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Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 2019
Fair Value Measurements  
Assets and Liabilities Measured at Fair Value on a Recurring Basis

Assets and Liabilities Measured at Fair Value on a Recurring Basis

 

The following tables summarize assets and liabilities measured at fair value on a recurring basis as of:

 

 

 

 

 

 

 

Fair Value Measurements Using

 

September 30, 2019 ($ in millions)

 

Level 1(c)

Level 2(c)

Level 3

Total Fair Value

Assets:

 

 

 

 

 

Available-for-sale debt and other securities:

 

 

 

 

 

U.S. Treasury and federal agency securities

$

75

-

-

75

Obligations of states and political subdivisions securities

 

-

2

-

2

Mortgage-backed securities:

 

 

 

 

 

Agency residential mortgage-backed securities

 

-

15,694

-

15,694

Agency commercial mortgage-backed securities

 

-

15,276

-

15,276

Non-agency commercial mortgage-backed securities

 

-

3,400

-

3,400

Asset-backed securities and other debt securities

 

-

2,156

-

2,156

Available-for-sale debt and other securities(a)

 

75

36,528

-

36,603

Trading debt securities:

 

 

 

 

 

U.S. Treasury and federal agency securities

 

2

1

-

3

Obligations of states and political subdivisions securities

 

-

29

-

29

Agency residential mortgage-backed securities

 

-

69

-

69

Asset-backed securities and other debt securities

 

-

196

-

196

Trading debt securities

 

2

295

-

297

Equity securities

 

449

10

-

459

Residential mortgage loans held for sale

 

-

1,136

-

1,136

Residential mortgage loans(b)

 

-

-

184

184

Commercial loans held for sale

 

-

1

-

1

MSRs

 

-

-

910

910

Derivative assets:

 

 

 

 

 

Interest rate contracts

 

3

1,520

24

1,547

Foreign exchange contracts

 

-

182

-

182

Commodity contracts

 

89

279

-

368

Derivative assets(d)

 

92

1,981

24

2,097

Total assets

$

618

39,951

1,118

41,687

Liabilities:

 

 

 

 

 

Derivative liabilities:

 

 

 

 

 

Interest rate contracts

$

5

247

9

261

Foreign exchange contracts

 

-

151

-

151

Equity contracts

 

-

-

146

146

Commodity contracts

 

9

344

-

353

Derivative liabilities(e)

 

14

742

155

911

Short positions(e)

 

68

44

-

112

Total liabilities

$

82

786

155

1,023

Excludes FHLB, FRB and DTCC restricted stock holdings totaling $96, $477 and $2, respectively, at September 30, 2019.Includes residential mortgage loans originated as held for sale and subsequently transferred to held for investment.During the nine months ended September 30, 2019, no assets or liabilities were transferred between Level 1 and Level 2.Included in other assets in the Condensed Consolidated Balance Sheets.Included in other liabilities in the Condensed Consolidated Balance Sheets.

 

 

Fair Value Measurements Using

 

December 31, 2018 ($ in millions)

 

Level 1(c)

Level 2(c)

Level 3

Total Fair Value

Assets:

 

 

 

 

 

Available-for-sale debt and other securities:

 

 

 

 

 

U.S. Treasury and federal agency securities

$

97

-

-

97

Obligations of states and political subdivisions securities

 

-

2

-

2

Mortgage-backed securities:

 

 

 

 

 

Agency residential mortgage-backed securities

 

-

16,247

-

16,247

Agency commercial mortgage-backed securities

 

-

10,650

-

10,650

Non-agency commercial mortgage-backed securities

 

-

3,267

-

3,267

Asset-backed securities and other debt securities

 

-

2,015

-

2,015

Available-for-sale debt and other securities(a)

 

97

32,181

-

32,278

Trading debt securities:

 

 

 

 

 

U.S. Treasury and federal agency securities

 

-

16

-

16

Obligations of states and political subdivisions securities

 

-

35

-

35

Agency residential mortgage-backed securities

 

-

68

-

68

Asset-backed securities and other debt securities

 

-

168

-

168

Trading debt securities

 

-

287

-

287

Equity securities

 

452

-

-

452

Residential mortgage loans held for sale

 

-

537

-

537

Residential mortgage loans(b)

 

-

-

179

179

Commercial loans held for sale

 

-

7

-

7

MSRs

 

-

-

938

938

Derivative assets:

 

 

 

 

 

Interest rate contracts

 

-

648

7

655

Foreign exchange contracts

 

-

152

-

152

Commodity contracts

 

93

214

-

307

Derivative assets(d)

 

93

1,014

7

1,114

Total assets

$

642

34,026

1,124

35,792

Liabilities:

 

 

 

 

 

Derivative liabilities:

 

 

 

 

 

Interest rate contracts

$

8

313

8

329

Foreign exchange contracts

 

-

142

-

142

Equity contracts

 

-

-

125

125

Commodity contracts

 

19

259

-

278

Derivative liabilities(e)

 

27

714

133

874

Short positions(e)

 

110

28

-

138

Total liabilities

$

137

742

133

1,012

(a)

Excludes FHLB, FRB, and DTCC restricted stock holdings totaling $184, $366 and $2, respectively, at December 31, 2018.

(b)

Includes residential mortgage loans originated as held for sale and subsequently transferred to held for investment.

(c)

During the year ended December 31, 2018, no assets or liabilities were transferred between Level 1 and Level 2.

(d)

Included in other assets in the Condensed Consolidated Balance Sheets.

(e)

Included in other liabilities in the Condensed Consolidated Balance Sheets.
Reconciliation of Assets and Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3)

 

 

 

 

 

 

 

 

 

 

 

 

 

The following tables are a reconciliation of assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements Using Significant Unobservable Inputs (Level 3)

 

 

Residential

 

 

Interest Rate

 

 

 

 

 

 

Mortgage

 

Derivatives,

Equity

 

Total

For the three months ended September 30, 2019 ($ in millions)

 

Loans

MSRs

Net(a)

Derivatives

 

Fair Value

Balance, beginning of period

$

192

 

1,039

 

5

 

(151)

 

 

 

1,085

Total (losses) gains (realized/unrealized):

 

 

 

 

 

 

 

 

 

 

 

 

Included in earnings

 

-

 

(171)

 

51

 

(11)

 

 

 

(131)

Purchases/originations

 

-

 

42

 

(1)

 

-

 

 

 

41

Settlements

 

(11)

 

-

 

(40)

 

16

 

 

 

(35)

Transfers into Level 3(b)

 

3

 

-

 

-

 

-

 

 

 

3

Balance, end of period

$

184

 

910

 

15

 

(146)

 

 

 

963

The amount of total (losses) gains for the period

 

 

 

 

 

 

 

 

 

 

 

 

included in earnings attributable to the change in unrealized

 

 

 

 

 

 

 

 

 

 

 

 

gains or losses relating to instruments still held at September 30, 2019(c)

$

-

 

(131)

 

24

 

(11)

 

 

 

(118)

Net interest rate derivatives include derivative assets and liabilities of $24 and $9, respectively, as of September 30, 2019.Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment.Includes interest income and expense.

 

 

Fair Value Measurements Using Significant Unobservable Inputs (Level 3)

 

 

 

Residential

 

 

Interest Rate

 

 

 

 

 

 

 

Mortgage

 

 

Derivatives,

Equity

 

Total

For the three months ended September 30, 2018 ($ in millions)

 

Loans

MSRs

Net(a)

Derivatives

 

Fair Value

Balance, beginning of period

$

162

 

959

 

4

 

(164)

 

 

 

961

Total (losses) gains (realized/unrealized):

 

 

 

 

 

 

 

 

 

 

 

 

Included in earnings

 

(1)

 

(8)

 

18

 

(17)

 

 

 

(8)

Purchases/originations

 

-

 

59

 

(1)

 

-

 

 

 

58

Settlements

 

(4)

 

-

 

(22)

 

37

 

 

 

11

Transfers into Level 3(b)

 

15

 

-

 

-

 

-

 

 

 

15

Balance, end of period

$

172

 

1,010

 

(1)

 

(144)

 

 

 

1,037

The amount of total (losses) gains for the period

 

 

 

 

 

 

 

 

 

 

 

 

included in earnings attributable to the change in unrealized

 

 

 

 

 

 

 

 

 

 

 

 

gains or losses relating to instruments still held at September 30, 2018(c)

$

(1)

 

(8)

 

7

 

(17)

 

 

 

(19)

(a)

Net interest rate derivatives include derivative assets and liabilities of $7 and $8 respectively, as of September 30, 2018.

(b)

Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment.

(c)

Includes interest income and expense.

 

 

Fair Value Measurements Using Significant Unobservable Inputs (Level 3)

 

 

 

Residential

 

 

Interest Rate

 

 

 

 

 

 

 

Mortgage

 

 

Derivatives,

Equity

 

Total

For the nine months ended September 30, 2019 ($ in millions)

 

Loans

MSRs

Net(a)

Derivatives

 

Fair Value

Balance, beginning of period

$

179

 

938

 

(1)

 

(125)

 

 

 

991

Total (losses) gains (realized/unrealized):

 

 

 

 

 

 

 

 

 

 

 

 

Included in earnings

 

(1)

 

(416)

 

110

 

(63)

 

 

 

(370)

Purchases/originations/acquisitions

 

-

 

388

 

(3)

 

-

 

 

 

385

Settlements

 

(22)

 

-

 

(91)

 

42

 

 

 

(71)

Transfers into Level 3(b)

 

28

 

-

 

-

 

-

 

 

 

28

Balance, end of period

$

184

 

910

 

15

 

(146)

 

 

 

963

The amount of total (losses) gains for the period

 

 

 

 

 

 

 

 

 

 

 

 

included in earnings attributable to the change in unrealized

 

 

 

 

 

 

 

 

 

 

 

 

gains or losses relating to instruments still held at September 30, 2019(c)

$

(1)

 

(329)

 

25

 

(63)

 

 

 

(368)

(a)

Net interest rate derivatives include derivative assets and liabilities of $24 and $9, respectively, as of September 30, 2019.

(b)

Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment.

(c)

Includes interest income and expense.

 

 

Fair Value Measurements Using Significant Unobservable Inputs (Level 3)

 

 

 

Residential

 

 

Interest Rate

 

 

 

 

 

 

 

Mortgage

 

 

Derivatives,

Equity

 

Total

For the nine months ended September 30, 2018 ($ in millions)

 

Loans

MSRs

Net(a)

Derivatives

 

Fair Value

Balance, beginning of period

$

137

 

858

 

3

 

(137)

 

 

 

861

Total (losses) gains (realized/unrealized):

 

 

 

 

 

 

 

 

 

 

 

 

Included in earnings

 

(5)

 

8

 

54

 

(66)

 

 

 

(9)

Purchases/originations

 

-

 

144

 

(5)

 

-

 

 

 

139

Settlements

 

(12)

 

-

 

(53)

 

59

 

 

 

(6)

Transfers into Level 3(b)

 

52

 

-

 

-

 

-

 

 

 

52

Balance, end of period

$

172

 

1,010

 

(1)

 

(144)

 

 

 

1,037

The amount of total (losses) gains for the period

 

 

 

 

 

 

 

 

 

 

 

 

included in earnings attributable to the change in unrealized

 

 

 

 

 

 

 

 

 

 

 

 

gains or losses relating to instruments still held at September 30, 2018(c)

$

(5)

 

8

 

9

 

(66)

 

 

 

(54)

(a)

Net interest rate derivatives include derivative assets and liabilities of $7 and $8, respectively, as of September 30, 2018 .

(b)

Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment.

(c)

Includes interest income and expense.
Total Gains and Losses Included in Earnings for Assets and Liabilites Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3)

The total losses and gains included in earnings for assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) were recorded in the Condensed Consolidated Statements of Income as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended

 

For the nine months ended

 

 

September 30,

 

September 30,

($ in millions)

 

2019

2018

 

2019

2018

Mortgage banking net revenue

$

(121)

 

9

 

 

(309)

 

56

 

Corporate banking revenue

 

1

 

-

 

 

2

 

1

 

Other noninterest income

 

(11)

 

(17)

 

 

(63)

 

(66)

 

Total losses

$

(131)

 

(8)

 

 

(370)

 

(9)

 

The total losses and gains included in earnings attributable to changes in unrealized gains and losses related to Level 3 assets and liabilities still held at September 30, 2019 and 2018 were recorded in the Condensed Consolidated Statements of Income as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended

 

For the nine months ended

 

 

September 30,

 

September 30,

($ in millions)

 

2019

2018

 

2019

2018

Mortgage banking net revenue

$

(109)

 

(2)

 

 

(307)

 

11

 

Corporate banking revenue

 

2

 

-

 

 

2

 

1

 

Other noninterest income

 

(11)

 

(17)

 

 

(63)

 

(66)

 

Total losses

$

(118)

 

(19)

 

 

(368)

 

(54)

 
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis

The following tables provide the fair value hierarchy and carrying amount of all assets that were held as of September 30, 2019 and 2018 and for which a nonrecurring fair value adjustment was recorded during the three and nine months ended September 30, 2019 and 2018, and the related gains and losses from fair value adjustments on assets sold during the period as well as assets still held as of the end of the period:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements Using

 

 

Total (Losses) Gains

 

Total (Losses) Gains

 

 

 

 

 

 

 

 

 

 

For the three months ended September 30, 2019

 

For the nine months ended September 30, 2019

As of September 30, 2019 ($ in millions)

Level 1

Level 2

Level 3

Total

 

Commercial and industrial loans

$

-

 

-

 

116

 

116

 

(11)

 

 

(45)

 

Commercial mortgage loans

 

-

 

-

 

12

 

12

 

-

 

 

-

 

Commercial leases

 

-

 

-

 

18

 

18

 

2

 

 

(9)

 

OREO

 

-

 

-

 

16

 

16

 

(2)

 

 

(5)

 

Bank premises and equipment

 

-

 

-

 

23

 

23

 

(4)

 

 

(26)

 

Private equity investments

 

-

 

6

 

2

 

8

 

-

 

 

6

 

Total

$

-

 

6

 

187

 

193

 

(15)

 

 

(79)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements Using

 

 

Total (Losses) Gains

 

Total (Losses) Gains

 

 

 

 

 

 

 

 

 

 

For the three months

 

For the nine months

As of September 30, 2018 ($ in millions)

Level 1

Level 2

Level 3

Total

ended September 30, 2018

 

ended September 30, 2018

Commercial loans held for sale

$

-

 

-

 

3

 

3

 

(1)

 

 

(2)

 

Commercial and industrial loans

 

-

 

-

 

156

 

156

 

(16)

 

 

(46)

 

Commercial mortgage loans

 

-

 

-

 

2

 

2

 

-

 

 

6

 

Commercial leases

 

-

 

-

 

14

 

14

 

1

 

 

(9)

 

OREO

 

-

 

-

 

21

 

21

 

(2)

 

 

(6)

 

Bank premises and equipment

 

-

 

-

 

36

 

36

 

-

 

 

(41)

 

Operating lease equipment

 

-

 

-

 

10

 

10

 

(1)

 

 

(4)

 

Private equity investments

 

-

 

69

 

3

 

72

 

14

 

 

44

 

Total

$

-

 

69

 

245

 

314

 

(5)

 

 

(58)

 
Quantitative Information About Significant Unobservable Level 3 Fair Value Measurement Inputs

The following tables present information as of September 30, 2019 and 2018 about significant unobservable inputs related to the Bancorp’s material categories of Level 3 financial assets and liabilities measured at fair value on a recurring basis:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of September 30, 2019 ($ in millions)

 

 

 

 

 

 

 

 

 

 

 

 

Financial Instrument

 

Fair Value

Valuation Technique

Significant Unobservable Inputs

 

Ranges of Inputs

 

Weighted-Average

Residential mortgage loans

$

184

Loss rate model

Interest rate risk factor

(6.8)

-

6.9

%

 

(0.2)

%

 

 

 

 

Credit risk factor

 

0

-

31.8

%

 

0.5

%

 

 

 

 

 

 

 

 

 

 

(Fixed)

15.4

%

MSRs

 

910

DCF

Prepayment speed

 

0.5

-

97.0

%

(Adjustable)

23.4

%

 

 

 

 

 

 

 

 

 

 

(Fixed)

619

 

 

 

 

OAS spread (bps)

 

484

-

1,513

(Adjustable)

914

IRLCs, net

 

24

DCF

Loan closing rates

 

5.7

-

96.7

%

 

76.9

%

Swap associated with the sale of Visa, Inc.

 

(146)

DCF

Timing of the resolution

 

6/30/2021

-

2/7/2022

Class B Shares

 

 

 

of the Covered Litigation

12/31/2023

 

 

 

As of September 30, 2018 ($ in millions)

 

 

 

 

 

 

 

 

 

 

 

 

Financial Instrument

 

Fair Value

Valuation Technique

Significant Unobservable Inputs

 

Ranges of Inputs

 

Weighted-Average

 

Residential mortgage loans

$

172

Loss rate model

Interest rate risk factor

(12.7)

-

11.0

%

 

(0.6)

%

 

 

 

 

Credit risk factor

 

0

-

40.3

%

 

0.7

%

 

 

 

 

 

 

 

 

 

 

(Fixed)

9.1

%

MSRs

 

1,010

DCF

Prepayment speed

 

0.5

-

97.0

%

(Adjustable)

23.2

%

 

 

 

 

 

 

 

 

 

 

(Fixed)

533

 

 

 

 

OAS spread (bps)

 

449

-

1,513

(Adjustable)

842

IRLCs, net

 

7

DCF

Loan closing rates

 

6.2

-

96.7

%

 

76.6

%

Swap associated with the sale of Visa, Inc.

 

(144)

DCF

Timing of the resolution

 

1/31/2021

-

9/6/2021

Class B Shares

 

 

 

of the Covered Litigation

11/30/2023

 

 

 

The following tables present information as of September 30, 2019 and 2018 about significant unobservable inputs related to the Bancorp’s material categories of Level 3 financial assets and liabilities measured on a nonrecurring basis:

 

 

 

 

 

 

 

As of September 30, 2019 ($ in millions)

 

 

 

Financial Instrument

 

Fair Value

Valuation Technique

Significant Unobservable Inputs

Ranges of Inputs

 

Weighted-Average

Commercial and industrial loans

$

116

Appraised value

Collateral value

NM

NM

Commercial mortgage loans

 

12

Appraised value

Collateral value

NM

NM

Commercial leases

 

18

Appraised value

Collateral value

NM

NM

OREO

 

16

Appraised value

Appraised value

NM

NM

Bank premises and equipment

 

23

Appraised value

Appraised value

NM

NM

Private equity investments

 

2

Comparable company analysis

Market comparable transactions

NM

NM

As of September 30, 2018 ($ in millions)

 

 

 

 

 

 

 

Financial Instrument

 

Fair Value

Valuation Technique

Significant Unobservable Inputs

Ranges of Inputs

 

 

Weighted-Average

 

Commercial loans held for sale

$

3

Appraised value

Appraised value

 

 

NM

 

NM

 

 

 

 

Costs to sell

 

 

NM

 

10.0

%

Commercial and industrial loans

 

156

Appraised value

Collateral value

 

 

NM

 

NM

Commercial mortgage loans

 

2

Appraised value

Collateral value

 

 

NM

 

NM

Commercial leases

 

14

Appraised value

Collateral value

 

 

NM

 

NM

OREO

 

21

Appraised value

Appraised value

 

 

NM

 

NM

Bank premises and equipment

 

36

Appraised value

Appraised value

 

 

NM

 

NM

Operating lease equipment

 

10

Appraised value

Appraised value

 

 

NM

 

NM

Private equity investments

 

-

Liquidity discount applied

Liquidity discount

0

-

43.0

%

12.9

%

 

 

 

to fund's NAV

 

 

 

 

 

 

 

 

 

3

Comparable company analysis

Market comparable transactions

 

 

NM

 

NM
Difference Between the Aggregate Fair Value and the Aggregate Unpaid Principal Balance for Residential Mortgage Loans Measured at Fair Value

The following table summarizes the difference between the fair value and the unpaid principal balance for residential mortgage and commercial loans measured at fair value as of:

 

 

 

 

 

 

 

 

Aggregate

Aggregate Unpaid

 

 

September 30, 2019 ($ in millions)

 

Fair Value

Principal Balance

 

Difference

Residential mortgage loans measured at fair value

$

1,320

1,285

 

35

Past due loans of 90 days or more

 

2

2

 

-

Nonaccrual loans

 

1

1

 

-

Commercial loans measured at fair value

 

1

1

 

-

December 31, 2018

 

 

 

 

 

Residential mortgage loans measured at fair value

$

716

696

 

20

Past due loans of 90 days or more

 

2

2

 

-

Nonaccrual loans

 

2

2

 

-

Commercial loans measured at fair value

 

7

7

 

-
Carrying Amounts and Estimated Fair Values for Certain Financial Instruments

Fair Value of Certain Financial Instruments

 

 

 

 

 

 

The following tables summarize the carrying amounts and estimated fair values for certain financial instruments, excluding financial instruments measured at fair value on a recurring basis:

 

 

 

 

 

 

 

 

 

Net Carrying

Fair Value Measurements Using

Total

As of September 30, 2019 ($ in millions)

 

Amount

Level 1

Level 2

Level 3

Fair Value

Financial assets:

 

 

 

 

 

 

Cash and due from banks

$

3,261

3,261

-

-

3,261

Other short-term investments

 

3,235

3,235

-

-

3,235

Other securities

 

575

-

575

-

575

Held-to-maturity securities

 

18

-

-

18

18

Loans and leases held for sale

 

86

-

-

86

86

Portfolio loans and leases:

 

 

 

 

 

 

Commercial and industrial loans

 

50,239

-

-

50,721

50,721

Commercial mortgage loans

 

10,740

-

-

10,626

10,626

Commercial construction loans

 

5,241

-

-

5,305

5,305

Commercial leases

 

3,475

-

-

3,243

3,243

Residential mortgage loans

 

16,416

-

-

17,472

17,472

Home equity

 

6,178

-

-

6,452

6,452

Indirect secured consumer loans

 

10,976

-

-

10,889

10,889

Credit card

 

2,311

-

-

2,532

2,532

Other consumer loans

 

2,620

-

-

2,777

2,777

Unallocated ALLL

 

(114)

-

-

-

-

Total portfolio loans and leases, net

$

108,082

-

-

110,017

110,017

Financial liabilities:

 

 

 

 

 

 

Deposits

$

125,347

-

125,342

-

125,342

Federal funds purchased

 

876

876

-

-

876

Other short-term borrowings

 

4,046

-

4,046

-

4,046

Long-term debt

 

14,474

14,644

779

-

15,423

 

 

Net Carrying

Fair Value Measurements Using

Total

As of December 31, 2018 ($ in millions)

 

Amount

Level 1

Level 2

Level 3

Fair Value

Financial assets:

 

 

 

 

 

 

Cash and due from banks

$

2,681

2,681

-

-

2,681

Other short-term investments

 

1,825

1,825

-

-

1,825

Other securities

 

552

-

552

-

552

Held-to-maturity securities

 

18

-

-

18

18

Loans and leases held for sale

 

63

-

-

63

63

Portfolio loans and leases:

 

 

 

 

 

 

Commercial and industrial loans

 

43,825

-

-

44,668

44,668

Commercial mortgage loans

 

6,894

-

-

6,851

6,851

Commercial construction loans

 

4,625

-

-

4,688

4,688

Commercial leases

 

3,582

-

-

3,180

3,180

Residential mortgage loans

 

15,244

-

-

15,688

15,688

Home equity

 

6,366

-

-

6,719

6,719

Indirect secured consumer loans

 

8,934

-

-

8,717

8,717

Credit card

 

2,314

-

-

2,759

2,759

Other consumer loans

 

2,309

-

-

2,428

2,428

Unallocated ALLL

 

(110)

-

-

-

-

Total portfolio loans and leases, net

$

93,983

-

-

95,698

95,698

Financial liabilities:

 

 

 

 

 

 

Deposits

$

108,835

-

108,782

-

108,782

Federal funds purchased

 

1,925

1,925

-

-

1,925

Other short-term borrowings

 

573

-

573

-

573

Long-term debt

 

14,426

14,287

445

-

14,732