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Allowance for Credit Losses | 9 Months Ended
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Sep. 30, 2025
Receivables [Abstract] |
Allowance for Credit Losses | Allowance for Credit Losses The ACL represents management's estimate of lifetime credit losses for assets within its scope, specifically loans and leases and unfunded commitments. For more information about the Company's ACL methodology, refer to Note 1 – Summary of Significant Accounting Policies included in the Company's Annual Report on Form 10-K for the year ended December 31, 2024. At September 30, 2025, the ACL was $492 million, an increase of $51 million from the December 31, 2024 balance of $441 million. The change in the total ACL reflects credit migration trends, changes in the economic assumptions, and a recalibration of the commercial real estate, residential mortgage, and home equity line of credit CECL models in the first quarter of 2025, and the initial provision booked for the acquired Pacific Premier loan portfolio. To calculate the ACL, management uses models to estimate PD and LGD for loans and leases, incorporating forecasted economic conditions and macroeconomic variables. The Bank considers the current financial environment and various economic scenarios, selecting the most probable scenario at each measurement date. Forecasts for each variable are updated and incorporated into the ACL calculation. Projected macroeconomic variables over the forecast period can materially impact the ACL, with projections becoming less certain over time. The Bank opted to use Moody's Analytics' August 2025 consensus economic forecast for estimating the ACL as of September 30, 2025. In the consensus scenario, the probability that the economy will perform better than this consensus is equal to the probability that it will perform worse and includes the following variables:
| 2026 |  | 2027 |  | 2028 |  | 2029
U.S. real GDP average annualized growth | 1.7 | % |  | 2.0 | % |  | 2.0 | % |  | 2.1 | %
U.S. unemployment rate average | 4.4 | % |  | 4.3 | % |  | 4.1 | % |  | 4.0 | %
Forecasted average federal funds rate | 3.4 | % |  | 3.3 | % |  | 3.4 | % |  | 3.4 | %
The Bank uses an additional scenario with the same economic variables, but with varying severity, to assess ACL sensitivity and inform qualitative adjustments. For this analysis, the Bank selected Moody's Analytics' August 2025 S2 scenario (the "S2 Scenario"), which predicts a 75% probability of better economic performance and a 25% probability of worse performance. The S2 Scenario includes the following variables:
| 2026 |  | 2027 |  | 2028 |  | 2029
U.S. real GDP average annualized growth | (0.3) | % |  | 1.9 | % |  | 2.5 | % |  | 2.6 | %
U.S. unemployment rate average | 7.0 | % |  | 5.5 | % |  | 4.4 | % |  | 4.2 | %
Forecasted average federal funds rate | 2.6 | % |  | 2.0 | % |  | 2.5 | % |  | 2.9 | %
The forecast used to calculate the ACL as of September 30, 2025 is projecting higher GDP growth, lower unemployment rates, and average federal funds rates trending lower. This is compared to the December 31, 2024 ACL calculation, which used Moody’s Analytics’ November 2024 consensus economic forecast to forecast the variables used in the models. Management reviewed the results derived from the economic scenarios and subsequent changes in macroeconomic variables for sensitivity analysis, considering these factors when evaluating qualitative adjustments. Along with the quantitative factors produced by the above models, management also considers prepayment speeds and qualitative factors when determining the ACL. As of September 30, 2025, the Company evaluated qualitative factors and applied upward adjustments to the quantitative results for the ACL, which is directionally consistent with the upward adjustments made as of December 31, 2024. These overlays primarily focus on the commercial real estate and commercial loan portfolios and are intended to align the portfolios more closely with the S2 Scenario. This approach helps ensure that the allowance remains appropriately resilient and responsive to emerging risks, thereby supporting the resilience of the Bank's credit portfolio. By incorporating these targeted overlays, we aim to enhance the accuracy and robustness of our risk management strategy, providing a more comprehensive and adaptive approach to potential economic shifts. While qualitative overlays are applied, the ACL continues to be largely driven by modeled results, as management determined that the models adequately reflect the significant changes in credit conditions and overall portfolio risk. Management believes that the ACL was adequate as of September 30, 2025. The following tables summarize activity related to the ACL by portfolio segment for the periods indicated:
|  | Three Months Ended September 30, 2025
(in millions) |  | Commercial Real Estate |  | Commercial |  | Residential |  | Consumer & Other |  | Total
Allowance for credit losses on loans and leases |  |  |  |
Balance, beginning of period |  | $ | 160 |  |  | $ | 220 |  |  | $ | 34 |  |  | $ | 7 |  |  | $ | 421 |
Initial ACL on PCD loans acquired during the period |  | 4 |  |  | 1 |  |  | — |  |  | — |  |  | 5 |
Provision for credit losses on loans and leases |  | 44 |  |  | 22 |  |  | 2 |  |  | 1 |  |  | 69 |
Charge-offs |  | (3) |  |  | (22) |  |  | — |  |  | (2) |  |  | (27) |
Recoveries |  | — |  |  | 4 |  |  | — |  |  | 1 |  |  | 5 |
Net charge-offs |  | (3) |  |  | (18) |  |  | — |  |  | (1) |  |  | (22) |
Balance, end of period |  | $ | 205 |  |  | $ | 225 |  |  | $ | 36 |  |  | $ | 7 |  |  | $ | 473 |
Reserve for unfunded commitments |  |  |  |  |  |  |  |  |  |
Balance, beginning of period |  | $ | 8 |  |  | $ | 8 |  |  | $ | 1 |  |  | $ | 1 |  |  | $ | 18 |
Provision (recapture) for credit losses on unfunded commitments |  | 2 |  |  | (1) |  |  | — |  |  | — |  |  | 1 |
Balance, end of period |  | 10 |  |  | 7 |  |  | 1 |  |  | 1 |  |  | 19 |
Total allowance for credit losses |  | $ | 215 |  |  | $ | 232 |  |  | $ | 37 |  |  | $ | 8 |  |  | $ | 492 |
|  | Nine Months Ended September 30, 2025
(in millions) |  | Commercial Real Estate |  | Commercial |  | Residential |  | Consumer & Other |  | Total
Allowance for credit losses on loans and leases |  |  |  |  |  |
Balance, beginning of period |  | $ | 154 |  |  | $ | 219 |  |  | $ | 45 |  |  | $ | 7 |  |  | $ | 425 |
Initial ACL on PCD loans acquired during the period |  | 4 |  |  | 1 |  |  | — |  |  | — |  |  | 5 |
Provision (recapture) for credit losses on loans and leases |  | 50 |  |  | 80 |  |  | (8) |  |  | 2 |  |  | 124 |
Charge-offs |  | (3) |  |  | (88) |  |  | (1) |  |  | (4) |  |  | (96) |
Recoveries |  | — |  |  | 13 |  |  | — |  |  | 2 |  |  | 15 |
Net charge-offs |  | (3) |  |  | (75) |  |  | (1) |  |  | (2) |  |  | (81) |
Balance, end of period |  | $ | 205 |  |  | $ | 225 |  |  | $ | 36 |  |  | $ | 7 |  |  | $ | 473 |
Reserve for unfunded commitments |  |  |  |  |  |  |  |  |  |
Balance, beginning of period |  | $ | 6 |  |  | $ | 7 |  |  | $ | 2 |  |  | $ | 1 |  |  | $ | 16 |
Provision (recapture) for credit losses on unfunded commitments |  | 4 |  |  | — |  |  | (1) |  |  | — |  |  | 3 |
Balance, end of period |  | 10 |  |  | 7 |  |  | 1 |  |  | 1 |  |  | 19 |
Total allowance for credit losses |  | $ | 215 |  |  | $ | 232 |  |  | $ | 37 |  |  | $ | 8 |  |  | $ | 492 |
|  | Three Months Ended September 30, 2024
(in millions) |  | Commercial Real Estate |  | Commercial |  | Residential |  | Consumer & Other |  | Total
Allowance for credit losses on loans and leases |  |  |  |  |  |  |  |
Balance, beginning of period |  | $ | 143 |  |  | $ | 220 |  |  | $ | 49 |  |  | $ | 7 |  |  | $ | 419 |
Provision (recapture) for credit losses on loans and leases |  | 15 |  |  | 17 |  |  | (2) |  |  | 1 |  |  | 31 |
Charge-offs |  | — |  |  | (33) |  |  | (1) |  |  | (1) |  |  | (35) |
Recoveries |  | — |  |  | 5 |  |  | — |  |  | — |  |  | 5 |
Net charge-offs |  | — |  |  | (28) |  |  | (1) |  |  | (1) |  |  | (30) |
Balance, end of period |  | $ | 158 |  |  | $ | 209 |  |  | $ | 46 |  |  | $ | 7 |  |  | $ | 420 |
Reserve for unfunded commitments |  |  |  |  |  |  |  |  |  |
Balance, beginning of period |  | $ | 10 |  |  | $ | 7 |  |  | $ | 2 |  |  | $ | 1 |  |  | $ | 20 |
Recapture for credit losses on unfunded commitments |  | (2) |  |  | — |  |  | — |  |  | — |  |  | (2) |
Balance, end of period |  | 8 |  |  | 7 |  |  | 2 |  |  | 1 |  |  | 18 |
Total allowance for credit losses |  | $ | 166 |  |  | $ | 216 |  |  | $ | 48 |  |  | $ | 8 |  |  | $ | 438 |
|  | Nine Months Ended September 30, 2024
(in millions) |  | Commercial Real Estate |  | Commercial |  | Residential |  | Consumer & Other |  | Total
Allowance for credit losses on loans and leases |  |  |  |  |  |  |  |
Balance, beginning of period |  | $ | 126 |  |  | $ | 245 |  |  | $ | 62 |  |  | $ | 8 |  |  | $ | 441 |
Provision (recapture) for credit losses on loans and leases |  | 32 |  |  | 63 |  |  | (15) |  |  | 3 |  |  | 83 |
Charge-offs |  | (1) |  |  | (113) |  |  | (2) |  |  | (5) |  |  | (121) |
Recoveries |  | 1 |  |  | 14 |  |  | 1 |  |  | 1 |  |  | 17 |
Net charge-offs |  | — |  |  | (99) |  |  | (1) |  |  | (4) |  |  | (104) |
Balance, end of period |  | $ | 158 |  |  | $ | 209 |  |  | $ | 46 |  |  | $ | 7 |  |  | $ | 420 |
Reserve for unfunded commitments |  |  |  |  |  |  |  |  |  |
Balance, beginning of period |  | $ | 11 |  |  | $ | 8 |  |  | $ | 3 |  |  | $ | 1 |  |  | $ | 23 |
Recapture for credit losses on unfunded commitments |  | (3) |  |  | (1) |  |  | (1) |  |  | — |  |  | (5) |
Balance, end of period |  | 8 |  |  | 7 |  |  | 2 |  |  | 1 |  |  | 18 |
Total allowance for credit losses |  | $ | 166 |  |  | $ | 216 |  |  | $ | 48 |  |  | $ | 8 |  |  | $ | 438 |
Asset Quality and Non-Performing Loans and Leases The Bank actively manages asset quality and controls credit risk through diversification of the loan and lease portfolio and the application of policies designed to promote sound underwriting and loan and lease monitoring practices. The Bank's Credit Quality Administration department is charged with monitoring asset quality, establishing credit policies and procedures, and enforcing the consistent application of these policies and procedures across the Bank. The Bank conducts ongoing reviews of non-performing, past due loans and leases and larger credits, designed to identify potential charges to the ACL, and to determine the adequacy of the ACL. These reviews incorporate a variety of factors, including the financial strength of borrowers, collateral valuations, loan and lease loss experience, estimated loan and lease losses, growth in the loan and lease portfolio, prevailing economic conditions, and other relevant factors. Loans and Leases Past Due and Non-Accrual Loans and Leases Loans are considered past due if the required principal and interest payments have not been received as of the date such payments were due. Loans are placed on non-accrual status when, in management's opinion, the borrower may be unable to meet payment obligations as they become due, as well as when required by regulatory provisions. As of September 30, 2025 and December 31, 2024, loans and leases on non-accrual status with no related ACL was $2 million and $4 million, respectively, excluding collateral-dependent loans and leases that have been written down to net realizable value without an associated ACL of $70 million and $59 million, respectively. The remaining balance of non-accrual loans are substantially covered by government guarantees. The Company recognized no interest income on non-accrual loans and leases during the three and nine months ended September 30, 2025 and 2024. The following tables present the carrying value of the loans and leases past due, by loan and lease class, as of the dates presented:
| September 30, 2025
(in millions) | Greater than 30 to 59 Days Past Due |  | 60 to 89 Days Past Due |  | 90 Days or More and Accruing (2) |  | Total Past Due |  | Non-Accrual (2) |  | Current and Other |  | Total Loans and Leases
Commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |
Non-owner occupied term | $ | 8 |  |  | $ | 2 |  |  | $ | — |  |  | $ | 10 |  |  | $ | 38 |  |  | $ | 8,396 |  |  | $ | 8,444 |
Owner occupied term | 3 |  |  | — |  |  | — |  |  | 3 |  |  | 15 |  |  | 7,343 |  |  | 7,361 |
Multifamily | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 10,377 |  |  | 10,377 |
Construction & development | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,071 |  |  | 2,071 |
Residential development | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 367 |  |  | 367 |
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |
Term | 4 |  |  | 5 |  |  | — |  |  | 9 |  |  | 26 |  |  | 6,555 |  |  | 6,590 |
Lines of credit & other | 4 |  |  | 3 |  |  | — |  |  | 7 |  |  | 24 |  |  | 3,551 |  |  | 3,582 |
Leases & equipment finance | 15 |  |  | 15 |  |  | 5 |  |  | 35 |  |  | 17 |  |  | 1,562 |  |  | 1,614 |
Residential |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage (1) | — |  |  | 12 |  |  | 65 |  |  | 77 |  |  | — |  |  | 5,645 |  |  | 5,722 |
Home equity loans & lines | 9 |  |  | 4 |  |  | 8 |  |  | 21 |  |  | — |  |  | 2,132 |  |  | 2,153 |
Consumer & other | 1 |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | 180 |  |  | 181 |
Total, net of deferred fees and costs | $ | 44 |  |  | $ | 41 |  |  | $ | 78 |  |  | $ | 163 |  |  | $ | 120 |  |  | $ | 48,179 |  |  | $ | 48,462 |
(1) Includes government guaranteed mortgage loans that the Bank has the right but not the obligation to repurchase that are past due 90 days or more, totaling $2 million at September 30, 2025. (2) Includes government guaranteed portion of $33 million and $37 million for 90 days or more and non-accrual loans, respectively.
| December 31, 2024
(in millions) | Greater than 30 to 59 Days Past Due |  | 60 to 89 Days Past Due |  | 90 Days or More and Accruing (2) |  | Total Past Due |  | Non-Accrual (2) |  | Current and Other |  | Total Loans and Leases
Commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |
Non-owner occupied term | $ | 28 |  |  | $ | — |  |  | $ | — |  |  | $ | 28 |  |  | $ | 14 |  |  | $ | 6,236 |  |  | $ | 6,278 |
Owner occupied term | 1 |  |  | — |  |  | — |  |  | 1 |  |  | 25 |  |  | 5,244 |  |  | 5,270 |
Multifamily | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 5,804 |  |  | 5,804 |
Construction & development | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,983 |  |  | 1,983 |
Residential development | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 232 |  |  | 232 |
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |
Term | 2 |  |  | 1 |  |  | — |  |  | 3 |  |  | 29 |  |  | 5,506 |  |  | 5,538 |
Lines of credit & other | 5 |  |  | 6 |  |  | — |  |  | 11 |  |  | 7 |  |  | 2,752 |  |  | 2,770 |
Leases & equipment finance | 15 |  |  | 17 |  |  | 5 |  |  | 37 |  |  | 21 |  |  | 1,603 |  |  | 1,661 |
Residential |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage (1) | — |  |  | 18 |  |  | 61 |  |  | 79 |  |  | — |  |  | 5,854 |  |  | 5,933 |
Home equity loans & lines | 6 |  |  | 5 |  |  | 7 |  |  | 18 |  |  | — |  |  | 2,014 |  |  | 2,032 |
Consumer & other | 1 |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | 179 |  |  | 180 |
Total, net of deferred fees and costs | $ | 58 |  |  | $ | 47 |  |  | $ | 73 |  |  | $ | 178 |  |  | $ | 96 |  |  | $ | 37,407 |  |  | $ | 37,681 |
(1) Includes government guaranteed mortgage loans the Bank has the right but not the obligation to repurchase that are past due 90 days or more, totaling $2 million at December 31, 2024. (2) Includes government guaranteed portion of $32 million and $41 million for 90 days or more and non-accrual loans, respectively. Collateral-Dependent Loans and Leases Loans and leases are classified as collateral-dependent when the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. The following tables summarize the amortized cost basis of the collateral-dependent loans and leases by the type of collateral securing the assets as of the periods indicated:
|  | September 30, 2025
(in millions) |  | Residential Real Estate |  | Commercial Real Estate |  | General Business Assets |  |  |  | Total
Commercial real estate |  |  |  |  |  |  |  |  |  |
Non-owner occupied term |  | $ | — |  |  | $ | 35 |  |  | $ | — |  |  |  |  | $ | 35 |
Owner occupied term |  | — |  |  | 11 |  |  | — |  |  |  |  | 11 |
Commercial |  |  |  |  |  |  |  |  |  |
Term |  | — |  |  | 1 |  |  | 17 |  |  |  |  | 18 |
Lines of credit & other |  | — |  |  | 2 |  |  | 20 |  |  |  |  | 22 |
Leases & equipment finance |  | — |  |  | — |  |  | 17 |  |  |  |  | 17 |
Residential |  |  |  |  |  |  |  |  |  |
Mortgage |  | 66 |  |  | — |  |  | — |  |  |  |  | 66 |
Home equity loans & lines |  | 2 |  |  | — |  |  | — |  |  |  |  | 2 |
Total, net of deferred fees and costs |  | $ | 68 |  |  | $ | 49 |  |  | $ | 54 |  |  |  |  | $ | 171 |
|  | December 31, 2024
(in millions) |  | Residential Real Estate |  | Commercial Real Estate |  | General Business Assets |  |  |  | Total
Commercial real estate |  |  |  |  |  |  |  |  |  |
Non-owner occupied term |  | $ | — |  |  | $ | 13 |  |  | $ | — |  |  |  |  | $ | 13 |
Owner occupied term |  | — |  |  | 20 |  |  | — |  |  |  |  | 20 |
Commercial |  |  |  |  |  |  |  |  |  |
Term |  | 2 |  |  | 3 |  |  | 16 |  |  |  |  | 21 |
Lines of credit & other |  | — |  |  | 2 |  |  | 4 |  |  |  |  | 6 |
Leases & equipment finance |  | — |  |  | — |  |  | 21 |  |  |  |  | 21 |
Residential |  |  |  |  |  |  |  |  |  |
Mortgage |  | 79 |  |  | — |  |  | — |  |  |  |  | 79 |
Home equity loans & lines |  | 2 |  |  | — |  |  | — |  |  |  |  | 2 |
Total, net of deferred fees and costs |  | $ | 83 |  |  | $ | 38 |  |  | $ | 41 |  |  |  |  | $ | 162 |
Loan and Lease Modifications Made to Borrowers Experiencing Financial Difficulty The ACL on modified loans or leases is measured using the same credit loss estimation methods used to determine the ACL for all other loans and leases held for investment. These methods incorporate the post-modification loan or lease terms, as well as defaults and charge-offs associated with the modified loans and leases. The following tables present the amortized cost basis of loans and leases that were both experiencing financial difficulty and modified during the three and nine months ended September 30, 2025 and 2024, by class and type of modification. The percentage of the amortized cost basis of loans and leases to borrowers in financial distress that were modified as compared to the amortized cost basis of each class of financing receivable is also presented below.
|  | Three Months Ended September 30, 2025
(in millions) |  |  |  |  | Term Extension |  | Other -Than-Insignificant Payment Delay |  | Combo - Interest Rate Reduction and Term Extension |  |  |  | Combo - Term Extension and Other-than-Insignificant Payment Delay |  |  |  | Total |  | % of Total Class of Financing Receivable
Commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-owner occupied term |  |  |  |  | $ | 4 |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |  |  |  |  | $ | 4 |  |  | 0.05 | %
Owner occupied term |  |  |  |  | 7 |  |  | — |  |  | 1 |  |  |  |  | — |  |  |  |  | 8 |  |  | 0.11 | %
Construction & development |  |  |  |  | 3 |  |  | — |  |  | 15 |  |  |  |  | — |  |  |  |  | 18 |  |  | 0.87 | %
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Term |  |  |  |  | — |  |  | — |  |  | 1 |  |  |  |  | — |  |  |  |  | 1 |  |  | 0.02 | %
Lines of credit & other |  |  |  |  | 4 |  |  | — |  |  | — |  |  |  |  | — |  |  |  |  | 4 |  |  | 0.11 | %
Leases & equipment finance |  |  |  |  | 1 |  |  | — |  |  | — |  |  |  |  | — |  |  |  |  | 1 |  |  | 0.06 | %
Residential |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage |  |  |  |  | — |  |  | 6 |  |  | — |  |  |  |  | 3 |  |  |  |  | 9 |  |  | 0.16 | %
Total modified loans and leases experiencing financial difficulty |  |  |  |  | $ | 19 |  |  | $ | 6 |  |  | $ | 17 |  |  |  |  | $ | 3 |  |  |  |  | $ | 45 |  |  | 0.09 | %
|  |  |  |  | Nine Months Ended September 30, 2025
(in millions) |  |  |  |  | Term Extension |  | Other -Than-Insignificant Payment Delay |  | Combo - Interest Rate Reduction and Term Extension |  |  |  |  |  | Combo - Term Extension and Other than Insignificant Payment Delay |  |  |  | Total |  | % of Total Class of Financing Receivable
Commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-owner occupied term |  |  |  |  | $ | 4 |  |  | $ | — |  |  | $ | 21 |  |  |  |  |  |  | $ | — |  |  |  |  | $ | 25 |  |  | 0.30 | %
Owner occupied term |  |  |  |  | 9 |  |  | 11 |  |  | 1 |  |  |  |  |  |  | — |  |  |  |  | 21 |  |  | 0.29 | %
Construction & development |  |  |  |  | 3 |  |  | — |  |  | 15 |  |  |  |  |  |  | — |  |  |  |  | 18 |  |  | 0.87 | %
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Term |  |  |  |  | 1 |  |  | 7 |  |  | 11 |  |  |  |  |  |  | — |  |  |  |  | 19 |  |  | 0.29 | %
Lines of credit & other |  |  |  |  | 11 |  |  | 1 |  |  | — |  |  |  |  |  |  | 1 |  |  |  |  | 13 |  |  | 0.36 | %
Leases & equipment finance |  |  |  |  | 3 |  |  | — |  |  | — |  |  |  |  |  |  | — |  |  |  |  | 3 |  |  | 0.19 | %
Residential |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage |  |  |  |  | — |  |  | 18 |  |  | — |  |  |  |  |  |  | 5 |  |  |  |  | 23 |  |  | 0.40 | %
Total modified loans and leases experiencing financial difficulty |  |  |  |  | $ | 31 |  |  | $ | 37 |  |  | $ | 48 |  |  |  |  |  |  | $ | 6 |  |  |  |  | $ | 122 |  |  | 0.25 | %
|  |  |  |  |  | Three Months Ended September 30, 2024
(in millions) |  |  |  |  |  | Term Extension |  | Other -Than-Insignificant Payment Delay |  |  |  |  |  |  |  |  |  | Total |  | % of Total Class of Financing Receivable
Commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction & development |  |  |  |  |  | $ | 2 |  |  | $ | — |  |  |  |  |  |  |  |  |  |  | $ | 2 |  |  | 0.10 | %
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Term |  |  |  |  |  | 2 |  |  | — |  |  |  |  |  |  |  |  |  |  | 2 |  |  | 0.04 | %
Lines of credit & other |  |  |  |  |  | 6 |  |  | — |  |  |  |  |  |  |  |  |  |  | 6 |  |  | 0.23 | %
Leases & equipment finance |  |  |  |  |  | 1 |  |  | — |  |  |  |  |  |  |  |  |  |  | 1 |  |  | 0.06 | %
Residential |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage |  |  |  |  |  | 2 |  |  | 2 |  |  |  |  |  |  |  |  |  |  | 4 |  |  | 0.07 | %
Total modified loans and leases experiencing financial difficulty |  |  |  |  |  | $ | 13 |  |  | $ | 2 |  |  |  |  |  |  |  |  |  |  | $ | 15 |  |  | 0.04 | %
|  | Nine Months Ended September 30, 2024
(in millions) |  | Interest Rate Reduction |  |  |  | Term Extension |  | Other -Than-Insignificant Payment Delay |  |  |  |  |  |  |  |  |  | Total |  | % of Total Class of Financing Receivable
Commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-owner occupied term |  | $ | — |  |  |  |  | $ | — |  |  | $ | 18 |  |  |  |  |  |  |  |  |  |  | $ | 18 |  |  | 0.28 | %
Owner occupied term |  | 4 |  |  |  |  | — |  |  | 1 |  |  |  |  |  |  |  |  |  |  | 5 |  |  | 0.10 | %
Construction & development |  | — |  |  |  |  | 2 |  |  | — |  |  |  |  |  |  |  |  |  |  | 2 |  |  | 0.10 | %
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Term |  | 1 |  |  |  |  | 7 |  |  | 1 |  |  |  |  |  |  |  |  |  |  | 9 |  |  | 0.17 | %
Lines of credit & other |  | — |  |  |  |  | 12 |  |  | — |  |  |  |  |  |  |  |  |  |  | 12 |  |  | 0.45 | %
Leases & equipment finance |  | — |  |  |  |  | 2 |  |  | — |  |  |  |  |  |  |  |  |  |  | 2 |  |  | 0.12 | %
Residential |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage |  | — |  |  |  |  | 4 |  |  | 15 |  |  |  |  |  |  |  |  |  |  | 19 |  |  | 0.32 | %
Total modified loans and leases experiencing financial difficulty |  | $ | 5 |  |  |  |  | $ | 27 |  |  | $ | 35 |  |  |  |  |  |  |  |  |  |  | $ | 67 |  |  | 0.18 | %
The following tables present the financial effect of loan modifications made to borrowers experiencing financial difficulty during the periods presented:
|  | Three Months Ended September 30, 2025
|  | Interest Rate Reduction |  | Term Extension |  | Other-Than-Insignificant Payment Delay
(in millions) |  | Weighted-Average Interest Rate Reduction |  | Weighted-Average Term Extension |  | Deferral Amount
Commercial real estate |  |  |  |  |  |
Non-owner occupied term |  | — |  |  | 9 months |  | — |
Owner occupied term |  | 0.80 | % |  | 3 months |  | — |
Construction & development |  | 8.20 | % |  | 4 months |  | — |
Commercial |  |  |  |  |  |
Term |  | 3.00 | % |  | 2.3 years |  | — |
Lines of credit & other |  | — |  |  | 8 months |  | — |
Leases & equipment finance |  | — |  |  | 1.0 year |  | — |
Residential |  |  |  |  |  |
Mortgage |  | — |  |  | 13.0 years |  | $ | 1 |
|  | Nine Months Ended September 30, 2025
|  | Interest Rate Modification |  | Term Extension |  | Other-Than-Insignificant Payment Delay
(in millions) |  | Weighted-Average Interest Rate Reduction |  | Weighted-Average Term Extension |  | Deferral Amount
Commercial real estate |  |  |  |  |  |
Non-owner occupied term |  | 3.54 | % |  | 1.7 years |  | — |
Owner occupied term |  | 0.80 | % |  | 4 months |  | $ | 1 |
Construction & development |  | 8.20 | % |  | 4 months |  | — |
Commercial |  |  |  |  |  |
Term |  | 3.41 | % |  | 1.9 years |  | $ | 1 |
Lines of credit & other |  | — |  |  | 8 months |  | $ | 3 |
Leases & equipment finance |  | — |  |  | 1.1 years |  | — |
Residential |  |  |  |  |  |
Mortgage |  | — |  |  | 11.9 years |  | $ | 2 |
|  |  | Three Months Ended September 30, 2024
|  |  |  | Term Extension |  |
(in millions) |  |  |  | Weighted-Average Term Extension |  |
Commercial real estate |  |  |  |  |  |
Construction & development |  |  |  | 7 months |  |
Commercial |  |  |  |  |  |
Term |  |  |  | 1.8 years |  |
Lines of credit & other |  |  |  | 7 months |  |
Leases & equipment finance |  |  |  | 1 year |  |
Residential |  |  |  |  |  |
Mortgage |  |  |  | 7.3 years |  |
|  | Nine Months Ended September 30, 2024
|  | Interest Rate Modification |  | Term Extension |  | Other-Than-Insignificant Payment Delay
(in millions) |  | Weighted-Average Interest Rate Reduction |  | Weighted-Average Term Extension |  | Deferral Amount
Commercial real estate |  |  |  |  |  |
Non-owner occupied term, net |  | — |  |  | — |  |  | $ | 4 |
Owner occupied term |  | 3.79 | % |  | — |  |  | — |
Construction & development |  | — |  |  | 7 months |  | — |
Commercial |  |  |  |  |  |
Term |  | 5.00 | % |  | 11 months |  | — |
Lines of credit & other |  | — |  |  | 8 months |  | — |
Leases & equipment finance |  | — |  |  | 11 months |  | — |
Residential |  |  |  |  |  |
Mortgage |  | — |  |  | 7.5 years |  | $ | 1 |
The Company closely monitors the performance of loans and leases to borrowers experiencing financial difficulty that are modified to understand the effectiveness of its modification efforts. Loans and leases are considered to be in payment default at 90 or more days past due. The following tables present the amortized cost basis of modified loans that, within twelve months of the modification date, experienced a subsequent default during the periods presented:
|  |  |  |  | Three Months Ended September 30, 2025
(in millions) |  |  |  |  |  | Term Extension |  | Other-Than-Insignificant Payment Delay |  |  |  |  |  | Combination - Term Extension and Other-than-Insignificant Payment Delay |  |  |  | Total |  |
Residential |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage |  |  |  |  |  | $ | 1 |  |  | $ | 4 |  |  |  |  |  |  | $ | 1 |  |  |  |  | $ | 6 |  |  |
Total loans and leases experiencing financial difficulty with a subsequent default |  |  |  |  |  | $ | 1 |  |  | $ | 4 |  |  |  |  |  |  | $ | 1 |  |  |  |  | $ | 6 |  |  |
|  |  |  |  |  | Nine Months Ended September 30, 2025
(in millions) |  |  |  |  |  | Term Extension |  | Other-Than-Insignificant Payment Delay |  |  |  |  |  | Combo - Term Extension and Other-than-Insignificant Payment Delay |  |  |  |  |  | Total
Commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owner occupied term |  |  |  |  |  | $ | — |  |  | $ | 1 |  |  |  |  |  |  | $ | — |  |  |  |  |  |  | $ | 1 |
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Lines of credit & other |  |  |  |  |  | 1 |  |  | — |  |  |  |  |  |  | 1 |  |  |  |  |  |  | 2 |
Residential |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage |  |  |  |  |  | 1 |  |  | 5 |  |  |  |  |  |  | 1 |  |  |  |  |  |  | 7 |
Total loans and leases experiencing financial difficulty with a subsequent default |  |  |  |  |  | $ | 2 |  |  | $ | 6 |  |  |  |  |  |  | $ | 2 |  |  |  |  |  |  | $ | 10 |
|  |  |  |  |  |  |  | Three Months Ended September 30, 2024
(in millions) |  |  |  |  |  |  |  | Other-Than-Insignificant Payment Delay |  | Combination - Interest Rate Reduction and Term Extension |  |  |  |  |  |  |  | Total
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Lines of credit & other |  |  |  |  |  |  |  | $ | — |  |  | $ | 1 |  |  |  |  |  |  |  |  | $ | 1 |
Residential |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage |  |  |  |  |  |  |  | 4 |  |  | — |  |  |  |  |  |  |  |  | 4 |
Total loans and leases experiencing financial difficulty with a subsequent default |  |  |  |  |  |  |  | $ | 4 |  |  | $ | 1 |  |  |  |  |  |  |  |  | $ | 5 |
|  | Nine Months Ended September 30, 2024
(in millions) |  | Interest Rate Reduction |  |  |  |  |  | Other-Than-Insignificant Payment Delay |  | Combination - Interest Rate Reduction and Term Extension |  |  |  |  |  |  |  | Total
Commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owner occupied term |  | $ | 3 |  |  |  |  |  |  | $ | — |  |  | $ | — |  |  |  |  |  |  |  |  | $ | 3 |
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Lines of credit & other |  | — |  |  |  |  |  |  | — |  |  | 1 |  |  |  |  |  |  |  |  | 1 |
Residential |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage |  | — |  |  |  |  |  |  | 5 |  |  | — |  |  |  |  |  |  |  |  | 5 |
Total loans and leases experiencing financial difficulty with a subsequent default |  | $ | 3 |  |  |  |  |  |  | $ | 5 |  |  | $ | 1 |  |  |  |  |  |  |  |  | $ | 9 |
The following tables present an age analysis of loans and leases as of September 30, 2025 and 2024 that have been modified within the prior twelve months:
|  | September 30, 2025
(in millions) |  | Current |  | Greater than 30 to 59 Days Past Due |  | 60 to 89 Days Past Due |  | 90 Days or Greater Past Due |  | Nonaccrual |  | Total
Commercial real estate |  |  |  |  |  |  |  |  |  |  |  |
Non-owner occupied term |  | $ | 25 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 25 |
Owner occupied term |  | 21 |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | 22 |
Construction & development |  | 18 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 18 |
Commercial |  |  |  |  |  |  |  |  |  |  |  |
Term |  | 14 |  |  | 2 |  |  | 4 |  |  | — |  |  | 9 |  |  | 29 |
Lines of credit & other |  | 8 |  |  | 1 |  |  | — |  |  | — |  |  | 5 |  |  | 14 |
Leases & equipment finance |  | 2 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2 |
Residential |  |  |  |  |  |  |  |  |  |  |  |
Mortgage |  | 24 |  |  | — |  |  | 2 |  |  | 5 |  |  | — |  |  | 31 |
Total loans and leases modified |  | $ | 112 |  |  | $ | 3 |  |  | $ | 6 |  |  | $ | 5 |  |  | $ | 15 |  |  | $ | 141 |
|  | September 30, 2024
(in millions) |  | Current |  | Greater than 30 to 59 Days Past Due |  | 60 to 89 Days Past Due |  | 90 Days or Greater Past Due |  | Nonaccrual |  | Total
Commercial real estate |  |  |  |  |  |  |  |  |  |  |  |
Non-owner occupied term |  | $ | 47 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 47 |
Owner occupied term |  | 2 |  |  | — |  |  | — |  |  | — |  |  | 4 |  |  | 6 |
Construction & development |  | 2 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2 |
Commercial |  |  |  |  |  |  |  |  |  |  |  |
Term |  | 10 |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | 11 |
Lines of credit & other |  | 51 |  |  | — |  |  | — |  |  | — |  |  | 2 |  |  | 53 |
Leases & equipment finance |  | 2 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2 |
Residential |  |  |  |  |  |  |  |  |  |  |  |
Mortgage |  | 22 |  |  | — |  |  | 2 |  |  | 5 |  |  | — |  |  | 29 |
Total loans and leases modified |  | $ | 136 |  |  | $ | — |  |  | $ | 2 |  |  | $ | 5 |  |  | $ | 7 |  |  | $ | 150 |
Credit Quality Indicators Management regularly reviews loans and leases in the portfolio to assess credit quality indicators and to determine appropriate loan classification and grading. The Bank separates its loans and lease portfolios into homogeneous and non-homogeneous categories. Homogeneous loans are rated based on past due status and may enter a higher risk rating scale if modified, requiring six months of timely payments to return to the original scale. Non-homogeneous loans use a dual risk rating approach: the PD scale measures the likelihood of default, and the LGD scale measures potential loss if a default occurs. The product of PD and LGD gives the expected loss, providing a common language of credit risk across different loans. For more information about the Company's credit quality indicators, refer to Note 6 – Allowance for Credit Losses included in the Company's Annual Report on Form 10-K for the year ended December 31, 2024. The following tables present the amortized cost basis of the loans and leases by credit classification and vintage year by loan and lease class of financing receivable, as well as gross charge-offs for the dates presented:
(in millions) |  | Term Loans Amortized Cost Basis by Origination Year |  | Revolving Loans Amortized Cost Basis |  | Revolving to Non-Revolving Loans Amortized Cost |  |  |
| September 30, 2025 |  | 2025 |  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | Prior |  |  |  | Total |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-owner occupied term |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit quality indicator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Pass/Watch |  | $ | 630 |  |  | $ | 285 |  |  | $ | 536 |  |  | $ | 1,734 |  |  | $ | 1,701 |  |  | $ | 3,334 |  |  | $ | 33 |  |  | $ | — |  |  | $ | 8,253 |  |
| Special mention |  | — |  |  | 6 |  |  | — |  |  | 12 |  |  | — |  |  | 43 |  |  | — |  |  | — |  |  | 61 |  |
| Substandard |  | 27 |  |  | — |  |  | 1 |  |  | 22 |  |  | 12 |  |  | 63 |  |  | — |  |  | — |  |  | 125 |  |
| Doubtful |  | — |  |  | — |  |  | — |  |  | 2 |  |  | — |  |  | 1 |  |  | — |  |  | — |  |  | 3 |  |
| Loss |  | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | 1 |  |  | — |  |  | — |  |  | 2 |  |
Total non-owner occupied term |  | $ | 657 |  |  | $ | 291 |  |  | $ | 537 |  |  | $ | 1,770 |  |  | $ | 1,714 |  |  | $ | 3,442 |  |  | $ | 33 |  |  | $ | — |  |  | $ | 8,444 |  |
Current YTD period: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Gross charge-offs |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 3 |  |  | $ | — |  |  | $ | — |  |  | $ | 3 |  |
Owner occupied term |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit quality indicator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Pass/Watch |  | $ | 654 |  |  | $ | 506 |  |  | $ | 519 |  |  | $ | 1,370 |  |  | $ | 1,357 |  |  | $ | 2,513 |  |  | $ | 13 |  |  | $ | 65 |  |  | $ | 6,997 |  |
| Special mention |  | 5 |  |  | 54 |  |  | 2 |  |  | 62 |  |  | 63 |  |  | 57 |  |  | 11 |  |  | — |  |  | 254 |  |
| Substandard |  | 6 |  |  | 6 |  |  | 5 |  |  | 7 |  |  | 21 |  |  | 55 |  |  | — |  |  | 1 |  |  | 101 |  |
| Doubtful |  | — |  |  | 3 |  |  | — |  |  | 3 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 6 |  |
| Loss |  | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | 2 |  |  | — |  |  | — |  |  | 3 |  |
Total owner occupied term |  | $ | 665 |  |  | $ | 569 |  |  | $ | 526 |  |  | $ | 1,442 |  |  | $ | 1,442 |  |  | $ | 2,627 |  |  | $ | 24 |  |  | $ | 66 |  |  | $ | 7,361 |  |
Current YTD period: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Gross charge-offs |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |
Multifamily |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit quality indicator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Pass/Watch |  | $ | 418 |  |  | $ | 338 |  |  | $ | 384 |  |  | $ | 2,795 |  |  | $ | 3,242 |  |  | $ | 3,045 |  |  | $ | 102 |  |  | $ | — |  |  | $ | 10,324 |  |
| Special mention |  | — |  |  | — |  |  | 14 |  |  | 10 |  |  | 2 |  |  | 22 |  |  | — |  |  | — |  |  | 48 |  |
| Substandard |  | — |  |  | — |  |  | — |  |  | 3 |  |  | 2 |  |  | — |  |  | — |  |  | — |  |  | 5 |  |
Total multifamily |  | $ | 418 |  |  | $ | 338 |  |  | $ | 398 |  |  | $ | 2,808 |  |  | $ | 3,246 |  |  | $ | 3,067 |  |  | $ | 102 |  |  | $ | — |  |  | $ | 10,377 |  |
Current YTD period: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Gross charge-offs |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |
Construction & development |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit quality indicator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Pass/Watch |  | $ | 174 |  |  | $ | 494 |  |  | $ | 541 |  |  | $ | 450 |  |  | $ | 97 |  |  | $ | 92 |  |  | $ | 25 |  |  | $ | 2 |  |  | $ | 1,875 |  |
| Special mention |  | 41 |  |  | 20 |  |  | 31 |  |  | 50 |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | 143 |  |
| Substandard |  | 15 |  |  | — |  |  | — |  |  | 38 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 53 |  |
Total construction & development |  | $ | 230 |  |  | $ | 514 |  |  | $ | 572 |  |  | $ | 538 |  |  | $ | 97 |  |  | $ | 92 |  |  | $ | 26 |  |  | $ | 2 |  |  | $ | 2,071 |  |
Current YTD period: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Gross charge-offs |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |
Residential development |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit quality indicator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Pass/Watch |  | $ | 71 |  |  | $ | 73 |  |  | $ | 2 |  |  | $ | 7 |  |  | $ | — |  |  | $ | — |  |  | $ | 202 |  |  | $ | 2 |  |  | $ | 357 |  |
| Special mention |  | — |  |  | — |  |  | — |  |  | 3 |  |  | — |  |  | — |  |  | 7 |  |  | — |  |  | 10 |  |
Total residential development |  | $ | 71 |  |  | $ | 73 |  |  | $ | 2 |  |  | $ | 10 |  |  | $ | — |  |  | $ | — |  |  | $ | 209 |  |  | $ | 2 |  |  | $ | 367 |  |
Current YTD period: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Gross charge-offs |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |
Total commercial real estate |  | $ | 2,041 |  |  | $ | 1,785 |  |  | $ | 2,035 |  |  | $ | 6,568 |  |  | $ | 6,499 |  |  | $ | 9,228 |  |  | $ | 394 |  |  | $ | 70 |  |  | $ | 28,620 |  |
(in millions) |  | Term Loans Amortized Cost Basis by Origination Year |  | Revolving Loans Amortized Cost Basis |  | Revolving to Non-Revolving Loans Amortized Cost |  |  |
| September 30, 2025 |  | 2025 |  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | Prior |  |  |  | Total |
Commercial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Term |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit quality indicator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Pass/Watch |  | $ | 887 |  |  | $ | 1,000 |  |  | $ | 513 |  |  | $ | 937 |  |  | $ | 850 |  |  | $ | 987 |  |  | $ | 1,142 |  |  | $ | 4 |  |  | $ | 6,320 |  |
| Special mention |  | 3 |  |  | 8 |  |  | 53 |  |  | 66 |  |  | 26 |  |  | 13 |  |  | 35 |  |  | — |  |  | 204 |  |
| Substandard |  | 22 |  |  | 7 |  |  | 1 |  |  | 3 |  |  | 7 |  |  | 6 |  |  | 3 |  |  | 1 |  |  | 50 |  |
| Doubtful |  | 1 |  |  | — |  |  | — |  |  | 4 |  |  | — |  |  | 5 |  |  | — |  |  | — |  |  | 10 |  |
| Loss |  | — |  |  | — |  |  | — |  |  | 1 |  |  | 2 |  |  | 3 |  |  | — |  |  | — |  |  | 6 |  |
Total term |  | $ | 913 |  |  | $ | 1,015 |  |  | $ | 567 |  |  | $ | 1,011 |  |  | $ | 885 |  |  | $ | 1,014 |  |  | $ | 1,180 |  |  | $ | 5 |  |  | $ | 6,590 |  |
Current YTD period: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Gross charge-offs |  | $ | — |  |  | $ | — |  |  | $ | 1 |  |  | $ | — |  |  | $ | 1 |  |  | $ | 2 |  |  | $ | — |  |  | $ | — |  |  | $ | 4 |  |
Lines of credit & other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit quality indicator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Pass/Watch |  | $ | 54 |  |  | $ | 89 |  |  | $ | 31 |  |  | $ | 52 |  |  | $ | 16 |  |  | $ | 20 |  |  | $ | 3,056 |  |  | $ | 87 |  |  | $ | 3,405 |  |
| Special mention |  | 1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 111 |  |  | 1 |  |  | 113 |  |
| Substandard |  | 4 |  |  | 17 |  |  | — |  |  | 1 |  |  | — |  |  | — |  |  | 25 |  |  | 16 |  |  | 63 |  |
| Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | 1 |  |
Total lines of credit & other |  | $ | 59 |  |  | $ | 106 |  |  | $ | 31 |  |  | $ | 53 |  |  | $ | 16 |  |  | $ | 20 |  |  | $ | 3,193 |  |  | $ | 104 |  |  | $ | 3,582 |  |
Current YTD period: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Gross charge-offs |  | $ | — |  |  | $ | 15 |  |  | $ | — |  |  | $ | 1 |  |  | $ | — |  |  | $ | 1 |  |  | $ | 7 |  |  | $ | 4 |  |  | $ | 28 |  |
Leases & equipment finance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit quality indicator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Pass/Watch |  | $ | 458 |  |  | $ | 462 |  |  | $ | 316 |  |  | $ | 189 |  |  | $ | 50 |  |  | $ | 38 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,513 |  |
| Special mention |  | 2 |  |  | 5 |  |  | 5 |  |  | 3 |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | 16 |  |
| Substandard |  | 4 |  |  | 6 |  |  | 35 |  |  | 9 |  |  | 2 |  |  | — |  |  | — |  |  | — |  |  | 56 |  |
| Doubtful |  | 1 |  |  | 7 |  |  | 9 |  |  | 8 |  |  | 3 |  |  | — |  |  | — |  |  | — |  |  | 28 |  |
| Loss |  | — |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |
Total leases & equipment finance |  | $ | 465 |  |  | $ | 481 |  |  | $ | 365 |  |  | $ | 209 |  |  | $ | 56 |  |  | $ | 38 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,614 |  |
Current YTD period: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Gross charge-offs |  | $ | — |  |  | $ | 11 |  |  | $ | 18 |  |  | $ | 18 |  |  | $ | 6 |  |  | $ | 3 |  |  | $ | — |  |  | $ | — |  |  | $ | 56 |  |
Total commercial |  | $ | 1,437 |  |  | $ | 1,602 |  |  | $ | 963 |  |  | $ | 1,273 |  |  | $ | 957 |  |  | $ | 1,072 |  |  | $ | 4,373 |  |  | $ | 109 |  |  | $ | 11,786 |  |
Residential: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit quality indicator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Pass/Watch |  | $ | 187 |  |  | $ | 274 |  |  | $ | 186 |  |  | $ | 1,670 |  |  | $ | 1,866 |  |  | $ | 1,464 |  |  | $ | — |  |  | $ | — |  |  | $ | 5,647 |  |
| Special mention |  | 2 |  |  | — |  |  | 1 |  |  | 2 |  |  | 2 |  |  | 5 |  |  | — |  |  | — |  |  | 12 |  |
| Substandard |  | 1 |  |  | 2 |  |  | 1 |  |  | 6 |  |  | 7 |  |  | 11 |  |  | — |  |  | — |  |  | 28 |  |
| Loss |  | 2 |  |  | 5 |  |  | 3 |  |  | 5 |  |  | 10 |  |  | 10 |  |  | — |  |  | — |  |  | 35 |  |
Total mortgage |  | $ | 192 |  |  | $ | 281 |  |  | $ | 191 |  |  | $ | 1,683 |  |  | $ | 1,885 |  |  | $ | 1,490 |  |  | $ | — |  |  | $ | — |  |  | $ | 5,722 |  |
Current YTD period: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Gross charge-offs |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |
(in millions) |  | Term Loans Amortized Cost Basis by Origination Year |  | Revolving Loans Amortized Cost Basis |  | Revolving to Non-Revolving Loans Amortized Cost |  |  |
| September 30, 2025 |  | 2025 |  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | Prior |  |  |  | Total |
Home equity loans & lines |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit quality indicator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Pass/Watch |  | $ | 1 |  |  | $ | — |  |  | $ | 3 |  |  | $ | 6 |  |  | $ | 2 |  |  | $ | 49 |  |  | $ | 2,039 |  |  | $ | 32 |  |  | $ | 2,132 |  |
| Special mention |  | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | 2 |  |  | 10 |  |  | 1 |  |  | 14 |  |
| Substandard |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3 |  |  | — |  |  | 3 |  |
| Loss |  | — |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | — |  |  | 2 |  |  | 1 |  |  | 4 |  |
Total home equity loans & lines |  | $ | 1 |  |  | $ | — |  |  | $ | 3 |  |  | $ | 7 |  |  | $ | 3 |  |  | $ | 51 |  |  | $ | 2,054 |  |  | $ | 34 |  |  | $ | 2,153 |  |
Current YTD period: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Gross charge-offs |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1 |  |  | $ | — |  |  | $ | 1 |  |
Total residential |  | $ | 193 |  |  | $ | 281 |  |  | $ | 194 |  |  | $ | 1,690 |  |  | $ | 1,888 |  |  | $ | 1,541 |  |  | $ | 2,054 |  |  | $ | 34 |  |  | $ | 7,875 |  |
Consumer & other: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit quality indicator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Pass/Watch |  | $ | 16 |  |  | $ | 8 |  |  | $ | 11 |  |  | $ | 7 |  |  | $ | 3 |  |  | $ | 7 |  |  | $ | 128 |  |  | $ | — |  |  | $ | 180 |  |
| Special mention |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | 1 |  |
Total consumer & other |  | $ | 16 |  |  | $ | 8 |  |  | $ | 11 |  |  | $ | 7 |  |  | $ | 3 |  |  | $ | 7 |  |  | $ | 129 |  |  | $ | — |  |  | $ | 181 |  |
Current YTD period: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Gross charge-offs |  | $ | 1 |  |  | $ | 1 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1 |  |  | $ | 1 |  |  | $ | — |  |  | $ | 4 |  |
Grand total |  | $ | 3,687 |  |  | $ | 3,676 |  |  | $ | 3,203 |  |  | $ | 9,538 |  |  | $ | 9,347 |  |  | $ | 11,848 |  |  | $ | 6,950 |  |  | $ | 213 |  |  | $ | 48,462 |  |
(in millions) |  | Term Loans Amortized Cost Basis by Origination Year |  | Revolving Loans Amortized Cost Basis |  | Revolving to Non-Revolving Loans Amortized Cost |  |
| December 31, 2024 |  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | Prior |  |  |  | Total
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-owner occupied term |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit quality indicator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Pass/Watch |  | $ | 290 |  |  | $ | 564 |  |  | $ | 1,246 |  |  | $ | 1,132 |  |  | $ | 569 |  |  | $ | 2,289 |  |  | $ | 26 |  |  | $ | 12 |  |  | $ | 6,128 |
| Special mention |  | — |  |  | — |  |  | 9 |  |  | 1 |  |  | — |  |  | 21 |  |  | — |  |  | — |  |  | 31 |
| Substandard |  | 7 |  |  | 31 |  |  | 21 |  |  | — |  |  | — |  |  | 56 |  |  | — |  |  | — |  |  | 115 |
| Doubtful |  | — |  |  | — |  |  | 2 |  |  | 1 |  |  | — |  |  | 1 |  |  | — |  |  | — |  |  | 4 |
Total non-owner occupied term |  | $ | 297 |  |  | $ | 595 |  |  | $ | 1,278 |  |  | $ | 1,134 |  |  | $ | 569 |  |  | $ | 2,367 |  |  | $ | 26 |  |  | $ | 12 |  |  | $ | 6,278 |
Prior Year End period: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Gross charge-offs |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 3 |  |  | $ | — |  |  | $ | — |  |  | $ | 3 |
Owner occupied term |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit quality indicator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Pass/Watch |  | $ | 526 |  |  | $ | 499 |  |  | $ | 1,015 |  |  | $ | 867 |  |  | $ | 398 |  |  | $ | 1,639 |  |  | $ | 79 |  |  | $ | 5 |  |  | $ | 5,028 |
| Special mention |  | — |  |  | 1 |  |  | 23 |  |  | 81 |  |  | 18 |  |  | 39 |  |  | 2 |  |  | — |  |  | 164 |
| Substandard |  | 4 |  |  | 8 |  |  | 8 |  |  | 4 |  |  | 20 |  |  | 25 |  |  | — |  |  | — |  |  | 69 |
| Doubtful |  | 3 |  |  | — |  |  | 3 |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | — |  |  | 7 |
| Loss |  | — |  |  | — |  |  | 1 |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | — |  |  | 2 |
Total owner occupied term |  | $ | 533 |  |  | $ | 508 |  |  | $ | 1,050 |  |  | $ | 952 |  |  | $ | 436 |  |  | $ | 1,705 |  |  | $ | 81 |  |  | $ | 5 |  |  | $ | 5,270 |
Prior Year End period: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Gross charge-offs |  | $ | — |  |  | $ | — |  |  | $ | 1 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1 |
Multifamily |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit quality indicator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Pass/Watch |  | $ | 169 |  |  | $ | 254 |  |  | $ | 1,995 |  |  | $ | 1,634 |  |  | $ | 406 |  |  | $ | 1,224 |  |  | $ | 93 |  |  | $ | — |  |  | $ | 5,775 |
| Special mention |  | — |  |  | — |  |  | 4 |  |  | 7 |  |  | — |  |  | 12 |  |  | — |  |  | — |  |  | 23 |
| Substandard |  | — |  |  | — |  |  | 3 |  |  | 2 |  |  | — |  |  | 1 |  |  | — |  |  | — |  |  | 6 |
Total multifamily |  | $ | 169 |  |  | $ | 254 |  |  | $ | 2,002 |  |  | $ | 1,643 |  |  | $ | 406 |  |  | $ | 1,237 |  |  | $ | 93 |  |  | $ | — |  |  | $ | 5,804 |
Prior Year End period: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Gross charge-offs |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Construction & development |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit quality indicator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Pass/Watch |  | $ | 473 |  |  | $ | 504 |  |  | $ | 747 |  |  | $ | 129 |  |  | $ | 79 |  |  | $ | 19 |  |  | $ | 14 |  |  | $ | — |  |  | $ | 1,965 |
| Special mention |  | 2 |  |  | — |  |  | 1 |  |  | 15 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 18 |
Total construction & development |  | $ | 475 |  |  | $ | 504 |  |  | $ | 748 |  |  | $ | 144 |  |  | $ | 79 |  |  | $ | 19 |  |  | $ | 14 |  |  | $ | — |  |  | $ | 1,983 |
Prior Year End period: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Gross charge-offs |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Residential development |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit quality indicator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Pass/Watch |  | $ | 62 |  |  | $ | 6 |  |  | $ | 5 |  |  | $ | 1 |  |  | $ | — |  |  | $ | 1 |  |  | $ | 154 |  |  | $ | 3 |  |  | $ | 232 |
Total residential development |  | $ | 62 |  |  | $ | 6 |  |  | $ | 5 |  |  | $ | 1 |  |  | $ | — |  |  | $ | 1 |  |  | $ | 154 |  |  | $ | 3 |  |  | $ | 232 |
Prior Year End period: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Gross charge-offs |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Total commercial real estate |  | $ | 1,536 |  |  | $ | 1,867 |  |  | $ | 5,083 |  |  | $ | 3,874 |  |  | $ | 1,490 |  |  | $ | 5,329 |  |  | $ | 368 |  |  | $ | 20 |  |  | $ | 19,567 |
(in millions) |  | Term Loans Amortized Cost Basis by Origination Year |  | Revolving Loans Amortized Cost Basis |  | Revolving to Non-Revolving Loans Amortized Cost |  |
| December 31, 2024 |  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | Prior |  |  |  | Total
Commercial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Term |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit quality indicator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Pass/Watch |  | $ | 827 |  |  | $ | 650 |  |  | $ | 1,047 |  |  | $ | 789 |  |  | $ | 297 |  |  | $ | 619 |  |  | $ | 1,080 |  |  | $ | 21 |  |  | $ | 5,330 |
| Special mention |  | 2 |  |  | 48 |  |  | 26 |  |  | 8 |  |  | — |  |  | 14 |  |  | 37 |  |  | — |  |  | 135 |
| Substandard |  | 25 |  |  | 2 |  |  | 10 |  |  | 5 |  |  | 3 |  |  | 10 |  |  | — |  |  | — |  |  | 55 |
| Doubtful |  | 1 |  |  | 1 |  |  | 4 |  |  | 4 |  |  | 1 |  |  | 2 |  |  | — |  |  | — |  |  | 13 |
| Loss |  | — |  |  | — |  |  | 1 |  |  | 1 |  |  | 1 |  |  | 2 |  |  | — |  |  | — |  |  | 5 |
Total term |  | $ | 855 |  |  | $ | 701 |  |  | $ | 1,088 |  |  | $ | 807 |  |  | $ | 302 |  |  | $ | 647 |  |  | $ | 1,117 |  |  | $ | 21 |  |  | $ | 5,538 |
Prior Year End period: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Gross charge-offs |  | $ | 1 |  |  | $ | 3 |  |  | $ | 2 |  |  | $ | 1 |  |  | $ | 1 |  |  | $ | 1 |  |  | $ | 4 |  |  | $ | — |  |  | $ | 13 |
Lines of credit & other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit quality indicator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Pass/Watch |  | $ | 99 |  |  | $ | 42 |  |  | $ | 55 |  |  | $ | 19 |  |  | $ | 9 |  |  | $ | 10 |  |  | $ | 2,382 |  |  | $ | 16 |  |  | $ | 2,632 |
| Special mention |  | — |  |  | 2 |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | 31 |  |  | 4 |  |  | 38 |
| Substandard |  | 34 |  |  | 2 |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | 54 |  |  | 9 |  |  | 100 |
Total lines of credit & other |  | $ | 133 |  |  | $ | 46 |  |  | $ | 57 |  |  | $ | 19 |  |  | $ | 9 |  |  | $ | 10 |  |  | $ | 2,467 |  |  | $ | 29 |  |  | $ | 2,770 |
Prior Year End period: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Gross charge-offs |  | $ | — |  |  | $ | 1 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1 |  |  | $ | 20 |  |  | $ | 3 |  |  | $ | 25 |
Leases & equipment finance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit quality indicator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Pass/Watch |  | $ | 603 |  |  | $ | 457 |  |  | $ | 296 |  |  | $ | 102 |  |  | $ | 32 |  |  | $ | 46 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,536 |
| Special mention |  | 10 |  |  | 39 |  |  | 9 |  |  | 2 |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | 61 |
| Substandard |  | 5 |  |  | 9 |  |  | 9 |  |  | 3 |  |  | 1 |  |  | 1 |  |  | — |  |  | — |  |  | 28 |
| Doubtful |  | 4 |  |  | 10 |  |  | 14 |  |  | 5 |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | 34 |
| Loss |  | — |  |  | 1 |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2 |
Total leases & equipment finance |  | $ | 622 |  |  | $ | 516 |  |  | $ | 329 |  |  | $ | 112 |  |  | $ | 35 |  |  | $ | 47 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,661 |
Prior Year End period: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Gross charge-offs |  | $ | 2 |  |  | $ | 23 |  |  | $ | 49 |  |  | $ | 19 |  |  | $ | 5 |  |  | $ | 3 |  |  | $ | — |  |  | $ | — |  |  | $ | 101 |
Total commercial |  | $ | 1,610 |  |  | $ | 1,263 |  |  | $ | 1,474 |  |  | $ | 938 |  |  | $ | 346 |  |  | $ | 704 |  |  | $ | 3,584 |  |  | $ | 50 |  |  | $ | 9,969 |
Residential: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit quality indicator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Pass/Watch |  | $ | 236 |  |  | $ | 232 |  |  | $ | 1,777 |  |  | $ | 2,097 |  |  | $ | 473 |  |  | $ | 1,042 |  |  | $ | — |  |  | $ | — |  |  | $ | 5,857 |
| Special mention |  | 2 |  |  | 3 |  |  | 2 |  |  | 3 |  |  | 1 |  |  | 8 |  |  | — |  |  | — |  |  | 19 |
| Substandard |  | 3 |  |  | 5 |  |  | 5 |  |  | 11 |  |  | 2 |  |  | 16 |  |  | — |  |  | — |  |  | 42 |
| Loss |  | 1 |  |  | 2 |  |  | 4 |  |  | 4 |  |  | 1 |  |  | 3 |  |  | — |  |  | — |  |  | 15 |
Total mortgage |  | $ | 242 |  |  | $ | 242 |  |  | $ | 1,788 |  |  | $ | 2,115 |  |  | $ | 477 |  |  | $ | 1,069 |  |  | $ | — |  |  | $ | — |  |  | $ | 5,933 |
Prior Year End period: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Gross charge-offs |  | $ | — |  |  | $ | — |  |  | $ | 1 |  |  | $ | — |  |  | $ | — |  |  | $ | 1 |  |  | $ | — |  |  | $ | — |  |  | $ | 2 |
(in millions) |  | Term Loans Amortized Cost Basis by Origination Year |  | Revolving Loans Amortized Cost Basis |  | Revolving to Non-Revolving Loans Amortized Cost |  |
| December 31, 2024 |  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | Prior |  |  |  | Total
Home equity loans & lines |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit quality indicator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Pass/Watch |  | $ | 1 |  |  | $ | 1 |  |  | $ | 2 |  |  | $ | 1 |  |  | $ | 1 |  |  | $ | 38 |  |  | $ | 1,941 |  |  | $ | 30 |  |  | $ | 2,015 |
| Special mention |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | 8 |  |  | 1 |  |  | 10 |
| Substandard |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | 1 |  |  | 2 |
| Loss |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | 2 |  |  | 2 |  |  | 5 |
Total home equity loans & lines |  | $ | 1 |  |  | $ | 1 |  |  | $ | 2 |  |  | $ | 1 |  |  | $ | 1 |  |  | $ | 40 |  |  | $ | 1,952 |  |  | $ | 34 |  |  | $ | 2,032 |
Prior Year End period: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Gross charge-offs |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Total residential |  | $ | 243 |  |  | $ | 243 |  |  | $ | 1,790 |  |  | $ | 2,116 |  |  | $ | 478 |  |  | $ | 1,109 |  |  | $ | 1,952 |  |  | $ | 34 |  |  | $ | 7,965 |
Consumer & other: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit quality indicator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Pass/Watch |  | $ | 22 |  |  | $ | 16 |  |  | $ | 10 |  |  | $ | 5 |  |  | $ | 3 |  |  | $ | 5 |  |  | $ | 117 |  |  | $ | 1 |  |  | $ | 179 |
| Special mention |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | 1 |
Total consumer & other |  | $ | 22 |  |  | $ | 16 |  |  | $ | 10 |  |  | $ | 5 |  |  | $ | 3 |  |  | $ | 5 |  |  | $ | 118 |  |  | $ | 1 |  |  | $ | 180 |
Prior Year End period: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Gross charge-offs |  | $ | — |  |  | $ | 3 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2 |  |  | $ | 1 |  |  | $ | 6 |
Grand total |  | $ | 3,411 |  |  | $ | 3,389 |  |  | $ | 8,357 |  |  | $ | 6,933 |  |  | $ | 2,317 |  |  | $ | 7,147 |  |  | $ | 6,022 |  |  | $ | 105 |  |  | $ | 37,681 |

X
- Definition The entire disclosure for allowance for credit losses. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -Publisher FASB -URI https://asc.fasb.org/310/tableOfContent + Details
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Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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