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Borrowings (Tables)
 9 Months Ended
Sep. 30, 2022
Debt Disclosure [Abstract]  
Schedule of Short-term Borrowings
Short-term borrowings at September 30, 2022 and December 31, 2021 include:
dollars in millions September 30, 2022December 31, 2021
Securities sold under customer repurchase agreements$578 $589 
Notes payable to FHLB of Atlanta at overnight SOFR plus spreads ranging from 0.18% to 0.20%.
2,550 — 
Total short-term borrowings$3,128 $589 
Schedule of Long-term Borrowings
Long-term borrowings at September 30, 2022 and December 31, 2021 include:
dollars in millionsMaturitySeptember 30, 2022December 31, 2021
Parent Company:
Senior:
Unsecured term loan at 1-month LIBOR plus 1.10%
September 2022$— $68 
Subordinated:
Fixed-to-Floating subordinated notes at 3.375%
March 2030350 350 
Junior subordinated debenture at 3-month LIBOR plus 2.25% (FCB/SC Capital Trust II)
June 203420 20 
Junior subordinated debenture at 3-month LIBOR plus 1.75% (FCB/NC Capital Trust III)
June 203688 88 
Subsidiaries:
Senior:
Senior unsecured fixed to floating rate notes at 3.929%(1)
June 2024500 — 
Senior unsecured fixed to floating rate notes at 2.969%(1)
September 2025315 — 
Fixed senior unsecured notes at 6.00%(1)
April 203651 — 
Subordinated:
Fixed subordinated notes at 6.125%(1)
March 2028400 — 
Fixed-to-Fixed subordinated notes at 4.125%(1)
November 2029100 — 
Junior subordinated debentures at 3-month LIBOR plus 2.80% (Macon Capital Trust I)
March 203414 14 
Junior subordinated debentures at 3-month LIBOR plus 2.85% (SCB Capital Trust I)
April 203410 10 
Secured:
Notes payable to FHLB of Atlanta at overnight SOFR plus spreads ranging from 0.24% to 0.37%.
Maturities through September 20253,250 — 
Fixed notes payable to FHLB of Atlanta Maturities through March 2032— 645 
Other secured financings(1)
Maturities through January 202417 — 
Capital lease obligationsMaturities through June 20278 4 
Unamortized issuance costs(2)(2)
Unamortized purchase accounting adjustments(2)
94 (2)
Total long-term borrowings$5,215 $1,195 
(1) Reflects the remaining outstanding debt securities assumed by the BancShares in connection with the CIT Merger. On February 24, 2022, BancShares redeemed all of the outstanding (i) 5.00% senior unsecured notes due 2022, (ii) 5.00%, senior unsecured notes due 2023; (iii) 4.750% senior unsecured notes due 2024; and (iv) 5.250% senior unsecured notes due 2025 that it had assumed in the CIT Merger.
(2) At September 30, 2022 and December 31, 2021, unamortized purchase accounting adjustments were $72 million and $2 million, respectively, for subordinated debentures.
Schedule of Maturities of Long-term Debt
Long-term borrowings maturing in each of the five years subsequent to September 30, 2022 and thereafter include:

Long-term Borrowings Maturities
dollars in millions
Twelve months ended September 30,
2023$19 
20242,186 
20251,931 
202616 
202719 
Thereafter1,044 
Total long-term borrowings$5,215