XML 83 R73.htm IDEA: XBRL DOCUMENT v3.20.2
Business Segment Information (Market Segment Financial Results) (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Net interest income (expense) $ 458 $ 586 $ 1,442 $ 1,795
Provision for credit losses 5 35 554 66
Noninterest income 252 256 736 744
Noninterest expenses 446 435 1,311 1,292
Provision (benefit) for income taxes 48 80 54 252
Net income 211 292 259 929
Net credit-related charge-offs (recoveries) 33 42 167 86
Assets, average 84,268 71,736 79,742 70,927
Loans, average 52,013 50,887 51,706 50,514
Deposits, average $ 68,763 $ 55,716 $ 63,291 $ 54,909
Return on average assets [1] 0.99% 1.61% 0.43% 1.75%
Efficiency ratio [2] 62.79% 51.54% 60.10% 50.66%
Michigan        
Net interest income (expense) $ 168 $ 185 $ 490 $ 558
Provision for credit losses 19 (1) 83 (6)
Noninterest income 66 74 202 218
Noninterest expenses 139 139 418 412
Provision (benefit) for income taxes 13 27 36 83
Net income 63 94 155 287
Net credit-related charge-offs (recoveries) 6 6 9 10
Assets, average 13,280 13,205 13,272 13,170
Loans, average 12,607 12,554 12,604 12,605
Deposits, average $ 24,759 $ 20,164 $ 22,995 $ 19,959
Return on average assets [1] 0.95% 1.79% 0.86% 1.85%
Efficiency ratio [2] 59.79% 53.30% 60.20% 53.00%
California        
Net interest income (expense) $ 179 $ 203 $ 537 $ 614
Provision for credit losses 11 (6) 113 (11)
Noninterest income 33 41 105 121
Noninterest expenses 102 102 303 301
Provision (benefit) for income taxes 21 37 51 113
Net income 78 111 175 332
Net credit-related charge-offs (recoveries) 16 5 31 9
Assets, average 18,357 18,595 18,563 18,877
Loans, average 18,095 18,261 18,263 18,572
Deposits, average $ 20,130 $ 16,705 $ 18,691 $ 16,420
Return on average assets [1] 1.46% 2.37% 1.18% 2.36%
Efficiency ratio [2] 47.98% 41.70% 47.16% 40.89%
Texas        
Net interest income (expense) $ 117 $ 125 $ 348 $ 373
Provision for credit losses (25) 50 296 88
Noninterest income 28 31 88 97
Noninterest expenses 89 86 264 255
Provision (benefit) for income taxes 17 5 (29) 30
Net income 64 15 (95) 97
Net credit-related charge-offs (recoveries) 11 34 127 73
Assets, average 11,365 11,462 11,369 11,240
Loans, average 10,923 10,805 10,889 10,586
Deposits, average $ 10,654 $ 8,705 $ 10,026 $ 8,690
Return on average assets [1] 2.14% 0.48% (1.10%) 1.13%
Efficiency ratio [2] 61.16% 55.57% 60.41% 54.35%
Other Markets        
Net interest income (expense) $ 118 $ 96 $ 315 $ 281
Provision for credit losses 0 (9) 62 (4)
Noninterest income 100 94 291 272
Noninterest expenses 105 90 300 273
Provision (benefit) for income taxes 24 22 49 57
Net income 89 87 195 227
Net credit-related charge-offs (recoveries) 0 (3) 0 (6)
Assets, average 11,322 10,100 10,943 9,548
Loans, average 10,399 9,282 9,955 8,760
Deposits, average $ 12,035 $ 7,879 $ 10,378 $ 7,876
Return on average assets [1] 2.68% 3.45% 2.28% 3.20%
Efficiency ratio [2] 48.22% 47.08% 49.60% 49.20%
Finance & Other        
Net interest income (expense) $ (124) $ (23) $ (248) $ (31)
Provision for credit losses 0 1 0 (1)
Noninterest income 25 16 50 36
Noninterest expenses 11 18 26 51
Provision (benefit) for income taxes (27) (11) (53) (31)
Net income (83) (15) (171) (14)
Net credit-related charge-offs (recoveries) 0 0 0 0
Assets, average 29,944 18,374 25,595 18,092
Loans, average (11) (15) (5) (9)
Deposits, average $ 1,185 $ 2,263 $ 1,201 $ 1,964
[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 net losses from securities and a derivative contract tied to the conversion rate of Visa Class B shares.