Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2021

Commitments And Contingencies Disclosure [Abstract]

Off-Balance-Sheet Originate Loans and Letters of Credit

The following table summarizes the Company’s off-balance sheet commitments to originate loans and letters of credit at December 31, 2021:

(in millions)
Mortgage Loan Commitments:
Multi-family and commercial real estate	$	352
One-to-four family		—
Acquisition, development, and construction		168
Total mortgage loan commitments	$	520
Other loan commitments		2,301
Total loan commitments	$	2,821
Commercial, performance stand-by, and financial stand-by letters of credit		291
Total commitments	$	3,112

Guarantees and Indemnifications

The following table summarizes the Company’s guarantees and indemnifications at December 31, 2021:

(in millions)	Expires Within One Year		Expires After One Year			Total Outstanding Amount			Maximum Potential Amount of Future Payments
Financial stand-by letters of credit	$	77	$	60	$		137	$		271
Performance stand-by letters of credit		3		—			3			3
Commercial letters of credit		7		1			8			17
Total letters of credit	$	87	$	61	$		148	$		291