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Consolidated Statements of Financial Condition - USD ($)
$ in Millions
Jun. 30, 2019
Dec. 31, 2018
Assets    
Cash $ 268 $ 260
Interest-earning deposits 51 148
Total cash and cash equivalents 319 408
Investment securities available-for-sale 1,718 2,142
Investment securities held-to-maturity 661 703
Loans held-for-sale ($3,317 and $3,732 measured at fair value, respectively) 3,345 3,869
Loans held-for-investment ($9 and $10 measured at fair value, respectively) 11,655 9,088
Loans with government guarantees 507 392
Less: allowance for loan losses (110) (128)
Total loans held-for-investment and loans with government guarantees, net 12,052 9,352
Mortgage servicing rights 316 290
Net deferred tax asset 71 103
Federal Home Loan Bank stock 303 303
Premises and equipment, net 415 390
Goodwill and intangible assets 178 190
Other assets 828 781
Total assets 20,206 18,531
Liabilities and Stockholders’ Equity    
Noninterest-bearing deposits 4,784 2,989
Interest-bearing deposits 9,632 9,391
Total deposits 14,416 12,380
Short-term Federal Home Loan Bank advances and other 2,550 3,244
Long-term Federal Home Loan Bank advances 500 150
Other long-term debt 495 495
Other liabilities ($35 and $60 measured at fair value, respectively) 589 692
Total liabilities 18,550 16,961
Stockholders’ Equity    
Common stock $0.01 par value, 80,000,000 and 80,000,000 shares authorized; 56,483,937 and 57,749,464 shares issued and outstanding, respectively 1 1
Additional paid in capital 1,477 1,522
Accumulated other comprehensive (loss) income (8) (47)
Retained earnings 186 94
Total stockholders’ equity 1,656 1,570
Total liabilities and stockholders’ equity $ 20,206 $ 18,531