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Allowance for Credit Losses on Loans and Leases (Tables)
 9 Months Ended
Sep. 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 September 30, 2024(in millions)
Balance, beginning of period$618 $328 $40 $43 $239 $1,268 
Charge-offs(101)(110)(7)(4)(38)(260)
Recoveries365—721
Provision for (recovery of) credit losses on loans and leases1046841148235
Balance, end of period$624 $292 $42 $50 $256 $1,264 
Three Months Ended September 30, 2023
Balance, beginning of period$192 $69 $45 $23 $265 $594 
Charge-offs(2)(13)(1)—(10)(26)
Recoveries————22
Provision for (recovery of) credit losses on loans and leases(6)64(1)8(16)49
Balance, end of period$184 $120 $43 $31 $241 $619 
Nine Months Ended September 30, 2024
Balance, beginning of period$307 $366 $47 $36 $236 $992 
Charge-offs(188)(411)(8)(4)(94)(705)
Recoveries465—2035
Provision for (recovery of) credit losses on loans and leases501331(2)1894942
Balance, end of period$624 $292 $42 $50 $256 $1,264 
Nine Months Ended September 30, 2023
Balance, beginning of period$178 $46 $46 $20 $103 $393 
Adjustment for Purchased PCD Loans————1313
Charge-offs(2)(14)(3)—(16)(35)
Recoveries————1212
Provision for (recovery of) credit losses on loans and leases888—11129236
Balance, end of period$184 $120 $43 $31 $241 $619 
Schedule of Additional Information about Nonaccrual Loans
The following table presents additional information about the Company’s non-accrual loans at September 30, 2024:

(in millions)Recorded InvestmentRelated AllowanceInterest Income Recognized
Non-accrual loans with no related allowance:
Multi-family$837 $— $23 
Commercial real estate722—33
One-to-four family first mortgage94——
Acquisition, development, and construction17—1
Other (includes commercial and industrial)7——
Total non-accrual loans with no related allowance
$1,677 $— $57 
Non-accrual loans with an allowance recorded:
Multi-family$667 $56 $22 
Commercial real estate83244
One-to-four family first mortgage91—
Acquisition, development, and construction1741
Other (includes commercial and industrial)250787
Total non-accrual loans with an allowance recorded
$1,026 $163 $34 
Total non-accrual loans:
Multi-family$1,504 $56 $45 
Commercial real estate8052437
One-to-four family first mortgage1031—
Acquisition, development, and construction3442
Other (includes commercial and industrial)257787
Total non-accrual loans
$2,703 $163 $91 
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