Consolidated Statements of Financial Condition - USD ($)
$ in Millions |
Jun. 30, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
| Assets |
|
|
|
| Cash |
$ 64
|
$ 54
|
$ 47
|
| Interest-earning deposits |
120
|
154
|
89
|
| Total cash and cash equivalents |
184
|
208
|
136
|
| Investment securities available-for-sale |
1,145
|
1,294
|
1,672
|
| Investment securities held-to-maturity |
1,211
|
1,268
|
0
|
| Loans held-for-sale ($2,541 and $1,196 measured at fair value, respectively) |
3,091
|
2,576
|
1,244
|
| Loans with government guarantees |
|
485
|
1,128
|
| Loans held-for-investment ($111 and $211 measured at fair value, respectively) |
5,822
|
6,352
|
4,448
|
| Less: allowance for loan losses |
(150)
|
(187)
|
(297)
|
| Total loans held-for-investment, net |
6,107
|
6,650
|
5,279
|
| Mortgage servicing rights |
301
|
296
|
258
|
| Federal Home Loan Bank stock |
172
|
170
|
155
|
| Premises and equipment, net |
259
|
250
|
238
|
| Net deferred tax asset |
333
|
364
|
442
|
| Other assets |
920
|
639
|
416
|
| Total assets |
13,723
|
13,715
|
9,840
|
| Deposits |
|
|
|
| Noninterest bearing |
2,109
|
1,574
|
1,209
|
| Interest bearing |
6,462
|
6,361
|
5,860
|
| Total deposits |
8,571
|
7,935
|
7,069
|
| Short-term debt |
1,069
|
2,116
|
|
| Federal Home Loan Bank advances (includes both long-term and short-term) |
2,646
|
3,541
|
514
|
| Long-term debt ($0 and $84 measured at fair value, respectively) |
247
|
247
|
331
|
| Long-term Federal Home Loan Bank advances |
1,577
|
1,425
|
|
| Representation and warranty reserve |
36
|
40
|
53
|
| Other liabilities ($84 and $82 measured at fair value, respectively) |
624
|
423
|
500
|
| Total liabilities |
12,124
|
12,186
|
8,467
|
| Stockholders’ Equity |
|
|
|
| Preferred stock $0.01 par value, liquidation value $1,000 per share, 25,000,000 shares authorized; 266,657 issued and outstanding, respectively |
267
|
267
|
267
|
| Common stock $0.01 par value, 70,000,000 shares authorized; 56,483,258 and 56,332,307 shares issued and outstanding, respectively |
1
|
1
|
1
|
| Additional paid in capital |
1,491
|
1,486
|
1,482
|
| Accumulated other comprehensive income |
(19)
|
2
|
8
|
| Accumulated deficit |
(141)
|
(227)
|
(385)
|
| Total stockholders’ equity |
1,599
|
1,529
|
1,373
|
| Total liabilities and stockholders’ equity |
13,723
|
13,715
|
9,840
|
| Fixed Rate |
|
|
|
| Deposits |
|
|
|
| Federal Home Loan Bank advances (includes both long-term and short-term) |
$ 1,068
|
$ 2,116
|
$ 214
|