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LOAN SERVICING (Tables) - Mortgage Servicing Rights
 12 Months Ended
Dec. 31, 2025
Servicing Assets at Fair Value [Line Items]  
Schedule of Servicing Asset at Amortized Cost The unpaid principal balance of mortgage loans serviced for others is listed below:
TABLE 7.1
December 3120252024
(in millions)
Mortgage loans sold with servicing retained$7,062 $6,429 
The following table summarizes activity relating to mortgage loans sold with servicing retained:
TABLE 7.2
Year Ended December 31202520242023
(in millions)
Mortgage loans sold with servicing retained$1,382 $1,280 $980 
Pre-tax net gains (losses) resulting from above loan sales (1)
22 21 3 
Mortgage servicing fees (1)
17 15 14 
(1) Recorded in mortgage banking operations on the Consolidated Statements of Income.
Following is a summary of activity relating to MSRs:
TABLE 7.3
Year Ended December 31202520242023
(in millions)
Balance at beginning of period$70.5 $59.5 $52.8 
Additions14.5 16.6 11.3 
Payoffs and curtailments(5.2)(3.4)(2.2)
Impairment (charge) / recovery— 0.1 (0.2)
Amortization / other(6.3)(2.3)(2.2)
Balance at end of period$73.5 $70.5 $59.5 
Fair value, beginning of period$86.3 $71.8 $68.6 
Fair value, end of period88.2 86.3 71.8 
Schedule of Assumptions for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement
Following is a summary of the sensitivity of the fair value of MSRs to changes in key assumptions:
TABLE 7.4
December 3120252024
(dollars in millions)
Weighted average life (months)8996
Constant prepayment rate (annualized)8.6 %7.6 %
Discount rate10.1 %10.3 %
Effect on fair value due to change in interest rates:
+2.00%$13 $6 
+1.00%10 5 
+0.50%7 3 
+0.25%4 2 
-0.25%(4)(2)
-0.50%(8)(5)
-1.00%(14)(11)
-2.00%(24)(20)
-3.00%(42)(34)