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FAIR VALUES OF ASSETS AND LIABILITIES (Tables) | 9 Months Ended
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Sep. 30, 2025
Fair Value Disclosures [Abstract] |
Assets and Liabilities Measured at Fair Value on a Recurring Basis | The following tables present our assets and liabilities measured at fair value on a recurring basis, including instruments where we have elected the fair value option.
| Fair Value Measurements at Reporting Date Using |  | Netting Adjustments (1) |  | Total
(dollar amounts in millions) | Level 1 |  | Level 2 |  | Level 3 |  |
At September 30, 2025 |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |
Trading account securities | $ | 2 |  |  | $ | 79 |  |  | $ | — |  |  | $ | — |  |  | $ | 81 |
Available-for-sale securities: |  |  |  |  |  |  |  |  |
U.S. Treasury securities | 5,410 |  |  | — |  |  | — |  |  | — |  |  | 5,410 |
Residential MBS | — |  |  | 9,675 |  |  | — |  |  | — |  |  | 9,675 |
Residential CMO | — |  |  | 4,442 |  |  | — |  |  | — |  |  | 4,442 |
Commercial MBS | — |  |  | 1,782 |  |  | — |  |  | — |  |  | 1,782 |
Other agencies | — |  |  | 113 |  |  | — |  |  | — |  |  | 113 |
Municipal securities | — |  |  | 25 |  |  | 4,090 |  |  | — |  |  | 4,115 |
Corporate debt | — |  |  | 175 |  |  | — |  |  | — |  |  | 175 |
Asset-backed securities | — |  |  | 221 |  |  | 38 |  |  | — |  |  | 259 |
Private-label CMO | — |  |  | 81 |  |  | 23 |  |  | — |  |  | 104 |
Other securities/sovereign debt | — |  |  | 10 |  |  | — |  |  | — |  |  | 10 |
Total available-for-sale securities | 5,410 |  |  | 16,524 |  |  | 4,151 |  |  | — |  |  | 26,085 |
Other securities | 30 |  |  | 2 |  |  | — |  |  | — |  |  | 32 |
Loans held for sale | — |  |  | 817 |  |  | — |  |  | — |  |  | 817 |
Loans held for investment | — |  |  | 108 |  |  | 63 |  |  | — |  |  | 171 |
MSRs | — |  |  | — |  |  | 576 |  |  | — |  |  | 576 |
Other assets: |  |  |  |  |  |  |  |  |
Derivative assets | — |  |  | 493 |  |  | 9 |  |  | (291) |  |  | 211 |
Assets held in trust for deferred compensation plans | 211 |  |  | — |  |  | — |  |  | — |  |  | 211 |
Liabilities |  |  |  |  |  |  |  |  |
Short-term borrowings (2) | 57 |  |  | 12 |  |  | — |  |  | — |  |  | 69 |
Long-term debt | — |  |  | 1,299 |  |  | — |  |  | — |  |  | 1,299 |
Derivative liabilities | — |  |  | 502 |  |  | 6 |  |  | (163) |  |  | 345 |
(1)Amounts represent the impact of legally enforceable master netting agreements that allow the Company to settle positive and negative positions and cash collateral held or placed with the same counterparties. (2)Includes debt and equity securities held by our broker dealer in its trading inventory and securities sold short as a hedging strategy for purposes of supporting client trading activities. Level 1 fair value positions are determined by quoted market prices available in an active market for identical securities. When quoted market prices are not available, fair values are classified as Level 2 and are determined using quoted prices for similar assets in active markets.
| Fair Value Measurements at Reporting Date Using |  | Netting Adjustments (1) |  | Total
(dollar amounts in millions) | Level 1 |  | Level 2 |  | Level 3 |  |
At December 31, 2024 |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |
Trading account securities | $ | 1 |  |  | $ | 52 |  |  | $ | — |  |  | $ | — |  |  | $ | 53 |
Available-for-sale securities: |  |  |  |  |  |  |  |  |
U.S. Treasury securities | 6,556 |  |  | — |  |  | — |  |  | — |  |  | 6,556 |
Residential MBS | — |  |  | 10,017 |  |  | — |  |  | — |  |  | 10,017 |
Residential CMO | — |  |  | 3,345 |  |  | — |  |  | — |  |  | 3,345 |
Commercial MBS | — |  |  | 1,752 |  |  | — |  |  | — |  |  | 1,752 |
Other agencies | — |  |  | 130 |  |  | — |  |  | — |  |  | 130 |
Municipal securities | — |  |  | 34 |  |  | 3,954 |  |  | — |  |  | 3,988 |
Corporate debt | — |  |  | 1,055 |  |  | — |  |  | — |  |  | 1,055 |
Asset-backed securities | — |  |  | 262 |  |  | 49 |  |  | — |  |  | 311 |
Private-label CMO | — |  |  | 88 |  |  | 21 |  |  | — |  |  | 109 |
Other securities/sovereign debt | — |  |  | 10 |  |  | — |  |  | — |  |  | 10 |
Total available-for-sale securities | 6,556 |  |  | 16,693 |  |  | 4,024 |  |  | — |  |  | 27,273 |
Other securities | 29 |  |  | 2 |  |  | — |  |  | — |  |  | 31 |
Loans held for sale | — |  |  | 652 |  |  | — |  |  | — |  |  | 652 |
Loans held for investment | — |  |  | 112 |  |  | 61 |  |  | — |  |  | 173 |
MSRs | — |  |  | — |  |  | 573 |  |  | — |  |  | 573 |
Other assets: |  |  |  |  |  |  |  |  |
Derivative assets | — |  |  | 606 |  |  | 4 |  |  | (344) |  |  | 266 |
Assets held in trust for deferred compensation plans | 191 |  |  | — |  |  | — |  |  | — |  |  | 191 |
Liabilities |  |  |  |  |  |  |  |  |
Long-term debt | — |  |  | 821 |  |  | — |  |  | — |  |  | 821 |
Derivative liabilities | — |  |  | 666 |  |  | 2 |  |  | (90) |  |  | 578 |
(1)Amounts represent the impact of legally enforceable master netting agreements that allow the Company to settle positive and negative positions and cash collateral held or placed with the same counterparties.
Rollforward of Financial Instruments Measured on a Recurring Basis and Classified as Level 3 | The following table presents a rollforward of the balance sheet amounts measured at fair value on a recurring basis and classified as Level 3. The classification of an item as Level 3 is based on the significance of the unobservable inputs to the overall fair value measurement. However, Level 3 measurements may also include observable components of value that can be validated externally. Accordingly, the gains and losses in the table below include changes in fair value due in part to observable factors that are part of the valuation methodology.
| Level 3 Fair Value Measurements |
|  |  |  |  | Available-for-sale securities |  | Loans held for investment |
(dollar amounts in millions) | MSRs |  | Derivative instruments |  | Municipal securities |  | Private- label CMO |  | Asset-backed securities |  |  |  |
Three months ended September 30, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Opening balance | $ | 567 |  |  | $ | 7 |  |  | $ | 4,067 |  |  | $ | 21 |  |  | $ | 38 |  |  |  |  | $ | 62 |  |
Transfers into Level 3 | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | 3 |  |
Transfers out of Level 3 (1) | — |  |  | (14) |  |  | — |  |  | — |  |  | — |  |  |  |  | — |  |
Total gains (losses) for the period: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Included in earnings: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage banking income | (1) |  |  | 12 |  |  | — |  |  | — |  |  | — |  |  |  |  | — |  |
Other noninterest income | — |  |  | (4) |  |  | — |  |  | — |  |  | — |  |  |  |  | — |  |
Included in OCI | — |  |  | — |  |  | 35 |  |  | — |  |  | — |  |  |  |  | — |  |
Purchases/originations | 27 |  |  | — |  |  | 160 |  |  | — |  |  | — |  |  |  |  | — |  |
Repayments | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | (2) |  |
Settlements | (17) |  |  | 2 |  |  | (172) |  |  | 2 |  |  | — |  |  |  |  | — |  |
Closing balance | $ | 576 |  |  | $ | 3 |  |  | $ | 4,090 |  |  | $ | 23 |  |  | $ | 38 |  |  |  |  | $ | 63 |  |
Change in unrealized gains or losses for the period included in earnings for assets held at end of the reporting date | $ | (1) |  |  | $ | (1) |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |  |
Change in unrealized gains or losses for the period included in other comprehensive income for assets held at the end of the reporting period | — |  |  | — |  |  | 34 |  |  | — |  |  | — |  |  |  |  | — |  |
Three months ended September 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Opening balance | $ | 543 |  |  | $ | 1 |  |  | $ | 3,341 |  |  | $ | 20 |  |  | $ | 35 |  |  |  |  | $ | 60 |  |
Transfers into Level 3 | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | 3 |  |
Transfers out of Level 3 (1) | — |  |  | (8) |  |  | — |  |  | — |  |  | — |  |  |  |  | — |  |
Total gains (losses) for the period: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Included in earnings: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage banking income | (25) |  |  | 10 |  |  | — |  |  | — |  |  | — |  |  |  |  | — |  |
Other noninterest income | — |  |  | (16) |  |  | — |  |  | — |  |  | — |  |  |  |  | — |  |
Included in OCI | — |  |  | — |  |  | 70 |  |  | — |  |  | — |  |  |  |  | — |  |
Purchases/originations | 12 |  |  | — |  |  | 390 |  |  | — |  |  | — |  |  |  |  | — |  |
Repayments | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | (3) |  |
Settlements | (15) |  |  | 4 |  |  | (190) |  |  | 2 |  |  | (1) |  |  |  |  | — |  |
Closing balance | $ | 515 |  |  | $ | (9) |  |  | $ | 3,611 |  |  | $ | 22 |  |  | $ | 34 |  |  |  |  | $ | 60 |  |
Change in unrealized gains or losses for the period included in earnings for assets held at end of the reporting date | $ | (25) |  |  | $ | 2 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |  |
Change in unrealized gains or losses for the period included in other comprehensive income for assets held at the end of the reporting period | — |  |  | — |  |  | 68 |  |  | — |  |  | — |  |  |  |  | — |  |
(1)Transfers out of Level 3 represent the settlement value of the derivative instruments (i.e., interest rate lock agreements) that are transferred to loans held for sale, which is classified as Level 2. |
| Level 3 Fair Value Measurements
|  |  |  |  | Available-for-sale securities |  | Loans held for investment
(dollar amounts in millions) | MSRs |  | Derivative instruments |  | Municipal securities |  | Private- label CMO |  | Asset-backed securities |
Nine months ended September 30, 2025 |  |  |  |  |  |  |  |  |  |  |
Opening balance | $ | 573 |  |  | $ | 2 |  |  | $ | 3,954 |  |  | $ | 21 |  |  | $ | 49 |  |  | $ | 61 |
Transfers into Level 3 | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 7 |
Transfers out of Level 3 (1) | — |  |  | (31) |  |  | — |  |  | — |  |  | — |  |  | — |
Total gains (losses) for the period: |  |  |  |  |  |  |  |  |  |  |
Included in earnings: |  |  |  |  |  |  |  |  |  |  |
Interest and fee income | — |  |  | — |  |  | (1) |  |  | — |  |  | — |  |  | — |
Mortgage banking income | (16) |  |  | 34 |  |  | — |  |  | — |  |  | — |  |  | — |
Other noninterest income | — |  |  | (10) |  |  | — |  |  | — |  |  | — |  |  | — |
Included in OCI | — |  |  | — |  |  | 52 |  |  | — |  |  | — |  |  | — |
Purchases/originations | 67 |  |  | — |  |  | 799 |  |  | — |  |  | — |  |  | — |
Repayments | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (5) |
Settlements | (48) |  |  | 8 |  |  | (714) |  |  | 2 |  |  | (11) |  |  | — |
Closing balance | $ | 576 |  |  | $ | 3 |  |  | $ | 4,090 |  |  | $ | 23 |  |  | $ | 38 |  |  | $ | 63 |
Change in unrealized gains or losses for the period included in earnings for assets held at end of the reporting date | $ | (16) |  |  | $ | 4 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Change in unrealized gains or losses for the period included in other comprehensive income for assets held at the end of the reporting period | — |  |  | — |  |  | 48 |  |  | — |  |  | — |  |  | — |
Nine months ended September 30, 2024 |  |  |  |  |  |  |  |  |  |  |
Opening balance | $ | 515 |  |  | $ | (2) |  |  | $ | 3,335 |  |  | $ | 20 |  |  | $ | 75 |  |  | $ | 54 |
Transfers into Level 3 | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 11 |
Transfers out of Level 3 (1) | — |  |  | (19) |  |  | — |  |  | — |  |  | — |  |  | — |
Total gains (losses) for the period: |  |  |  |  |  |  |  |  |  |  |
Included in earnings: |  |  |  |  |  |  |  |  |  |  |
Interest and fee income | — |  |  | — |  |  | (1) |  |  | (1) |  |  | — |  |  | (1) |
Mortgage banking income | 7 |  |  | 21 |  |  | — |  |  | — |  |  | — |  |  | — |
Other noninterest income | — |  |  | (24) |  |  | — |  |  | — |  |  | — |  |  | — |
Provision for credit losses | — |  |  | — |  |  | (2) |  |  | — |  |  | — |  |  | — |
Included in OCI | — |  |  | — |  |  | 56 |  |  | — |  |  | — |  |  | — |
Purchases/originations | 33 |  |  | — |  |  | 690 |  |  |  |  | — |  |  | — |
Repayments | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (4) |
Settlements | (40) |  |  | 15 |  |  | (467) |  |  | 3 |  |  | (41) |  |  | — |
Closing balance | $ | 515 |  |  | $ | (9) |  |  | $ | 3,611 |  |  | $ | 22 |  |  | $ | 34 |  |  | $ | 60 |
Change in unrealized gains or losses for the period included in earnings for assets held at end of the reporting date | $ | 7 |  |  | $ | 2 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Change in unrealized gains or losses for the period included in other comprehensive income for assets held at the end of the reporting period | — |  |  | — |  |  | 52 |  |  | — |  |  | — |  |  | — |
(1)Transfers out of Level 3 represent the settlement value of the derivative instruments (i.e., interest rate lock agreements) that are transferred to loans held for sale, which is classified as Level 2.
Assets and Liabilities Under the Fair Value Option | The following table presents the fair value and aggregate principal balance of certain assets and liabilities under the fair value option.
| Total |  | Loans that are 90 or more days past due
(dollar amounts in millions) | Fair value carrying amount |  | Aggregate unpaid principal |  | Difference |  | Fair value carrying amount |  | Aggregate unpaid principal |  | Difference
At September 30, 2025 |  |  |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |  |  |
Loans held for sale | $ | 817 |  |  | $ | 789 |  |  | $ | 28 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Loans held for investment | 171 |  |  | 183 |  |  | (12) |  |  | 3 |  |  | 4 |  |  | (1) |
Liabilities |  |  |  |  |  |  |  |  |  |  |
Long-term debt | 1,299 |  |  | 1,290 |  |  | (9) |  |  |  |  |  |  |
At December 31, 2024 |  |  |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |  |  |
Loans held for sale | $ | 652 |  |  | $ | 640 |  |  | $ | 12 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Loans held for investment | 173 |  |  | 184 |  |  | (11) |  |  | 4 |  |  | 4 |  |  | — |
Liabilities |  |  |  |  |  |  |  |  |  |  |
Long-term debt | 821 |  |  | 817 |  |  | (4) |  |  |  |  |  |  |
The following table presents the net gains (losses) from fair value changes.
|  |  | Three Months Ended |  | Nine Months Ended
(dollar amounts in millions) | Classification |  | September 30, 2025 |  | September 30, 2024 |  | September 30, 2025 |  | September 30, 2024
Loans held for sale | Mortgage banking income |  | $ | 1 |  |  | $ | 5 |  |  | $ | 16 |  |  | $ | 2 |
Loans held for investment | Mortgage banking income |  | — |  |  | — |  |  | (1) |  |  | (1) |
Long-term debt | Other noninterest income |  | — |  |  | (3) |  |  | (5) |  |  | (5) |
Assets Measured at Fair Value on a Nonrecurring Basis | The amounts measured at fair value on a nonrecurring basis were as follows.
|  |  |  |  |  |  | Fair Value Measurements Using Significant Unobservable Inputs (Level 3) |  |  |  | Total Losses
|  |  |  |  |  |  |  |  |  | Three Months Ended |  | Nine Months Ended
(dollar amounts in millions) |  |  |  |  |  |  | At September 30, 2025 |  | At December 31, 2024 |  |  |  | September 30, 2025 |  | September 30, 2024 |  | September 30, 2025 |  | September 30, 2024
Collateral-dependent loans |  |  |  |  |  |  | $ | 37 |  |  | $ | 192 |  |  |  |  | $ | (14) |  |  | $ | (4) |  |  | $ | (57) |  |  | $ | (45) |
Quantitative Information About Significant Unobservable Level 3 Fair Value Measurement Inputs | The following table presents quantitative information about the significant unobservable inputs for assets and liabilities measured at fair value.
|  |  | Quantitative Information about Level 3 Fair Value Measurements (1)
|  |  |  |  |  |  | At September 30, 2025 |  | At December 31, 2024
(dollar amounts in millions) |  |  | Valuation Technique |  | Significant Unobservable Input |  | Range |  | Weighted Average |  | Range |  | Weighted Average
Measured at fair value on a recurring basis: |  |  |  |  |  |
MSRs |  |  | Discounted cash flow |  | Constant prepayment rate |  | 7 | % | - | 59 | % |  | 9 | % |  | 6 | % | - | 43 | % |  | 8 | %
|  |  |  |  | Spread over forward interest rate swap rates |  | 5 | % | - | 10 | % |  | 6 | % |  | 5 | % | - | 10 | % |  | 6 | %
Municipal securities and asset-backed securities |  |  | Discounted cash flow |  | Discount rate |  | 4 | % | - | 4 | % |  | 4 | % |  | 4 | % | - | 5 | % |  | 5 | %
|  |  |  |  | Cumulative default |  | — | % | - | 64 | % |  | 4 | % |  | — | % | - | 39 | % |  | 4 | %
|  |  |  |  | Loss given default (2) |  |  |  |  |  | 20 | % |  |  |  |  |  | 20 | %
(1) Certain disclosures related to quantitative level 3 fair value measurements do not include those deemed to be immaterial. (2) The range is not meaningful for this unobservable input.
Carrying Amounts and Estimated Fair Values of Financial Instruments | The following table provides the carrying amounts and estimated fair values of Huntington’s financial instruments.
(dollar amounts in millions) | Amortized Cost |  | Lower of Cost or Market |  | Fair Value or Fair Value Option |  | Total Carrying Amount |  | Estimated Fair Value
At September 30, 2025 |  |  |  |  |  |  |  |  |
Financial Assets |  |  |  |  |  |  |  |  |
Cash and short-term assets | $ | 13,232 |  |  | $ | — |  |  | $ | — |  |  | $ | 13,232 |  |  | $ | 13,232 |
Trading account securities | — |  |  | — |  |  | 81 |  |  | 81 |  |  | 81 |
Available-for-sale securities | — |  |  | — |  |  | 26,085 |  |  | 26,085 |  |  | 26,085 |
Held-to-maturity securities | 15,597 |  |  | — |  |  | — |  |  | 15,597 |  |  | 13,869 |
Other securities | 838 |  |  | — |  |  | 32 |  |  | 870 |  |  | 870 |
Loans held for sale | — |  |  | 6 |  |  | 817 |  |  | 823 |  |  | 823 |
Net loans and leases (1) | 135,411 |  |  | — |  |  | 171 |  |  | 135,582 |  |  | 134,953 |
Derivative assets | — |  |  | — |  |  | 211 |  |  | 211 |  |  | 211 |
Assets held in trust for deferred compensation plans | — |  |  | — |  |  | 211 |  |  | 211 |  |  | 211 |
Financial Liabilities |  |  |  |  |  |  |  |  |
Deposits (2) | 165,212 |  |  | — |  |  | — |  |  | 165,212 |  |  | 165,212 |
Short-term borrowings | 183 |  |  | — |  |  | 69 |  |  | 252 |  |  | 252 |
Long-term debt | 16,016 |  |  | — |  |  | 1,299 |  |  | 17,315 |  |  | 17,571 |
Derivative liabilities | — |  |  | — |  |  | 345 |  |  | 345 |  |  | 345 |
At December 31, 2024 |  |  |  |  |  |  |  |  |
Financial Assets |  |  |  |  |  |  |  |  |
Cash and short-term assets | $ | 13,332 |  |  | $ | — |  |  | $ | — |  |  | $ | 13,332 |  |  | $ | 13,332 |
Trading account securities | — |  |  | — |  |  | 53 |  |  | 53 |  |  | 53 |
Available-for-sale securities | — |  |  | — |  |  | 27,273 |  |  | 27,273 |  |  | 27,273 |
Held-to-maturity securities | 16,368 |  |  | — |  |  | — |  |  | 16,368 |  |  | 14,086 |
Other securities | 792 |  |  | — |  |  | 31 |  |  | 823 |  |  | 823 |
Loans held for sale | — |  |  | 2 |  |  | 652 |  |  | 654 |  |  | 654 |
Net loans and leases (1) | 127,625 |  |  | — |  |  | 173 |  |  | 127,798 |  |  | 125,557 |
Derivative assets | — |  |  | — |  |  | 266 |  |  | 266 |  |  | 266 |
Assets held in trust for deferred compensation plans | — |  |  | — |  |  | 191 |  |  | 191 |  |  | 191 |
Financial Liabilities |  |  |  |  |  |  |  |  |
Deposits (2) | 162,448 |  |  | — |  |  | — |  |  | 162,448 |  |  | 162,455 |
Short-term borrowings | 199 |  |  | — |  |  | — |  |  | 199 |  |  | 199 |
Long-term debt | 15,553 |  |  | — |  |  | 821 |  |  | 16,374 |  |  | 16,573 |
Derivative liabilities | — |  |  | — |  |  | 578 |  |  | 578 |  |  | 578 |
(1)Includes collateral-dependent loans. (2)Includes $1.3 billion and $1.5 billion in time deposits in excess of the FDIC insurance coverage limit at September 30, 2025 and December 31, 2024, respectively. The following table presents the level in the fair value hierarchy for the estimated fair values.
| Estimated Fair Value Measurements at Reporting Date Using |  | Netting Adjustments (1) |  | Estimated Fair Value
(dollar amounts in millions) | Level 1 |  | Level 2 |  | Level 3 |  |
At September 30, 2025 |  |  |  |  |  |  |  |  |
Financial Assets |  |  |  |  |  |  |  |  |
Trading account securities | $ | 2 |  |  | $ | 79 |  |  | $ | — |  |  | $ | — |  |  | $ | 81 |
Available-for-sale securities | 5,410 |  |  | 16,524 |  |  | 4,151 |  |  | — |  |  | 26,085 |
Held-to-maturity securities | 2,354 |  |  | 11,515 |  |  | — |  |  | — |  |  | 13,869 |
Other securities (2) | 30 |  |  | 2 |  |  | — |  |  | — |  |  | 32 |
Loans held for sale | — |  |  | 817 |  |  | 6 |  |  | — |  |  | 823 |
Net loans and leases | — |  |  | 108 |  |  | 134,845 |  |  | — |  |  | 134,953 |
Derivative assets | — |  |  | 493 |  |  | 9 |  |  | (291) |  |  | 211 |
Financial Liabilities |  |  |  |  |  |  |  |  |
Deposits | — |  |  | 151,413 |  |  | 13,799 |  |  | — |  |  | 165,212 |
Short-term borrowings | 57 |  |  | 195 |  |  | — |  |  | — |  |  | 252 |
Long-term debt | — |  |  | 12,415 |  |  | 5,156 |  |  | — |  |  | 17,571 |
Derivative liabilities | — |  |  | 502 |  |  | 6 |  |  | (163) |  |  | 345 |
At December 31, 2024 |  |  |  |  |  |  |  |  |
Financial Assets |  |  |  |  |  |  |  |  |
Trading account securities | $ | 1 |  |  | $ | 52 |  |  | $ | — |  |  | $ | — |  |  | $ | 53 |
Available-for-sale securities | 6,556 |  |  | 16,693 |  |  | 4,024 |  |  | — |  |  | 27,273 |
Held-to-maturity securities | 2,023 |  |  | 12,063 |  |  | — |  |  | — |  |  | 14,086 |
Other securities (2) | 29 |  |  | 2 |  |  | — |  |  | — |  |  | 31 |
Loans held for sale | — |  |  | 652 |  |  | 2 |  |  | — |  |  | 654 |
Net loans and leases | — |  |  | 113 |  |  | 125,444 |  |  | — |  |  | 125,557 |
Derivative assets | — |  |  | 606 |  |  | 4 |  |  | (344) |  |  | 266 |
Financial Liabilities |  |  |  |  |  |  |  |  |
Deposits | — |  |  | 147,045 |  |  | 15,410 |  |  | — |  |  | 162,455 |
Short-term borrowings | — |  |  | 199 |  |  | — |  |  | — |  |  | 199 |
Long-term debt | — |  |  | 11,242 |  |  | 5,331 |  |  | — |  |  | 16,573 |
Derivative liabilities | — |  |  | 666 |  |  | 2 |  |  | (90) |  |  | 578 |
(1)Amounts represent the impact of legally enforceable master netting agreements that allow the Company to settle positive and negative positions and cash collateral held or placed with the same counterparties. (2)Excludes securities without readily determinable fair values.

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