XML 88 R45.htm IDEA: XBRL DOCUMENT
v3.25.4

Securities (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2025
Investments, Debt and Equity Securities [Abstract] |
Schedule of Details of Securities | The amortized cost, unrealized gains and losses, and approximate fair value of our securities available for sale and held-to-maturity securities are presented in the following tables. Gross unrealized gains and losses represent the difference between the amortized cost and the fair value of securities on the balance sheet as of the dates indicated. Accordingly, the amount of these gains and losses may change in the future as market conditions change.
| 2025 |  | 2024
December 31, Dollars in millions | Amortized Cost (a)(b) | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value |  | Amortized Cost(a)(b) | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value
SECURITIES AVAILABLE FOR SALE |  |  |  |  |  |  |  |  |
U.S. Treasury, agencies, and corporations | $ | 7,842 |  | $ | 61 |  | $ | 17 |  | $ | 7,886 |  |  | $ | 8,928 |  | $ | 20 |  | $ | 44 |  | $ | 8,904 |
Agency residential collateralized mortgage obligations | 10,269 |  | 4 |  | 1,708 |  | 8,565 |  |  | 11,409 |  | 8 |  | 2,193 |  | 9,224 |
Agency residential mortgage-backed securities | 19,451 |  | 201 |  | 457 |  | 19,195 |  |  | 16,038 |  | 3 |  | 872 |  | 15,169 |
Agency commercial mortgage-backed securities | 4,284 |  | 1 |  | 335 |  | 3,950 |  |  | 4,927 |  | — |  | 517 |  | 4,410 |
Total securities available for sale | $ | 41,846 |  | $ | 267 |  | $ | 2,517 |  | $ | 39,596 |  |  | $ | 41,302 |  | $ | 31 |  | $ | 3,626 |  | $ | 37,707 |
HELD-TO-MATURITY SECURITIES |  |  |  |  |  |  |  |  |
Agency residential collateralized mortgage obligations | $ | 4,026 |  | $ | 8 |  | $ | 176 |  | $ | 3,858 |  |  | $ | 4,577 |  | $ | 3 |  | $ | 332 |  | $ | 4,248 |
Agency residential mortgage-backed securities | 2,374 |  | 12 |  | 13 |  | 2,373 |  |  | 151 |  | — |  | 17 |  | 134 |
Agency commercial mortgage-backed securities | 2,121 |  | 1 |  | 139 |  | 1,983 |  |  | 2,333 |  | — |  | 203 |  | 2,130 |
Asset-backed securities(c) | 77 |  | — |  | 2 |  | 75 |  |  | 308 |  | — |  | 8 |  | 300 |
Other securities | 24 |  | — |  | — |  | 24 |  |  | 26 |  | — |  | 1 |  | 25 |
Total held-to-maturity securities | $ | 8,622 |  | $ | 21 |  | $ | 330 |  | $ | 8,313 |  |  | $ | 7,395 |  | $ | 3 |  | $ | 561 |  | $ | 6,837 |
(a)Amortized cost amounts exclude accrued interest receivable which is recorded within “other assets” on the balance sheet. At December 31, 2025, accrued interest receivable on available for sale securities and held-to-maturit y securities totaled $121 million and $26 million, respectively. At December 31, 2024, accrued interest receivable on available for sale securities and held-to-maturity securities totaled $109 million and $21 million, respectively. (b)Excluded from the amortized cost of securities available for sale are basis adjustments for securities designated in active fair value hedges. Basis adjustments totaled $99 million and $(6) million as of December 31, 2025 and December 31, 2024, respectively. The securities being hedged are primarily U.S Treasuries, Agency RMBS, and Agency CMBS. (c)Amortized costs includes $74 million of securities as of December 31, 2025, and $303 million of securities as of December 31, 2024, related to the purchase of senior notes from a securitization collateralized by sold indirect auto loans.
Schedule of Securities in an Unrealized Loss Position | The following table summarizes securities in an unrealized loss position for which an allowance for credit losses has not been recorded as of December 31, 2025, and December 31, 2024:
| Duration of Unrealized Loss Position |  |  |
| Less than 12 Months |  | 12 Months or Longer |  | Total
Dollars in millions | Fair Value | Gross Unrealized Losses |  | Fair Value | Gross Unrealized Losses |  | Fair Value | Gross Unrealized Losses
December 31, 2025 |  |  |  |  |  |  |  |
Securities available for sale: |  |  |  |  |  |  |  |
U.S. Treasury, agencies, and corporations | $ | — |  | $ | — |  |  | $ | 525 |  | $ | 17 |  |  | $ | 525 |  | $ | 17 |
Agency residential collateralized mortgage obligations | — |  | — |  |  | 7,677 |  | 1,708 |  |  | 7,677 |  | 1,708 |
Agency residential mortgage-backed securities | 1,226 |  | 7 |  |  | 5,583 |  | 450 |  |  | 6,809 |  | 457 |
Agency commercial mortgage-backed securities | 7 |  | — |  |  | 3,777 |  | 335 |  |  | 3,784 |  | 335 |
Held-to-maturity securities: |  |  |  |  |  |  |  |
Agency residential collateralized mortgage obligations | 240 |  | 2 |  |  | 3,023 |  | 174 |  |  | 3,263 |  | 176 |
Agency residential mortgage-backed securities | 526 |  | 2 |  |  | 125 |  | 11 |  |  | 651 |  | 13 |
Agency commercial mortgage-backed securities | — |  | — |  |  | 1,914 |  | 139 |  |  | 1,914 |  | 139 |
Asset-backed securities | — |  | — |  |  | 75 |  | 2 |  |  | 75 |  | 2 |
Other securities | 5 |  | — |  |  | 6 |  | — |  |  | 11 |  | — |
Total securities in an unrealized loss position | $ | 2,004 |  | $ | 11 |  |  | $ | 22,705 |  | $ | 2,836 |  |  | $ | 24,709 |  | $ | 2,847 |
December 31, 2024 |  |  |  |  |  |  |  |
Securities available for sale: |  |  |  |  |  |  |  |
U.S. Treasury, agencies, and corporations | $ | 3,647 |  | $ | 8 |  |  | $ | 508 |  | $ | 36 |  |  | $ | 4,155 |  | $ | 44 |
Agency residential collateralized mortgage obligations | 91 |  | — |  |  | 8,108 |  | 2,193 |  |  | 8,199 |  | 2,193 |
Agency residential mortgage-backed securities | 11,364 |  | 254 |  |  | 3,145 |  | 618 |  |  | 14,509 |  | 872 |
Agency commercial mortgage-backed securities | 50 |  | 1 |  |  | 4,360 |  | 516 |  |  | 4,410 |  | 517 |
Held-to-maturity securities: |  |  |  |  |  |  |  |
Agency residential collateralized mortgage obligations | 569 |  | 18 |  |  | 3,387 |  | 314 |  |  | 3,956 |  | 332 |
Agency residential mortgage-backed securities | — |  | — |  |  | 134 |  | 17 |  |  | 134 |  | 17 |
Agency commercial mortgage-backed securities | — |  | — |  |  | 2,060 |  | 203 |  |  | 2,060 |  | 203 |
Asset-backed securities | — |  | — |  |  | 300 |  | 8 |  |  | 300 |  | 8 |
Other securities | 7 |  | — |  |  | 8 |  | 1 |  |  | 15 |  | 1 |
Total securities in an unrealized loss position | $ | 15,728 |  | $ | 281 |  |  | $ | 22,010 |  | $ | 3,906 |  |  | $ | 37,738 |  | $ | 4,187 |
Schedule of Realized Gain (Loss) | The following table presents gross realized gains and losses associated with our securities available for sale portfolio for the noted periods. Realized losses for the year ended December 31, 2024, relate primarily to the strategic repositioning completed in the third and fourth quarters of 2024.
Year ended December 31, Dollars in millions | 2025 | 2024 | 2023
Securities available for sale |  |  |
Realized gains | $ | — |  | $ | — |  | $ | 4 |
Realized (losses) | — |  | (1,863) |  | (8) |
Schedule of Securities by Maturity |
| Securities Available for Sale |  | Held-to-Maturity Securities
December 31, 2025 | Amortized Cost |  | Fair Value |  | Amortized Cost |  | Fair Value
Dollars in millions |  |  |
Due in one year or less | $ | 3,070 |  |  | $ | 3,085 |  |  | $ | 472 |  |  | $ | 467 |
Due after one through five years | 10,796 |  |  | 10,504 |  |  | 2,231 |  |  | 2,176 |
Due after five through ten years | 21,855 |  |  | 20,214 |  |  | 4,796 |  |  | 4,671 |
Due after ten years | 6,125 |  |  | 5,793 |  |  | 1,123 |  |  | 999 |
Total | $ | 41,846 |  |  | $ | 39,596 |  |  | $ | 8,622 |  |  | $ | 8,313 |

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 -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479081/326-30-55-8 Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-6 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479106/326-30-50-4 + 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 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 marketable securities. This may consist of investments in certain debt and equity securities, short-term investments and other assets. + References No definition available. + Details
Name: | us-gaap_MarketableSecuritiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the proceeds from sales of available-for-sale securities and the gross realized gains and gross realized losses that have been included in earnings as a result of those sales. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-9 + Details
Name: | us-gaap_ScheduleOfRealizedGainLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration