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Loans and Related Allowance for Credit Losses (Tables) | 12 Months Ended
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Dec. 31, 2020
Asset Quality [Abstract] |
Summary Of The Classification Of Portfolio Segments |
Commercial |  | Consumer
• Commercial and industrial |  | • Home equity
• Commercial real estate |  | • Residential real estate
• Equipment lease financing |  | • Automobile
|  | • Credit card
|  | • Education
|  | • Other consumer
Analysis of Loan Portfolio | Table 47: Analysis of Loan Portfolio
| Accruing |  |  |  |  |
Dollars in millions | Current or Less Than 30 Days Past Due | 30-59 Days Past Due | 60-89 Days Past Due | 90 Days Or More Past Due | Total Past Due (c) |  | Nonperforming Loans | Fair Value Option Nonaccrual Loans (d) | Total Loans (e)(f) |
December 31, 2020 (a) (b) |  |  |  |  |  |  |  |  |  |  |
Commercial |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | 131,245 |  | $ | 106 |  | $ | 26 |  | $ | 30 |  |  | $ | 162 |  |  | $ | 666 |  |  | $ | 132,073 |  |
Commercial real estate | 28,485 |  | 6 |  | 1 |  |  |  | 7 |  |  | 224 |  |  | 28,716 |  |
Equipment lease financing | 6,345 |  | 31 |  | 5 |  |  |  | 36 |  |  | 33 |  |  | 6,414 |  |
Total commercial | 166,075 |  | 143 |  | 32 |  | 30 |  |  | 205 |  |  | 923 |  |  | 167,203 |  |
Consumer |  |  |  |  |  |  |  |  |  |  |
Home equity | 23,318 |  | 50 |  | 21 |  |  |  | 71 |  |  | 645 |  | $ | 54 |  | 24,088 |  |
Residential real estate | 20,945 |  | 181 |  | 78 |  | 319 |  |  | 578 |  | (c) | 528 |  | 509 |  | 22,560 |  |
Automobile | 13,863 |  | 134 |  | 34 |  | 12 |  |  | 180 |  |  | 175 |  |  | 14,218 |  |
Credit card | 6,074 |  | 43 |  | 30 |  | 60 |  |  | 133 |  |  | 8 |  |  | 6,215 |  |
Education | 2,785 |  | 55 |  | 29 |  | 77 |  |  | 161 |  | (c) |  |  | 2,946 |  |
Other consumer | 4,656 |  | 14 |  | 10 |  | 11 |  |  | 35 |  |  | 7 |  |  | 4,698 |  |
Total consumer | 71,641 |  | 477 |  | 202 |  | 479 |  |  | 1,158 |  |  | 1,363 |  | 563 |  | 74,725 |  |
Total | $ | 237,716 |  | $ | 620 |  | $ | 234 |  | $ | 509 |  |  | $ | 1,363 |  |  | $ | 2,286 |  | $ | 563 |  | $ | 241,928 |  |
Percentage of total loans | 98.27 | % | 0.26 | % | 0.10 | % | 0.21 | % |  | 0.56 | % |  | 0.94 | % | 0.23 | % | 100.00 | % |
(a)Amounts in table represent loans held for investment and do not include any associated valuation allowance. (b)The accrued interest associated with our loan portfolio at December 31, 2020 totaled $0.7 billion and is included in Other assets on the Consolidated Balance Sheet. (c)Past due loan amounts include government insured or guaranteed Residential real estate loans and Education loans totaling $0.4 billion and $0.2 billion, respectively, at December 31, 2020. (d)Consumer loans accounted for under the fair value option for which we do not expect to collect substantially all principal and interest are subject to nonaccrual accounting and classification upon meeting any of our nonaccrual policies. Given that these loans are not accounted for at amortized cost, these loans have been excluded from the nonperforming loan population. (e)Net of unearned income, unamortized deferred fees and costs on originated loans, and premiums or discounts on purchased loans totaling $1.3 billion at December 31, 2020. (f)Collateral dependent loans totaled $1.5 billion at December 31, 2020. The majority of these loans are within the Home equity and Residential real estate loan classes and are secured by consumer real estate.
| Accruing |  |  |  |  |  |
Dollars in millions | Current or Less Than 30 Days Past Due | 30-59 Days Past Due | 60-89 Days Past Due | 90 Days Or More Past Due | Total Past Due (h) |  | Nonperforming Loans | Fair Value Option Nonaccrual Loans (i) | Purchased Impaired Loans | Total Loans (j) |
December 31, 2019 (g) |  |  |  |  |  |  |  |  |  |  |
Commercial |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | 124,695 |  | $ | 102 |  | $ | 30 |  | $ | 85 |  | $ | 217 |  |  | $ | 425 |  |  |  | $ | 125,337 |  |
Commercial real estate | 28,061 |  | 4 |  | 1 |  |  | 5 |  |  | 44 |  |  |  | 28,110 |  |
Equipment lease financing | 7,069 |  | 49 |  | 5 |  |  | 54 |  |  | 32 |  |  |  | 7,155 |  |
Total commercial | 159,825 |  | 155 |  | 36 |  | 85 |  | 276 |  |  | 501 |  |  |  | 160,602 |  |
Consumer |  |  |  |  |  |  |  |  |  |  |
Home equity | 23,791 |  | 58 |  | 24 |  |  | 82 |  |  | 669 |  |  | $ | 543 |  | 25,085 |  |
Residential real estate | 19,640 |  | 140 |  | 69 |  | 315 |  | 524 |  | (h) | 315 |  | $ | 166 |  | 1,176 |  | 21,821 |  |
Automobile | 16,376 |  | 178 |  | 47 |  | 18 |  | 243 |  |  | 135 |  |  |  | 16,754 |  |
Credit card | 7,133 |  | 60 |  | 37 |  | 67 |  | 164 |  |  | 11 |  |  |  | 7,308 |  |
Education | 3,156 |  | 55 |  | 34 |  | 91 |  | 180 |  | (h) |  |  |  | 3,336 |  |
Other consumer | 4,898 |  | 15 |  | 11 |  | 9 |  | 35 |  |  | 4 |  |  |  | 4,937 |  |
Total consumer | 74,994 |  | 506 |  | 222 |  | 500 |  | 1,228 |  |  | 1,134 |  | 166 |  | 1,719 |  | 79,241 |  |
Total | $ | 234,819 |  | $ | 661 |  | $ | 258 |  | $ | 585 |  | $ | 1,504 |  |  | $ | 1,635 |  | $ | 166 |  | $ | 1,719 |  | $ | 239,843 |  |
Percentage of total loans | 97.90 | % | 0.28 | % | 0.11 | % | 0.24 | % | 0.63 | % |  | 0.68 | % | 0.07 | % | 0.72 | % | 100.00 | % |
(g) Amounts in table represent recorded investment and exclude loans held for sale. Recorded investment does not include any associated valuation allowance. (h) Past due loan amounts exclude purchased impaired loans, even if contractually past due (or if we do not expect to receive payment in full based on the original contractual terms), as we accreted interest income over the expected life of the loans. Past due loan amounts include government insured or guaranteed Residential real estate loans totaling $0.4 billion and Education loans totaling $0.2 billion at December 31, 2019. (i) Consumer loans accounted for under the fair value option for which we do not expect to collect substantially all principal and interest are subject to nonaccrual accounting and classification upon meeting any of our nonaccrual policies. Given that these loans are not accounted for at amortized cost, these loans have been excluded from the nonperforming loan population. (j) Net of unearned income, unamortized deferred fees and costs on originated loans, and premiums or discounts on purchased loans totaling $1.1 billion at December 31, 2019.
Nonperforming Assets | The following table presents our nonperforming assets as of December 31, 2020 and 2019, respectively. Table 48: Nonperforming Assets
Dollars in millions |  | December 31 2020 |  | December 31 2019 |
Nonperforming loans |  |  |  |  |
Commercial |  | $ | 923 |  |  | $ | 501 |  |
Consumer (a) |  | 1,363 |  |  | 1,134 |  |
Total nonperforming loans (b) |  | 2,286 |  |  | 1,635 |  |
OREO and foreclosed assets |  | 51 |  |  | 117 |  |
Total nonperforming assets |  | $ | 2,337 |  |  | $ | 1,752 |  |
Nonperforming loans to total loans |  | 0.94 | % |  | 0.68 | % |
Nonperforming assets to total loans, OREO and foreclosed assets |  | 0.97 | % |  | 0.73 | % |
Nonperforming assets to total assets |  | 0.50 | % |  | 0.43 | % |
(a)Excludes most unsecured consumer loans and lines of credit, which are charged off after 120 to 180 days past due and are not placed on nonperforming status. (b)Nonperforming loans for which there is no related ALLL totaled $0.8 billion at December 31, 2020, and is primarily comprised of loans with a valuation that exceeds the amortized cost basis.
Credit Quality Indicators By Loan Class | Table 49: Commercial Credit Quality Indicators (a)
| Term Loans by Origination Year |  |  |
December 31, 2020 - In millions | 2020 | 2019 | 2018 | 2017 | 2016 | Prior | Revolving Loans | Revolving Loans Converted to Term | Total Loans
Commercial and industrial |  |  |  |  |  |  |  |  |
Pass Rated | $ | 31,680 |  | $ | 13,340 |  | $ | 8,209 |  | $ | 5,956 |  | $ | 4,242 |  | $ | 7,141 |  | $ | 54,775 |  | $ | 53 |  | $ | 125,396 |
Criticized | 339 |  | 702 |  | 578 |  | 334 |  | 224 |  | 351 |  | 4,130 |  | 19 |  | 6,677 |
Total commercial and industrial | 32,019 | 14,042 | 8,787 | 6,290 | 4,466 | 7,492 | 58,905 | 72 | 132,073
Commercial real estate |  |  |  |  |  |  |  |  |
Pass Rated | 3,709 |  | 6,268 |  | 3,426 |  | 2,841 |  | 2,341 |  | 6,792 |  | 218 |  |  | 25,595 |
Criticized | 319 |  | 548 |  | 148 |  | 423 |  | 400 |  | 1,159 |  | 124 |  |  | 3,121 |
Total commercial real estate | 4,028 | 6,816 | 3,574 | 3,264 | 2,741 | 7,951 | 342 |  | 28,716
Equipment lease financing |  |  |  |  |  |  |  |  |
Pass Rated | 1,429 |  | 1,202 |  | 942 |  | 738 |  | 405 |  | 1,350 |  |  |  | 6,066 |
Criticized | 78 |  | 92 |  | 86 |  | 39 |  | 22 |  | 31 |  |  |  | 348 |
Total equipment lease financing | 1,507 | 1,294 |  | 1,028 | 777 | 427 | 1,381 |  |  | 6,414
Total commercial | $ | 37,554 |  | $ | 22,152 |  | $ | 13,389 |  | $ | 10,331 |  | $ | 7,634 |  | $ | 16,824 |  | $ | 59,247 |  | $ | 72 |  | $ | 167,203 |
December 31, 2019 - In millions |  | Pass Rated |  | Criticized |  | Total Loans
Commercial and industrial |  | $ | 119,761 |  |  | $ | 5,576 |  |  | $ | 125,337 |
Commercial real estate |  | 27,424 |  |  | 686 |  |  | 28,110 |
Equipment lease financing |  | 6,891 |  |  | 264 |  |  | 7,155 |
Total commercial |  | $ | 154,076 |  |  | $ | 6,526 |  |  | $ | 160,602 |
(a)Loans in our commercial portfolio are classified as Pass Rated or Criticized based on the regulatory definitions, which are driven by the PD and LGD ratings that we assign. The Criticized classification includes loans that were rated special mention, substandard or doubtful as of December 31, 2020 and 2019. The following table presents credit quality indicators for the home equity and residential real estate loan classes: Table 50: Home Equity and Residential Real Estate Credit Quality Indicators
| Term Loans by Origination Year |  |  |
December 31, 2020 - In millions | 2020 | 2019 | 2018 | 2017 | 2016 | Prior | Revolving Loans | Revolving Loans Converted to Term | Total Loans
Home equity |  |  |  |  |  |  |  |  |
Current estimated LTV ratios |  |  |  |  |  |  |  |  | .
Greater than 100% | $ | 8 |  | $ | 44 |  | $ | 18 |  | $ | 15 |  | $ | 9 |  | $ | 88 |  | $ | 580 |  | $ | 279 |  | $ | 1,041 |
Greater than or equal to 80% to 100% | 517 |  | 320 |  | 59 |  | 42 |  | 25 |  | 158 |  | 1,781 |  | 591 |  | 3,493 |
Less than 80% | 2,909 |  | 1,636 |  | 513 |  | 773 |  | 660 |  | 3,754 |  | 6,433 |  | 2,876 |  | 19,554 |
Total home equity | $ | 3,434 |  | $ | 2,000 |  | $ | 590 |  | $ | 830 |  | $ | 694 |  | $ | 4,000 |  | $ | 8,794 |  | $ | 3,746 |  | $ | 24,088 |
Updated FICO scores |  |  |  |  |  |  |  |  |
Greater than or equal to 780 | $ | 2,019 |  | $ | 1,094 |  | $ | 311 |  | $ | 525 |  | $ | 449 |  | $ | 2,467 |  | $ | 5,382 |  | $ | 1,480 |  | $ | 13,727 |
720 to 779 | 1,028 |  | 558 |  | 153 |  | 181 |  | 145 |  | 777 |  | 2,137 |  | 941 |  | 5,920 |
660 to 719 | 334 |  | 273 |  | 86 |  | 84 |  | 66 |  | 402 |  | 985 |  | 625 |  | 2,855 |
Less than 660 | 52 |  | 74 | 39 |  | 39 |  | 33 |  | 345 |  | 277 |  | 620 |  | 1,479 |
No FICO score available | 1 |  | 1 | 1 |  | 1 |  | 1 |  | 9 |  | 13 |  | 80 |  | 107 |
Total home equity | $ | 3,434 |  | $ | 2,000 |  | $ | 590 |  | $ | 830 |  | $ | 694 |  | $ | 4,000 |  | $ | 8,794 |  | $ | 3,746 |  | $ | 24,088 |
Residential real estate |  |  |  |  |  |  |  |  |
Current estimated LTV ratios |  |  |  |  |  |  |  |  |
Greater than 100% | $ | 3 |  | $ | 52 |  | $ | 26 |  | $ | 42 |  | $ | 41 |  | $ | 160 |  |  |  | $ | 324 |
Greater than or equal to 80% to 100% | 495 |  | 422 |  | 127 |  | 156 |  | 124 |  | 307 |  |  |  | 1,631 |
Less than 80% | 7,491 |  | 3,656 |  | 992 |  | 1,706 |  | 1,847 |  | 3,991 |  |  |  | 19,683 |
Government insured or guaranteed loans | 7 |  | 28 |  | 27 |  | 38 |  | 57 |  | 765 |  |  |  | 922 |
Total residential real estate | $ | 7,996 |  | $ | 4,158 |  | $ | 1,172 |  | $ | 1,942 |  | $ | 2,069 |  | $ | 5,223 |  |  |  | $ | 22,560 |
Updated FICO scores |  |  |  |  |  |  |  |  |
Greater than or equal to 780 | $ | 5,425 |  | $ | 3,099 |  | $ | 814 |  | $ | 1,432 |  | $ | 1,538 |  | $ | 2,551 |  |  |  | $ | 14,859 |
720 to 779 | 2,268 |  | 820 |  | 220 |  | 340 |  | 335 |  | 818 |  |  |  | 4,801 |
660 to 719 | 252 |  | 161 |  | 76 |  | 98 |  | 92 |  | 475 |  |  |  | 1,154 |
Less than 660 | 40 |  | 48 |  | 33 |  | 31 |  | 41 |  | 485 |  |  |  | 678 |
No FICO score available | 4 |  | 2 |  | 2 |  | 3 |  | 6 |  | 129 |  |  |  | 146 |
Government insured or guaranteed loans | 7 |  | 28 |  | 27 |  | 38 |  | 57 |  | 765 |  |  |  | 922 |
Total residential real estate | $ | 7,996 |  | $ | 4,158 |  | $ | 1,172 |  | $ | 1,942 |  | $ | 2,069 |  | $ | 5,223 |  |  |  | $ | 22,560 |
| Home equity | Residential real estate
December 31, 2019 - In millions
Current estimated LTV ratios |  |
Greater than or equal to 100% | $ | 1,243 |  | $ | 333 |
Greater than or equal to 90% to less than 100% | 1,047 |  | 340 |
Less than 90% | 22,068 |  | 19,305 |
No LTV ratio available | 184 |  | 83 |
Government insured or guaranteed loans |  | 584 |
Purchased impaired loans | 543 |  | 1,176 |
Total loans | $ | 25,085 |  | $ | 21,821 |
Updated FICO Scores |  |
Greater than 660 | $ | 22,245 |  | $ | 19,341 |
Less than or equal to 660 | 2,019 |  | 569 |
No FICO score available | 278 |  | 151 |
Government insured or guaranteed loans |  | 584 |
Purchased impaired loans | 543 |  | 1,176 |
Total loans | $ | 25,085 |  | $ | 21,821 |
Table 51: Credit Quality Indicators for Automobile, Credit Card, Education and Other Consumer Loan Classes
| Term Loans by Origination Year |  |  |
December 31, 2020 - In millions | 2020 | 2019 | 2018 | 2017 | 2016 | Prior | Revolving Loans | Revolving Loans Converted to Term | Total Loans
Updated FICO Scores |  |  |  |  |  |  |  |  |
Automobile |  |  |  |  |  |  |  |  |
FICO score greater than or equal to 780 | $ | 1,807 |  | $ | 1,915 |  | $ | 807 |  | $ | 452 |  | $ | 246 |  | $ | 58 |  |  |  | $ | 5,285 |
720 to 779 | 1,098 |  | 1,581 |  | 789 |  | 381 |  | 167 |  | 44 |  |  |  | 4,060 |
660 to 719 | 617 |  | 1,222 |  | 684 |  | 288 |  | 109 |  | 31 |  |  |  | 2,951 |
Less than 660 | 192 |  | 776 |  | 598 |  | 240 |  | 87 |  | 29 |  |  |  | 1,922 |
Total automobile | $ | 3,714 |  | $ | 5,494 |  | $ | 2,878 |  | $ | 1,361 |  | $ | 609 |  | $ | 162 |  |  |  | $ | 14,218 |
Credit card |  |  |  |  |  |  |  |  |
FICO score greater than or equal to 780 |  |  |  |  |  |  | $ | 1,635 |  | $ | 3 |  | $ | 1,638 |
720 to 779 |  |  |  |  |  |  | 1,724 |  | 11 |  | 1,735 |
660 to 719 |  |  |  |  |  |  | 1,765 |  | 26 |  | 1,791 |
Less than 660 |  |  |  |  |  |  | 902 |  | 51 |  | 953 |
No FICO score available or required (a) |  |  |  |  |  |  | 94 |  | 4 |  | 98 |
Total credit card |  |  |  |  |  |  | $ | 6,120 |  | $ | 95 |  | $ | 6,215 |
Education |  |  |  |  |  |  |  |  |
FICO score greater than or equal to 780 | $ | 34 |  | $ | 90 |  | $ | 74 |  | $ | 59 |  | $ | 50 |  | $ | 428 |  |  |  | $ | 735 |
720 to 779 | 24 |  | 46 |  | 38 |  | 28 |  | 20 |  | 190 |  |  |  | 346 |
660 to 719 | 15 |  | 15 |  | 14 |  | 9 |  | 6 |  | 90 |  |  |  | 149 |
Less than 660 | 3 | 2 | 3 |  | 2 |  | 2 |  | 37 |  |  |  | 49 |
No FICO score available or required (a) | 16 |  | 10 |  | 6 |  | 3 |  |  | 1 |  |  |  | 36 |
Total loans using FICO credit metric | 92 |  | 163 |  | 135 |  | 101 |  | 78 |  | 746 |  |  |  | 1,315 |
Other internal credit metrics |  |  |  |  |  | 1,631 |  |  |  | 1,631 |
Total education | $ | 92 |  | $ | 163 |  | $ | 135 |  | $ | 101 |  | $ | 78 |  | $ | 2,377 |  |  |  | $ | 2,946 |
Other consumer |  |  |  |  |  |  |  |  |
FICO score greater than or equal to 780 | $ | 162 |  | $ | 187 |  | $ | 63 |  | $ | 21 |  | $ | 5 |  | $ | 42 |  | $ | 86 |  | $ | 1 |  | $ | 567 |
720 to 779 | 197 |  | 247 |  | 82 |  | 22 |  | 5 |  | 22 |  | 123 |  |  | 698 |
660 to 719 | 127 |  | 210 |  | 81 |  | 17 |  | 3 |  | 14 |  | 117 |  | 1 |  | 570 |
Less than 660 | 28 |  | 86 |  | 41 |  | 9 |  | 2 |  | 8 |  | 53 |  | 1 |  | 228 |
Total loans using FICO credit metric | 514 |  | 730 |  | 267 |  | 69 |  | 15 |  | 86 |  | 379 |  | 3 |  | 2,063 |
Other internal credit metrics | 67 |  | 33 |  | 37 |  | 26 |  | 60 |  | 75 |  | 2,334 |  | 3 |  | 2,635 |
Total other consumer | $ | 581 |  | $ | 763 |  | $ | 304 |  | $ | 95 |  | $ | 75 |  | $ | 161 |  | $ | 2,713 |  | $ | 6 |  | $ | 4,698 |
December 31, 2019 - In millions |  | Automobile | Credit Card | Education | Other consumer
FICO score greater than 719 |  | $ | 9,232 |  | $3,867 | $ | 1,139 |  | $1,421
650 to 719 |  | 4,577 |  | 2,326 | 197 |  | 843
620 to 649 |  | 1,001 |  | 419 | 25 |  | 132
Less than 620 |  | 1,603 |  | 544 | 27 |  | 143
No FICO score available or required (a) |  | 341 |  | 152 | 15 |  | 27
Total loans using FICO credit metric |  | 16,754 |  | 7,308 | 1,403 |  | 2,566
Consumer loans using other internal credit metrics |  |  |  | 1,933 |  | 2,371 |
Total loans |  | $ | 16,754 |  | $ | 7,308 |  | $ | 3,336 |  | $ | 4,937 |
Weighted-average updated FICO score (b) |  | 726 |  | 724 |  | 773 |  | 727
(a)Loans with no FICO score available or required generally refers to new accounts issued to borrowers with limited credit history, accounts for which we cannot obtain an updated FICO score (e.g., recent profile changes), cards issued with a business name and/or cards secured by collateral. Management proactively assesses the risk and size of this loan category and, when necessary, takes actions to mitigate the credit risk. (b)Weighted-average updated FICO score excludes accounts with no FICO score available or required.
Financial Impact and TDRs by Concession Type | Table 52: Financial Impact and TDRs by Concession Type
|  | Number of Loans |  |  | Pre-TDR Amortized Cost Basis (b) |  |  | Post-TDR Amortized Cost Basis (c)
During the year ended December 31, 2020 (a) Dollars in millions |  |  | Principal Forgiveness |  | Rate Reduction |  | Other |  |  | Total
Commercial |  | 73 |  |  |  | $ | 513 |  |  |  | $ | 39 |  |  | $ | 56 |  |  | $ | 346 |  |  |  | $ | 441 |
Consumer |  | 12,270 |  |  |  | 178 |  |  |  |  |  | 88 |  |  | 73 |  |  |  | 161 |
Total TDRs |  | 12,343 |  |  |  | $ | 691 |  |  |  | $ | 39 |  |  | $ | 144 |  |  | $ | 419 |  |  |  | $ | 602 |
(a)Impact of partial charge-offs at TDR date are included in this table. (b)Represents the amortized cost basis of the loans as of the quarter end prior to TDR designation. (c)Represents the amortized cost basis of the TDRs as of the end of the quarter in which the TDR occurs.
|  |  | Pre-TDR Recorded Investment (e) |  | Post-TDR Recorded Investment (f) |
During the year ended December 31, 2019 (d) Dollars in millions | Number of Loans |  | Principal Forgiveness |  | Rate Reduction |  | Other |  | Total |
Commercial |  | 75 |  |  | $ | 278 |  |  |  |  | $ | 11 |  |  | $ | 241 |  |  | $ | 252 |  |
Consumer |  | 14,548 |  |  | 172 |  |  |  |  | 97 |  |  | 64 |  |  | 161 |  |
Total TDRs |  | 14,623 |  |  | $ | 450 |  |  |  |  | $ | 108 |  |  | $ | 305 |  |  | $ | 413 |  |
During the year ended December 31, 2018 (d) Dollars in millions |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial |  | 85 |  |  | $ | 272 |  |  | $ | 2 |  |  | $ | 67 |  |  | $ | 179 |  |  | $ | 248 |  |
Consumer |  | 12,096 |  |  | 163 |  |  | 1 |  |  | 86 |  |  | 63 |  |  | 150 |  |
Total TDRs |  | 12,181 |  |  | $ | 435 |  |  | $ | 3 |  |  | $ | 153 |  |  | $ | 242 |  |  | $ | 398 |  |
(d) Impact of partial charge-offs at TDR date are included in this table. (e) Represents the recorded investment of the loans as of the quarter end prior to TDR designation, and excludes immaterial amounts of accrued interest receivable. (f) Represents the recorded investment of the TDRs as of the end of the quarter in which the TDR occurs, and excludes immaterial amounts of accrued interest receivable.
Rollforward of Allowance for Credit Losses | Table 53: Rollforward of Allowance for Credit Losses (a)
At or for the year ended December 31 | 2020 |
In millions | Commercial | Consumer | Total |
Allowance for loan and lease losses |  |  |  |
Beginning balance | $ | 1,812 |  | $ | 930 |  | $ | 2,742 |  |
Adoption of ASU 2016-13 (b) | (304) |  | 767 | 463 |  |
Beginning balance, adjusted | 1,508 |  | 1,697 |  | 3,205 |  |
Charge-offs | (407) |  | (785) |  | (1,192) |  |
Recoveries | 94 |  | 266 |  | 360 |  |
Net (charge-offs) | (313) |  | (519) |  | (832) |  |
Provision for credit losses | 2,139 |  | 846 |  | 2,985 |  |
Other | 3 |  | 3 |  |
Ending balance | $ | 3,337 |  | $ | 2,024 |  | $ | 5,361 |  |
Allowance for unfunded lending related commitments (c) |  |  |  |
Beginning balance | $ | 316 |  | $ | 2 |  | $ | 318 |  |
Adoption of ASU 2016-13 (b) | 53 |  | 126 |  | 179 |  |
Beginning balance, adjusted | 369 |  | 128 |  | 497 |  |
Provision for (recapture of) credit losses | 116 |  | (29) |  | 87 |  |
Ending balance | $ | 485 |  | $ | 99 |  | $ | 584 |  |
Allowance for credit losses at December 31 | $ | 3,822 |  | $ | 2,123 |  | $ | 5,945 |  |
(a) Excludes allowances for investment securities and other financial assets, which together totaled $109 million at December 31, 2020. (b) Represents the impact of adopting ASU 2016-13, Financial Instruments - Credit Losses on January 1, 2020 and our transition from an incurred loss methodology for our reserves to an expected credit loss methodology. (c) See Note 11 Commitments for additional information about the underlying commitments related to this allowance. A rollforward of the ALLL and associated loan data follows: Table 55: Rollforward of Allowance for Loan and Lease Losses and Associated Loan Data
At or for the year ended December 31 | 2019 |  | 2018 |
Dollars in millions | Commercial | Consumer | Total |  | Commercial | Consumer | Total |
Allowance for loan and lease losses |  |  |  |  |  |  |  |
January 1 | $ | 1,663 |  | $ | 966 |  | $ | 2,629 |  |  | $ | 1,582 |  | $ | 1,029 |  | $ | 2,611 |  |
Charge-offs | (216) |  | (758) |  | (974) |  |  | (124) |  | (640) |  | (764) |  |
Recoveries | 78 |  | 254 |  | 332 |  |  | 99 |  | 245 |  | 344 |  |
Net (charge-offs) | (138) |  | (504) |  | (642) |  |  | (25) |  | (395) |  | (420) |  |
Provision for credit losses | 320 |  | 453 |  | 773 |  |  | 97 |  | 311 |  | 408 |  |
Net (increase) / decrease in allowance for unfunded loan commitments and letters of credit | (34) |  | 1 |  | (33) |  |  | 11 |  | 1 |  | 12 |  |
Other | 1 |  | 14 |  | 15 |  |  | (2) |  | 20 |  | 18 |  |
December 31 | $ | 1,812 |  | $ | 930 |  | $ | 2,742 |  |  | $ | 1,663 |  | $ | 966 |  | $ | 2,629 |  |
TDRs individually evaluated for impairment | $ | 40 |  | $ | 93 |  | $ | 133 |  |  | $ | 25 |  | $ | 136 |  | $ | 161 |  |
Other loans individually evaluated for impairment | 58 |  |  | 58 |  |  | 48 |  |  | 48 |  |
Loans collectively evaluated for impairment | 1,714 |  | 563 |  | 2,277 |  |  | 1,590 |  | 555 |  | 2,145 |  |
Purchased impaired loans |  | 274 |  | 274 |  |  |  | 275 |  | 275 |  |
December 31 | $ | 1,812 |  | $ | 930 |  | $ | 2,742 |  |  | $ | 1,663 |  | $ | 966 |  | $ | 2,629 |  |
Loan portfolio |  |  |  |  |  |  |  |
TDRs individually evaluated for impairment | $ | 361 |  | $ | 1,303 |  | $ | 1,664 |  |  | $ | 409 |  | $ | 1,442 |  | $ | 1,851 |  |
Other loans individually evaluated for impairment | 220 |  |  | 220 |  |  | 232 |  |  | 232 |  |
Loans collectively evaluated for impairment | 160,021 |  | 75,477 |  | 235,498 |  |  | 151,641 |  | 69,722 |  | 221,363 |  |
Fair value option loans (a) |  | 742 |  | 742 |  |  |  | 782 |  | 782 |  |
Purchased impaired loans |  | 1,719 |  | 1,719 |  |  |  | 2,017 |  | 2,017 |  |
December 31 | $ | 160,602 |  | $ | 79,241 |  | $ | 239,843 |  |  | $ | 152,282 |  | $ | 73,963 |  | $ | 226,245 |  |
(a)Loans accounted for under the fair value option were not evaluated for impairment as these loans are accounted for at fair value. Accordingly, there was no allowance recorded on those loans.
Analysis Of Changes In The Allowance For Credit Losses | The following presents an analysis of changes impacting the ACL related to loans for the year ended December 31, 2020: Table 54: Analysis of Changes in the Allowance for Credit Losses (a) In millions (a) Excludes allowances for investment securities and other financial assets, which together totaled $109 million at December 31, 2020. (b) Portfolio changes primarily represent the impact of increases/decreases in loan balances, age and mix due to new originations/purchases, as well as credit quality and net charge-off activity. (c) Economic and qualitative factors primarily represent our evaluation and determination of an economic forecast applied to our loan portfolio, which is based on a three year forecast period and the use of four economic scenarios with associated probability weights, as well as updates to qualitative factor adjustments.

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