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Consolidated Statements of Condition - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
ASSETS:    
Cash and cash equivalents $ 12,890 $ 11,475
Debt Securities available-for-sale ($8,683 and $2,822 pledged at March 31, 2024 and December 31, 2023, respectively) 9,336 9,145
Equity investments with readily determinable fair values, at fair value 14 14
Total securities net of allowance for credit losses 9,350 9,159
Loans held for sale, at fair value 981 1,182
Loans and leases held for investment, net of deferred loan fees and costs ($66 and zero measured at fair value at March 31, 2024 and December 31, 2023, respectively) 82,327 84,619
Less: Allowance for credit losses on loans and leases (1,215) (992)
Total loans and leases held for investment, net 81,112 83,627
Federal Home Loan Bank stock and Federal Reserve Bank stock, at cost 1,550 1,392
Premises and equipment, net 679 652
Core deposit and other intangibles 590 625
Mortgage servicing rights 1,092 1,111
Bank-owned life insurance 1,586 1,580
Other assets 3,070 3,254
Total assets 112,900 114,057
Deposits:    
Interest-bearing checking and money market accounts 22,172 30,700
Savings accounts 8,171 8,773
Certificates of deposit 26,763 21,554
Non-interest-bearing accounts 17,752 20,499
Total deposits 74,858 81,526
Borrowed funds:    
Federal Home Loan Bank advances 23,750 20,250
Repurchase agreements 1,958 0
Total wholesale borrowings 25,708 20,250
Junior subordinated debentures 580 579
Subordinated notes 439 438
Total borrowed funds 26,727 21,267
Other liabilities 2,330 2,897
Total liabilities 103,915 105,690
Mezzanine equity:    
Preferred stock - Series B and Series C (See Note 17 - Mezzanine and Stockholders Equity ) 595 0
Stockholders' equity:    
Preferred stock - Series A (See Note 17 - Mezzanine and Stockholders Equity) 503 503
Common Stock, Value, Issued 8 7
Paid-in capital in excess of par 8,648 8,231
Retained earnings 73 443
Treasury stock, at cost (22,837,480 and 22,089,421 shares, respectively) (225) (218)
Accumulated other comprehensive loss, net of tax:    
Net unrealized loss on securities available for sale, net of tax of $248 and $225, respectively (651) (581)
Net unrealized loss on pension and post-retirement obligations, net of tax of $11 and $12, respectively (27) (28)
Net unrealized gain on cash flow hedges, net of tax of $(23) and $(6), respectively 61 10
Total accumulated other comprehensive loss, net of tax (617) (599)
Total stockholders’ equity 8,390 8,367
Total liabilities, Mezzanine and Stockholders’ Equity $ 112,900 $ 114,057