XML 11 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Condition - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
ASSETS:    
Cash, cash equivalents and due from banks $ 1,700 $ 2,211
Securities:    
Debt securities available-for-sale ($561 and $1,168 pledged at September 30, 2022 and December 31, 2021, respectively) 6,689 5,780
Equity investments with readily determinable fair values, at fair value 14 16
Total securities 6,703 [1] 5,796 [2]
Loans and leases held for investment, net of deferred loan fees and costs 48,984 45,738
Less: Allowance for credit losses on loans and leases (218) (199)
Total loans and leases, net 48,766 45,539
Federal Home Loan Bank stock, at cost 630 [3] 734 [4]
Premises and equipment, net 250 270
Operating lease right-of-use assets 227 249
Goodwill 2,426 2,426
Bank-owned life insurance 1,200 1,184
Other assets 1,054 1,118
Total assets 62,956 59,527
Deposits:    
Interest-bearing checking and money market accounts 19,897 13,209
Savings accounts 8,860 8,892
Certificates of deposit 9,109 8,424
Non-interest-bearing accounts 3,839 4,534
Total deposits 41,705 35,059
Wholesale borrowings:    
Federal Home Loan Bank advances 12,840 15,105
Repurchase agreements 300 800
Total wholesale borrowings 13,140 15,905
Junior subordinated debentures 361 361
Subordinated notes 297 296
Total borrowed funds 13,798 16,562
Operating lease liabilities 227 249
Other liabilities 480 613
Total liabilities 56,210 52,483
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 466,136,056 and 465,015,643 shares outstanding, respectively) 5 5
Paid-in capital in excess of par 6,121 6,126
Retained earnings 957 741
Treasury stock, at cost (24,303,014 and 25,423,427 shares, respectively) (238) (246)
Accumulated other comprehensive loss, net of tax:    
Net unrealized loss on securities available for sale, net of tax of $234 and $17, respectively (612) (45)
Net unrealized loss on pension and post-retirement obligations, net of tax of $12 and $12 respectively (30) (31)
Net unrealized gain (loss) on cash flow hedges, net of tax of $(16) and $3, respectively 40 (9)
Total accumulated other comprehensive loss, net of tax (602) (85)
Total stockholders’ equity 6,746 7,044
Total liabilities and stockholders’ equity $ 62,956 $ 59,527
[1] Excludes accrued interest receivable of $23 million included in other assets in the Consolidated Statements of Condition.
[2] Excludes accrued interest receivable of $15 million included in other assets in the Consolidated Statements of Condition.
[3] Carrying value and estimated fair value are at cost.
[4] Carrying value and estimated fair value are at cost.