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Allowance for Credit Losses (Tables) | 3 Months Ended
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Mar. 31, 2024
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 months ended March 31, 2024 and 2023:
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 March 31, 2024
Allowance for loan and lease losses: |  |  |  |  |  |  |  |  |  |
Balance as of January 1, 2024 |  | $ | 339 |  |  | $ | 172 |  |  | $ | 233 |  |  | $ | 29 |  |  | $ | 773 |
Charge-offs |  | (28) |  |  | (12) |  |  | — |  |  | (6) |  |  | (46) |
Recoveries |  | 3 |  |  | — |  |  | 1 |  |  | 2 |  |  | 6 |
Provision for loan and lease losses |  | 34 |  |  | 21 |  |  | (3) |  |  | 2 |  |  | 54 |
Balance as of March 31, 2024 |  | $ | 348 |  |  | $ | 181 |  |  | $ | 231 |  |  | $ | 27 |  |  | $ | 787 |
Reserve for remaining unfunded commitments: |  |  |  |  |  |  |  |  |  |
Balance as of January 1, 2024 |  | $ | 49 |  |  | $ | 22 |  |  | $ | 12 |  |  | $ | — |  |  | $ | 83 |
Provision for remaining unfunded commitments |  | — |  |  | (4) |  |  | — |  |  | — |  |  | (4) |
Balance as of March 31, 2024 |  | 49 |  |  | 18 |  |  | 12 |  |  | — |  |  | 79 |
Allowance for credit losses as of March 31, 2024 |  | $ | 397 |  |  | $ | 199 |  |  | $ | 243 |  |  | $ | 27 |  |  | $ | 866 |
|  | Three Months Ended March 31, 2023
Allowance for loan and lease losses: |  |  |  |  |  |  |  |  |  |
Balance as of January 1, 2023 |  | $ | 308 |  |  | $ | 146 |  |  | $ | 200 |  |  | $ | 31 |  |  | $ | 685 |
Adoption of ASU 2022-02 |  | 1 |  |  | — |  |  | (7) |  |  | — |  |  | (6) |
Charge-offs |  | (14) |  |  | (2) |  |  | (1) |  |  | (5) |  |  | (22) |
Recoveries |  | 3 |  |  | — |  |  | 2 |  |  | 1 |  |  | 6 |
Provision for loan and lease losses |  | 27 |  |  | 6 |  |  | 15 |  |  | 4 |  |  | 52 |
Balance as of March 31, 2023 |  | $ | 325 |  |  | $ | 150 |  |  | $ | 209 |  |  | $ | 31 |  |  | $ | 715 |
Reserve for remaining unfunded commitments: |  |  |  |  |  |  |  |  |  |
Balance as of January 1, 2023 |  | $ | 55 |  |  | $ | 22 |  |  | $ | 10 |  |  | $ | — |  |  | $ | 87 |
Provision for remaining unfunded commitments |  | (2) |  |  | (1) |  |  | 1 |  |  | — |  |  | (2) |
Balance as of March 31, 2023 |  | 53 |  |  | 21 |  |  | 11 |  |  | — |  |  | 85 |
Allowance for credit losses as of March 31, 2023 |  | $ | 378 |  |  | $ | 171 |  |  | $ | 220 |  |  | $ | 31 |  |  | $ | 800 |
(a) C&I loans as of March 31, 2024 and 2023 include $23 million and $53 million 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.
Schedule Of Gross Charge Offs by Year of Origination | The following table presents gross charge-offs by year of origination for the three months ended March 31, 2024 and 2023:
GROSS CHARGE-OFFS
(Dollars in millions) |  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | Prior to 2020 |  | Revolving Loans |  | Total
C&I |  | $ | — |  |  | $ | — |  |  | $ | 7 |  |  | $ | 13 |  |  | $ | 1 |  |  | $ | 6 |  |  | $ | 1 |  |  | $ | 28 |
CRE |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 12 |  |  | — |  |  | 12 |
Consumer Real Estate |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Credit Card and Other |  | 2 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | 3 |  |  | 6 |
Total |  | $ | 2 |  |  | $ | — |  |  | $ | 7 |  |  | $ | 13 |  |  | $ | 1 |  |  | $ | 19 |  |  | $ | 4 |  |  | $ | 46 |
|  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | Prior to 2019 |  | Revolving Loans |  | Total
C&I |  | $ | — |  |  | $ | 5 |  |  | $ | — |  |  | $ | 1 |  |  | $ | — |  |  | $ | 6 |  |  | $ | 2 |  |  | $ | 14 |
CRE |  | — |  |  | — |  |  | — |  |  | — |  |  | 2 |  |  | — |  |  | — |  |  | 2 |
Consumer Real Estate |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | 1 |
Credit Card and Other |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3 |  |  | 2 |  |  | 5 |
Total |  | $ | — |  |  | $ | 5 |  |  | $ | — |  |  | $ | 1 |  |  | $ | 2 |  |  | $ | 10 |  |  | $ | 4 |  |  | $ | 22 |

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