XML 28 R11.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

LOANS AND LEASES | 3 Months Ended
--- | ---
Mar. 31, 2024
Receivables [Abstract] |
LOANS AND LEASES | NOTE 3 - LOANS AND LEASES Loans held for investment are reported at the amount of their outstanding principal, net of charge-offs, unearned income, deferred loan origination fees and costs, and unamortized premiums or discounts on purchased loans. The following table presents loans and leases, excluding LHFS:
(dollars in millions) | March 31, 2024 |  | December 31, 2023
Commercial and industrial | $43,951 |  |  | $44,974 |
Commercial real estate | 28,872 |  |  | 29,471 |
Total commercial | 72,823 |  |  | 74,445 |
Residential mortgages | 31,512 |  |  | 31,332 |
Home equity | 15,113 |  |  | 15,040 |
Automobile | 7,277 |  |  | 8,258 |
Education | 11,646 |  |  | 11,834 |
Other retail | 4,817 |  |  | 5,050 |
Total retail | 70,365 |  |  | 71,514 |
Total loans and leases | $143,188 |  |  | $145,959 |
Accrued interest receivable on loans and leases held for investment totaled $850 million and $875 million as of March 31, 2024 and December 31, 2023, respectively, and is included in other assets in the Consolidated Balance Sheets. Loans pledged as collateral for FHLB borrowing capacity, primarily residential mortgages and home equity products, totaled $36.3 billion and $36.0 billion at March 31, 2024 and December 31, 2023, respectively. Loans pledged as collateral to support the contingent ability to borrow at the FRB discount window, if necessary, were primarily comprised of education, automobile, commercial and industrial, and commercial real estate loans, and totaled $31.1 billion and $31.9 billion at March 31, 2024 and December 31, 2023, respectively. Interest income on direct financing and sales-type leases for the three months ended March 31, 2024 and 2023 was $11 million and $12 million, respectively, and is reported within interest and fees on loans and leases in the Consolidated Statements of Operations. The following table presents the composition of LHFS:
| March 31, 2024 |  | December 31, 2023
(dollars in millions) | Residential Mortgages(1) | Commercial(2) | Total |  | Residential Mortgages(1) |  | Commercial(2) | Total
Loans held for sale at fair value | $437 |  | $68 |  | $505 |  |  | $614 |  |  | $62 |  | $676 |
Other loans held for sale | — |  | 50 |  | 50 |  |  | — |  |  | 103 |  | 103 |
(1) Residential mortgage LHFS are originated for sale. (2) Commercial LHFS at fair value consist of loans managed by the Company’s commercial secondary loan desk. Other commercial LHFS primarily consist of loans associated with the Company’s syndication business.

X
- Definition The entire disclosure for claims held for amounts due a company, excluding disclosure for allowance for credit losses. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Also excludes disclosure for financing receivables. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//310-10/tableOfContent + Details
Name: | us-gaap_LoansNotesTradeAndOtherReceivablesExcludingAllowanceForCreditLossesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration