Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity (Tables)

v3.6.0.2
Stockholders' Equity (Tables)
 12 Months Ended
Dec. 31, 2016
Stockholders' Equity Attributable to Parent [Abstract]  
Schedule of Stock by Class [Table Text Block]
The following table presents a reconciliation of the common shares outstanding from December 31, 2013 through December 31, 2016:
 
Number of common shares
Common shares outstanding, December 31, 2013
364,935,168

Issuance of common stock
57,218

Issuance of restricted stock (1)
1,403,534

Common shares outstanding, December 31, 2014
366,395,920

Issuance of common stock
69,826

Issuance of restricted stock (1)
1,105,361

Repurchase of common stock
(13,664,300
)
Common shares outstanding, December 31, 2015
353,906,807

Issuance of common stock
60,602

Issuance of restricted stock (1)
1,704,917

Repurchase of common stock
(8,020,000
)
Common shares outstanding, December 31, 2016
347,652,326

____________________
(1)
Represents shares of restricted stock granted under the Second Restated 2009 Equity Incentive Plan, of which 2,639,424 restricted shares remained subject to vesting requirements at December 31, 2016.
Schedule of Dividends Declared [Table Text Block]
The following table presents cash dividends declared by the Company on its common stock during the years ended December 31, 2016, 2015 and 2014:
Declaration Date
 
Record Date
 
Payment Date
 
Cash Dividend Per Share
December 15, 2016
 
December 30, 2016
 
January 27, 2017
 
$
0.24

September 15, 2016
 
September 30, 2016
 
October 20, 2016
 
$
0.23

June 16, 2016
 
June 30, 2016
 
July 20, 2016
 
$
0.23

March 15, 2016
 
March 31, 2016
 
April 21, 2016
 
$
0.23

December 16, 2015
 
December 30, 2015
 
January 20, 2016
 
$
0.26

September 16, 2015
 
September 30, 2015
 
October 22, 2015
 
$
0.26

June 17, 2015
 
June 30, 2015
 
July 21, 2015
 
$
0.26

March 18, 2015
 
March 31, 2015
 
April 21, 2015
 
$
0.26

December 16, 2014
 
December 30, 2014
 
January 20, 2015
 
$
0.26

September 16, 2014
 
September 30, 2014
 
October 21, 2014
 
$
0.26

June 17, 2014
 
July 2, 2014
 
July 22, 2014
 
$
0.26

March 17, 2014
 
March 31, 2014
 
April 21, 2014
 
$
0.26

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]
Accumulated other comprehensive income at December 31, 2016 and December 31, 2015 was as follows:
(in thousands)
December 31,
2016
 
December 31,
2015
Available-for-sale securities
 
 
 
Unrealized gains
$
393,555

 
$
405,177

Unrealized losses
(194,328
)
 
(46,116
)
Accumulated other comprehensive income
$
199,227

 
$
359,061

Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]
The following table summarizes reclassifications out of accumulated other comprehensive income for the years ended December 31, 2016, 2015 and 2014:
 
 
Affected Line Item in the Condensed Consolidated Statements of Comprehensive Income (Loss)
 
Amount Reclassified out of Accumulated Other Comprehensive Income
(in thousands)
 
 
 
Year Ended
December 31,
 
 
 
 
2016
 
2015
 
2014
Other-than-temporary impairments on AFS securities
 
Total other-than-temporary impairment losses
 
$
1,822

 
$
535

 
$
392

Realized gains on sales of certain AFS securities, net of tax
 
(Loss) gain on investment securities
 
(102,852
)
 
(336,230
)
 
(52,931
)
Total
 
 
 
$
(101,030
)
 
$
(335,695
)
 
$
(52,539
)