Business Segment Information (Tables)

9 Months Ended

Sep. 30, 2013

Business segment financial results are as follows:



(dollar amounts in millions)	Business Bank			Retail Bank			Wealth Management			Finance			Other			Total
Nine Months Ended September 30, 2013	Business Bank			Retail Bank			Wealth Management			Finance			Other			Total
Earnings summary:
Net interest income (expense) (FTE)	$	1,115		$	460		$	138		$	(492	)	$	23		$	1,244
Provision for credit losses	29			21			(8		)	—			(5		)	37
Noninterest income	246			132			191			47			6			622
Noninterest expenses	446			530			238			7			28			1,249
Provision (benefit) for income taxes (FTE)	271			14			35			(168		)	4			156
Net income (loss)	$	615		$	27		$	64		$	(284	)	$	2		$	424
Net credit-related charge-offs	$	37		$	18		$	5		$	—		$	—		$	60

Selected average balances:
Assets	$	35,697		$	5,967		$	4,785		$	11,553		$	5,708		$	63,710
Loans	34,626			5,278			4,629			—			—			44,533
Deposits	25,931			21,183			3,722			309			210			51,355

Statistical data:
Return on average assets (a)	2.30		%	0.17		%	1.78		%	N/M			N/M			0.89		%
Efficiency ratio (b)	32.74			89.19			72.64			N/M			N/M			66.89



(dollar amounts in millions)	Business Bank			Retail Bank			Wealth Management			Finance			Other			Total
Nine Months Ended September 30, 2012	Business Bank			Retail Bank			Wealth Management			Finance			Other			Total
Earnings summary:
Net interest income (expense) (FTE)	$	1,131		$	491		$	140		$	(483	)	$	27		$	1,306
Provision for credit losses	28			16			18			—			1			63
Noninterest income	240			131			193			44			6			614
Noninterest expenses	453			543			236			8			90			1,330
Provision (benefit) for income taxes (FTE)	273			21			28			(167		)	(19		)	136
Net income (loss)	$	617		$	42		$	51		$	(280	)	$	(39	)	$	391
Net credit-related charge-offs	$	81		$	34		$	18		$	—		$	—		$	133

Selected average balances:
Assets	$	34,140		$	6,027		$	4,602		$	11,796		$	5,443		$	62,008
Loans	33,183			5,326			4,525			—			—			43,034
Deposits	24,430			20,527			3,640			171			179			48,947

Statistical data:
Return on average assets (a)	2.41		%	0.26		%	1.49		%	N/M			N/M			0.84		%
Efficiency ratio (b)	33.08			87.14			73.30			N/M			N/M			69.62


(a)	Return on average assets is calculated based on the greater of average assets or average liabilities and attributed equity.

(b) Noninterest expenses as a percentage of the sum of net interest income (FTE) and noninterest income excluding net securities gains.

FTE – Fully Taxable Equivalent

N/M – not meaningful

Market Segment Financial Results

Market segment financial results are as follows:



(dollar amounts in millions)	Michigan			California			Texas			Other Markets			Finance & Other			Total
Nine Months Ended September 30, 2013	Michigan			California			Texas			Other Markets			Finance & Other			Total
Earnings summary:
Net interest income (expense) (FTE)	$	564		$	516		$	394		$	239		$	(469	)	$	1,244
Provision for credit losses	(19		)	25			31			5			(5		)	37
Noninterest income	268			113			100			88			53			622
Noninterest expenses	496			298			272			148			35			1,249
Provision (benefit) for income taxes (FTE)	126			114			67			13			(164		)	156
Net income (loss)	$	229		$	192		$	124		$	161		$	(282	)	$	424
Net credit-related charge-offs	$	10		$	30		$	7		$	13		$	—		$	60

Selected average balances:
Assets	$	13,936		$	14,067		$	10,774		$	7,672		$	17,261		$	63,710
Loans	13,508			13,820			10,064			7,141			—			44,533
Deposits	20,294			14,532			10,149			5,861			519			51,355

Statistical data:
Return on average assets (a)	1.44		%	1.65		%	1.46		%	2.79		%	N/M			0.89		%
Efficiency ratio (b)	59.52			47.38			54.96			45.30			N/M			66.89



(dollar amounts in millions)	Michigan			California			Texas			Other Markets			Finance & Other			Total
Nine Months Ended September 30, 2012	Michigan			California			Texas			Other Markets			Finance & Other			Total
Earnings summary:
Net interest income (expense) (FTE)	$	585		$	514		$	429		$	234		$	(456	)	$	1,306
Provision for credit losses	(7		)	9			43			17			1			63
Noninterest income	289			101			93			81			50			614
Noninterest expenses	527			294			271			140			98			1,330
Provision (benefit) for income taxes (FTE)	123			115			73			11			(186		)	136
Net income (loss)	$	231		$	197		$	135		$	147		$	(319	)	$	391
Net credit-related charge-offs	$	40		$	34		$	17		$	42		$	—		$	133

Selected average balances:
Assets	$	13,968		$	12,786		$	10,224		$	7,791		$	17,239		$	62,008
Loans	13,687			12,555			9,462			7,330			—			43,034
Deposits	19,423			14,270			10,118			4,786			350			48,947

Statistical data:
Return on average assets (a)	1.51		%	1.72		%	1.58		%	2.51		%	N/M			0.84		%
Efficiency ratio (b)	60.29			47.86			51.78			46.05			N/M			69.62


(a)	Return on average assets is calculated based on the greater of average assets or average liabilities and attributed equity.

(b) Noninterest expenses as a percentage of the sum of net interest income (FTE) and noninterest income excluding net securities gains.

FTE – Fully Taxable Equivalent

N/M – not meaningful

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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