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Consolidated Statements of Financial Condition - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Assets    
Cash $ 216 $ 220
Interest-earning deposits 126 206
Total cash and cash equivalents 342 426
Securitized HFS loans not sold 2,058 0
Investment securities available-for-sale 2,446 2,116
Investment securities held-to-maturity 554 598
Loans held-for-sale ($4,365 and $5,219 measured at fair value, respectively) 4,389 5,258
Loans held-for-investment ($12 and $12 measured at fair value, respectively) 13,795 12,129
Loans with government guarantees 814 736
Less: allowance for loan losses (132) (107)
Total loans held-for-investment and loans with government guarantees, net 14,477 12,758
Mortgage servicing rights 223 291
Federal Home Loan Bank stock 306 303
Premises and equipment, net 413 416
Goodwill and intangible assets 167 170
Other assets 1,430 930
Total assets 26,805 23,266
Liabilities and Stockholders’ Equity    
Noninterest bearing deposits 6,551 5,467
Interest bearing deposits 9,501 9,679
Total deposits 16,052 15,146
Short-term Federal Home Loan Bank advances and other 5,841 4,165
Long-term Federal Home Loan Bank advances 1,000 650
Other long-term debt 493 496
Other liabilities ($35 and $35 measured at fair value, respectively) 1,577 1,021
Total liabilities 24,963 21,478
Stockholders’ Equity    
Common stock $0.01 par value, 80,000,000 and 80,000,000 shares authorized; 56,729,789 and 56,631,236 shares issued and outstanding, respectively 1 1
Additional paid in capital 1,487 1,483
Accumulated other comprehensive income 31 1
Retained earnings 323 303
Total stockholders’ equity 1,842 1,788
Total liabilities and stockholders’ equity $ 26,805 $ 23,266