Allowance for Credit Losses (Tables)

3 Months Ended

Mar. 31, 2023

Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]

Rollforward Of The Allowance For Loan Losses By Portfolio Segment

The following table provides a rollforward of the ALLL and the reserve for unfunded lending commitments by portfolio type for the three months ended March 31, 2023 and 2022:

ROLLFORWARD OF ALLL & RESERVE FOR UNFUNDED LENDING COMMITMENTS
(Dollars in millions)	Commercial, Financial, and Industrial (a)		Commercial Real Estate		Consumer Real Estate		Credit Card and Other		Total
Allowance for loan and lease losses:
Balance as of January 1, 2023	$	308	$	146	$	200	$	31	$	685
Adoption of ASU 2022-02	1		—		(7)		—		(6)
Charge-offs	(14)		(2)		(1)		(5)		(22)
Recoveries	3		—		2		1		6
Provision for loan and lease losses	27		6		15		4		52
Balance as of March 31, 2023	$	325	$	150	$	209	$	31	$	715
Reserve for remaining unfunded commitments:
Balance as of January 1, 2023	55		22		10		—		87
Provision for remaining unfunded commitments	(2)		(1)		1		—		(2)
Balance as of March 31, 2023	53		21		11		—		85
Allowance for credit losses as of March 31, 2023	$	378	$	171	$	220	$	31	$	800
Allowance for loan and lease losses:
Balance as of January 1, 2022	$	334	$	154	$	163	$	19	$	670
Charge-offs	(13)		—		(1)		(5)		(19)
Recoveries	3		—		5		1		9
Provision for loan and lease losses	(37)		(3)		(3)		5		(38)
Balance as of March 31, 2022	$	287	$	151	$	164	$	20	$	622
Reserve for remaining unfunded commitments:
Balance as of January 1, 2022	$	46	$	12	$	8	$	—	$	66
Provision for remaining unfunded commitments	(3)		—		1		—		(2)
Balance as of March 31, 2022	43		12		9		—		64
Allowance for credit losses as of March 31, 2022	$	330	$	163	$	173	$	20	$	686

(a) C&I loans as of March 31, 2023 and 2022 include $53 million and $642 million in PPP loans, respectively, which due to the government guarantee and forgiveness provisions are considered to have no credit risk and therefore have no allowance for loan and lease losses.

Schedule Of Gross Charge Offs by Year of Origination

The table below presents gross charge-offs by year of origination as of March 31, 2023:

GROSS CHARGE-OFFS
(Dollars in millions)	2023		2022		2021		2020		2019		Prior to 2019		Revolving Loans		Total
C&I	$	—	$	5	$	—	$	1	$	—	$	6	$	2	$	14
CRE	—		—		—		—		2		—		—		2
Consumer Real Estate	—		—		—		—		—		1		—		1
Credit Card and Other	—		—		—		—		—		3		2		5
Total	$	—	$	5	$	—	$	1	$	2	$	10	$	4	$	22