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Consolidated Statements of Financial Condition - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Assets    
Cash $ 198 $ 277
Interest-earning deposits 237 774
Total cash and cash equivalents 435 1,051
Investment securities available-for-sale 2,346 1,804
Investment securities held-to-maturity 173 205
Loans held-for-sale ($3,181 and $4,920 measured at fair value, respectively) 3,482 5,054
Loans held-for-investment 14,655 13,408
Loans with government guarantees 1,144 1,650
Less: allowance for loan losses (122) (154)
Total loans held-for-investment and loans with government guarantees, net 15,677 14,904
Mortgage servicing rights 622 392
Federal Home Loan Bank stock 329 377
Premises and equipment, net 354 360
Goodwill and intangible assets 142 147
Bank-owned life insurance 370 365
Other assets 969 824
Total assets 24,899 25,483
Liabilities and Stockholders’ Equity    
Noninterest bearing deposits 6,664 7,088
Interest bearing deposits 9,984 10,921
Total deposits 16,648 18,009
Short-term Federal Home Loan Bank advances and other 3,301 1,880
Long-term Federal Home Loan Bank advances 700 1,400
Other long-term debt 394 396
Other liabilities 1,163 1,080
Total liabilities 22,206 22,765
Commitments and contingencies (refer to Note 15)
Stockholders’ Equity    
Common stock $0.01 par value, 80,000,000 shares authorized; 53,329,993 and 53,197,650 shares issued and outstanding, respectively 1 1
Additional paid in capital 1,358 1,355
Accumulated other comprehensive (loss) income (99) 35
Retained earnings 1,433 1,327
Total stockholders’ equity 2,693 2,718
Total liabilities and stockholders’ equity $ 24,899 $ 25,483