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SECURITIES (Tables)
 12 Months Ended
Dec. 31, 2024
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 associated with the AFS portfolio at December 31, 2024 and December 31, 2023. Accrued interest receivable on AFS debt securities totaled $14.3 million and $9.6 million at December 31, 2024 and 2023, 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 amortized cost basis of AFS debt securities.
TABLE 3.1
(in millions)Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair
Value
Debt Securities AFS:
December 31, 2024
U.S. Treasury$274 $1 $(1)$274 
U.S. government agencies53 — — 53 
U.S. government-sponsored enterprises302 — (2)300 
Residential MBS:
Agency MBS714 — (20)694 
Agency collateralized mortgage obligations796 — (98)698 
Agency commercial MBS1,420 3 (35)1,388 
States of the U.S. and political subdivisions (municipals)24 — (2)22 
Other debt securities37 — — 37 
Total debt securities AFS$3,620 $4 $(158)$3,466 
(in millions)Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair
 Value
Debt Securities AFS:
December 31, 2023
U.S. Treasury$422 $— $(2)$420 
U.S. government agencies78 1 — 79 
U.S. government-sponsored enterprises227 — (4)223 
Residential MBS:
Agency MBS814 — (62)752 
Agency collateralized mortgage obligations946 — (114)832 
Agency commercial MBS905 9 (30)884 
States of the U.S. and political subdivisions (municipals)30 — (3)27 
Other debt securities38 — (1)37 
Total debt securities AFS$3,460 $10 $(216)$3,254 
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 following table. The ACL for the HTM portfolio was $0.25 million and $0.28 million at December 31, 2024 and 2023, respectively. Accrued interest receivable on HTM debt securities totaled $14.6 million and $14.7 million at December 31, 2024 and 2023, 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 amortized cost basis of HTM debt securities.
TABLE 3.2
(in millions)Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair
 Value
Debt Securities HTM:
December 31, 2024
U.S. Treasury$1 $— $— $1 
U.S. government-sponsored enterprises29 — — 29 
Residential MBS:
Agency MBS901 1 (96)806 
Agency collateralized mortgage obligations714 — (95)619 
Agency commercial MBS1,326 2 (44)1,284 
States of the U.S. and political subdivisions (municipals)992 — (103)889 
Other debt securities16 — — 16 
Total debt securities HTM$3,979 $3 $(338)$3,644 
(in millions)Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair
 Value
Debt Securities HTM:
December 31, 2023
U.S. government agencies$1 $— $— $1 
U.S. government-sponsored enterprises68 — — 68 
Residential MBS:
Agency MBS1,057 2 (101)958 
Agency collateralized mortgage obligations824 — (104)720 
Agency commercial MBS929 4 (43)890 
States of the U.S. and political subdivisions (municipals)1,017 2 (77)942 
Other debt securities15 — (1)14 
Total debt securities HTM$3,911 $8 $(326)$3,593 
Schedule of Amortized Cost and Fair Value of Securities, by Contractual Maturities
As of December 31, 2024, the amortized cost and fair value of debt securities, by contractual maturities, were as follows:
TABLE 3.3
Available for SaleHeld to Maturity
(in millions)Amortized
Cost		Fair
Value		Amortized
Cost		Fair
Value
Due in one year or less$162 $161 $34 $34 
Due after one year but within five years482 481 70 65 
Due after five years but within ten years21 20 223 207 
Due after ten years25 24 711 629 
690 686 1,038 935 
Residential MBS:
Agency MBS714 694 901 806 
Agency collateralized mortgage obligations796 698 714 619 
Agency commercial MBS1,420 1,388 1,326 1,284 
Total debt securities$3,620 $3,466 $3,979 $3,644 
Schedule of Securities Pledged as Collateral
Following is information relating to securities pledged:
TABLE 3.4
December 3120242023
(dollars in millions)
Securities pledged (carrying value):
To secure public deposits, trust deposits and for other purposes as required by law$6,271 $6,190 
As collateral for short-term borrowings182 250 
Securities pledged as a percent of total securities86.7 %89.9 %
Schedule 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 3.5
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
December 31, 2024
U.S. Treasury3 $74 $(1)2 $75 $— 5 $149 $(1)
U.S. government agencies6 11 — 12 25 — 18 36 — 
U.S. government-sponsored enterprises2 75 — 7 126 (2)9 201 (2)
Residential MBS:
Agency MBS9 235 (1)92 355 (19)101 590 (20)
Agency collateralized mortgage obligations— — — 66 698 (98)66 698 (98)
Agency commercial MBS23 709 (8)20 359 (27)43 1,068 (35)
States of the U.S. and political subdivisions (municipals)— — — 10 22 (2)10 22 (2)
Other debt securities— — — 4 10 — 4 10 — 
Total 43 $1,104 $(10)213 $1,670 $(148)256 $2,774 $(158)
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, 2023
U.S. Treasury— $— $— 2 $73 $(2)2 $73 $(2)
U.S. government agencies2 4 — 12 36 — 14 40 — 
U.S. government-sponsored enterprises1 25 — 7 123 (4)8 148 (4)
Residential MBS:
Agency MBS— — — 104 750 (62)104 750 (62)
Agency collateralized mortgage obligations— — — 71 832 (114)71 832 (114)
Agency commercial MBS1 32 — 20 377 (30)21 409 (30)
States of the U.S. and political subdivisions (municipals)— — — 13 27 (3)13 27 (3)
Other debt securities2 9 — 7 17 (1)9 26 (1)
Total6 $70 $— 236 $2,235 $(216)242 $2,305 $(216)