v3.25.4
Fair Value of Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Carrying and Fair Value of Financial Instruments
The carrying values and fair values by fair value hierarchy of certain financial instruments where only a portion of the ending balance was carried at fair value at December 31, 2025 and 2024 are presented in the table below.
Fair Value of Financial Instruments
Fair Value
Carrying ValueLevel 2Level 3Total
(Dollars in millions)December 31, 2025
Financial assets
Loans
$1,149,093 $51,136 $1,085,303 $1,136,439 
Loans held-for-sale5,165 4,720 445 5,165 
Financial liabilities
Deposits (1)
2,018,729 2,020,072 — 2,020,072 
Long-term debt317,816 323,681 725 324,406 
Commercial unfunded lending commitments (2)
1,244 67 6,673 6,740 
December 31, 2024
Financial assets
Loans
$1,060,629 $50,971 $992,135 $1,043,106 
Loans held-for-sale9,545 6,707 2,838 9,545 
Financial liabilities
Deposits (1)
1,965,467 1,967,061 — 1,967,061 
Long-term debt283,279 287,098 652 287,750 
Commercial unfunded lending commitments (2)
1,240 55 3,639 3,694 
(1)    Includes demand deposits of $1.1 trillion and $892.9 billion with no stated maturities at December 31, 2025 and 2024.
(2)    The carrying value of commercial unfunded lending commitments is included in accrued expenses and other liabilities on the Consolidated Balance Sheet. The Corporation does not estimate the fair value of consumer unfunded lending commitments because, in many instances, the Corporation can reduce or cancel these commitments by providing notice to the borrower. For more information on commitments, see Note 12 – Commitments and Contingencies