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SECURITIES (Tables)
 9 Months Ended
Sep. 30, 2022
Investments, Debt and Equity Securities [Abstract]  
Schedule of Amortized Cost and Fair Value of Securities Available for Sale
The amortized cost and fair value of AFS debt securities are presented in the table below. There was no ACL in the AFS portfolio at September 30, 2022 and December 31, 2021. Accrued interest receivable on AFS debt securities totaled $9.1 million and $7.3 million at September 30, 2022 and December 31, 2021, respectively, and is excluded from the estimate of credit losses and assessed separately in other assets in the Consolidated Balance Sheets. Accordingly, we have excluded accrued interest receivable from both the fair value and the amortized cost basis of AFS debt securities.
TABLE 4.1
(in millions)Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair
 Value
Debt Securities AFS:
September 30, 2022
U.S. Treasury$279 $— $(23)$256 
U.S. government agencies116 1 — 117 
U.S. government-sponsored entities284 — (23)261 
Residential mortgage-backed securities:
Agency mortgage-backed securities1,427 — (147)1,280 
Agency collateralized mortgage obligations1,158 — (136)1,022 
Commercial mortgage-backed securities442 — (35)407 
States of the U.S. and political subdivisions (municipals)33 — (4)29 
Other debt securities21 — (1)20 
Total debt securities AFS$3,760 $1 $(369)$3,392 
(in millions)Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair
 Value
Debt Securities AFS:
December 31, 2021
U.S. Treasury$205 $— $(1)$204 
U.S. government agencies154 1 — 155 
U.S. government-sponsored entities194 — (2)192 
Residential mortgage-backed securities:
Agency mortgage-backed securities1,342 19 (4)1,357 
Agency collateralized mortgage obligations1,192 11 (17)1,186 
Commercial mortgage-backed securities294 5 (2)297 
States of the U.S. and political subdivisions (municipals)33 — — 33 
Other debt securities2 — — 2 
Total debt securities AFS$3,416 $36 $(26)$3,426 
Schedule of Amortized Cost and Fair Value of Securities Held to Maturity The amortized cost and fair value of HTM debt securities are presented in the table below. The ACL for the HTM portfolio was $0.12 million and $0.05 million at September 30, 2022 and December 31, 2021, respectively. Accrued interest receivable on HTM debt securities totaled $11.9 million and $12.3 million at September 30, 2022 and December 31, 2021, respectively, and is excluded from the estimate of credit losses and assessed separately in other assets in the Consolidated Balance Sheets. Accordingly, we have excluded accrued interest receivable from both the fair value and the amortized cost basis of HTM debt securities.
TABLE 4.2
(in millions)Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair
 Value
Debt Securities HTM:
September 30, 2022
U.S. government agencies$1 $— $— $1 
Residential mortgage-backed securities:
Agency mortgage-backed securities1,183 — (143)1,040 
Agency collateralized mortgage obligations992 — (117)875 
Commercial mortgage-backed securities668 — (50)618 
States of the U.S. and political subdivisions (municipals)971 — (160)811 
Other debt securities5 — (1)4 
Total debt securities HTM$3,820 $— $(471)$3,349 
(in millions)Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair
 Value
Debt Securities HTM:
December 31, 2021
U.S. Treasury$1 $— $— $1 
U.S. government agencies1 — — 1 
Residential mortgage-backed securities:
Agency mortgage-backed securities1,191 15 (5)1,201 
Agency collateralized mortgage obligations930 5 (12)923 
Commercial mortgage-backed securities323 3 (2)324 
States of the U.S. and political subdivisions (municipals)1,017 39 — 1,056 
Total debt securities HTM$3,463 $62 $(19)$3,506 
Amortized Cost and Fair Value of Securities, by Contractual Maturities
As of September 30, 2022, the amortized cost and fair value of debt securities, by contractual maturities, were as follows:
TABLE 4.3
Available for SaleHeld to Maturity
(in millions)Amortized
Cost		Fair
Value		Amortized
Cost		Fair
Value
Due in one year or less$14 $14 $1 $1 
Due after one year but within five years577 530 31 29 
Due after five years but within ten years96 94 152 136 
Due after ten years46 45 793 650 
733 683 977 816 
Residential mortgage-backed securities:
Agency mortgage-backed securities1,427 1,280 1,183 1,040 
Agency collateralized mortgage obligations1,158 1,022 992 875 
Commercial mortgage-backed securities442 407 668 618 
Total debt securities$3,760 $3,392 $3,820 $3,349 
Schedule of Securities Pledged as Collateral
Following is information relating to securities pledged:
TABLE 4.4
(dollars in millions)September 30,
2022		December 31,
2021
Securities pledged (carrying value):
To secure public deposits, trust deposits and for other purposes as required by law$6,534 $5,660 
As collateral for short-term borrowings363 392 
Securities pledged as a percent of total securities95.6 %87.9 %
Summaries of Fair Values and Unrealized Losses of Impaired Securities, Segregated by Length of Impairment
Following are summaries of the fair values of AFS debt securities in an unrealized loss position for which an ACL has not been recorded, segregated by security type and length of time in a continuous loss position:

TABLE 4.5
Less than 12 Months12 Months or MoreTotal
(dollars in millions)#Fair
 Value		Unrealized
Losses		#Fair
 Value		Unrealized
Losses		#Fair
 Value		Unrealized
Losses
Debt Securities AFS
September 30, 2022
U.S. Treasury5 $212 $(17)1 $44 $(6)6 $256 $(23)
U.S. government agencies2 17 — 8 4 — 10 21 — 
U.S. government-sponsored entities11 195 (14)3 66 (9)14 261 (23)
Residential mortgage-backed securities:
Agency mortgage-backed securities112 961 (94)9 315 (53)121 1,276 (147)
Agency collateralized mortgage obligations59 658 (68)14 364 (68)73 1,022 (136)
Commercial mortgage-backed securities18 345 (26)3 62 (9)21 407 (35)
States of the U.S. and political subdivisions (municipals)9 20 (2)5 9 (2)14 29 (4)
Other debt securities7 16 (1)1 2 — 8 18 (1)
Total 223 $2,424 $(222)44 $866 $(147)267 $3,290 $(369)
Less than 12 Months12 Months or MoreTotal
(dollars in millions)#Fair
 Value		Unrealized
Losses		#Fair
 Value		Unrealized
Losses		#Fair
 Value		Unrealized
Losses
Debt Securities AFS
December 31, 2021
U.S. Treasury3 $151 $(1)— $— $— 3 $151 $(1)
U.S. government agencies3 22 — 9 8 — 12 30 — 
U.S. government-sponsored entities3 99 (1)1 24 (1)4 123 (2)
Residential mortgage-backed securities:
Agency mortgage-backed securities13 599 (4)— — — 13 599 (4)
Agency collateralized mortgage obligations23 659 (15)3 68 (2)26 727 (17)
Commercial mortgage-backed securities5 125 (2)— — — 5 125 (2)
States of the U.S. and political subdivisions (municipals)10 24 — — — — 10 24 — 
Other debt securities— — — 1 2 — 1 2 — 
Total60 $1,679 $(23)14 $102 $(3)74 $1,781 $(26)