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v3.22.2.2

Allowance for Credit Losses (Tables) | 9 Months Ended
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Sep. 30, 2022
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract] |
Rollforward Of The Allowance For Loan Losses By Portfolio Segment | The following table provides a rollforward of the ALLL and the reserve for unfunded lending commitments by portfolio type for the three and nine months ended September 30, 2022 and 2021:
ROLLFORWARD OF ALLL & RESERVE FOR UNFUNDED LENDING COMMITMENTS
(Dollars in millions) |  | Commercial, Financial, and Industrial (a) |  | Commercial Real Estate |  | Consumer Real Estate |  | Credit Card and Other |  | Total
|  | Three Months Ended September 30, 2022
Allowance for loan and lease losses: |  |  |  |  |  |  |  |  |  |
Balance as of July 1, 2022 |  | $ | 274 |  |  | $ | 141 |  |  | $ | 183 |  |  | $ | 26 |  |  | $ | 624 |
Charge-offs |  | (13) |  |  | (1) |  |  | (1) |  |  | (6) |  |  | (21) |
Recoveries |  | 2 |  |  | — |  |  | 6 |  |  | 1 |  |  | 9 |
Provision for loan and lease losses |  | 32 |  |  | 8 |  |  | 5 |  |  | 7 |  |  | 52 |
Balance as of September 30, 2022 |  | $ | 295 |  |  | $ | 148 |  |  | $ | 193 |  |  | $ | 28 |  |  | $ | 664 |
Reserve for remaining unfunded commitments: |  |  |  |  |  |  |  |  |  |
Balance as of July 1, 2022 |  | 53 |  |  | 17 |  |  | 10 |  |  | — |  |  | 80 |
Provision for remaining unfunded commitments |  | 5 |  |  | 2 |  |  | 1 |  |  | — |  |  | 8 |
Balance as of September 30, 2022 |  | 58 |  |  | 19 |  |  | 11 |  |  | — |  |  | 88 |
Allowance for credit losses as of September 30, 2022 |  | $ | 353 |  |  | $ | 167 |  |  | $ | 204 |  |  | $ | 28 |  |  | $ | 752 |
|  | Three Months Ended September 30, 2021
Allowance for loan and lease losses: |  |  |  |  |  |  |  |  |  |
Balance as of July 1, 2021 |  | $ | 385 |  |  | $ | 210 |  |  | $ | 203 |  |  | $ | 17 |  |  | $ | 815 |
Charge-offs |  | (11) |  |  | (2) |  |  | (1) |  |  | (5) |  |  | (19) |
Recoveries |  | 7 |  |  | 2 |  |  | 7 |  |  | — |  |  | 16 |
Provision for loan losses |  | (7) |  |  | (48) |  |  | (30) |  |  | 7 |  |  | (78) |
Balance as of September 30, 2021 |  | $ | 374 |  |  | $ | 162 |  |  | $ | 179 |  |  | $ | 19 |  |  | $ | 734 |
Reserve for remaining unfunded commitments: |  |  |  |  |  |  |  |  |  |
Balance as of July 1, 2021 |  | $ | 57 |  |  | $ | 9 |  |  | $ | 9 |  |  | $ | — |  |  | $ | 75 |
Provision for remaining unfunded commitments |  | (8) |  |  | 1 |  |  | — |  |  | — |  |  | (7) |
Balance as of September 30, 2021 |  | 49 |  |  | 10 |  |  | 9 |  |  | — |  |  | 68 |
Allowance for credit losses as of September 30, 2021 |  | $ | 423 |  |  | $ | 172 |  |  | $ | 188 |  |  | $ | 19 |  |  | $ | 802 |
|  | Nine Months Ended September 30, 2022
Allowance for loan and lease losses: |  |  |  |  |  |  |  |  |  |
Balance as of January 1, 2022 |  | $ | 334 |  |  | $ | 154 |  |  | $ | 163 |  |  | $ | 19 |  |  | $ | 670 |
Charge-offs |  | (38) |  |  | (1) |  |  | (4) |  |  | (18) |  |  | (61) |
Recoveries |  | 6 |  |  | 1 |  |  | 17 |  |  | 3 |  |  | 27 |
Provision for loan and lease losses |  | (7) |  |  | (6) |  |  | 17 |  |  | 24 |  |  | 28 |
Balance as of September 30, 2022 |  | $ | 295 |  |  | $ | 148 |  |  | $ | 193 |  |  | $ | 28 |  |  | $ | 664 |
Reserve for remaining unfunded commitments: |  |  |  |  |  |  |  |  |  |
Balance as of January 1, 2022 |  | $ | 46 |  |  | $ | 12 |  |  | $ | 8 |  |  | $ | — |  |  | $ | 66 |
Provision for remaining unfunded commitments |  | 12 |  |  | 7 |  |  | 3 |  |  | — |  |  | 22 |
Balance as of September 30, 2022 |  | 58 |  |  | 19 |  |  | 11 |  |  | — |  |  | 88 |
Allowance for credit losses as of September 30, 2022 |  | $ | 353 |  |  | $ | 167 |  |  | $ | 204 |  |  | $ | 28 |  |  | $ | 752 |
|  | Nine Months Ended September 30, 2021
Allowance for loan and lease losses: |  |  |  |  |  |  |  |  |  |
Balance as of January 1, 2021 |  | $ | 453 |  |  | $ | 242 |  |  | $ | 242 |  |  | $ | 26 |  |  | $ | 963 |
Charge-offs |  | (27) |  |  | (5) |  |  | (5) |  |  | (11) |  |  | (48) |
Recoveries |  | 18 |  |  | 5 |  |  | 21 |  |  | 3 |  |  | 47 |
Provision for loan and lease losses |  | (70) |  |  | (80) |  |  | (79) |  |  | 1 |  |  | (228) |
Balance as of September 30, 2021 |  | $ | 374 |  |  | $ | 162 |  |  | $ | 179 |  |  | $ | 19 |  |  | $ | 734 |
Reserve for remaining unfunded commitments: |  |  |  |  |  |  |  |  |  |
Balance as of January 1, 2021 |  | $ | 65 |  |  | $ | 10 |  |  | $ | 10 |  |  | $ | — |  |  | $ | 85 |
Provision for remaining unfunded commitments |  | (16) |  |  | — |  |  | (1) |  |  | — |  |  | (17) |
Balance as of September 30, 2021 |  | 49 |  |  | 10 |  |  | 9 |  |  | — |  |  | 68 |
Allowance for credit losses as of September 30, 2021 |  | $ | 423 |  |  | $ | 172 |  |  | $ | 188 |  |  | $ | 19 |  |  | $ | 802 |
(a) C&I loans as of September 30, 2022 and 2021 include $129 million and $2.0 billion in PPP loans, respectively, which due to the government guarantee and forgiveness provisions are considered to have no credit risk and therefore have no allowance for loan and lease losses.

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- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953423-111524 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447 + Details
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