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Consolidated Statements of Financial Condition - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
ASSETS:    
Cash and cash equivalents $ 22,250 $ 2,032
Debt Securities available-for-sale $825 and $434 pledged at March 31, 2023 and December 31, 2022, respectively) 7,599 9,060
Equity investments with readily determinable fair values, at fair value 14 14
Total securities 7,613 9,074
Loans held for sale, at fair value 1,305 1,115
Loans and leases held for investment, net of deferred loan fees and costs 82,547 69,001
Less: Allowance for credit losses on loans and leases (550) (393)
Total loans and leases held for investment, net 81,997 68,608
Federal Home Loan Bank stock and Federal Reserve Bank stock, at cost 1,356 1,267
Premises and equipment, net 628 491
Core deposit and other intangibles 734 287
Goodwill 2,426 2,426
Mortgage servicing rights 1,034 1,033
Bank-owned life insurance 1,564 1,561
Other assets 2,799 2,250
Total assets 123,706 90,144
LIABILITIES AND STOCKHOLDERS' EQUITY:    
Interest-bearing checking and money market accounts 32,146 22,511
Savings accounts 10,302 11,645
Certificates of deposit 19,355 12,510
Non-interest-bearing accounts 22,997 12,055
Total deposits 84,800 58,721
Federal Home Loan Bank advances 20,350 20,325
Junior subordinated debentures 576 575
Subordinated notes 434 432
Total borrowed funds 21,360 21,332
Other liabilities 6,764 1,267
Total liabilities 112,924 81,320
Stockholders' equity:    
Preferred stock at par $0.01 (5,000,000 shares authorized): Series A (515,000 shares issued and outstanding) 503 503
Common stock at par $0.01 (900,000,000 shares authorized; 744,461,392 and 705,429,386 shares issued; and 722,150,297 and 681,217,334 shares outstanding, respectively) 7 7
Paid-in capital in excess of par 8,197 8,130
Retained earnings 2,923 1,041
Treasury stock, at cost ($22,311,095 and 24,212,052 shares, respectively) (219) (237)
Accumulated other comprehensive loss, net of tax:    
Net unrealized loss on securities available for sale, net of tax of $219 and $240, respectively (566) (626)
Net unrealized loss on pension and post-retirement obligations, net of tax of $17 and $18, respectively (44) (46)
Net unrealized (loss) gain on cash flow hedges, net of tax of $5 and $(20), respectively (19) 52
Total accumulated other comprehensive loss, net of tax (629) (620)
Total stockholders’ equity 10,782 8,824
Total liabilities and stockholders’ equity $ 123,706 $ 90,144