Document and Entity Information
Document and Entity Information - shares | 6 Months Ended | |
Jun. 30, 2023 | Jul. 28, 2023 | |
Entity Information [Line Items] | ||
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Jun. 30, 2023 | |
Document Transition Report | false | |
Entity File Number | 001-32550 | |
Entity Registrant Name | WESTERN ALLIANCE BANCORPORATION | |
Entity Incorporation, State or Country Code | DE | |
Entity Tax Identification Number | 88-0365922 | |
Entity Address, Address Line One | One E. Washington Street, Suite 1400 | |
Entity Address, City or Town | Phoenix | |
Entity Address, State or Province | AZ | |
Entity Address, Postal Zip Code | 85004 | |
City Area Code | 602 | |
Local Phone Number | 389-3500 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Large Accelerated Filer | |
Entity Small Business | false | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Central Index Key | 0001212545 | |
Document Fiscal Year Focus | 2023 | |
Document Fiscal Period Focus | Q2 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Entity Common Stock, Shares Outstanding | 109,503,457 | |
Common Stock [Member] | ||
Entity Information [Line Items] | ||
Title of 12(b) Security | Common Stock, $0.0001 Par Value | |
Trading Symbol | WAL | |
Security Exchange Name | NYSE | |
Noncumulative Preferred Stock | ||
Entity Information [Line Items] | ||
Title of 12(b) Security | Depositary Shares, Each Representing a 1/400th Interest in a Share of 4.250% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A | |
Trading Symbol | WAL PrA | |
Security Exchange Name | NYSE |
CONSOLIDATED BALANCE SHEETS
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 | ||
Assets: | ||||
Cash and due from banks | $ 288 | $ 259 | ||
Interest-bearing deposits in other financial institutions | 1,865 | 784 | ||
Cash and cash equivalents | 2,153 | 1,043 | ||
Debt Securities, Available-for-sale, Amortized Cost | 9,454 | 7,973 | ||
Debt Securities, Available-for-Sale, Allowance for Credit Loss, Excluding Accrued Interest | 4.4 | 0 | ||
Debt Securities, Available-for-sale | 8,631 | [1] | 7,092 | [2] |
Debt Securities, Held-to-maturity, Allowance for Credit Loss | (6) | (5.2) | ||
Debt Securities, Held-to-maturity, Fair Value | 1,186 | 1,112 | ||
Debt Securities, Held-to-maturity, Net of Allowance | 1,361 | 1,284 | ||
Investment securities - equity | 139 | [1] | 160 | [2] |
Investments in restricted stock, at cost | 243 | 224 | ||
Loans Receivable Held-for-sale, Amount | 3,156 | 1,184 | ||
Loans: | ||||
Loans and Leases Receivable, Net of Deferred Income | 47,875 | 51,862 | ||
Less: Allowance for credit losses | (321.1) | (309.7) | ||
Net loans held for investment | 47,554 | 51,552 | ||
Servicing Asset | 1,007 | 1,148 | ||
Premises and equipment, net | 315 | 276 | ||
Operating Lease, Right-of-Use Asset | 151 | 163 | ||
Bank owned life insurance | 184 | 182 | ||
Goodwill and intangible assets, net | 674 | 680 | ||
Deferred Income Tax Assets, Net | 315 | 311 | ||
Investments in LIHTC and renewable energy | 596 | 624 | ||
Other assets | 1,681 | 1,811 | ||
Total assets | 68,160 | 67,734 | ||
Deposits: | ||||
Non-interest-bearing demand | 16,733 | 19,691 | ||
Interest-bearing | 34,308 | 33,953 | ||
Total deposits | 51,041 | 53,644 | ||
Other borrowings | 9,567 | 6,299 | ||
Qualifying debt | 888 | 893 | ||
Operating Lease, Liability | 179 | 185 | ||
Other liabilities | 800 | 1,357 | ||
Total liabilities | 62,475 | 62,378 | ||
Commitments and Contingencies | ||||
Preferred Stock, Par or Stated Value Per Share | $ 0.0001 | $ 0.0001 | ||
Preferred Stock, Liquidation Preference Per Share | $ 25 | $ 25 | ||
Preferred Stock, Shares Authorized | 20,000,000 | 20,000,000 | ||
Preferred Stock, Shares Outstanding | 12,000,000 | 12,000,000 | ||
Common stock, par value | $ 0.0001 | $ 0.0001 | ||
Common stock, shares authorized | 200,000,000 | 200,000,000 | ||
Common Stock, Shares, Issued | 112,211,949 | 111,465,292 | ||
Treasury Stock, Common, Shares | 2,701,985 | 2,550,766 | ||
Stockholders’ equity: | ||||
Preferred Stock, Value, Issued | $ 295 | $ 295 | ||
Common Stock, Value, Issued | 2,180 | 2,163 | ||
Treasury Stock, Value | (116) | (105) | ||
Accumulated other comprehensive loss | (610.5) | (661) | ||
Retained earnings | 3,937 | 3,664 | ||
Total stockholders’ equity | 5,684.9 | 5,356 | ||
Total liabilities and stockholders’ equity | $ 68,160 | $ 67,734 | ||
[1]ratings differ, the Company uses an average of the available ratings by major credit agencies.[2]For rated securities, if ratings differ, the Company uses an average of the available ratings by major credit agencies. |
CONSOLIDATED BALANCE SHEETS (Pa
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 |
Debt Securities, Available-for-sale, Amortized Cost | $ 9,454 | $ 7,973 |
Debt Securities, Held-to-maturity, Fair Value | $ 1,186 | $ 1,112 |
Common stock, par value | $ 0.0001 | $ 0.0001 |
Common stock, shares authorized | 200,000,000 | 200,000,000 |
Common stock, shares issued | 112,211,949 | 111,465,292 |
Treasury Stock, Value | $ 116 | $ 105 |
CONSOLIDATED STATEMENTS OF OPER
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands, shares in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Interest income: | ||||
Loans, including fees | $ 857,200 | $ 516,600 | $ 1,689,900 | $ 951,300 |
Investment securities | 110,300 | 57,600 | 204,600 | 104,300 |
Dividends and other | 33,300 | 5,400 | 75,200 | 8,500 |
Total interest income | 1,000,800 | 579,600 | 1,969,700 | 1,064,100 |
Interest expense: | ||||
Deposits | 251,100 | 27,100 | 482,700 | 41,200 |
Qualifying debt | 9,500 | 8,600 | 18,800 | 17,000 |
Other borrowings | 189,900 | 18,900 | 308,000 | 31,400 |
Total interest expense | 450,500 | 54,600 | 809,500 | 89,600 |
Net interest income | 550,300 | 525,000 | 1,160,200 | 974,500 |
Provision for credit losses | 21,800 | 27,500 | 41,200 | 36,500 |
Net interest income after provision for credit losses | 528,500 | 497,500 | 1,119,000 | 938,000 |
Non-interest income: | ||||
Net gain on loan origination and sale activities | 62,300 | 27,200 | 93,700 | 64,100 |
Loan servicing fees, net | 24,100 | 45,400 | 66,000 | 86,500 |
Service charges and fees | 20,800 | 7,600 | 30,300 | 14,600 |
Commercial banking related income | 6,000 | 5,800 | 12,200 | 10,900 |
Gain on recovery from credit guarantees | 1,200 | 9,000 | 4,500 | 11,300 |
Income from equity instruments | 700 | 5,200 | 2,100 | 9,300 |
Gain on sales of investment securities | (13,600) | 200 | 26,100 | (6,700) |
Assets, Fair Value Adjustment | 12,700 | (10,000) | (135,100) | (16,600) |
Other income | 4,800 | 5,000 | 13,400 | 14,500 |
Total non-interest income | 119,000 | (95,000) | (61,000) | (201,300) |
Non-interest expense: | ||||
Salaries and employee benefits | 145,600 | 139,000 | 294,500 | 277,300 |
Deposit costs | 91,000 | 18,100 | 177,900 | 27,400 |
Insurance | 33,000 | 6,900 | 48,700 | 14,100 |
Data processing | 28,600 | 19,700 | 55,000 | 37,300 |
Legal, professional, and directors' fees | 26,400 | 25,100 | 49,500 | 49,100 |
Expense Related to Distribution or Servicing and Underwriting Fees | 18,400 | 14,700 | 32,200 | 25,500 |
Occupancy | 15,400 | 13,000 | 31,900 | 25,800 |
Loan Processing Fee | 5,600 | 6,400 | 10,000 | 12,900 |
Business development and marketing | 5,000 | 5,400 | 10,200 | 9,800 |
Gain (Loss) on Extinguishment of Debt | (700) | 0 | (13,400) | 0 |
Other expense | 19,100 | 20,600 | 38,800 | 38,300 |
Total non-interest expense | 387,400 | 268,900 | 735,300 | 517,500 |
Income before provision for income taxes | 260,100 | 323,600 | 444,700 | 621,800 |
Income Tax Expense (Benefit) | 44,400 | 63,400 | 86,800 | 121,500 |
Net income | 215,700 | 260,200 | 357,900 | 500,300 |
Preferred Stock Dividends, Income Statement Impact | 3,200 | 3,200 | 6,400 | 6,400 |
Net income available to common shareholders | $ 212,500 | $ 257,000 | $ 351,500 | $ 493,900 |
Earnings per share: | ||||
Basic | $ 1.96 | $ 2.40 | $ 3.25 | $ 4.63 |
Diluted | $ 1.96 | $ 2.39 | $ 3.24 | $ 4.61 |
Weighted average number of common shares outstanding: | ||||
Basic | 108.3 | 107.3 | 108.2 | 106.7 |
Diluted | 108.3 | 107.7 | 108.3 | 107.1 |
Dividends declared per common share | $ 0.36 | $ 0.35 | $ 0.72 | $ 0.70 |
CONSOLIDATED STATEMENTS OF COMP
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Statement of Comprehensive Income [Abstract] | ||||
Net income | $ 215.7 | $ 260.2 | $ 357.9 | $ 500.3 |
Other comprehensive income (loss), net: | ||||
Unrealized (loss) gain on AFS securities, net of tax effect of $11.2, $93.3, $(9.5), and $174.1 respectively | 11.2 | 93.3 | (9.5) | 174.1 |
OCI, Debt Securities, Available-for-Sale, Unrealized Holding Gain (Loss), before Adjustment, after Tax | (34.2) | (284.5) | 25.9 | (532.4) |
Unrealized gain (loss) on junior subordinated debt, net of tax effect of $(1.7), $(0.7), $(1.3), and $(1.4) respectively | 1.7 | (0.7) | 1.3 | 1.4 |
Other Comprehensive Income (Loss), Financial Liability, Fair Value Option, Unrealized Gain (Loss) Arising During Period, after Tax | (5) | 2 | 3.9 | 4.2 |
Realized loss (gain) on sale of AFS securities included in income, net of tax effect of $(3.4), $0.1, $(6.6), and $1.9 respectively | 3.4 | 0.1 | 6.6 | (1.9) |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax | 10.2 | (0.3) | 19.5 | (5.4) |
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI for Write-down of Securities, Tax | 0 | 0 | (0.4) | 0 |
Net other comprehensive (loss) income | (19) | (282.8) | 50.5 | (533.6) |
Comprehensive income (loss) | 196.7 | (22.6) | 408.4 | (33.3) |
OCI, Debt Securities, Available-for-Sale, Gain (Loss), after Adjustment and Tax | 0 | 0 | 1.2 | 0 |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Debt Securities, Available-for-Sale, Allowance for Credit Loss, Excluding Accrued Interest | 4.4 | 4.4 | ||
Debt Securities, Available-for-Sale, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 0 | (17.1) | ||
Debt Securities, Available-for-Sale, Excluding Accrued Interest, Allowance for Credit Loss, Recovery | 0 | 0 | ||
Debt Securities, Held-to-Maturity, Allowance for Credit Loss, Excluding Accrued Interest | 6 | 3.2 | 6 | 3.2 |
Debt Securities, Held-to-Maturity, Excluding Accrued Interest, Credit Loss Expense (Reversal) | (0.5) | 0 | 0.8 | 2 |
Debt Securities, Held-to-Maturity, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 0 | 0 | 0 | 0 |
Debt Securities, Held-to-Maturity, Excluding Accrued Interest, Allowance for Credit Loss, Recovery | 0 | $ 0 | 0 | $ 0 |
Accrued Investment Income Receivable | $ 4 | $ 4 |
CONSOLIDATED STATEMENTS OF STOC
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Millions | Total | Preferred Stock [Member] | Common Stock [Member] | Additional Paid in Capital [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Retained Earnings [Member] | Treasury Stock, Common | |
Beginning balance, shares at Dec. 31, 2021 | 12,000,000 | 106,600,000 | ||||||
Beginning balance at Dec. 31, 2021 | $ 4,962.6 | $ 294.5 | $ 0 | $ 1,966.2 | $ 15.7 | $ 2,773 | $ 86.8 | |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||
Net income | 500.3 | 500.3 | ||||||
Restricted stock grants, net, shares | (600,000) | |||||||
Restricted stock grants, net | 20.9 | 20.9 | ||||||
Treasury Stock, Shares, Acquired | [1] | 200,000 | ||||||
Treasury Stock, Value, Acquired, Cost Method | [1] | $ 17.5 | 17.5 | |||||
Stock Issued During Period, Shares, New Issues | 1,300,000 | 1,300,000 | ||||||
Stock Issued During Period, Value, New Issues | $ 107.7 | 107.7 | ||||||
Dividends, Preferred Stock, Cash | (6.4) | (6.4) | ||||||
Dividends, Common Stock, Cash | (75.2) | (75.2) | ||||||
Other comprehensive (loss) income, net | (533.6) | (533.6) | ||||||
Ending balance, shares at Jun. 30, 2022 | 12,000,000 | 108,300,000 | ||||||
Ending Balance at Jun. 30, 2022 | 4,958.8 | $ 294.5 | $ 0 | 2,094.8 | (517.9) | 3,191.7 | 104.3 | |
Beginning balance, shares at Mar. 31, 2022 | 12,000,000 | 108,300,000 | ||||||
Beginning balance at Mar. 31, 2022 | 5,011.6 | $ 294.5 | $ 0 | 2,083.7 | (235.1) | 2,972.6 | 104.1 | |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||
Net income | 260.2 | 260.2 | ||||||
Restricted stock grants, net, shares | 0 | |||||||
Restricted stock grants, net | 11.1 | 11.1 | ||||||
Treasury Stock, Shares, Acquired | [1] | 0 | ||||||
Treasury Stock, Value, Acquired, Cost Method | [1] | 0.2 | 0.2 | |||||
Dividends, Preferred Stock, Cash | (3.2) | (3.2) | ||||||
Dividends, Common Stock, Cash | (37.9) | (37.9) | ||||||
Other comprehensive (loss) income, net | (282.8) | (282.8) | ||||||
Ending balance, shares at Jun. 30, 2022 | 12,000,000 | 108,300,000 | ||||||
Ending Balance at Jun. 30, 2022 | 4,958.8 | $ 294.5 | $ 0 | 2,094.8 | (517.9) | 3,191.7 | 104.3 | |
Beginning balance, shares at Dec. 31, 2022 | 12,000,000 | 108,900,000 | ||||||
Beginning balance at Dec. 31, 2022 | 5,356 | $ 294.5 | $ 0 | 2,163.7 | (661) | 3,664.1 | 105.3 | |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||
Net income | 357.9 | 357.9 | ||||||
Restricted stock grants, net, shares | (700,000) | |||||||
Restricted stock grants, net | 16.6 | 16.6 | ||||||
Treasury Stock, Shares, Acquired | [1] | 100,000 | ||||||
Treasury Stock, Value, Acquired, Cost Method | [1] | 10.9 | 10.9 | |||||
Dividends, Preferred Stock, Cash | (6.4) | (6.4) | ||||||
Dividends, Common Stock, Cash | (78.8) | (78.8) | ||||||
Other comprehensive (loss) income, net | 50.5 | 50.5 | ||||||
Ending balance, shares at Jun. 30, 2023 | 12,000,000 | 109,500,000 | ||||||
Ending Balance at Jun. 30, 2023 | 5,684.9 | $ 294.5 | $ 0 | 2,180.3 | (610.5) | 3,936.8 | 116.2 | |
Beginning balance, shares at Mar. 31, 2023 | 12,000,000 | 109,500,000 | ||||||
Beginning balance at Mar. 31, 2023 | 5,520.5 | $ 294.5 | $ 0 | 2,169.8 | (591.5) | 3,763.7 | 116 | |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||
Net income | 215.7 | 215.7 | ||||||
Restricted stock grants, net, shares | 0 | |||||||
Restricted stock grants, net | 10.5 | 10.5 | ||||||
Treasury Stock, Shares, Acquired | [1] | 0 | ||||||
Treasury Stock, Value, Acquired, Cost Method | [1] | 0.2 | 0.2 | |||||
Dividends, Preferred Stock, Cash | (3.2) | (3.2) | ||||||
Dividends, Common Stock, Cash | (39.4) | (39.4) | ||||||
Other comprehensive (loss) income, net | (19) | (19) | ||||||
Ending balance, shares at Jun. 30, 2023 | 12,000,000 | 109,500,000 | ||||||
Ending Balance at Jun. 30, 2023 | $ 5,684.9 | $ 294.5 | $ 0 | $ 2,180.3 | $ (610.5) | $ 3,936.8 | $ 116.2 | |
[1] The fair value of assets and liabilities measured at fair value on a recurring basis was determined using the following inputs: Fair Value Measurements at the End of the Reporting Period Using: Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Fair Value June 30, 2023 (in millions) Assets: Available-for-sale debt securities CLO $ — $ 2,144 $ — $ 2,144 Commercial MBS issued by GSEs — 60 — 60 Corporate debt securities — 338 — 338 Private label residential MBS — 1,141 — 1,141 Residential MBS issued by GSEs — 1,765 — 1,765 Tax-exempt — 830 — 830 U.S. Treasury securities 2,286 — — 2,286 Other 27 40 — 67 Total AFS debt securities $ 2,313 $ 6,318 $ — $ 8,631 Equity securities Common stock $ 2 $ — $ — $ 2 CRA investments 25 12 — 37 Preferred stock 95 5 — 100 Total equity securities $ 122 $ 17 $ — $ 139 Loans HFS (2) $ — $ 1,337 $ 3 $ 1,340 MSRs — — 1,007 1,007 Derivative assets (1) — 98 6 104 Liabilities: Junior subordinated debt (3) $ — $ — $ 57 $ 57 Derivative liabilities (1) — 37 4 41 (1) See "Note 11. Derivatives and Hedging Activities." In addition, the carrying value of loans is decreased by $52 million as of June 30, 2023 for the effective portion of the hedge, which relates to the fair value of the hedges put in place to mitigate against fluctuations in interest rates. Derivative assets and liabilities exclude margin of $85 million and $12 million, respectively. (2) Includes only the portion of loans HFS that is recorded at fair value at each reporting period pursuant to the election of FVO treatment. (3) Includes only the portion of junior subordinated debt that is recorded at fair value at each reporting period pursuant to the election of FVO treatment. Fair Value Measurements at the End of the Reporting Period Using: Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Fair Value December 31, 2022 (in millions) Assets: Available-for-sale debt securities CLO $ — $ 2,706 $ — $ 2,706 Commercial MBS issued by GSEs — 97 — 97 Corporate debt securities — 390 — 390 Private label residential MBS — 1,199 — 1,199 Residential MBS issued by GSEs — 1,740 — 1,740 Tax-exempt — 891 — 891 Other 24 45 — 69 Total AFS debt securities $ 24 $ 7,068 $ — $ 7,092 Equity securities Common stock $ 3 $ — $ — $ 3 CRA investments 24 25 — 49 Preferred stock 108 — — 108 Total equity securities $ 135 $ 25 $ — $ 160 Loans - HFS (2) $ — $ 1,172 $ 1 $ 1,173 Mortgage servicing rights — — 1,148 1,148 Derivative assets (1) — 42 5 47 Liabilities: Junior subordinated debt (3) $ — $ — $ 63 $ 63 Derivative liabilities (1) — 36 3 39 (1) See "Note 11. Derivatives and Hedging Activities." In addition, the carrying value of loans is decreased by $17 million as of December 31, 2022 for the effective portion of the hedge, which relates to the fair value of the hedges put in place to mitigate against fluctuations in interest rates. Derivative assets and liabilities exclude margin of $4 million and $1 million, respectively. (2) Includes only the portion of loans HFS that is recorded at fair value at each reporting period pursuant to the election of FVO treatment. (3) Includes only the portion of junior subordinated debt that is recorded at fair value at each reporting period pursuant to the election of FVO treatment. |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2023 | Jun. 30, 2022 | |
Cash flows from operating activities: | ||
Net income | $ 357,900 | $ 500,300 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||
Provision for credit losses | 41,200 | 36,500 |
Depreciation and amortization | 34,000 | 22,800 |
Stock-based compensation | 16,500 | 20,900 |
Deferred income taxes | (21,600) | (10,900) |
Amortization of net (discounts) premiums for investment securities | (15,400) | 12,300 |
Amortization of tax credit investments | 39,000 | 28,800 |
Amortization of operating lease right of use asset | 11,800 | 10,800 |
Amortization of net deferred loan fees and net purchase premiums | (46,900) | (30,500) |
Payments for Origination and Purchases of Loans Held-for-sale | 19,947,200 | 25,371,000 |
Proceeds from Sale and Collection of Loans Held-for-sale | 19,751,600 | 26,301,500 |
Servicing Asset at Fair Value, Additions | 387,200 | 397,500 |
Net losses (gains) on: | ||
Servicing Asset at Fair Value, Period Increase (Decrease) | (24,200) | 109,800 |
Assets, Fair Value Adjustment, Non-Cash | 137,900 | 16,600 |
Gain (Loss) on Sale of Investments | (26,100) | (6,700) |
Gain (Loss) on Extinguishment of Debt | (13,400) | 0 |
Other Operating Activities, Cash Flow Statement | 2,900 | 5,000 |
Other assets and liabilities, net | (105,700) | (59,100) |
Net cash (used in) provided by operating activities | (100,100) | (960,000) |
Investment securities - AFS | ||
Payments to Acquire Debt Securities, Available-for-sale | 5,111,100 | 2,235,400 |
Principal pay downs and maturities | 2,917,300 | 410,500 |
Proceeds from sales | 770,400 | 119,600 |
Debt Securities, Held-to-maturity [Abstract] | ||
Purchases | 105,900 | 129,500 |
Principal pay downs and maturities | 27,700 | 18,900 |
Equity Securities, FV-NI, Gain (Loss) [Abstract] | ||
Purchases | (2,100) | (34,900) |
Redemptions | 300 | 300 |
Proceeds from Sale of Equity securities, FV-NI | 0 | 14,100 |
Proceeds from Sale of Mortgage Servicing Rights (MSR) | 464,300 | 363,800 |
Purchase of Other Investments | (102,600) | (168,600) |
Net decrease (increase) in loans HFI | 1,569,100 | (7,954,500) |
Purchase of premises, equipment, and other assets, net | (60,800) | (47,400) |
Payments to Acquire Businesses, Net of Cash Acquired | 0 | 50,000 |
Net cash provided by (used in) investing activities | 366,600 | 9,693,100 |
Cash flows from financing activities: | ||
Net (decrease) increase in deposits | (2,603,000) | 6,100,100 |
Net proceeds from issuance of long-term debt | 9,900 | 486,600 |
Repayments of Subordinated Debt | (531,500) | (17,400) |
Net increase in short-term borrowings | 1,603,800 | 3,524,600 |
Proceeds from Short-Term Debt, Maturing in More than Three Months | 2,661,800 | 0 |
Repayments of Short-Term Debt, Maturing in More than Three Months | (201,600) | 0 |
Cash paid for tax withholding on vested restricted stock and other | 10,900 | 17,500 |
Cash dividends paid on common stock and preferred stock | 85,200 | 81,600 |
Proceeds from Issuance of Common Stock | 0 | 107,700 |
Net cash provided by financing activities | 843,300 | 10,102,500 |
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | 1,109,800 | 1,369,400 |
Cash, cash equivalents, and restricted cash at beginning of period | 1,043,400 | 516,400 |
Cash, cash equivalents, and restricted cash at end of period | 2,153,200 | 1,885,800 |
Cash paid during the period for: | ||
Interest Paid, Excluding Capitalized Interest, Operating Activities | 740,900 | 87,900 |
Income Taxes Paid, Net | 44,500 | 185,000 |
Transfers of mortgage-backed securities in settlement of secured borrowings | 275,600 | 281,500 |
Net increase (decrease) in unfunded commitments and obligations | 12,600 | 207,200 |
Transfers of securitized LHFS to AFS securities | 86,700 | 89,600 |
Transfer of Portfolio Loans and Leases to Held-for-sale | 6,275,200 | 0 |
Transfer of EBO loans previously classified as HFS to HFI | $ 1,007,700 | $ 1,505,700 |
Deposits (Tables)
Deposits (Tables) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | |
Statement of Financial Position [Abstract] | |||||
Non-interest-bearing demand | $ 16,733 | $ 16,733 | $ 19,691 | ||
Interest-Bearing Domestic Deposit, Demand | 12,646 | 12,646 | 9,507 | ||
Deposits, Savings Deposits | 13,085 | 13,085 | 19,397 | ||
Time Deposits, $250,000 or more | 6,677 | 6,677 | 3,815 | ||
Time Deposits, Less than $250,000 | 1,900 | 1,900 | 1,234 | ||
Deposits | 51,041 | 51,041 | 53,644 | ||
Reciprocal Deposits | 11,400 | 11,400 | 2,800 | ||
Deposits, earnings credit | 14,900 | 14,900 | 12,900 | ||
Deposits costs, deposits with earnings credits | 87.8 | $ 17.3 | 173.4 | $ 26 | |
Deposits, Wholesale | 18,300 | 18,300 | $ 4,800 | ||
Time Deposit Maturities, Year One | 4,972 | 4,972 | |||
Time Deposit Maturities, Year Two | 3,202 | 3,202 | |||
Time Deposit Maturities, Year Three | 400 | 400 | |||
Time Deposit Maturities, Year Four | 2 | 2 | |||
Time Deposit Maturities, Year Five | 1 | 1 | |||
Time Deposits | $ 8,577 | $ 8,577 |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 6 Months Ended |
Jun. 30, 2023 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | Nature of operations WAL is a bank holding company headquartered in Phoenix, Arizona, incorporated under the laws of the state of Delaware. WAL provides a full spectrum of customized loan, deposit, and treasury management capabilities, including 24/7 funds transfer and other digital payment offerings through its wholly-owned banking subsidiary, WAB. WAB operates the following full-service banking divisions: ABA, BON, FIB, Bridge, and TPB. The Company also serves business customers through a national platform of specialized financial services, including mortgage banking services through AmeriHome, and digital payment services for the class action legal industry through DST. In addition, the Company has the following non-bank subsidiaries: CSI, a captive insurance company formed and licensed under the laws of the State of Arizona and established as part of the Company's overall enterprise risk management strategy, and WATC, which provides corporate trust services and levered loan administration solutions. Basis of presentation The accompanying Unaudited Consolidated Financial Statements as of June 30, 2023 and for the three and six months ended June 30, 2023 and 2022 have been prepared in accordance with GAAP for interim financial information and Article 10 of Regulation S-X and, therefore, do not include all of the information and footnotes required by GAAP for complete financial statements. Accordingly, these statements should be read in conjunction with the Company's audited Consolidated Financial Statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2022. The accounts of the Company and its consolidated subsidiaries are included in the Consolidated Financial Statements. The information furnished in these interim statements reflects all adjustments that are, in the opinion of management, necessary for a fair statement of the results for each respective period presented. Such adjustments are of a normal, recurring nature. The results of operations in the interim statements are not necessarily indicative of the results that may be expected for any other quarter or for the full year. Recent accounting pronouncements Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method In March 2023, the FASB issued guidance within ASU 2023-02, Investments — Equity Method and Joint Ventures (Topic 323). The amendments in this update permit entities to elect to account for tax equity investments, regardless of the tax credit program from which the income tax credits are received, using the proportional amortization method if certain conditions are met. Previously this option was only permitted for LIHTC investments. Additionally, the amendments in this update require that all tax equity investments accounted for using the proportional amortization method apply the delayed equity contribution guidance in Subtopic 323-740 and disclosure of the nature of an entity's tax equity investments and their effect on an entity's financial position and results of operations. The amendments in this update are effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years and are applied on a modified retrospective or a retrospective basis. The adoption of this guidance is not expected to have a material impact on the Company's Consolidated Financial Statements. Recently adopted accounting guidance Troubled Debt Restructurings and Vintage Disclosures In March 2022, the FASB issued guidance within ASU 2022-02, Financial Instruments—Credit Losses (Topic 326). The amendments in this update eliminate the accounting guidance and related disclosures for TDRs by creditors in Subtopic 310-40, Receivables—Troubled Debt Restructurings by Creditors , while enhancing disclosure requirements for certain loan refinancings and restructurings by creditors when a borrower is experiencing financial difficulty and requiring an entity to disclose current-period gross write-offs by year of origination for financing receivables and net investments in leases within the scope of Subtopic 326-20, Financial Instruments—Credit Losses—Measured at Amortized Cost . The Company adopted this accounting guidance prospectively on January 1, 2023. The adoption of this guidance did not have a material impact on the Company's Consolidated Financial Statements. Use of estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Management's estimates and judgments are ongoing and are based on experience, current and expected future conditions, third-party evaluations and various other assumptions that management believes are reasonable under the circumstances. The results of these estimates form the basis for making judgments about the carrying values of assets and liabilities, as well as identifying and assessing the accounting treatment with respect to commitments and contingencies. Actual results may differ from those estimates and assumptions used in the Consolidated Financial Statements and related notes. Material estimates that are susceptible to significant changes in the near term relate to: 1) the determination of the ACL; 2) certain assets and liabilities carried at fair value; and 3) accounting for income taxes. Principles of consolidation As of June 30, 2023, WAL has the following significant wholly-owned subsidiaries: WAB and eight unconsolidated subsidiaries used as business trusts in connection with the issuance of trust-preferred securities. WAB has the following significant wholly-owned subsidiaries: 1) WABT, which holds certain investment securities, municipal and nonprofit loans, and leases; 2) WA PWI, which holds interests in certain limited partnerships invested primarily in low income housing tax credits and small business investment corporations; 3) Helios Prime, which holds interests in certain limited partnerships invested in renewable energy projects; 4) BW Real Estate, Inc., which operates as a real estate investment trust and holds certain of WAB's real estate loans and related securities; and 5) Western Finance Company, which purchases and originates equipment finance leases and provides mortgage banking services through its wholly-owned subsidiary, AmeriHome. The Company does not have any other significant entities that should be consolidated. All significant intercompany balances and transactions have been eliminated in consolidation. Reclassifications Certain amounts in the Consolidated Income Statements for the prior periods have been reclassified to conform to the current presentation. The reclassifications had no effect on net income or stockholders’ equity as previously reported. Goodwill and other intangible assets The Company evaluated whether the continued effects from the March 2023 bank failures may give rise to a triggering event and elected to perform a Step 0 goodwill impairment assessment, which included analyzing qualitative factors applicable to the Company, the financial performance of the Company, and valuation metrics of publicly traded companies comparable to the Company and its reporting units. As of June 30, 2023, the Company does not believe that these events or circumstances have significantly altered the long-term financial performance of the Company. Accordingly, it was determined that it is more likely than not that the fair value of the Company and its reporting units exceeds their respective carrying values as of June 30, 2023. The Company's goodwill totaled $527 million at June 30, 2023 and December 31, 2022, with $290 million and $237 million allocated to the Commercial and Consumer Related segments, respectively. |
Investment Securities
Investment Securities | 6 Months Ended |
Jun. 30, 2023 | |
Investments, Debt and Equity Securities [Abstract] | |
Investment Securities | d fair values of investment securities are summarized as follows: June 30, 2023 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value (in millions) Held-to-maturity Private label residential MBS $ 192 $ — $ (40) $ 152 Tax-exempt 1,175 1 (142) 1,034 Total HTM securities $ 1,367 $ 1 $ (182) $ 1,186 Available-for-sale debt securities CLO $ 2,183 $ — $ (39) $ 2,144 Commercial MBS issued by GSEs 69 — (9) 60 Corporate debt securities 411 — (73) 338 Private label residential MBS 1,371 — (230) 1,141 Residential MBS issued by GSEs 2,141 — (376) 1,765 Tax-exempt 919 — (89) 830 U.S. Treasury securities 2,286 — — 2,286 Other 74 3 (10) 67 Total AFS debt securities $ 9,454 $ 3 $ (826) $ 8,631 December 31, 2022 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value (in millions) Held-to-maturity Private label residential MBS $ 198 $ — $ (39) $ 159 Tax-exempt 1,091 — (138) 953 Total HTM securities $ 1,289 $ — $ (177) $ 1,112 Available-for-sale debt securities CLO $ 2,796 $ — $ (90) $ 2,706 Commercial MBS issued by GSEs 104 1 (8) 97 Corporate debt securities 429 — (39) 390 Private label residential MBS 1,442 — (243) 1,199 Residential MBS issued by GSEs 2,123 — (383) 1,740 Tax-exempt 1,004 2 (115) 891 Other 75 6 (12) 69 Total AFS debt securities $ 7,973 $ 9 $ (890) $ 7,092 In addition, the Company held equity securities, which primarily consisted of preferred stock and CRA investments, with a fair value of $139 million and $160 million at June 30, 2023 and December 31, 2022, respectively. Unrealized gains on equity securities of $0.1 million and losses of $10.0 million for the three months ended June 30, 2023 and 2022, respectively, and losses of $8.4 million and $16.7 million for the six months ended June 30, 2023 and 2022, respectively, were recognized in earnings as a component of fair value loss adjustments. Securities with carrying amounts of approximately $ 7.3 billion 1.7 billion The following tables summarize the Company's AFS debt securities in an unrealized loss position, aggregated by major security type and length of time in a continuous unrealized loss position: June 30, 2023 Less Than Twelve Months More Than Twelve Months Total Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value (in millions) Available-for-sale debt securities CLO $ 2 $ 261 $ 37 $ 1,875 $ 39 $ 2,136 Commercial MBS issued by GSEs 1 12 8 45 9 57 Corporate debt securities (1) 2 15 71 320 73 335 Private label residential MBS 1 28 229 1,084 230 1,112 Residential MBS issued by GSEs 8 239 368 1,508 376 1,747 Tax-exempt 6 130 83 695 89 825 Other 2 18 8 36 10 54 Total AFS securities $ 22 $ 703 $ 804 $ 5,563 $ 826 $ 6,266 (1) Includes securities with an ACL that have a fair value of $109 million and unrealized losses of $40 million. December 31, 2022 Less Than Twelve Months More Than Twelve Months Total Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value (in millions) Available-for-sale debt securities CLO $ 81 $ 2,467 $ 9 $ 216 $ 90 $ 2,683 Commercial MBS issued by GSEs 4 46 4 14 8 60 Corporate debt securities 28 263 11 120 39 383 Private label residential MBS 27 279 216 912 243 1,191 Residential MBS issued by GSEs 82 600 301 1,101 383 1,701 Tax-exempt 93 752 22 78 115 830 Other 4 26 8 26 12 52 Total AFS securities $ 319 $ 4,433 $ 571 $ 2,467 $ 890 $ 6,900 The total number of AFS debt securities in an unrealized loss position at June 30, 2023 was 797, compared to 832 at December 31, 2022. On a quarterly basis, the Company performs an impairment analysis on its AFS debt securities that are in an unrealized loss position at the end of the period to determine whether credit losses should be recognized on these securities. Qualitative considerations made by the Company in its impairment analysis are further discussed below. Government Issued Securities Commercial and residential MBS are issued by either government agencies or GSEs. These securities are either explicitly or implicitly guaranteed by the U.S. government and are highly rated by major rating agencies. Further, principal and interest payments on these securities continue to be made on a timely basis. Non-Government Issued Securities Qualitative factors used in the Company's credit loss assessment of its securities that are not issued and guaranteed by the U.S. government include consideration of any adverse conditions related to a specific security, industry, or geographic region of its securities, any credit ratings below investment grade, the payment structure of the security and the likelihood of the issuer to be able to make payments that increase in the future, and failure of the issuer to make any scheduled principal or interest payments. For the Company's corporate debt and tax-exempt securities, the Company also considers various metrics of the issuer including days of cash on hand, the ratio of long-term debt to total assets, the net change in cash between reporting periods, and consideration of any breach in covenant requirements. The Company's corporate debt securities are primarily investment grade, issuers continue to make timely principal and interest payments, and the unrealized losses on these security portfolios primarily relate to changes in interest rates and other market conditions that are not considered to be credit-related issues. The Company continues to receive timely principal and interest payments on its tax-exempt securities and the majority of these issuers have revenues pledged for payment of debt service prior to payment of other types of expenses. In consideration of the continued effects from the March 2023 bank failures, the Company performed a targeted impairment analysis on its AFS debt securities issued by regional banks held in its corporate debt securities portfolio. The Company considered the issuers' credit ratings, probability of default, and other factors. As a result of the analysis, a $2.2 million and $21.5 million provision for credit losses was recognized during the three and six months ended June 30, 2023, respectively. The provision for credit losses for the six months ended June 30, 2023 included recognition of a $17.1 million charge-off for one debt security issued by a regional bank that was sold. The Company does not intend to sell and it is more likely than not that the Company will not be required to sell the remainder of these regional bank debt securities prior to their anticipated recovery, therefore, no credit losses on the Company's remaining AFS securities portfolio have been recognized during the three and six months ended June 30, 2023. For the Company's private label residential MBS, which consist of non-agency collateralized mortgage obligations that are secured by pools of residential mortgage loans, the Company also considers metrics such as securitization risk weight factor, current credit support, whether there were any mortgage principal losses resulting from defaults in payments on the underlying mortgage collateral, and the credit default rate over the last twelve months. These securities primarily carry investment grade credit ratings, principal and interest payments on these securities continue to be made on a timely basis, and credit support for these securities is considered adequate. The Company's CLO portfolio consists of highly rated securitization tranches, containing pools of medium to large-sized corporate, high yield loans. These are variable rate securities that have an investment grade rating of Single-A or better. Unrealized losses on these securities are primarily a function of the differential from the offer price and the valuation mid-market price as well as changes in interest rates. Unrealized losses on the Company's other securities portfolio relate to taxable municipal and trust preferred securities. The Company is continuing to receive timely principal and interest payments on its taxable municipal securities, these securities continue to be highly rated and the number of days of cash on hand is strong. The Company's trust preferred securities are investment grade and the issuers continue to make timely principal and interest payments. The following table presents a rollforward by major security type of the ACL on the Company's AFS debt securities: Three Months Ended June 30, 2023 Balance, Provision for Credit Losses Charge-offs Recoveries Balance, (in millions) Available for sale securities Corporate debt securities $ 2.2 $ 2.2 $ — $ — $ 4.4 Six Months Ended June 30, 2023 Balance, Provision for Credit Losses Charge-offs Recoveries Balance, (in millions) Available for sale securities Corporate debt securities $ — $ 21.5 $ (17.1) $ — $ 4.4 There were no credit losses recognized on AFS securities during the three and six months ended June 30, 2022. The credit loss model under ASC 326-20, applicable to HTM debt securities, requires recognition of lifetime expected credit losses through an allowance account at the time the security is purchased. The following table presents a rollforward by major security type of the ACL on the Company's HTM debt securities: Three Months Ended June 30, 2023 Balance, Provision for Credit Losses Charge-offs Recoveries Balance, (in millions) Held-to-maturity debt securities Tax-exempt $ 6.5 $ (0.5) $ — $ — $ 6.0 Six Months Ended June 30, 2023 Balance, Provision for Credit Losses Charge-offs Recoveries Balance, (in millions) Held-to-maturity debt securities Tax-exempt $ 5.2 $ 0.8 $ — $ — $ 6.0 Three Months Ended June 30, 2022: Balance, Provision for Credit Losses Charge-offs Recoveries Balance (in millions) Held-to-maturity debt securities Tax-exempt $ 3.2 $ — $ — $ — $ 3.2 Six Months Ended June 30, 2022: Balance, Provision for Credit Losses Charge-offs Recoveries Balance (in millions) Held-to-maturity debt securities Tax-exempt $ 5.2 $ (2.0) $ — $ — $ 3.2 No allowance has been recognized on the Company's HTM private label residential MBS as losses are not expected due to the Company holding a senior position in these securities. Accrued interest receivable on HTM securities totaled $4 million at June 30, 2023 and December 31, 2022, and is excluded from the estimate of expected credit losses. The following tables summarize the carrying amount of the Company’s investment ratings position, which are updated quarterly and used to monitor the credit quality of the Company's securities: June 30, 2023 AAA Split-rated AAA/AA+ AA+ to AA- A+ to A- BBB+ to BBB- BB+ and below Unrated Totals (in millions) Held-to-maturity Private label residential MBS $ — $ — $ — $ — $ — $ — $ 192 $ 192 Tax-exempt — — — — — — 1,175 1,175 Total HTM securities (1) $ — $ — $ — $ — $ — $ — $ 1,367 $ 1,367 Available-for-sale debt securities CLO $ 120 $ — $ 1,960 $ 64 $ — $ — $ — $ 2,144 Commercial MBS issued by GSEs — 60 — — — — — 60 Corporate debt securities — — — 70 219 49 — 338 Private label residential MBS 1,115 — 25 — — 1 — 1,141 Residential MBS issued by GSEs — 1,765 — — — — — 1,765 Tax-exempt 9 16 354 376 — — 75 830 U.S. Treasury securities — 2,286 — — — — — 2,286 Other — — 9 9 29 3 17 67 Total AFS securities (1) $ 1,244 $ 4,127 $ 2,348 $ 519 $ 248 $ 53 $ 92 $ 8,631 Equity securities Common stock $ — $ — $ — $ — $ — $ — $ 2 $ 2 CRA investments — 25 — — — — 12 37 Preferred stock — — — — 53 37 10 100 Total equity securities (1) $ — $ 25 $ — $ — $ 53 $ 37 $ 24 $ 139 (1) For rated securities, if ratings differ, the Company uses an average of the available ratings by major credit agencies. December 31, 2022 AAA Split-rated AAA/AA+ AA+ to AA- A+ to A- BBB+ to BBB- BB+ and below Unrated Totals (in millions) Held-to-maturity Private label residential MBS $ — $ — $ — $ — $ — $ — $ 198 $ 198 Tax-exempt — — — — — — 1,091 1,091 Total HTM securities (1) $ — $ — $ — $ — $ — $ — $ 1,289 $ 1,289 Available-for-sale debt securities CLO $ 310 $ — $ 2,121 $ 275 $ — $ — $ — $ 2,706 Commercial MBS issued by GSEs — 97 — — — — — 97 Corporate debt securities — — — 74 316 — — 390 Private label residential MBS 1,158 — 41 — — — — 1,199 Residential MBS issued by GSEs — 1,740 — — — — — 1,740 Tax-exempt 11 15 392 425 — — 48 891 Other — — 9 9 27 6 18 69 Total AFS securities (1) $ 1,479 $ 1,852 $ 2,563 $ 783 $ 343 $ 6 $ 66 $ 7,092 Equity securities Common stock $ — $ — $ — $ — $ — $ — $ 3 $ 3 CRA investments — 24 — — — — 25 49 Preferred stock — — — — 82 17 9 108 Total equity securities (1) $ — $ 24 $ — $ — $ 82 $ 17 $ 37 $ 160 (1) For rated securities, if ratings differ, the Company uses an average of the available ratings by major credit agencies. A security is considered to be past due once it is 30 days contractually past due under the terms of the agreement. As of June 30, 2023, the Company did not have a significant amount of investment securities that were past due or on nonaccrual status. The amortized cost and fair value of the Company's debt securities by contractual maturities are shown below. MBS are shown separately as individual MBS are comprised of pools of loans with varying maturities. Therefore, these securities are listed separately in the maturity summary. June 30, 2023 Amortized Cost Estimated Fair Value (in millions) Held-to-maturity Due in one year or less $ 22 $ 22 After one year through five years 6 6 After five years through ten years 33 31 After ten years 1,114 975 Mortgage-backed securities 192 152 Total HTM securities $ 1,367 $ 1,186 Available-for-sale Due in one year or less $ 2,286 $ 2,285 After one year through five years 166 149 After five years through ten years 898 832 After ten years 2,523 2,399 Mortgage-backed securities 3,581 2,966 Total AFS securities $ 9,454 $ 8,631 The following table presents gross gains and losses on sales of investment securities: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (in millions) Available-for-sale securities Gross gains $ 0.1 $ 0.4 $ 3.5 $ 7.3 Gross losses (13.7) — (29.6) — Net (losses) gains on AFS securities $ (13.6) $ 0.4 $ (26.1) $ 7.3 Equity securities Gross gains $ — $ — $ — $ — Gross losses — (0.6) — (0.6) Net losses on equity securities $ — $ (0.6) $ — $ (0.6) During the three months ended June 30, 2023, the Company sold securities with a carrying value of $355 million and recognized a net loss of $13.6 million. During the six months ended June 30, 2023, the Company sold securities with a carrying value of $814 million and recognized a net loss of $26.1 million. Sales of CLOs were executed as part of the Company's balance sheet repositioning strategy and resulted in the gross losses above. Sales of MBS and tax-exempt municipal securities were completed to secure gains. During the three and six months ended June 30, 2022, the Company sold securities with a carrying value of $22 million and $107 million, respectively, and incurred a net loss of $0.2 million and a net gain of $6.7 million. |
Accumulated Other Comprehensive
Accumulated Other Comprehensive Income | 6 Months Ended |
Jun. 30, 2023 | |
Equity [Abstract] | |
Accumulated Other Comprehensive Income | The following table summarizes the changes in accumulated other comprehensive income (loss) by component, net of tax, for the periods indicated: Three Months Ended June 30, Unrealized holding gains (losses) on AFS securities Unrealized holding losses on SERP Unrealized holding gains (losses) on junior subordinated debt Impairment loss on securities Total (in millions) Balance, March 31, 2023 $ (594.3) $ (0.3) $ 1.9 $ 1.2 $ (591.5) Other comprehensive (loss) income before reclassifications (34.2) — 5.0 — (29.2) Amounts reclassified from AOCI 10.2 — — — 10.2 Net current-period other comprehensive (loss) income (24.0) — 5.0 — (19.0) Balance, June 30, 2023 $ (618.3) $ (0.3) $ 6.9 $ 1.2 $ (610.5) Balance, March 31, 2022 $ (236.3) $ (0.3) $ 1.5 $ — $ (235.1) Other comprehensive (loss) income before reclassifications (284.5) — 2.0 — (282.5) Amounts reclassified from AOCI (0.3) — — — (0.3) Net current-period other comprehensive (loss) income (284.8) — 2.0 — (282.8) Balance, June 30, 2022 $ (521.1) $ (0.3) $ 3.5 $ — $ (517.9) Six Months Ended June 30, Unrealized holding gains (losses) on AFS securities Unrealized holding losses on SERP Unrealized holding gains (losses) on junior subordinated debt Impairment loss on securities Total (in millions) Balance, December 31, 2022 $ (663.7) $ (0.3) $ 3.0 $ — $ (661.0) Other comprehensive income before reclassifications 25.9 — 3.9 1.2 31.0 Amounts reclassified from AOCI 19.5 — — — 19.5 Net current-period other comprehensive income 45.4 — 3.9 1.2 50.5 Balance, June 30, 2023 $ (618.3) $ (0.3) $ 6.9 $ 1.2 $ (610.5) Balance, December 31, 2021 $ 16.7 $ (0.3) $ (0.7) $ — $ 15.7 Other comprehensive (loss) income before reclassifications (532.4) — 4.2 — (528.2) Amounts reclassified from AOCI (5.4) — — — (5.4) Net current-period other comprehensive (loss) income (537.8) — 4.2 — (533.6) Balance, June 30, 2022 $ (521.1) $ (0.3) $ 3.5 $ — $ (517.9) |
Derivatives and Hedging
Derivatives and Hedging | 3 Months Ended |
Jun. 30, 2023 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Derivatives and Hedging Activities | 11. DERIVATIVES AND HEDGING ACTIVITIES The Company is a party to various derivative instruments. The primary types of derivatives that the Company uses are interest rate contracts, forward purchase and sale commitments, and interest rate futures. Generally, these instruments are used to help manage the Company's exposure to interest rate risk related to IRLCs and its inventory of loans HFS and MSRs and also to meet client financing and hedging needs. Derivatives are recorded at fair value on the Consolidated Balance Sheets, after taking into account the effects of bilateral collateral and master netting agreements. These agreements allow the Company to settle all derivative contracts held with the same counterparty on a net basis, and to offset net derivative positions with related cash collateral, where applicable. Derivatives Designated in Hedge Relationships The Company utilizes derivatives that have been designated as part of a hedge relationship in accordance with the applicable accounting guidance to minimize the exposure to changes in benchmark interest rates and volatility of net interest income and EVE to interest rate fluctuations. The primary derivative instruments used to manage interest rate risk are interest rate swaps, which convert the contractual interest rate index of agreed-upon amounts of assets and liabilities (i.e., notional amounts) from either a fixed rate to a variable rate, or from a variable rate to a fixed rate. The Company has pay fixed/receive variable interest rate swaps designated as fair value hedges of certain fixed rate loans. As a result, the Company receives variable-rate interest payments in exchange for making fixed-rate payments over the lives of the contracts without exchanging the notional amounts. The variable-rate interest payments are based on LIBOR and converted to SOFR plus a spread adjustment upon the discontinuation of LIBOR in June 2023. The Company also has pay fixed/receive variable interest rate swaps, designated as fair value hedges using the portfolio layer method to manage the exposure to changes in fair value associated with fixed rate loans, resulting from changes in the designated benchmark interest rate (federal funds rate). These portfolio layer hedges provide the Company the ability to execute a fair value hedge of the interest rate risk associated with a portfolio of similar prepayable assets. Under these interest rate swap contracts, the Company receives a variable rate based on SOFR and pays a fixed rate on the outstanding notional amount. The Company also had pay fixed/receive variable interest rate swaps, designated as fair value hedges using the last-of-layer method. Upon termination of these last-of-layer hedges in 2022, the cumulative basis adjustment on these hedges was allocated across the remaining loan pool and is being amortized over the remaining term. At June 30, 2023, the remaining cumulative basis adjustment on the terminated last-of-layer hedges totaled $15 million. Derivatives Not Designated in Hedge Relationships Management enters into certain foreign exchange derivative contracts, back-to-back interest rate contracts, and risk participation agreements which are not designated as accounting hedges. Foreign exchange derivative contracts include spot, forward, forward window, and swap contracts. The purpose of these derivative contracts is to mitigate foreign currency risk on transactions entered into, or on behalf of customers. Contracts with customers, along with the related derivative trades that the Company places, are both remeasured at fair value, and are referred to as economic hedges since they economically offset the Company's exposure. The Company's back-to-back interest rate contracts are used to allow customers to manage long-term interest rate risk. Risk participation agreements are entered into with lead banks in certain loan syndications to share in the risk of default on interest rate swaps on the participated loan. The Company also uses derivative financial instruments to manage exposure to interest rate risk within its mortgage banking business related to IRLCs and its inventory of loans HFS and MSRs. The Company economically hedges the changes in fair value associated with changes in interest rates generally by utilizing forward sale commitments, interest rate futures and interest rate swaps. Fair Value Hedges As of June 30, 2023 and December 31, 2022, the following amounts are reflected on the Consolidated Balance Sheets related to cumulative basis adjustments for outstanding fair value hedges: June 30, 2023 December 31, 2022 Carrying Value of Hedged Assets/(Liabilities) Cumulative Fair Value Hedging Adjustment (1) Carrying Value of Hedged Assets/(Liabilities) Cumulative Fair Value Hedging Adjustment (1) (in millions) Loans HFI, net of deferred loan fees and costs (2) $ 3,934 $ 52 $ 447 $ 17 (1) Included in the carrying value of the hedged assets/(liabilities). (2) As of June 30, 2023, included portfolio layer method derivative instruments with $3.5 billion designated as the hedged amount (from a closed portfolio of prepayable fixed rate loans with a carrying value of $6.8 billion). The cumulative basis adjustment included in the carrying value of these hedged items totaled $29 million. For the Company's derivative instruments that are designated and qualify as fair value hedges, the gain or loss on the derivative instrument as well as the offsetting loss or gain on the hedged item attributable to the hedged risk are recognized in current period earnings. The loss or gain on the hedged item is recognized in the same line item as the offsetting loss or gain on the related interest rate swaps. For loans, the gain or loss on the hedged item is included in interest income, as shown in the table below. Three Months Ended June 30, 2023 2022 Income Statement Classification Gain/(Loss) on Swaps Gain/(Loss) on Hedged Item Gain/(Loss) on Swaps Gain/(Loss) on Hedged Item (in millions) Interest income $ 39.0 $ (39.0) $ 15.2 $ (15.2) Six Months Ended June 30, 2023 2022 Income Statement Classification Gain/(Loss) on Swaps Gain/(Loss) on Hedged Item Gain/(Loss) on Swaps Gain/(Loss) on Hedged Item (in millions) Interest income $ 34.7 $ (34.7) $ 48.7 $ (48.7) In addition to the gains and losses on the Company's outstanding fair value hedges presented in the above table, the Company recognized $2.9 million and $5.9 million in interest income related to the amortization of the cumulative basis adjustment on its discontinued last-of-layer hedges during the three and six months ended June 30, 2023, respectively. Fair Values, Volume of Activity, and Gain/Loss Information Related to Derivative Instruments The following table summarizes the fair value of the Company's derivative instruments on a gross basis as of June 30, 2023, December 31, 2022, and June 30, 2022. The change in the notional amounts of these derivatives from June 30, 2022 to June 30, 2023 indicates the volume of the Company's derivative transaction activity during these periods. The derivative asset and liability balances are presented on a gross basis, prior to the application of bilateral collateral and master netting agreements. Total derivative assets and liabilities are adjusted to take into account the impact of legally enforceable master netting agreements that allow the Company to settle all derivative contracts with the same counterparty on a net basis and to offset the net derivative position with the related cash collateral. Where master netting agreements are not in effect or are not enforceable under bankruptcy laws, the Company does not adjust those derivative amounts with counterparties. June 30, 2023 December 31, 2022 June 30, 2022 Fair Value Fair Value Fair Value Notional Derivative Assets Derivative Liabilities Notional Derivative Assets Derivative Liabilities Notional Derivative Assets Derivative Liabilities (in millions) Derivatives designated as hedging instruments: Fair value hedges Interest rate contracts $ 4,033 $ 56 $ 4 $ 476 $ 18 $ — $ 500 $ 5 $ 11 Total $ 4,033 $ 56 $ 4 $ 476 $ 18 $ — $ 500 $ 5 $ 11 Derivatives not designated as hedging instruments (1): Foreign currency contracts $ 71 $ 1 $ 1 $ 250 $ 1 $ 9 $ 138 $ 1 $ — Forward purchase contracts 4,484 1 16 2,709 1 13 4,764 32 10 Forward sales contracts 7,279 26 2 4,985 16 8 9,621 35 35 Futures purchase contracts (2), (3) 200 — — — — — 700 — — Futures sales contracts (2), (3) 12,210 — — 8,706 — — 6,072 — — Interest rate lock commitments 2,331 6 4 1,459 5 3 2,819 15 3 Interest rate contracts 2,424 14 14 1,538 6 6 64 — — Risk participation agreements 44 — — 48 — — — — — Total $ 29,043 $ 48 $ 37 $ 19,695 $ 29 $ 39 $ 24,178 $ 83 $ 48 Margin 85 12 4 1 (9) 24 Total, including margin $ 29,043 $ 133 $ 49 $ 19,695 $ 33 $ 40 $ 24,178 $ 74 $ 72 (1) Relate to economic hedging arrangements. (2) The Company enters into forward purchase and sales contracts that are subject to daily remargining and almost all of which are based on three-month SOFR to hedge against its MSR valuation exposure. The notional amount on these contracts is substantial as these contracts have a duration of only 0.25 years and are intended to cover the longer duration of MSR hedges. (3) The notional amounts previously reported for December 31, 2022 and June 30, 2022 have been adjusted in the current period to account for the impact of offsetting contracts. To close a futures contract prior to settlement, the Company purchases an offsetting future with the same terms as the original contract and these contracts no longer require settlement. The fair value of derivative contracts, after taking into account the effects of master netting agreements, is included in other assets or other liabilities on the Consolidated Balance Sheets, as summarized in the table below: June 30, 2023 December 31, 2022 June 30, 2022 Gross amount of recognized assets (liabilities) Gross offset Net assets (liabilities) Gross amount of recognized assets (liabilities) Gross offset Net assets (liabilities) Gross amount of recognized assets (liabilities) Gross offset Net assets (liabilities) (in millions) Derivatives subject to master netting arrangements: Assets Forward purchase contracts $ 1 $ — $ 1 $ 1 $ — $ 1 $ 31 $ — $ 31 Forward sales contracts 26 — 26 13 — 13 33 — 33 Interest rate contracts 70 — 70 18 — 18 5 — 5 Margin 85 — 85 4 — 4 (9) — (9) Netting — (28) (28) — (17) (17) — (55) (55) $ 182 $ (28) $ 154 $ 36 $ (17) $ 19 $ 60 $ (55) $ 5 Liabilities Forward purchase contracts $ (16) $ — $ (16) $ (12) $ — $ (12) $ (10) $ — $ (10) Forward sales contracts (2) — (2) (8) — (8) (34) — (34) Interest rate contracts (4) — (4) — — — (11) — (11) Margin (12) — (12) (1) — (1) (24) — (24) Netting — 28 28 — 17 17 — 55 55 $ (34) $ 28 $ (6) $ (21) $ 17 $ (4) $ (79) $ 55 $ (24) Derivatives not subject to master netting arrangements: Assets Foreign currency contracts $ 1 $ — $ 1 $ 1 $ — $ 1 $ 1 $ — $ 1 Forward purchase contracts — — — — — — 1 — 1 Forward sales contracts — — — 3 — 3 2 — 2 Interest rate lock commitments 6 — 6 5 — 5 15 — 15 Interest rate contracts — — — 6 — 6 — — — $ 7 $ — $ 7 $ 15 $ — $ 15 $ 19 $ — $ 19 Liabilities Foreign currency contracts $ (1) $ — $ (1) $ (9) $ — $ (9) $ — $ — $ — Forward purchase contracts — — — (1) — (1) — — — Forward sales contracts — — — — — — (1) — (1) Interest rate lock commitments (4) — (4) (3) — (3) (3) — (3) Interest rate contracts (14) — (14) (6) — (6) — — — $ (19) $ — $ (19) $ (19) $ — $ (19) $ (4) $ — $ (4) Total derivatives and margin Assets $ 189 $ (28) $ 161 $ 51 $ (17) $ 34 $ 79 $ (55) $ 24 Liabilities $ (53) $ 28 $ (25) $ (40) $ 17 $ (23) $ (83) $ 55 $ (28) The following table summarizes the net gain (loss) on derivatives included in income: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (in millions) Net gain (loss) on loan origination and sale activities: Interest rate lock commitments $ (11.1) $ 23.2 $ 0.3 $ 2.4 Forward contracts 55.6 101.0 18.8 342.3 Interest rate swaps (4.6) — (3.3) — Other contracts 2.2 (6.1) 1.8 (9.8) Total gain $ 42.1 $ 118.1 $ 17.6 $ 334.9 Net loan servicing revenue: Forward contracts $ (13.2) $ (8.0) $ (14.7) $ (42.9) Futures contracts 18.7 (21.9) 14.7 (43.9) Interest rate swaps (36.5) — (17.6) — Total loss $ (31.0) $ (29.9) $ (17.6) $ (86.8) Counterparty Credit Risk |
Earnings per Share
Earnings per Share | 6 Months Ended |
Jun. 30, 2023 | |
Earnings Per Share [Abstract] | |
Earnings Per Share | Diluted EPS is calculated using the weighted average outstanding common shares during the period, including common stock equivalents. Basic EPS is calculated using the weighted average outstanding common shares during the period. The following table presents the calculation of basic and diluted EPS and summarizes the weighted average common shares excluded from the diluted EPS calculation due to their antidilutive effect: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (in millions, except per share amounts) Weighted average shares - basic 108.3 107.3 108.2 106.7 Dilutive effect of stock awards — 0.4 0.1 0.4 Weighted average shares - diluted 108.3 107.7 108.3 107.1 Net income available to common stockholders $ 212.5 $ 257.0 $ 351.5 $ 493.9 Earnings per Common Share: Basic $ 1.96 $ 2.40 $ 3.25 $ 4.63 Diluted 1.96 2.39 3.24 4.61 Antidilutive restricted stock outstanding 0.4 — 0.2 — |
Income Taxes
Income Taxes | 6 Months Ended |
Jun. 30, 2023 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | The Company's effective tax rate was 17.1% and 19.6% for the three months ended June 30, 2023 and 2022, respectively. For each of the six months ended June 30, 2023 and 2022, the Company's effective tax rate was 19.5%. The decrease in the three-month effective tax rate was primarily due to increases in expected LIHTC benefits during 2023. As of June 30, 2023, the net DTA balance totaled $315 million. There was not a significant change in the net deferred tax asset of $311 million at December 31, 2022 as decreases to MSR DTLs were offset by increases in the fair market value of AFS securities and decreases to the accrued bonus DTA. Although realization is not assured, the Company believes that the realization of the recognized deferred tax asset of $315 million at June 30, 2023 is more-likely-than-not based on expectations as to future taxable income and based on available tax planning strategies that could be implemented if necessary to prevent a carryover from expiring. At June 30, 2023 and December 31, 2022, the Company had no deferred tax valuation allowance. LIHTC and renewable energy projects The Company holds ownership interests in limited partnerships and limited liability companies that invest in affordable housing and renewable energy projects. These investments are designed to generate a return primarily through the realization of federal tax credits and deductions. The limited liability entities are considered to be VIEs; however, as a limited partner, the Company is not the primary beneficiary and is not required to consolidate these entities. |
Segments
Segments | 6 Months Ended |
Jun. 30, 2023 | |
Segment Reporting [Abstract] | |
Segments | The Company's reportable segments are aggregated with a focus on products and services offered and consist of three reportable segments: • Commercial: provides commercial banking and treasury management products and services to small and middle-market businesses, specialized banking services to sophisticated commercial institutions and investors within niche industries, as well as financial services to the real estate industry. • Consumer Related: offers both commercial banking services to enterprises in consumer-related sectors and consumer banking services, such as residential mortgage banking. • Corporate & Other: consists of the Company's investment portfolio, Corporate borrowings and other related items, income and expense items not allocated to other reportable segments, and inter-segment eliminations. The Company's segment reporting process begins with the assignment of all loan and deposit accounts directly to the segments where these products are originated and/or serviced. Equity capital is assigned to each segment based on the risk profile of their assets and liabilities. With the exception of goodwill, which is assigned a 100% weighting, equity capital allocations ranged from 0% to 20% during the year. Any excess or deficient equity not allocated to segments based on risk is assigned to the Corporate & Other segment. Net interest income, provision for credit losses, and non-interest expense amounts are recorded in their respective segments to the extent that the amounts are directly attributable to those segments. Net interest income is recorded in each segment on a TEB with a corresponding increase in income tax expense, which is eliminated in the Corporate & Other segment. Further, net interest income of a reportable segment includes a funds transfer pricing process that matches assets and liabilities with similar interest rate sensitivity and maturity characteristics. Using this funds transfer pricing methodology, liquidity is transferred between users and providers. A net user of funds has lending/investing in excess of deposits/borrowings and a net provider of funds has deposits/borrowings in excess of lending/investing. A segment that is a user of funds is charged for the use of funds, while a provider of funds is credited through funds transfer pricing, which is determined based on the average estimated life of the assets or liabilities in the portfolio. Residual funds transfer pricing mismatches are allocable to the Corporate & Other segment and presented in net interest income. The net income amount for each reportable segment is further derived by the use of expense allocations. Certain expenses not directly attributable to a specific segment are allocated across all segments based on key metrics, such as number of employees, number of transactions processed for loans and deposits, and average loan and deposit balances. These types of expenses include information technology, operations, human resources, finance, risk management, credit administration, legal, and marketing. Income taxes are applied to each segment based on estimated effective tax rates. Any difference in the corporate tax rate and the aggregate effective tax rates in the segments are adjusted in the Corporate & Other segment. |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2023 | |
Accounting Policies [Abstract] | |
Nature of Operation | Nature of operations WAL is a bank holding company headquartered in Phoenix, Arizona, incorporated under the laws of the state of Delaware. WAL provides a full spectrum of customized loan, deposit, and treasury management capabilities, including 24/7 funds transfer and other digital payment offerings through its wholly-owned banking subsidiary, WAB. WAB operates the following full-service banking divisions: ABA, BON, FIB, Bridge, and TPB. The Company also serves business customers through a national platform of specialized financial services, including mortgage banking services through AmeriHome, and digital payment services for the class action legal industry through DST. In addition, the Company has the following non-bank subsidiaries: CSI, a captive insurance company formed and licensed under the laws of the State of Arizona and established as part of the Company's overall enterprise risk management strategy, and WATC, which provides corporate trust services and levered loan administration solutions. |
Basis of Presentation | Basis of presentation The accompanying Unaudited Consolidated Financial Statements as of June 30, 2023 and for the three and six months ended June 30, 2023 and 2022 have been prepared in accordance with GAAP for interim financial information and Article 10 of Regulation S-X and, therefore, do not include all of the information and footnotes required by GAAP for complete financial statements. Accordingly, these statements should be read in conjunction with the Company's audited Consolidated Financial Statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2022. The accounts of the Company and its consolidated subsidiaries are included in the Consolidated Financial Statements. |
Recent Accounting Pronouncements | Recent accounting pronouncements Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method In March 2023, the FASB issued guidance within ASU 2023-02, Investments — Equity Method and Joint Ventures (Topic 323). The amendments in this update permit entities to elect to account for tax equity investments, regardless of the tax credit program from which the income tax credits are received, using the proportional amortization method if certain conditions are met. Previously this option was only permitted for LIHTC investments. Additionally, the amendments in this update require that all tax equity investments accounted for using the proportional amortization method apply the delayed equity contribution guidance in Subtopic 323-740 and disclosure of the nature of an entity's tax equity investments and their effect on an entity's financial position and results of operations. The amendments in this update are effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years and are applied on a modified retrospective or a retrospective basis. The adoption of this guidance is not expected to have a material impact on the Company's Consolidated Financial Statements. Recently adopted accounting guidance Troubled Debt Restructurings and Vintage Disclosures In March 2022, the FASB issued guidance within ASU 2022-02, Financial Instruments—Credit Losses (Topic 326). The amendments in this update eliminate the accounting guidance and related disclosures for TDRs by creditors in Subtopic 310-40, Receivables—Troubled Debt Restructurings by Creditors , while enhancing disclosure requirements for certain loan refinancings and restructurings by creditors when a borrower is experiencing financial difficulty and requiring an entity to disclose current-period gross write-offs by year of origination for financing receivables and net investments in leases within the scope of Subtopic 326-20, Financial Instruments—Credit Losses—Measured at Amortized Cost . The Company adopted this accounting guidance prospectively on January 1, 2023. The adoption of this guidance did not have a material impact on the Company's Consolidated Financial Statements. |
Use of Estimates | Use of estimatesThe preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Management's estimates and judgments are ongoing and are based on experience, current and expected future conditions, third-party evaluations and various other assumptions that management believes are reasonable under the circumstances. The results of these estimates form the basis for making judgments about the carrying values of assets and liabilities, as well as identifying and assessing the accounting treatment with respect to commitments and contingencies. Actual results may differ from those estimates and assumptions used in the Consolidated Financial Statements and related notes. Material estimates that are susceptible to significant changes in the near term relate to: 1) the determination of the ACL; 2) certain assets and liabilities carried at fair value; and 3) accounting for income taxes. |
Principles of Consolidation | Principles of consolidation As of June 30, 2023, WAL has the following significant wholly-owned subsidiaries: WAB and eight unconsolidated subsidiaries used as business trusts in connection with the issuance of trust-preferred securities. WAB has the following significant wholly-owned subsidiaries: 1) WABT, which holds certain investment securities, municipal and nonprofit loans, and leases; 2) WA PWI, which holds interests in certain limited partnerships invested primarily in low income housing tax credits and small business investment corporations; 3) Helios Prime, which holds interests in certain limited partnerships invested in renewable energy projects; 4) BW Real Estate, Inc., which operates as a real estate investment trust and holds certain of WAB's real estate loans and related securities; and 5) Western Finance Company, which purchases and originates equipment finance leases and provides mortgage banking services through its wholly-owned subsidiary, AmeriHome. The Company does not have any other significant entities that should be consolidated. All significant intercompany balances and transactions have been eliminated in consolidation. |
Reclassifications | ReclassificationsCertain amounts in the Consolidated Income Statements for the prior periods have been reclassified to conform to the current presentation. The reclassifications had no effect on net income or stockholders’ equity as previously reported. |
Investment Securities (Tables)
Investment Securities (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Investments, Debt and Equity Securities [Abstract] | |
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Table Text Block] | Three Months Ended June 30, 2023 Balance, Provision for Credit Losses Charge-offs Recoveries Balance, (in millions) Held-to-maturity debt securities Tax-exempt $ 6.5 $ (0.5) $ — $ — $ 6.0 Six Months Ended June 30, 2023 Balance, Provision for Credit Losses Charge-offs Recoveries Balance, (in millions) Held-to-maturity debt securities Tax-exempt $ 5.2 $ 0.8 $ — $ — $ 6.0 Three Months Ended June 30, 2022: Balance, Provision for Credit Losses Charge-offs Recoveries Balance (in millions) Held-to-maturity debt securities Tax-exempt $ 3.2 $ — $ — $ — $ 3.2 Six Months Ended June 30, 2022: Balance, Provision for Credit Losses Charge-offs Recoveries Balance (in millions) Held-to-maturity debt securities Tax-exempt $ 5.2 $ (2.0) $ — $ — $ 3.2 |
Carrying Amounts and Fair Values of Investment Securities | The carrying amounts and fair values of investment securities are summarized as follows: June 30, 2023 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value (in millions) Held-to-maturity Private label residential MBS $ 192 $ — $ (40) $ 152 Tax-exempt 1,175 1 (142) 1,034 Total HTM securities $ 1,367 $ 1 $ (182) $ 1,186 Available-for-sale debt securities CLO $ 2,183 $ — $ (39) $ 2,144 Commercial MBS issued by GSEs 69 — (9) 60 Corporate debt securities 411 — (73) 338 Private label residential MBS 1,371 — (230) 1,141 Residential MBS issued by GSEs 2,141 — (376) 1,765 Tax-exempt 919 — (89) 830 U.S. Treasury securities 2,286 — — 2,286 Other 74 3 (10) 67 Total AFS debt securities $ 9,454 $ 3 $ (826) $ 8,631 December 31, 2022 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value (in millions) Held-to-maturity Private label residential MBS $ 198 $ — $ (39) $ 159 Tax-exempt 1,091 — (138) 953 Total HTM securities $ 1,289 $ — $ (177) $ 1,112 Available-for-sale debt securities CLO $ 2,796 $ — $ (90) $ 2,706 Commercial MBS issued by GSEs 104 1 (8) 97 Corporate debt securities 429 — (39) 390 Private label residential MBS 1,442 — (243) 1,199 Residential MBS issued by GSEs 2,123 — (383) 1,740 Tax-exempt 1,004 2 (115) 891 Other 75 6 (12) 69 Total AFS debt securities $ 7,973 $ 9 $ (890) $ 7,092 In addition, the Company held equity securities, which primarily consisted of preferred stock and CRA investments, with a fair value of $139 million and $160 million at June 30, 2023 and December 31, 2022, respectively. Unrealized gains on equity securities of $0.1 million and losses of $10.0 million for the three months ended June 30, 2023 and 2022, respectively, and losses of $8.4 million and $16.7 million for the six months ended June 30, 2023 and 2022, respectively, were recognized in earnings as a component of fair value loss adjustments. Securities with carrying amounts of approximately $ 7.3 billion 1.7 billion |
Unrealized Losses and Fair Value of Investment Securities in Continuous Unrealized Loss Position | unrealized loss position, aggregated by major security type and length of time in a continuous unrealized loss position: June 30, 2023 Less Than Twelve Months More Than Twelve Months Total Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value (in millions) Available-for-sale debt securities CLO $ 2 $ 261 $ 37 $ 1,875 $ 39 $ 2,136 Commercial MBS issued by GSEs 1 12 8 45 9 57 Corporate debt securities (1) 2 15 71 320 73 335 Private label residential MBS 1 28 229 1,084 230 1,112 Residential MBS issued by GSEs 8 239 368 1,508 376 1,747 Tax-exempt 6 130 83 695 89 825 Other 2 18 8 36 10 54 Total AFS securities $ 22 $ 703 $ 804 $ 5,563 $ 826 $ 6,266 (1) Includes securities with an ACL that have a fair value of $109 million and unrealized losses of $40 million. December 31, 2022 Less Than Twelve Months More Than Twelve Months Total Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value (in millions) Available-for-sale debt securities CLO $ 81 $ 2,467 $ 9 $ 216 $ 90 $ 2,683 Commercial MBS issued by GSEs 4 46 4 14 8 60 Corporate debt securities 28 263 11 120 39 383 Private label residential MBS 27 279 216 912 243 1,191 Residential MBS issued by GSEs 82 600 301 1,101 383 1,701 Tax-exempt 93 752 22 78 115 830 Other 4 26 8 26 12 52 Total AFS securities $ 319 $ 4,433 $ 571 $ 2,467 $ 890 $ 6,900 |
Amortized Cost and Fair Value of Investment Securities by Contractual Maturities | A security is considered to be past due once it is 30 days contractually past due under the terms of the agreement. As of June 30, 2023, the Company did not have a significant amount of investment securities that were past due or on nonaccrual status. The amortized cost and fair value of the Company's debt securities by contractual maturities are shown below. MBS are shown separately as individual MBS are comprised of pools of loans with varying maturities. Therefore, these securities are listed separately in the maturity summary. June 30, 2023 Amortized Cost Estimated Fair Value (in millions) Held-to-maturity Due in one year or less $ 22 $ 22 After one year through five years 6 6 After five years through ten years 33 31 After ten years 1,114 975 Mortgage-backed securities 192 152 Total HTM securities $ 1,367 $ 1,186 Available-for-sale Due in one year or less $ 2,286 $ 2,285 After one year through five years 166 149 After five years through ten years 898 832 After ten years 2,523 2,399 Mortgage-backed securities 3,581 2,966 Total AFS securities $ 9,454 $ 8,631 |
Investment Securities by Credit Rating Type | The following tables summarize the carrying amount of the Company’s investment ratings position, which are updated quarterly and used to monitor the credit quality of the Company's securities: June 30, 2023 AAA Split-rated AAA/AA+ AA+ to AA- A+ to A- BBB+ to BBB- BB+ and below Unrated Totals (in millions) Held-to-maturity Private label residential MBS $ — $ — $ — $ — $ — $ — $ 192 $ 192 Tax-exempt — — — — — — 1,175 1,175 Total HTM securities (1) $ — $ — $ — $ — $ — $ — $ 1,367 $ 1,367 Available-for-sale debt securities CLO $ 120 $ — $ 1,960 $ 64 $ — $ — $ — $ 2,144 Commercial MBS issued by GSEs — 60 — — — — — 60 Corporate debt securities — — — 70 219 49 — 338 Private label residential MBS 1,115 — 25 — — 1 — 1,141 Residential MBS issued by GSEs — 1,765 — — — — — 1,765 Tax-exempt 9 16 354 376 — — 75 830 U.S. Treasury securities — 2,286 — — — — — 2,286 Other — — 9 9 29 3 17 67 Total AFS securities (1) $ 1,244 $ 4,127 $ 2,348 $ 519 $ 248 $ 53 $ 92 $ 8,631 Equity securities Common stock $ — $ — $ — $ — $ — $ — $ 2 $ 2 CRA investments — 25 — — — — 12 37 Preferred stock — — — — 53 37 10 100 Total equity securities (1) $ — $ 25 $ — $ — $ 53 $ 37 $ 24 $ 139 (1) For rated securities, if ratings differ, the Company uses an average of the available ratings by major credit agencies. December 31, 2022 AAA Split-rated AAA/AA+ AA+ to AA- A+ to A- BBB+ to BBB- BB+ and below Unrated Totals (in millions) Held-to-maturity Private label residential MBS $ — $ — $ — $ — $ — $ — $ 198 $ 198 Tax-exempt — — — — — — 1,091 1,091 Total HTM securities (1) $ — $ — $ — $ — $ — $ — $ 1,289 $ 1,289 Available-for-sale debt securities CLO $ 310 $ — $ 2,121 $ 275 $ — $ — $ — $ 2,706 Commercial MBS issued by GSEs — 97 — — — — — 97 Corporate debt securities — — — 74 316 — — 390 Private label residential MBS 1,158 — 41 — — — — 1,199 Residential MBS issued by GSEs — 1,740 — — — — — 1,740 Tax-exempt 11 15 392 425 — — 48 891 Other — — 9 9 27 6 18 69 Total AFS securities (1) $ 1,479 $ 1,852 $ 2,563 $ 783 $ 343 $ 6 $ 66 $ 7,092 Equity securities Common stock $ — $ — $ — $ — $ — $ — $ 3 $ 3 CRA investments — 24 — — — — 25 49 Preferred stock — — — — 82 17 9 108 Total equity securities (1) $ — $ 24 $ — $ — $ 82 $ 17 $ 37 $ 160 (1) For rated securities, if ratings differ, the Company uses an average of the available ratings by major credit agencies. |
Loans, Leases and Allowance for
Loans, Leases and Allowance for Credit Losses (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Receivables [Abstract] | |
Financing Receivable, Troubled Debt Restructuring [Table Text Block] | The following table presents TDR loans by loan portfolio segment: December 31, 2022 Number of Loans Recorded Investment Other commercial and industrial 4 $ 2 CRE - owner occupied 1 1 Hotel franchise finance 1 10 Other CRE - non-owner occupied 1 1 Total 7 $ 14 |
Schedule of Held for Investment Loan Portfolio Composition of Loans, Leases and Allowance for Credit Losses | The composition of the Company's HFI loan portfolio is as follows: June 30, 2023 December 31, 2022 (in millions) Warehouse lending $ 5,549 $ 5,561 Municipal & nonprofit 1,558 1,524 Tech & innovation 2,401 2,293 Equity fund resources 931 3,717 Other commercial and industrial 6,396 7,793 CRE - owner occupied 1,648 1,656 Hotel franchise finance 4,101 3,807 Other CRE - non-owner occupied 5,792 5,457 Residential 13,502 13,996 Residential - EBO 1,432 1,884 Construction and land development 4,403 3,995 Other 162 179 Total loans HFI 47,875 51,862 Allowance for credit losses (321) (310) Total loans HFI, net of allowance $ 47,554 $ 51,552 |
Contractual Aging of Loan Portfolio by Class of Loans Including Loans Held for Sale and Excluding Deferred Fees/Costs | The following table presents an aging analysis of past due loans by loan portfolio segment: June 30, 2023 Current 30-59 Days 60-89 Days Over 90 days Total Total (in millions) Warehouse lending $ 5,549 $ — $ — $ — $ — $ 5,549 Municipal & nonprofit 1,558 — — — — 1,558 Tech & innovation 2,401 — — — — 2,401 Equity fund resources 931 — — — — 931 Other commercial and industrial 6,396 — — — — 6,396 CRE - owner occupied 1,648 — — — — 1,648 Hotel franchise finance 4,101 — — — — 4,101 Other CRE - non-owner occupied 5,792 — — — — 5,792 Residential 13,388 94 20 — 114 13,502 Residential - EBO 662 173 116 481 770 1,432 Construction and land development 4,396 7 — — 7 4,403 Other 162 — — — — 162 Total loans $ 46,984 $ 274 $ 136 $ 481 $ 891 $ 47,875 December 31, 2022 Current 30-59 Days 60-89 Days Over 90 days Total Total (in millions) Warehouse lending $ 5,561 $ — $ — $ — $ — $ 5,561 Municipal & nonprofit 1,524 — — — — 1,524 Tech & innovation 2,270 23 — — 23 2,293 Equity fund resources 3,717 — — — — 3,717 Other commercial and industrial 7,791 2 — — 2 7,793 CRE - owner occupied 1,656 — — — — 1,656 Hotel franchise finance 3,807 — — — — 3,807 Other CRE - non-owner occupied 5,454 3 — — 3 5,457 Residential 13,955 37 4 — 41 13,996 Residential - EBO 969 217 116 582 915 1,884 Construction and land development 3,995 — — — — 3,995 Other 178 1 — — 1 179 Total loans $ 50,877 $ 283 $ 120 $ 582 $ 985 $ 51,862 |
Summary of Recorded Investment in Nonaccrual Loans and Loans Past Due 90 Days Still Accruing Interest by Loan Class | Loans are placed on nonaccrual status when management determines that the full repayment of principal and collection of interest according to contractual terms is no longer likely, generally when the loan becomes 90 days or more past due. The following tables present nonperforming loan balances by loan portfolio segment: June 30, 2023 Nonaccrual with No Allowance for Credit Loss Nonaccrual with an Allowance for Credit Loss Total Nonaccrual Loans Past Due 90 Days or More and Still Accruing (in millions) Municipal & nonprofit $ 6 $ 7 $ 13 $ — Tech & innovation — 7 7 — Other commercial and industrial 59 23 82 — CRE - owner occupied 16 2 18 — Other CRE - non-owner occupied 3 75 78 — Residential — 58 58 — Residential - EBO — — — 481 Total $ 84 $ 172 $ 256 $ 481 Loans contractually delinquent by 90 days or more and still accruing totaled $481 million at June 30, 2023 and consisted of government guaranteed EBO residential loans. |
Loans by Risk Rating | Credit Quality Indicators The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes loans individually to classify the loans as to credit risk. This analysis is performed on a quarterly basis. The following tables present risk ratings by loan portfolio segment and origination year. The origination year is the year of origination or renewal. Term Loan Amortized Cost Basis by Origination Year Revolving Loans Amortized Cost Basis Total As of and for the six months ended June 30, 2023 2023 2022 2021 2020 2019 Prior (in millions) Warehouse lending Pass $ 387 $ 248 $ 320 $ 293 $ — $ — $ 4,301 $ 5,549 Special mention — — — — — — — — Classified — — — — — — — — Total $ 387 $ 248 $ 320 $ 293 $ — $ — $ 4,301 $ 5,549 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Municipal & nonprofit Pass $ 25 $ 131 $ 187 $ 186 $ 71 $ 927 $ — $ 1,527 Special mention — 7 — — — 11 — 18 Classified — — — — 6 7 — 13 Total $ 25 $ 138 $ 187 $ 186 $ 77 $ 945 $ — $ 1,558 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Tech & innovation Pass $ 226 $ 774 $ 275 $ 77 $ 53 $ 1 $ 908 $ 2,314 Special mention 12 32 — 6 — — 17 67 Classified 6 5 6 3 — — — 20 Total $ 244 $ 811 $ 281 $ 86 $ 53 $ 1 $ 925 $ 2,401 Current period gross charge-offs $ 2 $ — $ — $ — $ — $ — $ — $ 2 Equity fund resources Pass $ 116 $ 89 $ 48 $ 3 $ 12 $ 4 $ 659 $ 931 Special mention — — — — — — — — Classified — — — — — — — — Total $ 116 $ 89 $ 48 $ 3 $ 12 $ 4 $ 659 $ 931 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Other commercial and industrial Pass $ 961 $ 1,804 $ 513 $ 194 $ 112 $ 284 $ 2,361 $ 6,229 Special mention 19 47 15 — — — — 81 Classified — 27 47 3 1 1 7 86 Total $ 980 $ 1,878 $ 575 $ 197 $ 113 $ 285 $ 2,368 $ 6,396 Current period gross charge-offs $ — $ 3 $ 6 $ 4 $ — $ — $ — $ 13 CRE - owner occupied Pass $ 57 $ 349 $ 359 $ 169 $ 142 $ 510 $ 35 $ 1,621 Special mention 2 — — — 1 1 — 4 Classified 3 — 6 3 4 7 — 23 Total $ 62 $ 349 $ 365 $ 172 $ 147 $ 518 $ 35 $ 1,648 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Hotel franchise finance Pass $ 439 $ 1,751 $ 663 $ 95 $ 465 $ 251 $ 118 $ 3,782 Special mention — — 40 — 40 21 — 101 Classified 27 9 20 26 112 24 — 218 Total $ 466 $ 1,760 $ 723 $ 121 $ 617 $ 296 $ 118 $ 4,101 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Term Loan Amortized Cost Basis by Origination Year Revolving Loans Amortized Cost Basis Total As of and for the six months ended June 30, 2023 2023 2022 2021 2020 2019 Prior (in millions) Other CRE - non-owner occupied Pass $ 1,028 $ 2,121 $ 772 $ 670 $ 219 $ 277 $ 265 $ 5,352 Special mention 16 150 72 38 29 — 1 306 Classified — — 96 — 14 4 20 134 Total $ 1,044 $ 2,271 $ 940 $ 708 $ 262 $ 281 $ 286 $ 5,792 Current period gross charge-offs $ — $ — $ 2 $ — $ — $ — $ — $ 2 Residential Pass $ 177 $ 3,687 $ 8,207 $ 847 $ 284 $ 215 $ 27 $ 13,444 Special mention — — — — — — — — Classified — 18 32 3 3 2 — 58 Total $ 177 $ 3,705 $ 8,239 $ 850 $ 287 $ 217 $ 27 $ 13,502 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Residential - EBO Pass $ — $ 9 $ 248 $ 591 $ 291 $ 293 $ — $ 1,432 Special mention — — — — — — — — Classified — — — — — — — — Total $ — $ 9 $ 248 $ 591 $ 291 $ 293 $ — $ 1,432 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Construction and land development Pass $ 736 $ 1,859 $ 497 $ 138 $ — $ 2 $ 1,026 $ 4,258 Special mention — — 5 112 — — — 117 Classified — — 28 — — — — 28 Total $ 736 $ 1,859 $ 530 $ 250 $ — $ 2 $ 1,026 $ 4,403 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Other Pass $ 2 $ 14 $ 5 $ — $ 4 $ 66 $ 71 $ 162 Special mention — — — — — — — — Classified — — — — — — — — Total $ 2 $ 14 $ 5 $ — $ 4 $ 66 $ 71 $ 162 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Total by Risk Category Pass $ 4,154 $ 12,836 $ 12,094 $ 3,263 $ 1,653 $ 2,830 $ 9,771 $ 46,601 Special mention 49 236 132 156 70 33 18 694 Classified 36 59 235 38 140 45 27 580 Total $ 4,239 $ 13,131 $ 12,461 $ 3,457 $ 1,863 $ 2,908 $ 9,816 $ 47,875 Current period gross charge-offs $ 2 $ 3 $ 8 $ 4 $ — $ — $ — $ 17 Term Loan Amortized Cost Basis by Origination Year Revolving Loans Amortized Cost Basis Total December 31, 2022 2022 2021 2020 2019 2018 Prior (in millions) Warehouse lending Pass $ 397 $ 41 $ 152 $ — $ — $ — $ 4,928 $ 5,518 Special mention 43 — — — — — — 43 Classified — — — — — — — — Total $ 440 $ 41 $ 152 $ — $ — $ — $ 4,928 $ 5,561 Municipal & nonprofit Pass $ 107 $ 185 $ 187 $ 78 $ 43 $ 917 $ — $ 1,517 Special mention — — — — — — — — Classified — — — — — 7 — 7 Total $ 107 $ 185 $ 187 $ 78 $ 43 $ 924 $ — $ 1,524 Tech & innovation Pass $ 813 $ 374 $ 87 $ 66 $ 4 $ 1 $ 853 $ 2,198 Special mention 36 22 3 — — — 20 81 Classified 2 12 — — — — — 14 Total $ 851 $ 408 $ 90 $ 66 $ 4 $ 1 $ 873 $ 2,293 Equity fund resources Pass $ 1,020 $ 1,189 $ 191 $ 16 $ — $ — $ 1,301 $ 3,717 Special mention — — — — — — — — Classified — — — — — — — — Total $ 1,020 $ 1,189 $ 191 $ 16 $ — $ — $ 1,301 $ 3,717 Other commercial and industrial Pass $ 2,968 $ 1,272 $ 262 $ 277 $ 312 $ 206 $ 2,406 $ 7,703 Special mention — 44 — — — — 3 47 Classified 3 21 10 3 3 1 2 43 Total $ 2,971 $ 1,337 $ 272 $ 280 $ 315 $ 207 $ 2,411 $ 7,793 CRE - owner occupied Pass $ 338 $ 359 $ 174 $ 157 $ 211 $ 339 $ 29 $ 1,607 Special mention — — — — — 1 — 1 Classified — 14 7 1 5 10 11 48 Total $ 338 $ 373 $ 181 $ 158 $ 216 $ 350 $ 40 $ 1,656 Hotel franchise finance Pass $ 1,762 $ 726 $ 54 $ 528 $ 290 $ 103 $ 118 $ 3,581 Special mention — — 26 — — — — 26 Classified 18 20 — 117 45 — — 200 Total $ 1,780 $ 746 $ 80 $ 645 $ 335 $ 103 $ 118 $ 3,807 Other CRE - non-owner occupied Pass $ 2,344 $ 1,201 $ 870 $ 264 $ 160 $ 218 $ 315 $ 5,372 Special mention 3 38 — 12 — — 1 54 Classified — 4 — 12 10 5 — 31 Total $ 2,347 $ 1,243 $ 870 $ 288 $ 170 $ 223 $ 316 $ 5,457 Residential Pass $ 4,041 $ 8,474 $ 878 $ 308 $ 150 $ 90 $ 36 $ 13,977 Special mention — — — — — — — — Classified 6 9 — 3 1 — — 19 Total $ 4,047 $ 8,483 $ 878 $ 311 $ 151 $ 90 $ 36 $ 13,996 Residential - EBO Pass $ 3 $ 268 $ 712 $ 454 $ 191 $ 256 $ — $ 1,884 Special mention — — — — — — — — Classified — — — — — — — — Total $ 3 $ 268 $ 712 $ 454 $ 191 $ 256 $ — $ 1,884 Term Loan Amortized Cost Basis by Origination Year Revolving Loans Amortized Cost Basis Total December 31, 2022 2022 2021 2020 2019 2018 Prior (in millions) Construction and land development Pass $ 1,533 $ 815 $ 273 $ 14 $ — $ — $ 1,258 $ 3,893 Special mention — — 98 — — — — 98 Classified — — — 4 — — — 4 Total $ 1,533 $ 815 $ 371 $ 18 $ — $ — $ 1,258 $ 3,995 Other Pass $ 23 $ 10 $ 13 $ 5 $ 2 $ 61 $ 64 $ 178 Special mention — — — — — 1 — 1 Classified — — — — — — — — Total $ 23 $ 10 $ 13 $ 5 $ 2 $ 62 $ 64 $ 179 Total by Risk Category Pass $ 15,349 $ 14,914 $ 3,853 $ 2,167 $ 1,363 $ 2,191 $ 11,308 $ 51,145 Special mention 82 104 127 12 — 2 24 351 Classified 29 80 17 140 64 23 13 366 Total $ 15,460 $ 15,098 $ 3,997 $ 2,319 $ 1,427 $ 2,216 $ 11,345 $ 51,862 Restructurings for Borrowers Experiencing Financial Difficulty The Company adopted the amendments in ASU 2022-02, which eliminated accounting guidance on TDR loans for creditors and requires enhanced disclosures for loan modifications to borrowers experiencing financial difficulty that were made on or after January 1, 2023. See “Note 1. Summary of Significant Accounting Policies” of these Notes to Unaudited Financial Statements for further discussion of the amendments in this update. The following table presents the amortized cost basis of loans HFI that were modified during the period by loan portfolio segment: Amortized Cost Basis at June 30, 2023 Payment Delay and Term Extension Term Extension Payment Delay Total % of Total Class of Financing Receivable Three Months Ended (dollars in millions) Other commercial and industrial $ — $ 27 $ — $ 27 0.4 % Hotel franchise finance — 9 — 9 0.2 Construction and land development — 28 — 28 0.6 Total $ — $ 64 $ — $ 64 0.1 % Amortized Cost Basis at June 30, 2023 Payment Delay and Term Extension Term Extension Payment Delay Total % of Total Class of Financing Receivable Six Months Ended (dollars in millions) Tech & innovation $ 2 $ — $ 5 $ 7 0.3 % Other commercial and industrial — 27 — 27 0.4 Hotel franchise finance — 27 — 27 0.7 Residential — — 1 1 0.0 Construction and land development — 28 — 28 0.6 Total $ 2 $ 82 $ 6 $ 90 0.2 % The performance of these modified loans is monitored for 12 months following the modification. As of June 30, 2023, modified loans on nonaccrual status totaled $35 million and the remaining $55 million were current with contractual payments. |
Allowances for Credit Losses | The below tables reflect the activity in the ACL on loans HFI by loan portfolio segment, which includes an estimate of future recoveries: Three Months Ended June 30, 2023 Balance, Provision for (Recovery of) Credit Losses Charge-offs Recoveries Balance, (in millions) Warehouse lending $ 6.6 $ (1.4) $ — $ — $ 5.2 Municipal & nonprofit 18.4 (1.9) — — 16.5 Tech & innovation 36.4 (2.8) — — 33.6 Equity fund resources 3.3 (1.6) — — 1.7 Other commercial and industrial 51.1 5.9 6.0 (0.8) 51.8 CRE - owner occupied 8.6 (0.6) — — 8.0 Hotel franchise finance 47.7 (2.0) — — 45.7 Other CRE - non-owner occupied 66.4 25.9 2.2 — 90.1 Residential 31.7 2.2 — — 33.9 Residential - EBO — — — — — Construction and land development 31.5 0.2 — — 31.7 Other 3.0 (0.1) — — 2.9 Total $ 304.7 $ 23.8 $ 8.2 $ (0.8) $ 321.1 Six Months Ended June 30, 2023 Balance, Provision for (Recovery of) Credit Losses Charge-offs Recoveries Balance, (in millions) Warehouse lending $ 8.4 $ (3.2) $ — $ — $ 5.2 Municipal & nonprofit 15.9 0.6 — — 16.5 Tech & innovation 30.8 4.6 1.8 — 33.6 Equity fund resources 6.4 (4.7) — — 1.7 Other commercial and industrial 85.9 (24.8) 13.3 (4.0) 51.8 CRE - owner occupied 7.1 0.9 — — 8.0 Hotel franchise finance 46.9 (1.2) — — 45.7 Other CRE - non-owner occupied 47.4 44.9 2.2 — 90.1 Residential 30.4 3.5 — — 33.9 Residential - EBO — — — — — Construction and land development 27.4 4.3 — — 31.7 Other 3.1 (0.1) 0.1 — 2.9 Total $ 309.7 $ 24.8 $ 17.4 $ (4.0) $ 321.1 Three Months Ended June 30, 2022 Balance, Provision for (Recovery of) Credit Losses Charge-offs Recoveries Balance, (in millions) Warehouse lending $ 2.9 $ 0.8 $ — $ — $ 3.7 Municipal & nonprofit 13.4 0.2 — — 13.6 Tech & innovation 28.0 (2.6) — — 25.4 Equity fund resources 6.6 7.4 — — 14.0 Other commercial and industrial 115.7 5.1 2.3 (0.7) 119.2 CRE - owner occupied 8.1 (0.7) — (0.1) 7.5 Hotel franchise finance 30.6 3.2 — — 33.8 Other CRE - non-owner occupied 15.3 6.8 — — 22.1 Residential 23.8 (5.0) — — 18.8 Construction and land development 10.7 1.5 — — 12.2 Other 2.5 0.3 0.1 (0.2) 2.9 Total $ 257.6 $ 17.0 $ 2.4 $ (1.0) $ 273.2 Six Months Ended June 30, 2022 Balance, Provision for (Recovery of) Credit Losses Charge-offs Recoveries Balance, (in millions) Warehouse lending $ 3.0 $ 0.7 $ — $ — $ 3.7 Municipal & nonprofit 13.7 (0.1) — — 13.6 Tech & innovation 25.7 (2.3) — (2.0) 25.4 Equity fund resources 9.6 4.4 — — 14.0 Other commercial and industrial 103.6 19.4 4.9 (1.1) 119.2 CRE - owner occupied 10.6 (3.2) — (0.1) 7.5 Hotel franchise finance 41.5 (7.7) — — 33.8 Other CRE - non-owner occupied 16.9 5.2 — — 22.1 Residential 12.5 6.3 — — 18.8 Construction and land development 12.5 (0.3) — — 12.2 Other 2.9 (0.1) 0.1 (0.2) 2.9 Total $ 252.5 $ 22.3 $ 5.0 $ (3.4) $ 273.2 Accrued interest receivable of $296 million and $304 million at June 30, 2023 and December 31, 2022, respectively, was excluded from the estimate of credit losses. Whereas, accrued interest receivable related to the Company's Residential-EBO loan portfolio segment was included in the estimate of credit losses and had an allowance of $6 million and $9 million, as of June 30, 2023 and December 31, 2022, respectively. In addition to the ACL on funded loans HFI, the Company maintains a separate ACL related to off-balance sheet credit exposures, including unfunded loan commitments. This allowance is included in Other liabilities on the Consolidated Balance Sheets. The below table reflects the activity in the ACL on unfunded loan commitments: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (in millions) Balance, beginning of period $ 44.8 $ 43.3 $ 47.0 $ 37.6 Provision for credit losses (3.7) 10.5 (5.9) 16.2 Balance, end of period $ 41.1 $ 53.8 $ 41.1 $ 53.8 The following tables disaggregate the Company's ACL on funded loans HFI and loan balances by measurement methodology: June 30, 2023 Loans Allowance Collectively Evaluated for Credit Loss Individually Evaluated for Credit Loss Total Collectively Evaluated for Credit Loss Individually Evaluated for Credit Loss Total (in millions) Warehouse lending $ 5,549 $ — $ 5,549 $ 5.2 $ — $ 5.2 Municipal & nonprofit 1,545 13 1,558 14.0 2.5 16.5 Tech & innovation 2,383 18 2,401 30.1 3.5 33.6 Equity fund resources 931 — 931 1.7 — 1.7 Other commercial and industrial 6,312 84 6,396 46.3 5.5 51.8 CRE - owner occupied 1,628 20 1,648 8.0 — 8.0 Hotel franchise finance 3,884 217 4,101 45.7 — 45.7 Other CRE - non-owner occupied 5,659 133 5,792 87.2 2.9 90.1 Residential 13,502 — 13,502 33.9 — 33.9 Residential EBO 1,432 — 1,432 — — — Construction and land development 4,375 28 4,403 31.7 — 31.7 Other 162 — 162 2.9 — 2.9 Total $ 47,362 $ 513 $ 47,875 $ 306.7 $ 14.4 $ 321.1 December 31, 2022 Loans Allowance Collectively Evaluated for Credit Loss Individually Evaluated for Credit Loss Total Collectively Evaluated for Credit Loss Individually Evaluated for Credit Loss Total (in millions) Warehouse lending $ 5,561 $ — $ 5,561 $ 8.4 $ — $ 8.4 Municipal & nonprofit 1,517 7 1,524 13.4 2.5 15.9 Tech & innovation 2,280 13 2,293 30.3 0.5 30.8 Equity fund resources 3,717 — 3,717 6.4 — 6.4 Other commercial and industrial 7,754 39 7,793 80.4 5.5 85.9 CRE - owner occupied 1,612 44 1,656 7.1 — 7.1 Hotel franchise finance 3,607 200 3,807 44.7 2.2 46.9 Other CRE - non-owner occupied 5,428 29 5,457 47.4 — 47.4 Residential 13,996 — 13,996 30.4 — 30.4 Residential EBO 1,884 — 1,884 — — — Construction and land development 3,991 4 3,995 27.4 — 27.4 Other 179 — 179 3.1 — 3.1 Total $ 51,526 $ 336 $ 51,862 $ 299.0 $ 10.7 $ 309.7 |
Other Borrowings (Tables)
Other Borrowings (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Debt Disclosure [Abstract] | |
Company's Borrowings | The following table summarizes the Company’s borrowings by type: June 30, 2023 December 31, 2022 (in millions) Short-Term: Federal funds purchased $ — $ 640 BTFP advances 1,300 — FHLB advances 4,900 4,300 Warehouse borrowings 55 — Repurchase agreements 2,482 27 Secured borrowings 62 25 Total short-term borrowings $ 8,799 $ 4,992 Long-Term: AmeriHome senior notes, net of fair value adjustment $ 314 $ 315 Credit linked notes, net of debt issuance costs 454 992 Total long-term borrowings $ 768 $ 1,307 Total other borrowings $ 9,567 $ 6,299 |
Accumulated Other Comprehensi_2
Accumulated Other Comprehensive Income (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Equity [Abstract] | |
Summary of Changes in Accumulated Other Comprehensive Income | Three Months Ended June 30, Unrealized holding gains (losses) on AFS securities Unrealized holding losses on SERP Unrealized holding gains (losses) on junior subordinated debt Impairment loss on securities Total (in millions) Balance, March 31, 2023 $ (594.3) $ (0.3) $ 1.9 $ 1.2 $ (591.5) Other comprehensive (loss) income before reclassifications (34.2) — 5.0 — (29.2) Amounts reclassified from AOCI 10.2 — — — 10.2 Net current-period other comprehensive (loss) income (24.0) — 5.0 — (19.0) Balance, June 30, 2023 $ (618.3) $ (0.3) $ 6.9 $ 1.2 $ (610.5) Balance, March 31, 2022 $ (236.3) $ (0.3) $ 1.5 $ — $ (235.1) Other comprehensive (loss) income before reclassifications (284.5) — 2.0 — (282.5) Amounts reclassified from AOCI (0.3) — — — (0.3) Net current-period other comprehensive (loss) income (284.8) — 2.0 — (282.8) Balance, June 30, 2022 $ (521.1) $ (0.3) $ 3.5 $ — $ (517.9) Six Months Ended June 30, Unrealized holding gains (losses) on AFS securities Unrealized holding losses on SERP Unrealized holding gains (losses) on junior subordinated debt Impairment loss on securities Total (in millions) Balance, December 31, 2022 $ (663.7) $ (0.3) $ 3.0 $ — $ (661.0) Other comprehensive income before reclassifications 25.9 — 3.9 1.2 31.0 Amounts reclassified from AOCI 19.5 — — — 19.5 Net current-period other comprehensive income 45.4 — 3.9 1.2 50.5 Balance, June 30, 2023 $ (618.3) $ (0.3) $ 6.9 $ 1.2 $ (610.5) Balance, December 31, 2021 $ 16.7 $ (0.3) $ (0.7) $ — $ 15.7 Other comprehensive (loss) income before reclassifications (532.4) — 4.2 — (528.2) Amounts reclassified from AOCI (5.4) — — — (5.4) Net current-period other comprehensive (loss) income (537.8) — 4.2 — (533.6) Balance, June 30, 2022 $ (521.1) $ (0.3) $ 3.5 $ — $ (517.9) |
Derivatives and Hedging (Tables
Derivatives and Hedging (Tables) | 3 Months Ended | 6 Months Ended |
Jun. 30, 2023 | Jun. 30, 2023 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ||
Schedule of Derivative Instruments in Statement of Financial Position | 11. DERIVATIVES AND HEDGING ACTIVITIES The Company is a party to various derivative instruments. The primary types of derivatives that the Company uses are interest rate contracts, forward purchase and sale commitments, and interest rate futures. Generally, these instruments are used to help manage the Company's exposure to interest rate risk related to IRLCs and its inventory of loans HFS and MSRs and also to meet client financing and hedging needs. Derivatives are recorded at fair value on the Consolidated Balance Sheets, after taking into account the effects of bilateral collateral and master netting agreements. These agreements allow the Company to settle all derivative contracts held with the same counterparty on a net basis, and to offset net derivative positions with related cash collateral, where applicable. Derivatives Designated in Hedge Relationships The Company utilizes derivatives that have been designated as part of a hedge relationship in accordance with the applicable accounting guidance to minimize the exposure to changes in benchmark interest rates and volatility of net interest income and EVE to interest rate fluctuations. The primary derivative instruments used to manage interest rate risk are interest rate swaps, which convert the contractual interest rate index of agreed-upon amounts of assets and liabilities (i.e., notional amounts) from either a fixed rate to a variable rate, or from a variable rate to a fixed rate. The Company has pay fixed/receive variable interest rate swaps designated as fair value hedges of certain fixed rate loans. As a result, the Company receives variable-rate interest payments in exchange for making fixed-rate payments over the lives of the contracts without exchanging the notional amounts. The variable-rate interest payments are based on LIBOR and converted to SOFR plus a spread adjustment upon the discontinuation of LIBOR in June 2023. The Company also has pay fixed/receive variable interest rate swaps, designated as fair value hedges using the portfolio layer method to manage the exposure to changes in fair value associated with fixed rate loans, resulting from changes in the designated benchmark interest rate (federal funds rate). These portfolio layer hedges provide the Company the ability to execute a fair value hedge of the interest rate risk associated with a portfolio of similar prepayable assets. Under these interest rate swap contracts, the Company receives a variable rate based on SOFR and pays a fixed rate on the outstanding notional amount. The Company also had pay fixed/receive variable interest rate swaps, designated as fair value hedges using the last-of-layer method. Upon termination of these last-of-layer hedges in 2022, the cumulative basis adjustment on these hedges was allocated across the remaining loan pool and is being amortized over the remaining term. At June 30, 2023, the remaining cumulative basis adjustment on the terminated last-of-layer hedges totaled $15 million. Derivatives Not Designated in Hedge Relationships Management enters into certain foreign exchange derivative contracts, back-to-back interest rate contracts, and risk participation agreements which are not designated as accounting hedges. Foreign exchange derivative contracts include spot, forward, forward window, and swap contracts. The purpose of these derivative contracts is to mitigate foreign currency risk on transactions entered into, or on behalf of customers. Contracts with customers, along with the related derivative trades that the Company places, are both remeasured at fair value, and are referred to as economic hedges since they economically offset the Company's exposure. The Company's back-to-back interest rate contracts are used to allow customers to manage long-term interest rate risk. Risk participation agreements are entered into with lead banks in certain loan syndications to share in the risk of default on interest rate swaps on the participated loan. The Company also uses derivative financial instruments to manage exposure to interest rate risk within its mortgage banking business related to IRLCs and its inventory of loans HFS and MSRs. The Company economically hedges the changes in fair value associated with changes in interest rates generally by utilizing forward sale commitments, interest rate futures and interest rate swaps. Fair Value Hedges As of June 30, 2023 and December 31, 2022, the following amounts are reflected on the Consolidated Balance Sheets related to cumulative basis adjustments for outstanding fair value hedges: June 30, 2023 December 31, 2022 Carrying Value of Hedged Assets/(Liabilities) Cumulative Fair Value Hedging Adjustment (1) Carrying Value of Hedged Assets/(Liabilities) Cumulative Fair Value Hedging Adjustment (1) (in millions) Loans HFI, net of deferred loan fees and costs (2) $ 3,934 $ 52 $ 447 $ 17 (1) Included in the carrying value of the hedged assets/(liabilities). (2) As of June 30, 2023, included portfolio layer method derivative instruments with $3.5 billion designated as the hedged amount (from a closed portfolio of prepayable fixed rate loans with a carrying value of $6.8 billion). The cumulative basis adjustment included in the carrying value of these hedged items totaled $29 million. For the Company's derivative instruments that are designated and qualify as fair value hedges, the gain or loss on the derivative instrument as well as the offsetting loss or gain on the hedged item attributable to the hedged risk are recognized in current period earnings. The loss or gain on the hedged item is recognized in the same line item as the offsetting loss or gain on the related interest rate swaps. For loans, the gain or loss on the hedged item is included in interest income, as shown in the table below. Three Months Ended June 30, 2023 2022 Income Statement Classification Gain/(Loss) on Swaps Gain/(Loss) on Hedged Item Gain/(Loss) on Swaps Gain/(Loss) on Hedged Item (in millions) Interest income $ 39.0 $ (39.0) $ 15.2 $ (15.2) Six Months Ended June 30, 2023 2022 Income Statement Classification Gain/(Loss) on Swaps Gain/(Loss) on Hedged Item Gain/(Loss) on Swaps Gain/(Loss) on Hedged Item (in millions) Interest income $ 34.7 $ (34.7) $ 48.7 $ (48.7) In addition to the gains and losses on the Company's outstanding fair value hedges presented in the above table, the Company recognized $2.9 million and $5.9 million in interest income related to the amortization of the cumulative basis adjustment on its discontinued last-of-layer hedges during the three and six months ended June 30, 2023, respectively. Fair Values, Volume of Activity, and Gain/Loss Information Related to Derivative Instruments The following table summarizes the fair value of the Company's derivative instruments on a gross basis as of June 30, 2023, December 31, 2022, and June 30, 2022. The change in the notional amounts of these derivatives from June 30, 2022 to June 30, 2023 indicates the volume of the Company's derivative transaction activity during these periods. The derivative asset and liability balances are presented on a gross basis, prior to the application of bilateral collateral and master netting agreements. Total derivative assets and liabilities are adjusted to take into account the impact of legally enforceable master netting agreements that allow the Company to settle all derivative contracts with the same counterparty on a net basis and to offset the net derivative position with the related cash collateral. Where master netting agreements are not in effect or are not enforceable under bankruptcy laws, the Company does not adjust those derivative amounts with counterparties. June 30, 2023 December 31, 2022 June 30, 2022 Fair Value Fair Value Fair Value Notional Derivative Assets Derivative Liabilities Notional Derivative Assets Derivative Liabilities Notional Derivative Assets Derivative Liabilities (in millions) Derivatives designated as hedging instruments: Fair value hedges Interest rate contracts $ 4,033 $ 56 $ 4 $ 476 $ 18 $ — $ 500 $ 5 $ 11 Total $ 4,033 $ 56 $ 4 $ 476 $ 18 $ — $ 500 $ 5 $ 11 Derivatives not designated as hedging instruments (1): Foreign currency contracts $ 71 $ 1 $ 1 $ 250 $ 1 $ 9 $ 138 $ 1 $ — Forward purchase contracts 4,484 1 16 2,709 1 13 4,764 32 10 Forward sales contracts 7,279 26 2 4,985 16 8 9,621 35 35 Futures purchase contracts (2), (3) 200 — — — — — 700 — — Futures sales contracts (2), (3) 12,210 — — 8,706 — — 6,072 — — Interest rate lock commitments 2,331 6 4 1,459 5 3 2,819 15 3 Interest rate contracts 2,424 14 14 1,538 6 6 64 — — Risk participation agreements 44 — — 48 — — — — — Total $ 29,043 $ 48 $ 37 $ 19,695 $ 29 $ 39 $ 24,178 $ 83 $ 48 Margin 85 12 4 1 (9) 24 Total, including margin $ 29,043 $ 133 $ 49 $ 19,695 $ 33 $ 40 $ 24,178 $ 74 $ 72 (1) Relate to economic hedging arrangements. (2) The Company enters into forward purchase and sales contracts that are subject to daily remargining and almost all of which are based on three-month SOFR to hedge against its MSR valuation exposure. The notional amount on these contracts is substantial as these contracts have a duration of only 0.25 years and are intended to cover the longer duration of MSR hedges. (3) The notional amounts previously reported for December 31, 2022 and June 30, 2022 have been adjusted in the current period to account for the impact of offsetting contracts. To close a futures contract prior to settlement, the Company purchases an offsetting future with the same terms as the original contract and these contracts no longer require settlement. The fair value of derivative contracts, after taking into account the effects of master netting agreements, is included in other assets or other liabilities on the Consolidated Balance Sheets, as summarized in the table below: June 30, 2023 December 31, 2022 June 30, 2022 Gross amount of recognized assets (liabilities) Gross offset Net assets (liabilities) Gross amount of recognized assets (liabilities) Gross offset Net assets (liabilities) Gross amount of recognized assets (liabilities) Gross offset Net assets (liabilities) (in millions) Derivatives subject to master netting arrangements: Assets Forward purchase contracts $ 1 $ — $ 1 $ 1 $ — $ 1 $ 31 $ — $ 31 Forward sales contracts 26 — 26 13 — 13 33 — 33 Interest rate contracts 70 — 70 18 — 18 5 — 5 Margin 85 — 85 4 — 4 (9) — (9) Netting — (28) (28) — (17) (17) — (55) (55) $ 182 $ (28) $ 154 $ 36 $ (17) $ 19 $ 60 $ (55) $ 5 Liabilities Forward purchase contracts $ (16) $ — $ (16) $ (12) $ — $ (12) $ (10) $ — $ (10) Forward sales contracts (2) — (2) (8) — (8) (34) — (34) Interest rate contracts (4) — (4) — — — (11) — (11) Margin (12) — (12) (1) — (1) (24) — (24) Netting — 28 28 — 17 17 — 55 55 $ (34) $ 28 $ (6) $ (21) $ 17 $ (4) $ (79) $ 55 $ (24) Derivatives not subject to master netting arrangements: Assets Foreign currency contracts $ 1 $ — $ 1 $ 1 $ — $ 1 $ 1 $ — $ 1 Forward purchase contracts — — — — — — 1 — 1 Forward sales contracts — — — 3 — 3 2 — 2 Interest rate lock commitments 6 — 6 5 — 5 15 — 15 Interest rate contracts — — — 6 — 6 — — — $ 7 $ — $ 7 $ 15 $ — $ 15 $ 19 $ — $ 19 Liabilities Foreign currency contracts $ (1) $ — $ (1) $ (9) $ — $ (9) $ — $ — $ — Forward purchase contracts — — — (1) — (1) — — — Forward sales contracts — — — — — — (1) — (1) Interest rate lock commitments (4) — (4) (3) — (3) (3) — (3) Interest rate contracts (14) — (14) (6) — (6) — — — $ (19) $ — $ (19) $ (19) $ — $ (19) $ (4) $ — $ (4) Total derivatives and margin Assets $ 189 $ (28) $ 161 $ 51 $ (17) $ 34 $ 79 $ (55) $ 24 Liabilities $ (53) $ 28 $ (25) $ (40) $ 17 $ (23) $ (83) $ 55 $ (28) The following table summarizes the net gain (loss) on derivatives included in income: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (in millions) Net gain (loss) on loan origination and sale activities: Interest rate lock commitments $ (11.1) $ 23.2 $ 0.3 $ 2.4 Forward contracts 55.6 101.0 18.8 342.3 Interest rate swaps (4.6) — (3.3) — Other contracts 2.2 (6.1) 1.8 (9.8) Total gain $ 42.1 $ 118.1 $ 17.6 $ 334.9 Net loan servicing revenue: Forward contracts $ (13.2) $ (8.0) $ (14.7) $ (42.9) Futures contracts 18.7 (21.9) 14.7 (43.9) Interest rate swaps (36.5) — (17.6) — Total loss $ (31.0) $ (29.9) $ (17.6) $ (86.8) Counterparty Credit Risk | |
Schedule of Derivative Assets at Fair Value | As of June 30, 2023 and December 31, 2022, the following amounts are reflected on the Consolidated Balance Sheets related to cumulative basis adjustments for outstanding fair value hedges: June 30, 2023 December 31, 2022 Carrying Value of Hedged Assets/(Liabilities) Cumulative Fair Value Hedging Adjustment (1) Carrying Value of Hedged Assets/(Liabilities) Cumulative Fair Value Hedging Adjustment (1) (in millions) Loans HFI, net of deferred loan fees and costs (2) $ 3,934 $ 52 $ 447 $ 17 (1) Included in the carrying value of the hedged assets/(liabilities). (2) As of June 30, 2023, included portfolio layer method derivative instruments with $3.5 billion designated as the hedged amount (from a closed portfolio of prepayable fixed rate loans with a carrying value of $6.8 billion). The cumulative basis adjustment included in the carrying value of these hedged items totaled $29 million. | |
Derivative Instruments, Gain (Loss) | For the Company's derivative instruments that are designated and qualify as fair value hedges, the gain or loss on the derivative instrument as well as the offsetting loss or gain on the hedged item attributable to the hedged risk are recognized in current period earnings. The loss or gain on the hedged item is recognized in the same line item as the offsetting loss or gain on the related interest rate swaps. For loans, the gain or loss on the hedged item is included in interest income, as shown in the table below. Three Months Ended June 30, 2023 2022 Income Statement Classification Gain/(Loss) on Swaps Gain/(Loss) on Hedged Item Gain/(Loss) on Swaps Gain/(Loss) on Hedged Item (in millions) Interest income $ 39.0 $ (39.0) $ 15.2 $ (15.2) Six Months Ended June 30, 2023 2022 Income Statement Classification Gain/(Loss) on Swaps Gain/(Loss) on Hedged Item Gain/(Loss) on Swaps Gain/(Loss) on Hedged Item (in millions) Interest income $ 34.7 $ (34.7) $ 48.7 $ (48.7) In addition to the gains and losses on the Company's outstanding fair value hedges presented in the above table, the Company recognized $2.9 million and $5.9 million in interest income related to the amortization of the cumulative basis adjustment on its discontinued last-of-layer hedges during the three and six months ended June 30, 2023, respectively. |
Earnings per Share (Tables)
Earnings per Share (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Earnings Per Share [Abstract] | |
Schedule of Earnings Per Share, Basic and Diluted | The following table presents the calculation of basic and diluted EPS and summarizes the weighted average common shares excluded from the diluted EPS calculation due to their antidilutive effect: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (in millions, except per share amounts) Weighted average shares - basic 108.3 107.3 108.2 106.7 Dilutive effect of stock awards — 0.4 0.1 0.4 Weighted average shares - diluted 108.3 107.7 108.3 107.1 Net income available to common stockholders $ 212.5 $ 257.0 $ 351.5 $ 493.9 Earnings per Common Share: Basic $ 1.96 $ 2.40 $ 3.25 $ 4.63 Diluted 1.96 2.39 3.24 4.61 Antidilutive restricted stock outstanding 0.4 — 0.2 — |
Commitments and Contingencies (
Commitments and Contingencies (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Commitments and Contingencies Disclosure [Abstract] | |
Summary of Contractual Amounts for Unfunded Commitments and Letters of Credit | A summary of the contractual amounts for unfunded commitments and letters of credit are as follows: June 30, 2023 December 31, 2022 (in millions) Commitments to extend credit, including unsecured loan commitments of $1,168 at June 30, 2023 and $1,209 at December 31, 2022 $ 15,319 $ 18,674 Credit card commitments and financial guarantees 405 379 Letters of credit, including unsecured letters of credit of $6 at June 30, 2023 and $7 at December 31, 2022 240 265 Total $ 15,964 $ 19,318 |
Fair Value Accounting (Tables)
Fair Value Accounting (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Fair Value Disclosures [Abstract] | |
Gains and Losses from Fair Value Changes Included in Consolidated Statement of Operations | The following table presents unrealized gains and losses from fair value changes on junior subordinated debt: |
Fair Value of Assets and Liabilities | The fair value of assets and liabilities measured at fair value on a recurring basis was determined using the following inputs: Fair Value Measurements at the End of the Reporting Period Using: Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Fair Value June 30, 2023 (in millions) Assets: Available-for-sale debt securities CLO $ — $ 2,144 $ — $ 2,144 Commercial MBS issued by GSEs — 60 — 60 Corporate debt securities — 338 — 338 Private label residential MBS — 1,141 — 1,141 Residential MBS issued by GSEs — 1,765 — 1,765 Tax-exempt — 830 — 830 U.S. Treasury securities 2,286 — — 2,286 Other 27 40 — 67 Total AFS debt securities $ 2,313 $ 6,318 $ — $ 8,631 Equity securities Common stock $ 2 $ — $ — $ 2 CRA investments 25 12 — 37 Preferred stock 95 5 — 100 Total equity securities $ 122 $ 17 $ — $ 139 Loans HFS (2) $ — $ 1,337 $ 3 $ 1,340 MSRs — — 1,007 1,007 Derivative assets (1) — 98 6 104 Liabilities: Junior subordinated debt (3) $ — $ — $ 57 $ 57 Derivative liabilities (1) — 37 4 41 (1) See "Note 11. Derivatives and Hedging Activities." In addition, the carrying value of loans is decreased by $52 million as of June 30, 2023 for the effective portion of the hedge, which relates to the fair value of the hedges put in place to mitigate against fluctuations in interest rates. Derivative assets and liabilities exclude margin of $85 million and $12 million, respectively. (2) Includes only the portion of loans HFS that is recorded at fair value at each reporting period pursuant to the election of FVO treatment. (3) Includes only the portion of junior subordinated debt that is recorded at fair value at each reporting period pursuant to the election of FVO treatment. Fair Value Measurements at the End of the Reporting Period Using: Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Fair Value December 31, 2022 (in millions) Assets: Available-for-sale debt securities CLO $ — $ 2,706 $ — $ 2,706 Commercial MBS issued by GSEs — 97 — 97 Corporate debt securities — 390 — 390 Private label residential MBS — 1,199 — 1,199 Residential MBS issued by GSEs — 1,740 — 1,740 Tax-exempt — 891 — 891 Other 24 45 — 69 Total AFS debt securities $ 24 $ 7,068 $ — $ 7,092 Equity securities Common stock $ 3 $ — $ — $ 3 CRA investments 24 25 — 49 Preferred stock 108 — — 108 Total equity securities $ 135 $ 25 $ — $ 160 Loans - HFS (2) $ — $ 1,172 $ 1 $ 1,173 Mortgage servicing rights — — 1,148 1,148 Derivative assets (1) — 42 5 47 Liabilities: Junior subordinated debt (3) $ — $ — $ 63 $ 63 Derivative liabilities (1) — 36 3 39 (1) See "Note 11. Derivatives and Hedging Activities." In addition, the carrying value of loans is decreased by $17 million as of December 31, 2022 for the effective portion of the hedge, which relates to the fair value of the hedges put in place to mitigate against fluctuations in interest rates. Derivative assets and liabilities exclude margin of $4 million and $1 million, respectively. (2) Includes only the portion of loans HFS that is recorded at fair value at each reporting period pursuant to the election of FVO treatment. (3) Includes only the portion of junior subordinated debt that is recorded at fair value at each reporting period pursuant to the election of FVO treatment. |
Change in Level 3 Liabilities Measured at Fair Value on Recurring Basis | he change in Level 3 liabilities measured at fair value on a recurring basis included in OCI was as follows: Junior Subordinated Debt Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (in millions) Beginning balance $ (64.0) $ (64.5) $ (62.5) $ (67.4) Change in fair value (1) 6.7 2.7 5.2 5.6 Ending balance $ (57.3) $ (61.8) $ (57.3) $ (61.8) |
Assets Measured at Fair Value on Nonrecurring Basis | The following table presents such assets carried on the Consolidated Balance Sheet by caption and by level within the ASC 825 hierarchy: Fair Value Measurements at the End of the Reporting Period Using Total Quoted Prices in Active Markets for Identical Assets Active Markets for Similar Assets Unobservable Inputs (in millions) As of June 30, 2023: Loans HFI $ 368 $ — $ — $ 368 Other assets acquired through foreclosure 11 — — 11 As of December 31, 2022: Loans HFI $ 295 $ — $ — $ 295 Other assets acquired through foreclosure 11 — — 11 |
Estimated Fair Value of Financial Instruments | The estimated fair value of the Company’s financial instruments is as follows: June 30, 2023 Carrying Amount Fair Value Level 1 Level 2 Level 3 Total (in millions) Financial assets: Investment securities: HTM $ 1,367 $ — $ 1,186 $ — $ 1,186 AFS 8,631 2,313 6,318 — 8,631 Equity 139 122 17 — 139 Derivative assets (2) 104 — 98 6 104 Loans HFS (1) 3,156 — 3,136 20 3,156 Loans HFI, net 47,554 — — 44,772 44,772 Mortgage servicing rights 1,007 — — 1,007 1,007 Accrued interest receivable 348 — 348 — 348 Financial liabilities: Deposits $ 51,041 $ — $ 51,040 $ — $ 51,040 Other borrowings 9,567 — 9,490 — 9,490 Qualifying debt 888 — 620 69 689 Derivative liabilities (2) 41 — 37 4 41 Accrued interest payable 104 — 104 — 104 (1) Includes loans transferred from HFI to HFS. As these transferred loans are salable into active markets, the fair value is based on quoted market or contracted selling prices or a market price equivalent, which are categorized as Level 2 in the fair value hierarchy. (2) Derivative assets and liabilities exclude margin of $85 million and $12 million, respectively. December 31, 2022 Carrying Amount Fair Value Level 1 Level 2 Level 3 Total (in millions) Financial assets: Investment securities: HTM $ 1,289 $ — $ 1,112 $ — $ 1,112 AFS 7,092 24 7,068 — 7,092 Equity securities 160 135 25 — 160 Derivative assets (1) 51 — 42 5 47 Loans HFS 1,184 — 1,172 1 1,173 Loans HFI, net 51,552 — — 47,679 47,679 Mortgage servicing rights 1,148 — — 1,148 1,148 Accrued interest receivable 357 — 357 — 357 Financial liabilities: Deposits $ 53,644 $ — $ 53,698 $ — $ 53,698 Other borrowings 6,299 — 6,261 — 6,261 Qualifying debt 893 — 735 75 810 Derivative liabilities (1) 40 — 36 3 39 Accrued interest payable 35 — 35 — 35 (1) Derivative assets and liabilities exclude margin of $4 million and $1 million, respectively. |
Segments (Tables)
Segments (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Segment Reporting [Abstract] | |
Operating Segment Information | The following is a summary of operating segment information for the periods indicated: Balance Sheet: Consolidated Company Commercial Consumer Related Corporate & Other At June 30, 2023: (in millions) Assets: Cash, cash equivalents, and investment securities $ 12,527 $ 13 $ 150 $ 12,364 Loans HFS 3,156 1,049 2,107 — Loans HFI, net of deferred fees and costs 47,875 28,139 19,736 — Less: allowance for credit losses (321) (269) (52) — Net loans HFI 47,554 27,870 19,684 — Other assets acquired through foreclosure, net 11 11 — — Goodwill and other intangible assets, net 674 293 381 — Other assets 4,238 567 1,693 1,978 Total assets $ 68,160 $ 29,803 $ 24,015 $ 14,342 Liabilities: Deposits $ 51,041 $ 21,460 $ 22,380 $ 7,201 Borrowings and qualifying debt 10,455 6 1,489 8,960 Other liabilities 979 70 173 736 Total liabilities 62,475 21,536 24,042 16,897 Allocated equity: 5,685 2,494 1,715 1,476 Total liabilities and stockholders' equity $ 68,160 $ 24,030 $ 25,757 $ 18,373 Excess funds provided (used) — (5,773) 1,742 4,031 Income Statement: Three Months Ended June 30, 2023: (in millions) Net interest income $ 550.3 $ 356.5 $ 204.8 $ (11.0) Provision for credit losses 21.8 18.2 1.9 1.7 Net interest income (expense) after provision for credit losses 528.5 338.3 202.9 (12.7) Non-interest income 119.0 30.8 86.1 2.1 Non-interest expense 387.4 147.7 232.3 7.4 Income (loss) before income taxes 260.1 221.4 56.7 (18.0) Income tax expense (benefit) 44.4 43.4 11.2 (10.2) Net income (loss) $ 215.7 $ 178.0 $ 45.5 $ (7.8) Six Months Ended June 30, 2023: (in millions) Net interest income $ 1,160.2 $ 746.0 $ 404.0 $ 10.2 Provision for credit losses 41.2 15.6 3.4 22.2 Net interest income (expense) after provision for credit losses 1,119.0 730.4 400.6 (12.0) Non-interest income 61.0 (65.9) 137.1 (10.2) Non-interest expense 735.3 283.6 424.4 27.3 Income (loss) before provision for income taxes 444.7 380.9 113.3 (49.5) Income tax expense 86.8 81.9 24.0 (19.1) Net income (loss) $ 357.9 $ 299.0 $ 89.3 $ (30.4) Balance Sheet: Consolidated Company Commercial Consumer Related Corporate At December 31, 2022: (in millions) Assets: Cash, cash equivalents, and investment securities $ 9,803 $ 12 $ — $ 9,791 Loans held for sale 1,184 — 1,184 — Loans, net of deferred fees and costs 51,862 31,414 20,448 — Less: allowance for credit losses (310) (262) (48) — Total loans 51,552 31,152 20,400 — Other assets acquired through foreclosure, net 11 11 — — Goodwill and other intangible assets, net 680 293 387 — Other assets 4,504 435 2,180 1,889 Total assets $ 67,734 $ 31,903 $ 24,151 $ 11,680 Liabilities: Deposits $ 53,644 $ 29,494 $ 18,492 $ 5,658 Borrowings and qualifying debt 7,192 27 340 6,825 Other liabilities 1,542 83 656 803 Total liabilities 62,378 29,604 19,488 13,286 Allocated equity: 5,356 2,684 1,691 981 Total liabilities and stockholders' equity $ 67,734 $ 32,288 $ 21,179 $ 14,267 Excess funds provided (used) — 385 (2,972) 2,587 Income Statements: Three Months Ended June 30, 2022: (in millions) Net interest income $ 525.0 $ 370.5 $ 219.4 $ (64.9) Provision for (recovery of) credit losses 27.5 32.7 (5.2) — Net interest income (expense) after provision for credit losses 497.5 337.8 224.6 (64.9) Non-interest income 95.0 18.0 74.6 2.4 Non-interest expense 268.9 115.9 139.1 13.9 Income (loss) before income taxes 323.6 239.9 160.1 (76.4) Income tax expense (benefit) 63.4 57.3 38.1 (32.0) Net income (loss) $ 260.2 $ 182.6 $ 122.0 $ (44.4) Six Months Ended June 30, 2022: (in millions) Net interest income $ 974.5 $ 705.3 $ 402.7 $ (133.5) Provision for (recovery of) credit losses 36.5 33.2 5.3 (2.0) Net interest income (expense) after provision for credit losses 938.0 672.1 397.4 (131.5) Non-interest income 201.3 34.9 153.8 12.6 Non-interest expense 517.5 230.4 264.1 23.0 Income (loss) before income taxes 621.8 476.6 287.1 (141.9) Income tax expense (benefit) 121.5 113.4 68.5 (60.4) Net income (loss) $ 500.3 $ 363.2 $ 218.6 $ (81.5) |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies - Additional Information (Detail) | 6 Months Ended |
Jun. 30, 2023 Subsidiary | |
Significant Of Accounting Policies [Line Items] | |
Number Of Unconsolidated Subsidiaries | 8 |
Investment Securities - Carryin
Investment Securities - Carrying Amounts and Fair Values of Investment Securities (Detail) - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 | ||
Debt Securities, Available-for-sale [Line Items] | ||||
Investment securities - equity | $ 139 | [1] | $ 160 | [2] |
Debt Securities, Held-to-maturity | 1,367 | 1,289 | ||
Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain | 1 | 0 | ||
Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss | (182) | (177) | ||
Debt Securities, Held-to-maturity, Fair Value | 1,186 | 1,112 | ||
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 826 | 890 | ||
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 3 | 9 | ||
Debt Securities, Available-for-sale | 8,631 | [1] | 7,092 | [2] |
Securities available for sale Total, Amortized Cost | 9,454 | 7,973 | ||
Commercial Mortgage Backed Securities Issued By US Government Sponsored Enterprise [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 9 | 8 | ||
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 0 | 1 | ||
Debt Securities, Available-for-sale | 60 | 97 | ||
Securities available for sale Total, Amortized Cost | 69 | 104 | ||
Corporate Bond Securities [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 73 | 39 | ||
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 0 | 0 | ||
Debt Securities, Available-for-sale | 338 | 390 | ||
Securities available for sale Total, Amortized Cost | 411 | 429 | ||
Residential Mortgage Backed Securities [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Held-to-maturity | 192 | 198 | ||
Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain | 0 | 0 | ||
Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss | (40) | (39) | ||
Debt Securities, Held-to-maturity, Fair Value | 152 | 159 | ||
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 230 | 243 | ||
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 0 | 0 | ||
Debt Securities, Available-for-sale | 1,141 | 1,199 | ||
Securities available for sale Total, Amortized Cost | 1,371 | 1,442 | ||
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 376 | 383 | ||
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 0 | 0 | ||
Debt Securities, Available-for-sale | 1,765 | 1,740 | ||
Securities available for sale Total, Amortized Cost | 2,141 | 2,123 | ||
Nontaxable Municipal Bonds [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Held-to-maturity | 1,175 | 1,091 | ||
Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain | 1 | 0 | ||
Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss | (142) | (138) | ||
Debt Securities, Held-to-maturity, Fair Value | 1,034 | 953 | ||
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 89 | 115 | ||
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 0 | 2 | ||
Debt Securities, Available-for-sale | 830 | 891 | ||
Securities available for sale Total, Amortized Cost | 919 | 1,004 | ||
US Treasury Securities [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 0 | |||
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 0 | |||
Debt Securities, Available-for-sale | 2,286 | |||
Securities available for sale Total, Amortized Cost | 2,286 | |||
CRA investments [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Investment securities - equity | 37 | 49 | ||
Preferred Stock [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Investment securities - equity | 100 | 108 | ||
Collateralized Loan Obligations | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 39 | 90 | ||
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 0 | 0 | ||
Debt Securities, Available-for-sale | 2,144 | 2,706 | ||
Securities available for sale Total, Amortized Cost | 2,183 | 2,796 | ||
Other Security Investments | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 10 | 12 | ||
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 3 | 6 | ||
Debt Securities, Available-for-sale | 67 | 69 | ||
Securities available for sale Total, Amortized Cost | 74 | 75 | ||
AAA [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Investment securities - equity | 0 | [1] | 0 | [2] |
Debt Securities, Held-to-maturity | 0 | 0 | ||
Debt Securities, Available-for-sale | 1,244 | [1] | 1,479 | [2] |
AAA [Member] | Commercial Mortgage Backed Securities Issued By US Government Sponsored Enterprise [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 0 | 0 | ||
AAA [Member] | Corporate Bond Securities [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 0 | 0 | ||
AAA [Member] | Residential Mortgage Backed Securities [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Held-to-maturity | 0 | 0 | ||
Debt Securities, Available-for-sale | 1,115 | 1,158 | ||
AAA [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 0 | 0 | ||
AAA [Member] | Nontaxable Municipal Bonds [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Held-to-maturity | 0 | 0 | ||
Debt Securities, Available-for-sale | 9 | 11 | ||
AAA [Member] | US Treasury Securities [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 0 | |||
AAA [Member] | CRA investments [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Investment securities - equity | 0 | 0 | ||
AAA [Member] | Preferred Stock [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Investment securities - equity | 0 | 0 | ||
AAA [Member] | Collateralized Loan Obligations | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 120 | 310 | ||
AAA [Member] | Other Security Investments | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 0 | 0 | ||
Split-rated AAA/AA Plus [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Investment securities - equity | 25 | [1] | 24 | [2] |
Debt Securities, Held-to-maturity | 0 | 0 | ||
Debt Securities, Available-for-sale | 4,127 | [1] | 1,852 | [2] |
Split-rated AAA/AA Plus [Member] | Commercial Mortgage Backed Securities Issued By US Government Sponsored Enterprise [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 60 | 97 | ||
Split-rated AAA/AA Plus [Member] | Corporate Bond Securities [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 0 | 0 | ||
Split-rated AAA/AA Plus [Member] | Residential Mortgage Backed Securities [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Held-to-maturity | 0 | 0 | ||
Debt Securities, Available-for-sale | 0 | 0 | ||
Split-rated AAA/AA Plus [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 1,765 | 1,740 | ||
Split-rated AAA/AA Plus [Member] | Nontaxable Municipal Bonds [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Held-to-maturity | 0 | 0 | ||
Debt Securities, Available-for-sale | 16 | 15 | ||
Split-rated AAA/AA Plus [Member] | US Treasury Securities [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 2,286 | |||
Split-rated AAA/AA Plus [Member] | CRA investments [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Investment securities - equity | 25 | 24 | ||
Split-rated AAA/AA Plus [Member] | Preferred Stock [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Investment securities - equity | 0 | 0 | ||
Split-rated AAA/AA Plus [Member] | Collateralized Loan Obligations | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 0 | 0 | ||
Split-rated AAA/AA Plus [Member] | Other Security Investments | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 0 | 0 | ||
AA Plus to AA- [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Investment securities - equity | 0 | [1] | 0 | [2] |
Debt Securities, Held-to-maturity | 0 | 0 | ||
Debt Securities, Available-for-sale | 2,348 | [1] | 2,563 | [2] |
AA Plus to AA- [Member] | Commercial Mortgage Backed Securities Issued By US Government Sponsored Enterprise [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 0 | 0 | ||
AA Plus to AA- [Member] | Corporate Bond Securities [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 0 | 0 | ||
AA Plus to AA- [Member] | Residential Mortgage Backed Securities [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Held-to-maturity | 0 | 0 | ||
Debt Securities, Available-for-sale | 25 | 41 | ||
AA Plus to AA- [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 0 | 0 | ||
AA Plus to AA- [Member] | Nontaxable Municipal Bonds [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Held-to-maturity | 0 | 0 | ||
Debt Securities, Available-for-sale | 354 | 392 | ||
AA Plus to AA- [Member] | US Treasury Securities [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 0 | |||
AA Plus to AA- [Member] | CRA investments [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Investment securities - equity | 0 | 0 | ||
AA Plus to AA- [Member] | Preferred Stock [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Investment securities - equity | 0 | 0 | ||
AA Plus to AA- [Member] | Collateralized Loan Obligations | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 1,960 | 2,121 | ||
AA Plus to AA- [Member] | Other Security Investments | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 9 | 9 | ||
A Plus to A- [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Investment securities - equity | 0 | [1] | 0 | [2] |
Debt Securities, Held-to-maturity | 0 | 0 | ||
Debt Securities, Available-for-sale | 519 | [1] | 783 | [2] |
A Plus to A- [Member] | Commercial Mortgage Backed Securities Issued By US Government Sponsored Enterprise [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 0 | 0 | ||
A Plus to A- [Member] | Corporate Bond Securities [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 70 | 74 | ||
A Plus to A- [Member] | Residential Mortgage Backed Securities [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Held-to-maturity | 0 | 0 | ||
Debt Securities, Available-for-sale | 0 | 0 | ||
A Plus to A- [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 0 | 0 | ||
A Plus to A- [Member] | Nontaxable Municipal Bonds [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Held-to-maturity | 0 | 0 | ||
Debt Securities, Available-for-sale | 376 | 425 | ||
A Plus to A- [Member] | US Treasury Securities [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 0 | |||
A Plus to A- [Member] | CRA investments [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Investment securities - equity | 0 | 0 | ||
A Plus to A- [Member] | Preferred Stock [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Investment securities - equity | 0 | 0 | ||
A Plus to A- [Member] | Collateralized Loan Obligations | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 64 | 275 | ||
A Plus to A- [Member] | Other Security Investments | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 9 | 9 | ||
BBB Plus to BBB- [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Investment securities - equity | 53 | [1] | 82 | [2] |
Debt Securities, Held-to-maturity | 0 | 0 | ||
Debt Securities, Available-for-sale | 248 | [1] | 343 | [2] |
BBB Plus to BBB- [Member] | Commercial Mortgage Backed Securities Issued By US Government Sponsored Enterprise [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 0 | 0 | ||
BBB Plus to BBB- [Member] | Corporate Bond Securities [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 219 | 316 | ||
BBB Plus to BBB- [Member] | Residential Mortgage Backed Securities [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Held-to-maturity | 0 | 0 | ||
Debt Securities, Available-for-sale | 0 | 0 | ||
BBB Plus to BBB- [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 0 | 0 | ||
BBB Plus to BBB- [Member] | Nontaxable Municipal Bonds [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Held-to-maturity | 0 | 0 | ||
Debt Securities, Available-for-sale | 0 | 0 | ||
BBB Plus to BBB- [Member] | US Treasury Securities [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 0 | |||
BBB Plus to BBB- [Member] | CRA investments [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Investment securities - equity | 0 | 0 | ||
BBB Plus to BBB- [Member] | Preferred Stock [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Investment securities - equity | 53 | 82 | ||
BBB Plus to BBB- [Member] | Collateralized Loan Obligations | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 0 | 0 | ||
BBB Plus to BBB- [Member] | Other Security Investments | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 29 | 27 | ||
BB Plus and below [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Investment securities - equity | 37 | [1] | 17 | [2] |
Debt Securities, Held-to-maturity | 0 | 0 | ||
Debt Securities, Available-for-sale | 53 | [1] | 6 | [2] |
BB Plus and below [Member] | Commercial Mortgage Backed Securities Issued By US Government Sponsored Enterprise [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 0 | 0 | ||
BB Plus and below [Member] | Corporate Bond Securities [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 49 | 0 | ||
BB Plus and below [Member] | Residential Mortgage Backed Securities [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Held-to-maturity | 0 | 0 | ||
Debt Securities, Available-for-sale | 1 | 0 | ||
BB Plus and below [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 0 | 0 | ||
BB Plus and below [Member] | Nontaxable Municipal Bonds [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Held-to-maturity | 0 | 0 | ||
Debt Securities, Available-for-sale | 0 | 0 | ||
BB Plus and below [Member] | US Treasury Securities [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 0 | |||
BB Plus and below [Member] | CRA investments [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Investment securities - equity | 0 | 0 | ||
BB Plus and below [Member] | Preferred Stock [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Investment securities - equity | 37 | 17 | ||
BB Plus and below [Member] | Collateralized Loan Obligations | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 0 | 0 | ||
BB Plus and below [Member] | Other Security Investments | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 3 | 6 | ||
Corporate Credit Quality Indicator Unrated [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Investment securities - equity | 24 | [1] | 37 | [2] |
Debt Securities, Held-to-maturity | 1,367 | 1,289 | ||
Debt Securities, Available-for-sale | 92 | [1] | 66 | [2] |
Corporate Credit Quality Indicator Unrated [Member] | Commercial Mortgage Backed Securities Issued By US Government Sponsored Enterprise [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 0 | 0 | ||
Corporate Credit Quality Indicator Unrated [Member] | Corporate Bond Securities [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 0 | 0 | ||
Corporate Credit Quality Indicator Unrated [Member] | Residential Mortgage Backed Securities [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Held-to-maturity | 192 | 198 | ||
Debt Securities, Available-for-sale | 0 | 0 | ||
Corporate Credit Quality Indicator Unrated [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 0 | 0 | ||
Corporate Credit Quality Indicator Unrated [Member] | Nontaxable Municipal Bonds [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Held-to-maturity | 1,175 | 1,091 | ||
Debt Securities, Available-for-sale | 75 | 48 | ||
Corporate Credit Quality Indicator Unrated [Member] | US Treasury Securities [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 0 | |||
Corporate Credit Quality Indicator Unrated [Member] | CRA investments [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Investment securities - equity | 12 | 25 | ||
Corporate Credit Quality Indicator Unrated [Member] | Preferred Stock [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Investment securities - equity | 10 | 9 | ||
Corporate Credit Quality Indicator Unrated [Member] | Collateralized Loan Obligations | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 0 | 0 | ||
Corporate Credit Quality Indicator Unrated [Member] | Other Security Investments | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | $ 17 | $ 18 | ||
[1]ratings differ, the Company uses an average of the available ratings by major credit agencies.[2]For rated securities, if ratings differ, the Company uses an average of the available ratings by major credit agencies. |
Investment Securities - Additio
Investment Securities - Additional Information (Detail) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2023 USD ($) positions | Jun. 30, 2022 USD ($) | Jun. 30, 2023 USD ($) positions | Jun. 30, 2022 USD ($) | Dec. 31, 2022 USD ($) positions | |
Pledged Securities [Abstract] | |||||
Accrued Investment Income Receivable | $ 4,000 | $ 4,000 | $ 4,000 | ||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | positions | 797 | 797 | 832 | ||
Debt Securities, Available-for-sale, Realized Gain (Loss) | $ (13,600) | $ 400 | $ (26,100) | $ 7,300 | |
Debt Securities, Available-for-Sale, Pledged Status [Extensible Enumeration] | Asset Pledged as Collateral | Asset Pledged as Collateral | Asset Pledged as Collateral |
Investment Securities - Unreali
Investment Securities - Unrealized Losses and Fair Value of Investment Securities in Continuous Unrealized Loss Position (Detail) $ in Millions | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2023 USD ($) positions | Jun. 30, 2022 USD ($) | Jun. 30, 2023 USD ($) positions | Jun. 30, 2022 USD ($) | Dec. 31, 2022 USD ($) positions | |
Debt Securities, Available-for-sale [Line Items] | |||||
Unrealized gains (losses) on assets measured at fair value, net | $ 0.1 | $ (10) | $ (8.4) | $ (16.7) | |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | 826 | 826 | $ 890 | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 804 | 804 | 571 | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 22 | 22 | 319 | ||
Debt Securities, Available-for-sale, Unrealized Loss Position | 6,266 | 6,266 | 6,900 | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 5,563 | 5,563 | 2,467 | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | $ 703 | $ 703 | $ 4,433 | ||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | positions | 797 | 797 | 832 | ||
Corporate Bond Securities [Member] | |||||
Debt Securities, Available-for-sale [Line Items] | |||||
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $ 73 | $ 73 | $ 39 | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 71 | 71 | 11 | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 2 | 2 | 28 | ||
Debt Securities, Available-for-sale, Unrealized Loss Position | 335 | 335 | 383 | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 320 | 320 | 120 | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | 15 | 15 | 263 | ||
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | |||||
Debt Securities, Available-for-sale [Line Items] | |||||
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | 376 | 376 | 383 | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 368 | 368 | 301 | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 8 | 8 | 82 | ||
Debt Securities, Available-for-sale, Unrealized Loss Position | 1,747 | 1,747 | 1,701 | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 1,508 | 1,508 | 1,101 | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | 239 | 239 | 600 | ||
Nontaxable Municipal Bonds [Member] | |||||
Debt Securities, Available-for-sale [Line Items] | |||||
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | 89 | 89 | 115 | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 83 | 83 | 22 | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 6 | 6 | 93 | ||
Debt Securities, Available-for-sale, Unrealized Loss Position | 825 | 825 | 830 | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 695 | 695 | 78 | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | 130 | 130 | 752 | ||
Residential Mortgage Backed Securities [Member] | |||||
Debt Securities, Available-for-sale [Line Items] | |||||
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | 230 | 230 | 243 | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 229 | 229 | 216 | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 1 | 1 | 27 | ||
Debt Securities, Available-for-sale, Unrealized Loss Position | 1,112 | 1,112 | 1,191 | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 1,084 | 1,084 | 912 | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | 28 | 28 | 279 | ||
Commercial Mortgage Backed Securities Issued By US Government Sponsored Enterprise [Member] | |||||
Debt Securities, Available-for-sale [Line Items] | |||||
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | 9 | 9 | 8 | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 8 | 8 | 4 | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 1 | 1 | 4 | ||
Debt Securities, Available-for-sale, Unrealized Loss Position | 57 | 57 | 60 | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 45 | 45 | 14 | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | 12 | 12 | 46 | ||
Other Security Investments | |||||
Debt Securities, Available-for-sale [Line Items] | |||||
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | 10 | 10 | 12 | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 8 | 8 | 8 | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 2 | 2 | 4 | ||
Debt Securities, Available-for-sale, Unrealized Loss Position | 54 | 54 | 52 | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 36 | 36 | 26 | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | 18 | 18 | 26 | ||
Collateralized Loan Obligations | |||||
Debt Securities, Available-for-sale [Line Items] | |||||
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | 39 | 39 | 90 | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 37 | 37 | 9 | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 2 | 2 | 81 | ||
Debt Securities, Available-for-sale, Unrealized Loss Position | 2,136 | 2,136 | 2,683 | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 1,875 | 1,875 | 216 | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | $ 261 | $ 261 | $ 2,467 |
Investment Securities - Amortiz
Investment Securities - Amortized Cost and Fair Value of Investment Securities by Contractual Maturities (Detail) - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 | ||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, within One Year, Amortized Cost | $ 22 | |||
Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, after One Through Five Years, Amortized Cost | 6 | |||
Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, after 10 Years, Amortized Cost | 1,114 | |||
Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, within One Year, Fair Value | 22 | |||
Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, after One Through Five Years, Fair Value | 6 | |||
Held-to-maturity Securities, Debt Maturities, Rolling Year Six Through Ten, Fair Value | 31 | |||
Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, after Five Through Ten Years, Amortized Cost | 33 | |||
Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, after 10 Years, Fair Value | 975 | |||
Debt Securities, Held-to-maturity, Maturity, without Single Maturity Date, Fair Value | 152 | |||
Debt Securities, Held-to-maturity, Maturity, without Single Maturity Date, Amortized Cost | 192 | |||
Debt Securities, Held-to-maturity | 1,367 | $ 1,289 | ||
Debt Securities, Held-to-maturity, Fair Value | 1,186 | 1,112 | ||
Securities available for sale, Due in one year or less, Amortized Cost | 2,286 | |||
Securities available for sale, After one year through five years, Amortized Cost | 166 | |||
Securities available for sale, After five years through ten years, Amortized Cost | 898 | |||
Securities available for sale, After ten years, Amortized Cost | 2,523 | |||
Securities available for sale, Mortgage backed securities, Amortized Cost | 3,581 | |||
Securities available for sale Total, Amortized Cost | 9,454 | 7,973 | ||
Securities available for sale, Due in one year or less, Estimated Fair Value | 2,285 | |||
Securities available for sale, After one year through five years, Estimated Fair Value | 149 | |||
Securities available for sale, After five years through ten years, Estimated Fair Value | 832 | |||
Securities available for sale, After ten years, Estimated Fair Value | 2,399 | |||
Securities available for sale, Mortgage backed securities, Estimated Fair Value | 2,966 | |||
Securities available for sale Total, Estimated Fair Value | $ 8,631 | [1] | $ 7,092 | [2] |
[1]ratings differ, the Company uses an average of the available ratings by major credit agencies.[2]For rated securities, if ratings differ, the Company uses an average of the available ratings by major credit agencies. |
Investment Securities - Investm
Investment Securities - Investment Securities by Credit Rating Type (Detail) - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 | ||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Held-to-maturity | $ 1,367 | $ 1,289 | ||
Debt Securities, Available-for-sale | 8,631 | [1] | 7,092 | [2] |
Investment securities - equity | 139 | [1] | 160 | [2] |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 1,765 | 1,740 | ||
Nontaxable Municipal Bonds [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Held-to-maturity | 1,175 | 1,091 | ||
Debt Securities, Available-for-sale | 830 | 891 | ||
Commercial Mortgage Backed Securities Issued By US Government Sponsored Enterprise [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 60 | 97 | ||
Residential Mortgage Backed Securities [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Held-to-maturity | 192 | 198 | ||
Debt Securities, Available-for-sale | 1,141 | 1,199 | ||
US Treasury Securities [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 2,286 | |||
Preferred Stock [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Investment securities - equity | 100 | 108 | ||
Corporate Bond Securities [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 338 | 390 | ||
CRA investments [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Investment securities - equity | 37 | 49 | ||
Other Security Investments | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 67 | 69 | ||
Collateralized Loan Obligations | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 2,144 | 2,706 | ||
Common Stock [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Investment securities - equity | 2 | 3 | ||
A Plus to A- [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Held-to-maturity | 0 | 0 | ||
Debt Securities, Available-for-sale | 519 | [1] | 783 | [2] |
Investment securities - equity | 0 | [1] | 0 | [2] |
A Plus to A- [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 0 | 0 | ||
A Plus to A- [Member] | Nontaxable Municipal Bonds [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Held-to-maturity | 0 | 0 | ||
Debt Securities, Available-for-sale | 376 | 425 | ||
A Plus to A- [Member] | Commercial Mortgage Backed Securities Issued By US Government Sponsored Enterprise [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 0 | 0 | ||
A Plus to A- [Member] | Residential Mortgage Backed Securities [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Held-to-maturity | 0 | 0 | ||
Debt Securities, Available-for-sale | 0 | 0 | ||
A Plus to A- [Member] | US Treasury Securities [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 0 | |||
A Plus to A- [Member] | Preferred Stock [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Investment securities - equity | 0 | 0 | ||
A Plus to A- [Member] | Corporate Bond Securities [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 70 | 74 | ||
A Plus to A- [Member] | CRA investments [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Investment securities - equity | 0 | 0 | ||
A Plus to A- [Member] | Other Security Investments | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 9 | 9 | ||
A Plus to A- [Member] | Collateralized Loan Obligations | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 64 | 275 | ||
Corporate Credit Quality Indicator Unrated [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Held-to-maturity | 1,367 | 1,289 | ||
Debt Securities, Available-for-sale | 92 | [1] | 66 | [2] |
Investment securities - equity | 24 | [1] | 37 | [2] |
Corporate Credit Quality Indicator Unrated [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 0 | 0 | ||
Corporate Credit Quality Indicator Unrated [Member] | Nontaxable Municipal Bonds [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Held-to-maturity | 1,175 | 1,091 | ||
Debt Securities, Available-for-sale | 75 | 48 | ||
Corporate Credit Quality Indicator Unrated [Member] | Commercial Mortgage Backed Securities Issued By US Government Sponsored Enterprise [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 0 | 0 | ||
Corporate Credit Quality Indicator Unrated [Member] | Residential Mortgage Backed Securities [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Held-to-maturity | 192 | 198 | ||
Debt Securities, Available-for-sale | 0 | 0 | ||
Corporate Credit Quality Indicator Unrated [Member] | US Treasury Securities [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 0 | |||
Corporate Credit Quality Indicator Unrated [Member] | Preferred Stock [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Investment securities - equity | 10 | 9 | ||
Corporate Credit Quality Indicator Unrated [Member] | Corporate Bond Securities [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 0 | 0 | ||
Corporate Credit Quality Indicator Unrated [Member] | CRA investments [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Investment securities - equity | 12 | 25 | ||
Corporate Credit Quality Indicator Unrated [Member] | Other Security Investments | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 17 | 18 | ||
Corporate Credit Quality Indicator Unrated [Member] | Collateralized Loan Obligations | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, Available-for-sale | 0 | 0 | ||
Corporate Credit Quality Indicator Unrated [Member] | Common Stock [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Investment securities - equity | $ 2 | $ 3 | ||
[1]ratings differ, the Company uses an average of the available ratings by major credit agencies.[2]For rated securities, if ratings differ, the Company uses an average of the available ratings by major credit agencies. |
Investment Securities - Gross G
Investment Securities - Gross Gains and (Losses) on Sales of Investments (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Investments, Debt and Equity Securities [Abstract] | ||||
Debt Securities, Available-for-sale, Realized Gain (Loss) | $ (13,600) | $ 400 | $ (26,100) | $ 7,300 |
Equity Securities, FV-NI, Realized Gain | 0 | 0 | 0 | 0 |
Equity Securities, FV-NI, Realized Loss | 0 | 600 | 0 | 600 |
Less: Net gains (losses) recognized on equity securities sold | 0 | (600) | 0 | (600) |
Debt Securities, Available-for-Sale, Realized Gain | 100 | 400 | 3,500 | 7,300 |
Debt Securities, Available-for-Sale, Realized Loss | $ (13,700) | 0 | $ (29,600) | 0 |
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items] | ||||
Debt and Equity Securities, Realized Gain (Loss) | $ (200) | $ 6,700 |
Investment Securities Investmen
Investment Securities Investment Securities - Allowance for Credit Losses - HTM (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||||||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Mar. 31, 2023 | Dec. 31, 2022 | Mar. 31, 2022 | Dec. 31, 2021 | |
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items] | ||||||||
Debt Securities, Held-to-Maturity, Allowance for Credit Loss, Excluding Accrued Interest | $ 6 | $ 3.2 | $ 6 | $ 3.2 | $ 6.5 | $ 5.2 | $ 3.2 | $ 5.2 |
Debt Securities, Held-to-Maturity, Excluding Accrued Interest, Credit Loss Expense (Reversal) | 0.5 | 0 | (0.8) | (2) | ||||
Debt Securities, Held-to-Maturity, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 0 | 0 | 0 | 0 | ||||
Debt Securities, Held-to-Maturity, Excluding Accrued Interest, Allowance for Credit Loss, Recovery | 0 | $ 0 | 0 | $ 0 | ||||
Accrued Investment Income Receivable | 4 | 4 | 4 | |||||
Debt Securities, Available-for-Sale, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 0 | 17.1 | ||||||
Debt Securities, Available-for-Sale, Excluding Accrued Interest, Allowance for Credit Loss, Recovery | 0 | 0 | ||||||
Debt Securities, Available-for-Sale, Allowance for Credit Loss, Excluding Accrued Interest | 4.4 | 4.4 | $ 2.2 | $ 0 | ||||
Debt Securities, Available-for-Sale, Excluding Accrued Interest, Allowance for Credit Loss, Not Previously Recorded | $ (2.2) | $ (21.5) |
Loans Held For Sale (Details)
Loans Held For Sale (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | |
Loans and Leases Receivable Disclosure [Line Items] | |||||
Loans Receivable Held-for-sale, Amount | $ 3,156 | $ 3,156 | $ 1,184 | ||
Proceeds from Sale of Mortgage Loans Held-for-sale | (230.6) | $ (361.7) | (338) | $ (698.6) | |
MSR capitalized upon sale of loan | 244.8 | 193.4 | 387.2 | 397.5 | |
Provision for and change in estimate of liability for losses under representations and warranties | 0.3 | 0.8 | 2.7 | 1.6 | |
Change in fair value of loans held for sale | (9.7) | 59.3 | (3.1) | (6.9) | |
Unrealized Gain (Loss) on Derivatives | 37.2 | (49.8) | 15 | 31.4 | |
Derivative Instruments Not Designated as Hedging Instruments, Gain | 4.9 | 167.9 | 2.5 | 303.5 | |
Derivative, Gain (Loss) on Derivative, Net | 42.1 | 118.1 | 17.5 | 334.9 | |
Gain (Loss) on Sales of Loans, Net | 46.9 | 9.9 | 66.3 | 28.5 | |
Loan acquisition and origination fees | 15.4 | 17.3 | 27.4 | 35.6 | |
Net gain on loan origination and sale activities | 62.3 | $ 27.2 | 93.7 | $ 64.1 | |
Purchased from Ginnie Mae | |||||
Loans and Leases Receivable Disclosure [Line Items] | |||||
Loans Receivable Held-for-sale, Amount | 3 | 3 | 0 | ||
Purchased from correspondent seller | |||||
Loans and Leases Receivable Disclosure [Line Items] | |||||
Loans Receivable Held-for-sale, Amount | 816 | 816 | 591 | ||
Loans Insured or Guaranteed by US Government Authorities | |||||
Loans and Leases Receivable Disclosure [Line Items] | |||||
Loans Receivable Held-for-sale, Amount | 819 | 819 | 591 | ||
US Government Agency Insured Loans | |||||
Loans and Leases Receivable Disclosure [Line Items] | |||||
Loans Receivable Held-for-sale, Amount | 538 | 538 | 593 | ||
Commercial Real Estate [Member] | |||||
Loans and Leases Receivable Disclosure [Line Items] | |||||
Loans Receivable Held-for-sale, Amount | 134 | 134 | 0 | ||
Commercial and industrial | |||||
Loans and Leases Receivable Disclosure [Line Items] | |||||
Loans Receivable Held-for-sale, Amount | 1,619 | 1,619 | 0 | ||
Residential Real Estate [Member] | |||||
Loans and Leases Receivable Disclosure [Line Items] | |||||
Loans Receivable Held-for-sale, Amount | $ 46 | $ 46 | $ 0 |
Loans, Leases and Allowance f_2
Loans, Leases and Allowance for Credit Losses - Schedule of Held for Investment Loan Portfolio Composition of Loans, Leases and Allowance for Credit Losses (Detail) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||||||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Mar. 31, 2023 | Dec. 31, 2022 | Mar. 31, 2022 | Dec. 31, 2021 | |
Financing Receivable, Allowance for Credit Loss [Line Items] | ||||||||
Loans and Leases Receivable, Net of Deferred Income | $ 47,875 | $ 47,875 | $ 51,862 | |||||
Loans and Leases Receivable, Allowance | (321.1) | $ (273.2) | (321.1) | $ (273.2) | $ (304.7) | (309.7) | $ (257.6) | $ (252.5) |
Loans, net | 47,554 | 47,554 | 51,552 | |||||
Net deferred loan fees and costs | (115) | (115) | (141) | |||||
Receivable with Imputed Interest, Premium | 187 | 187 | 195 | |||||
Loans Receivable Held-for-sale, Amount | 3,156 | 3,156 | 1,184 | |||||
Provision for Loan and Lease Losses | (23.8) | (17) | (24.8) | (22.3) | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 8.2 | 2.4 | 17.4 | 5 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Recovery | (0.8) | (1) | (4) | (3.4) | ||||
Warehouse lending [Member] | ||||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||||||||
Loans and Leases Receivable, Net of Deferred Income | 5,549 | 5,549 | 5,561 | |||||
Loans and Leases Receivable, Allowance | (5.2) | (3.7) | (5.2) | (3.7) | (6.6) | (8.4) | (2.9) | (3) |
Provision for Loan and Lease Losses | (1.4) | 0.8 | (3.2) | 0.7 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 0 | 0 | 0 | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Recovery | 0 | 0 | 0 | 0 | ||||
Municipal and nonprofit [Member] | ||||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||||||||
Loans and Leases Receivable, Net of Deferred Income | 1,558 | 1,558 | 1,524 | |||||
Loans and Leases Receivable, Allowance | (16.5) | (13.6) | (16.5) | (13.6) | (18.4) | (15.9) | (13.4) | (13.7) |
Provision for Loan and Lease Losses | 1.9 | 0.2 | (0.6) | (0.1) | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 0 | 0 | 0 | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Recovery | 0 | 0 | 0 | 0 | ||||
Tech & Innovation [Member] | ||||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||||||||
Loans and Leases Receivable, Net of Deferred Income | 2,401 | 2,401 | 2,293 | |||||
Loans and Leases Receivable, Allowance | (33.6) | (25.4) | (33.6) | (25.4) | (36.4) | (30.8) | (28) | (25.7) |
Provision for Loan and Lease Losses | 2.8 | 2.6 | (4.6) | 2.3 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 0 | 0 | 1.8 | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Recovery | 0 | 0 | 0 | (2) | ||||
Equity fund resources | ||||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||||||||
Loans and Leases Receivable, Net of Deferred Income | 931 | 931 | 3,717 | |||||
Loans and Leases Receivable, Allowance | (1.7) | (14) | (1.7) | (14) | (3.3) | (6.4) | (6.6) | (9.6) |
Provision for Loan and Lease Losses | (1.6) | 7.4 | (4.7) | 4.4 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 0 | 0 | 0 | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Recovery | 0 | 0 | 0 | 0 | ||||
Other commercial and industrial [Member] | ||||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||||||||
Loans and Leases Receivable, Net of Deferred Income | 6,396 | 6,396 | 7,793 | |||||
Loans and Leases Receivable, Allowance | (51.8) | (119.2) | (51.8) | (119.2) | (51.1) | (85.9) | (115.7) | (103.6) |
Provision for Loan and Lease Losses | 5.9 | (5.1) | (24.8) | (19.4) | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 6 | 2.3 | 13.3 | 4.9 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Recovery | (0.8) | (0.7) | (4) | (1.1) | ||||
Commercial Real Estate Owner Occupied [Member] | ||||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||||||||
Loans and Leases Receivable, Net of Deferred Income | 1,648 | 1,648 | 1,656 | |||||
Loans and Leases Receivable, Allowance | (8) | (7.5) | (8) | (7.5) | (8.6) | (7.1) | (8.1) | (10.6) |
Provision for Loan and Lease Losses | 0.6 | (0.7) | (0.9) | (3.2) | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 0 | 0 | 0 | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Recovery | 0 | (0.1) | 0 | (0.1) | ||||
Hotel franchise finance [Member] | ||||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||||||||
Loans and Leases Receivable, Net of Deferred Income | 4,101 | 4,101 | 3,807 | |||||
Loans and Leases Receivable, Allowance | (45.7) | (33.8) | (45.7) | (33.8) | (47.7) | (46.9) | (30.6) | (41.5) |
Provision for Loan and Lease Losses | 2 | 3.2 | 1.2 | (7.7) | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 0 | 0 | 0 | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Recovery | 0 | 0 | 0 | 0 | ||||
Other Commercial Real Estate Non owner Occupied [Member] | ||||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||||||||
Loans and Leases Receivable, Net of Deferred Income | 5,792 | 5,792 | 5,457 | |||||
Loans and Leases Receivable, Allowance | (90.1) | (22.1) | (90.1) | (22.1) | (66.4) | (47.4) | (15.3) | (16.9) |
Provision for Loan and Lease Losses | (25.9) | 6.8 | (44.9) | 5.2 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 2.2 | 0 | 2.2 | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Recovery | 0 | 0 | 0 | 0 | ||||
Residential Real Estate [Member] | ||||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||||||||
Loans and Leases Receivable, Net of Deferred Income | 13,502 | 13,502 | 13,996 | |||||
Loans and Leases Receivable, Allowance | (33.9) | (18.8) | (33.9) | (18.8) | (31.7) | (30.4) | (23.8) | (12.5) |
Provision for Loan and Lease Losses | (2.2) | 5 | (3.5) | (6.3) | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 0 | 0 | 0 | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Recovery | 0 | 0 | 0 | 0 | ||||
Residential - EBO | ||||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||||||||
Loans and Leases Receivable, Net of Deferred Income | 1,432 | 1,432 | 1,884 | |||||
Loans and Leases Receivable, Allowance | 0 | 0 | 0 | 0 | ||||
Provision for Loan and Lease Losses | 0 | 0 | ||||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 0 | 0 | ||||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Recovery | 0 | 0 | ||||||
Construction And Land Development Land [Member] | ||||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||||||||
Loans and Leases Receivable, Net of Deferred Income | 4,403 | 4,403 | 3,995 | |||||
Other, loan segment | ||||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||||||||
Loans and Leases Receivable, Net of Deferred Income | 162 | 162 | 179 | |||||
Loans and Leases Receivable, Allowance | (2.9) | (2.9) | (2.9) | (2.9) | (3) | (3.1) | (2.5) | (2.9) |
Provision for Loan and Lease Losses | (0.1) | 0.3 | (0.1) | (0.1) | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 0 | 0.1 | 0.1 | 0.1 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Recovery | 0 | (0.2) | 0 | (0.2) | ||||
Construction And Land Development [Member] | ||||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||||||||
Loans and Leases Receivable, Net of Deferred Income | 4,403 | 4,403 | 3,995 | |||||
Loans and Leases Receivable, Allowance | (31.7) | (12.2) | (31.7) | (12.2) | $ (31.5) | $ (27.4) | $ (10.7) | $ (12.5) |
Provision for Loan and Lease Losses | (0.2) | 1.5 | (4.3) | (0.3) | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 0 | 0 | 0 | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Recovery | $ 0 | $ 0 | $ 0 | $ 0 |
Loans, Leases and Allowance f_3
Loans, Leases and Allowance for Credit Losses - Summary of Recorded Investment in Nonaccrual Loans and Loans Past Due 90 Days Still Accruing Interest by Loan Class (Detail) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | |
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual with an Allowance for Credit Loss | $ 172 | $ 172 | $ 65 | ||
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing | 481 | 481 | 582 | ||
Financing Receivable, Excluding Accrued Interest, Nonaccrual | 256 | 256 | 85 | ||
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance | 84 | 84 | 20 | ||
Loans Receivable Held-for-sale, Amount | 3,156 | 3,156 | 1,184 | ||
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans | 2.8 | $ 1.2 | 3.6 | $ 2.3 | |
Loans and Leases Receivable, Net of Deferred Income | 47,875 | 47,875 | 51,862 | ||
Warehouse lending [Member] | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Loans and Leases Receivable, Net of Deferred Income | 5,549 | 5,549 | 5,561 | ||
Municipal and nonprofit [Member] | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual with an Allowance for Credit Loss | 7 | 7 | 7 | ||
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing | 0 | 0 | 0 | ||
Financing Receivable, Excluding Accrued Interest, Nonaccrual | 13 | 13 | 7 | ||
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance | 6 | 6 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 1,558 | 1,558 | 1,524 | ||
Tech & Innovation [Member] | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual with an Allowance for Credit Loss | 7 | 7 | 1 | ||
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing | 0 | 0 | 0 | ||
Financing Receivable, Excluding Accrued Interest, Nonaccrual | 7 | 7 | 1 | ||
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance | 0 | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 2,401 | 2,401 | 2,293 | ||
Equity fund resources | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Loans and Leases Receivable, Net of Deferred Income | 931 | 931 | 3,717 | ||
Other commercial and industrial [Member] | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual with an Allowance for Credit Loss | 23 | 23 | 23 | ||
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing | 0 | 0 | 0 | ||
Financing Receivable, Excluding Accrued Interest, Nonaccrual | 82 | 82 | 24 | ||
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance | 59 | 59 | 1 | ||
Loans and Leases Receivable, Net of Deferred Income | 6,396 | 6,396 | 7,793 | ||
Commercial Real Estate Owner Occupied [Member] | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual with an Allowance for Credit Loss | 2 | 2 | 2 | ||
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing | 0 | 0 | 0 | ||
Financing Receivable, Excluding Accrued Interest, Nonaccrual | 18 | 18 | 12 | ||
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance | 16 | 16 | 10 | ||
Loans and Leases Receivable, Net of Deferred Income | 1,648 | 1,648 | 1,656 | ||
Hotel franchise finance [Member] | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual with an Allowance for Credit Loss | 10 | ||||
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Nonaccrual | 10 | ||||
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance | 0 | ||||
Loans and Leases Receivable, Net of Deferred Income | 4,101 | 4,101 | 3,807 | ||
Other Commercial Real Estate Non owner Occupied [Member] | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual with an Allowance for Credit Loss | 75 | 75 | 3 | ||
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing | 0 | 0 | 0 | ||
Financing Receivable, Excluding Accrued Interest, Nonaccrual | 78 | 78 | 8 | ||
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance | 3 | 3 | 5 | ||
Loans and Leases Receivable, Net of Deferred Income | 5,792 | 5,792 | 5,457 | ||
Residential Real Estate [Member] | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual with an Allowance for Credit Loss | 58 | 58 | 19 | ||
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing | 0 | 0 | 0 | ||
Financing Receivable, Excluding Accrued Interest, Nonaccrual | 58 | 58 | 19 | ||
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance | 0 | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 13,502 | 13,502 | 13,996 | ||
Residential - EBO | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual with an Allowance for Credit Loss | 0 | 0 | 0 | ||
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing | 481 | 481 | 582 | ||
Financing Receivable, Excluding Accrued Interest, Nonaccrual | 0 | 0 | 0 | ||
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance | 0 | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 1,432 | 1,432 | 1,884 | ||
Construction And Land Development [Member] | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual with an Allowance for Credit Loss | 0 | ||||
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Nonaccrual | 4 | ||||
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance | 4 | ||||
Loans and Leases Receivable, Net of Deferred Income | 4,403 | 4,403 | 3,995 | ||
Construction And Land Development Land [Member] | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Loans and Leases Receivable, Net of Deferred Income | 4,403 | 4,403 | 3,995 | ||
Other, loan segment | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Loans and Leases Receivable, Net of Deferred Income | $ 162 | $ 162 | $ 179 |
Contractual Aging of Loan Portf
Contractual Aging of Loan Portfolio by Segment (Detail) - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 |
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | $ 47,875 | $ 51,862 |
Financing Receivable, Originated in Current Fiscal Year | 4,239 | 15,460 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 13,131 | 15,098 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 12,461 | 3,997 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 3,457 | 2,319 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 1,863 | 1,427 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2,908 | 2,216 |
Financing Receivable, Revolving | 9,816 | 11,345 |
Pass [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 46,601 | 51,145 |
Financing Receivable, Originated in Current Fiscal Year | 4,154 | 15,349 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 12,836 | 14,914 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 12,094 | 3,853 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 3,263 | 2,167 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 1,653 | 1,363 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2,830 | 2,191 |
Financing Receivable, Revolving | 9,771 | 11,308 |
Special Mention [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 694 | 351 |
Financing Receivable, Originated in Current Fiscal Year | 49 | 82 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 236 | 104 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 132 | 127 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 156 | 12 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 70 | 0 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 33 | 2 |
Financing Receivable, Revolving | 18 | 24 |
Substandard [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 580 | 366 |
Financing Receivable, Originated in Current Fiscal Year | 36 | 29 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 59 | 80 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 235 | 17 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 38 | 140 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 140 | 64 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 45 | 23 |
Financing Receivable, Revolving | 27 | 13 |
Warehouse lending [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 5,549 | 5,561 |
Financing Receivable, Originated in Current Fiscal Year | 387 | 440 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 248 | 41 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 320 | 152 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 293 | 0 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Revolving | 4,301 | 4,928 |
Warehouse lending [Member] | Pass [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 5,549 | 5,518 |
Financing Receivable, Originated in Current Fiscal Year | 387 | 397 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 248 | 41 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 320 | 152 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 293 | 0 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Revolving | 4,301 | 4,928 |
Warehouse lending [Member] | Special Mention [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | 43 |
Financing Receivable, Originated in Current Fiscal Year | 0 | 43 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Revolving | 0 | 0 |
Warehouse lending [Member] | Substandard [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 |
Financing Receivable, Originated in Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Revolving | 0 | 0 |
Municipal and nonprofit [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 1,558 | 1,524 |
Financing Receivable, Originated in Current Fiscal Year | 25 | 107 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 138 | 185 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 187 | 187 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 186 | 78 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 77 | 43 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 945 | 924 |
Financing Receivable, Revolving | 0 | 0 |
Municipal and nonprofit [Member] | Pass [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 1,527 | 1,517 |
Financing Receivable, Originated in Current Fiscal Year | 25 | 107 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 131 | 185 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 187 | 187 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 186 | 78 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 71 | 43 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 927 | 917 |
Financing Receivable, Revolving | 0 | 0 |
Municipal and nonprofit [Member] | Special Mention [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 18 | 0 |
Financing Receivable, Originated in Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 7 | 0 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 11 | 0 |
Financing Receivable, Revolving | 0 | 0 |
Municipal and nonprofit [Member] | Substandard [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 13 | 7 |
Financing Receivable, Originated in Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 6 | 0 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 7 | 7 |
Financing Receivable, Revolving | 0 | 0 |
Tech & Innovation [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 2,401 | 2,293 |
Financing Receivable, Originated in Current Fiscal Year | 244 | 851 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 811 | 408 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 281 | 90 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 86 | 66 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 53 | 4 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 1 | 1 |
Financing Receivable, Revolving | 925 | 873 |
Tech & Innovation [Member] | Pass [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 2,314 | 2,198 |
Financing Receivable, Originated in Current Fiscal Year | 226 | 813 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 774 | 374 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 275 | 87 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 77 | 66 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 53 | 4 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 1 | 1 |
Financing Receivable, Revolving | 908 | 853 |
Tech & Innovation [Member] | Special Mention [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 67 | 81 |
Financing Receivable, Originated in Current Fiscal Year | 12 | 36 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 32 | 22 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | 3 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 6 | 0 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Revolving | 17 | 20 |
Tech & Innovation [Member] | Substandard [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 20 | 14 |
Financing Receivable, Originated in Current Fiscal Year | 6 | 2 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 5 | 12 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 6 | 0 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 3 | 0 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Revolving | 0 | 0 |
Equity fund resources | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 931 | 3,717 |
Financing Receivable, Originated in Current Fiscal Year | 116 | 1,020 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 89 | 1,189 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 48 | 191 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 3 | 16 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 12 | 0 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 4 | 0 |
Financing Receivable, Revolving | 659 | 1,301 |
Equity fund resources | Pass [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 931 | 3,717 |
Financing Receivable, Originated in Current Fiscal Year | 116 | 1,020 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 89 | 1,189 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 48 | 191 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 3 | 16 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 12 | 0 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 4 | 0 |
Financing Receivable, Revolving | 659 | 1,301 |
Equity fund resources | Special Mention [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 |
Financing Receivable, Originated in Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Revolving | 0 | 0 |
Equity fund resources | Substandard [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 |
Financing Receivable, Originated in Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Revolving | 0 | 0 |
Other commercial and industrial [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 6,396 | 7,793 |
Financing Receivable, Originated in Current Fiscal Year | 980 | 2,971 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 1,878 | 1,337 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 575 | 272 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 197 | 280 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 113 | 315 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 285 | 207 |
Financing Receivable, Revolving | 2,368 | 2,411 |
Other commercial and industrial [Member] | Pass [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 6,229 | 7,703 |
Financing Receivable, Originated in Current Fiscal Year | 961 | 2,968 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 1,804 | 1,272 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 513 | 262 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 194 | 277 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 112 | 312 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 284 | 206 |
Financing Receivable, Revolving | 2,361 | 2,406 |
Other commercial and industrial [Member] | Special Mention [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 81 | 47 |
Financing Receivable, Originated in Current Fiscal Year | 19 | 0 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 47 | 44 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 15 | 0 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Revolving | 0 | 3 |
Other commercial and industrial [Member] | Substandard [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 86 | 43 |
Financing Receivable, Originated in Current Fiscal Year | 0 | 3 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 27 | 21 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 47 | 10 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 3 | 3 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 1 | 3 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 1 | 1 |
Financing Receivable, Revolving | 7 | 2 |
Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 1,648 | 1,656 |
Financing Receivable, Originated in Current Fiscal Year | 62 | 338 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 349 | 373 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 365 | 181 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 172 | 158 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 147 | 216 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 518 | 350 |
Financing Receivable, Revolving | 35 | 40 |
Commercial Real Estate Owner Occupied [Member] | Pass [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 1,621 | 1,607 |
Financing Receivable, Originated in Current Fiscal Year | 57 | 338 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 349 | 359 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 359 | 174 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 169 | 157 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 142 | 211 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 510 | 339 |
Financing Receivable, Revolving | 35 | 29 |
Commercial Real Estate Owner Occupied [Member] | Special Mention [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 4 | 1 |
Financing Receivable, Originated in Current Fiscal Year | 2 | 0 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 1 | 0 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 1 | 1 |
Financing Receivable, Revolving | 0 | 0 |
Commercial Real Estate Owner Occupied [Member] | Substandard [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 23 | 48 |
Financing Receivable, Originated in Current Fiscal Year | 3 | 0 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 14 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 6 | 7 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 3 | 1 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 4 | 5 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 7 | 10 |
Financing Receivable, Revolving | 0 | 11 |
Hotel franchise finance [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 4,101 | 3,807 |
Financing Receivable, Originated in Current Fiscal Year | 466 | 1,780 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 1,760 | 746 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 723 | 80 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 121 | 645 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 617 | 335 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 296 | 103 |
Financing Receivable, Revolving | 118 | 118 |
Hotel franchise finance [Member] | Pass [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 3,782 | 3,581 |
Financing Receivable, Originated in Current Fiscal Year | 439 | 1,762 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 1,751 | 726 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 663 | 54 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 95 | 528 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 465 | 290 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 251 | 103 |
Financing Receivable, Revolving | 118 | 118 |
Hotel franchise finance [Member] | Special Mention [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 101 | 26 |
Financing Receivable, Originated in Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 40 | 26 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 40 | 0 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 21 | 0 |
Financing Receivable, Revolving | 0 | 0 |
Hotel franchise finance [Member] | Substandard [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 218 | 200 |
Financing Receivable, Originated in Current Fiscal Year | 27 | 18 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 9 | 20 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 20 | 0 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 26 | 117 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 112 | 45 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 24 | 0 |
Financing Receivable, Revolving | 0 | 0 |
Other Commercial Real Estate Non owner Occupied [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 5,792 | 5,457 |
Financing Receivable, Originated in Current Fiscal Year | 1,044 | 2,347 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 2,271 | 1,243 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 940 | 870 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 708 | 288 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 262 | 170 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 281 | 223 |
Financing Receivable, Revolving | 286 | 316 |
Other Commercial Real Estate Non owner Occupied [Member] | Pass [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 5,352 | 5,372 |
Financing Receivable, Originated in Current Fiscal Year | 1,028 | 2,344 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 2,121 | 1,201 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 772 | 870 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 670 | 264 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 219 | 160 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 277 | 218 |
Financing Receivable, Revolving | 265 | 315 |
Other Commercial Real Estate Non owner Occupied [Member] | Special Mention [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 306 | 54 |
Financing Receivable, Originated in Current Fiscal Year | 16 | 3 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 150 | 38 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 72 | 0 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 38 | 12 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 29 | 0 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Revolving | 1 | 1 |
Other Commercial Real Estate Non owner Occupied [Member] | Substandard [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 134 | 31 |
Financing Receivable, Originated in Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 4 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 96 | 0 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 12 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 14 | 10 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 4 | 5 |
Financing Receivable, Revolving | 20 | 0 |
Residential Real Estate [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 13,502 | 13,996 |
Financing Receivable, Originated in Current Fiscal Year | 177 | 4,047 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 3,705 | 8,483 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 8,239 | 878 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 850 | 311 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 287 | 151 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 217 | 90 |
Financing Receivable, Revolving | 27 | 36 |
Residential Real Estate [Member] | Pass [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 13,444 | 13,977 |
Financing Receivable, Originated in Current Fiscal Year | 177 | 4,041 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 3,687 | 8,474 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 8,207 | 878 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 847 | 308 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 284 | 150 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 215 | 90 |
Financing Receivable, Revolving | 27 | 36 |
Residential Real Estate [Member] | Special Mention [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 |
Financing Receivable, Originated in Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Revolving | 0 | 0 |
Residential Real Estate [Member] | Substandard [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 58 | 19 |
Financing Receivable, Originated in Current Fiscal Year | 0 | 6 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 18 | 9 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 32 | 0 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 3 | 3 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 3 | 1 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2 | 0 |
Financing Receivable, Revolving | 0 | 0 |
Residential - EBO | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 1,432 | 1,884 |
Financing Receivable, Originated in Current Fiscal Year | 0 | 3 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 9 | 268 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 248 | 712 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 591 | 454 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 291 | 191 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 293 | 256 |
Financing Receivable, Revolving | 0 | 0 |
Residential - EBO | Pass [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 1,432 | 1,884 |
Financing Receivable, Originated in Current Fiscal Year | 0 | 3 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 9 | 268 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 248 | 712 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 591 | 454 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 291 | 191 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 293 | 256 |
Financing Receivable, Revolving | 0 | 0 |
Residential - EBO | Special Mention [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 |
Financing Receivable, Originated in Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Revolving | 0 | 0 |
Residential - EBO | Substandard [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 |
Financing Receivable, Originated in Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Revolving | 0 | 0 |
Construction And Land Development Land [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 4,403 | 3,995 |
Financing Receivable, Originated in Current Fiscal Year | 736 | 1,533 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 1,859 | 815 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 530 | 371 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 250 | 18 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2 | 0 |
Financing Receivable, Revolving | 1,026 | 1,258 |
Construction And Land Development Land [Member] | Pass [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 4,258 | 3,893 |
Financing Receivable, Originated in Current Fiscal Year | 736 | 1,533 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 1,859 | 815 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 497 | 273 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 138 | 14 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2 | 0 |
Financing Receivable, Revolving | 1,026 | 1,258 |
Construction And Land Development Land [Member] | Special Mention [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 117 | 98 |
Financing Receivable, Originated in Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 5 | 98 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 112 | 0 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Revolving | 0 | 0 |
Construction And Land Development Land [Member] | Substandard [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 28 | 4 |
Financing Receivable, Originated in Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 28 | 0 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 4 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Revolving | 0 | 0 |
Construction And Land Development [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 4,403 | 3,995 |
Other, loan segment | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 162 | 179 |
Financing Receivable, Originated in Current Fiscal Year | 2 | 23 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 14 | 10 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 5 | 13 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 5 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 4 | 2 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 66 | 62 |
Financing Receivable, Revolving | 71 | 64 |
Other, loan segment | Pass [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 162 | 178 |
Financing Receivable, Originated in Current Fiscal Year | 2 | 23 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 14 | 10 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 5 | 13 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 5 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 4 | 2 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 66 | 61 |
Financing Receivable, Revolving | 71 | 64 |
Other, loan segment | Special Mention [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | 1 |
Financing Receivable, Originated in Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | 1 |
Financing Receivable, Revolving | 0 | 0 |
Other, loan segment | Substandard [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 |
Financing Receivable, Originated in Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Revolving | 0 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 274 | 283 |
Financial Asset, 30 to 59 Days Past Due [Member] | Warehouse lending [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Municipal and nonprofit [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Tech & Innovation [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 0 | 23 |
Financial Asset, 30 to 59 Days Past Due [Member] | Equity fund resources | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Other commercial and industrial [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 0 | 2 |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Hotel franchise finance [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Other Commercial Real Estate Non owner Occupied [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 0 | 3 |
Financial Asset, 30 to 59 Days Past Due [Member] | Residential Real Estate [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 94 | 37 |
Financial Asset, 30 to 59 Days Past Due [Member] | Residential - EBO | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 173 | 217 |
Financial Asset, 30 to 59 Days Past Due [Member] | Construction And Land Development [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 7 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Other, loan segment | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 0 | 1 |
Financial Asset, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 136 | 120 |
Financial Asset, 60 to 89 Days Past Due [Member] | Warehouse lending [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Municipal and nonprofit [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Tech & Innovation [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Equity fund resources | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Other commercial and industrial [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Hotel franchise finance [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Other Commercial Real Estate Non owner Occupied [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Residential Real Estate [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 20 | 4 |
Financial Asset, 60 to 89 Days Past Due [Member] | Residential - EBO | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 116 | 116 |
Financial Asset, 60 to 89 Days Past Due [Member] | Construction And Land Development [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Other, loan segment | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, 90 Days or More Past Due, Still Accruing | 481 | 582 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Warehouse lending [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Municipal and nonprofit [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Tech & Innovation [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Equity fund resources | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Other commercial and industrial [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Hotel franchise finance [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Other Commercial Real Estate Non owner Occupied [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Residential Real Estate [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Residential - EBO | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, 90 Days or More Past Due, Still Accruing | 481 | 582 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Construction And Land Development [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Other, loan segment | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Financial Asset, Not Past Due | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 46,984 | 50,877 |
Financial Asset, Not Past Due | Warehouse lending [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 5,549 | 5,561 |
Financial Asset, Not Past Due | Municipal and nonprofit [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 1,558 | 1,524 |
Financial Asset, Not Past Due | Tech & Innovation [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 2,401 | 2,270 |
Financial Asset, Not Past Due | Equity fund resources | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 931 | 3,717 |
Financial Asset, Not Past Due | Other commercial and industrial [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 6,396 | 7,791 |
Financial Asset, Not Past Due | Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 1,648 | 1,656 |
Financial Asset, Not Past Due | Hotel franchise finance [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 4,101 | 3,807 |
Financial Asset, Not Past Due | Other Commercial Real Estate Non owner Occupied [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 5,792 | 5,454 |
Financial Asset, Not Past Due | Residential Real Estate [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 13,388 | 13,955 |
Financial Asset, Not Past Due | Residential - EBO | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 662 | 969 |
Financial Asset, Not Past Due | Construction And Land Development [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 4,396 | 3,995 |
Financial Asset, Not Past Due | Other, loan segment | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 162 | 178 |
Financial Asset, Past Due | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 891 | 985 |
Financial Asset, Past Due | Warehouse lending [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Financial Asset, Past Due | Municipal and nonprofit [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Financial Asset, Past Due | Tech & Innovation [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 0 | 23 |
Financial Asset, Past Due | Equity fund resources | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Financial Asset, Past Due | Other commercial and industrial [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 0 | 2 |
Financial Asset, Past Due | Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Financial Asset, Past Due | Hotel franchise finance [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Financial Asset, Past Due | Other Commercial Real Estate Non owner Occupied [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 0 | 3 |
Financial Asset, Past Due | Residential Real Estate [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 114 | 41 |
Financial Asset, Past Due | Residential - EBO | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 770 | 915 |
Financial Asset, Past Due | Construction And Land Development [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 7 | 0 |
Financial Asset, Past Due | Other, loan segment | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | $ 0 | $ 1 |
Loans, Leases and Allowance f_4
Loans, Leases and Allowance for Credit Losses - Loans by Risk Rating (Detail) - USD ($) $ in Millions | 6 Months Ended | |
Jun. 30, 2023 | Dec. 31, 2022 | |
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | $ 4,239 | $ 15,460 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 13,131 | 15,098 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 12,461 | 3,997 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 3,457 | 2,319 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 1,863 | 1,427 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2,908 | 2,216 |
Financing Receivable, Revolving | 9,816 | 11,345 |
Loans and Leases Receivable, Net of Deferred Income | 47,875 | 51,862 |
Financing Receivable, Allowance for Credit Loss, Writeoff | 17 | |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 3 | |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 4 | |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 8 | |
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 2 | |
Pass [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 4,154 | 15,349 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 12,836 | 14,914 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 12,094 | 3,853 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 3,263 | 2,167 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 1,653 | 1,363 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2,830 | 2,191 |
Financing Receivable, Revolving | 9,771 | 11,308 |
Loans and Leases Receivable, Net of Deferred Income | 46,601 | 51,145 |
Special Mention [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 49 | 82 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 236 | 104 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 132 | 127 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 156 | 12 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 70 | 0 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 33 | 2 |
Financing Receivable, Revolving | 18 | 24 |
Loans and Leases Receivable, Net of Deferred Income | 694 | 351 |
Substandard [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 36 | 29 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 59 | 80 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 235 | 17 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 38 | 140 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 140 | 64 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 45 | 23 |
Financing Receivable, Revolving | 27 | 13 |
Loans and Leases Receivable, Net of Deferred Income | 580 | 366 |
Warehouse lending [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 387 | 440 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 248 | 41 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 320 | 152 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 293 | 0 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Revolving | 4,301 | 4,928 |
Loans and Leases Receivable, Net of Deferred Income | 5,549 | 5,561 |
Warehouse lending [Member] | Pass [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 387 | 397 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 248 | 41 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 320 | 152 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 293 | 0 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Revolving | 4,301 | 4,928 |
Loans and Leases Receivable, Net of Deferred Income | 5,549 | 5,518 |
Warehouse lending [Member] | Special Mention [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | 43 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Revolving | 0 | 0 |
Loans and Leases Receivable, Net of Deferred Income | 0 | 43 |
Warehouse lending [Member] | Substandard [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Revolving | 0 | 0 |
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 |
Municipal and nonprofit [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 25 | 107 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 138 | 185 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 187 | 187 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 186 | 78 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 77 | 43 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 945 | 924 |
Financing Receivable, Revolving | 0 | 0 |
Loans and Leases Receivable, Net of Deferred Income | 1,558 | 1,524 |
Municipal and nonprofit [Member] | Pass [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 25 | 107 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 131 | 185 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 187 | 187 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 186 | 78 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 71 | 43 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 927 | 917 |
Financing Receivable, Revolving | 0 | 0 |
Loans and Leases Receivable, Net of Deferred Income | 1,527 | 1,517 |
Municipal and nonprofit [Member] | Special Mention [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 7 | 0 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 11 | 0 |
Financing Receivable, Revolving | 0 | 0 |
Loans and Leases Receivable, Net of Deferred Income | 18 | 0 |
Municipal and nonprofit [Member] | Substandard [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 6 | 0 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 7 | 7 |
Financing Receivable, Revolving | 0 | 0 |
Loans and Leases Receivable, Net of Deferred Income | 13 | 7 |
Tech & Innovation [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 244 | 851 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 811 | 408 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 281 | 90 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 86 | 66 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 53 | 4 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 1 | 1 |
Financing Receivable, Revolving | 925 | 873 |
Loans and Leases Receivable, Net of Deferred Income | 2,401 | 2,293 |
Financing Receivable, Allowance for Credit Loss, Writeoff | 2 | |
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 2 | |
Tech & Innovation [Member] | Pass [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 226 | 813 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 774 | 374 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 275 | 87 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 77 | 66 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 53 | 4 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 1 | 1 |
Financing Receivable, Revolving | 908 | 853 |
Loans and Leases Receivable, Net of Deferred Income | 2,314 | 2,198 |
Tech & Innovation [Member] | Special Mention [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 12 | 36 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 32 | 22 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | 3 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 6 | 0 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Revolving | 17 | 20 |
Loans and Leases Receivable, Net of Deferred Income | 67 | 81 |
Tech & Innovation [Member] | Substandard [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 6 | 2 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 5 | 12 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 6 | 0 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 3 | 0 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Revolving | 0 | 0 |
Loans and Leases Receivable, Net of Deferred Income | 20 | 14 |
Equity fund resources | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 116 | 1,020 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 89 | 1,189 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 48 | 191 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 3 | 16 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 12 | 0 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 4 | 0 |
Financing Receivable, Revolving | 659 | 1,301 |
Loans and Leases Receivable, Net of Deferred Income | 931 | 3,717 |
Equity fund resources | Pass [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 116 | 1,020 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 89 | 1,189 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 48 | 191 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 3 | 16 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 12 | 0 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 4 | 0 |
Financing Receivable, Revolving | 659 | 1,301 |
Loans and Leases Receivable, Net of Deferred Income | 931 | 3,717 |
Equity fund resources | Special Mention [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Revolving | 0 | 0 |
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 |
Equity fund resources | Substandard [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Revolving | 0 | 0 |
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 |
Other commercial and industrial [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 980 | 2,971 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 1,878 | 1,337 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 575 | 272 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 197 | 280 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 113 | 315 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 285 | 207 |
Financing Receivable, Revolving | 2,368 | 2,411 |
Loans and Leases Receivable, Net of Deferred Income | 6,396 | 7,793 |
Financing Receivable, Allowance for Credit Loss, Writeoff | 13 | |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 3 | |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 4 | |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 6 | |
Other commercial and industrial [Member] | Pass [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 961 | 2,968 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 1,804 | 1,272 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 513 | 262 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 194 | 277 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 112 | 312 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 284 | 206 |
Financing Receivable, Revolving | 2,361 | 2,406 |
Loans and Leases Receivable, Net of Deferred Income | 6,229 | 7,703 |
Other commercial and industrial [Member] | Special Mention [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 19 | 0 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 47 | 44 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 15 | 0 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Revolving | 0 | 3 |
Loans and Leases Receivable, Net of Deferred Income | 81 | 47 |
Other commercial and industrial [Member] | Substandard [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | 3 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 27 | 21 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 47 | 10 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 3 | 3 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 1 | 3 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 1 | 1 |
Financing Receivable, Revolving | 7 | 2 |
Loans and Leases Receivable, Net of Deferred Income | 86 | 43 |
Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 62 | 338 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 349 | 373 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 365 | 181 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 172 | 158 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 147 | 216 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 518 | 350 |
Financing Receivable, Revolving | 35 | 40 |
Loans and Leases Receivable, Net of Deferred Income | 1,648 | 1,656 |
Commercial Real Estate Owner Occupied [Member] | Pass [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 57 | 338 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 349 | 359 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 359 | 174 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 169 | 157 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 142 | 211 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 510 | 339 |
Financing Receivable, Revolving | 35 | 29 |
Loans and Leases Receivable, Net of Deferred Income | 1,621 | 1,607 |
Commercial Real Estate Owner Occupied [Member] | Special Mention [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 2 | 0 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 1 | 0 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 1 | 1 |
Financing Receivable, Revolving | 0 | 0 |
Loans and Leases Receivable, Net of Deferred Income | 4 | 1 |
Commercial Real Estate Owner Occupied [Member] | Substandard [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 3 | 0 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 14 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 6 | 7 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 3 | 1 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 4 | 5 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 7 | 10 |
Financing Receivable, Revolving | 0 | 11 |
Loans and Leases Receivable, Net of Deferred Income | 23 | 48 |
Hotel franchise finance [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 466 | 1,780 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 1,760 | 746 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 723 | 80 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 121 | 645 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 617 | 335 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 296 | 103 |
Financing Receivable, Revolving | 118 | 118 |
Loans and Leases Receivable, Net of Deferred Income | 4,101 | 3,807 |
Hotel franchise finance [Member] | Pass [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 439 | 1,762 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 1,751 | 726 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 663 | 54 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 95 | 528 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 465 | 290 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 251 | 103 |
Financing Receivable, Revolving | 118 | 118 |
Loans and Leases Receivable, Net of Deferred Income | 3,782 | 3,581 |
Hotel franchise finance [Member] | Special Mention [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 40 | 26 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 40 | 0 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 21 | 0 |
Financing Receivable, Revolving | 0 | 0 |
Loans and Leases Receivable, Net of Deferred Income | 101 | 26 |
Hotel franchise finance [Member] | Substandard [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 27 | 18 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 9 | 20 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 20 | 0 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 26 | 117 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 112 | 45 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 24 | 0 |
Financing Receivable, Revolving | 0 | 0 |
Loans and Leases Receivable, Net of Deferred Income | 218 | 200 |
Other Commercial Real Estate Non owner Occupied [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 1,044 | 2,347 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 2,271 | 1,243 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 940 | 870 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 708 | 288 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 262 | 170 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 281 | 223 |
Financing Receivable, Revolving | 286 | 316 |
Loans and Leases Receivable, Net of Deferred Income | 5,792 | 5,457 |
Financing Receivable, Allowance for Credit Loss, Writeoff | 2 | |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 2 | |
Other Commercial Real Estate Non owner Occupied [Member] | Pass [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 1,028 | 2,344 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 2,121 | 1,201 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 772 | 870 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 670 | 264 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 219 | 160 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 277 | 218 |
Financing Receivable, Revolving | 265 | 315 |
Loans and Leases Receivable, Net of Deferred Income | 5,352 | 5,372 |
Other Commercial Real Estate Non owner Occupied [Member] | Special Mention [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 16 | 3 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 150 | 38 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 72 | 0 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 38 | 12 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 29 | 0 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Revolving | 1 | 1 |
Loans and Leases Receivable, Net of Deferred Income | 306 | 54 |
Other Commercial Real Estate Non owner Occupied [Member] | Substandard [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 4 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 96 | 0 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 12 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 14 | 10 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 4 | 5 |
Financing Receivable, Revolving | 20 | 0 |
Loans and Leases Receivable, Net of Deferred Income | 134 | 31 |
Residential Real Estate [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 177 | 4,047 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 3,705 | 8,483 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 8,239 | 878 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 850 | 311 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 287 | 151 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 217 | 90 |
Financing Receivable, Revolving | 27 | 36 |
Loans and Leases Receivable, Net of Deferred Income | 13,502 | 13,996 |
Residential Real Estate [Member] | Pass [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 177 | 4,041 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 3,687 | 8,474 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 8,207 | 878 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 847 | 308 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 284 | 150 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 215 | 90 |
Financing Receivable, Revolving | 27 | 36 |
Loans and Leases Receivable, Net of Deferred Income | 13,444 | 13,977 |
Residential Real Estate [Member] | Special Mention [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Revolving | 0 | 0 |
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 |
Residential Real Estate [Member] | Substandard [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | 6 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 18 | 9 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 32 | 0 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 3 | 3 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 3 | 1 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2 | 0 |
Financing Receivable, Revolving | 0 | 0 |
Loans and Leases Receivable, Net of Deferred Income | 58 | 19 |
Residential - EBO | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | 3 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 9 | 268 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 248 | 712 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 591 | 454 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 291 | 191 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 293 | 256 |
Financing Receivable, Revolving | 0 | 0 |
Loans and Leases Receivable, Net of Deferred Income | 1,432 | 1,884 |
Residential - EBO | Pass [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | 3 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 9 | 268 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 248 | 712 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 591 | 454 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 291 | 191 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 293 | 256 |
Financing Receivable, Revolving | 0 | 0 |
Loans and Leases Receivable, Net of Deferred Income | 1,432 | 1,884 |
Residential - EBO | Special Mention [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Revolving | 0 | 0 |
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 |
Residential - EBO | Substandard [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Revolving | 0 | 0 |
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 |
Construction And Land Development Land [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 736 | 1,533 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 1,859 | 815 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 530 | 371 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 250 | 18 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2 | 0 |
Financing Receivable, Revolving | 1,026 | 1,258 |
Loans and Leases Receivable, Net of Deferred Income | 4,403 | 3,995 |
Construction And Land Development Land [Member] | Pass [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 736 | 1,533 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 1,859 | 815 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 497 | 273 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 138 | 14 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2 | 0 |
Financing Receivable, Revolving | 1,026 | 1,258 |
Loans and Leases Receivable, Net of Deferred Income | 4,258 | 3,893 |
Construction And Land Development Land [Member] | Special Mention [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 5 | 98 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 112 | 0 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Revolving | 0 | 0 |
Loans and Leases Receivable, Net of Deferred Income | 117 | 98 |
Construction And Land Development Land [Member] | Substandard [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 28 | 0 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 4 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Revolving | 0 | 0 |
Loans and Leases Receivable, Net of Deferred Income | 28 | 4 |
Other, loan segment | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 2 | 23 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 14 | 10 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 5 | 13 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 5 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 4 | 2 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 66 | 62 |
Financing Receivable, Revolving | 71 | 64 |
Loans and Leases Receivable, Net of Deferred Income | 162 | 179 |
Other, loan segment | Pass [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 2 | 23 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 14 | 10 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 5 | 13 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 5 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 4 | 2 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 66 | 61 |
Financing Receivable, Revolving | 71 | 64 |
Loans and Leases Receivable, Net of Deferred Income | 162 | 178 |
Other, loan segment | Special Mention [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | 1 |
Financing Receivable, Revolving | 0 | 0 |
Loans and Leases Receivable, Net of Deferred Income | 0 | 1 |
Other, loan segment | Substandard [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | 0 |
Financing Receivable, Revolving | 0 | 0 |
Loans and Leases Receivable, Net of Deferred Income | $ 0 | $ 0 |
Loans, Leases and Allowance f_5
Loans, Leases and Allowance for Credit Losses Loans, Leases and Allowance for Credit Losses - Troubled Debt Restructurings (Details) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 USD ($) | Jun. 30, 2022 SecurityLoan | Jun. 30, 2023 USD ($) | Dec. 31, 2022 USD ($) SecurityLoan | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | SecurityLoan | 0 | |||
Financing Receivable, Troubled Debt Restructuring, Commitment to Lend | $ 0 | |||
Financing Receivable, Modifications, Number of Contracts | SecurityLoan | 1 | |||
Reserves allocated to customers whose loan terms modified in troubled debt restructurings | $ 4,000,000 | |||
Financing Receivable, Excluding Accrued Interest, Modified in Period, to Total Financing Receivables, Percentage | 0.10% | 0.20% | ||
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | $ 64,000,000 | $ 90,000,000 | ||
Financing Receivable, Troubled Debt Restructured Loans, Number of Outstanding Contracts | SecurityLoan | 7 | |||
Financing Receivable, Troubled Debt Restructuring | $ 14,000,000 | |||
Financing Receivable, Modified, Nonaccrual | 35,000,000 | 35,000,000 | ||
Financing Receivable, Modified, Accrual Status | 55,000,000 | 55,000,000 | ||
Extended Maturity | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | $ 64,000,000 | 82,000,000 | ||
Payment Deferral | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | $ 6,000,000 | |||
Tech & Innovation [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Financing Receivable, Excluding Accrued Interest, Modified in Period, to Total Financing Receivables, Percentage | 0.30% | |||
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | $ 7,000,000 | |||
Tech & Innovation [Member] | Payment Deferral | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | $ 5,000,000 | |||
Other commercial and industrial [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Financing Receivable, Excluding Accrued Interest, Modified in Period, to Total Financing Receivables, Percentage | 0.40% | 0.40% | ||
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | $ 27,000,000 | $ 27,000,000 | ||
Financing Receivable, Troubled Debt Restructured Loans, Number of Outstanding Contracts | SecurityLoan | 4 | |||
Financing Receivable, Troubled Debt Restructuring | $ 2,000,000 | |||
Other commercial and industrial [Member] | Extended Maturity | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | $ 27,000,000 | $ 27,000,000 | ||
Commercial Real Estate Owner Occupied [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Financing Receivable, Troubled Debt Restructured Loans, Number of Outstanding Contracts | SecurityLoan | 1 | |||
Financing Receivable, Troubled Debt Restructuring | $ 1,000,000 | |||
Hotel franchise finance [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Financing Receivable, Excluding Accrued Interest, Modified in Period, to Total Financing Receivables, Percentage | 0.20% | 0.70% | ||
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | $ 9,000,000 | $ 27,000,000 | ||
Financing Receivable, Troubled Debt Restructured Loans, Number of Outstanding Contracts | SecurityLoan | 1 | |||
Financing Receivable, Troubled Debt Restructuring | $ 10,000,000 | |||
Hotel franchise finance [Member] | Extended Maturity | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | $ 9,000,000 | $ 27,000,000 | ||
Other Commercial Real Estate Non owner Occupied [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Financing Receivable, Troubled Debt Restructured Loans, Number of Outstanding Contracts | SecurityLoan | 1 | |||
Financing Receivable, Troubled Debt Restructuring | $ 1,000,000 | |||
Residential Real Estate [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Financing Receivable, Excluding Accrued Interest, Modified in Period, to Total Financing Receivables, Percentage | 0% | |||
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | $ 1,000,000 | |||
Residential Real Estate [Member] | Payment Deferral | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | $ 1,000,000 | |||
Construction And Land Development Land [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Financing Receivable, Excluding Accrued Interest, Modified in Period, to Total Financing Receivables, Percentage | 0.60% | 0.60% | ||
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | $ 28,000,000 | $ 28,000,000 | ||
Construction And Land Development Land [Member] | Extended Maturity | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 28,000,000 | 28,000,000 | ||
Residential - EBO | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | $ 35,000,000 | $ 92,000,000 |
Loans, Leases and Allowance f_6
Loans, Leases and Allowance for Credit Losses Loans, Leases and Allowance for Credit Losses - Collateral Dependent Loans (Details) - USD ($) $ in Millions | Jun. 30, 2023 | Mar. 31, 2023 | Dec. 31, 2022 | Jun. 30, 2022 | Mar. 31, 2022 | Dec. 31, 2021 |
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Loans collectively evaluated for impairment | $ 47,362 | $ 51,526 | ||||
Financing Receivable, Individually Evaluated for Impairment | 513 | 336 | ||||
Loans and Leases Receivable, Net of Deferred Income | 47,875 | 51,862 | ||||
Loans collectively evaluated for impairment | 306.7 | 299 | ||||
Total loans individually evaluated for impairment | 14.4 | 10.7 | ||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 321.1 | $ 304.7 | 309.7 | $ 273.2 | $ 257.6 | $ 252.5 |
Asset Pledged as Collateral | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Loans and Leases Receivable, Net of Deferred Income | 377 | 302 | ||||
Real Estate Collateral [Member] | Asset Pledged as Collateral | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Loans and Leases Receivable, Net of Deferred Income | 353 | 259 | ||||
Other Collateral [Member] | Asset Pledged as Collateral | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Loans and Leases Receivable, Net of Deferred Income | 24 | 43 | ||||
Warehouse lending [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Loans collectively evaluated for impairment | 5,549 | 5,561 | ||||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 | ||||
Loans and Leases Receivable, Net of Deferred Income | 5,549 | 5,561 | ||||
Loans collectively evaluated for impairment | 5.2 | 8.4 | ||||
Total loans individually evaluated for impairment | 0 | 0 | ||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 5.2 | 6.6 | 8.4 | 3.7 | 2.9 | 3 |
Municipal and nonprofit [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Loans collectively evaluated for impairment | 1,545 | 1,517 | ||||
Financing Receivable, Individually Evaluated for Impairment | 13 | 7 | ||||
Loans and Leases Receivable, Net of Deferred Income | 1,558 | 1,524 | ||||
Loans collectively evaluated for impairment | 14 | 13.4 | ||||
Total loans individually evaluated for impairment | 2.5 | 2.5 | ||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 16.5 | 18.4 | 15.9 | 13.6 | 13.4 | 13.7 |
Municipal and nonprofit [Member] | Asset Pledged as Collateral | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Loans and Leases Receivable, Net of Deferred Income | 13 | 7 | ||||
Municipal and nonprofit [Member] | Real Estate Collateral [Member] | Asset Pledged as Collateral | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | ||||
Municipal and nonprofit [Member] | Other Collateral [Member] | Asset Pledged as Collateral | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Loans and Leases Receivable, Net of Deferred Income | 13 | 7 | ||||
Tech & Innovation [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Loans collectively evaluated for impairment | 2,383 | 2,280 | ||||
Financing Receivable, Individually Evaluated for Impairment | 18 | 13 | ||||
Loans and Leases Receivable, Net of Deferred Income | 2,401 | 2,293 | ||||
Loans collectively evaluated for impairment | 30.1 | 30.3 | ||||
Total loans individually evaluated for impairment | 3.5 | 0.5 | ||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 33.6 | 36.4 | 30.8 | 25.4 | 28 | 25.7 |
Tech & Innovation [Member] | Asset Pledged as Collateral | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Loans and Leases Receivable, Net of Deferred Income | 0 | 6 | ||||
Tech & Innovation [Member] | Real Estate Collateral [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | ||||
Tech & Innovation [Member] | Other Collateral [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Loans and Leases Receivable, Net of Deferred Income | 0 | 6 | ||||
Equity fund resources | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Loans collectively evaluated for impairment | 931 | 3,717 | ||||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 | ||||
Loans and Leases Receivable, Net of Deferred Income | 931 | 3,717 | ||||
Loans collectively evaluated for impairment | 1.7 | 6.4 | ||||
Total loans individually evaluated for impairment | 0 | 0 | ||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 1.7 | 3.3 | 6.4 | 14 | 6.6 | 9.6 |
Other commercial and industrial [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Loans collectively evaluated for impairment | 6,312 | 7,754 | ||||
Financing Receivable, Individually Evaluated for Impairment | 84 | 39 | ||||
Loans and Leases Receivable, Net of Deferred Income | 6,396 | 7,793 | ||||
Loans collectively evaluated for impairment | 46.3 | 80.4 | ||||
Total loans individually evaluated for impairment | 5.5 | 5.5 | ||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 51.8 | 51.1 | 85.9 | 119.2 | 115.7 | 103.6 |
Other commercial and industrial [Member] | Asset Pledged as Collateral | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Loans and Leases Receivable, Net of Deferred Income | 11 | 30 | ||||
Other commercial and industrial [Member] | Real Estate Collateral [Member] | Asset Pledged as Collateral | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | ||||
Other commercial and industrial [Member] | Other Collateral [Member] | Asset Pledged as Collateral | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Loans and Leases Receivable, Net of Deferred Income | 11 | 30 | ||||
Commercial Real Estate Owner Occupied [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Loans collectively evaluated for impairment | 1,628 | 1,612 | ||||
Financing Receivable, Individually Evaluated for Impairment | 20 | 44 | ||||
Loans and Leases Receivable, Net of Deferred Income | 1,648 | 1,656 | ||||
Loans collectively evaluated for impairment | 8 | 7.1 | ||||
Total loans individually evaluated for impairment | 0 | 0 | ||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 8 | 8.6 | 7.1 | 7.5 | 8.1 | 10.6 |
Commercial Real Estate Owner Occupied [Member] | Asset Pledged as Collateral | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Loans and Leases Receivable, Net of Deferred Income | 18 | 42 | ||||
Commercial Real Estate Owner Occupied [Member] | Real Estate Collateral [Member] | Asset Pledged as Collateral | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Loans and Leases Receivable, Net of Deferred Income | 18 | 42 | ||||
Commercial Real Estate Owner Occupied [Member] | Other Collateral [Member] | Asset Pledged as Collateral | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | ||||
Hotel franchise finance [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Loans collectively evaluated for impairment | 3,884 | 3,607 | ||||
Financing Receivable, Individually Evaluated for Impairment | 217 | 200 | ||||
Loans and Leases Receivable, Net of Deferred Income | 4,101 | 3,807 | ||||
Loans collectively evaluated for impairment | 45.7 | 44.7 | ||||
Total loans individually evaluated for impairment | 0 | 2.2 | ||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 45.7 | 47.7 | 46.9 | 33.8 | 30.6 | 41.5 |
Hotel franchise finance [Member] | Asset Pledged as Collateral | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Loans and Leases Receivable, Net of Deferred Income | 174 | 186 | ||||
Hotel franchise finance [Member] | Real Estate Collateral [Member] | Asset Pledged as Collateral | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Loans and Leases Receivable, Net of Deferred Income | 174 | 186 | ||||
Hotel franchise finance [Member] | Other Collateral [Member] | Asset Pledged as Collateral | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | ||||
Other Commercial Real Estate Non owner Occupied [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Loans collectively evaluated for impairment | 5,659 | 5,428 | ||||
Financing Receivable, Individually Evaluated for Impairment | 133 | 29 | ||||
Loans and Leases Receivable, Net of Deferred Income | 5,792 | 5,457 | ||||
Loans collectively evaluated for impairment | 87.2 | 47.4 | ||||
Total loans individually evaluated for impairment | 2.9 | 0 | ||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 90.1 | 66.4 | 47.4 | 22.1 | 15.3 | 16.9 |
Other Commercial Real Estate Non owner Occupied [Member] | Asset Pledged as Collateral | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Loans and Leases Receivable, Net of Deferred Income | 133 | 27 | ||||
Other Commercial Real Estate Non owner Occupied [Member] | Real Estate Collateral [Member] | Asset Pledged as Collateral | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Loans and Leases Receivable, Net of Deferred Income | 133 | 27 | ||||
Other Commercial Real Estate Non owner Occupied [Member] | Other Collateral [Member] | Asset Pledged as Collateral | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | ||||
Residential Real Estate [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Loans collectively evaluated for impairment | 13,502 | 13,996 | ||||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 | ||||
Loans and Leases Receivable, Net of Deferred Income | 13,502 | 13,996 | ||||
Loans collectively evaluated for impairment | 33.9 | 30.4 | ||||
Total loans individually evaluated for impairment | 0 | 0 | ||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 33.9 | 31.7 | 30.4 | 18.8 | 23.8 | 12.5 |
Residential - EBO | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Loans collectively evaluated for impairment | 1,432 | 1,884 | ||||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 | ||||
Loans and Leases Receivable, Net of Deferred Income | 1,432 | 1,884 | ||||
Loans collectively evaluated for impairment | 0 | 0 | ||||
Total loans individually evaluated for impairment | 0 | 0 | ||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 0 | 0 | 0 | |||
Construction And Land Development [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Loans collectively evaluated for impairment | 4,375 | 3,991 | ||||
Financing Receivable, Individually Evaluated for Impairment | 28 | 4 | ||||
Loans and Leases Receivable, Net of Deferred Income | 4,403 | 3,995 | ||||
Loans collectively evaluated for impairment | 31.7 | 27.4 | ||||
Total loans individually evaluated for impairment | 0 | 0 | ||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 31.7 | 31.5 | 27.4 | 12.2 | 10.7 | 12.5 |
Construction And Land Development [Member] | Asset Pledged as Collateral | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Loans and Leases Receivable, Net of Deferred Income | 28 | 4 | ||||
Construction And Land Development [Member] | Real Estate Collateral [Member] | Asset Pledged as Collateral | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Loans and Leases Receivable, Net of Deferred Income | 28 | 4 | ||||
Construction And Land Development [Member] | Other Collateral [Member] | Asset Pledged as Collateral | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | ||||
Other, loan segment | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Loans collectively evaluated for impairment | 162 | 179 | ||||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 | ||||
Loans and Leases Receivable, Net of Deferred Income | 162 | 179 | ||||
Loans collectively evaluated for impairment | 2.9 | 3.1 | ||||
Total loans individually evaluated for impairment | 0 | 0 | ||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | $ 2.9 | $ 3 | $ 3.1 | $ 2.9 | $ 2.5 | $ 2.9 |
Loans, Leases and Allowance f_7
Loans, Leases and Allowance for Credit Losses - Allowances for Credit Losses (Detail) Valuation - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||||||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Mar. 31, 2023 | Dec. 31, 2022 | Mar. 31, 2022 | Dec. 31, 2021 | |
Valuation Allowance [Line Items] | ||||||||
Provision for Loan and Lease Losses | $ 23.8 | $ 17 | $ 24.8 | $ 22.3 | ||||
Financing Receivable, Collectively Evaluated for Impairment | 47,362 | 47,362 | $ 51,526 | |||||
Financing Receivable, Individually Evaluated for Impairment | 513 | 513 | 336 | |||||
Loans and Leases Receivable, Net of Deferred Income | 47,875 | 47,875 | 51,862 | |||||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 306.7 | 306.7 | 299 | |||||
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | 14.4 | 14.4 | 10.7 | |||||
Off-Balance Sheet, Credit Loss, Liability | 41.1 | 53.8 | 41.1 | 53.8 | $ 44.8 | 47 | $ 43.3 | $ 37.6 |
Loans and Leases Receivable, Allowance | 321 | 321 | 310 | |||||
Interest Receivable | 296 | 296 | 304 | |||||
Off-Balance Sheet, Credit Loss, Liability, Change in Method, Credit Loss Expense (Reversal) | (3.7) | 10.5 | (5.9) | 16.2 | ||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 321.1 | 273.2 | 321.1 | 273.2 | 304.7 | 309.7 | 257.6 | 252.5 |
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 8.2 | 2.4 | 17.4 | 5 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Recovery | 0.8 | 1 | 4 | 3.4 | ||||
Warehouse lending [Member] | ||||||||
Valuation Allowance [Line Items] | ||||||||
Provision for Loan and Lease Losses | 1.4 | (0.8) | 3.2 | (0.7) | ||||
Financing Receivable, Collectively Evaluated for Impairment | 5,549 | 5,549 | 5,561 | |||||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 | 0 | |||||
Loans and Leases Receivable, Net of Deferred Income | 5,549 | 5,549 | 5,561 | |||||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 5.2 | 5.2 | 8.4 | |||||
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | 0 | 0 | 0 | |||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 5.2 | 3.7 | 5.2 | 3.7 | 6.6 | 8.4 | 2.9 | 3 |
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 0 | 0 | 0 | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Recovery | 0 | 0 | 0 | 0 | ||||
Municipal and nonprofit [Member] | ||||||||
Valuation Allowance [Line Items] | ||||||||
Provision for Loan and Lease Losses | (1.9) | (0.2) | 0.6 | 0.1 | ||||
Financing Receivable, Collectively Evaluated for Impairment | 1,545 | 1,545 | 1,517 | |||||
Financing Receivable, Individually Evaluated for Impairment | 13 | 13 | 7 | |||||
Loans and Leases Receivable, Net of Deferred Income | 1,558 | 1,558 | 1,524 | |||||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 14 | 14 | 13.4 | |||||
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | 2.5 | 2.5 | 2.5 | |||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 16.5 | 13.6 | 16.5 | 13.6 | 18.4 | 15.9 | 13.4 | 13.7 |
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 0 | 0 | 0 | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Recovery | 0 | 0 | 0 | 0 | ||||
Tech & Innovation [Member] | ||||||||
Valuation Allowance [Line Items] | ||||||||
Provision for Loan and Lease Losses | (2.8) | (2.6) | 4.6 | (2.3) | ||||
Financing Receivable, Collectively Evaluated for Impairment | 2,383 | 2,383 | 2,280 | |||||
Financing Receivable, Individually Evaluated for Impairment | 18 | 18 | 13 | |||||
Loans and Leases Receivable, Net of Deferred Income | 2,401 | 2,401 | 2,293 | |||||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 30.1 | 30.1 | 30.3 | |||||
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | 3.5 | 3.5 | 0.5 | |||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 33.6 | 25.4 | 33.6 | 25.4 | 36.4 | 30.8 | 28 | 25.7 |
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 0 | 0 | 1.8 | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Recovery | 0 | 0 | 0 | 2 | ||||
Equity fund resources | ||||||||
Valuation Allowance [Line Items] | ||||||||
Provision for Loan and Lease Losses | 1.6 | (7.4) | 4.7 | (4.4) | ||||
Financing Receivable, Collectively Evaluated for Impairment | 931 | 931 | 3,717 | |||||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 | 0 | |||||
Loans and Leases Receivable, Net of Deferred Income | 931 | 931 | 3,717 | |||||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 1.7 | 1.7 | 6.4 | |||||
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | 0 | 0 | 0 | |||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 1.7 | 14 | 1.7 | 14 | 3.3 | 6.4 | 6.6 | 9.6 |
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 0 | 0 | 0 | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Recovery | 0 | 0 | 0 | 0 | ||||
Other commercial and industrial [Member] | ||||||||
Valuation Allowance [Line Items] | ||||||||
Provision for Loan and Lease Losses | (5.9) | 5.1 | 24.8 | 19.4 | ||||
Financing Receivable, Collectively Evaluated for Impairment | 6,312 | 6,312 | 7,754 | |||||
Financing Receivable, Individually Evaluated for Impairment | 84 | 84 | 39 | |||||
Loans and Leases Receivable, Net of Deferred Income | 6,396 | 6,396 | 7,793 | |||||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 46.3 | 46.3 | 80.4 | |||||
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | 5.5 | 5.5 | 5.5 | |||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 51.8 | 119.2 | 51.8 | 119.2 | 51.1 | 85.9 | 115.7 | 103.6 |
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 6 | 2.3 | 13.3 | 4.9 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Recovery | 0.8 | 0.7 | 4 | 1.1 | ||||
Commercial Real Estate Owner Occupied [Member] | ||||||||
Valuation Allowance [Line Items] | ||||||||
Provision for Loan and Lease Losses | (0.6) | 0.7 | 0.9 | 3.2 | ||||
Financing Receivable, Collectively Evaluated for Impairment | 1,628 | 1,628 | 1,612 | |||||
Financing Receivable, Individually Evaluated for Impairment | 20 | 20 | 44 | |||||
Loans and Leases Receivable, Net of Deferred Income | 1,648 | 1,648 | 1,656 | |||||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 8 | 8 | 7.1 | |||||
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | 0 | 0 | 0 | |||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 8 | 7.5 | 8 | 7.5 | 8.6 | 7.1 | 8.1 | 10.6 |
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 0 | 0 | 0 | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Recovery | 0 | 0.1 | 0 | 0.1 | ||||
Hotel franchise finance [Member] | ||||||||
Valuation Allowance [Line Items] | ||||||||
Provision for Loan and Lease Losses | (2) | (3.2) | (1.2) | 7.7 | ||||
Financing Receivable, Collectively Evaluated for Impairment | 3,884 | 3,884 | 3,607 | |||||
Financing Receivable, Individually Evaluated for Impairment | 217 | 217 | 200 | |||||
Loans and Leases Receivable, Net of Deferred Income | 4,101 | 4,101 | 3,807 | |||||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 45.7 | 45.7 | 44.7 | |||||
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | 0 | 0 | 2.2 | |||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 45.7 | 33.8 | 45.7 | 33.8 | 47.7 | 46.9 | 30.6 | 41.5 |
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 0 | 0 | 0 | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Recovery | 0 | 0 | 0 | 0 | ||||
Other Commercial Real Estate Non owner Occupied [Member] | ||||||||
Valuation Allowance [Line Items] | ||||||||
Provision for Loan and Lease Losses | 25.9 | (6.8) | 44.9 | (5.2) | ||||
Financing Receivable, Collectively Evaluated for Impairment | 5,659 | 5,659 | 5,428 | |||||
Financing Receivable, Individually Evaluated for Impairment | 133 | 133 | 29 | |||||
Loans and Leases Receivable, Net of Deferred Income | 5,792 | 5,792 | 5,457 | |||||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 87.2 | 87.2 | 47.4 | |||||
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | 2.9 | 2.9 | 0 | |||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 90.1 | 22.1 | 90.1 | 22.1 | 66.4 | 47.4 | 15.3 | 16.9 |
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 2.2 | 0 | 2.2 | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Recovery | 0 | 0 | 0 | 0 | ||||
Residential Real Estate [Member] | ||||||||
Valuation Allowance [Line Items] | ||||||||
Provision for Loan and Lease Losses | 2.2 | (5) | 3.5 | 6.3 | ||||
Financing Receivable, Collectively Evaluated for Impairment | 13,502 | 13,502 | 13,996 | |||||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 | 0 | |||||
Loans and Leases Receivable, Net of Deferred Income | 13,502 | 13,502 | 13,996 | |||||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 33.9 | 33.9 | 30.4 | |||||
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | 0 | 0 | 0 | |||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 33.9 | 18.8 | 33.9 | 18.8 | 31.7 | 30.4 | 23.8 | 12.5 |
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 0 | 0 | 0 | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Recovery | 0 | 0 | 0 | 0 | ||||
Residential - EBO | ||||||||
Valuation Allowance [Line Items] | ||||||||
Provision for Loan and Lease Losses | 0 | 0 | ||||||
Financing Receivable, Collectively Evaluated for Impairment | 1,432 | 1,432 | 1,884 | |||||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 | 0 | |||||
Loans and Leases Receivable, Net of Deferred Income | 1,432 | 1,432 | 1,884 | |||||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 0 | 0 | 0 | |||||
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | 0 | 0 | 0 | |||||
Interest Receivable | (6) | (6) | 9 | |||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 0 | 0 | 0 | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 0 | 0 | ||||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Recovery | 0 | 0 | ||||||
Construction And Land Development [Member] | ||||||||
Valuation Allowance [Line Items] | ||||||||
Provision for Loan and Lease Losses | 0.2 | (1.5) | 4.3 | 0.3 | ||||
Financing Receivable, Collectively Evaluated for Impairment | 4,375 | 4,375 | 3,991 | |||||
Financing Receivable, Individually Evaluated for Impairment | 28 | 28 | 4 | |||||
Loans and Leases Receivable, Net of Deferred Income | 4,403 | 4,403 | 3,995 | |||||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 31.7 | 31.7 | 27.4 | |||||
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | 0 | 0 | 0 | |||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 31.7 | 12.2 | 31.7 | 12.2 | 31.5 | 27.4 | 10.7 | 12.5 |
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 0 | 0 | 0 | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Recovery | 0 | 0 | 0 | 0 | ||||
Other, loan segment | ||||||||
Valuation Allowance [Line Items] | ||||||||
Provision for Loan and Lease Losses | 0.1 | (0.3) | 0.1 | 0.1 | ||||
Financing Receivable, Collectively Evaluated for Impairment | 162 | 162 | 179 | |||||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 | 0 | |||||
Loans and Leases Receivable, Net of Deferred Income | 162 | 162 | 179 | |||||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 2.9 | 2.9 | 3.1 | |||||
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | 0 | 0 | 0 | |||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 2.9 | 2.9 | 2.9 | 2.9 | $ 3 | $ 3.1 | $ 2.5 | $ 2.9 |
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 0 | 0.1 | 0.1 | 0.1 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Recovery | $ 0 | $ 0.2 | $ 0 | $ 0.2 |
Loans, Leases and Allowance f_8
Loans, Leases and Allowance for Credit Losses Loans, Leases and Allowance for Credit Losses - Loan Purchases and Sales (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Loans and Leases Receivable Disclosure [Line Items] | ||||
Financing Receivable, Sale | $ 1,100 | |||
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | $ 64 | $ 90 | ||
Financing Receivable, Excluding Accrued Interest, Modified in Period, to Total Financing Receivables, Percentage | 0.10% | 0.20% | ||
Payment Deferral and Extended Maturity | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | $ 2 | |||
Extended Maturity | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | $ 64 | 82 | ||
Payment Deferral | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 6 | |||
Financing Receivable, Purchase | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Financing Receivable, Purchase | $ 511 | $ 3,100 | 1,000 | $ 5,500 |
Tech & Innovation [Member] | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Financing Receivable, Modified in Period, to Total Financing Receivables, Percentage | 0% | |||
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | $ 7 | |||
Financing Receivable, Excluding Accrued Interest, Modified in Period, to Total Financing Receivables, Percentage | 0.30% | |||
Tech & Innovation [Member] | Payment Deferral and Extended Maturity | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | $ 2 | |||
Tech & Innovation [Member] | Payment Deferral | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 5 | |||
Other commercial and industrial [Member] | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | $ 27 | $ 27 | ||
Financing Receivable, Excluding Accrued Interest, Modified in Period, to Total Financing Receivables, Percentage | 0.40% | 0.40% | ||
Other commercial and industrial [Member] | Extended Maturity | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | $ 27 | $ 27 | ||
Residential Real Estate [Member] | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | $ 1 | |||
Financing Receivable, Excluding Accrued Interest, Modified in Period, to Total Financing Receivables, Percentage | 0% | |||
Residential Real Estate [Member] | Payment Deferral | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | $ 1 | |||
Hotel franchise finance [Member] | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | $ 9 | $ 27 | ||
Financing Receivable, Excluding Accrued Interest, Modified in Period, to Total Financing Receivables, Percentage | 0.20% | 0.70% | ||
Hotel franchise finance [Member] | Extended Maturity | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | $ 9 | $ 27 | ||
Construction And Land Development Land [Member] | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | $ 28 | $ 28 | ||
Financing Receivable, Excluding Accrued Interest, Modified in Period, to Total Financing Receivables, Percentage | 0.60% | 0.60% | ||
Construction And Land Development Land [Member] | Extended Maturity | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | $ 28 | $ 28 |
MSR Portfolio (Details)
MSR Portfolio (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||||||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Mar. 31, 2023 | Dec. 31, 2022 | Mar. 31, 2022 | Dec. 31, 2021 | |
Servicing Assets at Fair Value [Line Items] | ||||||||
Servicing Asset at Fair Value, Amount | $ 1,007 | $ 826 | $ 1,007 | $ 826 | $ 910 | $ 1,148 | $ 950 | $ 698 |
Servicing Asset at Fair Value, Additions | 245 | 194 | 387.2 | 397.5 | ||||
Servicing Asset at Fair Value, Disposals | (149) | (350) | (499) | (350) | ||||
Servicing Asset at Fair Value, Changes in Fair Value Resulting from Changes in Valuation Inputs or Changes in Assumptions | 24 | 62 | 16 | 143 | ||||
Servicing Asset at Fair Value, Other Changes that Affect Balance | 1 | 0 | 4 | 0 | ||||
Servicing Asset at Fair Value, Other Changes in Fair Value | (24) | (30) | (49) | (63) | ||||
MSR UPB of underlying loans | 8,800 | 24,100 | 28,300 | 24,100 | ||||
Continuing Involvement with Transferred Financial Assets, Principal Amount Outstanding | 59,705 | 52,184 | 59,705 | 52,184 | ||||
Contractually Specified Servicing Fee, Late Fee, and Ancillary Fee Earned in Exchange for Servicing Financial Asset | 54 | 48.9 | 116.9 | 91.8 | ||||
MSR Loan Sales, Receivable | 74 | 74 | $ 39 | |||||
Mortgage servicing asset | ||||||||
Servicing Assets at Fair Value [Line Items] | ||||||||
Servicing Asset at Fair Value, Other Changes in Fair Value | 0 | |||||||
Contractually Specified Servicing Fee, Late Fee, and Ancillary Fee Earned in Exchange for Servicing Financial Asset | 0 | |||||||
Servicing Contracts | ||||||||
Servicing Assets at Fair Value [Line Items] | ||||||||
Servicing Asset at Fair Value, Disposals | $ (150) | $ (350) | $ (501) | $ (350) |
UPB in MSR Portfolio (Details)
UPB in MSR Portfolio (Details) - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 | Jun. 30, 2022 |
Servicing Assets at Fair Value [Line Items] | |||
Continuing Involvement with Transferred Financial Assets, Principal Amount Outstanding | $ 59,705 | $ 52,184 | |
Servicing advances, net | $ (77) | $ (102) |
Hypothetical Change in FV (Deta
Hypothetical Change in FV (Details) - USD ($) $ in Millions | Jun. 30, 2023 | Mar. 31, 2023 | Dec. 31, 2022 | Jun. 30, 2022 | Mar. 31, 2022 | Dec. 31, 2021 |
Servicing Assets at Fair Value [Line Items] | ||||||
Servicing Asset at Fair Value, Amount | $ 1,007 | $ 910 | $ 1,148 | $ 826 | $ 950 | $ 698 |
Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets, Impact of 50 basis point Adverse Interest Rate Change | (57) | |||||
Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets, Impact of 50 basis point Favorable Interest Rate Change | 53 | |||||
Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets, Impact of 50 basis point Discount Rate Increase | (19) | |||||
Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets, Impact of 50 basis point Discount Rate Decrease | 20 | |||||
Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets, Impact of 1 Percent Adverse Change in Prepayment Speed | (26) | |||||
Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets, Impact of 1 Percent Adverse Change in Prepayment Speed | 28 | |||||
Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets, Impact of 10 Percent Increase Cost of Service | (12) | |||||
Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets, Impact of 10 Percent Decrease Cost of Service | $ 12 |
Net Loan Servicing Revenue (Det
Net Loan Servicing Revenue (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | |
Servicing Assets at Fair Value [Line Items] | |||||
Contractually Specified Servicing Fee, Late Fee, and Ancillary Fee Earned in Exchange for Servicing Financial Asset | $ 54 | $ 48.9 | $ 116.9 | $ 91.8 | |
Servicing Asset at Fair Value, Other Changes in Fair Value | (24) | (30) | (49) | (63) | |
Unrealized Gain (Loss) on Derivatives | (37.2) | 49.8 | (15) | (31.4) | |
Expense Related to Distribution or Servicing and Underwriting Fees | 18.4 | $ 14.7 | 32.2 | $ 25.5 | |
Servicing advances, net | 77 | $ 77 | $ 102 | ||
Mortgage servicing asset | |||||
Servicing Assets at Fair Value [Line Items] | |||||
Servicing Asset at Fair Value, Additions | 0 | ||||
Contractually Specified Servicing Fee, Late Fee, and Ancillary Fee Earned in Exchange for Servicing Financial Asset | 0 | ||||
Servicing Asset at Fair Value, Other Changes in Fair Value | 0 | ||||
Cash Flows Between Transferor and Transferee, Servicing Fees | 0 | ||||
Gain (Loss) on Disposition of Assets for Financial Service Operations | 0 | ||||
Unrealized Gain (Loss) on Derivatives | 0 | ||||
Derivative Instruments Not Designated as Hedging Instruments, Loss | 0 | ||||
Expense Related to Distribution or Servicing and Underwriting Fees | 0 | ||||
Contractually Specified Servicing Fees, Amount | $ 0 |
Other Borrowings - Additional I
Other Borrowings - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 | Jun. 30, 2022 |
Debt [Line Items] | |||
FHLB advances | $ 4,900 | $ 4,300 | |
Warehouse Agreement Borrowings | 55 | 0 | |
Other Short-term Borrowings | 62 | 25 | |
Short-term Debt | 8,799 | 4,992 | |
Senior Notes | 314 | 315 | |
Notes Payable | 454 | 992 | |
Long-term Debt | 768 | 1,307 | |
Other borrowings | 9,567 | 6,299 | |
Customer repurchase agreements | 2,482 | 27 | |
Federal Funds Purchased | 0 | 640 | |
BTFP advances | |||
Debt [Line Items] | |||
Other Short-term Borrowings | 1,300 | 0 | |
Securities Repurchase Agreements | |||
Debt [Line Items] | |||
Customer repurchase agreements | 1,400 | 0 | |
Customer Repurchase Agreements | |||
Debt [Line Items] | |||
Customer repurchase agreements | 5 | 27 | |
Early Buyout Repurchase Agreements | |||
Debt [Line Items] | |||
Customer repurchase agreements | $ 1,100 | $ 0 | |
ATM Offering | |||
Debt [Line Items] | |||
Shares Issued, Price Per Share | $ 86.78 | ||
Grant year 2020 | Performance Shares [Member] | |||
Debt [Line Items] | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number | 157,784 | ||
Grant year 2019 | Performance Shares [Member] | |||
Debt [Line Items] | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number | 203,646 | ||
Senior Notes | |||
Debt [Line Items] | |||
Debt Instrument, Face Amount | $ 300 | ||
Debt Instrument, Interest Rate, Stated Percentage | 6.50% | ||
Credit Linked Notes Maturing July 2059 | |||
Debt [Line Items] | |||
Debt Instrument, Face Amount | $ 197 | $ 202 | |
Debt Issuance Costs, Net | 3 | 3 | |
Credit Linked Notes Maturing April 2052 | |||
Debt [Line Items] | |||
Debt Instrument, Face Amount | 184 | 189 | |
Debt Issuance Costs, Net | 3 | 3 | |
Credit Linked Notes Maturing June 2028 | |||
Debt [Line Items] | |||
Debt Instrument, Face Amount | 300 | ||
Debt Issuance Costs, Net | 4 | ||
Credit Linked Notes Maturing December 2024 | |||
Debt [Line Items] | |||
Debt Instrument, Face Amount | 242 | ||
Debt Issuance Costs, Net | 2 | ||
Credit Linked Notes Maturing October 2052 | |||
Debt [Line Items] | |||
Debt Instrument, Face Amount | 92 | 95 | |
Debt Issuance Costs, Net | 2 | 2 | |
Federal Home Loan Bank Advances [Member] | |||
Debt [Line Items] | |||
Additional available credit with the entity | 6,200 | 6,800 | |
FRB [Member] | |||
Debt [Line Items] | |||
Additional available credit with the entity | 16,000 | $ 5,200 | |
Federal Reserve Bank BTFP Advances | |||
Debt [Line Items] | |||
Additional available credit with the entity | 34 | ||
Warehouse Agreement Borrowings | |||
Debt [Line Items] | |||
Additional available credit with the entity | 2,800 | ||
Revolving Credit Facility | |||
Debt [Line Items] | |||
Secured borrowing credit line | $ 175 |
Qualifying Debt (Details)
Qualifying Debt (Details) $ / shares in Units, $ in Millions | 6 Months Ended | ||
Jun. 30, 2023 USD ($) Trust $ / shares | Jun. 30, 2022 $ / shares | Dec. 31, 2022 USD ($) | |
Debt Instrument [Line Items] | |||
Common Stock, Dividends, Per Share, Cash Paid | $ / shares | $ 0.36 | $ 0.35 | |
Number of Statutory Business Trusts Formed or Acquired | Trust | 8 | ||
Junior Subordinated Debenture Owed to Unconsolidated Subsidiary Trust | $ 71 | $ 76 | |
Subordinated Long-term Debt, Noncurrent | 817 | 817 | |
Subordinated Debt [Member] | Subordinated Debentures Maturing June 2030 [Member] [Member] | |||
Debt Instrument [Line Items] | |||
Debt Instrument, Face Amount | $ 225 | $ 225 | |
Debt Instrument, Interest Rate, Stated Percentage | 5.25% | 5.25% | |
Debt Issuance Costs, Net | $ 1 | $ 1 | |
Subordinated Debt [Member] | Subordinated Debentures Maturing June 2031 | |||
Debt Instrument [Line Items] | |||
Debt Instrument, Face Amount | $ 600 | $ 600 | |
Debt Instrument, Interest Rate, Stated Percentage | 3% | 3% | |
Debt Issuance Costs, Net | $ 7 | $ 7 | |
Junior Subordinated Debt [Member] | |||
Debt Instrument [Line Items] | |||
Long-term Debt, Weighted Average Interest Rate, at Point in Time | 7.88% | 7.11% |
Stockholders' Equity - Addition
Stockholders' Equity - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions | 3 Months Ended | 6 Months Ended | ||||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
Dividends, Common Stock, Cash | $ 39.4 | $ 37.9 | $ 78.8 | $ 75.2 | ||
Common Stock, Dividends, Per Share, Cash Paid | $ 0.36 | $ 0.35 | ||||
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation | 7,815 | 2,635 | 151,219 | 188,169 | ||
Treasury Stock Acquired, Average Cost Per Share | $ 31.96 | $ 77.50 | $ 72.49 | $ 93.29 | ||
Stock Issued During Period, Shares, New Issues | 1,300,000 | |||||
Stock Issued During Period, Value, New Issues | $ 107.7 | |||||
Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs | 0.7 | |||||
Proceeds from Issuance of Common Stock | $ 0 | $ 107.7 | ||||
Preferred Stock, Dividends, Per Share, Cash Paid | $ 0.27 | 0.27 | ||||
Preferred Stock, Shares Outstanding | 12,000,000 | 12,000,000 | 12,000,000 | |||
ATM Offering | ||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
Shares Issued, Price Per Share | $ 86.78 | $ 86.78 | ||||
Stock Issued During Period, Value, New Issues | $ 108.4 | |||||
Performance Shares [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
Share-based Payment Arrangement, Expense | $ 1.4 | $ 3.4 | $ 1.1 | 6.2 | ||
Restricted Stock [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
Shares Granted, Value, Share-based Payment Arrangement, before Forfeiture | 0.7 | 45.2 | ||||
Share-based Payment Arrangement, Expense | 9.1 | 7.6 | 17.6 | 14.7 | ||
Retained Earnings [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
Dividends, Common Stock, Cash | $ 39.4 | $ 37.9 | $ 78.8 | $ 75.2 | ||
Common Stock [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
Treasury Stock, Shares, Acquired | [1] | 0 | 0 | 100,000 | 200,000 | |
Stock Issued During Period, Shares, New Issues | 1,300,000 | |||||
Preferred Stock [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
Preferred Stock, Shares Outstanding | 12,000,000 | 12,000,000 | ||||
[1] The fair value of assets and liabilities measured at fair value on a recurring basis was determined using the following inputs: Fair Value Measurements at the End of the Reporting Period Using: Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Fair Value June 30, 2023 (in millions) Assets: Available-for-sale debt securities CLO $ — $ 2,144 $ — $ 2,144 Commercial MBS issued by GSEs — 60 — 60 Corporate debt securities — 338 — 338 Private label residential MBS — 1,141 — 1,141 Residential MBS issued by GSEs — 1,765 — 1,765 Tax-exempt — 830 — 830 U.S. Treasury securities 2,286 — — 2,286 Other 27 40 — 67 Total AFS debt securities $ 2,313 $ 6,318 $ — $ 8,631 Equity securities Common stock $ 2 $ — $ — $ 2 CRA investments 25 12 — 37 Preferred stock 95 5 — 100 Total equity securities $ 122 $ 17 $ — $ 139 Loans HFS (2) $ — $ 1,337 $ 3 $ 1,340 MSRs — — 1,007 1,007 Derivative assets (1) — 98 6 104 Liabilities: Junior subordinated debt (3) $ — $ — $ 57 $ 57 Derivative liabilities (1) — 37 4 41 (1) See "Note 11. Derivatives and Hedging Activities." In addition, the carrying value of loans is decreased by $52 million as of June 30, 2023 for the effective portion of the hedge, which relates to the fair value of the hedges put in place to mitigate against fluctuations in interest rates. Derivative assets and liabilities exclude margin of $85 million and $12 million, respectively. (2) Includes only the portion of loans HFS that is recorded at fair value at each reporting period pursuant to the election of FVO treatment. (3) Includes only the portion of junior subordinated debt that is recorded at fair value at each reporting period pursuant to the election of FVO treatment. Fair Value Measurements at the End of the Reporting Period Using: Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Fair Value December 31, 2022 (in millions) Assets: Available-for-sale debt securities CLO $ — $ 2,706 $ — $ 2,706 Commercial MBS issued by GSEs — 97 — 97 Corporate debt securities — 390 — 390 Private label residential MBS — 1,199 — 1,199 Residential MBS issued by GSEs — 1,740 — 1,740 Tax-exempt — 891 — 891 Other 24 45 — 69 Total AFS debt securities $ 24 $ 7,068 $ — $ 7,092 Equity securities Common stock $ 3 $ — $ — $ 3 CRA investments 24 25 — 49 Preferred stock 108 — — 108 Total equity securities $ 135 $ 25 $ — $ 160 Loans - HFS (2) $ — $ 1,172 $ 1 $ 1,173 Mortgage servicing rights — — 1,148 1,148 Derivative assets (1) — 42 5 47 Liabilities: Junior subordinated debt (3) $ — $ — $ 63 $ 63 Derivative liabilities (1) — 36 3 39 (1) See "Note 11. Derivatives and Hedging Activities." In addition, the carrying value of loans is decreased by $17 million as of December 31, 2022 for the effective portion of the hedge, which relates to the fair value of the hedges put in place to mitigate against fluctuations in interest rates. Derivative assets and liabilities exclude margin of $4 million and $1 million, respectively. (2) Includes only the portion of loans HFS that is recorded at fair value at each reporting period pursuant to the election of FVO treatment. (3) Includes only the portion of junior subordinated debt that is recorded at fair value at each reporting period pursuant to the election of FVO treatment. |
Stockholders' Equity Common Sto
Stockholders' Equity Common Stock Repurchase (Details) - USD ($) $ / shares in Units, $ in Millions | 6 Months Ended | |
Jun. 30, 2023 | Jun. 30, 2022 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs | $ 0.7 | |
Common Stock, Dividends, Per Share, Cash Paid | $ 0.36 | $ 0.35 |
Accumulated Other Comprehensi_3
Accumulated Other Comprehensive Income - Summary of Changes in Accumulated Other Comprehensive Income (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Beginning balance | $ (591,500) | $ (235,100) | $ (661,000) | $ (15,700) |
Other comprehensive income before reclassifications | 29,200 | 282,500 | (31,000) | 528,200 |
Amounts reclassified from accumulated other comprehensive income | (10,200) | 300 | (19,500) | 5,400 |
Net other comprehensive (loss) income | 19,000 | 282,800 | (50,500) | 533,600 |
Ending balance | (610,500) | (517,900) | (610,500) | (517,900) |
Unrealized holding gains (losses) on AFS | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Beginning balance | (594,300) | (236,300) | (663,700) | (16,700) |
Other comprehensive income before reclassifications | 34,200 | 284,500 | (25,900) | 532,400 |
Amounts reclassified from accumulated other comprehensive income | (10,200) | 300 | (19,500) | 5,400 |
Net other comprehensive (loss) income | 24,000 | 284,800 | (45,400) | 537,800 |
Ending balance | (618,300) | (521,100) | (618,300) | (521,100) |
Accumulated Gain (Loss), Financial Liability, Fair Value Option, Attributable to Parent [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Beginning balance | 1,900 | 1,500 | 3,000 | (700) |
Other comprehensive income before reclassifications | 5,000 | (2,000) | (3,900) | 4,200 |
Amounts reclassified from accumulated other comprehensive income | 0 | 0 | 0 | 0 |
Net other comprehensive (loss) income | 5,000 | (2,000) | (3,900) | 4,200 |
Ending balance | 6,900 | 3,500 | 6,900 | 3,500 |
Impairment loss on securities | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Beginning balance | 1,200 | 0 | 0 | 0 |
Other comprehensive income before reclassifications | 0 | 0 | (1,200) | 0 |
Amounts reclassified from accumulated other comprehensive income | 0 | 0 | 0 | 0 |
Net other comprehensive (loss) income | 0 | 0 | (1,200) | 0 |
Ending balance | 1,200 | 0 | 1,200 | 0 |
Supplemental Employee Retirement Plan [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Beginning balance | 300 | (300) | 300 | (300) |
Other comprehensive income before reclassifications | 0 | 0 | 0 | 0 |
Amounts reclassified from accumulated other comprehensive income | 0 | 0 | 0 | 0 |
Net other comprehensive (loss) income | 0 | 0 | 0 | 0 |
Ending balance | $ 300 | $ (300) | $ 300 | $ (300) |
Accumulated Other Comprehensi_4
Accumulated Other Comprehensive Income - Schedule of Reclassifications Out of Accumulated Other Comprehensive Income (Detail) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Amount reclassified from accumulated other comprehensive income | $ (3.4) | $ (0.1) | $ (6.6) | $ 1.9 |
Amount reclassified from accumulated other comprehensive income | $ (10.2) | $ 0.3 | $ (19.5) | $ 5.4 |
Derivatives and Hedging Fair Va
Derivatives and Hedging Fair Value of Derivative Contracts (Detail) - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 | Jun. 30, 2022 |
Derivatives, Fair Value [Line Items] | |||
Derivative Asset, Fair Value | $ 182 | $ 36 | $ 60 |
Derivative Liability, Fair Value | (34) | (21) | (79) |
Derivative Asset, Not Subject to Master Netting Arrangement | 7 | 15 | 19 |
Derivative Liability, Not Subject to Master Netting Arrangement | (19) | (19) | (4) |
Derivative Asset, Fair Value, Offset Against Collateral, Net of Not Subject to Master Netting Arrangement, Policy Election | 161 | 34 | 24 |
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement | 189 | 51 | 79 |
Derivative Liability, Collateral, Right to Reclaim Cash, Offset | (12) | 1 | 24 |
Derivative Liability, Subject to Master Netting Arrangement, Asset Offset | 28 | 17 | 55 |
Derivative Liability, Fair Value, Offset Against Collateral, Net of Not Subject to Master Netting Arrangement, Policy Election | 25 | 23 | 28 |
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement | 53 | 40 | 83 |
Derivative Asset, Collateral, Obligation to Return Cash, Offset | 85 | (4) | 9 |
Derivative Asset, Subject to Master Netting Arrangement, Liability Offset | (28) | (17) | (55) |
Derivative Asset, Subject to Master Netting Arrangement, after Offset | 154 | 19 | 5 |
Derivative Liability, Subject to Master Netting Arrangement, after Offset | 6 | 4 | 24 |
Interest Rate Swap [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Derivative Asset, Fair Value | 70 | 18 | 5 |
Derivative Liability, Fair Value | (4) | 0 | (11) |
Derivative Asset, Not Subject to Master Netting Arrangement | 0 | 6 | 0 |
Derivative Liability, Not Subject to Master Netting Arrangement | (14) | (6) | 0 |
Derivative Netting Adjustments, Liabilities | 0 | 0 | 0 |
Derivative Netting Adjustments, Assets | 0 | 0 | 0 |
Derivative Asset, Subject to Master Netting Arrangement, after Offset | 70 | 18 | 5 |
Derivative Liability, Subject to Master Netting Arrangement, after Offset | 4 | 0 | 11 |
Foreign Exchange Contract [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Derivative Asset, Not Subject to Master Netting Arrangement | 1 | 1 | 1 |
Derivative Liability, Not Subject to Master Netting Arrangement | (1) | (9) | 0 |
Interest Rate Lock Commitments | |||
Derivatives, Fair Value [Line Items] | |||
Derivative Asset, Not Subject to Master Netting Arrangement | 6 | 5 | 15 |
Derivative Liability, Not Subject to Master Netting Arrangement | (4) | (3) | (3) |
Forward purchase contracts | |||
Derivatives, Fair Value [Line Items] | |||
Derivative Asset, Fair Value | 1 | 1 | 31 |
Derivative Liability, Fair Value | (16) | (12) | (10) |
Derivative Asset, Not Subject to Master Netting Arrangement | 0 | 0 | 1 |
Derivative Liability, Not Subject to Master Netting Arrangement | 0 | (1) | 0 |
Derivative Netting Adjustments, Liabilities | 0 | 0 | 0 |
Derivative Netting Adjustments, Assets | 0 | 0 | 0 |
Derivative Asset, Subject to Master Netting Arrangement, after Offset | 1 | 1 | 31 |
Derivative Liability, Subject to Master Netting Arrangement, after Offset | 16 | 12 | 10 |
Forward sales contracts | |||
Derivatives, Fair Value [Line Items] | |||
Derivative Asset, Fair Value | 26 | 13 | 33 |
Derivative Liability, Fair Value | (2) | (8) | (34) |
Derivative Asset, Not Subject to Master Netting Arrangement | 0 | 3 | 2 |
Derivative Liability, Not Subject to Master Netting Arrangement | 0 | 0 | (1) |
Derivative Netting Adjustments, Liabilities | 0 | 0 | 0 |
Derivative Netting Adjustments, Assets | 0 | 0 | 0 |
Derivative Asset, Subject to Master Netting Arrangement, after Offset | 26 | 13 | 33 |
Derivative Liability, Subject to Master Netting Arrangement, after Offset | 2 | 8 | 34 |
Not Designated as Hedging Instrument [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Derivative, Notional Amount | 29,043 | 19,695 | 24,178 |
Derivative Instruments Not Designated as Hedging Instruments, Liability, at Fair Value | 37 | 39 | 48 |
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value | 48 | 29 | 83 |
Not Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Derivative, Notional Amount | 2,424 | 1,538 | 64 |
Derivative Instruments Not Designated as Hedging Instruments, Liability, at Fair Value | 14 | 6 | 0 |
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value | 14 | 6 | 0 |
Not Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Derivative, Notional Amount | 71 | 250 | 138 |
Derivative Instruments Not Designated as Hedging Instruments, Liability, at Fair Value | 1 | 9 | 0 |
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value | 1 | 1 | 1 |
Not Designated as Hedging Instrument [Member] | Interest Rate Lock Commitments | |||
Derivatives, Fair Value [Line Items] | |||
Derivative, Notional Amount | 2,331 | 1,459 | 2,819 |
Derivative Instruments Not Designated as Hedging Instruments, Liability, at Fair Value | 4 | 3 | 3 |
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value | 6 | 5 | 15 |
Not Designated as Hedging Instrument [Member] | Forward purchase contracts | |||
Derivatives, Fair Value [Line Items] | |||
Derivative, Notional Amount | 4,484 | 2,709 | 4,764 |
Derivative Instruments Not Designated as Hedging Instruments, Liability, at Fair Value | 16 | 13 | 10 |
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value | 1 | 1 | 32 |
Not Designated as Hedging Instrument [Member] | Forward sales contracts | |||
Derivatives, Fair Value [Line Items] | |||
Derivative, Notional Amount | 7,279 | 4,985 | 9,621 |
Derivative Instruments Not Designated as Hedging Instruments, Liability, at Fair Value | 2 | 8 | 35 |
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value | 26 | 16 | 35 |
Not Designated as Hedging Instrument [Member] | Futures purchase contracts | |||
Derivatives, Fair Value [Line Items] | |||
Derivative, Notional Amount | 200 | 0 | 700 |
Derivative Instruments Not Designated as Hedging Instruments, Liability, at Fair Value | 0 | 0 | 0 |
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value | 0 | 0 | 0 |
Not Designated as Hedging Instrument [Member] | Futures sales contracts | |||
Derivatives, Fair Value [Line Items] | |||
Derivative, Notional Amount | 12,210 | 8,706 | 6,072 |
Derivative Instruments Not Designated as Hedging Instruments, Liability, at Fair Value | 0 | 0 | 0 |
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value | 0 | 0 | 0 |
Not Designated as Hedging Instrument [Member] | Risk participation agreements | |||
Derivatives, Fair Value [Line Items] | |||
Derivative, Notional Amount | 44 | 48 | 0 |
Derivative Instruments Not Designated as Hedging Instruments, Liability, at Fair Value | 0 | 0 | 0 |
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value | 0 | 0 | 0 |
Designated as Hedging Instrument [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Derivative Asset, Fair Value | 56 | 18 | 5 |
Derivative Liability, Fair Value | (4) | 0 | (11) |
Derivative, Notional Amount | 4,033 | 476 | 500 |
Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Derivative, Notional Amount | 4,033 | 476 | 500 |
Derivative Instruments in Hedges, Assets, at Fair Value | 56 | 18 | 5 |
Fair Value Hedge Liabilities | $ 4 | $ 0 | $ 11 |
Derivatives and Hedging Pre-Tax
Derivatives and Hedging Pre-Tax Net Gains (Losses) on Fair Value Hedges (Detail) - Interest Income - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments | $ 39 | $ 15.2 | $ 34.7 | $ 48.7 |
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge | $ (39) | $ (15.2) | $ (34.7) | $ (48.7) |
Derivatives and Hedging Additio
Derivatives and Hedging Additional Information (Detail) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | ||
Derivative [Line Items] | ||||||
Hedged Asset, Fair Value Hedge | $ 3,934 | $ 3,934 | $ 447 | |||
Fair Value Hedge Assets, Loans | [1] | 52 | 52 | 17 | ||
Derivative Liability, Fair Value | 34 | $ 79 | 34 | $ 79 | 21 | |
Derivative, Gain (Loss) on Derivative, Net | 42.1 | 118.1 | 17.5 | 334.9 | ||
Net gain on loan origination and sale activities | ||||||
Derivative [Line Items] | ||||||
Derivative, Gain (Loss) on Derivative, Net | 42.1 | 118.1 | 17.6 | 334.9 | ||
Loan servicing fees, net | ||||||
Derivative [Line Items] | ||||||
Derivative, Gain (Loss) on Derivative, Net | (31) | (29.9) | (17.6) | (86.8) | ||
Interest Rate Lock Commitments | Net gain on loan origination and sale activities | ||||||
Derivative [Line Items] | ||||||
Derivative, Gain (Loss) on Derivative, Net | (11.1) | 23.2 | 0.3 | 2.4 | ||
Forward Contracts | Net gain on loan origination and sale activities | ||||||
Derivative [Line Items] | ||||||
Derivative, Gain (Loss) on Derivative, Net | 55.6 | 101 | 18.8 | 342.3 | ||
Forward Contracts | Loan servicing fees, net | ||||||
Derivative [Line Items] | ||||||
Derivative, Gain (Loss) on Derivative, Net | (13.2) | (8) | (14.7) | (42.9) | ||
Future | Loan servicing fees, net | ||||||
Derivative [Line Items] | ||||||
Derivative, Gain (Loss) on Derivative, Net | 18.7 | (21.9) | 14.7 | (43.9) | ||
Other Contract | Net gain on loan origination and sale activities | ||||||
Derivative [Line Items] | ||||||
Derivative, Gain (Loss) on Derivative, Net | 2.2 | (6.1) | 1.8 | (9.8) | ||
Interest Rate Swap [Member] | ||||||
Derivative [Line Items] | ||||||
Derivative Liability, Fair Value | 4 | 11 | 4 | 11 | 0 | |
Interest Rate Swap [Member] | Net gain on loan origination and sale activities | ||||||
Derivative [Line Items] | ||||||
Derivative, Gain (Loss) on Derivative, Net | (4.6) | 0 | (3.3) | 0 | ||
Interest Rate Swap [Member] | Loan servicing fees, net | ||||||
Derivative [Line Items] | ||||||
Derivative, Gain (Loss) on Derivative, Net | (36.5) | 0 | (17.6) | 0 | ||
Designated as Hedging Instrument [Member] | ||||||
Derivative [Line Items] | ||||||
Derivative Liability, Fair Value | $ 4 | $ 11 | $ 4 | $ 11 | $ 0 | |
[1]Included in the carrying value of the hedged assets/(liabilities). (2) As of June 30, 2023, included portfolio layer method derivative instruments with $3.5 billion designated as the hedged amount (from a closed portfolio of prepayable fixed rate loans with a carrying value of $6.8 billion). The cumulative basis adjustment included in the carrying value of these hedged items totaled $29 million. |
Earnings per Share (Details)
Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Earnings Per Share [Abstract] | ||||
Basic | 108,300 | 107,300 | 108,200 | 106,700 |
Weighted Average Number Diluted Shares Outstanding Adjustment | 0 | 400 | 100 | 400 |
Diluted | 108,300 | 107,700 | 108,300 | 107,100 |
Net income available to common shareholders | $ 212,500 | $ 257,000 | $ 351,500 | $ 493,900 |
Earnings (loss) per share - basic | $ 1.96 | $ 2.40 | $ 3.25 | $ 4.63 |
Earnings (loss) per share - diluted | $ 1.96 | $ 2.39 | $ 3.24 | $ 4.61 |
Restricted Stock [Member] | ||||
Earnings Per Share [Abstract] | ||||
Anti-dilutive stock options outstanding that were not included in computation of diluted earnings per common share | 400 | 200 | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||
Anti-dilutive stock options outstanding that were not included in computation of diluted earnings per common share | 400 | 200 |
Income Taxes Additional Informa
Income Taxes Additional Information (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | |
Operating Loss Carryforwards [Line Items] | |||||
Effective Income Tax Rate Reconciliation, Percent | 17.10% | 19.60% | 19.50% | 19.50% | |
Deferred Income Tax Assets, Net | $ 315,000 | $ 315,000 | $ 311,000 | ||
Investments in LIHTC and renewable energy | 596,000 | 596,000 | 624,000 | ||
Investment-related Liabilities | 338,000 | 338,000 | 398,000 | ||
Amortization of tax credit investments | 27,700 | $ 15,400 | 39,000 | $ 28,800 | |
Deferred Tax Assets, Valuation Allowance | $ 0 | $ 0 | $ 0 |
Commitments and Contingencies -
Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Millions | 6 Months Ended | 12 Months Ended | ||||
Jun. 30, 2023 | Dec. 31, 2022 | Mar. 31, 2023 | Jun. 30, 2022 | Mar. 31, 2022 | Dec. 31, 2021 | |
Loss Contingencies [Line Items] | ||||||
Letters of credit expiration period | 1 year | |||||
Off-Balance Sheet, Credit Loss, Liability | $ 41.1 | $ 47 | $ 44.8 | $ 53.8 | $ 43.3 | $ 37.6 |
Commercial Real Estate Portfolio Segment [Member] | Loans Receivable [Member] | Credit Concentration Risk [Member] | ||||||
Loss Contingencies [Line Items] | ||||||
Percent of commercial real estate related loans | 21% | 18% | ||||
Commercial and Industrial Sector [Member] | Loans Receivable [Member] | Credit Concentration Risk [Member] | ||||||
Loss Contingencies [Line Items] | ||||||
Percent of commercial real estate related loans | 35% | 40% | ||||
Unfunded Loan Commitment [Member] | ||||||
Loss Contingencies [Line Items] | ||||||
Loss Contingency Accrual | $ 41 | $ 47 |
Commitments and Contingencies_2
Commitments and Contingencies - Summary of Contractual Amounts for Unfunded Commitments and Letters of Credit (Detail) - USD ($) $ in Millions | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
Other Commitments [Line Items] | ||
Total amount | $ 15,964 | $ 19,318 |
Commitments to extend credit [Member] | ||
Other Commitments [Line Items] | ||
Unsecured Loan Commitments | 1,168 | 1,209 |
Total amount | 15,319 | 18,674 |
Credit card guarantees [Member] | ||
Other Commitments [Line Items] | ||
Total amount | 405 | 379 |
Standby letters of credit [Member] | ||
Other Commitments [Line Items] | ||
Total amount | 240 | 265 |
Unsecured Letters Of Credit | $ 6 | $ 7 |
Commercial Real Estate Portfolio Segment [Member] | Credit Concentration Risk [Member] | Loans Receivable [Member] | ||
Other Commitments [Line Items] | ||
Concentration Risk, Percentage | 21% | 18% |
Construction And Land Development Land [Member] | Credit Concentration Risk [Member] | Loans Receivable [Member] | ||
Other Commitments [Line Items] | ||
Concentration Risk, Percentage | 9% | 8% |
Commitments and Contingencies L
Commitments and Contingencies Lease Commitments (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Commitments and Contingencies Disclosure [Abstract] | ||||
Lease, Cost | $ 7.1 | $ 6.2 | $ 14.5 | $ 12.1 |
Lessee, operating lease, other cost | 1.2 | 1 | 2.5 | 2.1 |
Other Commitments [Line Items] | ||||
Lease, Cost | 7.1 | 6.2 | 14.5 | 12.1 |
Lessee, operating lease, other cost | $ 1.2 | $ 1 | $ 2.5 | $ 2.1 |
Fair Value Accounting - Gains a
Fair Value Accounting - Gains and Losses from Fair Value Changes Included in Consolidated Statement of Operations (Detail) $ in Millions | 3 Months Ended | 6 Months Ended | ||||||
Jun. 30, 2023 USD ($) | Jun. 30, 2022 USD ($) | Jun. 30, 2023 USD ($) | Jun. 30, 2022 USD ($) | Dec. 31, 2022 USD ($) | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Subordinated Debt Obligations, Fair Value Disclosure | $ 57 | [1] | $ 57 | [1] | $ 63 | |||
Other Comprehensive Income (Loss), Financial Liability, Fair Value Option, Unrealized Gain (Loss) Arising During Period, after Tax | $ (5) | $ 2 | $ 3.9 | $ 4.2 | ||||
Junior Subordinated Debt [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Debt Instrument, Measurement Input | 0.1013 | 0.1013 | 0.0813 | |||||
Fair Value, Liability, Recurring Basis, Still Held, Unrealized Gain (Loss) | $ 6.7 | 2.7 | $ 5.2 | 5.6 | ||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Other Comprehensive Income (Loss) | [2] | $ 6.7 | $ (2.7) | $ 5.2 | $ (5.6) | |||
Period of basis point spread | 4.58% | 3.36% | ||||||
Percentage of LIBOR | 5.55% | 4.77% | ||||||
[1] The fair value of assets and liabilities measured at fair value on a recurring basis was determined using the following inputs: Fair Value Measurements at the End of the Reporting Period Using: Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Fair Value June 30, 2023 (in millions) Assets: Available-for-sale debt securities CLO $ — $ 2,144 $ — $ 2,144 Commercial MBS issued by GSEs — 60 — 60 Corporate debt securities — 338 — 338 Private label residential MBS — 1,141 — 1,141 Residential MBS issued by GSEs — 1,765 — 1,765 Tax-exempt — 830 — 830 U.S. Treasury securities 2,286 — — 2,286 Other 27 40 — 67 Total AFS debt securities $ 2,313 $ 6,318 $ — $ 8,631 Equity securities Common stock $ 2 $ — $ — $ 2 CRA investments 25 12 — 37 Preferred stock 95 5 — 100 Total equity securities $ 122 $ 17 $ — $ 139 Loans HFS (2) $ — $ 1,337 $ 3 $ 1,340 MSRs — — 1,007 1,007 Derivative assets (1) — 98 6 104 Liabilities: Junior subordinated debt (3) $ — $ — $ 57 $ 57 Derivative liabilities (1) — 37 4 41 (1) See "Note 11. Derivatives and Hedging Activities." In addition, the carrying value of loans is decreased by $52 million as of June 30, 2023 for the effective portion of the hedge, which relates to the fair value of the hedges put in place to mitigate against fluctuations in interest rates. Derivative assets and liabilities exclude margin of $85 million and $12 million, respectively. (2) Includes only the portion of loans HFS that is recorded at fair value at each reporting period pursuant to the election of FVO treatment. (3) Includes only the portion of junior subordinated debt that is recorded at fair value at each reporting period pursuant to the election of FVO treatment. Fair Value Measurements at the End of the Reporting Period Using: Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Fair Value December 31, 2022 (in millions) Assets: Available-for-sale debt securities CLO $ — $ 2,706 $ — $ 2,706 Commercial MBS issued by GSEs — 97 — 97 Corporate debt securities — 390 — 390 Private label residential MBS — 1,199 — 1,199 Residential MBS issued by GSEs — 1,740 — 1,740 Tax-exempt — 891 — 891 Other 24 45 — 69 Total AFS debt securities $ 24 $ 7,068 $ — $ 7,092 Equity securities Common stock $ 3 $ — $ — $ 3 CRA investments 24 25 — 49 Preferred stock 108 — — 108 Total equity securities $ 135 $ 25 $ — $ 160 Loans - HFS (2) $ — $ 1,172 $ 1 $ 1,173 Mortgage servicing rights — — 1,148 1,148 Derivative assets (1) — 42 5 47 Liabilities: Junior subordinated debt (3) $ — $ — $ 63 $ 63 Derivative liabilities (1) — 36 3 39 (1) See "Note 11. Derivatives and Hedging Activities." In addition, the carrying value of loans is decreased by $17 million as of December 31, 2022 for the effective portion of the hedge, which relates to the fair value of the hedges put in place to mitigate against fluctuations in interest rates. Derivative assets and liabilities exclude margin of $4 million and $1 million, respectively. (2) Includes only the portion of loans HFS that is recorded at fair value at each reporting period pursuant to the election of FVO treatment. (3) Includes only the portion of junior subordinated debt that is recorded at fair value at each reporting period pursuant to the election of FVO treatment. |
Fair Value Accounting - Fair Va
Fair Value Accounting - Fair Value of Assets and Liabilities (Detail) $ in Millions | 3 Months Ended | 6 Months Ended | ||||||||||
Jun. 30, 2023 USD ($) percent | Jun. 30, 2022 USD ($) | Jun. 30, 2023 USD ($) percent | Jun. 30, 2022 USD ($) | Mar. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) percent | Mar. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||||
Investment securities - equity | $ 139 | [1] | $ 139 | [1] | $ 160 | [2] | ||||||
Subordinated Debt Obligations, Fair Value Disclosure | 57 | [3] | 57 | [3] | 63 | |||||||
Servicing Asset at Fair Value, Amount | $ 1,007 | $ 826 | $ 1,007 | $ 826 | $ 910 | $ 1,148 | $ 950 | $ 698 | ||||
Minimum | Recapture Rate | ||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||||
Servicing Asset, Measurement Input | percent | 0.200 | 0.200 | 0.200 | |||||||||
Minimum | Conditional Prepayment Rate | ||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||||
Servicing Asset, Measurement Input | percent | 0.091 | 0.091 | 0.085 | |||||||||
Maximum | Recapture Rate | ||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||||
Servicing Asset, Measurement Input | percent | 0.200 | 0.200 | 0.200 | |||||||||
Maximum | Conditional Prepayment Rate | ||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||||
Servicing Asset, Measurement Input | percent | 0.209 | 0.209 | 0.185 | |||||||||
Weighted Average | Recapture Rate | ||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||||
Servicing Asset, Measurement Input | percent | 20 | 20 | 0.200 | |||||||||
Weighted Average | Conditional Prepayment Rate | ||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||||
Servicing Asset, Measurement Input | percent | 15.3 | 15.3 | 13.4 | |||||||||
Fair Value, Recurring [Member] | ||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||||
Investment securities - equity | $ 139 | $ 139 | $ 160 | |||||||||
Derivative Liability | 41 | [4] | 41 | [4] | 39 | |||||||
Largest gross exposure (positive derivative NPV) to an individual counterparty | 104 | [4] | 104 | [4] | 47 | |||||||
Loans Held-for-sale, Fair Value Disclosure | 1,340 | 1,340 | 1,173 | |||||||||
Servicing Asset at Fair Value, Amount | 1,007 | 1,007 | 1,148 | |||||||||
Fair Value, Recurring [Member] | Level 1 [Member] | ||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||||
Investment securities - equity | 122 | 122 | 135 | |||||||||
Subordinated Debt Obligations, Fair Value Disclosure | 0 | [3] | 0 | [3] | 0 | |||||||
Derivative Liability | 0 | [4] | 0 | [4] | 0 | |||||||
Largest gross exposure (positive derivative NPV) to an individual counterparty | 0 | [4] | 0 | [4] | 0 | |||||||
Loans Held-for-sale, Fair Value Disclosure | 0 | 0 | 0 | |||||||||
Servicing Asset at Fair Value, Amount | 0 | 0 | 0 | |||||||||
Fair Value, Recurring [Member] | Level 2 [Member] | ||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||||
Investment securities - equity | 17 | 17 | 25 | |||||||||
Subordinated Debt Obligations, Fair Value Disclosure | 0 | [3] | 0 | [3] | 0 | |||||||
Derivative Liability | 37 | [4] | 37 | [4] | 36 | |||||||
Largest gross exposure (positive derivative NPV) to an individual counterparty | 98 | [4] | 98 | [4] | 42 | |||||||
Loans Held-for-sale, Fair Value Disclosure | 1,337 | 1,337 | 1,172 | |||||||||
Servicing Asset at Fair Value, Amount | 0 | 0 | 0 | |||||||||
Fair Value, Recurring [Member] | Level 3 [Member] | ||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||||
Investment securities - equity | 0 | 0 | 0 | |||||||||
Subordinated Debt Obligations, Fair Value Disclosure | 57 | [3] | 57 | [3] | 63 | |||||||
Derivative Liability | 4 | [4] | 4 | [4] | 3 | |||||||
Largest gross exposure (positive derivative NPV) to an individual counterparty | 6 | [4] | 6 | [4] | 5 | |||||||
Loans Held-for-sale, Fair Value Disclosure | 3 | 3 | 1 | |||||||||
Servicing Asset at Fair Value, Amount | 1,007 | 1,007 | 1,148 | |||||||||
Reported Value Measurement [Member] | Fair Value, Recurring [Member] | ||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||||
Investment securities - equity | 139 | 139 | 160 | |||||||||
Derivative Liability | 41 | 41 | 40 | |||||||||
Largest gross exposure (positive derivative NPV) to an individual counterparty | 104 | 104 | 51 | |||||||||
Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | ||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||||
Investment securities - equity | 139 | 139 | 160 | |||||||||
Derivative Liability | 41 | 41 | 39 | |||||||||
Largest gross exposure (positive derivative NPV) to an individual counterparty | 104 | 104 | 47 | |||||||||
Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Level 1 [Member] | ||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||||
Investment securities - equity | 122 | 122 | 135 | |||||||||
Derivative Liability | 0 | 0 | 0 | |||||||||
Largest gross exposure (positive derivative NPV) to an individual counterparty | 0 | 0 | 0 | |||||||||
Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Level 2 [Member] | ||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||||
Investment securities - equity | 17 | 17 | 25 | |||||||||
Derivative Liability | 37 | 37 | 36 | |||||||||
Largest gross exposure (positive derivative NPV) to an individual counterparty | 98 | 98 | 42 | |||||||||
Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Level 3 [Member] | ||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||||
Investment securities - equity | 0 | 0 | 0 | |||||||||
Derivative Liability | 4 | 4 | 3 | |||||||||
Largest gross exposure (positive derivative NPV) to an individual counterparty | 6 | 6 | 5 | |||||||||
Junior Subordinated Debt [Member] | ||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||||
Fair Value, Liability, Recurring Basis, Still Held, Unrealized Gain (Loss) | 6.7 | 2.7 | 5.2 | 5.6 | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Other Comprehensive Income (Loss) | [5] | 6.7 | $ (2.7) | 5.2 | $ (5.6) | |||||||
Junior Subordinated Debt [Member] | Level 3 [Member] | ||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||||
Subordinated Debt Obligations, Fair Value Disclosure | $ 57 | $ 57 | $ 63 | |||||||||
[1]ratings differ, the Company uses an average of the available ratings by major credit agencies.[2]For rated securities, if ratings differ, the Company uses an average of the available ratings by major credit agencies.[3] The fair value of assets and liabilities measured at fair value on a recurring basis was determined using the following inputs: Fair Value Measurements at the End of the Reporting Period Using: Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Fair Value June 30, 2023 (in millions) Assets: Available-for-sale debt securities CLO $ — $ 2,144 $ — $ 2,144 Commercial MBS issued by GSEs — 60 — 60 Corporate debt securities — 338 — 338 Private label residential MBS — 1,141 — 1,141 Residential MBS issued by GSEs — 1,765 — 1,765 Tax-exempt — 830 — 830 U.S. Treasury securities 2,286 — — 2,286 Other 27 40 — 67 Total AFS debt securities $ 2,313 $ 6,318 $ — $ 8,631 Equity securities Common stock $ 2 $ — $ — $ 2 CRA investments 25 12 — 37 Preferred stock 95 5 — 100 Total equity securities $ 122 $ 17 $ — $ 139 Loans HFS (2) $ — $ 1,337 $ 3 $ 1,340 MSRs — — 1,007 1,007 Derivative assets (1) — 98 6 104 Liabilities: Junior subordinated debt (3) $ — $ — $ 57 $ 57 Derivative liabilities (1) — 37 4 41 (1) See "Note 11. Derivatives and Hedging Activities." In addition, the carrying value of loans is decreased by $52 million as of June 30, 2023 for the effective portion of the hedge, which relates to the fair value of the hedges put in place to mitigate against fluctuations in interest rates. Derivative assets and liabilities exclude margin of $85 million and $12 million, respectively. (2) Includes only the portion of loans HFS that is recorded at fair value at each reporting period pursuant to the election of FVO treatment. (3) Includes only the portion of junior subordinated debt that is recorded at fair value at each reporting period pursuant to the election of FVO treatment. Fair Value Measurements at the End of the Reporting Period Using: Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Fair Value December 31, 2022 (in millions) Assets: Available-for-sale debt securities CLO $ — $ 2,706 $ — $ 2,706 Commercial MBS issued by GSEs — 97 — 97 Corporate debt securities — 390 — 390 Private label residential MBS — 1,199 — 1,199 Residential MBS issued by GSEs — 1,740 — 1,740 Tax-exempt — 891 — 891 Other 24 45 — 69 Total AFS debt securities $ 24 $ 7,068 $ — $ 7,092 Equity securities Common stock $ 3 $ — $ — $ 3 CRA investments 24 25 — 49 Preferred stock 108 — — 108 Total equity securities $ 135 $ 25 $ — $ 160 Loans - HFS (2) $ — $ 1,172 $ 1 $ 1,173 Mortgage servicing rights — — 1,148 1,148 Derivative assets (1) — 42 5 47 Liabilities: Junior subordinated debt (3) $ — $ — $ 63 $ 63 Derivative liabilities (1) — 36 3 39 (1) See "Note 11. Derivatives and Hedging Activities." In addition, the carrying value of loans is decreased by $17 million as of December 31, 2022 for the effective portion of the hedge, which relates to the fair value of the hedges put in place to mitigate against fluctuations in interest rates. Derivative assets and liabilities exclude margin of $4 million and $1 million, respectively. (2) Includes only the portion of loans HFS that is recorded at fair value at each reporting period pursuant to the election of FVO treatment. (3) Includes only the portion of junior subordinated debt that is recorded at fair value at each reporting period pursuant to the election of FVO treatment. |
Fair Value Accounting - Change
Fair Value Accounting - Change in Level 3 Liabilities Measured at Fair Value on Recurring Basis (Detail) $ in Millions | 3 Months Ended | 6 Months Ended | |||||||||
Jun. 30, 2023 USD ($) | Jun. 30, 2022 USD ($) | Jun. 30, 2023 USD ($) | Jun. 30, 2022 USD ($) | Mar. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) | Mar. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||||||
Other Comprehensive Income (Loss), Financial Liability, Fair Value Option, Unrealized Gain (Loss) Arising During Period, after Tax | $ (5) | $ 2 | $ 3.9 | $ 4.2 | |||||||
Junior subordinated debt | 57 | [1] | 57 | [1] | $ 63 | ||||||
Servicing Asset at Fair Value, Other Changes that Affect Balance | 1 | 0 | 4 | 0 | |||||||
Interest Rate Lock Commitments | |||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 2 | 12 | 2 | 12 | $ 14 | 2 | $ (11) | $ 9 | |||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases | 4,210 | 5,575 | 7,156 | 10,898 | |||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Issuances | (4,219) | (5,543) | (7,154) | (10,864) | |||||||
Fair Value, Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss) | 2 | 12 | 2 | 12 | |||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings | (3) | (9) | (2) | (31) | |||||||
Servicing Contracts | |||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 1,007 | 826 | 1,007 | 826 | $ 910 | 1,148 | $ 950 | $ 698 | |||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases | 245 | 194 | 387 | 398 | |||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales | (149) | (350) | (499) | (350) | |||||||
Fair Value, Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss) | 31 | 40 | 31 | 89 | |||||||
Realization of expected cash flows | (24) | (30) | (49) | (63) | |||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings | 24 | 62 | 16 | 143 | |||||||
Fair Value, Recurring [Member] | Level 3 [Member] | |||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||||||
Junior subordinated debt | 57 | [1] | 57 | [1] | $ 63 | ||||||
Junior Subordinated Debt [Member] | |||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Other Comprehensive Income (Loss) | [2] | $ (6.7) | 2.7 | $ (5.2) | 5.6 | ||||||
Debt Instrument, Measurement Input | 0.1013 | 0.1013 | 0.0813 | ||||||||
Junior Subordinated Debt [Member] | Level 3 [Member] | |||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||||||
Junior subordinated debt | $ 57 | $ 57 | $ 63 | ||||||||
Junior Subordinated Debt [Member] | Fair Value, Recurring [Member] | |||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||||||
Beginning balance | 64 | 64.5 | 62.5 | 67.4 | |||||||
Closing balance | $ 57.3 | $ 61.8 | $ 57.3 | $ 61.8 | |||||||
[1] The fair value of assets and liabilities measured at fair value on a recurring basis was determined using the following inputs: Fair Value Measurements at the End of the Reporting Period Using: Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Fair Value June 30, 2023 (in millions) Assets: Available-for-sale debt securities CLO $ — $ 2,144 $ — $ 2,144 Commercial MBS issued by GSEs — 60 — 60 Corporate debt securities — 338 — 338 Private label residential MBS — 1,141 — 1,141 Residential MBS issued by GSEs — 1,765 — 1,765 Tax-exempt — 830 — 830 U.S. Treasury securities 2,286 — — 2,286 Other 27 40 — 67 Total AFS debt securities $ 2,313 $ 6,318 $ — $ 8,631 Equity securities Common stock $ 2 $ — $ — $ 2 CRA investments 25 12 — 37 Preferred stock 95 5 — 100 Total equity securities $ 122 $ 17 $ — $ 139 Loans HFS (2) $ — $ 1,337 $ 3 $ 1,340 MSRs — — 1,007 1,007 Derivative assets (1) — 98 6 104 Liabilities: Junior subordinated debt (3) $ — $ — $ 57 $ 57 Derivative liabilities (1) — 37 4 41 (1) See "Note 11. Derivatives and Hedging Activities." In addition, the carrying value of loans is decreased by $52 million as of June 30, 2023 for the effective portion of the hedge, which relates to the fair value of the hedges put in place to mitigate against fluctuations in interest rates. Derivative assets and liabilities exclude margin of $85 million and $12 million, respectively. (2) Includes only the portion of loans HFS that is recorded at fair value at each reporting period pursuant to the election of FVO treatment. (3) Includes only the portion of junior subordinated debt that is recorded at fair value at each reporting period pursuant to the election of FVO treatment. Fair Value Measurements at the End of the Reporting Period Using: Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Fair Value December 31, 2022 (in millions) Assets: Available-for-sale debt securities CLO $ — $ 2,706 $ — $ 2,706 Commercial MBS issued by GSEs — 97 — 97 Corporate debt securities — 390 — 390 Private label residential MBS — 1,199 — 1,199 Residential MBS issued by GSEs — 1,740 — 1,740 Tax-exempt — 891 — 891 Other 24 45 — 69 Total AFS debt securities $ 24 $ 7,068 $ — $ 7,092 Equity securities Common stock $ 3 $ — $ — $ 3 CRA investments 24 25 — 49 Preferred stock 108 — — 108 Total equity securities $ 135 $ 25 $ — $ 160 Loans - HFS (2) $ — $ 1,172 $ 1 $ 1,173 Mortgage servicing rights — — 1,148 1,148 Derivative assets (1) — 42 5 47 Liabilities: Junior subordinated debt (3) $ — $ — $ 63 $ 63 Derivative liabilities (1) — 36 3 39 (1) See "Note 11. Derivatives and Hedging Activities." In addition, the carrying value of loans is decreased by $17 million as of December 31, 2022 for the effective portion of the hedge, which relates to the fair value of the hedges put in place to mitigate against fluctuations in interest rates. Derivative assets and liabilities exclude margin of $4 million and $1 million, respectively. (2) Includes only the portion of loans HFS that is recorded at fair value at each reporting period pursuant to the election of FVO treatment. (3) Includes only the portion of junior subordinated debt that is recorded at fair value at each reporting period pursuant to the election of FVO treatment. |
Fair Value Accounting - Assets
Fair Value Accounting - Assets Measured at Fair Value on Nonrecurring Basis (Detail) - USD ($) $ in Millions | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired loans with an allowance recorded | $ 9 | $ 7 |
Fair Value, Nonrecurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other assets acquired through foreclosure | 11 | 11 |
Collateral Dependent Loans, Net of Allowance | 368 | 295 |
Fair Value, Nonrecurring [Member] | Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other assets acquired through foreclosure | 0 | 0 |
Collateral Dependent Loans, Net of Allowance | 0 | 0 |
Fair Value, Nonrecurring [Member] | Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other assets acquired through foreclosure | 0 | 0 |
Collateral Dependent Loans, Net of Allowance | 0 | 0 |
Fair Value, Nonrecurring [Member] | Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other assets acquired through foreclosure | 11 | 11 |
Collateral Dependent Loans, Net of Allowance | $ 368 | $ 295 |
Third Party Appraisal [Member] | Loans and Finance Receivables [Member] | Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Level 3 Fair Value Measurement Inputs | Costs to sell | Costs to sell |
Third Party Appraisal [Member] | Other Assets [Member] | Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Level 3 Fair Value Measurement Inputs | Costs to sell | Costs to sell |
Discount Rate [Member] | Loans and Finance Receivables [Member] | Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Level 3 Fair Value Measurement Inputs | Contractual loan rate | Contractual loan rate |
Scheduled Cash Collections [Member] | Loans and Finance Receivables [Member] | Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Level 3 Fair Value Measurement Inputs | Probability of default | Probability of default |
Proceeds from Non-Real Estate Collateral [Member] | Loans and Finance Receivables [Member] | Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Level 3 Fair Value Measurement Inputs | Loss given default | Loss given default |
Fair Value Accounting - Chang_2
Fair Value Accounting - Change in Level 3 Unobservable Inputs (Detail) $ in Millions | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||||
Jun. 30, 2023 USD ($) percent | Jun. 30, 2022 USD ($) | Jun. 30, 2023 USD ($) percent | Jun. 30, 2022 USD ($) | Dec. 31, 2022 USD ($) percent | Mar. 31, 2023 USD ($) | Mar. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | |
Interest Rate Lock Commitments | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | $ | $ 2 | $ 12 | $ 2 | $ 12 | $ 2 | $ 14 | $ (11) | $ 9 |
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases | $ | 4,210 | 5,575 | 7,156 | 10,898 | ||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Issuances | $ | (4,219) | (5,543) | (7,154) | (10,864) | ||||
Fair Value, Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss) | $ | 2 | 12 | 2 | 12 | ||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings | $ | (3) | (9) | (2) | (31) | ||||
Servicing Contracts | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | $ | 1,007 | 826 | 1,007 | 826 | $ 1,148 | $ 910 | $ 950 | $ 698 |
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases | $ | 245 | 194 | 387 | 398 | ||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales | $ | (149) | (350) | (499) | (350) | ||||
Fair Value, Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss) | $ | 31 | 40 | 31 | 89 | ||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings | $ | 24 | 62 | 16 | 143 | ||||
Realization of expected cash flows | $ | $ (24) | $ (30) | $ (49) | $ (63) | ||||
Loans and Finance Receivables [Member] | Level 3 [Member] | Scheduled Cash Collections [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Level 3 Fair Value Measurement Inputs | Probability of default | Probability of default | ||||||
Loans and Finance Receivables [Member] | Level 3 [Member] | Proceeds from Non-Real Estate Collateral [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Level 3 Fair Value Measurement Inputs | Loss given default | Loss given default | ||||||
Option Adjusted Spread | Maximum | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Servicing Asset, Measurement Input | 307 | 307 | 621 | |||||
Option Adjusted Spread | Weighted Average | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Servicing Asset, Measurement Input | 237 | 237 | 378 | |||||
Option Adjusted Spread | Minimum | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Servicing Asset, Measurement Input | 48 | 48 | 190 | |||||
Conditional Prepayment Rate | Maximum | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Servicing Asset, Measurement Input | 0.209 | 0.209 | 0.185 | |||||
Conditional Prepayment Rate | Weighted Average | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Servicing Asset, Measurement Input | 15.3 | 15.3 | 13.4 | |||||
Conditional Prepayment Rate | Minimum | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Servicing Asset, Measurement Input | 0.091 | 0.091 | 0.085 | |||||
Servicing Fee Rate | Maximum | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Servicing Asset, Measurement Input | 56.5 | 56.5 | 56.5 | |||||
Servicing Fee Rate | Weighted Average | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Servicing Asset, Measurement Input | 34.6 | 34.6 | 33.2 | |||||
Servicing Fee Rate | Minimum | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Servicing Asset, Measurement Input | 25 | 25 | 25 | |||||
Cost to Service | Maximum | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Servicing Asset, Measurement Input | 100 | 100 | 94 | |||||
Cost to Service | Weighted Average | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Servicing Asset, Measurement Input | 94 | 94 | 90 | |||||
Cost to Service | Minimum | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Servicing Asset, Measurement Input | 93 | 93 | 87 | |||||
Servicing Fee Multiple | Maximum | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Derivative Asset, Measurement Input | 5.3 | 5.3 | 5.5 | |||||
Servicing Fee Multiple | Weighted Average | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Derivative Asset, Measurement Input | 4.3 | 4.3 | 4.3 | |||||
Servicing Fee Multiple | Minimum | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Derivative Asset, Measurement Input | 3.3 | 3.3 | 2.9 | |||||
Pull-through Rate | Maximum | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Derivative Asset, Measurement Input | 1 | 1 | 1 | |||||
Pull-through Rate | Weighted Average | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Derivative Asset, Measurement Input | 89 | 89 | 89 | |||||
Pull-through Rate | Minimum | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Derivative Asset, Measurement Input | 0.71 | 0.71 | 0.69 | |||||
Recapture Rate | Maximum | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Servicing Asset, Measurement Input | 0.200 | 0.200 | 0.200 | |||||
Recapture Rate | Weighted Average | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Servicing Asset, Measurement Input | 20 | 20 | 0.200 | |||||
Recapture Rate | Minimum | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Servicing Asset, Measurement Input | 0.200 | 0.200 | 0.200 |
Fair Value Accounting - Estimat
Fair Value Accounting - Estimated Fair Value of Financial Instruments (Detail) - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Other Repossessed Assets | $ 11 | $ 11 | ||
Financial assets | ||||
Debt Securities, Held-to-maturity | 1,367 | 1,289 | ||
Debt Securities, Available-for-sale | 8,631 | [1] | 7,092 | [2] |
Investment securities - equity | 139 | [1] | 160 | [2] |
Loans, net | 47,554 | 51,552 | ||
Loans Receivable Held-for-sale, Amount | 3,156 | 1,184 | ||
Servicing Asset | 1,007 | 1,148 | ||
Accrued Investment Income Receivable | 4 | 4 | ||
Financial liabilities | ||||
Deposits | 51,041 | 53,644 | ||
Other borrowings | 9,567 | 6,299 | ||
Junior subordinated debt | 57 | [3] | 63 | |
Fair Value, Nonrecurring [Member] | ||||
Financial liabilities | ||||
Other assets acquired through foreclosure | 11 | 11 | ||
Fair Value, Nonrecurring [Member] | Level 1 [Member] | ||||
Financial liabilities | ||||
Other assets acquired through foreclosure | 0 | 0 | ||
Fair Value, Nonrecurring [Member] | Level 2 [Member] | ||||
Financial liabilities | ||||
Other assets acquired through foreclosure | 0 | 0 | ||
Fair Value, Nonrecurring [Member] | Level 3 [Member] | ||||
Financial liabilities | ||||
Other assets acquired through foreclosure | 11 | 11 | ||
Fair Value, Nonrecurring [Member] | Reported Value Measurement [Member] | ||||
Financial assets | ||||
Debt Securities, Held-to-maturity | 1,367 | 1,289 | ||
Loans, net | 47,554 | 51,552 | ||
Accrued Investment Income Receivable | 348 | 357 | ||
Financial liabilities | ||||
Deposits | 51,041 | 53,644 | ||
Other borrowings | 9,567 | 6,299 | ||
Junior subordinated debt | 888 | 893 | ||
Interest Payable, Current | 104 | 35 | ||
Fair Value, Nonrecurring [Member] | Estimate of Fair Value Measurement [Member] | ||||
Financial assets | ||||
Debt Securities, Held-to-maturity | 1,186 | 1,112 | ||
Loans, net | 44,772 | 47,679 | ||
Accrued Investment Income Receivable | 348 | 357 | ||
Financial liabilities | ||||
Deposits | 51,040 | 53,698 | ||
Other borrowings | 9,490 | 6,261 | ||
Junior subordinated debt | 689 | 810 | ||
Interest Payable, Current | 104 | 35 | ||
Fair Value, Nonrecurring [Member] | Estimate of Fair Value Measurement [Member] | Level 1 [Member] | ||||
Financial assets | ||||
Debt Securities, Held-to-maturity | 0 | 0 | ||
Loans, net | 0 | 0 | ||
Accrued Investment Income Receivable | 0 | 0 | ||
Financial liabilities | ||||
Deposits | 0 | 0 | ||
Other borrowings | 0 | 0 | ||
Junior subordinated debt | 0 | 0 | ||
Interest Payable, Current | 0 | 0 | ||
Fair Value, Nonrecurring [Member] | Estimate of Fair Value Measurement [Member] | Level 2 [Member] | ||||
Financial assets | ||||
Debt Securities, Held-to-maturity | 1,186 | 1,112 | ||
Loans, net | 0 | 0 | ||
Accrued Investment Income Receivable | 348 | 357 | ||
Financial liabilities | ||||
Deposits | 51,040 | 53,698 | ||
Other borrowings | 9,490 | 6,261 | ||
Junior subordinated debt | 620 | 735 | ||
Interest Payable, Current | 104 | 35 | ||
Fair Value, Nonrecurring [Member] | Estimate of Fair Value Measurement [Member] | Level 3 [Member] | ||||
Financial assets | ||||
Debt Securities, Held-to-maturity | 0 | 0 | ||
Loans, net | 44,772 | 47,679 | ||
Accrued Investment Income Receivable | 0 | 0 | ||
Financial liabilities | ||||
Deposits | 0 | 0 | ||
Other borrowings | 0 | 0 | ||
Junior subordinated debt | 69 | 75 | ||
Interest Payable, Current | 0 | 0 | ||
Fair Value, Recurring [Member] | ||||
Financial assets | ||||
Debt Securities, Available-for-sale | 8,631 | 7,092 | ||
Investment securities - equity | 139 | 160 | ||
Derivative Asset | 104 | [4] | 47 | |
Financial liabilities | ||||
Derivative Liability | 41 | [4] | 39 | |
Fair Value, Recurring [Member] | Level 1 [Member] | ||||
Financial assets | ||||
Debt Securities, Available-for-sale | 2,313 | 24 | ||
Investment securities - equity | 122 | 135 | ||
Derivative Asset | 0 | [4] | 0 | |
Financial liabilities | ||||
Junior subordinated debt | 0 | [3] | 0 | |
Derivative Liability | 0 | [4] | 0 | |
Fair Value, Recurring [Member] | Level 2 [Member] | ||||
Financial assets | ||||
Debt Securities, Available-for-sale | 6,318 | 7,068 | ||
Investment securities - equity | 17 | 25 | ||
Derivative Asset | 98 | [4] | 42 | |
Financial liabilities | ||||
Junior subordinated debt | 0 | [3] | 0 | |
Derivative Liability | 37 | [4] | 36 | |
Fair Value, Recurring [Member] | Level 3 [Member] | ||||
Financial assets | ||||
Debt Securities, Available-for-sale | 0 | 0 | ||
Investment securities - equity | 0 | 0 | ||
Derivative Asset | 6 | [4] | 5 | |
Financial liabilities | ||||
Junior subordinated debt | 57 | [3] | 63 | |
Derivative Liability | 4 | [4] | 3 | |
Fair Value, Recurring [Member] | Reported Value Measurement [Member] | ||||
Financial assets | ||||
Debt Securities, Available-for-sale | 8,631 | 7,092 | ||
Investment securities - equity | 139 | 160 | ||
Derivative Asset | 104 | 51 | ||
Loans Receivable Held-for-sale, Amount | 3,156 | 1,184 | ||
Servicing Asset | 1,007 | 1,148 | ||
Financial liabilities | ||||
Derivative Liability | 41 | 40 | ||
Fair Value, Recurring [Member] | Estimate of Fair Value Measurement [Member] | ||||
Financial assets | ||||
Debt Securities, Available-for-sale | 8,631 | 7,092 | ||
Investment securities - equity | 139 | 160 | ||
Derivative Asset | 104 | 47 | ||
Loans Receivable Held-for-sale, Amount | 3,156 | 1,173 | ||
Servicing Asset | 1,007 | 1,148 | ||
Financial liabilities | ||||
Derivative Liability | 41 | 39 | ||
Fair Value, Recurring [Member] | Estimate of Fair Value Measurement [Member] | Level 1 [Member] | ||||
Financial assets | ||||
Debt Securities, Available-for-sale | 2,313 | 24 | ||
Investment securities - equity | 122 | 135 | ||
Derivative Asset | 0 | 0 | ||
Loans Receivable Held-for-sale, Amount | 0 | 0 | ||
Servicing Asset | 0 | 0 | ||
Financial liabilities | ||||
Derivative Liability | 0 | 0 | ||
Fair Value, Recurring [Member] | Estimate of Fair Value Measurement [Member] | Level 2 [Member] | ||||
Financial assets | ||||
Debt Securities, Available-for-sale | 6,318 | 7,068 | ||
Investment securities - equity | 17 | 25 | ||
Derivative Asset | 98 | 42 | ||
Loans Receivable Held-for-sale, Amount | 3,136 | 1,172 | ||
Servicing Asset | 0 | 0 | ||
Financial liabilities | ||||
Derivative Liability | 37 | 36 | ||
Fair Value, Recurring [Member] | Estimate of Fair Value Measurement [Member] | Level 3 [Member] | ||||
Financial assets | ||||
Debt Securities, Available-for-sale | 0 | 0 | ||
Investment securities - equity | 0 | 0 | ||
Derivative Asset | 6 | 5 | ||
Loans Receivable Held-for-sale, Amount | 20 | 1 | ||
Servicing Asset | 1,007 | 1,148 | ||
Financial liabilities | ||||
Derivative Liability | $ 4 | $ 3 | ||
[1]ratings differ, the Company uses an average of the available ratings by major credit agencies.[2]For rated securities, if ratings differ, the Company uses an average of the available ratings by major credit agencies.[3] The fair value of assets and liabilities measured at fair value on a recurring basis was determined using the following inputs: Fair Value Measurements at the End of the Reporting Period Using: Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Fair Value June 30, 2023 (in millions) Assets: Available-for-sale debt securities CLO $ — $ 2,144 $ — $ 2,144 Commercial MBS issued by GSEs — 60 — 60 Corporate debt securities — 338 — 338 Private label residential MBS — 1,141 — 1,141 Residential MBS issued by GSEs — 1,765 — 1,765 Tax-exempt — 830 — 830 U.S. Treasury securities 2,286 — — 2,286 Other 27 40 — 67 Total AFS debt securities $ 2,313 $ 6,318 $ — $ 8,631 Equity securities Common stock $ 2 $ — $ — $ 2 CRA investments 25 12 — 37 Preferred stock 95 5 — 100 Total equity securities $ 122 $ 17 $ — $ 139 Loans HFS (2) $ — $ 1,337 $ 3 $ 1,340 MSRs — — 1,007 1,007 Derivative assets (1) — 98 6 104 Liabilities: Junior subordinated debt (3) $ — $ — $ 57 $ 57 Derivative liabilities (1) — 37 4 41 (1) See "Note 11. Derivatives and Hedging Activities." In addition, the carrying value of loans is decreased by $52 million as of June 30, 2023 for the effective portion of the hedge, which relates to the fair value of the hedges put in place to mitigate against fluctuations in interest rates. Derivative assets and liabilities exclude margin of $85 million and $12 million, respectively. (2) Includes only the portion of loans HFS that is recorded at fair value at each reporting period pursuant to the election of FVO treatment. (3) Includes only the portion of junior subordinated debt that is recorded at fair value at each reporting period pursuant to the election of FVO treatment. Fair Value Measurements at the End of the Reporting Period Using: Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Fair Value December 31, 2022 (in millions) Assets: Available-for-sale debt securities CLO $ — $ 2,706 $ — $ 2,706 Commercial MBS issued by GSEs — 97 — 97 Corporate debt securities — 390 — 390 Private label residential MBS — 1,199 — 1,199 Residential MBS issued by GSEs — 1,740 — 1,740 Tax-exempt — 891 — 891 Other 24 45 — 69 Total AFS debt securities $ 24 $ 7,068 $ — $ 7,092 Equity securities Common stock $ 3 $ — $ — $ 3 CRA investments 24 25 — 49 Preferred stock 108 — — 108 Total equity securities $ 135 $ 25 $ — $ 160 Loans - HFS (2) $ — $ 1,172 $ 1 $ 1,173 Mortgage servicing rights — — 1,148 1,148 Derivative assets (1) — 42 5 47 Liabilities: Junior subordinated debt (3) $ — $ — $ 63 $ 63 Derivative liabilities (1) — 36 3 39 (1) See "Note 11. Derivatives and Hedging Activities." In addition, the carrying value of loans is decreased by $17 million as of December 31, 2022 for the effective portion of the hedge, which relates to the fair value of the hedges put in place to mitigate against fluctuations in interest rates. Derivative assets and liabilities exclude margin of $4 million and $1 million, respectively. (2) Includes only the portion of loans HFS that is recorded at fair value at each reporting period pursuant to the election of FVO treatment. (3) Includes only the portion of junior subordinated debt that is recorded at fair value at each reporting period pursuant to the election of FVO treatment. |
Fair Value Accounting - Additio
Fair Value Accounting - Additional Information (Detail) $ in Millions | 6 Months Ended | |||||||||
Jun. 30, 2023 USD ($) percent shares | Jun. 30, 2022 USD ($) | Mar. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) percent shares | Mar. 31, 2022 USD ($) | Jan. 25, 2022 USD ($) | Dec. 31, 2021 USD ($) | Apr. 07, 2021 USD ($) | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Other assets acquired through foreclosure | $ 11 | $ 11 | ||||||||
Goodwill | $ 36.6 | $ 199.8 | ||||||||
Common Stock, Shares, Issued | shares | 112,211,949 | 111,465,292 | ||||||||
Loans Held-for-sale, Fair Value Disclosure | $ 1,340 | $ 1,173 | ||||||||
Financing Receivable, 90 Days or More Past Due, Still Accruing | 1 | 1 | ||||||||
Fair Value, Option, Loans Held as Assets, Aggregate Difference | 27 | 34 | ||||||||
Fair Value, Option, Loans Held as Assets, 90 Days or More Past Due, Aggregate Difference | (1) | 0 | ||||||||
UPB, Option, Loans Held as Assets, Current Through 89 Days | 1,311 | 1,138 | ||||||||
Fair Value, Option, Loans Held as Assets, Current Through 89 days, Aggregate Difference | 28 | 34 | ||||||||
UPB, Option, Loans Held as Assets, 90 Days or More Past Due | 2 | 1 | ||||||||
Investment securities - equity | 139 | [1] | 160 | [2] | ||||||
Debt Securities, Available-for-sale | 8,631 | [1] | 7,092 | [2] | ||||||
Fair Value, Option, Loans Held as Assets, Current Through 89 Days | 1,339 | 1,172 | ||||||||
Servicing Asset at Fair Value, Amount | $ 1,007 | $ 826 | $ 910 | $ 1,148 | $ 950 | $ 698 | ||||
Minimum | Option Adjusted Spread | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Servicing Asset, Measurement Input | percent | 48 | 190 | ||||||||
Minimum | Conditional Prepayment Rate | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Servicing Asset, Measurement Input | percent | 0.091 | 0.085 | ||||||||
Minimum | Servicing Fee Rate | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Servicing Asset, Measurement Input | percent | 25 | 25 | ||||||||
Minimum | Cost to Service | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Servicing Asset, Measurement Input | percent | 93 | 87 | ||||||||
Minimum | Servicing Fee Multiple | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Derivative Asset, Measurement Input | percent | 3.3 | 2.9 | ||||||||
Minimum | Pull-through Rate | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Derivative Asset, Measurement Input | percent | 0.71 | 0.69 | ||||||||
Minimum | Recapture Rate | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Servicing Asset, Measurement Input | percent | 0.200 | 0.200 | ||||||||
Maximum | Option Adjusted Spread | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Servicing Asset, Measurement Input | percent | 307 | 621 | ||||||||
Maximum | Conditional Prepayment Rate | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Servicing Asset, Measurement Input | percent | 0.209 | 0.185 | ||||||||
Maximum | Servicing Fee Rate | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Servicing Asset, Measurement Input | percent | 56.5 | 56.5 | ||||||||
Maximum | Cost to Service | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Servicing Asset, Measurement Input | percent | 100 | 94 | ||||||||
Maximum | Servicing Fee Multiple | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Derivative Asset, Measurement Input | percent | 5.3 | 5.5 | ||||||||
Maximum | Pull-through Rate | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Derivative Asset, Measurement Input | percent | 1 | 1 | ||||||||
Maximum | Recapture Rate | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Servicing Asset, Measurement Input | percent | 0.200 | 0.200 | ||||||||
Weighted Average | Option Adjusted Spread | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Servicing Asset, Measurement Input | percent | 237 | 378 | ||||||||
Weighted Average | Conditional Prepayment Rate | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Servicing Asset, Measurement Input | percent | 15.3 | 13.4 | ||||||||
Weighted Average | Servicing Fee Rate | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Servicing Asset, Measurement Input | percent | 34.6 | 33.2 | ||||||||
Weighted Average | Cost to Service | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Servicing Asset, Measurement Input | percent | 94 | 90 | ||||||||
Weighted Average | Servicing Fee Multiple | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Derivative Asset, Measurement Input | percent | 4.3 | 4.3 | ||||||||
Weighted Average | Pull-through Rate | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Derivative Asset, Measurement Input | percent | 89 | 89 | ||||||||
Weighted Average | Recapture Rate | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Servicing Asset, Measurement Input | percent | 20 | 0.200 | ||||||||
Collateralized Loan Obligations | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Debt Securities, Available-for-sale | $ 2,144 | $ 2,706 | ||||||||
Commercial Mortgage Backed Securities Issued By US Government Sponsored Enterprise [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Debt Securities, Available-for-sale | 60 | 97 | ||||||||
Corporate Bond Securities [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Debt Securities, Available-for-sale | 338 | 390 | ||||||||
Residential Mortgage Backed Securities [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Debt Securities, Available-for-sale | 1,141 | 1,199 | ||||||||
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Debt Securities, Available-for-sale | 1,765 | 1,740 | ||||||||
Nontaxable Municipal Bonds [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Debt Securities, Available-for-sale | 830 | 891 | ||||||||
US Treasury Securities [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Debt Securities, Available-for-sale | 2,286 | |||||||||
Other Security Investments | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Debt Securities, Available-for-sale | 67 | 69 | ||||||||
CRA investments [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Investment securities - equity | 37 | 49 | ||||||||
Preferred Stock [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Investment securities - equity | 100 | 108 | ||||||||
Level 3 [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Impaired loans with an allowance recorded | $ 9 | 7 | ||||||||
Junior Subordinated Debt [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Period of basis point spread | 4.58% | 3.36% | ||||||||
Percentage of LIBOR | 5.55% | 4.77% | ||||||||
Fair Value, Nonrecurring [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Collateral Dependent Loans, Net of Allowance | $ 368 | 295 | ||||||||
Other assets acquired through foreclosure | 11 | 11 | ||||||||
Fair Value, Nonrecurring [Member] | Level 3 [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Collateral Dependent Loans, Net of Allowance | 368 | 295 | ||||||||
Other assets acquired through foreclosure | 11 | 11 | ||||||||
Fair Value, Nonrecurring [Member] | Level 2 [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Collateral Dependent Loans, Net of Allowance | 0 | 0 | ||||||||
Other assets acquired through foreclosure | 0 | 0 | ||||||||
Fair Value, Nonrecurring [Member] | Level 1 [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Collateral Dependent Loans, Net of Allowance | 0 | 0 | ||||||||
Other assets acquired through foreclosure | 0 | 0 | ||||||||
Fair Value, Recurring [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Financing Receivable Unpaid Principal Balance | 1,313 | 1,139 | ||||||||
Investment securities - equity | 139 | 160 | ||||||||
Debt Securities, Available-for-sale | 8,631 | 7,092 | ||||||||
Servicing Asset at Fair Value, Amount | 1,007 | 1,148 | ||||||||
Fair Value, Recurring [Member] | Common Stock [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Investment securities - equity | 2 | 3 | ||||||||
Fair Value, Recurring [Member] | Collateralized Loan Obligations | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Debt Securities, Available-for-sale | 2,144 | 2,706 | ||||||||
Fair Value, Recurring [Member] | Commercial Mortgage Backed Securities Issued By US Government Sponsored Enterprise [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Debt Securities, Available-for-sale | 60 | 97 | ||||||||
Fair Value, Recurring [Member] | Corporate Bond Securities [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Debt Securities, Available-for-sale | 338 | 390 | ||||||||
Fair Value, Recurring [Member] | Residential Mortgage Backed Securities [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Debt Securities, Available-for-sale | 1,141 | 1,199 | ||||||||
Fair Value, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Debt Securities, Available-for-sale | 1,765 | 1,740 | ||||||||
Fair Value, Recurring [Member] | Nontaxable Municipal Bonds [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Debt Securities, Available-for-sale | 830 | 891 | ||||||||
Fair Value, Recurring [Member] | US Treasury Securities [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Debt Securities, Available-for-sale | 2,286 | |||||||||
Fair Value, Recurring [Member] | Other Security Investments | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Debt Securities, Available-for-sale | 67 | 69 | ||||||||
Fair Value, Recurring [Member] | CRA investments [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Investment securities - equity | 37 | 49 | ||||||||
Fair Value, Recurring [Member] | Preferred Stock [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Investment securities - equity | 100 | 108 | ||||||||
Fair Value, Recurring [Member] | Level 3 [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Investment securities - equity | 0 | 0 | ||||||||
Debt Securities, Available-for-sale | 0 | 0 | ||||||||
Servicing Asset at Fair Value, Amount | 1,007 | 1,148 | ||||||||
Fair Value, Recurring [Member] | Level 3 [Member] | Common Stock [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Investment securities - equity | 0 | 0 | ||||||||
Fair Value, Recurring [Member] | Level 3 [Member] | Collateralized Loan Obligations | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Debt Securities, Available-for-sale | 0 | 0 | ||||||||
Fair Value, Recurring [Member] | Level 3 [Member] | Commercial Mortgage Backed Securities Issued By US Government Sponsored Enterprise [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Debt Securities, Available-for-sale | 0 | 0 | ||||||||
Fair Value, Recurring [Member] | Level 3 [Member] | Corporate Bond Securities [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Debt Securities, Available-for-sale | 0 | 0 | ||||||||
Fair Value, Recurring [Member] | Level 3 [Member] | Residential Mortgage Backed Securities [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Debt Securities, Available-for-sale | 0 | 0 | ||||||||
Fair Value, Recurring [Member] | Level 3 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Debt Securities, Available-for-sale | 0 | 0 | ||||||||
Fair Value, Recurring [Member] | Level 3 [Member] | Nontaxable Municipal Bonds [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Debt Securities, Available-for-sale | 0 | 0 | ||||||||
Fair Value, Recurring [Member] | Level 3 [Member] | US Treasury Securities [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Debt Securities, Available-for-sale | 0 | |||||||||
Fair Value, Recurring [Member] | Level 3 [Member] | Other Security Investments | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Debt Securities, Available-for-sale | 0 | 0 | ||||||||
Fair Value, Recurring [Member] | Level 3 [Member] | CRA investments [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Investment securities - equity | 0 | 0 | ||||||||
Fair Value, Recurring [Member] | Level 3 [Member] | Preferred Stock [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Investment securities - equity | 0 | 0 | ||||||||
Fair Value, Recurring [Member] | Level 2 [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Investment securities - equity | 17 | 25 | ||||||||
Debt Securities, Available-for-sale | 6,318 | 7,068 | ||||||||
Servicing Asset at Fair Value, Amount | 0 | 0 | ||||||||
Fair Value, Recurring [Member] | Level 2 [Member] | Common Stock [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Investment securities - equity | 0 | 0 | ||||||||
Fair Value, Recurring [Member] | Level 2 [Member] | Collateralized Loan Obligations | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Debt Securities, Available-for-sale | 2,144 | 2,706 | ||||||||
Fair Value, Recurring [Member] | Level 2 [Member] | Commercial Mortgage Backed Securities Issued By US Government Sponsored Enterprise [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Debt Securities, Available-for-sale | 60 | 97 | ||||||||
Fair Value, Recurring [Member] | Level 2 [Member] | Corporate Bond Securities [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Debt Securities, Available-for-sale | 338 | 390 | ||||||||
Fair Value, Recurring [Member] | Level 2 [Member] | Residential Mortgage Backed Securities [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Debt Securities, Available-for-sale | 1,141 | 1,199 | ||||||||
Fair Value, Recurring [Member] | Level 2 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Debt Securities, Available-for-sale | 1,765 | 1,740 | ||||||||
Fair Value, Recurring [Member] | Level 2 [Member] | Nontaxable Municipal Bonds [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Debt Securities, Available-for-sale | 830 | 891 | ||||||||
Fair Value, Recurring [Member] | Level 2 [Member] | US Treasury Securities [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Debt Securities, Available-for-sale | 0 | |||||||||
Fair Value, Recurring [Member] | Level 2 [Member] | Other Security Investments | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Debt Securities, Available-for-sale | 40 | 45 | ||||||||
Fair Value, Recurring [Member] | Level 2 [Member] | CRA investments [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Investment securities - equity | 12 | 25 | ||||||||
Fair Value, Recurring [Member] | Level 2 [Member] | Preferred Stock [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Investment securities - equity | 5 | 0 | ||||||||
Fair Value, Recurring [Member] | Level 1 [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Investment securities - equity | 122 | 135 | ||||||||
Debt Securities, Available-for-sale | 2,313 | 24 | ||||||||
Servicing Asset at Fair Value, Amount | 0 | 0 | ||||||||
Fair Value, Recurring [Member] | Level 1 [Member] | Common Stock [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Investment securities - equity | 2 | 3 | ||||||||
Fair Value, Recurring [Member] | Level 1 [Member] | Collateralized Loan Obligations | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Debt Securities, Available-for-sale | 0 | 0 | ||||||||
Fair Value, Recurring [Member] | Level 1 [Member] | Commercial Mortgage Backed Securities Issued By US Government Sponsored Enterprise [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Debt Securities, Available-for-sale | 0 | 0 | ||||||||
Fair Value, Recurring [Member] | Level 1 [Member] | Corporate Bond Securities [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Debt Securities, Available-for-sale | 0 | 0 | ||||||||
Fair Value, Recurring [Member] | Level 1 [Member] | Residential Mortgage Backed Securities [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Debt Securities, Available-for-sale | 0 | 0 | ||||||||
Fair Value, Recurring [Member] | Level 1 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Debt Securities, Available-for-sale | 0 | 0 | ||||||||
Fair Value, Recurring [Member] | Level 1 [Member] | Nontaxable Municipal Bonds [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Debt Securities, Available-for-sale | 0 | 0 | ||||||||
Fair Value, Recurring [Member] | Level 1 [Member] | US Treasury Securities [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Debt Securities, Available-for-sale | 2,286 | |||||||||
Fair Value, Recurring [Member] | Level 1 [Member] | Other Security Investments | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Debt Securities, Available-for-sale | 27 | 24 | ||||||||
Fair Value, Recurring [Member] | Level 1 [Member] | CRA investments [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Investment securities - equity | 25 | 24 | ||||||||
Fair Value, Recurring [Member] | Level 1 [Member] | Preferred Stock [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Investment securities - equity | $ 95 | $ 108 | ||||||||
[1]ratings differ, the Company uses an average of the available ratings by major credit agencies.[2]For rated securities, if ratings differ, the Company uses an average of the available ratings by major credit agencies. |
Segments - Operating Segment In
Segments - Operating Segment Information (Detail) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||||||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Mar. 31, 2023 | Dec. 31, 2022 | Mar. 31, 2022 | Dec. 31, 2021 | |
Operating Statistics [Line Items] | ||||||||
Service charges and fees | $ 20.8 | $ 7.6 | $ 30.3 | $ 14.6 | ||||
Cash, Cash Equivalents and Investment Securities | 12,527 | 12,527 | $ 9,803 | |||||
Loans Receivable Held-for-sale, Amount | 3,156 | 3,156 | 1,184 | |||||
Loans and Leases Receivable, Net of Deferred Income | 47,875 | 47,875 | 51,862 | |||||
Less: Allowance for credit losses | (321) | (321) | (310) | |||||
Loans, net | 47,554 | 47,554 | 51,552 | |||||
Other Repossessed Assets | 11 | 11 | 11 | |||||
Goodwill and intangible assets, net | 674 | 674 | 680 | |||||
Other Assets Segment | 4,238 | 4,238 | 4,504 | |||||
Assets | 68,160 | 68,160 | 67,734 | |||||
Deposits | 51,041 | 51,041 | 53,644 | |||||
Other borrowings | 10,455 | 10,455 | 7,192 | |||||
Other Liabilities Segment | 979 | 979 | 1,542 | |||||
Total liabilities | 62,475 | 62,475 | 62,378 | |||||
Stockholders' equity | 5,684.9 | 4,958.8 | 5,684.9 | 4,958.8 | $ 5,520.5 | 5,356 | $ 5,011.6 | $ 4,962.6 |
Liabilities and Equity | 68,160 | 68,160 | 67,734 | |||||
Excess Funds Provided by (Used in) Segment Basis | 0 | 0 | 0 | |||||
Net interest income | 550.3 | 525 | 1,160.2 | 974.5 | ||||
Provision for Loan, Lease, and Other Losses | 21.8 | 27.5 | 41.2 | 36.5 | ||||
Net interest income (loss) after provision for credit losses | 528.5 | 497.5 | 1,119 | 938 | ||||
Noninterest Income | 119 | (95) | (61) | (201.3) | ||||
Non-interest expense | (387.4) | (268.9) | (735.3) | (517.5) | ||||
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest | 260.1 | 323.6 | 444.7 | 621.8 | ||||
Income tax expense (benefit) | 44.4 | 63.4 | 86.8 | 121.5 | ||||
Net income | 215.7 | 260.2 | 357.9 | 500.3 | ||||
Operating Segments [Member] | Commercial Segment | ||||||||
Operating Statistics [Line Items] | ||||||||
Cash, Cash Equivalents and Investment Securities | 13 | 13 | 12 | |||||
Loans Receivable Held-for-sale, Amount | 1,049 | 1,049 | 0 | |||||
Loans and Leases Receivable, Net of Deferred Income | 28,139 | 28,139 | 31,414 | |||||
Less: Allowance for credit losses | 269 | 269 | 262 | |||||
Loans, net | 27,870 | 27,870 | 31,152 | |||||
Other Repossessed Assets | 11 | 11 | 11 | |||||
Goodwill and intangible assets, net | 293 | 293 | 293 | |||||
Other Assets Segment | 567 | 567 | 435 | |||||
Assets | 29,803 | 29,803 | 31,903 | |||||
Deposits | 21,460 | 21,460 | 29,494 | |||||
Other borrowings | 6 | 6 | 27 | |||||
Other Liabilities Segment | 70 | 70 | 83 | |||||
Total liabilities | 21,536 | 21,536 | 29,604 | |||||
Stockholders' equity | 2,494 | 2,494 | 2,684 | |||||
Liabilities and Equity | 24,030 | 24,030 | 32,288 | |||||
Excess Funds Provided by (Used in) Segment Basis | 5,773 | 5,773 | (385) | |||||
Net interest income | 356.5 | 370.5 | 746 | 705.3 | ||||
Provision for Loan, Lease, and Other Losses | (18.2) | 32.7 | 15.6 | (33.2) | ||||
Net interest income (loss) after provision for credit losses | 338.3 | 337.8 | 730.4 | 672.1 | ||||
Noninterest Income | 30.8 | (18) | 65.9 | (34.9) | ||||
Non-interest expense | (147.7) | (115.9) | (283.6) | (230.4) | ||||
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest | 221.4 | 239.9 | 380.9 | 476.6 | ||||
Income tax expense (benefit) | 43.4 | 57.3 | 81.9 | 113.4 | ||||
Net income | 178 | 182.6 | 299 | 363.2 | ||||
Operating Segments [Member] | Consumer Related Segment | ||||||||
Operating Statistics [Line Items] | ||||||||
Cash, Cash Equivalents and Investment Securities | 150 | 150 | 0 | |||||
Loans Receivable Held-for-sale, Amount | 2,107 | 2,107 | 1,184 | |||||
Loans and Leases Receivable, Net of Deferred Income | 19,736 | 19,736 | 20,448 | |||||
Less: Allowance for credit losses | 52 | 52 | 48 | |||||
Loans, net | 19,684 | 19,684 | 20,400 | |||||
Other Repossessed Assets | 0 | 0 | 0 | |||||
Goodwill and intangible assets, net | 381 | 381 | 387 | |||||
Other Assets Segment | 1,693 | 1,693 | 2,180 | |||||
Assets | 24,015 | 24,015 | 24,151 | |||||
Deposits | 22,380 | 22,380 | 18,492 | |||||
Other borrowings | 1,489 | 1,489 | 340 | |||||
Other Liabilities Segment | 173 | 173 | 656 | |||||
Total liabilities | 24,042 | 24,042 | 19,488 | |||||
Stockholders' equity | 1,715 | 1,715 | 1,691 | |||||
Liabilities and Equity | 25,757 | 25,757 | 21,179 | |||||
Excess Funds Provided by (Used in) Segment Basis | 1,742 | 1,742 | (2,972) | |||||
Net interest income | 204.8 | 219.4 | 404 | 402.7 | ||||
Provision for Loan, Lease, and Other Losses | 1.9 | (5.2) | 3.4 | 5.3 | ||||
Net interest income (loss) after provision for credit losses | 202.9 | 224.6 | 400.6 | 397.4 | ||||
Noninterest Income | (86.1) | (74.6) | (137.1) | (153.8) | ||||
Non-interest expense | (232.3) | (139.1) | (424.4) | (264.1) | ||||
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest | 56.7 | 160.1 | 113.3 | 287.1 | ||||
Income tax expense (benefit) | 11.2 | 38.1 | 24 | 68.5 | ||||
Net income | 45.5 | 122 | 89.3 | 218.6 | ||||
Corporate & Other | ||||||||
Operating Statistics [Line Items] | ||||||||
Cash, Cash Equivalents and Investment Securities | 12,364 | 12,364 | 9,791 | |||||
Loans Receivable Held-for-sale, Amount | 0 | 0 | 0 | |||||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | 0 | |||||
Less: Allowance for credit losses | 0 | 0 | 0 | |||||
Loans, net | 0 | 0 | 0 | |||||
Other Repossessed Assets | 0 | 0 | 0 | |||||
Goodwill and intangible assets, net | 0 | 0 | 0 | |||||
Other Assets Segment | 1,978 | 1,978 | 1,889 | |||||
Assets | 14,342 | 14,342 | 11,680 | |||||
Deposits | 7,201 | 7,201 | 5,658 | |||||
Other borrowings | 8,960 | 8,960 | 6,825 | |||||
Other Liabilities Segment | 736 | 736 | 803 | |||||
Total liabilities | 16,897 | 16,897 | 13,286 | |||||
Stockholders' equity | 1,476 | 1,476 | 981 | |||||
Liabilities and Equity | 18,373 | 18,373 | 14,267 | |||||
Excess Funds Provided by (Used in) Segment Basis | (4,031) | (4,031) | $ (2,587) | |||||
Net interest income | (11) | (64.9) | 10.2 | (133.5) | ||||
Provision for Loan, Lease, and Other Losses | 1.7 | 0 | 22.2 | (2) | ||||
Net interest income (loss) after provision for credit losses | (12.7) | (64.9) | (12) | (131.5) | ||||
Noninterest Income | (2.1) | (2.4) | 10.2 | (12.6) | ||||
Non-interest expense | (7.4) | (13.9) | (27.3) | (23) | ||||
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest | (18) | (76.4) | (49.5) | (141.9) | ||||
Income tax expense (benefit) | (10.2) | (32) | (19.1) | (60.4) | ||||
Net income | $ (7.8) | $ (44.4) | $ (30.4) | $ (81.5) |
Revenue from Contracts with Cus
Revenue from Contracts with Customers (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Disaggregation of Revenue [Line Items] | ||||
Service charges and fees | $ 20.8 | $ 7.6 | $ 30.3 | $ 14.6 |
Noninterest Income | (119) | 95 | 61 | 201.3 |
Revenue from Contracts with Customers | 24.3 | 11.3 | 38.3 | 25.6 |
Operating Segments [Member] | Commercial Segment | ||||
Disaggregation of Revenue [Line Items] | ||||
Noninterest Income | (30.8) | 18 | (65.9) | 34.9 |
Operating Segments [Member] | Consumer Related Segment | ||||
Disaggregation of Revenue [Line Items] | ||||
Noninterest Income | 86.1 | 74.6 | 137.1 | 153.8 |
Corporate & Other | ||||
Disaggregation of Revenue [Line Items] | ||||
Noninterest Income | $ 2.1 | $ 2.4 | $ (10.2) | $ 12.6 |
Business Combinations (Details)
Business Combinations (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jan. 25, 2022 | Apr. 07, 2021 | Jun. 30, 2022 | Jun. 30, 2022 | |
Business Combinations [Abstract] | ||||
Business Acquisition, Effective Date of Acquisition | Jan. 25, 2022 | |||
Business Combination, Consideration Transferred | $ 57 | $ 1,918.4 | ||
Business Acquisition [Line Items] | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 20.1 | 141 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Eligible for Repurchase | 2,744.7 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents | 0.6 | 207.2 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Held for Sale | 3,552.9 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Servicing Assets | 1,347 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment | 11.3 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Operating Right of use Asset | 18.9 | |||
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Assets | 6.6 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets | 0.1 | 236 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | 20.8 | 8,265.6 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt | 3,633.9 | |||
Business Combination, Recognized Identifiable Asset Acquired and Liability Assumed, Lease Obligation | 18.9 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liability for Loans Eligible for Repurchase | 2,744.7 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other | 0.4 | 149.5 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | 0.4 | 6,547 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net | 20.4 | 1,718.6 | ||
Payments to Acquire Businesses, Gross | 50.6 | 1,231.6 | ||
Goodwill | $ 36.6 | 199.8 | ||
Business Acquisition, Effective Date of Acquisition | Jan. 25, 2022 | |||
Business Combination, Consideration Transferred | $ 57 | 1,918.4 | ||
Business Combination, Elimination of Pre-existing debt and other | 686.8 | |||
Business Acquisition, Pro Forma Revenue | $ 442.8 | |||
Business Acquisition, Pro Forma Non-interest Income | 122.8 | |||
Business Acquisition, Pro Forma Net Income (Loss) | $ 236.9 | |||
Acquisition and restructure expenses | $ 0.4 | |||
Business Acquisition, Goodwill, Expected Tax Deductible Amount | $ 185 | |||
Business Combination, Contingent Consideration, Liability | 6.4 | |||
Customer Relationships | ||||
Business Acquisition [Line Items] | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | $ 15.7 | |||
Finite-Lived Intangible Asset, Useful Life | 7 years | |||
Developed Technology Rights | ||||
Business Acquisition [Line Items] | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | $ 4.1 | |||
Finite-Lived Intangible Asset, Useful Life | 5 years | |||
Trade Names | ||||
Business Acquisition [Line Items] | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | $ 0.3 | |||
Finite-Lived Intangible Asset, Useful Life | 10 years |
Subsequent Events (Details)
Subsequent Events (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | |
Sep. 30, 2023 | Jun. 30, 2023 | Dec. 31, 2022 | |
Subsequent Event [Line Items] | |||
Financing Receivable, Sale | $ 1,100 | ||
Subsequent Event [Member] | |||
Subsequent Event [Line Items] | |||
Financing Receivable, Sale | $ 2,000 | ||
Credit Linked Notes Maturing June 2028 | |||
Subsequent Event [Line Items] | |||
Debt Instrument, Face Amount | $ 300 | ||
Credit Linked Notes Maturing June 2028 | Subsequent Event [Member] | |||
Subsequent Event [Line Items] | |||
Debt Instrument, Face Amount | $ 0 |