XML 40 R30.htm IDEA: XBRL DOCUMENT
v3.21.2

Borrowed Funds (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2021
Summary of Borrowed Funds | The following table summarizes the Company’s borrowed funds at the dates indicated:
(dollars in millions) |  | June 30, 2021 |  |  | December 31, 2020 |
Wholesale Borrowings: |  |  |  |  |  |
FHLB advances |  | $ | 14,003 |  |  | $ | 14,628 |
Repurchase agreements |  |  | 800 |  |  |  | 800 |
Total wholesale borrowings |  | $ | 14,803 |  |  | $ | 15,428 |
Junior subordinated debentures |  |  | 360 |  |  |  | 360 |
Subordinated notes |  |  | 296 |  |  |  | 296 |
Total borrowed funds |  | $ | 15,459 |  |  | $ | 16,084 |
Summary of Repurchase Agreements Accounted for Secured Borrowings | The following table summarizes the Company’s repurchase agreements accounted for as secured borrowings at June 30, 2021:
|  | Remaining Contractual Maturity of the Agreements |
(dollars in millions) |  | Overnight and Continuous |  |  | Up to 30 Days |  |  | 30–90 Days |  |  | Greater than 90 Days |
GSE obligations |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 800 |
Junior Subordinated Debentures Outstanding | The following junior subordinated debentures were outstanding at June 30, 2021:
Issuer | Interest Rate of Capital Securities and Debentures |  |  | Junior Subordinated Debentures Amount Outstanding |  |  | Capital Securities Amount Outstanding |  |  | Date of Original Issue |  | Stated Maturity |  | First Optional Redemption Date
(dollars in millions)
New York Community Capital Trust V (BONUSES SM Units) |  | 6.00 | % |  | $ | 146 |  |  | $ | 140 |  |  | Nov. 4, 2002 |  | Nov. 1, 2051 |  | Nov. 4, 2007(1)
New York Community Capital Trust X |  | 1.72 |  |  |  | 124 |  |  |  | 120 |  |  | Dec. 14, 2006 |  | Dec. 15, 2036 |  | Dec. 15, 2011 (2)
PennFed Capital Trust III |  | 3.37 |  |  |  | 31 |  |  |  | 30 |  |  | June 2, 2003 |  | June 15, 2033 |  | June 15, 2008 (2)
New York Community Capital Trust XI |  | 1.80 |  |  |  | 59 |  |  |  | 57 |  |  | April 16, 2007 |  | June 30, 2037 |  | June 30, 2012 (2)
Total junior subordinated debentures |  |  |  | $ | 360 |  |  | $ | 347 |  |  |  |  |  |  |
(1) Callable subject to certain conditions as described in the prospectus filed with the SEC on November 4, 2002. (2) Callable from this date forward.
Subordinated Debt |
Junior Subordinated Debentures Outstanding | At June 30, 2021 and December 31, 2020, the Company had $296 million of fixed-to-floating rate subordinated notes outstanding:
Date of Original Issue |  | Stated Maturity |  | Interest Rate(1) |  |  | Original Issue Amount |
(dollars in millions) |
Nov. 6, 2018 |  | Nov. 6, 2028 |  |  | 5.90 | % |  | $ | 300 |
(1) From and including the date of original issuance to, but excluding November 6, 2023, the Notes will bear interest at an initial rate of 5.90% per annum payable semi-annually. Unless redeemed, from and including November 6, 2023 to but excluding the maturity date, the interest rate will reset quarterly to an annual interest rate equal to the then-current three-month LIBOR rate plus 278 basis points payable quarterly.

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of borrowings under subordinated debt agreements that qualify as available in computing net capital under SEC uniform net capital rules for broker-dealers, including restrictive covenants, collateral, interest rates and due dates, amounts due by date and amount owed in total. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6479118&loc=d3e64650-112822 + Details
Name: | us-gaap_ScheduleOfSubordinatedBorrowingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the nature and risks of short-term collateralized financing obtained through repurchase agreements, securities lending transactions and repurchase-to-maturity transactions, accounted for as secured borrowings. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 30 -Section 50 -Paragraph 7 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=109249958&loc=SL34722452-111729 + Details
Name: | us-gaap_TransferOfCertainFinancialAssetsAccountedForAsSecuredBorrowingsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_SubordinatedDebtMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |