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Investment Securities (Tables)
 6 Months Ended
Jun. 30, 2015
Investments, Debt and Equity Securities [Abstract]  
Schedule of Available-for-sale Securities Reconciliation
Investment securities available for sale consisted of the following at the dates indicated (in thousands):
 
June 30, 2015
 
Amortized Cost
 
Gross Unrealized
 
Fair Value
 
 
Gains
 
Losses
 
U.S. Treasury securities
$
54,940

 
$
308

 
$
—

 
$
55,248

U.S. Government agency and sponsored enterprise residential mortgage-backed securities
1,353,079

 
31,391

 
(2,461
)
 
1,382,009

U.S. Government agency and sponsored enterprise commercial mortgage-backed securities
100,639

 
708

 
(1
)
 
101,346

Resecuritized real estate mortgage investment conduits (“Re-Remics”)
135,525

 
2,623

 
—

 
138,148

Private label residential mortgage-backed securities and collateralized mortgage obligations ("CMOs")
679,743

 
50,744

 
(2,963
)
 
727,524

Private label commercial mortgage-backed securities
986,538

 
11,850

 
(1,272
)
 
997,116

Single family rental real estate-backed securities
555,445

 
261

 
(3,802
)
 
551,904

Collateralized loan obligations
309,602

 
1,104

 
(100
)
 
310,606

Non-mortgage asset-backed securities
81,513

 
3,448

 
—

 
84,961

Preferred stocks
75,895

 
8,587

 
—

 
84,482

State and municipal obligations
96,868

 
262

 
(435
)
 
96,695

Small Business Administration ("SBA") securities
251,700

 
7,726

 
(66
)
 
259,360

Other debt securities
3,783

 
4,518

 
—

 
8,301

 
$
4,685,270

 
$
123,530

 
$
(11,100
)
 
$
4,797,700

 
December 31, 2014
 
Amortized Cost
 
Gross Unrealized
 
Fair Value
 
 
Gains
 
Losses
 
U.S. Treasury securities
$
54,924

 
$
43

 
$
—

 
$
54,967

U.S. Government agency and sponsored enterprise residential mortgage-backed securities
1,501,504

 
29,613

 
(6,401
)
 
1,524,716

U.S. Government agency and sponsored enterprise commercial mortgage-backed securities
101,089

 
769

 
—

 
101,858

Re-Remics
179,664

 
3,613

 
(5
)
 
183,272

Private label residential mortgage-backed securities and CMOs
350,300

 
54,222

 
(543
)
 
403,979

Private label commercial mortgage-backed securities
1,156,166

 
10,254

 
(4,935
)
 
1,161,485

Single family rental real estate-backed securities
446,079

 
468

 
(3,530
)
 
443,017

Collateralized loan obligations
174,767

 
—

 
(435
)
 
174,332

Non-mortgage asset-backed securities
96,250

 
3,824

 
(6
)
 
100,068

Preferred stocks
96,294

 
9,148

 
—

 
105,442

State and municipal obligations
15,317

 
385

 
—

 
15,702

SBA securities
298,424

 
10,540

 
(236
)
 
308,728

Other debt securities
3,712

 
4,416

 
—

 
8,128

 
$
4,474,490

 
$
127,295

 
$
(16,091
)
 
$
4,585,694
Investments Classified by Contractual Maturity Date
At June 30, 2015, contractual maturities of investment securities available for sale, adjusted for anticipated prepayments of mortgage-backed and other pass-through securities, were as follows (in thousands): 
 
Amortized Cost
 
Fair Value
Due in one year or less
$
497,286

 
$
511,266

Due after one year through five years
2,583,970

 
2,630,865

Due after five years through ten years
1,176,355

 
1,202,951

Due after ten years
351,764

 
368,136

Preferred stocks with no stated maturity
75,895

 
84,482

 
$
4,685,270

 
$
4,797,700
Schedule of Realized Gain (Loss)
The following table provides information about gains and losses on investment securities available for sale for the periods indicated (in thousands): 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2015
 
2014
 
2015
 
2014
Proceeds from sale of investment securities available for sale
$
139,997


$
—

 
$
474,914

 
$
119,824

 
 
 
 
 
 
 
 
Gross realized gains
$
1,128

 
$
—

 
$
3,625

 
$
1,280

Gross realized losses
—

 
—

 
(475
)
 
(919
)
Gain on investment securities available for sale, net
$
1,128

 
$
—

 
$
3,150

 
$
361
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value
The following tables present the aggregate fair value and the aggregate amount by which amortized cost exceeded fair value for investment securities in unrealized loss positions, aggregated by investment category and length of time that individual securities had been in continuous unrealized loss positions at the dates indicated (in thousands): 
 
June 30, 2015
 
Less than 12 Months
 
12 Months or Greater
 
Total
 
Fair Value
 
Unrealized Losses
 
Fair Value
 
Unrealized Losses
 
Fair Value
 
Unrealized Losses
U.S. Government agency and sponsored enterprise residential mortgage-backed securities
$
10,087

 
$
(58
)
 
$
261,622

 
$
(2,403
)
 
$
271,709

 
$
(2,461
)
U.S. Government agency and sponsored enterprise commercial mortgage-backed securities
241

 
(1
)
 
—

 
—

 
241

 
(1
)
Private label residential mortgage-backed securities and CMOs
240,416

 
(2,434
)
 
12,131

 
(529
)
 
252,547

 
(2,963
)
Private label commercial mortgage-backed securities
257,350

 
(929
)
 
62,825

 
(343
)
 
320,175

 
(1,272
)
Single family rental real estate-backed securities
470,999

 
(3,802
)
 
—

 
—

 
470,999

 
(3,802
)
Collateralized loan obligations
49,900

 
(100
)
 
—

 
—

 
49,900

 
(100
)
State and municipal obligations
67,720

 
(435
)
 
—

 
—

 
67,720

 
(435
)
SBA securities
26,686

 
(66
)
 
—

 
—

 
26,686

 
(66
)
 
$
1,123,399

 
$
(7,825
)
 
$
336,578

 
$
(3,275
)
 
$
1,459,977

 
$
(11,100
)
 
December 31, 2014
 
Less than 12 Months
 
12 Months or Greater
 
Total
 
Fair Value
 
Unrealized Losses
 
Fair Value
 
Unrealized Losses
 
Fair Value
 
Unrealized Losses
U.S. Government agency and sponsored enterprise residential mortgage-backed securities
$
7,058

 
$
(34
)
 
$
300,057

 
$
(6,367
)
 
$
307,115

 
$
(6,401
)
Re-Remics
—

 
—

 
335

 
(5
)
 
335

 
(5
)
Private label residential mortgage-backed securities and CMOs
60,076

 
(189
)
 
14,653

 
(354
)
 
74,729

 
(543
)
Private label commercial mortgage-backed securities
103,900

 
(1,150
)
 
239,456

 
(3,785
)
 
343,356

 
(4,935
)
Single family rental real estate-backed securities
233,012

 
(3,530
)
 
—

 
—

 
233,012

 
(3,530
)
Collateralized loan obligations
49,565

 
(435
)
 
—

 
—

 
49,565

 
(435
)
Non-mortgage asset-backed securities
2,796

 
(6
)
 
—

 
—

 
2,796

 
(6
)
SBA securities
49,851

 
(236
)
 
—

 
—

 
49,851

 
(236
)
 
$
506,258

 
$
(5,580
)
 
$
554,501

 
$
(10,511
)
 
$
1,060,759

 
$
(16,091
)