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Consolidated Statement of Income (USD $)
In Millions, except Share data in Thousands, unless otherwise specified |
12 Months Ended | ||
|---|---|---|---|
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Dec. 31, 2014
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Dec. 31, 2013
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Dec. 31, 2012
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| Interest income | |||
| Loans and leases | $ 34,307us-gaap_InterestAndFeeIncomeLoansAndLeases | $ 36,470us-gaap_InterestAndFeeIncomeLoansAndLeases | $ 38,880us-gaap_InterestAndFeeIncomeLoansAndLeases |
| Debt securities | 8,021us-gaap_InterestAndDividendIncomeSecurities | 9,749us-gaap_InterestAndDividendIncomeSecurities | 8,908us-gaap_InterestAndDividendIncomeSecurities |
| Federal funds sold and securities borrowed or purchased under agreements to resell | 1,039us-gaap_InterestIncomeFederalFundsSoldAndSecuritiesPurchasedUnderAgreementsToResell | 1,229us-gaap_InterestIncomeFederalFundsSoldAndSecuritiesPurchasedUnderAgreementsToResell | 1,502us-gaap_InterestIncomeFederalFundsSoldAndSecuritiesPurchasedUnderAgreementsToResell |
| Trading account assets | 4,561us-gaap_InterestAndDividendIncomeSecuritiesTradingOrMeasuredAtFairValue | 4,706us-gaap_InterestAndDividendIncomeSecuritiesTradingOrMeasuredAtFairValue | 5,094us-gaap_InterestAndDividendIncomeSecuritiesTradingOrMeasuredAtFairValue |
| Other interest income | 2,958us-gaap_OtherInterestAndDividendIncome | 2,866us-gaap_OtherInterestAndDividendIncome | 3,016us-gaap_OtherInterestAndDividendIncome |
| Total interest income | 50,886us-gaap_InterestAndDividendIncomeOperating | 55,020us-gaap_InterestAndDividendIncomeOperating | 57,400us-gaap_InterestAndDividendIncomeOperating |
| Interest expense | |||
| Deposits | 1,080us-gaap_InterestExpenseDeposits | 1,396us-gaap_InterestExpenseDeposits | 1,990us-gaap_InterestExpenseDeposits |
| Short-term borrowings | 2,578us-gaap_InterestExpenseShortTermBorrowings | 2,923us-gaap_InterestExpenseShortTermBorrowings | 3,572us-gaap_InterestExpenseShortTermBorrowings |
| Trading account liabilities | 1,576us-gaap_InterestExpenseTradingLiabilities | 1,638us-gaap_InterestExpenseTradingLiabilities | 1,763us-gaap_InterestExpenseTradingLiabilities |
| Long-term debt | 5,700us-gaap_InterestExpenseLongTermDebt | 6,798us-gaap_InterestExpenseLongTermDebt | 9,419us-gaap_InterestExpenseLongTermDebt |
| Total interest expense | 10,934us-gaap_InterestExpense | 12,755us-gaap_InterestExpense | 16,744us-gaap_InterestExpense |
| Net interest income | 39,952us-gaap_InterestIncomeExpenseNet | 42,265us-gaap_InterestIncomeExpenseNet | 40,656us-gaap_InterestIncomeExpenseNet |
| Noninterest income | |||
| Card income | 5,944us-gaap_FeesAndCommissionsCreditAndDebitCards | 5,826us-gaap_FeesAndCommissionsCreditAndDebitCards | 6,121us-gaap_FeesAndCommissionsCreditAndDebitCards |
| Service charges | 7,443us-gaap_FeesAndCommissionsDepositorAccounts | 7,390us-gaap_FeesAndCommissionsDepositorAccounts | 7,600us-gaap_FeesAndCommissionsDepositorAccounts |
| Investment and brokerage services | 13,284us-gaap_BrokerageCommissionsRevenue | 12,282us-gaap_BrokerageCommissionsRevenue | 11,393us-gaap_BrokerageCommissionsRevenue |
| Investment banking income | 6,065us-gaap_InvestmentBankingRevenue | 6,126us-gaap_InvestmentBankingRevenue | 5,299us-gaap_InvestmentBankingRevenue |
| Equity investment income | 1,130us-gaap_PrincipalInvestmentGainsLosses | 2,901us-gaap_PrincipalInvestmentGainsLosses | 2,070us-gaap_PrincipalInvestmentGainsLosses |
| Trading account profits | 6,309us-gaap_TradingGainsLosses | 7,056us-gaap_TradingGainsLosses | 5,870us-gaap_TradingGainsLosses |
| Mortgage banking income | 1,563us-gaap_FeesAndCommissionsMortgageBanking | 3,874us-gaap_FeesAndCommissionsMortgageBanking | 4,750us-gaap_FeesAndCommissionsMortgageBanking |
| Gains on sales of debt securities | 1,354us-gaap_MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments | 1,271us-gaap_MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments | 1,662us-gaap_MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments |
| Other income (loss) | 1,203us-gaap_NoninterestIncomeOtherOperatingIncome | (49)us-gaap_NoninterestIncomeOtherOperatingIncome | (2,087)us-gaap_NoninterestIncomeOtherOperatingIncome |
| Total noninterest income | 44,295us-gaap_NoninterestIncome | 46,677us-gaap_NoninterestIncome | 42,678us-gaap_NoninterestIncome |
| Total revenue, net of interest expense | 84,247us-gaap_Revenues | 88,942us-gaap_Revenues | 83,334us-gaap_Revenues |
| Provision for credit losses | 2,275us-gaap_ProvisionForLoanLeaseAndOtherLosses | 3,556us-gaap_ProvisionForLoanLeaseAndOtherLosses | 8,169us-gaap_ProvisionForLoanLeaseAndOtherLosses |
| Noninterest expense | |||
| Personnel | 33,787us-gaap_LaborAndRelatedExpense | 34,719us-gaap_LaborAndRelatedExpense | 35,648us-gaap_LaborAndRelatedExpense |
| Occupancy | 4,260us-gaap_OccupancyNet | 4,475us-gaap_OccupancyNet | 4,570us-gaap_OccupancyNet |
| Equipment | 2,125us-gaap_EquipmentExpense | 2,146us-gaap_EquipmentExpense | 2,269us-gaap_EquipmentExpense |
| Marketing | 1,829us-gaap_MarketingAndAdvertisingExpense | 1,834us-gaap_MarketingAndAdvertisingExpense | 1,873us-gaap_MarketingAndAdvertisingExpense |
| Professional fees | 2,472us-gaap_ProfessionalFees | 2,884us-gaap_ProfessionalFees | 3,574us-gaap_ProfessionalFees |
| Amortization of intangibles | 936us-gaap_AmortizationOfIntangibleAssets | 1,086us-gaap_AmortizationOfIntangibleAssets | 1,264us-gaap_AmortizationOfIntangibleAssets |
| Data processing | 3,144us-gaap_InformationTechnologyAndDataProcessing | 3,170us-gaap_InformationTechnologyAndDataProcessing | 2,961us-gaap_InformationTechnologyAndDataProcessing |
| Telecommunications | 1,259us-gaap_Communication | 1,593us-gaap_Communication | 1,660us-gaap_Communication |
| Other general operating | 25,305us-gaap_OtherNoninterestExpense | 17,307us-gaap_OtherNoninterestExpense | 18,274us-gaap_OtherNoninterestExpense |
| Total noninterest expense | 75,117us-gaap_NoninterestExpense | 69,214us-gaap_NoninterestExpense | 72,093us-gaap_NoninterestExpense |
| Income before income taxes | 6,855us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | 16,172us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | 3,072us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest |
| Income tax expense (benefit) | 2,022us-gaap_IncomeTaxExpenseBenefit | 4,741us-gaap_IncomeTaxExpenseBenefit | (1,116)us-gaap_IncomeTaxExpenseBenefit |
| Net income | 4,833us-gaap_NetIncomeLoss | 11,431us-gaap_NetIncomeLoss | 4,188us-gaap_NetIncomeLoss |
| Preferred stock dividends | 1,044us-gaap_PreferredStockDividendsIncomeStatementImpact | 1,349us-gaap_PreferredStockDividendsIncomeStatementImpact | 1,428us-gaap_PreferredStockDividendsIncomeStatementImpact |
| Net income applicable to common shareholders | $ 3,789us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic | $ 10,082us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic | $ 2,760us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic |
| Per common share information | |||
| Earnings (in dollars per share) | $ 0.36us-gaap_EarningsPerShareBasic | $ 0.94us-gaap_EarningsPerShareBasic | $ 0.26us-gaap_EarningsPerShareBasic |
| Diluted earnings (in dollars per share) | $ 0.36us-gaap_EarningsPerShareDiluted | $ 0.90us-gaap_EarningsPerShareDiluted | $ 0.25us-gaap_EarningsPerShareDiluted |
| Dividends paid (in dollars per share) | $ 0.12us-gaap_CommonStockDividendsPerShareCashPaid | $ 0.04us-gaap_CommonStockDividendsPerShareCashPaid | $ 0.04us-gaap_CommonStockDividendsPerShareCashPaid |
| Average common shares issued and outstanding (in thousands) | 10,527,818us-gaap_WeightedAverageNumberOfSharesOutstandingBasic | 10,731,165us-gaap_WeightedAverageNumberOfSharesOutstandingBasic | 10,746,028us-gaap_WeightedAverageNumberOfSharesOutstandingBasic |
| Average diluted common shares issued and outstanding (in thousands) | 10,584,535us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding | 11,491,418us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding | 10,840,854us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding |
| X | ||||||||||
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- Definition
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of commission revenue from buying and selling securities on behalf of customers. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate dividends paid during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of expense incurred in the period for communication, which is the exchange of information by several methods. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This element represents equipment expense including depreciation, repairs, rentals, and service contract costs. This item also includes equipment purchases which do not qualify for capitalization in accordance with the entity's accounting policy. This item may also include furniture expenses. No definition available.
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| X | ||||||||||
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- Definition
Amount of income earned from credit card services (including late, over limit, and annual fees) and debit card services (including interchange fees, annual fees and other fees). Excludes interest income earned on credit card balances and transactions. No definition available.
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| X | ||||||||||
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- Definition
Includes amounts charged depositors for: (1) maintenance of their accounts (maintenance charges); (2) failure to maintain specified minimum balances on account; (3) exceeding the number of checks or transactions allowed to be processed in a given period; (4) checks drawn on no minimum balance deposit accounts; (5) withdrawals from nontransaction deposit accounts; (6) closing savings accounts before a specified minimum period of time has elapsed; (7) accounts which have remained inactive for extended periods of time or which have become dormant; (8) use of automated teller machines or remote service units; (9) checks drawn against insufficient funds that the bank assesses regardless of whether it decides to pay, return or hold the check; (10) issuing stop payment orders; (11) certifying checks; and (12) accumulating or disbursing funds deposited in IRAs or Keogh Plan accounts when not handled by the bank's trust department. This item does not include penalties assessed on the early withdrawal of time deposits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The noninterest income derived from mortgage banking activities (fees and commissions), excluding fees earned from servicing third-party assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of expenses incurred in the period for information technology and data processing products and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Represents the total of interest and dividend income, including any amortization and accretion (as applicable) of discounts and premiums, earned from (1) loans and leases whether held-for-sale or held-in-portfolio; (2) investment securities; (3) federal funds sold; (4) securities purchased under agreements to resell; (5) investments in banker's acceptances, commercial paper, or certificates of deposit; (6) dividend income; or (7) other investments not otherwise specified herein. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Amount of operating dividend and interest income, including amortization and accretion of premiums and discounts, on securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of operating dividend and interest income, including amortization and accretion of premiums and discounts, on trading securities and other forms of securities that provide ownership interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate interest and fee income generated by: (1) loans the Entity has positive intent and ability to hold for the foreseeable future, or until maturity or payoff, including commercial and consumer loans, whether domestic or foreign, which may consist of: (a) industrial and agricultural; (b) real estate; and (c) real estate construction loans; (d) trade financing; (e) lease financing; (f) home equity lines-of-credit; (g) automobile and other vehicle loans; and (h) credit card and other revolving-type loans and (2) loans and leases held-for-sale which may include mortgage loans, direct financing, and sales-type leases. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Aggregate amount of interest expense on all deposits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Aggregate amount of interest paid or due on all long-term debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate interest expense incurred on short-term borrowings including commercial paper and Federal funds purchased and securities sold under agreements to repurchase. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Interest expense incurred on short positions arising from sales of securities and other assets, which the entity does not own, to other parties. Trading liabilities includes the fair value of derivative contracts held for trading that are in loss positions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net amount of operating interest income (expense). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate interest income earned from (1) the lending of excess federal funds to another commercial bank requiring such for its legal reserve requirements and (2) securities purchased under agreements to resell. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Includes (1) underwriting revenue (the spread between the resale price received and the cost of the securities and related expenses) generated through the purchasing, distributing and reselling of new issues of securities (alternatively, could be a secondary offering of a large block of previously issued securities); and (2) fees earned for mergers, acquisitions, divestitures, restructurings, and other types of financial advisory services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate amount of expenditures for salaries, wages, profit sharing and incentive compensation, and other employee benefits, including equity-based compensation, and pension and other postretirement benefit expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This item represents the total realized gain (loss) included in earnings for the period as a result of selling marketable securities categorized as trading, available-for-sale, or held-to-maturity. No definition available.
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| X | ||||||||||
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- Definition
The total expense recognized in the period for promotion, public relations, and brand or product advertising. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Total aggregate amount of all noninterest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
The total amount of noninterest income which may be derived from: (1) fees and commissions; (2) premiums earned; (3) insurance policy charges; (4) the sale or disposal of assets; and (5) other sources not otherwise specified. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Represents other forms of revenue earned, excluding interest, which is not otherwise specified in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of net occupancy expense that may include items, such as depreciation of facilities and equipment, lease expenses, property taxes and property and casualty insurance expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Includes all other interest income, net of discount accretion and premium amortization, and dividend income. It may include dividend income from equity securities that do not have readily determinable fair values that are reportable in Other Assets, and interest income on interest-only strips receivable (not in the form of a security) that are included in Other Assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Other noninterest expenses that are not separately presented in any other noninterest expense category. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders. No definition available.
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| X | ||||||||||
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- Definition
Amount of realized and unrealized gain (loss), from the firm's direct investment activity, conducted separately from customer trading activities, and includes, but is not limited to, investments in private equity, alternative investment products, real estate, and exchanges and memberships. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of expense related loan transactions, lease transactions, credit loss from transactions other than loan and lease transactions, and other loss based on assessment of uncollectability from the counterparty to reduce the account to their net realizable value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of gain (loss) resulting from the difference between the acquisition price and the selling price or fair value of trading assets and trading liabilities, conducted separately from customer trading activities. Includes, but is not limited to, changes in fair value of trading assets and trading liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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