XML 57 R14.htm IDEA: XBRL DOCUMENT
v3.25.4

Asset Quality | 12 Months Ended
--- | ---
Dec. 31, 2025
Credit Loss [Abstract] |
Asset Quality | 4. Asset Quality ALLL We estimate the appropriate level of the ALLL on at least a quarterly basis. The methodology is described in Note 1 ("Summary of Significant Accounting Policies") under the heading "Allowance for Loan and Lease Losses" of this report. The ALLL at December 31, 2025, represents our current estimate of lifetime credit losses inherent in the loan portfolio at that date. The changes in the ALLL by loan category for the periods indicated are as follows: Twelve Months Ended December 31, 2025:
Dollars in millions |  |  | December 31, 2024 | Provision |  | Charge-offs | Recoveries | December 31, 2025 |  |
Commercial and Industrial |  |  | $ | 639 |  | $ | 361 |  |  | $ | (312) |  | $ | 57 |  | $ | 745 |  |  |
Commercial real estate: |  |  |  |  |  |  |  |  |  |
Real estate — commercial mortgage |  |  | 320 |  | 19 |  |  | (94) |  | 7 |  | 252 |  |  |
Real estate — construction |  |  | 51 |  | 4 |  |  | — |  | — |  | 55 |  |  |
Total commercial real estate loans |  |  | 371 |  | 23 |  |  | (94) |  | 7 |  | 307 |  |  |
Commercial lease financing |  |  | 27 |  | 5 |  |  | (6) |  | — |  | 26 |  |  |
Total commercial loans |  |  | 1,037 |  | 389 |  |  | (412) |  | 64 |  | 1,078 |  |  |
Real estate — residential mortgage |  |  | 90 |  | (26) |  |  | (2) |  | 4 |  | 66 |  |  |
Home equity loans |  |  | 70 |  | (19) |  |  | (2) |  | 3 |  | 52 |  |  |
Other consumer loans |  |  | 136 |  | 61 |  |  | (56) |  | 8 |  | 149 |  |  |
Credit cards |  |  | 76 |  | 43 |  |  | (45) |  | 8 |  | 82 |  |  |
Total consumer loans |  |  | 372 |  | 59 |  |  | (105) |  | 23 |  | 349 |  |  |
Total ALLL — continuing operations |  |  | 1,409 |  | 448 |  | (a) | (517) |  | 87 |  | 1,427 |  |  |
Discontinued operations |  |  | 13 |  | — |  |  | (3) |  | 1 |  | 11 |  |  |
Total ALLL — including discontinued operations |  |  | $ | 1,422 |  | $ | 448 |  |  | $ | (520) |  | $ | 88 |  | $ | 1,438 |  |  |
(a)Excludes a provision related to reserves on lending-related commit ments of $23 million. Twelve Months Ended December 31, 2024:
Dollars in millions | December 31, 2023 | Provision |  |  | Charge-offs | Recoveries | December 31, 2024
Commercial and Industrial | $ | 556 |  | $ | 388 |  |  |  | $ | (363) |  | $ | 58 |  | $ | 639 |
Commercial real estate: |  |  |  |  |  |  |
Real estate — commercial mortgage | 419 |  | (61) |  |  |  | (40) |  | 2 |  | 320 |
Real estate — construction | 52 |  | (1) |  |  |  | — |  | — |  | 51 |
Total commercial real estate loans | 471 |  | (62) |  |  |  | (40) |  | 2 |  | 371 |
Commercial lease financing | 33 |  | (4) |  |  |  | (7) |  | 5 |  | 27 |
Total commercial loans | 1,060 |  | 322 |  |  |  | (410) |  | 65 |  | 1,037 |
Real estate — residential mortgage | 162 |  | (74) |  |  |  | (3) |  | 5 |  | 90 |
Home equity loans | 86 |  | (16) |  |  |  | (2) |  | 2 |  | 70 |
Other consumer loans | 122 |  | 70 |  |  |  | (64) |  | 8 |  | 136 |
Credit cards | 78 |  | 39 |  |  |  | (47) |  | 6 |  | 76 |
Total consumer loans | 448 |  | 19 |  |  |  | (116) |  | 21 |  | 372 |
Total ALLL — continuing operations | 1,508 |  | 341 |  |  | (a) | (526) |  | 86 |  | 1,409 |
Discontinued operations | 16 |  | — |  |  |  | (4) |  | 1 |  | 13 |
Total ALLL — including discontinued operations | $ | 1,524 |  | $ | 341 |  |  |  | $ | (530) |  | $ | 87 |  | $ | 1,422 |
(a)Excludes a credit related to reserves on lending-related commitments of $6 million. Twelve Months Ended December 31, 2023
Dollars in millions | December 31, 2022 |  |  | Provision |  | Charge-offs | Recoveries | December 31, 2023
Commercial and industrial | $ | 601 |  |  |  | $ | 99 |  |  | $ | (188) |  | $ | 44 |  | $ | 556 |
Commercial real estate: |  |  |  |  |  |  |  |
Real estate — commercial mortgage | 203 |  |  |  | 253 |  |  | (39) |  | 2 |  | 419 |
Real estate — construction | 28 |  |  |  | 23 |  |  | — |  | 1 |  | 52 |
Total commercial real estate loans | 231 |  |  |  | 276 |  |  | (39) |  | 3 |  | 471 |
Commercial lease financing | 32 |  |  |  | (4) |  |  | — |  | 5 |  | 33 |
Total commercial loans | 864 |  |  |  | 371 |  |  | (227) |  | 52 |  | 1,060 |
Real estate — residential mortgage | 196 |  |  |  | (37) |  |  | (1) |  | 4 |  | 162 |
Home equity loans | 98 |  |  |  | (13) |  |  | (2) |  | 3 |  | 86 |
Other consumer loans | 113 |  |  |  | 52 |  |  | (51) |  | 8 |  | 122 |
Credit cards | 66 |  |  |  | 42 |  |  | (37) |  | 7 |  | 78 |
Total consumer loans | 473 |  |  |  | 44 |  |  | (91) |  | 22 |  | 448 |
Total ALLL — continuing operations | 1,337 |  |  |  | 415 |  | (a) | (318) |  | 74 |  | 1,508 |
Discontinued operations | 21 |  |  |  | (2) |  |  | (4) |  | 1 |  | 16 |
Total ALLL — including discontinued operations | $ | 1,358 |  |  |  | $ | 413 |  |  | $ | (322) |  | $ | 75 |  | $ | 1,524 |
(a)Excludes a provision related to reserves on lending-related commitments of $74 million. As described in Note 1 ("Summary of Significant Accounting Policies"), we estimate the ALLL using relevant available information, from internal and external sources, relating to past events, current economic and portfolio conditions, and reasonable and supportable forecasts. In our estimation of expected credit losses, we use a two year reasonable and supportable period across all products. Following this two year period in which supportable forecasts can be generated, for all modeled loan portfolios, we revert expected credit losses to a level that is consistent with our historical information by reverting the macroeconomic variables (model inputs) to their long run average. We revert to historical loss rates for less complex estimation methods for smaller portfolios. A 20-year fixed length look back period is used to calculate the long run average of the macroeconomic variables. A four quarter reversion period is used where the macroeconomic variables linearly revert to their long run average following the two year reasonable and supportable period. We develop our reasonable and supportable forecasts using relevant data including, but not limited to, changes in economic output, unemployment rates, property values, and other factors associated with the credit losses on financial assets. Some macroeconomic variables apply to all portfolio segments, while others are more portfolio specific. The following table discloses key macroeconomic variables for each loan portfolio.
Segment | Portfolio | Key Macroeconomic Variables (a)
Commercial | Commercial and industrial | BBB corporate bond rate (spread), fixed investment, business bankruptcies, GDP, industrial production, unemployment rate, and Producer Price Index
Commercial real estate | Property & real estate price indices, unemployment rate, business bankruptcies, GDP, and SOFR
Commercial lease financing | BBB corporate bond rate (spread), GDP, and unemployment rate
Consumer | Real estate — residential mortgage | GDP, home price index, unemployment rate, 30 year mortgage rate and U.S. household income
Home equity | Home price index, unemployment rate, and 30 year mortgage rate
Other consumer | Unemployment rate, prime rate and U.S. household income
Credit cards | Unemployment rate and U.S. household income
Discontinued operations | Unemployment rate
(a)Variables include all transformations and interactions with other risk drivers. Additionally, variables may have varying impacts at different points in the economic cycle. In addition to macroeconomic drivers, portfolio attributes such as remaining term, outstanding balance, risk ratings, utilization, FICO, LTV, and delinquency also drive ALLL changes. Our ALLL models were designed to capture the correlation between economic and portfolio changes. As such, evaluating shifts in individual portfolio attributes and macroeconomic variables in isolation may not be indicative of past or future performance. Economic Outlook As of December 31, 2025, the economy in 2025 has unfolded better than expected and the outlook is for continued, but slowing, expansion in 2026. As growth weakens and inflationary pressures continue, policy uncertainty adds significant economic strain. We utilized the Moody’s November 2025 Consensus forecast as the baseline forecast to estimate our expected credit losses as of December 31, 2025. This baseline scenario reflects slowing growth over the next two years, but no recession. U.S. GDP is forecasted to grow at an annual rate of 1.8% for 2026 and 2.0% for 2027. The labor market is weakening and the National Unemployment Rate is expected to increase modestly over 2026. The U.S. Consumer Price Index is forecasted to remain at 3% for 2026. The Federal Funds Rate decreases to 3.0-3.25% by late 2026. Tariffs and the geopolitical environment remain uncertain, which poses potential downside-risks to the economic outlook over the next two years. These economic uncertainty considerations continue to be addressed through a qualitative reserve adjustment, which leverages downside economic assumptions. As a result of the current economic uncertainty, our future loss estimates may vary considerably from our December 31, 2025 assumptions. Commercial Loan Portfolio The commercial ALLL increased by $41 million, or 4.0%, from December 31, 2024, through December 31, 2025. The change in the reserve levels is reflective of the elevated economic uncertainty and loan growth. The reserve build due to these drivers was partly offset by a reserve release due to the net impacts of improving credit quality trends, particularly in commercial real estate. Consumer Loan Portfolio The consumer ALLL decreased $23 million, or 6.2%, from December 31, 2024, through December 31, 2025. The decrease is driven by the impact of ongoing loan reductions and continued strong credit performance, particularly for the residential mortgage loan book which represents the largest segment of the consumer portfolio. Credit Risk Profile The prevalent risk characteristic for both commercial and consumer loans is the risk of loss arising from an obligor’s inability or failure to meet contractual payment or performance terms. Evaluation of this risk is stratified and monitored by the loan risk rating grades assigned for the commercial loan portfolios and the refreshed FICO score assigned for the consumer loan portfolios. The internal risk grades assigned to loans follow our definitions of Pass and Criticized, which are consistent with published definitions of regulatory risk classifications. Loans with a pass rating represent those loans not classified on our rating scale for credits, as minimal credit risk has been identified. Criticized loans are those loans that either have a potential weakness deserving management's close attention or have a well-defined weakness that may put full collection of contractual cash flows at risk. Borrower FICO scores provide information about the credit quality of our consumer loan portfolio as they provide an indication as to the likelihood that a debtor will repay its debts. The scores are obtained from a nationally recognized consumer rating agency and are presented in the tables below at the dates indicated. Most extensions of credit are subject to loan grading or scoring. Loan grades are assigned at the time of origination, verified by credit risk management, and periodically re-evaluated thereafter. This risk rating methodology blends our judgment with quantitative modeling. Commercial loans generally are assigned two internal risk ratings. The first rating reflects the probability that the borrower will default on an obligation; the second rating reflects expected recovery rates on the credit facility. Default probability is determined based on, among other factors, the financial strength of the borrower, an assessment of the borrower’s management, the borrower’s competitive position within its industry sector, and our view of industry risk in the context of the general economic outlook. Types of exposure, transaction structure, and collateral, including credit risk mitigants, affect the expected recovery assessment. Commercial Credit Exposure Credit Risk Profile by Creditworthiness Category and Vintage (a)(b)
As of December 31, 2025 | Term Loans | Revolving Loans Amortized Cost Basis | Revolving Loans Converted to Term Loans Amortized Cost Basis |
| Amortized Cost Basis by Origination Year and Internal Risk Rating |
Dollars in millions | 2025 | 2024 | 2023 | 2022 | 2021 | Prior | Total
Commercial and Industrial |  |  |  |  |  |  |  |  |
Risk Rating: |  |  |  |  |  |  |  |  |
Pass | $ | 9,473 |  | $ | 5,864 |  | $ | 2,263 |  | $ | 5,313 |  | $ | 2,648 |  | $ | 4,115 |  | $ | 24,267 |  | $ | 174 |  | $ | 54,117 |
Criticized (Accruing) | 139 |  | 218 |  | 171 |  | 463 |  | 259 |  | 493 |  | 1,535 |  | 37 |  | 3,315 |
Criticized (Nonaccruing) | 1 |  | 14 |  | 18 |  | 54 |  | 21 |  | 33 |  | 115 |  | — |  | 256 |
Total commercial and industrial | 9,613 |  | 6,096 |  | 2,452 |  | 5,830 |  | 2,928 |  | 4,641 |  | 25,917 |  | 211 |  | 57,688 |
Current period gross write-offs | 13 |  | 27 | 22 | 27 | 8 | 28 | 187 | — |  | 312 |
Real estate — commercial mortgage |  |  |  |  |  |  |  |  |
Risk Rating: |  |  |  |  |  |  |  |  |
Pass | 3,246 |  | 826 |  | 651 |  | 1,911 |  | 1,519 |  | 2,997 |  | 1,366 |  | 29 |  | 12,545 |
Criticized (Accruing) | 8 |  | 99 |  | 60 |  | 326 |  | 237 |  | 246 |  | 20 |  | 9 |  | 1,005 |
Criticized (Nonaccruing) | — |  | 16 |  | 3 |  | 95 |  | 31 |  | 9 |  | 3 |  | — |  | 157 |
Total real estate — commercial mortgage | 3,254 |  | 941 |  | 714 |  | 2,332 |  | 1,787 |  | 3,252 |  | 1,389 |  | 38 |  | 13,707 |
Current period gross write-offs | 19 |  | 14 | 1 | 18 | 29 | 10 | 3 | — |  | 94 |
Real estate — construction |  |  |  |  |  |  |  |  |
Risk Rating: |  |  |  |  |  |  |  |  |
Pass | 468 |  | 565 |  | 771 |  | 262 |  | 130 |  | 72 |  | 296 |  | 2 |  | 2,566 |
Criticized (Accruing) | — |  | — |  | 20 |  | 95 |  | 36 |  | 127 |  | — |  | — |  | 278 |
Criticized (Nonaccruing) | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total real estate — construction | 468 |  | 565 |  | 791 |  | 357 |  | 166 |  | 199 |  | 296 |  | 2 |  | 2,844 |
Current period gross write-offs | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Commercial lease financing |  |  |  |  |  |  |  |  |
Risk Rating: |  |  |  |  |  |  |  |  |
Pass | 322 |  | 228 |  | 293 |  | 433 |  | 249 |  | 609 |  | — |  | — |  | 2,134 |
Criticized (Accruing) | 5 |  | 4 |  | 26 |  | 55 |  | 18 |  | 21 |  | — |  | — |  | 129 |
Criticized (Nonaccruing) | — |  | — |  | 5 |  | 2 |  | — |  | — |  | — |  | — |  | 7 |
Total commercial lease financing | 327 |  | 232 |  | 324 |  | 490 |  | 267 |  | 630 |  | — |  | — |  | 2,270 |
Current period gross write-offs | — |  | — |  | 3 |  | 1 |  | — |  | 2 |  | — |  | — |  | 6 |
Total commercial loans | $ | 13,662 |  | $ | 7,834 |  | $ | 4,281 |  | $ | 9,009 |  | $ | 5,148 |  | $ | 8,722 |  | $ | 27,602 |  | $ | 251 |  | $ | 76,509 |
Total commercial loan current period gross write-offs | $ | 32 |  | $ | 41 |  | $ | 26 |  | $ | 46 |  | $ | 37 |  | $ | 40 |  | $ | 190 |  | $ | — |  | $ | 412 |
As of December 31, 2024 | Term Loans | Revolving Loans Amortized Cost Basis | Revolving Loans Converted to Term Loans Amortized Cost Basis |
| Amortized Cost Basis by Origination Year and Internal Risk Rating |
Dollars in millions | 2024 | 2023 | 2022 | 2021 | 2020 | Prior | Total
Commercial and Industrial |  |  |  |  |  |  |  |  |
Risk Rating: |  |  |  |  |  |  |  |  |
Pass | $ | 6,345 |  | $ | 3,097 |  | $ | 7,119 |  | $ | 3,934 |  | $ | 1,617 |  | $ | 3,969 |  | $ | 22,709 |  | $ | 115 |  | $ | 48,905 |
Criticized (Accruing) | 172 |  | 219 |  | 597 |  | 419 |  | 208 |  | 476 |  | 1,550 |  | 41 |  | 3,682 |
Criticized (Nonaccruing) | 23 |  | 13 |  | 68 |  | 30 |  | 2 |  | 31 |  | 153 |  | 2 |  | 322 |
Total commercial and industrial | 6,540 |  | 3,329 |  | 7,784 |  | 4,383 |  | 1,827 |  | 4,476 |  | 24,412 |  | 158 |  | 52,909 |
Current year gross write-offs | 1 |  | 12 |  | 65 |  | 106 |  | 4 |  | 31 |  | 144 |  | — |  | 363 |
Real estate — commercial mortgage |  |  |  |  |  |  |  |  |
Risk Rating: |  |  |  |  |  |  |  |  |
Pass | 1,052 |  | 748 |  | 2,818 |  | 2,202 |  | 594 |  | 3,194 |  | 1,001 |  | 41 |  | 11,650 |
Criticized (Accruing) | 31 |  | 85 |  | 571 |  | 281 |  | 93 |  | 316 |  | 30 |  | 9 |  | 1,416 |
Criticized (Nonaccruing) | — |  | — |  | 123 |  | 52 |  | 3 |  | 66 |  | — |  | — |  | 244 |
Total real estate — commercial mortgage | 1,083 |  | 833 |  | 3,512 |  | 2,535 |  | 690 |  | 3,576 |  | 1,031 |  | 50 |  | 13,310 |
Current year gross write-offs | — |  | — |  | 1 |  | 6 |  | — |  | 32 |  | 1 |  | — |  | 40 |
Real estate — construction |  |  |  |  |  |  |  |  |
Risk Rating: |  |  |  |  |  |  |  |  |
Pass | 199 |  | 846 |  | 1,021 |  | 340 |  | 87 |  | 67 |  | 42 |  | 2 |  | 2,604 |
Criticized (Accruing) | — |  | 17 |  | 112 |  | 58 |  | 68 |  | 77 |  | — |  | — |  | 332 |
Criticized (Nonaccruing) | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total real estate — construction | 199 |  | 863 |  | 1,133 |  | 398 |  | 155 |  | 144 |  | 42 |  | 2 |  | 2,936 |
Current year gross write-offs | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Commercial lease financing |  |  |  |  |  |  |  |  |
Risk Rating: |  |  |  |  |  |  |  |  |
Pass | 301 |  | 430 |  | 626 |  | 368 |  | 217 |  | 679 |  | — |  | — |  | 2,621 |
Criticized (Accruing) | 2 |  | 34 |  | 33 |  | 9 |  | 16 |  | 21 |  | — |  | — |  | 115 |
Criticized (Nonaccruing) | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total commercial lease financing | 303 |  | 464 |  | 659 |  | 377 |  | 233 |  | 700 |  | — |  | — |  | 2,736 |
Current year gross write-offs | — |  | — |  | — |  | — |  | — |  | 7 |  | — |  | — |  | 7 |
Total commercial loans | $ | 8,125 |  | $ | 5,489 |  | $ | 13,088 |  | $ | 7,693 |  | $ | 2,905 |  | $ | 8,896 |  | $ | 25,485 |  | $ | 210 |  | $ | 71,891 |
Total commercial loan current year gross write-offs | $ | 1 |  | $ | 12 |  | $ | 66 |  | $ | 112 |  | $ | 4 |  | $ | 70 |  | $ | 145 |  | $ | — |  | $ | 410 |
(a)Accrued intere st of $338 million a nd $322 million as of December 31, 2025, and December 31, 2024, respectively, presented in “Accrued income and other assets” on the Consolidated Balance Sheets, was excluded from the amortized cost basis disclosed in these tables. (b)Gross write-off information is presented on a year-to-date basis for both the twelve months ended December 31, 2025 and December 31, 2024. Consumer Credit Exposure Credit Risk Profile by FICO Score and Vintage (a)(b)
As of December 31, 2025 | Term Loans | Revolving Loans Amortized Cost Basis | Revolving Loans Converted to Term Loans Amortized Cost Basis |
| Amortized Cost Basis by Origination Year and FICO Score |
Dollars in millions | 2025 | 2024 | 2023 | 2022 | 2021 | Prior | Total
Real estate — residential mortgage |  |  |  |  |  |  |  |  |
FICO Score: |  |  |  |  |  |  |  |  |
750 and above | $ | 358 |  | $ | 224 |  | $ | 607 |  | $ | 5,342 |  | $ | 6,738 |  | $ | 3,403 |  | $ | — |  | $ | — |  | $ | 16,672 |
660 to 749 | 69 |  | 36 |  | 86 |  | 504 |  | 582 |  | 420 |  | — |  | — |  | 1,697 |
Less than 660 | 2 |  | 11 |  | 23 |  | 87 |  | 73 |  | 149 |  | — |  | — |  | 345 |
No Score | 2 |  | 2 |  | 2 |  | 1 |  | — |  | 9 |  | 2 |  | — |  | 18 |
Total real estate — residential mortgage | 431 |  | 273 |  | 718 |  | 5,934 |  | 7,393 |  | 3,981 |  | 2 |  | — |  | 18,732 |
Current period gross write-offs | — |  | — |  | — |  | — |  | — |  | 2 |  | — |  | — |  | 2 |
Home equity loans |  |  |  |  |  |  |  |  |
FICO Score: |  |  |  |  |  |  |  |  |
750 and above | 43 |  | 26 |  | 23 |  | 117 |  | 676 |  | 1,164 |  | 1,749 |  | 179 |  | 3,977 |
660 to 749 | 18 |  | 13 |  | 13 |  | 41 |  | 149 |  | 258 |  | 718 |  | 58 |  | 1,268 |
Less than 660 | 2 |  | 3 |  | 5 |  | 15 |  | 44 |  | 109 |  | 253 |  | 21 |  | 452 |
No Score | — |  | — |  | — |  | — |  | — |  | 1 |  | 5 |  | — |  | 6 |
Total home equity loans | 63 |  | 42 |  | 41 |  | 173 |  | 869 |  | 1,532 |  | 2,725 |  | 258 |  | 5,703 |
Current period gross write-offs | — |  | — |  | — |  | — |  | — |  | — |  | 2 |  | — |  | 2 |
Other consumer loans |  |  |  |  |  |  |  |  |
FICO Score: |  |  |  |  |  |  |  |  |
750 and above | 175 |  | 73 |  | 104 |  | 986 |  | 1,032 |  | 595 |  | 81 |  | — |  | 3,046 |
660 to 749 | 112 |  | 48 |  | 74 |  | 220 |  | 218 |  | 179 |  | 172 |  | — |  | 1,023 |
Less than 660 | 17 |  | 12 |  | 21 |  | 54 |  | 52 |  | 46 |  | 54 |  | — |  | 256 |
No Score | 12 |  | 8 |  | 5 |  | 10 |  | 13 |  | 6 |  | 265 |  | — |  | 319 |
Total consumer direct loans | 316 |  | 141 |  | 204 |  | 1,270 |  | 1,315 |  | 826 |  | 572 |  | — |  | 4,644 |
Current period gross write-offs | 4 |  | 5 |  | 7 |  | 9 |  | 9 |  | 7 |  | 15 |  | — |  | 56 |
Credit cards |  |  |  |  |  |  |  |  |
FICO Score: |  |  |  |  |  |  |  |  |
750 and above | — |  | — |  | — |  | — |  | — |  | — |  | 479 |  | — |  | 479 |
660 to 749 | — |  | — |  | — |  | — |  | — |  | — |  | 364 |  | — |  | 364 |
Less than 660 | — |  | — |  | — |  | — |  | — |  | — |  | 108 |  | — |  | 108 |
No Score | — |  | — |  | — |  | — |  | — |  | — |  | 2 |  | — |  | 2 |
Total credit cards | — |  | — |  | — |  | — |  | — |  | — |  | 953 |  | — |  | 953 |
Current period gross write-offs | — |  | — |  | — |  | — |  | — |  | — |  | 45 |  | — |  | 45 |
Total consumer loans | $ | 810 |  | $ | 456 |  | $ | 963 |  | $ | 7,377 |  | $ | 9,577 |  | $ | 6,339 |  | $ | 4,252 |  | $ | 258 |  | $ | 30,032 |
Total consumer loan current period gross write-offs | $ | 4 |  | $ | 5 |  | $ | 7 |  | $ | 9 |  | $ | 9 |  | $ | 9 |  | $ | 62 |  | $ | — |  | $ | 105 |
As of December 31, 2024 | Term Loans | Revolving Loans Amortized Cost Basis | Revolving Loans Converted to Term Loans Amortized Cost Basis |
| Amortized Cost Basis by Origination Year and FICO Score |
Dollars in millions | 2024 | 2023 | 2022 | 2021 | 2020 | Prior | Total
Real estate — residential mortgage |  |  |  |  |  |  |  |  |
FICO Score: |  |  |  |  |  |  |  |  |
750 and above | $ | 281 |  | $ | 669 |  | $ | 5,720 |  | $ | 7,203 |  | $ | 2,247 |  | $ | 1,510 |  | $ | — |  | $ | — |  | $ | 17,630 |
660 to 749 | 67 |  | 116 |  | 597 |  | 655 |  | 199 |  | 280 |  | — |  | — |  | 1,914 |
Less than 660 | 4 |  | 13 |  | 81 |  | 63 |  | 24 |  | 134 |  | — |  | — |  | 319 |
No Score | 3 |  | 2 |  | 1 |  | — |  | 1 |  | 15 |  | 1 |  | — |  | 23 |
Total real estate — residential mortgage | 355 |  | 800 |  | 6,399 |  | 7,921 |  | 2,471 |  | 1,939 |  | 1 |  | — |  | 19,886 |
Current period gross write-offs | 1 |  | — |  | 1 |  | — |  | — |  | 1 |  | — |  | — |  | 3 |
Home equity loans |  |  |  |  |  |  |  |  |
FICO Score: |  |  |  |  |  |  |  |  |
750 and above | 33 |  | 31 |  | 139 |  | 775 |  | 612 |  | 731 |  | 1,886 |  | 251 |  | 4,458 |
660 to 749 | 17 |  | 17 |  | 50 |  | 181 |  | 129 |  | 186 |  | 772 |  | 80 |  | 1,432 |
Less than 660 | 2 |  | 5 |  | 15 |  | 40 |  | 31 |  | 82 |  | 263 |  | 25 |  | 463 |
No Score | — |  | — |  | — |  | — |  | — |  | 1 |  | 4 |  | — |  | 5 |
Total home equity loans | 52 |  | 53 |  | 204 |  | 996 |  | 772 |  | 1,000 |  | 2,925 |  | 356 |  | 6,358 |
Current period gross write-offs | — |  | — |  | — |  | — |  | — |  | 1 |  | 1 |  | — |  | 2 |
Other consumer loans |  |  |  |  |  |  |  |  |
FICO Score: |  |  |  |  |  |  |  |  |
750 and above | 107 |  | 143 |  | 1,149 |  | 1,210 |  | 527 |  | 245 |  | 88 |  | — |  | 3,469 |
660 to 749 | 70 |  | 109 |  | 275 |  | 268 |  | 128 |  | 108 |  | 184 |  | — |  | 1,142 |
Less than 660 | 9 |  | 23 |  | 59 |  | 59 |  | 29 |  | 24 |  | 56 |  | — |  | 259 |
No Score | 35 |  | 12 |  | 18 |  | 17 |  | 7 |  | 12 |  | 196 |  | — |  | 297 |
Total consumer direct loans | 221 |  | 287 |  | 1,501 |  | 1,554 |  | 691 |  | 389 |  | 524 |  | — |  | 5,167 |
Current period gross write-offs | — |  | 7 |  | 17 |  | 12 |  | 7 |  | 6 |  | 15 |  | — |  | 64 |
Credit cards |  |  |  |  |  |  |  |  |
FICO Score: |  |  |  |  |  |  |  |  |
750 and above | — |  | — |  | — |  | — |  | — |  | — |  | 476 |  | — |  | 476 |
660 to 749 | — |  | — |  | — |  | — |  | — |  | — |  | 372 |  | — |  | 372 |
Less than 660 | — |  | — |  | — |  | — |  | — |  | — |  | 109 |  | — |  | 109 |
No Score | — |  | — |  | — |  | — |  | — |  | — |  | 1 |  | — |  | 1 |
Total credit cards | — |  | — |  | — |  | — |  | — |  | — |  | 958 |  | — |  | 958 |
Current period gross write-offs | — |  | — |  | — |  | — |  | — |  | — |  | 47 |  | — |  | 47 |
Total consumer loans | $ | 628 |  | $ | 1,140 |  | $ | 8,104 |  | $ | 10,471 |  | $ | 3,934 |  | $ | 3,328 |  | $ | 4,408 |  | $ | 356 |  | $ | 32,369 |
Total consumer current period gross write-offs | $ | 1 |  | $ | 7 |  | $ | 18 |  | $ | 12 |  | $ | 7 |  | $ | 8 |  | $ | 63 |  | $ | — |  | $ | 116 |
(a)Accrued intere st of $121 million and $134 million as of December 31, 2025, and December 31, 2024, respectively, presente d in “Accrued income and other assets” on the Consolidated Balance Sheets, was excluded from the amortized cost basis disclosed in this table. (b)Gross write-off information is presented on a year-to-date basis for both the twelve months ended December 31, 2025 and December 31, 2024. Nonperforming and Past Due Loans Our policies for determining past due loans, placing loans on nonaccrual, applying payments on nonaccrual loans, and resuming accrual of interest for our commercial and consumer loan portfolios are disclosed in Note 1 (“Summary of Significant Accounting Policies”) under the heading “Nonperforming Loans”. The following aging analysis of past due and current loans as of December 31, 2025, and December 31, 2024, provides further information regarding Key’s credit exposure. Aging Analysis of Loan Portfolio(a)
December 31, 2025 | Current(b)(c) | 30-59 Days Past Due (b) | 60-89 Days Past Due (b) | 90 and Greater Days Past Due (b) | Non-performing Loans | Total Past Due and Non-performing Loans | Total Loans (d)
Dollars in millions
LOAN TYPE(a) |  |  |  |  |  |  |
Commercial and industrial | $ | 57,336 |  | $ | 38 |  | $ | 17 |  | $ | 41 |  | $ | 256 |  | $ | 352 |  | $ | 57,688 |
Commercial real estate: |  |  |  |  |  |  |
Commercial mortgage | 13,450 |  | 47 |  | 20 |  | 33 |  | 157 |  | 257 |  | 13,707 |
Construction | 2,843 |  | — |  | — |  | 1 |  | — |  | 1 |  | 2,844 |
Total commercial real estate loans | 16,293 |  | 47 |  | 20 |  | 34 |  | 157 |  | 258 |  | 16,551 |
Commercial lease financing | 2,260 |  | 3 |  | — |  | — |  | 7 |  | 10 |  | 2,270 |
Total commercial loans | $ | 75,889 |  | $ | 88 |  | $ | 37 |  | $ | 75 |  | $ | 420 |  | $ | 620 |  | $ | 76,509 |
Real estate — residential mortgage | $ | 18,593 |  | $ | 21 |  | $ | 14 |  | $ | — |  | $ | 104 |  | $ | 139 |  | $ | 18,732 |
Home equity loans | 5,593 |  | 18 |  | 7 |  | 5 |  | 80 |  | 110 |  | 5,703 |
Other consumer loans | 4,606 |  | 15 |  | 10 |  | 9 |  | 4 |  | 38 |  | 4,644 |
Credit cards | 926 |  | 6 |  | 4 |  | 10 |  | 7 |  | 27 |  | 953 |
Total consumer loans | $ | 29,718 |  | $ | 60 |  | $ | 35 |  | $ | 24 |  | $ | 195 |  | $ | 314 |  | $ | 30,032 |
Total loans | $ | 105,607 |  | $ | 148 |  | $ | 72 |  | $ | 99 |  | $ | 615 |  | $ | 934 |  | $ | 106,541 |
(a)Amounts in table represent amortized cost and exclude loans held for sale. (b)Accrued interest of $459 million pre sented in “Accrued income and other assets” on the Consolidated Balance Sheets is excluded from the amortized cost basis disclosed in this table. (c)Includes balances of $66 million in Commercial mortgage and $6 million in Real estate - residential mortgage associated with loans sold to GNMA that are 90 days or more past due where Key has the right but not the obligation to repurchase and whose payments are insured by the Federal Housing Administration or guaranteed by the United States Department of Veteran Affairs. (d)Net of unearned income, net of deferred fees and costs, and unamortized discounts and premiums.
December 31, 2024 | Current(b)(c) | 30-59 Days Past Due (b) | 60-89 Days Past Due (b) | 90 and Greater Days Past Due (b) | Non-performing Loans | Total Past Due and Non-performing Loans |  | Total Loans (d)
Dollars in millions
LOAN TYPE(a) |  |  |  |  |  |  |  |
Commercial and industrial | $ | 52,473 |  | $ | 48 |  | $ | 21 |  | $ | 45 |  | $ | 322 |  | $ | 436 |  |  | $ | 52,909 |
Commercial real estate: |  |  |  |  |  |  |  |
Commercial mortgage | 13,018 |  | 4 |  | 29 |  | 16 |  | 243 |  | 292 |  |  | 13,310 |
Construction | 2,932 |  | — |  | — |  | 4 |  | — |  | 4 |  |  | 2,936 |
Total commercial real estate loans | 15,950 |  | 4 |  | 29 |  | 20 |  | 243 |  | 296 |  |  | 16,246 |
Commercial lease financing | 2,728 |  | 1 |  | 6 |  | 1 |  | — |  | 8 |  |  | 2,736 |
Total commercial loans | $ | 71,151 |  | $ | 53 |  | $ | 56 |  | $ | 66 |  | $ | 565 |  | $ | 740 |  |  | $ | 71,891 |
Real estate — residential mortgage | $ | 19,766 |  | $ | 20 |  | $ | 8 |  | $ | — |  | $ | 92 |  | $ | 120 |  |  | $ | 19,886 |
Home equity loans | 6,232 |  | 26 |  | 8 |  | 3 |  | 89 |  | 126 |  |  | 6,358 |
Other consumer loans | 5,129 |  | 15 |  | 9 |  | 9 |  | 5 |  | 38 |  |  | 5,167 |
Credit cards | 928 |  | 6 |  | 5 |  | 12 |  | 7 |  | 30 |  |  | 958 |
Total consumer loans | $ | 32,055 |  | $ | 67 |  | $ | 30 |  | $ | 24 |  | $ | 193 |  | $ | 314 |  |  | $ | 32,369 |
Total loans | $ | 103,206 |  | $ | 120 |  | $ | 86 |  | $ | 90 |  | $ | 758 |  | $ | 1,054 |  |  | $ | 104,260 |
(a)Amounts in table represent amortized cost and exclude loans held for sale. (b)Accrued intere st of $456 million prese nted in “Accrued income and other assets” on the Consolidated Balance Sheets is excluded from the amortized cost basis disclosed in this table. (c)Includes balances of $75 million in Commercial mortgage and $7 million in Real estate - residential mortgage associated with loans sold to GNMA that are 90 days or more past due where Key has the right but not the obligation to repurchase and whose payments are insured by the Federal Housing Administration or guaranteed by the United States Department of Veteran Affairs. (d)Net of unearned income, net of deferred fees and costs, and unamortized discounts and premiums. At December 31, 2025, the carrying amount of our commercial nonperforming loans outstanding represented 76% of their original contractual amount owed, total nonperforming loans outstanding represented 82% of their original contractual amount owed, and nonperforming assets in total were carried at 83% of their original contractual amount owed. Nonperforming loans reduced expected interest income by $49 million, $54 million, and $37 million for each of the twelve months ended December 31, 2025, December 31, 2024, and December 31, 2023, respectively. The amortized cost basis of nonperforming loans on nonaccrual status for which there is no related allowance for credit losses was $386 million at December 31, 2025. Collateral-dependent Financial Assets We classify financial assets as collateral-dependent when our borrower is experiencing financial difficulty, and we expect repayment to be provided substantially through the operation or sale of the collateral. Our commercial loans have collateral that includes cash, accounts receivable, inventory, commercial machinery, commercial properties, commercial real estate construction projects, enterprise value, and stock or ownership interests in the borrowing entity. When appropriate we also consider the enterprise value of the borrower as a repayment source for collateral-dependent loans. Our consumer loans have collateral that includes residential real estate, automobiles, boats, and RVs. At December 31, 2025 and December 31, 2024, the recorded investment of consumer residential mortgage loans in the process of foreclosure was approximately $70 million and $72 million, respectively. There were no significant changes in the extent to which collateral secures our collateral-dependent financial assets during 2025. Loan Modifications Made to Borrowers Experiencing Financial Difficulty As part of our loss mitigation activities, we may agree to modify the contractual terms of a loan to a borrower experiencing financial difficulty. Our loan modifications are handled on a case-by-case basis and are negotiated to achieve mutually agreeable terms that maximize loan collectability and meet the borrower’s financial needs. Such modifications may include an extension of maturity date, interest rate reduction, an other than insignificant payment delay, other modifications, or some combination thereof. Many factors can go into what is considered an other than insignificant payment delay such as the significance of the restricted payment amount relative to the normal loan payment or the relative significance of the delay to the original loan terms. Generally, Key considers any delay in payment of greater than 90 days in the last 12 months to be significant. The ALLL for loans modified for borrowers experiencing financial difficulty is determined based on Key’s ALLL policy as described within Note 1 (“Summary of Significant Accounting Policies”). Modifications for Borrowers Experiencing Financial Difficulty Our strategy in working with commercial borrowers is to allow them time to improve their financial position through loan modification. Commercial borrowers that are rated substandard or worse in accordance with the regulatory definition, or that cannot otherwise restructure at market terms and conditions, are considered to be experiencing financial difficulty. A modification of a loan is subject to the normal underwriting standards and processes for other similar credit extensions, both new and existing. The modified loan is evaluated to determine if it is a new loan or a continuation of the prior loan. Consumer loans in which a borrower requires a modification as a result of negative changes to their financial condition or to avoid default, generally indicate the borrower is experiencing financial difficulty. The primary modifications made to consumer loans are amortization, maturity date and interest rate changes. Consumer borrowers identified as experiencing financial difficulty are generally unable to refinance their loans through our normal origination channel or through other independent sources. The following tables show the amortized cost basis at the end of the noted reporting periods of the loans modified to borrowers experiencing financial difficulty within the past 12 months of the noted periods. The tables do not include those modifications that only resulted in an insignificant payment delay. The tables do not include consumer loans that are still within a trial modification period. Trial modifications may be done for consumer borrowers where a trial payment plan period is offered in advance of a permanent loan modification. As of December 31, 2025, there were 167 loans totaling $26 million in a trial modification period. As of December 31, 2024, there were 120 loans totaling $20 million in a trial modification period. Commitments outstanding to lend additional funds to borrowers experiencing financial difficulty whose loans were modified were $110 million and $15 million at December 31, 2025 and December 31, 2024, respectively.
As of December 31, 2025 | Interest Rate Reduction | Term Extension | Other | Combination(a) | Total
Dollars in millions | Amortized Cost Basis |  | Amortized Cost Basis |  | Amortized Cost Basis |  | Amortized Cost Basis |  | Amortized Cost Basis | % of Total Loan Type
LOAN TYPE |  |  |  |  |  |  |  |  |  |
Commercial and Industrial | $ | 2 |  |  | $ | 236 |  |  | $ | 22 |  |  | $ | 44 |  |  | $ | 304 |  | 0.53 | %
Commercial real estate: |  |  |  |  |  |  |  |  |  |
Commercial mortgage | — |  |  | 159 |  |  | 5 |  |  | 67 |  |  | 231 |  | 1.69 |
Construction | — |  |  | 30 |  |  | — |  |  | — |  |  | 30 |  | 1.05 |
Total commercial real estate loans | — |  |  | 189 |  |  | 5 |  |  | 67 |  |  | 261 |  | 1.58 |
Total commercial loans | $ | 2 |  |  | $ | 425 |  |  | $ | 27 |  |  | $ | 111 |  |  | $ | 565 |  | 0.74 | %
Real estate — residential mortgage | $ | 3 |  |  | $ | 1 |  |  | $ | — |  |  | $ | 10 |  |  | $ | 14 |  | 0.07 | %
Home equity loans | 4 |  |  | 1 |  |  | — |  |  | 4 |  |  | 9 |  | 0.16 |
Other consumer loans | — |  |  | 2 |  |  | — |  |  | 2 |  |  | 4 |  | 0.09 |
Credit cards | — |  |  | — |  |  | — |  |  | 3 |  |  | 3 |  | 0.31 |
Total consumer loans | $ | 7 |  |  | $ | 4 |  |  | $ | — |  |  | $ | 19 |  |  | $ | 30 |  | 0.10 | %
Total loans | $ | 9 |  |  | $ | 429 |  |  | $ | 27 |  |  | $ | 130 |  |  | $ | 595 |  | 0.56 | %
(a)Combination modifications consist primarily of loans modified with both an interest rate reduction and a term extension.
As of December 31, 2024 | Interest Rate Reduction | Term Extension | Other | Combination(a) | Total
Dollars in millions | Amortized Cost Basis |  | Amortized Cost Basis |  | Amortized Cost Basis |  | Amortized Cost Basis |  | Amortized Cost Basis | % of Total Loan Type
LOAN TYPE |  |  |  |  |  |  |  |  |  |
Commercial and Industrial | $ | — |  |  | $ | 118 |  |  | $ | 25 |  |  | $ | 20 |  |  | $ | 163 |  | 0.31 | %
Commercial real estate: |  |  |  |  |  |  |  |  |  |
Commercial mortgage | 28 |  |  | 236 |  |  | 22 |  |  | 21 |  |  | 307 |  | 2.31 |
Construction | — |  |  | 29 |  |  | — |  |  | — |  |  | 29 |  | 0.99 |
Total commercial real estate loans | 28 |  |  | 265 |  |  | 22 |  |  | 21 |  |  | 336 |  | 2.07 |
Total commercial loans | $ | 28 |  |  | $ | 383 |  |  | $ | 47 |  |  | $ | 41 |  |  | $ | 499 |  | 0.69 | %
Real estate — residential mortgage | $ | 1 |  |  | $ | 1 |  |  | $ | — |  |  | $ | 12 |  |  | $ | 14 |  | 0.07 | %
Home equity loans | 3 |  |  | 1 |  |  | 2 |  |  | 7 |  |  | 13 |  | 0.20 |
Other consumer loans | — |  |  | 2 |  |  | — |  |  | 3 |  |  | 5 |  | 0.10 |
Credit cards | — |  |  | — |  |  | — |  |  | 3 |  |  | 3 |  | 0.31 |
Total consumer loans | $ | 4 |  |  | $ | 4 |  |  | $ | 2 |  |  | $ | 25 |  |  | $ | 35 |  | 0.11 | %
Total loans | $ | 32 |  |  | $ | 387 |  |  | $ | 49 |  |  | $ | 66 |  |  | $ | 534 |  | 0.51 | %
(a)Combination modifications consist primarily of loans modified with both an interest rate reduction and a term extension.
As of December 31, 2023 | Interest Rate Reduction | Term Extension | Other | Combination(a) | Total
Dollars in millions | Amortized Cost Basis |  | Amortized Cost Basis |  | Amortized Cost Basis |  | Amortized Cost Basis |  | Amortized Cost Basis | % of Total Loan Type
LOAN TYPE |  |  |  |  |  |  |  |  |  |
Commercial and Industrial | $ | — |  |  | $ | 180 |  |  | $ | 49 |  |  | $ | 34 |  |  | $ | 263 |  | 0.47 | %
Commercial real estate: |  |  |  |  |  |  |  |  |  |
Commercial mortgage | — |  |  | 4 |  |  | 2 |  |  | — |  |  | 6 |  | 0.04 |
Construction | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |
Total commercial real estate loans | — |  |  | 4 |  |  | 2 |  |  | — |  |  | 6 |  | 0.03 |
Total commercial loans | $ | — |  |  | $ | 184 |  |  | $ | 51 |  |  | $ | 34 |  |  | $ | 269 |  | 0.35 | %
Real estate — residential mortgage | $ | — |  |  | $ | — |  |  | $ | 1 |  |  | $ | 9 |  |  | $ | 10 |  | 0.05 | %
Home equity loans | 2 |  |  | 1 |  |  | 1 |  |  | 5 |  |  | 9 |  | 0.13 |
Other consumer loans | — |  |  | 1 |  |  | — |  |  | 2 |  |  | 3 |  | 0.05 |
Credit cards | — |  |  | — |  |  | — |  |  | 4 |  |  | 4 |  | 0.40 |
Total consumer loans | $ | 2 |  |  | $ | 2 |  |  | $ | 2 |  |  | $ | 20 |  |  | $ | 26 |  | 0.07 | %
Total loans | $ | 2 |  |  | $ | 186 |  |  | $ | 53 |  |  | $ | 54 |  |  | $ | 295 |  | 0.26 | %
(a)Combination modifications consist primarily of loans modified with both an interest rate reduction and a term extension. Financial Effects of Modifications to Borrowers Experiencing Financial Difficulty The following table summarizes the financial impacts of loan modifications made to specific loans for the noted periods.
Twelve months ended December 31, 2025 | Weighted-average Interest Rate Change | Weighted-average Term Extension (in years)
LOAN TYPE |  |
Commercial and Industrial | (0.87) | % | 1.24
Commercial mortgage | — | % | 0.96
Construction | — | % | 0.50
Real estate — residential mortgage | (1.86) | % | 5.85
Home equity loans | (2.97) | % | 7.55
Other consumer loans | (3.65) | % | 1.20
Credit cards | (8.27) | % | 1.00
Twelve months ended December 31, 2024 | Weighted-average Interest Rate Change | Weighted-average Term Extension (in years)
LOAN TYPE |  |
Commercial and Industrial | (4.12) | % | 1.75
Commercial mortgage | (1.49) | % | 0.66
Construction | — | % | 2.87
Real estate — residential mortgage | (1.81) | % | 6.15
Home equity loans | (4.03) | % | 6.53
Other consumer loans | (4.06) | % | 0.77
Credit cards | (16.26) | % | 1.00
Twelve months ended December 31, 2023 | Weighted-average Interest Rate Change | Weighted-average Term Extension (in years)
LOAN TYPE |  |
Commercial and Industrial | (5.69) | % | 0.59
Commercial mortgage | — | % | 1.37
Real estate — residential mortgage | (1.97) | % | 7.58
Home equity loans | (4.02) | % | 6.87
Other consumer loans | (3.62) | % | 1.01
Credit cards | (14.90) | % | 1.00
Amortized Cost Basis of Modified Loans That Subsequently Defaulted Key considers modifications to borrowers experiencing financial difficulty that subsequently become 90 days or more past due under modified terms as subsequently defaulted. The following table presents the amortized cost of modified loans to borrowers experiencing financial difficulty that were within 12 months of their modification and subsequently defaulted within the noted periods.
Twelve months ended December 31, 2025 | Interest Rate Reduction |  |  |  |
Dollars in millions | Term Extension | Other | Combination | Total
LOAN TYPE |  |  |  |  |
Commercial and Industrial | $ | — |  | $ | 2 |  | $ | 5 |  | $ | — |  | $ | 7 |
Commercial real estate |  |  |  |  |
Commercial mortgage | — |  | 18 |  | — |  | — |  | 18 |
Total commercial real estate loans | — |  | 18 |  | — |  | — |  | 18 |
Total commercial loans | $ | — |  | $ | 20 |  | $ | 5 |  | $ | — |  | $ | 25 |
Real estate — residential mortgage | $ | — |  | $ | — |  | $ | — |  | $ | 1 |  | $ | 1 |
Home equity loans | — |  | — |  | 1 |  | — |  | 1 |
Total consumer loans | $ | — |  | $ | — |  | $ | 1 |  | $ | 1 |  | $ | 2 |
Total loans | $ | — |  | $ | 20 |  | $ | 6 |  | $ | 1 |  | $ | 27 |
Twelve months ended December 31, 2024 | Interest Rate Reduction |  |  |  |
Dollars in millions | Term Extension | Other | Combination | Total
LOAN TYPE |  |  |  |  |
Commercial and Industrial | $ | — |  | $ | 22 |  | $ | — |  | $ | 1 |  | $ | 23 |
Commercial real estate |  |  |  |  |
Commercial mortgage | 11 |  | — |  |  | — |  | 11 |
Total commercial real estate loans | 11 |  | — |  | — |  | — |  | 11 |
Total commercial loans | $ | 11 |  | $ | 22 |  | $ | — |  | $ | 1 |  | $ | 34 |
Real estate — residential mortgage | $ | — |  | $ | — |  | $ | — |  | $ | 1 |  | $ | 1 |
Home equity loans | — |  | — |  | — |  | 2 |  | 2 |
Total consumer loans | $ | — |  | $ | — |  | $ | — |  | $ | 3 |  | $ | 3 |
Total loans | $ | 11 |  | $ | 22 |  | $ | — |  | $ | 4 |  | $ | 37 |
Twelve months ended December 31, 2023 |  |  |  |  |
Dollars in millions | Interest Rate Reduction | Term Extension | Other | Combination | Total
LOAN TYPE |  |  |  |  |
Commercial and Industrial | $ | — |  | $ | 7 |  | $ | — |  | $ | 3 |  | $ | 10 |
Commercial real estate |  |  |  |  |
Commercial mortgage | — |  | — |  | 1 |  | — |  | 1 |
Total commercial real estate loans | — |  | 7 |  | 1 |  | 3 |  | 11 |
Commercial lease financing | — |  | — |  | — |  | — |  | — |
Total commercial loans | $ | — |  | $ | 7 |  | $ | 1 |  | $ | 3 |  | $ | 11 |
Total consumer loans | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |
Total loans | $ | — |  | $ | 7 |  | $ | 1 |  | $ | 3 |  | $ | 11 |
Key closely monitors the performance of loans that are modified for borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following table presents the amortized cost as of December 31, 2025, of loans modified during the 12 months then ended, by aging.
As of December 31, 2025 | Current | 30-89 Days Past Due |  | 90 and Greater Days Past Due | Total
Dollars in millions
LOAN TYPE |  |  |  |  |
Commercial and Industrial | $ | 286 |  | $ | 7 |  |  | $ | 11 |  | $ | 304 |
Commercial real estate |  |  |  |  |
Commercial mortgage | 184 |  | 42 |  |  | 5 |  | 231 |
Construction | 30 |  | — |  |  | — |  | 30 |
Total commercial real estate loans | 214 |  | 42 |  |  | 5 |  | 261 |
Commercial lease financing | — |  | — |  |  | — |  | — |
Total commercial loans | $ | 500 |  | $ | 49 |  |  | $ | 16 |  | $ | 565 |
Real estate — residential mortgage | $ | 12 |  | $ | 1 |  |  | $ | 1 |  | $ | 14 |
Home equity loans | 9 |  | — |  |  | — |  | 9 |
Other consumer loans | 4 |  | — |  |  | — |  | 4 |
Credit cards | 3 |  | — |  |  | — |  | 3 |
Total consumer loans | $ | 28 |  | $ | 1 |  |  | $ | 1 |  | $ | 30 |
Total loans | $ | 528 |  | $ | 50 |  |  | $ | 17 |  | $ | 595 |
The following table presents the amortized cost as of December 31, 2024, of loans modified during the 12 months then ended, by aging.
As of December 31, 2024 | Current | 30-89 Days Past Due |  | 90 and Greater Days Past Due | Total
Dollars in millions
LOAN TYPE |  |  |  |  |
Commercial and Industrial | $ | 154 |  | $ | 3 |  |  | $ | 6 |  | $ | 163 |
Commercial real estate |  |  |  |  |
Commercial mortgage | 260 |  | 19 |  |  | 28 |  | 307 |
Construction | 29 |  | — |  |  | — |  | 29 |
Total commercial real estate loans | 289 |  | 19 |  |  | 28 |  | 336 |
Total commercial loans | $ | 443 |  | $ | 22 |  |  | $ | 34 |  | $ | 499 |
Real estate — residential mortgage | $ | 12 |  | $ | 1 |  |  | $ | 1 |  | $ | 14 |
Home equity loans | 11 |  | 1 |  |  | 1 |  | 13 |
Other consumer loans | 5 |  | — |  |  | — |  | 5 |
Credit cards | 3 |  | — |  |  | — |  | 3 |
Total consumer loans | $ | 31 |  | $ | 2 |  |  | $ | 2 |  | $ | 35 |
Total loans | $ | 474 |  | $ | 24 |  |  | $ | 36 |  | $ | 534 |
The following table presents the amortized cost as of December 31, 2023, of loans modified during the 12 months then ended, by aging.
As of December 31, 2023 | Current | 30-89 Days Past Due |  | 90 and Greater Days Past Due | Total
Dollars in millions
LOAN TYPE |  |  |  |  |
Commercial and Industrial | $ | 238 |  | $ | 25 |  |  | $ | — |  | $ | 263 |
Commercial real estate |  |  |  |  |
Commercial mortgage | 6 |  | — |  |  | — |  | 6 |
Total commercial real estate loans | $ | 244 |  | $ | 25 |  |  | $ | — |  | $ | 269 |
Total commercial loans | $ | 244 |  | $ | 25 |  |  | $ | — |  | $ | 269 |
Real estate — residential mortgage | $ | 9 |  | $ | 1 |  |  | $ | — |  | $ | 10 |
Home equity loans | 8 |  | — |  |  | 1 |  | 9 |
Other consumer loans | 3 |  | — |  |  | — |  | 3 |
Credit cards | 3 |  | 1 |  |  | — |  | 4 |
Total consumer loans | $ | 23 |  | $ | 2 |  |  | $ | 1 |  | $ | 26 |
Total loans | $ | 267 |  | $ | 27 |  |  | $ | 1 |  | $ | 295 |
Liability for Credit Losses on Lending-related Commitments The liability for credit losses on lending-related commitments is included in “accrued expense and other liabilities” on the balance sheet. This includes credit risk for recourse associated with loans sold under the Fannie Mae Delegated Underwriting and Servicing program and credit losses inherent in unfunded lending-related commitments, such as letters of credit and unfunded loan commitments, and certain financial guarantees. Changes in the liability for credit losses on lending-related commitments are summarized as follows:
|  | Twelve months ended December 31,
Dollars in millions |  |  | 2025 | 2024
Balance at beginning of period |  |  | $ | 290 |  | $ | 296 |
Provision (credit) for losses on off balance sheet exposures |  |  | 23 |  | (6) |
Other |  |  | — |  | — |
Balance at end of period |  |  | $ | 313 |  | $ | 290 |

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

X
- Definition The entire disclosure for financing receivable. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147481933/310-10-55-12A Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Subparagraph (a)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-42 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 44 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-44 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/310-10/tableOfContent Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 310 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/310-20/tableOfContent + Details
Name: | us-gaap_FinancingReceivablesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration