Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2022

The following table identifies our other significant accounting policies and the note and page where a detailed description of each policy can be found:


Fair Value	Note	2	Page	133
Investment Securities	Note	3	Page	140
Loans and Allowance for Credit Losses	Note	4	Page	145
Goodwill and Other Intangible Assets	Note	5	Page	150
Derivative Financial Instruments	Note	10	Page	154
Offsetting Arrangements	Note	11	Page	158
Contingencies	Note	13	Page	162
Variable Interest Entities	Note	14	Page	164
Equity-Based Compensation	Note	18	Page	169
Income Taxes	Note	22	Page	173
Earnings Per Common Share	Note	23	Page	175
Revenue from Contracts with Customers	Note	25	Page	177

New Accounting Standards Issued But Not Yet Adopted

Relevant standards that were recently issued but not yet adopted as of December 31, 2022


Standard	Description	Date of Adoption	Effects on the financial statements or other significant matters
ASU 2022-02, Financial Instruments—Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures	The standard addresses two topics: 1) eliminates the accounting guidance for TDRs, now requiring an entity to determine whether a modification results in a new loan or a continuation of an existing loan, as well as expanding disclosures related to modifications and 2) requires disclosure of current period gross write-offs of financing receivables within the vintage disclosures table.	January 1, 2023	We have adopted the new standard as of January 1, 2023. There are no material impacts as a result of the adoption.
ASU 2022-01, Derivatives and Hedging (Topic 815): Fair Value Hedging—Portfolio Layer Method	The standard makes targeted amendments to 1) expand the existing last-of-layer method to allow multiple hedging layers of a single closed portfolio (now renamed portfolio layer method), 2) expand the scope of the portfolio layer method to include nonprepayable financial assets, 3) clarify which hedging instruments are eligible for designation in a portfolio layer hedge, 4) provide additional guidance on the accounting for, and disclosure of, hedge basis adjustments that are applicable to the portfolio layer method and 5) define how hedge basis adjustments should be considered when determining credit losses for the assets included in the closed portfolio.	January 1, 2023	We have adopted the new standard as of January 1, 2023. There are no material impacts as a result of the adoption.