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Consolidated Statements of Condition - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
ASSETS:    
Cash and cash equivalents $ 11,475 $ 2,032
Securities:    
Debt Securities available-for-sale ($2,822 and $434 pledged at December 31, 2023 and December 31, 2022, respectively) 9,145 9,060
Equity investments with readily determinable fair values, at fair value 14 14
Total securities 9,159 9,074
Loans held for sale ($902 and $1,115 measured at fair value, respectively) 1,182 1,115
Loans and leases held for investment, net of deferred loan fees and costs 84,619 69,001
Less: Allowance for credit losses on loans and leases (992) (393)
Total loans and leases held for investment, net 83,627 68,608
Federal Home Loan Bank stock and Federal Reserve Bank stock, at cost 1,392 1,267
Premises and equipment, net 652 491
Core deposit and other intangibles 625 287
Goodwill 0 2,426
Mortgage servicing rights 1,111 1,033
Bank-owned life insurance 1,580 1,561
Other assets 3,254 2,250
Total assets 114,057 90,144
Deposits:    
Interest-bearing checking and money market accounts 30,700 22,511
Savings accounts 8,773 11,645
Certificates of deposit 21,554 12,510
Non-interest-bearing accounts 20,499 12,055
Total deposits 81,526 58,721
Borrowed funds:    
Federal Home Loan Bank and Federal Reserve Bank advances 20,250 20,325
Junior subordinated debentures 579 575
Subordinated notes 438 432
Total borrowed funds 21,267 21,332
Other liabilities 2,897 1,267
Total liabilities 105,690 81,320
Stockholders' equity:    
Preferred stock at par $0.01 (5,000,000 shares authorized): Series A (515,000 shares issued and outstanding) 503 503
Common stock at par $0.01 (900,000,000 shares authorized; 744,155,791 and 705,429,386 shares issued; and 722,066,370 and 681,217,334 shares outstanding, respectively) 7 7
Paid-in capital in excess of par 8,231 8,130
Retained earnings 443 1,041
Treasury stock, at cost ($22,089,421 and 24,212,052 shares, respectively) (218) (237)
Accumulated other comprehensive loss, net of tax:    
Net unrealized loss on securities available for sale, net of tax of $225 and $240, respectively (581) (626)
Net unrealized loss on pension and post-retirement obligations, net of tax of $12 and $18, respectively (28) (46)
Net unrealized gain on cash flow hedges, net of tax of $(6) and $(20), respectively 10 52
Total accumulated other comprehensive loss, net of tax (599) (620)
Total stockholders’ equity 8,367 8,824
Total liabilities and stockholders’ equity $ 114,057 $ 90,144