XML 53 R43.htm IDEA: XBRL DOCUMENT v3.23.3
Borrowings (Tables)
9 Months Ended
Sep. 30, 2023
Debt Disclosure [Abstract]  
Schedule of Short-term Borrowings
Short-term borrowings at September 30, 2023 and December 31, 2022 include:
dollars in millions September 30, 2023December 31, 2022
Securities sold under customer repurchase agreements$453 $436 
Notes payable to FHLB of Atlanta at overnight SOFR plus 0.28%.
— 1,750 
Total short-term borrowings$453 $2,186 
Schedule of Long-term Borrowings
Long-term borrowings at September 30, 2023 and December 31, 2022 include:

Long-term Borrowings
dollars in millionsMaturitySeptember 30, 2023December 31, 2022
Parent Company:
Subordinated:
Fixed-to-Floating subordinated notes at 3.375%
March 2030350 350 
Junior subordinated debentures at 3-month LIBOR plus 2.25% (FCB/SC Capital Trust II)
June 203420 20 
Junior subordinated debentures 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%
June 2024— 500 
Senior unsecured fixed-to-floating rate notes at 2.969%
September 2025315 315 
Fixed senior unsecured notes at 6.00%
April 203651 51 
Subordinated:
Fixed subordinated notes at 6.125%
March 2028400 400 
Fixed-to-Fixed subordinated notes at 4.125%
November 2029100 100 
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 0.32% to 0.36%.
Maturities through September 2025— 2,500 
Purchase Money Note to FDIC fixed at 3.50% (1)
March 202836,072 — 
Other secured financingsMaturities through January 2024— 18 
Capital lease obligationsMaturities through May 2057
Unamortized issuance costs(1)(1)
Unamortized purchase accounting adjustments (2)
(169)87 
Total long-term borrowings$37,259 $4,459 
(1)    Issued in connection with the SVBB Acquisition and will be secured by acquired loans. See below and Note 2—Business Combinations for further information.
(2)    At September 30, 2023 and December 31, 2022, unamortized purchase accounting adjustments were $59 million and $69 million, respectively, for subordinated debentures.