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v3.23.1

Allowance for Credit Losses (Tables) | 3 Months Ended
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Mar. 31, 2023
Receivables [Abstract] |
Schedule of Allowance for Credit Losses | The ACL activity for loans and leases, unfunded commitments and investment securities is summarized in the following tables. ACL for Loans and Leases
dollars in millions |  |  | Three Months Ended March 31, 2023
|  |  |  |  |  |  | Commercial |  | Consumer |  | SVB |  | Total
Balance at beginning of period |  |  |  |  |  |  | $ | 789 |  |  | $ | 133 |  |  | $ | — |  |  | $ | 922 |
Initial PCD ACL |  |  |  |  |  |  | — |  |  | — |  |  | 200 |  |  | 200 |
Day 2 provision for loans and leases |  |  |  |  |  |  | — |  |  | — |  |  | 462 |  |  | 462 |
Provision for credit losses - loans and leases |  |  |  |  |  |  | 58 |  |  | 13 |  |  | — |  |  | 71 |
Total provision for credit losses- loans and leases |  |  |  |  |  |  | 58 |  |  | 13 |  |  | 462 |  |  | 533 |
Charge-offs |  |  |  |  |  |  | (55) |  |  | (7) |  |  | — |  |  | (62) |
Recoveries |  |  |  |  |  |  | 8 |  |  | 4 |  |  | — |  |  | 12 |
Balance at March 31, 2023 |  |  |  |  |  |  | $ | 800 |  |  | $ | 143 |  |  | $ | 662 |  |  | $ | 1,605 |
|  |  | Three Months Ended March 31, 2022
|  |  |  |  |  |  | Commercial |  | Consumer |  | SVB |  | Total
Balance at beginning of period |  |  |  |  |  |  | $ | 80 |  |  | $ | 98 |  |  | $ | — |  |  | $ | 178 |
Initial PCD ACL |  |  |  |  |  |  | 270 |  |  | 14 |  |  | — |  |  | 284 |
Day 2 provision for loans and leases |  |  |  |  |  |  | 432 |  |  | 22 |  |  | — |  |  | 454 |
Benefit for credit losses - loans and leases |  |  |  |  |  |  | (23) |  |  | (30) |  |  | — |  |  | (53) |
Total provision (benefit) for credit losses- loans and leases |  |  |  |  |  |  | 409 |  |  | (8) |  |  | — |  |  | 401 |
Charge-offs |  |  |  |  |  |  | (28) |  |  | (5) |  |  | — |  |  | (33) |
Recoveries |  |  |  |  |  |  | 12 |  |  | 6 |  |  | — |  |  | 18 |
Balance at March 31, 2022 |  |  |  |  |  |  | $ | 743 |  |  | $ | 105 |  |  | $ | — |  |  | $ | 848 |
ACL for Unfunded Commitments
dollars in millions |  |  | Three Months Ended March 31,
|  |  |  |  | 2023 |  | 2022
Beginning balance |  |  |  |  | $ | 106 |  |  | $ | 12 |
Day 2 provision for unfunded commitments |  |  |  |  | 254 |  |  | 59 |
(Benefit) provision for unfunded commitments |  |  |  |  | (8) |  |  | 4 |
Total provision for credit losses - unfunded commitments |  |  |  |  | 246 |  |  | 63 |
Ending balance |  |  |  |  | $ | 352 |  |  | $ | 75 |
ACL for Investment Securities
dollars in millions |  |  | Three Months Ended March 31,
|  |  |  |  | 2023 |  | 2022
Beginning balance |  |  |  |  | $ | — |  |  | $ | — |
Provision for credit losses - investment securities available for sale |  |  |  |  | 4 |  |  | — |
Ending balance |  |  |  |  | $ | 4 |  |  | $ | — |

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- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953423-111524 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447 + Details
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- References No definition available. + Details
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