XML 53 R30.htm IDEA: XBRL DOCUMENT

Loans, Leases, and Allowance for Credit Losses (Tables)

3 Months Ended

Mar. 31, 2024

Summary of Major Portfolio Segment and Specific Loan Class

Loans and leases are summarized as follows according to major portfolio segment and specific loan class:


(In millions)	March 31, 2024		December 31, 2023

Loans held for sale	$	12	$	53
Commercial:
Commercial and industrial	$	16,519	$	16,684
Leasing	388		383
Owner-occupied	9,295		9,219
Municipal	4,277		4,302
Total commercial	30,479		30,588
Commercial real estate:
Construction and land development	2,686		2,669
Term	10,892		10,702
Total commercial real estate	13,578		13,371
Consumer:
Home equity credit line	3,382		3,356
1-4 family residential	8,778		8,415
Construction and other consumer real estate	1,321		1,442
Bankcard and other revolving plans	439		474
Other	132		133
Total consumer	14,052		13,820

Total loans and leases	$	58,109	$	57,779

Loans Held For Sale

The following schedule presents loans added to, or sold from, the held for sale category during the periods presented:


	Three Months Ended March 31,
(In millions)	2024		2023

Loans added to held for sale	$	129	$	86
Loans sold from held for sale	170		89

Summary of Changes in the Allowance for Credit Losses

Changes in the ACL are summarized as follows:


	Three Months Ended March 31, 2024
(In millions)	Commercial		Commercial real estate		Consumer		Total
Allowance for loan losses


Balance at beginning of period	$	302	$	241	$	141	$	684
Provision for loan losses	(2)		57		(34)		21
Gross loan and lease charge-offs	10		—		4		14
Recoveries	6		1		1		8
Net loan and lease charge-offs (recoveries)	4		(1)		3		6
Balance at end of period	$	296	$	299	$	104	$	699
Reserve for unfunded lending commitments
Balance at beginning of period	$	19	$	17	$	9	$	45
Provision for unfunded lending commitments	—		(7)		(1)		(8)
Balance at end of period	$	19	$	10	$	8	$	37
Total allowance for credit losses at end of period
Allowance for loan losses	$	296	$	299	$	104	$	699
Reserve for unfunded lending commitments	19		10		8		37
Total allowance for credit losses	$	315	$	309	$	112	$	736


	Three Months Ended March 31, 2023
(In millions)	Commercial		Commercial real estate		Consumer		Total
Allowance for loan losses
Balance at beginning of period	$	300	$	152	$	120	$	572
Provision for loan losses	10		8		28		46
Gross loan and lease charge-offs	3		—		4		7
Recoveries	6		—		1		7
Net loan and lease charge-offs (recoveries)	(3)		—		3		—
Balance at end of period	$	313	$	160	$	145	$	618
Reserve for unfunded lending commitments


Balance at beginning of period	$	16	$	33	$	12	$	61
Provision for unfunded lending commitments	3		(5)		1		(1)
Balance at end of period	$	19	$	28	$	13	$	60
Total allowance for credit losses at end of period
Allowance for loan losses	$	313	$	160	$	145	$	618
Reserve for unfunded lending commitments	19		28		13		60
Total allowance for credit losses	$	332	$	188	$	158	$	678

Summary of Nonaccrual Loans

The amortized cost basis of nonaccrual loans is summarized as follows:


	March 31, 2024
	Amortized cost basis				Total amortized cost basis
(In millions)	with no allowance		with allowance				Related allowance


Commercial:
Commercial and industrial	$	7	$	103	$	110	$	25
Leasing	—		2		2		1
Owner-occupied	13		7		20		1

Total commercial	20		112		132		27
Commercial real estate:
Construction and land development	—		1		1		—
Term	34		8		42		1
Total commercial real estate	34		9		43		1
Consumer:
Home equity credit line	4		23		27		4
1-4 family residential	8		36		44		6

Bankcard and other revolving plans	—		1		1		1
Other	—		1		1		—
Total consumer loans	12		61		73		11
Total	$	66	$	182	$	248	$	39


	December 31, 2023
	Amortized cost basis				Total amortized cost basis
(In millions)	with no allowance		with allowance				Related allowance



Commercial:
Commercial and industrial	$	11	$	71	$	82	$	30
Leasing	—		2		2		1
Owner-occupied	12		8		20		1

Total commercial	23		81		104		32
Commercial real estate:
Construction and land development	22		—		22		—
Term	37		2		39		1
Total commercial real estate	59		2		61		1
Consumer:
Home equity credit line	1		16		17		5
1-4 family residential	8		32		40		5



Total consumer loans	9		48		57		10
Total	$	91	$	131	$	222	$	43

The amount of accrued interest receivables reversed from interest income during the periods presented is summarized by loan portfolio segment as follows:


	Three Months Ended March 31,
(In millions)	2024		2023

Commercial	$	3	$	2
Commercial real estate	1		1
Consumer	1		—
Total	$	5	$	3

Summary of Past Due Loans (Accruing and Nonaccruing)

Past due loans (accruing and nonaccruing) are summarized as follows:


	March 31, 2024
(In millions)	Current		30-89 days past due		90+ days past due		Total past due		Total loans		Accruing loans 90+ days past due		Nonaccrual loans that are current 1

Commercial:
Commercial and industrial	$	16,480	$	17	$	22	$	39	$	16,519	$	2	$	87
Leasing	386		2		—		2		388		—		—
Owner-occupied	9,288		5		2		7		9,295		—		18
Municipal	4,276		1		—		1		4,277		—		—
Total commercial	30,430		25		24		49		30,479		2		105
Commercial real estate:
Construction and land development	2,682		3		1		4		2,686		—		—
Term	10,818		44		30		74		10,892		—		3
Total commercial real estate	13,500		47		31		78		13,578		—		3
Consumer:
Home equity credit line	3,361		11		10		21		3,382		—		14
1-4 family residential	8,740		15		23		38		8,778		—		16
Construction and other consumer real estate	1,321		—		—		—		1,321		—		—
Bankcard and other revolving plans	436		2		1		3		439		1		—
Other	131		1		—		1		132		—		1
Total consumer loans	13,989		29		34		63		14,052		1		31
Total	$	57,919	$	101	$	89	$	190	$	58,109	$	3	$	139


	December 31, 2023
(In millions)	Current		30-89 days past due		90+ days past due		Total past due		Total loans		Accruing loans 90+ days past due		Nonaccrual loans that are current 1

Commercial:
Commercial and industrial	$	16,631	$	38	$	15	$	53	$	16,684	$	1	$	65
Leasing	381		2		—		2		383		—		—
Owner-occupied	9,206		11		2		13		9,219		1		18
Municipal	4,301		1		—		1		4,302		—		—
Total commercial	30,519		52		17		69		30,588		2		83
Commercial real estate:
Construction and land development	2,645		2		22		24		2,669		—		—
Term	10,661		14		27		41		10,702		—		3
Total commercial real estate	13,306		16		49		65		13,371		—		3
Consumer:
Home equity credit line	3,334		17		5		22		3,356		—		9
1-4 family residential	8,375		17		23		40		8,415		—		13
Construction and other consumer real estate	1,442		—		—		—		1,442		—		—
Bankcard and other revolving plans	468		5		1		6		474		1		—
Other	132		1		—		1		133		—		—
Total consumer loans	13,751		40		29		69		13,820		1		22
Total	$	57,576	$	108	$	95	$	203	$	57,779	$	3	$	108

1 Represents nonaccrual loans that are not past due more than 30 days; however, full payment of principal and interest is not expected.

Summary of Outstanding Loan Balances (Accruing and Nonaccruing) Categorized by Credit Quality Indicators

The following schedule presents the amortized cost basis of loans and leases categorized by year of origination and by credit quality classification as monitored by management. The schedule also summarizes the current period gross charge-offs by year of origination.


	March 31, 2024
	Term loans												Revolving loans amortized cost basis		Revolving loans converted to term loans amortized cost basis
	Amortized cost basis by year of origination
(In millions)	2024		2023		2022		2021		2020		Prior						Total
Commercial:
Commercial and industrial
Pass	$	361	$	2,617	$	2,200	$	1,133	$	568	$	968	$	7,978	$	166	$	15,991
Special Mention	—		7		90		20		3		4		72		2		198
Accruing Substandard	19		30		9		13		5		40		100		4		220
Nonaccrual	—		4		32		1		2		47		18		6		110
Total commercial and industrial	380		2,658		2,331		1,167		578		1,059		8,168		178		16,519
Gross charge-offs	—		1		3		1		—		—		4		1		10
Leasing
Pass	39		94		116		42		26		57		—		—		374
Special Mention	—		2		8		1		1		—		—		—		12
Accruing Substandard	—		—		—		—		—		—		—		—		—
Nonaccrual	—		—		2		—		—		—		—		—		2
Total leasing	39		96		126		43		27		57		—		—		388
Gross charge-offs	—		—		—		—		—		—		—		—		—
Owner-occupied
Pass	248		1,126		1,852		1,979		975		2,524		209		50		8,963
Special Mention	—		5		9		21		14		25		15		5		94
Accruing Substandard	6		10		31		28		20		115		8		—		218
Nonaccrual	—		—		1		1		7		11		—		—		20
Total owner-occupied	254		1,141		1,893		2,029		1,016		2,675		232		55		9,295
Gross charge-offs	—		—		—		—		—		—		—		—		—
Municipal
Pass	121		598		1,056		1,014		599		855		2		3		4,248
Special Mention	—		—		—		—		—		—		—		—		—
Accruing Substandard	—		15		—		6		3		5		—		—		29
Nonaccrual	—		—		—		—		—		—		—		—		—
Total municipal	121		613		1,056		1,020		602		860		2		3		4,277
Gross charge-offs	—		—		—		—		—		—		—		—		—
Total commercial	794		4,508		5,406		4,259		2,223		4,651		8,402		236		30,479
Total commercial gross charge-offs	—		1		3		1		—		—		4		1		10
Commercial real estate:
Construction and land development
Pass	95		613		933		273		35		12		501		124		2,586
Special Mention	—		—		8		70		—		—		—		—		78
Accruing Substandard	—		19		1		—		1		—		—		—		21
Nonaccrual	—		—		—		—		—		—		1		—		1
Total construction and land development	95		632		942		343		36		12		502		124		2,686
Gross charge-offs	—		—		—		—		—		—		—		—		—
Term
Pass	431		1,735		2,375		1,680		1,286		2,136		286		109		10,038
Special Mention	95		74		183		103		109		4		—		10		578
Accruing Substandard	41		69		30		12		17		30		—		35		234
Nonaccrual	—		4		26		—		—		12		—		—		42
Total term	567		1,882		2,614		1,795		1,412		2,182		286		154		10,892
Gross charge-offs	—		—		—		—		—		—		—		—		—
Total commercial real estate	662		2,514		3,556		2,138		1,448		2,194		788		278		13,578
Total commercial real estate gross charge-offs	—		—		—		—		—		—		—		—		—


	March 31, 2024
	Term loans												Revolving loans amortized cost basis		Revolving loans converted to term loans amortized cost basis
	Amortized cost basis by year of origination
(In millions)	2024		2023		2022		2021		2020		Prior						Total














Consumer:
Home equity credit line
Pass	—		—		—		—		—		—		3,256		95		3,351
Special Mention	—		—		—		—		—		—		—		—		—
Accruing Substandard	—		—		—		—		—		—		4		—		4
Nonaccrual	—		—		—		—		—		—		21		6		27
Total home equity credit line	—		—		—		—		—		—		3,281		101		3,382
Gross charge-offs	—		—		—		—		—		—		—		—		—
1-4 family residential
Pass	196		819		2,448		1,890		976		2,405		—		—		8,734
Special Mention	—		—		—		—		—		—		—		—		—
Accruing Substandard	—		—		—		—		—		—		—		—		—
Nonaccrual	—		1		4		5		2		32		—		—		44
Total 1-4 family residential	196		820		2,452		1,895		978		2,437		—		—		8,778
Gross charge-offs	—		—		—		—		—		1		—		—		1
Construction and other consumer real estate
Pass	12		272		907		110		10		10		—		—		1,321
Special Mention	—		—		—		—		—		—		—		—		—
Accruing Substandard	—		—		—		—		—		—		—		—		—
Nonaccrual	—		—		—		—		—		—		—		—		—
Total construction and other consumer real estate	12		272		907		110		10		10		—		—		1,321
Gross charge-offs	—		—		—		—		—		—		—		—		—
Bankcard and other revolving plans
Pass	—		—		—		—		—		—		435		1		436
Special Mention	—		—		—		—		—		—		—		—		—
Accruing Substandard	—		—		—		—		—		—		2		—		2
Nonaccrual	—		—		—		—		—		—		1		—		1
Total bankcard and other revolving plans	—		—		—		—		—		—		438		1		439
Gross charge-offs	—		—		—		—		—		—		2		—		2
Other consumer
Pass	22		51		33		16		5		4		—		—		131
Special Mention	—		—		—		—		—		—		—		—		—
Accruing Substandard	—		—		—		—		—		—		—		—		—
Nonaccrual	—		1		—		—		—		—		—		—		1
Total other consumer	22		52		33		16		5		4		—		—		132
Gross charge-offs	—		—		—		—		—		1		—		—		1
Total consumer	230		1,144		3,392		2,021		993		2,451		3,719		102		14,052
Total consumer gross charge-offs	—		—		—		—		—		2		2		—		4
Total loans	$	1,686	$	8,166	$	12,354	$	8,418	$	4,664	$	9,296	$	12,909	$	616	$	58,109
Total gross charge-offs	$	—	$	1	$	3	$	1	$	—	$	2	$	6	$	1	$	14


	December 31, 2023
	Term loans												Revolving loans amortized cost basis		Revolving loans converted to term loans amortized cost basis
	Amortized cost basis by year of origination
(In millions)	2023		2022		2021		2020		2018		Prior						Total
Commercial:
Commercial and industrial
Pass	$	2,654	$	2,420	$	1,204	$	639	$	494	$	598	$	7,973	$	151	$	16,133
Special Mention	8		98		34		2		20		37		103		—		302
Accruing Substandard	11		18		7		2		19		8		99		3		167
Nonaccrual	5		36		1		2		11		1		21		5		82
Total commercial and industrial	2,678		2,572		1,246		645		544		644		8,196		159		16,684
Gross charge-offs	1		10		6		—		—		2		24		2		45
Leasing
Pass	104		125		47		29		45		18		—		—		368
Special Mention	2		9		1		1		—		—		—		—		13
Accruing Substandard	—		—		—		—		—		—		—		—		—
Nonaccrual	—		2		—		—		—		—		—		—		2
Total leasing	106		136		48		30		45		18		—		—		383
Gross charge-offs	—		—		—		—		—		—		—		—		—
Owner-occupied
Pass	1,080		1,945		2,020		1,002		721		1,907		212		52		8,939
Special Mention	2		5		17		5		17		15		—		—		61
Accruing Substandard	10		31		29		21		16		90		2		—		199
Nonaccrual	—		1		1		7		3		8		—		—		20
Total owner-occupied	1,092		1,982		2,067		1,035		757		2,020		214		52		9,219
Gross charge-offs	—		—		—		—		—		—		—		—		—
Municipal
Pass	601		1,080		1,069		623		382		512		—		3		4,270
Special Mention	7		—		—		—		—		6		—		—		13
Accruing Substandard	8		—		6		3		1		1		—		—		19
Nonaccrual	—		—		—		—		—		—		—		—		—
Total municipal	616		1,080		1,075		626		383		519		—		3		4,302
Gross charge-offs	—		—		—		—		—		—		—		—		—
Total commercial	4,492		5,770		4,436		2,336		1,729		3,201		8,410		214		30,588
Total commercial gross charge-offs	1		10		6		—		—		2		24		2		45
Commercial real estate:
Construction and land development
Pass	553		938		355		56		7		4		518		127		2,558
Special Mention	—		—		29		30		—		—		—		—		59
Accruing Substandard	23		2		—		5		—		—		—		—		30
Nonaccrual	—		—		—		—		21		—		1		—		22
Total construction and land development	576		940		384		91		28		4		519		127		2,669
Gross charge-offs	—		—		—		—		1		—		—		—		1
Term
Pass	1,861		2,385		1,833		1,449		804		1,438		238		110		10,118
Special Mention	55		108		65		78		44		6		—		—		356
Accruing Substandard	79		18		12		16		5		24		—		35		189
Nonaccrual	—		26		—		—		3		10		—		—		39
Total term	1,995		2,537		1,910		1,543		856		1,478		238		145		10,702
Gross charge-offs	—		2		—		—		—		—		—		—		2
Total commercial real estate	2,571		3,477		2,294		1,634		884		1,482		757		272		13,371
Total commercial real estate gross charge-offs	—		2		—		—		1		—		—		—		3


	December 31, 2023
	Term loans												Revolving loans amortized cost basis		Revolving loans converted to term loans amortized cost basis
	Amortized cost basis by year of origination
(In millions)	2023		2022		2021		2020		2018		Prior						Total














Consumer:
Home equity credit line
Pass	—		—		—		—		—		—		3,237		97		3,334
Special Mention	—		—		—		—		—		—		—		—		—
Accruing Substandard	—		—		—		—		—		—		4		1		5
Nonaccrual	—		—		—		—		—		—		15		2		17
Total home equity credit line	—		—		—		—		—		—		3,256		100		3,356
Gross charge-offs	—		—		—		—		—		—		3		—		3
1-4 family residential
Pass	814		2,264		1,823		988		594		1,891		—		—		8,374
Special Mention	—		—		—		—		—		—		—		—		—
Accruing Substandard	—		—		—		—		—		1		—		—		1
Nonaccrual	—		3		3		3		4		27		—		—		40
Total 1-4 family residential	814		2,267		1,826		991		598		1,919		—		—		8,415
Gross charge-offs	—		—		—		—		—		2		—		—		2
Construction and other consumer real estate
Pass	212		1,002		200		15		7		6		—		—		1,442
Special Mention	—		—		—		—		—		—		—		—		—
Accruing Substandard	—		—		—		—		—		—		—		—		—
Nonaccrual	—		—		—		—		—		—		—		—		—
Total construction and other consumer real estate	212		1,002		200		15		7		6		—		—		1,442
Gross charge-offs	—		—		—		—		—		—		—		—		—
Bankcard and other revolving plans
Pass	—		—		—		—		—		—		471		1		472
Special Mention	—		—		—		—		—		—		—		—		—
Accruing Substandard	—		—		—		—		—		—		2		—		2
Nonaccrual	—		—		—		—		—		—		—		—		—
Total bankcard and other revolving plans	—		—		—		—		—		—		473		1		474
Gross charge-offs	—		—		—		—		—		—		9		—		9
Other consumer
Pass	66		37		18		6		4		2		—		—		133
Special Mention	—		—		—		—		—		—		—		—		—
Accruing Substandard	—		—		—		—		—		—		—		—		—
Nonaccrual	—		—		—		—		—		—		—		—		—
Total other consumer	66		37		18		6		4		2		—		—		133
Gross charge-offs	—		—		—		—		—		—		—		—		—
Total consumer	1,092		3,306		2,044		1,012		609		1,927		3,729		101		13,820
Total consumer gross charge-offs	—		—		—		—		—		2		12		—		14
Total loans	$	8,155	$	12,553	$	8,774	$	4,982	$	3,222	$	6,610	$	12,896	$	587	$	57,779
Total gross charge-offs	$	1	$	12	$	6	$	—	$	1	$	4	$	36	$	2	$	62

Summary of TDRs (Accruing and Nonaccruing) Categorized by Loan Class and Modification Type

The amortized cost of loans to borrowers experiencing financial difficulty that were modified during the period, by loan class and modification type, is summarized in the following schedule:


	Three Months Ended March 31, 2024
	Amortized cost associated with the following modification types:
(Dollar amounts in millions)	Interest rate reduction		Maturity or term extension		Principal forgiveness		Payment deferral		Multiple modification types 1		Total 2		Percentage of total loans 3
Commercial:
Commercial and industrial	$	—	$	26	$	—	$	—	$	4	$	30	0.2	%
Owner-occupied	—		3		—		—		—		3		—

Total commercial	—		29		—		—		4		33		0.1
Commercial real estate:
Construction and land development	—		1		—		—		—		1		—
Term	—		83		—		—		—		83		0.8
Total commercial real estate	—		84		—		—		—		84		0.6
Consumer:
Home equity credit line	—		—		—		—		1		1		—
1-4 family residential	—		—		2		—		2		4		—

Bankcard and other revolving plans	—		—		—		—		—		—		—
Other	—		1		—		—		—		1		0.8
Total consumer loans	—		1		2		—		3		6		—
Total	$	—	$	114	$	2	$	—	$	7	$	123	0.2	%


	Three Months Ended March 31, 2023
	Amortized cost associated with the following modification types:
(Dollar amounts in millions)	Interest rate reduction		Maturity or term extension		Principal forgiveness		Payment deferral		Multiple modification types 1		Total 2		Percentage of total loans 3
Commercial:
Commercial and industrial	$	—	$	36	$	—	$	—	$	—	$	36	0.2	%
Owner-occupied	4		6		—		—		—		10		0.1

Total commercial	4		42		—		—		—		46		0.2
Commercial real estate:
Construction and land development	—		—		—		—		—		—		—
Term	—		49		—		—		—		49		0.5
Total commercial real estate	—		49		—		—		—		49		0.4
Consumer:
Home equity credit line	—		—		—		—		—		—		—
1-4 family residential	—		—		—		—		1		1		—

Bankcard and other revolving plans	—		1		—		—		—		1		0.2
Other	—		—		—		—		—		—		—
Total consumer loans	—		1		—		—		1		2		—
Total	$	4	$	92	$	—	$	—	1		$	97	0.2	%

1 Includes modifications that resulted from a combination of interest rate reduction, maturity or term extension, principal forgiveness, and payment deferral modifications.

2 Unfunded lending commitments related to loans modified to borrowers experiencing financial difficulty totaled $3 million and $8 million at March 31, 2024 and March 31, 2023, respectively.

3 Amounts less than 0.05% are rounded to zero.

The financial impact of loan modifications to borrowers experiencing financial difficulty is summarized in the following schedules:


	Three Months Ended March 31, 2024			Three Months Ended March 31, 2023
	Weighted-average interest rate reduction (in percentage points)		Weighted-average term extension (in months)		Weighted-average interest rate reduction (in percentage points)		Weighted-average term extension (in months)
Commercial:
Commercial and industrial	0.1	%	13		—	%	10

Owner-occupied	—		58		4.4		5

Total commercial	0.1		17		4.4		9
Commercial real estate:
Construction and land development	—		14		—		6
Term	—		13		—		9
Total commercial real estate	—		13		—		9
Consumer: 1
Home equity credit line	6.8		38		—		0
1-4 family residential	1.3		76		1.3		110

Bankcard and other revolving plans	—		0		—		65
Other	—		71		—		0
Total consumer loans	4.7		64		1.3		84
Total weighted average financial impact	1.3	%	15		4.0	%	10

1 Primarily relates to a small number of loans within each consumer loan class.

The following schedule presents the aging of loans to borrowers experiencing financial difficulty that were modified on or after April 1, 2023 through March 31, 2024, presented by portfolio segment and loan class:


	March 31, 2024
(In millions)	Current		30-89 days past due		90+ days past due		Total past due		Total amortized cost of loans

Commercial:
Commercial and industrial	$	62	$	—	$	6	$	6	$	68

Owner-occupied	10		—		—		—		10
Municipal	8		—		—		—		8
Total commercial	80		—		6		6		86
Commercial real estate:
Construction and land development	23		1		1		2		25
Term	199		17		4		21		220
Total commercial real estate	222		18		5		23		245
Consumer:
Home equity credit line	2		—		—		—		2
1-4 family residential	2		—		2		2		4

Bankcard and other revolving plans	—		—		—		—		—
Other	1		—		—		—		1
Total consumer loans	5		—		2		2		7
Total	$	307	$	18	$	13	$	31	$	338

The following schedule presents the aging of loans to borrowers experiencing financial difficulty that were modified on or after January 1, 2023, the date we adopted ASU 2022-02, through March 31, 2023, presented by portfolio segment and loan class:


	March 31, 2023
(In millions)	Current		30-89 days past due		90+ days past due		Total past due		Total amortized cost of loans

Commercial:
Commercial and industrial	$	20	$	16	$	—	$	16	$	36

Owner-occupied	10		—		—		—		10
Municipal	—		—		—		—		—
Total commercial	30		16		—		16		46
Commercial real estate:
Construction and land development	—		—		—		—		—
Term	49		—		—		—		49
Total commercial real estate	49		—		—		—		49
Consumer:
Home equity credit line	—		—		—		—		—
1-4 family residential	—		1		—		1		1

Bankcard and other revolving plans	1		—		—		—		1
Other	—		—		—		—		—
Total consumer loans	1		1		—		1		2
Total	$	80	$	17	$	—	$	17	$	97

Summary of Collateral-Dependent Loans

Select information on loans for which the borrower is experiencing financial difficulties and repayment is expected to be provided substantially through the operation or sale of the underlying collateral, including the type of collateral and the extent to which the collateral secures the loans, is summarized as follows:

March 31, 2024

(Dollar amounts in millions)

Amortized cost

Major types of collateral

Weighted average LTV 1

Commercial:

Owner-occupied

Hospital

51%

Commercial real estate:

Construction and land development

Lots / Homes

107%

Term

Office Building

86%

Consumer:

Home equity credit line

Residential

21%

Total

December 31, 2023

(Dollar amounts in millions)

Amortized cost

Major types of collateral

Weighted average LTV 1

Commercial:

Owner-occupied

Hospital

17%

Commercial real estate:

Construction and land development

Office Building

92%

Term

Office Building

87%

Consumer:

Home equity credit line

—

Total

1 The fair value is based on the most recent appraisal or other collateral evaluation.