Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity (Tables)

v2.4.0.8
Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2013
Stockholders' Equity Attributable to Parent [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, 2010 through December 31, 2013:
 
Number of common shares
Common shares outstanding, December 31, 2010
40,501,212

Issuance of common stock
100,075,746

Issuance of restricted stock (1)
19,750

Common shares outstanding, December 31, 2011
140,596,708

Issuance of common stock
158,184,529

Issuance of restricted stock (1)
32,021

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

____________________
(1)
Represents shares of restricted stock granted under the restated 2009 equity incentive plan, of which 1,024,459 restricted shares remained subject to vesting requirements at December 31, 2013.
Schedule of 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, 2013, 2012 and 2011:
Declaration Date
 
Record Date
 
Payment Date
 
Cash Dividend Per Share
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

December 17, 2012
 
December 31, 2012
 
January 18, 2013
 
$
0.55

September 12, 2012
 
September 24, 2012
 
October 22, 2012
 
$
0.36

June 12, 2012
 
June 22, 2012
 
July 20, 2012
 
$
0.40

March 14, 2012
 
March 26, 2012
 
April 20, 2012
 
$
0.40

December 14, 2011
 
December 27, 2011
 
January 20, 2012
 
$
0.40

September 14, 2011
 
September 26, 2011
 
October 20, 2011
 
$
0.40

June 14, 2011
 
June 24, 2011
 
July 20, 2011
 
$
0.40

March 2, 2011
 
March 14, 2011
 
April 14, 2011
 
$
0.40

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]
Accumulated other comprehensive income at December 31, 2013 and December 31, 2012 was as follows:
(in thousands)
December 31,
2013
 
December 31,
2012
Available-for-sale securities, at fair value
 
 
 
Unrealized gains
$
697,779

 
$
724,696

Unrealized losses
(253,044
)
 
(28,238
)
Accumulated other comprehensive income
$
444,735

 
$
696,458

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, 2013, 2012 and 2011:
(in thousands)
 
Affected Line Item in the Consolidated Statements of Comprehensive Income
 
Amount Reclassified out of Accumulated Other Comprehensive Income
 
 
 
 
Year Ended December 31,
 
 
 
 
2013
 
2012
 
2011
Other-than-temporary-impairments on AFS securities
 
Total other-than-temporary impairment losses
 
$
1,662

 
$
10,952

 
$
5,102

Realized losses (gains) on sales of AFS securities
 
(Loss) gain on investment securities
 
44,780

 
(123,534
)
 
(3,516
)
 
 
 
 
$
46,442

 
$
(112,582
)
 
$
1,586