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Outstanding Loans and Leases and Allowance for Credit Losses
 6 Months Ended
Jun. 30, 2023
Receivables [Abstract]  
Outstanding Loans and Leases and Allowance for Credit Losses Outstanding Loans and Leases and Allowance for Credit Losses
The following tables present total outstanding loans and leases and an aging analysis for the Consumer Real Estate, Credit Card and Other Consumer, and Commercial portfolio segments, by class of financing receivables, at June 30, 2023 and December 31, 2022.
30-59 Days
 Past Due (1)
60-89 Days
 Past Due (1)
90 Days or
More
Past Due (1)
Total Past
Due 30 Days
or More
Total
 Current or
 Less Than
 30 Days
 Past Due (1)
Loans
 Accounted
 for Under
 the Fair
 Value
 Option		Total
Outstandings
(Dollars in millions)June 30, 2023
Consumer real estate      
Residential mortgage$1,120 $278 $804 $2,202 $226,713 $228,915 
Home equity90 40 179 309 25,227 25,536 
Credit card and other consumer
Credit card547 368 896 1,811 95,198 97,009 
Direct/Indirect consumer (2)
228 61 63 352 104,060 104,412 
Other consumer— — — — 132 132 
Total consumer1,985 747 1,942 4,674 451,330 456,004 
Consumer loans accounted for under the fair value option (3)
$266 266 
Total consumer loans and leases1,985 747 1,942 4,674 451,330 266 456,270 
Commercial
U.S. commercial744 150 275 1,169 359,627 360,796 
Non-U.S. commercial73 15 75 163 123,355 123,518 
Commercial real estate (4)
128 73 173 374 73,916 74,290 
Commercial lease financing16 6 5 27 13,466 13,493 
U.S. small business commercial (5)
133 74 201 408 18,388 18,796 
Total commercial1,094 318 729 2,141 588,752 590,893 
Commercial loans accounted for under the fair value option (3)
4,061 4,061 
Total commercial loans and leases1,094 318 729 2,141 588,752 4,061 594,954 
Total loans and leases (6)
$3,079 $1,065 $2,671 $6,815 $1,040,082 $4,327 $1,051,224 
Percentage of outstandings 0.29 %0.10 %0.26 %0.65 %98.94 %0.41 %100.00 %
(1)Consumer real estate loans 30-59 days past due includes fully-insured loans of $166 million and nonperforming loans of $192 million. Consumer real estate loans 60-89 days past due includes fully-insured loans of $70 million and nonperforming loans of $109 million. Consumer real estate loans 90 days or more past due includes fully-insured loans of $288 million and nonperforming loans of $695 million. Consumer real estate loans current or less than 30 days past due includes $1.6 billion, and direct/indirect consumer includes $31 million of nonperforming loans.
(2)Total outstandings primarily includes auto and specialty lending loans and leases of $53.3 billion, U.S. securities-based lending loans of $47.3 billion and non-U.S. consumer loans of $2.9 billion.
(3)Consumer loans accounted for under the fair value option includes residential mortgage loans of $69 million and home equity loans of $197 million. Commercial loans accounted for under the fair value option includes U.S. commercial loans of $2.3 billion and non-U.S. commercial loans of $1.8 billion. For more information, see Note 14 – Fair Value Measurements and Note 15 – Fair Value Option.
(4)Total outstandings includes U.S. commercial real estate loans of $68.1 billion and non-U.S. commercial real estate loans of $6.2 billion.
(5)Includes Paycheck Protection Program loans.
(6)Total outstandings includes loans and leases pledged as collateral of $25.6 billion. The Corporation also pledged $253.5 billion of loans with no related outstanding borrowings to secure potential borrowing capacity with the Federal Reserve Bank and Federal Home Loan Bank.
30-59 Days
Past Due (1)
60-89 Days
 Past Due (1)
90 Days or
More
Past Due (1)
Total Past
Due 30 Days
or More
Total
Current or
Less Than
30 Days
Past Due (1)
Loans
Accounted
for Under
the Fair
Value Option		Total Outstandings
(Dollars in millions)December 31, 2022
Consumer real estate      
Residential mortgage$1,077 $245 $945 $2,267 $227,403 $229,670 
Home equity88 32 211 331 26,232 26,563 
Credit card and other consumer     
Credit card466 322 717 1,505 91,916  93,421 
Direct/Indirect consumer (2)
204 59 45 308 105,928  106,236 
Other consumer — — — — 156  156 
Total consumer1,835 658 1,918 4,411 451,635 456,046 
Consumer loans accounted for under the fair value option (3)
$339 339 
Total consumer loans and leases1,835 658 1,918 4,411 451,635 339 456,385 
Commercial       
U.S. commercial827 288 330 1,445 357,036  358,481 
Non-U.S. commercial317 59 144 520 123,959  124,479 
Commercial real estate (4)
409 81 77 567 69,199  69,766 
Commercial lease financing49 9 11 69 13,575  13,644 
U.S. small business commercial (5)
107 63 356 526 17,034  17,560 
Total commercial1,709 500 918 3,127 580,803  583,930 
Commercial loans accounted for under the fair value option (3)
5,432 5,432 
Total commercial loans and leases
1,709 500 918 3,127 580,803 5,432 589,362 
Total loans and leases (6)
$3,544 $1,158 $2,836 $7,538 $1,032,438 $5,771 $1,045,747 
Percentage of outstandings 0.34 %0.11 %0.27 %0.72 %98.73 %0.55 %100.00 %
(1)Consumer real estate loans 30-59 days past due includes fully-insured loans of $184 million and nonperforming loans of $155 million. Consumer real estate loans 60-89 days past due includes fully-insured loans of $75 million and nonperforming loans of $88 million. Consumer real estate loans 90 days or more past due includes fully-insured loans of $368 million and nonperforming loans of $788 million. Consumer real estate loans current or less than 30 days past due includes $1.6 billion, and direct/indirect consumer includes $27 million of nonperforming loans.
(2)Total outstandings primarily includes auto and specialty lending loans and leases of $51.8 billion, U.S. securities-based lending loans of $50.4 billion and non-U.S. consumer loans of $3.0 billion.
(3)Consumer loans accounted for under the fair value option includes residential mortgage loans of $71 million and home equity loans of $268 million. Commercial loans accounted for under the fair value option includes U.S. commercial loans of $2.9 billion and non-U.S. commercial loans of $2.5 billion. For more information, see Note 14 – Fair Value Measurements and Note 15 – Fair Value Option.
(4)Total outstandings includes U.S. commercial real estate loans of $64.9 billion and non-U.S. commercial real estate loans of $4.8 billion.
(5)Includes Paycheck Protection Program loans.
(6)Total outstandings includes loans and leases pledged as collateral of $18.5 billion. The Corporation also pledged $163.6 billion of loans with no related outstanding borrowings to secure potential borrowing capacity with the Federal Reserve Bank and Federal Home Loan Bank.
The Corporation has entered into long-term credit protection agreements with FNMA and FHLMC on loans totaling $9.1 billion and $9.5 billion at June 30, 2023 and December 31, 2022, providing full credit protection on residential mortgage loans that become severely delinquent. All of these loans are individually insured, and therefore the Corporation does not record an allowance for credit losses related to these loans.
Nonperforming Loans and Leases
Commercial nonperforming loans increased to $1.4 billion at June 30, 2023 from $1.1 billion at December 31, 2022, driven by the commercial real estate office property type. Consumer
nonperforming loans decreased to $2.7 billion at June 30, 2023 from $2.8 billion at December 31, 2022.
The following table presents the Corporation’s nonperforming loans and leases and loans accruing past due 90 days or more at June 30, 2023 and December 31, 2022. Nonperforming LHFS are excluded from nonperforming loans and leases as they are recorded at either fair value or the lower of cost or fair value. For more information on the criteria for classification as nonperforming, see Note 1 – Summary of Significant Accounting Principles to the Consolidated Financial Statements of the Corporation’s 2022 Annual Report on Form 10-K.
Credit Quality
Nonperforming Loans
and Leases		Accruing Past Due
90 Days or More
(Dollars in millions)June 30
2023		December 31
2022		June 30
2023		December 31
2022
Residential mortgage (1)
$2,140 $2,167 $288 $368 
With no related allowance (2)
1,958 1,973 — — 
Home equity (1)
482 510 — — 
With no related allowance (2)
400 393 — — 
Credit Card                     n/a                    n/a896 717 
Direct/indirect consumer107 77 1 2 
Total consumer2,729 2,754 1,185 1,087 
U.S. commercial476 553 132 190 
Non-U.S. commercial84 212 13 25 
Commercial real estate816 271 7 46 
Commercial lease financing6 4 2 8 
U.S. small business commercial15 14 201 355 
Total commercial1,397 1,054 355 624 
Total nonperforming loans$4,126 $3,808 $1,540 $1,711 
Percentage of outstanding loans and leases
0.39 %0.37 %0.15 %0.16 %
(1)Residential mortgage loans accruing past due 90 days or more are fully-insured loans. At June 30, 2023 and December 31, 2022 residential mortgage included $198 million and $260 million of loans on which interest had been curtailed by the Federal Housing Administration (FHA), and therefore were no longer accruing interest, although principal was still insured, and $90 million and $108 million of loans on which interest was still accruing.
(2)Primarily relates to loans for which the estimated fair value of the underlying collateral less any costs to sell is greater than the amortized cost of the loans as of the reporting date.
n/a = not applicable
Credit Quality Indicators
The Corporation monitors credit quality within its Consumer Real Estate, Credit Card and Other Consumer, and Commercial portfolio segments based on primary credit quality indicators. For more information on the portfolio segments, see Note 1 – Summary of Significant Accounting Principles to the Consolidated Financial Statements of the Corporation’s 2022 Annual Report on Form 10-K. Within the Consumer Real Estate portfolio segment, the primary credit quality indicators are refreshed loan-to-value (LTV) and refreshed Fair Isaac Corporation (FICO) score. Refreshed LTV measures the carrying value of the loan as a percentage of the value of the property securing the loan, refreshed quarterly. Home equity loans are evaluated using combined loan-to-value (CLTV), which measures the carrying value of the Corporation’s loan and available line of credit combined with any outstanding senior liens against the property as a percentage of the value of the property securing the loan, refreshed quarterly. FICO score measures the creditworthiness of the borrower based on the financial obligations of the borrower and the borrower’s credit history. FICO scores are typically refreshed quarterly or more frequently. Certain borrowers (e.g., borrowers that have had debts discharged in a
bankruptcy proceeding) may not have their FICO scores updated. FICO scores are also a primary credit quality indicator for the Credit Card and Other Consumer portfolio segment and the business card portfolio within U.S. small business commercial. Within the Commercial portfolio segment, loans are evaluated using the internal classifications of pass rated or reservable criticized as the primary credit quality indicators. The term reservable criticized refers to those commercial loans that are internally classified or listed by the Corporation as Special Mention, Substandard or Doubtful, which are asset quality categories defined by regulatory authorities. These assets have an elevated level of risk and may have a high probability of default or total loss. Pass rated refers to all loans not considered reservable criticized. In addition to these primary credit quality indicators, the Corporation uses other credit quality indicators for certain types of loans.
The following tables present certain credit quality indicators and gross charge-offs for the Corporation's Consumer Real Estate, Credit Card and Other Consumer, and Commercial portfolio segments by year of origination, except for revolving loans and revolving loans that were modified into term loans, which are shown on an aggregate basis at June 30, 2023.
Residential Mortgage – Credit Quality Indicators By Vintage
Term Loans by Origination Year
(Dollars in millions)Total as of
June 30,
 2023		20232022202120202019Prior
Residential Mortgage
Refreshed LTV
   
Less than or equal to 90 percent$213,891 $7,727 $37,772 $79,232 $35,641 $18,151 $35,368 
Greater than 90 percent but less than or equal to 100 percent
2,765 455 1,656 522 78 17 37 
Greater than 100 percent
1,089 202 596 190 39 16 46 
Fully-insured loans
11,170 185 437 3,528 2,955 896 3,169 
Total Residential Mortgage$228,915 $8,569 $40,461 $83,472 $38,713 $19,080 $38,620 
Residential Mortgage
Refreshed FICO score
Less than 620$2,114 $53 $398 $510 $362 $110 $681 
Greater than or equal to 620 and less than 680
4,730 188 957 1,240 764 317 1,264 
Greater than or equal to 680 and less than 740
23,609 796 5,132 7,273 3,892 1,974 4,542 
Greater than or equal to 740
187,292 7,347 33,537 70,921 30,740 15,783 28,964 
Fully-insured loans
11,170 185 437 3,528 2,955 896 3,169 
Total Residential Mortgage$228,915 $8,569 $40,461 $83,472 $38,713 $19,080 $38,620 
Gross charge-offs for the six months ended June 30, 2023$18 $— $3 $4 $2 $— $9 
Home Equity - Credit Quality Indicators
Total
Home Equity Loans and Reverse Mortgages (1)
Revolving LoansRevolving Loans Converted to Term Loans
(Dollars in millions)June 30, 2023
Home Equity
Refreshed LTV
   
Less than or equal to 90 percent$25,360 $1,163 $19,658 $4,539 
Greater than 90 percent but less than or equal to 100 percent
76 17 45 14 
Greater than 100 percent
100 37 36 27 
Total Home Equity$25,536 $1,217 $19,739 $4,580 
Home Equity
Refreshed FICO score
Less than 620$635 $138 $204 $293 
Greater than or equal to 620 and less than 680
1,105 133 516 456 
Greater than or equal to 680 and less than 740
4,182 273 2,810 1,099 
Greater than or equal to 740
19,614 673 16,209 2,732 
Total Home Equity$25,536 $1,217 $19,739 $4,580 
Gross charge-offs for the six months ended June 30, 2023$11 $1 $5 $5 
(1)Includes reverse mortgages of $834 million and home equity loans of $383 million, which are no longer originated.
Credit Card and Direct/Indirect Consumer – Credit Quality Indicators By Vintage
Direct/Indirect
Term Loans by Origination YearCredit Card
(Dollars in millions)Total Direct/
Indirect as of June 30,
2023		Revolving Loans20232022202120202019PriorTotal Credit Card as of June 30,
2023		Revolving Loans
Revolving Loans Converted to Term Loans (1)
Refreshed FICO score  
Less than 620$996 $11 $87 $346 $320 $101 $66 $65 $4,445 $4,207 $238 
Greater than or equal to 620 and less than 6802,459 11 506 930 617 185 103 107 11,008 10,781 227 
Greater than or equal to 680 and less than 740
8,701 48 2,044 3,166 2,085 668 354 336 33,158 32,957 201 
Greater than or equal to 74041,303 75 9,426 14,020 9,572 4,044 2,110 2,056 48,398 48,350 48 
Other internal credit
   metrics (2,3)
50,953 50,209 76 213 167 54 58 176 — — — 
Total credit card and other
   consumer		$104,412 $50,354 $12,139 $18,675 $12,761 $5,052 $2,691 $2,740 $97,009 $96,295 $714 
Gross charge-offs for the six
   months ended June 30, 2023		$96 $2 $4 $41 $24 $8 $5 $12 $1,406 $1,359 $47 
(1)Represents loans that were modified into term loans.
(2)Other internal credit metrics may include delinquency status, geography or other factors.
(3)Direct/indirect consumer includes $50.2 billion of securities-based lending, which is typically supported by highly liquid collateral with market value greater than or equal to the outstanding loan balance and therefore has minimal credit risk at June 30, 2023.
Commercial – Credit Quality Indicators By Vintage (1)
Term Loans
Amortized Cost Basis by Origination Year
(Dollars in millions)Total as of
June 30,
2023		20232022202120202019PriorRevolving Loans
U.S. Commercial
Risk ratings    
Pass rated$349,832 $20,818 $51,623 $31,412 $15,530 $13,882 $34,328 $182,239 
Reservable criticized10,964 100 784 748 494 699 1,768 6,371 
Total U.S. Commercial
$360,796 $20,918 $52,407 $32,160 $16,024 $14,581 $36,096 $188,610 
Gross charge-offs for the six months ended
   June 30, 2023		$81 $1 $7 $20 $— $1 $5 $47 
Non-U.S. Commercial
Risk ratings
Pass rated$121,523 $8,681 $18,591 $17,621 $3,250 $3,326 $6,455 $63,599 
Reservable criticized1,995 — 147 214 231 247 155 1,001 
Total Non-U.S. Commercial
$123,518 $8,681 $18,738 $17,835 $3,481 $3,573 $6,610 $64,600 
Gross charge-offs for the six months ended
   June 30, 2023		$31 $— $— $8 $7 $1 $— $15 
Commercial Real Estate
Risk ratings
Pass rated$67,398 $2,967 $16,461 $13,291 $4,701 $8,125 $11,711 $10,142 
Reservable criticized6,892 65 334 884 556 2,047 2,619 387 
Total Commercial Real Estate
$74,290 $3,032 $16,795 $14,175 $5,257 $10,172 $14,330 $10,529 
Gross charge-offs for the six months ended
   June 30, 2023		$95 $2 $— $— $— $32 $61 $— 
Commercial Lease Financing
Risk ratings
Pass rated$13,285 $1,583 $3,183 $2,462 $1,561 $1,342 $3,154 $— 
Reservable criticized208 2 21 40 23 34 88 — 
Total Commercial Lease Financing
$13,493 $1,585 $3,204 $2,502 $1,584 $1,376 $3,242 $— 
Gross charge-offs for the six months ended
   June 30, 2023		$— $— $— $— $— $— $— $— 
U.S. Small Business Commercial (2)
Risk ratings
Pass rated$8,711 $936 $1,872 $1,734 $1,050 $833 $2,162 $124 
Reservable criticized369 1 40 67 47 70 141 3 
Total U.S. Small Business Commercial
$9,080 $937 $1,912 $1,801 $1,097 $903 $2,303 $127 
Gross charge-offs for the six months ended
   June 30, 2023		$20 $— $1 $1 $10 $2 $3 $3 
Total$581,177 $35,153 $93,056 $68,473 $27,443 $30,605 $62,581 $263,866 
Total gross charge-offs for the six months ended
    June 30, 2023		$227 $3 $8 $29 $17 $36 $69 $65 
(1)Excludes $4.1 billion of loans accounted for under the fair value option at June 30, 2023.
(2)Excludes U.S. Small Business Card loans of $9.7 billion. Refreshed FICO scores for this portfolio are $407 million for less than 620; $1.0 billion for greater than or equal to 620 and less than 680; $2.7 billion for greater than or equal to 680 and less than 740; and $5.6 billion greater than or equal to 740. Excludes U.S. Small Business Card loans gross charge-offs of $139 million.
The following tables present certain credit quality indicators for the Corporation's Consumer Real Estate, Credit Card and Other Consumer, and Commercial portfolio segments by year of origination, except for revolving loans and revolving loans that were modified into term loans, which are shown on an aggregate basis at December 31, 2022.
Residential Mortgage – Credit Quality Indicators By Vintage
Term Loans by Origination Year
(Dollars in millions)Total as of
 December 31,
 2022		20222021202020192018Prior
Residential Mortgage
Refreshed LTV
Less than or equal to 90 percent$215,713 $39,625 $81,437 $37,228 $18,980 $5,734 $32,709 
Greater than 90 percent but less than or equal to 100 percent
1,615 950 530 93 15 8 19 
Greater than 100 percent
648 374 169 43 15 8 39 
Fully-insured loans
11,694 580 3,667 3,102 949 156 3,240 
Total Residential Mortgage$229,670 $41,529 $85,803 $40,466 $19,959 $5,906 $36,007 
Residential Mortgage
Refreshed FICO score
Less than 620$2,156 $377 $518 $373 $124 $84 $680 
Greater than or equal to 620 and less than 680
4,978 1,011 1,382 840 329 233 1,183 
Greater than or equal to 680 and less than 740
25,444 5,411 8,290 4,369 2,187 830 4,357 
Greater than or equal to 740185,398 34,150 71,946 31,782 16,370 4,603 26,547 
Fully-insured loans
11,694 580 3,667 3,102 949 156 3,240 
Total Residential Mortgage$229,670 $41,529 $85,803 $40,466 $19,959 $5,906 $36,007 
Gross charge-offs for the year ended December 31, 2022$161 $— $6 $5 $6 $1 $143 
Home Equity - Credit Quality Indicators
Total
Home Equity Loans and Reverse Mortgages (1)
Revolving LoansRevolving Loans Converted to Term Loans
(Dollars in millions)December 31, 2022
Home Equity
Refreshed LTV
Less than or equal to 90 percent$26,395 $1,304 $19,960 $5,131 
Greater than 90 percent but less than or equal to 100 percent
62 20 24 18 
Greater than 100 percent
106 37 35 34 
Total Home Equity$26,563 $1,361 $20,019 $5,183 
Home Equity
Refreshed FICO score
Less than 620$683 $166 $189 $328 
Greater than or equal to 620 and less than 680
1,190 152 507 531 
Greater than or equal to 680 and less than 740
4,321 312 2,747 1,262 
Greater than or equal to 740
20,369 731 16,576 3,062 
Total Home Equity$26,563 $1,361 $20,019 $5,183 
Gross charge-offs for the year ended December 31, 2022$45 $5 $24 $16 
(1)Includes reverse mortgages of $937 million and home equity loans of $424 million, which are no longer originated.
Credit Card and Direct/Indirect Consumer – Credit Quality Indicators By Vintage
Direct/Indirect
Term Loans by Origination YearCredit Card
(Dollars in millions)Total Direct/Indirect as of December 31, 2022Revolving Loans20222021202020192018PriorTotal Credit Card as of December 31, 2022Revolving Loans
Revolving Loans Converted to Term Loans (1)
Refreshed FICO score
Less than 620$847 $12 $237 $301 $113 $84 $43 $57 $4,056 $3,866 $190 
Greater than or equal to 620 and less than 680
2,521 12 1,108 816 269 150 69 97 10,994 10,805 189 
Greater than or equal to 680 and less than 740
8,895 52 4,091 2,730 992 520 214 296 32,186 32,017 169 
Greater than or equal to 74039,679 83 16,663 11,392 5,630 2,992 1,236 1,683 46,185 46,142 43 
Other internal credit
   metrics (2, 3)
54,294 53,404 259 305 70 57 40 159 — — — 
Total credit card and other
   consumer		$106,236 $53,563 $22,358 $15,544 $7,074 $3,803 $1,602 $2,292 $93,421 $92,830 $591 
Gross charge-offs for the year
   ended December 31, 2022		$232 $7 $31 $79 $34 $27 $14 $40 $1,985 $1,909 $76 
(1)Represents TDRs that were modified into term loans.
(2)Other internal credit metrics may include delinquency status, geography or other factors.
(3)Direct/indirect consumer includes $53.4 billion of securities-based lending, which is typically supported by highly liquid collateral with market value greater than or equal to the outstanding loan balance and therefore has minimal credit risk at December 31, 2022.
Commercial – Credit Quality Indicators By Vintage (1)
Term Loans
Amortized Cost Basis by Origination Year
(Dollars in millions)Total as of December 31, 202220222021202020192018PriorRevolving Loans
U.S. Commercial
Risk ratings    
Pass rated$348,447 $61,200 $39,717 $18,609 $16,566 $8,749 $30,282 $173,324 
Reservable criticized10,034 278 794 697 884 1,202 856 5,323 
Total U.S. Commercial
$358,481 $61,478 $40,511 $19,306 $17,450 $9,951 $31,138 $178,647 
Gross charge-offs for the year ended
   December 31, 2022		$151 $2 $24 $24 $9 $6 $13 $73 
Non-U.S. Commercial
Risk ratings
Pass rated$121,890 $24,839 $19,098 $5,183 $3,882 $2,423 $4,697 $61,768 
Reservable criticized2,589 45 395 331 325 98 475 920 
Total Non-U.S. Commercial
$124,479 $24,884 $19,493 $5,514 $4,207 $2,521 $5,172 $62,688 
Gross charge-offs for the year ended
   December 31, 2022		$41 $— $3 $1 $— $37 $— $— 
Commercial Real Estate
Risk ratings
Pass rated$64,619 $15,290 $13,089 $5,756 $9,013 $4,384 $8,606 $8,481 
Reservable criticized5,147 11 837 545 1,501 1,151 1,017 85 
Total Commercial Real Estate
$69,766 $15,301 $13,926 $6,301 $10,514 $5,535 $9,623 $8,566 
Gross charge-offs for the year ended
   December 31, 2022		$75 $— $— $6 $— $26 $43 $— 
Commercial Lease Financing
Risk ratings
Pass rated$13,404 $3,255 $2,757 $1,955 $1,578 $1,301 $2,558 $— 
Reservable criticized240 9 35 12 71 50 63 — 
Total Commercial Lease Financing
$13,644 $3,264 $2,792 $1,967 $1,649 $1,351 $2,621 $— 
Gross charge-offs for the year ended
   December 31, 2022		$8 $— $4 $— $4 $— $— $— 
U.S. Small Business Commercial (2)
Risk ratings
Pass rated$8,726 $1,825 $1,953 $1,408 $864 $624 $1,925 $127 
Reservable criticized329 11 35 48 76 51 105 3 
Total U.S. Small Business Commercial
$9,055 $1,836 $1,988 $1,456 $940 $675 $2,030 $130 
Gross charge-offs for the year ended
   December 31, 2022		$31 $— $1 $11 $4 $1 $6 $8 
 Total $575,425 $106,763 $78,710 $34,544 $34,760 $20,033 $50,584 $250,031 
Total gross charge-offs for the year ended
   December 31, 2022		$306 $2 $32 $42 $17 $70 $62 $81 
(1) Excludes $5.4 billion of loans accounted for under the fair value option at December 31, 2022.
(2) Excludes U.S. Small Business Card loans of $8.5 billion. Refreshed FICO scores for this portfolio are $297 million for less than 620; $859 million for greater than or equal to 620 and less than 680; $2.4 billion for greater than or equal to 680 and less than 740; and $5.0 billion greater than or equal to 740. Excludes U.S. Small Business Card loans gross charge-offs of $172 million.
During the six months ended June 30, 2023, commercial reservable criticized utilized exposure increased to $21.5 billion at June 30, 2023 from $19.3 billion (to 3.44 percent from 3.12 percent of total commercial reservable utilized exposure) at December 31, 2022, primarily driven by commercial real estate and U.S. Commercial.
Loan Modifications to Borrowers in Financial Difficulty
As part of its credit risk management, the Corporation may modify a loan agreement with a borrower experiencing financial difficulties through a refinancing or restructuring of the borrower’s loan agreement (modification programs).
Consumer Real Estate
The following modification programs are offered for consumer real estate loans to borrowers experiencing financial difficulties. These modifications represented 0.19 percent and 0.28 percent of outstanding residential mortgage and home equity loans at June 30, 2023.
Forbearance and Other Payment Plans: Forbearance plans generally consist of the Corporation suspending the borrower’s payments for a defined period with those payments then due at the conclusion of the forbearance period. The aging status of a loan is generally frozen when it enters into a forbearance plan. Alternatively, the Corporation may offer the borrower a payment plan, which allows the borrower to repay past due amounts through payments over a defined period. At June 30, 2023, the amortized cost of residential mortgage loans that were modified through these plans during the three and six months ended June 30, 2023 was $276 million and $348 million. The amortized cost of home equity loans that were modified through these plans during the same periods was $41 million and $53 million. The weighted-average duration of residential mortgage loan modifications was approximately 6 months and 8 months for the three and six months ended June 30, 2023. For the same periods, the weighted-average duration for home equity loan modifications was approximately 6 months and 9 months. The total forborne payments for residential mortgage loan modifications was $9 million and $15 million for the three and six months ended June 30, 2023. For the same periods, the total forborne payments for home equity modifications was $3 million and $5 million. If a borrower is unable to fulfill their obligations under the forbearance plans, they may be offered a trial or permanent modification.
Trial Modifications: Trial modification plans generally consist of the Corporation offering a borrower modified loan terms that reduce their contractual payments temporarily over a three-to-four-month trial period. If the customer successfully makes the modified payments during the trial period and formally accepts the modified terms, the modified loan terms become permanent. At June 30, 2023, the amortized cost of residential mortgage loans entering trial modifications during the three and six months ended June 30, 2023 was $27 million and $49 million. The amortized cost of home equity loans entering trial modifications during the same periods was $14 million and $22 million.
Permanent Modifications: Permanent modifications include borrowers that have completed a trial modification and have had their contractual payment terms permanently modified, as well as borrowers that proceed directly to a permanent modification without a trial period. In a permanent modification, the borrower’s payment terms are typically modified in more than one manner but generally include a term extension and an interest rate reduction. At times, the permanent modification may also include principal forgiveness and/or a deferral of past due principal and interest amounts to the end of the loan term. The combinations utilized are based on modifying the terms that give the borrower an improved ability to meet the contractual obligations. At June 30, 2023, the amortized cost of residential mortgage loans that were granted a permanent modification during the three and six months ended June 30, 2023 was $44 million and $88 million. The amortized cost of home equity loans that were granted a permanent modification during the same periods was $9 million and $18 million. The term extensions granted for residential mortgage and home equity permanent modifications vary widely and can be up to 30 years, but are mostly in the range of 1 to 20 years for both residential mortgage and home equity loans. The weighted-average term extension of permanent modifications for residential mortgage loans was 10.2 years and 8.6 years for the three and six months ended June 30, 2023, while the weighted-average interest rate reduction was 1.62 percent and 1.57 percent. For the same periods, the weighted-average term extension of permanent modifications for home equity loans was 16.9 years and 15.2 years, while the weighted-average interest rate reduction was 2.96 percent and 2.69 percent. Principal forgiveness and payment deferrals were insignificant for the three and six months ended June 30, 2023.
For consumer real estate borrowers in financial difficulty that received a forbearance, trial or permanent modification, there were no commitments to lend additional funds at June 30, 2023. Borrowers with a home equity line of credit that received a forbearance plan could have all or a portion of their lines reinstated in the future if they cure their payment default and meet certain Bank conditions.
Chapter 7 Discharges: If a borrower’s consumer real estate obligation is discharged in a Chapter 7 bankruptcy proceeding, the contractual payment terms of the loan are not modified, although they can no longer be enforced against the individual borrower. The Corporation’s ability to collect amounts due on the loan is limited to enforcement against the property through the foreclosure and sale of the collateral. The Corporation will only pursue foreclosure upon default by the borrower, and otherwise will recover pursuant to the loan terms or at the time of a sale. Residential mortgage and home equity loans that were granted a Chapter 7 discharge were insignificant for the three and six months ended June 30, 2023.
The Corporation tracks the performance of modified loans to assess effectiveness of modification programs. Defaults of modified consumer real estate loans since January 1, 2023 were insignificant during the three and six months ended June 30, 2023. The table below provides aging information as of June 30, 2023 for consumer real estate loans modified since January 1, 2023.
Consumer Real Estate - Payment Status of Modifications to Borrowers in Financial Difficulty (1)
Current30–89 Days
Past Due		90+ Days
Past Due		Total
(Dollars in millions)June 30, 2023
Residential mortgage$248 $105 $83 $436
Home equity42 12 17 71
Total$290 $117 $100 $507
(1)Excludes trial modifications and Chapter 7 discharges
Consumer real estate foreclosed properties totaled $97 million and $121 million at June 30, 2023 and December 31, 2022. The carrying value of consumer real estate loans, including fully-insured loans, for which formal foreclosure proceedings were in process at June 30, 2023 and December 31, 2022 was $724 million and $871 million. During the six months ended June 30, 2023 and 2022, the Corporation reclassified $68 million and $99 million of consumer real estate loans to foreclosed properties or, for properties acquired upon foreclosure of certain government-guaranteed loans (principally FHA-insured loans), to other assets. The reclassifications represent non-cash investing activities and, accordingly, are not reflected in the Consolidated Statement of Cash Flows.
Credit Card and Other Consumer
Credit card and other consumer loans are primarily modified by placing the customer on a fixed payment plan with a fixed interest rate. As of June 30, 2023, substantially all payment plans provided to customers had a 60-month term. In certain circumstances, the Corporation will forgive a portion of the outstanding balance if the borrower makes payments up to a set amount. The Corporation makes modifications directly with borrowers for loans held by the Corporation (internal programs) as well as through third-party renegotiation agencies that provide solutions to customers’ entire unsecured debt structures (external programs). The June 30, 2023 amortized cost of credit card and other consumer loans that were modified through these programs during the three and six months ended June 30, 2023 was $168 million and $303 million. The financial effect of modifications resulted in a weighted-average interest rate reduction of 19.02 percent and 18.82 percent and principal forgiveness of $14 million and $25 million during the three and six months ended June 30, 2023.
The Corporation tracks the performance of modified loans to assess the effectiveness of modification programs. Defaults of modified credit card and other consumer loans since January 1, 2023 were insignificant during the three and six months ended June 30, 2023. Of the $303 million in modified credit card and other consumer loans to borrowers experiencing financial difficulty as of June 30, 2023, $237 million were current, $35 million were 30-89 days past due, and $31 million were greater than 90 days past due. These modifications represented 0.15 percent of outstanding credit card and other consumer loans at June 30, 2023.
Commercial Loans
Modifications of loans to commercial borrowers experiencing financial difficulty are designed to reduce the Corporation’s loss exposure while providing borrowers with an opportunity to work through financial difficulties, often to avoid foreclosure or bankruptcy. Each modification is unique, reflects the borrower’s individual circumstances and is designed to benefit the borrower while mitigating the Corporation’s risk exposure. Commercial modifications are primarily term extensions and payment forbearances. Payment forbearances involve the Bank forbearing its contractual right to collect certain payments or payment in full (maturity forbearance) for a defined period of time. Reductions in interest rates and principal forgiveness occur infrequently for commercial borrowers. Principal forgiveness may occur in connection with foreclosure, short sales or other settlement agreements, leading to termination or sale of the loan. The table below provides the ending amortized cost of commercial loans modified during the three and six months ended June 30, 2023.

Commercial Loans - Modifications to Borrowers in Financial Difficulty
Term ExtensionForbearancesTotal
(Dollars in millions)Three Months Ended June 30, 2023
U.S. Commercial$325 $5 $330 
Non-U.S. Commercial121 — 121 
Commercial Real Estate266 96 362 
Total$712 $101 $813 
Six Months Ended June 30, 2023
U.S. Commercial$503 $64 $567 
Non-U.S. Commercial132 — 132 
Commercial Real Estate519 96 615 
Total$1,154 $160 $1,314 
Term extensions granted increased the weighted-average life of the impacted loans by 1.6 years at both the three and six months ended June 30, 2023. The weighted-average duration of loan payments deferred under the Corporation’s commercial
loan forbearance program was 11 months for both the three and six months ended June 30, 2023. The deferral period for loan payments can vary, but are mostly in the range of 9 months to 24 months. Modifications of loans to troubled borrowers for
Commercial Lease Financing and U.S. Small Business Commercial were not significant during the three and six months ended June 30, 2023.
The Corporation tracks the performance of modified loans to assess effectiveness of modification programs. Defaults of
modified Commercial loans since January 1, 2023 were insignificant during the six months ended June 30, 2023. The table below provides aging information as of June 30, 2023 for commercial loans modified since January 1, 2023.
Commercial - Payment Status of Modified Loans to Borrowers in Financial Difficulty
Current30–89 Days
Past Due		90+ Days
Past Due		Total% of Total Class of Financing Receivable
(Dollars in millions)June 30, 2023
U.S. Commercial$497 $41 $29 $5670.16 %
Non-U.S. Commercial132 — — 1320.11 
Commercial Real Estate567 — 48 6150.83 
Total$1,196 $41 $77 $1,3140.24 
For the six months ended June 30, 2023, the Corporation had commitments to lend $687 million to commercial borrowers experiencing financial difficulty whose loans were modified during the period.
Prior-period Troubled Debt Restructuring Disclosures
Prior to adopting the new accounting standard on loan modifications, the Corporation accounted for modifications of loans to borrowers experiencing financial difficulty as TDRs, when the modification resulted in a concession. The following discussion reflects loans that were considered TDRs prior to January 1, 2023. For more information on TDR accounting policies, see Note 1 – Summary of Significant Accounting Principles to the Consolidated Financial Statements of the Corporation’s 2022 Annual Report on Form 10-K.
Consumer Real Estate
The table below presents the June 30, 2022 unpaid principal balance, carrying value, and average pre- and post-modification interest rates of consumer real estate loans that were modified in TDRs during the three and six months ended June 30, 2022. The following Consumer Real Estate portfolio segment tables include loans that were initially classified as TDRs during the period and also loans that had previously been classified as TDRs and were modified again during the period. Binding trial modifications are classified as TDRs when the trial offer is made and continue to be classified as TDRs regardless of whether the borrower enters into a permanent modification.
At December 31, 2022, remaining commitments to lend additional funds to debtors whose terms have been modified in a consumer real estate TDR were not significant.
Consumer Real Estate – TDRs Entered into During the Three and Six Months Ended June 30, 2022
Unpaid Principal BalanceCarrying
Value		Pre-Modification Interest Rate
Post-Modification Interest Rate (1)
Unpaid Principal BalanceCarrying
Value		Pre-Modification Interest Rate
Post-Modification Interest Rate (1)
(Dollars in millions)Three Months Ended June 30, 2022Six Months Ended June 30, 2022
Residential mortgage$540 $489 3.47 %3.38 %$858 $774 3.53 %3.35 %
Home equity129 110 3.80 3.89 170 140 3.77 3.84 
Total $669 $599 3.53 3.48 $1,028 $914 3.57 3.43 
(1)The post-modification interest rate reflects the interest rate applicable only to permanently completed modifications, which exclude loans that are in a trial modification period.
The table below presents the June 30, 2022 carrying value for consumer real estate loans that were modified in a TDR during the three and six months ended June 30, 2022, by type of modification.
Consumer Real Estate – Modification Programs
(Dollars in millions)TDRs Entered into During the
Three Months Ended June 30, 2022		TDRs Entered into During the
Six Months Ended June 30, 2022
Modifications under proprietary programs $536 $816 
Loans discharged in Chapter 7 bankruptcy (1)
4 8 
Trial modifications59 90 
Total modifications$599 $914 
(1)Includes loans discharged in Chapter 7 bankruptcy with no change in repayment terms that are classified as TDRs.
The table below presents the carrying value of consumer real estate loans that entered into payment default during the three and six months ended June 30, 2022 that were modified in a TDR during the 12 months preceding payment default. A payment default for consumer real estate TDRs is recognized when a borrower has missed three monthly payments (not necessarily consecutively) since modification.
Consumer Real Estate – TDRs Entering Payment Default that were Modified During the Preceding 12 Months
(Dollars in millions)Three Months Ended June 30, 2022Six Months Ended June 30, 2022
Modifications under proprietary programs$32 $72 
Loans discharged in Chapter 7 bankruptcy (1)
— 1 
Trial modifications (2)
7 11 
Total modifications$39 $84 
(1)Includes loans discharged in Chapter 7 bankruptcy with no change in repayment terms that are classified as TDRs.
(2)Includes trial modification offers to which the customer did not respond.
Credit Card and Other Consumer
The table below provides information on the Corporation’s Credit Card and Other Consumer TDR portfolio including the June 30, 2022 unpaid principal balance, carrying value, and average pre- and post-modification interest rates of loans that were modified in TDRs during the three and six months ended June 30, 2022.
Credit Card and Other Consumer – TDRs Entered into During the Three and Six Months Ended June 30, 2022
 Unpaid Principal Balance
Carrying
Value (1)
Pre-Modification Interest RatePost-Modification Interest RateUnpaid Principal Balance
Carrying
Value (1)
Pre-Modification Interest RatePost-Modification Interest Rate
(Dollars in millions)Three Months Ended June 30, 2022Six Months Ended June 30, 2022
Credit card$65 $69 19.77 %3.78 %$127 $132 19.60 %3.76 %
Direct/Indirect consumer3 2 5.41 5.41 5 5 5.62 5.62 
Total $68 $71 19.37 3.83 $132 $137 19.09 3.83 
(1)Includes accrued interest and fees.
The table below presents the June 30, 2022 carrying value for Credit Card and Other Consumer loans that were modified in a TDR during the three and six months ended June 30, 2022 by program type.
Credit Card and Other Consumer – TDRs by Program Type (1)
(Dollars in millions)
TDRs Entered into During the
Three Months Ended June 30, 2022		TDRs Entered into During the
Six Months Ended June 30, 2022
Internal programs$58 $112 
External programs
10 20 
Other
3 5 
Total$71 $137 
(1) Includes accrued interest and fees.
Credit card and other consumer loans are deemed to be in payment default during the quarter in which a borrower misses the second of two consecutive payments. Payment defaults are one of the factors considered when projecting future cash flows in the calculation of the allowance for loan and lease losses for credit card and other consumer. Based on historical experience, the Corporation estimates that 10 percent of new credit card TDRs and 17 percent of new direct/indirect consumer TDRs may be in payment default within 12 months after modification.
Commercial Loans
During the three and six months ended June 30, 2022, the carrying value of the Corporation’s commercial loans that were modified as TDRs was $796 million and $1.3 billion. At December 31, 2022, the Corporation had commitments to lend $358 million to commercial borrowers whose loans were classified as TDRs. The balance of commercial TDRs in payment default was $105 million at December 31, 2022.
Loans Held-for-sale
The Corporation had LHFS of $6.8 billion and $6.9 billion at June 30, 2023 and December 31, 2022. Cash and non-cash proceeds from sales and paydowns of loans originally classified as LHFS were $7.4 billion and $21.4 billion for the six months ended June 30, 2023 and 2022. Cash used for originations and purchases of LHFS totaled $7.3 billion and $11.4 billion for the six months ended June 30, 2023 and 2022. Also included were
non-cash net transfers into LHFS of $457 million and $1.6 billion for the six months ended June 30, 2023 and 2022.
Accrued Interest Receivable
Accrued interest receivable for loans and leases and loans held-for-sale at June 30, 2023 and December 31, 2022 was $4.1 billion and $3.8 billion and is reported in customer and other receivables on the Consolidated Balance Sheet.
Outstanding credit card loan balances include unpaid principal, interest and fees. Credit card loans are not classified as nonperforming but are charged off no later than the end of the month in which the account becomes 180 days past due, within 60 days after receipt of notification of death or bankruptcy, or upon confirmation of fraud. During the three and six months ended June 30, 2023, the Corporation reversed $138 million and $256 million of interest and fee income against the income statement line item in which it was originally recorded upon charge-off of the principal balance of the loan compared to $80 million and $160 million for the same periods in 2022.
For the outstanding residential mortgage, home equity, direct/indirect consumer and commercial loan balances classified as nonperforming during the three and six months ended June 30, 2023 and 2022, interest and fee income reversed at the time the loans were classified as nonperforming was not significant. For more information on the Corporation's
nonperforming loan policies, see Note 1 – Summary of Significant Accounting Principles to the Consolidated Financial Statements of the Corporation’s 2022 Annual Report on Form 10-K
Allowance for Credit Losses
The allowance for credit losses is estimated using quantitative and qualitative methods that consider a variety of factors, such as historical loss experience, the current credit quality of the portfolio and an economic outlook over the life of the loan. Qualitative reserves cover losses that are expected but, in the Corporation's assessment, may not be adequately reflected in the quantitative methods or the economic assumptions. The Corporation incorporates forward-looking information through the use of several macroeconomic scenarios in determining the weighted economic outlook over the forecasted life of the assets. These scenarios include key macroeconomic variables such as gross domestic product, unemployment rate, real estate prices and corporate bond spreads. The scenarios that are chosen each quarter and the weighting given to each scenario depend on a variety of factors including recent economic events, leading economic indicators, internal and third-party economist views, and industry trends. For more information on the Corporation's credit loss accounting policies including the allowance for credit losses, see Note 1 – Summary of Significant Accounting Principles to the Consolidated Financial Statements of the Corporation’s 2022 Annual Report on Form 10-K.
The June 30, 2023 estimate for allowance for credit losses was based on various economic scenarios, including a baseline scenario derived from consensus estimates, which represents a mild recessionary environment, an adverse scenario reflecting an extended moderate recession, a downside scenario reflecting persistent inflation and interest rates above the baseline scenario, a tail risk scenario similar to the severely adverse scenario used in stress testing and an upside scenario that considers the potential for improvement above the baseline scenario. The overall weighted economic outlook of the above scenarios is estimating a recessionary environment in 2023, which is relatively consistent with the weighted economic outlook estimated as of December 31, 2022. The weighted economic outlook assumes that the U.S. average unemployment rate will be above four and a half percent by the fourth quarter of 2023 and will remain above five percent through the fourth quarter of 2024. Additionally, in this economic outlook, U.S. real gross domestic product is forecasted to contract at 0.2 percent and grow at 1.0 percent year-over-year in the fourth quarters of 2023 and 2024. For
comparison, as of December 31, 2022, the weighted economic outlook for the U.S. average unemployment rate was forecasted to be just above five and a half percent by the fourth quarter of 2023 and slowly decline to five percent by the fourth quarter of 2024, and U.S. real gross domestic product was forecasted to contract at 0.4 percent and grow at 1.2 percent year-over-year in the fourth quarters of 2023 and 2024.
The allowance for credit losses increased $116 million from December 31, 2022 to $14.3 billion at June 30, 2023, which included a $505 million reserve increase related to the consumer portfolio and a $389 million reserve decrease related to the commercial portfolio. The increase in the allowance reflected a reserve build in the Corporation’s consumer portfolio primarily due to credit card loan growth, partially offset by a reserve release in the Corporation’s commercial portfolio primarily driven by certain improved macroeconomic conditions. The allowance also includes the impact of the accounting change to remove the recognition and measurement guidance on TDRs, which reduced the allowance for credit losses by $243 million on January 1, 2023. The change in the allowance for credit losses was comprised of a net increase of $268 million in the allowance for loan and lease losses and a decrease of $152 million in the reserve for unfunded lending commitments. The provision for credit losses increased $602 million to $1.1 billion, and $1.5 billion to $2.1 billion for the three and six months ended June 30, 2023 compared to the same periods in 2022. The provision for credit losses for the current-year periods was driven by the Corporation’s consumer portfolio primarily due to credit card loan growth and asset quality, partially offset by certain improved macroeconomic conditions that primarily benefited the Corporation’s commercial portfolio. For the same periods in the prior year, the provision for credit losses was primarily driven by loan growth and a dampened macroeconomic outlook, partially offset by asset quality improvement and reduced COVID-19 pandemic uncertainties. In addition, the six-month period in the prior year was also driven by a reserve build related to Russian exposure.
Outstanding loans and leases excluding loans accounted for under the fair value option increased $6.9 billion during the six months ended June 30, 2023 primarily driven by commercial loans, which increased $7.0 billion driven by broad-based growth, and consumer loans, which remained flat as credit card growth was offset by declines in securities-based lending.
The changes in the allowance for credit losses, including net charge-offs and provision for loan and lease losses, are detailed in the following table.
Consumer
Real Estate		Credit Card and
 Other Consumer		CommercialTotal
(Dollars in millions)Three Months Ended June 30, 2023
Allowance for loan and lease losses, April 1$403 $6,958 $5,153 $12,514 
Loans and leases charged off(15)(924)(186)(1,125)
Recoveries of loans and leases previously charged off29 190 37 256 
Net charge-offs14 (734)(149)(869)
Provision for loan and lease losses8 1,099 202 1,309 
Other 2 — (6)(4)
Allowance for loan and lease losses, June 30
427 7,323 5,200 12,950 
Reserve for unfunded lending commitments, April 193 — 1,344 1,437 
Provision for unfunded lending commitments(7)— (43)(50)
Other— — 1 1 
Reserve for unfunded lending commitments, June 30
86 — 1,302 1,388 
Allowance for credit losses, June 30
$513 $7,323 $6,502 $14,338 
Three Months Ended June 30, 2022
Allowance for loan and lease losses, April 1$473 $6,242 $5,389 $12,104 
Loans and leases charged off(160)(692)(92)(944)
Recoveries of loans and leases previously charged off98 229 46 373 
Net charge-offs(62)(463)(46)(571)
Provision for loan and lease losses(16)438 19 441 
Other1 (1)(1)(1)
Allowance for loan and lease losses, June 30
396 6,216 5,361 11,973 
Reserve for unfunded lending commitments, April 191 — 1,288 1,379 
Provision for unfunded lending commitments(12)— 94 82 
Reserve for unfunded lending commitments, June 30
79 — 1,382 1,461 
Allowance for credit losses, June 30
$475 $6,216 $6,743 $13,434 
(Dollars in millions)Six Months Ended June 30, 2023
Allowance for loan and lease losses, December 31$420 $6,817 $5,445 $12,682 
January 1, 2023 adoption of credit loss standard(67)(109)(67)(243)
Allowance for loan and lease losses, January 1353 6,708 5,378 12,439 
Loans and leases charged off(29)(1,785)(366)(2,180)
Recoveries of loans and leases previously charged off54 387 63 504 
Net charge-offs25 (1,398)(303)(1,676)
Provision for loan and lease losses42 2,012 155 2,209 
Other7 1 (30)(22)
Allowance for loan and lease losses, June 30
427 7,323 5,200 12,950 
Reserve for unfunded lending commitments, January 194 — 1,446 1,540 
Provision for unfunded lending commitments(8)— (145)(153)
Other— — 1 1 
Reserve for unfunded lending commitments, June 30
86 — 1,302 1,388 
Allowance for credit losses, June 30
$513 $7,323 $6,502 $14,338 
Six Months Ended June 30, 2022
Allowance for loan and lease losses, January 1$557 $6,476 $5,354 $12,387 
Loans and leases charged off(183)(1,311)(184)(1,678)
Recoveries of loans and leases previously charged off161 468 86 715 
Net charge-offs(22)(843)(98)(963)
Provision for loan and lease losses(141)581 109 549 
Other2 2 (4)— 
Allowance for loan and lease losses, June 30
396 6,216 5,361 11,973 
Reserve for unfunded lending commitments, January 196 — 1,360 1,456 
Provision for unfunded lending commitments(18)— 22 4 
Other1 — — 1 
Reserve for unfunded lending commitments, June 30
79 — 1,382 1,461 
Allowance for credit losses, June 30
$475 $6,216 $6,743 $13,434