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Consolidated Statements of Financial Condition - USD ($)
$ in Millions
Mar. 31, 2019
Dec. 31, 2018
Assets    
Cash $ 268 $ 260
Interest-earning deposits 122 148
Total cash and cash equivalents 390 408
Investment securities available-for-sale 2,142 2,142
Investment securities held-to-maturity 683 703
Loans held-for-sale ($3,846 and $3,732 measured at fair value, respectively) 3,874 3,869
Loans held-for-investment ($10 and $10 measured at fair value, respectively) 9,936 9,088
Loans with government guarantees 470 392
Less: allowance for loan losses (127) (128)
Total loans held-for-investment and loans with government guarantees, net 10,279 9,352
Mortgage servicing rights 278 290
Net deferred tax asset 90 103
Federal Home Loan Bank stock 303 303
Premises and equipment, net 414 390
Goodwill and intangible assets 182 190
Other assets 810 781
Total assets 19,445 18,531
Liabilities and Stockholders’ Equity    
Noninterest bearing deposits 4,016 2,989
Interest bearing deposits 9,437 9,391
Total deposits 13,453 12,380
Short-term Federal Home Loan Bank advances and other 3,101 3,244
Long-term Federal Home Loan Bank advances 250 150
Other long-term debt 495 495
Other liabilities ($60 and $60 measured at fair value, respectively) 572 692
Total liabilities 17,871 16,961
Stockholders’ Equity    
Common stock $0.01 par value, 80,000,000 and 80,000,000 shares authorized; 56,480,086 and 57,749,464 shares issued and outstanding, respectively 1 1
Additional paid in capital 1,476 1,522
Accumulated other comprehensive (loss) income (31) (47)
Retained earnings 128 94
Total stockholders’ equity 1,574 1,570
Total liabilities and stockholders’ equity $ 19,445 $ 18,531