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Consolidated Statements of Condition - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Assets:    
Cash and cash equivalents $ 2,086 $ 1,948
Securities:    
Debt securities available-for-sale ($1,354 and $1,278 pledged at June 30, 2021 and December 31, 2020, respectively) (Allowance for credit losses of $0 at June 30, 2021 and December 31, 2020) 6,077 5,813
Equity investments with readily determinable fair values, at fair value 16 32
Total securities 6,093 5,845
Loans held for sale [1]   117
Loans and leases held for investment, net of deferred loan fees and costs 43,575 42,884
Less: Allowance for credit losses on loans and leases (202) (194)
Total loans and leases held for investment, net 43,373 42,690
Total loans and leases held for investment and held for sale, net 43,373 42,807
Federal Home Loan Bank stock, at cost 686 [2] 714 [3]
Premises and equipment, net 278 287
Operating lease right-of-use assets 256 267
Goodwill 2,426 2,426
Bank-owned life insurance 1,171 1,164
Other real estate owned and other repossessed assets 8 8
Other assets 1,092 840
Total assets 57,469 56,306
Deposits:    
Interest-bearing checking and money market accounts 12,803 12,610
Savings accounts 7,890 6,416
Certificates of deposit 8,949 10,331
Non-interest-bearing accounts 4,535 3,080
Total deposits 34,177 32,437
Wholesale borrowings:    
Federal Home Loan Bank advances 14,003 14,628
Repurchase agreements 800 800
Total wholesale borrowings 14,803 15,428
Junior subordinated debentures 360 360
Subordinated notes 296 296
Total borrowed funds 15,459 16,084
Operating lease liabilities 256 267
Other liabilities 661 676
Total liabilities 50,553 49,464
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; 490,439,070 and 490,439,070 shares issued; and 465,056,962 and 463,901,808 shares outstanding, respectively) 5 5
Paid-in capital in excess of par 6,111 6,123
Retained earnings 617 494
Treasury stock, at cost (25,382,108 and 26,537,262 shares, respectively) (245) (258)
Accumulated other comprehensive loss, net of tax:    
Net unrealized gain on securities available for sale, net of tax of $0 and ($25), respectively 1 67
Net unrealized loss on pension and post-retirement obligations, net of tax of $20 and $22, respectively (54) (59)
Net unrealized loss on cash flow hedges, net of tax of $8 and $13, respectively (22) (33)
Total accumulated other comprehensive loss, net of tax (75) (25)
Total stockholders’ equity 6,916 6,842
Total liabilities and stockholders’ equity $ 57,469 $ 56,306
[1] Includes deferred loan origination fees of $0 million and $2 million at June 30, 2021 and December 31, 2020, respectively
[2] Carrying value and estimated fair value are at cost.
[3] Carrying value and estimated fair value are at cost.