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Finance Receivables and Loans, Net
 3 Months Ended
Mar. 31, 2024
Receivables [Abstract]  
Finance Receivables and Loans, Net Finance Receivables and Loans, Net
The composition of finance receivables and loans reported at amortized cost basis was as follows.
($ in millions)March 31, 2024December 31, 2023
Consumer automotive (a)$83,406 $84,320 
Consumer mortgage
Mortgage Finance (b)18,227 18,442 
Mortgage — Legacy (c)214 225 
Total consumer mortgage18,441 18,667 
Consumer other
Credit Card1,962 1,990 
Total consumer other1,962 1,990 
Total consumer103,809 104,977 
Commercial
Commercial and industrial
Automotive19,163 18,700 
Other8,911 9,712 
Commercial real estate6,077 6,050 
Total commercial34,151 34,462 
Total finance receivables and loans (d) (e)$137,960 $139,439 
(a)Certain finance receivables and loans are included in fair value hedging relationships. Refer to Note 19 for additional information.
(b)Includes loans originated as interest-only mortgage loans of $2 million at both March 31, 2024, and December 31, 2023, of which all have exited the interest-only period.
(c)Includes loans originated as interest-only mortgage loans of $12 million and $13 million at March 31, 2024, and December 31, 2023, respectively, of which all have exited the interest-only period.
(d)Totals include net unearned income, unamortized premiums and discounts, and deferred fees and costs of $2.3 billion at both March 31, 2024, and December 31, 2023.
(e)Totals do not include accrued interest receivable, which was $856 million and $853 million at March 31, 2024, and December 31, 2023, respectively. Accrued interest receivable is included in other assets on our Condensed Consolidated Balance Sheet. Billed interest on our credit card loans is included within finance receivables and loans, net.
The following tables present an analysis of the activity in the allowance for loan losses on finance receivables and loans for the three months ended March 31, 2024, and 2023, respectively.
Three months ended March 31, 2024 ($ in millions)
Consumer automotiveConsumer mortgageConsumer otherCommercialTotal
Allowance at January 1, 2024$3,083 $21 $293 $190 $3,587 
Charge-offs (a)(688)(1)(68)(1)(758)
Recoveries211 1 6 1 219 
Net charge-offs(477)— (62)— (539)
Write-downs from transfers to held-for-sale (b)(5)— — — (5)
Provision for credit losses449 — 60 (2)507 
Allowance at March 31, 2024
$3,050 $21 $291 $188 $3,550 
(a)Refer to Note 1 to the Consolidated Financial Statements in our 2023 Annual Report on Form 10-K for information regarding our charge-off policies.
(b)Consumer automotive includes a $5 million reduction of allowance from the completion of a retail securitization transaction during the three months ended March 31, 2024, resulting in the deconsolidation of the assets and liabilities from our Condensed Consolidated Balance Sheet. Refer to Note 10 for further information.
Three months ended March 31, 2023 ($ in millions)
Consumer automotiveConsumer mortgageConsumer other (a)CommercialTotal
Allowance at January 1, 2023$3,020 $27 $426 $238 $3,711 
Charge-offs (b)(536)(1)(64)— (601)
Recoveries185 2 5 — 192 
Net charge-offs(351)1 (59)— (409)
Provision for credit losses (c)353 (4)88 12 449 
Other— (1)— 1 — 
Allowance at March 31, 2023
$3,022 $23 $455 $251 $3,751 
(a)Excludes $3 million and $2 million of finance receivables and loans at January 1, 2023, and March 31, 2023, respectively, for which we have elected the fair value option and incorporate no allowance for loan losses.
(b)Refer to Note 1 to the Consolidated Financial Statements in our 2023 Annual Report on Form 10-K for information regarding our charge-off policies.
(c)Excludes $3 million of benefit for credit losses related to our reserve for unfunded commitments. The liability related to the reserve for unfunded commitments is included in accrued expenses and other liabilities on our Condensed Consolidated Balance Sheet.
The following table presents sales of finance receivables and loans and transfers of finance receivables and loans from held-for-investment to held-for-sale based on net carrying value.
Three months ended March 31,
($ in millions)20242023
Consumer automotive$1,108 $— 
Consumer mortgage— 1 
Commercial45 — 
Total sales and transfers$1,153 $1 
The following table presents purchases of finance receivables and loans based on unpaid principal balance at the time of purchase.
Three months ended March 31,
($ in millions)20242023
Consumer automotive$981 $758 
Consumer mortgage4 2 
Commercial— 7 
Total purchases of finance receivables and loans$985 $767 
Nonaccrual Loans
The following table presents the amortized cost of our finance receivables and loans on nonaccrual status. All consumer or commercial finance receivables and loans that were 90 days or more past due were on nonaccrual status as of March 31, 2024, and December 31, 2023. Refer to Note 1 to the Consolidated Financial Statements in our 2023 Annual Report on Form 10-K for additional information on our accounting policy for finance receivables and loans on nonaccrual status.
March 31, 2024December 31, 2023
($ in millions)Nonaccrual status at Jan. 1, 2024Nonaccrual statusNonaccrual with no allowance (a)Nonaccrual status at Jan. 1, 2023Nonaccrual statusNonaccrual with no allowance (a)
Consumer automotive$1,129 $1,010 $507 $1,187 $1,129 $531 
Consumer mortgage
Mortgage Finance41 33 20 34 41 21 
Mortgage — Legacy13 12 11 15 13 12 
Total consumer mortgage54 45 31 49 54 33 
Consumer other
Personal Lending (b)— — — 13 — — 
Credit Card92 94 — 43 92 — 
Total consumer other92 94 — 56 92 — 
Total consumer1,275 1,149 538 1,292 1,275 564 
Commercial
Commercial and industrial
Automotive18 5 4 5 18 13 
Other98 97 5 157 98 5 
Commercial real estate3 1 — — 3 3 
Total commercial119 103 9 162 119 21 
Total finance receivables and loans (c)$1,394 $1,252 $547 $1,454 $1,394 $585 
(a)Represents a component of nonaccrual status at end of period.
(b)Personal Lending finance receivables and loans were transferred to loans held-for-sale, and were included in assets of operations held-for-sale on our Condensed Consolidated Balance Sheet at December 31, 2023. We closed the sale of Ally Lending during the three months ended March 31, 2024. Refer to Note 2 for additional information.
(c)We recorded interest income from cash payments associated with finance receivables and loans on nonaccrual status of $5 million and $3 million for the three months ended March 31, 2024, and 2023, respectively.
Credit Quality Indicators
We evaluate the credit quality of our consumer loan portfolio based on the aging status of the loan and by payment activity. Loan delinquency reporting is generally based upon borrower payment activity, relative to the contractual terms of the loan.
The following tables present the amortized cost basis of our consumer finance receivables and loans by credit quality indicator based on delinquency status and origination year.
Origination yearRevolving loans converted to term
March 31, 2024 ($ in millions)
202420232022202120202019 and priorRevolving loansTotal
Consumer automotive
Current$8,543 $27,814 $21,394 $12,627 $5,236 $4,062 $— $— $79,676 
30–59 days past due15 556 874 598 218 226 — — 2,487 
60–89 days past due— 191 388 247 87 84 — — 997 
90 or more days past due— 77 146 99 37 47 — — 406 
Total consumer automotive (a)8,558 28,638 22,802 13,571 5,578 4,419 — — 83,566 
Consumer mortgage
Mortgage Finance
Current34 149 2,148 10,256 1,817 3,747 — — 18,151 
30–59 days past due— — 10 12 1 22 — — 45 
60–89 days past due— — 1 1 — 4 — — 6 
90 or more days past due— — 1 4 3 17 — — 25 
Total Mortgage Finance34 149 2,160 10,273 1,821 3,790 — — 18,227 
Mortgage — Legacy
Current— — — — — 50 133 16 199 
30–59 days past due— — — — — 3 2 — 5 
90 or more days past due— — — — — 6 2 2 10 
Total Mortgage — Legacy— — — — — 59 137 18 214 
Total consumer mortgage34 149 2,160 10,273 1,821 3,849 137 18 18,441 
Consumer other
Credit Card
Current— — — — — — 1,808 — 1,808 
30–59 days past due— — — — — — 33 — 33 
60–89 days past due— — — — — — 30 — 30 
90 or more days past due— — — — — — 91 — 91 
Total Credit Card— — — — — — 1,962 — 1,962 
Total consumer other— — — — — — 1,962 — 1,962 
Total consumer$8,592 $28,787 $24,962 $23,844 $7,399 $8,268 $2,099 $18 $103,969 
(a)Certain consumer automotive loans are included in fair value hedging relationships. The amortized cost excludes a liability of $160 million related to basis adjustments for loans in closed portfolios with active hedges under the portfolio layer method at March 31, 2024. These basis adjustments would be allocated to the amortized cost of specific loans within the pool if the hedge was dedesignated. Refer to Note 19 for additional information.
Origination yearRevolving loans converted to term
December 31, 2023 ($ in millions)
202320222021202020192018 and priorRevolving loansTotal
Consumer automotive
Current$30,677 $23,699 $14,209 $6,132 $3,306 $1,876 $— $— $79,899 
30–59 days past due539 1,041 739 270 181 122 — — 2,892 
60–89 days past due170 443 303 109 68 45 — — 1,138 
90 or more days past due64 167 122 44 32 28 — — 457 
Total consumer automotive (a)31,450 25,350 15,373 6,555 3,587 2,071 — — 84,386 
Consumer mortgage
Mortgage Finance
Current152 2,170 10,374 1,836 747 3,073 — — 18,352 
30–59 days past due1 8 14 3 3 20 — — 49 
60–89 days past due— 2 4 3 — 5 — — 14 
90 or more days past due— 1 4 1 2 19 — — 27 
Total Mortgage Finance153 2,181 10,396 1,843 752 3,117 — — 18,442 
Mortgage — Legacy
Current— — — — — 51 142 17 210 
30–59 days past due— — — — — 3 — 1 4 
60–89 days past due— — — — — 1 1 — 2 
90 or more days past due— — — — — 6 2 1 9 
Total Mortgage — Legacy— — — — — 61 145 19 225 
Total consumer mortgage153 2,181 10,396 1,843 752 3,178 145 19 18,667 
Consumer other
Credit Card
Current— — — — — — 1,828 — 1,828 
30–59 days past due— — — — — — 39 — 39 
60–89 days past due— — — — — — 34 — 34 
90 or more days past due— — — — — — 89 — 89 
Total Credit Card— — — — — — 1,990 — 1,990 
Total consumer other (b)— — — — — — 1,990 — 1,990 
Total consumer$31,603 $27,531 $25,769 $8,398 $4,339 $5,249 $2,135 $19 $105,043 
(a)Certain consumer automotive loans are included in fair value hedging relationships. The amortized cost excludes a liability of $66 million related to basis adjustments for loans in closed portfolios with active hedges under the portfolio layer method at December 31, 2023. These basis adjustments would be allocated to the amortized cost of specific loans within the pool if the hedge was dedesignated. Refer to Note 19 for additional information.
(b)Excludes Personal Lending finance receivables and loans, which were transferred to loans held-for-sale, and were included in assets of operations held-for-sale on our Condensed Consolidated Balance Sheet at December 31, 2023. We closed the sale of Ally Lending during the three months ended March 31, 2024. Refer to Note 2 for additional information.
We evaluate the credit quality of our commercial loan portfolio using regulatory risk ratings, which are based on relevant information about the borrower’s financial condition, including current financial information, historical payment experience, credit documentation, and current economic trends, among other factors. We use the following definitions for risk ratings below Pass.
•Special mention — Loans that have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or the institution’s credit position at some future date.
•Substandard — Loans that are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. These loans have a well-defined weakness or weakness that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected.
•Doubtful — Loans that have all the weaknesses inherent in those classified as substandard, with the additional characteristic that the weaknesses make collection or liquidation in full, based on the basis of currently existing facts, conditions, and values, highly questionable and improbable.
•Loss — Loans that are considered uncollectible and of such little value that their continuance as bankable assets is not warranted. This classification does not mean that the asset has absolutely no recovery or salvage value, but rather that it is not practical or desirable to defer writing off this basically worthless asset even though partial recovery may be effected in the future.
The regulatory risk classification utilized is influenced by internal credit risk ratings, which are based on a variety of factors. A borrower’s internal credit risk rating is updated at least annually, and more frequently when a borrower’s credit profile changes, including when we become aware of potential credit deterioration. The following tables present the amortized cost basis of our commercial finance receivables and loans by credit quality indicator based on risk rating and origination year.
Origination yearRevolving loans converted to term
March 31, 2024 ($ in millions)
202420232022202120202019 and priorRevolving loansTotal
Commercial
Commercial and industrial
Automotive
Pass$197 $470 $481 $152 $89 $71 $16,790 $— $18,250 
Special mention1 5 7 29 1 13 760 — 816 
Substandard— — — — — — 39 — 39 
Doubtful— — — — — 1 57 — 58 
Total automotive198 475 488 181 90 85 17,646 — 19,163 
Other
Pass87 300 588 310 242 378 5,538 182 7,625 
Special mention— — 227 218 181 153 193 28 1,000 
Substandard— 27 — 45 57 83 26 11 249 
Doubtful— — — — — 26 10 — 36 
Loss— — — — — 1 — — 1 
Total other87 327 815 573 480 641 5,767 221 8,911 
Commercial real estate
Pass172 1,037 1,445 1,115 865 1,337 — 30 6,001 
Special mention— 8 18 27 5 17 — — 75 
Substandard— — — — — 1 — — 1 
Total commercial real estate172 1,045 1,463 1,142 870 1,355 — 30 6,077 
Total commercial$457 $1,847 $2,766 $1,896 $1,440 $2,081 $23,413 $251 $34,151 
Origination yearRevolving loans converted to term
December 31, 2023 ($ in millions)
202320222021202020192018 and priorRevolving loansTotal
Commercial
Commercial and industrial
Automotive
Pass$509 $512 $165 $97 $58 $22 $16,446 $— $17,809 
Special mention6 7 30 1 1 14 723 — 782 
Substandard— 1 — — — — 44 — 45 
Doubtful— — — — — 1 63 — 64 
Total automotive515 520 195 98 59 37 17,276 — 18,700 
Other
Pass331 646 343 405 266 180 6,202 173 8,546 
Special mention— 208 188 206 51 85 198 25 961 
Substandard— — 46 3 — 83 25 11 168 
Doubtful— — — — — 26 10 — 36 
Loss— — — — 1 — — — 1 
Total other331 854 577 614 318 374 6,435 209 9,712 
Commercial real estate
Pass971 1,452 1,129 884 607 811 100 26 5,980 
Special mention3 16 28 1 18 — — — 66 
Substandard— 3 — — — 1 — — 4 
Total commercial real estate974 1,471 1,157 885 625 812 100 26 6,050 
Total commercial$1,820 $2,845 $1,929 $1,597 $1,002 $1,223 $23,811 $235 $34,462 
The following table presents an analysis of our past-due commercial finance receivables and loans recorded at amortized cost basis.
($ in millions)30–59 days past due60–89 days past due90 days or more past dueTotal past dueCurrentTotal finance receivables and loans
March 31, 2024
Commercial
Commercial and industrial
Automotive$4 $— $— $4 $19,159 $19,163 
Other— — — — 8,911 8,911 
Commercial real estate— — — — 6,077 6,077 
Total commercial$4 $— $— $4 $34,147 $34,151 
December 31, 2023
Commercial
Commercial and industrial
Automotive$— $— $— $— $18,700 $18,700 
Other2 — 3 5 9,707 9,712 
Commercial real estate— — — — 6,050 6,050 
Total commercial$2 $— $3 $5 $34,457 $34,462 
The following tables present gross charge-offs of our finance receivables and loans for each portfolio class by origination year during the three months ended March 31, 2024, and during the year ended December 31, 2023, respectively. Refer to Note 1 to the Consolidated Financial Statements in our 2023 Annual Report on Form 10-K for additional information on our charge-off policy.
Origination yearRevolving loans converted to term
March 31, 2024 ($ in millions)
202420232022202120202019 and priorRevolving loansTotal
Consumer automotive (a)$1 $182 $263 $152 $41 $49 $— $— $688 
Consumer mortgage
Mortgage Finance— — — 1 — — — — 1 
Total consumer mortgage— — — 1 — — — — 1 
Consumer other
Credit Card— — — — — — 64 4 68 
Total consumer other— — — — — — 64 4 68 
Total consumer1 182 263 153 41 49 64 4 757 
Commercial
Commercial and industrial
Automotive— — — — — — 1 — 1 
Total commercial— — — — — — 1 — 1 
Total finance receivables and loans$1 $182 $263 $153 $41 $49 $65 $4 $758 
(a)Excludes $5 million of write-downs from transfers to held-for-sale from the completion of a retail securitization transaction during the three months ended March 31, 2024, resulting in the deconsolidation of the assets and liabilities from our Condensed Consolidated Balance Sheet. Refer to Note 10 for additional information.
Origination yearRevolving loans converted to term
December 31, 2023
($ in millions)
202320222021202020192018 and priorRevolving loansTotal
Consumer automotive (a)$225 $952 $651 $194 $142 $120 $— $— $2,284 
Consumer mortgage
Mortgage Finance— — — — — 1 — — 1 
Mortgage — Legacy— — — — — 2 — — 2 
Total consumer mortgage— — — — — 3 — — 3 
Consumer other
Personal Lending (b)14 82 29 3 — — — — 128 
Credit Card— — — — — — 165 10 175 
Total consumer other14 82 29 3 — — 165 10 303 
Total consumer239 1,034 680 197 142 123 165 10 2,590 
Commercial
Commercial and industrial
Automotive— — — — — 5 19 — 24 
Other— — — — 79 23 4 — 106 
Total commercial— — — — 79 28 23 — 130 
Total finance receivables and loans$239 $1,034 $680 $197 $221 $151 $188 $10 $2,720 
(a)Excludes $41 million of write-downs from transfers to held-for-sale from the sales of retained interests related to securitizations during 2023, resulting in the deconsolidation of the assets and liabilities from our Condensed Consolidated Balance Sheet. Refer to Note 11 to the Consolidated Financial Statements in our 2023 Annual Report on Form 10-K for additional information.
(b)Excludes $174 million of write-downs from the transfer to held-for-sale related to Personal Lending. Refer to Note 2 for additional information.
Loan Modifications
The following tables present the amortized cost basis of loans that were modified subsequent to origination during the three months ended March 31, 2024, and 2023, respectively, for each portfolio segment, by modification type. For additional information on loan modification types in scope of this disclosure, refer to Note 1 to the Consolidated Financial Statements in our 2023 Annual Report on Form 10-K. The below tables exclude consumer mortgage finance receivables and loans currently enrolled in a trial modification program. Trial modifications generally represent a three-month period during which the borrower makes monthly payments under the anticipated modified payment terms. If the borrower successfully completes the trial loan modification program, the contractual terms of the loan are updated and the modification is considered permanent. As of March 31, 2024, and December 31, 2023, there were $2 million and $5 million of consumer mortgage finance receivables and loans in a trial modification program, respectively.
Payment extensions
Three months ended March 31, 2024
($ in millions)
Payment deferralsContractual maturity extensionsPrincipal forgivenessInterest rate concessionsCombinationTotal (a)
Consumer automotive$— $99 $1 $— $— $100 
Consumer mortgage
Mortgage — Legacy— — — — 1 1 
Total consumer mortgage— — — — 1 1 
Consumer other
Credit Card— — — 6 — 6 
Total consumer other— — — 6 — 6 
Total consumer— 99 1 6 1 107 
Commercial
Commercial and industrial
Automotive— — — 4 — 4 
Other— 129 — — — 129 
Total commercial— 129 — 4 — 133 
Total finance receivables and loans$— $228 $1 $10 $1 $240 
(a)Represents 0.2% of total finance receivables and loans outstanding as of March 31, 2024.
Payment extensions
Three months ended March 31, 2023
($ in millions)
Payment deferralsContractual maturity extensionsPrincipal forgivenessInterest rate concessionsCombinationTotal (a)
Consumer automotive$— $14 $2 $— $39 $55 
Consumer mortgage
Mortgage Finance— 2 — — 2 4 
Total consumer mortgage— 2 — — 2 4 
Consumer other
Credit Card— — — 3 — 3 
Total consumer other— — — 3 — 3 
Total consumer— 16 2 3 41 62 
Commercial
Commercial and industrial
Other62 7 — — — 69 
Total commercial62 7 — — — 69 
Total finance receivables and loans$62 $23 $2 $3 $41 $131 
(a)Represents 0.1% of total finance receivables and loans outstanding as of March 31, 2023.
The following tables present the financial effect of loan modifications that occurred during the three months ended March 31, 2024, and 2023, respectively.
Payment extensions (a)Principal forgivenessInterest rate concessions (a)Combination (a) (b)
Three months ended
March 31, 2024
($ in millions)
Number of months extended/deferredAmount forgivenInitial rateRevised rateRemaining termRevised remaining termInitial rateRevised rate
Consumer automotive29$— — %— %——— %— %
Consumer mortgage
Mortgage — Legacy—— — — 3554803.5 3.4 
Total consumer mortgage—— — — 3554803.5 3.4 
Consumer other
Credit Card—— 30.5 10.1 ——— — 
Total consumer other—$— 30.5 10.1 ——— — 
Commercial
Commercial and industrial
Automotive—$— 12.9 %11.5 %——— %— %
Other41— — — ——— — 
Total commercial41$— 12.9 11.5 ——— — 
(a)Calculated using a weighted-average balance for each portfolio class.
(b)Term is presented in number of months.
Payment extensions (a)Principal forgivenessInterest rate concessions (a)Combination (a) (b)
Three months ended
March 31, 2023
($ in millions)
Number of months extended/deferredAmount forgivenInitial rateRevised rateRemaining termRevised remaining termInitial rateRevised rate
Consumer automotive26$1 — %— %748510.4 %9.7 %
Consumer mortgage
Mortgage Finance159— — — 3144674.9 3.9 
Total consumer mortgage159— — — 3144674.9 3.9 
Consumer other
Credit Card—— 29.6 10.6 ——— — 
Total consumer other—$— 29.6 10.6 ——— — 
Commercial
Commercial and industrial
Other12$— — %— %——— %— %
Total commercial12$— — — ——— — 
(a)Calculated using a weighted-average balance for each portfolio class.
(b)Term is presented in number of months.
The following tables present the subsequent performance of loans recorded at amortized cost, by portfolio segment and credit quality indicator, that were modified within the 12 months prior to March 31, 2024.
March 31, 2024 ($ in millions)
Current30–59 days past due60–89 days past due90 or more days past dueTotal
Consumer automotive
Contractual maturity extensions$253 $38 $10 $2 $303 
Principal forgiveness6 1 — 5 12 
Total consumer automotive259 39 10 7 315 
Consumer mortgage
Mortgage Finance
Contractual maturity extensions1 — — — 1 
Combination1 — — — 1 
Total Mortgage Finance2 — — — 2 
Mortgage — Legacy
Contractual maturity extensions1 — — — 1 
Combination1 — — — 1 
Total Mortgage — Legacy2 — — — 2 
Total consumer mortgage4 — — — 4 
Consumer other
Credit Card
Interest rate concessions9 1 1 3 14 
Total consumer other9 1 1 3 14 
Total consumer$272 $40 $11 $10 $333 
March 31, 2024 ($ in millions)
PassSpecial mentionSubstandardDoubtfulTotal
Commercial and industrial
Automotive
Interest rate concessions$— $— $4 $— $4 
Other
Contractual maturity extensions107 — 60 — 167 
Total commercial$107 $— $64 $— $171 
As of March 31, 2024, 481 consumer automotive loans with a total amortized cost of $11 million redefaulted within 12 months of modification.
The following tables present the subsequent performance of loans recorded at amortized cost, by portfolio segment and credit quality indicator, that were modified during the three months ended March 31, 2023.
March 31, 2023 ($ in millions)
Current30–59 days past due60–89 days past due90 or more days past dueTotal
Consumer automotive
Contractual maturity extensions$13 $1 $— $— $14 
Principal forgiveness— — — 2 2 
Combination37 2 — — 39 
Total consumer automotive50 3 — 2 55 
Consumer mortgage
Mortgage Finance
Contractual maturity extensions2 — — — 2 
Combination— — 2 — 2 
Total Mortgage Finance2 — 2 — 4 
Total consumer mortgage2 — 2 — 4 
Consumer other
Credit Card
Interest rate concessions1 1 — 1 3 
Total consumer other1 1 — 1 3 
Total consumer$53 $4 $2 $3 $62 
March 31, 2023 ($ in millions)
Special mentionSubstandardDoubtfulTotal
Commercial and industrial
Other
Payment deferrals$— $34 $28 $62 
Contractual maturity extensions7 — — 7 
Total commercial$7 $34 $28 $69 
During the three months ended March 31, 2023, 12 consumer automotive loans with a total amortized cost of $1 million redefaulted.