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Borrowings (Tables) | 9 Months Ended
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Sep. 30, 2023
Debt Disclosure [Abstract] |
Schedule of Short-term Borrowings | Short-term borrowings at September 30, 2023 and December 31, 2022 include:
dollars in millions | September 30, 2023 |  | December 31, 2022
Securities sold under customer repurchase agreements | $ | 453 |  |  | $ | 436 |
Notes payable to FHLB of Atlanta at overnight SOFR plus 0.28%. | — |  |  | 1,750 |
Total short-term borrowings | $ | 453 |  |  | $ | 2,186 |
Schedule of Long-term Borrowings | Long-term borrowings at September 30, 2023 and December 31, 2022 include: Long-term Borrowings
dollars in millions | Maturity |  | September 30, 2023 |  | December 31, 2022
Parent Company: |  |  |  |  |
Subordinated: |  |  |  |  |
Fixed-to-Floating subordinated notes at 3.375% | March 2030 |  | 350 |  |  | 350 |
Junior subordinated debentures at 3-month LIBOR plus 2.25% (FCB/SC Capital Trust II) | June 2034 |  | 20 |  |  | 20 |
Junior subordinated debentures at 3-month LIBOR plus 1.75% (FCB/NC Capital Trust III) | June 2036 |  | 88 |  |  | 88 |
Subsidiaries: |  |  |  |  |
Senior: |  |  |  |  |
Senior unsecured fixed-to-floating rate notes at 3.929% | June 2024 |  | — |  |  | 500 |
Senior unsecured fixed-to-floating rate notes at 2.969% | September 2025 |  | 315 |  |  | 315 |
Fixed senior unsecured notes at 6.00% | April 2036 |  | 51 |  |  | 51 |
Subordinated: |  |  |  |  |
Fixed subordinated notes at 6.125% | March 2028 |  | 400 |  |  | 400 |
Fixed-to-Fixed subordinated notes at 4.125% | November 2029 |  | 100 |  |  | 100 |
Junior subordinated debentures at 3-month LIBOR plus 2.80% (Macon Capital Trust I) | March 2034 |  | 14 |  |  | 14 |
Junior subordinated debentures at 3-month LIBOR plus 2.85% (SCB Capital Trust I) | April 2034 |  | 10 |  |  | 10 |
Secured: |  |  |  |  |
Notes payable to FHLB of Atlanta at overnight SOFR plus spreads ranging from 0.32% to 0.36%. | Maturities through September 2025 |  | — |  |  | 2,500 |
Purchase Money Note to FDIC fixed at 3.50% (1) | March 2028 |  | 36,072 |  |  | — |
Other secured financings | Maturities through January 2024 |  | — |  |  | 18 |
Capital lease obligations | Maturities through May 2057 |  | 9 |  |  | 7 |
Unamortized issuance costs |  |  | (1) |  |  | (1) |
Unamortized purchase accounting adjustments (2) |  |  | (169) |  |  | 87 |
Total long-term borrowings |  |  | $ | 37,259 |  |  | $ | 4,459 |
(1) Issued in connection with the SVBB Acquisition and will be secured by acquired loans. See below and Note 2—Business Combinations for further information. (2) At September 30, 2023 a nd December 31, 2022, unamortized purchase accounting adjustments were $59 million and $69 million, respectively, for subordinated debentures.

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