| (Amounts
in Thousands Except Per Share Data) |
Year
Ended
December 31, |
Six
Months
Ended
December 31,(1) |
Year
Ended
June 30, |
|
 |
|
|
|
2001 |
2000 |
2000 |
|
| Interest income |
$
871,374 |
$
498,732 |
$
927,690 |
| Net interest
income after provision for loan losses |
268,484 |
126,581 |
328,381 |
| Other income
(loss)(2) |
120,387 |
(40,106) |
101,839 |
| General and
administrative expenses |
248,036 |
122,625 |
247,990 |
Exit costs
and termination benefits (gains), net
|
(15,566) |
25,764 |
3,941 |
| Amortization
of intangible assets |
15,345 |
8,153 |
17,236 |
| Income tax
provision (benefit) |
43,374 |
(19,691) |
55,269 |
Income (loss)
before cumulative effect of change in accounting
principle |
97,682 |
(50,376) |
105,784 |
Cumulative
effect of change in accounting
principle, net |
- |
(19,125) |
(1,776) |
| Net income
(loss) |
97,682 |
(69,501) |
104,008 |
|
Earnings (loss)
per common share:
Income (loss) before cumulative effect
of change in accounting principle |
1.93 |
(.92) |
1.82 |
| Cumulative
effect of change in accounting principle, net |
- |
(.35) |
(.03) |
| Net
income (loss) |
1.93 |
(1.27) |
1.79 |
| Dividends
declared per common share |
.310 |
.140 |
.275 |
|
| Return on
average assets(3) |
.76% |
(1.01)% |
.77% |
| Return on
average equity(3) |
12.23% |
(15.30)% |
10.85% |
| Return on
average tangible equity |
16.30% |
(20.15)% |
14.52% |
| Average stockholders'
equity to average total assets |
6.21% |
6.62% |
7.10% |
| General and
administrative expenses to average assets(4) |
1.93% |
1.79% |
1.84% |
|
Total assets |
$12,901,585 |
$12,540,304 |
$13,793,038 |
| Investment
and mortgage-backed securities |
2,980,073 |
2,285,647 |
2,213,305 |
| Loans receivable,
net |
8,403,425 |
8,893,374 |
10,407,692 |
| Deposits |
6,396,522 |
7,694,486 |
7,330,500 |
| Borrowed funds |
5,459,269 |
3,740,808 |
5,255,608 |
| Stockholders'
equity |
734,654 |
863,739 |
987,978 |
|
| Book value
per common share |
15.98 |
16.23 |
17.67 |
| Tangible book
value per common share |
11.82 |
12.33 |
13.54 |
| Stock market
price |
23.50 |
19.44 |
15.56 |
| Nonperforming
assets to total assets |
1.10% |
1.01% |
.73% |
| Net yield
on interest-earning assets at end of period |
2.96% |
2.46% |
2.50% |
|
Regulatory capital ratios of the Bank:
Tangible capital |
5.58% |
6.51% |
6.55% |
| Core
capital (Tier 1 capital) |
5.60% |
6.55% |
6.59% |
Risk-based
capital
Tier 1 capital |
9.50% |
10.84% |
11.74% |
| Total
capital |
11.38% |
11.84% |
12.59% |
|
(1) In 2000, the Company changed its year-end
to December 31 from June 30.
(2) Includes $86.4 million in losses for the
six months ended December 31, 2000, on the sales of securities and securitized
residential loans and the termination of interest rate swap agreements.
(3) Return on average assets and return on
average stockholders’ equity for the calendar year ended December 31,
2001, are .68% and 10.96%, respectively, excluding the after-tax effect
of nonrecurring income and charges totaling $10.1 million. Return on
average assets and return on average stockholders’ equity for the six
months ended December 31, 2000, are .39% and 5.88%, respectively, excluding
the after-tax effect of nonrecurring income and charges totaling $96.2
million. Return on average assets and return on average stockholders’
equity for fiscal year 2000 are .76% and 10.77%, respectively, excluding
the after-tax effect of nonrecurring income and charges totaling $756,000.
(4) Excludes exit costs and termination benefits
totaling $15.6 million, $25.8 million and $3.9 million, respectively,
for the year ended December 31, 2001, for the six months ended December
31, 2000, and for fiscal year ended June 30, 2000.
|
