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Loans and Leases (Tables) | 12 Months Ended
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Dec. 31, 2023
Receivables [Abstract] |
Schedule of Loans and Leases by Portfolio Segment | The following table provides the amortized cost basis of loans and leases by portfolio segment and class as of December 31, 2023 and 2022, excluding accrued interest of $287 million and $226 million, respectively, which is included in other assets in the Consolidated Balance Sheets. Table 8.3.1 LOANS AND LEASES BY PORTFOLIO SEGMENT
|  | December 31,
(Dollars in millions) |  | 2023 |  | 2022
Commercial: |  |  |  |
Commercial and industrial (a) (b) |  | $ | 30,614 |  |  | $ | 29,523 |
Loans to mortgage companies |  | 2,019 |  |  | 2,258 |
Total commercial, financial, and industrial |  | 32,633 |  |  | 31,781 |
Commercial real estate |  | 14,216 |  |  | 13,228 |
Consumer: |  |  |  |
HELOC |  | 2,219 |  |  | 2,028 |
Real estate installment loans |  | 11,431 |  |  | 10,225 |
Total consumer real estate |  | 13,650 |  |  | 12,253 |
Credit card and other (c) |  | 793 |  |  | 840 |
Loans and leases |  | $ | 61,292 |  |  | $ | 58,102 |
Allowance for loan and lease losses |  | (773) |  |  | (685) |
Net loans and leases |  | $ | 60,519 |  |  | $ | 57,417 |
(a)Includes equipment financing leases of $1.2 billion and $1.1 billion as of December 31, 2023 and 2022, respectively. (b)Includes PPP loans fully guaranteed by the SBA of $29 million and $76 million as of December 31, 2023 and 2022, respectively. (c)Includes $180 million and $193 million of commercial credit card balances as of December 31, 2023 and 2022, respectively.
Schedule of Financing Receivable Credit Quality Indicators | The following table provides the amortized cost basis of the commercial loan portfolio by year of origination and credit quality indicator as of December 31, 2023 and 2022: Table 8.3.2 C&I PORTFOLIO
|  | December 31, 2023
(Dollars in millions) |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | Prior to 2019 |  | LMC (a) |  | Revolving Loans |  | Revolving Loans Converted to Term Loans |  | Total
Credit Quality Indicator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass (PD grades 1 through 12) (b) |  | $ | 4,009 |  |  | $ | 5,638 |  |  | $ | 3,507 |  |  | $ | 1,636 |  |  | $ | 1,666 |  |  | $ | 3,449 |  |  | $ | 2,014 |  |  | $ | 9,087 |  |  | $ | 327 |  |  | $ | 31,333 |
Special Mention (PD grade 13) |  | 75 |  |  | 60 |  |  | 64 |  |  | 56 |  |  | 101 |  |  | 57 |  |  | — |  |  | 186 |  |  | — |  |  | 599 |
Substandard, Doubtful, or Loss (PD grades 14,15, and 16) |  | 41 |  |  | 135 |  |  | 94 |  |  | 51 |  |  | 39 |  |  | 100 |  |  | 5 |  |  | 187 |  |  | 49 |  |  | 701 |
Total C&I loans |  | $ | 4,125 |  |  | $ | 5,833 |  |  | $ | 3,665 |  |  | $ | 1,743 |  |  | $ | 1,806 |  |  | $ | 3,606 |  |  | $ | 2,019 |  |  | $ | 9,460 |  |  | $ | 376 |  |  | $ | 32,633 |
|  | December 31, 2022
(Dollars in millions) |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | 2018 |  | Prior to 2018 |  | LMC (a) |  | Revolving Loans |  | Revolving Loans Converted to Term Loans |  | Total
Credit Quality Indicator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass (PD grades 1 through 12) (b) |  | $ | 7,456 |  |  | $ | 3,634 |  |  | $ | 1,803 |  |  | $ | 1,912 |  |  | $ | 1,112 |  |  | $ | 3,170 |  |  | $ | 2,258 |  |  | $ | 9,166 |  |  | $ | 371 |  |  | $ | 30,882 |
Special Mention (PD grade 13) |  | 17 |  |  | 56 |  |  | 17 |  |  | 125 |  |  | 8 |  |  | 80 |  |  | — |  |  | 126 |  |  | — |  |  | 429 |
Substandard, Doubtful, or Loss (PD grades 14,15, and 16) |  | 36 |  |  | 48 |  |  | 41 |  |  | 34 |  |  | 25 |  |  | 55 |  |  | — |  |  | 134 |  |  | 97 |  |  | 470 |
Total C&I loans |  | $ | 7,509 |  |  | $ | 3,738 |  |  | $ | 1,861 |  |  | $ | 2,071 |  |  | $ | 1,145 |  |  | $ | 3,305 |  |  | $ | 2,258 |  |  | $ | 9,426 |  |  | $ | 468 |  |  | $ | 31,781 |
(a)LMC includes non-revolving commercial lines of credit to qualified mortgage companies primarily for the temporary warehousing of eligible mortgage loans prior to the borrower's sale of those mortgage loans to third party investors. The loans are of short duration with maturities less than one year. (b) Includes PPP loans. Table 8.3.3 CRE PORTFOLIO
|  | December 31, 2023
(Dollars in millions) |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | Prior to 2019 |  | Revolving Loans |  | Revolving Loans Converted to Term Loans |  | Total
Credit Quality Indicator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass (PD grades 1 through 12) |  | $ | 853 |  |  | $ | 3,473 |  |  | $ | 3,518 |  |  | $ | 1,162 |  |  | $ | 1,216 |  |  | $ | 2,853 |  |  | $ | 393 |  |  | $ | 18 |  |  | $ | 13,486 |
Special Mention (PD grade 13) |  | 5 |  |  | 1 |  |  | 129 |  |  | 86 |  |  | 175 |  |  | 82 |  |  | — |  |  | — |  |  | 478 |
Substandard, Doubtful, or Loss (PD grades 14,15, and 16) |  | — |  |  | 2 |  |  | 5 |  |  | 11 |  |  | 175 |  |  | 59 |  |  | — |  |  | — |  |  | 252 |
Total CRE loans |  | $ | 858 |  |  | $ | 3,476 |  |  | $ | 3,652 |  |  | $ | 1,259 |  |  | $ | 1,566 |  |  | $ | 2,994 |  |  | $ | 393 |  |  | $ | 18 |  |  | $ | 14,216 |
|  | December 31, 2022
(Dollars in millions) |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | 2018 |  | Prior to 2018 |  | Revolving Loans |  | Revolving Loans Converted to Term Loans |  | Total
Credit Quality Indicator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass (PD grades 1 through 12) |  | $ | 2,637 |  |  | $ | 3,324 |  |  | $ | 1,488 |  |  | $ | 1,855 |  |  | $ | 808 |  |  | $ | 2,565 |  |  | $ | 274 |  |  | $ | 20 |  |  | $ | 12,971 |
Special Mention (PD grade 13) |  | — |  |  | 3 |  |  | 3 |  |  | 37 |  |  | 68 |  |  | 5 |  |  | 1 |  |  | — |  |  | 117 |
Substandard, Doubtful, or Loss (PD grades 14,15, and 16) |  | 1 |  |  | 4 |  |  | 12 |  |  | 50 |  |  | 31 |  |  | 31 |  |  | 11 |  |  | — |  |  | 140 |
Total CRE loans |  | $ | 2,638 |  |  | $ | 3,331 |  |  | $ | 1,503 |  |  | $ | 1,942 |  |  | $ | 907 |  |  | $ | 2,601 |  |  | $ | 286 |  |  | $ | 20 |  |  | $ | 13,228 |
The following table reflects the amortized cost basis by year of origination and refreshed FICO scores for consumer real estate loans as of December 31, 2023 and 2022. Within consumer real estate, classes include HELOC and real estate installment loans. HELOCs are loans which during their draw period are classified as revolving loans. Once the draw period ends and the loan enters its repayment period, the loan converts to a term loan and is classified as a revolving loan converted to a term loan. All loans classified in the following table as revolving loans or revolving loans converted to term loans are HELOCs. Real estate installment loans are originated as fixed term loans and are classified below in their vintage year. All loans in the following tables classified in a vintage year are real estate installment loans. Table 8.3.4 CONSUMER REAL ESTATE PORTFOLIO
|  | December 31, 2023
(Dollars in millions) |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | Prior to 2019 |  | Revolving Loans |  | Revolving Loans Converted to Term Loans |  | Total
FICO score 740 or greater |  | $ | 1,572 |  |  | $ | 2,099 |  |  | $ | 1,720 |  |  | $ | 730 |  |  | $ | 465 |  |  | $ | 1,332 |  |  | $ | 1,522 |  |  | $ | 50 |  |  | $ | 9,490 |
FICO score 720-739 |  | 205 |  |  | 286 |  |  | 227 |  |  | 107 |  |  | 88 |  |  | 230 |  |  | 192 |  |  | 15 |  |  | 1,350 |
FICO score 700-719 |  | 154 |  |  | 232 |  |  | 193 |  |  | 81 |  |  | 52 |  |  | 224 |  |  | 159 |  |  | 17 |  |  | 1,112 |
FICO score 660-699 |  | 170 |  |  | 198 |  |  | 113 |  |  | 83 |  |  | 53 |  |  | 290 |  |  | 168 |  |  | 18 |  |  | 1,093 |
FICO score 620-659 |  | 11 |  |  | 20 |  |  | 23 |  |  | 22 |  |  | 36 |  |  | 106 |  |  | 36 |  |  | 7 |  |  | 261 |
FICO score less than 620 |  | 18 |  |  | 19 |  |  | 15 |  |  | 20 |  |  | 12 |  |  | 225 |  |  | 24 |  |  | 11 |  |  | 344 |
Total |  | $ | 2,130 |  |  | $ | 2,854 |  |  | $ | 2,291 |  |  | $ | 1,043 |  |  | $ | 706 |  |  | $ | 2,407 |  |  | $ | 2,101 |  |  | $ | 118 |  |  | $ | 13,650 |
|  | December 31, 2022
(Dollars in millions) |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | 2018 |  | Prior to 2018 |  | Revolving Loans |  | Revolving Loans Converted to Term Loans |  | Total
FICO score 740 or greater |  | $ | 2,154 |  |  | $ | 1,847 |  |  | $ | 819 |  |  | $ | 523 |  |  | $ | 278 |  |  | $ | 1,294 |  |  | $ | 1,297 |  |  | $ | 63 |  |  | $ | 8,275 |
FICO score 720-739 |  | 292 |  |  | 246 |  |  | 116 |  |  | 98 |  |  | 34 |  |  | 238 |  |  | 183 |  |  | 18 |  |  | 1,225 |
FICO score 700-719 |  | 242 |  |  | 206 |  |  | 93 |  |  | 55 |  |  | 35 |  |  | 226 |  |  | 142 |  |  | 22 |  |  | 1,021 |
FICO score 660-699 |  | 214 |  |  | 137 |  |  | 90 |  |  | 55 |  |  | 62 |  |  | 278 |  |  | 192 |  |  | 23 |  |  | 1,051 |
FICO score 620-659 |  | 21 |  |  | 24 |  |  | 25 |  |  | 41 |  |  | 20 |  |  | 105 |  |  | 47 |  |  | 9 |  |  | 292 |
FICO score less than 620 |  | 15 |  |  | 19 |  |  | 32 |  |  | 12 |  |  | 23 |  |  | 256 |  |  | 16 |  |  | 16 |  |  | 389 |
Total |  | $ | 2,938 |  |  | $ | 2,479 |  |  | $ | 1,175 |  |  | $ | 784 |  |  | $ | 452 |  |  | $ | 2,397 |  |  | $ | 1,877 |  |  | $ | 151 |  |  | $ | 12,253 |
The following table reflects the amortized cost basis by year of origination and refreshed FICO scores for credit card and other loans as of December 31, 2023 and 2022. Table 8.3.5 CREDIT CARD & OTHER PORTFOLIO
|  | December 31, 2023
(Dollars in millions) |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | Prior to 2019 |  | Revolving Loans |  | Revolving Loans Converted to Term Loans |  | Total
FICO score 740 or greater |  | $ | 52 |  |  | $ | 26 |  |  | $ | 10 |  |  | $ | 5 |  |  | $ | 3 |  |  | $ | 27 |  |  | $ | 207 |  |  | $ | 5 |  |  | $ | 335 |
FICO score 720-739 |  | 5 |  |  | 3 |  |  | 1 |  |  | 1 |  |  | 1 |  |  | 5 |  |  | 24 |  |  | 1 |  |  | 41 |
FICO score 700-719 |  | 5 |  |  | 4 |  |  | 1 |  |  | 1 |  |  | 1 |  |  | 4 |  |  | 25 |  |  | 1 |  |  | 42 |
FICO score 660-699 |  | 4 |  |  | 3 |  |  | 1 |  |  | 1 |  |  | 1 |  |  | 8 |  |  | 23 |  |  | — |  |  | 41 |
FICO score 620-659 |  | 2 |  |  | 1 |  |  | 1 |  |  | — |  |  | — |  |  | 3 |  |  | 7 |  |  | — |  |  | 14 |
FICO score less than 620 |  | 12 |  |  | 9 |  |  | 6 |  |  | 8 |  |  | 13 |  |  | 103 |  |  | 168 |  |  | 1 |  |  | 320 |
Total |  | $ | 80 |  |  | $ | 46 |  |  | $ | 20 |  |  | $ | 16 |  |  | $ | 19 |  |  | $ | 150 |  |  | $ | 454 |  |  | $ | 8 |  |  | $ | 793 |
|  | December 31, 2022
(Dollars in millions) |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | 2018 |  | Prior to 2018 |  | Revolving Loans |  | Revolving Loans Converted to Term Loans |  | Total
FICO score 740 or greater |  | $ | 36 |  |  | $ | 14 |  |  | $ | 10 |  |  | $ | 10 |  |  | $ | 4 |  |  | $ | 25 |  |  | $ | 291 |  |  | $ | 6 |  |  | $ | 396 |
FICO score 720-739 |  | 3 |  |  | 2 |  |  | 2 |  |  | 1 |  |  | — |  |  | 4 |  |  | 30 |  |  | 1 |  |  | 43 |
FICO score 700-719 |  | 3 |  |  | 3 |  |  | 1 |  |  | 1 |  |  | — |  |  | 4 |  |  | 33 |  |  | 1 |  |  | 46 |
FICO score 660-699 |  | 3 |  |  | 2 |  |  | 1 |  |  | 1 |  |  | 2 |  |  | 7 |  |  | 30 |  |  | 1 |  |  | 47 |
FICO score 620-659 |  | 1 |  |  | 3 |  |  | 1 |  |  | — |  |  | — |  |  | 3 |  |  | 18 |  |  | — |  |  | 26 |
FICO score less than 620 |  | 7 |  |  | 6 |  |  | 6 |  |  | 10 |  |  | 7 |  |  | 71 |  |  | 174 |  |  | 1 |  |  | 282 |
Total |  | $ | 53 |  |  | $ | 30 |  |  | $ | 21 |  |  | $ | 23 |  |  | $ | 13 |  |  | $ | 114 |  |  | $ | 576 |  |  | $ | 10 |  |  | $ | 840 |
Schedule of Accruing and Non-Accruing Loans by Class | The following table reflects accruing and non-accruing loans and leases by class on December 31, 2023 and 2022: Table 8.3.6 ACCRUING & NON-ACCRUING LOANS & LEASES
|  | December 31, 2023
|  | Accruing |  | Non-Accruing |  |
(Dollars in millions) |  | Current |  | 30-89 Days Past Due |  | 90+ Days Past Due |  | Total Accruing |  | Current |  | 30-89 Days Past Due |  | 90+ Days Past Due |  | Total Non- Accruing |  | Total Loans and Leases
Commercial, financial, and industrial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
C&I (a) |  | $ | 30,403 |  |  | $ | 31 |  |  | $ | 1 |  |  | $ | 30,435 |  |  | $ | 108 |  |  | $ | 18 |  |  | $ | 53 |  |  | $ | 179 |  |  | $ | 30,614 |
Loans to mortgage companies |  | 2,013 |  |  | 1 |  |  | — |  |  | 2,014 |  |  | 5 |  |  | — |  |  | — |  |  | 5 |  |  | 2,019 |
Total commercial, financial, and industrial |  | 32,416 |  |  | 32 |  |  | 1 |  |  | 32,449 |  |  | 113 |  |  | 18 |  |  | 53 |  |  | 184 |  |  | 32,633 |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
CRE (b) |  | 14,072 |  |  | 8 |  |  | — |  |  | 14,080 |  |  | 41 |  |  | — |  |  | 95 |  |  | 136 |  |  | 14,216 |
Consumer real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
HELOC (c) |  | 2,158 |  |  | 11 |  |  | 4 |  |  | 2,173 |  |  | 30 |  |  | 6 |  |  | 10 |  |  | 46 |  |  | 2,219 |
Real estate installment loans (d) |  | 11,295 |  |  | 29 |  |  | 13 |  |  | 11,337 |  |  | 43 |  |  | 6 |  |  | 45 |  |  | 94 |  |  | 11,431 |
Total consumer real estate |  | 13,453 |  |  | 40 |  |  | 17 |  |  | 13,510 |  |  | 73 |  |  | 12 |  |  | 55 |  |  | 140 |  |  | 13,650 |
Credit card and other: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit card |  | 271 |  |  | 3 |  |  | 3 |  |  | 277 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 277 |
Other |  | 512 |  |  | 2 |  |  | — |  |  | 514 |  |  | 1 |  |  | — |  |  | 1 |  |  | 2 |  |  | 516 |
Total credit card and other |  | 783 |  |  | 5 |  |  | 3 |  |  | 791 |  |  | 1 |  |  | — |  |  | 1 |  |  | 2 |  |  | 793 |
Total loans and leases |  | $ | 60,724 |  |  | $ | 85 |  |  | $ | 21 |  |  | $ | 60,830 |  |  | $ | 228 |  |  | $ | 30 |  |  | $ | 204 |  |  | $ | 462 |  |  | $ | 61,292 |
|  | December 31, 2022
|  | Accruing |  | Non-Accruing |  |
(Dollars in millions) |  | Current |  | 30-89 Days Past Due |  | 90+ Days Past Due |  | Total Accruing |  | Current |  | 30-89 Days Past Due |  | 90+ Days Past Due |  | Total Non- Accruing |  | Total Loans and Leases
Commercial, financial, and industrial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
C&I (a) |  | $ | 29,309 |  |  | $ | 50 |  |  | $ | 11 |  |  | $ | 29,370 |  |  | $ | 64 |  |  | $ | 10 |  |  | $ | 79 |  |  | $ | 153 |  |  | $ | 29,523 |
Loans to mortgage companies |  | 2,258 |  |  | — |  |  | — |  |  | 2,258 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,258 |
Total commercial, financial, and industrial |  | 31,567 |  |  | 50 |  |  | 11 |  |  | 31,628 |  |  | 64 |  |  | 10 |  |  | 79 |  |  | 153 |  |  | 31,781 |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
CRE (b) |  | 13,208 |  |  | 11 |  |  | — |  |  | 13,219 |  |  | 7 |  |  | — |  |  | 2 |  |  | 9 |  |  | 13,228 |
Consumer real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
HELOC (c) |  | 1,967 |  |  | 12 |  |  | 5 |  |  | 1,984 |  |  | 32 |  |  | 4 |  |  | 8 |  |  | 44 |  |  | 2,028 |
Real estate installment loans (d) |  | 10,079 |  |  | 25 |  |  | 13 |  |  | 10,117 |  |  | 56 |  |  | 5 |  |  | 47 |  |  | 108 |  |  | 10,225 |
Total consumer real estate |  | 12,046 |  |  | 37 |  |  | 18 |  |  | 12,101 |  |  | 88 |  |  | 9 |  |  | 55 |  |  | 152 |  |  | 12,253 |
Credit card and other: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit card |  | 287 |  |  | 5 |  |  | 4 |  |  | 296 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 296 |
Other |  | 540 |  |  | 2 |  |  | — |  |  | 542 |  |  | 1 |  |  | — |  |  | 1 |  |  | 2 |  |  | 544 |
Total credit card and other |  | 827 |  |  | 7 |  |  | 4 |  |  | 838 |  |  | 1 |  |  | — |  |  | 1 |  |  | 2 |  |  | 840 |
Total loans and leases |  | $ | 57,648 |  |  | $ | 105 |  |  | $ | 33 |  |  | $ | 57,786 |  |  | $ | 160 |  |  | $ | 19 |  |  | $ | 137 |  |  | $ | 316 |  |  | $ | 58,102 |
(a) $178 million and $147 million of C&I loans are nonaccrual loans that have been specifically reviewed for impairment with no related allowance in 2023 and 2022, respectively. (b) $129 million and $5 million of CRE loans are nonaccrual loans that have been specifically reviewed for impairment with no related allowance for 2023 and 2022, respectively. (c) $4 million and $5 million of HELOC loans are nonaccrual loans that have been specifically reviewed for impairment with no related allowance for 2023 and 2022, respectively. (d) $10 million and $7 million of real estate installment loans are nonaccrual loans that have been specifically reviewed for impairment with no related allowance for 2023 and 2022, respectively.
Schedule of Financing Receivable, Modified | The following tables present the amortized cost basis at the end of the reporting period of loans modified to borrowers experiencing financial difficulty, disaggregated by class of financing receivable and type of modification made, as well as the financial effect of the modifications made as of December 31, 2023: Table 8.3.7 LOAN MODIFICATIONS TO BORROWERS EXPERIENCING FINANCIAL DIFFICULTY
|  | December 31, 2023
|  | Interest Rate Reduction
(Dollars in millions) |  | Balance |  | % of Total Class |  | Financial Effect
Consumer real estate |  | $ | 2 |  |  | — | % |  | Reduced weighted-average contractual interest rate from 8.60% to 5.00%
Credit card and other (a) |  | — |  |  | — |  |  | Reduced weighted-average contractual interest rate from 11.20% to 0.00%
Total |  | $ | 2 |  |  | — | % |  |
|  | December 31, 2023
|  | Term Extension
(Dollars in millions) |  | Balance |  | % of Total Class |  | Financial Effect |
C&I |  | $ | 90 |  |  | 0.3 | % |  | Added a weighted-average 1 year to the life of loans, which reduced monthly payment amounts for the borrowers |
CRE |  | 40 |  |  | 0.3 |  |  | Added a weighted-average 0.8 year to the life of loans, which reduced monthly payment amounts for the borrowers |
Consumer real estate |  | 2 |  |  | — |  |  | Added a weighted-average 12 years to the life of loans, which reduced monthly payment amounts for the borrowers |
Total |  | $ | 132 |  |  | 0.2 | % |  |  |
|  | December 31, 2023
|  | Principal Forgiveness
(Dollars in millions) |  | Balance |  | % of Total Class |  | Financial Effect |
Consumer real estate |  | $ | 2 |  |  | — | % |  | $1.3 million of the principal of consumer loans was legally discharged in bankruptcy during the period and the borrowers have not re-affirmed the debt as of period end |
Total |  | $ | 2 |  |  | — | % |  |  |
|  | December 31, 2023
|  | Payment Deferrals
(Dollars in millions) |  | Balance |  | % of Total Class |  | Financial Effect |
Consumer real estate |  | $ | 3 |  |  | — | % |  | Payment deferral for 11 months, with a balloon payment at the end of the term |
Total |  | $ | 3 |  |  | — | % |  |  |
|  | December 31, 2023
|  | Combination - Term Extension and Interest Rate Reduction
(Dollars in millions) |  | Balance |  | % of Total Class |  | Financial Effect |
C&I (a) |  | $ | — |  |  | — | % |  | Added a weighted-average 1.2 years to the life of loans and reduced weighted-average contractual interest rate from 13.00% to 11.50% |
Consumer real estate |  | 6 |  |  | — |  |  | Added a weighted-average 14.3 years to the life of loans and reduced weighted-average contractual interest rate from 5.00% to 4.70% |
Total |  | $ | 6 |  |  | — | % |  |  |
|  | December 31, 2023
|  | Combination - Term Extension, Interest Rate Reduction, and Interest Forgiveness
(Dollars in millions) |  | Balance |  | % of Total Class |  | Financial Effect |
C&I |  | $ | 2 |  |  | — | % |  | Added a weighted-average 3.7 years to the life of loans, reduced weighted-average contractual interest rate from 11.25% to 7.50% and provided less than $1 million in interest forgiveness |
Total |  | $ | 2 |  |  | — | % |  |  |
|  | December 31, 2023
|  | Combination - Term Extension, Interest Rate Reduction, and Interest Deferrals
(Dollars in millions) |  | Balance |  | % of Total Class |  | Financial Effect |
CRE |  | $ | 15 |  |  | 0.1 | % |  | Added a weighted-average 1 year to the life of loans, reduced weighted-average contractual interest rate from 8.65% to 8.00% and provided less than $1 million in deferred interest |
Total |  | $ | 15 |  |  | — | % |  |  |
(a) Balance less than $1 million.
Schedule of Financing Receivable, Performance of Modified Loan | The following table depicts the performance of loans that have been modified in the last 12 months: Table 8.3.8
PERFORMANCE OF LOANS THAT HAVE BEEN MODIFIED IN THE LAST 12 MONTHS
|  | December 31, 2023
(Dollars in millions) |  | Current |  | 30-89 Days Past Due |  | 90+ Days Past Due |  |  | Non-Accruing
C&I |  | $ | 70 |  |  | $ | — |  |  | $ | — |  |  |  | $ | 22 |
CRE |  | 8 |  |  | — |  |  | — |  |  |  | 47 |
Consumer real estate |  | 4 |  |  | — |  |  | — |  |  |  | 11 |
Credit card and other |  | — |  |  | — |  |  | — |  |  |  | — |
Total |  | $ | 82 |  |  | $ | — |  |  | $ | — |  |  |  | $ | 80 |
Schedule of Financing Receivable, Modified Loans in a TDR | The following table presents the end of period balance for loans modified in a TDR during the year ended December 31, 2022: Table 8.3.9 LOANS MODIFIED IN A TDR
|  |  | Year Ended December 31, 2022
(Dollars in millions) |  |  | Number |  | Pre-Modification Outstanding Recorded Investment |  | Post-Modification Outstanding Recorded Investment
C&I |  |  | 6 |  |  | $ | 30 |  |  | $ | 24 |
CRE |  |  | 1 |  |  | 1 |  |  | 1 |
HELOC |  |  | 98 |  |  | 7 |  |  | 7 |
Real estate installment loans |  |  | 181 |  |  | 41 |  |  | 41 |
Credit card and other |  |  | 81 |  |  | 12 |  |  | 12 |
Total TDRs |  |  | 367 |  |  | $ | 91 |  |  | $ | 85 |
Schedule Of Troubled Debt Restructurings Within The Previous 12 Months | The following table presents TDRs which re-defaulted during 2022, and as to which the modification occurred 12 months or less prior to the re-default. For purposes of this disclosure, FHN generally defines payment default as 30 or more days past due. Table 8.3.10 LOANS MODIFIED IN A TDR THAT RE-DEFAULTED
|  |  | Year Ended December 31, 2022
(Dollars in millions) |  |  | Number |  | Recorded Investment
C&I |  |  | 5 |  |  | $ | — |
CRE |  |  | — |  |  | — |
HELOC |  |  | 22 |  |  | 1 |
Real estate installment loans |  |  | 54 |  |  | 15 |
Credit card and other |  |  | 17 |  |  | — |
Total TDRs |  |  | 98 |  |  | $ | 16 |

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