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LOANS TO FINANCIAL ADVISORS, NET (Tables)
 9 Months Ended
Jun. 30, 2022
Receivables [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable
The following table presents the balances for both the held for sale and held for investment loan portfolios, as well as the associated percentage of each portfolio segment in our bank loan portfolio.
 June 30, 2022September 30, 2021
$ in millionsBalance%Balance%
C&I loans$10,897 26 %$8,440 33 %
CRE loans6,354 15 %2,872 11 %
REIT loans1,416 3 %1,112 5 %
Tax-exempt loans1,347 3 %1,321 5 %
Residential mortgage loans6,728 16 %5,318 21 %
SBL and other15,312 36 %6,106 24 %
Total loans held for investment42,054 99 %25,169 99 %
Held for sale loans166 1 %145 1 %
Total loans held for sale and investment42,220 100 %25,314 100 %
Allowance for credit losses(377) (320) 
Bank loans, net (1)
$41,843  $24,994  
Accrued interest receivable on bank loans$99 $48 

(1) Bank loans as of June 30, 2022 are presented net of $131 million of net unamortized discounts, unearned income, and deferred loan fees and costs. This amount primarily arose from the purchase discounts on bank loans acquired in the TriState Capital acquisition. See Note 3 for further information. Bank loans as of September 30, 2021 are presented net of $1 million of unearned income and deferred loan fees and costs.
The following table presents the balances for our loans to financial advisors and the related accrued interest receivable.
$ in millionsJune 30, 2022September 30, 2021
Currently affiliated with the firm (1)
$1,147 $1,074 
No longer affiliated with the firm (2)
7 10 
Total loans to financial advisors1,154 1,084 
Allowance for credit losses(29)(27)
Loans to financial advisors, net$1,125 $1,057 
Accrued interest receivable on loans to financial advisors$5 $4 
Allowance for credit losses as a percent of the loan portfolio
2.51 %2.49 %

(1) These loans were predominantly current.
(2) These loans were predominantly past due for a period of 180 days or more.