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ALLOWANCE FOR LOAN AND LEASE LOSSES (Tables) | 6 Months Ended
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Jun. 30, 2024
Receivables [Abstract] |
Schedule of Allowance for Loan and Lease Losses | The ALLL activity for loans and leases is summarized in the following table. Allowance for Loan and Lease Losses
dollars in millions | Three Months Ended June 30, 2024 |  | Three Months Ended June 30, 2023
| Commercial |  | Consumer |  | SVB |  | Total |  | Commercial |  | Consumer |  | SVB |  | Total
Balance at beginning of period | $ | 1,120 |  |  | $ | 155 |  |  | $ | 462 |  |  | $ | 1,737 |  |  | $ | 860 |  |  | $ | 178 |  |  | $ | 567 |  |  | $ | 1,605 |
Initial PCD ALLL | — |  |  | — |  |  | — |  |  | — |  |  | 4 |  |  | — |  |  | 16 |  |  | 20 |
Day 2 (benefit) provision for loan and lease losses | — |  |  | — |  |  | — |  |  | — |  |  | (11) |  |  | 11 |  |  | — |  |  | — |
Provision (benefit) for loan and lease losses | 66 |  |  | 1 |  |  | 28 |  |  | 95 |  |  | 173 |  |  | (13) |  |  | 9 |  |  | 169 |
Total provision (benefit) for loan and lease losses | 66 |  |  | 1 |  |  | 28 |  |  | 95 |  |  | 162 |  |  | (2) |  |  | 9 |  |  | 169 |
Charge-offs | (96) |  |  | (6) |  |  | (57) |  |  | (159) |  |  | (70) |  |  | (6) |  |  | (100) |  |  | (176) |
Recoveries | 13 |  |  | 3 |  |  | 11 |  |  | 27 |  |  | 12 |  |  | 3 |  |  | 4 |  |  | 19 |
Balance at end of period | $ | 1,103 |  |  | $ | 153 |  |  | $ | 444 |  |  | $ | 1,700 |  |  | $ | 968 |  |  | $ | 173 |  |  | $ | 496 |  |  | $ | 1,637 |
dollars in millions | Six Months Ended June 30, 2024 |  | Six Months Ended June 30, 2023
| Commercial |  | Consumer |  | SVB |  | Total |  | Commercial |  | Consumer |  | SVB |  | Total
Balance at beginning of period | $ | 1,126 |  |  | $ | 166 |  |  | $ | 455 |  |  | $ | 1,747 |  |  | $ | 789 |  |  | $ | 133 |  |  | $ | — |  |  | $ | 922 |
Initial PCD ALLL | — |  |  | — |  |  | — |  |  | — |  |  | 14 |  |  | 3 |  |  | 203 |  |  | 220 |
Day 2 provision for loan and lease losses | — |  |  | — |  |  | — |  |  | — |  |  | 39 |  |  | 43 |  |  | 380 |  |  | 462 |
Provision (benefit) for loan and lease losses | 125 |  |  | (5) |  |  | 68 |  |  | 188 |  |  | 230 |  |  | 1 |  |  | 9 |  |  | 240 |
Total provision (benefit) for loan and lease losses | 125 |  |  | (5) |  |  | 68 |  |  | 188 |  |  | 269 |  |  | 44 |  |  | 389 |  |  | 702 |
Charge-offs | (171) |  |  | (13) |  |  | (103) |  |  | (287) |  |  | (124) |  |  | (14) |  |  | (100) |  |  | (238) |
Recoveries | 23 |  |  | 5 |  |  | 24 |  |  | 52 |  |  | 20 |  |  | 7 |  |  | 4 |  |  | 31 |
Balance at end of period | $ | 1,103 |  |  | $ | 153 |  |  | $ | 444 |  |  | $ | 1,700 |  |  | $ | 968 |  |  | $ | 173 |  |  | $ | 496 |  |  | $ | 1,637 |
The following table presents the components of the provision for credit losses: Provision for Credit Losses
dollars in millions | Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Day 2 provision for loan and lease losses | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 462 |
Provision for loan and lease losses | 95 |  |  | 169 |  |  | 188 |  |  | 240 |
Total provision for loan and lease losses | 95 |  |  | 169 |  |  | 188 |  |  | 702 |
Day 2 provision for off-balance sheet credit exposure | — |  |  | — |  |  | — |  |  | 254 |
Benefit from off-balance sheet credit exposure | — |  |  | (17) |  |  | (29) |  |  | (25) |
Total (benefit) provision for off-balance sheet credit exposure | — |  |  | (17) |  |  | (29) |  |  | 229 |
(Benefit) provision for investment securities available for sale credit losses | — |  |  | (1) |  |  | — |  |  | 3 |
Provision for credit losses | $ | 95 |  |  | $ | 151 |  |  | $ | 159 |  |  | $ | 934 |

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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/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-11B Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 + Details
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