Segment Information (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Financial Information by Business Segment

The following tables present financial information by business segment for the periods indicated:

	Year Ended December 31, 2019
	Community Banking			Mortgage Originations			Mortgage Servicing			Other (1)			Total
	(Dollars in millions)
Summary of Operations
Net interest income	$	449		$	106		$	16		$	(9	)	$	562
Provision (benefit) for loan losses	20			2			—			(4		)	18
Net interest income after provision (benefit) for loan losses	429			104			16			(5		)	544
Net gain on loan sales	(29		)	364			—			—			335
Loan fees and charges	(1		)	69			32			—			100
Loan administration income	(5		)	(22		)	124			(67		)	30
Net return on mortgage servicing rights	—			6			—			—			6
Other noninterest income	64			10			—			65			139
Total noninterest income	29			427			156			(2		)	610
Compensation and benefits	100			114			28			135			377
Commissions	2			109			—			—			111
Loan processing expense	7			35			36			2			80
Other noninterest expense	167			88			59			6			320
Total noninterest expense	276			346			123			143			888
Income before indirect overhead allocations and income taxes	182			185			49			(150		)	266
Indirect overhead allocation Income (expense)	(41		)	(42		)	(18		)	101			—
Provision (benefit) for income taxes	30			29			6			(17		)	48
Net income (loss)	$	111		$	114		$	25		$	(32	)	$	218
Intersegment (expense) revenue	$	(19	)	$	29		$	26		$	(36	)	$	—
Average balances
Loans held-for-sale	$	32		$	3,920		$	—		$	—		$	3,952
Loans with government guarantees	—			553			—			—			553
Loans held-for-investment (2)	10,910			24			—			(2		)	10,932
Total assets	11,378			5,408			47			3,840			20,673
Deposits	10,301			—			3,850			556			14,707

(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.

	Year Ended December 31, 2018
	Community Banking			Mortgage Originations			Mortgage Servicing			Other (1)			Total
	(Dollars in millions)
Summary of Operations
Net interest income	$	314		$	128		$	7		$	48		$	497
Provision (benefit) for loan losses	2			2			—			(12		)	(8		)
Net interest income after provision (benefit) for loan losses	312			126			7			60			505
Net gain on loan sales	(12		)	212			—			—			200
Loan fees and charges	(1		)	63			25			—			87
Loan administration income	(3		)	(14		)	69			(29		)	23
Net return on mortgage servicing rights	—			36			—			—			36
Other noninterest income	44			16			—			33			93
Total noninterest income	28			313			94			4			439
Compensation and benefits	70			105			19			124			318
Commissions	2			78			—			—			80
Loan processing expense	5			25			26			3			59
Other noninterest expense	103			58			44			50			255
Total noninterest expense	180			266			89			177			712
Income before indirect overhead allocations and income taxes	160			173			12			(113		)	232
Indirect overhead allocation	(39		)	(68		)	(20		)	127			—
Provision (benefit) for income taxes	25			22			(2		)	—			45
Net income (loss)	$	96		$	83		$	(6	)	$	14		$	187
Intersegment (expense) revenue	$	1		$	10		$	19		$	(30	)	$	—
Average balances
Loans held-for-sale	$	24		$	4,172		$	—		$	—		$	4,196
Loans with government guarantees	—			303			—			—			303
Loans held-for-investment (2)	8,417			9			—			29			8,455
Total assets	8,615			5,406			34			3,925			17,980
Deposits	8,892			—			1,883			—			10,775

(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.

	Year Ended December 31, 2017
	Community Banking			Mortgage Originations			Mortgage Servicing			Other (1)			Total
	(Dollars in millions)
Summary of Operations
Net interest income	$	238		$	129		$	11		$	12		$	390
Provision (benefit) for loan losses	4			4			—			(2		)	6
Net interest income after provision (benefit) for loan losses	234			125			11			14			384
Net gain on loan sales	(10		)	278			—			—			268
Loan fees and charges	—			67			15			—			82
Loan administration income	—			(18		)	39			—			21
Net return on mortgage servicing rights	—			22			—			—			22
Other noninterest income	31			21			12			13			77
Total noninterest income	21			370			66			13			470
Compensation and benefits	62			100			16			121			299
Commissions	—			72			—			—			72
Loan processing expense	5			26			22			4			57
Other noninterest expense	87			65			39			24			215
Total noninterest expense	154			263			77			149			643
Income before indirect overhead allocations and income taxes	101			232			—			(122		)	211
Indirect overhead allocation	(41		)	(63		)	(23		)	127			—
Provision (benefit) for income taxes	21			59			(8		)	76			148
Net income (loss)	$	39		$	110		$	(15	)	$	(71	)	$	63
Intersegment (expense) revenue	$	(6	)	$	4		$	19		$	(17	)	$	—
Average balances
Loans held-for-sale	$	16		$	4,130		$	—		$	—		$	4,146
Loans with government guarantees	—			290			—			—			290
Loans held-for-investment (2)	6,475			7			—			29			6,511
Total assets	6,544			5,414			36			3,852			15,846
Deposits	7,454			—			1,453			—			8,907

(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.