XML 88 R78.htm IDEA: XBRL DOCUMENT v3.10.0.1
Business Segment Information (Market Segment Financial Results) (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Net interest income (expense) $ 599 $ 546 $ 1,738 $ 1,516
Provision for credit losses 0 24 (17) 57
Noninterest income 234 275 726 822
Noninterest expenses 452 463 1,346 1,377
Provision (benefit) for income taxes 63 108 210 273
Net income (loss) 318 226 925 631
Net credit-related charge-offs (recoveries) 15 25 40 76
Assets, average 71,210 71,251 70,689 71,470
Loans, average 48,584 48,663 48,744 48,431
Deposits, average $ 56,093 $ 56,493 $ 56,004 $ 57,128
Return on average assets [1] 1.77% 1.25% 1.75% 1.18%
Efficiency ratio [2] 52.93% 56.33% 54.12% 58.82%
Discrete tax benefits $ 23 $ 2 $ 48 $ 31
Michigan        
Net interest income (expense) 185 170 540 483
Provision for credit losses 4 8 38 3
Noninterest income 75 79 221 242
Noninterest expenses 143 144 431 438
Provision (benefit) for income taxes 25 34 67 101
Net income (loss) 88 63 225 183
Net credit-related charge-offs (recoveries) 8 2 7 (2)
Assets, average 13,055 13,367 13,292 13,331
Loans, average 12,424 12,612 12,557 12,637
Deposits, average $ 20,721 $ 21,641 $ 20,949 $ 21,827
Return on average assets [1] 1.63% 1.11% 1.39% 1.08%
Efficiency ratio [2] 54.90% 57.78% 56.42% 60.29%
California        
Net interest income (expense) $ 199 $ 184 $ 582 $ 521
Provision for credit losses 3 25 (5) 71
Noninterest income 43 41 124 128
Noninterest expenses 104 103 317 297
Provision (benefit) for income taxes 34 37 101 108
Net income (loss) 101 60 293 173
Net credit-related charge-offs (recoveries) 5 10 18 28
Assets, average 18,336 18,161 18,530 18,198
Loans, average 18,074 17,916 18,284 17,930
Deposits, average $ 16,894 $ 17,316 $ 16,875 $ 17,301
Return on average assets [1] 2.18% 1.31% 2.12% 1.26%
Efficiency ratio [2] 43.12% 45.62% 44.76% 45.78%
Texas        
Net interest income (expense) $ 121 $ 122 $ 353 $ 337
Provision for credit losses (9) (22) (37) (45)
Noninterest income 33 33 94 98
Noninterest expenses 90 92 273 281
Provision (benefit) for income taxes 16 31 48 73
Net income (loss) 57 54 163 126
Net credit-related charge-offs (recoveries) 4 9 11 36
Assets, average 10,271 10,435 10,361 10,490
Loans, average 9,702 9,959 9,797 10,028
Deposits, average $ 8,904 $ 9,400 $ 9,018 $ 9,712
Return on average assets [1] 2.18% 2.00% 2.10% 1.53%
Efficiency ratio [2] 58.05% 59.46% 60.90% 64.44%
Other Markets        
Net interest income (expense) $ 95 $ 84 $ 260 $ 234
Provision for credit losses 4 14 (9) 32
Noninterest income 86 107 264 312
Noninterest expenses 98 114 282 330
Provision (benefit) for income taxes 15 17 47 50
Net income (loss) 64 46 204 134
Net credit-related charge-offs (recoveries) (2) 4 4 14
Assets, average 9,193 8,825 8,884 8,520
Loans, average 8,384 8,176 8,106 7,836
Deposits, average $ 8,520 $ 7,730 $ 8,093 $ 7,920
Return on average assets [1] 2.75% 2.07% 3.06% 2.07%
Efficiency ratio [2] 53.97% 59.82% 53.91% 60.49%
Finance & Other        
Net interest income (expense) $ (1) $ (14) $ 3 $ (59)
Provision for credit losses (2) (1) (4) (4)
Noninterest income (3) 15 23 42
Noninterest expenses 17 10 43 31
Provision (benefit) for income taxes (27) [3] (11) [3] (53) [4] (59) [4]
Net income (loss) 8 3 40 15
Net credit-related charge-offs (recoveries) 0   0 0
Assets, average 20,355 20,463 19,622 20,931
Loans, average 0 0 0 0
Deposits, average $ 1,054 $ 406 $ 1,069 $ 368
[1] Return on average assets is calculated based on the greater of average assets or average liabilities and attributed equity.
[2] Noninterest expenses as a percentage of the sum of net interest income and noninterest income excluding gains (losses) from securities and a derivative contract tied to the conversion rate of Visa Class B shares.
[3] Included discrete tax benefits of $23 million and $2 million for the three months ended September 30, 2018 and 2017, respectively.
[4] Included discrete tax benefits of $48 million and $31 million for the nine months ended September 30, 2018 and 2017, respectively.