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LOANS, LEASES, AND ALLOWANCE FOR CREDIT LOSSES (Tables)

9 Months Ended

Sep. 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)	September 30, 2024		December 31, 2023

Loans held for sale	$	97	$	53
Commercial:
Commercial and industrial	$	16,757	$	16,684
Leasing	377		383
Owner-occupied	9,381		9,219
Municipal	4,270		4,302
Total commercial	30,785		30,588
Commercial real estate:
Construction and land development	2,833		2,669
Term	10,650		10,702
Total commercial real estate	13,483		13,371
Consumer:
Home equity credit line	3,543		3,356
1-4 family residential	9,489		8,415
Construction and other consumer real estate	997		1,442
Bankcard and other revolving plans	461		474
Other	126		133
Total consumer	14,616		13,820

Total loans and leases	$	58,884	$	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 September 30,				Nine Months Ended September 30,
(In millions)	2024		2023		2024		2023

Loans added to held for sale	$	289	$	183	$	688	$	489
Loans sold from held for sale	304		204		644		480

Summary of Changes in the Allowance for Credit Losses

Changes in the ACL are summarized as follows:


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


Balance at beginning of period	$	302	$	300	$	94	$	696
Provision for loan losses	7		(13)		7		1
Gross loan and lease charge-offs	12		—		3		15
Recoveries	9		2		1		12
Net loan and lease charge-offs (recoveries)	3		(2)		2		3
Balance at end of period	$	306	$	289	$	99	$	694
Reserve for unfunded lending commitments
Balance at beginning of period	$	16	$	7	$	7	$	30
Provision for unfunded lending commitments	4		5		3		12
Balance at end of period	$	20	$	12	$	10	$	42
Total allowance for credit losses at end of period
Allowance for loan losses	$	306	$	289	$	99	$	694
Reserve for unfunded lending commitments	20		12		10		42
Total allowance for credit losses	$	326	$	301	$	109	$	736


	Nine Months Ended September 30, 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	15		56		(37)		34
Gross loan and lease charge-offs	30		11		9		50
Recoveries	19		3		4		26
Net loan and lease charge-offs (recoveries)	11		8		5		24
Balance at end of period	$	306	$	289	$	99	$	694
Reserve for unfunded lending commitments
Balance at beginning of period	$	19	$	17	$	9	$	45
Provision for unfunded lending commitments	1		(5)		1		(3)
Balance at end of period	$	20	$	12	$	10	$	42
Total allowance for credit losses at end of period
Allowance for loan losses	$	306	$	289	$	99	$	694
Reserve for unfunded lending commitments	20		12		10		42
Total allowance for credit losses	$	326	$	301	$	109	$	736


	Three Months Ended September 30, 2023
(In millions)	Commercial		Commercial real estate		Consumer		Total
Allowance for loan losses
Balance at beginning of period	$	323	$	181	$	147	$	651
Provision for loan losses	3		44		(3)		44
Gross loan and lease charge-offs	12		3		5		20
Recoveries	5		—		1		6
Net loan and lease charge-offs (recoveries)	7		3		4		14
Balance at end of period	$	319	$	222	$	140	$	681
Reserve for unfunded lending commitments


Balance at beginning of period	$	20	$	29	$	11	$	60
Provision for unfunded lending commitments	1		(1)		(3)		(3)
Balance at end of period	$	21	$	28	$	8	$	57
Total allowance for credit losses at end of period
Allowance for loan losses	$	319	$	222	$	140	$	681
Reserve for unfunded lending commitments	21		28		8		57
Total allowance for credit losses	$	340	$	250	$	148	$	738


	Nine Months Ended September 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	37		73		26		136
Gross loan and lease charge-offs	35		3		11		49
Recoveries	17		—		5		22
Net loan and lease charge-offs (recoveries)	18		3		6		27
Balance at end of period	$	319	$	222	$	140	$	681
Reserve for unfunded lending commitments
Balance at beginning of period	$	16	$	33	$	12	$	61
Provision for unfunded lending commitments	5		(5)		(4)		(4)
Balance at end of period	$	21	$	28	$	8	$	57
Total allowance for credit losses at end of period
Allowance for loan losses	$	319	$	222	$	140	$	681
Reserve for unfunded lending commitments	21		28		8		57
Total allowance for credit losses	$	340	$	250	$	148	$	738

Summary of Nonaccrual Loans

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


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


Commercial:
Commercial and industrial	$	27	$	146	$	173	$	25
Leasing	—		2		2		—
Owner-occupied	13		16		29		1
Municipal	5		6		11		2
Total commercial	45		170		215		28
Commercial real estate:
Construction and land development	—		2		2		—
Term	38		29		67		2
Total commercial real estate	38		31		69		2
Consumer:
Home equity credit line	4		26		30		6
1-4 family residential	12		35		47		4

Bankcard and other revolving plans	—		1		1		1
Other	—		1		1		—
Total consumer	16		63		79		11
Total	$	99	$	264	$	363	$	41


	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 September 30,				Nine Months Ended September 30,
(In millions)	2024		2023		2024		2023

Commercial	$	5	$	2	$	10	$	7
Commercial real estate	1		2		4		2
Consumer	1		—		3		1
Total	$	7	$	4	$	17	$	10

Summary of Past Due Loans (Accruing and Nonaccruing)

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


	September 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	$	16,691	$	35	$	31	$	66	$	16,757	$	6	$	140
Leasing	376		1		—		1		377		—		1
Owner-occupied	9,359		15		7		22		9,381		—		17
Municipal	4,243		27		—		27		4,270		—		11
Total commercial	30,669		78		38		116		30,785		6		169
Commercial real estate:
Construction and land development	2,828		3		2		5		2,833		—		—
Term	10,616		3		31		34		10,650		—		37
Total commercial real estate	13,444		6		33		39		13,483		—		37
Consumer:
Home equity credit line	3,521		12		10		22		3,543		—		15
1-4 family residential	9,450		10		29		39		9,489		—		15
Construction and other consumer real estate	996		1		—		1		997		—		—
Bankcard and other revolving plans	457		3		1		4		461		1		—
Other	125		1		—		1		126		—		1
Total consumer	14,549		27		40		67		14,616		1		31
Total	$	58,662	$	111	$	111	$	222	$	58,884	$	7	$	237


	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.


	September 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	$	1,707	$	2,281	$	1,741	$	918	$	473	$	752	$	8,000	$	135	$	16,007
Special Mention	16		12		38		18		3		16		72		3		178
Accruing Substandard	29		58		138		20		2		22		127		3		399
Nonaccrual	5		13		47		18		1		8		77		4		173
Total commercial and industrial	1,757		2,364		1,964		974		479		798		8,276		145		16,757
Leasing
Pass	73		85		104		33		18		47		—		—		360
Special Mention	—		—		—		—		—		—		—		—		—
Accruing Substandard	1		3		8		2		1		—		—		—		15
Nonaccrual	—		—		2		—		—		—		—		—		2
Total leasing	74		88		114		35		19		47		—		—		377
Owner-occupied
Pass	934		1,080		1,715		1,789		923		2,220		253		51		8,965
Special Mention	—		1		17		8		1		11		17		—		55
Accruing Substandard	5		26		73		50		28		142		3		5		332
Nonaccrual	5		1		1		1		—		15		6		—		29
Total owner-occupied	944		1,108		1,806		1,848		952		2,388		279		56		9,381
Municipal
Pass	443		486		949		979		578		789		4		18		4,246
Special Mention	—		—		—		—		—		—		—		—		—
Accruing Substandard	—		13		—		—		—		—		—		—		13
Nonaccrual	3		—		—		5		—		3		—		—		11
Total municipal	446		499		949		984		578		792		4		18		4,270
Total commercial	3,221		4,059		4,833		3,841		2,028		4,025		8,559		219		30,785
Commercial real estate:
Construction and land development
Pass	289		732		729		52		1		10		660		67		2,540
Special Mention	13		—		9		37		—		—		—		—		59
Accruing Substandard	11		19		102		100		—		—		—		—		232
Nonaccrual	—		—		—		—		—		—		2		—		2
Total construction and land development	313		751		840		189		1		10		662		67		2,833
Term
Pass	1,108		1,360		2,271		1,460		1,113		1,843		274		163		9,592
Special Mention	72		14		64		30		46		24		—		—		250
Accruing Substandard	189		66		274		153		13		35		1		10		741
Nonaccrual	—		—		22		—		—		11		—		34		67
Total term	1,369		1,440		2,631		1,643		1,172		1,913		275		207		10,650
Total commercial real estate	1,682		2,191		3,471		1,832		1,173		1,923		937		274		13,483


	September 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	—		—		—		—		—		—		3,412		96		3,508
Special Mention	—		—		—		—		—		—		—		—		—
Accruing Substandard	—		—		—		—		—		—		5		—		5
Nonaccrual	—		—		—		—		—		—		23		7		30
Total home equity credit line	—		—		—		—		—		—		3,440		103		3,543
1-4 family residential
Pass	697		842		2,810		1,884		944		2,264		—		—		9,441
Special Mention	—		—		—		—		—		—		—		—		—
Accruing Substandard	—		—		—		—		—		1		—		—		1
Nonaccrual	—		3		8		7		2		27		—		—		47
Total 1-4 family residential	697		845		2,818		1,891		946		2,292		—		—		9,489
Construction and other consumer real estate
Pass	95		251		583		57		8		3		—		—		997
Special Mention	—		—		—		—		—		—		—		—		—
Accruing Substandard	—		—		—		—		—		—		—		—		—
Nonaccrual	—		—		—		—		—		—		—		—		—
Total construction and other consumer real estate	95		251		583		57		8		3		—		—		997
Bankcard and other revolving plans
Pass	—		—		—		—		—		—		457		1		458
Special Mention	—		—		—		—		—		—		—		—		—
Accruing Substandard	—		—		—		—		—		—		2		—		2
Nonaccrual	—		—		—		—		—		—		1		—		1
Total bankcard and other revolving plans	—		—		—		—		—		—		460		1		461
Other consumer
Pass	46		39		25		10		3		2		—		—		125
Special Mention	—		—		—		—		—		—		—		—		—
Accruing Substandard	—		—		—		—		—		—		—		—		—
Nonaccrual	—		1		—		—		—		—		—		—		1
Total other consumer	46		40		25		10		3		2		—		—		126
Total consumer	838		1,136		3,426		1,958		957		2,297		3,900		104		14,616
Total loans	$	5,741	$	7,386	$	11,730	$	7,631	$	4,158	$	8,245	$	13,396	$	597	$	58,884


	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
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
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
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
Total commercial	4,492		5,770		4,436		2,336		1,729		3,201		8,410		214		30,588
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
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
Total commercial real estate	2,571		3,477		2,294		1,634		884		1,482		757		272		13,371


	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
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
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
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
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
Total consumer	1,092		3,306		2,044		1,012		609		1,927		3,729		101		13,820
Total loans	$	8,155	$	12,553	$	8,774	$	4,982	$	3,222	$	6,610	$	12,896	$	587	$	57,779

The following schedules present gross charge-offs by year of loan origination for the periods presented.


	Three Months Ended September 30, 2024
	Term loans												Revolving loans gross charge-offs		Revolving loans converted to term loans gross charge-offs
	Gross charge-offs by year of loan origination
(In millions)	2024		2023		2022		2021		2020		Prior						Total
Commercial:
Commercial and industrial	$	—	$	1	$	4	$	—	$	—	$	1	$	4	$	1	$	11

Owner-occupied	—		—		1		—		—		—		—		—		1

Total commercial	—		1		5		—		—		1		4		1		12




Consumer:
Home equity credit line	—		—		—		—		—		—		1		—		1


Bankcard and other revolving plans	—		—		—		—		—		—		2		—		2

Total consumer	—		—		—		—		—		—		3		—		3
Total gross charge-offs	$	—	$	1	$	5	$	—	$	—	$	1	$	7	$	1	$	15

	Nine Months Ended September 30, 2024
	Term loans												Revolving loans gross charge-offs		Revolving loans converted to term loans gross charge-offs
	Gross charge-offs by year of loan origination
(In millions)	2024		2023		2022		2021		2020		Prior						Total
Commercial:
Commercial and industrial	$	—	$	3	$	8	$	2	$	—	$	4	$	10	$	2	$	29

Owner-occupied	—		—		1		—		—		—		—		—		1

Total commercial	—		3		9		2		—		4		10		2		30
Commercial real estate:

Term	—		7		4		—		—		—		—		—		11

Consumer:
Home equity credit line	—		—		—		—		—		—		1		—		1
1-4 family residential	—		—		—		—		—		1		—		—		1

Bankcard and other revolving plans	—		—		—		—		—		—		6		—		6
Other	—		—		—		—		—		1		—		—		1
Total consumer	—		—		—		—		—		2		7		—		9
Total gross charge-offs	$	—	$	10	$	13	$	2	$	—	$	6	$	17	$	2	$	50


	Three Months Ended September 30, 2023
	Term loans												Revolving loans gross charge-offs		Revolving loans converted to term loans gross charge-offs
	Gross charge-offs by year of loan origination
(In millions)	2023		2022		2021		2020		2019		Prior						Total
Commercial:
Commercial and industrial	$	1	$	4	$	—	$	—	$	—	$	—	$	7	$	—	$	12




Commercial real estate:
Construction and land development	—		—		—		—		1		—		—		—		1
Term	—		2		—		—		—		—		—		—		2
Total commercial real estate	—		2		—		—		1		—		—		—		3
Consumer:
Home equity credit line	—		—		—		—		—		—		3		—		3


Bankcard and other revolving plans	—		—		—		—		—		—		2		—		2

Total consumer	—		—		—		—		—		—		5		—		5
Total gross charge-offs	$	1	$	6	$	—	$	—	$	1	$	—	$	12	$	—	$	20

	Nine Months Ended September 30, 2023
	Term loans												Revolving loans gross charge-offs		Revolving loans converted to term loans gross charge-offs
	Gross charge-offs by year of loan origination
(In millions)	2023		2022		2021		2020		2019		Prior						Total
Commercial:
Commercial and industrial	$	1	$	10	$	5	$	—	$	—	$	1	$	16	$	2	$	35




Commercial real estate:
Construction and land development	—		—		—		—		1		—		—		—		1
Term	—		2		—		—		—		—		—		—		2
Total commercial real estate	—		2		—		—		1		—		—		—		3
Consumer:
Home equity credit line	—		—		—		—		—		—		3		—		3
1-4 family residential	—		—		—		—		—		2		—		—		2

Bankcard and other revolving plans	—		—		—		—		—		—		6		—		6

Total consumer	—		—		—		—		—		2		9		—		11
Total gross charge-offs	$	1	$	12	$	5	$	—	$	1	$	3	$	25	$	2	$	49

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 September 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	$	9	$	11	$	—	$	1	$	13	$	34	0.2	%



Commercial real estate:
Construction and land development	—		5		—		—		—		5		0.2
Term	—		33		—		—		36		69		0.6
Total commercial real estate	—		38		—		—		36		74		0.5







Total	$	9	$	49	$	—	$	1	$	49	$	108	0.2


	Nine Months Ended September 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	$	9	$	44	$	—	$	2	$	22	$	77	0.5	%
Owner-occupied	—		1		—		—		—		1		—
Municipal	—		3		—		—		—		3		0.1
Total commercial	9		48		—		2		22		81		0.3
Commercial real estate:
Construction and land development	—		7		—		—		—		7		0.2
Term	—		110		—		—		36		146		1.4
Total commercial real estate	—		117		—		—		36		153		1.1
Consumer:
Home equity credit line	—		—		—		—		1		1		—
1-4 family residential	—		—		2		—		2		4		—


Other	—		1		—		—		—		1		0.8
Total consumer	—		1		2		—		3		6		—
Total	$	9	$	166	$	2	$	2	$	61	$	240	0.4


	Three Months Ended September 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	$	—	$	35	$	—	$	1	$	—	$	36	0.2	%
Owner-occupied	—		3		—		—		—		3		—

Total commercial	—		38		—		1		—		39		0.1
Commercial real estate:
Construction and land development	—		—		—		—		—		—		—
Term	—		83		—		—		—		83		0.8
Total commercial real estate	—		83		—		—		—		83		0.6
Consumer:

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




Total	$	—	$	121	$	—	$	1	$	1	$	123	0.2


	Nine Months Ended September 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	$	—	$	63	$	—	$	1	$	—	$	64	0.4	%
Owner-occupied	4		8		—		—		—		12		0.1

Total commercial	4		71		—		1		—		76		0.3
Commercial real estate:
Construction and land development	—		23		—		—		—		23		0.9
Term	—		141		—		—		—		141		1.3
Total commercial real estate	—		164		—		—		—		164		1.2
Consumer:

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

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

Total consumer	—		1		1		—		1		3		—
Total	$	4	$	236	$	1	$	1	$	1	$	243	0.4

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 $8 million and $10 million at September 30, 2024 and September 30, 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 September 30, 2024			Nine Months Ended September 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	0.3	%	5		0.4	%	7

Owner-occupied	—		0		—		3
Municipal	—		0		—		61
Total commercial	0.3		5		0.4		9
Commercial real estate:
Construction and land development	—		8		—		1
Term	0.2		3		0.2		10
Total commercial real estate	0.2		8		0.2		10
Consumer:
Home equity credit line	—		0		6.8		44
1-4 family residential	—		0		1.3		78


Other	—		0		—		71
Total consumer	—		0		8.0		67
Total weighted average financial impact	0.3		7		0.4		11


	Three Months Ended September 30, 2023			Nine Months Ended September 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	—	%	16		—	%	12

Owner-occupied	—		2		4.4		13

Total commercial	—		14		4.4		12
Commercial real estate:
Construction and land development	—		0		—		5
Term	—		21		—		17
Total commercial real estate	—		21		—		16
Consumer: 1

1-4 family residential	—		217		—		153

Bankcard and other revolving plans	—		0		—		63

Total consumer	—		217		—		117
Total weighted average financial impact	—		19		4.4		16

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 October 1, 2023 through September 30, 2024, presented by portfolio segment and loan class:


	September 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	$	76	$	4	$	3	$	7	$	83

Owner-occupied	6		—		—		—		6
Municipal	3		8		—		8		11
Total commercial	85		12		3		15		100
Commercial real estate:
Construction and land development	24		—		2		2		26
Term	170		—		5		5		175
Total commercial real estate	194		—		7		7		201
Consumer:
Home equity credit line	1		—		—		—		1
1-4 family residential	4		—		—		—		4


Other	1		—		—		—		1
Total consumer	6		—		—		—		6
Total	$	285	$	12	$	10	$	22	$	307

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


	September 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	$	64	$	—	$	—	$	—	$	64

Owner-occupied	9		3		—		3		12

Total commercial	73		3		—		3		76
Commercial real estate:
Construction and land development	23		—		—		—		23
Term	128		13		—		13		141
Total commercial real estate	151		13		—		13		164
Consumer:

1-4 family residential	2		—		—		—		2

Bankcard and other revolving plans	1		—		—		—		1

Total consumer	3		—		—		—		3
Total	$	227	$	16	$	—	$	16	$	243

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:


	September 30, 2024
(Dollar amounts in millions)	Amortized cost		Major types of collateral	Weighted average LTV 1
Commercial:
Commercial and industrial	$	12	Accounts Receivable	61	%

Owner-occupied	4		Retail Facility	82
Municipal	5		Multifamily Apartments	177
Total commercial	21
Commercial real estate:
Construction and land development	2		Lots / Homes	122
Term	57		Office Building	92
Total commercial real estate	59
Consumer:
Home equity credit line	3		Single Family Residential	38


Total	$	83


	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.