 and 2004). The Bank currently operates 237 branches, 19 of which operate directly under the Community Bank name. The remaining 218 Community Bank branches operate through eight divisional banks: Queens County Savings Bank, Roslyn Savings Bank, Richmond County Savings Bank, Roosevelt Savings Bank, and Atlantic Bank in New York; Garden State Community Bank in New Jersey; AmTrust Bank in Florida and Arizona; and Ohio Savings Bank in Ohio. 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 credit losses and the evaluation of goodwill for impairment. 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. When necessary, certain reclassifications have been made to prior-year amounts to conform to the current-year presentation. Recently Adopted Accounting Standards The Company adopted ASU No. 2020-04 upon issuance. The amendments provide optional expedients and exceptions for certain contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of rate reform. The guidance is effective from the date of issuance until December 31, 2022. If certain criteria are met, the amendments allow exceptions to the designation criteria of the hedging relationship and the assessment of hedge effectiveness during the transition period. At the time of adoption, the guidance did not have a material impact on the Company’s Consolidated Statements of Condition, results of operations, or cash flows. The Company will continue to assess the impact as the reference rate transition occurs. The Company adopted ASU No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments and its amendments, (“ASU No. 2016-13”) as of January 1, 2020. 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. The amendments in ASU No. 2016-13 replace the incurred loss impairment methodology 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 financial assets to present the net amount expected to be collected. For available-for-sale debt securities, credit losses will be presented as an allowance rather than as a write-down. The amendments affected loans, debt securities, trade receivables, 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 adopted ASU No. 2016-13 on a modified retrospective basis with a cumulative-effect adjustment to retained earnings as of the adoption date and, accordingly, the Company recorded a net of tax decrease of $10.5 million to retained earnings as of January 1, 2020. The results for prior period amounts continue to be reported in accordance with previously applicable GAAP. 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. The Company adopted ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement on January 1, 2020. The purpose of ASU No. 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 remove 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 modify 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 No. 2018-13 did not have a material effect on the Company’s Consolidated Statements of Condition, results of operations, or cash flows. The Company adopted, on a prospective basis, ASU No. 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment as of January 1, 2020. 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 impact of this adoption on the Company’s Consolidated Statements of Condition, results of operations, or cash flows will be dependent upon goodwill impairment determinations made after January 1, 2020. The adoption of ASU No. 2017-04 did not have a material effect on the Company’s Consolidated Statements of Condition, results of operations, or cash flows. During the six months ended June 30, 2020, the Company assessed the current environment, including the estimated impact of the COVID-19 pandemic on macroeconomic variables and economic forecasts and how those might impact the fair value of its reporting unit. After consideration of the items above and the first six months 2020 results, the Company determined it was not more-likely-than-not that the fair value of its reporting unit was below its book value as of June 30, 2020.

Computation of Earnings per Com

Computation of Earnings per Common Share	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Computation of Earnings per Common Share	Note 2. Computation of Earnings per Common Share Basic 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 Six Months Ended June 30, June 30, (in thousands, except share and per share amounts) 2020 2019 2020 2019 Net income available to common shareholders $ 97,140 $ 89,039 $ 189,261 $ 178,409 Less: Dividends paid on and earnings allocated to participating securities (1,186 ) (1,055 ) (3,331 ) (2,177 ) Earnings applicable to common stock $ 95,954 $ 87,984 $ 185,930 $ 176,232 Weighted average common shares outstanding 461,933,533 465,351,586 463,463,751 465,422,251 Basic earnings per common share $ 0.21 $ 0.19 $ 0.40 $ 0.38 Earnings applicable to common stock $ 95,954 $ 87,984 $ 185,930 $ 176,232 Weighted average common shares outstanding 461,933,533 465,351,586 463,463,751 465,422,251 Potential dilutive common shares 555,960 289,851 487,317 145,727 Total shares for diluted earnings per common share computation 462,489,493 465,641,437 463,951,068 465,567,978 Diluted earnings per common share and common share equivalents $ 0.21 $ 0.19 $ 0.40 $ 0.38

Reclassifications Out of Accumu

Reclassifications Out of Accumulated Other Comprehensive Loss	6 Months Ended
	Jun. 30, 2020
Reclassifications Of Accumulated Other Comprehensive Loss [Abstract]
Reclassifications Out of Accumulated Other Comprehensive Loss	Note 3: Reclassifications out of Accumulated Other Comprehensive Loss (in thousands) For the Six Months Ended June 30, 2020 Details about Accumulated Other Comprehensive Loss Amount Reclassified out of Accumulated Other Comprehensive Loss (1) Affected Line Item in the Consolidated Statements of Income and Comprehensive Income Unrealized gains on available-for-sale securities: $ 734 Net gain on securities (202 ) Income tax expense $ 532 Net gain on securities, net of tax Unrealized loss on cash flow hedges: $ (828 ) Interest expense 227 Income tax benefit $ (601 ) Net gain on cash flow hedges, net of tax Amortization of defined benefit pension plan items: Past service liability $ 124 Included in the computation of net periodic credit (2) Actuarial losses (3,674 ) Included in the computation of net periodic cost (2) (3,550 ) Total before tax 976 Income tax benefit $ (2,574 ) Amortization of defined benefit pension plan items, net of tax Total reclassifications for the period $ (2,643 ) (1) Amounts in parentheses indicate expense items. (2) See Note 8, “Pension and Other Post-Retirement Benefits,” for additional information.

Securities

Securities	6 Months Ended
	Jun. 30, 2020
Investments Debt And Equity Securities [Abstract]
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 June 30, 2020 and December 31, 2019: June 30, 2020 (in thousands) Amortized Cost Gross Unrealized Gain Gross Unrealized Loss Fair Value Debt securities available-for-sale Mortgage-Related Debt Securities: GSE certificates $ 1,288,192 $ 69,358 $ 35 $ 1,357,515 GSE CMOs 1,613,437 56,848 848 1,669,437 Total mortgage-related debt securities $ 2,901,629 $ 126,206 $ 883 $ 3,026,952 Other Debt Securities: U. S. Treasury obligations $ 61,938 $ 46 $ 3 $ 61,981 GSE debentures 672,101 6,439 — 678,540 Asset-backed securities (1) 440,261 94 18,962 421,393 Municipal bonds 26,366 729 185 26,910 Corporate bonds 870,475 11,434 15,084 866,825 Capital trust notes 95,290 5,064 14,773 85,581 Total other debt securities $ 2,166,431 $ 23,806 $ 49,007 $ 2,141,230 Total debt securities available for sale $ 5,068,060 $ 150,012 $ 49,890 $ 5,168,182 Equity Securities: Preferred stock $ 15,292 $ — $ 103 $ 15,189 Mutual funds and common stock (2) 16,871 1,458 18,329 Total equity securities $ 32,163 $ 1,458 $ 103 $ 33,518 Total securities (3) $ 5,100,223 $ 151,470 $ 49,993 $ 5,201,700 (1) The underlying assets of the asset-backed securities are substantially guaranteed by the U.S. Government. (2) Primarily consists of mutual funds that are CRA-qualified investments. (3) Excludes accrued interest receivable of $16.5 million included in other assets in the Consolidated Statements of Condition. December 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 $ 1,530,317 $ 26,069 $ 3,763 $ 1,552,623 GSE CMOs 1,783,440 21,213 3,541 1,801,112 Total mortgage-related debt securities $ 3,313,757 $ 47,282 $ 7,304 $ 3,353,735 Other Debt Securities: U.S. Treasury obligations $ 41,820 $ 19 $ — $ 41,839 GSE debentures 1,093,845 5,707 5,312 1,094,240 Asset-backed securities (1) 384,108 — 10,854 373,254 Municipal bonds 26,808 559 475 26,892 Corporate bonds 854,195 15,970 2,983 867,182 Capital trust notes 95,100 7,121 6,306 95,915 Total other debt securities $ 2,495,876 $ 29,376 $ 25,930 $ 2,499,322 Total other securities available for sale $ 5,809,633 $ 76,658 $ 33,234 $ 5,853,057 Equity Securities: Preferred stock $ 15,292 $ 122 $ — $ 15,414 Mutual funds and common stock (2) 16,871 718 173 17,416 Total equity securities $ 32,163 $ 840 $ 173 $ 32,830 Total securities (3) $ 5,841,796 $ 77,498 $ 33,407 $ 5,885,887 (1) The underlying assets of the asset-backed securities are substantially guaranteed by the U.S. Government. (2) Primarily consists of mutual funds that are CRA-qualified investments. (3) Excludes accrued interest receivable of $24.4 million included in other assets in the Consolidated Statements of Condition. At June 30, 2020 and December 31, 2019, respectively, the Company had $668.7 million and $647.6 million of FHLB-NY stock, at cost. The Company maintains an investment in FHLB-NY stock partly in conjunction with its membership in the FHLB and partly related to its access to the FHLB funding it utilizes. The following table summarizes the gross proceeds, gross realized gains, and gross realized losses from the sale of available-for-sale securities during the six months ended June 30, 2020 and 2019: For the Six Months Ended June 30, (in thousands) 2020 2019 Gross proceeds $ 442,075 $ 363,346 Gross realized gains 1,877 5,445 Gross realized losses 1,143 — Net unrealized gains on equity securities recognized in earnings for the three and six months ended June 30, 2020 were $902,000 and $687,000, respectively. Net unrealized losses on equity securities recognized in earnings for the three and six months ended June 30, 2019 were $457,000 and $1.2 million, respectively. The following table summarizes, by contractual maturity, the amortized cost of securities at June 30, 2020: 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 $ 109,229 3.54 % $ 68,888 0.99 % $ 149 6.66 % $ — — % $ 179,930 Due from one to five years 462,094 3.11 25,924 3.39 — — 196,373 3.15 724,999 Due from five to ten years 148,386 2.71 316,056 3.21 20,334 3.50 761,943 2.39 1,247,921 Due after ten years 2,181,920 2.55 323,171 2.15 5,883 3.33 447,710 1.41 3,015,332 Total debt securities available for sale $ 2,901,629 2.69 $ 734,039 2.54 $ 26,366 3.48 $ 1,406,026 2.18 $ 5,168,182 (1) Not presented on a tax-equivalent basis. (2) Includes corporate bonds, capital trust notes, and asset-backed securities. The following table presents securities with no related allowance having a continuous unrealized loss position for less than twelve months and for twelve months or longer as of June 30, 2020: 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. Treasury obligations $ 9,997 $ 3 $ — $ — $ 9,997 $ 3 GSE certificates 13,142 35 — — 13,142 35 GSE CMOs 24,532 28 240,311 820 264,843 848 Asset-backed securities — — 361,265 18,962 361,265 18,962 Municipal bonds — — 9,215 185 9,215 185 Corporate bonds 483,178 6,274 241,190 8,810 724,368 15,084 Capital trust notes 43,034 3,897 32,981 10,876 76,015 14,773 Equity securities 15,190 103 — — 15,190 103 Total temporarily impaired securities $ 589,073 $ 10,340 $ 884,962 $ 39,653 $ 1,474,035 $ 49,993 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, 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. Treasury obligations $ 11,917 $ — $ — $ — $ 11,917 $ — U. S. Government agency and GSE obligations 297,179 3,916 138,189 1,396 435,368 5,312 GSE certificates 396,930 3,718 7,542 45 404,472 3,763 GSE CMOs 609,502 2,582 133,955 959 743,457 3,541 Asset-backed securities 256,619 10,854 116,635 — 373,254 10,854 Municipal bonds — — 9,349 475 9,349 475 Corporate bonds 99,300 700 172,717 2,283 272,017 2,983 Capital trust notes — — 37,525 6,306 37,525 6,306 Equity securities — — 11,633 173 11,633 173 Total temporarily impaired securities $ 1,671,447 $ 21,770 $ 627,545 $ 11,637 $ 2,298,992 $ 33,407 The investment securities designated as having a continuous loss position for twelve months or more at June 30, 2020 consisted of seven agency collateralized mortgage obligations, five capital trusts notes, seven asset-backed securities, three corporate bonds, and one municipal bond. The investment securities designated as having a continuous loss position for twelve months or more at December 31, 2019 consisted of seven US Government agency securities, five capital trusts notes, three agency mortgage-related securities, three agency CMOs, three asset-backed securities, two corporate bonds, one municipal bond, and one mutual fund. The Company evaluates available-for-sale debt securities in unrealized loss positions at least quarterly to determine if an allowance for credit losses is required. Based on an evaluation of available information about past events, current conditions, and reasonable and supportable forecasts that are relevant to collectability, the Company has concluded that it expects to receive all contractual cash flows from each security held in its available-for-sale securities portfolio. We first assess whether (i) we intend to sell, or (ii) it is more likely than not that we will be required to sell the security before recovery of its amortized cost basis. If either of these criteria is met, any previously recognized allowances are charged off and the security’s amortized cost basis is written down to fair value through income. If neither of the aforementioned criteria are met, we evaluate whether the decline in fair value has resulted from credit losses or other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an allowance for credit losses is recognized in other comprehensive income. None of the unrealized losses identified as of June 30, 2020 or December 31, 2019 relates to the marketability of the securities or the issuers’ ability to honor redemption obligations. Rather, the unrealized losses relate to changes in interest rates relative to when the investment securities were purchased, and do not indicate credit-related impairment. Management based this conclusion on an analysis of each issuer including a detailed credit assessment of each issuer. The Company does not intend to sell, and it is not more likely than not that the Company will be required to sell the positions before the recovery of their amortized cost basis, which may be at maturity. As such, no allowance for credit losses was recorded with respect to debt securities as of or during the six months ended June 30, 2020. Management has made the accounting policy election to exclude accrued interest receivable on available-for-sale securities from the estimate of credit losses. Available-for-sale debt securities are placed on non-accrual status when we no longer expect to receive all contractual amounts due, which is generally at 90 days past due. Accrued interest receivable is reversed against interest income when a security is placed on non-accrual status.

Loans and Leases

Loans and Leases	6 Months Ended
	Jun. 30, 2020
Receivables [Abstract]
Loans and Leases	Note 5. Loans and Leases The following table sets forth the composition of the loan portfolio at the dates indicated: June 30, 2020 December 31, 2019 (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 $ 31,597,075 74.80 % $ 31,158,672 74.46 % Commercial real estate 6,929,883 16.40 % 7,081,910 16.93 One-to-four family 320,740 0.76 % 380,361 0.91 Acquisition, development, and construction 126,402 0.30 % 200,596 0.48 Total mortgage loans held for investment (1) 38,974,100 92.26 % $ 38,821,539 92.78 Other Loans: Commercial and industrial 1,571,432 3.72 % 1,742,380 4.16 Lease financing, net of unearned income of $123,141 and $104,826, respectively 1,693,640 4.01 % 1,271,998 3.04 Total commercial and industrial loans (2) 3,265,072 7.73 % 3,014,378 7.20 Other 6,723 0.01 % 8,102 0.02 Total other loans held for investment (1) 3,271,795 7.74 % 3,022,480 7.22 Total loans and leases held for investment $ 42,245,895 100.00 % $ 41,844,019 100.00 % Net deferred loan origination costs 60,292 50,136 Allowance for loan and lease losses (174,287 ) (147,638 ) Total loans and leases held for investment, net $ 42,131,900 $ 41,746,517 Loans held for sale 103,362 — Total loans and leases, net $ 42,235,262 $ 41,746,517 (1) Excludes accrued interest receivable of $167.3 million and $116.9 million at June 30, 2020 and December 31, 2019, respectively, which is included in other assets in the Consolidated Statements of Condition. (2) Includes specialty finance loans and leases of $2.9 billion and $2.6 billion, respectively, at June 30, 2020 and December 31, 2019, and other C&I loans of $380.9 million and $420.1 million, respectively, at June 30, 2020 and December 31, 2019. Loans 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 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 long-term relationships with its experienced lending officers. Each of these credits is secured with a perfected first security interest in or outright ownership of 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 June 30, 2020 and December 31, 2019, were mortgage loans of $38.0 million and $38.2 million, respectively, to officers, directors, and their related interests and parties. There were no loans to principal shareholders at that date. Asset Quality A loan generally is classified as a non-accrual loan when it is 90 days or more past due or when it is deemed to be impaired because the Company no longer expects to collect all amounts due according to the contractual terms of the loan agreement. When a loan is placed on non-accrual status, management ceases the accrual of interest owed, and previously accrued interest is charged against interest income. A loan is generally returned to accrual status when the loan is current and management has reasonable assurance that the loan will be fully collectible. Interest income on non-accrual loans is recorded when received in cash. At June 30, 2020 and December 31, 2019, all of our non-performing loans were non-accrual loans. The following table presents information regarding the quality of the Company’s loans held for investment at June 30, 2020: (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 $ 383 $ 6,316 $ — $ 6,699 $ 31,583,677 $ 31,597,075 Commercial real estate 326 16,183 — 16,509 6,896,865 6,929,883 One-to-four family 1,361 1,716 — 3,077 314,586 320,740 Acquisition, development, and construction — — — — 126,402 126,402 Commercial and industrial (1) (2) — 29,454 — 29,454 3,206,164 3,265,072 Other 65 2 — 67 6,589 6,723 Total loans and leases held for investment $ 2,135 $ 53,671 $ — $ 55,806 $ 42,134,283 $ 42,245,895 (1) Includes $26.0 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. The following table presents information regarding the quality of the Company’s loans held for investment at December 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 $ 1,131 $ 5,407 $ — $ 6,538 $ 31,152,134 $ 31,158,672 Commercial real estate 2,545 14,830 — 17,375 7,064,535 7,081,910 One-to-four family — 1,730 — 1,730 378,631 380,361 Acquisition, development, and construction — — — — 200,596 200,596 Commercial and industrial (1) (2) — 39,024 — 39,024 2,975,354 3,014,378 Other 44 252 — 296 7,806 8,102 Total $ 3,720 $ 61,243 $ — $ 64,963 $ 41,779,056 $ 41,844,019 (1) Includes $30.4 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. The following table summarizes the Company’s portfolio of loans held for investment by credit quality indicator at June 30, 2020: 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 $ 31,302,833 $ 6,647,278 $ 317,411 $ 100,832 $ 38,368,354 $ 3,199,250 $ 6,721 $ 3,205,971 Special mention 230,210 193,232 1,618 25,570 450,630 3,894 — 3,894 Substandard 64,032 89,373 1,711 155,116 61,928 2 61,930 Doubtful — — Total $ 31,597,075 $ 6,929,883 $ 320,740 $ 126,402 $ 38,974,100 $ 3,265,072 $ 6,723 $ 3,271,795 (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, 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 $ 30,903,657 $ 6,902,218 $ 377,883 $ 158,751 $ 38,342,509 $ 2,960,557 $ 7,850 $ 2,968,407 Special mention 239,664 104,648 748 41,456 386,516 1,588 — 1,588 Substandard 15,351 75,044 1,730 389 92,514 52,233 252 52,485 Doubtful — — — — — — — — Total $ 31,158,672 $ 7,081,910 $ 380,361 $ 200,596 $ 38,821,539 $ 3,014,378 $ 8,102 $ 3,022,480 (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. The following table presents, by credit quality indicator, loan class, and year of origination, the amortized cost basis of the Company’s loans and leases as of June 30, 2020. (in thousands) Vintage Year Risk Rating Group 2020 2019 2018 2017 2016 Prior To 2016 Revolving Loans Total Pass $ 4,311,632 $ 7,066,229 $ 6,737,878 $ 5,204,929 $ 4,234,835 $ 10,816,916 $ 22,631 $ 38,395,050 Special Mention — 2,267 68,295 77,061 126,081 176,358 790 450,852 Substandard — — 7,582 18,866 49,372 78,557 — 154,377 Total mortgage loans $ 4,311,632 $ 7,068,496 $ 6,813,755 $ 5,300,856 $ 4,410,288 $ 11,071,831 $ 23,421 $ 39,000,279 Pass 579,851 904,008 205,400 236,169 137,604 157,650 1,019,443 3,240,125 Special Mention — 42 — — — — 3,850 3,892 Substandard 1,042 8,350 3,711 15,454 4,190 3,473 25,673 61,893 Total other loans 580,893 912,400 209,111 251,623 141,794 161,123 1,048,966 3,305,910 Total $ 4,892,525 $ 7,980,896 $ 7,022,866 $ 5,552,479 $ 4,552,082 $ 11,232,954 $ 1,072,387 $ 42,306,189 When management determines that foreclosure is probable, expected credit losses are based on the fair value of the collateral adjusted for selling costs. When the borrower is experiencing financial difficulty at the reporting date and repayment is expected to be provided substantially through the operation or sale of the collateral, the collateral-dependent practical expedient has been elected and expected credit losses are based on the fair value of the collateral at the reporting date, adjusted for selling costs as appropriate. For CRE loans, collateral properties include office buildings, warehouse/distribution buildings, shopping centers, apartment buildings, residential and commercial tract development. The primary source of repayment on these loans is expected to come from the sale, permanent financing or lease of the real property collateral. CRE loans are impacted by fluctuations in collateral values, as well as the ability of the borrower to obtain permanent financing. The following table summarizes the extent to which collateral secures the Company’s collateral-dependent loans held for investment by collateral type as of June 30, 2020: Collateral Type (in thousands) Real Property Other Multi-family $ 2,248 $ — Commercial real estate 29,824 — One-to-four family 570 — Acquisition, development, and construction — 37,135 Commercial and industrial — — Other — Total collateral-dependent loans held for investment $ 32,642 $ 37,135 Other collateral primarily consists of taxi medallions, cash, accounts receivable and inventory. There were no significant changes in the extent to which collateral secures the Company’s collateral-dependent financial assets during the three months ended June 30, 2020. 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 determining the Company’s allowance for loan and lease losses, reasonably expected TDRs are individually evaluated and consist of criticized, classified, or maturing loans that will have a modification processed within the next three 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 June 30, 2020, loans on which concessions were made with respect to rate reductions and/or extension of maturity dates amounted to $18.6 million; loans on which forbearance agreements were reached amounted to $26.3 million. The CARES Act was enacted on March 27, 2020. Under the CARES Act, the Company made the election to deem that loan modifications do not result in TDRs if they are (1) related to the novel coronavirus disease (“COVID-19”); (2) executed on a loan that was not more than 30 days past due as of December 31, 2019; and (3) executed between March 1, 2020, and the earlier of (A) 60 days after the date of termination of the National Emergency or (B) December 31, 2020. This includes short-term (e.g., up to six months) modifications such as payment deferrals, fee waivers, extensions of repayment terms, or delays in payment that are insignificant. Borrowers considered current are those that are less than 30 days past due on their contractual payments at the time a modification program is implemented. At June 30, 2020, total payment deferrals for the entire loan portfolio were $7.4 billion. The following table presents information regarding the Company’s TDRs as of June 30, 2020 and December 31, 2019: June 30, 2020 December 31, 2019 (in thousands) Accruing Non- Accrual Total Accruing Non- Accrual Total Loan Category: Multi-family $ — $ 2,248 $ 2,248 $ — $ 3,577 $ 3,577 Commercial real estate 15,119 — 15,119 — — — One-to-four family — 570 570 — 584 584 Acquisition, development, and construction — — — 389 — 389 Commercial and industrial (1) 865 26,146 27,011 865 35,084 35,949 Other — — — — — — Total $ 15,984 $ 28,964 $ 44,948 $ 1,254 $ 39,245 $ 40,499 (1) Includes $20.1 million and $30.4 million of taxi medallion-related loans at June 30, 2020 and December 31, 2019, respectively 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 June 30, 2020 and 2019 are summarized as follows: For the Three Months Ended June 30, 2020 Weighted Average Interest Rate (dollars in thousands) Number of Loans Pre- Modification Recorded Investment Post- Modification Recorded Investment Pre- Modification Post- Modification Charge- off Amount Capitalized Interest Loan Category: Commercial real estate 1 $ 15,119 $ 15,119 8.00 % 3.50 % $ - $ - Commercial and industrial 11 2,484 1,391 2.92 2.92 1,093 — Total 12 $ 17,603 $ 16,510 7.28 3.45 $ 1,093 $ - For the Three Months Ended June 30, 2019 Weighted Average Interest Rate (dollars in thousands) 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 $ 19,350 $ 18,004 5.31 % 5.45 % $ 1,346 $ — The financial effects of the Company’s TDRs for the six months ended June 30, 2020 and 2019 are summarized as follows: For the Six Months Ended June 30, 2020 Weighted Average Interest Rate (dollars in thousands) Number of Loans Pre- Modification Recorded Investment Post- Modification Recorded Investment Pre- Modification Post- Modification Charge- off Amount Capitalized Interest Loan Category: Commercial real estate 1 $ 15,119 $ 15,119 8.00 % 3.50 % $ - $ - Commercial and industrial 19 4,404 2,963 3.08 3.03 1,441 — Total 20 $ 19,523 $ 18,082 6.89 3.42 $ 1,441 $ - For the Six Months Ended June 30, 2019 Weighted Average Interest Rate (dollars in thousands) 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 30 $ 23,544 $ 21,092 4.95 % 5.09 % $ 2,452 $ — At June 30, 2020, 40 C&I loans in the aggregate amount of $6.4 million have been modified as TDRs during the twelve months ended at that date, and were in payment default. At June 30, 2019, 13 C&I loans in the aggregate amount of $3.3 million that had been modified as TDRs during the twelve months ended at that date and were in payment default. 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. Management takes into consideration all TDR modifications in determining the appropriate level of the allowance.

Allowance for Loan and Lease Lo

Allowance for Loan and Lease Losses	6 Months Ended
	Jun. 30, 2020
Text Block [Abstract]
Allowance for Loan and Lease Losses	Note 6. Allowance for Loan and Lease Losses Allowance for Credit Losses on Loans and Leases The following table summarizes activity in the allowance for loan and lease losses for the periods indicated: Six Months Ended June 30, 2020 2019 (in thousands) Mortgage Other Total Mortgage Other Total Balance, beginning of period $ 122,695 $ 24,943 $ 147,638 $ 130,983 $ 28,837 $ 159,820 Impact of CECL adoption 99 1,812 1,911 — — — Charge-offs — (14,323 ) (14,323 ) — (9,830 ) (9,830 ) Recoveries 60 283 343 22 478 500 Provision for (recovery of) credit losses on loans 34,653 4,065 38,718 (8,917 ) 9,539 622 Balance, end of period $ 157,507 $ 16,780 $ 174,287 $ 122,088 $ 29,024 $ 151,112 ASU No. 2016-13 replaces the incurred loss methodology with an expected loss methodology that is referred to as the current expected credit loss (“CECL”) methodology. The measurement of expected credit losses under CECL is applicable to financial assets measured at amortized cost, including loan receivables. It also applies to off-balance sheet exposures not accounted for as insurance and net investments in leases accounted for under ASC Topic 842. The allowance for loan and lease losses is deducted from the amortized cost basis of a financial asset or a group of financial assets so that the balance sheet reflects the net amount the Company expects to collect. Amortized cost is the principal balance outstanding, net of purchase premiums and discounts, fair value hedge accounting adjustments, and deferred fees and costs. Subsequent changes (favorable and unfavorable) in expected credit losses are recognized immediately in net income as a credit loss expense or a reversal of credit loss expense. Management estimates the allowance by projecting probability-of-default, loss-given-default and exposure-at-default depending on economic parameters for each month of the remaining contractual term. Economic parameters are developed using available information relating to past events, current conditions, and reasonable and supportable forecasts. The Company’s reasonable and supportable forecast period reverts to a historical norm based on inputs within 36 months. Historical credit experience provides the basis for the estimation of expected credit losses, with adjustments made for differences in current loan-specific risk characteristics such as differences in underwriting standards, portfolio mix, delinquency levels and terms, as well as for changes in environmental conditions, such as changes in unemployment rates, property values or other relevant factors. Expected credit losses are estimated over the contractual term of the loans, adjusted for forecasted prepayments when appropriate. The contractual term excludes potential extensions or renewals. The methodology used in the estimation of the allowance for loan and lease losses, which is performed at least quarterly, is designed to be dynamic and responsive to changes in portfolio credit quality and forecasted economic conditions. Each quarter, we reassess the appropriateness of the reasonable and supportable period, the reversion period and historical mean at the Classes of Financing Receivable (“CFR”) level, considering any required adjustments for differences in underwriting standards, portfolio mix, and other relevant data shifts over time. The allowance for loan and lease losses is measured on a collective (pool) basis when similar risk characteristics exist. Management believes the products within each of the entity’s portfolio classes exhibit similar risk characteristics. Loans that are determined to have unique risk characteristics are evaluated on an individual basis by management. If a loan is determined to be collateral dependent, or meets the criteria to apply the collateral dependent practical expedient, expected credit losses are determined based on the fair value of the collateral at the reporting date, less costs to sell as appropriate. The macroeconomic data used in the quantitative models are based on a reasonable and supportable forecast period of 24 months. The Company leverages economic projections including property market and prepayment forecasts from established independent third parties to inform its loss drivers in the forecast. Beyond this forecast period, we revert to a historical average loss rate. This reversion to the mean is performed on a straight-line basis over 12 months. CFR represent the level at which a systematic methodology is applied to estimate credit losses. Smaller pools of homogenous financing receivables with homogeneous risk characteristics were modeled using the methodology selected for the CFR to which factors in the qualitative scorecard include: concentration, modeling and forecast imprecision and limitations, policy and underwriting, prepayment uncertainty, external factors, nature and volume, management, and loan review. Each factor is subject to an evaluation of metrics, consistently applied, to measure adjustments needed for each reporting period. Loans that do not share risk characteristics are evaluated on an individual basis. These include loans that are in nonaccrual status with balances above management determined materiality thresholds depending on loan class and also loans that are designated as TDR or “reasonably expected TDR” (criticized, classified, or maturing loans that will have a modification processed within the next three months). In addition, all taxi medallion loans are individually evaluated. The Company maintains an allowance for credit losses on off-balance sheet credit exposures. We estimate expected credit losses over the contractual period in which the Company is exposed to credit risk via a contractual obligation to extend credit, unless that obligation is unconditionally cancellable by the Company. The allowance for credit losses on off-balance sheet credit exposures is adjusted as a provision for credit losses expense. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over their estimated life. The Company examined historical credit conversion factor (“CCF”) trends to estimate utilization rates, and chose an appropriate mean CCF based on both management judgment and quantitative analysis. Quantitative analysis involved examination of CCFs over a range of fund-up windows (between 12 and 36 months) and comparison of the mean CCF for each fund-up window with management judgment determining whether the highest mean CCF across fund-up windows made business sense. The Company applies the same standards and estimated loss rates to the credit exposures as to the related class of loans. We charge off loans, or portions of loans, in the period that such loans, or portions thereof, are deemed uncollectible. The collectability of individual loans is determined through an assessment of the financial condition and repayment capacity of the borrower and/or through an estimate of the fair value of any underlying collateral. For non-real estate-related consumer credits, the following past-due time periods determine when charge-offs are typically recorded: (1) closed-end credits are charged off in the quarter that the loan becomes 120 days past due; (2) open-end credits are charged off in the quarter that the loan becomes 180 days past due; and (3) both closed-end and open-end credits are typically charged off in the quarter that the credit is 60 days past the date we received notification that the borrower has filed for bankruptcy. The following table presents additional information about the Company’s nonaccrual loans at June 30, 2020: (in thousands) Recorded Investment Related Allowance Interest Income Recognized Nonaccrual loans with no related allowance: Multi-family $ 2,248 $ — $ 121 Commercial real estate 14,699 - $ 24 One-to-four family 570 - $ 10 Acquisition, development, and construction - - $ — Other 29,456 - $ 651 Total nonaccrual loans with no related allowance $ 46,973 $ — $ 806 Nonaccrual loans with an allowance recorded: Multi-family $ 4,068 $ 443 $ 28 Commercial real estate 1,484 117 $ 31 One-to-four family 1,146 201 $ 7 Acquisition, development, and construction - - $ — Other - - $ — Total nonaccrual loans with an allowance recorded $ 6,698 $ 761 $ 66 Total nonaccrual loans: Multi-family $ 6,316 $ 443 $ 149 Commercial real estate 16,183 117 55 One-to-four family 1,716 201 17 Acquisition, development, and construction - - - Other 29,456 - 651 Total nonaccrual loans $ 53,671 $ 761 $ 872 The following table presents additional information about the Company’s impaired loans at December 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 $ 3,577 $ 6,790 $ — $ 4,336 $ 266 Commercial real estate 14,717 19,832 — 6,140 371 One-to-four family 584 602 — 811 21 Acquisition, development, and construction 389 1,289 — 3,508 364 Other 37,669 114,636 — 39,598 2,494 Total impaired loans with no related allowance $ 56,936 $ 143,149 $ — $ 54,393 $ 3,516 Impaired loans with an allowance recorded: Multi-family $ — $ — $ — $ — $ — Commercial real estate One-to-four family Acquisition, development, and construction Other 1,445 4,173 116 4,111 13 Total impaired loans with an allowance recorded $ 1,445 $ 4,173 $ 116 $ 4,111 $ 13 Total impaired loans: Multi-family $ 3,577 $ 6,790 $ — $ 4,336 $ 266 Commercial real estate 14,717 19,832 — 6,140 371 One-to-four family 584 602 — 811 21 Acquisition, development, and construction 389 1,289 — 3,508 364 Other 39,114 118,809 116 43,709 2,507 Total impaired loans $ 58,381 $ 147,322 $ 116 $ 58,504 $ 3,529

Borrowed Funds

Borrowed Funds	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Borrowed Funds	Note 7. Borrowed Funds The following table summarizes the Company’s borrowed funds at the dates indicated: (in thousands) June 30, 2020 December 31, 2019 Wholesale Borrowings: FHLB advances $ 13,552,661 $ 13,102,661 Repurchase agreements 800,000 800,000 Total wholesale borrowings $ 14,352,661 $ 13,902,661 Junior subordinated debentures 360,058 359,866 Subordinated notes 295,345 295,066 Total borrowed funds $ 15,008,064 $ 14,557,593 The following table summarizes the Company’s repurchase agreements accounted for as secured borrowings at June 30, 2020: 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 At June 30, 2020 and December 31, 2019, the Company had $295.3 million and $295.1million, respectively, of fixed-to-floating rate subordinated notes outstanding: Date of Original Issue Stated Maturity Interest Rate (1) Original Issue Amount (dollars in thousands) Nov. 6, 2018 Nov. 6, 2028 5.90 % $ 300,000 (1) From and including the date of original issuance to, but excluding November 6, 2023, the Notes will bear interest at an initial rate of 5.90% per annum payable semi-annually. Unless redeemed, from and including November 6, 2023 to but excluding the maturity date, the interest rate will reset quarterly to an annual interest rate equal to the then-current three-month LIBOR rate plus 278 basis points payable quarterly. Junior Subordinated Debentures At June 30, 2020 and December 31, 2019, the Company had $360.1 million and $359.9 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. The following junior subordinated debentures were outstanding at June 30, 2020: Issuer Interest Rate of Capital Securities and Debentures Junior Subordinated Debentures Amount Outstanding Capital Securities Amount Outstanding Date of Original Issue Stated Maturity First Optional Redemption Date (dollars in thousands) New York Community Capital Trust V (BONUSES SM 6.00 % $ 146,132 $ 139,781 Nov. 4, 2002 Nov. 1, 2051 Nov. 4, 2007 (1) New York Community Capital Trust X 2.34 123,712 120,000 Dec. 14, 2006 Dec. 15, 2036 Dec. 15, 2011 (2) PennFed Capital Trust III 3.99 30,928 30,000 June 2, 2003 June 15, 2033 June 15, 2008 (2) New York Community Capital Trust XI 3.02 59,286 57,500 April 16, 2007 June 30, 2037 June 30, 2012 (2) Total junior subordinated debentures $ 360,058 $ 347,281 (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-Retireme

Pension and Other Post-Retirement Benefits	6 Months Ended
	Jun. 30, 2020
General Discussion Of Pension And Other Postretirement Benefits [Abstract]
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 June 30, 2020 2019 (in thousands) Pension Benefits Post- Retirement Benefits Pension Benefits Post- Retirement Benefits Components of net periodic (credit) expense: (1) Interest cost $ 1,173 $ 82 $ 1,415 $ 128 Expected return on plan assets (3,876 ) - (3,483 ) — Amortization of prior-service costs - (62 ) — (62 ) Amortization of net actuarial loss 1,831 6 2,509 31 Net periodic (credit) expense $ (872 ) $ 26 $ 441 $ 97 For the Six Months Ended June 30, 2020 2019 (in thousands) Pension Benefits Post- Retirement Benefits Pension Benefits Post- Retirement Benefits Components of net periodic (credit) expense: (1) Interest cost $ 2,346 $ 164 $ 2,830 $ 256 Expected return on plan assets (7,752 ) — (6,966 ) — Amortization of prior-service costs — (124 ) — (124 ) Amortization of net actuarial loss 3,662 12 5,018 62 Net periodic (credit) expense $ (1,744 ) $ 52 $ 882 $ 194 (1) Amounts are included in G&A expense on the Consolidated Statements of Income and Comprehensive Income. The Company expects to contribute $947,000 to its post-retirement plan to pay premiums and claims for the fiscal year ending December 31, 2020. The Company does not expect to make any contributions to its pension plan in 2020.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-Based Compensation	Note 9. Stock-Based Compensation At June 30, 2020, the Company had a total of 11,557,874 shares available for grants as restricted stock, options, or other forms of related rights. The Company granted 2,390,345 shares of restricted stock, with an average fair value of $11.64 per share on the date of grant, during the six months ended June 30, 2020. During the six months ended June 30, 2019, the Company granted 1,940,798 shares of restricted stock, with an average fair value of $10.42 per share. The shares of restricted stock that were granted during the six months ended June 30, 2020 and 2019, vest over a three or five year period. Compensation and benefits expense related to the restricted stock grants is recognized on a straight-line basis over the vesting period and totaled $16.3 million and $15.5 million, respectively, for the six months ended June 30, 2020 and 2019, including $8.1 million and $7.6 million for the three months ended at those dates. The following table provides a summary of activity with regard to restricted stock awards in the six months ended June 30, 2020: Number of Shares Weighted Average Grant Date Fair Value Unvested at beginning of year 6,516,101 $ 13.31 Granted 2,390,345 11.64 Vested (2,097,411 ) 14.09 Canceled (110,000 ) 12.62 Unvested at end of period 6,699,035 12.49 As of June 30, 2020, unrecognized compensation cost relating to unvested restricted stock totaled $78.1 million. This amount will be recognized over a remaining weighted average period of 3.2 years. In addition, the Company has granted a total of 865,855 Performance-Based Restricted Stock Units (“PSUs”). The PSUs have a performance period of January 1, 2019 to December 31, 2022 and vest on April 1, 2022, subject to adjustment or forfeiture, based upon the achievement by the Company of certain performance standards. Included in the total PSUs granted are 446,181 shares granted during the three months ended June 30, 2020. Compensation and benefits expense related to PSUs is recognized using the fair value as of the date the units were approved, on a straight-line basis over the vesting period and totaled $540,000 and $947,000 for the three and six months ended June 30, 2020, respectively. No PSUs were granted during 2019. As of June 30, 2020, the Company believes it is probable that the performance conditions will be met. During the first quarter of 2020, the Company began to match employee 401(k) plan contributions. Such expense totaled $1.3 million and $3.0 million for the three and six months ended June 30, 2020, respectively.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
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 June 30, 2020 and December 31, 2019, and that were included in the Company’s Consolidated Statements of Condition at those dates: Fair Value Measurements at June 30, 2020 (in thousands) Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Netting Adjustments Total Fair Value Assets: Mortgage-Related Debt Securities Available for Sale: GSE certificates $ — $ 1,357,515 $ — $ — $ 1,357,515 GSE CMOs — 1,669,437 — — 1,669,437 Total mortgage-related debt securities $ — $ 3,026,952 $ — $ — $ 3,026,952 Other Debt Securities Available for Sale: U. S. Treasury obligations $ 61,981 $ — $ — $ — $ 61,981 GSE debentures — 678,540 — — 678,540 Asset-backed securities — 421,393 — — 421,393 Municipal bonds — 26,910 — — 26,910 Corporate bonds — 866,825 — — 866,825 Capital trust notes — 85,581 — — 85,581 Total other debt securities $ 61,981 $ 2,079,249 $ — $ — $ 2,141,230 Total debt securities available for sale $ 61,981 $ 5,106,201 $ — $ — $ 5,168,182 Equity securities: Preferred stock $ 15,189 $ — $ — $ — $ 15,189 Mutual funds and common stock — 18,329 — — 18,329 Total equity securities $ 15,189 $ 18,329 $ — $ — $ 33,518 Total securities $ 77,170 $ 5,124,530 $ — $ — $ 5,201,700 Fair Value Measurements at December 31, 2019 (in thousands) Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Netting Adjustments Total Fair Value Assets: Mortgage-Related Debt Securities Available for Sale: GSE certificates $ — $ 1,552,623 $ — $ — $ 1,552,623 GSE CMOs — 1,801,112 — — 1,801,112 Total mortgage-related debt securities $ — $ 3,353,735 $ — $ — $ 3,353,735 Other Debt Securities Available for Sale: U.S. Treasury obligations $ 41,839 $ — $ — $ — $ 41,839 GSE debentures — 1,094,240 — — 1,094,240 Asset-backed securities — 373,254 — — 373,254 Municipal bonds — 26,892 — — 26,892 Corporate bonds — 867,182 — — 867,182 Capital trust notes — 95,915 — — 95,915 Total other debt securities $ 41,839 $ 2,457,483 $ — $ — $ 2,499,322 Total debt securities available for sale $ 41,839 $ 5,811,218 $ — $ — $ 5,853,057 Equity securities: Preferred stock $ 15,414 $ — $ — $ — $ 15,414 Mutual funds and common stock — 17,416 — — 17,416 Total equity securities $ 15,414 $ 17,416 $ — $ — $ 32,830 Total securities $ 57,253 $ 5,828,634 $ — $ — $ 5,885,887 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 June 30, 2020 and December 31, 2019, and that were included in the Company’s Consolidated Statements of Condition at those dates: Fair Value Measurements at June 30, 2020 Using (in thousands) Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Fair Value Certain impaired loans (1) $ — $ — $ 35,696 $ 35,696 Other assets (2) — — 2,862 2,862 Total $ — $ — $ 38,558 $ 38,558 (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, 2019 Using (in thousands) Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Fair Value Certain impaired loans (1) $ — $ — $ 42,767 $ 42,767 Other assets (2) — — 1,481 1,481 Total $ — $ — $ 44,248 $ 44,248 (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 June 30, 2020 and December 31, 2019: June 30, 2020 Fair Value Measurement Using (in thousands) Carrying Value Estimated Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Financial Assets: Cash and cash equivalents $ 1,404,527 $ 1,404,527 $ 1,404,527 $ — $ — FHLB stock (1) 668,698 668,698 — 668,698 — Loans, net 42,235,262 41,894,718 — — 41,894,718 Financial Liabilities: Deposits $ 31,729,581 $ 31,797,595 $ 19,687,327 (2 ) $ 12,110,268 (3 ) $ — Borrowed funds 15,008,064 15,776,408 — 15,776,408 — (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, 2019 Fair Value Measurement Using (in thousands) Carrying Value Estimated Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Financial Assets: Cash and cash equivalents $ 741,870 $ 741,870 $ 741,870 $ — $ — FHLB stock (1) 647,562 647,562 — 647,562 — Loans, net 41,746,517 41,699,929 — $ — 41,699,929 Financial Liabilities: Deposits $ 31,657,132 $ 31,713,945 $ 17,442,274 (2 ) $ 14,271,671 (3 ) $ — Borrowed funds 14,557,593 14,882,776 — 14,882,776 — (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-NY 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. 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 June 30, 2020 and December 31, 2019.

Leases

Leases	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Leases	Note 11. Leases Lessor Arrangements The Company is a lessor in the equipment finance business where it has executed direct financing leases (“lease finance receivables”). The Company produces lease finance receivables through a specialty finance subsidiary that participates in syndicated loans that are brought to them, and equipment loans and leases that are assigned to them, by a select group of nationally recognized sources, and are generally 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. Lease finance receivables are carried at the aggregate of lease payments receivable plus the estimated residual value of the leased assets and any initial direct costs incurred to originate these leases, less unearned income, which is accreted to interest income over the lease term using the interest method. The standard leases are typically repayable on a level monthly basis with terms ranging from 24 to 120 months. At the end of the lease term, the lessee usually has the option to return the equipment, to renew the lease or purchase the equipment at the then fair market value (“FMV”) price. For leases with a FMV renewal/purchase option, the relevant residual value assumptions are based on the estimated value of the leased asset at the end of lease term, including evaluation of key factors, such as, the estimated remaining useful life of the leased asset, its historical secondary market value including history of the lessee executing the FMV option, overall credit evaluation and return provisions. The Company acquires the leased asset at fair market value and provides funding to the respective lessee at acquisition cost, less any volume or trade discounts, as applicable. Therefore, there is generally no selling profit or loss to recognize or defer at inception of a lease. The residual value component of a lease financing receivable represents the estimated fair value of the leased equipment at the end of the lease term. In establishing residual value estimates, the Company may rely on industry data, historical experience, and independent appraisals and, where appropriate, information regarding product life cycle, product upgrades and competing products. Upon expiration of a lease, residual assets are remarketed, resulting in an extension of the lease by the lessee, a lease to a new customer or purchase of the residual asset by the lessee or another party. Impairment of residual values arises if the expected fair value is less than the carrying amount. The Company assesses its net investment in lease financing receivables (including residual values) for impairment on an annual basis with any impairment losses recognized in accordance with the impairment guidance for financial instruments. As such, net investment in lease financing receivables may be reduced by an allowance for credit losses with changes recognized as provision expense. On certain lease financings, the Company obtains residual value insurance from third parties to manage and reduce the risk associated with the residual value of the leased assets. At June 30, 2020 and December 31, 2019, the carrying value of residual assets with third-party residual value insurance for at least a portion of the asset value was $69.7 million and $70.1 million, respectively. The Company uses the interest rate implicit in the lease to determine the present value of its lease financing receivables. The components of lease income were as follows: (in thousands) For the Three Months ended June 30, 2020 For the Six Months Ended June 30, 2020 For the Three Months ended June 30, 2019 For the Six Months Ended June 30, 2019 Interest income on lease financing (1) $ 13,577 $ 25,526 $ 9,881 $ 17,208 (1) Included in Interest Income – Loans and leases in the Consolidated Statements of Income and Comprehensive Income. At June 30, 2020 and December 31, 2019, the carrying value of net investment in leases was $1.8 billion and $1.4 billion. The components of net investment in direct financing leases, including the carrying amount of the lease receivables, as well as the unguaranteed residual asset were as follows: (in thousands) June 30, 2020 December 31, 2019 Net investment in the lease - lease payments receivable $ 1,742,965 $ 1,302,760 Net investment in the lease - unguaranteed residual assets 73,816 74,064 Total lease payments $ 1,816,781 $ 1,376,824 The following table presents the remaining maturity analysis of the undiscounted lease receivables as of June 30, 2020, as well as the reconciliation to the total amount of receivables recognized in the Consolidated Statements of Condition: (in thousands) June 30, 2020 2020 $ 9,424 2021 73,886 2022 261,716 2023 150,221 2024 121,837 Thereafter 1,199,697 Total lease payments 1,816,781 Plus: deferred origination costs 30,529 Less: unearned income (123,141 ) Total lease finance receivables, net $ 1,724,169 Lessee Arrangements 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 was $8.6 million and $16.3 million for the six months ended June 30, 2020 and June 30, 2019, respectively. Included in these amounts was $4.5 million and $4.6 million for the three months ended June 30, 2020 and June 30, 2019, respectively. Included in the six months ended June 30, 2019, was $11.7 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 Three Months Ended June 30, 2020 For the Six Months Ended June 30, 2020 For the Three Months Ended June 30, 2019 For the Six Months Ended June 30, 2019 Operating lease cost $ 6,800 $ 13,559 $ 7,210 $ 14,558 Sublease income (12 ) (23 ) (43 ) (65 ) Total lease cost $ 6,788 $ 13,536 $ 7,167 $ 14,493 Supplemental cash flow information related to the leases for the following periods: (in thousands) For the Three Months Ended June 30, 2020 For the Six Months Ended June 30, 2020 For the Three Months Ended June 30, 2019 For the Six Months Ended June 30, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 6,800 $ 13,559 $ 7,210 $ 14,558 Supplemental balance sheet information related to the leases for the following periods: (in thousands, except lease term and discount rate) June 30, 2020 December 31, 2019 Operating Leases: Operating lease right-of-use assets 278,276 $ 286,194 Operating lease liabilities 278,272 285,991 Weighted average remaining lease term 17 years 17 years Weighted average discount rate% 3.21 % 3.23 % Maturities of lease liabilities: June 30, 2020 (in thousands) 2020 $ 13,447 2021 26,733 2022 25,916 2023 25,497 2024 24,850 Thereafter 254,689 Total lease payments 371,132 Less: imputed interest (92,860 ) Total present value of lease liabilities $ 278,272

Derivative and Hedging Activiti

Derivative and Hedging Activities	6 Months Ended
	Jun. 30, 2020
Derivative Instruments And Hedging Activities Disclosure [Abstract]
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. 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 June 30, 2020, all of the Company’s $4.3 billion notional derivative contracts were cleared on the LCH. Daily 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, which includes accrued interest; therefore, those interest rate and derivative contracts the Company clears through the LCH are reported at a fair value of approximately zero at June 30, 2020. 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 June 30, 2020, the Company had a net negative exposure. Fair Value of Hedges of Interest Rate Risk 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. The Company has entered into an interest rate swap with a notional amount of $2.0 billion to hedge certain real estate loans. For the three and six months ended June 30, 2020, the floating rate received related to the net settlement of this interest rate swap was less than the fixed rate payments. As such, interest income from Loans and Leases in the accompanying Consolidated Statements of Income and Comprehensive Income was decreased by $7.9 and $11.8 million for the three and six months ended June 30, 2020, respectively. For the three and six months ended June 30, 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 and Leases in the accompanying Consolidated Statements of Income and Comprehensive Income was increased by $207,000 and $446,000 for the three and six months ended June 30, 2019, respectively. As of June 30, 2020, the following amounts were recorded on the balance sheet related to cumulative basis adjustment for fair value hedges: (in thousands) June 30, 2020 Line Item in the Consolidated Statements of Condition in which the Hedge Item is Included Carrying Amount of the Hedged Assets Cumulative Amount of Fair Value Hedging Adjustments Included in the Carrying Amount of the Hedged Assets Total loans and leases, net (1) $ 2,095,269 $ 95,269 (1) These amounts include the amortized cost basis of closed portfolios used to designate hedging relationships in which the hedged item is the last layer expected to be remaining at the end of the hedging relationship. At June 30, 2020, the amortized cost basis of the closed portfolios used in these hedging relationships was $4.1 billion; the cumulative basis adjustments associated with these hedging relationships was $95.3 million; and the amount of the designated hedged items was $2.0 billion. As of December 31, 2019, the following amounts were recorded on the balance sheet related to cumulative basis adjustment for fair value hedges: (in thousands) December 31, 2019 Line Item in the Consolidated Statements of Condition in which the Hedge Item is Included Carrying Amount of the Hedged Assets Cumulative Amount of Fair Value Hedging Adjustments Included in the Carrying Amount of the Hedged Assets Total loans and leases, net (1) $ 2,053,483 $ 53,483 (1) These amounts include the amortized cost basis of closed portfolios used to designate hedging relationships in which the hedged item is the last layer expected to be remaining at the end of the hedging relationship. At December 31, 2019, the amortized cost basis of the closed portfolios used in these hedging relationships was $4.5 billion; the cumulative basis adjustments associated with these hedging relationships was $53.5 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 June 30, 2020 and December 31, 2019: Notional Amount Other Assets Other Liabilities Derivatives designated as fair value hedging instruments: Interest rate swap $ 2,000,000 $ — $ — Total derivatives designated as fair value hedging instruments $ 2,000,000 $ — $ — The following table sets forth the effect of derivative instruments on the Consolidated Statements of Income and Comprehensive Income for the periods indicated. (in thousands) For the Three Months Ended June 30, 2020 For the Six Months Ended June 30, 2020 For the Three Months Ended June 30, 2019 For the Six Months Ended June 30, 2019 Derivative – interest rate swap: Interest income $ (8,785 ) $ (36,915 ) $ (39,822 ) $ (58,354 ) Hedged item – loans: Interest income $ 8,785 $ 36,915 $ 39,822 $ 58,354 Cash Flow Hedges of Interest Rate Risk The Company’s objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. Interest rate swaps designated as cash flow hedges involve the receipt of amounts subject to variability caused by changes in interest rates from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. Changes in the fair value of derivatives designated and that qualify as cash flow hedges are initially recorded in other comprehensive income and are subsequently reclassified into earnings in the period that the hedged transaction affects earnings. Interest rate swaps with notional amounts totaling $2.3 billion and $800.0 million as of June 30, 2020 and December 31, 2019, respectively, were designated as cash flow hedges of certain FHLB borrowings. The following table summarizes information about the interest rate swaps designated as cash flow hedges at June 30, 2020 and December 31, 2019: (dollars in thousands) June 30, 2020 December 31, 2019 Notional amounts $ 2,250,000 $ 800,000 Cash collateral posted 55,030 1,185 Weighted average pay rates 1.27 % 1.62 % Weighted average receive rates 0.56 % 1.90 % Weighted average maturity 2.4 years 2.5 years The following table presents the effect of the Company’s cash flow derivative instruments on AOCL for the six months ended June 30, 2020. The Company had no such derivative financial instruments during the six months ended June 30, 2019: (in thousands) For the Six Months Ended June 30, 2020 Amount of loss recognized in AOCL $ 57,043 Amount of gain reclassified from AOCL to interest expense 828 Gains (losses) included in the Consolidated Statements of Income related to interest rate derivatives designated as cash flow hedges during the six months ended June 30, 2020 was $828,000. Amounts reported in AOCL related to derivatives will be reclassified to interest expense as interest payments are made on the Company’s variable-rate borrowings. During the next twelve months, the Company estimates that an additional $15.9 million will be reclassified as a decrease to interest expense.

Organization, Basis of Presen_2

Organization, Basis of Presentation and Recently Adopted Accounting Standards (Policies)	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Organization	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 issued its initial offering of common stock (par value: $0.01 per share) at a price of $25.00 per share ($0.93 per share on a split-adjusted basis, reflecting the impact of nine stock splits between 1994 and 2004). The Bank currently operates 237 branches, 19 of which operate directly under the Community Bank name. The remaining 218 Community Bank branches operate through eight divisional banks: Queens County Savings Bank, Roslyn Savings Bank, Richmond County Savings Bank, Roosevelt Savings Bank, and Atlantic Bank in New York; Garden State Community Bank in New Jersey; AmTrust Bank in Florida and Arizona; and Ohio Savings Bank in Ohio.
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 credit losses and the evaluation of goodwill for impairment. 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. When necessary, certain reclassifications have been made to prior-year amounts to conform to the current-year presentation.
Recently Adopted Accounting Standards	Recently Adopted Accounting Standards The Company adopted ASU No. 2020-04 upon issuance. The amendments provide optional expedients and exceptions for certain contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of rate reform. The guidance is effective from the date of issuance until December 31, 2022. If certain criteria are met, the amendments allow exceptions to the designation criteria of the hedging relationship and the assessment of hedge effectiveness during the transition period. At the time of adoption, the guidance did not have a material impact on the Company’s Consolidated Statements of Condition, results of operations, or cash flows. The Company will continue to assess the impact as the reference rate transition occurs. The Company adopted ASU No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments and its amendments, (“ASU No. 2016-13”) as of January 1, 2020. 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. The amendments in ASU No. 2016-13 replace the incurred loss impairment methodology 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 financial assets to present the net amount expected to be collected. For available-for-sale debt securities, credit losses will be presented as an allowance rather than as a write-down. The amendments affected loans, debt securities, trade receivables, 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 adopted ASU No. 2016-13 on a modified retrospective basis with a cumulative-effect adjustment to retained earnings as of the adoption date and, accordingly, the Company recorded a net of tax decrease of $10.5 million to retained earnings as of January 1, 2020. The results for prior period amounts continue to be reported in accordance with previously applicable GAAP. 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. The Company adopted ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement on January 1, 2020. The purpose of ASU No. 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 remove 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 modify 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 No. 2018-13 did not have a material effect on the Company’s Consolidated Statements of Condition, results of operations, or cash flows. The Company adopted, on a prospective basis, ASU No. 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment as of January 1, 2020. 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 impact of this adoption on the Company’s Consolidated Statements of Condition, results of operations, or cash flows will be dependent upon goodwill impairment determinations made after January 1, 2020. The adoption of ASU No. 2017-04 did not have a material effect on the Company’s Consolidated Statements of Condition, results of operations, or cash flows. During the six months ended June 30, 2020, the Company assessed the current environment, including the estimated impact of the COVID-19 pandemic on macroeconomic variables and economic forecasts and how those might impact the fair value of its reporting unit. After consideration of the items above and the first six months 2020 results, the Company determined it was not more-likely-than-not that the fair value of its reporting unit was below its book value as of June 30, 2020.

Computation of Earnings per C_2

Computation of Earnings per Common Share (Tables)	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
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 Six Months Ended June 30, June 30, (in thousands, except share and per share amounts) 2020 2019 2020 2019 Net income available to common shareholders $ 97,140 $ 89,039 $ 189,261 $ 178,409 Less: Dividends paid on and earnings allocated to participating securities (1,186 ) (1,055 ) (3,331 ) (2,177 ) Earnings applicable to common stock $ 95,954 $ 87,984 $ 185,930 $ 176,232 Weighted average common shares outstanding 461,933,533 465,351,586 463,463,751 465,422,251 Basic earnings per common share $ 0.21 $ 0.19 $ 0.40 $ 0.38 Earnings applicable to common stock $ 95,954 $ 87,984 $ 185,930 $ 176,232 Weighted average common shares outstanding 461,933,533 465,351,586 463,463,751 465,422,251 Potential dilutive common shares 555,960 289,851 487,317 145,727 Total shares for diluted earnings per common share computation 462,489,493 465,641,437 463,951,068 465,567,978 Diluted earnings per common share and common share equivalents $ 0.21 $ 0.19 $ 0.40 $ 0.38

Reclassifications Out of Accu_2

Reclassifications Out of Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 30, 2020
Reclassifications Of Accumulated Other Comprehensive Loss [Abstract]
Reclassifications Out of Accumulated Other Comprehensive Loss	(in thousands) For the Six Months Ended June 30, 2020 Details about Accumulated Other Comprehensive Loss Amount Reclassified out of Accumulated Other Comprehensive Loss (1) Affected Line Item in the Consolidated Statements of Income and Comprehensive Income Unrealized gains on available-for-sale securities: $ 734 Net gain on securities (202 ) Income tax expense $ 532 Net gain on securities, net of tax Unrealized loss on cash flow hedges: $ (828 ) Interest expense 227 Income tax benefit $ (601 ) Net gain on cash flow hedges, net of tax Amortization of defined benefit pension plan items: Past service liability $ 124 Included in the computation of net periodic credit (2) Actuarial losses (3,674 ) Included in the computation of net periodic cost (2) (3,550 ) Total before tax 976 Income tax benefit $ (2,574 ) Amortization of defined benefit pension plan items, net of tax Total reclassifications for the period $ (2,643 ) (1) Amounts in parentheses indicate expense items. (2) See Note 8, “Pension and Other Post-Retirement Benefits,” for additional information.

Securities (Tables)

Securities (Tables)	6 Months Ended
	Jun. 30, 2020
Investments Debt And Equity Securities [Abstract]
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 June 30, 2020 and December 31, 2019: June 30, 2020 (in thousands) Amortized Cost Gross Unrealized Gain Gross Unrealized Loss Fair Value Debt securities available-for-sale Mortgage-Related Debt Securities: GSE certificates $ 1,288,192 $ 69,358 $ 35 $ 1,357,515 GSE CMOs 1,613,437 56,848 848 1,669,437 Total mortgage-related debt securities $ 2,901,629 $ 126,206 $ 883 $ 3,026,952 Other Debt Securities: U. S. Treasury obligations $ 61,938 $ 46 $ 3 $ 61,981 GSE debentures 672,101 6,439 — 678,540 Asset-backed securities (1) 440,261 94 18,962 421,393 Municipal bonds 26,366 729 185 26,910 Corporate bonds 870,475 11,434 15,084 866,825 Capital trust notes 95,290 5,064 14,773 85,581 Total other debt securities $ 2,166,431 $ 23,806 $ 49,007 $ 2,141,230 Total debt securities available for sale $ 5,068,060 $ 150,012 $ 49,890 $ 5,168,182 Equity Securities: Preferred stock $ 15,292 $ — $ 103 $ 15,189 Mutual funds and common stock (2) 16,871 1,458 18,329 Total equity securities $ 32,163 $ 1,458 $ 103 $ 33,518 Total securities (3) $ 5,100,223 $ 151,470 $ 49,993 $ 5,201,700 (1) The underlying assets of the asset-backed securities are substantially guaranteed by the U.S. Government. (2) Primarily consists of mutual funds that are CRA-qualified investments. (3) Excludes accrued interest receivable of $16.5 million included in other assets in the Consolidated Statements of Condition. December 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 $ 1,530,317 $ 26,069 $ 3,763 $ 1,552,623 GSE CMOs 1,783,440 21,213 3,541 1,801,112 Total mortgage-related debt securities $ 3,313,757 $ 47,282 $ 7,304 $ 3,353,735 Other Debt Securities: U.S. Treasury obligations $ 41,820 $ 19 $ — $ 41,839 GSE debentures 1,093,845 5,707 5,312 1,094,240 Asset-backed securities (1) 384,108 — 10,854 373,254 Municipal bonds 26,808 559 475 26,892 Corporate bonds 854,195 15,970 2,983 867,182 Capital trust notes 95,100 7,121 6,306 95,915 Total other debt securities $ 2,495,876 $ 29,376 $ 25,930 $ 2,499,322 Total other securities available for sale $ 5,809,633 $ 76,658 $ 33,234 $ 5,853,057 Equity Securities: Preferred stock $ 15,292 $ 122 $ — $ 15,414 Mutual funds and common stock (2) 16,871 718 173 17,416 Total equity securities $ 32,163 $ 840 $ 173 $ 32,830 Total securities (3) $ 5,841,796 $ 77,498 $ 33,407 $ 5,885,887 (1) The underlying assets of the asset-backed securities are substantially guaranteed by the U.S. Government. (2) 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	The following table summarizes the gross proceeds, gross realized gains, and gross realized losses from the sale of available-for-sale securities during the six months ended June 30, 2020 and 2019: For the Six Months Ended June 30, (in thousands) 2020 2019 Gross proceeds $ 442,075 $ 363,346 Gross realized gains 1,877 5,445 Gross realized losses 1,143 —
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 June 30, 2020: 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 $ 109,229 3.54 % $ 68,888 0.99 % $ 149 6.66 % $ — — % $ 179,930 Due from one to five years 462,094 3.11 25,924 3.39 — — 196,373 3.15 724,999 Due from five to ten years 148,386 2.71 316,056 3.21 20,334 3.50 761,943 2.39 1,247,921 Due after ten years 2,181,920 2.55 323,171 2.15 5,883 3.33 447,710 1.41 3,015,332 Total debt securities available for sale $ 2,901,629 2.69 $ 734,039 2.54 $ 26,366 3.48 $ 1,406,026 2.18 $ 5,168,182 (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 with no related allowance having a continuous unrealized loss position for less than twelve months and for twelve months or longer as of June 30, 2020: 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. Treasury obligations $ 9,997 $ 3 $ — $ — $ 9,997 $ 3 GSE certificates 13,142 35 — — 13,142 35 GSE CMOs 24,532 28 240,311 820 264,843 848 Asset-backed securities — — 361,265 18,962 361,265 18,962 Municipal bonds — — 9,215 185 9,215 185 Corporate bonds 483,178 6,274 241,190 8,810 724,368 15,084 Capital trust notes 43,034 3,897 32,981 10,876 76,015 14,773 Equity securities 15,190 103 — — 15,190 103 Total temporarily impaired securities $ 589,073 $ 10,340 $ 884,962 $ 39,653 $ 1,474,035 $ 49,993 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, 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. Treasury obligations $ 11,917 $ — $ — $ — $ 11,917 $ — U. S. Government agency and GSE obligations 297,179 3,916 138,189 1,396 435,368 5,312 GSE certificates 396,930 3,718 7,542 45 404,472 3,763 GSE CMOs 609,502 2,582 133,955 959 743,457 3,541 Asset-backed securities 256,619 10,854 116,635 — 373,254 10,854 Municipal bonds — — 9,349 475 9,349 475 Corporate bonds 99,300 700 172,717 2,283 272,017 2,983 Capital trust notes — — 37,525 6,306 37,525 6,306 Equity securities — — 11,633 173 11,633 173 Total temporarily impaired securities $ 1,671,447 $ 21,770 $ 627,545 $ 11,637 $ 2,298,992 $ 33,407

Loans and Leases (Tables)

Loans and Leases (Tables)	6 Months Ended
	Jun. 30, 2020
Receivables [Abstract]
Composition of Loan and Lease Portfolio	The following table sets forth the composition of the loan portfolio at the dates indicated: June 30, 2020 December 31, 2019 (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 $ 31,597,075 74.80 % $ 31,158,672 74.46 % Commercial real estate 6,929,883 16.40 % 7,081,910 16.93 One-to-four family 320,740 0.76 % 380,361 0.91 Acquisition, development, and construction 126,402 0.30 % 200,596 0.48 Total mortgage loans held for investment (1) 38,974,100 92.26 % $ 38,821,539 92.78 Other Loans: Commercial and industrial 1,571,432 3.72 % 1,742,380 4.16 Lease financing, net of unearned income of $123,141 and $104,826, respectively 1,693,640 4.01 % 1,271,998 3.04 Total commercial and industrial loans (2) 3,265,072 7.73 % 3,014,378 7.20 Other 6,723 0.01 % 8,102 0.02 Total other loans held for investment (1) 3,271,795 7.74 % 3,022,480 7.22 Total loans and leases held for investment $ 42,245,895 100.00 % $ 41,844,019 100.00 % Net deferred loan origination costs 60,292 50,136 Allowance for loan and lease losses (174,287 ) (147,638 ) Total loans and leases held for investment, net $ 42,131,900 $ 41,746,517 Loans held for sale 103,362 — Total loans and leases, net $ 42,235,262 $ 41,746,517 (1) Excludes accrued interest receivable of $167.3 million and $116.9 million at June 30, 2020 and December 31, 2019, respectively, which is included in other assets in the Consolidated Statements of Condition. (2) Includes specialty finance loans and leases of $2.9 billion and $2.6 billion, respectively, at June 30, 2020 and December 31, 2019, and other C&I loans of $380.9 million and $420.1 million, respectively, at June 30, 2020 and December 31, 2019.
Quality of Loans Held for Investment	The following table presents information regarding the quality of the Company’s loans held for investment at June 30, 2020: (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 $ 383 $ 6,316 $ — $ 6,699 $ 31,583,677 $ 31,597,075 Commercial real estate 326 16,183 — 16,509 6,896,865 6,929,883 One-to-four family 1,361 1,716 — 3,077 314,586 320,740 Acquisition, development, and construction — — — — 126,402 126,402 Commercial and industrial (1) (2) — 29,454 — 29,454 3,206,164 3,265,072 Other 65 2 — 67 6,589 6,723 Total loans and leases held for investment $ 2,135 $ 53,671 $ — $ 55,806 $ 42,134,283 $ 42,245,895 (1) Includes $26.0 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. The following table presents information regarding the quality of the Company’s loans held for investment at December 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 $ 1,131 $ 5,407 $ — $ 6,538 $ 31,152,134 $ 31,158,672 Commercial real estate 2,545 14,830 — 17,375 7,064,535 7,081,910 One-to-four family — 1,730 — 1,730 378,631 380,361 Acquisition, development, and construction — — — — 200,596 200,596 Commercial and industrial (1) (2) — 39,024 — 39,024 2,975,354 3,014,378 Other 44 252 — 296 7,806 8,102 Total $ 3,720 $ 61,243 $ — $ 64,963 $ 41,779,056 $ 41,844,019 (1) Includes $30.4 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.
Portfolio of Loans Held for Investment by Credit Quality Indicator	The following table summarizes the Company’s portfolio of loans held for investment by credit quality indicator at June 30, 2020: 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 $ 31,302,833 $ 6,647,278 $ 317,411 $ 100,832 $ 38,368,354 $ 3,199,250 $ 6,721 $ 3,205,971 Special mention 230,210 193,232 1,618 25,570 450,630 3,894 — 3,894 Substandard 64,032 89,373 1,711 155,116 61,928 2 61,930 Doubtful — — Total $ 31,597,075 $ 6,929,883 $ 320,740 $ 126,402 $ 38,974,100 $ 3,265,072 $ 6,723 $ 3,271,795 (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, 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 $ 30,903,657 $ 6,902,218 $ 377,883 $ 158,751 $ 38,342,509 $ 2,960,557 $ 7,850 $ 2,968,407 Special mention 239,664 104,648 748 41,456 386,516 1,588 — 1,588 Substandard 15,351 75,044 1,730 389 92,514 52,233 252 52,485 Doubtful — — — — — — — — Total $ 31,158,672 $ 7,081,910 $ 380,361 $ 200,596 $ 38,821,539 $ 3,014,378 $ 8,102 $ 3,022,480 (1) Includes lease financing receivables, all of which were classified as Pass.
Schedule of Credit Quality Indicator, Loan Class, and Year of Origination, the Amortized Cost Basis of Loans and Leases	The following table presents, by credit quality indicator, loan class, and year of origination, the amortized cost basis of the Company’s loans and leases as of June 30, 2020. (in thousands) Vintage Year Risk Rating Group 2020 2019 2018 2017 2016 Prior To 2016 Revolving Loans Total Pass $ 4,311,632 $ 7,066,229 $ 6,737,878 $ 5,204,929 $ 4,234,835 $ 10,816,916 $ 22,631 $ 38,395,050 Special Mention — 2,267 68,295 77,061 126,081 176,358 790 450,852 Substandard — — 7,582 18,866 49,372 78,557 — 154,377 Total mortgage loans $ 4,311,632 $ 7,068,496 $ 6,813,755 $ 5,300,856 $ 4,410,288 $ 11,071,831 $ 23,421 $ 39,000,279 Pass 579,851 904,008 205,400 236,169 137,604 157,650 1,019,443 3,240,125 Special Mention — 42 — — — — 3,850 3,892 Substandard 1,042 8,350 3,711 15,454 4,190 3,473 25,673 61,893 Total other loans 580,893 912,400 209,111 251,623 141,794 161,123 1,048,966 3,305,910 Total $ 4,892,525 $ 7,980,896 $ 7,022,866 $ 5,552,479 $ 4,552,082 $ 11,232,954 $ 1,072,387 $ 42,306,189
Summary of Collateral-Dependent Loans Held for Investment by Collateral Type	The following table summarizes the extent to which collateral secures the Company’s collateral-dependent loans held for investment by collateral type as of June 30, 2020: Collateral Type (in thousands) Real Property Other Multi-family $ 2,248 $ — Commercial real estate 29,824 — One-to-four family 570 — Acquisition, development, and construction — 37,135 Commercial and industrial — — Other — Total collateral-dependent loans held for investment $ 32,642 $ 37,135
Information Regarding Troubled Debt Restructurings	The following table presents information regarding the Company’s TDRs as of June 30, 2020 and December 31, 2019: June 30, 2020 December 31, 2019 (in thousands) Accruing Non- Accrual Total Accruing Non- Accrual Total Loan Category: Multi-family $ — $ 2,248 $ 2,248 $ — $ 3,577 $ 3,577 Commercial real estate 15,119 — 15,119 — — — One-to-four family — 570 570 — 584 584 Acquisition, development, and construction — — — 389 — 389 Commercial and industrial (1) 865 26,146 27,011 865 35,084 35,949 Other — — — — — — Total $ 15,984 $ 28,964 $ 44,948 $ 1,254 $ 39,245 $ 40,499 (1) Includes $20.1 million and $30.4 million of taxi medallion-related loans at June 30, 2020 and December 31, 2019, respectively
Financial Effects of Troubled Debt Restructurings	The financial effects of the Company’s TDRs for the three months ended June 30, 2020 and 2019 are summarized as follows: For the Three Months Ended June 30, 2020 Weighted Average Interest Rate (dollars in thousands) Number of Loans Pre- Modification Recorded Investment Post- Modification Recorded Investment Pre- Modification Post- Modification Charge- off Amount Capitalized Interest Loan Category: Commercial real estate 1 $ 15,119 $ 15,119 8.00 % 3.50 % $ - $ - Commercial and industrial 11 2,484 1,391 2.92 2.92 1,093 — Total 12 $ 17,603 $ 16,510 7.28 3.45 $ 1,093 $ - For the Three Months Ended June 30, 2019 Weighted Average Interest Rate (dollars in thousands) 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 $ 19,350 $ 18,004 5.31 % 5.45 % $ 1,346 $ — The financial effects of the Company’s TDRs for the six months ended June 30, 2020 and 2019 are summarized as follows: For the Six Months Ended June 30, 2020 Weighted Average Interest Rate (dollars in thousands) Number of Loans Pre- Modification Recorded Investment Post- Modification Recorded Investment Pre- Modification Post- Modification Charge- off Amount Capitalized Interest Loan Category: Commercial real estate 1 $ 15,119 $ 15,119 8.00 % 3.50 % $ - $ - Commercial and industrial 19 4,404 2,963 3.08 3.03 1,441 — Total 20 $ 19,523 $ 18,082 6.89 3.42 $ 1,441 $ - For the Six Months Ended June 30, 2019 Weighted Average Interest Rate (dollars in thousands) 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 30 $ 23,544 $ 21,092 4.95 % 5.09 % $ 2,452 $ —

Allowance for Loan and Lease _2

Allowance for Loan and Lease Losses (Tables)	6 Months Ended
	Jun. 30, 2020
Summary of Additional Information about Nonaccrual Loans	The following table presents additional information about the Company’s nonaccrual loans at June 30, 2020: (in thousands) Recorded Investment Related Allowance Interest Income Recognized Nonaccrual loans with no related allowance: Multi-family $ 2,248 $ — $ 121 Commercial real estate 14,699 - $ 24 One-to-four family 570 - $ 10 Acquisition, development, and construction - - $ — Other 29,456 - $ 651 Total nonaccrual loans with no related allowance $ 46,973 $ — $ 806 Nonaccrual loans with an allowance recorded: Multi-family $ 4,068 $ 443 $ 28 Commercial real estate 1,484 117 $ 31 One-to-four family 1,146 201 $ 7 Acquisition, development, and construction - - $ — Other - - $ — Total nonaccrual loans with an allowance recorded $ 6,698 $ 761 $ 66 Total nonaccrual loans: Multi-family $ 6,316 $ 443 $ 149 Commercial real estate 16,183 117 55 One-to-four family 1,716 201 17 Acquisition, development, and construction - - - Other 29,456 - 651 Total nonaccrual loans $ 53,671 $ 761 $ 872
Summary of Additional Information about Impaired Loans	The following table presents additional information about the Company’s impaired loans at December 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 $ 3,577 $ 6,790 $ — $ 4,336 $ 266 Commercial real estate 14,717 19,832 — 6,140 371 One-to-four family 584 602 — 811 21 Acquisition, development, and construction 389 1,289 — 3,508 364 Other 37,669 114,636 — 39,598 2,494 Total impaired loans with no related allowance $ 56,936 $ 143,149 $ — $ 54,393 $ 3,516 Impaired loans with an allowance recorded: Multi-family $ — $ — $ — $ — $ — Commercial real estate One-to-four family Acquisition, development, and construction Other 1,445 4,173 116 4,111 13 Total impaired loans with an allowance recorded $ 1,445 $ 4,173 $ 116 $ 4,111 $ 13 Total impaired loans: Multi-family $ 3,577 $ 6,790 $ — $ 4,336 $ 266 Commercial real estate 14,717 19,832 — 6,140 371 One-to-four family 584 602 — 811 21 Acquisition, development, and construction 389 1,289 — 3,508 364 Other 39,114 118,809 116 43,709 2,507 Total impaired loans $ 58,381 $ 147,322 $ 116 $ 58,504 $ 3,529
Non-Covered Loans
Summary of Activity in Allowance for Loan and Lease Losses	The following table summarizes activity in the allowance for loan and lease losses for the periods indicated: Six Months Ended June 30, 2020 2019 (in thousands) Mortgage Other Total Mortgage Other Total Balance, beginning of period $ 122,695 $ 24,943 $ 147,638 $ 130,983 $ 28,837 $ 159,820 Impact of CECL adoption 99 1,812 1,911 — — — Charge-offs — (14,323 ) (14,323 ) — (9,830 ) (9,830 ) Recoveries 60 283 343 22 478 500 Provision for (recovery of) credit losses on loans 34,653 4,065 38,718 (8,917 ) 9,539 622 Balance, end of period $ 157,507 $ 16,780 $ 174,287 $ 122,088 $ 29,024 $ 151,112

Borrowed Funds (Tables)

Borrowed Funds (Tables)	6 Months Ended
	Jun. 30, 2020
Summary of Borrowed Funds	The following table summarizes the Company’s borrowed funds at the dates indicated: (in thousands) June 30, 2020 December 31, 2019 Wholesale Borrowings: FHLB advances $ 13,552,661 $ 13,102,661 Repurchase agreements 800,000 800,000 Total wholesale borrowings $ 14,352,661 $ 13,902,661 Junior subordinated debentures 360,058 359,866 Subordinated notes 295,345 295,066 Total borrowed funds $ 15,008,064 $ 14,557,593
Summary of Repurchase Agreements Accounted for Secured Borrowings	The following table summarizes the Company’s repurchase agreements accounted for as secured borrowings at June 30, 2020: 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 June 30, 2020: Issuer Interest Rate of Capital Securities and Debentures Junior Subordinated Debentures Amount Outstanding Capital Securities Amount Outstanding Date of Original Issue Stated Maturity First Optional Redemption Date (dollars in thousands) New York Community Capital Trust V (BONUSES SM 6.00 % $ 146,132 $ 139,781 Nov. 4, 2002 Nov. 1, 2051 Nov. 4, 2007 (1) New York Community Capital Trust X 2.34 123,712 120,000 Dec. 14, 2006 Dec. 15, 2036 Dec. 15, 2011 (2) PennFed Capital Trust III 3.99 30,928 30,000 June 2, 2003 June 15, 2033 June 15, 2008 (2) New York Community Capital Trust XI 3.02 59,286 57,500 April 16, 2007 June 30, 2037 June 30, 2012 (2) Total junior subordinated debentures $ 360,058 $ 347,281 (1) Callable subject to certain conditions as described in the prospectus filed with the SEC on November 4, 2002. (2) Callable from this date forward.
Subordinated Debt
Junior Subordinated Debentures Outstanding	At June 30, 2020 and December 31, 2019, the Company had $295.3 million and $295.1million, respectively, of fixed-to-floating rate subordinated notes outstanding: Date of Original Issue Stated Maturity Interest Rate (1) Original Issue Amount (dollars in thousands) Nov. 6, 2018 Nov. 6, 2028 5.90 % $ 300,000 (1) From and including the date of original issuance to, but excluding November 6, 2023, the Notes will bear interest at an initial rate of 5.90% per annum payable semi-annually. Unless redeemed, from and including November 6, 2023 to but excluding the maturity date, the interest rate will reset quarterly to an annual interest rate equal to the then-current three-month LIBOR rate plus 278 basis points payable quarterly.

Pension and Other Post-Retire_2

Pension and Other Post-Retirement Benefits (Tables)	6 Months Ended
	Jun. 30, 2020
General Discussion Of Pension And Other Postretirement Benefits [Abstract]
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 June 30, 2020 2019 (in thousands) Pension Benefits Post- Retirement Benefits Pension Benefits Post- Retirement Benefits Components of net periodic (credit) expense: (1) Interest cost $ 1,173 $ 82 $ 1,415 $ 128 Expected return on plan assets (3,876 ) - (3,483 ) — Amortization of prior-service costs - (62 ) — (62 ) Amortization of net actuarial loss 1,831 6 2,509 31 Net periodic (credit) expense $ (872 ) $ 26 $ 441 $ 97 For the Six Months Ended June 30, 2020 2019 (in thousands) Pension Benefits Post- Retirement Benefits Pension Benefits Post- Retirement Benefits Components of net periodic (credit) expense: (1) Interest cost $ 2,346 $ 164 $ 2,830 $ 256 Expected return on plan assets (7,752 ) — (6,966 ) — Amortization of prior-service costs — (124 ) — (124 ) Amortization of net actuarial loss 3,662 12 5,018 62 Net periodic (credit) expense $ (1,744 ) $ 52 $ 882 $ 194 (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)	6 Months Ended
	Jun. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Summary of Activity for Restricted Stock Awards	The following table provides a summary of activity with regard to restricted stock awards in the six months ended June 30, 2020: Number of Shares Weighted Average Grant Date Fair Value Unvested at beginning of year 6,516,101 $ 13.31 Granted 2,390,345 11.64 Vested (2,097,411 ) 14.09 Canceled (110,000 ) 12.62 Unvested at end of period 6,699,035 12.49

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
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 June 30, 2020 and December 31, 2019, and that were included in the Company’s Consolidated Statements of Condition at those dates: Fair Value Measurements at June 30, 2020 (in thousands) Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Netting Adjustments Total Fair Value Assets: Mortgage-Related Debt Securities Available for Sale: GSE certificates $ — $ 1,357,515 $ — $ — $ 1,357,515 GSE CMOs — 1,669,437 — — 1,669,437 Total mortgage-related debt securities $ — $ 3,026,952 $ — $ — $ 3,026,952 Other Debt Securities Available for Sale: U. S. Treasury obligations $ 61,981 $ — $ — $ — $ 61,981 GSE debentures — 678,540 — — 678,540 Asset-backed securities — 421,393 — — 421,393 Municipal bonds — 26,910 — — 26,910 Corporate bonds — 866,825 — — 866,825 Capital trust notes — 85,581 — — 85,581 Total other debt securities $ 61,981 $ 2,079,249 $ — $ — $ 2,141,230 Total debt securities available for sale $ 61,981 $ 5,106,201 $ — $ — $ 5,168,182 Equity securities: Preferred stock $ 15,189 $ — $ — $ — $ 15,189 Mutual funds and common stock — 18,329 — — 18,329 Total equity securities $ 15,189 $ 18,329 $ — $ — $ 33,518 Total securities $ 77,170 $ 5,124,530 $ — $ — $ 5,201,700 Fair Value Measurements at December 31, 2019 (in thousands) Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Netting Adjustments Total Fair Value Assets: Mortgage-Related Debt Securities Available for Sale: GSE certificates $ — $ 1,552,623 $ — $ — $ 1,552,623 GSE CMOs — 1,801,112 — — 1,801,112 Total mortgage-related debt securities $ — $ 3,353,735 $ — $ — $ 3,353,735 Other Debt Securities Available for Sale: U.S. Treasury obligations $ 41,839 $ — $ — $ — $ 41,839 GSE debentures — 1,094,240 — — 1,094,240 Asset-backed securities — 373,254 — — 373,254 Municipal bonds — 26,892 — — 26,892 Corporate bonds — 867,182 — — 867,182 Capital trust notes — 95,915 — — 95,915 Total other debt securities $ 41,839 $ 2,457,483 $ — $ — $ 2,499,322 Total debt securities available for sale $ 41,839 $ 5,811,218 $ — $ — $ 5,853,057 Equity securities: Preferred stock $ 15,414 $ — $ — $ — $ 15,414 Mutual funds and common stock — 17,416 — — 17,416 Total equity securities $ 15,414 $ 17,416 $ — $ — $ 32,830 Total securities $ 57,253 $ 5,828,634 $ — $ — $ 5,885,887
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 June 30, 2020 and December 31, 2019, and that were included in the Company’s Consolidated Statements of Condition at those dates: Fair Value Measurements at June 30, 2020 Using (in thousands) Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Fair Value Certain impaired loans (1) $ — $ — $ 35,696 $ 35,696 Other assets (2) — — 2,862 2,862 Total $ — $ — $ 38,558 $ 38,558 (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, 2019 Using (in thousands) Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Fair Value Certain impaired loans (1) $ — $ — $ 42,767 $ 42,767 Other assets (2) — — 1,481 1,481 Total $ — $ — $ 44,248 $ 44,248 (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 June 30, 2020 and December 31, 2019: June 30, 2020 Fair Value Measurement Using (in thousands) Carrying Value Estimated Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Financial Assets: Cash and cash equivalents $ 1,404,527 $ 1,404,527 $ 1,404,527 $ — $ — FHLB stock (1) 668,698 668,698 — 668,698 — Loans, net 42,235,262 41,894,718 — — 41,894,718 Financial Liabilities: Deposits $ 31,729,581 $ 31,797,595 $ 19,687,327 (2 ) $ 12,110,268 (3 ) $ — Borrowed funds 15,008,064 15,776,408 — 15,776,408 — (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, 2019 Fair Value Measurement Using (in thousands) Carrying Value Estimated Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Financial Assets: Cash and cash equivalents $ 741,870 $ 741,870 $ 741,870 $ — $ — FHLB stock (1) 647,562 647,562 — 647,562 — Loans, net 41,746,517 41,699,929 — $ — 41,699,929 Financial Liabilities: Deposits $ 31,657,132 $ 31,713,945 $ 17,442,274 (2 ) $ 14,271,671 (3 ) $ — Borrowed funds 14,557,593 14,882,776 — 14,882,776 — (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)	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Components of Lease Income	The components of lease income were as follows: (in thousands) For the Three Months ended June 30, 2020 For the Six Months Ended June 30, 2020 For the Three Months ended June 30, 2019 For the Six Months Ended June 30, 2019 Interest income on lease financing (1) $ 13,577 $ 25,526 $ 9,881 $ 17,208 (1) Included in Interest Income – Loans and leases in the Consolidated Statements of Income and Comprehensive Income.
Components of Net Investment in Direct Financing Leases	At June 30, 2020 and December 31, 2019, the carrying value of net investment in leases was $1.8 billion and $1.4 billion. The components of net investment in direct financing leases, including the carrying amount of the lease receivables, as well as the unguaranteed residual asset were as follows: (in thousands) June 30, 2020 December 31, 2019 Net investment in the lease - lease payments receivable $ 1,742,965 $ 1,302,760 Net investment in the lease - unguaranteed residual assets 73,816 74,064 Total lease payments $ 1,816,781 $ 1,376,824
Summary of Remaining Maturity of Undiscounted Lease Receivables	The following table presents the remaining maturity analysis of the undiscounted lease receivables as of June 30, 2020, as well as the reconciliation to the total amount of receivables recognized in the Consolidated Statements of Condition: (in thousands) June 30, 2020 2020 $ 9,424 2021 73,886 2022 261,716 2023 150,221 2024 121,837 Thereafter 1,199,697 Total lease payments 1,816,781 Plus: deferred origination costs 30,529 Less: unearned income (123,141 ) Total lease finance receivables, net $ 1,724,169
Summary of Components of Lease Expense	The components of lease expense were as follows: (in thousands) For the Three Months Ended June 30, 2020 For the Six Months Ended June 30, 2020 For the Three Months Ended June 30, 2019 For the Six Months Ended June 30, 2019 Operating lease cost $ 6,800 $ 13,559 $ 7,210 $ 14,558 Sublease income (12 ) (23 ) (43 ) (65 ) Total lease cost $ 6,788 $ 13,536 $ 7,167 $ 14,493
Summary of Supplemental Cash Flow Information Related to Leases	Supplemental cash flow information related to the leases for the following periods: (in thousands) For the Three Months Ended June 30, 2020 For the Six Months Ended June 30, 2020 For the Three Months Ended June 30, 2019 For the Six Months Ended June 30, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 6,800 $ 13,559 $ 7,210 $ 14,558
Summary of Supplemental Balance Sheet Information Related to Leases	Supplemental balance sheet information related to the leases for the following periods: (in thousands, except lease term and discount rate) June 30, 2020 December 31, 2019 Operating Leases: Operating lease right-of-use assets 278,276 $ 286,194 Operating lease liabilities 278,272 285,991 Weighted average remaining lease term 17 years 17 years Weighted average discount rate% 3.21 % 3.23 %
Summary of Maturities of Lease Liabilities	Maturities of lease liabilities: June 30, 2020 (in thousands) 2020 $ 13,447 2021 26,733 2022 25,916 2023 25,497 2024 24,850 Thereafter 254,689 Total lease payments 371,132 Less: imputed interest (92,860 ) Total present value of lease liabilities $ 278,272

Derivative and Hedging Activi_2

Derivative and Hedging Activities (Tables)	6 Months Ended
	Jun. 30, 2020
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Schedule of Cumulative Basis Adjustment for Fair Value Hedges	As of June 30, 2020, the following amounts were recorded on the balance sheet related to cumulative basis adjustment for fair value hedges: (in thousands) June 30, 2020 Line Item in the Consolidated Statements of Condition in which the Hedge Item is Included Carrying Amount of the Hedged Assets Cumulative Amount of Fair Value Hedging Adjustments Included in the Carrying Amount of the Hedged Assets Total loans and leases, net (1) $ 2,095,269 $ 95,269 (1) These amounts include the amortized cost basis of closed portfolios used to designate hedging relationships in which the hedged item is the last layer expected to be remaining at the end of the hedging relationship. At June 30, 2020, the amortized cost basis of the closed portfolios used in these hedging relationships was $4.1 billion; the cumulative basis adjustments associated with these hedging relationships was $95.3 million; and the amount of the designated hedged items was $2.0 billion. As of December 31, 2019, the following amounts were recorded on the balance sheet related to cumulative basis adjustment for fair value hedges: (in thousands) December 31, 2019 Line Item in the Consolidated Statements of Condition in which the Hedge Item is Included Carrying Amount of the Hedged Assets Cumulative Amount of Fair Value Hedging Adjustments Included in the Carrying Amount of the Hedged Assets Total loans and leases, net (1) $ 2,053,483 $ 53,483 (1) These amounts include the amortized cost basis of closed portfolios used to designate hedging relationships in which the hedged item is the last layer expected to be remaining at the end of the hedging relationship. At December 31, 2019, the amortized cost basis of the closed portfolios used in these hedging relationships was $4.5 billion; the cumulative basis adjustments associated with these hedging relationships was $53.5 million; and the amount of the designated hedged items was $2.0 billion.
Information Regarding Derivative Financial Instruments	The following table sets forth information regarding the Company’s derivative financial instruments at June 30, 2020 and December 31, 2019: Notional Amount Other Assets Other Liabilities Derivatives designated as fair value hedging instruments: Interest rate swap $ 2,000,000 $ — $ — Total derivatives designated as fair value hedging instruments $ 2,000,000 $ — $ —
Effect of Derivative Instruments on 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. (in thousands) For the Three Months Ended June 30, 2020 For the Six Months Ended June 30, 2020 For the Three Months Ended June 30, 2019 For the Six Months Ended June 30, 2019 Derivative – interest rate swap: Interest income $ (8,785 ) $ (36,915 ) $ (39,822 ) $ (58,354 ) Hedged item – loans: Interest income $ 8,785 $ 36,915 $ 39,822 $ 58,354
Information about Interest Rate Swaps Designated as Cash Flow Hedges	The following table summarizes information about the interest rate swaps designated as cash flow hedges at June 30, 2020 and December 31, 2019: (dollars in thousands) June 30, 2020 December 31, 2019 Notional amounts $ 2,250,000 $ 800,000 Cash collateral posted 55,030 1,185 Weighted average pay rates 1.27 % 1.62 % Weighted average receive rates 0.56 % 1.90 % Weighted average maturity 2.4 years 2.5 years
Effect of Cash Flow Derivative Instruments on AOCL	The following table presents the effect of the Company’s cash flow derivative instruments on AOCL for the six months ended June 30, 2020. The Company had no such derivative financial instruments during the six months ended June 30, 2019: (in thousands) For the Six Months Ended June 30, 2020 Amount of loss recognized in AOCL $ 57,043 Amount of gain reclassified from AOCL to interest expense 828

Organization, Basis of Presen_3

Organization, Basis of Presentation and Recently Adopted Accounting Standards - Additional Information (Details) $ / shares in Units, $ in Millions	3 Months Ended	6 Months Ended
	Mar. 31, 2020	Jun. 30, 2020USD ($)Branch$ / shares	Dec. 31, 2019$ / shares	Nov. 23, 1993$ / shares
Organization and Basis of Presentation [Line Items]
Common stock, par | $ / shares		$ 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).
Cumulative effect on retained earnings, reduction in tax | $		$ 10.5
Accounting Standards Update [Extensible List]	us-gaap:AccountingStandardsUpdate201613Member	us-gaap:AccountingStandardsUpdate201613Member
New York Community Bank
Organization and Basis of Presentation [Line Items]
Number of branches | Branch		237
New York Community Bank | Corporate Segment
Organization and Basis of Presentation [Line Items]
Number of branches | Branch		19
New York Community Bank | Corporate and Other
Organization and Basis of Presentation [Line Items]
Number of branches | Branch		218
IPO
Organization and Basis of Presentation [Line Items]
Shares issued, price per share | $ / shares				$ 25
Shares issued, price per share, split adjusted basis | $ / shares		$ 0.93

Computation of Earnings per C_3

Computation of Earnings per Common Share - Computation of Basic and Diluted EPS (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Earnings Per Share [Abstract]
Net income available to common shareholders	$ 97,140	$ 89,039	$ 189,261	$ 178,409
Less: Dividends paid on and earnings allocated to participating securities	(1,186)	(1,055)	(3,331)	(2,177)
Earnings applicable to common stock	$ 95,954	$ 87,984	$ 185,930	$ 176,232
Weighted average common shares outstanding	461,933,533	465,351,586	463,463,751	465,422,251
Basic earnings per common share	$ 0.21	$ 0.19	$ 0.40	$ 0.38
Earnings applicable to common stock	$ 95,954	$ 87,984	$ 185,930	$ 176,232
Potential dilutive common shares	555,960	289,851	487,317	145,727
Total shares for diluted earnings per common share computation	462,489,493	465,641,437	463,951,068	465,567,978
Diluted earnings per common share and common share equivalents	$ 0.21	$ 0.19	$ 0.40	$ 0.38

Reclassifications of Accumulate

Reclassifications of Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands		3 Months Ended				6 Months Ended
		Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income tax (expense) benefit		$ 34,738		$ 33,145		$ 49,653	$ 64,133
Net income		105,347	$ 100,328	97,246	$ 97,577	205,675	194,823
Interest expense		$ 157,203		$ 216,062		353,778	$ 420,911
Reclassifications, net of tax	[1]					(2,643)
Past service liability
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Reclassifications, before tax	[1],[2]					124
Actuarial losses
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Reclassifications, before tax	[1],[2]					(3,674)
Amortization of defined benefit pension
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Reclassifications, before tax	[1]					(3,550)
Tax benefit	[1]					976
Reclassifications, net of tax	[1]					(2,574)
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 securities	[1]					734
Income tax (expense) benefit	[1]					(202)
Net income	[1]					532
Reclassification out of Accumulated Other Comprehensive Income (loss) | Unrealized loss on cash flow hedges
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income tax (expense) benefit	[1]					227
Net income	[1]					(601)
Interest expense	[1]					$ (828)
[1]	Amounts in parentheses indicate expense items.
[2]	See Note 8, “Pension and Other Post-Retirement Benefits,” for additional information.

Securities - Summary of Portfol

Securities - Summary of Portfolio of Securities Available for Sale (Details) - USD ($) $ in Thousands		Jun. 30, 2020		Dec. 31, 2019
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		$ 5,100,223	[1]	$ 5,841,796
Gross Unrealized Gain		151,470	[1]	77,498
Gross Unrealized Loss		49,993	[1]	33,407
Fair Value		5,201,700	[1]	5,885,887
Asset-backed Securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		440,261	[2]	384,108
Gross Unrealized Gain	[2]	94
Gross Unrealized Loss		18,962	[2]	10,854
Fair Value		421,393	[2]	373,254
Mutual Funds and Common Stock
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		16,871	[3]	16,871
Gross Unrealized Gain		1,458	[3]	718
Gross Unrealized Loss				173
Fair Value		18,329	[3]	17,416
Mortgage-related Securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		2,901,629		3,313,757
Gross Unrealized Gain		126,206		47,282
Gross Unrealized Loss		883		7,304
Fair Value		3,026,952		3,353,735
Mortgage-related Securities | GSE Certificates
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		1,288,192		1,530,317
Gross Unrealized Gain		69,358		26,069
Gross Unrealized Loss		35		3,763
Fair Value		1,357,515		1,552,623
Mortgage-related Securities | GSE CMOs
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		1,613,437		1,783,440
Gross Unrealized Gain		56,848		21,213
Gross Unrealized Loss		848		3,541
Fair Value		1,669,437		1,801,112
Debt Securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		2,166,431		2,495,876
Gross Unrealized Gain		23,806		29,376
Gross Unrealized Loss		49,007		25,930
Fair Value		2,141,230		2,499,322
Debt Securities | U.S. Treasury Obligations
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		61,938		41,820
Gross Unrealized Gain		46		19
Gross Unrealized Loss		3
Fair Value		61,981		41,839
Debt Securities | GSE Debentures
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		672,101		1,093,845
Gross Unrealized Gain		6,439		5,707
Gross Unrealized Loss				5,312
Fair Value		678,540		1,094,240
Debt Securities | Municipal Bonds
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		26,366		26,808
Gross Unrealized Gain		729		559
Gross Unrealized Loss		185		475
Fair Value		26,910		26,892
Debt Securities | Corporate Bonds
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		870,475		854,195
Gross Unrealized Gain		11,434		15,970
Gross Unrealized Loss		15,084		2,983
Fair Value		866,825		867,182
Debt Securities | Capital Trust Notes
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		95,290		95,100
Gross Unrealized Gain		5,064		7,121
Gross Unrealized Loss		14,773		6,306
Fair Value		85,581		95,915
Mortgage Backed Securities And Other Securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		5,068,060		5,809,633
Gross Unrealized Gain		150,012		76,658
Gross Unrealized Loss		49,890		33,234
Fair Value		5,168,182		5,853,057
Equity Securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		32,163		32,163
Gross Unrealized Gain		1,458		840
Gross Unrealized Loss		103		173
Fair Value		33,518		32,830
Equity Securities | Preferred stock
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		15,292		15,292
Gross Unrealized Gain				122
Gross Unrealized Loss		103
Fair Value		$ 15,189		$ 15,414
[1]	Excludes accrued interest receivable of $16.5 million included in other assets in the Consolidated Statements of Condition.
[2]	The underlying assets of the asset-backed securities are substantially guaranteed by the U.S. Government.
[3]	Primarily consists of mutual funds that are CRA-qualified investments.

Securities - Summary of Portf_2

Securities - Summary of Portfolio of Securities Available for Sale (Parenthetical) (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Available-for-sale Securities
Schedule of Available-for-sale Securities [Line Items]
Accrued interest receivable	$ 16.5	$ 24.4

Securities - Additional Informa

Securities - Additional Information (Details)		3 Months Ended		6 Months Ended
		Jun. 30, 2020USD ($)Investment	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)Investment	Jun. 30, 2019USD ($)	Dec. 31, 2019USD ($)Investment
Schedule of Investments [Line Items]
Federal Home Loan Bank stock, at cost | $	[1]	$ 668,698,000		$ 668,698,000		$ 647,562,000
Equity Securities, FV-NI, Unrealized Gain | $		$ 902,000	$ 457,000	$ 687,000	$ 1,200,000
Collateralized Mortgage Obligations
Schedule of Investments [Line Items]
Number of investment securities designated as having a continuous loss position for twelve months or more		7		7		3
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		5
Asset-backed Securities
Schedule of Investments [Line Items]
Number of investment securities designated as having a continuous loss position for twelve months or more		7		7		3
Corporate Bonds
Schedule of Investments [Line Items]
Number of investment securities designated as having a continuous loss position for twelve months or more		3		3		2
Municipal Bonds
Schedule of Investments [Line Items]
Number of investment securities designated as having a continuous loss position for twelve months or more		1		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						7
Mortgage-related Securities
Schedule of Investments [Line Items]
Number of investment securities designated as having a continuous loss position for twelve months or more						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]	Carrying value and estimated fair value are at cost.

Securities - Summary of Gross P

Securities - Summary of Gross Proceeds and Gross Realized Gains and Losses from Sale of Available-for-Sale Securities (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Investments Debt And Equity Securities [Abstract]
Gross proceeds	$ 442,075	$ 363,346
Gross realized gains	1,877	$ 5,445
Gross realized losses	$ 1,143

Securities - Summary of Amortiz

Securities - Summary of Amortized Cost of Available-for-Sale Securities by Contractual Maturity (Details) $ in Thousands	Jun. 30, 2020USD ($)
Available-for-Sale Debt Securities:
Due within one year	$ 179,930
Due from one to five years	724,999
Due from five to ten years	1,247,921
Due after ten years	3,015,332
Total debt securities available for sale	5,168,182
Mortgage-related Securities
Available-for-Sale Debt Securities:
Due within one year	109,229
Due from one to five years	462,094
Due from five to ten years	148,386
Due after ten years	2,181,920
Total debt securities available for sale	$ 2,901,629
Available-for-Sale Securities, Average Yield
Due within one year, Average Yield	3.54%
Due from one to five years, Average Yield	3.11%
Due from five to ten years, Average Yield	2.71%
Due after ten years, Average Yield	2.55%
Total securities available for sale, Average Yield	2.69%
U.S. Government and GSE obligations
Available-for-Sale Debt Securities:
Due within one year	$ 68,888
Due from one to five years	25,924
Due from five to ten years	316,056
Due after ten years	323,171
Total debt securities available for sale	$ 734,039
Available-for-Sale Securities, Average Yield
Due within one year, Average Yield	0.99%
Due from one to five years, Average Yield	3.39%
Due from five to ten years, Average Yield	3.21%
Due after ten years, Average Yield	2.15%
Total securities available for sale, Average Yield	2.54%
State, County, and Municipal
Available-for-Sale Debt Securities:
Due within one year	$ 149
Due from five to ten years	20,334
Due after ten years	5,883
Total debt securities available for sale	$ 26,366
Available-for-Sale Securities, Average Yield
Due within one year, Average Yield	6.66%
Due from five to ten years, Average Yield	3.50%
Due after ten years, Average Yield	3.33%
Total securities available for sale, Average Yield	3.48%
Other Debt Securities
Available-for-Sale Debt Securities:
Due from one to five years	$ 196,373
Due from five to ten years	761,943
Due after ten years	447,710
Total debt securities available for sale	$ 1,406,026
Available-for-Sale Securities, Average Yield
Due from one to five years, Average Yield	3.15%
Due from five to ten years, Average Yield	2.39%
Due after ten years, Average Yield	1.41%
Total securities available for sale, Average Yield	2.18%

Securities - Summary of Held-to

Securities - Summary of Held-to-Maturity and Available-for-Sale Securities Having Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Debt Securities
Schedule of Investments [Line Items]
Temporarily Impaired Available-for-Sale Securities, Less than Twelve Months Fair Value	$ 589,073	$ 1,671,447
Temporarily Impaired Available-for-Sale Securities, Less than Twelve Months Unrealized Loss	10,340	21,770
Temporarily Impaired Available-for-Sale Securities, Twelve Months or Longer Fair Value	884,962	627,545
Temporarily Impaired Available-for-Sale Securities, Twelve Months or Longer Unrealized Loss	39,653	11,637
Temporarily Impaired Available-for-Sale Securities, Total Fair Value	1,474,035	2,298,992
Temporarily Impaired Available-for-Sale Securities, Total Unrealized Loss	49,993	33,407
Debt Securities | U.S. Treasury Obligations
Schedule of Investments [Line Items]
Temporarily Impaired Available-for-Sale Securities, Less than Twelve Months Fair Value	9,997	11,917
Temporarily Impaired Available-for-Sale Securities, Less than Twelve Months Unrealized Loss	3
Temporarily Impaired Available-for-Sale Securities, Total Fair Value	9,997	11,917
Temporarily Impaired Available-for-Sale Securities, Total Unrealized Loss	3
Debt Securities | GSE Certificates
Schedule of Investments [Line Items]
Temporarily Impaired Available-for-Sale Securities, Less than Twelve Months Fair Value	13,142	396,930
Temporarily Impaired Available-for-Sale Securities, Less than Twelve Months Unrealized Loss	35	3,718
Temporarily Impaired Available-for-Sale Securities, Twelve Months or Longer Fair Value		7,542
Temporarily Impaired Available-for-Sale Securities, Twelve Months or Longer Unrealized Loss		45
Temporarily Impaired Available-for-Sale Securities, Total Fair Value	13,142	404,472
Temporarily Impaired Available-for-Sale Securities, Total Unrealized Loss	35	3,763
Debt Securities | GSE CMOs
Schedule of Investments [Line Items]
Temporarily Impaired Available-for-Sale Securities, Less than Twelve Months Fair Value	24,532	609,502
Temporarily Impaired Available-for-Sale Securities, Less than Twelve Months Unrealized Loss	28	2,582
Temporarily Impaired Available-for-Sale Securities, Twelve Months or Longer Fair Value	240,311	133,955
Temporarily Impaired Available-for-Sale Securities, Twelve Months or Longer Unrealized Loss	820	959
Temporarily Impaired Available-for-Sale Securities, Total Fair Value	264,843	743,457
Temporarily Impaired Available-for-Sale Securities, Total Unrealized Loss	848	3,541
Debt Securities | Asset-backed Securities
Schedule of Investments [Line Items]
Temporarily Impaired Available-for-Sale Securities, Less than Twelve Months Fair Value		256,619
Temporarily Impaired Available-for-Sale Securities, Less than Twelve Months Unrealized Loss		10,854
Temporarily Impaired Available-for-Sale Securities, Twelve Months or Longer Fair Value	361,265	116,635
Temporarily Impaired Available-for-Sale Securities, Twelve Months or Longer Unrealized Loss	18,962
Temporarily Impaired Available-for-Sale Securities, Total Fair Value	361,265	373,254
Temporarily Impaired Available-for-Sale Securities, Total Unrealized Loss	18,962	10,854
Debt Securities | Municipal Bonds
Schedule of Investments [Line Items]
Temporarily Impaired Available-for-Sale Securities, Twelve Months or Longer Fair Value	9,215	9,349
Temporarily Impaired Available-for-Sale Securities, Twelve Months or Longer Unrealized Loss	185	475
Temporarily Impaired Available-for-Sale Securities, Total Fair Value	9,215	9,349
Temporarily Impaired Available-for-Sale Securities, Total Unrealized Loss	185	475
Debt Securities | Corporate Bonds
Schedule of Investments [Line Items]
Temporarily Impaired Available-for-Sale Securities, Less than Twelve Months Fair Value	483,178	99,300
Temporarily Impaired Available-for-Sale Securities, Less than Twelve Months Unrealized Loss	6,274	700
Temporarily Impaired Available-for-Sale Securities, Twelve Months or Longer Fair Value	241,190	172,717
Temporarily Impaired Available-for-Sale Securities, Twelve Months or Longer Unrealized Loss	8,810	2,283
Temporarily Impaired Available-for-Sale Securities, Total Fair Value	724,368	272,017
Temporarily Impaired Available-for-Sale Securities, Total Unrealized Loss	15,084	2,983
Debt Securities | Capital Trust Notes
Schedule of Investments [Line Items]
Temporarily Impaired Available-for-Sale Securities, Less than Twelve Months Fair Value	43,034
Temporarily Impaired Available-for-Sale Securities, Less than Twelve Months Unrealized Loss	3,897
Temporarily Impaired Available-for-Sale Securities, Twelve Months or Longer Fair Value	32,981	37,525
Temporarily Impaired Available-for-Sale Securities, Twelve Months or Longer Unrealized Loss	10,876	6,306
Temporarily Impaired Available-for-Sale Securities, Total Fair Value	76,015	37,525
Temporarily Impaired Available-for-Sale Securities, Total Unrealized Loss	14,773	6,306
Debt Securities | U.S. Government and GSE obligations
Schedule of Investments [Line Items]
Temporarily Impaired Available-for-Sale Securities, Less than Twelve Months Fair Value		297,179
Temporarily Impaired Available-for-Sale Securities, Less than Twelve Months Unrealized Loss		3,916
Temporarily Impaired Available-for-Sale Securities, Twelve Months or Longer Fair Value		138,189
Temporarily Impaired Available-for-Sale Securities, Twelve Months or Longer Unrealized Loss		1,396
Temporarily Impaired Available-for-Sale Securities, Total Fair Value		435,368
Temporarily Impaired Available-for-Sale Securities, Total Unrealized Loss		5,312
Equity Securities
Schedule of Investments [Line Items]
Temporarily Impaired Available-for-Sale Securities, Less than Twelve Months Fair Value	15,190
Temporarily Impaired Available-for-Sale Securities, Less than Twelve Months Unrealized Loss	103
Temporarily Impaired Available-for-Sale Securities, Twelve Months or Longer Fair Value		11,633
Temporarily Impaired Available-for-Sale Securities, Twelve Months or Longer Unrealized Loss		173
Temporarily Impaired Available-for-Sale Securities, Total Fair Value	15,190	11,633
Temporarily Impaired Available-for-Sale Securities, Total Unrealized Loss	$ 103	$ 173

Loans and Leases - Composition

Loans and Leases - Composition of Loan and Lease Portfolio (Details) - USD ($) $ in Thousands		Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-Covered Loans		$ 42,245,895	$ 41,844,019
Non-Covered Loans, Percentage		100.00%	100.00%
Net deferred loan origination costs		$ 60,292	$ 50,136
Allowance for loan and lease losses		(174,287)	(147,638)	$ (151,112)	$ (159,820)
Total loans and leases held for investment, net		42,131,900	41,746,517
Loans held for sale		103,362
Total loans and leases, net		42,235,262	41,746,517
Multi-Family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-Covered Loans		$ 31,597,075	$ 31,158,672
Non-Covered Loans, Percentage		74.80%	74.46%
Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-Covered Loans		$ 6,929,883	$ 7,081,910
Non-Covered Loans, Percentage		16.40%	16.93%
One-to-Four Family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-Covered Loans		$ 320,740	$ 380,361
Non-Covered Loans, Percentage		0.76%	0.91%
Acquisition, Development, and Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-Covered Loans		$ 126,402	$ 200,596
Non-Covered Loans, Percentage		0.30%	0.48%
Mortgage Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-Covered Loans	[1]	$ 38,974,100	$ 38,821,539
Non-Covered Loans, Percentage	[1]	92.26%	92.78%
Allowance for loan and lease losses		$ (157,507)	$ (122,695)	$ (122,088)	$ (130,983)
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-Covered Loans	[2],[3]	$ 3,265,072	$ 3,014,378
Non-Covered Loans, Percentage	[3]	7.73%	7.20%
Commercial and Industrial | Other loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-Covered Loans		$ 1,571,432	$ 1,742,380
Non-Covered Loans, Percentage		3.72%	4.16%
Lease Financing, Unearned Income
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-Covered Loans		$ 1,693,640	$ 1,271,998
Non-Covered Loans, Percentage		4.01%	3.04%
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-Covered Loans		$ 6,723	$ 8,102
Non-Covered Loans, Percentage		0.01%	0.02%
Total Other Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-Covered Loans		$ 3,271,795	$ 3,022,480
Total Other Loans | Other loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-Covered Loans	[1]	$ 3,271,795	$ 3,022,480
Non-Covered Loans, Percentage	[1]	7.74%	7.22%
[1]	Excludes accrued interest receivable of $167.3 million and $116.9 million at June 30, 2020 and December 31, 2019, respectively, which is included in other assets in the Consolidated Statements of Condition.
[2]	Includes lease financing receivables, all of which were classified as Pass
[3]	Includes specialty finance loans and leases of $2.9 billion and $2.6 billion, respectively, at June 30, 2020 and December 31, 2019, and other C&I loans of $380.9 million and $420.1 million, respectively, at June 30, 2020 and December 31, 2019.

Loans and Leases - Compositio_2

Loans and Leases - Composition of Loan and Lease Portfolio (Parenthetical) (Details) - USD ($) $ in Thousands		Jun. 30, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-Covered Loans		$ 42,245,895	$ 41,844,019
Other Assets
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accrued interest receivable		167,300	116,900
Lease Financing, Unearned Income
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unearned income		123,141	104,826
Non-Covered Loans		1,693,640	1,271,998
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-Covered Loans	[1],[2]	3,265,072	3,014,378
Commercial and Industrial | Other loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-Covered Loans		1,571,432	1,742,380
Commercial and Industrial | Specialty Finance Loans | Other loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-Covered Loans		2,900,000	2,600,000
Commercial and Industrial | Other Commercial and Industrial Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-Covered Loans		$ 380,900	$ 420,100
[1]	Includes lease financing receivables, all of which were classified as Pass
[2]	Includes specialty finance loans and leases of $2.9 billion and $2.6 billion, respectively, at June 30, 2020 and December 31, 2019, and other C&I loans of $380.9 million and $420.1 million, respectively, at June 30, 2020 and December 31, 2019.

Loans and Leases - Additional I

Loans and Leases - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Financing Receivable, Recorded Investment [Line Items]
Outstanding loans to Executive officers, directors, principal shareholders, related interest and parties	$ 38,000		$ 38,000		$ 38,200
Delinquent loans selectively extended to certain borrowers, rate reductions, forbearance of arrears, and extension of maturity dates	16,510		$ 18,082
CARES act of 2020 aid, election description			the Company made the election to deem that loan modifications do not result in TDRs if they are (1) related to the novel coronavirus disease (“COVID-19”); (2) executed on a loan that was not more than 30 days past due as of December 31, 2019; and (3) executed between March 1, 2020, and the earlier of (A) 60 days after the date of termination of the National Emergency or (B) December 31, 2020. This includes short-term (e.g., up to six months) modifications such as payment deferrals, fee waivers, extensions of repayment terms, or delays in payment that are insignificant. Borrowers considered current are those that are less than 30 days past due on their contractual payments at the time a modification program is implemented. At June 30, 2020, total payment deferrals for the entire loan portfolio were $7.4 billion.
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	1,391	$ 18,004	$ 2,963	$ 21,092
Loan classified as non accrual TDRs	6,400	$ 3,300	6,400	$ 3,300
Payment Deferrals
Financing Receivable, Recorded Investment [Line Items]
Troubled debt restructurings	$ 7,400,000		7,400,000
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			18,600
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			$ 26,300

Loans and Leases - Quality of L

Loans and Leases - Quality of Loans Held for Investment (Details) - USD ($) $ in Thousands		Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans Receivable		$ 42,245,895	$ 41,844,019
Multi-Family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans Receivable		31,597,075	31,158,672
Commercial Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans Receivable		6,929,883	7,081,910
One-to-Four Family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans Receivable		320,740	380,361
Acquisition, Development, and Construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans Receivable		126,402	200,596
Commercial and Industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non- Accrual Loans		6,400		$ 3,300
Total Loans Receivable	[1],[2]	3,265,072	3,014,378
Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans Receivable		6,723	8,102
Non-Covered Loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans		55,806	64,963
Non- Accrual Loans		53,671	61,243
Current Loans		42,134,283	41,779,056
Total Loans Receivable		42,245,895	41,844,019
Non-Covered Loans | Financing Receivable, 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans		2,135	3,720
Non-Covered Loans | Multi-Family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans		6,699	6,538
Non- Accrual Loans		6,316	5,407
Current Loans		31,583,677	31,152,134
Total Loans Receivable		31,597,075	31,158,672
Non-Covered Loans | Multi-Family | Financing Receivable, 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans		383	1,131
Non-Covered Loans | Commercial Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans		16,509	17,375
Non- Accrual Loans		16,183	14,830
Current Loans		6,896,865	7,064,535
Total Loans Receivable		6,929,883	7,081,910
Non-Covered Loans | Commercial Real Estate | Financing Receivable, 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans		326	2,545
Non-Covered Loans | One-to-Four Family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans		3,077	1,730
Non- Accrual Loans		1,716	1,730
Current Loans		314,586	378,631
Total Loans Receivable		320,740	380,361
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 Loans		1,361
Non-Covered Loans | Acquisition, Development, and Construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current Loans		126,402	200,596
Total Loans Receivable		126,402	200,596
Non-Covered Loans | Commercial and Industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans		29,454	39,024
Non- Accrual Loans		29,454	39,024
Current Loans		3,206,164	2,975,354
Total Loans Receivable		3,265,072	3,014,378
Non-Covered Loans | Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans		67	296
Non- Accrual Loans		2	252
Current Loans		6,589	7,806
Total Loans Receivable		6,723	8,102
Non-Covered Loans | Other | Financing Receivable, 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans		$ 65	$ 44
[1]	Includes lease financing receivables, all of which were classified as Pass
[2]	Includes specialty finance loans and leases of $2.9 billion and $2.6 billion, respectively, at June 30, 2020 and December 31, 2019, and other C&I loans of $380.9 million and $420.1 million, respectively, at June 30, 2020 and December 31, 2019.

Loans and Leases - Quality of_2

Loans and Leases - Quality of Loans Held for Investment (Parenthetical) (Details) - Taxi Medallion Loans - Commercial and Industrial - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Loans 90 Days Or More Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	$ 26,000,000	$ 30,400,000
Financing Receivable, 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	$ 0	$ 0

Loans and Leases - Portfolio of

Loans and Leases - Portfolio of Loans Held for Investment by Credit Quality Indicator (Details) - USD ($) $ in Thousands		Jun. 30, 2020	Dec. 31, 2019
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		$ 42,245,895	$ 41,844,019
Multi-Family
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		31,597,075	31,158,672
Multi-Family | Pass
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		31,302,833	30,903,657
Multi-Family | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		230,210	239,664
Multi-Family | Substandard
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		64,032	15,351
Commercial Real Estate
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		6,929,883	7,081,910
Commercial Real Estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		6,647,278	6,902,218
Commercial Real Estate | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		193,232	104,648
Commercial Real Estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		89,373	75,044
One-to-Four Family
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		320,740	380,361
One-to-Four Family | Pass
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		317,411	377,883
One-to-Four Family | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		1,618	748
One-to-Four Family | Substandard
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		1,711	1,730
Acquisition, Development, and Construction
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		126,402	200,596
Acquisition, Development, and Construction | Pass
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		100,832	158,751
Acquisition, Development, and Construction | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		25,570	41,456
Acquisition, Development, and Construction | Substandard
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans			389
Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans	[1]	38,974,100	38,821,539
Mortgage Receivable | Pass
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		38,368,354	38,342,509
Mortgage Receivable | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		450,630	386,516
Mortgage Receivable | Substandard
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		155,116	92,514
Commercial and Industrial
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans	[2],[3]	3,265,072	3,014,378
Commercial and Industrial | Pass
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans	[2]	3,199,250	2,960,557
Commercial and Industrial | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans	[2]	3,894	1,588
Commercial and Industrial | Substandard
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans	[2]	61,928	52,233
Other
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		6,723	8,102
Other | Pass
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		6,721	7,850
Other | Substandard
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		2	252
Total Other Loans
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		3,271,795	3,022,480
Total Other Loans | Pass
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		3,205,971	2,968,407
Total Other Loans | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		3,894	1,588
Total Other Loans | Substandard
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		$ 61,930	$ 52,485
[1]	Excludes accrued interest receivable of $167.3 million and $116.9 million at June 30, 2020 and December 31, 2019, respectively, which is included in other assets in the Consolidated Statements of Condition.
[2]	Includes lease financing receivables, all of which were classified as Pass
[3]	Includes specialty finance loans and leases of $2.9 billion and $2.6 billion, respectively, at June 30, 2020 and December 31, 2019, and other C&I loans of $380.9 million and $420.1 million, respectively, at June 30, 2020 and December 31, 2019.

Loans and Leases - Schedule of

Loans and Leases - Schedule of Credit Quality Indicator, Loan Class and Year of Origination the Amortized Cost Basis of Loans And Leases (Details) $ in Thousands	Jun. 30, 2020USD ($)
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	$ 42,306,189
Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	39,000,279
Other loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	3,305,910
2020
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	4,892,525
2020 | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	4,311,632
2020 | Other loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	580,893
2019
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	7,980,896
2019 | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	7,068,496
2019 | Other loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	912,400
2018
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	7,022,866
2018 | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	6,813,755
2018 | Other loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	209,111
2017
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	5,552,479
2017 | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	5,300,856
2017 | Other loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	251,623
2016
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	4,552,082
2016 | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	4,410,288
2016 | Other loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	141,794
Prior to 2016
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	11,232,954
Prior to 2016 | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	11,071,831
Prior to 2016 | Other loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	161,123
Revolving Loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	1,072,387
Revolving Loans | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	23,421
Revolving Loans | Other loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	1,048,966
Pass | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	38,395,050
Pass | Other loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	3,240,125
Pass | 2020 | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	4,311,632
Pass | 2020 | Other loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	579,851
Pass | 2019 | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	7,066,229
Pass | 2019 | Other loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	904,008
Pass | 2018 | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	6,737,878
Pass | 2018 | Other loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	205,400
Pass | 2017 | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	5,204,929
Pass | 2017 | Other loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	236,169
Pass | 2016 | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	4,234,835
Pass | 2016 | Other loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	137,604
Pass | Prior to 2016 | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	10,816,916
Pass | Prior to 2016 | Other loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	157,650
Pass | Revolving Loans | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	22,631
Pass | Revolving Loans | Other loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	1,019,443
Special Mention | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	450,852
Special Mention | Other loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	3,892
Special Mention | 2019 | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	2,267
Special Mention | 2019 | Other loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	42
Special Mention | 2018 | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	68,295
Special Mention | 2017 | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	77,061
Special Mention | 2016 | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	126,081
Special Mention | Prior to 2016 | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	176,358
Special Mention | Revolving Loans | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	790
Special Mention | Revolving Loans | Other loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	3,850
Substandard | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	154,377
Substandard | Other loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	61,893
Substandard | 2020 | Other loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	1,042
Substandard | 2019 | Other loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	8,350
Substandard | 2018 | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	7,582
Substandard | 2018 | Other loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	3,711
Substandard | 2017 | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	18,866
Substandard | 2017 | Other loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	15,454
Substandard | 2016 | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	49,372
Substandard | 2016 | Other loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	4,190
Substandard | Prior to 2016 | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	78,557
Substandard | Prior to 2016 | Other loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	3,473
Substandard | Revolving Loans | Other loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	$ 25,673

Loans and Leases - Summary of C

Loans and Leases - Summary of Collateral-Dependent Loans Held for Investment by Collateral Type (Details) $ in Thousands	Jun. 30, 2020USD ($)
Real Estate
Disclosure of Summary of Collateral Dependent Loans Held for Investment by Collateral Type [Line Items]
Assets received as collateral	$ 32,642
Real Estate | Multi-Family
Disclosure of Summary of Collateral Dependent Loans Held for Investment by Collateral Type [Line Items]
Loans and leases receivable, collateral for secured borrowings	2,248
Real Estate | Commercial Real Estate
Disclosure of Summary of Collateral Dependent Loans Held for Investment by Collateral Type [Line Items]
Loans and leases receivable, collateral for secured borrowings	29,824
Real Estate | One-to-Four Family
Disclosure of Summary of Collateral Dependent Loans Held for Investment by Collateral Type [Line Items]
Loans and leases receivable, collateral for secured borrowings	570
Other
Disclosure of Summary of Collateral Dependent Loans Held for Investment by Collateral Type [Line Items]
Loans and leases receivable, collateral for secured borrowings	37,135
Other | Acquisition, Development, and Construction
Disclosure of Summary of Collateral Dependent Loans Held for Investment by Collateral Type [Line Items]
Loans and leases receivable, collateral for secured borrowings	$ 37,135

Loans and Leases - Information

Loans and Leases - Information Regarding Troubled Debt Restructurings (Details) - Non-Covered Loans - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Financing Receivable Modifications [Line Items]
Troubled debt restructurings	$ 44,948	$ 40,499
Multi-Family
Financing Receivable Modifications [Line Items]
Troubled debt restructurings	2,248	3,577
Commercial Real Estate
Financing Receivable Modifications [Line Items]
Troubled debt restructurings	15,119
One-to-Four Family
Financing Receivable Modifications [Line Items]
Troubled debt restructurings	570	584
Acquisition, Development, and Construction
Financing Receivable Modifications [Line Items]
Troubled debt restructurings		389
Commercial and Industrial
Financing Receivable Modifications [Line Items]
Troubled debt restructurings	27,011	35,949
Accruing
Financing Receivable Modifications [Line Items]
Troubled debt restructurings	15,984	1,254
Accruing | Commercial Real Estate
Financing Receivable Modifications [Line Items]
Troubled debt restructurings	15,119
Accruing | Acquisition, Development, and Construction
Financing Receivable Modifications [Line Items]
Troubled debt restructurings		389
Accruing | Commercial and Industrial
Financing Receivable Modifications [Line Items]
Troubled debt restructurings	865	865
Non-Accrual
Financing Receivable Modifications [Line Items]
Troubled debt restructurings	28,964	39,245
Non-Accrual | Multi-Family
Financing Receivable Modifications [Line Items]
Troubled debt restructurings	2,248	3,577
Non-Accrual | One-to-Four Family
Financing Receivable Modifications [Line Items]
Troubled debt restructurings	570	584
Non-Accrual | Commercial and Industrial
Financing Receivable Modifications [Line Items]
Troubled debt restructurings	$ 26,146	$ 35,084

Loans and Leases - Informatio_2

Loans and Leases - Information Regarding Troubled Debt Restructurings (Parenthetical) (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Taxi Medallion Loans
Financing Receivable Modifications [Line Items]
Troubled debt restructurings	$ 20.1	$ 30.4

Loans and Leases - Summary of F

Loans and Leases - Summary of Financial Effects of Troubled Debt Restructurings (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)Investment	Jun. 30, 2019USD ($)Investment	Jun. 30, 2020USD ($)Investment	Jun. 30, 2019USD ($)Investment
Financing Receivable Modifications [Line Items]
Number of loans classified as a non-accrual TDRs | Investment	12		20
Pre-Modification Recorded Investment	$ 17,603		$ 19,523
Post-Modification Recorded Investment	$ 16,510		$ 18,082
Weighted Average Interest Rate, Pre-Modification	7.28%		6.89%
Weighted Average Interest Rate, Post-Modification	3.45%		3.42%
Trouble debt restructuring, charge-off amount	$ 1,093		$ 1,441
Commercial Real Estate
Financing Receivable Modifications [Line Items]
Number of loans classified as a non-accrual TDRs | Investment	1		1
Pre-Modification Recorded Investment	$ 15,119		$ 15,119
Post-Modification Recorded Investment	$ 15,119		$ 15,119
Weighted Average Interest Rate, Pre-Modification	8.00%		8.00%
Weighted Average Interest Rate, Post-Modification	3.50%		3.50%
Commercial and Industrial
Financing Receivable Modifications [Line Items]
Number of loans classified as a non-accrual TDRs | Investment	11	15	19	30
Pre-Modification Recorded Investment	$ 2,484	$ 19,350	$ 4,404	$ 23,544
Post-Modification Recorded Investment	$ 1,391	$ 18,004	$ 2,963	$ 21,092
Weighted Average Interest Rate, Pre-Modification	2.92%	5.31%	3.08%	4.95%
Weighted Average Interest Rate, Post-Modification	2.92%	5.45%	3.03%	5.09%
Trouble debt restructuring, charge-off amount	$ 1,093	$ 1,346	$ 1,441	$ 2,452

Allowance for Loan and Lease _3

Allowance for Loan and Lease Losses - Summary of Activity in Allowance for Loan and Lease Losses (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Valuation Allowance [Line Items]
Balance, beginning of period	$ 147,638	$ 159,820
Impact of CECL adoption	1,911
Charge-offs	(14,323)	(9,830)
Recoveries	343	500
Balance, end of period	174,287	151,112
Mortgage Receivable
Valuation Allowance [Line Items]
Balance, beginning of period	122,695	130,983
Impact of CECL adoption	99
Recoveries	60	22
Balance, end of period	157,507	122,088
Other loans
Valuation Allowance [Line Items]
Balance, beginning of period	24,943	28,837
Impact of CECL adoption	1,812
Charge-offs	(14,323)	(9,830)
Recoveries	283	478
Balance, end of period	16,780	29,024
Non-Covered Loans
Valuation Allowance [Line Items]
Provision for (recovery of) credit losses on loans	38,718	622
Non-Covered Loans | Mortgage Receivable
Valuation Allowance [Line Items]
Provision for (recovery of) credit losses on loans	34,653	(8,917)
Non-Covered Loans | Other loans
Valuation Allowance [Line Items]
Provision for (recovery of) credit losses on loans	$ 4,065	$ 9,539

Allowance for Loan and Lease _4

Allowance for Loan and Lease Losses - Summary of Additional Information about Nonaccrual Loans (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Financing Receivable, Impaired [Line Items]
Impaired loans with no related allowance, Recorded Investment	$ 46,973	$ 56,936
Impaired loans with no related allowance, Interest Income Recognized	806	3,516
Impaired loans with an allowance recorded, Recorded Investment	6,698	1,445
Impaired loans with an allowance recorded, Related Allowance	761	116
Impaired loans with an allowance recorded, Interest Income Recognized	66	13
Total impaired loans, Recorded Investment	53,671	58,381
Total impaired loans, Interest Income Recognized	872	3,529
Multi-Family
Financing Receivable, Impaired [Line Items]
Impaired loans with no related allowance, Recorded Investment	2,248	3,577
Impaired loans with no related allowance, Interest Income Recognized	121	266
Impaired loans with an allowance recorded, Recorded Investment	4,068
Impaired loans with an allowance recorded, Related Allowance	443
Impaired loans with an allowance recorded, Interest Income Recognized	28
Total impaired loans, Recorded Investment	6,316	3,577
Total impaired loans, Interest Income Recognized	149	266
Commercial Real Estate
Financing Receivable, Impaired [Line Items]
Impaired loans with no related allowance, Recorded Investment	14,699	14,717
Impaired loans with no related allowance, Interest Income Recognized	24	371
Impaired loans with an allowance recorded, Recorded Investment	1,484
Impaired loans with an allowance recorded, Related Allowance	117
Impaired loans with an allowance recorded, Interest Income Recognized	31
Total impaired loans, Recorded Investment	16,183	14,717
Total impaired loans, Interest Income Recognized	55	371
One-to-Four Family
Financing Receivable, Impaired [Line Items]
Impaired loans with no related allowance, Recorded Investment	570	584
Impaired loans with no related allowance, Interest Income Recognized	10	21
Impaired loans with an allowance recorded, Recorded Investment	1,146
Impaired loans with an allowance recorded, Related Allowance	201
Impaired loans with an allowance recorded, Interest Income Recognized	7
Total impaired loans, Recorded Investment	1,716	584
Total impaired loans, Interest Income Recognized	17	21
Acquisition, Development, and Construction
Financing Receivable, Impaired [Line Items]
Impaired loans with no related allowance, Recorded Investment		389
Impaired loans with no related allowance, Interest Income Recognized		364
Total impaired loans, Recorded Investment		389
Total impaired loans, Interest Income Recognized		364
Other loans
Financing Receivable, Impaired [Line Items]
Impaired loans with no related allowance, Recorded Investment	29,456	37,669
Impaired loans with no related allowance, Interest Income Recognized	651	2,494
Impaired loans with an allowance recorded, Recorded Investment		1,445
Impaired loans with an allowance recorded, Related Allowance		116
Impaired loans with an allowance recorded, Interest Income Recognized		13
Total impaired loans, Recorded Investment	29,456	39,114
Total impaired loans, Interest Income Recognized	$ 651	$ 2,507

Allowance for Loan and Lease _5

Allowance for Loan and Lease Losses - Summary of Additional Information about Impaired Loans (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Financing Receivable, Impaired [Line Items]
Impaired loans with no related allowance, Recorded Investment	$ 46,973	$ 56,936
Impaired loans with no related allowance, Unpaid Principal Balance		143,149
Impaired loans with no related allowance, Average Recorded Investment		54,393
Impaired loans with no related allowance, Interest Income Recognized	806	3,516
Impaired loans with an allowance recorded, Recorded Investment	6,698	1,445
Impaired loans with an allowance recorded, Unpaid Principal Balance		4,173
Impaired loans with an allowance recorded, Related Allowance	761	116
Impaired loans with an allowance recorded, Average Recorded Investment		4,111
Impaired loans with an allowance recorded, Interest Income Recognized	66	13
Total impaired loans, Recorded Investment	53,671	58,381
Total impaired loans, Unpaid Principal Balance		147,322
Total impaired loans, Average Recorded Investment		58,504
Total impaired loans, Interest Income Recognized	872	3,529
Multi-Family
Financing Receivable, Impaired [Line Items]
Impaired loans with no related allowance, Recorded Investment	2,248	3,577
Impaired loans with no related allowance, Unpaid Principal Balance		6,790
Impaired loans with no related allowance, Average Recorded Investment		4,336
Impaired loans with no related allowance, Interest Income Recognized	121	266
Impaired loans with an allowance recorded, Recorded Investment	4,068
Impaired loans with an allowance recorded, Related Allowance	443
Impaired loans with an allowance recorded, Interest Income Recognized	28
Total impaired loans, Recorded Investment	6,316	3,577
Total impaired loans, Unpaid Principal Balance		6,790
Total impaired loans, Average Recorded Investment		4,336
Total impaired loans, Interest Income Recognized	149	266
Commercial Real Estate
Financing Receivable, Impaired [Line Items]
Impaired loans with no related allowance, Recorded Investment	14,699	14,717
Impaired loans with no related allowance, Unpaid Principal Balance		19,832
Impaired loans with no related allowance, Average Recorded Investment		6,140
Impaired loans with no related allowance, Interest Income Recognized	24	371
Impaired loans with an allowance recorded, Recorded Investment	1,484
Impaired loans with an allowance recorded, Related Allowance	117
Impaired loans with an allowance recorded, Interest Income Recognized	31
Total impaired loans, Recorded Investment	16,183	14,717
Total impaired loans, Unpaid Principal Balance		19,832
Total impaired loans, Average Recorded Investment		6,140
Total impaired loans, Interest Income Recognized	55	371
One-to-Four Family
Financing Receivable, Impaired [Line Items]
Impaired loans with no related allowance, Recorded Investment	570	584
Impaired loans with no related allowance, Unpaid Principal Balance		602
Impaired loans with no related allowance, Average Recorded Investment		811
Impaired loans with no related allowance, Interest Income Recognized	10	21
Impaired loans with an allowance recorded, Recorded Investment	1,146
Impaired loans with an allowance recorded, Related Allowance	201
Impaired loans with an allowance recorded, Interest Income Recognized	7
Total impaired loans, Recorded Investment	1,716	584
Total impaired loans, Unpaid Principal Balance		602
Total impaired loans, Average Recorded Investment		811
Total impaired loans, Interest Income Recognized	17	21
Acquisition, Development, and Construction
Financing Receivable, Impaired [Line Items]
Impaired loans with no related allowance, Recorded Investment		389
Impaired loans with no related allowance, Unpaid Principal Balance		1,289
Impaired loans with no related allowance, Average Recorded Investment		3,508
Impaired loans with no related allowance, Interest Income Recognized		364
Total impaired loans, Recorded Investment		389
Total impaired loans, Unpaid Principal Balance		1,289
Total impaired loans, Average Recorded Investment		3,508
Total impaired loans, Interest Income Recognized		364
Other loans
Financing Receivable, Impaired [Line Items]
Impaired loans with no related allowance, Recorded Investment	29,456	37,669
Impaired loans with no related allowance, Unpaid Principal Balance		114,636
Impaired loans with no related allowance, Average Recorded Investment		39,598
Impaired loans with no related allowance, Interest Income Recognized	651	2,494
Impaired loans with an allowance recorded, Recorded Investment		1,445
Impaired loans with an allowance recorded, Unpaid Principal Balance		4,173
Impaired loans with an allowance recorded, Related Allowance		116
Impaired loans with an allowance recorded, Average Recorded Investment		4,111
Impaired loans with an allowance recorded, Interest Income Recognized		13
Total impaired loans, Recorded Investment	29,456	39,114
Total impaired loans, Unpaid Principal Balance		118,809
Total impaired loans, Average Recorded Investment		43,709
Total impaired loans, Interest Income Recognized	$ 651	$ 2,507

Borrowed Funds - Summary of Bor

Borrowed Funds - Summary of Borrowed Funds (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Debt Disclosure [Abstract]
FHLB advances	$ 13,552,661	$ 13,102,661
Repurchase agreements	800,000	800,000
Total wholesale borrowings	14,352,661	13,902,661
Junior subordinated debentures	360,058	359,866
Subordinated notes	295,345	295,066
Total borrowed funds	$ 15,008,064	$ 14,557,593

Borrowed Funds - Summary of Rep

Borrowed Funds - Summary of Repurchase Agreements Accounted for Secured Borrowings (Details) $ in Thousands	Jun. 30, 2020USD ($)
Greater than 90 Days | GSE obligations
Debt Outstanding [Line Items]
Remaining Contractual Maturity of the Agreements	$ 800,000

Borrowed Funds - Additional Inf

Borrowed Funds - Additional Information (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Debt Disclosure [Abstract]
Subordinated notes outstanding	$ 295,345	$ 295,066
Junior subordinated debentures	$ 360,058	$ 359,866

Borrowed Funds - Summary of Fix

Borrowed Funds - Summary of Fixed-To-Floating Rate Subordinated Notes Outstanding (Details) - Subordinated Debt $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)
Debt Outstanding [Line Items]
Stated Maturity	Nov. 6, 2028
Interest rate of subordinated note	5.90%	[1]
Principal amount of Subordinated Notes	$ 300,000
[1]	From and including the date of original issuance to, but excluding November 6, 2023, the Notes will bear interest at an initial rate of 5.90% per annum payable semi-annually. Unless redeemed, from and including November 6, 2023 to but excluding the maturity date, the interest rate will reset quarterly to an annual interest rate equal to the then-current three-month LIBOR rate plus 278 basis points payable quarterly.

Borrowed Funds - Summary of F_2

Borrowed Funds - Summary of Fixed-To-Floating Rate Subordinated Notes Outstanding (Parenthetical) (Details) - Subordinated Debt	6 Months Ended
	Jun. 30, 2020
Interest rate of subordinated note	5.90%	[1]
Description of variable rate basis	LIBOR rate plus 278 basis points
Debt instrument spread on variable rate	278.00%
[1]	From and including the date of original issuance to, but excluding November 6, 2023, the Notes will bear interest at an initial rate of 5.90% per annum payable semi-annually. Unless redeemed, from and including November 6, 2023 to but excluding the maturity date, the interest rate will reset quarterly to an annual interest rate equal to the then-current three-month LIBOR rate plus 278 basis points payable quarterly.

Borrowed Funds - Junior Subordi

Borrowed Funds - Junior Subordinated Debentures Outstanding (Details) - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2020	Dec. 31, 2019
Subordinated Borrowing [Line Items]
Junior subordinated debentures		$ 360,058	$ 359,866
Capital Securities Amount Outstanding		$ 347,281
New York Community Capital Trust V (BONUSESSM Units)
Subordinated Borrowing [Line Items]
Interest Rate of Capital Securities and Debentures		6.00%
Junior subordinated debentures		$ 146,132
Capital Securities Amount Outstanding		$ 139,781
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		2.34%
Junior subordinated debentures		$ 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		3.99%
Junior subordinated debentures		$ 30,928
Capital Securities Amount Outstanding		$ 30,000
Date of Original Issue		Jun. 2, 2003
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		3.02%
Junior subordinated debentures		$ 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 - Pension and Post-Retirement Plans (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Pension Benefits
Components of net periodic (credit) expense:
Interest cost	[1]	$ 1,173	$ 1,415	$ 2,346	$ 2,830
Expected return on plan assets	[1]	(3,876)	(3,483)	(7,752)	(6,966)
Amortization of net actuarial loss	[1]	1,831	2,509	3,662	5,018
Net periodic (credit) expense	[1]	(872)	441	(1,744)	882
Post- Retirement Benefits
Components of net periodic (credit) expense:
Interest cost	[1]	82	128	164	256
Amortization of prior-service costs	[1]	(62)	(62)	(124)	(124)
Amortization of net actuarial loss	[1]	6	31	12	62
Net periodic (credit) expense	[1]	$ 26	$ 97	$ 52	$ 194
[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 (Details)	Jun. 30, 2020USD ($)
Post- Retirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Expected contribution to defined benefit plan for the fiscal year	$ 947,000
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 (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant	11,557,874		11,557,874
Shares granted			2,390,345
Shares granted, weighted average grant date fair value			$ 11.64
Unrecognized compensation cost relating to unvested restricted stock	$ 78,100		$ 78,100
Unrecognized compensation cost relating to unvested restricted stock, recognition period (in years)			3 years 2 months 12 days
Four Zero One K Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employer Discretionary Contribution Amount	1,300		$ 3,000
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted			2,390,345	1,940,798
Shares granted, weighted average grant date fair value			$ 11.64	$ 10.42
Compensation and benefits expense	$ 8,100	$ 7,600	$ 16,300	$ 15,500
Restricted Stock | Share-based Payment Arrangement, Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted, vesting period			3 years	3 years
Restricted Stock | Share-based Payment Arrangement, Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted, vesting period			5 years	5 years
Performance-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted	446,181		865,855		0
Compensation and benefits expense	$ 540,000		$ 947,000
Vesting rights, description			The PSUs have a performance period of January 1, 2019 to December 31, 2022 and vest on April 1, 2022, subject to adjustment or forfeiture, based upon the achievement by the Company of certain performance standards.

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Activity for Restricted Stock Awards (Details) - $ / shares	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Number of Shares
Granted	2,390,345
Weighted Average Grant Date Fair Value
Granted	$ 11.64
Restricted Stock
Number of Shares
Unvested at beginning of year	6,516,101
Granted	2,390,345	1,940,798
Vested	(2,097,411)
Canceled	(110,000)
Unvested at end of year	6,699,035
Weighted Average Grant Date Fair Value
Unvested at beginning of year	$ 13.31
Granted	11.64	$ 10.42
Vested	14.09
Canceled	12.62
Unvested at end of year	$ 12.49

Fair Value Measurements - Asset

Fair Value Measurements - Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($)	Jun. 30, 2020		Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	$ 5,201,700,000	[1]	$ 5,885,887,000
Total equity securities	33,518,000		32,830,000
Total securities	5,201,700,000		5,885,887,000
Asset-backed Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	421,393,000	[2]	373,254,000
Mutual Funds and Common Stock
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	18,329,000	[3]	17,416,000
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	5,168,182		5,853,057
Total equity securities	33,518		32,830
Total securities	5,201,700		5,885,887
Fair Value, Measurements, Recurring | Preferred stock
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total equity securities	15,189		15,414
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	18,329		17,416
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	61,981		41,839
Total equity securities	15,189		15,414
Total securities	77,170		57,253
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	15,189		15,414
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	5,106,201		5,811,218
Total equity securities	18,329		17,416
Total securities	5,124,530		5,828,634
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	18,329		17,416
Fair Value, Measurements, Recurring | Mortgage-related Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	3,026,952		3,353,735
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	1,357,515		1,552,623
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	1,669,437		1,801,112
Fair Value, Measurements, Recurring | Mortgage-related Securities | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	3,026,952		3,353,735
Fair Value, Measurements, Recurring | Mortgage-related Securities | Significant Other Observable Inputs (Level 2) | GSE Certificates
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	1,357,515		1,552,623
Fair Value, Measurements, Recurring | Mortgage-related Securities | Significant Other Observable Inputs (Level 2) | GSE CMOs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	1,669,437		1,801,112
Fair Value, Measurements, Recurring | Other Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	2,141,230		2,499,322
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	61,981		41,839
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	678,540		1,094,240
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	421,393		373,254
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	26,910		26,892
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	866,825		867,182
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	85,581		95,915
Fair Value, Measurements, Recurring | Other Securities | 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	61,981		41,839
Fair Value, Measurements, Recurring | Other Securities | Quoted Prices in Active Markets for Identical Assets (Level 1) | U.S. Treasury Obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	61,981		41,839
Fair Value, Measurements, Recurring | Other Securities | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	2,079,249		2,457,483
Fair Value, Measurements, Recurring | Other Securities | Significant Other Observable Inputs (Level 2) | GSE Debentures
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	678,540		1,094,240
Fair Value, Measurements, Recurring | Other Securities | Significant Other Observable Inputs (Level 2) | Asset-backed Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	421,393		373,254
Fair Value, Measurements, Recurring | Other Securities | Significant Other Observable Inputs (Level 2) | Municipal Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	26,910		26,892
Fair Value, Measurements, Recurring | Other Securities | Significant Other Observable Inputs (Level 2) | Corporate Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	866,825		867,182
Fair Value, Measurements, Recurring | Other Securities | Significant Other Observable Inputs (Level 2) | Capital Trust Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	$ 85,581		$ 95,915
[1]	Excludes accrued interest receivable of $16.5 million included in other assets in the Consolidated Statements of Condition.
[2]	The underlying assets of the asset-backed securities are substantially guaranteed by the U.S. Government.
[3]	Primarily consists of mutual funds that are CRA-qualified investments.

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Carrying Values, Estimated Fair Values and Fair Value Measurement Levels of Financial Instruments (Details) - Fair Value, Measurements, Nonrecurring - USD ($) $ in Thousands		Jun. 30, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Certain impaired loans	[1]	$ 35,696	$ 42,767
Other assets	[2]	2,862	1,481
Total		38,558	44,248
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Certain impaired loans	[1]	35,696	42,767
Other assets	[2]	2,862	1,481
Total		$ 38,558	$ 44,248
[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 - Ass_2

Fair Value Measurements - Assets and Liabilities Measured at Fair Value on Non-Recurring Basis (Details) - USD ($) $ in Thousands		Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Financial Assets:
Cash and cash equivalents, Carrying Value		$ 1,404,527	$ 741,870	$ 741,870	$ 1,474,955
Cash and cash equivalents, Estimated Fair Value		1,404,527		741,870
FHLB stock, Carrying Value	[1]	668,698		647,562
FHLB stock, Estimated Fair Value	[1]	668,698		647,562
Loans, net, Carrying Value		42,235,262		41,746,517
Loans, net, Estimated Fair Value		41,894,718		41,699,929
Financial Liabilities:
Deposits, Carrying Value		31,729,581		31,657,132
Deposits, Estimated Fair Value		31,797,595		31,713,945
Borrowed funds, Carrying Value		15,008,064		14,557,593
Borrowed funds, Estimated Fair Value		15,776,408		14,882,776
Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial Assets:
Cash and cash equivalents, Estimated Fair Value		1,404,527		741,870
Financial Liabilities:
Deposits, Estimated Fair Value	[2]	19,687,327		17,442,274
Significant Other Observable Inputs (Level 2)
Financial Assets:
FHLB stock, Estimated Fair Value	[1]	668,698		647,562
Financial Liabilities:
Deposits, Estimated Fair Value	[3]	12,110,268		14,271,671
Borrowed funds, Estimated Fair Value		15,776,408		14,882,776
Significant Unobservable Inputs (Level 3)
Financial Assets:
Loans, net, Estimated Fair Value		$ 41,894,718		$ 41,699,929
[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 (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Residual value of leased asset	$ 69.7		$ 69.7		$ 70.1
Carrying value of investment lease	1,800		1,800		$ 1,400
Amortization of ROU assets	$ 4.5	$ 4.6	$ 8.6	$ 16.3
Operating Lease, extension terms			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
Discontinued Operations
Amortization of ROU assets			$ 11.7
Minimum
Lessor, operating lease, term of contract	24 months		24 months
Operating lease, remaining lease term	1 year		1 year
Maximum
Lessor, operating lease, term of contract	120 months		120 months
Operating lease, remaining lease term	25 years		25 years

Leases - Components of Lease In

Leases - Components of Lease Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Leases [Abstract]
Interest income on lease financing	$ 13,577	$ 9,881	$ 25,526	$ 17,208

Leases - Components of Net Inve

Leases - Components of Net Investment in Direct Financing Leases (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Leases [Abstract]
Net investment in the lease - lease payments receivable	$ 1,742,965	$ 1,302,760
Net investment in the lease - unguaranteed residual assets	73,816	74,064
Total lease payments	$ 1,816,781	$ 1,376,824

Leases - Summary of Remaining M

Leases - Summary of Remaining Maturity of Undiscounted Lease Receivables (Details) $ in Thousands	Jun. 30, 2020USD ($)
Leases [Abstract]
2020	$ 9,424
2021	73,886
2022	261,716
2023	150,221
2024	121,837
Thereafter	1,199,697
Total lease payments	1,816,781
Plus: deferred origination costs	30,529
Less: unearned income	(123,141)
Total lease finance receivables, net	$ 1,724,169

Leases - Summary of Components

Leases - Summary of Components of Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Leases [Abstract]
Operating lease cost	$ 6,800	$ 7,210	$ 13,559	$ 14,558
Sublease income	(12)	(43)	(23)	(65)
Total lease cost	$ 6,788	$ 7,167	$ 13,536	$ 14,493

Leases - Summary of Supplementa

Leases - Summary of Supplemental Cash Flow Information Related to Leases (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Leases [Abstract]
Operating cash flows from operating leases	$ 6,800	$ 7,210	$ 13,559	$ 14,558

Leases - Summary of Supplemen_2

Leases - Summary of Supplemental Balance Sheet Information Related to Leases (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Leases [Abstract]
Operating lease right-of-use assets	$ 278,276	$ 286,194
Operating lease liabilities	$ 278,272	$ 285,991
Weighted average remaining lease term	17 years	17 years
Weighted average discount rate%	3.21%	3.23%

Leases - Summary of Maturities

Leases - Summary of Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Leases [Abstract]
2020	$ 13,447
2021	26,733
2022	25,916
2023	25,497
2024	24,850
Thereafter	254,689
Total lease payments	371,132
Less: imputed interest	(92,860)
Total present value of lease liabilities	$ 278,272	$ 285,991

Derivative and Hedging Activi_3

Derivative and Hedging Activities - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Derivative [Line Items]
Interest income	$ 265,872,000	$ 237,690,000	$ 510,339,000	$ 479,015,000
Derivative Liabilities	0		0
Gain (losses) on interest rate derivatives designated as cash flow hedge			828,000,000
Interest rate cash flow hedge gain (loss) to be reclassified during next 12 months, net	15,900,000		15,900,000
Interest Rate Swap | Cash Flow Hedging
Derivative [Line Items]
Derivative, notional amount	2,250,000,000		2,250,000,000		$ 800,000,000
Designated as Hedging Instrument
Derivative [Line Items]
Derivative, notional amount	2,000,000,000		2,000,000,000		$ 2,000,000,000
Interest income	7,900,000	$ 207,000	11,800,000	$ 446,000
Designated as Hedging Instrument | Interest Rate Swap
Derivative [Line Items]
Derivative, notional amount	2,000,000,000		2,000,000,000
LCH | Designated as Hedging Instrument | Interest Rate Swap
Derivative [Line Items]
Derivative, notional amount	$ 4,300,000,000		$ 4,300,000,000

Derivative and Hedging Activi_4

Derivative and Hedging Activities - Schedule of Cumulative Basis Adjustment for Fair Value Hedges (Details) - Loans and Leases - USD ($) $ in Thousands	Jun. 30, 2020		Dec. 31, 2019
Derivative [Line Items]
Cumulative Amount of Fair Value Hedging Adjustments Included in the Carrying Amount of the Hedged Assets	$ 95,300		$ 53,500
Fair Value Hedging
Derivative [Line Items]
Carrying Amount of the Hedged Assets	2,095,269	[1]	2,053,483	[2]
Cumulative Amount of Fair Value Hedging Adjustments Included in the Carrying Amount of the Hedged Assets	$ 95,269	[1]	$ 53,483	[2]
[1]	These amounts include the amortized cost basis of closed portfolios used to designate hedging relationships in which the hedged item is the last layer expected to be remaining at the end of the hedging relationship. At June 30, 2020, the amortized cost basis of the closed portfolios used in these hedging relationships was $4.1 billion; the cumulative basis adjustments associated with these hedging relationships was $95.3 million; and the amount of the designated hedged items was $2.0 billion.
[2]	These amounts include the amortized cost basis of closed portfolios used to designate hedging relationships in which the hedged item is the last layer expected to be remaining at the end of the hedging relationship. At December 31, 2019, the amortized cost basis of the closed portfolios used in these hedging relationships was $4.5 billion; the cumulative basis adjustments associated with these hedging relationships was $53.5 million; and the amount of the designated hedged items was $2.0 billion.

Derivative and Hedging Activi_5

Derivative and Hedging Activities - Schedule of Cumulative Basis Adjustment for Fair Value Hedges (Parenthetical) (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Designated as Hedging Instrument
Derivative [Line Items]
Amount of designated hedged items	$ 2,000	$ 2,000
Loans and Leases
Derivative [Line Items]
Amortized cost basis	4,100	4,500
Cumulative basis adjustment associated with hedging relationships	$ 95.3	$ 53.5

Derivative and Hedging Activi_6

Derivative and Hedging Activities - Information Regarding Derivative Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Derivative [Line Items]
Derivative Liabilities	$ 0
Designated as Hedging Instrument
Derivative [Line Items]
Amount of designated hedged items	2,000,000	$ 2,000,000
Fair Value Hedging | Designated as Hedging Instrument
Derivative [Line Items]
Amount of designated hedged items	2,000,000	2,000,000
Interest Rate Swap | Designated as Hedging Instrument
Derivative [Line Items]
Amount of designated hedged items	2,000,000
Interest Rate Swap | Fair Value Hedging | Designated as Hedging Instrument
Derivative [Line Items]
Amount of designated hedged items	$ 2,000,000	$ 2,000,000

Derivative and Hedging Activi_7

Derivative and Hedging Activities - Effect of Derivative Instruments on Consolidated Statements of Income and Comprehensive Income (Details) - Interest Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Interest Rate Swap
Derivative [Line Items]
Interest income	$ (8,785)	$ (39,822)	$ (36,915)	$ (58,354)
Hedged Item - Loans
Derivative [Line Items]
Interest income	$ 8,785	$ 39,822	$ 36,915	$ 58,354

Derivative and Hedging Activi_8

Derivative and Hedging Activities - Information about Interest Rate Swaps Designated as Cash Flow Hedges (Details) - Interest Rate Swap - Cash Flow Hedging - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Derivative [Line Items]
Notional amounts	$ 2,250,000	$ 800,000
Cash collateral posted	$ 55,030	$ 1,185
Weighted average pay rates	1.27%	1.62%
Weighted average receive rates	0.56%	1.90%
Weighted average maturity	2 years 4 months 24 days	2 years 6 months

Derivative and Hedging Activi_9

Derivative and Hedging Activities - Effect of Cash Flow Derivative Instruments on AOCL (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Amount of loss recognized in AOCL	$ 57,043
Amount of gain reclassified from AOCL to interest expense	$ 828