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Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Interest Income:        
Loans and leases $ 386 $ 382 $ 769 $ 774
Securities and money market investments 45 41 85 90
Total interest income 431 423 854 864
Interest Expense:        
Interest-bearing checking and money market accounts 7 10 16 39
Savings accounts 7 8 13 17
Certificates of deposit 14 65 32 145
Borrowed funds 72 74 144 153
Total interest expense 100 157 205 354
Net interest income 331 266 649 510
(Recovery of) provision for credit losses (4) 18 0 38
Net interest income after (recovery of) provision for credit losses 335 248 649 472
Non-Interest Income:        
Fee income 6 4 11 11
Bank-owned life insurance 8 9 15 17
Net gain on securities 0 1 0 1
Other 2 1 4 3
Total non-interest income 16 15 30 32
Operating expenses:        
Compensation and benefits 74 75 152 155
Occupancy and equipment 22 21 43 39
General and administrative 33 27 66 55
Total operating expenses 129 123 261 249
Merger-related expenses 10 0 10 0
Total non-interest expense 139 123 271 249
Income before income taxes 212 140 408 255
Income tax expense 60 35 111 50
Net income 152 105 297 205
Preferred stock dividends 8 8 16 16
Net income available to common shareholders $ 144 $ 97 $ 281 $ 189
Basic earnings per common share $ 0.30 $ 0.21 $ 0.60 $ 0.40
Diluted earnings per common share $ 0.30 $ 0.21 $ 0.60 $ 0.40
Net income $ 152 $ 105 $ 297 $ 205
Other comprehensive gain (loss), net of tax:        
Change in net unrealized gain (loss) on securities available for sale, net of tax of ($16); ($20); $25 and ($16) respectively 42 54 (66) 42
Change in pension and post-retirement obligations, net of tax of $0; $0; ($1) and $0, respectively (1) 0 2 0
Change in net unrealized gain (loss) on cash flow hedges, net of tax of $0; $2; ($1) and $16, respectively 0 (5) 3 (41)
Less: Reclassification adjustment for sales of available-for-sale securities, net of tax of $0; $0; $0 and $0, respectively 0 0 0 (1)
Reclassification adjustment for defined benefit pension plan, net of tax of ($1); $0; ($1) and ($1), respectively 2 1 3 3
Reclassification adjustment for net gain on cash flow hedges included in net income, net of tax of ($2); $0; ($3) and $0, respectively 4 1 8 0
Total other comprehensive gain (loss), net of tax 47 51 (50) 3
Total comprehensive income, net of tax $ 199 $ 156 $ 247 $ 208