Business Segment Information (Tables)

6 Months Ended

Jun. 30, 2014

Business segment financial results are as follows:



(dollar amounts in millions)	Business Bank			Retail Bank			Wealth Management			Finance			Other			Total
Six Months Ended June 30, 2014	Business Bank			Retail Bank			Wealth Management			Finance			Other			Total
Earnings summary:
Net interest income (expense) (FTE)	$	747		$	295		$	92		$	(318	)	$	12		$	828
Provision for credit losses	48			(2		)	(17		)	—			(9		)	20
Noninterest income	181			82			132			29			4			428
Noninterest expenses	289			342			157			5			17			810
Provision (benefit) for income taxes (FTE)	198			13			30			(111		)	6			136
Net income (loss)	$	393		$	24		$	54		$	(183	)	$	2		$	290
Net credit-related charge-offs (recoveries)	$	18		$	7		$	(4	)	$	—		$	—		$	21

Selected average balances:
Assets	$	36,686		$	6,051		$	4,968		$	11,092		$	5,997		$	64,794
Loans	35,732			5,384			4,789			—			—			45,905
Deposits	27,204			21,505			3,822			305			243			53,079

Statistical data:
Return on average assets (a)	2.14		%	0.22		%	2.19		%	N/M			N/M			0.90		%
Efficiency ratio (b)	31.18			90.71			70.47			N/M			N/M			64.55



(dollar amounts in millions)	Business Bank			Retail Bank			Wealth Management			Finance			Other			Total
Six Months Ended June 30, 2013	Business Bank			Retail Bank			Wealth Management			Finance			Other			Total
Earnings summary:
Net interest income (expense) (FTE)	$	748		$	309		$	92		$	(333	)	$	15		$	831
Provision for credit losses	31			11			(10		)	—			(3		)	29
Noninterest income	184			86			130			29			6			435
Noninterest expenses	293			352			157			5			25			832
Provision (benefit) for income taxes (FTE)	203			11			26			(112		)	—			128
Net income (loss)	$	405		$	21		$	49		$	(197	)	$	(1	)	$	277
Net credit-related charge-offs	$	28		$	11		$	2		$	—		$	—		$	41

Selected average balances:
Assets	$	35,896		$	5,967		$	4,783		$	11,786		$	5,301		$	63,733
Loans	34,854			5,274			4,628			—			—			44,756
Deposits	25,752			21,145			3,691			303			204			51,095

Statistical data:
Return on average assets (a)	2.26		%	0.19		%	2.06		%	N/M			N/M			0.87		%
Efficiency ratio (b)	31.43			88.66			70.48			N/M			N/M			65.59


(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
Six Months Ended June 30, 2014	Michigan			California			Texas			Other Markets			Finance & Other			Total
Earnings summary:
Net interest income (expense) (FTE)	$	364		$	349		$	273		$	148		$	(306	)	$	828
Provision for credit losses	(5		)	25			29			(20		)	(9		)	20
Noninterest income	182			72			62			79			33			428
Noninterest expenses	320			197			178			93			22			810
Provision (benefit) for income taxes (FTE)	82			74			46			39			(105		)	136
Net income (loss)	$	149		$	125		$	82		$	115		$	(181	)	$	290
Net credit-related charge-offs (recoveries)	$	10		$	15		$	8		$	(12	)	$	—		$	21

Selected average balances:
Assets	$	13,835		$	15,429		$	11,367		$	7,074		$	17,089		$	64,794
Loans	13,478			15,133			10,667			6,627			—			45,905
Deposits	20,668			15,078			10,799			5,986			548			53,079

Statistical data:
Return on average assets (a)	1.37		%	1.56		%	1.37		%	3.25		%	N/M			0.90		%
Efficiency ratio (b)	58.69			46.75			53.22			41.11			N/M			64.55



(dollar amounts in millions)	Michigan			California			Texas			Other Markets			Finance & Other			Total
Six Months Ended June 30, 2013	Michigan			California			Texas			Other Markets			Finance & Other			Total
Earnings summary:
Net interest income (expense) (FTE)	$	378		$	344		$	266		$	161		$	(318	)	$	831
Provision for credit losses	(4		)	24			13			(1		)	(3		)	29
Noninterest income	180			71			65			84			35			435
Noninterest expenses	329			197			180			96			30			832
Provision (benefit) for income taxes (FTE)	82			71			48			39			(112		)	128
Net income (loss)	$	151		$	123		$	90		$	111		$	(198	)	$	277
Net credit-related charge-offs	$	9		$	22		$	3		$	7		$	—		$	41

Selected average balances:
Assets	$	14,033		$	13,976		$	10,841		$	7,796		$	17,087		$	63,733
Loans	13,626			13,728			10,125			7,277			—			44,756
Deposits	20,206			14,514			10,074			5,794			507			51,095

Statistical data:
Return on average assets (a)	1.42		%	1.59		%	1.59		%	2.85		%	N/M			0.87		%
Efficiency ratio (b)	58.85			47.39			54.19			39.34			N/M			65.59


(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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