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Consolidated Statements of Condition - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
ASSETS:    
Cash and cash equivalents $ 15,806 $ 2,032
Debt Securities available-for-sale $1,275 and $434 pledged at June 30, 2023 and December 31, 2022, respectively) 7,782 9,060
Equity investments with readily determinable fair values, at fair value 14 14
Total securities 7,796 9,074
Loans held for sale, at fair value 2,194 1,115
Loans and leases held for investment, net of deferred loan fees and costs 83,278 69,001
Less: Allowance for credit losses on loans and leases (594) (393)
Total loans and leases held for investment, net 82,684 68,608
Federal Home Loan Bank stock and Federal Reserve Bank stock, at cost 1,136 1,267
Premises and equipment, net 660 491
Core deposit and other intangibles 697 287
Goodwill 2,426 2,426
Mortgage servicing rights 1,031 1,033
Bank-owned life insurance 1,567 1,561
Other assets 2,799 2,250
Total assets 118,796 90,144
Deposits:    
Interest-bearing checking and money market accounts 30,795 22,511
Savings accounts 9,762 11,645
Certificates of deposit 18,188 12,510
Non-interest-bearing accounts 29,752 12,055
Total deposits 88,497 58,721
Borrowed funds:    
Federal Home Loan Bank advances 15,400 20,325
Junior subordinated debentures 577 575
Subordinated notes 435 432
Total borrowed funds 16,412 21,332
Other liabilities 2,827 1,267
Total liabilities 107,736 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; 744,506,254 and 705,429,386 shares issued; and 722,475,755 and 681,217,334 shares outstanding, respectively) 7 7
Paid-in capital in excess of par 8,204 8,130
Retained earnings 3,205 1,041
Treasury stock, at cost ($22,030,499 and 24,212,052 shares, respectively) (217) (237)
Accumulated other comprehensive loss, net of tax:    
Net unrealized loss on securities available for sale, net of tax of $255 and $240, respectively (668) (626)
Net unrealized loss on pension and post-retirement obligations, net of tax of $17 and $18, respectively (43) (46)
Net unrealized gain on cash flow hedges, net of tax of $(26) and $(20), respectively 69 52
Total accumulated other comprehensive loss, net of tax (642) (620)
Total stockholders’ equity 11,060 8,824
Total liabilities and stockholders’ equity $ 118,796 $ 90,144