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Segment Information (Tables)
 6 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
Financial Information by Business Segment
The following tables present financial information by business segment for the periods indicated:
 
Three Months Ended June 30, 2019
 
Community Banking
 
Mortgage Originations
 
Mortgage Servicing
 
Other (1)
 
Total
 
(Dollars in millions)
Summary of Operations
 
 
 
 
 
 
 
 
 
Net interest income
$
108

 
$
23

 
$
3

 
$
4

 
$
138

Net gain (loss) on loan sales
(9
)
 
84

 
—

 
—

 
75

Other noninterest income (loss)
15

 
19

 
38

 
21

 
93

Total net interest income and noninterest income (loss)
114

 
126

 
41

 
25

 
306

(Provision) benefit for loan losses
(16
)
 
(1
)
 
—

 
—

 
(17
)
Compensation and benefits
(24
)
 
(28
)
 
(6
)
 
(32
)
 
(90
)
Other noninterest expense and directly allocated overhead
(46
)
 
(53
)
 
(24
)
 
(1
)
 
(124
)
Total noninterest expense
(70
)
 
(81
)
 
(30
)
 
(33
)
 
(214
)
Income (loss) before indirect overhead allocations and income taxes
28

 
44

 
11

 
(8
)
 
75

Overhead allocations
(10
)
 
(10
)
 
(4
)
 
24

 
—

(Provision) benefit for income taxes
(4
)
 
(7
)
 
(2
)
 
(1
)
 
(14
)
Net income (loss)
$
14

 
$
27

 
$
5

 
$
15

 
$
61

Intersegment (expense) revenue
$
(8
)
 
$
9

 
$
6

 
$
(7
)
 
$
—

 
 
 
 
 
 
 
 
 
 
Average balances
 
 
 
 
 
 
 
 
 
Loans held-for-sale
$
19

 
$
3,520

 
$
—

 
$
—

 
$
3,539

Loans with government guarantees
—

 
502

 
—

 
—

 
502

Loans held-for-investment (2)
10,594

 
21

 
—

 
29

 
10,644

Total assets
11,061

 
5,045

 
48

 
3,812

 
19,966

Deposits
10,238

 
—

 
3,501

 
421

 
14,160

(1)
Includes offsetting adjustments made to reclassify income and expenses relating to operating leases and custodial deposits for subservicing clients.
(2)
Includes adjustment made to reclassify operating lease assets to loans held-for-investment.
 
Three Months Ended June 30, 2018
 
Community Banking
 
Mortgage Originations
 
Mortgage Servicing
 
Other (1)
 
Total
 
(Dollars in millions)
Summary of Operations
 
 
 
 
 
 
 
 
 
Net interest income
$
78

 
$
33

 
$
1

 
$
3

 
$
115

Net gain (loss) on loan sales
(5
)
 
68

 
—

 
—

 
63

Other noninterest income
9

 
27

 
22

 
2

 
60

Total net interest income and noninterest income
82

 
128

 
23

 
5

 
238

(Provision) benefit for loan losses
—

 
(1
)
 
—

 
2

 
1

Compensation and benefits
(18
)
 
(28
)
 
(5
)
 
(29
)
 
(80
)
Other noninterest expense and directly allocated overhead
(27
)
 
(47
)
 
(15
)
 
(8
)
 
(97
)
Total noninterest expense
(45
)
 
(75
)
 
(20
)
 
(37
)
 
(177
)
Income (loss) before indirect overhead allocations and income taxes
37

 
52

 
3

 
(30
)
 
62

Overhead allocations
(9
)
 
(17
)
 
(5
)
 
31

 
—

(Provision) benefit for income taxes
(7
)
 
(7
)
 
2

 
—

 
(12
)
Net income (loss)
$
21

 
$
28

 
$
—

 
$
1

 
$
50

Intersegment (expense) revenue
$
(1
)
 
$
2

 
$
4

 
$
(5
)
 
$
—

 
 
 
 
 
 
 
 
 
 
Average balances
 
 
 
 
 
 
 
 
 
Loans held-for-sale
$
12

 
$
4,158

 
$
—

 
$
—

 
$
4,170

Loans with government guarantees
—

 
280

 
—

 
—

 
280

Loans held-for-investment (2)
8,378

 
9

 
—

 
29

 
8,416

Total assets
8,593

 
5,225

 
26

 
3,940

 
17,784

Deposits
8,632

 
—

 
1,782

 
—

 
10,414

(1)
Includes offsetting adjustments made to reclassify income and expenses relating to operating leases and custodial deposits for subservicing clients.
(2)
Includes adjustment made to reclassify operating lease assets to loans held-for-investment.
 
Six Months Ended June 30, 2019
 
Community Banking
 
Mortgage Originations
 
Mortgage Servicing
 
Other (1)
 
Total
 
(Dollars in millions)
Summary of Operations
 
 
 
 
 
 
 
 
 
Net interest income
$
211

 
$
46

 
$
6

 
$
1

 
$
264

Net gain (loss) on loan sales
(15
)
 
139

 
—

 
—

 
124

Other noninterest income
27

 
35

 
73

 
18

 
153

Total net interest income and noninterest income
223

 
220

 
79

 
19

 
541

(Provision) benefit for loan losses
(17
)
 
(1
)
 
—

 
1

 
(17
)
Compensation and benefits
(48
)
 
(52
)
 
(12
)
 
(65
)
 
(177
)
Other noninterest expense and directly allocated overhead
(87
)
 
(89
)
 
(49
)
 
(3
)
 
(228
)
Total noninterest expense
(135
)
 
(141
)
 
(61
)
 
(68
)
 
(405
)
Income (loss) before indirect overhead allocations and income taxes
71

 
78

 
18

 
(48
)
 
119

Overhead allocations
(20
)
 
(20
)
 
(9
)
 
49

 
—

(Provision) benefit for income taxes
(11
)
 
(12
)
 
(2
)
 
3

 
(22
)
Net income (loss)
$
40

 
$
46

 
$
7

 
$
4

 
$
97

Intersegment (expense) revenue
$
(12
)
 
$
16

 
$
12

 
$
(16
)
 
$
—

 
 
 
 
 
 
 
 
 
 
Average balances
 
 
 
 
 
 
 
 
 
Loans held-for-sale
$
45

 
$
3,358

 
$
—

 
$
—

 
$
3,403

Loans with government guarantees
—

 
478

 
—

 
—

 
478

Loans held-for-investment (2)
9,879

 
17

 
—

 
29

 
9,925

Total assets
10,323

 
4,836

 
52

 
3,995

 
19,206

Deposits
10,112

 
—

 
3,017

 
407

 
13,536

(1)
Includes offsetting adjustments made to reclassify income and expenses relating to operating leases and custodial deposits for subservicing clients.
(2)
Includes adjustment made to reclassify operating lease assets to loans held-for-investment.
 
Six Months Ended June 30, 2018
 
Community Banking
 
Mortgage Originations
 
Mortgage Servicing
 
Other (1)
 
Total
 
(Dollars in millions)
Summary of Operations
 
 
 
 
 
 
 
 
 
Net interest income
$
147

 
$
64

 
$
3

 
$
7

 
$
221

Net gain (loss) on loan sales
(7
)
 
130

 
—

 
—

 
123

Other noninterest income
17

 
46

 
41

 
7

 
111

Total net interest income and noninterest income
157

 
240

 
44

 
14

 
455

(Provision) benefit for loan losses
(1
)
 
(1
)
 
—

 
3

 
1

Compensation and benefits
(35
)
 
(57
)
 
(9
)
 
(59
)
 
(160
)
Other noninterest expense and directly allocated overhead
(53
)
 
(88
)
 
(31
)
 
(18
)
 
(190
)
Total noninterest expense
(88
)
 
(145
)
 
(40
)
 
(77
)
 
(350
)
Income (loss) before indirect overhead allocations and income taxes
68

 
94

 
4

 
(60
)
 
106

Overhead allocations
(20
)
 
(35
)
 
(10
)
 
65

 
—

(Provision) benefit for income taxes
(11
)
 
(12
)
 
2

 
—

 
(21
)
Net income (loss)
$
37

 
$
47

 
$
(4
)
 
$
5

 
$
85

Intersegment (expense) revenue
$
(2
)
 
$
2

 
$
9

 
$
(9
)
 
$
—

 
 
 
 
 
 
 
 
 
 
Average balances
 
 
 
 
 
 
 
 
 
Loans held-for-sale
$
12

 
$
4,189

 
$
—

 
$
—

 
$
4,201

Loans with government guarantees
—

 
285

 
—

 
—

 
285

Loans held-for-investment (2)
7,936

 
8

 
—

 
29

 
7,973

Total assets
8,117

 
5,375

 
31

 
3,916

 
17,439

Deposits
8,145

 
—

 
1,662

 
88

 
9,895

(1)
Includes offsetting adjustments made to reclassify income and expenses relating to operating leases and custodial deposits for subservicing clients.
(2)
Includes adjustment made to reclassify operating lease assets to loans held-for-investment.