XML 98 R86.htm IDEA: XBRL DOCUMENT v3.20.2
Segment Information (Details)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
USD ($)
Sep. 30, 2019
USD ($)
Sep. 30, 2020
USD ($)
segments
Sep. 30, 2019
USD ($)
Segment Reporting [Abstract]        
Number of operating segments | segments     3  
Summary of Operations        
Net interest income $ 180 $ 146 $ 496 $ 410
Provision (benefit) for credit losses 32 1 148 18
Net interest income after provision for credit losses 148 145 348 392
Net gain on loan sales 346 110 739 234
Loan fees and charges 45 29 112 70
Net return on mortgage servicing rights 12 (2) 10 9
Loan administrative (expense) income 26 5 59 22
Other noninterest income 23 29 68 113
Total noninterest income 452 171 988 448
Compensation and benefits 123 98 341 275
Commissions 72 38 162 76
Loan processing expense 24 22 69 60
Other noninterest expense 86 80 265 232
Total noninterest expense 305 238 837 643
Income (loss) before indirect overhead allocations and income taxes 295 78 499 197
Indirect overhead allocation income (expense) 0 0 0 0
Provision (benefit) for income taxes 73 15 115 37
Net income 222 63 384 160
Average balances        
Loans held-for-sale 5,602 3,786 5,499 3,532
Loans with government guarantees 2,122 574 1,267 511
Loans held-for-investment 14,839 11,743 13,424 10,516
Total assets 28,277 21,197 25,992 19,877
Deposits 19,561 15,817 17,698 14,305
Other        
Summary of Operations        
Net interest income (32) (1) (60) 0
Provision (benefit) for credit losses 37 3 153 4
Net interest income after provision for credit losses (69) (4) (213) (4)
Net gain on loan sales 0 0 0 1
Loan fees and charges 0 1 0 0
Net return on mortgage servicing rights 0 0 0 0
Loan administrative (expense) income (3) (19) (26) (50)
Other noninterest income 5 9 20 58
Total noninterest income 2 (9) (6) 9
Compensation and benefits 41 35 118 100
Commissions 0 1 0 0
Loan processing expense 0 1 2 2
Other noninterest expense (30) (1) (137) 1
Total noninterest expense 11 36 (17) 103
Income (loss) before indirect overhead allocations and income taxes (78) (49) (202) (98)
Indirect overhead allocation income (expense) 33 24 91 73
Provision (benefit) for income taxes 2 (6) (13) (9)
Net income (47) (19) (98) (16)
Average balances        
Loans held-for-sale 0 0 0 0
Loans with government guarantees 0 0 0 0
Loans held-for-investment 30 29 29 29
Total assets 4,401 3,597 4,288 3,862
Deposits 967 748 767 522
Intersegment Eliminations        
Summary of Operations        
Intersegment (expense) revenue 24 (9) 116 (24)
Community Banking | Operating Segments        
Summary of Operations        
Net interest income 158 105 395 296
Provision (benefit) for credit losses (2) 0 3 17
Net interest income after provision for credit losses 160 105 392 279
Net gain on loan sales 2 (4) 2 (10)
Loan fees and charges 0 0 1 1
Net return on mortgage servicing rights 0 0 0 0
Loan administrative (expense) income (1) (1) (2) (3)
Other noninterest income 15 18 43 46
Total noninterest income 16 13 44 34
Compensation and benefits 28 27 79 77
Commissions 1 0 2 1
Loan processing expense 1 1 4 5
Other noninterest expense 63 42 231 125
Total noninterest expense 93 70 316 208
Income (loss) before indirect overhead allocations and income taxes 83 48 120 105
Indirect overhead allocation income (expense) (11) (10) (31) (30)
Provision (benefit) for income taxes 15 8 19 16
Net income 57 30 70 59
Average balances        
Loans held-for-sale 0 20 0 37
Loans with government guarantees 0 0 0 0
Loans held-for-investment 12,311 11,681 10,702 10,465
Total assets 12,603 12,184 11,100 10,950
Deposits 11,265 10,513 10,817 10,247
Community Banking | Intersegment Eliminations        
Summary of Operations        
Intersegment (expense) revenue (22) (6) (97) (14)
Mortgage Originations | Operating Segments        
Summary of Operations        
Net interest income 49 37 147 103
Provision (benefit) for credit losses (3) (2) (8) (3)
Net interest income after provision for credit losses 52 39 155 106
Net gain on loan sales 344 114 737 243
Loan fees and charges 29 20 68 47
Net return on mortgage servicing rights 12 (2) 10 9
Loan administrative (expense) income (10) (7) (25) (16)
Other noninterest income 3 2 5 9
Total noninterest income 378 127 795 292
Compensation and benefits 42 29 111 79
Commissions 71 37 160 75
Loan processing expense 15 10 39 23
Other noninterest expense 32 25 114 63
Total noninterest expense 160 101 424 240
Income (loss) before indirect overhead allocations and income taxes 270 65 526 158
Indirect overhead allocation income (expense) (18) (10) (45) (30)
Provision (benefit) for income taxes 53 11 101 26
Net income 199 44 380 102
Average balances        
Loans held-for-sale 5,602 3,766 5,499 3,495
Loans with government guarantees 2,122 574 1,267 511
Loans held-for-investment 2,498 33 2,693 22
Total assets 11,195 5,378 10,539 5,018
Deposits 0 0 0 0
Mortgage Originations | Intersegment Eliminations        
Summary of Operations        
Intersegment (expense) revenue (12) 8 (46) 19
Mortgage Servicing | Operating Segments        
Summary of Operations        
Net interest income 5 5 14 11
Provision (benefit) for credit losses 0 0 0 0
Net interest income after provision for credit losses 5 5 14 11
Net gain on loan sales 0 0 0 0
Loan fees and charges 16 8 43 22
Net return on mortgage servicing rights 0 0 0 0
Loan administrative (expense) income 40 32 112 91
Other noninterest income 0 0 0 0
Total noninterest income 56 40 155 113
Compensation and benefits 12 7 33 19
Commissions 0 0 0 0
Loan processing expense 8 10 24 30
Other noninterest expense 21 14 57 43
Total noninterest expense 41 31 114 92
Income (loss) before indirect overhead allocations and income taxes 20 14 55 32
Indirect overhead allocation income (expense) (4) (4) (15) (13)
Provision (benefit) for income taxes 3 2 8 4
Net income 13 8 32 15
Average balances        
Loans held-for-sale 0 0 0 0
Loans with government guarantees 0 0 0 0
Loans held-for-investment 0 0 0 0
Total assets 78 38 65 47
Deposits 7,329 4,556 6,114 3,536
Mortgage Servicing | Intersegment Eliminations        
Summary of Operations        
Intersegment (expense) revenue $ 10 $ 7 $ 27 $ 19