SUMMARIZED QUARTERLY RESULTS (UNAUDITED) (Tables)

12 Months Ended

Dec. 31, 2013

Summary of Quarterly Results of Operations

The following is a presentation of summarized quarterly results of operations for the years ended December 31, 2013 and 2012.

	For the Quarters Ended
	December 31, 2013			September 30, 2013			June 30, 2013			March 31, 2013
	(dollars in thousands, expect per share data)
Total interest income	$	771,249		$	697,160		$	712,936		$	737,217
Less: Total interest expense		137,393			145,476			164,255			177,590
Net interest income		633,856			551,684			548,681			559,627
Total other income (loss)		452,944			(299,925	)		1,154,755			368,370
Less: Total general and administrative expenses		56,294			58,744			65,131			51,912
Income before income taxes		1,030,506			193,015			1,638,305			876,085
Less: Income taxes		1,757			557			92			5,807
Net income (loss)		1,028,749			192,458			1,638,213			870,278
Less: Dividends on preferred stock		17,992			17,992			17,992			17,992
Net income (loss) available (related) to common shareholders	$	1,010,757		$	174,466		$	1,620,221		$	852,286
Net income (loss) available (related) per share to common shareholders:
Basic	$	1.07		$	0.18		$	1.71		$	0.90
Diluted	$	1.03		$	0.18		$	1.64		$	0.87
	For the Quarters Ended
	December 31, 2012			September 30, 2012			June 30, 2012			March 31, 2012
	(dollars in thousands, expect per share data)
Total interest income	$	756,661		$	761,265		$	886,324		$	854,895
Less: Total interest expense		185,491			181,893			166,443			133,345
Net interest income		571,170			579,372			719,881			721,550
Total other income (loss)		163,282			(277,689	)		(734,828	)		264,633
Less: Total general and administrative expenses		40,084			63,004			64,556			67,915
Income before income taxes		694,368			238,679			(79,503	)		918,268
Less: Income taxes		(6,127	)		13,921			11,656			16,462
Net income (loss)		700,495			224,758			(91,159	)		901,806
Less: Dividends on preferred stock		19,717			9,367			6,508			3,938
Net income (loss) available (related) to common shareholders	$	680,778		$	215,391		$	(97,667	)	$	897,868
Net income (loss) available (related) per share to common shareholders:
Basic	$	0.70		$	0.22		$	(0.10	)	$	0.92
Diluted	$	0.68		$	0.22		$	(0.10	)	$	0.89