Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity (Tables)

v3.3.1.900
Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2015
Stockholders' Equity Note [Abstract]  
Schedule of Common Stock Outstanding Roll Forward [Table Text Block]
The following table presents a reconciliation of the common shares outstanding from December 31, 2012 through December 31, 2015:
 
Number of common shares
Common shares outstanding, December 31, 2012
298,813,258

Issuance of common stock
67,511,609

Issuance of restricted stock (1)
1,061,001

Repurchase of common stock
(2,450,700
)
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

____________________
(1)
Represents shares of restricted stock granted under the Second Restated 2009 Equity Incentive Plan, of which 2,290,609 restricted shares remained subject to vesting requirements at December 31, 2015.
Dividends Declared [Table Text Block]
The following table presents cash dividends declared by the Company on its common stock for the years ended December 31, 2015, 2014 and 2013:
Declaration Date
 
Record Date
 
Payment Date
 
Cash Dividend Per Share
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

December 17, 2013
 
December 27, 2013
 
December 31, 2013
 
$
0.26

September 11, 2013
 
September 26, 2013
 
October 23, 2013
 
$
0.28

June 18, 2013
 
June 28, 2013
 
July 23, 2013
 
$
0.31

March 18, 2013
 
April 2, 2013
 
April 24, 2013
 
$
0.32

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]
Accumulated other comprehensive income at December 31, 2015 and December 31, 2014 was as follows:
(in thousands)
December 31,
2015
 
December 31,
2014
Available-for-sale securities, at fair value
 
 
 
Unrealized gains
$
405,177

 
$
891,820

Unrealized losses
(46,116
)
 
(36,031
)
Accumulated other comprehensive income
$
359,061

 
$
855,789

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, 2015, 2014 and 2013:
 
 
Affected Line Item in the Consolidated Statements of Comprehensive (Loss) Income
 
Amount Reclassified out of Accumulated Other Comprehensive Income
 
 
 
 
Year Ended
(in thousands)
 
 
 
December 31,
 
 
 
 
2015
 
2014
 
2013
Other-than-temporary-impairments on AFS securities
 
Total other-than-temporary impairment losses
 
$
535

 
$
392

 
$
1,662

Realized (gains) losses on sales of certain AFS securities, net of tax
 
Gain (loss) on investment securities
 
(336,230
)
 
(52,931
)
 
44,780

Total
 
 
 
$
(335,695
)
 
$
(52,539
)
 
$
46,442