TWO Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2018

The following table presents cash dividends declared by the Company on its preferred stock since their issuances:



Declaration Date	Record Date	Payment Date	Cash Dividend Per Preferred Share
Series A Preferred Stock:
March 20, 2018	April 12, 2018	April 27, 2018	$	0.50781
December 14, 2017	January 12, 2018	January 29, 2018	$	0.50781
September 14, 2017	October 12, 2017	October 27, 2017	$	0.50781
June 15, 2017	July 12, 2017	July 27, 2017	$	0.75043
Series B Preferred Stock:
March 20, 2018	April 12, 2018	April 27, 2018	$	0.47656
December 14, 2017	January 12, 2018	January 29, 2018	$	0.47656
September 14, 2017	October 12, 2017	October 27, 2017	$	0.51892
Series C Preferred Stock:
March 20, 2018	April 12, 2018	April 27, 2018	$	0.45313
December 14, 2017	January 12, 2018	January 29, 2018	$	0.30208

Schedule of Stock by Class

The following table presents a reconciliation of the common shares outstanding for the three months ended March 31, 2018 and 2017:



	Number of common shares
Common shares outstanding, December 31, 2016	173,826,163
Issuance of common stock	5,633
Issuance of restricted stock ⁽¹⁾	624,711
Common shares outstanding, March 31, 2017	174,456,507

Common shares outstanding, December 31, 2017	174,496,587
Issuance of common stock	4,921
Issuance of restricted stock ⁽¹⁾	933,270
Common shares outstanding, March 31, 2018	175,434,778

____________________


(1)	Represents shares of restricted stock granted under the Second Restated 2009 Equity Incentive Plan, net of forfeitures, of which 1,739,397 restricted shares remained subject to vesting requirements at March 31, 2018.

Dividends Declared

The following table presents cash dividends declared by the Company on its common stock from December 31, 2016 through March 31, 2018:



Declaration Date	Record Date	Payment Date	Cash Dividend Per Common Share
March 20, 2018	April 2, 2018	April 27, 2018	$	0.47
December 14, 2017	December 26, 2017	December 29, 2017	$	0.47
September 14, 2017	September 29, 2017	October 27, 2017	$	0.52
June 15, 2017	June 30, 2017	July 27, 2017	$	0.52
March 14, 2017	March 31, 2017	April 27, 2017	$	0.50

Schedule of Accumulated Other Comprehensive Income (Loss)

Accumulated other comprehensive (loss) income at March 31, 2018 and December 31, 2017 was as follows:



(in thousands)	March 31, 2018			December 31, 2017
Available-for-sale securities
Unrealized gains	$	475,023		$	475,694
Unrealized losses	(475,069		)	(140,881		)
Accumulated other comprehensive (loss) income	$	(46	)	$	334,813

Reclassification out of Accumulated Other Comprehensive Income

The following table summarizes reclassifications out of accumulated other comprehensive income for the three months ended March 31, 2018 and 2017:



	Affected Line Item in the Condensed Consolidated Statements of Comprehensive (Loss) Income	Amount Reclassified out of Accumulated Other Comprehensive (Loss) Income
		Three Months Ended
(in thousands)		March 31,
		2018			2017
Other-than-temporary impairments on AFS securities	Total other-than-temporary impairment losses	$	94		$	—
Realized (gains) losses on sales of certain AFS securities, net of tax	Loss on investment securities	(1,329		)	9,313
Total		$	(1,235	)	$	9,313

- Definition

Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.

+ References

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+ Details