Flagstar Financial (FLG) 10-K 25 Feb 22 2021 FY Annual report Financial data

Cover Page

Cover Page - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2021	Feb. 18, 2022	Jun. 30, 2021
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Document Period End Date	Dec. 31, 2021
Entity Central Index Key	0000910073
Current Fiscal Year End Date	--12-31
Entity Registrant Name	NEW YORK COMMUNITY BANCORP, INC.
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Well-known Seasoned Issuer	Yes
Entity Small Business	false
Entity Voluntary Filers	No
Entity Shell Company	false
Entity Public Float			$ 5
Entity Common Stock, Shares Outstanding		466,984,658
Entity Interactive Data Current	Yes
Entity File Number	1-31565
Entity Incorporation, State or Country Code	DE
City Area Code	516
Local Phone Number	683-4100
Entity Tax Identification Number	06-1377322
Entity Address, Address Line One	102 Duffy
Entity Address, City or Town	Hicksville
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	11801
ICFR Auditor Attestation Flag	true
Documents Incorporated by Reference	Portions of the definitive Proxy Statement for the Annual Meeting of Shareholders to be held on June 1, 2022 are incorporated by reference into Part III.
Auditor Name	KPMG LLP
Auditor Location	New York, New York
Auditor Firm ID	185
Common Stock
Document Information [Line Items]
Title of 12(b) Security	Common Stock
Trading Symbol	NYCB
Security Exchange Name	NYSE
Bifurcated Option Note Unit SecuritiES
Document Information [Line Items]
Title of 12(b) Security	Bifurcated Option Note Unit SecuritiES
Trading Symbol	NYCB PU
Security Exchange Name	NYSE
Fixed-to-Floating Rate Series A Noncumulative Perpetual Preferred Stock
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares each representing
Trading Symbol	NYCB PA
Security Exchange Name	NYSE

Consolidated Statements of Cond

Consolidated Statements of Condition - USD ($) $ in Millions		Dec. 31, 2021		Dec. 31, 2020
ASSETS:
Cash and cash equivalents		$ 2,211		$ 1,948
Securities:
Debt securities available-for-sale ($1,168 and $1,278 pledged at December 31, 2021 and 2020, respectively)		5,780		5,813
Equity investments with readily determinable fair values, at fair value		16		32
Total securities		5,796	[1]	5,845	[2]
Loans held for sale	[3]			117
Loans and leases held for investment, net of deferred loan fees and costs		45,738		42,884
Less: Allowance for credit losses on loans and leases		(199)		(194)
Total loans and leases, net		45,539		42,807
Federal Home Loan Bank stock, at cost	[4]	734		714
Premises and equipment, net		270		287
Operating lease right-of-use assets		249		267
Goodwill		2,426		2,426
Bank-owned life insurance		1,184		1,164
Other real estate owned and other repossessed assets		8		8
Other assets		1,110		840
Total assets		59,527		56,306
Deposits:
Interest-bearing checking and money market accounts		13,209		12,610
Savings accounts		8,892		6,416
Certificates of deposit		8,424		10,331
Non-interest-bearing accounts		4,534		3,080
Total deposits		35,059		32,437
Wholesale borrowings:
Federal Home Loan Bank advances		15,105		14,628
Repurchase agreements		800		800
Total wholesale borrowings		15,905		15,428
Junior subordinated debentures		361		360
Subordinated notes		296		296
Total borrowed funds		16,562		16,084
Operating lease liabilities		249		267
Other liabilities		613		676
Total liabilities		52,483		49,464
Stockholders’ equity:
Preferred stock at par $0.01 (5,000,000 shares authorized): Series A (515,000 shares issued and outstanding)		503		503
Common stock at par $0.01 (900,000,000 shares authorized; 490,439,070 and 490,439,070 shares issued; and 465,015,643 and 463,901,808 shares outstanding, respectively)		5		5
Paid-in capital in excess of par		6,126		6,123
Retained earnings		741		494
Treasury stock, at cost (25,423,427 and 26,537,262 shares, respectively)		(246)		(258)
Accumulated other comprehensive loss, net of tax:
Net unrealized (loss) gain on securities available for sale, net of tax of $17 and $(25), respectively		(45)		67
Net unrealized loss on pension and post-retirement obligations, net of tax of $12 and $22 respectively		(31)		(59)
Net unrealized loss on cash flow hedges, net of tax of $3 and $13, respectively		(9)		(33)
Total accumulated other comprehensive loss, net of tax		(85)		(25)
Total stockholders’ equity		7,044		6,842
Total liabilities and stockholders’ equity		$ 59,527		$ 56,306
[1]	Excludes accrued interest receivable of $ 15 million included in other assets in the Consolidated Statements of Condition.
[2]	Excludes accrued interest receivable of $ 15 million included in other assets in the Consolidated Statements of Condition.
[3]	Includes deferred loan origination fees of $ 2 million.
[4]	Carryin g value and estimated fair value are at cost.

Consolidated Statements of Co_2

Consolidated Statements of Condition (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Statement Of Financial Position [Abstract]
Securities Available-for-sale, pledged	$ 1,168,000	$ 1,278,000
Preferred stock, par	$ 0.01	$ 0.01
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, Series A shares issued	515,000	515,000
Preferred stock, Series A shares outstanding	515,000	515,000
Common stock, par	$ 0.01	$ 0.01
Common stock, shares authorized	900,000,000	900,000,000
Common stock, shares issued	490,439,070	490,439,070
Common stock, shares outstanding	465,015,643	463,901,808
Treasury stock, shares	25,423,427	26,537,262
Net unrealized gain (loss) on securities available for sale, tax	$ 17	$ (25)
Net unrealized loss on pension and post-retirement obligations, tax	12	22
Cash flow hedges tax component	$ 3	$ 13

Consolidated Statements of Inco

Consolidated Statements of Income and Comprehensive Income - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
INTEREST INCOME:
Loans and leases	$ 1,525	$ 1,542	$ 1,553
Securities and money market investments	164	166	252
Total interest income	1,689	1,708	1,805
INTEREST EXPENSE:
Interest-bearing checking and money market accounts	31	57	174
Savings accounts	28	32	36
Certificates of deposit	55	217	320
Borrowed funds	286	302	318
Total interest expense	400	608	848
Net interest income	1,289	1,100	957
Provision for credit losses	3	62	7
Net interest income after provision for credit loan losses	1,286	1,038	950
NON-INTEREST INCOME:
Fee income	23	22	29
Bank-owned life insurance	29	32	28
Net gain on securities		1	8
Other	9	6	19
Total non-interest income	61	61	84
Operating expenses:
Compensation and benefits	303	301	302
Occupancy and equipment	88	86	89
General and administrative	127	124	120
Total operating expenses	518	511	511
Merger-related expenses	23
Total non-interest expense	541	511	511
Income before income taxes	806	588	523
Income tax expense	210	77	128
Net income	596	511	395
Preferred stock dividends	33	33	33
Net income available to common shareholders	$ 563	$ 478	$ 362
Basic earnings per common share	$ 1.20	$ 1.02	$ 0.77
Diluted earnings per common share	$ 1.20	$ 1.02	$ 0.77
Net income	$ 596	$ 511	$ 395
Other comprehensive income (loss), net of tax:
Change in net unrealized gain (loss) on securities available for sale, net of tax of $42; $(16); and $(18), respectively	(112)	42	46
Change in pension and post-retirement obligations, net of tax of $x; $2 and $(2)	6	(5)	5
Change in net unrealized (loss) gain on cash flow hedges, net of tax of $(2); $16 and $-, respectively	23	(42)	1
Less: Reclassification adjustment for sales of available-for-sale securities, net of tax of $-; $-; and $2, respectively		(1)	(4)
Reclassification adjustment for defined benefit pension plan, net of tax of $(2); $(2) and $(2), respectively	5	5	7
Reclassification adjustment for net gain on cash flow hedges included in net income, net of tax $(7); $(3) and $-, respectively	18	8
Total other comprehensive income (loss), net of tax	(60)	7	55
Total comprehensive income, net of tax	$ 536	$ 518	$ 450

Consolidated Statements of In_2

Consolidated Statements of Income and Comprehensive Income (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Statement [Abstract]
Change in net unrealized gain (loss) on securities available for sale, tax	$ 42	$ (16)	$ (18)
Change in pension and post-retirement obligations, tax	(8)	2	(2)
Cash flow hedge, (loss) gain, reclassification, tax	(2)	16
Reclassification adjustment for sales of available-for-sale securities, tax			2
Reclassification adjustment for defined benefit pension plan, net of tax	(2)	(2)	$ (2)
Cash flow hedges tax component	$ (7)	$ (3)

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Millions	Total	Cumulative Effect, Period of Adoption, Adjustment		Adjusted Balance	Common Stock (Par Value: $0.01)	Preferred Stock (Par Value: $0.01)	Paid-in Capital in Excess of Par	Retained Earnings	Retained EarningsCumulative Effect, Period of Adoption, Adjustment		Retained EarningsAdjusted Balance	Treasury Stock, at Cost	Accumulated Other Comprehensive Loss, Net of Tax
Balance at Dec. 31, 2018	$ 6,655				$ 5	$ 503	$ 6,100	$ 297				$ (162)	$ (88)
Balance, shares at Dec. 31, 2018					473,536,604
Shares issued for restricted stock, net of forfeitures							(17)					17
Shares issued for restricted stock, net of forfeitures, shares					1,665,028
Compensation expense related to restricted stock awards	32						32
Net income	395							395
Dividends paid on common stock ($0.68)	(317)							(317)
Dividends paid on preferred stock ($63.76)	(33)							(33)
Purchase of common stock	(75)							0				(75)
Purchase of common stock, shares					(7,854,851)
Other comprehensive income (loss), net of tax	55												55
Balance at Dec. 31, 2019	$ 6,712	$ (10)	[1]	$ 6,702	$ 5	503	6,115	342	$ (10)	[1]	$ 332	(220)	(33)
Balance, shares at Dec. 31, 2019					467,346,781
Accounting Standards Update [Extensible List]	Accounting Standards Update 2016-13	Accounting Standards Update 2016-13							Accounting Standards Update 2016-13
Shares issued for restricted stock, net of forfeitures							(22)					22
Shares issued for restricted stock, net of forfeitures, shares					2,321,105
Compensation expense related to restricted stock awards	$ 30						30
Net income	511							511
Dividends paid on common stock ($0.68)	(316)							(316)
Dividends paid on preferred stock ($63.76)	(33)							(33)
Purchase of common stock	(60)											(60)
Purchase of common stock, shares					(5,766,078)
Other comprehensive income (loss), net of tax	8												8
Balance at Dec. 31, 2020	6,842				$ 5	503	6,123	494				(258)	(25)
Balance, shares at Dec. 31, 2020					463,901,808
Shares issued for restricted stock, net of forfeitures							(28)					28
Shares issued for restricted stock, net of forfeitures, shares					2,515,942
Compensation expense related to restricted stock awards	31						31
Net income	596							596
Dividends paid on common stock ($0.68)	(316)							(316)
Dividends paid on preferred stock ($63.76)	(33)							(33)
Purchase of common stock	(16)											(16)
Purchase of common stock, shares					(1,402,107)
Other comprehensive income (loss), net of tax	(60)												(60)
Balance at Dec. 31, 2021	$ 7,044				$ 5	$ 503	$ 6,126	$ 741				$ (246)	$ (85)
Balance, shares at Dec. 31, 2021					465,015,643
[1]	Amount represents a $ 10 million cumulative adjustment, net of tax, to retained earnings as of January 1, 2020, as a result of the adoption of ASU 2016-13 , Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which became effective January 1, 2020.

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Balance		$ 6,842	$ 6,712	$ 6,655
Accounting Standards Update [Extensible List]			Accounting Standards Update 2016-13
Cumulative Effect, Period of Adoption, Adjustment
Balance	[1]		$ (10)
Accounting Standards Update [Extensible List]			Accounting Standards Update 2016-13
Common Stock (Par Value: $0.01)
Dividends paid on common stock, per share		$ 0.68	$ 0.68	$ 0.68
Balance		$ 5	$ 5	$ 5
Preferred Stock (Par Value: $0.01)
Dividends paid on preferred stock, per share		$ 63.76	$ 63.76	$ 63.76
Balance		$ 503	$ 503	$ 503
Retained Earnings
Balance		$ 494	342	$ 297
Retained Earnings | Cumulative Effect, Period of Adoption, Adjustment
Balance	[1]		$ (10)
Accounting Standards Update [Extensible List]			Accounting Standards Update 2016-13
[1]	Amount represents a $ 10 million cumulative adjustment, net of tax, to retained earnings as of January 1, 2020, as a result of the adoption of ASU 2016-13 , Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which became effective January 1, 2020.

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income		$ 596	$ 511	$ 395
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses		3	62	7
Depreciation		21	24	27
Amortization of discounts and premiums, net		(5)	11	8
Net (gain) loss on securities			(2)	(8)
Net loss (gain) on sales of loans		(1)
Net gain on sales of fixed assets				(8)
Stock-based compensation		31	29	32
Deferred tax expense		(13)	219	101
Changes in operating assets and liabilities:
(Increase) decrease in other assets	[1]	(284)	(411)	(56)
Increase (decrease) in other liabilities	[2]	(6)	9	11
Purchases of securities held for trading		(110)	(15)	(43)
Proceeds from sales of securities held for trading		110	15	43
Origination of loans held for sale		(52)	(119)
Net cash provided by operating activities		290	334	510
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from repayment of securities available for sale		1,728	2,062	1,962
Proceeds from sales of securities available for sale			484	361
Purchase of securities available for sale		(1,796)	(2,514)	(2,503)
Redemption of Federal Home Loan Bank stock		92	173	136
Purchases of Federal Home Loan Bank stock		(112)	(239)	(139)
Proceeds from (purchases of) bank-owned life insurance, net		12	12	(138)
Proceeds from sales of loans		37	3	115
Purchases of loans		(161)	(95)	(864)
Other changes in loans, net		(2,558)	(912)	(998)
Dispositions (purchases) of premises and equipment, net		(4)	1	9
Net cash used in investing activities		(2,762)	(1,025)	(2,059)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase in deposits		2,622	780	893
Net increase in short-term borrowed funds		950	1,150	1,100
Proceeds from long-term borrowed funds		2,072	6,925	4,786
Repayments of long-term borrowed funds		(2,544)	(6,550)	(5,538)
Cash dividends paid on common stock		(316)	(316)	(317)
Cash dividends paid on preferred stock		(33)	(33)	(33)
Treasury stock repurchased			(50)	(67)
Payments relating to treasury shares received for restricted stock award tax payments		(16)	(9)	(8)
Net cash provided by financing activities		2,735	1,897	816
Net increase (decrease) in cash, cash equivalents, and restricted cash		263	1,206	(733)
Cash, cash equivalents, and restricted cash at beginning of year		1,948	742	1,475
Cash, cash equivalents, and restricted cash at end of year		2,211	1,948	742
Supplemental information:
Cash paid for interest		402	633	813
Cash paid for income taxes		471	118	76
Non-cash investing and financing activities:
Transfers to repossessed assets from loans		1	1	5
Operating lease liabilities arising from obtaining right-of-use assets as of January 1, 2019				324
Securitization of residential mortgage loans to mortgage-backed securities available for sale		161	53	94
Transfer of loans from held for investment to held for sale		52		115
Transfer of loans from held for sale to held for investment		94
Disposition of premises and equipment				1
Shares issued for restricted stock awards		$ 28	$ 22	$ 17
[1]	Includes $ 18 million, $ 20 million, and $ 38 million of net amortization of operating lease right-of-use assets for the twelve months ended December 31, 2021, December 31, 2020, and December 31, 2019, respectively.
[2]	Includes $ 18 million, $ 20 million, and $ 38 million of net amortization of operating lease liability for the twelve months ended December 31, 2021, December 31, 2020, and December 31, 2019, respectively.

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement Of Cash Flows [Abstract]
Net amortization of operating lease right-of-use assets	$ 18	$ 20	$ 38
Net amortization of operating lease liability	$ 18	$ 20	$ 38

Organization and Basis of Prese

Organization and Basis of Presentation	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Organization and Basis of Presentation	NOTE 1: ORGANIZATION AND BASIS OF PRESENTATION Organization New York Community Bancorp, Inc. (on a stand-alone basis, the “Parent Company” or, collectively with its subsidiaries, the “Company”) was organized under Delaware law on July 20, 1993 and is the holding company for New York Community Bank (hereinafter referred to as the “Bank”). Founded on April 14, 1859 and formerly known as Queens County Savings Bank, the Bank converted from a state-chartered mutual savings bank to the capital stock form of ownership on November 23, 1993, at which date the Company issued its initial offering of common stock (par value: $ 0.01 per share) at a price of $ 25.00 per share ( $ 0.93 per share on a split-adjusted basis, reflecting the impact of nine stock splits between 1994 and 2004 ). The Company currently operates 237 branches through eight local divisions, each with a history of service and strength: Queens County Savings Bank, Roslyn Savings Bank, Richmond County Savings Bank, Roosevelt Savings Bank, and Atlantic Bank in New York; Garden State Community Bank in New Jersey; Ohio Savings Bank in Ohio; and AmTrust Bank in Arizona and Florida. Basis of Presentation The following is a description of the significant accounting and reporting policies that the Company and its subsidiaries follow in preparing and presenting their consolidated financial statements, which conform to U.S. generally accepted accounting principles (“GAAP”) and to general practices within the banking industry. The preparation of financial statements in conformity with GAAP requires the Company to make estimates and judgments that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Estimates that are used in connection with the determination of the allowance for loan and lease losses. The accompanying consolidated financial statements include the accounts of the Company and other entities in which the Company has a controlling financial interest. All inter-company accounts and transactions are eliminated in consolidation. The Company currently has certain unconsolidated subsidiaries in the form of wholly-owned statutory business trusts, which were formed to issue guaranteed capital securities. See Note 9, “Borrowed Funds,” for additional information regarding these trusts. When necessary, certain reclassifications have been made to prior-year amounts to conform to the current-year presentation. Dollar amounts are presented in millions, as compared to prior year filings which were presented in thousands of dollars.

Summary Of Significant Accounti

Summary Of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Summary Of Significant Accounting Policies	NOTE 2: SUMMARY OF SIGNIF ICANT ACCOUNTING POLICIES Cash and Cash Equivalents For cash flow reporting purposes, cash and cash equivalents include cash on hand, amounts due from banks, and money market investments, which include federal funds sold and reverse repurchase agreements. At December 31, 2021 and 2020 , the Company’s cash and cash equivalents totaled $ 2.2 billion and $ 1.9 billion, respectively. Included in cash and cash equivalents at those dates were $ 1.7 billion and $ 1.6 billion, respectively, of interest-bearing deposits in other financial institutions, primarily consisting of balances due from the FRB-NY. There were no federal funds sold outstanding at December 31, 2021 or December 31, 2020 . There was $ 406 million of reverse repurchase agreements outstanding at December 31, 2021 . There was $ 193 million reverse repurchase agreements outstanding at December 31, 2020 . Debt Securities and Equity Investments with Readily Determinable Fair Values The securities portfolio primarily consists of mortgage-related securities and, to a lesser extent, debt and equity securities. Securities that are classified as “available for sale” are carried at their estimated fair value, with any unrealized gains or losses, net of taxes, reported as accumulated other comprehensive income or loss in stockholders’ equity. Securities that the Company has the intent and ability to hold to maturity are classified as “held to maturity” and carried at amortized cost. The fair values of our securities—and particularly our fixed-rate securities—are affected by changes in market interest rates and credit spreads. In general, as interest rates rise and/or credit spreads widen, the fair value of fixed-rate securities will decline. As interest rates fall and/or credit spreads tighten, the fair value of fixed-rate securities will rise. The Company evaluates available-for-sale debt securities in unrealized loss positions at least quarterly to determine if an allowance for credit losses is required. Based on an evaluation of available information about past events, current conditions, and reasonable and supportable forecasts that are relevant to collectability, the Company has concluded that it expects to receive all contractual cash flows from each security held in its available-for-sale securities portfolio. The Company first assess whether (i) it intends to sell, or (ii) it is more likely than not that the Company will be required to sell the security before recovery of its amortized cost basis. If either of these criteria is met, any previously recognized allowances are charged off and the security’s amortized cost basis is written down to fair value through income. If neither of the aforementioned criteria are met, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an allowance for credit losses is recognized in other comprehensive income. Management has made the accounting policy election to exclude accrued interest receivable on available-for-sale securities from the estimate of credit losses. Available-for-sale debt securities are placed on non-accrual status when the Company no longer expects to receive all contractual amounts due, which is generally at 90 days past due. Accrued interest receivable is reversed against interest income when a security is placed on non-accrual status. Equity investments with readily determinable fair values are measured at fair value with changes in fair value recognized in net income. Premiums and discounts on securities are amortized to expense and accreted to income over the remaining period to contractual maturity using a method that approximates the interest method, and are adjusted for anticipated prepayments. Dividend and interest income are recognized when earned. The cost of securities sold is based on the specific identification method. Federal Home Loan Bank Stock As a member of the FHLB-NY, the Company is required to hold shares of FHLB-NY stock, which is carried at cost. The Company’s holding requirement varies based on certain factors, including its outstanding borrowings from the FHLB-NY. The Company conducts a periodic review and evaluation of its FHLB-NY stock to determine if any impairment exists. The factors considered in this process include, among others, significant deterioration in FHLB-NY earnings performance, credit rating, or asset quality; significant adverse changes in the regulatory or economic environment; and other factors that could raise significant concerns about the creditworthiness and the ability of the FHLB-NY to continue as a going concern. Loans Loans, net, are carried at unpaid principal balances, including unearned discounts, purchase accounting (i.e., acquisition-date fair value) adjustments, net deferred loan origination costs or fees, and the allowance for credit losses on loans. The Company recognizes interest income on loans using the interest method over the life of the loan. Accordingly, the Company defers certain loan origination and commitment fees, and certain loan origination costs, and amortizes the net fee or cost as an adjustment to the loan yield over the term of the related loan. When a loan is sold or repaid, the remaining net unamortized fee or cost is recognized in interest income. Prepayment income on loans is recorded in interest income and only when cash is received. Accordingly, there are no assumptions involved in the recognition of prepayment income. Two factors are considered in determining the amount of prepayment income: the prepayment penalty percentage set forth in the loan documents, and the principal balance of the loan at the time of prepayment. The volume of loans prepaying may vary from one period to another, often in connection with actual or perceived changes in the direction of market interest rates. When interest rates are declining, rising precipitously, or perceived to be on the verge of rising, prepayment income may increase as more borrowers opt to refinance and lock in current rates prior to further increases taking place. A loan generally is classified as a “non-accrual” loan when it is 90 days or more past due or when it is deemed to be impaired because the Company no longer expects to collect all amounts due according to the contractual terms of the loan agreement. When a loan is placed on non-accrual status, management ceases the accrual of interest owed, and previously accrued interest is charged against interest income. A loan is generally returned to accrual status when the loan is current and management has reasonable assurance that the loan will be fully collectible. Interest income on non-accrual loans is recorded when received in cash. Allowance for Credit Losses on Loans and Leases The Company’s January 1, 2020, adoption of ASU No. 2016-13, “Measurement of Credit Losses on Financial Instruments,” resulted in a significant change to our methodology for estimating the allowance since December 31, 2019. ASU No. 2016-13 replaces the incurred loss methodology with an expected loss methodology that is referred to as the CECL methodology. The measurement of expected credit losses under CECL is applicable to financial assets measured at amortized cost, including loan receivables. It also applies to off-balance sheet exposures not accounted for as insurance and net investments in leases accounted for under ASC Topic 842. At December 31, 2020, the allowance for loan and lease losses totaled $ 194 million. On January 1, 2020, the Company adopted the CECL methodology under ASU Topic 326 and recognized an increase in the ACL on loans and leases of $ 2 million as a “Day 1” transition adjustment from changes in methodology, with a corresponding decrease in retained earnings. Separately, at December 31, 2019, the Company had an allowance for unfunded commitments of $ 1 million. Upon adoption, the Company recognized an increase in the allowance for unfunded commitments of $ 13 million as a “Day 1” transition adjustment with a corresponding decrease in retained earnings. The allowance for credit losses on loans and leases is deducted from the amortized cost basis of a financial asset or a group of financial assets so that the balance sheet reflects the net amount the Company expects to collect. Amortized cost is the unpaid loan balance, net of deferred fees and expenses, and includes negative escrow. Subsequent changes (favorable and unfavorable) in expected credit losses are recognized immediately in net income as a credit loss expense or a reversal of credit loss expense. Management estimates the allowance by projecting and multiplying together the probability-of-default, loss-given-default and exposure-at-default depending on economic parameters for each month of the remaining contractual term. Economic parameters are developed using available information relating to past events, current conditions, economic forecasts, and macroeconomic assumptions. The Company’s economic parameters are forecast over a reasonable and supportable period of 24 months, and afterwards reverts to a historical average loss rate on a straight line basis over a 12 month period. Historical credit experience over the observation period provides the basis for the estimation of expected credit losses, with qualitative adjustments made for differences in current loan-specific risk characteristics such as differences in underwriting standards, portfolio mix, delinquency levels and terms, as well as for changes in environmental conditions, such as changes in legislation, regulation, policies, administrative practices or other relevant factors. Expected credit losses are estimated over the contractual term of the loans, adjusted for forecasted prepayments when appropriate. The contractual term excludes potential extensions or renewals. The methodology used in the estimation of the allowance for credit losses on loans and leases, which is performed at least quarterly, is designed to be dynamic and responsive to changes in portfolio credit quality and forecasted economic conditions. Each quarter the Company reassesses the appropriateness of the reasonable and supportable forecasting period, the reversion period and historical mean at the portfolio segment level, considering any required adjustments for differences in underwriting standards, portfolio mix, and other relevant data shifts over time. The allowance for credit losses on loans and leases is measured on a collective (pool) basis when similar risk characteristics exist. The portfolio segment represents the level at which a systematic methodology is applied to estimate credit losses. Management believes the products within each of the entity’s portfolio segments exhibit similar risk characteristics. Smaller pools of homogenous financing receivables with homogeneous risk characteristics were modeled using the methodology selected for the portfolio segment. The macroeconomic data used in the quantitative models are based on a reasonable and supportable forecast period of 24 months. The Company leverages economic projections including property market and prepayment forecasts from established independent third parties to inform its loss drivers in the forecast. Beyond this forecast period, the Company reverts to a historical average loss rate. This reversion to the historical average loss rate is performed on a straight-line basis over 12 months. Loans that do not share risk characteristics are evaluated on an individual basis. These include loans that are in nonaccrual status with balances above management determined materiality thresholds depending on loan class and also loans that are designated as TDR or “reasonably expected TDR” (criticized, classified, or maturing loans that will have a modification processed within the next three months). In addition, all taxi medallion loans are individually evaluated. If a loan is determined to be collateral dependent, or meets the criteria to apply the collateral dependent practical expedient, expected credit losses are determined based on the fair value of the collateral at the reporting date, less costs to sell as appropriate. The Company maintains an allowance for credit losses on off-balance sheet credit exposures. The Company estimates expected credit losses over the contractual period in which the Company is exposed to credit risk via a contractual obligation to extend credit, unless that obligation is unconditionally cancellable by the Company. The allowance for credit losses on off-balance sheet credit exposures is adjusted as a provision for credit losses expense. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over their estimated life. The Company examined historical credit conversion factor (“CCF”) trends to estimate utilization rates, and chose an appropriate mean CCF based on both management judgment and quantitative analysis. Quantitative analysis involved examination of CCFs over a range of fund-up windows (between 12 and 36 months) and comparison of the mean CCF for each fund-up window with management judgment determining whether the highest mean CCF across fund-up windows made business sense. The Company applies the same standards and estimated loss rates to the credit exposures as to the related class of loans. Allowance for Loan and Lease Losses - 2019 At December 31, 2019, the methodology used for the computation of the allowance for loan and lease losses the Bank segregated their loss factors (used for both criticized and non-criticized loans) into a component that was primarily based on historical loss rates and a component that was primarily based on other qualitative factors that are probable to affect loan collectability. In determining the allowance for loan and lease losses, management considers the Bank’s current business strategies and credit processes, including compliance with applicable regulatory guidelines and with guidelines approved by the Boards of Directors with regard to credit limitations, loan approvals, underwriting criteria, and loan workout procedures. The allowance for loan and lease losses is established based on management’s evaluation of incurred losses in the portfolio in accordance with GAAP, and is comprised of both specific valuation allowances and a general valuation allowance. Specific valuation allowances are established based on management’s analyses of individual loans that are considered impaired. If a loan is deemed to be impaired, management measures the extent of the impairment and establishes a specific valuation allowance for that amount. A loan is classified as impaired when, based on current information and/or events, it is probable that the Company will be unable to collect all amounts due under the contractual terms of the loan agreement. The Company applies this classification as necessary to loans individually evaluated for impairment in our portfolios. Smaller-balance homogenous loans and loans carried at the lower of cost or fair value are evaluated for impairment on a collective, rather than individual, basis. Loans to certain borrowers who have experienced financial difficulty and for which the terms have been modified, resulting in a concession, are considered TDRs and are classified as impaired. The Company primarily measures impairment on an individual loan and determine the extent to which a specific valuation allowance is necessary by comparing the loan’s outstanding balance to either the fair value of the collateral, less the estimated cost to sell, or the present value of expected cash flows, discounted at the loan’s effective interest rate. Generally, when the fair value of the collateral, net of the estimated cost to sell, or the present value of the expected cash flows is less than the recorded investment in the loan, any shortfall is promptly charged off. An allowance for unfunded commitments is maintained separate from the allowance for loan and lease losses and is included in Other liabilities in the Consolidated Statements of Condition. Goodwill The Company adopted, on a prospective basis, ASU No. 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment on January 1, 2020. The Company has significant intangible assets related to goodwill and as of December 31, 2021, the Company had goodwill of $ 2.4 billion. In connection with its acquisitions, the assets acquired and liabilities assumed are recorded at their estimated fair values. Goodwill represents the excess of the purchase price of its acquisitions over the fair value of identifiable net assets acquired, including other identified intangible assets. The Company tests goodwill for impairment at the reporting unit level. The Company has identified one reporting unit which is the same as its operating segment and reportable segment. If the Company changes its strategy or if market conditions shift, its judgments may change, which may result in adjustments to the recorded goodwill balance. The Company performs its goodwill impairment test in the fourth quarter of each year, or more often if events or circumstances warrant. For annual goodwill impairment testing, the Company has the option to first perform a qualitative assessment to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount, including goodwill and other intangible assets. If the Company concludes that this is the case, it would compare the fair value the reporting unit with its carrying amount and recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value. The loss recognized, however, would not exceed the total amount of goodwill allocated to that reporting unit. Additionally, the Company would consider income tax effects from any tax deductible goodwill on the carrying amount of the reporting unit when measuring the goodwill impairment loss, if applicable. As of December 31, 2021, the Company’s goodwill was no t impaired. Premises and Equipment, Net Premises, furniture, fixtures, and equipment are carried at cost, less the accumulated depreciation computed on a straight-line basis over the estimated useful lives of the respective assets (generally 20 years for premises and three to ten years for furniture, fixtures, and equipment). Leasehold improvements are carried at cost less the accumulated amortization computed on a straight-line basis over the shorter of the related lease term or the estimated useful life of the improvement. Depreciation is included in “Occupancy and equipment expense” in the Consolidated Statements of Income and Comprehensive Income, and amounted to $ 21 million, $ 24 million, and $ 27 million, respectively, in the years ended December 31, 2021, 2020, and 2019 . Bank-Owned Life Insurance The Company has purchased life insurance policies on certain employees. These BOLI policies are recorded in the Consolidated Statements of Condition at their cash surrender value. Income from these policies and changes in the cash surrender value are recorded in “Non-interest income” in the Consolidated Statements of Income and Comprehensive Income. At December 31, 2021 and 2020, the Company’s investment in BOLI was $ 1.2 billion. The Company’s investment in BOLI generated income of $ 29 million, $ 32 million, and $ 28 million, respectively, during the years ended December 31, 2021, 2020, and 2019 . Repossessed Assets and OREO Repossessed assets consist of any property or other assets acquired through, or in lieu of, foreclosure are sold or rented, and are recorded at fair value, less the estimated selling costs, at the date of acquisition. Following foreclosure, management periodically performs a valuation of the asset, and the assets are carried at the lower of the carrying amount or fair value, less the estimated selling costs. Expenses and revenues from operations and changes in valuation, if any, are included in “General and administrative expense” in the Consolidated Statements of Income and Comprehensive Income. At December 31, 2021 , the Company had $ 3 million of OREO and $ 5 million of taxi medallions. At December 31, 2020 , the Company had $ 2 million of OREO and $ 7 million of taxi medallions. Income Taxes Income tax expense consists of income taxes that are currently payable and deferred income taxes. Deferred income tax expense is determined by recognizing deferred tax assets and liabilities for future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates that are expected to apply to taxable income in years in which those temporary differences are expected to be recovered or settled. The Company assesses the deferred tax assets and establishes a valuation allowance when realization of a deferred asset is not considered to be “more likely than not.” The Company considers its expectation of future taxable income in evaluating the need for a valuation allowance. The Company estimates income taxes payable based on the amount it expects to owe the various tax authorities (i.e., federal, state, and local). Income taxes represent the net estimated amount due to, or to be received from, such tax authorities. In estimating income taxes, management assesses the relative merits and risks of the appropriate tax treatment of transactions, taking into account statutory, judicial, and regulatory guidance in the context of the Company’s tax position. In this process, management also relies on tax opinions, recent audits, and historical experience. Although the Company uses the best available information to record income taxes, underlying estimates and assumptions can change over time as a result of unanticipated events or circumstances such as changes in tax laws and judicial guidance influencing its overall tax position. Derivative Instruments and Hedging Activities The Company records all derivatives on the balance sheet at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings effect of the hedged forecasted transactions in a cash flow hedge. The Company may enter into derivative contracts that are intended to economically hedge certain of its risks, even though hedge accounting does not apply or the Company elects not to apply hedge accounting. Stock-Based Compensation Under the New York Community Bancorp, Inc. 2020 Omnibus Incentive Plan (the “2020 Incentive Plan”), which was approved by the Company’s shareholders at its Annual Meeting on June 3, 2020, shares are available for grant as restricted stock or other forms of related rights. At December 31, 2021 , the Company had 8,548,783 shares available for grant under the 2020 Incentive Plan. Compensation cost related to restricted stock grants is recognized on a straight-line basis over the vesting period. For a more detailed discussion of the Company’s stock-based compensation, see Note 15, “Stock-Related Benefit Plans.” Retirement Plans The Company’s pension benefit obligations and post-retirement health and welfare benefit obligations, and the related costs, are calculated using actuarial concepts in accordance with GAAP. The measurement of such obligations and expenses requires that certain assumptions be made regarding several factors, most notably including the discount rate and the expected rate of return on plan assets. The Company evaluates these assumptions on an annual basis. Other factors considered by the Company in its evaluation include retirement patterns and mortality rates. Under GAAP, actuarial gains and losses, prior service costs or credits, and any remaining transition assets or obligations that have not been recognized under previous accounting standards must be recognized in AOCL until they are amortized as a component of net periodic benefit cost. Earnings per Common Share (Basic and Diluted) Basic EPS is computed by dividing the net income available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted EPS is computed using the same method as basic EPS, however, the computation reflects the potential dilution that would occur if outstanding in-the-money stock options were exercised and converted into common stock. Unvested stock-based compensation awards containing non-forfeitable rights to dividends paid on the Company’s common stock are considered participating securities, and therefore are included in the two-class method for calculating EPS. Under the two-class method, all earnings (distributed and undistributed) are allocated to common shares and participating securities based on their respective rights to receive dividends on the common stock. The Company grants restricted stock to certain employees under its stock-based compensation plan. Recipients receive cash dividends during the vesting periods of these awards, including on the unvested portion of such awards. Since these dividends are non-forfeitable, the unvested awards are considered participating securities and therefore have earnings allocated to them. The following table presents the Company’s computation of basic and diluted earnings per common share for the years ended December 31, 2021, 2020, and 2019: Years Ended December 31, (in millions, except share and per share amounts) 2021 2020 2019 Net income available to common stockholders $ 563 $ 478 $ 362 Less: Dividends paid on and earnings allocated ( 7 ) ( 6 ) ( 4 ) Earnings applicable to common stock $ 556 $ 472 $ 358 Weighted average common shares outstanding 463,865,661 462,605,341 465,380,010 Basic earnings per common share $ 1.20 $ 1.02 $ 0.77 Earnings applicable to common stock $ 556 $ 472 $ 358 Weighted average common shares outstanding 463,865,661 462,605,341 465,380,010 Potential dilutive common shares 767,058 676,061 283,322 Total shares for diluted earnings per common 464,632,719 463,281,402 465,663,332 Diluted earnings per common share and $ 1.20 $ 1.02 $ 0.77 Impact of Recent Accounting Pronouncements Recently Adopted Accounting Standards The Company adopted ASU No. 2020-04 in the first quarter of 2020 upon issuance. The amendments provide optional expedients and exceptions for certain contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of rate reform. The guidance is effective from the date of issuance until December 31, 2022. If certain criteria are met, the amendments allow exceptions to the designation criteria of the hedging relationship and the assessment of hedge effectiveness during the transition period. To date, the guidance has not had a material impact on the Company’s Consolidated Statements of Condition, results of operations, or cash flows. The Company will continue to assess the impact as the reference rate transition occurs.

Reclassifications Out of Accumu

Reclassifications Out of Accumulated Other Comprehensive Loss	12 Months Ended
	Dec. 31, 2021
Reclassifications Of Accumulated Other Comprehensive Loss [Abstract]
Reclassifications Out of Accumulated Other Comprehensive Loss	NOTE 3: RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE LOSS (in millions) For the Twelve Months Ended December 31, 2021 Details about Amount (1) Affected Line Item in the Unrealized gains on available-for-sale $ - Net gain on securities - Income tax expense $ - Net gain on securities, net of tax Unrealized gains on cash flow hedges: $ ( 25 ) Interest expense 7 Income tax benefit $ ( 18 ) Net gain on cash flow hedges, net of tax Amortization of defined benefit pension Past service liability $ - Included in the computation of net periodic credit (2) Actuarial losses ( 7 ) Included in the computation of net periodic cost (2) ( 7 ) Total before tax 2 Income tax benefit $ ( 5 ) Amortization of defined benefit pension plan items, net of tax Total reclassifications for the period $ ( 23 ) (1) Amounts in parentheses indicate expense items. (2) See Note 14, “Employee Benefits,” for additional information.

Securities

Securities	12 Months Ended
	Dec. 31, 2021
Investments Debt And Equity Securities [Abstract]
Securities	NOTE 4: SECURITIES The following tables summarize the Company’s portfolio of debt securities available for sale and equity investments with readily determinable fair values at December 31, 2021 and 2020: December 31, 2021 (in millions) Amortized Gross Gross Fair Debt securities available-for-sale Mortgage-Related Debt Securities: GSE certificates $ 1,102 $ 20 $ 15 $ 1,107 GSE CMOs 1,717 11 45 1,683 Total mortgage-related debt securities $ 2,819 $ 31 $ 60 $ 2,790 Other Debt Securities: U. S. Treasury obligations $ 45 $ — $ — $ 45 GSE debentures 1,524 1 45 1,480 Asset-backed securities (1) 479 3 3 479 Municipal bonds 25 — — 25 Corporate bonds 821 18 1 838 Foreign notes 25 1 — 26 Capital trust notes 96 8 7 97 Total other debt securities $ 3,015 $ 31 $ 56 $ 2,990 Total debt securities available for sale $ 5,834 $ 62 $ 116 $ 5,780 Equity securities: Preferred stock — — — — Mutual funds 16 — — 16 Total equity securities $ 16 $ — $ — $ 16 Total securities (2) $ 5,850 $ 62 $ 116 $ 5,796 (1) The underlying assets of the asset-backed securities are substantially guaranteed by the U.S. Government.. (2) Excludes accrued interest receivable of $ 15 million included in other assets in the Consolidated Statements of Condition. December 31, 2020 (in millions) Amortized Gross Gross Fair Debt securities available-for-sale Mortgage-Related Debt Securities: GSE certificates $ 1,155 $ 54 $ — $ 1,209 GSE CMOs 1,787 45 3 1,829 Total mortgage-related debt securities $ 2,942 $ 99 $ 3 $ 3,038 Other Debt Securities: U. S. Treasury obligations $ 65 $ — $ — $ 65 GSE debentures 1,158 4 4 1,158 Asset-backed securities (1) 530 2 6 526 Municipal bonds 26 1 — 27 Corporate bonds 871 18 6 883 Foreign Notes 25 1 — 26 'Capital trust notes 96 6 11 91 Total other debt securities $ 2,771 $ 32 $ 27 $ 2,776 Total other securities available for sale $ 5,713 $ 131 $ 30 $ 5,814 Equity securities: Preferred stock 15 — — $ 15 Mutual funds 16 — — 16 Total equity securities $ 31 $ — $ — $ 31 Total securities (2) $ 5,744 $ 131 $ 30 $ 5,845 (1) The underlying assets of the asset-backed securities are substantially guaranteed by the U.S. Government. (2) Excludes accrued interest receivable of $ 15 million included in other assets in the Consolidated Statements of Condition. At December 31, 2021 and 2020 , respectively, the Company had $ 734 million and $ 714 million of FHLB-NY stock, at cost. The Company maintains an investment in FHLB-NY stock partly in conjunction with its membership in the FHLB and partly related to its access to the FHLB funding it utilizes. The following table summarizes the gross proceeds, gross realized gains, and gross realized losses from the sale of available-for-sale securities during the years ended December 31, 2021, 2020, and 2019: December 31, (in millions) 2021 2020 2019 Gross proceeds $ — $ 484 $ 361 Gross realized gains — 2 5 Gross realized losses — 1 — Net unrealized gains on equity securities recognized in earnings for the years ended December 31, 2021 , 2020, and 2019 were $ 0 million, $ 1 million and $ 2 million, respectively. The following table summarizes, by contractual maturity, the amortized cost of securities at December 31, 2021: Mortgage- U.S. State, Other (1) Fair (dollars in millions) Available-for-Sale Debt Due within one year $ 27 $ 45 $ — $ 5 $ 77 Due from one to five years 142 22 — 408 594 Due from five to ten years 271 423 19 512 1,226 Due after ten years 2,379 1,079 6 496 3,883 Total debt securities available $ 2,819 $ 1,569 $ 25 $ 1,421 $ 5,780 (1) Includes corporate bonds, capital trust notes, foreign notes, and asset-backed securities. The following table presents securities having a continuous unrealized loss position for less than twelve months and for twelve months or longer as of December 31, 2021: Less than Twelve Months Twelve Months or Longer Total (in millions) Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized Temporarily Impaired Securities: U. S. Treasury obligations $ 45 $ — $ — $ — $ 45 $ — U.S. Government agency and GSE obligations 317 7 185 8 502 15 GSE certificates 846 28 293 17 1,139 45 GSE CMOs 491 8 926 37 1,417 45 Asset-backed securities 130 1 135 2 265 3 Municipal bonds — — 8 — 8 — Corporate bonds — — 99 1 99 1 Foreign notes 5 — — — 5 — Capital trust notes — — 37 7 37 7 Equity securities 12 — — — 12 — Total temporarily impaired $ 1,846 $ 44 $ 1,683 $ 72 $ 3,529 $ 116 The following table presents securities having a continuous unrealized loss position for less than twelve months and for twelve months or longer as of December 31, 2020: Less than Twelve Months Twelve Months or Longer Total (in millions) Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized Temporarily Impaired Securities: U. S. Treasury obligations $ — $ — $ — $ — $ — $ — U.S. Government agency and GSE obligations 59 — — — 59 — GSE certificates 442 3 74 — 516 3 GSE CMOs 522 4 — — 522 4 Asset-backed securities — — 364 6 364 6 Municipal bonds — — 9 — 9 — Corporate bonds 72 3 246 3 318 6 Foreign notes — — — — — — Capital trust notes — — 33 11 33 11 Equity securities — — — — — — Total temporarily impaired $ 1,095 $ 10 $ 726 $ 20 $ 1,821 $ 30 The investment securities designated as having a continuous loss position for twelve months or more at December 31, 2021 consisted of four agency collateralized mortgage obligations, five capital trusts notes, four asset-backed securities, two corporate bonds, twenty US government agency bonds, twenty one mortgage-backed securities and one municipal bond. The investment securities designated as having a continuous loss position for twelve months or more at December 31, 2020 consisted of four agency collateralized mortgage obligations, five capital trusts notes, seven asset-backed securities, three corporate bonds, and one municipal bond. The Company evaluates available-for-sale debt securities in unrealized loss positions at least quarterly to determine if an allowance for credit losses is required. Based on an evaluation of available information about past events, current conditions, and reasonable and supportable forecasts that are relevant to collectability, the Company has concluded that it expects to receive all contractual cash flows from each security held in its available-for-sale securities portfolio. We first assess whether (i) we intend to sell, or (ii) it is more likely than not that we will be required to sell the security before recovery of its amortized cost basis. If either of these criteria is met, any previously recognized allowances are charged off and the security’s amortized cost basis is written down to fair value through income. If neither of the aforementioned criteria are met, we evaluate whether the decline in fair value has resulted from credit losses or other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an allowance for credit losses is recognized in other comprehensive income. None of the unrealized losses identified as of December 31, 2021 or December 31, 2020 relates to the marketability of the securities or the issuers’ ability to honor redemption obligations. Rather, the unrealized losses relate to changes in interest rates relative to when the investment securities were purchased, and do not indicate credit-related impairment. Management based this conclusion on an analysis of each issuer including a detailed credit assessment of each issuer. The Company does not intend to sell, and it is not more likely than not that the Company will be required to sell the positions before the recovery of their amortized cost basis, which may be at maturity. As such, no allowance for credit losses was recorded with respect to debt securities as of or during the twelve months ended December 31, 2021. Management has made the accounting policy election to exclude accrued interest receivable on available-for-sale securities from the estimate of credit losses. Available-for-sale debt securities are placed on non-accrual status when we no longer expect to receive all contractual amounts due, which is generally at 90 days past due. Accrued interest receivable is reversed against interest income when a security is placed on non-accrual status.

Loans and Leases

Loans and Leases	12 Months Ended
	Dec. 31, 2021
Receivables [Abstract]
Loans and Leases	NOTE 5: LOANS AND LEASES The following table sets forth the composition of the loan and lease portfolio at the dates indicated: December 31, 2021 December 31, 2020 (dollars in millions) Amount Percent of Amount Percent of Loans and Leases Held for Investment: Mortgage Loans: Multi-family $ 34,603 75.75 % $ 32,236 75.28 % Commercial real estate 6,698 14.66 6,836 15.96 One-to-four family 160 0.35 236 0.55 Acquisition, development, and construction 209 0.46 90 0.21 Total mortgage loans held for investment (1) 41,670 91.22 39,398 92.00 Other Loans: Commercial and industrial 2,236 4.89 1,682 3.93 Lease financing, net of unearned income 95 and $ 116 respectively 1,770 3.88 1,735 4.05 Total commercial and industrial loans (2) 4,006 8.77 3,417 7.98 Other 5 0.01 7 0.02 Total other loans held for investment 4,011 8.78 3,424 8.00 Total loans and leases held for investment (1) $ 45,681 100.00 % $ 42,822 100.00 % Net deferred loan origination costs 57 62 Allowance for loan and lease losses ( 199 ) ( 194 ) Total loans and leases held for investment, net $ 45,539 $ 42,690 Loans held for sale (3) — 117 Total loans and leases, net $ 45,539 $ 42,807 (1) Excludes accrued interest receivable of $ 199 million and $ 219 million at December 31, 2021 and December 31, 2020 , respectively, which is included in other assets in the Consolidated Statements of Condition. (2) Includes specialty finance loans and leases of $ 3.5 billion and $ 3.0 billion, respectively, at December 31, 2021 and December 31, 2020 , and other C&I loans of $ 527 million and $ 393 million, respectively, at December 31, 2021 and December 31, 2020 . (3) Includes deferred loan origination fees of $ 2 million. Loans and Leases Loans and Leases Held for Investment The majority of the loans the Company originates for investment are multi-family loans, most of which are collateralized by non-luxury apartment buildings in New York City with rent-regulated units and below-market rents. In addition, the Company originates CRE loans, most of which are collateralized by income-producing properties such as office buildings, retail centers, mixed-use buildings, and multi-tenanted light industrial properties that are located in New York City and on Long Island. To a lesser extent, the Company also originates ADC loans for investment. One-to-four family loans held for investment were originated through the Company’s former mortgage banking operation and primarily consisted of jumbo prime adjustable rate mortgages made to borrowers with a solid credit history. ADC loans are primarily originated for multi-family and residential tract projects in New York City and on Long Island. C&I loans consist of asset-based loans, equipment loans and leases, and dealer floor-plan loans (together, specialty finance loans and leases) that generally are made to large corporate obligors, many of which are publicly traded, carry investment grade or near-investment grade ratings, and participate in stable industries nationwide; and other C&I loans that primarily are made to small and mid-size businesses in Metro New York. Other C&I loans are typically made for working capital, business expansion, and the purchase of machinery and equipment. The repayment of multi-family and CRE loans generally depends on the income produced by the underlying properties which, in turn, depends on their successful operation and management. To mitigate the potential for credit losses, the Company underwrites its loans in accordance with credit standards it considers to be prudent, looking first at the consistency of the cash flows being produced by the underlying property. In addition, multi-family buildings, CRE properties, and ADC projects are inspected as a prerequisite to approval, and independent appraisers, whose appraisals are carefully reviewed by the Company’s in-house appraisers, perform appraisals on the collateral properties. In many cases, a second independent appraisal review is performed. To further manage its credit risk, the Company’s lending policies limit the amount of credit granted to any one borrower and typically require conservative debt service coverage ratios and loan-to-value ratios. Nonetheless, the ability of the Company’s borrowers to repay these loans may be impacted by adverse conditions in the local real estate market, the local economy and changes in applicable laws and regulations. Accordingly, there can be no assurance that its underwriting policies will protect the Company from credit-related losses or delinquencies. ADC loans typically involve a higher degree of credit risk than loans secured by improved or owner-occupied real estate. Accordingly, borrowers are required to provide a guarantee of repayment and completion, and loan proceeds are disbursed as construction progresses, as certified by in-house inspectors or third-party engineers. The Company seeks to minimize the credit risk on ADC loans by maintaining conservative lending policies and rigorous underwriting standards. However, if the estimate of value proves to be inaccurate, the cost of completion is greater than expected, or the length of time to complete and/or sell or lease the collateral property is greater than anticipated, the property could have a value upon completion that is insufficient to assure full repayment of the loan. This could have a material adverse effect on the quality of the ADC loan portfolio, and could result in losses or delinquencies. In addition, the Company utilizes the same stringent appraisal process for ADC loans as it does for its multi-family and CRE loans. To minimize the risk involved in specialty finance lending and leasing, the Company participates in syndicated loans that are brought to it, and equipment loans and leases that are assigned to it, by a select group of nationally recognized sources who have had long-term relationships with its experienced lending officers. Each of these credits is secured with a perfected first security interest or outright ownership in the underlying collateral, and structured as senior debt or as a non-cancelable lease. To further minimize the risk involved in specialty finance lending and leasing, each transaction is re-underwritten. In addition, outside counsel is retained to conduct a further review of the underlying documentation. To minimize the risks involved in other C&I lending, the Company underwrites such loans on the basis of the cash flows produced by the business; requires that such loans be collateralized by various business assets, including inventory, equipment, and accounts receivable, among others; and typically requires personal guarantees. However, the capacity of a borrower to repay such a C&I loan is substantially dependent on the degree to which the business is successful. In addition, the collateral underlying such loans may depreciate over time, may not be conducive to appraisal, or may fluctuate in value, based upon the results of operations of the business. Included in loans held for investment at December 31, 2021 and December 31, 2020 , were loans of $ 6 million and $ 38 million, respectively, to officers, directors, and their related interests and parties. There were no loans to principal shareholders at that date. Asset Quality A loan generally is classified as a non-accrual loan when it is 90 days or more past due or when it is deemed to be impaired because the Company no longer expects to collect all amounts due according to the contractual terms of the loan agreement. When a loan is placed on non-accrual status, management ceases the accrual of interest owed, and previously accrued interest is charged against interest income. A loan is generally returned to accrual status when the loan is current and management has reasonable assurance that the loan will be fully collectible. Interest income on non-accrual loans is recorded when received in cash. At December 31, 2021 and December 31, 2020, all of our non-performing loans were non-accrual loans. The following table presents information regarding the quality of the Company’s loans held for investment at December 31, 2021: (in millions) Loans Non- Loans 90 Total Current Total Multi-family $ 57 $ 10 $ — $ 67 $ 34,536 $ 34,603 Commercial real estate 2 16 — 18 6,680 6,698 One-to-four family 8 1 — 9 151 160 Acquisition, development, and — — — — 209 209 Commercial and industrial (1) (2) — 6 — 6 4,000 4,006 Other — — — — 5 5 Total $ 67 $ 33 $ — $ 100 $ 45,581 $ 45,681 (1) Includes $ 6 million of taxi medallion-related loans that were 90 days or more past due. There were no taxi medallion-related loans that were 30 to 89 days past due. (2) Includes lease financing receivables, all of which were current. The following table presents information regarding the quality of the Company’s loans held for investment at December 31, 2020: (in millions) Loans Non- Loans 90 Total Current Total Multi-family $ 4 $ 4 $ — $ 8 $ 32,228 $ 32,236 Commercial real estate 10 12 — 22 6,814 6,836 One-to-four family 2 2 — 4 232 236 Acquisition, development, and — — — — 90 90 Commercial and industrial (1) (2) — 20 — 20 3,397 3,417 Other — — — — 7 7 Total $ 16 $ 38 $ — $ 54 $ 42,768 $ 42,822 (1) Includes $ 19 million of taxi medallion-related loans that were 90 days or more past due. There were no taxi medallion-related loans that were 30 to 89 days past due. (2) Includes lease financing receivables, all of which were current. The following table summarizes the Company’s portfolio of loans held for investment by credit quality indicator at December 31, 2021: Mortgage Loans Other Loans (in millions) Multi- Commercial One-to- Acquisition, Total Commercial (1) Other Total Credit Quality Indicator: Pass $ 33,011 $ 5,874 $ 137 $ 204 $ 39,226 $ 3,959 $ 5 $ 3,964 Special mention 981 643 14 5 1,643 2 — 2 Substandard 611 181 9 — 801 45 — 45 Doubtful — — — — — — — — Total $ 34,603 $ 6,698 $ 160 $ 209 $ 41,670 $ 4,006 $ 5 $ 4,011 (1) Includes lease financing receivables, all of which were classified as Pass. The following table summarizes the Company’s portfolio of loans held for investment by credit quality indicator at December 31, 2020: Mortgage Loans Other Loans (in millions) Multi- Commercial One-to- Acquisition, Total Commercial (1) Other Total Credit Quality Indicator: Pass $ 31,220 $ 5,884 $ 222 $ 68 $ 37,394 $ 3,388 $ 7 $ 3,395 Special mention 567 637 12 22 1,238 3 — 3 Substandard 449 315 2 — 766 26 — 26 Doubtful — — — — — — — — Total $ 32,236 $ 6,836 $ 236 $ 90 $ 39,398 $ 3,417 $ 7 $ 3,424 (1) Includes lease financing receivables, all of which were classified as Pass. The preceding classifications are the most current ones available and generally have been updated within the last twelve months. In addition, they follow regulatory guidelines and can generally be described as follows: pass loans are of satisfactory quality; special mention loans have potential weaknesses that deserve management’s close attention; substandard loans are inadequately protected by the current net worth and paying capacity of the borrower or of the collateral pledged (these loans have a well-defined weakness and there is a possibility that the Company will sustain some loss); and doubtful loans, based on existing circumstances, have weaknesses that make collection or liquidation in full highly questionable and improbable. In addition, one-to-four family loans are classified based on the duration of the delinquency. The following table presents, by credit quality indicator, loan class, and year of origination, the amortized cost basis of the Company’s loans and leases as of December 31, 2021. Vintage Year (in millions) 2021 2020 2019 2018 2017 Prior To Revolving Total Pass $ 9,363 $ 9,223 $ 5,623 $ 4,700 $ 3,320 $ 7,006 $ 17 $ 39,252 Special Mention — 128 221 346 123 825 1 1,644 Substandard — 23 108 145 93 432 — 801 Total mortgage loans $ 9,363 $ 9,374 $ 5,952 $ 5,191 $ 3,536 $ 8,263 $ 18 $ 41,697 Pass 916 670 533 87 152 167 1,469 3,994 Special Mention — — — — — — 2 2 Substandard — 2 2 1 1 13 26 45 Total other loans 916 672 535 88 153 180 1,497 4,041 Total $ 10,279 $ 10,046 $ 6,487 $ 5,279 $ 3,689 $ 8,443 $ 1,515 $ 45,738 When management determines that foreclosure is probable, expected credit losses are based on the fair value of the collateral adjusted for selling costs. When the borrower is experiencing financial difficulty at the reporting date and repayment is expected to be provided substantially through the operation or sale of the collateral, the collateral-dependent practical expedient has been elected and expected credit losses are based on the fair value of the collateral at the reporting date, adjusted for selling costs as appropriate. For CRE loans, collateral properties include office buildings, warehouse/distribution buildings, shopping centers, apartment buildings, residential and commercial tract development. The primary source of repayment on these loans is expected to come from the sale, permanent financing or lease of the real property collateral. CRE loans are impacted by fluctuations in collateral values, as well as the ability of the borrower to obtain permanent financing. The following table summarizes the extent to which collateral secures the Company’s collateral-dependent loans held for investment by collateral type as of December 31, 2021: Collateral Type (in millions) Real Other Multi-family $ 9 $ — Commercial real estate 30 — One-to-four family — — Acquisition, development, and construction — — Commercial and industrial — 6 Other — — Total collateral-dependent loans held for investment 39 6 Other collateral type consists of taxi medallions, cash, accounts receivable and inventory. There were no significant changes in the extent to which collateral secures the Company’s collateral-dependent financial assets during the twelve months ended December 31, 2021. At December 31, 2021 and December 31, 2020, the Company had no residential mortgage loans in the process of foreclosure. The interest income that would have been recorded under the original terms of non-accrual loans at the respective year-ends, and the interest income actually recorded on these loans in the respective years, is summarized below: December 31, (in millions) 2021 2020 2019 Interest income that would have been recorded $ 3 $ 5 $ 5 Interest income actually recorded ( 1 ) ( 1 ) ( 3 ) Interest income foregone $ 2 $ 4 $ 2 Troubled Debt Restructurings The Company is required to account for certain loan modifications and restructurings as TDRs. In general, a modification or restructuring of a loan constitutes a TDR if the Company grants a concession to a borrower experiencing financial difficulty. A loan modified as a TDR generally is placed on non-accrual status until the Company determines that future collection of principal and interest is reasonably assured, which requires, among other things, that the borrower demonstrate performance according to the restructured terms for a period of at least six consecutive months. In an effort to proactively manage delinquent loans, the Company has selectively extended to certain borrowers concessions such as rate reductions, extension of maturity dates, and forbearance agreements. As of December 31, 2021 , loans on which concessions were made with respect to rate reductions and/or extension of maturity dates amounted to $ 29 million. The CARES Act was enacted on March 27, 2020. Under the CARES Act, the Company made the election to deem that loan modifications do not result in TDRs if they are (1) related to the novel coronavirus disease (“COVID-19”); (2) executed on a loan that was not more than 30 days past due as of December 31, 2019; and (3) executed between March 1, 2020, and the earlier of (A) 60 days after the date of termination of the National Emergency or (B) December 31, 2020. This includes short-term (e.g., up to six months) modifications such as payment deferrals, fee waivers, extensions of repayment terms, or delays in payment that are insignificant. Borrowers considered current are those that are less than 30 days past due on their contractual payments at the time a modification program is implemented. The following table presents information regarding the Company’s TDRs as of December 31, 2021 and 2020: December 31, 2021 December 31, 2020 (in millions) Accruing Non- Total Accruing Non- Total Loan Category: Multi-family $ — $ 7 $ 7 $ — $ — $ — Commercial real estate 16 — 16 15 — 15 One-to-four family — — — — — — Acquisition, development, and — — — — — — Commercial and industrial (1) — 6 6 — 19 19 Total $ 16 $ 13 $ 29 $ 15 $ 19 $ 34 (1) Includes $ 6 million and $ 18 million of taxi medallion-related loans at December 31, 2021 and 2020, respectively. The eligibility of a borrower for work-out concessions of any nature depends upon the facts and circumstances of each loan, which may change from period to period, and involves judgment by Company personnel regarding the likelihood that the concession will result in the maximum recovery for the Company. The financial effects of the Company’s TDRs for the twelve months ended December 31, 2021, 2020 and 2019 are summarized as follows: For the Twelve Months Ended December 31, 2021 Weighted Average (dollars in millions) Number Pre- Post- Pre- Post- Charge- Capitalized Loan Category: Commercial real estate 2 $ 4 $ 4 6.00 % 3.55 % $ — $ — Multi-family 1 8 8 3.13 3.25 — — Total 3 $ 12 $ 12 $ — $ — For the Twelve Months Ended December 31, 2020 Weighted Average (dollars in millions) Number Pre- Post- Pre- Post- Charge- Capitalized Loan Category: Commercial real estate 1 $ 15 $ 15 8.00 % 3.50 % $ — $ — Commercial and industrial 42 9 8 2.36 2.23 1 — Total 43 $ 24 $ 23 $ 1 $ — For the Twelve Months Ended December 31, 2019 Weighted Average (dollars in millions) Number Pre- Post- Pre- Post- Charge- Capitalized Loan Category: One-to-four family 1 $ — $ — 5.50 % 5.50 % $ — $ — Commercial and industrial 72 35 31 4.31 4.37 4 — Total 73 $ 35 $ 31 $ 4 $ — At December 31, 2021 , no loans have been modified as TDR's that were in payment default during the twelve months ended at that date. December 31, 2020 , C&I loans totaling $ 3 million that had been modified as a TDR during the twelve months ended at that date were in payment default. At December 31, 2019 , C&I loans in the amount of $ 1 million that had been modified as a TDR during the twelve months ended at that date was in prepayment default. The Company does not consider a payment to be in default when the loan is in forbearance, or otherwise granted a delay of payment, when the agreement to forebear or allow a delay of payment is part of a modification. Subsequent to the modification, the loan is not considered to be in default until payment is contractually past due in accordance with the modified terms. However, the Company does consider a loan with multiple modifications or forbearance periods to be in default, and would also consider a loan to be in default if the borrower were in bankruptcy or if the loan were partially charged off subsequent to modification.

Allowance for Credit Losses on

Allowance for Credit Losses on Loans and Leases	12 Months Ended
	Dec. 31, 2021
Allowance For Credit Losses On Loans And Leases [Abstract]
Allowance for Credit Losses on Loans and Leases	NOTE 6: ALLOWANCE FOR CREDIT LOSSES ON LOANS AND LEASES Allowance for Credit Losses on Loans and Leases The following table summarizes activity in the allowance for loan and lease losses for the periods indicated: Twelve Months Ended December 31, 2021 2020 (in millions) Mortgage Other Total Mortgage Other Total Balance, beginning of period $ 176 $ 18 $ 194 $ 123 $ 25 $ 148 Impact of CECL adoption — — — — 2 2 Adjusted balance, beginning of period 176 18 194 123 27 150 Charge-offs ( 6 ) ( 7 ) ( 13 ) ( 2 ) ( 20 ) ( 22 ) Recoveries 2 13 15 1 2 3 Provision for (recovery of) credit 6 ( 3 ) 3 54 9 63 Balance, end of period $ 178 $ 21 $ 199 $ 176 $ 18 $ 194 At December 31, 2021 , the allowance for credit losses on loans and leases totaled $ 199 million, up $ 5 million compared to December 31, 2020 , driven by a provision for credit losses of $ 3 million coupled with net recoveries of $ 2 million during the year 2021. At December 31, 2021 and 2020, the allowance for unfunded commitments totaled $ 12 million. For the year ended December 31, 2021 the allowance for credit losses on loans and leases remained relatively flat primarily due to the combination of macroeconomic factors and increased loan activity on the balance sheet. The key contributing forecasted macroeconomic and market level factors included relatively unchanged unemployment rates, slight increase in Gross Domestic Product (“GDP”) and improving Multi Family and Commercial Real Estate Property Prices reflecting the improving economic landscape as the COVID-19 pandemic begins to subside. In addition to these quantitative inputs, several qualitative factors were considered, including the risk that the economic decline proves to be more severe and/or prolonged than our baseline forecast which also increased our allowance for loan and lease losses. The impact of the unprecedented fiscal stimulus and changes to federal and local laws and regulations, including changes to various government sponsored loan programs, was also considered. The Company charges off loans, or portions of loans, in the period that such loans, or portions thereof, are deemed uncollectible. The collectability of individual loans is determined through an assessment of the financial condition and repayment capacity of the borrower and/or through an estimate of the fair value of any underlying collateral. For non-real estate-related consumer credits, the following past-due time periods determine when charge-offs are typically recorded: (1) closed-end credits are charged off in the quarter that the loan becomes 120 days past due; (2) open-end credits are charged off in the quarter that the loan becomes 180 days past due; and (3) both closed-end and open-end credits are typically charged off in the quarter that the credit is 60 days past the date the Company received notification that the borrower has filed for bankruptcy. The following table presents additional information about the Company’s nonaccrual loans at December 31, 2021: (in millions) Recorded Related Interest Nonaccrual loans with no related allowance: Multi-family $ 9 $ — $ 1 Commercial real estate 14 — — One-to-four family — — — Acquisition, development, and construction — — — Other 6 — — Total nonaccrual loans with no related allowance $ 29 $ — $ 1 Nonaccrual loans with an allowance recorded: Multi-family $ 1 $ — $ — Commercial real estate 2 — — One-to-four family 1 — — Acquisition, development, and construction — — — Other — — — Total nonaccrual loans with an allowance recorded $ 4 $ — $ — Total nonaccrual loans: Multi-family $ 10 $ — $ 1 Commercial real estate 16 — — One-to-four family 1 — — Acquisition, development, and construction — — — Other 6 — — Total nonaccrual loans $ 33 $ — $ 1 The following table presents additional information about the Company’s nonaccrual loans at December 31, 2020 (in millions) Recorded Related Interest Nonaccrual loans with no related allowance: Multi-family $ — $ — $ — Commercial real estate 2 — — One-to-four family 1 — — Acquisition, development, and construction — — — Other 20 — 1 Total nonaccrual loans with no related allowance $ 23 $ — $ 1 Nonaccrual loans with an allowance recorded: Multi-family $ 4 $ 1 $ — Commercial real estate 10 — — One-to-four family 1 — — Acquisition, development, and construction — — — Other — — — Total nonaccrual loans with an allowance recorded $ 15 $ 1 $ — Total nonaccrual loans: Multi-family $ 4 $ 1 $ — Commercial real estate 12 — — One-to-four family 2 — — Acquisition, development, and construction — — — Other 20 — 1 Total nonaccrual loans $ 38 $ 1 $ 1

Leases

Leases	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
Leases	NOTE 7. LEASES Lessor Arrangements The Company is a lessor in the equipment finance business where it has executed direct financing leases (“lease finance receivables”). The Company produces lease finance receivables through a specialty finance subsidiary that participates in syndicated loans that are brought to them, and equipment loans and leases that are assigned to them, by a select group of nationally recognized sources, and are generally made to large corporate obligors, many of which are publicly traded, carry investment grade or near-investment grade ratings, and participate in stable industries nationwide. Lease finance receivables are carried at the aggregate of lease payments receivable plus the estimated residual value of the leased assets and any initial direct costs incurred to originate these leases, less unearned income, which is accreted to interest income over the lease term using the interest method. The standard leases are typically repayable on a level monthly basis with terms ranging from 24 to 120 months. At the end of the lease term, the lessee usually has the option to return the equipment, to renew the lease or purchase the equipment at the then fair market value (“FMV”) price. For leases with a FMV renewal/purchase option, the relevant residual value assumptions are based on the estimated value of the leased asset at the end of lease term, including evaluation of key factors, such as, the estimated remaining useful life of the leased asset, its historical secondary market value including history of the lessee executing the FMV option, overall credit evaluation and return provisions. The Company acquires the leased asset at fair market value and provides funding to the respective lessee at acquisition cost, less any volume or trade discounts, as applicable. Therefore, there is generally no selling profit or loss to recognize or defer at inception of a lease. The residual value component of a lease financing receivable represents the estimated fair value of the leased equipment at the end of the lease term. In establishing residual value estimates, the Company may rely on industry data, historical experience, and independent appraisals and, where appropriate, information regarding product life cycle, product upgrades and competing products. Upon expiration of a lease, residual assets are remarketed, resulting in an extension of the lease by the lessee, a lease to a new customer or purchase of the residual asset by the lessee or another party. Impairment of residual values arises if the expected fair value is less than the carrying amount. The Company assesses its net investment in lease financing receivables (including residual values) for impairment on an annual basis with any impairment losses recognized in accordance with the impairment guidance for financial instruments. As such, net investment in lease financing receivables may be reduced by an allowance for credit losses with changes recognized as provision expense. On certain lease financings, the Company obtains residual value insurance from third parties to manage and reduce the risk associated with the residual value of the leased assets. At December 31, 2021 and December 31, 2020 , the carrying value of residual assets with third-party residual value insurance for at least a portion of the asset value was $ 61 million and $ 71 million, respectively. The Company uses the interest rate implicit in the lease to determine the present value of its lease financing receivables. The components of lease income were as follows: (in millions) For the For the Interest income on lease financing (1) $ 53 $ 52 (1) Included in Interest Income – Loans and leases in the Consolidated Statements of Income and Comprehensive Income. At December 31, 2021 and December 31, 2020 , the carrying value of net investment in leases was $ 1.9 billion. The components of net investment in direct financing leases, including the carrying amount of the lease receivables, as well as the unguaranteed residual asset were as follows: (in millions) December 31, December 31, Net investment in the lease - lease payments receivable $ 1,790 $ 1,771 Net investment in the lease - unguaranteed residual assets 75 80 Total lease payments $ 1,865 $ 1,851 The following table presents the remaining maturity analysis of the undiscounted lease receivables as of December 31, 2021, as well as the reconciliation to the total amount of receivables recognized in the Consolidated Statements of Condition: (in millions) December 31, 2022 $ 22 2023 225 2024 275 2025 370 2026 399 Thereafter 574 Total lease payments 1,865 Plus: deferred origination costs 25 Less: unearned income ( 95 ) Total lease finance receivables, net $ 1,795 Lessee Arrangements The Company determines if an arrangement is a lease at inception. Operating leases are included in operating lease right-of-use assets and operating lease liabilities in the Consolidated Statements of Condition. ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most leases do not provide an implicit rate, the incremental borrowing rate (FHLB borrowing rate) is used based on the information available at adoption date in determining the present value of lease payments. The implicit rate is used when readily determinable. The operating lease ROU asset is measured at cost, which includes the initial measurement of the lease liability, prepaid rent and initial direct costs incurred by the Company, less incentives received. The lease terms include options to extend the lease when it is reasonably certain that we will exercise that option. For the vast majority of the Company’s leases, we are reasonably certain we will exercise our options to renew to the end of all renewal option periods. As such, substantially all of our future options to extend the leases have been included in the lease liability and ROU assets. Variable costs such as the proportionate share of actual costs for utilities, common area maintenance, property taxes and insurance are not included in the lease liability and are recognized in the period in which they are incurred. Amortization of the ROU assets was $ 18 million and $ 20 million for the twelve months ended December 31, 2021 and 2020, respectively. The Company has operating leases for corporate offices, branch locations, and certain equipment. The Company’s leases have remaining lease terms of one year to approximately 25 years, the vast majority of which include one or more options to extend the leases for up to five years resulting in lease terms up to 40 years. The components of lease expense were as follows: (in millions) For the Twelve For the Twelve Operating lease cost $ 27 $ 23 Sublease income — — Total lease cost $ 27 $ 23 Supplemental cash flow information related to the leases for the following periods: (in millions) For the Twelve For the Twelve Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 27 $ 23 Supplemental balance sheet information related to the leases for the following periods: (in millions, except lease term and discount rate) December 31, December 31, Operating Leases: Operating lease right-of-use assets $ 249 $ 267 Operating lease liabilities $ 249 267 Weighted average remaining lease term 16 years 16 years Weighted average discount rate% 3.05 % 3.12 % (in millions) December 31, 2022 $ 26 2023 26 2024 25 2025 24 2026 23 Thereafter 197 Total lease payments 321 Less: imputed interest ( 72 ) Total present value of lease liabilities $ 249

Deposits

Deposits	12 Months Ended
	Dec. 31, 2021
Banking And Thrift Disclosure [Abstract]
Deposits	NOTE 8: DEPOSITS The following table sets forth the weighted average interest rates for each type of deposit at December 31, 2021 and 2020: December 31, 2021 2020 (dollars in millions) Amount Percent Weighted Amount Percent Weighted Interest-bearing checking and money $ 13,209 37.68 % 0.20 % $ 12,610 38.87 % 0.28 % Savings accounts 8,892 25.36 0.35 6,416 19.78 0.41 Certificates of deposit 8,424 24.03 0.52 10,331 31.85 0.83 Non-interest-bearing accounts 4,534 12.93 — 3,080 9.50 — Total deposits $ 35,059 100.00 % 0.29 % $ 32,437 100.00 % 0.45 % At December 31, 2021 and 2020 , the aggregate amount of deposits that had been reclassified as loan balances (i.e., overdrafts) was $ 1.9 million and $ 2.3 million, respectively. The scheduled maturities of certificates of deposit (“CDs”) at December 31, 2021 were as follows: (in millions) 1 year or less $ 7,454 More than 1 year through 2 years 410 More than 2 years through 3 years 495 More than 3 years through 4 years 26 More than 4 years through 5 years 39 Over 5 years - Total CDs $ 8,424 Included in total deposits at both December 31, 2021 and 2020 were brokered deposits of $ 5.7 billion and $ 5.3 billion with weighted average interest rates of .07 % and .08 % at the respective year-ends. Brokered money market accounts represented $ 3.0 billion of the December 31, 2021 and 2020 totals, and brokered interest-bearing checking accounts represented $ 1.5 billion and $ 1.3 billion, respectively. Brokered CDs represented $ 1.2 billion and $ 1.0 billion of brokered deposits at December 31, 2021 and 2020 , respectively.

Borrowed Funds

Borrowed Funds	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Borrowed Funds	NOTE 9: BORROWED FUNDS The following table summarizes the Company’s borrowed funds at December 31, 2021 and 2020: December 31, (in millions) 2021 2020 Wholesale borrowings: FHLB advances $ 15,105 $ 14,628 Repurchase agreements 800 800 Total wholesale borrowings $ 15,905 $ 15,428 Junior subordinated debentures 361 360 Subordinated notes 296 296 Total borrowed funds $ 16,562 $ 16,084 Accrued interest on borrowed funds is included in “Other liabilities” in the Consolidated Statements of Condition and amounted to $ 18 million and $ 19 million, respectively, at December 31, 2021 and 2020. FHLB Advances The contractual maturities and the next call dates of FHLB advances outstanding at December 31, 2021 were as follows: Contractual Maturity Earlier of Contractual (dollars in millions) Amount Weighted (1) Amount Weighted (1) 2022 $ 3,750 0.50 % $ 11,030 1.53 % 2023 2,525 0.85 2,725 0.91 2024 1,350 0.85 1,350 0.85 2025 — — — — 2026 — — — — 2027 — — — — 2028 4,350 2.40 — — 2029 3,130 1.55 — — Total FHLB advances $ 15,105 1.36 $ 15,105 1.36 (1) Does not included the effect interest rate swap agreements. FHLB advances include both straight fixed-rate advances and advances under the FHLB convertible advance program, which gives the FHLB the option of either calling the advance after an initial lock-out period of up to five years and quarterly thereafter until maturity, or a one-time call at the initial call date. At December 31, 2021 and 2020 , respectively, the Bank had unused lines of available credit with the FHLB of up to $ 8.4 billion and $ 7.3 billion. The Company had no overnight advances at December 31, 2021, or December 31, 2020. During the twelve months ended December 31, 2021 , the average balance of overnight advances amounted to $ 6 million, with a weighted average interest rate of .36 %. During the twelve months ended December 31, 2020, the average balances of overnight advances amounted to $ 2 million, with weighted average interest rates of 1.2 %. Total FHLB advances generated interest expense of $ 233 million, $ 246 million, and $ 259 million, in the years ended December 31, 2021, 2020, and 2019, respectively. Repurchase Agreements The following table presents an analysis of the contractual maturities and next call dates of the Company’s outstanding repurchase agreements accounted for as secured borrowings at December 31, 2021: Contractual Maturity Earlier of Contractual (dollars in millions) Amount Weighted Amount Weighted 2022 $ — — % $ 800 2.24 % 2023 — — — — 2028 300 2.37 — — 2029 500 2.16 — — $ 800 2.24 $ 800 2.24 The following table provides the contractual maturity and weighted average interest rate of repurchase agreements, and the amortized cost and fair value of the securities collateralizing the repurchase agreements, at December 31, 2021: Mortgage-Related GSE Debentures and (dollars in millions) Amount Weighted Amortized Fair Amortized Fair Greater than 90 days $ 800 2.24 % $ 345 $ 343 $ 549 $ 570 The Company had no short-term repurchase agreements outstanding at December 31, 2021 or 2020. At December 31, 2021 and 2020 , the accrued interest on repurchase agreements amounted to $ 2 million. The interest expense on repurchase agreements was $ 18 million, for each of the years ended December 31, 2021, 2020, and 2019, respectively. Federal Funds Purchased There were no federal funds purchased outstanding at December 31, 2021 or 2020. In 2021 and 2020, respectively, the average balances of federal funds purchased were $ 81 million and $ 180 million, with weighted average interest rates of 0.09 % and 0.49 %. The interest expense produced by federal funds purchased was $ 0 million, $ 1 million and $ 0 million for the years ended December 31, 2021, 2020 and 2019, respectively. Junior Subordinated Debentures At December 31, 2021 and 2020 , the Company had $ 361 million and $ 360 million, respectively, of outstanding junior subordinated deferrable interest debentures (“junior subordinated debentures”) held by statutory business trusts (the “Trusts”) that issued guaranteed capital securities. The Trusts are accounted for as unconsolidated subsidiaries, in accordance with GAAP. The proceeds of each issuance were invested in a series of junior subordinated debentures of the Company and the underlying assets of each statutory business trust are the relevant debentures. The Company has fully and unconditionally guaranteed the obligations under each trust’s capital securities to the extent set forth in a guarantee by the Company to each trust. The Trusts’ capital securities are each subject to mandatory redemption, in whole or in part, upon repayment of the debentures at their stated maturity or earlier redemption. The following junior subordinated debentures were outstanding at December 31, 2021: Issuer Interest Rate Junior Capital Date of Stated First Optional (dollars in millions) New York Community Capital 6.00 % $ 147 $ 140 Nov. 4, 2002 Nov. 1, 2051 Nov. 4, 2007 (1) New York Community Capital 1.80 124 120 Dec. 14, 2006 Dec. 15, 2036 Dec. 15, 2011 (2) PennFed Capital Trust III 3.45 31 30 June 2, 2003 June 15, 2033 June 15, 2008 (2) New York Community Capital 1.87 59 58 April 16, 2007 June 30, 2037 June 30, 2012 (2) Total junior subordinated debentures $ 361 $ 348 (1) Callable subject to certain conditions as described in the prospectus filed with the SEC on November 4, 2002. (2) Callable from this date forward. The Bifurcated Option Note Unit SecuritiES SM (“BONUSES units”) included in the preceding table were issued by the Company on November 4, 2002 at a public offering price of $ 50.00 per share. Each of the 5,500,000 BONUSES units offered consisted of a capital security issued by New York Community Capital Trust V, a trust formed by the Company, and a warrant to purchase 2.4953 shares of the common stock of the Company (for a total of approximately 13.7 million common shares) at an effective exercise price of $ 20.04 per share. Each capital security has a maturity of 49 years , with a coupon, or distribution rate, of 6.00 % on the $ 50.00 per share liquidation amount. The warrants and capital securities were non-callable for five years from the date of issuance and were not called by the Company when the five-year period passed on November 4, 2007. The gross proceeds of the BONUSES units totaled $ 275.0 million and were allocated between the capital security and the warrant comprising such units in proportion to their relative values at the time of issuance. The value assigned to the warrants, $ 92.4 million, was recorded as a component of additional “paid-in capital” in the Company’s Consolidated Statements of Condition. The value assigned to the capital security component was $ 182.6 million. The $ 92.4 million difference between the assigned value and the stated liquidation amount of the capital securities was treated as an original issue discount, and is being amortized to interest expense over the 49-year life of the capital securities on a level-yield basis. At December 31, 2021 , this discount totaled $ 65 million. The other three trust preferred securities noted in the preceding table were formed for the purpose of issuing Company Obligated Mandatorily Redeemable Capital Securities of Subsidiary Trusts Holding Solely Junior Subordinated Debentures (collectively, the “Capital Securities”). Dividends on the Capital Securities are payable either quarterly or semi-annually and are deferrable, at the Company’s option, for up to five years. As of December 31, 2021, all dividends were current. Interest expense on junior subordinated debentures was $ 18 million, $ 19 million, and $ 22 million, respectively, for the years ended December 31, 2021, 2020, and 2019. Subordinated Notes At December 31, 2021 and 2020 , the Company had $ 296 million, respectively, of fixed-to-floating rate subordinated notes outstanding: Date of Original Issue Stated Maturity Interest Rate (1) Original Issue (dollars in millions) Nov. 6, 2018 Nov. 6, 2028 5.90 % $ 300 (1) From and including the date of original issuance to, but excluding November 6, 2023, the Notes will bear interest at an initial rate of 5.90 % per annum payable semi-annually. Unless redeemed, from and including November 6, 2023 to but excluding the maturity date, the interest rate will reset quarterly to an annual interest rate equal to the then-current three-month LIBOR rate plus 278 basis point payable quarterly. The interest expense on subordinated notes amounted to $ 18 million for the years ended December 31, 2021 , 2020 , and 2019.

Federal, State And Local Taxes

Federal, State And Local Taxes	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Federal, State & Local Taxes	NOTE 10: FEDERAL, STATE, AND LOCAL TAXES The following table summarizes the components of the Company’s net deferred tax asset (liability) at December 31, 2021 and 2020: December 31, (in millions) 2021 2020 Deferred Tax Assets: Allowance for credit losses on loans and leases $ 55 $ 53 Acquisition accounting and fair value adjustments on securities (including OTTI) 21 — Compensation and related benefit obligations 17 21 Net operating loss carryforwards 1 6 Other 15 18 Gross deferred tax assets 109 98 Valuation allowance — — Deferred tax asset after valuation allowance $ 109 $ 98 Deferred Tax Liabilities: Amortizable intangibles $ ( 3 ) $ ( 3 ) Acquisition accounting and fair value adjustments on securities — ( 13 ) Premises and equipment ( 5 ) ( 6 ) Prepaid pension cost ( 35 ) ( 25 ) Fair value adjustments on loans ( 81 ) ( 92 ) Leases ( 360 ) ( 370 ) Other ( 9 ) ( 9 ) Gross deferred tax liabilities $ ( 493 ) $ ( 518 ) Net deferred tax liability $ ( 384 ) $ ( 420 ) The deferred tax liability represents the anticipated federal, state, and local tax expenses or benefits that are expected to be realized in future years upon the utilization of the underlying tax attributes comprising said balances. The net deferred tax liability is included in “Other liabilities” in the Consolidated Statements of Condition at December 31, 2021 and 2020. At December 31, 2021 , the Company had a New York City net operating loss (“NOL”) carry forward of $ 21 million, which is available to offset future federal taxable income. The NOL may be carried forward for 20 years to any future calendar tax year after 2021. The Company has determined that all deductible temporary differences and net operating loss carryforwards are more likely than not to provide a benefit in reducing future federal, state, and local tax liabilities, as applicable. The Company has reached this determination based on its history of reporting positive taxable income in all relevant tax jurisdictions, the length of time available to utilize the net operating loss carryforwards, and the recognition of taxable income in future periods from taxable temporary differences. The following table summarizes the Company’s income tax expense for the years ended December 31, 2021, 2020, and 2019: December 31, (in millions) 2021 2020 2019 Federal – current $ 188 $ ( 148 ) $ 4 State and local – current 35 5 23 Total current 223 ( 143 ) 27 Federal – deferred ( 28 ) 190 101 State and local – deferred 15 29 — Total deferred ( 13 ) 219 101 Income tax expense reported in net income 210 77 128 Income tax expense reported in stockholders’ equity related to: Securities available-for-sale ( 42 ) 16 16 Pension liability adjustments 10 — 5 Cash flow hedge 9 ( 13 ) — Adoption of ASU 2016-13 — ( 4 ) — Total income taxes $ 187 $ 76 $ 149 The following table presents a reconciliation of statutory federal income tax expense (benefit) to combined actual income tax expense (benefit) reported in net income for the years ended December 31, 2021, 2020, and 2019: December 31, (in millions) 2021 2020 2019 Statutory federal income tax at 21 %, 21 % and 21 %, respectively $ 169 $ 123 $ 110 State and local income taxes, net of federal income tax effect 40 27 18 Effect of tax law changes — ( 73 ) — Non-deductible FDIC deposit insurance premiums 9 8 7 Effect of tax deductibility of ESOP ( 3 ) ( 3 ) ( 3 ) Non-taxable income and expense of BOLI ( 6 ) ( 7 ) ( 6 ) Non-deductible merger expenses 3 — — Federal tax credits — ( 1 ) ( 1 ) Adjustments relating to prior tax years ( 1 ) 1 — Other, net ( 1 ) 2 3 Total income tax expense $ 210 $ 77 $ 128 GAAP requires that the impact of tax legislation be recognized in the period in which the law was enacted. The CARES Act was enacted on March 27, 2020 to provide relief related to the COVID-19 pandemic. The CARES Act includes many measures to assist companies including the allowance of net operating losses originating in 2018, 2019 or 2020 to be carried back five years . The Company recorded $ 68.4 million in tax benefits for the year ended December 31, 2020 relating to the enactment of the CARES Act. The Company invests in affordable housing projects through limited partnerships that generate federal Low Income Housing Tax Credits. The balances of these investments, which are included in “Other assets” in the Consolidated Statements of Condition, were $ 76 million and $ 85 million, respectively, at December 31, 2021 and 2020, and included commitments of $ 34 million and $ 54 million that are expected to be funded over the next three years. The Company elected to apply the proportional amortization method to these investments. Recognized in the determination of income tax (benefit) expense from operations for the years ended December 31, 2021, 2020, and 2019 were $ 9 million, $ 8 million, and $ 6 million, respectively, of affordable housing tax credits and other tax benefits, and an offsetting $ 9 million, $ 6 million, and $ 5 million, respectively, for the amortization of the related investments. No impairment losses were recognized in relation to these investments for the years ended December 31, 2021, 2020, and 2019 GAAP prescribes a recognition threshold and measurement attribute for use in connection with the obligation of a company to recognize, measure, present, and disclose in its financial statements uncertain tax positions that the Company has taken or expects to take on a tax return. As of December 31, 2021 , the Company had $ 39 million of unrecognized gross tax benefits. Gross tax benefits do not reflect the federal tax effect associated with state tax amounts. The total amount of net unrecognized tax benefits at December 31, 2021 that would have affected the effective tax rate, if recognized, was $ 30 million. Interest and penalties (if any) related to the underpayment of income taxes are classified as a component of income tax expense in the Consolidated Statements of Income and Comprehensive Income. During the years ended December 31, 2021, 2020, and 2019 , the Company recognized income tax expense attributed to interest and penalties of $ 4 million, $ 3 million, and $ 3 million, respectively. Accrued interest and penalties on tax liabilities were $ 22 million and $ 18 million, respectively, at December 31, 2021 and 2020. The following table summarizes changes in the liability for unrecognized gross tax benefits for the years ended December 31, 2021, 2020, and 2019: December 31, (in millions) 2021 2020 2019 Uncertain tax positions at beginning of year $ 38 $ 36 $ 33 Additions for tax positions relating to current-year operations 2 1 1 Additions for tax positions relating to prior tax years 1 1 2 Subtractions for tax positions relating to prior tax years ( 2 ) — — Reductions in balance due to settlements — — — Uncertain tax positions at end of year $ 39 $ 38 $ 36 The Company and its subsidiaries have filed tax returns in many states. The following are the more significant tax filings that are open for examination: • Federal tax filings for tax years 2018 through the present; • New York State tax filings for tax years 2010 through the present; • New York City tax filings for tax years 2011 through the present; and • New Jersey tax filings for tax years 2015 through the present. In addition to other state audits, the Company is currently under examination by the following taxing jurisdictions of significance to the Company: • New York State for the tax years 2010 through 2016; and • New York City for the tax years 2011 and 2014. It is reasonably possible that there will be developments within the next twelve months that would necessitate an adjustment to the balance of unrecognized tax benefits, including decreases of up to $ 21 million due to completion of tax authorities’ exams and the expiration of statutes of limitations. As a savings institution, the Bank is subject to a special federal tax provision regarding its frozen tax bad debt reserve. At December 31, 2021, the Bank’s federal tax bad debt base-year reserve was $ 62 million, with a related federal deferred tax liability of $ 13 million, which has not been recognized since the Bank does not expect that this reserve will become taxable in the foreseeable future. Events that would result in taxation of this reserve include redemptions of the Bank’s stock or certain excess distributions by the Bank to the Company.

Derivative and Hedging Activiti

Derivative and Hedging Activities	12 Months Ended
	Dec. 31, 2021
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Derivative and Hedging Activities	NOTE 11. DERIVATIVE AND HEDGING ACTIVITIES The Company’s derivative financial instruments consist of interest rate swaps. The Company is exposed to certain risks arising from both its business operations and economic conditions. The Company principally manages its exposure to a wide variety of business and operational risks through management of its core business activities. The Company manages economic risks, including interest rate and liquidity risks, primarily by managing the amount, sources, and duration of its assets and liabilities and, from time to time, the use of derivative financial instruments. Specifically, the Company enters into derivative financial instruments to manage exposures that arise from business activities that result in the payment of future known and uncertain cash amounts, the value of which are determined by interest rates. Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (the “Dodd-Frank Act”) requires all standardized derivatives, including most interest rate swaps, to be submitted for clearing to central counterparties to reduce counterparty risk. Two of the central counterparties are the Chicago Mercantile Exchange (“CME”) and the London Clearing House (“LCH”). As of December 31, 2021 , all of the Company’s $ 4.3 billion notional derivative contracts were cleared on the LCH. Daily variation margin payments on derivatives cleared through the LCH are accounted for as legal settlement. For derivatives cleared through LCH, the net gain (loss) position includes the variation margin amounts as settlement of the derivative and not collateral against the fair value of the derivative, which includes accrued interest; therefore, those interest rate and derivative contracts the Company clears through the LCH are reported at a fair value of approximately zero at December 31, 2021. The Company’s exposure is limited to the value of the derivative contracts in a gain position less any collateral held and plus any collateral posted. When there is a net negative exposure, we consider our exposure to the counterparty to be zero. At December 31, 2021, the Company had a net negative exposure. Fair Value of Hedges of Interest Rate Risk The Company is exposed to changes in the fair value of certain of its fixed-rate assets due to changes in interest rates. The Company uses interest rate swaps to manage its exposure to changes in fair value on these instruments attributable to changes in the designated benchmark interest rate. Interest rate swaps designated as fair value hedges involve the payment of fixed-rate amounts to a counterparty in exchange for the Company receiving variable-rate payments over the life of the agreements without the exchange of the underlying notional amount. Such derivatives were used to hedge the changes in fair value of certain of its pools of prepayable fixed rate assets. For derivatives designated and that qualify as fair value hedges, the gain or loss on the derivative as well as the offsetting loss or gain on the hedged item attributable to the hedged risk are recognized in interest income. The Company has entered into an interest rate swap with a notional amount of $ 2.0 billion to hedge certain real estate loans. For the twelve months ended December 31, 2021 , the floating rate received related to the net settlement of this interest rate swap was less than the fixed rate payments. As such, interest income from Loans and leases in the accompanying Consolidated Statements of Income and Comprehensive Income was decreased by $ 49 million for the twelve months ended December 31, 2021. For the twelve months ended December 31, 2020 , the floating rate received related to the net settlement of this interest rate swap was less than the fixed rate payments. As such, interest income from Loans and leases in the accompanying Consolidated Statements of Income and Comprehensive Income was decreased by $ 35 million for the twelve months ended December 31, 2020. As of December 31, 2021, the following amounts were recorded on the balance sheet related to cumulative basis adjustment for fair value hedges. (in millions) December 31, 2021 December 31, 2020 Line Item in the Consolidated Statements of Carrying Cumulative Carrying Cumulative Total loans and leases, net (1) $ 2,025 $ 25 $ 2,073 $ 73 (1) These amounts include the amortized cost basis of closed portfolios used to designate hedging relationships in which the hedged item is the last layer expected to be remaining at the end of the hedging relationship. At December 31, 2021 , the amortized cost basis of the closed portfolios used in these hedging relationships was $ 2.9 billion; the cumulative basis adjustments associated with these hedging relationships was $ 25 million; and the amount of the designated hedged items was $ 2.0 billion. The following table sets forth information regarding the Company’s derivative financial instruments at December 31, 2021. December 31, 2021 Fair Value (in millions) Notional Other Other Derivatives designated as fair value hedging instruments: Interest rate swap $ 2,000 $ — $ — Total derivatives designated as fair value hedging instruments $ 2,000 $ — $ — The following table sets forth the effect of derivative instruments on the Consolidated Statements of Income and Comprehensive Income for the periods indicated. (in millions) For the Twelve For the Twelve Derivative – interest rate swap: Interest income $ 48 $ ( 20 ) Hedged item – loans: Interest income $ ( 48 ) $ 20 Cash Flow Hedges of Interest Rate Risk The Company’s objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. Interest rate swaps designated as cash flow hedges involve the receipt of amounts subject to variability caused by changes in interest rates from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. Changes in the fair value of derivatives designated and that qualify as cash flow hedges are initially recorded in other comprehensive income and are subsequently reclassified into earnings in the period that the hedged transaction affects. Interest rate swaps with notional amounts totaling $ 2.3 billion as of December 31, 2021 and December 31, 2020, were designated as cash flow hedges of certain FHLB borrowings. The following table summarizes information about the interest rate swaps designated as cash flow hedges at December 31, 2021 and December 31, 2020: (dollars in millions) December 31, December 31, Notional amounts $ 2,250 $ 2,250 Cash collateral posted 12 46 Weighted average pay rates 1.27 % 1.27 % Weighted average receive rates 0.18 % 0.23 % Weighted average maturity 0.9 years 1.9 years The following table presents the effect of the Company’s cash flow derivative instruments on AOCL for the year ending December 31, 2021: (in millions) For the Twelve For the Twelve Amount of (loss) gain recognized in AOCL $ 8 $ ( 58 ) Amount of reclassified from AOCL to interest expense 25 12 Gains (losses) included in the Consolidated Statements of Income related to interest rate derivatives designated as cash flow hedges during the twelve months ended December 31, 2021 was $ 25 million. Amounts reported in AOCL related to derivatives will be reclassified to interest expense as interest payments are made on the Company’s variable-rate borrowings. During the next twelve months, the Company estimates that an additional $ 25 million will be reclassified to interest expense.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2021
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 12: COMMITMENTS AND CONTINGENCIES Pledged Assets The Company pledges securities to serve as collateral for its repurchase agreements, among other purposes. At December 31, 2021 , the Company had pledged available for sale mortgage-related securities and other debt securities with carrying values of $ 704 million and $ 464 million, respectively. At December 31, 2020, the Company had pledged available for sale mortgage-related securities and other debt securities with carrying values of $ 898 million and $ 380 million, respectively. In addition, the Company had $ 33.9 billion and $ 33.5 billion of loans pledged to the FHLB-NY to serve as collateral for its wholesale borrowings at the respective year-ends. Loan Commitments and Letters of Credit At December 31, 2021 and 2020 , the Company had commitments to originate loans, including unused lines of credit, of $ 2.8 billion and $ 2.5 billion, respectively. The majority of the outstanding loan commitments at those dates were expected to close within 90 days. In addition, the Company had commitments to originate letters of credit totaling $ 291 million and $ 376 million at December 31, 2021 and 2020. The following table summarizes the Company’s off-balance sheet commitments to originate loans and letters of credit at December 31, 2021: (in millions) Mortgage Loan Commitments: Multi-family and commercial real estate $ 352 One-to-four family — Acquisition, development, and construction 168 Total mortgage loan commitments $ 520 Other loan commitments 2,301 Total loan commitments $ 2,821 Commercial, performance stand-by, and financial stand-by letters of credit 291 Total commitments $ 3,112 Financial Guarantees The Company provides guarantees and indemnifications to its customers to enable them to complete a variety of business transactions and to enhance their credit standings. These guarantees are recorded at their respective fair values in “Other liabilities” in the Consolidated Statements of Condition. The Company deems the fair value of the guarantees to equal the consideration received. The following table summarizes the Company’s guarantees and indemnifications at December 31, 2021: (in millions) Expires Within Expires After Total Maximum Financial stand-by letters of credit $ 77 $ 60 $ 137 $ 271 Performance stand-by letters of credit 3 — 3 3 Commercial letters of credit 7 1 8 17 Total letters of credit $ 87 $ 61 $ 148 $ 291 The maximum potential amount of future payments represents the notional amounts that could be funded under the guarantees and indemnifications if there were a total default by the guaranteed parties or if indemnification provisions were triggered, as applicable, without consideration of possible recoveries under recourse provisions or from collateral held or pledged. The Company collects fees upon the issuance of commercial and stand-by letters of credit. Fees for stand-by letters of credit fees are initially recorded by the Company as a liability, and are recognized as income periodically through the respective expiration dates. Fees for commercial letters of credit are collected and recognized as income at the time that they are issued and upon payment of each set of documents presented. In addition, the Company requires adequate collateral, typically in the form of cash, real property, and/or personal guarantees upon its issuance of irrevocable stand-by letters of credit. Commercial letters of credit are primarily secured by the goods being purchased in the underlying transaction and are also personally guaranteed by the owner(s) of the applicant company. At December 31, 2021 , the Company had no commitments to purchase securities. Legal Proceedings Following the announcement of the Merger Agreement, the first of four lawsuits was filed on June 23, 2021 in United States Federal District Courts by alleged stockholders of NYCB against NYCB and the members of its board of directors challenging the accuracy or completeness of the disclosures contained in the Form S-4 filed on June 25, 2021 by NYCB with the SEC relating to the proposed Merger. Four additional lawsuits were filed by alleged Flagstar stockholders in state and federal courts against Flagstar and its board of directors (and, in one instance, NYCB and 615 Corp.) challenging the proposed Merger or Flagstar’s disclosures relating to the Merger, and those four lawsuits have since been resolved and dismissed. The complaints in the actions against NYCB allege, among other things, that the defendants caused a materially incomplete and misleading Form S-4 relating to the proposed Merger to be filed with the SEC in violation of Section 14(a) and Section 20(a) of the Securities Exchange Act of 1934, as amended, and Rule 14a-9 promulgated thereunder. None of NYCB defendants has been served with the complaint in any of these actions, and NYCB believes that these claims are without merit.

Intangible Assets

Intangible Assets	12 Months Ended
	Dec. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]
Intangible Assets	NOTE 13: INTANGIBLE ASSETS Goodwill Goodwill is presumed to have an indefinite useful life and is tested for impairment, rather than amortized, at the reporting unit level, at least once a year. There was no change in goodwill during the year ended December 31, 2021 .

Employee Benefits

Employee Benefits	12 Months Ended
	Dec. 31, 2021
Compensation And Retirement Disclosure [Abstract]
Employee Benefits	NOTE 14: EMPLOYEE BENEFITS Retirement Plan The New York Community Bancorp, Inc. Retirement Plan (the “Retirement Plan”) covers substantially all employees who had attained minimum age, service, and employment status requirements prior to the date when the individual plans were frozen by the banks of origin. Once frozen, the individual plans ceased to accrue additional benefits, service, and compensation factors, and became closed to employees who would otherwise have met eligibility requirements after the “freeze” date. The following table sets forth certain information regarding the Retirement Plan as of the dates indicated: December 31, (in millions) 2021 2020 Change in Benefit Obligation: Benefit obligation at beginning of year $ 172 $ 160 Interest cost 4 5 Actuarial loss (gain) ( 9 ) 15 Annuity payments ( 6 ) ( 7 ) Settlements ( 3 ) ( 1 ) Benefit obligation at end of year $ 158 $ 172 Change in Plan Assets: Fair value of assets at beginning of year $ 261 $ 243 Actual return (loss) on plan assets 31 26 Contributions — — Annuity payments ( 6 ) ( 7 ) Settlements ( 3 ) ( 1 ) Fair value of assets at end of year $ 283 $ 261 Funded status (included in “Other assets”) $ 125 $ 89 Changes recognized in other comprehensive income for the year ended Amortization of prior service cost $ — $ — Amortization of actuarial loss ( 7 ) ( 7 ) Net actuarial (gain) loss arising during the year ( 23 ) 4 Total recognized in other comprehensive income for the year (pre-tax) $ ( 30 ) $ ( 3 ) Accumulated other comprehensive loss (pre-tax) not yet recognized Prior service cost $ — $ — Actuarial loss, net 43 73 Total accumulated other comprehensive loss (pre-tax) $ 43 $ 73 In 2022, an estimated $ 2 million of unrecognized net actuarial loss for the Retirement Plan will be amortized from AOCL into net periodic benefit cost. The comparable amount recognized as net periodic benefit cost in 2021 was $ 7 million. No prior service cost will be amortized in 2022 and none was amortized in 2021. The discount rates used to determine the benefit obligation at December 31, 2021 and 2020 were 2.6 % and 2.2 %, respectively. The discount rate reflects rates at which the benefit obligation could be effectively settled. To determine this rate, the Company considers rates of return on high-quality fixed-income investments that are currently available and are expected to be available during the period until the pension benefits are paid. The expected future payments are discounted based on a portfolio of high-quality rated bonds (AA or better) for which the Company relies on the Financial Times Stock Exchange (“FTSE”) Pension Liability Index that is published as of the measurement date. The components of net periodic pension (credit) expense were as follows for the years indicated: Years Ended December 31, (in millions) 2021 2020 2019 Components of net periodic pension expense (credit): Interest cost $ 4 $ 5 $ 6 Expected return on plan assets ( 16 ) ( 15 ) ( 14 ) Amortization of net actuarial loss 7 7 10 Net periodic pension (credit) expense $ ( 5 ) $ ( 3 ) $ 2 The following table indicates the weighted average assumptions used in determining the net periodic benefit cost for the years indicated: Years Ended December 31, 2021 2020 2019 Discount rate 2.2 % 3.0 % 4.1 % Expected rate of return on plan assets 6.3 6.5 6.8 As of December 31, 2021, Retirement Plan assets were invested in two diversified investment portfolios of the Pentegra Retirement Trust (the “Trust”), a private placement investment fund. The Company (in this context, the “Plan Sponsor”) chooses the specific asset allocation for the Retirement Plan within the parameters set forth in the Trust’s Investment Policy Statement. The long-term investment objectives are to maintain the Retirement Plan’s assets at a level that will sufficiently cover the Plan Sponsor’s long-term obligations, and to generate a return on those assets that will meet or exceed the rate at which the Plan Sponsor’s long-term obligations will grow. The Retirement Plan allocates its assets in accordance with the following targets: • To hold 55 % of its assets in equity securities via investment in the Trust’s Long-Term Growth—Equity (“LTGE”) Portfolio, a diversified portfolio that invests in a number of actively and passively managed equity mutual funds and collective trusts in order to gain exposure to both U.S. and non-U.S. equity markets; • To hold 44 % of its assets in intermediate-term investment-grade bonds via investment in the Long-Term Growth—Fixed Income (“LTGFI”) Portfolio, a diversified portfolio that invests in a number of fixed-income mutual funds and collective investment trusts, primarily including intermediate-term bond funds with a focus on U.S. investment grade securities and opportunistic allocations to below-investment grade and non-U.S. investments; and • To hold 1 % in a cash equivalents portfolio for liquidity purposes. In addition, the Retirement Plan holds Company shares, the value of which is approximately equal to 13 % of the assets that are held by the Trust. The LTGE and LTGFI portfolios are designed to provide long-term growth of equity and fixed-income assets with the objective of achieving an investment return in excess of the cost of funding the active life, deferred vesting, and all 30-year term and longer obligations of retired lives in the Trust. Risk and volatility are further managed in accordance with the distinct investment objectives of the Trust’s respective portfolios. The following table presents information about the fair value measurements of the investments held by the Retirement Plan as of December 31, 2021: (in millions) Total Quoted Prices Significant Other Significant Equity: Large-cap value (1) $ 24 $ — $ 24 $ — Large-cap growth (2) 27 — 27 — Large-cap core (3) 17 — 17 — Mid-cap value (4) 7 — 7 — Mid-cap growth (5) 6 — 6 — Mid-cap core (6) 6 — 6 — Small-cap value (7) 3 — 3 — Small-cap growth (8) 7 — 7 — Small-cap core (9) 5 — 5 — International equity (10) 37 — 37 — Fixed Income Funds: Fixed Income – U.S. Core (11) 77 — 77 — Intermediate duration (12) 26 — 26 — Equity Securities: Company common stock 36 36 — — Cash Equivalents: Money market * 5 1 4 — $ 283 $ 37 $ 246 $ — * Includes cash equivalent investments in equity and fixed income strategies. (1) This category contains large-cap stocks with above-average yield. The portfolio typically holds between 60 and 70 stocks. (2) This category seeks long-term capital appreciation by investing primarily in large growth companies based in the U.S. (3) This fund tracks the performance of the S&P 500 Index by purchasing the securities represented in the Index in approximately the same weightings as the Index. (4) This category employs an indexing investment approach designed to track the performance of the CRSP US Mid-Cap Value Index. (5) This category employs an indexing investment approach designed to track the performance of the CRSP US Mid-Cap Growth Index. (6) This category seeks to track the performance of the S&P Midcap 400 Index. (7) This category consists of a selection of investments based on the Russell 2000 Value Index. (8) This category consists of a mutual fund invested in small cap growth companies along with a fund invested in a selection of investments based on the Russell 2000 Growth Index. (9) This category consists of a mutual fund investing in readily marketable securities of U.S. companies with market capitalizations within the smallest 10 % of the market universe, or smaller than the 1000th largest US company. (10) This category invests primarily in medium to large non-US companies in developed and emerging markets. Under normal circumstances, at least 80 % of total assets will be invested in equity securities, including common stocks, preferred stocks, and convertible securities. (11) This category currently includes equal investments in three mutual funds, two of which usually hold at least 80 % of fund assets in investment grade fixed income securities, seeking to outperform the Barclays US Aggregate Bond Index while maintaining a similar duration to that index. The third fund targets investments of 50 % or more in mortgage-backed securities guaranteed by the US government and its agencies. (12) This category consists of a mutual fund which invest in a diversified portfolio of high-quality bonds and other fixed income securities, including U.S. Government obligations, mortgage-related and asset backed securities, corporate and municipal bonds, CMOs, and other securities mostly rated A or better. Current Asset Allocation The asset allocations for the Retirement Plan as of December 31, 2021 and 2020 were as follows: At December 31, 2021 2020 Equity securities 62 % 60 % Debt securities 36 38 Cash equivalents 2 2 Total 100 % 100 % Determination of Long-Term Rate of Return The long-term rate of return on Retirement Plan assets assumption was based on historical returns earned by equities and fixed income securities, and adjusted to reflect expectations of future returns as applied to the Retirement Plan’s target allocation of asset classes. Equities and fixed income securities were assumed to earn long-term rates of return in the ranges of 6 % to 8 % and 3 % to 5 %, respectively, with an assumed long-term inflation rate of 2.5 % reflected within these ranges. When these overall return expectations are applied to the Retirement Plan’s target allocations, the result is an expected rate of return of 5 % to 7 %. Expected Contributions The Company does not expect to contribute to the Retirement Plan in 2022. Expected Future Annuity Payments The following annuity payments, which reflect expected future service, as appropriate, are expected to be paid by the Retirement Plan during the years indicated: (in millions) 2022 $ 8 2023 8 2024 8 2025 9 2026 8 2027 and thereafter 44 Total $ 85 Qualified Savings Plan (401(k) Plan) The Company maintains a defined contribution qualified savings plan in the form of a 401(k) plan in which all salaried employees are able to participate after one month of service and having attained age 21. The Company instituted a safe harbor matching contribution program during the year ended December 31, 2020, and accordingly, the Company matches a portion of employee 401(k) plan contributions. Such expense totaled $ 6 million for the twelve months ended December 31, 2021 and 2020. Post-Retirement Health and Welfare Benefits The Company offers certain post-retirement benefits, including medical, dental, and life insurance (the “Health & Welfare Plan”) to retired employees, depending on age and years of service at the time of retirement. The costs of such benefits are accrued during the years that an employee renders the necessary service. The Health & Welfare Plan is an unfunded plan and is not expected to hold assets for investment at any time. Any contributions made to the Health & Welfare Plan are used to immediately pay plan premiums and claims as they come due. The following table sets forth certain information regarding the Health & Welfare Plan as of the dates indicated: December 31, (in millions) 2021 2020 Change in benefit obligation: Benefit obligation at beginning of year $ 12 $ 12 Interest cost — — Actuarial gain ( 2 ) — Premiums and claims paid — — Benefit obligation at end of year $ 10 12 Change in plan assets: Fair value of assets at beginning of year $ — $ — Employer contribution — 1 Premiums and claims paid — ( 1 ) Fair value of assets at end of year $ — $ — Funded status (included in “Other liabilities”) $ ( 10 ) ( 12 ) Changes recognized in other comprehensive income for Amortization of prior service cost $ — $ — Amortization of actuarial gain — — Net actuarial (gain) loss arising during the year ( 2 ) — Total recognized in other comprehensive income for the year (pre-tax) $ ( 2 ) $ — Accumulated other comprehensive loss (pre-tax) not yet recognized Prior service cost $ — $ — Actuarial loss, net — 1 Total accumulated other comprehensive income (pre-tax) $ — $ 1 The discount rates used in the preceding table were 2.3 % at December 31, 2021 and 2.0 % at December 31, 2020. The estimated net actuarial loss and the prior service liability that will be amortized from AOCL into net periodic benefit cost in 2022 are $ 0 and $ 0 , respectively. The following table presents the components of net periodic benefit cost for the years indicated: Years Ended December 31, (in millions) 2021 2020 2019 Components of Net Periodic Benefit Cost: Service cost $ — $ — $ — Interest cost — — — Amortization of past-service liability — — — Amortization of net actuarial loss — — — Net periodic benefit cost $ — $ — $ — (1) All numbers round to zero. The following table presents the weighted average assumptions used in determining the net periodic benefit cost for the years indicated: Years Ended December 31, 2021 2020 2019 Discount rate 2.0 % 2.9 % 3.9 % Current medical trend rate 6.5 6.5 6.5 Ultimate trend rate 5.0 5.0 5.0 Year when ultimate trend rate will be reached 2027 2026 2025 Expected Contributions The Company expects to contribute $ 1 million to the Health & Welfare Plan to pay premiums and claims in the fiscal year ending December 31, 2022. Expected Future Payments for Premiums and Claims The following amounts are currently expected to be paid for premiums and claims during the years indicated under the Health & Welfare Plan: (in millions) 2022 $ 1 2023 1 2024 1 2025 1 2026 1 2027 and thereafter 2 Total $ 7

Stock-Related Benefit Plans

Stock-Related Benefit Plans	12 Months Ended
	Dec. 31, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-Related Benefit Plans	NOTE 15: STOCK-RELATED BENEFIT PLANS New York Community Bank Employee Stock Ownership Plan On December 6, 2021, the ESOP was terminated with the assets in the ESOP merged into the employee’s 401(k) plan. After the merger of the ESOP into the 401(k) plan, the Company allocated $ 4 million into eligible participant’s accounts. In 2020 and 2019, the Company allocated 405,167 and 349,356 shares, respectively, to participants in the ESOP. For each of the years ended December 31, 2021, 2020, and 2019, the Company recorded expense of $ 4 million. Supplemental Executive Retirement Plan The Bank has established a Supplemental Executive Retirement Plan (“SERP”), which provided additional unfunded, non-qualified benefits to certain participants in the ESOP in the form of Company common stock. The SERP was frozen in 1999. Trust-held assets, consisting entirely of Company common stock, amounted to 1,006,186 and 2,191,915 shares, respectively, at December 31, 2021 and 2020, including shares purchased through dividend reinvestment. The cost of these shares is reflected as a reduction of paid-in capital in excess of par in the Consolidated Statements of Condition. Stock Based Compensation At December 31, 2021 , the Company had a total of 8,548,783 shares available for grants as restricted stock, options, or other forms of related rights under the 2020 Incentive Plan, which was approved by the Company’s shareholders at its Annual Meeting on June 3, 2020. The Company granted 3,131,949 shares of restricted stock, with an average fair value of $ 11.20 per share on the date of grant, during the twelve months ended December 31, 2021. During 2020 and 2019, the Company granted 2,421,345 shares and 2,031,198 shares, respectively, of restricted stock, which had average fair values of $ 11.61 and $ 10.45 per share on the respective grant dates. The shares of restricted stock that were granted during the years ended December 31, 2021, 2020, and 2019 vest over a period of five years . Compensation and benefits expense related to the restricted stock grants is recognized on a straight-line basis over the vesting period and totaled $ 27 million, $ 28 million, and $ 31 million, respectively, for the years ended December 31, 2021, 2020, and 2019. The following table provides a summary of activity with regard to restricted stock awards in the year ended December 31, 2021: For the Year Ended Number of Shares Weighted Unvested at beginning of year 6,228,048 $ 12.43 Granted 3,131,949 11.20 Vested ( 2,107,282 ) 13.15 Canceled ( 302,380 ) 11.71 Unvested at end of year 6,950,335 11.68 As of December 31, 2021 , unrecognized compensation cost relating to unvested restricted stock totaled $ 55 million. This amount will be recognized over a remaining weighted average period of 2.9 years. The following table provides a summary of activity with regard to Performance-Based Restricted Stock Units ("PSUs") in th e twelve months ended December 31, 2021: Number of Performance Expected Outstanding at beginning of year 477,872 Granted 356,740 January 1, 2021 - December 31, 2023 March 31, 2024 Outstanding at end of period 834,612

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	NOTE 16: FAIR VALUE MEASUREMENTS GAAP sets forth a definition of fair value, establishes a consistent framework for measuring fair value, and requires disclosure for each major asset and liability category measured at fair value on either a recurring or non-recurring basis. GAAP also clarifies that fair value is an “exit” price, representing the amount that would be received when selling an asset, or paid when transferring a liability, in an orderly transaction between market participants. Fair value is thus a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. As a basis for considering such assumptions, GAAP establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows: • Level 1 – Inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. • Level 2 – Inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. • Level 3 – Inputs to the valuation methodology are significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants use in pricing an asset or liability. A financial instrument’s categorization within this valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The following tables present assets and liabilities that were measured at fair value on a recurring basis as of December 31, 2021 and 2020, and that were included in the Company’s Consolidated Statements of Condition at those dates: Fair Value Measurements at December 31, 2021 (in millions) Quoted Significant Significant Netting Total Assets: Mortgage-related Debt Securities GSE certificates $ — $ 1,107 $ — $ — $ 1,107 GSE CMOs — 1,683 — — 1,683 Total mortgage-related debt securities $ — $ 2,790 $ — $ — $ 2,790 Other Debt Securities Available for Sale: U. S. Treasury obligations $ 45 $ — $ — $ — $ 45 GSE debentures — 1,480 — — 1,480 Asset-backed securities — 479 — — 479 Municipal bonds — 25 — — 25 Corporate bonds — 838 — — 838 Foreign notes — 26 — — 26 Capital trust notes — 97 — — 97 Total other debt securities $ 45 $ 2,945 $ — $ — $ 2,990 Total debt securities available for sale $ 45 $ 5,735 $ — $ — $ 5,780 Equity securities: Preferred stock $ — $ — $ — $ — $ — Mutual funds and common stock — 16 — — 16 Total equity securities $ — $ 16 $ — $ — $ 16 Total securities $ 45 $ 5,751 $ — $ — $ 5,796 Fair Value Measurements at December 31, 2020 (in millions) Quoted Significant Significant Netting Total Assets: Mortgage-Related Debt Securities GSE certificates $ — $ 1,209 $ — $ — $ 1,209 GSE CMOs — 1,829 — — 1,829 Total mortgage-related debt securities $ — $ 3,038 $ — $ — $ 3,038 Other Debt Securities Available U.S. Treasury obligations $ 65 $ — $ — $ — $ 65 GSE debentures — 1,158 — — 1,158 Asset-backed securities — 527 — — 527 Municipal bonds — 26 — — 26 Corporate bonds — 882 — — 882 Foreign notes — 26 — — 26 Capital trust notes — 91 — — 91 Total other debt securities $ 65 $ 2,710 $ — $ — $ 2,775 Total debt securities available for sale $ 65 $ 5,748 $ — $ — $ 5,813 Equity securities: — — Preferred stock $ 15 $ — $ — $ — $ 15 Mutual funds and common stock — 16 — — 16 Total equity securities $ 15 $ 16 $ — $ — $ 31 Total securities $ 80 $ 5,764 $ — $ — $ 5,844 The Company reviews and updates the fair value hierarchy classifications for its assets on a quarterly basis. Changes from one quarter to the next that are related to the observability of inputs for a fair value measurement may result in a reclassification from one hierarchy level to another. A description of the methods and significant assumptions utilized in estimating the fair values of securities follows: Where quoted prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. Level 1 securities include highly liquid government securities and exchange-traded securities. If quoted market prices are not available for a specific security, then fair values are estimated by using pricing models. These pricing models primarily use market-based or independently sourced market parameters as inputs, including, but not limited to, yield curves, interest rates, equity or debt prices, and credit spreads. In addition to observable market information, models incorporate transaction details such as maturity and cash flow assumptions. Securities valued in this manner would generally be classified within Level 2 of the valuation hierarchy, and primarily include such instruments as mortgage-related and corporate debt securities. Periodically, the Company uses fair values supplied by independent pricing services to corroborate the fair values derived from the pricing models. In addition, the Company reviews the fair values supplied by independent pricing services, as well as their underlying pricing methodologies, for reasonableness. The Company challenges pricing service valuations that appear to be unusual or unexpected. While the Company believes its valuation methods are appropriate, and consistent with those of other market participants, the use of different methodologies or assumptions to determine the fair values of certain financial instruments could result in different estimates of fair values at a reporting date. Assets Measured at Fair Value on a Non-Recurring Basis Certain assets are measured at fair value on a non-recurring basis. Such instruments are subject to fair value adjustments under certain circumstances (e.g., when there is evidence of impairment). The following tables present assets that were measured at fair value on a non-recurring basis as of December 31, 2021 and 2020, and that were included in the Company’s Consolidated Statements of Condition at those dates: Fair Value Measurements at December 31, 2021 Using (in millions) Quoted Prices Significant Significant Total Fair Certain loans (1) $ — $ — $ 32 $ 32 Other assets (2) — — 32 32 Total $ — $ — $ 64 $ 64 (1) Represents the fair value of certain loans individually assessed for impairment, based on the value of the collateral. (2) Represents the fair value of repossessed assets, based on the appraised value of the collateral subsequent to its initial classification as repossessed assets and equity securities without readily determinable fair values. These equity securities are classified as Level 3 due to the infrequency of the observable prices and/or the restrictions on the shares. Fair Value Measurements at December 31, 2020 Using (in millions) Quoted Prices Significant Significant Total Fair Certain impaired loans (1) $ — $ — $ 41 $ 41 Other assets (2) — — 6 6 Total $ — $ — $ 47 $ 47 (1) R epresents the fair value of impaired loans, based on the value of the collateral. (2) Represe nts the fair value of repossessed assets, based on the appraised value of the collateral subsequent to its initial classification as repossessed assets. The fair values of collateral-dependent impaired loans are determined using various valuation techniques, including consideration of appraised values and other pertinent real estate and other market data. Other Fair Value Disclosures For the disclosure of fair value information about the Company’s on- and off-balance sheet financial instruments, when available, quoted market prices are used as the measure of fair value. In cases where quoted market prices are not available, fair values are based on present-value estimates or other valuation techniques. Such fair values are significantly affected by the assumptions used, the timing of future cash flows, and the discount rate. Because assumptions are inherently subjective in nature, estimated fair values cannot be substantiated by comparison to independent market quotes. Furthermore, in many cases, the estimated fair values provided would not necessarily be realized in an immediate sale or settlement of such instruments. The following tables summarize the carrying values, estimated fair values, and fair value measurement levels of financial instruments that were not carried at fair value on the Company’s Consolidated Statements of Condition at December 31, 2021 and 2020: December 31, 2021 Fair Value Measurement Using (in millions) Carrying Estimated Quoted Prices Significant Significant Financial Assets: Cash and cash equivalents $ 2,211 $ 2,211 $ 2,211 $ — $ — FHLB stock (1) 734 734 — 734 — Loans and leases, net 45,539 44,748 — — 44,748 Financial Liabilities: Deposits $ 35,059 $ 35,051 $ 26,635 (2) $ 8,416 (3) $ — Borrowed funds 16,562 17,169 — 17,169 — (1) Carrying value and estimated fair value are at cost. (2) Interest-bearing checking and money market accounts, savings accounts, and non-interest-bearing accounts. (3) Certificates of deposit. December 31, 2020 Fair Value Measurement Using (in millions) Carrying Estimated Quoted Prices Significant Significant Financial Assets: Cash and cash equivalents $ 1,948 $ 1,948 $ 1,947,931 $ — $ — FHLB stock (1) 714 714 — 714 — Loans and leases, net 42,807 42,376 — — 42,376 Financial Liabilities: Deposits $ 32,437 $ 32,466 $ 22,106 (2) $ 10,360 (3) $ — Borrowed funds 16,084 16,794 — 16,794 — (1) Carryin g value and estimated fair value are at cost. (2) Interest-bearing checking and money market accounts, savings accounts, and non-interest-bearing accounts. (3) Certificates of deposit. The methods and significant assumptions used to estimate fair values for the Company’s financial instruments follow: Cash and Cash Equivalents Cash and cash equivalents include cash and due from banks and federal funds sold. The estimated fair values of cash and cash equivalents are assumed to equal their carrying values, as these financial instruments are either due on demand or have short-term maturities. Securities If quoted market prices are not available for a specific security, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics, or discounted cash flows. These pricing models primarily use market-based or independently sourced market parameters as inputs, including, but not limited to, yield curves, interest rates, equity or debt prices, and credit spreads. In addition to observable market information, pricing models also incorporate transaction details such as maturities and cash flow assumptions. Federal Home Loan Bank Stock Ownership in equity securities of the FHLB is generally restricted and there is no established liquid market for their resale. The carrying amount approximates the fair value. Loans The Company discloses the fair value of loans measured at amortized cost using an exit price notion. The Company determined the fair value on substantially all of its loans for disclosure purposes, on an individual loan basis. The discount rates reflect current market rates for loans with similar terms to borrowers having similar credit quality on an exit price basis. The estimated fair values of non-performing mortgage and other loans are based on recent collateral appraisals. For those loans where a discounted cash flow technique was not considered reliable, the Company used a quoted market price for each individual loan. Deposits The fair values of deposit liabilities with no stated maturity (i.e., interest-bearing checking and money market accounts, savings accounts, and non-interest-bearing accounts) are equal to the carrying amounts payable on demand. The fair values of CDs represent contractual cash flows, discounted using interest rates currently offered on deposits with similar characteristics and remaining maturities. These estimated fair values do not include the intangible value of core deposit relationships, which comprise a portion of the Company’s deposit base. Borrowed Funds The estimated fair value of borrowed funds is based either on bid quotations received from securities dealers or the discounted value of contractual cash flows with interest rates currently in effect for borrowed funds with similar maturities and structures. Off-Balance Sheet Financial Instruments The fair values of commitments to extend credit and unadvanced lines of credit are estimated based on an analysis of the interest rates and fees currently charged to enter into similar transactions, considering the remaining terms of the commitments and the creditworthiness of the potential borrowers. The estimated fair values of such off-balance sheet financial instruments were insignificant at December 31, 2021 and 2020 .

Dividend Restrictions

Dividend Restrictions	12 Months Ended
	Dec. 31, 2021
Equity [Abstract]
Dividend Restrictions	NOTE 17: DIVIDEND RESTRICTIONS The Parent Company is a separate legal entity from the Bank and must provide for its own liquidity. In addition to operating expenses and any share repurchases, the Parent Company is responsible for paying any dividends declared to the Company’s shareholders. As a Delaware corporation, the Parent Company is able to pay dividends either from surplus or, in case there is no surplus, from net profits for the fiscal year in which the dividend is declared and/or the preceding fiscal year. Various legal restrictions limit the extent to which the Company’s subsidiary bank can supply funds to the Parent Company and its non-bank subsidiaries. The Company’s subsidiary bank would require the approval of the Superintendent of the NYSDFS if the dividends they declared in any calendar year were to exceed the total of their respective net profits for that year combined with their respective retained net profits for the preceding two calendar years, less any required transfer to paid-in capital. The term “net profits” is defined as the remainder of all earnings from current operations plus actual recoveries on loans, investments, and other assets, after deducting from the total thereof all current operating expenses, actual losses if any, and all federal, state, and local taxes. In 2021, dividends of $ 380.0 million were paid by the Bank to the Parent Company. At December 31, 2021 , the Bank could have paid additional dividends of $ 469 million to the Parent Company without regulatory approval.

Parent Company Only Financial I

Parent Company Only Financial Information	12 Months Ended
	Dec. 31, 2021
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Parent Company Only Financial Information	NOTE 18: PARENT COMPANY-ONLY FINANCIAL INFORMATION The following tables present the condensed financial statements for New York Community Bancorp, Inc. (Parent Company only): Condensed Statements of Condition December 31, (in millions) 2021 2020 ASSETS: Cash and cash equivalents $ 139 151 Investments in subsidiaries 7,525 7,334 Receivables from subsidiaries 3 — Other assets 45 23 Total assets $ 7,712 7,508 LIABILITIES AND STOCKHOLDERS’ EQUITY: Junior subordinated debentures $ 361 360 Subordinated notes 296 296 Other liabilities 11 10 Total liabilities 668 666 Stockholders’ equity 7,044 6,842 Total liabilities and stockholders’ equity $ 7,712 7,508 Condensed Statements of Income Years Ended December 31, (in millions) 2021 2020 2019 Interest income $ — $ — $ — Dividends received from subsidiaries 380 380 380 Other income 1 1 1 Gross income 381 381 381 Operating expenses 50 52 50 Income before income tax benefit and equity in underdistributed 331 329 331 Income tax benefit 14 14 14 Income before equity in underdistributed earnings of subsidiaries 345 343 345 Equity in underdistributed earnings of subsidiaries 251 168 50 Net income $ 596 $ 511 $ 395 Condensed Statements of Cash Flows Years Ended December 31, (in millions) 2021 2020 2019 CASH FLOWS FROM OPERATING ACTIVITIES: Net income $ 596 $ 511 $ 395 Change in other assets ( 22 ) — — Change in other liabilities 1 — ( 2 ) Other, net 32 30 33 Equity in undistributed earnings of subsidiaries ( 251 ) ( 168 ) ( 50 ) Net cash provided by operating activities 356 373 376 CASH FLOWS FROM INVESTING ACTIVITIES: Change in receivable from subsidiaries, net ( 3 ) 2 4 Net cash (used in) provided by investing activities ( 3 ) 2 4 CASH FLOWS FROM FINANCING ACTIVITIES: Treasury stock repurchased ( 16 ) ( 59 ) ( 75 ) Cash dividends paid on common and preferred stock ( 349 ) ( 348 ) ( 350 ) Net cash used in financing activities ( 365 ) ( 407 ) ( 425 ) Net decrease in cash and cash equivalents ( 12 ) ( 32 ) ( 45 ) Cash and cash equivalents at beginning of year 151 183 228 Cash and cash equivalents at end of year $ 139 $ 151 $ 183

Capital

Capital	12 Months Ended
	Dec. 31, 2021
Capital [Abstract]
Capital	NOTE 19: CAPITAL The Company is subject to examination, regulation, and periodic reporting under the Bank Holding Company Act of 1956, as amended, which is administered by the FRB. The FRB has adopted capital adequacy guidelines for bank holding companies (on a consolidated basis) that are substantially similar to those of the FDIC for the Bank. The following tables present the regulatory capital ratios for the Company at December 31, 2021 and 2020, in comparison with the minimum amounts and ratios required by the FRB for capital adequacy purposes: Risk-Based Capital At December 31, 2021 Common Equity Tier 1 Total Leverage Capital (dollars in millions) Amount Ratio Amount Ratio Amount Ratio Amount Ratio Total capital $ 4,226 9.68 % $ 4,729 10.83 % $ 5,558 12.73 % $ 4,729 8.46 % Minimum for capital 1,966 4.50 2,621 6.00 3,494 8.00 2,237 4.00 Excess $ 2,260 5.18 % $ 2,108 4.83 % $ 2,064 4.73 % $ 2,492 4.46 % Risk-Based Capital At December 31, 2020 Common Equity Tier 1 Total Leverage Capital (dollars in millions) Amount Ratio Amount Ratio Amount Ratio Amount Ratio Total capital $ 3,962 9.72 % $ 4,465 10.95 % $ 5,290 12.97 % $ 4,465 8.52 % Minimum for capital 1,834 4.50 2,446 6.00 3,262 8.00 2,096 4.00 Excess $ 2,128 5.22 % $ 2,019 4.95 % $ 2,028 4.97 % $ 2,369 4.52 % At December 31, 2021, our total risk-based capital ratio exceeded the minimum requirement for capital adequacy purposes by 473 basis points and the fully phased-in capital conservation buffer by 223 basis points. The Bank is subject to regulation, examination, and supervision by the NYSDFS and the FDIC (the “Regulators”). The Bank is also governed by numerous federal and state laws and regulations, including the FDIC Improvement Act of 1991, which established five categories of capital adequacy ranging from “well capitalized” to “critically undercapitalized.” Such classifications are used by the FDIC to determine various matters, including prompt corrective action and each institution’s FDIC deposit insurance premium assessments. Capital amounts and classifications are also subject to the Regulators’ qualitative judgments about the components of capital and risk weightings, among other factors. The quantitative measures established to ensure capital adequacy require that banks maintain minimum amounts and ratios of leverage capital to average assets and of common equity tier 1 capital, tier 1 capital, and total capital to risk-weighted assets (as such measures are defined in the regulations). At December 31, 2021, the Bank exceeded all the capital adequacy requirements to which they were subject. As of December 31, 2021 , the Company and the Bank are categorized as “well capitalized” under the regulatory framework for prompt corrective action. To be categorized as well capitalized, a bank must maintain a minimum common equity tier 1 risk-based capital ratio of 6.50 %; a minimum tier 1 risk-based capital ratio of 8.00 %; a minimum total risk-based capital ratio of 10.00 %; and a minimum leverage capital ratio of 5.00 %. In the opinion of management, no conditions or events have transpired since December 31, 2021 to change these capital adequacy classifications. The following tables present the actual capital amounts and ratios for the Bank at December 31, 2021 and 2020 in comparison to the minimum amounts and ratios required for capital adequacy purposes. Risk-Based Capital At December 31, 2021 Common Tier 1 Total Leverage (dollars in millions) Amount Ratio Amount Ratio Amount Ratio Amount Ratio Total capital $ 5,217 11.95 % $ 5,217 11.95 % $ 5,402 12.38 % $ 5,217 9.33 % Minimum for capital adequacy 1,964 4.50 2,619 6.00 3,491 8.00 2,236 4.00 Excess $ 3,253 7.45 % $ 2,598 5.95 % $ 1,911 4.38 % $ 2,981 5.33 % Risk-Based Capital At December 31, 2020 Common Tier 1 Total Leverage (dollars in millions) Amount Ratio Amount Ratio Amount Ratio Amount Ratio Total capital $ 4,964 12.18 % $ 4,964 12.18 % $ 5,145 12.62 % $ 4,964 9.48 % Minimum for capital adequacy 1,834 4.50 2,445 6.00 3,260 8.00 2,095 4.00 Excess $ 3,130 7.68 % $ 2,519 6.18 % $ 1,885 4.62 % $ 2,869 5.48 % Preferred Stock On March 17, 2017, the Company issued 20,600,000 depositary shares, each representing a 1/40th interest in a share of the Company’s Fixed-to-Floating Rate Series A Noncumulative Perpetual Preferred Stock, par value $ 0.01 per share, with a liquidation preference of $ 1.000 per share (equivalent to $ 25 per depositary share). Dividends will accrue on the depositary shares at a fixed rate equal to 6.375 % per annum until March 17, 2027, and a floating rate equal to Three-month LIBOR plus 382.1 basis points per annum beginning on March 17, 2027. Dividends will be payable in arrears on March 17, June 17, September 17, and December 17 of each year, which commenced on June 17, 2017 . Treasury Stock Repurchases On October 23, 2018, the Board of Directors approved the repurchase of up to $ 300 million of the Company’s outstanding common stock. As of December 31, 2021 , the Company has repurchased a total of 29 million shares at an average price of $ 9.63 or an aggregate purchase of $ 278 million. The Company had no repurchases during 2021. During the year ended December 31, 2020, the Company repurchased 5 million shares, at a cost of $ 50 million.

Pending Acquisition

Pending Acquisition	12 Months Ended
	Dec. 31, 2021
Business Combinations [Abstract]
Pending Acquisition	NOTE 20: PENDING ACQUISITION Acquisition of Flagstar Bancorp, Inc. On April 26, 2021, the Company announced it had entered into a definitive merger agreement (the "Merger Agreement") under which we would acquire Flagstar Bancorp, Inc. ("Flagstar") in a 100 % stock transaction valued at the time, at $ 2.6 billion. Under terms of the Merger Agreement, which was unanimously approved by the Boards of Directors of both companies, Flagstar shareholders will receive 4.0151 shares of New York Community Bancorp, Inc. common stock for each Flagstar share they own. Following completion of the merger, New York Community shareholders are expected to own 68 % of the combined company, while Flagstar shareholders are expected to own 32 % of the combined company. The new company will have $ 85 billion in total assets, operate nearly 400 traditional branches in nine states, and 83 retail home lending offices across a 28 -state footprint. It will be headquartered on Long Island, N.Y. with regional headquarters in Troy, Michigan, including Flagstar's mortgage operations. Both sets of shareholders approved the merger on August 4, 2021. The transaction is subject to the satisfaction of certain other customary closing conditions, including approvals from the NYSDFS, the FDIC, and the FRB.

Summary Of Significant Accoun_2

Summary Of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Organization	Organization New York Community Bancorp, Inc. (on a stand-alone basis, the “Parent Company” or, collectively with its subsidiaries, the “Company”) was organized under Delaware law on July 20, 1993 and is the holding company for New York Community Bank (hereinafter referred to as the “Bank”). Founded on April 14, 1859 and formerly known as Queens County Savings Bank, the Bank converted from a state-chartered mutual savings bank to the capital stock form of ownership on November 23, 1993, at which date the Company issued its initial offering of common stock (par value: $ 0.01 per share) at a price of $ 25.00 per share ( $ 0.93 per share on a split-adjusted basis, reflecting the impact of nine stock splits between 1994 and 2004 ). The Company currently operates 237 branches through eight local divisions, each with a history of service and strength: Queens County Savings Bank, Roslyn Savings Bank, Richmond County Savings Bank, Roosevelt Savings Bank, and Atlantic Bank in New York; Garden State Community Bank in New Jersey; Ohio Savings Bank in Ohio; and AmTrust Bank in Arizona and Florida.
Basis of Presentation	Basis of Presentation The following is a description of the significant accounting and reporting policies that the Company and its subsidiaries follow in preparing and presenting their consolidated financial statements, which conform to U.S. generally accepted accounting principles (“GAAP”) and to general practices within the banking industry. The preparation of financial statements in conformity with GAAP requires the Company to make estimates and judgments that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Estimates that are used in connection with the determination of the allowance for loan and lease losses. The accompanying consolidated financial statements include the accounts of the Company and other entities in which the Company has a controlling financial interest. All inter-company accounts and transactions are eliminated in consolidation. The Company currently has certain unconsolidated subsidiaries in the form of wholly-owned statutory business trusts, which were formed to issue guaranteed capital securities. See Note 9, “Borrowed Funds,” for additional information regarding these trusts. When necessary, certain reclassifications have been made to prior-year amounts to conform to the current-year presentation. Dollar amounts are presented in millions, as compared to prior year filings which were presented in thousands of dollars.
Cash and Cash Equivalents	Cash and Cash Equivalents For cash flow reporting purposes, cash and cash equivalents include cash on hand, amounts due from banks, and money market investments, which include federal funds sold and reverse repurchase agreements. At December 31, 2021 and 2020 , the Company’s cash and cash equivalents totaled $ 2.2 billion and $ 1.9 billion, respectively. Included in cash and cash equivalents at those dates were $ 1.7 billion and $ 1.6 billion, respectively, of interest-bearing deposits in other financial institutions, primarily consisting of balances due from the FRB-NY. There were no federal funds sold outstanding at December 31, 2021 or December 31, 2020 . There was $ 406 million of reverse repurchase agreements outstanding at December 31, 2021 . There was $ 193 million reverse repurchase agreements outstanding at December 31, 2020 .
Securities Available for Sale and Held to Maturity	Debt Securities and Equity Investments with Readily Determinable Fair Values The securities portfolio primarily consists of mortgage-related securities and, to a lesser extent, debt and equity securities. Securities that are classified as “available for sale” are carried at their estimated fair value, with any unrealized gains or losses, net of taxes, reported as accumulated other comprehensive income or loss in stockholders’ equity. Securities that the Company has the intent and ability to hold to maturity are classified as “held to maturity” and carried at amortized cost. The fair values of our securities—and particularly our fixed-rate securities—are affected by changes in market interest rates and credit spreads. In general, as interest rates rise and/or credit spreads widen, the fair value of fixed-rate securities will decline. As interest rates fall and/or credit spreads tighten, the fair value of fixed-rate securities will rise. The Company evaluates available-for-sale debt securities in unrealized loss positions at least quarterly to determine if an allowance for credit losses is required. Based on an evaluation of available information about past events, current conditions, and reasonable and supportable forecasts that are relevant to collectability, the Company has concluded that it expects to receive all contractual cash flows from each security held in its available-for-sale securities portfolio. The Company first assess whether (i) it intends to sell, or (ii) it is more likely than not that the Company will be required to sell the security before recovery of its amortized cost basis. If either of these criteria is met, any previously recognized allowances are charged off and the security’s amortized cost basis is written down to fair value through income. If neither of the aforementioned criteria are met, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an allowance for credit losses is recognized in other comprehensive income. Management has made the accounting policy election to exclude accrued interest receivable on available-for-sale securities from the estimate of credit losses. Available-for-sale debt securities are placed on non-accrual status when the Company no longer expects to receive all contractual amounts due, which is generally at 90 days past due. Accrued interest receivable is reversed against interest income when a security is placed on non-accrual status. Equity investments with readily determinable fair values are measured at fair value with changes in fair value recognized in net income. Premiums and discounts on securities are amortized to expense and accreted to income over the remaining period to contractual maturity using a method that approximates the interest method, and are adjusted for anticipated prepayments. Dividend and interest income are recognized when earned. The cost of securities sold is based on the specific identification method.
Federal Home Loan Bank Stock	Federal Home Loan Bank Stock As a member of the FHLB-NY, the Company is required to hold shares of FHLB-NY stock, which is carried at cost. The Company’s holding requirement varies based on certain factors, including its outstanding borrowings from the FHLB-NY. The Company conducts a periodic review and evaluation of its FHLB-NY stock to determine if any impairment exists. The factors considered in this process include, among others, significant deterioration in FHLB-NY earnings performance, credit rating, or asset quality; significant adverse changes in the regulatory or economic environment; and other factors that could raise significant concerns about the creditworthiness and the ability of the FHLB-NY to continue as a going concern.
Loans	Loans Loans, net, are carried at unpaid principal balances, including unearned discounts, purchase accounting (i.e., acquisition-date fair value) adjustments, net deferred loan origination costs or fees, and the allowance for credit losses on loans. The Company recognizes interest income on loans using the interest method over the life of the loan. Accordingly, the Company defers certain loan origination and commitment fees, and certain loan origination costs, and amortizes the net fee or cost as an adjustment to the loan yield over the term of the related loan. When a loan is sold or repaid, the remaining net unamortized fee or cost is recognized in interest income. Prepayment income on loans is recorded in interest income and only when cash is received. Accordingly, there are no assumptions involved in the recognition of prepayment income. Two factors are considered in determining the amount of prepayment income: the prepayment penalty percentage set forth in the loan documents, and the principal balance of the loan at the time of prepayment. The volume of loans prepaying may vary from one period to another, often in connection with actual or perceived changes in the direction of market interest rates. When interest rates are declining, rising precipitously, or perceived to be on the verge of rising, prepayment income may increase as more borrowers opt to refinance and lock in current rates prior to further increases taking place. A loan generally is classified as a “non-accrual” loan when it is 90 days or more past due or when it is deemed to be impaired because the Company no longer expects to collect all amounts due according to the contractual terms of the loan agreement. When a loan is placed on non-accrual status, management ceases the accrual of interest owed, and previously accrued interest is charged against interest income. A loan is generally returned to accrual status when the loan is current and management has reasonable assurance that the loan will be fully collectible. Interest income on non-accrual loans is recorded when received in cash.
Allowance for Credit Losses on Loans and Leases	Allowance for Credit Losses on Loans and Leases The Company’s January 1, 2020, adoption of ASU No. 2016-13, “Measurement of Credit Losses on Financial Instruments,” resulted in a significant change to our methodology for estimating the allowance since December 31, 2019. ASU No. 2016-13 replaces the incurred loss methodology with an expected loss methodology that is referred to as the CECL methodology. The measurement of expected credit losses under CECL is applicable to financial assets measured at amortized cost, including loan receivables. It also applies to off-balance sheet exposures not accounted for as insurance and net investments in leases accounted for under ASC Topic 842. At December 31, 2020, the allowance for loan and lease losses totaled $ 194 million. On January 1, 2020, the Company adopted the CECL methodology under ASU Topic 326 and recognized an increase in the ACL on loans and leases of $ 2 million as a “Day 1” transition adjustment from changes in methodology, with a corresponding decrease in retained earnings. Separately, at December 31, 2019, the Company had an allowance for unfunded commitments of $ 1 million. Upon adoption, the Company recognized an increase in the allowance for unfunded commitments of $ 13 million as a “Day 1” transition adjustment with a corresponding decrease in retained earnings. The allowance for credit losses on loans and leases is deducted from the amortized cost basis of a financial asset or a group of financial assets so that the balance sheet reflects the net amount the Company expects to collect. Amortized cost is the unpaid loan balance, net of deferred fees and expenses, and includes negative escrow. Subsequent changes (favorable and unfavorable) in expected credit losses are recognized immediately in net income as a credit loss expense or a reversal of credit loss expense. Management estimates the allowance by projecting and multiplying together the probability-of-default, loss-given-default and exposure-at-default depending on economic parameters for each month of the remaining contractual term. Economic parameters are developed using available information relating to past events, current conditions, economic forecasts, and macroeconomic assumptions. The Company’s economic parameters are forecast over a reasonable and supportable period of 24 months, and afterwards reverts to a historical average loss rate on a straight line basis over a 12 month period. Historical credit experience over the observation period provides the basis for the estimation of expected credit losses, with qualitative adjustments made for differences in current loan-specific risk characteristics such as differences in underwriting standards, portfolio mix, delinquency levels and terms, as well as for changes in environmental conditions, such as changes in legislation, regulation, policies, administrative practices or other relevant factors. Expected credit losses are estimated over the contractual term of the loans, adjusted for forecasted prepayments when appropriate. The contractual term excludes potential extensions or renewals. The methodology used in the estimation of the allowance for credit losses on loans and leases, which is performed at least quarterly, is designed to be dynamic and responsive to changes in portfolio credit quality and forecasted economic conditions. Each quarter the Company reassesses the appropriateness of the reasonable and supportable forecasting period, the reversion period and historical mean at the portfolio segment level, considering any required adjustments for differences in underwriting standards, portfolio mix, and other relevant data shifts over time. The allowance for credit losses on loans and leases is measured on a collective (pool) basis when similar risk characteristics exist. The portfolio segment represents the level at which a systematic methodology is applied to estimate credit losses. Management believes the products within each of the entity’s portfolio segments exhibit similar risk characteristics. Smaller pools of homogenous financing receivables with homogeneous risk characteristics were modeled using the methodology selected for the portfolio segment. The macroeconomic data used in the quantitative models are based on a reasonable and supportable forecast period of 24 months. The Company leverages economic projections including property market and prepayment forecasts from established independent third parties to inform its loss drivers in the forecast. Beyond this forecast period, the Company reverts to a historical average loss rate. This reversion to the historical average loss rate is performed on a straight-line basis over 12 months. Loans that do not share risk characteristics are evaluated on an individual basis. These include loans that are in nonaccrual status with balances above management determined materiality thresholds depending on loan class and also loans that are designated as TDR or “reasonably expected TDR” (criticized, classified, or maturing loans that will have a modification processed within the next three months). In addition, all taxi medallion loans are individually evaluated. If a loan is determined to be collateral dependent, or meets the criteria to apply the collateral dependent practical expedient, expected credit losses are determined based on the fair value of the collateral at the reporting date, less costs to sell as appropriate. The Company maintains an allowance for credit losses on off-balance sheet credit exposures. The Company estimates expected credit losses over the contractual period in which the Company is exposed to credit risk via a contractual obligation to extend credit, unless that obligation is unconditionally cancellable by the Company. The allowance for credit losses on off-balance sheet credit exposures is adjusted as a provision for credit losses expense. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over their estimated life. The Company examined historical credit conversion factor (“CCF”) trends to estimate utilization rates, and chose an appropriate mean CCF based on both management judgment and quantitative analysis. Quantitative analysis involved examination of CCFs over a range of fund-up windows (between 12 and 36 months) and comparison of the mean CCF for each fund-up window with management judgment determining whether the highest mean CCF across fund-up windows made business sense. The Company applies the same standards and estimated loss rates to the credit exposures as to the related class of loans. Allowance for Loan and Lease Losses - 2019 At December 31, 2019, the methodology used for the computation of the allowance for loan and lease losses the Bank segregated their loss factors (used for both criticized and non-criticized loans) into a component that was primarily based on historical loss rates and a component that was primarily based on other qualitative factors that are probable to affect loan collectability. In determining the allowance for loan and lease losses, management considers the Bank’s current business strategies and credit processes, including compliance with applicable regulatory guidelines and with guidelines approved by the Boards of Directors with regard to credit limitations, loan approvals, underwriting criteria, and loan workout procedures. The allowance for loan and lease losses is established based on management’s evaluation of incurred losses in the portfolio in accordance with GAAP, and is comprised of both specific valuation allowances and a general valuation allowance. Specific valuation allowances are established based on management’s analyses of individual loans that are considered impaired. If a loan is deemed to be impaired, management measures the extent of the impairment and establishes a specific valuation allowance for that amount. A loan is classified as impaired when, based on current information and/or events, it is probable that the Company will be unable to collect all amounts due under the contractual terms of the loan agreement. The Company applies this classification as necessary to loans individually evaluated for impairment in our portfolios. Smaller-balance homogenous loans and loans carried at the lower of cost or fair value are evaluated for impairment on a collective, rather than individual, basis. Loans to certain borrowers who have experienced financial difficulty and for which the terms have been modified, resulting in a concession, are considered TDRs and are classified as impaired. The Company primarily measures impairment on an individual loan and determine the extent to which a specific valuation allowance is necessary by comparing the loan’s outstanding balance to either the fair value of the collateral, less the estimated cost to sell, or the present value of expected cash flows, discounted at the loan’s effective interest rate. Generally, when the fair value of the collateral, net of the estimated cost to sell, or the present value of the expected cash flows is less than the recorded investment in the loan, any shortfall is promptly charged off. An allowance for unfunded commitments is maintained separate from the allowance for loan and lease losses and is included in Other liabilities in the Consolidated Statements of Condition.
Goodwill	Goodwill The Company adopted, on a prospective basis, ASU No. 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment on January 1, 2020. The Company has significant intangible assets related to goodwill and as of December 31, 2021, the Company had goodwill of $ 2.4 billion. In connection with its acquisitions, the assets acquired and liabilities assumed are recorded at their estimated fair values. Goodwill represents the excess of the purchase price of its acquisitions over the fair value of identifiable net assets acquired, including other identified intangible assets. The Company tests goodwill for impairment at the reporting unit level. The Company has identified one reporting unit which is the same as its operating segment and reportable segment. If the Company changes its strategy or if market conditions shift, its judgments may change, which may result in adjustments to the recorded goodwill balance. The Company performs its goodwill impairment test in the fourth quarter of each year, or more often if events or circumstances warrant. For annual goodwill impairment testing, the Company has the option to first perform a qualitative assessment to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount, including goodwill and other intangible assets. If the Company concludes that this is the case, it would compare the fair value the reporting unit with its carrying amount and recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value. The loss recognized, however, would not exceed the total amount of goodwill allocated to that reporting unit. Additionally, the Company would consider income tax effects from any tax deductible goodwill on the carrying amount of the reporting unit when measuring the goodwill impairment loss, if applicable. As of December 31, 2021, the Company’s goodwill was no t impaired.
Premises and Equipment, Net	Premises and Equipment, Net Premises, furniture, fixtures, and equipment are carried at cost, less the accumulated depreciation computed on a straight-line basis over the estimated useful lives of the respective assets (generally 20 years for premises and three to ten years for furniture, fixtures, and equipment). Leasehold improvements are carried at cost less the accumulated amortization computed on a straight-line basis over the shorter of the related lease term or the estimated useful life of the improvement. Depreciation is included in “Occupancy and equipment expense” in the Consolidated Statements of Income and Comprehensive Income, and amounted to $ 21 million, $ 24 million, and $ 27 million, respectively, in the years ended December 31, 2021, 2020, and 2019 .
Bank-Owned Life Insurance	Bank-Owned Life Insurance The Company has purchased life insurance policies on certain employees. These BOLI policies are recorded in the Consolidated Statements of Condition at their cash surrender value. Income from these policies and changes in the cash surrender value are recorded in “Non-interest income” in the Consolidated Statements of Income and Comprehensive Income. At December 31, 2021 and 2020, the Company’s investment in BOLI was $ 1.2 billion. The Company’s investment in BOLI generated income of $ 29 million, $ 32 million, and $ 28 million, respectively, during the years ended December 31, 2021, 2020, and 2019 .
Repossessed Assets and OREO	Repossessed Assets and OREO Repossessed assets consist of any property or other assets acquired through, or in lieu of, foreclosure are sold or rented, and are recorded at fair value, less the estimated selling costs, at the date of acquisition. Following foreclosure, management periodically performs a valuation of the asset, and the assets are carried at the lower of the carrying amount or fair value, less the estimated selling costs. Expenses and revenues from operations and changes in valuation, if any, are included in “General and administrative expense” in the Consolidated Statements of Income and Comprehensive Income. At December 31, 2021 , the Company had $ 3 million of OREO and $ 5 million of taxi medallions. At December 31, 2020 , the Company had $ 2 million of OREO and $ 7 million of taxi medallions.
Income Taxes	Income Taxes Income tax expense consists of income taxes that are currently payable and deferred income taxes. Deferred income tax expense is determined by recognizing deferred tax assets and liabilities for future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates that are expected to apply to taxable income in years in which those temporary differences are expected to be recovered or settled. The Company assesses the deferred tax assets and establishes a valuation allowance when realization of a deferred asset is not considered to be “more likely than not.” The Company considers its expectation of future taxable income in evaluating the need for a valuation allowance. The Company estimates income taxes payable based on the amount it expects to owe the various tax authorities (i.e., federal, state, and local). Income taxes represent the net estimated amount due to, or to be received from, such tax authorities. In estimating income taxes, management assesses the relative merits and risks of the appropriate tax treatment of transactions, taking into account statutory, judicial, and regulatory guidance in the context of the Company’s tax position. In this process, management also relies on tax opinions, recent audits, and historical experience. Although the Company uses the best available information to record income taxes, underlying estimates and assumptions can change over time as a result of unanticipated events or circumstances such as changes in tax laws and judicial guidance influencing its overall tax position.
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities The Company records all derivatives on the balance sheet at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings effect of the hedged forecasted transactions in a cash flow hedge. The Company may enter into derivative contracts that are intended to economically hedge certain of its risks, even though hedge accounting does not apply or the Company elects not to apply hedge accounting.
Stock-Based Compensation	Stock-Based Compensation Under the New York Community Bancorp, Inc. 2020 Omnibus Incentive Plan (the “2020 Incentive Plan”), which was approved by the Company’s shareholders at its Annual Meeting on June 3, 2020, shares are available for grant as restricted stock or other forms of related rights. At December 31, 2021 , the Company had 8,548,783 shares available for grant under the 2020 Incentive Plan. Compensation cost related to restricted stock grants is recognized on a straight-line basis over the vesting period. For a more detailed discussion of the Company’s stock-based compensation, see Note 15, “Stock-Related Benefit Plans.”
Retirement Plans	Retirement Plans The Company’s pension benefit obligations and post-retirement health and welfare benefit obligations, and the related costs, are calculated using actuarial concepts in accordance with GAAP. The measurement of such obligations and expenses requires that certain assumptions be made regarding several factors, most notably including the discount rate and the expected rate of return on plan assets. The Company evaluates these assumptions on an annual basis. Other factors considered by the Company in its evaluation include retirement patterns and mortality rates. Under GAAP, actuarial gains and losses, prior service costs or credits, and any remaining transition assets or obligations that have not been recognized under previous accounting standards must be recognized in AOCL until they are amortized as a component of net periodic benefit cost.
Earnings per Common Share (Basic and Diluted)	Earnings per Common Share (Basic and Diluted) Basic EPS is computed by dividing the net income available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted EPS is computed using the same method as basic EPS, however, the computation reflects the potential dilution that would occur if outstanding in-the-money stock options were exercised and converted into common stock. Unvested stock-based compensation awards containing non-forfeitable rights to dividends paid on the Company’s common stock are considered participating securities, and therefore are included in the two-class method for calculating EPS. Under the two-class method, all earnings (distributed and undistributed) are allocated to common shares and participating securities based on their respective rights to receive dividends on the common stock. The Company grants restricted stock to certain employees under its stock-based compensation plan. Recipients receive cash dividends during the vesting periods of these awards, including on the unvested portion of such awards. Since these dividends are non-forfeitable, the unvested awards are considered participating securities and therefore have earnings allocated to them. The following table presents the Company’s computation of basic and diluted earnings per common share for the years ended December 31, 2021, 2020, and 2019: Years Ended December 31, (in millions, except share and per share amounts) 2021 2020 2019 Net income available to common stockholders $ 563 $ 478 $ 362 Less: Dividends paid on and earnings allocated ( 7 ) ( 6 ) ( 4 ) Earnings applicable to common stock $ 556 $ 472 $ 358 Weighted average common shares outstanding 463,865,661 462,605,341 465,380,010 Basic earnings per common share $ 1.20 $ 1.02 $ 0.77 Earnings applicable to common stock $ 556 $ 472 $ 358 Weighted average common shares outstanding 463,865,661 462,605,341 465,380,010 Potential dilutive common shares 767,058 676,061 283,322 Total shares for diluted earnings per common 464,632,719 463,281,402 465,663,332 Diluted earnings per common share and $ 1.20 $ 1.02 $ 0.77
Recently Adopted Accounting Standards	Impact of Recent Accounting Pronouncements Recently Adopted Accounting Standards The Company adopted ASU No. 2020-04 in the first quarter of 2020 upon issuance. The amendments provide optional expedients and exceptions for certain contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of rate reform. The guidance is effective from the date of issuance until December 31, 2022. If certain criteria are met, the amendments allow exceptions to the designation criteria of the hedging relationship and the assessment of hedge effectiveness during the transition period. To date, the guidance has not had a material impact on the Company’s Consolidated Statements of Condition, results of operations, or cash flows. The Company will continue to assess the impact as the reference rate transition occurs.

Summary Of Significant Accoun_3

Summary Of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Computation of Basic and Diluted Earnings (Loss) Per Common Share	The following table presents the Company’s computation of basic and diluted earnings per common share for the years ended December 31, 2021, 2020, and 2019: Years Ended December 31, (in millions, except share and per share amounts) 2021 2020 2019 Net income available to common stockholders $ 563 $ 478 $ 362 Less: Dividends paid on and earnings allocated ( 7 ) ( 6 ) ( 4 ) Earnings applicable to common stock $ 556 $ 472 $ 358 Weighted average common shares outstanding 463,865,661 462,605,341 465,380,010 Basic earnings per common share $ 1.20 $ 1.02 $ 0.77 Earnings applicable to common stock $ 556 $ 472 $ 358 Weighted average common shares outstanding 463,865,661 462,605,341 465,380,010 Potential dilutive common shares 767,058 676,061 283,322 Total shares for diluted earnings per common 464,632,719 463,281,402 465,663,332 Diluted earnings per common share and $ 1.20 $ 1.02 $ 0.77

Reclassifications Out of Accu_2

Reclassifications Out of Accumulated Other Comprehensive Loss (Tables)	12 Months Ended
	Dec. 31, 2021
Reclassifications Of Accumulated Other Comprehensive Loss [Abstract]
Reclassifications Out of Accumulated Other Comprehensive Loss	(in millions) For the Twelve Months Ended December 31, 2021 Details about Amount (1) Affected Line Item in the Unrealized gains on available-for-sale $ - Net gain on securities - Income tax expense $ - Net gain on securities, net of tax Unrealized gains on cash flow hedges: $ ( 25 ) Interest expense 7 Income tax benefit $ ( 18 ) Net gain on cash flow hedges, net of tax Amortization of defined benefit pension Past service liability $ - Included in the computation of net periodic credit (2) Actuarial losses ( 7 ) Included in the computation of net periodic cost (2) ( 7 ) Total before tax 2 Income tax benefit $ ( 5 ) Amortization of defined benefit pension plan items, net of tax Total reclassifications for the period $ ( 23 ) (1) Amounts in parentheses indicate expense items. (2) See Note 14, “Employee Benefits,” for additional information.

Securities (Tables)

Securities (Tables)	12 Months Ended
	Dec. 31, 2021
Investments Debt And Equity Securities [Abstract]
Summary of Portfolio of Securities Available for Sale	The following tables summarize the Company’s portfolio of debt securities available for sale and equity investments with readily determinable fair values at December 31, 2021 and 2020: December 31, 2021 (in millions) Amortized Gross Gross Fair Debt securities available-for-sale Mortgage-Related Debt Securities: GSE certificates $ 1,102 $ 20 $ 15 $ 1,107 GSE CMOs 1,717 11 45 1,683 Total mortgage-related debt securities $ 2,819 $ 31 $ 60 $ 2,790 Other Debt Securities: U. S. Treasury obligations $ 45 $ — $ — $ 45 GSE debentures 1,524 1 45 1,480 Asset-backed securities (1) 479 3 3 479 Municipal bonds 25 — — 25 Corporate bonds 821 18 1 838 Foreign notes 25 1 — 26 Capital trust notes 96 8 7 97 Total other debt securities $ 3,015 $ 31 $ 56 $ 2,990 Total debt securities available for sale $ 5,834 $ 62 $ 116 $ 5,780 Equity securities: Preferred stock — — — — Mutual funds 16 — — 16 Total equity securities $ 16 $ — $ — $ 16 Total securities (2) $ 5,850 $ 62 $ 116 $ 5,796 (1) The underlying assets of the asset-backed securities are substantially guaranteed by the U.S. Government.. (2) Excludes accrued interest receivable of $ 15 million included in other assets in the Consolidated Statements of Condition. December 31, 2020 (in millions) Amortized Gross Gross Fair Debt securities available-for-sale Mortgage-Related Debt Securities: GSE certificates $ 1,155 $ 54 $ — $ 1,209 GSE CMOs 1,787 45 3 1,829 Total mortgage-related debt securities $ 2,942 $ 99 $ 3 $ 3,038 Other Debt Securities: U. S. Treasury obligations $ 65 $ — $ — $ 65 GSE debentures 1,158 4 4 1,158 Asset-backed securities (1) 530 2 6 526 Municipal bonds 26 1 — 27 Corporate bonds 871 18 6 883 Foreign Notes 25 1 — 26 'Capital trust notes 96 6 11 91 Total other debt securities $ 2,771 $ 32 $ 27 $ 2,776 Total other securities available for sale $ 5,713 $ 131 $ 30 $ 5,814 Equity securities: Preferred stock 15 — — $ 15 Mutual funds 16 — — 16 Total equity securities $ 31 $ — $ — $ 31 Total securities (2) $ 5,744 $ 131 $ 30 $ 5,845 (1) The underlying assets of the asset-backed securities are substantially guaranteed by the U.S. Government. (2) Excludes accrued interest receivable of $ 15 million included in other assets in the Consolidated Statements of Condition.
Summary of Gross Proceeds and Gross Realized Gains and Losses from Sale of Available-for-Sale Securities	The following table summarizes the gross proceeds, gross realized gains, and gross realized losses from the sale of available-for-sale securities during the years ended December 31, 2021, 2020, and 2019: December 31, (in millions) 2021 2020 2019 Gross proceeds $ — $ 484 $ 361 Gross realized gains — 2 5 Gross realized losses — 1 —
Summary of Amortized Cost of Available-for-Sale Securities by Contractual Maturity	The following table summarizes, by contractual maturity, the amortized cost of securities at December 31, 2021: Mortgage- U.S. State, Other (1) Fair (dollars in millions) Available-for-Sale Debt Due within one year $ 27 $ 45 $ — $ 5 $ 77 Due from one to five years 142 22 — 408 594 Due from five to ten years 271 423 19 512 1,226 Due after ten years 2,379 1,079 6 496 3,883 Total debt securities available $ 2,819 $ 1,569 $ 25 $ 1,421 $ 5,780 (1) Includes corporate bonds, capital trust notes, foreign notes, and asset-backed securities.
Summary of Held-to-Maturity and Available-for-Sale Securities having Continuous Unrealized Loss Position	The following table presents securities having a continuous unrealized loss position for less than twelve months and for twelve months or longer as of December 31, 2021: Less than Twelve Months Twelve Months or Longer Total (in millions) Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized Temporarily Impaired Securities: U. S. Treasury obligations $ 45 $ — $ — $ — $ 45 $ — U.S. Government agency and GSE obligations 317 7 185 8 502 15 GSE certificates 846 28 293 17 1,139 45 GSE CMOs 491 8 926 37 1,417 45 Asset-backed securities 130 1 135 2 265 3 Municipal bonds — — 8 — 8 — Corporate bonds — — 99 1 99 1 Foreign notes 5 — — — 5 — Capital trust notes — — 37 7 37 7 Equity securities 12 — — — 12 — Total temporarily impaired $ 1,846 $ 44 $ 1,683 $ 72 $ 3,529 $ 116 The following table presents securities having a continuous unrealized loss position for less than twelve months and for twelve months or longer as of December 31, 2020: Less than Twelve Months Twelve Months or Longer Total (in millions) Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized Temporarily Impaired Securities: U. S. Treasury obligations $ — $ — $ — $ — $ — $ — U.S. Government agency and GSE obligations 59 — — — 59 — GSE certificates 442 3 74 — 516 3 GSE CMOs 522 4 — — 522 4 Asset-backed securities — — 364 6 364 6 Municipal bonds — — 9 — 9 — Corporate bonds 72 3 246 3 318 6 Foreign notes — — — — — — Capital trust notes — — 33 11 33 11 Equity securities — — — — — — Total temporarily impaired $ 1,095 $ 10 $ 726 $ 20 $ 1,821 $ 30

Loans and Leases (Tables)

Loans and Leases (Tables)	12 Months Ended
	Dec. 31, 2021
Receivables [Abstract]
Composition of Loan and Lease Portfolio	The following table sets forth the composition of the loan and lease portfolio at the dates indicated: December 31, 2021 December 31, 2020 (dollars in millions) Amount Percent of Amount Percent of Loans and Leases Held for Investment: Mortgage Loans: Multi-family $ 34,603 75.75 % $ 32,236 75.28 % Commercial real estate 6,698 14.66 6,836 15.96 One-to-four family 160 0.35 236 0.55 Acquisition, development, and construction 209 0.46 90 0.21 Total mortgage loans held for investment (1) 41,670 91.22 39,398 92.00 Other Loans: Commercial and industrial 2,236 4.89 1,682 3.93 Lease financing, net of unearned income 95 and $ 116 respectively 1,770 3.88 1,735 4.05 Total commercial and industrial loans (2) 4,006 8.77 3,417 7.98 Other 5 0.01 7 0.02 Total other loans held for investment 4,011 8.78 3,424 8.00 Total loans and leases held for investment (1) $ 45,681 100.00 % $ 42,822 100.00 % Net deferred loan origination costs 57 62 Allowance for loan and lease losses ( 199 ) ( 194 ) Total loans and leases held for investment, net $ 45,539 $ 42,690 Loans held for sale (3) — 117 Total loans and leases, net $ 45,539 $ 42,807 (1) Excludes accrued interest receivable of $ 199 million and $ 219 million at December 31, 2021 and December 31, 2020 , respectively, which is included in other assets in the Consolidated Statements of Condition. (2) Includes specialty finance loans and leases of $ 3.5 billion and $ 3.0 billion, respectively, at December 31, 2021 and December 31, 2020 , and other C&I loans of $ 527 million and $ 393 million, respectively, at December 31, 2021 and December 31, 2020 . (3) Includes deferred loan origination fees of $ 2 million.
Quality of Loans Held for Investment	The following table presents information regarding the quality of the Company’s loans held for investment at December 31, 2021: (in millions) Loans Non- Loans 90 Total Current Total Multi-family $ 57 $ 10 $ — $ 67 $ 34,536 $ 34,603 Commercial real estate 2 16 — 18 6,680 6,698 One-to-four family 8 1 — 9 151 160 Acquisition, development, and — — — — 209 209 Commercial and industrial (1) (2) — 6 — 6 4,000 4,006 Other — — — — 5 5 Total $ 67 $ 33 $ — $ 100 $ 45,581 $ 45,681 (1) Includes $ 6 million of taxi medallion-related loans that were 90 days or more past due. There were no taxi medallion-related loans that were 30 to 89 days past due. (2) Includes lease financing receivables, all of which were current. The following table presents information regarding the quality of the Company’s loans held for investment at December 31, 2020: (in millions) Loans Non- Loans 90 Total Current Total Multi-family $ 4 $ 4 $ — $ 8 $ 32,228 $ 32,236 Commercial real estate 10 12 — 22 6,814 6,836 One-to-four family 2 2 — 4 232 236 Acquisition, development, and — — — — 90 90 Commercial and industrial (1) (2) — 20 — 20 3,397 3,417 Other — — — — 7 7 Total $ 16 $ 38 $ — $ 54 $ 42,768 $ 42,822 (1) Includes $ 19 million of taxi medallion-related loans that were 90 days or more past due. There were no taxi medallion-related loans that were 30 to 89 days past due. (2) Includes lease financing receivables, all of which were current.
Portfolio of Loans Held for Investment by Credit Quality Indicator	The following table summarizes the Company’s portfolio of loans held for investment by credit quality indicator at December 31, 2021: Mortgage Loans Other Loans (in millions) Multi- Commercial One-to- Acquisition, Total Commercial (1) Other Total Credit Quality Indicator: Pass $ 33,011 $ 5,874 $ 137 $ 204 $ 39,226 $ 3,959 $ 5 $ 3,964 Special mention 981 643 14 5 1,643 2 — 2 Substandard 611 181 9 — 801 45 — 45 Doubtful — — — — — — — — Total $ 34,603 $ 6,698 $ 160 $ 209 $ 41,670 $ 4,006 $ 5 $ 4,011 (1) Includes lease financing receivables, all of which were classified as Pass. The following table summarizes the Company’s portfolio of loans held for investment by credit quality indicator at December 31, 2020: Mortgage Loans Other Loans (in millions) Multi- Commercial One-to- Acquisition, Total Commercial (1) Other Total Credit Quality Indicator: Pass $ 31,220 $ 5,884 $ 222 $ 68 $ 37,394 $ 3,388 $ 7 $ 3,395 Special mention 567 637 12 22 1,238 3 — 3 Substandard 449 315 2 — 766 26 — 26 Doubtful — — — — — — — — Total $ 32,236 $ 6,836 $ 236 $ 90 $ 39,398 $ 3,417 $ 7 $ 3,424 (1) Includes lease financing receivables, all of which were classified as Pass.
Schedule of Credit Quality Indicator, Loan Class, and Year of Origination, the Amortized Cost Basis of Loans and Leases	The following table presents, by credit quality indicator, loan class, and year of origination, the amortized cost basis of the Company’s loans and leases as of December 31, 2021. Vintage Year (in millions) 2021 2020 2019 2018 2017 Prior To Revolving Total Pass $ 9,363 $ 9,223 $ 5,623 $ 4,700 $ 3,320 $ 7,006 $ 17 $ 39,252 Special Mention — 128 221 346 123 825 1 1,644 Substandard — 23 108 145 93 432 — 801 Total mortgage loans $ 9,363 $ 9,374 $ 5,952 $ 5,191 $ 3,536 $ 8,263 $ 18 $ 41,697 Pass 916 670 533 87 152 167 1,469 3,994 Special Mention — — — — — — 2 2 Substandard — 2 2 1 1 13 26 45 Total other loans 916 672 535 88 153 180 1,497 4,041 Total $ 10,279 $ 10,046 $ 6,487 $ 5,279 $ 3,689 $ 8,443 $ 1,515 $ 45,738
Summary of Collateral-Dependent Loans Held for Investment by Collateral Type	The following table summarizes the extent to which collateral secures the Company’s collateral-dependent loans held for investment by collateral type as of December 31, 2021: Collateral Type (in millions) Real Other Multi-family $ 9 $ — Commercial real estate 30 — One-to-four family — — Acquisition, development, and construction — — Commercial and industrial — 6 Other — — Total collateral-dependent loans held for investment 39 6
Details of Interest Income on Non-Accrual Loans	The interest income that would have been recorded under the original terms of non-accrual loans at the respective year-ends, and the interest income actually recorded on these loans in the respective years, is summarized below: December 31, (in millions) 2021 2020 2019 Interest income that would have been recorded $ 3 $ 5 $ 5 Interest income actually recorded ( 1 ) ( 1 ) ( 3 ) Interest income foregone $ 2 $ 4 $ 2
Information Regarding Troubled Debt Restructurings	The following table presents information regarding the Company’s TDRs as of December 31, 2021 and 2020: December 31, 2021 December 31, 2020 (in millions) Accruing Non- Total Accruing Non- Total Loan Category: Multi-family $ — $ 7 $ 7 $ — $ — $ — Commercial real estate 16 — 16 15 — 15 One-to-four family — — — — — — Acquisition, development, and — — — — — — Commercial and industrial (1) — 6 6 — 19 19 Total $ 16 $ 13 $ 29 $ 15 $ 19 $ 34 (1) Includes $ 6 million and $ 18 million of taxi medallion-related loans at December 31, 2021 and 2020, respectively.
Financial Effects of Troubled Debt Restructurings	The financial effects of the Company’s TDRs for the twelve months ended December 31, 2021, 2020 and 2019 are summarized as follows: For the Twelve Months Ended December 31, 2021 Weighted Average (dollars in millions) Number Pre- Post- Pre- Post- Charge- Capitalized Loan Category: Commercial real estate 2 $ 4 $ 4 6.00 % 3.55 % $ — $ — Multi-family 1 8 8 3.13 3.25 — — Total 3 $ 12 $ 12 $ — $ — For the Twelve Months Ended December 31, 2020 Weighted Average (dollars in millions) Number Pre- Post- Pre- Post- Charge- Capitalized Loan Category: Commercial real estate 1 $ 15 $ 15 8.00 % 3.50 % $ — $ — Commercial and industrial 42 9 8 2.36 2.23 1 — Total 43 $ 24 $ 23 $ 1 $ — For the Twelve Months Ended December 31, 2019 Weighted Average (dollars in millions) Number Pre- Post- Pre- Post- Charge- Capitalized Loan Category: One-to-four family 1 $ — $ — 5.50 % 5.50 % $ — $ — Commercial and industrial 72 35 31 4.31 4.37 4 — Total 73 $ 35 $ 31 $ 4 $ —

Allowance for Credit Losses o_2

Allowance for Credit Losses on Loans and Leases (Tables)	12 Months Ended
	Dec. 31, 2021
Summary of Additional Information about Nonaccrual Loans	The following table presents additional information about the Company’s nonaccrual loans at December 31, 2021: (in millions) Recorded Related Interest Nonaccrual loans with no related allowance: Multi-family $ 9 $ — $ 1 Commercial real estate 14 — — One-to-four family — — — Acquisition, development, and construction — — — Other 6 — — Total nonaccrual loans with no related allowance $ 29 $ — $ 1 Nonaccrual loans with an allowance recorded: Multi-family $ 1 $ — $ — Commercial real estate 2 — — One-to-four family 1 — — Acquisition, development, and construction — — — Other — — — Total nonaccrual loans with an allowance recorded $ 4 $ — $ — Total nonaccrual loans: Multi-family $ 10 $ — $ 1 Commercial real estate 16 — — One-to-four family 1 — — Acquisition, development, and construction — — — Other 6 — — Total nonaccrual loans $ 33 $ — $ 1 The following table presents additional information about the Company’s nonaccrual loans at December 31, 2020 (in millions) Recorded Related Interest Nonaccrual loans with no related allowance: Multi-family $ — $ — $ — Commercial real estate 2 — — One-to-four family 1 — — Acquisition, development, and construction — — — Other 20 — 1 Total nonaccrual loans with no related allowance $ 23 $ — $ 1 Nonaccrual loans with an allowance recorded: Multi-family $ 4 $ 1 $ — Commercial real estate 10 — — One-to-four family 1 — — Acquisition, development, and construction — — — Other — — — Total nonaccrual loans with an allowance recorded $ 15 $ 1 $ — Total nonaccrual loans: Multi-family $ 4 $ 1 $ — Commercial real estate 12 — — One-to-four family 2 — — Acquisition, development, and construction — — — Other 20 — 1 Total nonaccrual loans $ 38 $ 1 $ 1
Non-Covered Loans
Summary of Activity in Allowance for Loan and Lease Losses	The following table summarizes activity in the allowance for loan and lease losses for the periods indicated: Twelve Months Ended December 31, 2021 2020 (in millions) Mortgage Other Total Mortgage Other Total Balance, beginning of period $ 176 $ 18 $ 194 $ 123 $ 25 $ 148 Impact of CECL adoption — — — — 2 2 Adjusted balance, beginning of period 176 18 194 123 27 150 Charge-offs ( 6 ) ( 7 ) ( 13 ) ( 2 ) ( 20 ) ( 22 ) Recoveries 2 13 15 1 2 3 Provision for (recovery of) credit 6 ( 3 ) 3 54 9 63 Balance, end of period $ 178 $ 21 $ 199 $ 176 $ 18 $ 194

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
Components of Lease Income	The components of lease income were as follows: (in millions) For the For the Interest income on lease financing (1) $ 53 $ 52 (1) Included in Interest Income – Loans and leases in the Consolidated Statements of Income and Comprehensive Income.
Components of Net Investment in Direct Financing Leases	The components of net investment in direct financing leases, including the carrying amount of the lease receivables, as well as the unguaranteed residual asset were as follows: (in millions) December 31, December 31, Net investment in the lease - lease payments receivable $ 1,790 $ 1,771 Net investment in the lease - unguaranteed residual assets 75 80 Total lease payments $ 1,865 $ 1,851
Summary of Remaining Maturity of Undiscounted Lease Receivables	The following table presents the remaining maturity analysis of the undiscounted lease receivables as of December 31, 2021, as well as the reconciliation to the total amount of receivables recognized in the Consolidated Statements of Condition: (in millions) December 31, 2022 $ 22 2023 225 2024 275 2025 370 2026 399 Thereafter 574 Total lease payments 1,865 Plus: deferred origination costs 25 Less: unearned income ( 95 ) Total lease finance receivables, net $ 1,795
Summary of Components of Lease Expense	The components of lease expense were as follows: (in millions) For the Twelve For the Twelve Operating lease cost $ 27 $ 23 Sublease income — — Total lease cost $ 27 $ 23
Summary of Supplemental Cash Flow Information Related to Leases	Supplemental cash flow information related to the leases for the following periods: (in millions) For the Twelve For the Twelve Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 27 $ 23
Summary of Supplemental Balance Sheet Information Related to Leases	Supplemental balance sheet information related to the leases for the following periods: (in millions, except lease term and discount rate) December 31, December 31, Operating Leases: Operating lease right-of-use assets $ 249 $ 267 Operating lease liabilities $ 249 267 Weighted average remaining lease term 16 years 16 years Weighted average discount rate% 3.05 % 3.12 %
Summary of Maturities of Lease Liabilities	(in millions) December 31, 2022 $ 26 2023 26 2024 25 2025 24 2026 23 Thereafter 197 Total lease payments 321 Less: imputed interest ( 72 ) Total present value of lease liabilities $ 249

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2021
Banking And Thrift Disclosure [Abstract]
Weighted Average Interest Rates for Each Type of Deposit	The following table sets forth the weighted average interest rates for each type of deposit at December 31, 2021 and 2020: December 31, 2021 2020 (dollars in millions) Amount Percent Weighted Amount Percent Weighted Interest-bearing checking and money $ 13,209 37.68 % 0.20 % $ 12,610 38.87 % 0.28 % Savings accounts 8,892 25.36 0.35 6,416 19.78 0.41 Certificates of deposit 8,424 24.03 0.52 10,331 31.85 0.83 Non-interest-bearing accounts 4,534 12.93 — 3,080 9.50 — Total deposits $ 35,059 100.00 % 0.29 % $ 32,437 100.00 % 0.45 %
Scheduled Maturities of Certificates of Deposit Intangibles	The scheduled maturities of certificates of deposit (“CDs”) at December 31, 2021 were as follows: (in millions) 1 year or less $ 7,454 More than 1 year through 2 years 410 More than 2 years through 3 years 495 More than 3 years through 4 years 26 More than 4 years through 5 years 39 Over 5 years - Total CDs $ 8,424

Borrowed Funds (Tables)

Borrowed Funds (Tables)	12 Months Ended
	Dec. 31, 2021
Summary of Borrowed Funds	The following table summarizes the Company’s borrowed funds at December 31, 2021 and 2020: December 31, (in millions) 2021 2020 Wholesale borrowings: FHLB advances $ 15,105 $ 14,628 Repurchase agreements 800 800 Total wholesale borrowings $ 15,905 $ 15,428 Junior subordinated debentures 361 360 Subordinated notes 296 296 Total borrowed funds $ 16,562 $ 16,084
Analysis of Contractual Maturities of Outstanding Federal Home Loan Bank Advances	The contractual maturities and the next call dates of FHLB advances outstanding at December 31, 2021 were as follows: Contractual Maturity Earlier of Contractual (dollars in millions) Amount Weighted (1) Amount Weighted (1) 2022 $ 3,750 0.50 % $ 11,030 1.53 % 2023 2,525 0.85 2,725 0.91 2024 1,350 0.85 1,350 0.85 2025 — — — — 2026 — — — — 2027 — — — — 2028 4,350 2.40 — — 2029 3,130 1.55 — — Total FHLB advances $ 15,105 1.36 $ 15,105 1.36 (1) Does not included the effect interest rate swap agreements.
Analysis of Contractual Maturities of Outstanding Repurchase Agreements Accounted for as Secured Borrowings	The following table presents an analysis of the contractual maturities and next call dates of the Company’s outstanding repurchase agreements accounted for as secured borrowings at December 31, 2021: Contractual Maturity Earlier of Contractual (dollars in millions) Amount Weighted Amount Weighted 2022 $ — — % $ 800 2.24 % 2023 — — — — 2028 300 2.37 — — 2029 500 2.16 — — $ 800 2.24 $ 800 2.24
Details of Repurchase Agreements	The following table provides the contractual maturity and weighted average interest rate of repurchase agreements, and the amortized cost and fair value of the securities collateralizing the repurchase agreements, at December 31, 2021: Mortgage-Related GSE Debentures and (dollars in millions) Amount Weighted Amortized Fair Amortized Fair Greater than 90 days $ 800 2.24 % $ 345 $ 343 $ 549 $ 570
Junior Subordinated Debentures Outstanding	The following junior subordinated debentures were outstanding at December 31, 2021: Issuer Interest Rate Junior Capital Date of Stated First Optional (dollars in millions) New York Community Capital 6.00 % $ 147 $ 140 Nov. 4, 2002 Nov. 1, 2051 Nov. 4, 2007 (1) New York Community Capital 1.80 124 120 Dec. 14, 2006 Dec. 15, 2036 Dec. 15, 2011 (2) PennFed Capital Trust III 3.45 31 30 June 2, 2003 June 15, 2033 June 15, 2008 (2) New York Community Capital 1.87 59 58 April 16, 2007 June 30, 2037 June 30, 2012 (2) Total junior subordinated debentures $ 361 $ 348 (1) Callable subject to certain conditions as described in the prospectus filed with the SEC on November 4, 2002. (2) Callable from this date forward.
Subordinated Debt
Junior Subordinated Debentures Outstanding	At December 31, 2021 and 2020 , the Company had $ 296 million, respectively, of fixed-to-floating rate subordinated notes outstanding: Date of Original Issue Stated Maturity Interest Rate (1) Original Issue (dollars in millions) Nov. 6, 2018 Nov. 6, 2028 5.90 % $ 300 (1) From and including the date of original issuance to, but excluding November 6, 2023, the Notes will bear interest at an initial rate of 5.90 % per annum payable semi-annually. Unless redeemed, from and including November 6, 2023 to but excluding the maturity date, the interest rate will reset quarterly to an annual interest rate equal to the then-current three-month LIBOR rate plus 278 basis point payable quarterly.

Federal, State And Local Taxes

Federal, State And Local Taxes (Tables)	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Components of Net Deferred Tax Asset (Liability)	The following table summarizes the components of the Company’s net deferred tax asset (liability) at December 31, 2021 and 2020: December 31, (in millions) 2021 2020 Deferred Tax Assets: Allowance for credit losses on loans and leases $ 55 $ 53 Acquisition accounting and fair value adjustments on securities (including OTTI) 21 — Compensation and related benefit obligations 17 21 Net operating loss carryforwards 1 6 Other 15 18 Gross deferred tax assets 109 98 Valuation allowance — — Deferred tax asset after valuation allowance $ 109 $ 98 Deferred Tax Liabilities: Amortizable intangibles $ ( 3 ) $ ( 3 ) Acquisition accounting and fair value adjustments on securities — ( 13 ) Premises and equipment ( 5 ) ( 6 ) Prepaid pension cost ( 35 ) ( 25 ) Fair value adjustments on loans ( 81 ) ( 92 ) Leases ( 360 ) ( 370 ) Other ( 9 ) ( 9 ) Gross deferred tax liabilities $ ( 493 ) $ ( 518 ) Net deferred tax liability $ ( 384 ) $ ( 420 )
Income Tax Expense (Benefit)	The following table summarizes the Company’s income tax expense for the years ended December 31, 2021, 2020, and 2019: December 31, (in millions) 2021 2020 2019 Federal – current $ 188 $ ( 148 ) $ 4 State and local – current 35 5 23 Total current 223 ( 143 ) 27 Federal – deferred ( 28 ) 190 101 State and local – deferred 15 29 — Total deferred ( 13 ) 219 101 Income tax expense reported in net income 210 77 128 Income tax expense reported in stockholders’ equity related to: Securities available-for-sale ( 42 ) 16 16 Pension liability adjustments 10 — 5 Cash flow hedge 9 ( 13 ) — Adoption of ASU 2016-13 — ( 4 ) — Total income taxes $ 187 $ 76 $ 149
Reconciliation of Statutory Federal Income Tax Expense (Benefit) Reported in Net Income to Combined Actual Income Tax Expense (Benefit)	The following table presents a reconciliation of statutory federal income tax expense (benefit) to combined actual income tax expense (benefit) reported in net income for the years ended December 31, 2021, 2020, and 2019: December 31, (in millions) 2021 2020 2019 Statutory federal income tax at 21 %, 21 % and 21 %, respectively $ 169 $ 123 $ 110 State and local income taxes, net of federal income tax effect 40 27 18 Effect of tax law changes — ( 73 ) — Non-deductible FDIC deposit insurance premiums 9 8 7 Effect of tax deductibility of ESOP ( 3 ) ( 3 ) ( 3 ) Non-taxable income and expense of BOLI ( 6 ) ( 7 ) ( 6 ) Non-deductible merger expenses 3 — — Federal tax credits — ( 1 ) ( 1 ) Adjustments relating to prior tax years ( 1 ) 1 — Other, net ( 1 ) 2 3 Total income tax expense $ 210 $ 77 $ 128
Changes in Liability for Unrecognized Gross Tax Benefits	The following table summarizes changes in the liability for unrecognized gross tax benefits for the years ended December 31, 2021, 2020, and 2019: December 31, (in millions) 2021 2020 2019 Uncertain tax positions at beginning of year $ 38 $ 36 $ 33 Additions for tax positions relating to current-year operations 2 1 1 Additions for tax positions relating to prior tax years 1 1 2 Subtractions for tax positions relating to prior tax years ( 2 ) — — Reductions in balance due to settlements — — — Uncertain tax positions at end of year $ 39 $ 38 $ 36

Derivative and Hedging Activi_2

Derivative and Hedging Activities (Tables)	12 Months Ended
	Dec. 31, 2021
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Schedule of Cumulative Basis Adjustment for Fair Value Hedges	As of December 31, 2021, the following amounts were recorded on the balance sheet related to cumulative basis adjustment for fair value hedges. (in millions) December 31, 2021 December 31, 2020 Line Item in the Consolidated Statements of Carrying Cumulative Carrying Cumulative Total loans and leases, net (1) $ 2,025 $ 25 $ 2,073 $ 73 (1) These amounts include the amortized cost basis of closed portfolios used to designate hedging relationships in which the hedged item is the last layer expected to be remaining at the end of the hedging relationship. At December 31, 2021 , the amortized cost basis of the closed portfolios used in these hedging relationships was $ 2.9 billion; the cumulative basis adjustments associated with these hedging relationships was $ 25 million; and the amount of the designated hedged items was $ 2.0 billion.
Information Regarding Derivative Financial Instruments	The following table sets forth information regarding the Company’s derivative financial instruments at December 31, 2021. December 31, 2021 Fair Value (in millions) Notional Other Other Derivatives designated as fair value hedging instruments: Interest rate swap $ 2,000 $ — $ — Total derivatives designated as fair value hedging instruments $ 2,000 $ — $ —
Effect of Derivative Instruments on Consolidated Statements of Income and Comprehensive Income	The following table sets forth the effect of derivative instruments on the Consolidated Statements of Income and Comprehensive Income for the periods indicated. (in millions) For the Twelve For the Twelve Derivative – interest rate swap: Interest income $ 48 $ ( 20 ) Hedged item – loans: Interest income $ ( 48 ) $ 20
Information about Interest Rate Swaps Designated as Cash Flow Hedges	The following table summarizes information about the interest rate swaps designated as cash flow hedges at December 31, 2021 and December 31, 2020: (dollars in millions) December 31, December 31, Notional amounts $ 2,250 $ 2,250 Cash collateral posted 12 46 Weighted average pay rates 1.27 % 1.27 % Weighted average receive rates 0.18 % 0.23 % Weighted average maturity 0.9 years 1.9 years
Effect of Cash Flow Derivative Instruments on AOCL	The following table presents the effect of the Company’s cash flow derivative instruments on AOCL for the year ending December 31, 2021: (in millions) For the Twelve For the Twelve Amount of (loss) gain recognized in AOCL $ 8 $ ( 58 ) Amount of reclassified from AOCL to interest expense 25 12

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2021
Commitments And Contingencies Disclosure [Abstract]
Off-Balance-Sheet Originate Loans and Letters of Credit	The following table summarizes the Company’s off-balance sheet commitments to originate loans and letters of credit at December 31, 2021: (in millions) Mortgage Loan Commitments: Multi-family and commercial real estate $ 352 One-to-four family — Acquisition, development, and construction 168 Total mortgage loan commitments $ 520 Other loan commitments 2,301 Total loan commitments $ 2,821 Commercial, performance stand-by, and financial stand-by letters of credit 291 Total commitments $ 3,112
Guarantees and Indemnifications	The following table summarizes the Company’s guarantees and indemnifications at December 31, 2021: (in millions) Expires Within Expires After Total Maximum Financial stand-by letters of credit $ 77 $ 60 $ 137 $ 271 Performance stand-by letters of credit 3 — 3 3 Commercial letters of credit 7 1 8 17 Total letters of credit $ 87 $ 61 $ 148 $ 291

Employee Benefits (Tables)

Employee Benefits (Tables)	12 Months Ended
	Dec. 31, 2021
Weighted Average Assumptions used in Determining Net Periodic Benefit Cost	The following table indicates the weighted average assumptions used in determining the net periodic benefit cost for the years indicated: Years Ended December 31, 2021 2020 2019 Discount rate 2.2 % 3.0 % 4.1 % Expected rate of return on plan assets 6.3 6.5 6.8
Fair Value Measurements of Investments Held by Retirement Plan	The following table presents information about the fair value measurements of the investments held by the Retirement Plan as of December 31, 2021: (in millions) Total Quoted Prices Significant Other Significant Equity: Large-cap value (1) $ 24 $ — $ 24 $ — Large-cap growth (2) 27 — 27 — Large-cap core (3) 17 — 17 — Mid-cap value (4) 7 — 7 — Mid-cap growth (5) 6 — 6 — Mid-cap core (6) 6 — 6 — Small-cap value (7) 3 — 3 — Small-cap growth (8) 7 — 7 — Small-cap core (9) 5 — 5 — International equity (10) 37 — 37 — Fixed Income Funds: Fixed Income – U.S. Core (11) 77 — 77 — Intermediate duration (12) 26 — 26 — Equity Securities: Company common stock 36 36 — — Cash Equivalents: Money market * 5 1 4 — $ 283 $ 37 $ 246 $ — * Includes cash equivalent investments in equity and fixed income strategies. (1) This category contains large-cap stocks with above-average yield. The portfolio typically holds between 60 and 70 stocks. (2) This category seeks long-term capital appreciation by investing primarily in large growth companies based in the U.S. (3) This fund tracks the performance of the S&P 500 Index by purchasing the securities represented in the Index in approximately the same weightings as the Index. (4) This category employs an indexing investment approach designed to track the performance of the CRSP US Mid-Cap Value Index. (5) This category employs an indexing investment approach designed to track the performance of the CRSP US Mid-Cap Growth Index. (6) This category seeks to track the performance of the S&P Midcap 400 Index. (7) This category consists of a selection of investments based on the Russell 2000 Value Index. (8) This category consists of a mutual fund invested in small cap growth companies along with a fund invested in a selection of investments based on the Russell 2000 Growth Index. (9) This category consists of a mutual fund investing in readily marketable securities of U.S. companies with market capitalizations within the smallest 10 % of the market universe, or smaller than the 1000th largest US company. (10) This category invests primarily in medium to large non-US companies in developed and emerging markets. Under normal circumstances, at least 80 % of total assets will be invested in equity securities, including common stocks, preferred stocks, and convertible securities. (11) This category currently includes equal investments in three mutual funds, two of which usually hold at least 80 % of fund assets in investment grade fixed income securities, seeking to outperform the Barclays US Aggregate Bond Index while maintaining a similar duration to that index. The third fund targets investments of 50 % or more in mortgage-backed securities guaranteed by the US government and its agencies. (12) This category consists of a mutual fund which invest in a diversified portfolio of high-quality bonds and other fixed income securities, including U.S. Government obligations, mortgage-related and asset backed securities, corporate and municipal bonds, CMOs, and other securities mostly rated A or better.
Weighted Average Asset Allocations for Retirement Plan	The asset allocations for the Retirement Plan as of December 31, 2021 and 2020 were as follows: At December 31, 2021 2020 Equity securities 62 % 60 % Debt securities 36 38 Cash equivalents 2 2 Total 100 % 100 %
Expected Future Annuity Payments by Retirement Plan	The following annuity payments, which reflect expected future service, as appropriate, are expected to be paid by the Retirement Plan during the years indicated: (in millions) 2022 $ 8 2023 8 2024 8 2025 9 2026 8 2027 and thereafter 44 Total $ 85
Weighted Average Assumptions used in Determining Net Periodic Benefit Cost of Health and Welfare Plan	The following table presents the weighted average assumptions used in determining the net periodic benefit cost for the years indicated: Years Ended December 31, 2021 2020 2019 Discount rate 2.0 % 2.9 % 3.9 % Current medical trend rate 6.5 6.5 6.5 Ultimate trend rate 5.0 5.0 5.0 Year when ultimate trend rate will be reached 2027 2026 2025
Expected Future Payments for Premiums and Claims under Health and Welfare Plan	The following amounts are currently expected to be paid for premiums and claims during the years indicated under the Health & Welfare Plan: (in millions) 2022 $ 1 2023 1 2024 1 2025 1 2026 1 2027 and thereafter 2 Total $ 7
Pension Benefits
Information Regarding Benefit Plan	The following table sets forth certain information regarding the Retirement Plan as of the dates indicated: December 31, (in millions) 2021 2020 Change in Benefit Obligation: Benefit obligation at beginning of year $ 172 $ 160 Interest cost 4 5 Actuarial loss (gain) ( 9 ) 15 Annuity payments ( 6 ) ( 7 ) Settlements ( 3 ) ( 1 ) Benefit obligation at end of year $ 158 $ 172 Change in Plan Assets: Fair value of assets at beginning of year $ 261 $ 243 Actual return (loss) on plan assets 31 26 Contributions — — Annuity payments ( 6 ) ( 7 ) Settlements ( 3 ) ( 1 ) Fair value of assets at end of year $ 283 $ 261 Funded status (included in “Other assets”) $ 125 $ 89 Changes recognized in other comprehensive income for the year ended Amortization of prior service cost $ — $ — Amortization of actuarial loss ( 7 ) ( 7 ) Net actuarial (gain) loss arising during the year ( 23 ) 4 Total recognized in other comprehensive income for the year (pre-tax) $ ( 30 ) $ ( 3 ) Accumulated other comprehensive loss (pre-tax) not yet recognized Prior service cost $ — $ — Actuarial loss, net 43 73 Total accumulated other comprehensive loss (pre-tax) $ 43 $ 73
Components of Net Periodic Benefit Cost	The components of net periodic pension (credit) expense were as follows for the years indicated: Years Ended December 31, (in millions) 2021 2020 2019 Components of net periodic pension expense (credit): Interest cost $ 4 $ 5 $ 6 Expected return on plan assets ( 16 ) ( 15 ) ( 14 ) Amortization of net actuarial loss 7 7 10 Net periodic pension (credit) expense $ ( 5 ) $ ( 3 ) $ 2
Post-Retirement Benefits
Information Regarding Benefit Plan	The following table sets forth certain information regarding the Health & Welfare Plan as of the dates indicated: December 31, (in millions) 2021 2020 Change in benefit obligation: Benefit obligation at beginning of year $ 12 $ 12 Interest cost — — Actuarial gain ( 2 ) — Premiums and claims paid — — Benefit obligation at end of year $ 10 12 Change in plan assets: Fair value of assets at beginning of year $ — $ — Employer contribution — 1 Premiums and claims paid — ( 1 ) Fair value of assets at end of year $ — $ — Funded status (included in “Other liabilities”) $ ( 10 ) ( 12 ) Changes recognized in other comprehensive income for Amortization of prior service cost $ — $ — Amortization of actuarial gain — — Net actuarial (gain) loss arising during the year ( 2 ) — Total recognized in other comprehensive income for the year (pre-tax) $ ( 2 ) $ — Accumulated other comprehensive loss (pre-tax) not yet recognized Prior service cost $ — $ — Actuarial loss, net — 1 Total accumulated other comprehensive income (pre-tax) $ — $ 1
Components of Net Periodic Benefit Cost	The following table presents the components of net periodic benefit cost for the years indicated: Years Ended December 31, (in millions) 2021 2020 2019 Components of Net Periodic Benefit Cost: Service cost $ — $ — $ — Interest cost — — — Amortization of past-service liability — — — Amortization of net actuarial loss — — — Net periodic benefit cost $ — $ — $ — (1) All numbers round to zero.

Stock-Related Benefit Plans (Ta

Stock-Related Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Summary of Activity for Restricted Stock Awards	The following table provides a summary of activity with regard to restricted stock awards in the year ended December 31, 2021: For the Year Ended Number of Shares Weighted Unvested at beginning of year 6,228,048 $ 12.43 Granted 3,131,949 11.20 Vested ( 2,107,282 ) 13.15 Canceled ( 302,380 ) 11.71 Unvested at end of year 6,950,335 11.68
Summary of Activity for Performance-Based Restricted Stock Units	The following table provides a summary of activity with regard to Performance-Based Restricted Stock Units ("PSUs") in th e twelve months ended December 31, 2021: Number of Performance Expected Outstanding at beginning of year 477,872 Granted 356,740 January 1, 2021 - December 31, 2023 March 31, 2024 Outstanding at end of period 834,612

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Assets and Liabilities Measured at Fair Value on Recurring Basis	The following tables present assets and liabilities that were measured at fair value on a recurring basis as of December 31, 2021 and 2020, and that were included in the Company’s Consolidated Statements of Condition at those dates: Fair Value Measurements at December 31, 2021 (in millions) Quoted Significant Significant Netting Total Assets: Mortgage-related Debt Securities GSE certificates $ — $ 1,107 $ — $ — $ 1,107 GSE CMOs — 1,683 — — 1,683 Total mortgage-related debt securities $ — $ 2,790 $ — $ — $ 2,790 Other Debt Securities Available for Sale: U. S. Treasury obligations $ 45 $ — $ — $ — $ 45 GSE debentures — 1,480 — — 1,480 Asset-backed securities — 479 — — 479 Municipal bonds — 25 — — 25 Corporate bonds — 838 — — 838 Foreign notes — 26 — — 26 Capital trust notes — 97 — — 97 Total other debt securities $ 45 $ 2,945 $ — $ — $ 2,990 Total debt securities available for sale $ 45 $ 5,735 $ — $ — $ 5,780 Equity securities: Preferred stock $ — $ — $ — $ — $ — Mutual funds and common stock — 16 — — 16 Total equity securities $ — $ 16 $ — $ — $ 16 Total securities $ 45 $ 5,751 $ — $ — $ 5,796 Fair Value Measurements at December 31, 2020 (in millions) Quoted Significant Significant Netting Total Assets: Mortgage-Related Debt Securities GSE certificates $ — $ 1,209 $ — $ — $ 1,209 GSE CMOs — 1,829 — — 1,829 Total mortgage-related debt securities $ — $ 3,038 $ — $ — $ 3,038 Other Debt Securities Available U.S. Treasury obligations $ 65 $ — $ — $ — $ 65 GSE debentures — 1,158 — — 1,158 Asset-backed securities — 527 — — 527 Municipal bonds — 26 — — 26 Corporate bonds — 882 — — 882 Foreign notes — 26 — — 26 Capital trust notes — 91 — — 91 Total other debt securities $ 65 $ 2,710 $ — $ — $ 2,775 Total debt securities available for sale $ 65 $ 5,748 $ — $ — $ 5,813 Equity securities: — — Preferred stock $ 15 $ — $ — $ — $ 15 Mutual funds and common stock — 16 — — 16 Total equity securities $ 15 $ 16 $ — $ — $ 31 Total securities $ 80 $ 5,764 $ — $ — $ 5,844
Summary of Carrying Values, Estimated Fair Values and Fair Value Measurement Levels of Financial Instruments	The following tables present assets that were measured at fair value on a non-recurring basis as of December 31, 2021 and 2020, and that were included in the Company’s Consolidated Statements of Condition at those dates: Fair Value Measurements at December 31, 2021 Using (in millions) Quoted Prices Significant Significant Total Fair Certain loans (1) $ — $ — $ 32 $ 32 Other assets (2) — — 32 32 Total $ — $ — $ 64 $ 64 (1) Represents the fair value of certain loans individually assessed for impairment, based on the value of the collateral. (2) Represents the fair value of repossessed assets, based on the appraised value of the collateral subsequent to its initial classification as repossessed assets and equity securities without readily determinable fair values. These equity securities are classified as Level 3 due to the infrequency of the observable prices and/or the restrictions on the shares. Fair Value Measurements at December 31, 2020 Using (in millions) Quoted Prices Significant Significant Total Fair Certain impaired loans (1) $ — $ — $ 41 $ 41 Other assets (2) — — 6 6 Total $ — $ — $ 47 $ 47 (1) R epresents the fair value of impaired loans, based on the value of the collateral. (2) Represe nts the fair value of repossessed assets, based on the appraised value of the collateral subsequent to its initial classification as repossessed assets.
Assets and Liabilities Measured at Fair Value on Non-Recurring Basis	The following tables summarize the carrying values, estimated fair values, and fair value measurement levels of financial instruments that were not carried at fair value on the Company’s Consolidated Statements of Condition at December 31, 2021 and 2020: December 31, 2021 Fair Value Measurement Using (in millions) Carrying Estimated Quoted Prices Significant Significant Financial Assets: Cash and cash equivalents $ 2,211 $ 2,211 $ 2,211 $ — $ — FHLB stock (1) 734 734 — 734 — Loans and leases, net 45,539 44,748 — — 44,748 Financial Liabilities: Deposits $ 35,059 $ 35,051 $ 26,635 (2) $ 8,416 (3) $ — Borrowed funds 16,562 17,169 — 17,169 — (1) Carrying value and estimated fair value are at cost. (2) Interest-bearing checking and money market accounts, savings accounts, and non-interest-bearing accounts. (3) Certificates of deposit. December 31, 2020 Fair Value Measurement Using (in millions) Carrying Estimated Quoted Prices Significant Significant Financial Assets: Cash and cash equivalents $ 1,948 $ 1,948 $ 1,947,931 $ — $ — FHLB stock (1) 714 714 — 714 — Loans and leases, net 42,807 42,376 — — 42,376 Financial Liabilities: Deposits $ 32,437 $ 32,466 $ 22,106 (2) $ 10,360 (3) $ — Borrowed funds 16,084 16,794 — 16,794 — (1) Carryin g value and estimated fair value are at cost. (2) Interest-bearing checking and money market accounts, savings accounts, and non-interest-bearing accounts. (3) Certificates of deposit.

Parent Company Only Financial_2

Parent Company Only Financial Information (Tables)	12 Months Ended
	Dec. 31, 2021
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Condensed Statements of Condition	Condensed Statements of Condition December 31, (in millions) 2021 2020 ASSETS: Cash and cash equivalents $ 139 151 Investments in subsidiaries 7,525 7,334 Receivables from subsidiaries 3 — Other assets 45 23 Total assets $ 7,712 7,508 LIABILITIES AND STOCKHOLDERS’ EQUITY: Junior subordinated debentures $ 361 360 Subordinated notes 296 296 Other liabilities 11 10 Total liabilities 668 666 Stockholders’ equity 7,044 6,842 Total liabilities and stockholders’ equity $ 7,712 7,508
Condensed Statements of Income (Loss)	Condensed Statements of Income Years Ended December 31, (in millions) 2021 2020 2019 Interest income $ — $ — $ — Dividends received from subsidiaries 380 380 380 Other income 1 1 1 Gross income 381 381 381 Operating expenses 50 52 50 Income before income tax benefit and equity in underdistributed 331 329 331 Income tax benefit 14 14 14 Income before equity in underdistributed earnings of subsidiaries 345 343 345 Equity in underdistributed earnings of subsidiaries 251 168 50 Net income $ 596 $ 511 $ 395
Condensed Statements of Cash Flows	Condensed Statements of Cash Flows Years Ended December 31, (in millions) 2021 2020 2019 CASH FLOWS FROM OPERATING ACTIVITIES: Net income $ 596 $ 511 $ 395 Change in other assets ( 22 ) — — Change in other liabilities 1 — ( 2 ) Other, net 32 30 33 Equity in undistributed earnings of subsidiaries ( 251 ) ( 168 ) ( 50 ) Net cash provided by operating activities 356 373 376 CASH FLOWS FROM INVESTING ACTIVITIES: Change in receivable from subsidiaries, net ( 3 ) 2 4 Net cash (used in) provided by investing activities ( 3 ) 2 4 CASH FLOWS FROM FINANCING ACTIVITIES: Treasury stock repurchased ( 16 ) ( 59 ) ( 75 ) Cash dividends paid on common and preferred stock ( 349 ) ( 348 ) ( 350 ) Net cash used in financing activities ( 365 ) ( 407 ) ( 425 ) Net decrease in cash and cash equivalents ( 12 ) ( 32 ) ( 45 ) Cash and cash equivalents at beginning of year 151 183 228 Cash and cash equivalents at end of year $ 139 $ 151 $ 183

Capital (Tables)

Capital (Tables)	12 Months Ended
	Dec. 31, 2021
Capital [Abstract]
Regulatory Capital Ratios for Company in Comparison With Minimum Amounts and Ratios Required by Federal Reserve Board of Governors	The following tables present the regulatory capital ratios for the Company at December 31, 2021 and 2020, in comparison with the minimum amounts and ratios required by the FRB for capital adequacy purposes: Risk-Based Capital At December 31, 2021 Common Equity Tier 1 Total Leverage Capital (dollars in millions) Amount Ratio Amount Ratio Amount Ratio Amount Ratio Total capital $ 4,226 9.68 % $ 4,729 10.83 % $ 5,558 12.73 % $ 4,729 8.46 % Minimum for capital 1,966 4.50 2,621 6.00 3,494 8.00 2,237 4.00 Excess $ 2,260 5.18 % $ 2,108 4.83 % $ 2,064 4.73 % $ 2,492 4.46 % Risk-Based Capital At December 31, 2020 Common Equity Tier 1 Total Leverage Capital (dollars in millions) Amount Ratio Amount Ratio Amount Ratio Amount Ratio Total capital $ 3,962 9.72 % $ 4,465 10.95 % $ 5,290 12.97 % $ 4,465 8.52 % Minimum for capital 1,834 4.50 2,446 6.00 3,262 8.00 2,096 4.00 Excess $ 2,128 5.22 % $ 2,019 4.95 % $ 2,028 4.97 % $ 2,369 4.52 %
Actual Capital Amounts and Ratios for Community Bank in Comparison to Minimum Amounts and Ratios Required	The following tables present the actual capital amounts and ratios for the Bank at December 31, 2021 and 2020 in comparison to the minimum amounts and ratios required for capital adequacy purposes. Risk-Based Capital At December 31, 2021 Common Tier 1 Total Leverage (dollars in millions) Amount Ratio Amount Ratio Amount Ratio Amount Ratio Total capital $ 5,217 11.95 % $ 5,217 11.95 % $ 5,402 12.38 % $ 5,217 9.33 % Minimum for capital adequacy 1,964 4.50 2,619 6.00 3,491 8.00 2,236 4.00 Excess $ 3,253 7.45 % $ 2,598 5.95 % $ 1,911 4.38 % $ 2,981 5.33 % Risk-Based Capital At December 31, 2020 Common Tier 1 Total Leverage (dollars in millions) Amount Ratio Amount Ratio Amount Ratio Amount Ratio Total capital $ 4,964 12.18 % $ 4,964 12.18 % $ 5,145 12.62 % $ 4,964 9.48 % Minimum for capital adequacy 1,834 4.50 2,445 6.00 3,260 8.00 2,095 4.00 Excess $ 3,130 7.68 % $ 2,519 6.18 % $ 1,885 4.62 % $ 2,869 5.48 %

Organization and Basis of Pre_2

Organization and Basis of Presentation - Additional Information (Details)	12 Months Ended
	Dec. 31, 2021Branch$ / shares	Dec. 31, 2020$ / shares
Organization and Basis of Presentation [Line Items]
Common stock, par	$ 0.01	$ 0.01
Description of nine stock splits	$0.93 per share on a split-adjusted basis, reflecting the impact of nine stock splits between 1994 and 2004
New York Community Bank
Organization and Basis of Presentation [Line Items]
Number of branches | Branch	237
IPO
Organization and Basis of Presentation [Line Items]
Shares issued, price per share	$ 25
Shares issued, price per share, split adjusted basis	$ 0.93

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Detail)	Jan. 01, 2020USD ($)	Dec. 31, 2021USD ($)Segmentshares	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Significant Accounting Policies [Line Items]
Cash and cash equivalents, interest-bearing deposits in other financial institutions		$ 2,211,000,000	$ 1,948,000,000	$ 742,000,000	$ 1,475,000,000
Cash and cash equivalents, interest-bearing deposits in other financial institutions, Federal Reserve Bank of New York		1,700,000,000	1,600,000,000
Cash and cash equivalents, federal funds sold		0	0
Cash and cash equivalents, outstanding reverse repurchase agreements		406,000,000	193,000,000
Allowance for loan and lease losses		199,000,000	194,000,000	148,000,000
Retained earnings		741,000,000	494,000,000
Increase in allowance for credit losses on loans and leases	$ 2,000,000	15,000,000	3,000,000
Off-balance sheet credit exposures before adoption of CECL	13,000,000
Goodwill		$ 2,426,000,000	2,426,000,000
Number of operating segments | Segment		1
Number of reportable segments | Segment		1
Goodwill impairment		$ 0
Depreciation		21,000,000	24,000,000	27,000,000
Bank-owned life insurance		1,184,000,000	1,164,000,000
Bank-owned life insurance income		29,000,000	32,000,000	28,000,000
Other real estate owned		$ 3,000,000	2,000,000
Shares available for grant | shares		8,548,783
Taxi Medallion Loans
Significant Accounting Policies [Line Items]
Other real estate owned		$ 5,000,000	7,000,000
Premises
Significant Accounting Policies [Line Items]
Premises, furniture, fixtures, and equipment, estimated useful lives (in years)		20 years
Furniture, Fixtures and Equipment | Minimum
Significant Accounting Policies [Line Items]
Premises, furniture, fixtures, and equipment, estimated useful lives (in years)		3 years
Furniture, Fixtures and Equipment | Maximum
Significant Accounting Policies [Line Items]
Premises, furniture, fixtures, and equipment, estimated useful lives (in years)		10 years
Unfunded Commitments
Significant Accounting Policies [Line Items]
Allowance for credit losses		$ 12,000,000	$ 12,000,000	$ 1,000,000
Accounting Standards Update 2016-13
Significant Accounting Policies [Line Items]
Retained earnings	$ 2,000,000
Accounting Standards Update 2020-04
Significant Accounting Policies [Line Items]
Change in accounting principle, accounting standards update, adopted [true false]		true
Change in accounting principle, accounting standards update, adoption date		Mar. 31, 2020
Change in accounting principle, accounting standards update, immaterial effect [true false]		true

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Computation of Basic and Diluted Earnings Per Common Share (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Earnings Per Share [Abstract]
Net income available to common shareholders	$ 563	$ 478	$ 362
Less: Dividends paid on and earnings allocated to participating securities	(7)	(6)	(4)
Earnings applicable to common stock	$ 556	$ 472	$ 358
Weighted average common shares outstanding	463,865,661	462,605,341	465,380,010
Basic earnings per common share	$ 1.20	$ 1.02	$ 0.77
Earnings applicable to common stock	$ 556	$ 472	$ 358
Potential dilutive common shares	767,058	676,061	283,322
Total shares for diluted earnings per common share computation	464,632,719	463,281,402	465,663,332
Diluted earnings per common share and common share equivalents	$ 1.20	$ 1.02	$ 0.77

Reclassifications Out of Accu_3

Reclassifications Out of Accumulated Other Comprehensive Loss - Reclassifications of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income tax (expense) benefit		$ 210	$ 77	$ 128
Net income		596	511	395
Interest expense		400	$ 608	$ 848
Reclassifications, net of tax	[1]	(23)
Past service liability
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Reclassifications, before tax	[1],[2]	0
Actuarial losses
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Reclassifications, before tax	[1],[2]	(7)
Amortization of defined benefit pension
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Reclassifications, before tax	[1]	(7)
Tax benefit	[1]	2
Reclassifications, net of tax	[1]	(5)
Reclassification out of Accumulated Other Comprehensive Income (loss) | Unrealized gains on available-for-sale securities
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net gain on securities	[1]	0
Income tax (expense) benefit	[1]	0
Net income	[1]	0
Reclassification out of Accumulated Other Comprehensive Income (loss) | Unrealized gains on cash flow hedges
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income tax (expense) benefit	[1]	7
Net income	[1]	(18)
Interest expense	[1]	$ (25)
[1]	Amounts in parentheses indicate expense items.
[2]	See Note 14, “Employee Benefits,” for additional information.

Securities - Summary of Portfol

Securities - Summary of Portfolio of Securities Available for Sale (Details) - USD ($) $ in Millions	Dec. 31, 2021		Dec. 31, 2020
Schedule of Available-for-sale Securities [Line Items]
Fair Value	$ 5,780		$ 5,813
Equity Securities, Fair Value	16		32
Total Equity Securities, Amortized Cost	5,850	[1]	5,744	[2]
Total Equity Securities, Gross Unrealized Gain	62	[1]	131	[2]
Total Equity Securities, Gross Unrealized Loss	116	[1]	30	[2]
Total Equity Securities, Fair Value	5,796	[1]	5,845	[2]
Mortgage-Related Securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	2,819		2,942
Gross Unrealized Gain	31		99
Gross Unrealized Loss	60		3
Fair Value	2,790		3,038
Mortgage-Related Securities | GSE Certificates
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	1,102		1,155
Gross Unrealized Gain	20		54
Gross Unrealized Loss	15
Fair Value	1,107		1,209
Mortgage-Related Securities | GSE CMOs
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	1,717		1,787
Gross Unrealized Gain	11		45
Gross Unrealized Loss	45		3
Fair Value	1,683		1,829
Debt Securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	3,015		2,771
Gross Unrealized Gain	31		32
Gross Unrealized Loss	56		27
Fair Value	2,990		2,776
Debt Securities | U.S. Treasury Obligations
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	45		65
Fair Value	45		65
Debt Securities | GSE Debentures
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	1,524		1,158
Gross Unrealized Gain	1		4
Gross Unrealized Loss	45		4
Fair Value	1,480		1,158
Debt Securities | Asset-backed Securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	479	[3]	530	[4]
Gross Unrealized Gain	3	[3]	2	[4]
Gross Unrealized Loss	3	[3]	6	[4]
Fair Value	479	[3]	526	[4]
Debt Securities | Municipal Bonds
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	25		26
Gross Unrealized Gain			1
Fair Value	25		27
Debt Securities | Corporate Bonds
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	821		871
Gross Unrealized Gain	18		18
Gross Unrealized Loss	1		6
Fair Value	838		883
Debt Securities | Foreign Notes
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	25		25
Gross Unrealized Gain	1		1
Fair Value	26		26
Debt Securities | Capital Trust Notes
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	96		96
Gross Unrealized Gain	8		6
Gross Unrealized Loss	7		11
Fair Value	97		91
Mortgage Backed Securities And Other Securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	5,834		5,713
Gross Unrealized Gain	62		131
Gross Unrealized Loss	116		30
Fair Value	5,780		5,814
Equity Securities
Schedule of Available-for-sale Securities [Line Items]
Equity Securities, Amortized Cost	16		31
Equity Securities, Fair Value	16		31
Equity Securities | Preferred Stock
Schedule of Available-for-sale Securities [Line Items]
Equity Securities, Amortized Cost			15
Equity Securities, Fair Value			15
Equity Securities | Mutual Funds
Schedule of Available-for-sale Securities [Line Items]
Equity Securities, Amortized Cost	16		16
Equity Securities, Fair Value	$ 16		$ 16
[1]	Excludes accrued interest receivable of $ 15 million included in other assets in the Consolidated Statements of Condition.
[2]	Excludes accrued interest receivable of $ 15 million included in other assets in the Consolidated Statements of Condition.
[3]	The underlying assets of the asset-backed securities are substantially guaranteed by the U.S. Government..
[4]	The underlying assets of the asset-backed securities are substantially guaranteed by the U.S. Government.

Securities - Summary of Portf_2

Securities - Summary of Portfolio of Securities Available for Sale (Parenthetical) (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Available-for-sale Securities
Schedule of Available-for-sale Securities [Line Items]
Accrued interest receivable	$ 15	$ 15

Securities - Additional Informa

Securities - Additional Information (Details) $ in Millions		12 Months Ended
		Dec. 31, 2021USD ($)Investment	Dec. 31, 2020USD ($)Investment	Dec. 31, 2019USD ($)
Schedule of Investments [Line Items]
Federal Home Loan Bank stock, at cost | $	[1]	$ 734	$ 714
Net gains on equity securities | $		$ 0	$ 1	$ 2
Collateralized Mortgage Obligations
Schedule of Investments [Line Items]
Number of investment securities designated as having a continuous loss position for twelve months or more		4	4
Capital Trust Notes
Schedule of Investments [Line Items]
Number of investment securities designated as having a continuous loss position for twelve months or more		5	5
Asset-backed Securities
Schedule of Investments [Line Items]
Number of investment securities designated as having a continuous loss position for twelve months or more		4	7
Corporate Bonds
Schedule of Investments [Line Items]
Number of investment securities designated as having a continuous loss position for twelve months or more		2	3
Municipal Bonds
Schedule of Investments [Line Items]
Number of investment securities designated as having a continuous loss position for twelve months or more		1	1
US Government Agencies Securities
Schedule of Investments [Line Items]
Number of investment securities designated as having a continuous loss position for twelve months or more		20
Mortgage-Related Securities
Schedule of Investments [Line Items]
Number of investment securities designated as having a continuous loss position for twelve months or more		21
[1]	Carryin g value and estimated fair value are at cost.

Securities - Summary of Gross P

Securities - Summary of Gross Proceeds and Gross Realized Gains and Losses from Sale of Available-for-Sale Securities (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Investments Debt And Equity Securities [Abstract]
Gross proceeds	$ 484	$ 361
Gross realized gains	2	$ 5
Gross realized losses	$ 1

Securities - Summary of Amortiz

Securities - Summary of Amortized Cost of Available-for-Sale Securities by Contractual Maturity (Details) - USD ($) $ in Millions		Dec. 31, 2021	Dec. 31, 2020
Available-for-Sale Debt Securities:
Due within one year, fair value		$ 77
Due from one to five years, fair value		594
Due from five to ten years, fair value		1,226
Due after ten years, fair value		3,883
Fair Value		5,780	$ 5,813
Mortgage-Related Securities
Available-for-Sale Debt Securities:
Due within one year		27
Due from one to five years		142
Due from five to ten years		271
Due after ten years		2,379
Amortized Cost		2,819
U.S. Government and GSE obligations
Available-for-Sale Debt Securities:
Due within one year		45
Due from one to five years		22
Due from five to ten years		423
Due after ten years		1,079
Amortized Cost		1,569
State, County, and Municipal
Available-for-Sale Debt Securities:
Due within one year
Due from one to five years
Due from five to ten years		19
Due after ten years		6
Amortized Cost		25
Other Debt Securities
Available-for-Sale Debt Securities:
Due within one year	[1]	5
Due from one to five years	[1]	408
Due from five to ten years	[1]	512
Due after ten years	[1]	496
Amortized Cost	[1]	$ 1,421
[1]	Includes corporate bonds, capital trust notes, foreign notes, and asset-backed securities.

Securities - Summary of Held-to

Securities - Summary of Held-to-Maturity and Available-for-Sale Securities Having Continuous Unrealized Loss Position (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Schedule of Investments [Line Items]
Temporarily Impaired Available-for-Sale Securities, Less than Twelve Months Fair Value	$ 1,846	$ 1,095
Temporarily Impaired Available-for-Sale Securities, Less than Twelve Months Unrealized Loss	44	10
Temporarily Impaired Available-for-Sale Securities, Twelve Months or Longer Fair Value	1,683	726
Temporarily Impaired Available-for-Sale Securities, Twelve Months or Longer Unrealized Loss	72	20
Temporarily Impaired Available-for-Sale Securities, Total Fair Value	3,529	1,821
Temporarily Impaired Available-for-Sale Securities, Total Unrealized Loss	116	30
Debt Securities | U.S. Treasury Obligations
Schedule of Investments [Line Items]
Temporarily Impaired Available-for-Sale Securities, Less than Twelve Months Fair Value	45
Temporarily Impaired Available-for-Sale Securities, Total Fair Value	45
Debt Securities | U.S. Government and GSE obligations
Schedule of Investments [Line Items]
Temporarily Impaired Available-for-Sale Securities, Less than Twelve Months Fair Value	317	59
Temporarily Impaired Available-for-Sale Securities, Less than Twelve Months Unrealized Loss	7
Temporarily Impaired Available-for-Sale Securities, Twelve Months or Longer Fair Value	185
Temporarily Impaired Available-for-Sale Securities, Twelve Months or Longer Unrealized Loss	8
Temporarily Impaired Available-for-Sale Securities, Total Fair Value	502	59
Temporarily Impaired Available-for-Sale Securities, Total Unrealized Loss	15
Debt Securities | GSE Certificates
Schedule of Investments [Line Items]
Temporarily Impaired Available-for-Sale Securities, Less than Twelve Months Fair Value	846	442
Temporarily Impaired Available-for-Sale Securities, Less than Twelve Months Unrealized Loss	28	3
Temporarily Impaired Available-for-Sale Securities, Twelve Months or Longer Fair Value	293	74
Temporarily Impaired Available-for-Sale Securities, Twelve Months or Longer Unrealized Loss	17
Temporarily Impaired Available-for-Sale Securities, Total Fair Value	1,139	516
Temporarily Impaired Available-for-Sale Securities, Total Unrealized Loss	45	3
Debt Securities | GSE CMOs
Schedule of Investments [Line Items]
Temporarily Impaired Available-for-Sale Securities, Less than Twelve Months Fair Value	491	522
Temporarily Impaired Available-for-Sale Securities, Less than Twelve Months Unrealized Loss	8	4
Temporarily Impaired Available-for-Sale Securities, Twelve Months or Longer Fair Value	926
Temporarily Impaired Available-for-Sale Securities, Twelve Months or Longer Unrealized Loss	37
Temporarily Impaired Available-for-Sale Securities, Total Fair Value	1,417	522
Temporarily Impaired Available-for-Sale Securities, Total Unrealized Loss	45	4
Debt Securities | Asset-backed Securities
Schedule of Investments [Line Items]
Temporarily Impaired Available-for-Sale Securities, Less than Twelve Months Fair Value	130
Temporarily Impaired Available-for-Sale Securities, Less than Twelve Months Unrealized Loss	1
Temporarily Impaired Available-for-Sale Securities, Twelve Months or Longer Fair Value	135	364
Temporarily Impaired Available-for-Sale Securities, Twelve Months or Longer Unrealized Loss	2	6
Temporarily Impaired Available-for-Sale Securities, Total Fair Value	265	364
Temporarily Impaired Available-for-Sale Securities, Total Unrealized Loss	3	6
Debt Securities | Municipal Bonds
Schedule of Investments [Line Items]
Temporarily Impaired Available-for-Sale Securities, Twelve Months or Longer Fair Value	8	9
Temporarily Impaired Available-for-Sale Securities, Total Fair Value	8	9
Debt Securities | Corporate Bonds
Schedule of Investments [Line Items]
Temporarily Impaired Available-for-Sale Securities, Less than Twelve Months Fair Value		72
Temporarily Impaired Available-for-Sale Securities, Less than Twelve Months Unrealized Loss		3
Temporarily Impaired Available-for-Sale Securities, Twelve Months or Longer Fair Value	99	246
Temporarily Impaired Available-for-Sale Securities, Twelve Months or Longer Unrealized Loss	1	3
Temporarily Impaired Available-for-Sale Securities, Total Fair Value	99	318
Temporarily Impaired Available-for-Sale Securities, Total Unrealized Loss	1	6
Debt Securities | Foreign Notes
Schedule of Investments [Line Items]
Temporarily Impaired Available-for-Sale Securities, Less than Twelve Months Fair Value	5
Temporarily Impaired Available-for-Sale Securities, Total Fair Value	5
Debt Securities | Capital Trust Notes
Schedule of Investments [Line Items]
Temporarily Impaired Available-for-Sale Securities, Twelve Months or Longer Fair Value	37	33
Temporarily Impaired Available-for-Sale Securities, Twelve Months or Longer Unrealized Loss	7	11
Temporarily Impaired Available-for-Sale Securities, Total Fair Value	37	33
Temporarily Impaired Available-for-Sale Securities, Total Unrealized Loss	7	$ 11
Equity Securities
Schedule of Investments [Line Items]
Temporarily Impaired Available-for-Sale Securities, Less than Twelve Months Fair Value	12
Temporarily Impaired Available-for-Sale Securities, Total Fair Value	$ 12

Loans and Leases - Composition

Loans and Leases - Composition of Loan and Lease Portfolio (Details) - USD ($) $ in Millions		Dec. 31, 2021		Dec. 31, 2020		Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-Covered Loans	[1]	$ 45,681		$ 42,822
Non-Covered Loans, Percentage	[1]	100.00%		100.00%
Net deferred loan origination costs		$ 57		$ 62
Allowance for loan and lease losses		(199)		(194)		$ (148)
Total loans and leases held for investment, net		45,539		42,690
Loans held for sale	[2]			117
Total loans and leases, net		45,539		42,807
Multi-Family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-Covered Loans		$ 34,603		$ 32,236
Non-Covered Loans, Percentage		75.75%		75.28%
Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-Covered Loans		$ 6,698		$ 6,836
Non-Covered Loans, Percentage		14.66%		15.96%
One-to-Four Family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-Covered Loans		$ 160		$ 236
Non-Covered Loans, Percentage		0.35%		0.55%
Acquisition, Development, and Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-Covered Loans		$ 209		$ 90
Non-Covered Loans, Percentage		0.46%		0.21%
Mortgage Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-Covered Loans		$ 41,670		$ 39,398
Non-Covered Loans, Percentage		91.22%		92.00%
Allowance for loan and lease losses		$ (178)		$ (176)		$ (123)
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-Covered Loans	[4]	$ 4,006	[3]	$ 3,417	[5]
Non-Covered Loans, Percentage	[4]	8.77%		7.98%
Commercial and Industrial | Other Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-Covered Loans		$ 2,236		$ 1,682
Non-Covered Loans, Percentage		4.89%		3.93%
Lease Financing, Unearned Income
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-Covered Loans		$ 1,770		$ 1,735
Non-Covered Loans, Percentage		3.88%		4.05%
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-Covered Loans		$ 5		$ 7
Non-Covered Loans, Percentage		0.01%		0.02%
Total Other Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-Covered Loans		$ 4,011		$ 3,424
Total Other Loans | Other Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-Covered Loans		$ 4,011		$ 3,424
Non-Covered Loans, Percentage		8.78%		8.00%
[1]	Excludes accrued interest receivable of $ 199 million and $ 219 million at December 31, 2021 and December 31, 2020 , respectively, which is included in other assets in the Consolidated Statements of Condition.
[2]	Includes deferred loan origination fees of $ 2 million.
[3]	Includes lease financing receivables, all of which were classified as Pass.
[4]	Includes specialty finance loans and leases of $ 3.5 billion and $ 3.0 billion, respectively, at December 31, 2021 and December 31, 2020 , and other C&I loans of $ 527 million and $ 393 million, respectively, at December 31, 2021 and December 31, 2020 .
[5]	Includes lease financing receivables, all of which were classified as Pass.

Loans and Leases - Compositio_2

Loans and Leases - Composition of Loan and Lease Portfolio (Parenthetical) (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2020		Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-Covered Loans	[1]	$ 42,822		$ 45,681
Deferred loan origination fees		2
Other Assets
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accrued interest receivable		219		199
Lease Financing, Unearned Income
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unearned income		116		95
Non-Covered Loans		1,735		1,770
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-Covered Loans	[3]	3,417	[2]	4,006	[4]
Commercial and Industrial | Other Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-Covered Loans		1,682		2,236
Commercial and Industrial | Specialty Finance Loans | Other Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-Covered Loans		3,000		3,500
Commercial and Industrial | Other Commercial and Industrial Loans | Other Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-Covered Loans		$ 393		$ 527
[1]	Excludes accrued interest receivable of $ 199 million and $ 219 million at December 31, 2021 and December 31, 2020 , respectively, which is included in other assets in the Consolidated Statements of Condition.
[2]	Includes lease financing receivables, all of which were classified as Pass.
[3]	Includes specialty finance loans and leases of $ 3.5 billion and $ 3.0 billion, respectively, at December 31, 2021 and December 31, 2020 , and other C&I loans of $ 527 million and $ 393 million, respectively, at December 31, 2021 and December 31, 2020 .
[4]	Includes lease financing receivables, all of which were classified as Pass.

Loans and Leases - Additional I

Loans and Leases - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Financing Receivable, Recorded Investment [Line Items]
Outstanding loans to Executive officers, directors, principal shareholders, related interest and parties	$ 6,000,000	$ 38,000,000
CARES act of 2020 aid, election description	the Company made the election to deem that loan modifications do not result in TDRs if they are (1) related to the novel coronavirus disease (“COVID-19”); (2) executed on a loan that was not more than 30 days past due as of December 31, 2019; and (3) executed between March 1, 2020, and the earlier of (A) 60 days after the date of termination of the National Emergency or (B) December 31, 2020. This includes short-term (e.g., up to six months) modifications such as payment deferrals, fee waivers, extensions of repayment terms, or delays in payment that are insignificant. Borrowers considered current are those that are less than 30 days past due on their contractual payments at the time a modification program is implemented.
Commercial and Industrial
Financing Receivable, Recorded Investment [Line Items]
Loan classified as non accrual TDRs	$ 0	3,000,000	$ 1,000,000
Residential Mortgage
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, loans in process of foreclosure	0	$ 0
Financing Receivable Troubled Debt Restructurings Rate Reductions
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, loans in process of foreclosure	$ 29,000,000

Loans and Leases - Quality of L

Loans and Leases - Quality of Loans Held for Investment (Details) - USD ($)		Dec. 31, 2021		Dec. 31, 2020		Dec. 31, 2019
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans Receivable	[1]	$ 45,681,000,000		$ 42,822,000,000
Multi-Family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans Receivable		34,603,000,000		32,236,000,000
Commercial Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans Receivable		6,698,000,000		6,836,000,000
One-to-Four Family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans Receivable		160,000,000		236,000,000
Acquisition, Development, and Construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans Receivable		209,000,000		90,000,000
Commercial and Industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non- Accrual Loans		0		3,000,000		$ 1,000,000
Total Loans Receivable	[3]	4,006,000,000	[2]	3,417,000,000	[4]
Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans Receivable		5,000,000		7,000,000
Non-Covered Loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non- Accrual Loans		33,000,000		38,000,000
Total Loans Receivable		45,681,000,000		42,822,000,000
Non-Covered Loans | Financing Receivable, 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans		67,000,000		16,000,000
Non-Covered Loans | Total Past Due Loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans		100,000,000		54,000,000
Non-Covered Loans | Current Loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans		45,581,000,000		42,768,000,000
Non-Covered Loans | Multi-Family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non- Accrual Loans		10,000,000		4,000,000
Total Loans Receivable		34,603,000,000		32,236,000,000
Non-Covered Loans | Multi-Family | Financing Receivable, 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans		57,000,000		4,000,000
Non-Covered Loans | Multi-Family | Total Past Due Loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans		67,000,000		8,000,000
Non-Covered Loans | Multi-Family | Current Loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans		34,536,000,000		32,228,000,000
Non-Covered Loans | Commercial Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non- Accrual Loans		16,000,000		12,000,000
Total Loans Receivable		6,698,000,000		6,836,000,000
Non-Covered Loans | Commercial Real Estate | Financing Receivable, 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans		2,000,000		10,000,000
Non-Covered Loans | Commercial Real Estate | Total Past Due Loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans		18,000,000		22,000,000
Non-Covered Loans | Commercial Real Estate | Current Loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans		6,680,000,000		6,814,000,000
Non-Covered Loans | One-to-Four Family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non- Accrual Loans		1,000,000		2,000,000
Total Loans Receivable		160,000,000		236,000,000
Non-Covered Loans | One-to-Four Family | Financing Receivable, 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans		8,000,000		2,000,000
Non-Covered Loans | One-to-Four Family | Total Past Due Loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans		9,000,000		4,000,000
Non-Covered Loans | One-to-Four Family | Current Loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans		151,000,000		232,000,000
Non-Covered Loans | Acquisition, Development, and Construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans Receivable		209,000,000		90,000,000
Non-Covered Loans | Acquisition, Development, and Construction | Current Loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans		209,000,000		90,000,000
Non-Covered Loans | Commercial and Industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non- Accrual Loans		6,000,000	[5],[6]	20,000,000	[7],[8]
Total Loans Receivable		4,006,000,000	[5],[6]	3,417,000,000	[7],[8]
Non-Covered Loans | Commercial and Industrial | Total Past Due Loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans		6,000,000	[5],[6]	20,000,000	[7],[8]
Non-Covered Loans | Commercial and Industrial | Current Loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans		4,000,000,000	[5],[6]	3,397,000,000	[7],[8]
Non-Covered Loans | Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans Receivable		5,000,000		7,000,000
Non-Covered Loans | Other | Current Loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans		$ 5,000,000		$ 7,000,000
[1]	Excludes accrued interest receivable of $ 199 million and $ 219 million at December 31, 2021 and December 31, 2020 , respectively, which is included in other assets in the Consolidated Statements of Condition.
[2]	Includes lease financing receivables, all of which were classified as Pass.
[3]	Includes specialty finance loans and leases of $ 3.5 billion and $ 3.0 billion, respectively, at December 31, 2021 and December 31, 2020 , and other C&I loans of $ 527 million and $ 393 million, respectively, at December 31, 2021 and December 31, 2020 .
[4]	Includes lease financing receivables, all of which were classified as Pass.
[5]	Includes $ 6 million of taxi medallion-related loans that were 90 days or more past due. There were no taxi medallion-related loans that were 30 to 89 days past due.
[6]	Includes lease financing receivables, all of which were current.
[7]	Includes $ 19 million of taxi medallion-related loans that were 90 days or more past due. There were no taxi medallion-related loans that were 30 to 89 days past due.
[8]	Includes lease financing receivables, all of which were current.

Loans and Leases - Quality of_2

Loans and Leases - Quality of Loans Held for Investment (Parenthetical) (Details) - Taxi Medallion Loans - Commercial and Industrial - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Loans 90 Days Or More Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	$ 6,000,000	$ 19,000,000
Financing Receivable, 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	$ 0	$ 0

Loans and Leases - Portfolio of

Loans and Leases - Portfolio of Loans Held for Investment by Credit Quality Indicator (Details) - USD ($) $ in Millions		Dec. 31, 2021		Dec. 31, 2020
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans	[1]	$ 45,681		$ 42,822
Multi-Family
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		34,603		32,236
Multi-Family | Pass
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		33,011		31,220
Multi-Family | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		981		567
Multi-Family | Substandard
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		611		449
Commercial Real Estate
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		6,698		6,836
Commercial Real Estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		5,874		5,884
Commercial Real Estate | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		643		637
Commercial Real Estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		181		315
One-to-Four Family
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		160		236
One-to-Four Family | Pass
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		137		222
One-to-Four Family | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		14		12
One-to-Four Family | Substandard
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		9		2
Acquisition, Development, and Construction
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		209		90
Acquisition, Development, and Construction | Pass
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		204		68
Acquisition, Development, and Construction | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		5		22
Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		41,670		39,398
Mortgage Receivable | Pass
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		39,226		37,394
Mortgage Receivable | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		1,643		1,238
Mortgage Receivable | Substandard
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		801		766
Commercial and Industrial
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans	[3]	4,006	[2]	3,417	[4]
Commercial and Industrial | Pass
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		3,959	[2]	3,388	[4]
Commercial and Industrial | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		2	[2]	3	[4]
Commercial and Industrial | Substandard
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		45	[2]	26	[4]
Other
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		5		7
Other | Pass
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		5		7
Total Other Loans
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		4,011		3,424
Total Other Loans | Pass
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		3,964		3,395
Total Other Loans | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		2		3
Total Other Loans | Substandard
Financing Receivable, Recorded Investment [Line Items]
Non-Covered Loans		$ 45		$ 26
[1]	Excludes accrued interest receivable of $ 199 million and $ 219 million at December 31, 2021 and December 31, 2020 , respectively, which is included in other assets in the Consolidated Statements of Condition.
[2]	Includes lease financing receivables, all of which were classified as Pass.
[3]	Includes specialty finance loans and leases of $ 3.5 billion and $ 3.0 billion, respectively, at December 31, 2021 and December 31, 2020 , and other C&I loans of $ 527 million and $ 393 million, respectively, at December 31, 2021 and December 31, 2020 .
[4]	Includes lease financing receivables, all of which were classified as Pass.

Loans and Leases - Schedule of

Loans and Leases - Schedule of Credit Quality Indicator, Loan Class and Year of Origination the Amortized Cost Basis of Loans And Leases (Details) $ in Millions	Dec. 31, 2021USD ($)
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	$ 45,738
Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	41,697
Other Loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	4,041
Pass | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	39,252
Pass | Other Loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	3,994
Special Mention | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	1,644
Special Mention | Other Loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	2
Substandard | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	801
Substandard | Other Loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	45
2021
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	10,279
2021 | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	9,363
2021 | Other Loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	916
2021 | Pass | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	9,363
2021 | Pass | Other Loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	916
2020
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	10,046
2020 | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	9,374
2020 | Other Loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	672
2020 | Pass | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	9,223
2020 | Pass | Other Loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	670
2020 | Special Mention | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	128
2020 | Substandard | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	23
2020 | Substandard | Other Loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	2
2019
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	6,487
2019 | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	5,952
2019 | Other Loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	535
2019 | Pass | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	5,623
2019 | Pass | Other Loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	533
2019 | Special Mention | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	221
2019 | Substandard | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	108
2019 | Substandard | Other Loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	2
2018
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	5,279
2018 | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	5,191
2018 | Other Loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	88
2018 | Pass | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	4,700
2018 | Pass | Other Loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	87
2018 | Special Mention | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	346
2018 | Substandard | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	145
2018 | Substandard | Other Loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	1
2017
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	3,689
2017 | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	3,536
2017 | Other Loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	153
2017 | Pass | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	3,320
2017 | Pass | Other Loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	152
2017 | Special Mention | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	123
2017 | Substandard | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	93
2017 | Substandard | Other Loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	1
Prior to 2017
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	8,443
Prior to 2017 | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	8,263
Prior to 2017 | Other Loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	180
Prior to 2017 | Pass | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	7,006
Prior to 2017 | Pass | Other Loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	167
Prior to 2017 | Special Mention | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	825
Prior to 2017 | Substandard | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	432
Prior to 2017 | Substandard | Other Loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	13
Revolving Loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	1,515
Revolving Loans | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	18
Revolving Loans | Other Loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	1,497
Revolving Loans | Pass | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	17
Revolving Loans | Pass | Other Loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	1,469
Revolving Loans | Special Mention | Mortgage Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	1
Revolving Loans | Special Mention | Other Loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	2
Revolving Loans | Substandard | Other Loans
Financing Receivable, Recorded Investment [Line Items]
Loans and lease receivable amortized cost basis	$ 26

Loans and Leases - Summary of C

Loans and Leases - Summary of Collateral-Dependent Loans Held for Investment by Collateral Type (Details) $ in Millions	Dec. 31, 2021USD ($)
Real Estate
Disclosure Of Summary Of Collateral Dependent Loans Held For Investment By Collateral Type [Line Items]
Loans and leases receivable, collateral for secured borrowings	$ 39
Assets received as collateral	39
Real Estate | Multi-Family
Disclosure Of Summary Of Collateral Dependent Loans Held For Investment By Collateral Type [Line Items]
Loans and leases receivable, collateral for secured borrowings	9
Real Estate | Commercial Real Estate
Disclosure Of Summary Of Collateral Dependent Loans Held For Investment By Collateral Type [Line Items]
Loans and leases receivable, collateral for secured borrowings	30
Other
Disclosure Of Summary Of Collateral Dependent Loans Held For Investment By Collateral Type [Line Items]
Loans and leases receivable, collateral for secured borrowings	6
Other | Commercial and Industrial
Disclosure Of Summary Of Collateral Dependent Loans Held For Investment By Collateral Type [Line Items]
Loans and leases receivable, collateral for secured borrowings	$ 6

Loans and Leases - Summary of I

Loans and Leases - Summary of Interest Income on Non accrual loans (Details) - Non-Covered Loans - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest income that would have been recorded	$ 3	$ 5	$ 5
Interest income actually recorded	(1)	(1)	(3)
Interest income foregone	$ 2	$ 4	$ 2

Loans and Leases - Information

Loans and Leases - Information Regarding Troubled Debt Restructurings (Details) - Non-Covered Loans - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable Modifications [Line Items]
Troubled debt restructurings	$ 29	$ 34
Accruing
Financing Receivable Modifications [Line Items]
Troubled debt restructurings	16	15
Non-Accrual
Financing Receivable Modifications [Line Items]
Troubled debt restructurings	13	19
Multi-Family
Financing Receivable Modifications [Line Items]
Troubled debt restructurings	7
Multi-Family | Non-Accrual
Financing Receivable Modifications [Line Items]
Troubled debt restructurings	7
Commercial Real Estate
Financing Receivable Modifications [Line Items]
Troubled debt restructurings	16	15
Commercial Real Estate | Accruing
Financing Receivable Modifications [Line Items]
Troubled debt restructurings	16	15
Commercial and Industrial
Financing Receivable Modifications [Line Items]
Troubled debt restructurings	6	19
Commercial and Industrial | Non-Accrual
Financing Receivable Modifications [Line Items]
Troubled debt restructurings	$ 6	$ 19

Loans and Leases - Informatio_2

Loans and Leases - Information Regarding Troubled Debt Restructurings (Parenthetical) (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Taxi Medallion Loans
Financing Receivable Modifications [Line Items]
Troubled debt restructurings	$ 6	$ 18

Loans and Leases - Summary of F

Loans and Leases - Summary of Financial Effects of Troubled Debt Restructurings (Details) $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)Investment	Dec. 31, 2020USD ($)Investment	Dec. 31, 2019USD ($)Investment
Financing Receivable Modifications [Line Items]
Number of loans classified as a non-accrual TDRs | Investment	3	43	73
Pre-Modification Recorded Investment	$ 12	$ 24	$ 35
Post-Modification Recorded Investment	$ 12	23	31
Trouble debt restructuring, charge-off amount		$ 1	$ 4
Commercial Real Estate
Financing Receivable Modifications [Line Items]
Number of loans classified as a non-accrual TDRs | Investment	2	1
Pre-Modification Recorded Investment	$ 4	$ 15
Post-Modification Recorded Investment	$ 4	$ 15
Weighted Average Interest Rate, Pre-Modification	6.00%	8.00%
Weighted Average Interest Rate, Post-Modification	3.55%	3.50%
Multi-Family
Financing Receivable Modifications [Line Items]
Number of loans classified as a non-accrual TDRs | Investment	1
Pre-Modification Recorded Investment	$ 8
Post-Modification Recorded Investment	$ 8
Weighted Average Interest Rate, Pre-Modification	3.13%
Weighted Average Interest Rate, Post-Modification	3.25%
Commercial and Industrial
Financing Receivable Modifications [Line Items]
Number of loans classified as a non-accrual TDRs | Investment		42	72
Pre-Modification Recorded Investment		$ 9	$ 35
Post-Modification Recorded Investment		$ 8	$ 31
Weighted Average Interest Rate, Pre-Modification		2.36%	4.31%
Weighted Average Interest Rate, Post-Modification		2.23%	4.37%
Trouble debt restructuring, charge-off amount		$ 1	$ 4
One-to-Four Family
Financing Receivable Modifications [Line Items]
Number of loans classified as a non-accrual TDRs | Investment			1
Weighted Average Interest Rate, Pre-Modification			5.50%
Weighted Average Interest Rate, Post-Modification			5.50%

Allowance for Credit Losses o_3

Allowance for Credit Losses on Loans and Leases - Summary of Activity in Allowance for Loan and Lease Losses (Details) - USD ($) $ in Millions	Jan. 01, 2020	Dec. 31, 2021	Dec. 31, 2020
Valuation Allowance [Line Items]
Balance, beginning of period	$ 148	$ 194	$ 148
Accounting Standards Update [Extensible List]			Accounting Standards Update 2016-13
Charge-offs		(13)	$ (22)
Recoveries	2	15	3
Provision for (recovery of) credit losses on loans and leases		3
Balance, end of period		199	194
Cumulative Effect, Period of Adoption, Adjustment
Valuation Allowance [Line Items]
Balance, beginning of period	2		$ 2
Accounting Standards Update [Extensible List]			Accounting Standards Update 2016-13
Adjusted Balance
Valuation Allowance [Line Items]
Balance, beginning of period	150	194	$ 150
Balance, end of period			194
Mortgage Receivable
Valuation Allowance [Line Items]
Balance, beginning of period	123	176	123
Charge-offs		(6)	(2)
Recoveries		2	1
Balance, end of period		178	176
Mortgage Receivable | Adjusted Balance
Valuation Allowance [Line Items]
Balance, beginning of period	123	176	123
Balance, end of period			176
Other Loans
Valuation Allowance [Line Items]
Balance, beginning of period	25	18	$ 25
Accounting Standards Update [Extensible List]			Accounting Standards Update 2016-13
Charge-offs		(7)	$ (20)
Recoveries		13	2
Balance, end of period		21	18
Other Loans | Cumulative Effect, Period of Adoption, Adjustment
Valuation Allowance [Line Items]
Balance, beginning of period	2		2
Other Loans | Adjusted Balance
Valuation Allowance [Line Items]
Balance, beginning of period	$ 27	18	27
Balance, end of period			18
Non-Covered Loans
Valuation Allowance [Line Items]
Provision for (recovery of) credit losses on loans and leases			63
Non-Covered Loans | Mortgage Receivable
Valuation Allowance [Line Items]
Provision for (recovery of) credit losses on loans and leases		6	54
Non-Covered Loans | Other Loans
Valuation Allowance [Line Items]
Provision for (recovery of) credit losses on loans and leases		$ (3)	$ 9

Allowance for Credit Losses o_4

Allowance for Credit Losses on Loans and Leases - Additional Information (Details) - USD ($) $ in Millions	Jan. 01, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Valuation Allowance [Line Items]
Allowance for credit losses on loans and leases		$ 199	$ 194	$ 148
Increase in allowance for credit losses on loans and leases	$ 2	$ 15	3
COVID-19 pandemic, impacts		For the year ended December 31, 2021 the allowance for credit losses on loans and leases remained relatively flat primarily due to the combination of macroeconomic factors and increased loan activity on the balance sheet. The key contributing forecasted macroeconomic and market level factors included relatively unchanged unemployment rates, slight increase in Gross Domestic Product (“GDP”) and improving Multi Family and Commercial Real Estate Property Prices reflecting the improving economic landscape as the COVID-19 pandemic begins to subside. In addition to these quantitative inputs, several qualitative factors were considered, including the risk that the economic decline proves to be more severe and/or prolonged than our baseline forecast which also increased our allowance for loan and lease losses.
Provision for loan losses		$ 3	62	7
Unfunded Loan Commitment
Valuation Allowance [Line Items]
Allowance for credit losses		12	$ 12	$ 1
CARES Act
Valuation Allowance [Line Items]
Allowance for credit losses on loans and leases		199
Increase in allowance for credit losses on loans and leases		5
Provision for loan losses		3
Recoveries from credit losses		$ 2

Allowance for Credit Losses o_5

Allowance for Credit Losses on Loans and Leases - Summary of Additional Information about Nonaccrual Loans (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Impaired [Line Items]
Impaired loans with no related allowance, Recorded Investment	$ 29	$ 23
Impaired loans with no related allowance, Interest Income Recognized	1	1
Impaired loans with an allowance recorded, Recorded Investment	4	15
Impaired loans with an allowance recorded, Related Allowance		1
Total impaired loans, Recorded Investment	33	38
Total impaired loans, Interest Income Recognized	1	1
Multi-Family
Financing Receivable, Impaired [Line Items]
Impaired loans with no related allowance, Recorded Investment	9
Impaired loans with no related allowance, Interest Income Recognized	1
Impaired loans with an allowance recorded, Recorded Investment	1	4
Impaired loans with an allowance recorded, Related Allowance		1
Total impaired loans, Recorded Investment	10	4
Total impaired loans, Interest Income Recognized	1
Commercial Real Estate
Financing Receivable, Impaired [Line Items]
Impaired loans with no related allowance, Recorded Investment	14	2
Impaired loans with an allowance recorded, Recorded Investment	2	10
Total impaired loans, Recorded Investment	16	12
One-to-Four Family
Financing Receivable, Impaired [Line Items]
Impaired loans with no related allowance, Recorded Investment		1
Impaired loans with an allowance recorded, Recorded Investment	1	1
Total impaired loans, Recorded Investment	1	2
Acquisition, Development, and Construction
Financing Receivable, Impaired [Line Items]
Total impaired loans, Recorded Investment
Other Loans
Financing Receivable, Impaired [Line Items]
Impaired loans with no related allowance, Recorded Investment	6	20
Total impaired loans, Recorded Investment	6	$ 20
Total impaired loans, Interest Income Recognized

Leases - Additional Information

Leases - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Residual value of leased asset	$ 61	$ 71
Carrying value of investment lease	1,900	1,900
Amortization of ROU assets	$ 18	$ 20
Operating Lease, extension terms	the vast majority of which include one or more options to extend the leases for up to five years resulting in lease terms up to 40 years.
Minimum
Lessor, operating lease, term of contract	24 months
Operating lease, remaining lease term	1 year
Maximum
Lessor, operating lease, term of contract	120 months
Operating lease, remaining lease term	25 years

Leases - Components of Lease In

Leases - Components of Lease Income (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Interest income on lease financing	[1]	$ 53	$ 52
[1]	Included in Interest Income – Loans and leases in the Consolidated Statements of Income and Comprehensive Income.

Leases - Components of Net Inve

Leases - Components of Net Investment in Direct Financing Leases (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Net investment in the lease - lease payments receivable	$ 1,790	$ 1,771
Net investment in the lease - unguaranteed residual assets	75	80
Total lease payments	$ 1,865	$ 1,851

Leases - Summary of Remaining M

Leases - Summary of Remaining Maturity of Undiscounted Lease Receivables (Details) $ in Millions	Dec. 31, 2021USD ($)
Leases [Abstract]
2022	$ 22
2023	225
2024	275
2025	370
2026	399
Thereafter	574
Total lease payments	1,865
Plus: deferred origination costs	25
Less: unearned income	(95)
Total lease finance receivables, net	$ 1,795

Leases - Summary of Components

Leases - Summary of Components of Lease Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Operating lease cost	$ 27	$ 23
Total lease cost	$ 27	$ 23

Leases - Summary of Supplementa

Leases - Summary of Supplemental Cash Flow Information Related to Leases (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Operating cash flows from operating leases	$ 27	$ 23

Leases - Summary of Supplemen_2

Leases - Summary of Supplemental Balance Sheet Information Related to Leases (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Operating lease right-of-use assets	$ 249	$ 267
Operating lease liabilities	$ 249	$ 267
Weighted average remaining lease term	16 years	16 years
Weighted average discount rate%	3.05%	3.12%

Leases - Summary of Maturities

Leases - Summary of Maturities of Lease Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
2021	$ 26
2022	26
2023	25
2024	24
2025	23
Thereafter	197
Total lease payments	321
Less: imputed interest	(72)
Total present value of lease liabilities	$ 249	$ 267

Deposits - Weighted Average Int

Deposits - Weighted Average Interest Rates for Each Type of Deposit (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Deposits:
Interest-bearing checking and money market accounts	$ 13,209	$ 12,610
Savings accounts	8,892	6,416
Certificates of deposit	8,424	10,331
Non-interest-bearing accounts	4,534	3,080
Total deposits	$ 35,059	$ 32,437
Percent of Total
Interest-bearing checking and money market accounts	37.68%	38.87%
Savings accounts	25.36%	19.78%
Certificates of deposit	24.03%	31.85%
Non-interest-bearing accounts	12.93%	9.50%
Total deposits	100.00%	100.00%
Weighted Average Interest Rate
Interest-bearing checking and money market accounts, weighted average interest rate	0.20%	0.28%
Savings accounts, weighted average interest rate	0.35%	0.41%
Certificates of deposit, weighted average interest rate	0.52%	0.83%
Total deposits, weighted average interest rate	0.29%	0.45%

Deposits - Additional Informati

Deposits - Additional Information (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Schedule of Investments [Line Items]
Aggregate amounts of deposits reclassified as loan balances	$ 1.9	$ 2.3
Brokered deposits	$ 5,700	$ 5,300
Brokered deposits, weighted average interest rates	0.07%	0.08%
Money Market
Schedule of Investments [Line Items]
Brokered deposits	$ 3,000	$ 3,000
Interest Bearing Checking Accounts
Schedule of Investments [Line Items]
Brokered deposits	1,500	1,300
Certificates of Deposits
Schedule of Investments [Line Items]
Brokered deposits	$ 1,200	$ 1,000

Deposits - Scheduled Maturities

Deposits - Scheduled Maturities of Certificates of Deposit Intangibles (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Time deposits by maturity
1 year or less	$ 7,454
More than 1 year through 2 years	410
More than 2 years through 3 years	495
More than 3 years through 4 years	26
More than 4 years through 5 years	39
Total CDs	$ 8,424	$ 10,331

Borrowed Funds - Summary of Bor

Borrowed Funds - Summary of Borrowed Funds (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Debt Disclosure [Abstract]
FHLB advances	$ 15,105	$ 14,628
Repurchase agreements	800	800
Total wholesale borrowings	15,905	15,428
Junior subordinated debentures	361	360
Subordinated notes	296	296
Total borrowed funds	$ 16,562	$ 16,084

Borrowed Funds - Additional Inf

Borrowed Funds - Additional Information (Details)	Nov. 04, 2002USD ($)Age$ / sharesshares	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Debt Instrument [Line Items]
Accrued interest		$ 18,000,000	$ 19,000,000
Interest expense		286,000,000	302,000,000	$ 318,000,000
Federal funds purchased outstanding amount		0	0
Federal funds purchased, average balance		$ 81,000,000	$ 180,000,000
Federal fund purchased Weighted average interest rate		0.09%	0.49%
Federal fund purchased, interest expenses		$ 0	$ 1,000,000	0
Junior subordinated debentures		361,000,000	360,000,000
Gross proceeds of BONUSES, debt		2,072,000,000	6,925,000,000	4,786,000,000
Subordinated notes outstanding		296,000,000	296,000,000
Interest expense on subordinated notes		18,000,000	18,000,000	18,000,000
Repurchase Agreements
Debt Instrument [Line Items]
Accrued interest		2,000,000	2,000,000
Interest expense		18,000,000	18,000,000	18,000,000
Short-term debt outstanding amount		0	0
Federal Home Loan Bank Advances
Debt Instrument [Line Items]
Interest expense		233,000,000	246,000,000	259,000,000
BONUSESSM units | New York Community Capital Trust V (BONUSESSM Units)
Debt Instrument [Line Items]
Public offering of Bifurcated Option Note Unit Securities ("BONUSES units") | shares	5,500,000
Public offering of units, offering price per share | $ / shares	$ 50
Warrants and capital securities non-callable period	5 years
Gross proceeds of BONUSES, debt	$ 275,000,000
Difference between the assigned value and the stated liquidation amount of the capital securities is treated as an original issue discount	$ 92,400,000
Original issue discount amortized amount		65,000,000
BONUSESSM units | New York Community Capital Trust V (BONUSESSM Units) | Capital Units
Debt Instrument [Line Items]
Warrant to purchase, number of shares | Age	2.4953
Warrant to purchase, total number of shares | shares	13,700,000
Warrant to purchase, exercise price per share | $ / shares	$ 20.04
Capital security, term (in years)	49 years
Capital security, coupon or distribution rate	6.00%
Capital security, per share liquidation amount | $ / shares	$ 50
Gross proceeds of BONUSES	$ 182,600,000
BONUSESSM units | New York Community Capital Trust V (BONUSESSM Units) | Warrant
Debt Instrument [Line Items]
Gross proceeds of BONUSES	$ 92,400,000
Junior Subordinated Debt
Debt Instrument [Line Items]
Interest expense		18,000,000	19,000,000	$ 22,000,000
FHLB - NY
Debt Instrument [Line Items]
Unused line of credit		8,400,000,000	7,300,000,000
Overnight FHLB advances		0	0
Line of credit, average balance		$ 6,000,000	$ 2,000,000
Line of credit, weighted average interest rate		0.36%	1.20%

Borrowed Funds - Analysis of Co

Borrowed Funds - Analysis of Contractual Maturities of Outstanding Federal Home Loan Bank Advances (Details) - USD ($) $ in Millions		Dec. 31, 2021	Dec. 31, 2020
Year of Maturity
Total FHLB advances		$ 15,105	$ 14,628
Contractual Maturity
Year of Maturity
2022		3,750
2023		2,525
2024		1,350
2028		4,350
2029		3,130
Total FHLB advances		$ 15,105
Weighted Average Interest Rate
2022		0.50%
2023		0.85%
2024		0.85%
2028		2.40%
2029		1.55%
Total FHLB advances		1.36%
Earlier of Contractual Maturity or Next Call Date
Year of Maturity
2022		$ 11,030
2023		2,725
2024		1,350
Total FHLB advances		$ 15,105
Weighted Average Interest Rate
2022	[1]	1.53%
2023	[1]	0.91%
2024	[1]	0.85%
Total FHLB advances	[1]	1.36%
[1]	Does not included the effect interest rate swap agreements.

Borrowed Funds - Analysis of _2

Borrowed Funds - Analysis of Contractual Maturities of Outstanding Repurchase Agreements Accounted for as Secured Borrowings (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Amount
Repurchase agreements	$ 800	$ 800
Contractual Maturity
Amount
2028	300
2029	500
Repurchase agreements	$ 800
Weighted Average Interest Rate
2028	2.37%
2029	2.16%
Contractual Maturity Over 90 days, Weighted Average Interest Rate	2.24%
Earlier of Contractual Maturity or Next Call Date
Amount
2022	$ 800
Repurchase agreements	$ 800
Weighted Average Interest Rate
2021	2.24%
Contractual Maturity Over 90 days, Weighted Average Interest Rate	2.24%

Borrowed Funds - Details of Rep

Borrowed Funds - Details of Repurchase Agreements (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Contractual Maturity Over 90 days, amount	$ 800	$ 800
Maturity Greater than 90 Days [Member]
Debt Instrument [Line Items]
Contractual Maturity Over 90 days, amount	$ 800
Contractual Maturity Over 90 days, Weighted Average Interest Rate	2.24%
Mortgage-Related Securities | Maturity Greater than 90 Days [Member]
Debt Instrument [Line Items]
Contractual Maturity Over 90 days, Amortized Cost	$ 345
Contractual Maturity Over 90 days, Fair Value	343
U.S. Treasury and GSE Obligations | Maturity Greater than 90 Days [Member]
Debt Instrument [Line Items]
Contractual Maturity Over 90 days, Amortized Cost	549
Contractual Maturity Over 90 days, Fair Value	$ 570

Borrowed Funds - Junior Subordi

Borrowed Funds - Junior Subordinated Debentures Outstanding (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020
Subordinated Borrowing [Line Items]
Junior Subordinated Debentures Amount Outstanding		$ 361	$ 360
Capital Securities Amount Outstanding		$ 348
New York Community Capital Trust V (BONUSESSM Units)
Subordinated Borrowing [Line Items]
Interest Rate of Capital Securities and Debentures	[1]	6.00%
Junior Subordinated Debentures Amount Outstanding	[1]	$ 147
Capital Securities Amount Outstanding	[1]	$ 140
Date of Original Issue	[1]	Nov. 4, 2002
Stated Maturity	[1]	Nov. 1, 2051
First Optional Redemption Date	[1]	Nov. 4, 2007
New York Community Capital Trust X
Subordinated Borrowing [Line Items]
Interest Rate of Capital Securities and Debentures	[2]	1.80%
Junior Subordinated Debentures Amount Outstanding	[2]	$ 124
Capital Securities Amount Outstanding	[2]	$ 120
Date of Original Issue	[2]	Dec. 14, 2006
Stated Maturity	[2]	Dec. 15, 2036
First Optional Redemption Date	[2]	Dec. 15, 2011
PennFed Capital Trust III
Subordinated Borrowing [Line Items]
Interest Rate of Capital Securities and Debentures	[2]	3.45%
Junior Subordinated Debentures Amount Outstanding	[2]	$ 31
Capital Securities Amount Outstanding	[2]	$ 30
Date of Original Issue	[2]	Jun. 2, 2003
Stated Maturity	[2]	Jun. 15, 2033
First Optional Redemption Date	[2]	Jun. 15, 2008
New York Community Capital Trust XI
Subordinated Borrowing [Line Items]
Interest Rate of Capital Securities and Debentures	[2]	1.87%
Junior Subordinated Debentures Amount Outstanding	[2]	$ 59
Capital Securities Amount Outstanding	[2]	$ 58
Date of Original Issue	[2]	Apr. 16, 2007
Stated Maturity	[2]	Jun. 30, 2037
First Optional Redemption Date	[2]	Jun. 30, 2012
[1]	Callable subject to certain conditions as described in the prospectus filed with the SEC on November 4, 2002.
[2]	Callable from this date forward.

Borrowed Funds - Summary of Fix

Borrowed Funds - Summary of Fixed-To-Floating Rate Subordinated Notes Outstanding (Details) - Subordinated Debt $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)
Debt Outstanding [Line Items]
Stated Maturity	Nov. 6, 2028
Interest Rate of Capital Securities and Debentures	5.90%	[1]
Principal amount of Subordinated Notes	$ 300
[1]	From and including the date of original issuance to, but excluding November 6, 2023, the Notes will bear interest at an initial rate of 5.90 % per annum payable semi-annually. Unless redeemed, from and including November 6, 2023 to but excluding the maturity date, the interest rate will reset quarterly to an annual interest rate equal to the then-current three-month LIBOR rate plus 278 basis point payable quarterly.

Borrowed Funds - Summary of F_2

Borrowed Funds - Summary of Fixed-To-Floating Rate Subordinated Notes Outstanding (Parenthetical) (Details) - Subordinated Debt	12 Months Ended
	Dec. 31, 2021
Interest Rate of Capital Securities and Debentures	5.90%	[1]
Description of variable rate basis	LIBOR rate plus 278 basis point
Debt instrument spread on variable rate	278.00%
[1]	From and including the date of original issuance to, but excluding November 6, 2023, the Notes will bear interest at an initial rate of 5.90 % per annum payable semi-annually. Unless redeemed, from and including November 6, 2023 to but excluding the maturity date, the interest rate will reset quarterly to an annual interest rate equal to the then-current three-month LIBOR rate plus 278 basis point payable quarterly.

Federal, State and Local Taxe_2

Federal, State and Local Taxes - Components of Net Deferred Tax Asset (Liability) (Detail) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Deferred Tax Assets:
Allowance for credit losses on loans and leases	$ 55	$ 53
Acquisition accounting and fair value adjustments on securities (including OTTI)	21
Compensation and related benefit obligations	17	21
Net operating loss carryforwards	1	6
Other	15	18
Gross deferred tax assets	109	98
Deferred tax asset after valuation allowance	109	98
Deferred Tax Liabilities:
Amortizable intangibles	(3)	(3)
Acquisition accounting and fair value adjustments on securities (including OTTI)		(13)
Premises and equipment	(5)	(6)
Prepaid pension cost	(35)	(25)
Fair value adjustments on loans	(81)	(92)
Leases	(360)	(370)
Other	(9)	(9)
Gross deferred tax liabilities	(493)	(518)
Net deferred tax liability	$ (384)	$ (420)

Federal, State and Local Taxe_3

Federal, State and Local Taxes - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Taxes [Line Items]
Income tax expense	$ 210,000,000	$ 77,000,000	$ 128,000,000
CARES Act allowance of net operating losses		5 years
Outstanding amount of the investment	76,000,000	$ 85,000,000
Other commitments of additional anticipated equity contributions relating to current investments	34,000,000	54,000,000
Affordable housing tax credits and other tax benefits recognized	9,000,000	8,000,000	6,000,000
Affordable housing tax credits and other tax benefits, related amortization recognized	9,000,000	6,000,000	5,000,000
Impairment losses on other assets	0	0	0
Unrecognized gross tax benefits	39,000,000	38,000,000	36,000,000	$ 33,000,000
Total amount of net unrecognized tax benefits that would affect the effective tax rate, if recognized	30,000,000
Income tax benefit attributed to interest and penalties	4,000,000	3,000,000	$ 3,000,000
Accrued interest and penalties on tax liabilities	22,000,000	18,000,000
Net deferred tax liabilities	384,000,000	420,000,000
Special Federal Tax Provision
Income Taxes [Line Items]
Tax bad debt base-year reserves	62,000,000
Net deferred tax liabilities	13,000,000
Maximum
Income Taxes [Line Items]
Estimated change in balance of unrecognized tax benefit, within next twelve months	21,000,000
CARES Act
Income Taxes [Line Items]
Income tax expense		$ 68,400,000
Domestic Tax Authority
Income Taxes [Line Items]
Net operating loss carryforward	$ 21,000,000
Operating loss carryforward period	20 years

Federal, State and Local Taxe_4

Federal, State and Local Taxes - Income Tax Expense (Benefit) (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Federal – current	$ 188	$ (148)	$ 4
State and local – current	35	5	23
Total current	223	(143)	27
Federal – deferred	(28)	190	101
State and local – deferred	15	29
Total deferred	(13)	219	101
Income tax expense reported in net income	210	77	128
Securities available-for-sale	(42)	16	16
Pension liability adjustments	10		5
Cash flow hedge	9	(13)
Adoption of ASU 2016-13		$ (4)
Accounting Standards Update [Extensible List]		Accounting Standards Update 2016-13
Total income taxes	$ 187	$ 76	$ 149

Federal, State and Local Taxe_5

Federal, State and Local Taxes - Reconciliation of Statutory Federal Income Tax Expense (Benefit) Reported in Net Income to Combined Actual Income Tax Expense (Benefit) (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Statutory federal income tax at 21%, 21% and 21%, respectively	$ 169	$ 123	$ 110
State and local income taxes, net of federal income tax effect	40	27	18
Effect of tax law changes		(73)
Non-deductible FDIC deposit insurance premiums	9	8	7
Effect of tax deductibility of ESOP	(3)	(3)	(3)
Non-taxable income and expense of BOLI	(6)	(7)	(6)
Non-deductible merger expense	3
Federal tax credits		(1)	(1)
Adjustments relating to prior tax years	(1)	1
Other, net	(1)	2	3
Income tax expense reported in net income	$ 210	$ 77	$ 128

Federal, State and Local Taxe_6

Federal, State and Local Taxes - Reconciliation of Statutory Federal Income Tax Expense (Benefit) Reported in Net Income to Combined Actual Income Tax Expense (Benefit) (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Statutory federal income tax rate	21.00%	21.00%	21.00%

Federal, State and Local Taxe_7

Federal, State and Local Taxes - Changes in Liability for Unrecognized Gross Tax Benefits (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Uncertain tax positions at beginning of year	$ 38	$ 36	$ 33
Additions for tax positions relating to current-year operations	2	1	1
Additions for tax positions relating to prior tax years	1	1	2
Subtractions for tax positions relating to prior tax years	(2)
Uncertain tax positions at end of year	$ 39	$ 38	$ 36

Derivative and Hedging Activi_3

Derivative and Hedging Activities - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Derivative [Line Items]
Interest income	$ 1,289	$ 1,100	$ 957
Gain (losses) on interest rate derivatives designated as cash flow hedge	25
Interest rate cash flow hedge gain (loss) to be reclassified during next 12 months, net	25
Interest Rate Swap | Cash Flow Hedging
Derivative [Line Items]
Derivative, notional amount	2,250	2,250
Designated as Hedging Instrument
Derivative [Line Items]
Derivative, notional amount	2,000
Interest income	49	$ 35
Designated as Hedging Instrument | Interest Rate Swap
Derivative [Line Items]
Derivative, notional amount	2,000
LCH | Designated as Hedging Instrument | Interest Rate Swap
Derivative [Line Items]
Derivative, notional amount	$ 4,300

Derivative and Hedging Activi_4

Derivative and Hedging Activities - Schedule of Cumulative Basis Adjustment for Fair Value Hedges (Details) - Loans and Leases - USD ($) $ in Millions		Dec. 31, 2021	Dec. 31, 2020
Derivative [Line Items]
Cumulative Amount of Fair Value Hedging Adjustments Included in the Carrying Amount of the Hedged Assets		$ 25
Fair Value Hedging
Derivative [Line Items]
Carrying Amount of the Hedged Assets	[1]	2,025	$ 2,073
Cumulative Amount of Fair Value Hedging Adjustments Included in the Carrying Amount of the Hedged Assets	[1]	$ 25	$ 73
[1]	These amounts include the amortized cost basis of closed portfolios used to designate hedging relationships in which the hedged item is the last layer expected to be remaining at the end of the hedging relationship. At December 31, 2021 , the amortized cost basis of the closed portfolios used in these hedging relationships was $ 2.9 billion; the cumulative basis adjustments associated with these hedging relationships was $ 25 million; and the amount of the designated hedged items was $ 2.0 billion.

Derivative and Hedging Activi_5

Derivative and Hedging Activities - Schedule of Cumulative Basis Adjustment for Fair Value Hedges (Parenthetical) (Details) $ in Millions	Dec. 31, 2021USD ($)
Designated as Hedging Instrument
Derivative [Line Items]
Derivative, notional amount	$ 2,000
Loans and Leases
Derivative [Line Items]
Amortized cost basis	2,900
Cumulative basis adjustment associated with hedging relationships	$ 25

Derivative and Hedging Activi_6

Derivative and Hedging Activities - Information Regarding Derivative Financial Instruments (Details) - Designated as Hedging Instrument $ in Millions	Dec. 31, 2021USD ($)
Derivative [Line Items]
Amount of designated hedged items	$ 2,000
Fair Value Hedging
Derivative [Line Items]
Amount of designated hedged items	2,000
Interest Rate Swap
Derivative [Line Items]
Amount of designated hedged items	2,000
Interest Rate Swap | Fair Value Hedging
Derivative [Line Items]
Amount of designated hedged items	$ 2,000

Derivative and Hedging Activi_7

Derivative and Hedging Activities - Effect of Derivative Instruments on Consolidated Statements of Income and Comprehensive Income (Details) - Interest Income - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Interest Rate Swap
Derivative [Line Items]
Interest income	$ 48	$ (20)
Hedged Item - Loans
Derivative [Line Items]
Interest income	$ (48)	$ 20

Derivative and Hedging Activi_8

Derivative and Hedging Activities - Information about Interest Rate Swaps Designated as Cash Flow Hedges (Details) - Interest Rate Swap - Cash Flow Hedging - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Derivative [Line Items]
Notional amounts	$ 2,250	$ 2,250
Cash collateral posted	$ 12	$ 46
Weighted average pay rates	1.27%	1.27%
Weighted average receive rates	0.18%	0.23%
Weighted average maturity	10 months 24 days	1 year 10 months 24 days

Derivative and Hedging Activi_9

Derivative and Hedging Activities - Effect of Cash Flow Derivative Instruments on AOCL (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Amount of (loss) gain recognized in AOCL	$ 8	$ (58)
Amount of reclassified from AOCL to interest expense	$ 25	$ 12

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Loss Contingencies [Line Items]
Securities held to maturity, mortgaged related securities, pledged	$ 704,000,000	$ 898,000,000
Securities available for sale, other securities, pledged	464,000,000	380,000,000
Loans pledged to FHLB, collateral for wholesale borrowings	33,900,000,000	33,500,000,000
Commitments	3,112,000,000
Commitments to purchase securities	0
Total loan commitments
Loss Contingencies [Line Items]
Commitments	2,821,000,000	2,500,000,000
Commercial, performance stand-by, and financial stand-by letters of credit
Loss Contingencies [Line Items]
Commitments	$ 291,000,000	$ 376,000,000

Commitments and Contingencies_2

Commitments and Contingencies - Off-Balance-Sheet Originate Loans and Letters of Credit (Detail) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Loss Contingencies [Line Items]
Commitments	$ 3,112
Total loan commitments
Loss Contingencies [Line Items]
Commitments	2,821	$ 2,500
Commercial, performance stand-by, and financial stand-by letters of credit
Loss Contingencies [Line Items]
Commitments	291	$ 376
Multi-family and commercial real estate
Loss Contingencies [Line Items]
Commitments	520
Multi-family and commercial real estate | Multifamily And Commercial Real Estate Loans
Loss Contingencies [Line Items]
Commitments	352
Multi-family and commercial real estate | Acquisition, Development, and Construction
Loss Contingencies [Line Items]
Commitments	168
Other loan commitments
Loss Contingencies [Line Items]
Commitments	$ 2,301

Commitments and Contingencies_3

Commitments and Contingencies - Guarantees and Indemnifications (Detail) $ in Millions	Dec. 31, 2021USD ($)
Loss Contingencies [Line Items]
Expires Within One Year	$ 87
Expires After One Year	61
Total Outstanding Amount	148
Maximum Potential Amount of Future Payments	291
Financial stand-by letters of credit
Loss Contingencies [Line Items]
Expires Within One Year	77
Expires After One Year	60
Total Outstanding Amount	137
Maximum Potential Amount of Future Payments	271
Performance stand-by letters of credit
Loss Contingencies [Line Items]
Expires Within One Year	3
Total Outstanding Amount	3
Maximum Potential Amount of Future Payments	3
Commercial Letters of Credit
Loss Contingencies [Line Items]
Expires Within One Year	7
Expires After One Year	1
Total Outstanding Amount	8
Maximum Potential Amount of Future Payments	$ 17

Intangible Assets - Additional

Intangible Assets - Additional Information (Details)	12 Months Ended
	Dec. 31, 2021USD ($)
Goodwill [Line Items]
Change in goodwill	$ 0

Employee Benefits - Retirement

Employee Benefits - Retirement Plan, Based on Measurement Date (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Change in Plan Assets:
Fair value of assets at end of year	$ 283
Pension Benefits
Change in Benefit Obligation:
Benefit obligation at beginning of year	172	$ 160
Interest cost	4	5	$ 6
Actuarial loss (gain)	(9)	15
Annuity payments	(6)	(7)
Settlements	(3)	(1)
Benefit obligation at end of year	158	172	160
Change in Plan Assets:
Fair value of assets at beginning of year	261	243
Actual return (loss) on plan assets	31	26
Annuity payments	(6)	(7)
Settlements	(3)	(1)
Fair value of assets at end of year	283	261	$ 243
Funded status (included in “Other assets”)	125	89
Changes recognized in other comprehensive income for the year ended December 31:
Amortization of actuarial loss	(7)	(7)
Net actuarial (gain) loss arising during the year	(23)	4
Total recognized in other comprehensive income for the year (pre-tax)	(30)	(3)
Accumulated other comprehensive loss (pre-tax) not yet recognized in net periodic benefit cost at December 31:
Actuarial loss, net	43	73
Total accumulated other comprehensive loss (pre-tax)	$ 43	$ 73

Employee Benefits - Additional

Employee Benefits - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Defined Benefit Plan Disclosure [Line Items]
Percentage of company stock held equal to plan assets	13.00%
Period of obligations for retired lives in trust	30 years
Long term inflation rate	2.50%
Expense recognized under 401(K) plan	$ 6,000,000	$ 6,000,000
Contribution to Health & Welfare Plan to pay premiums and claims in the next fiscal year	$ 1,000,000
Minimum
Defined Benefit Plan Disclosure [Line Items]
Expected rate of return on equity security	6.00%
Expected rate of return on fixed income security	3.00%
Overall expected rate of return	5.00%
Maximum
Defined Benefit Plan Disclosure [Line Items]
Expected rate of return on equity security	8.00%
Expected rate of return on fixed income security	5.00%
Overall expected rate of return	7.00%
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Estimated unrecognized net actuarial loss (gain) that will be amortized from accumulated other comprehensive loss into net periodic benefit cost	$ (2,000,000)
Amount recognized of net actuarial loss into net periodic benefit cost	7,000,000	$ 7,000,000	$ 10,000,000
Estimated prior service cost that will be amortized from accumulated other comprehensive loss (gain) into net periodic benefit cost	0
Amortization of past-service liability	$ 0
Discount rates used to determine the benefit obligation	2.60%	2.20%
Percentage of assets allocated to equities to be considered well funded	55.00%
Percentage of assets allocated to fixed income to be considered well funded	44.00%
Defined benefit plan cash equivalent portfolio percentage	1.00%
Post-Retirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Amount recognized of net actuarial loss into net periodic benefit cost	$ 0	$ 0	0
Estimated prior service cost that will be amortized from accumulated other comprehensive loss (gain) into net periodic benefit cost	0
Amortization of past-service liability	$ 0	$ 0	$ 0
Discount rates used to determine the benefit obligation	2.30%	2.00%

Employee Benefits - Pension and

Employee Benefits - Pension and Other Post-Retirement Benefits (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Pension Benefits
Components of net periodic pension expense (credit):
Interest cost	$ 4,000,000	$ 5,000,000	$ 6,000,000
Amortization of past-service liability	0
Expected return on plan assets	(16,000,000)	(15,000,000)	(14,000,000)
Amortization of net actuarial loss	7,000,000	7,000,000	10,000,000
Net periodic pension (credit) expense	(5,000,000)	(3,000,000)	2,000,000
Post-Retirement Benefits
Components of net periodic pension expense (credit):
Service cost	0	0	0
Interest cost	0	0	0
Amortization of past-service liability	0	0	0
Amortization of net actuarial loss	0	0	0
Net periodic pension (credit) expense	$ 0	$ 0	$ 0

Employee Benefits - Weighted Av

Employee Benefits - Weighted Average Assumptions Used in Determining Net Periodic Benefit Cost for Pension (Detail) - Pension Benefits	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Defined Benefit Plan Disclosure [Line Items]
Discount rate	2.20%	3.00%	4.10%
Expected rate of return on plan assets	6.30%	6.50%	6.80%

Employee Benefits - Fair Value

Employee Benefits - Fair Value Measurements of Investments Held by Retirement Plan (Detail) $ in Millions	Dec. 31, 2021USD ($)
Defined Benefit Plan Disclosure [Line Items]
Fair value of assets	$ 283
Common Stock | Equity Securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of assets	36
Money Market | Cash Equivalents
Defined Benefit Plan Disclosure [Line Items]
Fair value of assets	5	[1]
Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of assets	37
Quoted Prices in Active Markets for Identical Assets (Level 1) | Common Stock | Equity Securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of assets	36
Quoted Prices in Active Markets for Identical Assets (Level 1) | Money Market | Cash Equivalents
Defined Benefit Plan Disclosure [Line Items]
Fair value of assets	1	[1]
Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of assets	246
Significant Other Observable Inputs (Level 2) | Money Market | Cash Equivalents
Defined Benefit Plan Disclosure [Line Items]
Fair value of assets	4	[1]
Large-Cap Value | Equity Funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of assets	24	[2]
Large-Cap Value | Significant Other Observable Inputs (Level 2) | Equity Funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of assets	24	[2]
Large-Cap Growth | Equity Funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of assets	27	[3]
Large-Cap Growth | Significant Other Observable Inputs (Level 2) | Equity Funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of assets	27	[3]
Large-Cap Core | Equity Funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of assets	17	[4]
Large-Cap Core | Significant Other Observable Inputs (Level 2) | Equity Funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of assets	17	[4]
United States Mid Cap Value | Equity Funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of assets	7	[5]
United States Mid Cap Value | Significant Other Observable Inputs (Level 2) | Equity Funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of assets	7	[5]
Mid Cap Growth | Equity Funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of assets	6	[6]
Mid Cap Growth | Significant Other Observable Inputs (Level 2) | Equity Funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of assets	6	[6]
Mid Cap Core | Equity Funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of assets	6	[7]
Mid Cap Core | Significant Other Observable Inputs (Level 2) | Equity Funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of assets	6	[7]
US Small-Cap Value | Equity Funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of assets	3	[8]
US Small-Cap Value | Significant Other Observable Inputs (Level 2) | Equity Funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of assets	3	[8]
Small Cap Value Growth | Equity Funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of assets	7	[9]
Small Cap Value Growth | Significant Other Observable Inputs (Level 2) | Equity Funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of assets	7	[9]
Small-Cap Core | Equity Funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of assets	5	[10]
Small-Cap Core | Significant Other Observable Inputs (Level 2) | Equity Funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of assets	5	[10]
International Equity | Equity Funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of assets	37	[11]
International Equity | Significant Other Observable Inputs (Level 2) | Equity Funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of assets	37	[11]
U.S. Core | Fixed Income Funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of assets	77	[12]
U.S. Core | Significant Other Observable Inputs (Level 2) | Fixed Income Funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of assets	77	[12]
Intermediate Duration | Fixed Income Funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of assets	26	[13]
Intermediate Duration | Significant Other Observable Inputs (Level 2) | Fixed Income Funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of assets	$ 26	[13]
[1]	Includes cash equivalent investments in equity and fixed income strategies.
[2]	This category contains large-cap stocks with above-average yield. The portfolio typically holds between 60 and 70 stocks.
[3]	This category seeks long-term capital appreciation by investing primarily in large growth companies based in the U.S.
[4]	This fund tracks the performance of the S&P 500 Index by purchasing the securities represented in the Index in approximately the same weightings as the Index.
[5]	This category employs an indexing investment approach designed to track the performance of the CRSP US Mid-Cap Value Index.
[6]	This category employs an indexing investment approach designed to track the performance of the CRSP US Mid-Cap Growth Index.
[7]	This category seeks to track the performance of the S&P Midcap 400 Index.
[8]	This category consists of a selection of investments based on the Russell 2000 Value Index.
[9]	This category consists of a mutual fund invested in small cap growth companies along with a fund invested in a selection of investments based on the Russell 2000 Growth Index.
[10]	This category consists of a mutual fund investing in readily marketable securities of U.S. companies with market capitalizations within the smallest 10 % of the market universe, or smaller than the 1000th largest US company.
[11]	This category invests primarily in medium to large non-US companies in developed and emerging markets. Under normal circumstances, at least 80 % of total assets will be invested in equity securities, including common stocks, preferred stocks, and convertible securities.
[12]	This category currently includes equal investments in three mutual funds, two of which usually hold at least 80 % of fund assets in investment grade fixed income securities, seeking to outperform the Barclays US Aggregate Bond Index while maintaining a similar duration to that index. The third fund targets investments of 50 % or more in mortgage-backed securities guaranteed by the US government and its agencies.
[13]	This category consists of a mutual fund which invest in a diversified portfolio of high-quality bonds and other fixed income securities, including U.S. Government obligations, mortgage-related and asset backed securities, corporate and municipal bonds, CMOs, and other securities mostly rated A or better.

Employee Benefits - Fair Valu_2

Employee Benefits - Fair Value Measurements of Investments Held by Retirement Plan (Parenthetical) (Detail)	Dec. 31, 2021StockFund
Large-Cap Value | Minimum | Common/Collective Trusts - Equity
Defined Benefit Plan Disclosure [Line Items]
Number of stocks held	60
Large-Cap Value | Maximum | Common/Collective Trusts - Equity
Defined Benefit Plan Disclosure [Line Items]
Number of stocks held	70
Small-Cap Core | Equity Funds
Defined Benefit Plan Disclosure [Line Items]
Mutual fund investment in marketable securities with percentage of market capitalization	10.00%
International Equity | Minimum | Equity Funds
Defined Benefit Plan Disclosure [Line Items]
Percentage of investments	80.00%
U.S. Core | Fixed Income Funds
Defined Benefit Plan Disclosure [Line Items]
Number of mutual funds | Fund	3
U.S. Core | Fixed Income Funds | Mortgage-backed Securities
Defined Benefit Plan Disclosure [Line Items]
Percentage of investments	50.00%
U.S. Core | Minimum | Fixed Income Funds | Fixed Income Securities
Defined Benefit Plan Disclosure [Line Items]
Percentage of investments	80.00%

Employee Benefits - Weighted _2

Employee Benefits - Weighted Average Asset Allocations for Retirement Plan (Detail)	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Weighted average asset allocation	100.00%	100.00%
Equity Securities
Defined Benefit Plan Disclosure [Line Items]
Weighted average asset allocation	62.00%	60.00%
Debt Securities
Defined Benefit Plan Disclosure [Line Items]
Weighted average asset allocation	36.00%	38.00%
Cash Equivalents
Defined Benefit Plan Disclosure [Line Items]
Weighted average asset allocation	2.00%	2.00%

Employee Benefits - Expected Fu

Employee Benefits - Expected Future Annuity Payments by Retirement Plan (Detail) - Pension Benefits $ in Millions	Dec. 31, 2021USD ($)
Defined Benefit Plan Disclosure [Line Items]
2022	$ 8
2023	8
2024	8
2025	9
2026	8
2027 and thereafter	44
Total	$ 85

Employee Benefits - Certain Inf

Employee Benefits - Certain Information Regarding Health and Welfare Plan (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Change in Plan Assets:
Fair value of assets at end of year	$ 283,000
Post-Retirement Benefits
Change in benefit obligation:
Benefit obligation at beginning of year	12,000	$ 12,000
Interest cost	0	0	$ 0
Actuarial gain	(2,000)
Benefit obligation at end of year	10	12,000	$ 12,000
Change in Plan Assets:
Employer contribution		1,000
Premiums and claims paid		(1,000)
Funded status (included in “Other liabilities”)	(10,000)	(12,000)
Changes recognized in other comprehensive income for the year ended December 31:
Net actuarial (gain) loss arising during the year	2,000
Total recognized in other comprehensive income for the year (pre-tax)	$ 2,000
Accumulated other comprehensive loss (pre-tax) not yet recognized in net periodic benefit cost at December 31:
Actuarial loss, net		1,000
Total accumulated other comprehensive loss (pre-tax)		$ 1,000

Employee Benefits - Weighted _3

Employee Benefits - Weighted Average Assumptions used in Determining Net Periodic Benefit Cost of Health and Welfare Plan (Detail) - Post-Retirement Benefits	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Defined Benefit Plan Disclosure [Line Items]
Discount rate	2.00%	2.90%	3.90%
Current medical trend rate	6.50%	6.50%	6.50%
Ultimate trend rate	5.00%	5.00%	5.00%
Year when ultimate trend rate will be reached	2027	2026	2025

Employee Benefits - Expected _2

Employee Benefits - Expected Future Payments for Premiums and Claims Under Health and Welfare Plan (Detail) - Post-Retirement Benefits $ in Millions	Dec. 31, 2021USD ($)
Defined Benefit Plan Disclosure [Line Items]
2022	$ 1
2023	1
2024	1
2025	1
2026	1
2027 and thereafter	2
Total	$ 7

Stock-Related Benefit Plans - A

Stock-Related Benefit Plans - Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant	8,548,783
Shares granted	3,131,949
Shares granted, weighted average grant date fair value	$ 11.20
Unrecognized compensation cost relating to unvested restricted stock	$ 55
Unrecognized compensation cost relating to unvested restricted stock, recognition period (in years)	2 years 10 months 24 days
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted, vesting period	5 years
Shares granted	3,131,949
Shares granted, weighted average grant date fair value	$ 11.20
Compensation and benefits expense	$ 27	$ 28	$ 31
Unrecognized compensation cost relating to unvested restricted stock	$ 5
Unrecognized compensation cost relating to unvested restricted stock, recognition period (in years)	1 year 4 months 24 days
Performance Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted	356,740
Compensation and benefits expense	$ 5	$ 1
Stock Incentive Plan Twenty Twelve | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted		2,421,345	2,031,198
Shares granted, weighted average grant date fair value		$ 11.61	$ 10.45
Supplemental Executive Retirement Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Trust held assets of Supplemental Executive Retirement Plan (SERP), shares	1,006,186	2,191,915
New York Community Bank
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee stock ownership plan allocated amount	$ 4
Allocated shares to participants in the ESOP	405,167		349,356
ESOP-related compensation expense	$ 4	$ 4	$ 4

Stock-Related Benefit Plans - S

Stock-Related Benefit Plans - Summary of Activity for Restricted Stock Awards (Details)	12 Months Ended
	Dec. 31, 2021$ / sharesshares
Number of Shares
Granted | shares	3,131,949
Weighted Average Grant Date Fair Value
Granted | $ / shares	$ 11.20
Restricted Stock
Number of Shares
Unvested at beginning of year | shares	6,228,048
Granted | shares	3,131,949
Vested | shares	(2,107,282)
Canceled | shares	(302,380)
Unvested at end of year | shares	6,950,335
Weighted Average Grant Date Fair Value
Unvested at beginning of year | $ / shares	$ 12.43
Granted | $ / shares	11.20
Vested | $ / shares	13.15
Canceled | $ / shares	11.71
Unvested at end of year | $ / shares	$ 11.68

Stock-Related Benefit Plans -_2

Stock-Related Benefit Plans - Summary of Activity for Performance-Based Restricted Stock Units (Details)	12 Months Ended
	Dec. 31, 2021shares
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested [Roll Forward]
Granted	3,131,949
Performance Based Restricted Stock Units
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested [Roll Forward]
Unvested at beginning of year	477,872
Granted	356,740
Unvested at end of year	834,612
Performance Period	January 1, 2021 - December 31, 2023
Expected Vesting Date	Mar. 31, 2024

Fair Value Measurements - Asset

Fair Value Measurements - Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Millions	Dec. 31, 2021		Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	$ 5,780		$ 5,813
Total equity securities	16		32
Total securities	5,796	[1]	5,845	[2]
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	5,780		5,813
Total equity securities	16		31
Total securities	5,796		5,844
Fair Value, Measurements, Recurring | Preferred Stock
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total equity securities			15
Fair Value, Measurements, Recurring | Mutual Funds and Common Stock
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total equity securities	16		16
Fair Value, Measurements, Recurring | Mortgage-Related Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	2,790		3,038
Fair Value, Measurements, Recurring | Mortgage-Related Securities | GSE Certificates
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	1,107		1,209
Fair Value, Measurements, Recurring | Mortgage-Related Securities | GSE CMOs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	1,683		1,829
Fair Value, Measurements, Recurring | Other Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	2,990		2,775
Fair Value, Measurements, Recurring | Other Securities | U.S. Treasury Obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	45		65
Fair Value, Measurements, Recurring | Other Securities | GSE Debentures
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	1,480		1,158
Fair Value, Measurements, Recurring | Other Securities | Asset-backed Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	479		527
Fair Value, Measurements, Recurring | Other Securities | Municipal Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	25		26
Fair Value, Measurements, Recurring | Other Securities | Corporate Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	838		882
Fair Value, Measurements, Recurring | Other Securities | Foreign Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	26		26
Fair Value, Measurements, Recurring | Other Securities | Capital Trust Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	97		91
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	45		65
Total equity securities			15
Total securities	45		80
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Preferred Stock
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total equity securities			15
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	45		65
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other Securities | U.S. Treasury Obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	45		65
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	5,735		5,748
Total equity securities	16		16
Total securities	5,751		5,764
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Mutual Funds and Common Stock
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total equity securities	16		16
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Mortgage-Related Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	2,790		3,038
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Mortgage-Related Securities | GSE Certificates
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	1,107		1,209
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Mortgage-Related Securities | GSE CMOs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	1,683		1,829
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Other Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	2,945		2,710
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Other Securities | GSE Debentures
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	1,480		1,158
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Other Securities | Asset-backed Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	479		527
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Other Securities | Municipal Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	25		26
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Other Securities | Corporate Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	838		882
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Other Securities | Foreign Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	26		26
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Other Securities | Capital Trust Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	$ 97		$ 91
[1]	Excludes accrued interest receivable of $ 15 million included in other assets in the Consolidated Statements of Condition.
[2]	Excludes accrued interest receivable of $ 15 million included in other assets in the Consolidated Statements of Condition.

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Carrying Values, Estimated Fair Values and Fair Value Measurement Levels of Financial Instruments (Details) - USD ($) $ in Millions	Dec. 31, 2021		Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Certain impaired loans	$ 32	[1]	$ 41	[2]
Other assets	32	[3]	6	[4]
Total	64		47
Fair Value, Measurements, Nonrecurring | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Certain impaired loans	32	[1]	41	[2]
Other assets	32	[3]	6	[4]
Total	$ 64		$ 47
[1]	Represents the fair value of certain loans individually assessed for impairment, based on the value of the collateral.
[2]	R epresents the fair value of impaired loans, based on the value of the collateral.
[3]	Represents the fair value of repossessed assets, based on the appraised value of the collateral subsequent to its initial classification as repossessed assets and equity securities without readily determinable fair values. These equity securities are classified as Level 3 due to the infrequency of the observable prices and/or the restrictions on the shares.
[4]	Represe nts the fair value of repossessed assets, based on the appraised value of the collateral subsequent to its initial classification as repossessed assets.

Fair Value Measurements - Ass_2

Fair Value Measurements - Assets and Liabilities Measured at Fair Value on Non-Recurring Basis (Details) - USD ($) $ in Millions		Dec. 31, 2021		Dec. 31, 2020		Dec. 31, 2019	Dec. 31, 2018
Financial Assets:
Cash and cash equivalents, Carrying Value		$ 2,211		$ 1,948		$ 742	$ 1,475
Cash and cash equivalents, Estimated Fair Value		2,211		1,948
FHLB stock, Carrying Value	[1]	734		714
FHLB stock, Estimated Fair Value	[1]	734		714
Loans and leases, net, Carrying Value		45,539		42,807
Loans and leases, net, Estimated Fair Value		44,748		42,376
Financial Liabilities:
Deposits, Carrying Value		35,059		32,437
Deposits, Estimated Fair Value		35,051		32,466
Borrowed funds, Carrying Value		16,562		16,084
Borrowed funds, Estimated Fair Value		17,169		16,794
Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial Assets:
Cash and cash equivalents, Carrying Value		2,211		1,947,931
Financial Liabilities:
Deposits, Carrying Value		26,635	[2]	22,106	[3]
Significant Other Observable Inputs (Level 2)
Financial Assets:
FHLB stock, Carrying Value		734	[4]	714	[1]
Financial Liabilities:
Deposits, Carrying Value		8,416	[5]	10,360	[6]
Borrowed funds, Carrying Value		17,169		16,794
Significant Unobservable Inputs (Level 3)
Financial Assets:
Loans and leases, net, Carrying Value		$ 44,748		$ 42,376
[1]	Carryin g value and estimated fair value are at cost.
[2]	Interest-bearing checking and money market accounts, savings accounts, and non-interest-bearing accounts.
[3]	Interest-bearing checking and money market accounts, savings accounts, and non-interest-bearing accounts.
[4]	Carrying value and estimated fair value are at cost.
[5]	Certificates of deposit.
[6]	Certificates of deposit.

Dividend Restrictions - Additio

Dividend Restrictions - Additional Information (Details) $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)
Equity [Abstract]
Dividend paid to the Parent Company	$ 380
Additional dividends that could have been paid to the Parent Company without regulatory approval	$ 469

Parent Company Only Financial_3

Parent Company Only Financial Information - Condensed Statements of Condition (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
ASSETS:
Cash and cash equivalents	$ 2,211	$ 1,948	$ 742	$ 1,475
Other assets	1,110	840
Total assets	59,527	56,306
LIABILITIES AND STOCKHOLDERS’ EQUITY:
Junior subordinated debentures	361	360
Other liabilities	613	676
Total liabilities	52,483	49,464
Stockholders’ equity	7,044	6,842	6,712	6,655
Total liabilities and stockholders’ equity	59,527	56,306
Parent Company
ASSETS:
Cash and cash equivalents	139	151	$ 183	$ 228
Investments in subsidiaries	7,525	7,334
Receivables from subsidiaries	3
Other assets	45	23
Total assets	7,712	7,508
LIABILITIES AND STOCKHOLDERS’ EQUITY:
Junior subordinated debentures	361	360
Subordinated notes	296	296
Other liabilities	11	10
Total liabilities	668	666
Stockholders’ equity	7,044	6,842
Total liabilities and stockholders’ equity	$ 7,712	$ 7,508

Parent Company Only Financial_4

Parent Company Only Financial Information - Condensed Statements of Income (Loss) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Condensed Financial Statements, Captions [Line Items]
Interest income	$ 1,689	$ 1,708	$ 1,805
Dividends received from subsidiaries	(380)
Other income	9	6	19
Operating expenses	518	511	511
Income tax benefit	(210)	(77)	(128)
Net income	596	511	395
Parent Company
Condensed Financial Statements, Captions [Line Items]
Dividends received from subsidiaries	380	380	380
Other income	1	1	1
Gross income	381	381	381
Operating expenses	50	52	50
Income before income tax benefit and equity in underdistributed earnings of subsidiaries	331	329	331
Income tax benefit	14	14	14
Income before equity in underdistributed earnings of subsidiaries	345	343	345
Equity in underdistributed earnings of subsidiaries	251	168	50
Net income	$ 596	$ 511	$ 395

Parent Company Only Financial_5

Parent Company Only Financial Information - Condensed Statements of Cash Flow (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income		$ 596	$ 511	$ 395
Change in other assets	[1]	(284)	(411)	(56)
Change in other liabilities	[2]	(6)	9	11
Net cash provided by operating activities		290	334	510
CASH FLOWS FROM INVESTING ACTIVITIES:
Net cash used in investing activities		(2,762)	(1,025)	(2,059)
CASH FLOWS FROM FINANCING ACTIVITIES:
Treasury stock repurchased			(50)	(67)
Net cash provided by financing activities		2,735	1,897	816
Net increase (decrease) in cash, cash equivalents, and restricted cash		263	1,206	(733)
Cash, cash equivalents, and restricted cash at beginning of year		1,948	742	1,475
Cash and cash equivalents at end of year		2,211	1,948	742
Parent Company
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income		596	511	395
Change in other assets		(22)
Change in other liabilities		1		(2)
Other, net		32	30	33
Equity in undistributed earnings of subsidiaries		(251)	(168)	(50)
Net cash provided by operating activities		356	373	376
CASH FLOWS FROM INVESTING ACTIVITIES:
Change in receivable from subsidiaries, net		(3)	2	4
Net cash used in investing activities		(3)	2	4
CASH FLOWS FROM FINANCING ACTIVITIES:
Treasury stock repurchased		(16)	(59)	(75)
Cash dividends paid on common and preferred stock		(349)	(348)	(350)
Net cash provided by financing activities		(365)	(407)	(425)
Net increase (decrease) in cash, cash equivalents, and restricted cash		(12)	(32)	(45)
Cash, cash equivalents, and restricted cash at beginning of year		151	183	228
Cash and cash equivalents at end of year		$ 139	$ 151	$ 183
[1]	Includes $ 18 million, $ 20 million, and $ 38 million of net amortization of operating lease right-of-use assets for the twelve months ended December 31, 2021, December 31, 2020, and December 31, 2019, respectively.
[2]	Includes $ 18 million, $ 20 million, and $ 38 million of net amortization of operating lease liability for the twelve months ended December 31, 2021, December 31, 2020, and December 31, 2019, respectively.

Capital - Actual Capital Amount

Capital - Actual Capital Amounts and Ratios for Community Bank in Comparison to Minimum Amounts and Ratios Required (Detail) - Company - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Common Equity, Tier 1 Amount
Total regulatory capital, Common Equity, Tier 1 Amount	$ 4,226	$ 3,962
Minimum for capital adequacy purposes, Common Equity, Tier 1 Amount	1,966	1,834
Excess, Common Equity, Tier 1 Amount	$ 2,260	$ 2,128
Common Equity, Tier 1 Ratio
Total regulatory capital, Common Equity, Tier 1 Ratio	9.68%	9.72%
Minimum for capital adequacy purposes, Common Equity, Tier 1 Ratio	4.50%	4.50%
Excess, Common Equity, Tier 1 Ratio	5.18%	5.22%
Risk-Based Capital, Tier 1 Amount
Total regulatory capital, Risk-Based Capital, Tier 1 Amount	$ 4,729	$ 4,465
Minimum for capital adequacy purposes, Risk-Based Capital, Tier 1 Amount	2,621	2,446
Excess, Risk-Based Capital, Tier 1 Amount	$ 2,108	$ 2,019
Risk-Based Capital, Tier 1 Ratio
Total regulatory capital, Risk-Based Capital, Tier 1 Ratio	10.83	10.95
Minimum for capital adequacy purposes, Risk-Based Capital, Tier 1 Ratio	6	6
Excess, Risk-Based Capital, Tier 1 Ratio	4.83	4.95
Risk-Based Capital, Total Amount
Total regulatory capital, Risk-Based Capital, Total Amount	$ 5,558	$ 5,290
Minimum for capital adequacy purposes, Risk-Based Capital, Total Amount	3,494	3,262
Excess, Risk-Based Capital, Total Amount	$ 2,064	$ 2,028
Risk-Based Capital, Total Ratio
Total regulatory capital, Risk-Based Capital, Total Ratio	12.73	12.97
Minimum for capital adequacy purposes, Risk-Based Capital, Total Ratio	8	8
Excess, Risk-Based Capital, Total Ratio	4.73	4.97
Leverage Capital, Amount
Total regulatory capital, Leverage Capital, Amount	$ 4,729	$ 4,465
Minimum for capital adequacy purposes, Leverage Capital, Amount	2,237	2,096
Excess, Leverage Capital, Amount	$ 2,492	$ 2,369
Leverage Capital, Ratio
Total regulatory capital, Leverage Capital, Ratio	8.46	8.52
Minimum for capital adequacy purposes, Leverage Capital, Ratio	4	4
Excess, Leverage Capital, Ratio	4.46	4.52

Capital - Additional Informatio

Capital - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended	12 Months Ended
	Mar. 17, 2017	Dec. 31, 2021	Dec. 31, 2020	Oct. 23, 2018
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Minimum Common equity Tier 1 risk-based capital ratio		6.50%
Minimum Tier 1 risk based capital ratio to be categorized as well capitalized		8
Minimum total risk based capital ratio to be categorized as well capitalized		10
Minimum leverage capital ratio to be categorized as well capitalized		5
Preferred stock par value		$ 0.01	$ 0.01
Depositary Shares | Series A Noncumulative Preferred Stock
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Depositary shares issued	20,600,000
Preferred stock par value	$ 0.01
Preferred stock, liquidation preference per share	1
Depository shares, liquidation preference per share	$ 25
Fixed dividend rate per annum	6.375%
Floating dividend rate per annum	Three-month LIBOR plus 382.1 basis
Dividends payable description	Dividends will be payable in arrears on March 17, June 17, September 17, and December 17 of each year, which commenced on June 17, 2017
Common Stock
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Stock Repurchase Program, Authorized Amount				$ 300
Stock repurchase program, shares repurchased		29,000,000
Treasury stock average price per share		$ 9.63
Treasury stock aggregate purchase price		$ 278
Stock repurchased during period, shares		0	5,000,000
Stock Repurchase Program, Number of Shares Authorized to be Repurchased			50,000,000

Capital - Actual Capital Amou_2

Capital - Actual Capital Amounts and Ratios for Commercial Bank in Comparison With Minimum Amounts and Ratios Required (Detail) - Bank - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Common Equity, Tier 1 Amount
Total regulatory capital, Common Equity, Tier 1 Amount	$ 5,217	$ 4,964
Minimum for capital adequacy purposes, Common Equity, Tier 1 Amount	1,964	1,834
Excess, Common Equity, Tier 1 Amount	$ 3,253	$ 3,130
Common Equity, Tier 1 Ratio
Total regulatory capital, Common Equity, Tier 1 Ratio	11.95%	12.18%
Minimum for capital adequacy purposes, Common Equity, Tier 1 Ratio	4.50%	4.50%
Excess, Common Equity, Tier 1 Ratio	7.45%	7.68%
Risk-Based Capital, Tier 1 Amount
Total regulatory capital, Risk-Based Capital, Tier 1 Amount	$ 5,217	$ 4,964
Minimum for capital adequacy purposes, Risk-Based Capital, Tier 1 Amount	2,619	2,445
Excess, Risk-Based Capital, Tier 1 Amount	$ 2,598	$ 2,519
Risk-Based Capital, Tier 1 Ratio
Total regulatory capital, Risk-Based Capital, Tier 1 Ratio	11.95	12.18
Minimum for capital adequacy purposes, Risk-Based Capital, Tier 1 Ratio	6	6
Excess, Risk-Based Capital, Tier 1 Ratio	5.95	6.18
Risk-Based Capital, Total Amount
Total regulatory capital, Risk-Based Capital, Total Amount	$ 5,402	$ 5,145
Minimum for capital adequacy purposes, Risk-Based Capital, Total Amount	3,491	3,260
Excess, Risk-Based Capital, Total Amount	$ 1,911	$ 1,885
Risk-Based Capital, Total Ratio
Total regulatory capital, Risk-Based Capital, Total Ratio	12.38	12.62
Minimum for capital adequacy purposes, Risk-Based Capital, Total Ratio	8	8
Excess, Risk-Based Capital, Total Ratio	4.38	4.62
Leverage Capital, Amount
Total regulatory capital, Leverage Capital, Amount	$ 5,217	$ 4,964
Minimum for capital adequacy purposes, Leverage Capital, Amount	2,236	2,095
Excess, Leverage Capital, Amount	$ 2,981	$ 2,869
Leverage Capital, Ratio
Total regulatory capital, Leverage Capital, Ratio	9.33	9.48
Minimum for capital adequacy purposes, Leverage Capital, Ratio	4	4
Excess, Leverage Capital, Ratio	5.33	5.48

Pending Acquisition - Additiona

Pending Acquisition - Additional Information (Details) $ / shares in Units, $ in Billions	Apr. 26, 2021USD ($)OfficeStateBranch$ / shares	Dec. 31, 2021
Business Acquisition [Line Items]
Ownership percent expected to be owned	68.00%
Flagstar [Member]
Business Acquisition [Line Items]
Ownership percent expected to be owned	32.00%
Percentage of stock transaction value	100.00%
Implied total transaction value	$ 2.6
Business acquisition, share price | $ / shares	$ 4.0151
Business combination, description		Following completion of the merger, New York Community shareholders are expected to own 68% of the combined company, while Flagstar shareholders are expected to own 32% of the combined company.
Business combination estimated total assets after merge	$ 85
Number of traditional branches | Branch	400
Number of retail home lending offices | Office	83
Number of state footprint | State	28