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

6 Months Ended

Jun. 30, 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)	June 30, 2024		December 31, 2023

Loans held for sale	$	112	$	53
Commercial:
Commercial and industrial	$	16,622	$	16,684
Leasing	390		383
Owner-occupied	9,236		9,219
Municipal	4,263		4,302
Total commercial	30,511		30,588
Commercial real estate:
Construction and land development	2,725		2,669
Term	10,824		10,702
Total commercial real estate	13,549		13,371
Consumer:
Home equity credit line	3,468		3,356
1-4 family residential	9,153		8,415
Construction and other consumer real estate	1,139		1,442
Bankcard and other revolving plans	466		474
Other	129		133
Total consumer	14,355		13,820

Total loans and leases	$	58,415	$	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 June 30,				Six Months Ended June 30,
(In millions)	2024		2023		2024		2023

Loans added to held for sale	$	270	$	220	$	399	$	306
Loans sold from held for sale	171		188		341		277

Summary of Changes in the Allowance for Credit Losses

Changes in the ACL are summarized as follows:


	Three Months Ended June 30, 2024
(In millions)	Commercial		Commercial real estate		Consumer		Total
Allowance for loan losses


Balance at beginning of period	$	296	$	299	$	104	$	699
Provision for loan losses	10		12		(10)		12
Gross loan and lease charge-offs	8		11		2		21
Recoveries	4		—		2		6
Net loan and lease charge-offs (recoveries)	4		11		—		15
Balance at end of period	$	302	$	300	$	94	$	696
Reserve for unfunded lending commitments
Balance at beginning of period	$	19	$	10	$	8	$	37
Provision for unfunded lending commitments	(3)		(3)		(1)		(7)
Balance at end of period	$	16	$	7	$	7	$	30
Total allowance for credit losses at end of period
Allowance for loan losses	$	302	$	300	$	94	$	696
Reserve for unfunded lending commitments	16		7		7		30
Total allowance for credit losses	$	318	$	307	$	101	$	726


	Six Months Ended June 30, 2024
(In millions)	Commercial		Commercial real estate		Consumer		Total
Allowance for loan losses
Balance at December 31, 2023	$	302	$	241	$	141	$	684
Provision for loan losses	8		69		(44)		33
Gross loan and lease charge-offs	18		11		6		35
Recoveries	10		1		3		14
Net loan and lease charge-offs (recoveries)	8		10		3		21
Balance at end of period	$	302	$	300	$	94	$	696
Reserve for unfunded lending commitments
Balance at beginning of period	$	19	$	17	$	9	$	45
Provision for unfunded lending commitments	(3)		(10)		(2)		(15)
Balance at end of period	$	16	$	7	$	7	$	30
Total allowance for credit losses at end of period
Allowance for loan losses	$	302	$	300	$	94	$	696
Reserve for unfunded lending commitments	16		7		7		30
Total allowance for credit losses	$	318	$	307	$	101	$	726


	Three Months Ended June 30, 2023
(In millions)	Commercial		Commercial real estate		Consumer		Total
Allowance for loan losses
Balance at beginning of period	$	313	$	160	$	145	$	618
Provision for loan losses	24		21		1		46
Gross loan and lease charge-offs	20		—		2		22
Recoveries	6		—		3		9
Net loan and lease charge-offs (recoveries)	14		—		(1)		13
Balance at end of period	$	323	$	181	$	147	$	651
Reserve for unfunded lending commitments


Balance at beginning of period	$	19	$	28	$	13	$	60
Provision for unfunded lending commitments	1		1		(2)		—
Balance at end of period	$	20	$	29	$	11	$	60
Total allowance for credit losses at end of period
Allowance for loan losses	$	323	$	181	$	147	$	651
Reserve for unfunded lending commitments	20		29		11		60
Total allowance for credit losses	$	343	$	210	$	158	$	711


	Six Months Ended June 30, 2023
(In millions)	Commercial		Commercial real estate		Consumer		Total
Allowance for loan losses
Balance at December 31, 2022	$	300	$	156	$	119	$	575
Adjustment for change in accounting standard	—		(4)		1		(3)
Balance at beginning of period	$	300	$	152	$	120	$	572
Provision for loan losses	34		29		29		92
Gross loan and lease charge-offs	23		—		6		29
Recoveries	12		—		4		16
Net loan and lease charge-offs (recoveries)	11		—		2		13
Balance at end of period	$	323	$	181	$	147	$	651
Reserve for unfunded lending commitments
Balance at beginning of period	$	16	$	33	$	12	$	61
Provision for unfunded lending commitments	4		(4)		(1)		(1)
Balance at end of period	$	20	$	29	$	11	$	60
Total allowance for credit losses at end of period
Allowance for loan losses	$	323	$	181	$	147	$	651
Reserve for unfunded lending commitments	20		29		11		60
Total allowance for credit losses	$	343	$	210	$	158	$	711

Summary of Nonaccrual Loans

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


	June 30, 2024
	Amortized cost basis				Total amortized cost basis
(In millions)	with no allowance		with allowance				Related allowance


Commercial:
Commercial and industrial	$	23	$	88	$	111	$	38
Leasing	—		2		2		1
Owner-occupied	10		18		28		2
Municipal	3		3		6		—
Total commercial	36		111		147		41
Commercial real estate:
Construction and land development	—		2		2		—
Term	33		2		35		1
Total commercial real estate	33		4		37		1
Consumer:
Home equity credit line	5		24		29		5
1-4 family residential	9		37		46		4

Bankcard and other revolving plans	—		1		1		1
Other	—		1		1		—
Total consumer	14		63		77		10
Total	$	83	$	178	$	261	$	52


	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	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 June 30,				Six Months Ended June 30,
(In millions)	2024		2023		2024		2023

Commercial	$	4	$	3	$	6	$	5
Commercial real estate	1		—		3		—
Consumer	1		1		2		1
Total	$	6	$	4	$	11	$	6

Summary of Past Due Loans (Accruing and Nonaccruing)

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


	June 30, 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	$	16,577	$	30	$	15	$	45	$	16,622	$	4	$	98
Leasing	388		—		2		2		390		—		—
Owner-occupied	9,223		10		3		13		9,236		1		22
Municipal	4,248		15		—		15		4,263		—		6
Total commercial	30,436		55		20		75		30,511		5		126
Commercial real estate:
Construction and land development	2,723		—		2		2		2,725		—		—
Term	10,761		38		25		63		10,824		—		10
Total commercial real estate	13,484		38		27		65		13,549		—		10
Consumer:
Home equity credit line	3,440		18		10		28		3,468		—		13
1-4 family residential	9,112		17		24		41		9,153		—		17
Construction and other consumer real estate	1,139		—		—		—		1,139		—		—
Bankcard and other revolving plans	463		2		1		3		466		1		1
Other	128		1		—		1		129		—		1
Total consumer	14,282		38		35		73		14,355		1		32
Total	$	58,202	$	131	$	82	$	213	$	58,415	$	6	$	168


	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	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 presents the current quarter gross charge-offs by year of origination.


	June 30, 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	$	943	$	2,411	$	1,938	$	1,014	$	524	$	854	$	8,172	$	150	$	16,006
Special Mention	1		14		54		19		3		3		34		2		130
Accruing Substandard	27		57		85		32		3		23		145		3		375
Nonaccrual	—		16		34		1		2		11		42		5		111
Total commercial and industrial	971		2,498		2,111		1,066		532		891		8,393		160		16,622
Gross charge-offs	—		1		1		1		—		3		2		—		8
Leasing
Pass	63		89		110		37		23		51		—		—		373
Special Mention	—		2		8		1		1		—		—		—		12
Accruing Substandard	1		1		—		1		—		—		—		—		3
Nonaccrual	—		—		2		—		—		—		—		—		2
Total leasing	64		92		120		39		24		51		—		—		390
Gross charge-offs	—		—		—		—		—		—		—		—		—
Owner-occupied
Pass	543		1,115		1,770		1,852		956		2,350		213		50		8,849
Special Mention	5		3		16		15		1		24		11		—		75
Accruing Substandard	1		25		55		40		30		124		4		5		284
Nonaccrual	4		—		2		1		—		15		6		—		28
Total owner-occupied	553		1,143		1,843		1,908		987		2,513		234		55		9,236
Gross charge-offs	—		—		—		—		—		—		—		—		—
Municipal
Pass	207		552		1,048		959		592		831		1		48		4,238
Special Mention	—		—		—		—		—		—		—		—		—
Accruing Substandard	—		13		—		6		—		—		—		—		19
Nonaccrual	3		—		—		—		—		3		—		—		6
Total municipal	210		565		1,048		965		592		834		1		48		4,263
Gross charge-offs	—		—		—		—		—		—		—		—		—
Total commercial	1,798		4,298		5,122		3,978		2,135		4,289		8,628		263		30,511
Total commercial gross charge-offs	—		1		1		1		—		3		2		—		8
Commercial real estate:
Construction and land development
Pass	247		660		838		142		36		10		590		57		2,580
Special Mention	—		—		44		74		—		—		—		—		118
Accruing Substandard	1		19		—		5		—		—		—		—		25
Nonaccrual	—		—		—		—		—		—		2		—		2
Total construction and land development	248		679		882		221		36		10		592		57		2,725
Gross charge-offs	—		—		—		—		—		—		—		—		—
Term
Pass	783		1,576		2,276		1,601		1,180		1,973		308		183		9,880
Special Mention	134		19		253		98		81		26		—		—		611
Accruing Substandard	44		65		80		19		17		29		—		44		298
Nonaccrual	—		2		22		—		—		11		—		—		35
Total term	961		1,662		2,631		1,718		1,278		2,039		308		227		10,824
Gross charge-offs	—		7		4		—		—		—		—		—		11
Total commercial real estate	1,209		2,341		3,513		1,939		1,314		2,049		900		284		13,549
Total commercial real estate gross charge-offs	—		7		4		—		—		—		—		—		11


	June 30, 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	—		—		—		—		—		—		3,336		96		3,432
Special Mention	—		—		—		—		—		—		—		—		—
Accruing Substandard	—		—		—		—		—		—		6		1		7
Nonaccrual	—		—		—		—		—		—		23		6		29
Total home equity credit line	—		—		—		—		—		—		3,365		103		3,468
Gross charge-offs	—		—		—		—		—		—		—		—		—
1-4 family residential
Pass	439		820		2,659		1,898		956		2,335		—		—		9,107
Special Mention	—		—		—		—		—		—		—		—		—
Accruing Substandard	—		—		—		—		—		—		—		—		—
Nonaccrual	—		1		7		6		2		30		—		—		46
Total 1-4 family residential	439		821		2,666		1,904		958		2,365		—		—		9,153
Gross charge-offs	—		—		—		—		—		—		—		—		—
Construction and other consumer real estate
Pass	38		280		727		77		9		8		—		—		1,139
Special Mention	—		—		—		—		—		—		—		—		—
Accruing Substandard	—		—		—		—		—		—		—		—		—
Nonaccrual	—		—		—		—		—		—		—		—		—
Total construction and other consumer real estate	38		280		727		77		9		8		—		—		1,139
Gross charge-offs	—		—		—		—		—		—		—		—		—
Bankcard and other revolving plans
Pass	—		—		—		—		—		—		463		1		464
Special Mention	—		—		—		—		—		—		—		—		—
Accruing Substandard	—		—		—		—		—		—		1		—		1
Nonaccrual	—		—		—		—		—		—		—		1		1
Total bankcard and other revolving plans	—		—		—		—		—		—		464		2		466
Gross charge-offs	—		—		—		—		—		—		2		—		2
Other consumer
Pass	36		44		29		12		4		3		—		—		128
Special Mention	—		—		—		—		—		—		—		—		—
Accruing Substandard	—		—		—		—		—		—		—		—		—
Nonaccrual	—		1		—		—		—		—		—		—		1
Total other consumer	36		45		29		12		4		3		—		—		129
Gross charge-offs	—		—		—		—		—		—		—		—		—
Total consumer	513		1,146		3,422		1,993		971		2,376		3,829		105		14,355
Total consumer gross charge-offs	—		—		—		—		—		—		2		—		2
Total loans	$	3,520	$	7,785	$	12,057	$	7,910	$	4,420	$	8,714	$	13,357	$	652	$	58,415
Total gross charge-offs	$	—	$	8	$	5	$	1	$	—	$	3	$	4	$	—	$	21


	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		2019		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		2019		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 June 30, 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	$	—	$	27	$	—	$	—	$	1	$	28	0.2	%
Owner-occupied	—		2		—		—		—		2		—

Total commercial	—		29		—		—		1		30		0.1
Commercial real estate:

Term	—		16		—		—		—		16		0.1
Total commercial real estate	—		16		—		—		—		16		0.1
Consumer:

1-4 family residential	—		—		1		—		—		1		—



Total consumer	—		—		1		—		—		1		—
Total	$	—	$	45	$	1	$	—	$	1	$	47	0.1	%


	Six Months Ended June 30, 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	$	—	$	55	$	—	$	1	$	4	$	60	0.4	%
Owner-occupied	—		2		—		—		2		4		—
Municipal	—		3		—		—		—		3		0.1
Total commercial	—		60		—		1		6		67		0.2
Commercial real estate:
Construction and land development	—		2		—		—		—		2		0.1
Term	—		103		—		—		—		103		1.0
Total commercial real estate	—		105		—		—		—		105		0.8
Consumer:
Home equity credit line	—		—		—		—		1		1		—
1-4 family residential	—		—		2		—		2		4		—



Total consumer	—		—		2		—		3		5		—
Total	$	—	$	165	$	2	$	1	9		$	177	0.3	%


	Three Months Ended June 30, 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	$	1	$	27	$	—	$	—	$	—	$	28	0.2	%
Owner-occupied	—		20		—		—		—		20		0.2

Total commercial	1		47		—		—		—		48		0.2
Commercial real estate:
Construction and land development	—		18		—		—		—		18		0.7
Term	—		34		—		—		—		34		0.3
Total commercial real estate	—		52		—		—		—		52		0.4
Consumer:

1-4 family residential	—		—		1		—		1		2		—

Bankcard and other revolving plans	—		1		—		—		—		1		0.2

Total consumer	—		1		1		—		1		3		—
Total	$	1	$	100	$	1	$	—	$	1	$	103	0.2	%


	Six Months Ended June 30, 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	$	1	$	42	$	—	$	—	$	—	$	43	0.3	%
Owner-occupied	4		22		—		—		—		26		0.3

Total commercial	5		64		—		—		—		69		0.2
Commercial real estate:
Construction and land development	—		18		—		—		—		18		0.7
Term	—		58		—		—		—		58		0.6
Total commercial real estate	—		76		—		—		—		76		0.6
Consumer:

1-4 family residential	—		—		1		—		1		2		—

Bankcard and other revolving plans	—		1		—		—		—		1		0.2

Total consumer	—		1		1		—		1		3		—
Total	$	5	$	141	$	1	$	—	1		$	148	0.3	%

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 $10 million at both June 30, 2024 and June 30, 2023.

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 June 30, 2024			Six Months Ended June 30, 2024
	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	0.6	%	3		0.1	%	8

Owner-occupied	—		1		0.1		4
Municipal	—		0		—		61
Total commercial	0.6		3		0.1		10
Commercial real estate:
Construction and land development	—		5		—		14
Term	—		3		—		11
Total commercial real estate	—		3		—		11
Consumer:
Home equity credit line	—		0		6.8		42
1-4 family residential	—		0		1.3		78


Other	—		0		—		71
Total consumer	—		0		4.8		67
Total weighted average financial impact	0.6	%	3		1.0	%	12


	Three Months Ended June 30, 2023			Six Months Ended June 30, 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	1.0	%	8		1.0	%	9

Owner-occupied	—		7		4.4		7

Total commercial	1.0		8		3.7		8
Commercial real estate:
Construction and land development	—		6		—		6
Term	—		18		—		17
Total commercial real estate	—		14		—		15
Consumer: 1

1-4 family residential	1.3		110		1.3		110

Bankcard and other revolving plans	—		65		—		61

Total consumer	1.3		87		1.3		87
Total weighted average financial impact	1.1	%	12		3.4	%	13

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 July 1, 2023 through June 30, 2024, presented by portfolio segment and loan class:


	June 30, 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	$	83	$	1	$	4	$	5	$	88

Owner-occupied	8		—		—		—		8
Municipal	11		—		—		—		11
Total commercial	102		1		4		5		107
Commercial real estate:
Construction and land development	19		—		2		2		21
Term	156		26		2		28		184
Total commercial real estate	175		26		4		30		205
Consumer:
Home equity credit line	1		—		—		—		1
1-4 family residential	4		—		—		—		4


Other	1		—		—		—		1
Total consumer	6		—		—		—		6
Total	$	283	$	27	$	8	$	35	$	318

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 June 30, 2023, presented by portfolio segment and loan class:


	June 30, 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	$	40	$	3	$	—	$	3	$	43

Owner-occupied	25		—		1		1		26

Total commercial	65		3		1		4		69
Commercial real estate:
Construction and land development	18		—		—		—		18
Term	58		—		—		—		58
Total commercial real estate	76		—		—		—		76
Consumer:

1-4 family residential	2		—		—		—		2

Bankcard and other revolving plans	1		—		—		—		1

Total consumer	3		—		—		—		3
Total	$	144	$	3	$	1	$	4	$	148

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:


	June 30, 2024
(Dollar amounts in millions)	Amortized cost		Major types of collateral	Weighted average LTV 1






Commercial real estate:
Construction and land development	$	2	Lots / Homes	128%
Term	25		Office Building	82%
Total commercial real estate	27
Consumer:
Home equity credit line	7		Single Family Residential	56%
1-4 family residential	3		Single Family Residential	35%
Total consumer	10
Total	$	37


	December 31, 2023
(Dollar amounts in millions)	Amortized cost		Major types of collateral	Weighted average LTV 1
Commercial:


Owner-occupied	$	7	Hospital	17%


Commercial real estate:
Construction and land development	22		Office Building	92%
Term	28		Office Building	87%
Total commercial real estate	50







Total	$	57

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