XML 42 R30.htm IDEA: XBRL DOCUMENT
v3.22.2.2

SECURITIES (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2022
Investments, Debt and Equity Securities [Abstract] |
Schedule of securities held | The following table presents the major components of securities at amortized cost and fair value:
| September 30, 2022 |  | December 31, 2021
(in millions) | Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value |  | Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value
U.S. Treasury and other | $3,557 |  | $— |  | ($207) |  | $3,350 |  |  | $11 |  | $— |  | $— |  | $11 |
State and political subdivisions | 3 |  | — |  | — |  | 3 |  |  | 2 |  | — |  | — |  | 2 |
Mortgage-backed securities: |  |  |  |  |  |  |  |  |
Federal agencies and U.S. government sponsored entities | 21,019 |  | — |  | (2,335) |  | 18,684 |  |  | 24,607 |  | 210 |  | (375) |  | 24,442 |
Other/non-agency | 281 |  | — |  | (32) |  | 249 |  |  | 397 |  | 9 |  | (1) |  | 405 |
Total mortgage-backed securities | 21,300 |  | — |  | (2,367) |  | 18,933 |  |  | 25,004 |  | 219 |  | (376) |  | 24,847 |
Collateralized loan obligations | 1,248 |  | — |  | (56) |  | 1,192 |  |  | 1,208 |  | — |  | (1) |  | 1,207 |
Total debt securities available for sale, at fair value | $26,108 |  | $— |  | ($2,630) |  | $23,478 |  |  | $26,225 |  | $219 |  | ($377) |  | $26,067 |
Mortgage-backed securities: |  |  |  |  |  |  |  |  |
Federal agencies and U.S. government sponsored entities | $9,457 |  | $4 |  | ($657) |  | $8,804 |  |  | $1,505 |  | $52 |  | $— |  | $1,557 |
Total mortgage-backed securities | 9,457 |  | 4 |  | (657) |  | 8,804 |  |  | 1,505 |  | 52 |  | — |  | 1,557 |
Asset-backed securities | 614 |  | — |  | (45) |  | 569 |  |  | 737 |  | 2 |  | (7) |  | 732 |
Total debt securities held to maturity | $10,071 |  | $4 |  | ($702) |  | $9,373 |  |  | $2,242 |  | $54 |  | ($7) |  | $2,289 |
Equity securities, at cost | $1,113 |  | $— |  | $— |  | $1,113 |  |  | $624 |  | $— |  | $— |  | $624 |
Equity securities, at fair value | 151 |  | — |  | — |  | 151 |  |  | 109 |  | — |  | — |  | 109 |
Schedule of investments classified by maturity date | The following table presents the amortized cost and fair value of debt securities by contractual maturity as of September 30, 2022. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without incurring penalties.
| Distribution of Maturities
(in millions) | 1 Year or Less | After 1 Year through 5 Years | After 5 Years through 10 Years | After 10 Years | Total
Amortized cost: |  |  |  |  |
U.S. Treasury and other | $10 |  | $1,983 |  | $1,564 |  | $— |  | $3,557 |
State and political subdivisions | 1 |  | — |  | — |  | 2 |  | 3 |
Mortgage-backed securities: |  |  |  |  |
Federal agencies and U.S. government sponsored entities | 3 |  | 939 |  | 2,954 |  | 17,123 |  | 21,019 |
Other/non-agency | — |  | — |  | — |  | 281 |  | 281 |
Collateralized loan obligations | — |  | — |  | 24 |  | 1,224 |  | 1,248 |
Total debt securities available for sale | 14 |  | 2,922 |  | 4,542 |  | 18,630 |  | 26,108 |
Mortgage-backed securities: |  |  |  |  |
Federal agencies and U.S. government sponsored entities | — |  | — |  | — |  | 9,457 |  | 9,457 |
Asset-backed securities | — |  | 614 |  | — |  | — |  | 614 |
Total debt securities held to maturity | — |  | 614 |  | — |  | 9,457 |  | 10,071 |
Total amortized cost of debt securities | $14 |  | $3,536 |  | $4,542 |  | $28,087 |  | $36,179 |
Fair value: |  |  |  |  |
U.S. Treasury and other | $10 |  | $1,871 |  | $1,469 |  | $— |  | $3,350 |
State and political subdivisions | 1 |  | — |  | — |  | 2 |  | 3 |
Mortgage-backed securities: |  |  |  |  |
Federal agencies and U.S. government sponsored entities | 2 |  | 890 |  | 2,713 |  | 15,079 |  | 18,684 |
Other/non-agency | — |  | — |  | — |  | 249 |  | 249 |
Collateralized loan obligations | — |  | — |  | 23 |  | 1,169 |  | 1,192 |
Total debt securities available for sale | 13 |  | 2,761 |  | 4,205 |  | 16,499 |  | 23,478 |
Mortgage-backed securities: |  |  |  |  |
Federal agencies and U.S. government sponsored entities | — |  | — |  | — |  | 8,804 |  | 8,804 |
Asset-backed securities | — |  | 569 |  | — |  | — |  | 569 |
Total debt securities held to maturity | — |  | 569 |  | — |  | 8,804 |  | 9,373 |
Total fair value of debt securities | $13 |  | $3,330 |  | $4,205 |  | $25,303 |  | $32,851 |
Schedule of income recognized on investment securities | The following table presents realized gains and losses on sale of securities:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in millions) | 2022 |  | 2021 |  | 2022 |  | 2021
Gains | $— |  |  | $3 |  |  | $9 |  |  | $9 |
Losses | — |  |  | — |  |  | (4) |  |  | — |
Securities gains, net | $— |  |  | $3 |  |  | $5 |  |  | $9 |
Schedule of financial instruments owned and pledged as collateral | The following table presents the amortized cost and fair value of debt securities pledged:
| September 30, 2022 |  | December 31, 2021
(in millions) | Amortized Cost | Fair Value |  | Amortized Cost | Fair Value
Pledged against derivatives, to qualify for fiduciary powers, and to secure public and other deposits as required by law | $3,910 |  | $3,457 |  |  | $4,816 |  | $4,782 |
Pledged as collateral for FHLB borrowing capacity | 244 |  | 214 |  |  | 325 |  | 333 |
Pledged against repurchase agreements | — |  | — |  |  | 1 |  | 1 |
Schedule of unrealized loss on investments | The following tables present AFS debt securities with fair values below their respective carrying values, separated by the duration the securities have been in a continuous unrealized loss position:
| September 30, 2022
| Less than 12 Months |  | 12 Months or Longer |  | Total
(in millions) | Fair Value | Gross Unrealized Losses |  | Fair Value | Gross Unrealized Losses |  | Fair Value | Gross Unrealized Losses
U.S. Treasury and other | $3,350 |  | ($207) |  |  | $— |  | $— |  |  | $3,350 |  | ($207) |
Mortgage-backed securities: |  |  |  |  |  |  |  |
Federal agencies and U.S. government sponsored entities | 15,913 |  | (1,687) |  |  | 2,756 |  | (648) |  |  | 18,669 |  | (2,335) |
Other/non-agency | 248 |  | (32) |  |  | — |  | — |  |  | 248 |  | (32) |
Total mortgage-backed securities | 16,161 |  | (1,719) |  |  | 2,756 |  | (648) |  |  | 18,917 |  | (2,367) |
Collateralized loan obligations | 1,183 |  | (55) |  |  | 9 |  | (1) |  |  | 1,192 |  | (56) |
Total | $20,694 |  | ($1,981) |  |  | $2,765 |  | ($649) |  |  | $23,459 |  | ($2,630) |
| December 31, 2021
| Less than 12 Months |  | 12 Months or Longer |  | Total
(in millions) | Fair Value | Gross Unrealized Losses |  | Fair Value | Gross Unrealized Losses |  | Fair Value | Gross Unrealized Losses
Mortgage-backed securities: |  |  |  |  |  |  |  |
Federal agencies and U.S. government sponsored entities | $14,131 |  | ($320) |  |  | $1,236 |  | ($55) |  |  | $15,367 |  | ($375) |
Other/non-agency | 123 |  | (1) |  |  | — |  | — |  |  | 123 |  | (1) |
Total mortgage-backed securities | 14,254 |  | (321) |  |  | 1,236 |  | (55) |  |  | 15,490 |  | (376) |
Collateralized loan obligations | 736 |  | (1) |  |  | — |  | — |  |  | 736 |  | (1) |
Total | $14,990 |  | ($322) |  |  | $1,236 |  | ($55) |  |  | $16,226 |  | ($377) |

X
- Definition Tabular disclosure of available-for-sale, held to maturity, and other investment securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, and amortized cost basis. + References No definition available. + Details
Name: | cfg_SecuritiesTableTextBlock
Namespace Prefix: | cfg_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of fair value of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in unrealized loss position, without allowance for credit loss. Includes beneficial interest in securitized financial asset. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 30 -Section 55 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=121590138&loc=SL82922954-210456 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126970911&loc=d3e27290-111563 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 30 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=124269663&loc=SL82922888-210455 + Details
Name: | us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionFairValueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of realized and unrealized gain (loss) on investment in security. + References No definition available. + Details
Name: | us-gaap_GainLossOnInvestmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments. + References No definition available. + Details
Name: | us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financial instruments held by the entity for its own account for trading or investment purposes that are carried at fair value and pledged to counterparties as collateral for financing transactions. Description may include equity, fixed income, debt or other securities. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 30 -Section 45 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=66007379&loc=d3e113888-111728 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 30 -Section 50 -Paragraph 1A -URI https://asc.fasb.org/extlink&oid=109249958&loc=SL6224234-111729 + Details
Name: | us-gaap_ScheduleOfFinancialInstrumentsOwnedAndPledgedAsCollateralTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration