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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating Activities    
Net income $ 189 $ 172
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization and accretion 20 57
Provision for credit losses 25 30
Deferred tax expense 16 16
Tax benefit of stock-based compensation (1) 0
Loans originated for sale (577) (529)
Loans sold 556 590
Net gain on sale of loans (10) (12)
Net change in:    
Interest receivable (12) 1
Interest payable 6 3
Bank owned life insurance (3) (6)
Other, net (298) 27
Net cash flows provided by operating activities (87) 349
Investing Activities    
Net change in loans and leases (782) (720)
Debt securities available for sale:    
Purchases (175) (581)
Maturities 302 288
Debt securities held to maturity:    
Purchases (36) (224)
Maturities 209 168
Increase in premises and equipment (21) (10)
Loans sold, not originated for sale 110 0
Other, net 4 0
Net cash flows used in investing activities (397) (1,079)
Financing Activities    
Demand (non-interest bearing and interest bearing) and savings accounts 61 (110)
Time deposits 217 253
Short-term borrowings (418) 656
Proceeds from issuance of long-term borrowings 940 18
Repayment of long-term borrowings (227) (56)
Net proceeds from issuance of common stock 4 7
Cash dividends paid:    
Preferred stock (4) (4)
Common stock (78) (79)
Net cash flows provided by financing activities 495 685
Net Increase (Decrease) in Cash and Cash Equivalents 11 (45)
Cash and cash equivalents at beginning of period 488 479
Cash and Cash Equivalents at End of Period $ 499 $ 434