Loans and finance receivables are summarized as follows (in millions).


	March 31, 2024			December 31, 2023
Loans and finance receivables before allowances and discounts	$	27,082		$	26,289
Allowances for credit losses		(973	)		(950	)
Unamortized acquisition discounts and points		(674	)		(658	)
	$	25,435		$	24,681

Loans and finance receivables are principally manufactured home loans, and to a lesser extent, commercial loans and site-built home loans. Reconciliations of the allowance for credit losses on loans and finance receivables for the first quarter of 2024 and 2023 follow (in millions).


	First Quarter
	2024			2023
Balance at the beginning of the year	$	950		$	856
Provision for credit losses		39			37
Charge-offs, net of recoveries		(16	)		(17	)
Balance at March 31	$	973		$	876

As of March 31, 2024, substantially all manufactured and site-built home loans were evaluated collectively for impairment, and we considered approximately 97% of these loans to be current as to payment status. A summary of performing and non-performing home loans before discounts and allowances by year of loan origination as of March 31, 2024 follows (in millions).


	Origination Year
	2024		2023		2022		2021		2020		Prior		Total
Performing	$	1,971	$	5,432	$	3,892	$	3,258	$	2,523	$	8,980	$	26,056
Non-performing		2		10		13		16		12		60		113
	$	1,973	$	5,442	$	3,905	$	3,274	$	2,535	$	9,040	$	26,169

We are also a lender under commercial loan agreements. These loans had an aggregate carrying value of approximately $810 million at March 31, 2024 and $850 million at December 31, 2023. These loans are generally secured by real estate properties or by other assets and are individually evaluated for expected credit losses.