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Allowance for Credit Losses on Loans and Leases (Tables)
 6 Months Ended
Jun. 30, 2024
Credit Loss [Abstract]  
Schedule of Activity in the Allowance for Loan and Lease Losses
The following table summarizes activity in the allowance for credit losses for the periods indicated:

Multi- Family
Commercial Real Estate
One-to-Four Family First Mortgage
Acquisition, Development, and Construction
OtherTotal
Three months ended June 30, 2024(in millions)
Balance, beginning of period$469 $434 $42 $48 $222 $1,215 
Charge-offs(76)(237)(1)—(40)(354)
Recoveries————55
Provision for (recovery of) credit losses on loans and leases225131(1)(5)52402
Balance, end of period$618 $328 $40 $43 $239 $1,268 
Three months ended June 30, 2023
Balance, beginning of period$171 $53 $39 $20 $267 $550 
Charge-offs——(1)—(2)(3)
Recoveries————44
Provision for (recovery of) credit losses on loans and leases211673(4)43
Balance, end of period$192 $69 $45 $23 $265 $594 
Six months ended June 30, 2024
Balance, beginning of period$307 $366 $47 $36 $236 $992 
Charge-offs(87)(301)(1)—(56)(445)
Recoveries1———1314
Provision for (recovery of) credit losses on loans and leases397263(6)746707
Balance, end of period$618 $328 $40 $43 $239 $1,268 
Six months ended June 30, 2023
Balance, beginning of period$178 $46 $46 $20 $103 $393 
Adjustment for Purchased PCD Loans————1313
Charge-offs——(2)—(6)(8)
Recoveries————99
Provision for (recovery of) credit losses on loans and leases142313146187
Balance, end of period$192 $69 $45 $23 $265 $594 
Schedule of Additional Information about Nonaccrual Loans
The following table presents additional information about the Company’s non-accrual loans at June 30, 2024:

(in millions)Recorded InvestmentRelated AllowanceInterest Income Recognized
Non-accrual loans with no related allowance:
Multi-family$757 $— $13 
Commercial real estate618—17
One-to-four family first mortgage88——
Acquisition, development, and construction15—1
Other (includes commercial and industrial)25——
Total non-accrual loans with no related allowance
$1,503 $— $31 
Non-accrual loans with an allowance recorded:
Multi-family$37 $7 $1 
Commercial real estate135355
One-to-four family first mortgage181—
Acquisition, development, and construction31—
Other (includes commercial and industrial)246744
Total non-accrual loans with an allowance recorded
$439 $118 $10 
Total non-accrual loans:
Multi-family$794 $7 $14 
Commercial real estate7533522
One-to-four family first mortgage1061—
Acquisition, development, and construction1811
Other (includes commercial and industrial)271744
Total non-accrual loans
$1,942 $118 $41 
The following table presents additional information about the Company’s non-accrual loans at December 31, 2023:

(in millions)Recorded InvestmentRelated AllowanceInterest Income Recognized
Non-accrual loans with no related allowance:
Multi-family$134 $— $5 
Commercial real estate53—2
One-to-four family first mortgage85——
Other (includes commercial and industrial)22——
Total non-accrual loans with no related allowance
$294 $— $7 
Non-accrual loans with an allowance recorded:
Multi-family$4 $— $— 
Commercial real estate$75 $17 $3 
One-to-four family first mortgage112—
Other (includes commercial and industrial)4428—
Total non-accrual loans with an allowance recorded
$134 $47 $3 
Total non-accrual loans:
Multi-family$138 $— $5 
Commercial real estate128175
One-to-four family first mortgage962—
Other (includes commercial and industrial)6628—
Total non-accrual loans
$428 $47 $10