XML 45 R33.htm IDEA: XBRL DOCUMENT
v3.23.2

Allowance for Credit Losses on Loans and Leases (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2023
Credit Loss [Abstract] |
Schedule of Activity in the Allowance for Loan and Lease Losses | The following table summarizes activity in the allowance for credit losses for the periods indicated:
| For the Six Months Ended June 30,
| 2023 |  | 2022
(in millions) | Mortgage |  | Other |  | Total |  | Mortgage |  | Other |  | Total
Balance, beginning of period | $ | 290 |  |  | $ | 103 |  |  | $ | 393 |  |  | $ | 178 |  |  | $ | 21 |  |  | $ | 199 |
Adjustment for Purchased PCD Loans | — |  | 13 |  | 13 |  | — |  | — |  | —
Charge-offs | (3) |  | (5) |  | (8) |  | (4) |  | — |  | (4)
Recoveries | — |  | 9 |  | 9 |  | 4 |  | 5 |  | 9
Provision for (recovery of) credit losses on loans and leases | 43 |  | 144 |  | 187 |  | 30 |  | (18) |  | 12
Balance, end of period | $ | 330 |  |  | $ | 264 |  |  | $ | 594 |  |  | $ | 208 |  |  | $ | 8 |  |  | $ | 216 |
Schedule of Additional Information about Nonaccrual Loans | The following table presents additional information about the Company’s nonaccrual loans at June 30, 2023:
(in millions) | Recorded Investment |  | Related Allowance |  | Interest Income Recognized
Nonaccrual loans with no related allowance: |  |  |  |  |
Multi-family | $ | 32 |  |  | $ | — |  |  | $ | — |
Commercial real estate | 34 |  | — |  | 1
One-to-four family first mortgage | 78 |  | — |  | —
Other (includes C&I) | 59 |  | — |  | —
Total nonaccrual loans with no related allowance | $ | 203 |  |  | $ | — |  |  | $ | 1 |
Nonaccrual loans with an allowance recorded: |  |  |  |  |
Multi-family | $ | 1 |  |  | $ | — |  |  | $ | — |
Commercial real estate | 2 |  | — |  | —
One-to-four family first mortgage | 7 |  | 3 |  | —
Other (includes C&I) | 20 |  | 15 |  | —
Total nonaccrual loans with an allowance recorded | $ | 30 |  |  | $ | 18 |  |  | $ | — |
Total nonaccrual loans: |  |  |  |  |
Multi-family | $ | 33 |  |  | $ | — |  |  | $ | — |
Commercial real estate | 36 |  | — |  | 1
One-to-four family first mortgage | 85 |  | 3 |  | —
Other (includes C&I) | 79 |  | 15 |  | —
Total nonaccrual loans | $ | 233 |  |  | $ | 18 |  |  | $ | 1 |
The following table presents additional information about the Company’s nonaccrual loans at December 31, 2022:
(in millions) | Recorded Investment |  | Related Allowance |  | Interest Income Recognized
Nonaccrual loans with no related allowance: |  |  |  |  |
Multi-family | $ | 13 |  |  | $ | — |  |  | $ | — |
Commercial real estate | 19 |  | — |  | 1
One-to-four family first mortgage | 90 |  | — |  | —
Other (includes C&I) | 3 |  | — |  | —
Total nonaccrual loans with no related allowance | $ | 125 |  |  | $ | — |  |  | $ | 1 |
Nonaccrual loans with an allowance recorded: |  |  |  |  |
Commercial real estate | $ | 1 |  |  | $ | — |  |  | $ | — |
One-to-four family first mortgage | 2 |  | — |  | —
Other (includes C&I) | 13 |  | 14 |  | —
Total nonaccrual loans with an allowance recorded | $ | 16 |  |  | $ | 14 |  |  | $ | — |
Total nonaccrual loans: |  |  |  |  |
Multi-family | $ | 13 |  |  | $ | — |  |  | $ | — |
Commercial real estate | 20 |  | — |  | 1
One-to-four family first mortgage | 92 |  | — |  | —
Other (includes C&I) | 16 |  | 14 |  | —
Total nonaccrual loans | $ | 141 |  |  | $ | 14 |  |  | $ | 1 |

X
- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-13 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-11B + Details
Name: | us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_CreditLossAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of impaired financing receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-15 + Details
Name: | us-gaap_ImpairedFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration