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Loans and Leases (Tables)
 3 Months Ended
Mar. 31, 2021
Receivables [Abstract]  
Loans and Leases Classified by Primary Purpose
The following table provides a summary of commercial loans and leases classified by primary purpose and consumer loans classified based upon product or collateral as of:

($ in millions)		March 31,
2021		December 31,
2020
Loans and leases held for sale:
Commercial and industrial loans$71 230 
Commercial mortgage loans9 7 
Commercial leases— 39 
Residential mortgage loans5,397 4,465 
Total loans and leases held for sale$5,477 4,741 
Portfolio loans and leases:
Commercial and industrial loans(a)
$49,094 49,665 
Commercial mortgage loans10,481 10,602 
Commercial construction loans6,198 5,815 
Commercial leases3,255 2,915 
Total commercial loans and leases$69,028 68,997 
Residential mortgage loans(b)
$15,776 15,928 
Home equity4,815 5,183 
Indirect secured consumer loans14,336 13,653 
Credit card1,810 2,007 
Other consumer loans3,090 3,014 
Total consumer loans$39,827 39,785 
Total portfolio loans and leases$108,855 108,782 
(a)Includes $5.4 billion and $4.8 billion as of March 31, 2021 and December 31, 2020 , respectively, related to the SBA’s Paycheck Protection Program.
(b)Includes $37 and $39, as of March 31, 2021 and December 31, 2020, respectively, of residential mortgage loans previously sold to GNMA for which the Bancorp is deemed to have regained effective control over under ASC Topic 860, but did not exercise its option to repurchase. Refer to Note 14 for further information.
Total Loans and Leases Owned by the Bancorp
The following table presents a summary of the total loans and leases owned by the Bancorp as of:
Carrying Value90 Days Past Due
and Still Accruing

($ in millions)		March 31,
2021		December 31,
2020		March 31,
2021		December 31,
2020
Commercial and industrial loans$49,165 49,895 8 39 
Commercial mortgage loans10,490 10,609 7 8 
Commercial construction loans6,198 5,815 1 — 
Commercial leases3,255 2,954 — 1 
Residential mortgage loans21,173 20,393 73 70 
Home equity4,815 5,183 1 2 
Indirect secured consumer loans14,336 13,653 8 10 
Credit card1,810 2,007 25 31 
Other consumer loans3,090 3,014 1 2 
Total loans and leases$114,332 113,523 124 163 
Less: Loans and leases held for sale$5,477 4,741 
Total portfolio loans and leases$108,855 108,782 

The following table presents a summary of net charge-offs (recoveries):
For the three months ended
March 31,
($ in millions)20212020
Commercial and industrial loans$27 50 
Commercial mortgage loans2 2 
Commercial leases(1)5 
Residential mortgage loans— 1 
Home equity— 3 
Indirect secured consumer loans9 12 
Credit card25 36 
Other consumer loans9 13 
Total net charge-offs$71 122 
Investment in Lease Financing
The following table presents the components of the net investment in leases as of:
($ in millions)(a)
March 31,
2021		December 31, 2020
Net investment in direct financing leases:
Lease payment receivable (present value)$1,283 1,400 
Unguaranteed residual assets (present value)177 181 
Net discount on acquired leases— (1)
Net investment in sales-type leases:
Lease payment receivable (present value)1,431 976 
Unguaranteed residual assets (present value)43 36 
(a)Excludes $321 and $323 of leveraged leases at March 31, 2021 and December 31, 2020, respectively.
Sales-type and Direct Financing Leases, Lease Receivable, Maturity
The following table presents undiscounted cash flows for both direct financing and sales-type leases for the remainder of 2021 through 2026 and thereafter as well as a reconciliation of the undiscounted cash flows to the total lease receivables as follows:
As of March 31, 2021 ($ in millions)Direct Financing
Leases		Sales-Type Leases
Remainder of 2021$332 382 
2022360 426 
2023228 240 
2024162 174 
2025115 107 
202668 68 
Thereafter105 135 
Total undiscounted cash flows$1,370 1,532 
Less: Difference between undiscounted cash flows and discounted cash flows87 101 
Present value of lease payments (recognized as lease receivables)$1,283 1,431