Loans and leases and the allowance for credit losses (Tables)

6 Months Ended

Jun. 30, 2024

Summary of Current, Past Due and Nonaccrual Loans

A summary of current, past due and nonaccrual loans as of June 30, 2024 and December 31, 2023 follows:


(Dollars in millions)	Current		30-89 Days Past Due		Accruing Loans Past Due 90 Days or More		Nonaccrual		Total
June 30, 2024
Commercial and industrial	$	58,982	$	234	$	6	$	805	$	60,027
Real estate:
Commercial (a)	21,913		142		4		707		22,766
Residential builder and developer	1,026		2		—		2		1,030
Other commercial construction	5,581		76		2		77		5,736
Residential (b)	21,023		709		214		205		22,151
Residential — limited documentation	762		35		—		55		852
Consumer:
Home equity lines and loans	4,449		33		—		79		4,561
Recreational finance	11,152		83		—		25		11,260
Automobile	4,459		53		—		11		4,523
Other	2,011		20		7		58		2,096
Total	$	131,358	$	1,387	$	233	$	2,024	$	135,002

December 31, 2023
Commercial and industrial	$	56,091	$	238	$	11	$	670	$	57,010
Real estate:
Commercial (a)	24,072		311		25		869		25,277
Residential builder and developer	1,065		5		—		3		1,073
Other commercial construction	6,322		159		1		171		6,653
Residential (b)	21,080		763		295		215		22,353
Residential — limited documentation	825		31		—		55		911
Consumer:
Home equity lines and loans	4,528		40		—		81		4,649
Recreational finance	9,935		87		—		36		10,058
Automobile	3,918		60		—		14		3,992
Other	2,003		30		7		52		2,092
Total	$	129,839	$	1,724	$	339	$	2,166	$	134,068

_______________________________________________________________

(a)Commercial real estate loans held for sale were $168 million at June 30, 2024 and $189 million at December 31, 2023.

(b)One-to-four family residential mortgage loans held for sale were $209 million at June 30, 2024 and $190 million at December 31, 2023.

Summary of Loan grades applied various classes of Commercial and Real Estate Loans

The following table summarizes the loan grades applied at June 30, 2024 to the various classes of the Company’s commercial and industrial loans and commercial real estate loans and gross charge-offs for those types of loans for the three-month and six-month periods ended June 30, 2024 by origination year.


	Term Loans by Origination Year												Revolving Loans		Revolving Loans Converted to Term Loans		Total
(Dollars in millions)	2024		2023		2022		2021		2020		Prior
Commercial and industrial:
Pass	$	4,226	$	7,554	$	7,107	$	4,199	$	1,932	$	6,299	$	24,139	$	73	$	55,529
Criticized accrual	74		334		443		244		129		738		1,690		41		3,693
Criticized nonaccrual	5		45		97		57		62		221		301		17		805
Total commercial and industrial	$	4,305	$	7,933	$	7,647	$	4,500	$	2,123	$	7,258	$	26,130	$	131	$	60,027
Gross charge-offs three months ended June 30, 2024	$	1	$	7	$	10	$	11	$	7	$	9	$	33	$	—	$	78
Gross charge-offs six months ended June 30, 2024	$	1	$	14	$	19	$	15	$	10	$	14	$	83	$	—	$	156
Real estate:
Commercial:
Pass	$	339	$	1,747	$	1,377	$	1,178	$	1,860	$	10,663	$	395	$	—	$	17,559
Criticized accrual	—		294		726		445		695		2,333		7		—		4,500
Criticized nonaccrual	—		—		22		32		37		615		1		—		707
Total commercial real estate	$	339	$	2,041	$	2,125	$	1,655	$	2,592	$	13,611	$	403	$	—	$	22,766
Gross charge-offs three months ended June 30, 2024	$	—	$	4	$	—	$	—	$	5	$	30	$	—	$	—	$	39
Gross charge-offs six months ended June 30, 2024	$	—	$	4	$	—	$	—	$	5	$	43	$	—	$	—	$	52
Residential builder and developer:
Pass	$	234	$	379	$	119	$	24	$	4	$	11	$	113	$	—	$	884
Criticized accrual	6		52		45		10		—		31		—		—		144
Criticized nonaccrual	—		—		—		1		—		1		—		—		2
Total residential builder and developer	$	240	$	431	$	164	$	35	$	4	$	43	$	113	$	—	$	1,030
Gross charge-offs three months ended June 30, 2024	$	—	$	—	$	—	$	—	$	—	$	1	$	—	$	—	$	1
Gross charge-offs six months ended June 30, 2024	$	—	$	—	$	—	$	—	$	—	$	2	$	—	$	—	$	2
Other commercial construction:
Pass	$	43	$	1,171	$	1,184	$	517	$	242	$	332	$	44	$	—	$	3,533
Criticized accrual	—		101		693		449		358		517		8		—		2,126
Criticized nonaccrual	—		—		1		9		45		22		—		—		77
Total other commercial construction	$	43	$	1,272	$	1,878	$	975	$	645	$	871	$	52	$	—	$	5,736
Gross charge-offs three months ended June 30, 2024	$	—	$	—	$	—	$	—	$	—	$	3	$	—	$	—	$	3
Gross charge-offs six months ended June 30, 2024	$	—	$	—	$	2	$	—	$	—	$	10	$	2	$	—	$	14

The following table summarizes the loan grades applied at December 31, 2023 to the various classes of the Company’s commercial and industrial loans and commercial real estate loans by origination year.


	Term Loans by Origination Year												Revolving Loans		Revolving Loans Converted to Term Loans
(Dollars in millions)	2023		2022		2021		2020		2019		Prior						Total
Commercial and industrial:
Pass	$	8,689	$	8,087	$	4,800	$	2,248	$	2,169	$	4,843	$	22,345	$	70	$	53,251
Criticized accrual	292		279		277		142		127		481		1,460		31		3,089
Criticized nonaccrual	29		68		56		75		36		150		243		13		670
Total commercial and industrial	$	9,010	$	8,434	$	5,133	$	2,465	$	2,332	$	5,474	$	24,048	$	114	$	57,010
Real estate:
Commercial:
Pass	$	2,048	$	1,742	$	1,367	$	2,011	$	3,059	$	8,491	$	440	$	—	$	19,158
Criticized accrual	227		891		465		456		966		2,238		7		—		5,250
Criticized nonaccrual	—		46		3		113		93		611		3		—		869
Total commercial real estate	$	2,275	$	2,679	$	1,835	$	2,580	$	4,118	$	11,340	$	450	$	—	$	25,277
Residential builder and developer:
Pass	$	530	$	252	$	41	$	6	$	2	$	12	$	116	$	—	$	959
Criticized accrual	1		18		30		—		59		—		3		—		111
Criticized nonaccrual	—		—		3		—		—		—		—		—		3
Total residential builder and developer	$	531	$	270	$	74	$	6	$	61	$	12	$	119	$	—	$	1,073
Other commercial construction:
Pass	$	813	$	1,366	$	651	$	373	$	646	$	187	$	30	$	—	$	4,066
Criticized accrual	53		391		390		691		565		326		—		—		2,416
Criticized nonaccrual	—		14		10		46		50		49		2		—		171
Total other commercial construction	$	866	$	1,771	$	1,051	$	1,110	$	1,261	$	562	$	32	$	—	$	6,653

Summary of loans in Accrual and Nonaccrual Status

A summary of loans in accrual and nonaccrual status at June 30, 2024 for the various classes of the Company’s residential real estate loans and consumer loans and gross charge-offs for those types of loans for the three-month and six-month periods ended June 30, 2024 by origination year follows:


	Term Loans by Origination Year												Revolving Loans		Revolving Loans Converted to Term Loans		Total
(Dollars in millions)	2024		2023		2022		2021		2020		Prior
Residential:
Current	$	971	$	1,452	$	4,584	$	3,639	$	2,475	$	7,808	$	94	$	—	$	21,023
30-89 days past due	3		12		112		79		42		460		1		—		709
Accruing loans past due 90 days or more	—		1		21		18		14		160		—		—		214
Nonaccrual	—		1		21		10		2		169		2		—		205
Total residential	$	974	$	1,466	$	4,738	$	3,746	$	2,533	$	8,597	$	97	$	—	$	22,151
Gross charge-offs three months ended June 30, 2024	$	—	$	—	$	—	$	—	$	—	$	2	$	—	$	—	$	2
Gross charge-offs six months ended June 30, 2024	$	—	$	—	$	—	$	—	$	—	$	3	$	—	$	—	$	3
Residential - limited documentation:
Current	$	—	$	—	$	—	$	—	$	—	$	762	$	—	$	—	$	762
30-89 days past due	—		—		—		—		—		35		—		—		35
Accruing loans past due 90 days or more	—		—		—		—		—		—		—		—		—
Nonaccrual	—		—		—		—		—		55		—		—		55
Total residential - limited documentation	$	—	$	—	$	—	$	—	$	—	$	852	$	—	$	—	$	852
Gross charge-offs three months ended June 30, 2024	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Gross charge-offs six months ended June 30, 2024	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Consumer:
Home equity lines and loans:
Current	$	—	$	—	$	—	$	2	$	2	$	101	$	2,990	$	1,354	$	4,449
30-89 days past due	—		—		—		—		—		2		—		31		33
Accruing loans past due 90 days or more	—		—		—		—		—		—		—		—		—
Nonaccrual	—		—		—		—		—		3		1		75		79
Total home equity lines and loans	$	—	$	—	$	—	$	2	$	2	$	106	$	2,991	$	1,460	$	4,561
Gross charge-offs three months ended June 30, 2024	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	1	$	1
Gross charge-offs six months ended June 30, 2024	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	2	$	2
Recreational finance:
Current	$	2,205	$	2,359	$	2,126	$	1,690	$	1,163	$	1,609	$	—	$	—	$	11,152
30-89 days past due	—		14		15		16		14		24		—		—		83
Accruing loans past due 90 days or more	—		—		—		—		—		—		—		—		—
Nonaccrual	—		5		4		5		3		8		—		—		25
Total recreational finance	$	2,205	$	2,378	$	2,145	$	1,711	$	1,180	$	1,641	$	—	$	—	$	11,260
Gross charge-offs three months ended June 30, 2024	$	1	$	4	$	6	$	4	$	3	$	5	$	—	$	—	$	23
Gross charge-offs six months ended June 30, 2024	$	1	$	7	$	11	$	10	$	7	$	12	$	—	$	—	$	48
Automobile:
Current	$	1,287	$	937	$	910	$	832	$	322	$	171	$	—	$	—	$	4,459
30-89 days past due	3		9		14		13		6		8		—		—		53
Accruing loans past due 90 days or more	—		—		—		—		—		—		—		—		—
Nonaccrual	1		2		2		2		1		3		—		—		11
Total automobile	$	1,291	$	948	$	926	$	847	$	329	$	182	$	—	$	—	$	4,523
Gross charge-offs three months ended June 30, 2024	$	—	$	2	$	2	$	2	$	—	$	1	$	—	$	—	$	7
Gross charge-offs six months ended June 30, 2024	$	—	$	4	$	4	$	4	$	1	$	2	$	—	$	—	$	15
Other:
Current	$	145	$	195	$	140	$	95	$	23	$	22	$	1,390	$	1	$	2,011
30-89 days past due	2		2		2		1		—		1		11		1		20
Accruing loans past due 90 days or more	—		—		—		—		—		—		7		—		7
Nonaccrual	1		1		1		—		—		—		55		—		58
Total other	$	148	$	198	$	143	$	96	$	23	$	23	$	1,463	$	2	$	2,096
Gross charge-offs three months ended June 30, 2024	$	4	$	3	$	2	$	2	$	—	$	2	$	13	$	—	$	26
Gross charge-offs six months ended June 30, 2024	$	5	$	6	$	5	$	3	$	1	$	2	$	29	$	—	$	51
Total loans and leases at June 30, 2024	$	9,545	$	16,667	$	19,766	$	13,567	$	9,431	$	33,184	$	31,249	$	1,593	$	135,002
Total gross charge-offs for the three months ended June 30, 2024	$	6	$	20	$	20	$	19	$	15	$	53	$	46	$	1	$	180
Total gross charge-offs for the six months ended June 30, 2024	$	7	$	35	$	41	$	32	$	24	$	88	$	114	$	2	$	343

A summary of loans in accrual and nonaccrual status at December 31, 2023 for the various classes of the Company’s residential real estate loans and consumer loans by origination year follows:


	Term Loans by Origination Year												Revolving Loans		Revolving Loans Converted to Term Loans		Total
(Dollars in millions)	2023		2022		2021		2020		2019		Prior
Residential:
Current	$	1,726	$	4,709	$	3,732	$	2,543	$	1,215	$	7,060	$	95	$	—	$	21,080
30-89 days past due	18		120		88		52		28		457		—		—		763
Accruing loans past due 90 days or more	1		30		28		17		14		205		—		—		295
Nonaccrual	1		17		10		3		4		179		1		—		215
Total residential	$	1,746	$	4,876	$	3,858	$	2,615	$	1,261	$	7,901	$	96	$	—	$	22,353
Residential - limited documentation:
Current	$	—	$	—	$	—	$	—	$	—	$	825	$	—	$	—	$	825
30-89 days past due	—		—		—		—		—		31		—		—		31
Accruing loans past due 90 days or more	—		—		—		—		—		—		—		—		—
Nonaccrual	—		—		—		—		—		55		—		—		55
Total residential - limited documentation	$	—	$	—	$	—	$	—	$	—	$	911	$	—	$	—	$	911
Consumer:
Home equity lines and loans:
Current	$	—	$	—	$	2	$	2	$	13	$	98	$	3,022	$	1,391	$	4,528
30-89 days past due	—		—		—		—		—		3		—		37		40
Accruing loans past due 90 days or more	—		—		—		—		—		—		—		—		—
Nonaccrual	—		—		—		—		—		5		3		73		81
Total home equity lines and loans	$	—	$	—	$	2	$	2	$	13	$	106	$	3,025	$	1,501	$	4,649
Recreational finance:
Current	$	2,653	$	2,338	$	1,857	$	1,286	$	781	$	1,020	$	—	$	—	$	9,935
30-89 days past due	11		16		19		14		11		16		—		—		87
Accruing loans past due 90 days or more	—		—		—		—		—		—		—		—		—
Nonaccrual	3		5		8		6		5		9		—		—		36
Total recreational finance	$	2,667	$	2,359	$	1,884	$	1,306	$	797	$	1,045	$	—	$	—	$	10,058
Automobile:
Current	$	1,063	$	1,096	$	1,047	$	427	$	198	$	87	$	—	$	—	$	3,918
30-89 days past due	8		15		17		9		6		5		—		—		60
Accruing loans past due 90 days or more	—		—		—		—		—		—		—		—		—
Nonaccrual	2		3		3		2		2		2		—		—		14
Total automobile	$	1,073	$	1,114	$	1,067	$	438	$	206	$	94	$	—	$	—	$	3,992
Other:
Current	$	250	$	176	$	118	$	33	$	13	$	18	$	1,392	$	3	$	2,003
30-89 days past due	3		3		2		—		—		1		20		1		30
Accruing loans past due 90 days or more	—		—		—		—		—		—		7		—		7
Nonaccrual	2		1		1		—		—		—		48		—		52
Total other	$	255	$	180	$	121	$	33	$	13	$	19	$	1,467	$	4	$	2,092
Total loans and leases at December 31, 2023	$	18,423	$	21,683	$	15,025	$	10,555	$	10,062	$	27,464	$	29,237	$	1,619	$	134,068

Changes in Allowance for Credit Losses

Changes in the allowance for credit losses for the three months ended June 30, 2024 and 2023 were as follows:


	Commercial and Industrial		Real Estate
(Dollars in millions)			Commercial		Residential		Consumer		Total
Three Months Ended June 30, 2024
Beginning balance	$	684	$	754	$	118	$	635	$	2,191
Provision for credit losses	176		(70)		(8)		52		150
Net charge-offs:
Charge-offs	(78)		(43)		(2)		(57)		(180)
Recoveries	8		17		2		16		43
Net charge-offs	(70)		(26)		—		(41)		(137)
Ending balance	$	790	$	658	$	110	$	646	$	2,204

Three Months Ended June 30, 2023
Beginning balance	$	579	$	669	$	113	$	614	$	1,975
Provision for credit losses	12		122		3		13		150
Net charge-offs:
Charge-offs	(24)		(99)		(1)		(38)		(162)
Recoveries	16		2		3		14		35
Net (charge-offs) recoveries	(8)		(97)		2		(24)		(127)
Ending balance	$	583	$	694	$	118	$	603	$	1,998

Changes in the allowance for credit losses for the six months ended June 30, 2024 and 2023 were as follows:


	Commercial and Industrial		Real Estate
(Dollars in millions)			Commercial		Residential		Consumer		Total
Six Months Ended June 30, 2024
Beginning balance	$	620	$	764	$	116	$	629	$	2,129
Provision for credit losses	313		(61)		(6)		104		350
Net charge-offs:
Charge-offs	(156)		(68)		(3)		(116)		(343)
Recoveries	13		23		3		29		68
Net charge-offs	(143)		(45)		—		(87)		(275)
Ending balance	$	790	$	658	$	110	$	646	$	2,204

Six Months Ended June 30, 2023
Beginning balance	$	568	$	611	$	115	$	631	$	1,925

Provision for credit losses	33		208		2		27		270
Net charge-offs:
Charge-offs	(44)		(128)		(3)		(82)		(257)
Recoveries	26		3		4		27		60
Net (charge-offs) recoveries	(18)		(125)		1		(55)		(197)
Ending balance	$	583	$	694	$	118	$	603	$	1,998

Loan and Leases Considered Nonaccrual and Interest Income Recognized on Loans

Information with respect to loans and leases that were considered nonaccrual at the beginning and end of the reporting period and the interest income recognized on such loans for the three-month and six-month periods ended June 30, 2024 and 2023 follows:


	Amortized Cost with Allowance		Amortized Cost without Allowance		Total		Amortized Cost				Interest Income Recognized
(Dollars in millions)	June 30, 2024						March 31, 2024		January 1, 2024		Three Months Ended June 30, 2024		Six Months Ended June 30, 2024
Commercial and industrial	$	494	$	311	$	805	$	864	$	670	$	7	$	9
Real estate:
Commercial	315		392		707		855		869		20		26
Residential builder and developer	2		—		2		3		3		—		—
Other commercial construction	13		64		77		141		171		3		3
Residential	95		110		205		202		215		3		6
Residential — limited documentation	20		35		55		53		55		—		1
Consumer:
Home equity lines and loans	37		42		79		87		81		1		2
Recreational finance	15		10		25		30		36		—		—
Automobile	7		4		11		13		14		—		—
Other	58		—		58		54		52		—		—
Total	$	1,056	$	968	$	2,024	$	2,302	$	2,166	$	34	$	47


(Dollars in millions)	June 30, 2023						March 31, 2023		January 1, 2023		Three Months Ended June 30, 2023		Six Months Ended June 30, 2023
Commercial and industrial	$	202	$	405	$	607	$	569	$	504	$	3	$	6
Real estate:
Commercial	376		816		1,192		1,330		1,240		4		9
Residential builder and developer	1		—		1		3		1		—		—
Other commercial construction	44		102		146		143		125		—		2
Residential	91		148		239		254		272		4		9
Residential — limited documentation	28		39		67		69		78		—		—
Consumer:
Home equity lines and loans	49		28		77		81		85		2		4
Recreational finance	23		9		32		34		45		—		—
Automobile	18		4		22		27		40		—		—
Other	51		2		53		47		49		—		—
Total	$	883	$	1,553	$	2,436	$	2,557	$	2,439	$	13	$	30

Loan Modification Activities to Borrowers Experiencing Financial Difficulty on Financing Receivables

The tables that follow summarize the Company’s loan modification activities to borrowers experiencing financial difficulty for the three-month and six-month periods ended June 30, 2024 and 2023:


	Amortized cost at June 30, 2024
(Dollars in millions)	Payment Deferral (a)		Interest Rate Reduction		Other		Combination of Modification Types (b)		Total (c) (d)		Percent of Total Loan Class
Three Months Ended June 30, 2024
Commercial and industrial	$	51	$	13	$	—	$	—	$	64	.11	%
Real estate:
Commercial	168		—		—		—		168		.74
Residential builder and developer	26		—		—		—		26		2.49
Other commercial construction	125		—		—		—		125		2.18
Residential	55		—		—		1		56		.25
Residential — limited documentation	2		—		—		—		2		.26
Consumer:
Home equity lines and loans	—		—		—		—		—		—
Recreational finance	—		—		—		—		—		—
Automobile	—		—		—		—		—		—
Other	—		—		—		—		—		—
Total	$	427	$	13	$	—	$	1	$	441	.33	%



Six Months Ended June 30, 2024
Commercial and industrial	$	196	$	13	$	—	$	—	$	209	.35	%
Real estate:
Commercial	373		—		—		4		377		1.66
Residential builder and developer	27		—		—		—		27		2.62
Other commercial construction	197		—		—		—		197		3.44
Residential	99		—		—		2		101		.46
Residential — limited documentation	4		—		—		—		4		.45
Consumer:
Home equity lines and loans	—		—		—		1		1		.03
Recreational finance	—		—		—		—		—		—
Automobile	—		—		—		—		—		—
Other	—		—		—		—		—		—
Total	$	896	$	13	$	—	$	7	$	916	.68	%

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(a)Predominantly extensions of maturity dates.

(b)Predominantly payment deferrals combined with interest rate reductions.

(c)Includes approximately $47 million and $88 million of loans guaranteed by government-related entities (predominantly first lien residential mortgage loans) for the three-month and six-month periods ended June 30, 2024, respectively.

(d)Excludes unfunded commitments to extend credit totaling $1 million and $27 million for the three-month and six-month periods ended June 30, 2024, respectively.


	Amortized cost at June 30, 2023
(Dollars in millions)	Payment Deferral (a)		Interest Rate Reduction		Other		Combination of Modification Types (b)		Total (c) (d)		Percent of Total Loan Class at Period End

Three Months Ended June 30, 2023
Commercial and industrial	$	26	$	1	$	—	$	—	$	27	.05	%
Real estate:
Commercial	52		—		—		8		60		.22
Residential builder and developer	85		—		—		—		85		7.49
Other commercial construction	124		—		—		8		132		1.95
Residential	38		—		—		1		39		.17
Residential — limited documentation	3		—		—		1		4		.38
Consumer:
Home equity lines and loans	1		—		—		—		1		.02
Recreational finance	—		—		—		—		—		—
Automobile	—		—		—		—		—		—
Other	—		—		—		—		—		—
Total	$	329	$	1	$	—	$	18	$	348	.26	%



Six Months Ended June 30, 2023
Commercial and industrial	$	93	$	1	$	—	$	1	$	95	.17	%
Real estate:
Commercial	142		—		—		8		150		.56
Residential builder and developer	91		—		—		—		91		7.99
Other commercial construction	215		—		—		8		223		3.29
Residential	69		—		—		3		72		.32
Residential — limited documentation	8		—		—		1		9		.90
Consumer:
Home equity lines and loans	1		—		—		—		1		.02
Recreational finance	—		—		—		—		—		—
Automobile	—		—		—		—		—		.01
Other	—		—		—		—		—		—
Total	$	619	$	1	$	—	$	21	$	641	.48	%

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(a)Predominantly extensions of maturity dates.

(b)Predominantly payment deferrals combined with interest rate reductions.

(c)Includes approximately $25 million and $48 million of loans guaranteed by government-related entities (predominantly first lien residential mortgage loans) for the three-month and six-month periods ended June 30, 2023, respectively.

(d)Excludes unfunded commitments to extend credit totaling $78 million and $82 million for the three-month and six-month periods ended June 30, 2023, respectively.

Summary of Payment Status of Loans Modified

The following table summarizes the payment status, at June 30, 2024, of loans that were modified during the twelve-month period ended June 30, 2024.


	Payment status at June 30, 2024 (amortized cost)
(Dollars in millions)	Current		30-89 Days Past Due		Past Due 90 Days or More (a)		Total
Twelve Months Ended June 30, 2024
Commercial and industrial	$	294	$	15	$	3	$	312
Real estate:
Commercial	545		42		14		601
Residential builder and developer	28		—		—		28
Other commercial construction	344		2		—		346
Residential (b)	104		54		29		187
Residential — limited documentation	6		—		—		6
Consumer:
Home equity lines and loans	2		—		—		2
Recreational finance	—		—		—		—
Automobile	—		—		—		—
Other	—		—		—		—
Total	$	1,323	$	113	$	46	$	1,482

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(a) Predominantly loan modifications with payment deferrals.

(b)Includes loans guaranteed by government-related entities classified as 30 to 89 days past due of $45 million and as past due 90 days or more of $27 million.

The following table summarizes the payment status, at June 30, 2023, of loans that were modified during the six-month period ended June 30, 2023.


	Payment status at June 30, 2023 (amortized cost)
(Dollars in millions)	Current		30-89 Days Past Due		Past Due 90 Days or More (a)		Total
Six Months Ended June 30, 2023
Commercial and industrial	$	90	$	4	$	1	$	95
Real estate:
Commercial	150		—		—		150
Residential builder and developer	91		—		—		91
Other commercial construction	223		—		—		223
Residential (b)	53		15		4		72
Residential — limited documentation	7		1		1		9
Consumer:
Home equity lines and loans	1		—		—		1
Recreational finance	—		—		—		—
Automobile	—		—		—		—
Other	—		—		—		—
Total	$	615	$	20	$	6	$	641

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(a) Predominantly loan modifications with payment deferrals.

(b)Includes loans guaranteed by government-related entities classified as 30 to 89 days past due of $11 million and as past due 90 days or more of $4 million.