falseP6YP3YP3Y2019FY0000910073--12-31NEW YORK COMMUNITY BANCORP INCAmounts in parentheses indicate expense items.See Note 14, “Employee Benefits,” for additional information.The underlying assets of the asset-backed securities are substantially guaranteed by the U.S. Government.The amortized cost includes the non-credit portion of OTTI recorded in AOCL. At December 31, 2019, the non-credit portion of OTTI recorded in AOCL was $0.0 million before taxes.Primarily consists of mutual funds that are CRA-qualified investments.Not presented on a tax-equivalent basis.Includes corporate bonds, capital trust notes, and asset-backed securities.Includes specialty finance loans and leases of $0.0 billion and $1.9 billion, respectively, at December 30, 2019 and 2018. Other C&I loans of $000.0 million and $469.9 million, respectively, at December 30, 2019 and 2018.Includes $00.0 million and $20.4 million of taxi medallion-related loans at December 31, 2019 and 2018, respectively.These amounts include the amortized cost basis of closed portfolios used to designated hedging relationships in which the hedged item is the last layer expected to be remaining at the end of the hedging relationship. At December 31, 2019, the amortized cost basis of the closed portfolios used in these hedging relationships was $0.0 billion; the cumulative basis adjustments associated with these hedging relationships was $00.0 million; and the amount of the designated hedged items was $0.0 billion.Carrying value and estimated fair value are at cost. Interest-bearing checking and money market accounts, savings accounts, and non-interest-bearing accounts. Certificates of deposit. This category contains large-cap stocks with above-average yield. The portfolio typically holds between 60 and 70 stocks.This category seeks long-term capital appreciation by investing primarily in large growth companies based in the U.S.This fund tracks the performance of the S&P 500 Index by purchasing the securities represented in the Index in approximately the same weightings as the Index.This category employs an indexing investment approach designed to track the performance of the CRSP US Mid-Cap Value Index.This category employs an indexing investment approach designed to track the performance of the CRSP US Mid-Cap Growth Index.This category seeks to track the performance of the S&P Midcap 400 Index.This category consists of a selection of investments based on the Russell 2000 Value Index.This category consists of a mutual fund invested in small cap growth companies along with a fund invested in a selection of investments based on the Russell 2000 Growth Index.This category consists of a mutual fund investing in readily marketable securities of U.S. companies with market capitalizations within the smallest 10% of the market universe, or smaller than the 1000th largest US company.This category has investments in medium to large non-US companies, including high quality, durable growth companies and companies based in countries with stable economic and political systems. A portion of this category consists of an index fund designed to track the MSC ACWI ex-US Net Dividend Return Index.This category currently includes equal investments in three mutual funds, two of which usually hold at least 80% of fund assets in investment grade fixed income securities, seeking to outperform the Barclays US Aggregate Bond Index while maintaining a similar duration to that index. The third fund targets investments of 50% or more in mortgage-backed securities guaranteed by the US government and its agencies.This category consists of a mutual fund which invest in a diversified portfolio of high-quality bonds and other fixed income securities, including U.S. Government obligations, mortgage-related and asset backed securities, corporate and municipal bonds, CMOs, and other securities mostly rated A or better.Includes cash equivalent investments in equity and fixed income strategies.Included in “Non-interest income.”Represents the fair value of impaired loans, based on the value of the collateral. Represents the fair value of repossessed assets, based on the appraised value of the collateral subsequent to its initial classification as repossessed assets. Callable subject to certain conditions as described in the prospectus filed with the SEC on November 4, 2002.Callable from this date forward.From and including the date of original issuance to, but excluding November 6, 2023, the Notes will bear interest at an initial rate of 5.90% per annum payable semi-annually. Unless redeemed, from and including November 6, 2023 to but excluding the maturity date, the interest rate will reset quarterly to an annual interest rate equal to the then-current three-month LIBOR rate plus 278 basis point payable quarterly. 0000910073 2019-01-01 2019-12-31 0000910073 2018-01-01 2018-12-31 0000910073 2017-01-01 2017-12-31 0000910073 2019-12-31 0000910073 2018-12-31 0000910073 2017-12-31 0000910073 2019-06-30 0000910073 2020-02-19 0000910073 2016-12-31 0000910073 nycb:CompanyMember 2019-12-31 0000910073 us-gaap:USTreasurySecuritiesMember us-gaap:DebtSecuritiesMember 2019-12-31 0000910073 us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember us-gaap:DebtSecuritiesMember 2019-12-31 0000910073 us-gaap:CollateralizedMortgageObligationsMember us-gaap:DebtSecuritiesMember 2019-12-31 0000910073 us-gaap:AssetBackedSecuritiesMember us-gaap:DebtSecuritiesMember 2019-12-31 0000910073 us-gaap:DebtSecuritiesMember us-gaap:CorporateBondSecuritiesMember 2019-12-31 0000910073 us-gaap:DebtSecuritiesMember 2019-12-31 0000910073 us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember us-gaap:DebtSecuritiesMember 2019-12-31 0000910073 srt:MultifamilyMember 2019-12-31 0000910073 us-gaap:CommercialRealEstateMember 2019-12-31 0000910073 nycb:OneToFourFamilyMortgageLoansMember 2019-12-31 0000910073 nycb:AcquisitionDevelopmentAndConstructionMortgageLoansMember 2019-12-31 0000910073 us-gaap:MortgageReceivablesMember 2019-12-31 0000910073 us-gaap:CommercialAndIndustrialSectorMember nycb:OtherLoansMember 2019-12-31 0000910073 us-gaap:FinanceLeasesPortfolioSegmentMember 2019-12-31 0000910073 us-gaap:CommercialAndIndustrialSectorMember 2019-12-31 0000910073 nycb:OtherLoansMember 2019-12-31 0000910073 us-gaap:MortgageReceivablesMember us-gaap:LoansReceivableMember 2019-12-31 0000910073 nycb:OtherLoansMember us-gaap:LoansReceivableMember 2019-12-31 0000910073 us-gaap:LoansReceivableMember 2019-12-31 0000910073 us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2019-12-31 0000910073 us-gaap:DomesticCountryMember 2019-12-31 0000910073 us-gaap:ConsumerPortfolioSegmentMember 2019-12-31 0000910073 nycb:CommercialIndustrialAndOtherLoansMember nycb:OtherLoansMember 2019-12-31 0000910073 nycb:FinancingReceivableThirtyToEightyNineDaysPastDueMember srt:MultifamilyMember 2019-12-31 0000910073 srt:MultifamilyMember nycb:NonCoveredLoansMember 2019-12-31 0000910073 nycb:OneToFourFamilyMortgageLoansMember nycb:NonCoveredLoansMember 2019-12-31 0000910073 nycb:NonCoveredLoansMember nycb:FinancingReceivableThirtyToEightyNineDaysPastDueMember us-gaap:CommercialRealEstateMember 2019-12-31 0000910073 us-gaap:CommercialRealEstateMember nycb:NonCoveredLoansMember 2019-12-31 0000910073 us-gaap:CommercialAndIndustrialSectorMember nycb:NonCoveredLoansMember 2019-12-31 0000910073 us-gaap:ConsumerPortfolioSegmentMember nycb:FinancingReceivableThirtyToEightyNineDaysPastDueMember nycb:NonCoveredLoansMember 2019-12-31 0000910073 us-gaap:ConsumerPortfolioSegmentMember nycb:NonCoveredLoansMember 2019-12-31 0000910073 nycb:FinancingReceivableThirtyToEightyNineDaysPastDueMember nycb:NonCoveredLoansMember 2019-12-31 0000910073 nycb:NonCoveredLoansMember 2019-12-31 0000910073 us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2019-12-31 0000910073 srt:MultifamilyMember us-gaap:PassMember 2019-12-31 0000910073 us-gaap:CommercialRealEstateMember us-gaap:PassMember 2019-12-31 0000910073 us-gaap:PassMember nycb:OneToFourFamilyMortgageLoansMember 2019-12-31 0000910073 nycb:AcquisitionDevelopmentAndConstructionMortgageLoansMember us-gaap:PassMember 2019-12-31 0000910073 us-gaap:MortgageReceivablesMember us-gaap:PassMember 2019-12-31 0000910073 us-gaap:PassMember us-gaap:CommercialAndIndustrialSectorMember 2019-12-31 0000910073 us-gaap:PassMember us-gaap:ConsumerPortfolioSegmentMember 2019-12-31 0000910073 nycb:CommercialIndustrialAndOtherLoansMember us-gaap:PassMember 2019-12-31 0000910073 srt:MultifamilyMember us-gaap:SpecialMentionMember 2019-12-31 0000910073 us-gaap:CommercialRealEstateMember us-gaap:SpecialMentionMember 2019-12-31 0000910073 us-gaap:SpecialMentionMember nycb:OneToFourFamilyMortgageLoansMember 2019-12-31 0000910073 nycb:AcquisitionDevelopmentAndConstructionMortgageLoansMember us-gaap:SpecialMentionMember 2019-12-31 0000910073 us-gaap:MortgageReceivablesMember us-gaap:SpecialMentionMember 2019-12-31 0000910073 us-gaap:SpecialMentionMember us-gaap:CommercialAndIndustrialSectorMember 2019-12-31 0000910073 nycb:CommercialIndustrialAndOtherLoansMember us-gaap:SpecialMentionMember 2019-12-31 0000910073 srt:MultifamilyMember us-gaap:SubstandardMember 2019-12-31 0000910073 us-gaap:CommercialRealEstateMember us-gaap:SubstandardMember 2019-12-31 0000910073 us-gaap:SubstandardMember nycb:OneToFourFamilyMortgageLoansMember 2019-12-31 0000910073 nycb:AcquisitionDevelopmentAndConstructionMortgageLoansMember us-gaap:SubstandardMember 2019-12-31 0000910073 us-gaap:MortgageReceivablesMember us-gaap:SubstandardMember 2019-12-31 0000910073 us-gaap:SubstandardMember us-gaap:CommercialAndIndustrialSectorMember 2019-12-31 0000910073 us-gaap:SubstandardMember us-gaap:ConsumerPortfolioSegmentMember 2019-12-31 0000910073 nycb:CommercialIndustrialAndOtherLoansMember us-gaap:SubstandardMember 2019-12-31 0000910073 nycb:CommercialIndustrialAndOtherLoansMember 2019-12-31 0000910073 nycb:NonCoveredLoansMember nycb:NonAccrualLoansMember srt:MultifamilyMember 2019-12-31 0000910073 nycb:NonCoveredLoansMember nycb:NonAccrualLoansMember nycb:OneToFourFamilyMortgageLoansMember 2019-12-31 0000910073 nycb:NonCoveredLoansMember nycb:AccrualLoansMember nycb:AcquisitionDevelopmentAndConstructionMortgageLoansMember 2019-12-31 0000910073 nycb:NonCoveredLoansMember nycb:AcquisitionDevelopmentAndConstructionMortgageLoansMember 2019-12-31 0000910073 nycb:AccrualLoansMember nycb:NonCoveredLoansMember us-gaap:CommercialAndIndustrialSectorMember 2019-12-31 0000910073 nycb:NonAccrualLoansMember nycb:NonCoveredLoansMember us-gaap:CommercialAndIndustrialSectorMember 2019-12-31 0000910073 nycb:NonCoveredLoansMember nycb:AccrualLoansMember 2019-12-31 0000910073 nycb:NonCoveredLoansMember nycb:NonAccrualLoansMember 2019-12-31 0000910073 nycb:NonCoveredLoansMember srt:MultifamilyMember nycb:AccrualLoansMember 2019-12-31 0000910073 nycb:NonCoveredLoansMember us-gaap:CommercialRealEstateMember nycb:AccrualLoansMember 2019-12-31 0000910073 nycb:NonCoveredLoansMember us-gaap:CommercialRealEstateMember nycb:NonAccrualLoansMember 2019-12-31 0000910073 nycb:NonCoveredLoansMember nycb:AccrualLoansMember nycb:OneToFourFamilyMortgageLoansMember 2019-12-31 0000910073 nycb:NonCoveredLoansMember nycb:NonAccrualLoansMember nycb:AcquisitionDevelopmentAndConstructionMortgageLoansMember 2019-12-31 0000910073 us-gaap:FinancialStandbyLetterOfCreditMember 2019-12-31 0000910073 nycb:CommercialLettersOfCreditMember 2019-12-31 0000910073 us-gaap:PerformanceGuaranteeMember 2019-12-31 0000910073 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2019-12-31 0000910073 us-gaap:PensionPlansDefinedBenefitMember 2019-12-31 0000910073 nycb:LargeCapValueMember us-gaap:EquityFundsMember 2019-12-31 0000910073 nycb:LargeCapValueMember us-gaap:EquityFundsMember us-gaap:FairValueInputsLevel2Member 2019-12-31 0000910073 nycb:LargeCapGrowthMember us-gaap:EquityFundsMember 2019-12-31 0000910073 nycb:LargeCapGrowthMember us-gaap:EquityFundsMember us-gaap:FairValueInputsLevel2Member 2019-12-31 0000910073 nycb:LargeCapCoreMember us-gaap:EquityFundsMember 2019-12-31 0000910073 nycb:LargeCapCoreMember us-gaap:EquityFundsMember us-gaap:FairValueInputsLevel2Member 2019-12-31 0000910073 nycb:UnitedStatesMidCapValueMember us-gaap:EquityFundsMember 2019-12-31 0000910073 nycb:UnitedStatesMidCapValueMember us-gaap:EquityFundsMember us-gaap:FairValueInputsLevel2Member 2019-12-31 0000910073 nycb:MidCapGrowthMember us-gaap:EquityFundsMember 2019-12-31 0000910073 nycb:MidCapGrowthMember us-gaap:EquityFundsMember us-gaap:FairValueInputsLevel2Member 2019-12-31 0000910073 nycb:MidCapCoreMember us-gaap:EquityFundsMember 2019-12-31 0000910073 nycb:MidCapCoreMember us-gaap:EquityFundsMember us-gaap:FairValueInputsLevel2Member 2019-12-31 0000910073 nycb:UnitedStatesSmallCapValueMember us-gaap:EquityFundsMember 2019-12-31 0000910073 nycb:UnitedStatesSmallCapValueMember us-gaap:EquityFundsMember us-gaap:FairValueInputsLevel2Member 2019-12-31 0000910073 nycb:SmallCapValueGrowthMember us-gaap:EquityFundsMember 2019-12-31 0000910073 nycb:SmallCapValueGrowthMember us-gaap:EquityFundsMember us-gaap:FairValueInputsLevel2Member 2019-12-31 0000910073 nycb:SmallCapCoreMember us-gaap:EquityFundsMember 2019-12-31 0000910073 nycb:SmallCapCoreMember us-gaap:EquityFundsMember us-gaap:FairValueInputsLevel2Member 2019-12-31 0000910073 nycb:InternationalEquityMember us-gaap:EquityFundsMember 2019-12-31 0000910073 nycb:InternationalEquityMember us-gaap:EquityFundsMember us-gaap:FairValueInputsLevel2Member 2019-12-31 0000910073 nycb:UnitedStatesCoreMember us-gaap:FixedIncomeFundsMember 2019-12-31 0000910073 nycb:UnitedStatesCoreMember us-gaap:FixedIncomeFundsMember us-gaap:FairValueInputsLevel2Member 2019-12-31 0000910073 nycb:IntermediateDurationMember us-gaap:FixedIncomeFundsMember 2019-12-31 0000910073 nycb:IntermediateDurationMember us-gaap:FixedIncomeFundsMember us-gaap:FairValueInputsLevel2Member 2019-12-31 0000910073 us-gaap:CommonStockMember us-gaap:EquitySecuritiesMember 2019-12-31 0000910073 us-gaap:CommonStockMember us-gaap:EquitySecuritiesMember us-gaap:FairValueInputsLevel1Member 2019-12-31 0000910073 us-gaap:MoneyMarketFundsMember us-gaap:CashEquivalentsMember 2019-12-31 0000910073 us-gaap:MoneyMarketFundsMember us-gaap:CashEquivalentsMember us-gaap:FairValueInputsLevel1Member 2019-12-31 0000910073 us-gaap:MoneyMarketFundsMember us-gaap:CashEquivalentsMember us-gaap:FairValueInputsLevel2Member 2019-12-31 0000910073 us-gaap:FairValueInputsLevel1Member 2019-12-31 0000910073 us-gaap:FairValueInputsLevel2Member 2019-12-31 0000910073 nycb:LargeCapValueMember nycb:CommonCollectiveTrustsEquityMember srt:MinimumMember 2019-12-31 0000910073 nycb:LargeCapValueMember nycb:CommonCollectiveTrustsEquityMember srt:MaximumMember 2019-12-31 0000910073 nycb:BankMember 2019-12-31 0000910073 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel2Member us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember us-gaap:MortgageBackedSecuritiesMember 2019-12-31 0000910073 us-gaap:FairValueMeasurementsRecurringMember us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember us-gaap:MortgageBackedSecuritiesMember 2019-12-31 0000910073 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel2Member us-gaap:CollateralizedMortgageObligationsMember us-gaap:MortgageBackedSecuritiesMember 2019-12-31 0000910073 us-gaap:FairValueMeasurementsRecurringMember us-gaap:CollateralizedMortgageObligationsMember us-gaap:MortgageBackedSecuritiesMember 2019-12-31 0000910073 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel2Member us-gaap:MortgageBackedSecuritiesMember 2019-12-31 0000910073 us-gaap:FairValueMeasurementsRecurringMember us-gaap:MortgageBackedSecuritiesMember 2019-12-31 0000910073 us-gaap:FairValueInputsLevel1Member nycb:OtherSecuritiesMember us-gaap:USTreasurySecuritiesMember us-gaap:FairValueMeasurementsRecurringMember 2019-12-31 0000910073 us-gaap:FairValueMeasurementsRecurringMember nycb:OtherSecuritiesMember us-gaap:USTreasurySecuritiesMember 2019-12-31 0000910073 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel2Member nycb:OtherSecuritiesMember us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember 2019-12-31 0000910073 us-gaap:FairValueMeasurementsRecurringMember nycb:OtherSecuritiesMember us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember 2019-12-31 0000910073 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel2Member nycb:OtherSecuritiesMember us-gaap:AssetBackedSecuritiesMember 2019-12-31 0000910073 us-gaap:FairValueMeasurementsRecurringMember nycb:OtherSecuritiesMember us-gaap:AssetBackedSecuritiesMember 2019-12-31 0000910073 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel2Member nycb:OtherSecuritiesMember us-gaap:MunicipalBondsMember 2019-12-31 0000910073 us-gaap:FairValueMeasurementsRecurringMember nycb:OtherSecuritiesMember us-gaap:MunicipalBondsMember 2019-12-31 0000910073 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel2Member nycb:OtherSecuritiesMember us-gaap:CorporateBondSecuritiesMember 2019-12-31 0000910073 us-gaap:FairValueMeasurementsRecurringMember nycb:OtherSecuritiesMember us-gaap:CorporateBondSecuritiesMember 2019-12-31 0000910073 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel2Member nycb:OtherSecuritiesMember us-gaap:CorporateNoteSecuritiesMember 2019-12-31 0000910073 us-gaap:FairValueMeasurementsRecurringMember nycb:OtherSecuritiesMember us-gaap:CorporateNoteSecuritiesMember 2019-12-31 0000910073 us-gaap:FairValueInputsLevel1Member nycb:OtherSecuritiesMember us-gaap:FairValueMeasurementsRecurringMember 2019-12-31 0000910073 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel2Member nycb:OtherSecuritiesMember 2019-12-31 0000910073 us-gaap:FairValueMeasurementsRecurringMember nycb:OtherSecuritiesMember 2019-12-31 0000910073 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel1Member 2019-12-31 0000910073 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel2Member 2019-12-31 0000910073 us-gaap:FairValueMeasurementsRecurringMember 2019-12-31 0000910073 us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000910073 us-gaap:MoneyMarketFundsMember 2019-12-31 0000910073 us-gaap:InterestBearingDepositsMember 2019-12-31 0000910073 us-gaap:CertificatesOfDepositMember 2019-12-31 0000910073 us-gaap:CommercialAndIndustrialSectorMember nycb:OtherLoansMember nycb:SpecialtyFinanceLoansMember 2019-12-31 0000910073 nycb:CommercialAndIndustrialLoansMember us-gaap:CommercialAndIndustrialSectorMember nycb:OtherLoansMember 2019-12-31 0000910073 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember 2019-12-31 0000910073 us-gaap:FairValueMeasurementsNonrecurringMember 2019-12-31 0000910073 us-gaap:IPOMember 2019-12-31 0000910073 us-gaap:DebtSecuritiesMember us-gaap:MunicipalBondsMember 2019-12-31 0000910073 us-gaap:DebtSecuritiesMember us-gaap:CorporateNoteSecuritiesMember 2019-12-31 0000910073 us-gaap:EquitySecuritiesMember 2019-12-31 0000910073 nycb:NewYorkCommunityBankMember 2019-12-31 0000910073 us-gaap:EquitySecuritiesMember 2019-12-31 0000910073 us-gaap:DebtSecuritiesMember 2019-12-31 0000910073 us-gaap:CashEquivalentsMember 2019-12-31 0000910073 nycb:EarlierOfContractualMaturityOrNextCallDateMember 2019-12-31 0000910073 us-gaap:Maturity30To90DaysMember 2019-12-31 0000910073 us-gaap:MaturityOver90DaysMember 2019-12-31 0000910073 srt:ParentCompanyMember 2019-12-31 0000910073 us-gaap:MortgageBackedSecuritiesMember 2019-12-31 0000910073 us-gaap:USTreasuryAndGovernmentMember 2019-12-31 0000910073 us-gaap:USStatesAndPoliticalSubdivisionsMember 2019-12-31 0000910073 us-gaap:OtherDebtSecuritiesMember 2019-12-31 0000910073 nycb:ContractualMaturityMember 2019-12-31 0000910073 us-gaap:MaturityOver90DaysMember us-gaap:USTreasuryAndGovernmentMember 2019-12-31 0000910073 us-gaap:Maturity30To90DaysMember us-gaap:USTreasuryAndGovernmentMember 2019-12-31 0000910073 us-gaap:MaturityOver90DaysMember us-gaap:MortgageBackedSecuritiesMember 2019-12-31 0000910073 us-gaap:Maturity30To90DaysMember us-gaap:MortgageBackedSecuritiesMember 2019-12-31 0000910073 nycb:NewYorkCommunityCapitalTrustVMember 2019-12-31 0000910073 nycb:NewYorkCommunityCapitalTrustXMember 2019-12-31 0000910073 nycb:PennFedCapitalTrustIIIMember 2019-12-31 0000910073 nycb:NewYorkCommunityCapitalTrustXIMember 2019-12-31 0000910073 us-gaap:LoanOriginationCommitmentsMember 2019-12-31 0000910073 us-gaap:UnusedLinesOfCreditMember 2019-12-31 0000910073 nycb:SupplementalExecutiveRetirementPlanMember 2019-12-31 0000910073 us-gaap:USGovernmentAgenciesDebtSecuritiesMember 2019-12-31 0000910073 us-gaap:CorporateNoteSecuritiesMember 2019-12-31 0000910073 us-gaap:CollateralizedDebtObligationsMember 2019-12-31 0000910073 us-gaap:AssetBackedSecuritiesMember 2019-12-31 0000910073 us-gaap:CorporateBondSecuritiesMember 2019-12-31 0000910073 us-gaap:MunicipalBondsMember 2019-12-31 0000910073 us-gaap:MutualFundMember 2019-12-31 0000910073 srt:FederalHomeLoanBankOfNewYorkMember 2019-12-31 0000910073 nycb:MultifamilyAndCommercialRealEstateLoansMember nycb:MortgageLoanCommitmentsMember 2019-12-31 0000910073 nycb:OneToFourFamilyMortgageLoansMember nycb:MortgageLoanCommitmentsMember 2019-12-31 0000910073 nycb:AcquisitionDevelopmentAndConstructionMortgageLoansMember nycb:MortgageLoanCommitmentsMember 2019-12-31 0000910073 nycb:MortgageLoanCommitmentsMember 2019-12-31 0000910073 nycb:OtherLoanCommitmentsMember 2019-12-31 0000910073 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel1Member us-gaap:PreferredStockMember 2019-12-31 0000910073 us-gaap:FairValueMeasurementsRecurringMember us-gaap:PreferredStockMember 2019-12-31 0000910073 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel2Member nycb:MutualFundsAndCommonStockMember 2019-12-31 0000910073 us-gaap:FairValueMeasurementsRecurringMember nycb:MutualFundsAndCommonStockMember 2019-12-31 0000910073 nycb:CommercialAndIndustrialSectorAndOneToFourFamilyMortgageLoansMember 2019-12-31 0000910073 us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember us-gaap:MortgageBackedSecuritiesMember 2019-12-31 0000910073 us-gaap:CollateralizedMortgageObligationsMember us-gaap:MortgageBackedSecuritiesMember 2019-12-31 0000910073 us-gaap:MortgageBackedSecuritiesMember 2019-12-31 0000910073 us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember us-gaap:DebtSecuritiesMember 2019-12-31 0000910073 us-gaap:AssetBackedSecuritiesMember us-gaap:DebtSecuritiesMember 2019-12-31 0000910073 us-gaap:MunicipalBondsMember us-gaap:DebtSecuritiesMember 2019-12-31 0000910073 us-gaap:CorporateBondSecuritiesMember us-gaap:DebtSecuritiesMember 2019-12-31 0000910073 us-gaap:CorporateNoteSecuritiesMember us-gaap:DebtSecuritiesMember 2019-12-31 0000910073 us-gaap:DebtSecuritiesMember 2019-12-31 0000910073 nycb:MortgageBackedSecuritiesAndOtherSecuritiesMember 2019-12-31 0000910073 us-gaap:PreferredStockMember us-gaap:EquitySecuritiesMember 2019-12-31 0000910073 nycb:MutualFundsAndCommonStockMember us-gaap:EquitySecuritiesMember 2019-12-31 0000910073 us-gaap:EquitySecuritiesMember 2019-12-31 0000910073 us-gaap:DebtSecuritiesMember us-gaap:USTreasurySecuritiesMember 2019-12-31 0000910073 us-gaap:FairValueInputsLevel3Member 2019-12-31 0000910073 srt:MinimumMember 2019-12-31 0000910073 srt:MaximumMember 2019-12-31 0000910073 nycb:TaxiMedallionLoansMember 2019-12-31 0000910073 nycb:SpecialFederalTaxProvisionMember 2019-12-31 0000910073 us-gaap:CommonStockMember 2019-12-31 0000910073 us-gaap:InterestRateSwapMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-12-31 0000910073 us-gaap:DesignatedAsHedgingInstrumentMember 2019-12-31 0000910073 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:OtherAssetsMember us-gaap:InterestRateSwapMember 2019-12-31 0000910073 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:InterestRateSwapMember nycb:LondonClearingHouseMember 2019-12-31 0000910073 us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember 2019-12-31 0000910073 nycb:LoansAndLeasesMember 2019-12-31 0000910073 us-gaap:SubordinatedDebtMember 2019-12-31 0000910073 nycb:CompanyMember 2018-12-31 0000910073 us-gaap:DebtSecuritiesMember 2018-12-31 0000910073 us-gaap:DebtSecuritiesMember us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember 2018-12-31 0000910073 us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember us-gaap:DebtSecuritiesMember 2018-12-31 0000910073 us-gaap:CollateralizedMortgageObligationsMember us-gaap:DebtSecuritiesMember 2018-12-31 0000910073 us-gaap:AssetBackedSecuritiesMember us-gaap:DebtSecuritiesMember 2018-12-31 0000910073 us-gaap:MunicipalBondsMember us-gaap:DebtSecuritiesMember 2018-12-31 0000910073 us-gaap:CorporateBondSecuritiesMember us-gaap:DebtSecuritiesMember 2018-12-31 0000910073 us-gaap:EquitySecuritiesMember 2018-12-31 0000910073 srt:MultifamilyMember 2018-12-31 0000910073 us-gaap:CommercialRealEstateMember 2018-12-31 0000910073 nycb:OneToFourFamilyMortgageLoansMember 2018-12-31 0000910073 nycb:AcquisitionDevelopmentAndConstructionMortgageLoansMember 2018-12-31 0000910073 us-gaap:MortgageReceivablesMember 2018-12-31 0000910073 us-gaap:CommercialAndIndustrialSectorMember nycb:OtherLoansMember 2018-12-31 0000910073 us-gaap:FinanceLeasesPortfolioSegmentMember 2018-12-31 0000910073 us-gaap:CommercialAndIndustrialSectorMember 2018-12-31 0000910073 us-gaap:MortgageReceivablesMember us-gaap:LoansReceivableMember 2018-12-31 0000910073 nycb:OtherLoansMember us-gaap:LoansReceivableMember 2018-12-31 0000910073 us-gaap:LoansReceivableMember 2018-12-31 0000910073 us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2018-12-31 0000910073 us-gaap:ConsumerPortfolioSegmentMember 2018-12-31 0000910073 nycb:CommercialIndustrialAndOtherLoansMember nycb:OtherLoansMember 2018-12-31 0000910073 nycb:FinancingReceivableThirtyToEightyNineDaysPastDueMember nycb:NonCoveredLoansMember 2018-12-31 0000910073 us-gaap:CommercialAndIndustrialSectorMember nycb:NonCoveredLoansMember nycb:FinancingReceivableThirtyToEightyNineDaysPastDueMember 2018-12-31 0000910073 us-gaap:CommercialAndIndustrialSectorMember nycb:NonCoveredLoansMember 2018-12-31 0000910073 us-gaap:ConsumerPortfolioSegmentMember nycb:FinancingReceivableThirtyToEightyNineDaysPastDueMember nycb:NonCoveredLoansMember 2018-12-31 0000910073 us-gaap:ConsumerPortfolioSegmentMember nycb:NonCoveredLoansMember 2018-12-31 0000910073 nycb:NonCoveredLoansMember 2018-12-31 0000910073 srt:MultifamilyMember nycb:NonCoveredLoansMember 2018-12-31 0000910073 us-gaap:CommercialRealEstateMember nycb:NonCoveredLoansMember 2018-12-31 0000910073 nycb:OneToFourFamilyMortgageLoansMember nycb:FinancingReceivableThirtyToEightyNineDaysPastDueMember nycb:NonCoveredLoansMember 2018-12-31 0000910073 nycb:OneToFourFamilyMortgageLoansMember nycb:NonCoveredLoansMember 2018-12-31 0000910073 nycb:FinancingReceivableThirtyToEightyNineDaysPastDueMember 2018-12-31 0000910073 us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2018-12-31 0000910073 srt:MultifamilyMember us-gaap:PassMember 2018-12-31 0000910073 us-gaap:CommercialRealEstateMember us-gaap:PassMember 2018-12-31 0000910073 nycb:OneToFourFamilyMortgageLoansMember us-gaap:PassMember 2018-12-31 0000910073 nycb:AcquisitionDevelopmentAndConstructionMortgageLoansMember us-gaap:PassMember 2018-12-31 0000910073 us-gaap:MortgageReceivablesMember us-gaap:PassMember 2018-12-31 0000910073 us-gaap:PassMember us-gaap:CommercialAndIndustrialSectorMember 2018-12-31 0000910073 us-gaap:ConsumerPortfolioSegmentMember us-gaap:PassMember 2018-12-31 0000910073 nycb:CommercialIndustrialAndOtherLoansMember us-gaap:PassMember 2018-12-31 0000910073 srt:MultifamilyMember us-gaap:SpecialMentionMember 2018-12-31 0000910073 us-gaap:CommercialRealEstateMember us-gaap:SpecialMentionMember 2018-12-31 0000910073 nycb:AcquisitionDevelopmentAndConstructionMortgageLoansMember us-gaap:SpecialMentionMember 2018-12-31 0000910073 us-gaap:MortgageReceivablesMember us-gaap:SpecialMentionMember 2018-12-31 0000910073 us-gaap:SpecialMentionMember us-gaap:CommercialAndIndustrialSectorMember 2018-12-31 0000910073 nycb:CommercialIndustrialAndOtherLoansMember us-gaap:SpecialMentionMember 2018-12-31 0000910073 srt:MultifamilyMember us-gaap:SubstandardMember 2018-12-31 0000910073 us-gaap:CommercialRealEstateMember us-gaap:SubstandardMember 2018-12-31 0000910073 nycb:OneToFourFamilyMortgageLoansMember us-gaap:SubstandardMember 2018-12-31 0000910073 nycb:AcquisitionDevelopmentAndConstructionMortgageLoansMember us-gaap:SubstandardMember 2018-12-31 0000910073 us-gaap:MortgageReceivablesMember us-gaap:SubstandardMember 2018-12-31 0000910073 us-gaap:SubstandardMember us-gaap:CommercialAndIndustrialSectorMember 2018-12-31 0000910073 us-gaap:ConsumerPortfolioSegmentMember us-gaap:SubstandardMember 2018-12-31 0000910073 nycb:CommercialIndustrialAndOtherLoansMember us-gaap:SubstandardMember 2018-12-31 0000910073 nycb:CommercialIndustrialAndOtherLoansMember 2018-12-31 0000910073 nycb:AccrualLoansMember nycb:NonCoveredLoansMember srt:MultifamilyMember 2018-12-31 0000910073 nycb:AccrualLoansMember nycb:NonCoveredLoansMember us-gaap:CommercialRealEstateMember 2018-12-31 0000910073 nycb:AccrualLoansMember nycb:NonCoveredLoansMember nycb:OneToFourFamilyMortgageLoansMember 2018-12-31 0000910073 nycb:NonCoveredLoansMember nycb:NonAccrualLoansMember us-gaap:CommercialRealEstateMember 2018-12-31 0000910073 nycb:NonCoveredLoansMember nycb:NonAccrualLoansMember nycb:AcquisitionDevelopmentAndConstructionMortgageLoansMember 2018-12-31 0000910073 nycb:NonCoveredLoansMember nycb:NonAccrualLoansMember srt:MultifamilyMember 2018-12-31 0000910073 nycb:NonCoveredLoansMember nycb:NonAccrualLoansMember nycb:OneToFourFamilyMortgageLoansMember 2018-12-31 0000910073 nycb:NonCoveredLoansMember nycb:AccrualLoansMember nycb:AcquisitionDevelopmentAndConstructionMortgageLoansMember 2018-12-31 0000910073 nycb:NonCoveredLoansMember nycb:AcquisitionDevelopmentAndConstructionMortgageLoansMember 2018-12-31 0000910073 nycb:AccrualLoansMember nycb:NonCoveredLoansMember us-gaap:CommercialAndIndustrialSectorMember 2018-12-31 0000910073 nycb:NonAccrualLoansMember nycb:NonCoveredLoansMember us-gaap:CommercialAndIndustrialSectorMember 2018-12-31 0000910073 nycb:NonCoveredLoansMember nycb:AccrualLoansMember 2018-12-31 0000910073 nycb:NonCoveredLoansMember nycb:NonAccrualLoansMember 2018-12-31 0000910073 nycb:OtherLoansMember 2018-12-31 0000910073 nycb:BankMember 2018-12-31 0000910073 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MortgageBackedSecuritiesMember us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember 2018-12-31 0000910073 us-gaap:FairValueMeasurementsRecurringMember us-gaap:MortgageBackedSecuritiesMember us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember 2018-12-31 0000910073 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MortgageBackedSecuritiesMember us-gaap:CollateralizedMortgageObligationsMember 2018-12-31 0000910073 us-gaap:FairValueMeasurementsRecurringMember us-gaap:MortgageBackedSecuritiesMember us-gaap:CollateralizedMortgageObligationsMember 2018-12-31 0000910073 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MortgageBackedSecuritiesMember 2018-12-31 0000910073 us-gaap:FairValueMeasurementsRecurringMember us-gaap:MortgageBackedSecuritiesMember 2018-12-31 0000910073 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember nycb:OtherSecuritiesMember us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember 2018-12-31 0000910073 us-gaap:FairValueMeasurementsRecurringMember nycb:OtherSecuritiesMember us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember 2018-12-31 0000910073 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember nycb:OtherSecuritiesMember us-gaap:AssetBackedSecuritiesMember 2018-12-31 0000910073 us-gaap:FairValueMeasurementsRecurringMember nycb:OtherSecuritiesMember us-gaap:AssetBackedSecuritiesMember 2018-12-31 0000910073 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember nycb:OtherSecuritiesMember us-gaap:MunicipalBondsMember 2018-12-31 0000910073 us-gaap:FairValueMeasurementsRecurringMember nycb:OtherSecuritiesMember us-gaap:MunicipalBondsMember 2018-12-31 0000910073 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember nycb:OtherSecuritiesMember us-gaap:CorporateBondSecuritiesMember 2018-12-31 0000910073 us-gaap:FairValueMeasurementsRecurringMember nycb:OtherSecuritiesMember us-gaap:CorporateBondSecuritiesMember 2018-12-31 0000910073 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember nycb:OtherSecuritiesMember us-gaap:CorporateNoteSecuritiesMember 2018-12-31 0000910073 us-gaap:FairValueMeasurementsRecurringMember nycb:OtherSecuritiesMember us-gaap:CorporateNoteSecuritiesMember 2018-12-31 0000910073 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember nycb:OtherSecuritiesMember 2018-12-31 0000910073 us-gaap:FairValueMeasurementsRecurringMember nycb:OtherSecuritiesMember 2018-12-31 0000910073 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000910073 us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000910073 us-gaap:AvailableforsaleSecuritiesMember 2018-12-31 0000910073 us-gaap:MoneyMarketFundsMember 2018-12-31 0000910073 us-gaap:InterestBearingDepositsMember 2018-12-31 0000910073 us-gaap:CertificatesOfDepositMember 2018-12-31 0000910073 us-gaap:CommercialAndIndustrialSectorMember nycb:OtherLoansMember nycb:SpecialtyFinanceLoansMember 2018-12-31 0000910073 nycb:CommercialAndIndustrialLoansMember us-gaap:CommercialAndIndustrialSectorMember nycb:OtherLoansMember 2018-12-31 0000910073 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember 2018-12-31 0000910073 us-gaap:FairValueMeasurementsNonrecurringMember 2018-12-31 0000910073 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2018-12-31 0000910073 us-gaap:DebtSecuritiesMember us-gaap:CorporateNoteSecuritiesMember 2018-12-31 0000910073 us-gaap:EquitySecuritiesMember 2018-12-31 0000910073 us-gaap:DebtSecuritiesMember 2018-12-31 0000910073 us-gaap:CashEquivalentsMember 2018-12-31 0000910073 nycb:NewYorkCommunityBankMember 2018-12-31 0000910073 srt:ParentCompanyMember 2018-12-31 0000910073 us-gaap:LoanOriginationCommitmentsMember 2018-12-31 0000910073 us-gaap:UnusedLinesOfCreditMember 2018-12-31 0000910073 us-gaap:PensionPlansDefinedBenefitMember 2018-12-31 0000910073 nycb:SupplementalExecutiveRetirementPlanMember 2018-12-31 0000910073 us-gaap:MortgageBackedSecuritiesMember 2018-12-31 0000910073 us-gaap:USGovernmentAgenciesDebtSecuritiesMember 2018-12-31 0000910073 us-gaap:CollateralizedDebtObligationsMember 2018-12-31 0000910073 us-gaap:CorporateNoteSecuritiesMember 2018-12-31 0000910073 us-gaap:MunicipalBondsMember 2018-12-31 0000910073 us-gaap:MutualFundMember 2018-12-31 0000910073 srt:FederalHomeLoanBankOfNewYorkMember 2018-12-31 0000910073 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:PreferredStockMember 2018-12-31 0000910073 us-gaap:FairValueMeasurementsRecurringMember us-gaap:PreferredStockMember 2018-12-31 0000910073 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember nycb:MutualFundsAndCommonStockMember 2018-12-31 0000910073 us-gaap:FairValueMeasurementsRecurringMember nycb:MutualFundsAndCommonStockMember 2018-12-31 0000910073 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000910073 us-gaap:FairValueInputsLevel1Member 2018-12-31 0000910073 us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember us-gaap:MortgageBackedSecuritiesMember 2018-12-31 0000910073 us-gaap:CollateralizedMortgageObligationsMember us-gaap:MortgageBackedSecuritiesMember 2018-12-31 0000910073 us-gaap:MortgageBackedSecuritiesMember 2018-12-31 0000910073 us-gaap:DebtSecuritiesMember us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember 2018-12-31 0000910073 us-gaap:DebtSecuritiesMember us-gaap:AssetBackedSecuritiesMember 2018-12-31 0000910073 us-gaap:DebtSecuritiesMember us-gaap:MunicipalBondsMember 2018-12-31 0000910073 us-gaap:DebtSecuritiesMember us-gaap:CorporateBondSecuritiesMember 2018-12-31 0000910073 us-gaap:DebtSecuritiesMember us-gaap:CorporateNoteSecuritiesMember 2018-12-31 0000910073 us-gaap:DebtSecuritiesMember 2018-12-31 0000910073 nycb:MortgageBackedSecuritiesAndOtherSecuritiesMember 2018-12-31 0000910073 us-gaap:EquitySecuritiesMember us-gaap:PreferredStockMember 2018-12-31 0000910073 us-gaap:EquitySecuritiesMember nycb:MutualFundsAndCommonStockMember 2018-12-31 0000910073 us-gaap:EquitySecuritiesMember 2018-12-31 0000910073 us-gaap:FairValueInputsLevel2Member 2018-12-31 0000910073 us-gaap:FairValueInputsLevel3Member 2018-12-31 0000910073 nycb:TaxiMedallionLoansMember 2018-12-31 0000910073 us-gaap:CommonStockMember 2018-12-31 0000910073 us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0000910073 us-gaap:CashFlowHedgingMember us-gaap:InterestRateSwapMember 2018-12-31 0000910073 srt:ParentCompanyMember 2017-01-01 2017-12-31 0000910073 nycb:NonCoveredLoansMember 2017-01-01 2017-12-31 0000910073 nycb:AcquisitionDevelopmentAndConstructionMortgageLoansMember 2017-01-01 2017-12-31 0000910073 us-gaap:CommercialAndIndustrialSectorMember 2017-01-01 2017-12-31 0000910073 nycb:OneToFourFamilyMortgageLoansMember 2017-01-01 2017-12-31 0000910073 us-gaap:PensionPlansDefinedBenefitMember 2017-01-01 2017-12-31 0000910073 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2017-01-01 2017-12-31 0000910073 nycb:LoansHeldForSaleMember 2017-01-01 2017-12-31 0000910073 nycb:MortgageServicingRightsMember 2017-01-01 2017-12-31 0000910073 nycb:NewYorkCommunityBankMember 2017-01-01 2017-12-31 0000910073 us-gaap:RetainedEarningsMember 2017-01-01 2017-12-31 0000910073 nycb:StockIncentivePlanTwentyTwelveMember us-gaap:RestrictedStockMember 2017-01-01 2017-12-31 0000910073 srt:FederalHomeLoanBankOfNewYorkMember 2017-01-01 2017-12-31 0000910073 us-gaap:RestrictedStockMember 2017-01-01 2017-12-31 0000910073 us-gaap:PreferredStockMember 2017-01-01 2017-12-31 0000910073 us-gaap:AdditionalPaidInCapitalMember 2017-01-01 2017-12-31 0000910073 us-gaap:TreasuryStockMember 2017-01-01 2017-12-31 0000910073 us-gaap:CommonStockMember 2017-01-01 2017-12-31 0000910073 us-gaap:FederalHomeLoanBankAdvancesMember 2017-01-01 2017-12-31 0000910073 us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2017-01-01 2017-12-31 0000910073 us-gaap:JuniorSubordinatedDebtMember 2017-01-01 2017-12-31 0000910073 nycb:CoveredLoansMember 2017-01-01 2017-12-31 0000910073 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-01-01 2017-12-31 0000910073 srt:ParentCompanyMember 2018-01-01 2018-12-31 0000910073 nycb:NonCoveredLoansMember 2018-01-01 2018-12-31 0000910073 us-gaap:CommercialAndIndustrialSectorMember 2018-01-01 2018-12-31 0000910073 nycb:AcquisitionDevelopmentAndConstructionMortgageLoansMember 2018-01-01 2018-12-31 0000910073 us-gaap:PensionPlansDefinedBenefitMember 2018-01-01 2018-12-31 0000910073 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2018-01-01 2018-12-31 0000910073 us-gaap:MortgageReceivablesMember 2018-01-01 2018-12-31 0000910073 nycb:OtherLoansMember 2018-01-01 2018-12-31 0000910073 nycb:MortgageServicingRightsMember 2018-01-01 2018-12-31 0000910073 srt:MultifamilyMember 2018-01-01 2018-12-31 0000910073 nycb:OneToFourFamilyMortgageLoansMember 2018-01-01 2018-12-31 0000910073 us-gaap:CommercialRealEstateMember 2018-01-01 2018-12-31 0000910073 us-gaap:MortgageReceivablesMember nycb:NonCoveredLoansMember 2018-01-01 2018-12-31 0000910073 nycb:NonCoveredLoansMember nycb:OtherLoansMember 2018-01-01 2018-12-31 0000910073 nycb:NewYorkCommunityBankMember 2018-01-01 2018-12-31 0000910073 us-gaap:PreferredStockMember 2018-01-01 2018-12-31 0000910073 us-gaap:RetainedEarningsMember 2018-01-01 2018-12-31 0000910073 nycb:StockIncentivePlanTwentyTwelveMember us-gaap:RestrictedStockMember 2018-01-01 2018-12-31 0000910073 srt:FederalHomeLoanBankOfNewYorkMember 2018-01-01 2018-12-31 0000910073 us-gaap:RestrictedStockMember 2018-01-01 2018-12-31 0000910073 us-gaap:AdditionalPaidInCapitalMember 2018-01-01 2018-12-31 0000910073 us-gaap:TreasuryStockMember 2018-01-01 2018-12-31 0000910073 us-gaap:CommonStockMember 2018-01-01 2018-12-31 0000910073 us-gaap:FederalHomeLoanBankAdvancesMember 2018-01-01 2018-12-31 0000910073 us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2018-01-01 2018-12-31 0000910073 us-gaap:JuniorSubordinatedDebtMember 2018-01-01 2018-12-31 0000910073 us-gaap:RetainedEarningsMember us-gaap:AccountingStandardsUpdate201601Member 2018-01-01 2018-12-31 0000910073 us-gaap:AccountingStandardsUpdate201601Member 2018-01-01 2018-12-31 0000910073 us-gaap:RetainedEarningsMember us-gaap:AccountingStandardsUpdate201802Member 2018-01-01 2018-12-31 0000910073 us-gaap:AccumulatedOtherComprehensiveIncomeMember us-gaap:AccountingStandardsUpdate201802Member 2018-01-01 2018-12-31 0000910073 us-gaap:NewJerseyDivisionOfTaxationMember 2018-01-01 2018-12-31 0000910073 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-12-31 0000910073 nycb:NewYorkCommunityBankMember 2019-01-01 2019-12-31 0000910073 srt:ParentCompanyMember 2019-01-01 2019-12-31 0000910073 nycb:NonCoveredLoansMember 2019-01-01 2019-12-31 0000910073 us-gaap:CommercialAndIndustrialSectorMember 2019-01-01 2019-12-31 0000910073 nycb:OneToFourFamilyMortgageLoansMember 2019-01-01 2019-12-31 0000910073 us-gaap:PensionPlansDefinedBenefitMember 2019-01-01 2019-12-31 0000910073 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2019-01-01 2019-12-31 0000910073 us-gaap:MortgageReceivablesMember 2019-01-01 2019-12-31 0000910073 nycb:OtherLoansMember 2019-01-01 2019-12-31 0000910073 us-gaap:RestrictedStockMember 2019-01-01 2019-12-31 0000910073 nycb:NewYorkCommunityBankMember us-gaap:ShareBasedCompensationAwardTrancheOneMember 2019-01-01 2019-12-31 0000910073 nycb:NewYorkCommunityBankMember us-gaap:ShareBasedCompensationAwardTrancheTwoMember 2019-01-01 2019-12-31 0000910073 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-01-01 2019-12-31 0000910073 srt:MultifamilyMember 2019-01-01 2019-12-31 0000910073 us-gaap:CommercialRealEstateMember 2019-01-01 2019-12-31 0000910073 nycb:AcquisitionDevelopmentAndConstructionMortgageLoansMember 2019-01-01 2019-12-31 0000910073 us-gaap:MortgageReceivablesMember nycb:NonCoveredLoansMember 2019-01-01 2019-12-31 0000910073 nycb:OtherLoansMember nycb:NonCoveredLoansMember 2019-01-01 2019-12-31 0000910073 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-12-31 0000910073 nycb:FinancingReceivableTroubledDebtRestructuringsRateReductionsMember 2019-01-01 2019-12-31 0000910073 nycb:FinancingReceivableTroubledDebtRestructuringsForbearanceOfArrearsMember 2019-01-01 2019-12-31 0000910073 us-gaap:RetainedEarningsMember 2019-01-01 2019-12-31 0000910073 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceCostCreditMember 2019-01-01 2019-12-31 0000910073 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember 2019-01-01 2019-12-31 0000910073 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2019-01-01 2019-12-31 0000910073 nycb:NewYorkCommunityCapitalTrustVMember 2019-01-01 2019-12-31 0000910073 nycb:NewYorkCommunityCapitalTrustXMember 2019-01-01 2019-12-31 0000910073 nycb:PennFedCapitalTrustIIIMember 2019-01-01 2019-12-31 0000910073 nycb:NewYorkCommunityCapitalTrustXIMember 2019-01-01 2019-12-31 0000910073 nycb:StockIncentivePlanTwentyTwelveMember us-gaap:RestrictedStockMember 2019-01-01 2019-12-31 0000910073 nycb:PerformanceBasedRestrictedStockUnitsMember 2019-01-01 2019-12-31 0000910073 srt:FederalHomeLoanBankOfNewYorkMember 2019-01-01 2019-12-31 0000910073 us-gaap:TreasuryStockMember 2019-01-01 2019-12-31 0000910073 us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-12-31 0000910073 srt:MinimumMember 2019-01-01 2019-12-31 0000910073 srt:MaximumMember 2019-01-01 2019-12-31 0000910073 us-gaap:FederalHomeLoanBankAdvancesMember 2019-01-01 2019-12-31 0000910073 us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2019-01-01 2019-12-31 0000910073 us-gaap:JuniorSubordinatedDebtMember 2019-01-01 2019-12-31 0000910073 us-gaap:CommonStockMember 2019-01-01 2019-12-31 0000910073 srt:MinimumMember us-gaap:FurnitureAndFixturesMember 2019-01-01 2019-12-31 0000910073 us-gaap:FurnitureAndFixturesMember srt:MaximumMember 2019-01-01 2019-12-31 0000910073 us-gaap:EquipmentMember srt:MaximumMember 2019-01-01 2019-12-31 0000910073 us-gaap:EquipmentMember srt:MinimumMember 2019-01-01 2019-12-31 0000910073 us-gaap:BuildingMember 2019-01-01 2019-12-31 0000910073 nycb:NewYorkCommunityCapitalTrustVMember nycb:BifurcatedOptionNoteUnitSecuritiEssmMember 2019-01-01 2019-12-31 0000910073 us-gaap:DesignatedAsHedgingInstrumentMember 2019-01-01 2019-12-31 0000910073 us-gaap:SubordinatedDebtMember 2019-01-01 2019-12-31 0000910073 us-gaap:SegmentDiscontinuedOperationsMember 2019-01-01 2019-12-31 0000910073 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-12-31 0000910073 us-gaap:InterestIncomeMember us-gaap:InterestRateSwapMember 2019-01-01 2019-12-31 0000910073 us-gaap:InterestIncomeMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-01-01 2019-12-31 0000910073 us-gaap:OtherIncomeMember 2019-01-01 2019-12-31 0000910073 us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember 2019-01-01 2019-12-31 0000910073 nycb:BifurcatedOptionNoteUnitSecuritiesMember 2019-01-01 2019-12-31 0000910073 nycb:FixedToFloatingRateSeriesANoncumulativePerpetualPreferredStockMember 2019-01-01 2019-12-31 0000910073 us-gaap:CommonStockMember 2019-01-01 2019-12-31 0000910073 nycb:PeterBCannellAndCoMember 2019-01-01 2019-12-31 0000910073 us-gaap:IPOMember 1993-11-23 0000910073 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2017-12-31 0000910073 nycb:NewYorkCommunityBankMember 2017-12-31 0000910073 nycb:DepositarySharesMember nycb:SeriesANoncumulativePreferredStockMember 2017-02-17 2017-03-17 0000910073 nycb:DepositarySharesMember nycb:SeriesANoncumulativePreferredStockMember 2017-03-17 0000910073 us-gaap:CommonStockMember 2018-10-23 0000910073 nycb:NewYorkCommunityCapitalTrustVMember nycb:BifurcatedOptionNoteUnitSecuritiEssmMember us-gaap:CapitalUnitsMember 2002-11-04 0000910073 nycb:NewYorkCommunityCapitalTrustVMember nycb:BifurcatedOptionNoteUnitSecuritiEssmMember 2002-11-04 0000910073 nycb:NewYorkCommunityCapitalTrustVMember nycb:BifurcatedOptionNoteUnitSecuritiEssmMember 2002-11-04 2002-11-04 0000910073 us-gaap:CapitalUnitsMember nycb:BifurcatedOptionNoteUnitSecuritiEssmMember nycb:NewYorkCommunityCapitalTrustVMember 2002-11-04 2002-11-04 0000910073 nycb:NewYorkCommunityCapitalTrustVMember nycb:BifurcatedOptionNoteUnitSecuritiEssmMember us-gaap:WarrantMember 2002-11-04 2002-11-04 0000910073 us-gaap:CommonStockMember 2016-12-31 0000910073 us-gaap:AdditionalPaidInCapitalMember 2016-12-31 0000910073 us-gaap:RetainedEarningsMember 2016-12-31 0000910073 us-gaap:TreasuryStockMember 2016-12-31 0000910073 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2016-12-31 0000910073 srt:ParentCompanyMember 2016-12-31 0000910073 srt:ParentCompanyMember 2017-12-31 0000910073 us-gaap:PreferredStockMember 2017-12-31 0000910073 us-gaap:CommonStockMember 2017-12-31 0000910073 us-gaap:AdditionalPaidInCapitalMember 2017-12-31 0000910073 us-gaap:RetainedEarningsMember 2017-12-31 0000910073 us-gaap:TreasuryStockMember 2017-12-31 0000910073 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-12-31 0000910073 us-gaap:MortgageReceivablesMember 2017-12-31 0000910073 nycb:OtherLoansMember 2017-12-31 0000910073 us-gaap:PensionPlansDefinedBenefitMember 2017-12-31 0000910073 us-gaap:PreferredStockMember 2018-12-31 0000910073 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0000910073 us-gaap:RetainedEarningsMember 2018-12-31 0000910073 us-gaap:TreasuryStockMember 2018-12-31 0000910073 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0000910073 us-gaap:PreferredStockMember 2019-12-31 0000910073 us-gaap:AdditionalPaidInCapitalMember 2019-12-31 0000910073 us-gaap:RetainedEarningsMember 2019-12-31 0000910073 us-gaap:TreasuryStockMember 2019-12-31 0000910073 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-12-31 iso4217:USD xbrli:pure xbrli:shares iso4217:USD xbrli:shares nycb:Investment nycb:Stock nycb:age nycb:Location

---

---

---

---

---

---

---

---

PART I

ITEM 1.

BUSINESS

 

 

 

General

New York Community Bancorp, Inc., (on a stand-alone basis, the “Parent Company” or, collectively with its subsidiaries, the “Company”) was organized under Delaware law on July 20, 1993 and is the bank holding company for New York Community Bank (hereinafter referred to as the “Bank”). Formerly known as Queens County Savings Bank, the Bank converted from a state-chartered mutual savings bank to the capital stock form of ownership on November 23, 1993, at which date the Company completed its initial offering of common stock (par value: $0.01 per share) at a price of $25.00 per share ($0.93 per share on a split-adjusted basis, reflecting the impact of nine stock splits between 1994 and 2004).

New York Community Bank

Established in 1859, the Bank is a New York State-chartered savings bank with 238 branches that currently operates through eight local divisions, each with a history of strength and service: Queens County Savings Bank, Roslyn Savings Bank, Richmond County Savings Bank, Roosevelt Savings Bank, and Atlantic Bank in New York; Garden State Community Bank in New Jersey; Ohio Savings Bank in Ohio: and AmTrust Bank in Florida and Arizona. We compete for depositors in these diverse markets by emphasizing service and convenience, with a comprehensive menu of traditional and

non-traditional

products and services, and access to multiple service channels, including online banking, mobile banking, and banking by phone.

We also are a leading producer of multi-family loans in New York City, with an emphasis on

non-luxury

residential apartment buildings with rent-regulated units that feature below-market rents. In addition to multi-family loans, which are our principal asset, we originate CRE loans (primarily in New York City), specialty finance loans and leases, and, to a much lesser extent, ADC loans, and C&I loans (typically made to small and

mid-size

business in Metro New York).

Online Information about the Company and the Bank

We also serve our customers through our website: www.myNYCB.com. In addition to providing our customers with

24-hour

access to their accounts, and information regarding our products and services, hours of service, and locations, the website provides extensive information about the Company for the investment community. Earnings releases, dividend announcements, and other press releases are posted upon issuance to the Investor Relations portion of the website.

In addition, our filings with the SEC (including our annual report on Form

10-K;

our quarterly reports on Form

10-Q;

and our current reports on Form

8-K),

and all amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, are available without charge, and are posted to the Investor Relations portion of our website. The website also provides information regarding our Board of Directors and management team, as well as certain Board Committee charters and our corporate governance policies. The content of our website shall not be deemed to be incorporated by reference into this Annual Report.

Our Market

Our current market for deposits consists of the 26 counties in the five states that are served by our branch network, including all five boroughs of New York City, Nassau and Suffolk Counties on Long Island, and Westchester County in New York; Essex, Hudson, Mercer, Middlesex, Monmouth, Ocean, and Union Counties in New Jersey; Maricopa and Yavapai Counties in Arizona; Cuyahoga, Lake, and Summit Counties in Ohio; and Broward, Collier, Lee, Miami-Dade, Palm Beach, and St. Lucie Counties in Florida.

The market for the loans we produce varies, depending on the type of loan. For example, the vast majority of our multi-family loans are collateralized by rental apartment buildings in New York City, which is also home to the majority of the properties collateralizing our CRE and ADC loans. In contrast, our specialty finance loans and leases are generally made to large corporate obligors that participate in stable industries nationwide.

Competition for Deposits

The combined population of the 26 counties where our branches are located is approximately 31.5 million, and the number of banks and thrifts we compete with currently exceeds 300. With total deposits of $31.7 billion at December 31, 2019, we ranked twelfth among all bank and thrift depositories serving these 26 counties. We also

7

---

Table of Contents

ranked fourth among all banks and thrifts in Union County, New Jersey, third among all banks and thrifts in Richmond County in New York, fifth among all banks and thrifts in Queens County in New York, and second among all banks and thrifts in Nassau County in New York (market share information was provided by S&P Global Market Intelligence).

We compete for deposits and customers by placing an emphasis on convenience and service and, from time to time, by offering specific products at highly competitive rates. In addition to our 238 branches, we have 348 ATM locations, including 233 that operate 24 hours a day, and 75 that are off-site ATMs. Our customers also have

24-hour

access to their accounts through our

bank-by-phone

service, through mobile banking, and online through our website, www.myNYCB.com. We also offer certain money market accounts, certificates of deposit (“CDs”), and checking accounts through a dedicated website:

www.myBankingDirect.com

.

In addition to checking and savings accounts, Individual Retirement Accounts, and CDs for both businesses and consumers, we offer a suite of cash management products to address the needs of small and

mid-size

businesses and professional associations. We also compete by complementing our broad selection of traditional banking products with an extensive menu of alternative financial services, including annuities, life and long-term care insurance, and mutual funds of various third-party service providers.

Our ability to attract and retain deposits is not only a function of short-term interest rates and industry consolidation, but also the competitiveness of the rates being offered by other financial institutions within our marketplace, including credit unions,

on-line

banks, and brokerage firms. Additionally, financial technology companies, also referred to as fintechs, are providing nontraditional, but increasingly strong competition for deposits and customers.

Competition for deposits is also influenced by several internal factors, including the opportunity to assume or acquire deposits through business combinations; the cash flows produced through loan and securities repayments and sales; and the availability of attractively priced wholesale funds. In addition, the degree to which we seek to compete for deposits is influenced by the liquidity needed to fund our loan production and other outstanding commitments.

Another competitive advantage is our strong community presence, with April 14, 2019 having marked the 160th year of service of our forebear, Queens County Savings Bank. We have found that our longevity, as well as our strong capital position, are especially appealing to customers seeking a strong, stable, and service-oriented bank.

Competition for Loans

Our success as a lender is substantially tied to the economic health of the markets where we lend. Local economic conditions have a significant impact on loan demand, the value of the collateral securing our credits, and the ability of our borrowers to repay their loans.

The competition we face for loans also varies with the type of loan we are originating. In New York City, where the majority of the buildings collateralizing our multi-family loans are located, we compete for such loans on the basis of timely service and the expertise that stems from being a specialist in this lending niche. In addition to the money center, regional, and local banks we compete with in this market, we compete with insurance companies and other types of lenders. Certain of the banks we compete with sell the loans they produce to Fannie Mae and Freddie Mac.

Our ability to compete for CRE loans depends on the same factors that impact our ability to compete for multi-family credits, and the degree to which other CRE lenders choose to offer loan products similar to ours.

While we continue to originate ADC and C&I loans for investment, such loans represent a small portion of our loan portfolio as compared to multi-family, CRE loans, and specialty finance loans.

Environmental Issues

We encounter certain environmental risks in our lending activities and other operations. The existence of hazardous materials may make it unattractive for a lender to foreclose on the properties securing its loans. In addition, under certain conditions, lenders may become liable for the costs of cleaning up hazardous materials found on such properties. We attempt to mitigate such environmental risks by requiring either that a borrower purchase environmental insurance or that an appropriate environmental site assessment be completed as part of our underwriting review on the initial granting of CRE and ADC loans, regardless of location, and of any

out-of-state

multi-family loans we may produce. Depending on the results of an assessment, appropriate measures are taken to address the identified risks. In addition, we order an updated environmental analysis prior to foreclosing on such properties, and typically hold foreclosed multi-family, CRE, and ADC properties in subsidiaries.

8

---

Table of Contents

Our attention to environmental risks also applies to the properties and facilities that house our bank operations. Prior to acquiring a large-scale property, a Phase 1 Environmental Property Assessment is typically performed by a licensed professional engineer to determine the integrity of, and/or the potential risk associated with, the facility and the property on which it is built. Properties and facilities of a smaller scale are evaluated by qualified

in-house

assessors, as well as by industry experts in environmental testing and remediation. This

two-pronged

approach identifies potential risks associated with asbestos-containing material, above and underground storage tanks, radon, electrical transformers (which may contain PCBs), ground water flow, storm and sanitary discharge, and mold, among other environmental risks. These processes assist us in mitigating environmental risk by enabling us to identify and address potential issues, including by avoiding taking ownership or control of contaminated properties.

Subsidiary Activities

The Bank has formed, or acquired through merger transactions, 20 active subsidiary corporations. Of these, 12 are direct subsidiaries of the Bank and eight are subsidiaries of Bank-owned entities.

The 12 direct subsidiaries of the Bank are:

Name		Jurisdiction of Organization		Purpose
100 Duffy Realty, LLC		New York		Owns a branch building.
Beta Investments, Inc.		Delaware		Holding company for Omega Commercial Mortgage Corp. and Long Island Commercial Capital Corp.
BSR 1400 Corp.		New York		Organized to own interests in real estate.
Ferry Development Holding Company		Delaware		Formed to hold and manage investment portfolios for the Company.
NYCB Specialty Finance Company, LLC		Delaware		Originates asset-based, equipment financing, and dealer-floor plan loans.
NYB Realty Holding Company, LLC		New York		Holding company for subsidiaries owning an interest in real estate.
NYCB Insurance Agency, Inc.		New York		Sells non-deposit investment products.
Pacific Urban Renewal, Inc.		New Jersey		Owns a branch building.
Richmond Enterprises, Inc.		New York		Holding company for previously sold entity.
Synergy Capital Investments, Inc.		New Jersey		Formed to hold and manage investment portfolios for the Company.
NYCB Mortgage Company, LLC		Delaware		Holding company for Walnut Realty Holding Company, LLC.
Woodhaven Investment Company, LLC		Delaware		Holding company for Ironbound Investment Company, Inc. and 1400 Corp.

 

 

 

9

---

Table of Contents

The eight subsidiaries of Bank-owned entities are:

Name		Jurisdiction of Organization		Purpose
1400 Corp.		New York		Holding company for Roslyn Real Estate Asset Corp.
Ironbound Investment Company, LLC.		Florida		Organized for the purpose of investing in mortgage-related assets.
Long Island Commercial Capital Corporation		New York		A REIT organized for the purpose of investing in mortgage-related assets.
Omega Commercial Mortgage Corp.		Delaware		A REIT organized for the purpose of investing in mortgage-related assets.
Prospect Realty Holding Company, LLC		New York		Owns a back-office building.
Rational Real Estate II, LLC		New York		Owns a back-office building.
Roslyn Real Estate Asset Corp.		Delaware		A REIT organized for the purpose of investing in mortgage-related assets.
Walnut Realty Holding Company, LLC		Delaware		Established to own Bank-owned properties.

 

NYB Realty Holding Company, LLC owns interests in six additional active entities organized as indirect wholly-owned subsidiaries to own interests in various real estate properties.

The Parent Company owns special business trusts that were formed for the purpose of issuing capital and common securities and investing the proceeds thereof in the junior subordinated debentures issued by the Company. See Note 9, “Borrowed Funds,” in Item 8, “Financial Statements and Supplementary Data,” for a further discussion of the Company’s special business trusts. The Parent Company also has one

non-banking

subsidiary that was established in connection with the acquisition of Atlantic Bank of New York.

Personnel

At December 31, 2019, the number of FTEs was 2,786, including 1,522 branch-related FTEs. Our employees are not represented by a collective bargaining unit, and we consider our relationship with our employees to be good.

Federal, State, and Local Taxation

The Company is subject to federal, state, and local income taxes. See the discussion of “Income Taxes” in “Critical Accounting Policies” in Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” later in this annual report.

Regulation and Supervision

General

The Bank is a New York State-chartered savings bank and its deposit accounts are insured under the DIF of the FDIC up to applicable legal limits. For the fiscal year ended December 31, 2019, the Bank was subject to regulation and supervision by the NYSDFS, as its chartering agency; by the FDIC, as its insurer of deposits; and by the CFPB.

The Bank is required to file reports with the NYSDFS, the FDIC, and the CFPB concerning its activities and financial condition, and is periodically examined by the NYSDFS, the FDIC, and the CFPB to assess compliance with various regulatory requirements, including with respect to safety and soundness and consumer financial protection regulations. The regulatory structure gives the regulatory authorities extensive discretion in connection with their supervisory and enforcement activities and examination policies, including policies with respect to the classification of assets and the establishment of an adequate loan loss allowance for regulatory purposes. Changes in such regulations or in banking legislation could have a material impact on the Company, the Bank, and their operations, as well as the Company’s shareholders.

The Company is subject to examination, regulation, and periodic reporting under the Bank Holding Company Act of 1956, as amended (the “BHCA”) by the FRB. Furthermore, the Company would be required to obtain the prior approval of the FRB to acquire all, or substantially all, of the assets of any bank or bank holding company.

In addition, the Company is periodically examined by the

FRB-NY,

and is required to file certain reports under, and otherwise comply with, the rules and regulations of the SEC under federal securities laws. Certain of the regulatory requirements applicable to the Bank and the Company are referred to below or elsewhere herein. However, such discussion is not meant to be a complete explanation of all laws and regulations, and is qualified in its entirety by reference to the actual laws and regulations.

10

---

Table of Contents

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

PART II

ITEM 5.

MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS, AND ISSUER PURCHASES OF EQUITY SECURITIES

 

The common stock of New York Community Bancorp, Inc. trades on the New York Stock Exchange (the “NYSE”) under the symbol “NYCB.”

At December 31, 2019, the number of outstanding shares was 467,346,781 and the number of registered owners was approximately 11,042. The latter figure does not include those investors whose shares were held for them by a bank or broker at that date.

Stock Performance Graph

The following graph compares the cumulative total return on the Company’s stock in the five years ended December 31, 2019 with the cumulative total returns on a broad market index (the S&P

Mid-Cap

400 Index) and a peer group index (the SNL U.S. Bank and Thrift Index) during the same time. The S&P

Mid-Cap

400 Index was chosen as the broad market index in connection with the Company’s trading activity on the NYSE; the SNL U.S. Bank and Thrift Index currently is comprised of 386 bank and thrift institutions, including the Company. S&P Global Market Intelligence provided us with the data for both indices.

The performance graph is being furnished solely to accompany this report pursuant to Item 201(e) of Regulation

S-K,

and is not being filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and is not to be incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

The cumulative total returns are based on the assumption that $100.00 was invested in each of the three investments on December 31, 2014 and that all dividends paid since that date were reinvested. Such returns are based on historical results and are not intended to suggest future performance.

Comparison of

5-Year

Cumulative Total Return

Among New York Community Bancorp, Inc.,

S&P

Mid-Cap

400 Index, and SNL U.S. Bank and Thrift Index

 

32

---

Table of Contents

ASSUMES $100 INVESTED ON DECEMBER 31, 2014

ASSUMES DIVIDEND REINVESTED

FISCAL YEAR ENDING DECEMBER 31, 2019

		12/31/2014				12/31/2015				12/31/2016				12/31/2017				12/31/2018				12/31/2019
New York Community Bancorp, Inc.		$	100.00			$	108.22			$	110.55			$	95.20			$	73.09			$	98.99
S&P Mid-Cap 400 Index		$	100.00			$	97.82			$	118.11			$	137.30			$	122.08			$	154.07
SNL U.S. Bank and Thrift Index		$	100.00			$	102.02			$	128.80			$	151.45			$	125.81			$	170.04

 

33

---

Table of Contents

Share Repurchases

Shares Repurchased Pursuant to the Company’s Stock-Based Incentive Plans

Participants in the Company’s stock-based incentive plans may have shares of common stock withheld to fulfill the income tax obligations that arise in connection with their exercise of stock options and the vesting of their stock awards. Shares that are withheld for this purpose are repurchased pursuant to the terms of the applicable stock-based incentive plan, rather than pursuant to the share repurchase program authorized by the Board of Directors described below.

Shares Repurchased Pursuant to the Board of Directors’ Share Repurchase Authorization

On October 23, 2018, the Board of Directors authorized the repurchase of up to $300 million of the Company’s common stock. Under said authorization, shares may be repurchased on the open market or in privately negotiated transactions.

Shares that are repurchased pursuant to the Board of Directors’ authorization, and those that are repurchased pursuant to the Company’s stock-based incentive plans, are held in our Treasury account and may be used for various corporate purposes, including, but not limited to, merger transactions and the vesting of restricted stock awards.

As indicated in the table below, during the twelve months ended December 31, 2019, the Company allocated 769,111 shares or $8.1 million toward the repurchase of shares tied to its stock-based incentive plans. Also, during the first quarter of the year, the Company repurchased $67.1 million or 7.1 million shares of its common stock under its authorized share repurchase program, leaving $72.1 million remaining under the repurchase authorization at December 31, 2019.

(dollars in thousands, except per share data)
Period		Total Shares of Common Stock Repurchased				Average Price Paid per Common Share				Total Allocation
First Quarter 2019			7,816,228				$  9.57			$	74,788
Second Quarter 2019			3,485				11.14				39
Third Quarter 2019			31,059				11.10				345
Fourth Quarter 2019:
October			232				13.02				3
November			3,018				12.02				36
December			829				10.53				9
Total Fourth Quarter 2019			4,079				11.78				48
2019 Total			7,854,851				9.58			$	75,220

 

34

---

Table of Contents

ITEM 6.

SELECTED FINANCIAL DATA

 

		At or For the Years Ended December 31,
(dollars in thousands, except share data)		2019				2018				2017				2016				2015
EARNINGS SUMMARY:
Net interest income  (1)		$	957,400			$	1,030,995			$	1,130,003			$	1,287,382			$	408,075
Provision for (recovery of) losses on non-covered loans			7,105				18,256				60,943				11,874				(3,334	)
Recovery of losses on covered loans			—				—				(23,701	)			(7,694	)			(11,670	)
Non-interest income			84,230				91,558				216,880				145,572				210,763
Non-interest expense:
Operating expenses  (2)			511,218				546,628				641,218				638,109				615,600
Amortization of core deposit intangibles			—				—				208				2,391				5,344
Debt repositioning charge			—				—				—				—				141,209
Merger-related expenses			—				—				—				11,146				3,702
Total non-interest expense			511,218				546,628				641,426				651,646				765,855
Income tax expense (benefit)			128,264				135,252				202,014				281,727				(84,857	)
Net income (loss)  (3)			395,043				422,417				466,201				495,401				(47,156	)
Basic earnings (loss) per common share  (3)		$	0.77			$	0.79			$	0.90			$	1.01			$	(0.11	)
Diluted earnings (loss) per common share  (3)			0.77				0.79				0.90				1.01				(0.11	)
Dividends paid per common share			0.68				0.68				0.68				0.68				1.00
SELECTED RATIOS:
Return on average assets  (3)			0.76	%			0.84	%			0.96	%			1.00	%			(0.10	)%
Return on average common stockholders’     equity   (3)			5.88				6.20				7.12				8.19				(0.81	)
Average common stockholders’ equity to average assets			11.82				12.51				12.76				12.28				11.90
Operating expenses to average assets  (2)			0.98				1.09				1.32				1.29				1.26
Efficiency ratio  (1)(2)			49.08				48.70				47.61				44.53				99.48
Net interest rate spread  (1)			1.79				2.06				2.47				2.85				0.69
Net interest margin  (1)			2.02				2.25				2.59				2.93				0.94
Dividend payout ratio			88.31				86.08				75.56				67.33				—
BALANCE SHEET SUMMARY:
Total assets		$	53,640,821			$	51,899,376			$	49,124,195			$	48,926,555			$	50,317,796
Loans, net of allowance for loan losses			41,746,517				40,006,088				38,265,183				39,308,016				38,011,995
Allowance for losses on non-covered loans			147,638				159,820				158,046				158,290				147,124
Allowance for losses on covered loans			—				—				—				23,701				31,395
Securities			5,885,887				5,644,071				3,531,427				3,817,057				6,173,645
Deposits			31,657,132				30,764,430				29,102,163				28,887,903				28,426,758
Borrowed funds			14,557,593				14,207,866				12,913,679				13,673,379				15,748,405
Common stockholders’ equity			6,208,854				6,152,395				6,292,536				6,123,991				5,934,696
Common shares outstanding			467,346,781				473,536,604				488,490,352				487,056,676				484,943,308
Book value per common share		$	13.29			$	12.99			$	12.88			$	12.57			$	12.24
Common stockholders’ equity to total assets			11.57	%			11.85	%			12.81	%			12.52	%			11.79	%
ASSET QUALITY RATIOS (excluding covered assets and non-covered purchased credit-impaired loans):
Non-performing non-covered loans to total non-covered loans			0.15	%			0.11	%			0.19	%			0.15	%			0.13	%
Non-performing non-covered assets to total non-covered assets			0.14				0.11				0.18				0.14				0.13
Allowance for losses on non-covered loans to non-performing non-covered loans			241.07				351.21				214.50				277.19				310.08
Allowance for losses on non-covered loans to total non-covered loans			0.35				0.40				0.41				0.42				0.41
Net charge-offs (recoveries) to average loans  (4)			0.05				0.04				0.16				0.00				(0.02	)

 

(1)	The 2015 amount reflects the impact of a $773.8 million debt repositioning charge recorded as interest expense in the fourth quarter of the year.

 

(2)	The 2015 amount includes state and local non-income taxes of $5.4 million resulting from the debt repositioning charge.

 

(3)	The 2015 amount reflects the $546.8 million after-tax impact of the debt repositioning charge recorded as interest expense and non-interest expense, combined.

 

(4)	Average loans include covered loans.

 

35

---

Table of Contents