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Loans and Leases | 9 Months Ended
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Sep. 30, 2023
Receivables [Abstract] |
LOANS AND LEASES | NOTE 4 — LOANS AND LEASES Unless otherwise noted, loans held for sale are not included in the following tables. Leases in the following tables include finance leases, but exclude operating lease equipment. As disclosed in Note 2—Business Combinations the following tables and text data as of September 30, 2023 include loans acquired in the SVBB Acquisition. Loans by Class
dollars in millions | September 30, 2023 |  | December 31, 2022
Commercial |  |  |
Commercial construction | $ | 3,382 |  |  | $ | 2,804 |
Owner occupied commercial mortgage | 15,230 |  |  | 14,473 |
Non-owner occupied commercial mortgage | 10,941 |  |  | 9,902 |
Commercial and industrial | 26,389 |  |  | 24,105 |
Leases | 2,108 |  |  | 2,171 |
Total commercial | 58,050 |  |  | 53,455 |
Consumer |  |  |
Residential mortgage | 14,287 |  |  | 13,309 |
Revolving mortgage | 1,909 |  |  | 1,951 |
Consumer auto | 1,411 |  |  | 1,414 |
Consumer other | 681 |  |  | 652 |
Total consumer | 18,288 |  |  | 17,326 |
SVB |  |  |
Global fund banking | 27,516 |  |  | — |
Investor dependent - early stage | 1,718 |  |  | — |
Investor dependent - growth stage | 3,948 |  |  | — |
Innovation C&I and cash flow dependent | 8,724 |  |  | — |
Private Bank | 9,648 |  |  | — |
CRE | 2,629 |  |  | — |
Other | 2,681 |  |  | — |
Total SVB | 56,864 |  |  | — |
Total loans and leases | $ | 133,202 |  |  | $ | 70,781 |
At September 30, 2023 and December 31, 2022, accrued interest receivable on loans included in other assets was $620 million and $203 million, respectively, and was excluded from the estimate of credit losses. There was a discount on acquired loans because the fair value was lower than the UPB as further discussed in Note 2—Business Combinations. The discount on acquired loans is accreted to interest income over the contractual life of the loan using the effective interest method as further discussed in Note 1—Significant Accounting Policies and Basis of Presentation. Accretion for the discount on acquired loans was $275 million and $535 million for the three and nine months ended September 30, 2023, respectively, and primarily related to the SVBB Acquisition. The following table presents selected components of the amortized cost of loans, including the unamortized discount on acquired loans. Components of Amortized Cost
dollars in millions | September 30, 2023 |  | December 31, 2022
Deferred (fees) costs, including unamortized costs and unearned fees on non-PCD loans | $ | (39) |  | $ | 34
Net unamortized discount on acquired loans |  |  |
Non-PCD | $ | 1,986 |  | $ | 73
PCD | 211 |  | 45 |
Total net unamortized discount | $ | 2,197 |  | $ | 118
The aging of the outstanding loans and leases by class at September 30, 2023 and December 31, 2022 is provided in the tables below. Loans and leases less than 30 days past due are considered current, as various grace periods allow borrowers to make payments within a stated period after the due date and remain in compliance with the respective agreement. Loans and Leases - Delinquency Status
dollars in millions | September 30, 2023
| 30-59 Days Past Due |  | 60-89 Days Past Due |  | 90 Days or Greater |  | Total Past Due |  | Current |  | Total
Commercial |  |  |  |  |  |  |  |  |  |  |
Commercial construction | $ | 17 |  |  | $ | 11 |  |  | $ | 12 |  |  | $ | 40 |  |  | $ | 3,342 |  |  | $ | 3,382 |
Owner occupied commercial mortgage | 29 |  |  | 4 |  |  | 44 |  |  | 77 |  |  | 15,153 |  |  | 15,230 |
Non-owner occupied commercial mortgage | 1 |  |  | 45 |  |  | 329 |  |  | 375 |  |  | 10,566 |  |  | 10,941 |
Commercial and industrial | 107 |  |  | 53 |  |  | 75 |  |  | 235 |  |  | 26,154 |  |  | 26,389 |
Leases | 43 |  |  | 16 |  |  | 12 |  |  | 71 |  |  | 2,037 |  |  | 2,108 |
Total commercial | 197 |  |  | 129 |  |  | 472 |  |  | 798 |  |  | 57,252 |  |  | 58,050 |
Consumer |  |  |  |  |  |  |  |  |  |  |
Residential mortgage | 95 |  |  | 22 |  |  | 52 |  |  | 169 |  |  | 14,118 |  |  | 14,287 |
Revolving mortgage | 13 |  |  | 3 |  |  | 9 |  |  | 25 |  |  | 1,884 |  |  | 1,909 |
Consumer auto | 8 |  |  | 2 |  |  | 2 |  |  | 12 |  |  | 1,399 |  |  | 1,411 |
Consumer other | 4 |  |  | 2 |  |  | 3 |  |  | 9 |  |  | 672 |  |  | 681 |
Total consumer | 120 |  |  | 29 |  |  | 66 |  |  | 215 |  |  | 18,073 |  |  | 18,288 |
SVB |  |  |  |  |  |  |  |  |  |  |
Global fund banking | — |  |  | — |  |  | — |  |  | — |  |  | 27,516 |  |  | 27,516 |
Investor dependent - early stage | 4 |  |  | 7 |  |  | 7 |  |  | 18 |  |  | 1,700 |  |  | 1,718 |
Investor dependent - growth stage | 5 |  |  | 17 |  |  | 1 |  |  | 23 |  |  | 3,925 |  |  | 3,948 |
Innovation C&I and cash flow dependent | 19 |  |  | 37 |  |  | 2 |  |  | 58 |  |  | 8,666 |  |  | 8,724 |
Private Bank | 8 |  |  | 10 |  |  | 14 |  |  | 32 |  |  | 9,616 |  |  | 9,648 |
CRE | 10 |  |  | — |  |  | — |  |  | 10 |  |  | 2,619 |  |  | 2,629 |
Other | 6 |  |  | 2 |  |  | 4 |  |  | 12 |  |  | 2,669 |  |  | 2,681 |
Total SVB | 52 |  |  | 73 |  |  | 28 |  |  | 153 |  |  | 56,711 |  |  | 56,864 |
Total loans and leases | $ | 369 |  |  | $ | 231 |  |  | $ | 566 |  |  | $ | 1,166 |  |  | $ | 132,036 |  |  | $ | 133,202 |
| December 31, 2022
| 30-59 Days Past Due |  | 60-89 Days Past Due |  | 90 Days or Greater |  | Total Past Due |  | Current |  | Total
Commercial |  |  |  |  |  |  |  |  |  |  |
Commercial construction | $ | 50 |  |  | $ | — |  |  | $ | 1 |  |  | $ | 51 |  |  | $ | 2,753 |  |  | $ | 2,804 |
Owner occupied commercial mortgage | 29 |  |  | 5 |  |  | 25 |  |  | 59 |  |  | 14,414 |  |  | 14,473 |
Non-owner occupied commercial mortgage | 76 |  |  | 144 |  |  | 11 |  |  | 231 |  |  | 9,671 |  |  | 9,902 |
Commercial and industrial | 173 |  |  | 26 |  |  | 53 |  |  | 252 |  |  | 23,853 |  |  | 24,105 |
Leases | 59 |  |  | 17 |  |  | 16 |  |  | 92 |  |  | 2,079 |  |  | 2,171 |
Total commercial | 387 |  |  | 192 |  |  | 106 |  |  | 685 |  |  | 52,770 |  |  | 53,455 |
Consumer |  |  |  |  |  |  |  |  |  |  |
Residential mortgage | 73 |  |  | 16 |  |  | 52 |  |  | 141 |  |  | 13,168 |  |  | 13,309 |
Revolving mortgage | 9 |  |  | 3 |  |  | 8 |  |  | 20 |  |  | 1,931 |  |  | 1,951 |
Consumer auto | 7 |  |  | 1 |  |  | 1 |  |  | 9 |  |  | 1,405 |  |  | 1,414 |
Consumer other | 4 |  |  | 2 |  |  | 3 |  |  | 9 |  |  | 643 |  |  | 652 |
Total consumer | 93 |  |  | 22 |  |  | 64 |  |  | 179 |  |  | 17,147 |  |  | 17,326 |
Total loans and leases | $ | 480 |  |  | $ | 214 |  |  | $ | 170 |  |  | $ | 864 |  |  | $ | 69,917 |  |  | $ | 70,781 |
The amortized cost by class of loans and leases on non-accrual status, and loans and leases greater than 90 days past due and still accruing at September 30, 2023 and December 31, 2022 are presented below. Loans on Non-Accrual Status (1) (2)
dollars in millions | September 30, 2023 |  | December 31, 2022
| Non-Accrual Loans |  | Loans > 90 Days and Accruing |  | Non-Accrual Loans |  | Loans > 90 Days and Accruing
Commercial |  |  |  |  |  |  |
Commercial construction | $ | 2 |  |  | $ | 10 |  |  | $ | 48 |  |  | $ | — |
Owner occupied commercial mortgage | 57 |  |  | 8 |  |  | 41 |  |  | 2 |
Non-owner occupied commercial mortgage | 334 |  |  | 67 |  |  | 228 |  |  | — |
Commercial and industrial | 213 |  |  | 8 |  |  | 184 |  |  | 41 |
Leases | 31 |  |  | 3 |  |  | 28 |  |  | 7 |
Total commercial | 637 |  |  | 96 |  |  | 529 |  |  | 50 |
Consumer |  |  |  |  |  |  |
Residential mortgage | 76 |  |  | 8 |  |  | 75 |  |  | 10 |
Revolving mortgage | 18 |  |  | — |  |  | 18 |  |  | — |
Consumer auto | 4 |  |  | — |  |  | 4 |  |  | — |
Consumer other | 1 |  |  | 3 |  |  | 1 |  |  | 3 |
Total consumer | 99 |  |  | 11 |  |  | 98 |  |  | 13 |
SVB |  |  |  |  |  |  |
Global fund banking | — |  |  | — |  |  | — |  |  | — |
Investor dependent - early stage | 30 |  |  | — |  |  | — |  |  | — |
Investor dependent - growth stage | 42 |  |  | — |  |  | — |  |  | — |
Innovation C&I and cash flow dependent | 18 |  |  | — |  |  | — |  |  | — |
Private Bank | 29 |  |  | — |  |  | — |  |  | — |
CRE | 43 |  |  | — |  |  | — |  |  | — |
Other | 1 |  |  | 4 |  |  | — |  |  | — |
Total SVB | 163 |  |  | 4 |  |  | — |  |  | — |
Total loans and leases | $ | 899 |  |  | $ | 111 |  |  | $ | 627 |  |  | $ | 63 |
(1) Accrued interest that was reversed when the loan went to non-accrual status was $8 million for the nine months ended September 30, 2023 and $4 million for the year ended December 31, 2022. (2) Non-accrual loans for which there was no related ALLL totaled $154 million at September 30, 2023 and $63 million at December 31, 2022. Other real estate owned (“OREO”) and repossessed assets were $62 million as of September 30, 2023 and $47 million as of December 31, 2022. Credit Quality Indicators Loans and leases are monitored for credit quality on a recurring basis. Commercial loans and leases and consumer loans have different credit quality indicators as a result of the unique characteristics of the loan classes being evaluated. The credit quality indicators for commercial loans and leases are developed through a review of individual borrowers on an ongoing basis. Commercial loans are evaluated periodically with more frequent evaluations done on criticized loans. The indicators as of the date presented are based on the most recent assessment performed and are defined below: Pass – A pass rated asset is not adversely classified because it does not display any of the characteristics for adverse classification. Special mention – A special mention asset has potential weaknesses which deserve management’s close attention. If left uncorrected, such potential weaknesses may result in deterioration of the repayment prospects or collateral position at some future date. Special mention assets are not adversely classified and do not warrant adverse classification. Substandard – A substandard asset is inadequately protected by the current net worth and paying capacity of the borrower or of the collateral pledged, if any. Assets classified as substandard generally have a well-defined weakness, or weaknesses, that jeopardize the liquidation of the debt. These assets are characterized by the distinct possibility of loss if the deficiencies are not corrected. Doubtful – An asset classified as doubtful has all the weaknesses inherent in an asset classified substandard with the added characteristic that the weaknesses make collection or liquidation in full highly questionable and improbable on the basis of currently existing facts, conditions and values. Loss – Assets classified as loss are considered uncollectible and of such little value it is inappropriate to be carried as an asset. This classification is not necessarily equivalent to any potential for recovery or salvage value, but rather it is not appropriate to defer a full charge-off even though partial recovery may be affected in the future. Ungraded – Ungraded loans represent loans not included in the individual credit grading process due to their relatively small balances or borrower type. The majority of ungraded loans at September 30, 2023 and December 31, 2022, relate to business credit cards. Business credit card loans are subject to automatic charge-off when they become 120 days past due in the same manner as unsecured consumer lines of credit. The credit quality indicator for consumer loans is based on delinquency status of the borrower as of the date presented. As the borrower becomes more delinquent, the likelihood of loss increases. An exemption is applied to government guaranteed loans as the principal repayments are insured by the Federal Housing Administration and U.S. Department of Veterans Affairs and thus remain on accrual status regardless of delinquency status. The following tables summarize the commercial and SVB loans disaggregated by year of origination and by risk rating. The consumer loan delinquency status by year of origination is also presented below. The tables reflect the amortized cost of the loans and include PCD loans. Commercial Loans - Risk Classifications by Class
September 30, 2023
Risk Classification: | Term Loans by Origination Year |  |  |  | Revolving Converted to Term Loans |  |
dollars in millions | 2023 |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | 2018 & Prior |  | Revolving |  |  | Total
Commercial construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 694 |  |  | $ | 1,305 |  |  | $ | 688 |  |  | $ | 264 |  |  | $ | 95 |  |  | $ | 58 |  |  | $ | 78 |  |  | $ | — |  |  | $ | 3,182 |
Special Mention | — |  |  | 58 |  |  | — |  |  | 60 |  |  | 30 |  |  | — |  |  | — |  |  | — |  |  | 148 |
Substandard | 1 |  |  | 1 |  |  | 14 |  |  | 31 |  |  | — |  |  | 5 |  |  | — |  |  | — |  |  | 52 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Ungraded | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total commercial construction | 695 |  |  | 1,364 |  |  | 702 |  |  | 355 |  |  | 125 |  |  | 63 |  |  | 78 |  |  | — |  |  | 3,382 |
Owner occupied commercial mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 1,701 |  |  | 2,775 |  |  | 3,179 |  |  | 2,770 |  |  | 1,625 |  |  | 2,275 |  |  | 165 |  |  | — |  |  | 14,490 |
Special Mention | 29 |  |  | 55 |  |  | 52 |  |  | 30 |  |  | 45 |  |  | 102 |  |  | 7 |  |  | — |  |  | 320 |
Substandard | 6 |  |  | 37 |  |  | 90 |  |  | 73 |  |  | 42 |  |  | 167 |  |  | 5 |  |  | — |  |  | 420 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Ungraded | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total owner occupied commercial mortgage | 1,736 |  |  | 2,867 |  |  | 3,321 |  |  | 2,873 |  |  | 1,712 |  |  | 2,544 |  |  | 177 |  |  | — |  |  | 15,230 |
Non-owner occupied commercial mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 1,740 |  |  | 2,567 |  |  | 1,668 |  |  | 1,418 |  |  | 1,003 |  |  | 1,254 |  |  | 54 |  |  | — |  |  | 9,704 |
Special Mention | 8 |  |  | — |  |  | 31 |  |  | 161 |  |  | 129 |  |  | 65 |  |  | — |  |  | — |  |  | 394 |
Substandard | 1 |  |  | 22 |  |  | 15 |  |  | 82 |  |  | 363 |  |  | 308 |  |  | — |  |  | — |  |  | 791 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | 33 |  |  | 19 |  |  | — |  |  | — |  |  | 52 |
Ungraded | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total non-owner occupied commercial mortgage | 1,749 |  |  | 2,589 |  |  | 1,714 |  |  | 1,661 |  |  | 1,528 |  |  | 1,646 |  |  | 54 |  |  | — |  |  | 10,941 |
Commercial and industrial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 6,742 |  |  | 4,882 |  |  | 3,266 |  |  | 1,536 |  |  | 1,116 |  |  | 1,142 |  |  | 5,607 |  |  | 4 |  |  | 24,295 |
Special Mention | 113 |  |  | 148 |  |  | 137 |  |  | 96 |  |  | 38 |  |  | 22 |  |  | 200 |  |  | — |  |  | 754 |
Substandard | 65 |  |  | 181 |  |  | 96 |  |  | 197 |  |  | 122 |  |  | 243 |  |  | 223 |  |  | 2 |  |  | 1,129 |
Doubtful | 1 |  |  | 10 |  |  | 6 |  |  | 1 |  |  | 28 |  |  | 22 |  |  | 20 |  |  | — |  |  | 88 |
Ungraded | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 123 |  |  | — |  |  | 123 |
Total commercial and industrial | 6,921 |  |  | 5,221 |  |  | 3,505 |  |  | 1,830 |  |  | 1,304 |  |  | 1,429 |  |  | 6,173 |  |  | 6 |  |  | 26,389 |
Leases |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 601 |  |  | 547 |  |  | 333 |  |  | 249 |  |  | 116 |  |  | 64 |  |  | — |  |  | — |  |  | 1,910 |
Special Mention | 13 |  |  | 22 |  |  | 22 |  |  | 7 |  |  | 6 |  |  | 2 |  |  | — |  |  | — |  |  | 72 |
Substandard | 21 |  |  | 34 |  |  | 24 |  |  | 21 |  |  | 8 |  |  | 9 |  |  | — |  |  | — |  |  | 117 |
Doubtful | 1 |  |  | 3 |  |  | 3 |  |  | 1 |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | 9 |
Ungraded | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total leases | 636 |  |  | 606 |  |  | 382 |  |  | 278 |  |  | 131 |  |  | 75 |  |  | — |  |  | — |  |  | 2,108 |
Total commercial | $ | 11,737 |  |  | $ | 12,647 |  |  | $ | 9,624 |  |  | $ | 6,997 |  |  | $ | 4,800 |  |  | $ | 5,757 |  |  | $ | 6,482 |  |  | $ | 6 |  |  | $ | 58,050 |
SVB - Risk Classifications by Class
September 30, 2023
Risk Classification: | Term Loans by Origination Year |  |  |  | Revolving Converted to Term Loans |  |
dollars in millions | 2023 |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | 2018 & Prior |  | Revolving |  |  | Total
Global fund banking |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 316 |  |  | $ | 226 |  |  | $ | 42 |  |  | $ | 42 |  |  | $ | 26 |  |  | $ | 3 |  |  | $ | 26,786 |  |  | $ | 57 |  |  | $ | 27,498 |
Special Mention | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 5 |  |  | — |  |  | 5 |
Substandard | — |  |  | 2 |  |  | 9 |  |  | 1 |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | 13 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Ungraded | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total global fund banking | 316 |  |  | 228 |  |  | 51 |  |  | 43 |  |  | 26 |  |  | 3 |  |  | 26,792 |  |  | 57 |  |  | 27,516 |
Investor dependent - early stage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 457 |  |  | 703 |  |  | 136 |  |  | 8 |  |  | 3 |  |  | — |  |  | 134 |  |  | 2 |  |  | 1,443 |
Special Mention | — |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1 |
Substandard | 16 |  |  | 119 |  |  | 65 |  |  | 5 |  |  | — |  |  | — |  |  | 44 |  |  | — |  |  | 249 |
Doubtful | 1 |  |  | 9 |  |  | 13 |  |  | — |  |  | — |  |  | — |  |  | 2 |  |  | — |  |  | 25 |
Ungraded | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total investor dependent - early stage | 474 |  |  | 832 |  |  | 214 |  |  | 13 |  |  | 3 |  |  | — |  |  | 180 |  |  | 2 |  |  | 1,718 |
Investor dependent - growth stage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 1,145 |  |  | 1,420 |  |  | 502 |  |  | 88 |  |  | 11 |  |  | 5 |  |  | 211 |  |  | 4 |  |  | 3,386 |
Special Mention | 1 |  |  | 78 |  |  | 7 |  |  | 15 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 101 |
Substandard | 52 |  |  | 189 |  |  | 77 |  |  | 63 |  |  | 1 |  |  | — |  |  | 37 |  |  | — |  |  | 419 |
Doubtful | 7 |  |  | 12 |  |  | 18 |  |  | — |  |  | — |  |  | — |  |  | 5 |  |  | — |  |  | 42 |
Ungraded | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total investor dependent - growth stage | 1,205 |  |  | 1,699 |  |  | 604 |  |  | 166 |  |  | 12 |  |  | 5 |  |  | 253 |  |  | 4 |  |  | 3,948 |
Innovation C&I and cash flow dependent |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 1,712 |  |  | 2,305 |  |  | 860 |  |  | 275 |  |  | 147 |  |  | 33 |  |  | 2,508 |  |  | — |  |  | 7,840 |
Special Mention | 38 |  |  | 51 |  |  | 36 |  |  | 51 |  |  | — |  |  | — |  |  | 40 |  |  | — |  |  | 216 |
Substandard | 62 |  |  | 128 |  |  | 222 |  |  | 48 |  |  | 26 |  |  | 15 |  |  | 154 |  |  | — |  |  | 655 |
Doubtful | — |  |  | — |  |  | 2 |  |  | — |  |  | — |  |  | — |  |  | 11 |  |  | — |  |  | 13 |
Ungraded | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total innovation C&I and cash flow dependent | 1,812 |  |  | 2,484 |  |  | 1,120 |  |  | 374 |  |  | 173 |  |  | 48 |  |  | 2,713 |  |  | — |  |  | 8,724 |
Private bank |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 991 |  |  | 2,328 |  |  | 2,169 |  |  | 1,381 |  |  | 758 |  |  | 1,145 |  |  | 804 |  |  | 11 |  |  | 9,587 |
Special Mention | 2 |  |  | 2 |  |  | 2 |  |  | — |  |  | — |  |  | 7 |  |  | 6 |  |  | — |  |  | 19 |
Substandard | — |  |  | — |  |  | — |  |  | 3 |  |  | 3 |  |  | 31 |  |  | 2 |  |  | 2 |  |  | 41 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | 1 |
Ungraded | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total private bank | 993 |  |  | 2,330 |  |  | 2,171 |  |  | 1,384 |  |  | 762 |  |  | 1,183 |  |  | 812 |  |  | 13 |  |  | 9,648 |
CRE |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 293 |  |  | 531 |  |  | 251 |  |  | 177 |  |  | 192 |  |  | 835 |  |  | 94 |  |  | 5 |  |  | 2,378 |
Special Mention | — |  |  | 8 |  |  | — |  |  | 1 |  |  | 6 |  |  | 21 |  |  | — |  |  | — |  |  | 36 |
Substandard | — |  |  | 6 |  |  | 18 |  |  | 26 |  |  | 73 |  |  | 51 |  |  | — |  |  | — |  |  | 174 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | 28 |  |  | 11 |  |  | 2 |  |  | — |  |  | 41 |
Ungraded | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total CRE | 293 |  |  | 545 |  |  | 269 |  |  | 204 |  |  | 299 |  |  | 918 |  |  | 96 |  |  | 5 |  |  | 2,629 |
Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 207 |  |  | 546 |  |  | 477 |  |  | 281 |  |  | 182 |  |  | 381 |  |  | 374 |  |  | 67 |  |  | 2,515 |
Special Mention | — |  |  | 7 |  |  | 4 |  |  | 13 |  |  | — |  |  | 10 |  |  | 1 |  |  | — |  |  | 35 |
Substandard | — |  |  | 42 |  |  | 16 |  |  | 8 |  |  | 9 |  |  | 31 |  |  | 25 |  |  | — |  |  | 131 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Ungraded | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total Other | 207 |  |  | 595 |  |  | 497 |  |  | 302 |  |  | 191 |  |  | 422 |  |  | 400 |  |  | 67 |  |  | 2,681 |
Total SVB | $ | 5,300 |  |  | $ | 8,713 |  |  | $ | 4,926 |  |  | $ | 2,486 |  |  | $ | 1,466 |  |  | $ | 2,579 |  |  | $ | 31,246 |  |  | $ | 148 |  |  | $ | 56,864 |
Consumer Loans - Delinquency Status by Class
September 30, 2023
Days Past Due: | Term Loans by Origination Year |  |  |  | Revolving Converted to Term Loans |  |
dollars in millions | 2023 |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | 2018 & Prior |  | Revolving |  |  | Total
Residential mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current | $ | 1,676 |  |  | $ | 3,538 |  |  | $ | 3,551 |  |  | $ | 1,942 |  |  | $ | 716 |  |  | $ | 2,687 |  |  | $ | 8 |  |  | $ | — |  |  | $ | 14,118 |
30-59 days | 2 |  |  | 5 |  |  | 8 |  |  | 8 |  |  | 5 |  |  | 67 |  |  | — |  |  | — |  |  | 95 |
60-89 days | — |  |  | 3 |  |  | 4 |  |  | — |  |  | 1 |  |  | 14 |  |  | — |  |  | — |  |  | 22 |
90 days or greater | 1 |  |  | 2 |  |  | 4 |  |  | 4 |  |  | 1 |  |  | 40 |  |  | — |  |  | — |  |  | 52 |
Total residential mortgage | 1,679 |  |  | 3,548 |  |  | 3,567 |  |  | 1,954 |  |  | 723 |  |  | 2,808 |  |  | 8 |  |  | — |  |  | 14,287 |
Revolving mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,805 |  |  | 79 |  |  | 1,884 |
30-59 days | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 9 |  |  | 4 |  |  | 13 |
60-89 days | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | 2 |  |  | 3 |
90 days or greater | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 5 |  |  | 4 |  |  | 9 |
Total revolving mortgage | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,820 |  |  | 89 |  |  | 1,909 |
Consumer auto |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current | 385 |  |  | 470 |  |  | 290 |  |  | 149 |  |  | 68 |  |  | 37 |  |  | — |  |  | — |  |  | 1,399 |
30-59 days | 1 |  |  | 2 |  |  | 2 |  |  | 2 |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | 8 |
60-89 days | — |  |  | 1 |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2 |
90 days or greater | — |  |  | 1 |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2 |
Total consumer auto | 386 |  |  | 474 |  |  | 294 |  |  | 151 |  |  | 69 |  |  | 37 |  |  | — |  |  | — |  |  | 1,411 |
Consumer other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current | 117 |  |  | 115 |  |  | 59 |  |  | 9 |  |  | 5 |  |  | 17 |  |  | 350 |  |  | — |  |  | 672 |
30-59 days | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | 3 |  |  | — |  |  | 4 |
60-89 days | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | 1 |  |  | — |  |  | 2 |
90 days or greater | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | 2 |  |  | — |  |  | 3 |
Total consumer other | 117 |  |  | 115 |  |  | 59 |  |  | 9 |  |  | 5 |  |  | 20 |  |  | 356 |  |  | — |  |  | 681 |
Total consumer | $ | 2,182 |  |  | $ | 4,137 |  |  | $ | 3,920 |  |  | $ | 2,114 |  |  | $ | 797 |  |  | $ | 2,865 |  |  | $ | 2,184 |  |  | $ | 89 |  |  | $ | 18,288 |
The following tables represent current credit quality indicators by origination year as of December 31, 2022: Commercial Loans - Risk Classifications by Class
December 31, 2022
Risk Classification: | Term Loans by Origination Year |  |  |  | Revolving Converted to Term Loans |  |
dollars in millions | 2022 |  | 2021 |  | 2020 |  | 2019 |  | 2018 |  | 2017 & Prior |  | Revolving |  |  | Total
Commercial construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 1,140 |  |  | $ | 759 |  |  | $ | 511 |  |  | $ | 157 |  |  | $ | 27 |  |  | $ | 75 |  |  | $ | 42 |  |  | $ | — |  |  | $ | 2,711 |
Special Mention | 4 |  |  | — |  |  | 18 |  |  | 18 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 40 |
Substandard | 2 |  |  | — |  |  | — |  |  | 43 |  |  | — |  |  | 5 |  |  | — |  |  | — |  |  | 50 |
Doubtful | — |  |  | — |  |  | — |  |  | 3 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3 |
Ungraded | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total commercial construction | 1,146 |  |  | 759 |  |  | 529 |  |  | 221 |  |  | 27 |  |  | 80 |  |  | 42 |  |  | — |  |  | 2,804 |
Owner occupied commercial mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 2,773 |  |  | 3,328 |  |  | 2,966 |  |  | 1,825 |  |  | 1,048 |  |  | 1,867 |  |  | 177 |  |  | — |  |  | 13,984 |
Special Mention | 33 |  |  | 14 |  |  | 32 |  |  | 33 |  |  | 18 |  |  | 49 |  |  | 2 |  |  | — |  |  | 181 |
Substandard | 24 |  |  | 47 |  |  | 41 |  |  | 28 |  |  | 47 |  |  | 114 |  |  | 6 |  |  | — |  |  | 307 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | — |  |  | 1 |
Ungraded | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total owner occupied commercial mortgage | 2,830 |  |  | 3,389 |  |  | 3,039 |  |  | 1,886 |  |  | 1,113 |  |  | 2,031 |  |  | 185 |  |  | — |  |  | 14,473 |
Non-owner occupied commercial mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 2,501 |  |  | 1,658 |  |  | 1,794 |  |  | 1,397 |  |  | 680 |  |  | 933 |  |  | 48 |  |  | — |  |  | 9,011 |
Special Mention | — |  |  | 1 |  |  | 69 |  |  | 38 |  |  | 35 |  |  | 10 |  |  | 1 |  |  | — |  |  | 154 |
Substandard | 3 |  |  | 11 |  |  | 68 |  |  | 324 |  |  | 58 |  |  | 236 |  |  | — |  |  | — |  |  | 700 |
Doubtful | — |  |  | — |  |  | — |  |  | 17 |  |  | — |  |  | 20 |  |  | — |  |  | — |  |  | 37 |
Ungraded | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total non-owner occupied commercial mortgage | 2,504 |  |  | 1,670 |  |  | 1,931 |  |  | 1,776 |  |  | 773 |  |  | 1,199 |  |  | 49 |  |  | — |  |  | 9,902 |
Commercial and industrial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 7,695 |  |  | 4,145 |  |  | 2,035 |  |  | 1,533 |  |  | 872 |  |  | 845 |  |  | 5,252 |  |  | 29 |  |  | 22,406 |
Special Mention | 87 |  |  | 153 |  |  | 79 |  |  | 63 |  |  | 52 |  |  | 23 |  |  | 40 |  |  | — |  |  | 497 |
Substandard | 106 |  |  | 117 |  |  | 194 |  |  | 132 |  |  | 166 |  |  | 145 |  |  | 200 |  |  | 1 |  |  | 1,061 |
Doubtful | 1 |  |  | 4 |  |  | 3 |  |  | 11 |  |  | 6 |  |  | 16 |  |  | 7 |  |  | — |  |  | 48 |
Ungraded | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 93 |  |  | — |  |  | 93 |
Total commercial and industrial | 7,889 |  |  | 4,419 |  |  | 2,311 |  |  | 1,739 |  |  | 1,096 |  |  | 1,029 |  |  | 5,592 |  |  | 30 |  |  | 24,105 |
Leases |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 718 |  |  | 466 |  |  | 389 |  |  | 216 |  |  | 80 |  |  | 108 |  |  | — |  |  | — |  |  | 1,977 |
Special Mention | 21 |  |  | 22 |  |  | 17 |  |  | 9 |  |  | 4 |  |  | — |  |  | — |  |  | — |  |  | 73 |
Substandard | 32 |  |  | 32 |  |  | 27 |  |  | 12 |  |  | 7 |  |  | 1 |  |  | — |  |  | — |  |  | 111 |
Doubtful | 2 |  |  | 3 |  |  | 2 |  |  | 1 |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | 9 |
Ungraded | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | — |  |  | 1 |
Total leases | 773 |  |  | 523 |  |  | 435 |  |  | 238 |  |  | 92 |  |  | 110 |  |  | — |  |  | — |  |  | 2,171 |
Total commercial | $ | 15,142 |  |  | $ | 10,760 |  |  | $ | 8,245 |  |  | $ | 5,860 |  |  | $ | 3,101 |  |  | $ | 4,449 |  |  | $ | 5,868 |  |  | $ | 30 |  |  | $ | 53,455 |
Consumer Loans - Delinquency Status by Class
December 31, 2022
Days Past Due: | Term Loans by Origination Year |  |  |  | Revolving Converted to Term Loans |  |
dollars in millions | 2022 |  | 2021 |  | 2020 |  | 2019 |  | 2018 |  | 2017 & Prior |  | Revolving |  |  | Total
Residential mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current | $ | 3,485 |  |  | $ | 3,721 |  |  | $ | 2,097 |  |  | $ | 805 |  |  | $ | 413 |  |  | $ | 2,625 |  |  | $ | 22 |  |  | $ | — |  |  | $ | 13,168 |
30-59 days | 3 |  |  | 7 |  |  | 6 |  |  | 5 |  |  | 3 |  |  | 49 |  |  | — |  |  | — |  |  | 73 |
60-89 days | 1 |  |  | 1 |  |  | 2 |  |  | — |  |  | 1 |  |  | 11 |  |  | — |  |  | — |  |  | 16 |
90 days or greater | — |  |  | 1 |  |  | 1 |  |  | 2 |  |  | 2 |  |  | 46 |  |  | — |  |  | — |  |  | 52 |
Total residential mortgage | 3,489 |  |  | 3,730 |  |  | 2,106 |  |  | 812 |  |  | 419 |  |  | 2,731 |  |  | 22 |  |  | — |  |  | 13,309 |
Revolving mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,839 |  |  | 92 |  |  | 1,931 |
30-59 days | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 5 |  |  | 4 |  |  | 9 |
60-89 days | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2 |  |  | 1 |  |  | 3 |
90 days or greater | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 5 |  |  | 3 |  |  | 8 |
Total revolving mortgage | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,851 |  |  | 100 |  |  | 1,951 |
Consumer auto |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current | 599 |  |  | 398 |  |  | 216 |  |  | 111 |  |  | 59 |  |  | 22 |  |  | — |  |  | — |  |  | 1,405 |
30-59 days | 1 |  |  | 2 |  |  | 2 |  |  | 1 |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | 7 |
60-89 days | — |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1 |
90 days or greater | — |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1 |
Total consumer auto | 600 |  |  | 402 |  |  | 218 |  |  | 112 |  |  | 60 |  |  | 22 |  |  | — |  |  | — |  |  | 1,414 |
Consumer other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current | 160 |  |  | 82 |  |  | 13 |  |  | 6 |  |  | 2 |  |  | 19 |  |  | 361 |  |  | — |  |  | 643 |
30-59 days | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | 3 |  |  | — |  |  | 4 |
60-89 days | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | 1 |  |  | — |  |  | 2 |
90 days or greater | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | 2 |  |  | — |  |  | 3 |
Total consumer other | 160 |  |  | 82 |  |  | 13 |  |  | 6 |  |  | 2 |  |  | 22 |  |  | 367 |  |  | — |  |  | 652 |
Total consumer | $ | 4,249 |  |  | $ | 4,214 |  |  | $ | 2,337 |  |  | $ | 930 |  |  | $ | 481 |  |  | $ | 2,775 |  |  | $ | 2,240 |  |  | $ | 100 |  |  | $ | 17,326 |
Gross Charge-offs Gross charge-off vintage disclosures by origination year and loan class are summarized in the following table for the nine months ended September 30, 2023: Gross Charge-offs
Nine Months Ended September 30, 2023
| Term Loans by Origination Year |  |  |  | Revolving Converted to Term Loans |  |
dollars in millions | 2023 |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | 2018 & Prior |  | Revolving |  |  | Total
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owner occupied commercial mortgage | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1 |  |  | $ | — |  |  | $ | 1 |
Non-owner occupied commercial mortgage | — |  |  | — |  |  | — |  |  | — |  |  | 48 |  |  | 12 |  |  | — |  |  | — |  |  | 60 |
Commercial and industrial | 5 |  |  | 53 |  |  | 23 |  |  | 7 |  |  | 4 |  |  | 11 |  |  | 27 |  |  | 1 |  |  | 131 |
Leases | 1 |  |  | 7 |  |  | 4 |  |  | 3 |  |  | 1 |  |  | 1 |  |  | — |  |  | — |  |  | 17 |
Total commercial | 6 |  |  | 60 |  |  | 27 |  |  | 10 |  |  | 53 |  |  | 24 |  |  | 28 |  |  | 1 |  |  | 209 |
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2 |  |  | — |  |  | — |  |  | 2 |
Consumer auto | — |  |  | 1 |  |  | — |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2 |
Consumer other | 5 |  |  | 1 |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | 9 |  |  | — |  |  | 16 |
Total consumer | 5 |  |  | 2 |  |  | 1 |  |  | 1 |  |  | — |  |  | 2 |  |  | 9 |  |  | — |  |  | 20 |
SVB |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investor dependent - early stage | 1 |  |  | 17 |  |  | 18 |  |  | 3 |  |  | — |  |  | — |  |  | 10 |  |  | — |  |  | 49 |
Investor dependent - growth stage | 24 |  |  | 40 |  |  | 17 |  |  | 13 |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | 95 |
Innovation C&I and cash flow dependent | 7 |  |  | — |  |  | — |  |  | 40 |  |  | — |  |  | — |  |  | 17 |  |  | — |  |  | 64 |
Total SVB | 32 |  |  | 57 |  |  | 35 |  |  | 56 |  |  | — |  |  | — |  |  | 28 |  |  | — |  |  | 208 |
Total loans and leases | $ | 43 |  |  | $ | 119 |  |  | $ | 63 |  |  | $ | 67 |  |  | $ | 53 |  |  | $ | 26 |  |  | $ | 65 |  |  | $ | 1 |  |  | $ | 437 |
Loan Modifications for Borrowers Experiencing Financial Difficulties On January 1, 2023, we adopted ASU 2022-02 as further discussed in Note 1—Significant Accounting Policies and Basis of Presentation. The Modification Disclosures required by ASU 2022-02 are included below. As part of BancShares’ ongoing credit risk management practices, BancShares attempts to work with borrowers when necessary to extend or modify loan terms to better align with borrowers current ability to repay. BancShares’ modifications granted to debtors experiencing financial difficulties typically take the form of term extensions, interest rate reductions, other-than-insignificant payment delays, principal forgiveness, or a combination thereof. Modifications are made in accordance with internal policies and guidelines to conform to regulatory guidance. The following tables present loan modifications made to debtors experiencing financial difficulty, disaggregated by class and type of loan modification. The tables also include the weighted average term extensions, as well as the modification total relative to the total period-end amortized cost basis of loans in the respective loan class. Loan Modifications Made to Borrowers Experiencing Financial Difficulty (three months ended September 30, 2023)
dollars in millions | Term Extension(1) |  | Other Than Insignificant Payment Delay | Interest Rate Reduction
| Amortized Cost |  | Weighted Average Term Extension (Months) |  | Amortized Cost |  | Weighted Average Payment Delay (Months) |  | Amortized Cost |  | Weighted Average Interest Rate Reduction
Commercial |  |  |  |  |  |  |  |  |  |  |
Commercial construction | $ | 13 |  |  | 3 |  | $ | — |  |  | — |  |  | $ | — |  |  | — | %
Owner occupied commercial mortgage | 1 |  |  | 19 |  | — |  |  | — |  |  | — |  |  | 4.25 |
Non-owner occupied commercial mortgage | 137 |  |  | 6 |  | — |  |  | — |  |  | — |  |  | — |
Commercial and industrial | 41 |  |  | 14 |  | 13 |  |  | 7 |  | — |  |  | — |
Total commercial | 192 |  |  | 8 |  | 13 |  |  | 7 |  | — |  |  | 4.25 |
Consumer |  |  |  |  |  |  |  |  |  |  |
Residential mortgage | 3 |  |  | 106 |  | — |  |  | — |  |  | — |  |  | — |
Revolving mortgage | — |  |  | 60 |  | — |  |  | — |  |  | — |  |  | — |
Consumer other | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 8.35 |
Total consumer | 3 |  |  | 103 |  | — |  |  | — |  |  | — |  |  | 8.35 |
SVB |  |  |  |  |  |  |  |  |  |  |
Investor dependent - early stage | 2 |  |  | 3 |  | 12 |  |  | 5 |  | — |  |  | — |
Investor dependent - growth stage | 9 |  |  | 11 |  | 14 |  |  | 5 |  | — |  |  | — |
Innovation C&I and cash flow dependent | 20 |  |  | 4 |  | — |  |  | — |  |  | — |  |  | — |
Private Bank | 4 |  |  | 11 |  | — |  |  | — |  |  | — |  |  | — |
CRE | 14 |  |  | 9 |  | — |  |  | — |  |  | — |  |  | — |
Other | 3 |  |  | 6 |  | — |  |  | — |  |  | — |  |  | — |
Total SVB | 52 |  |  | 7 |  | 26 |  |  | 5 |  | — |  |  | — |
Total loans and leases | $ | 247 |  |  | 9 |  | $ | 39 |  |  | 6 |  | $ | — |  |  | 7.69 | %
dollars in millions | Term Extension(1) and Interest Rate Reduction |  | Term Extension(1) and Other Than Insignificant Payment Delay |  | Total
| Amortized Cost |  | Weighted Average Term Extension (Months) |  | Weighted Average Interest Rate Reduction |  | Amortized Cost |  | Weighted Average Term Extension (Months) |  | Weighted Average Payment Delay (Months) |  | Amortized Cost |  | Total as a % of Loan and Lease Class
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial construction | $ | — |  |  | — |  |  | — | % |  | $ | — |  |  | — |  |  | — |  |  | $ | 13 |  |  | 0.40 | %
Owner occupied commercial mortgage | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | 0.01 |
Non-owner occupied commercial mortgage | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 137 |  |  | 1.25 |
Commercial and industrial | 3 |  |  | 22 |  | 2.11 |  |  | — |  |  | — |  |  | — |  |  | 57 |  |  | 0.22 |
Total commercial | 3 |  |  | 22 |  | 2.11 |  |  | — |  |  | — |  |  | — |  |  | 208 |  |  | 0.36 |
Consumer |  |  |  |  |  |  |  |  | — |  |  |  |  |  |  |
Residential mortgage | — |  |  | 48 |  | 5.25 |  |  | — |  |  | — |  |  | — |  |  | 3 |  |  | 0.02 |
Revolving mortgage | — |  |  | 57 |  | 3.40 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 0.02 |
Consumer other | — |  |  | 36 |  | 0.25 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 0.01 |
Total consumer | — |  |  | 56 |  | 3.44 |  |  | — |  |  | — |  |  | — |  |  | 3 |  |  | 0.02 |
SVB |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investor dependent - early stage | 6 |  |  | 12 |  | 1.00 |  |  | — |  |  | — |  |  | — |  |  | 20 |  |  | 1.17 |
Investor dependent - growth stage | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 23 |  |  | 0.58 |
Innovation C&I and cash flow dependent | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 20 |  |  | 0.23 |
Private Bank | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 4 |  |  | 0.04 |
CRE | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 14 |  |  | 0.54 |
Other | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3 |  |  | 0.10 |
Total SVB | 6 |  |  | 12 |  | 1.00 |  |  | — |  |  | — |  |  | — |  |  | 84 |  |  | 0.15 |
Total loans and leases | $ | 9 |  |  | 17 |  | 1.45 | % |  | $ | — |  |  | — |  |  | — |  |  | $ | 295 |  |  | 0.22 | %
Loan Modifications Made to Borrowers Experiencing Financial Difficulty (nine months ended September 30, 2023)
dollars in millions | Term Extension(1) |  | Other Than Insignificant Payment Delay | Interest Rate Reduction
| Amortized Cost |  | Weighted Average Term Extension (Months) |  | Amortized Cost |  | Weighted Average Payment Delay (Months) |  | Amortized Cost |  | Weighted Average Interest Rate Reduction
Commercial |  |  |  |  |  |  |  |  |  |  |
Commercial construction | $ | 14 |  |  | 4 |  | $ | — |  |  | — |  |  | $ | — |  |  | — | %
Owner occupied commercial mortgage | 23 |  |  | 14 |  | — |  |  | — |  |  | 2 |  |  | 3.63 |
Non-owner occupied commercial mortgage | 309 |  |  | 11 |  | — |  |  | — |  |  | — |  |  | — |
Commercial and industrial | 103 |  |  | 20 |  | 28 |  |  | 6 |  | — |  |  | 14.40 |
Total commercial | 449 |  |  | 13 |  | 28 |  |  | 6 |  | 2 |  |  | 3.63 |
Consumer |  |  |  |  |  |  |  |  |  |  |
Residential mortgage | 5 |  |  | 91 |  | — |  |  | — |  |  | — |  |  | — |
Revolving mortgage | — |  |  | 60 |  | — |  |  | — |  |  | — |  |  | — |
Consumer auto | — |  |  | 18 |  | — |  |  | — |  |  | — |  |  | — |
Consumer other | — |  |  | 60 |  | — |  |  | — |  |  | — |  |  | 8.86 |
Total consumer | 5 |  |  | 89 |  | — |  |  | — |  |  | — |  |  | 8.86 |
SVB |  |  |  |  |  |  |  |  |  |  |
Investor dependent - early stage | 3 |  |  | 4 |  | 18 |  |  | 5 |  | — |  |  | — |
Investor dependent - growth stage | 9 |  |  | 11 |  | 14 |  |  | 5 |  | — |  |  | — |
Innovation C&I and cash flow dependent | 79 |  |  | 4 |  | — |  |  | — |  |  | — |  |  | — |
Private Bank | 4 |  |  | 11 |  | — |  |  | — |  |  | — |  |  | — |
CRE | 14 |  |  | 9 |  | — |  |  | — |  |  | — |  |  | — |
Other | 3 |  |  | 7 |  | — |  |  | — |  |  | — |  |  | — |
Total SVB | 112 |  |  | 6 |  | 32 |  |  | 5 |  | — |  |  | — |
Total loans and leases | $ | 566 |  |  | 12 |  | $ | 60 |  |  | 6 |  | $ | 2 |  |  | 4.01 | %
dollars in millions | Term Extension(1) and Interest Rate Reduction |  | Term Extension(1) and Other Than Insignificant Payment Delay |  | Total
| Amortized Cost |  | Weighted Average Term Extension (Months) |  | Weighted Average Interest Rate Reduction |  | Amortized Cost |  | Weighted Average Term Extension (Months) |  | Weighted Average Payment Delay (Months) |  | Amortized Cost |  | Total as a % of Loan and Lease Class
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial construction | $ | — |  |  | — |  |  | — | % |  | $ | — |  |  | — |  |  | — |  |  | $ | 14 |  |  | 0.41 | %
Owner occupied commercial mortgage | — |  |  | 36 |  | 2.00 |  |  | — |  |  | — |  |  | — |  |  | 25 |  |  | 0.16 |
Non-owner occupied commercial mortgage | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 309 |  |  | 2.82 |
Commercial and industrial | 3 |  |  | 23 |  | 2.25 |  |  | — |  |  | — |  |  | — |  |  | 134 |  |  | 0.51 |
Total commercial | 3 |  |  | 23 |  | 2.24 |  |  | — |  |  | — |  |  | — |  |  | 482 |  |  | 0.83 |
Consumer |  |  |  |  |  |  |  |  | — |  |  |  |  |  |  |
Residential mortgage | 3 |  |  | 62 |  | 3.52 |  |  | — |  |  | — |  |  | — |  |  | 8 |  |  | 0.06 |
Revolving mortgage | — |  |  | 54 |  | 2.44 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 0.03 |
Consumer auto | — |  |  | 31 |  | 0.70 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 0.01 |
Consumer other | — |  |  | 36 |  | 0.25 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 0.02 |
Total consumer | 3 |  |  | 61 |  | 3.38 |  |  | — |  |  | — |  |  | — |  |  | 8 |  |  | 0.05 |
SVB |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investor dependent - early stage | 6 |  |  | 12 |  | 1.00 |  |  | — |  |  | — |  |  | — |  |  | 27 |  |  | 1.59 |
Investor dependent - growth stage | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 23 |  |  | 0.58 |
Innovation C&I and cash flow dependent | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 79 |  |  | 0.90 |
Private Bank | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 4 |  |  | 0.04 |
CRE | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 14 |  |  | 0.54 |
Other | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3 |  |  | 0.10 |
Total SVB | 6 |  |  | 12 |  | 1.00 |  |  | — |  |  | — |  |  | — |  |  | 150 |  |  | 0.26 |
Total loans and leases | $ | 12 |  |  | 28 |  | 1.98 | % |  | $ | — |  |  | — |  |  | — |  |  | $ | 640 |  |  | 0.48 | %
(1) Term extensions include loans where the balloon payment has been deferred to a later date or is amortizing over an extended period. Borrowers experiencing financial difficulties are typically identified in our credit risk management process before loan modifications occur. An assessment of whether a borrower is experiencing financial difficulty is reassessed or performed on the date of a modification. Since the effect of most modifications made to borrowers experiencing financial difficulty is already included in the ALLL because of the measurement methodologies used to estimate the allowance, a change to the ALLL is generally not recorded upon modification. Upon BancShares’ determination that a modified loan (or portion of a loan) has subsequently been deemed uncollectible, the loan (or a portion of the loan) is charged off. At September 30, 2023, there were $21 million of modified loans which defaulted subsequent to modification. Of this amount, $15 million related to one borrower within the Innovation and cash flow dependent loan class and $3 million related to one borrower within the Investor dependent - early stage loan class. The following tables present the amortized cost and performance of modified loans to borrowers experiencing financial difficulties. The period of delinquency is based on the number of days the scheduled payment is contractually past due. Modified Loans Payment Status (three months ended September 30, 2023)
dollars in millions | Current |  | 30–59 Days Past Due |  | 60–89 Days Past Due |  | 90 days or greater Past Due |  | Total
Commercial |  |  |  |  |  |  |  |  |
Commercial construction | $ | 13 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 13 |
Owner occupied commercial mortgage | 1 |  |  | — |  |  | — |  |  | — |  |  | 1 |
Non-owner occupied commercial mortgage | 137 |  |  | — |  |  | — |  |  | — |  |  | 137 |
Commercial and industrial | 57 |  |  | — |  |  | — |  |  | — |  |  | 57 |
Total commercial | 208 |  |  | — |  |  | — |  |  | — |  |  | 208 |
Consumer |  |  |  |  |  |  |  |  |
Residential mortgage | 2 |  |  | 1 |  |  | — |  |  | — |  |  | 3 |
Total consumer | 2 |  |  | 1 |  |  | — |  |  | — |  |  | 3 |
SVB |  |  |  |  |  |  |  |  |
Investor dependent - early stage | 20 |  |  | — |  |  | — |  |  | — |  |  | 20 |
Investor dependent - growth stage | 20 |  |  | — |  |  | 3 |  |  | — |  |  | 23 |
Innovation C&I and cash flow dependent | 20 |  |  | — |  |  | — |  |  | — |  |  | 20 |
Private Bank | 4 |  |  | — |  |  | — |  |  | — |  |  | 4 |
CRE | 14 |  |  | — |  |  | — |  |  | — |  |  | 14 |
Other | 3 |  |  | — |  |  | — |  |  | — |  |  | 3 |
Total SVB | 81 |  |  | — |  |  | 3 |  |  | — |  |  | 84 |
Total loans and leases | $ | 291 |  |  | $ | 1 |  |  | $ | 3 |  |  | $ | — |  |  | $ | 295 |
Modified Loans Payment Status (nine months ended September 30, 2023)
dollars in millions | Current |  | 30–59 Days Past Due |  | 60–89 Days Past Due |  | 90 days or greater Past Due |  | Total
Commercial |  |  |  |  |  |  |  |  |
Commercial construction | $ | 14 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 14 |
Owner occupied commercial mortgage | 25 |  |  | — |  |  | — |  |  | — |  |  | 25 |
Non-owner occupied commercial mortgage | 272 |  |  | — |  |  | — |  |  | 37 |  |  | 309 |
Commercial and industrial | 134 |  |  | — |  |  | — |  |  | — |  |  | 134 |
Total commercial | 445 |  |  | — |  |  | — |  |  | 37 |  |  | 482 |
Consumer |  |  |  |  |  |  |  |  |
Residential mortgage | 7 |  |  | 1 |  |  | — |  |  | — |  |  | 8 |
Revolving mortgage | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total consumer | 7 |  |  | 1 |  |  | — |  |  | — |  |  | 8 |
SVB |  |  |  |  |  |  |  |  |
Investor dependent - early stage | 24 |  |  | — |  |  | 3 |  |  | — |  |  | 27 |
Investor dependent - growth stage | 20 |  |  | — |  |  | 3 |  |  | — |  |  | 23 |
Innovation C&I and cash flow dependent | 63 |  |  | 16 |  |  | — |  |  | — |  |  | 79 |
Private Bank | 4 |  |  | — |  |  | — |  |  | — |  |  | 4 |
CRE | 14 |  |  | — |  |  | — |  |  | — |  |  | 14 |
Other | 3 |  |  | — |  |  | — |  |  | — |  |  | 3 |
Total SVB | 128 |  |  | 16 |  |  | 6 |  |  | — |  |  | 150 |
Total loans and leases | $ | 580 |  |  | $ | 17 |  |  | $ | 6 |  |  | $ | 37 |  |  | $ | 640 |
At September 30, 2023, there were $25 million of commitments to lend additional funds to debtors experiencing financial difficulty for which the terms of the loan were modified. Prior Period Troubled Debt Restructuring The following includes disclosures for certain loan modifications or restructurings as troubled debt restructurings (“TDRs”) for historical periods prior to adoption of ASU 2022-02. In general, a modification or restructuring of a loan was considered a TDR if, for economic or legal reasons related to a borrower’s financial difficulties, a concession is granted to the borrower that creditors would not otherwise consider. Many aspects of a borrower’s financial situation are assessed when determining whether they are experiencing financial difficulty. Concessions may have related to the contractual interest rate, maturity date, payment structure or other actions. The assessments of whether a borrower was experiencing (or is likely to experience) financial difficulty, and whether a concession had been granted, were subjective in nature and management’s judgment was required when determining whether a modification was classified as a TDR. Modified loans that met the definition of a TDR were subject to BancShares’ individually reviewed loans policy. The following table presents amortized cost of TDRs: TDRs
dollars in millions | December 31, 2022
| Accruing |  | Non-Accruing |  | Total
Commercial |  |  |  |  |
Commercial construction | $ | 2 |  |  | $ | 1 |  |  | $ | 3 |
Owner occupied commercial mortgage | 46 |  |  | 9 |  |  | 55 |
Non-owner occupied commercial mortgage | 24 |  |  | 30 |  |  | 54 |
Commercial and industrial | 26 |  |  | 8 |  |  | 34 |
Leases | — |  |  | 1 |  |  | 1 |
Total commercial | 98 |  |  | 49 |  |  | 147 |
Consumer |  |  |  |  |
Residential mortgage | 33 |  |  | 17 |  |  | 50 |
Revolving mortgage | 17 |  |  | 5 |  |  | 22 |
Consumer auto | 2 |  |  | — |  |  | 2 |
Consumer other | — |  |  | — |  |  | — |
Total consumer | 52 |  |  | 22 |  |  | 74 |
Total TDRs | $ | 150 |  |  | $ | 71 |  |  | $ | 221 |
The following table summarizes the loan restructurings during the three and nine months ended September 30, 2022 that were designated as TDRs. BancShares defines payment default as movement of the TDR to non-accrual status, which is generally 90 days past due, foreclosure or charge-off, whichever occurs first. Restructurings
dollars in millions (except for number of loans) | Three Months Ended September 30, 2022 |  | Nine Months Ended September 30, 2022 |  |
| Number of Loans |  | Amortized Cost at Period End |  | Number of Loans |  | Amortized Cost at Period End |  |  |  |
Loans and leases |  |  |  |  |  |  |  |  |  |  |
Interest only | 5 |  |  | $ | 31 |  |  | 13 |  |  | $ | 37 |  |  |  |  |
Loan term extension | 35 |  |  | 30 |  |  | 110 |  |  | 51 |  |  |  |  |
Below market rates | 17 |  |  | 4 |  |  | 62 |  |  | 8 |  |  |  |  |
Discharge from bankruptcy | 36 |  |  | 2 |  |  | 78 |  |  | 4 |  |  |  |  |
Total | 93 |  |  | $ | 67 |  |  | 263 |  |  | $ | 100 |  |  |  |  |
There were $1.5 million commitments to lend additional funds to borrowers whose loan terms were modified in TDRs as of December 31, 2022. After a loan is determined to be a TDR, BancShares continues to track its performance under its most recent restructured terms. TDRs that subsequently defaulted during the three and nine months ended September 30, 2022, and were classified as TDRs during the applicable 12-month period preceding September 30, 2022 were as follows: TDR Defaults
dollars in millions | Three Months Ended |  | Nine Months Ended
| September 30, 2022 |  | September 30, 2022
TDR Defaults | $ | 2 |  |  | $ | 4 |
Loans Pledged The following table provides information regarding loans pledged as collateral for borrowing capacity through the FHLB of Atlanta and the Federal Reserve Bank (“FRB”) as of September 30, 2023 and December 31, 2022. Loans Pledged
dollars in millions | September 30, 2023 |  | December 31, 2022
FHLB of Atlanta |  |  |
Lendable collateral value of pledged non-PCD loans | $ | 14,975 |  |  | $ | 14,918 |
Less: Advances | — |  |  | 4,250 |
Less: Letters of Credit | 1,450 |  |  | 1,450 |
Available borrowing capacity | $ | 13,525 |  |  | $ | 9,218 |
Pledged non-PCD loans (contractual balance) | $ | 24,498 |  |  | $ | 23,491 |
FRB |  |  |
Lendable collateral value of pledged non-PCD loans | $ | 4,989 |  |  | $ | 4,203 |
Less: Advances | — |  |  | — |
Available borrowing capacity | $ | 4,989 |  |  | $ | 4,203 |
Pledged non-PCD loans (contractual balance) | $ | 6,164 |  |  | $ | 5,697 |
In connection with the SVBB Acquisition, FCB and the FDIC entered into terms and conditions for a five-year, up to $70 billion line of credit to FCB provided by the FDIC and a Purchase Money Note, both of which are or will be primarily secured by all SVB loans acquired and related commitments that subsequently were drawn and outstanding. See Note 2—Business Combinations for further discussion of the facility and note.

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