Loans (Tables)

12 Months Ended

Dec. 31, 2022

Receivables [Abstract]

Loan Portfolio Composition and Aging Analysis

The table below presents the composition and aging analysis of our loans held for investment portfolio as of December 31, 2022 and 2021. The delinquency aging includes all past due loans, both performing and nonperforming.Table 3.1: Loan Portfolio Composition and Aging Analysis

	December 31, 2022
			Delinquent Loans
(Dollars in millions)	Current		30-59 Days		60-89 Days		> 90 Days		Total Delinquent Loans		Total Loans
Credit Card:
Domestic credit card	$	127,066	$	1,405	$	975	$	2,135	$	4,515	$	131,581
International card businesses	5,895		86		58		110		254		6,149
Total credit card	132,961		1,491		1,033		2,245		4,769		137,730
Consumer Banking:
Auto	73,467		3,101		1,418		387		4,906		78,373
Retail banking	1,518		13		4		17		34		1,552
Total consumer banking	74,985		3,114		1,422		404		4,940		79,925
Commercial Banking:
Commercial and multifamily real estate	37,417		0		1		35		36		37,453
Commercial and industrial	56,942		61		55		165		281		57,223
Total commercial banking	94,359		61		56		200		317		94,676
Total loans(1)	$	302,305	$	4,666	$	2,511	$	2,849	$	10,026	$	312,331
% of Total loans	96.79%		1.50%		0.80%		0.91%		3.21%		100.00%

    

	December 31, 2021
			Delinquent Loans
(Dollars in millions)	Current		30-59 Days		60-89 Days		> 90 Days		Total Delinquent Loans		Total Loans
Credit Card:
Domestic credit card	$	106,312	$	773	$	528	$	1,110	$	2,411	$	108,723
International card businesses	5,836		77		50		86		213		6,049
Total credit card	112,148		850		578		1,196		2,624		114,772
Consumer Banking:
Auto	72,221		2,385		933		240		3,558		75,779
Retail banking	1,807		35		7		18		60		1,867
Total consumer banking	74,028		2,420		940		258		3,618		77,646

	December 31, 2021
			Delinquent Loans
(Dollars in millions)	Current		30-59 Days		60-89 Days		> 90 Days		Total Delinquent Loans		Total Loans
Commercial Banking:
Commercial and multifamily real estate	35,100		92		35		35		162		35,262
Commercial and industrial	49,379		139		103		39		281		49,660
Total commercial banking	84,479		231		138		74		443		84,922
Total loans(1)	$	270,655	$	3,501	$	1,656	$	1,528	$	6,685	$	277,340
% of Total loans	97.59%		1.26%		0.60%		0.55%		2.41%		100.00%

__________

(1)Loans include unamortized premiums, discounts, and deferred fees and costs totaling $1.4 billion as of both December 31, 2022 and 2021.

90 Plus Day Delinquent Loans Accruing Interest and Nonperforming Loans

The following table presents our loans held for investment that are 90 days or more past due that continue to accrue interest, loans that are classified as nonperforming and loans that are classified as nonperforming without an allowance as of December 31, 2022 and 2021. Nonperforming loans generally include loans that have been placed on nonaccrual status.

Table 3.2: 90+ Day Delinquent Loans Accruing Interest and Nonperforming Loans

	December 31, 2022									December 31, 2021
(Dollars in millions)	> 90 Days and Accruing			Nonperforming Loans(1)			Nonperforming  Loans Without an Allowance			> 90 Days and Accruing			Nonperforming Loans(1)			Nonperforming  Loans Without an Allowance
Credit Card:
Domestic credit card	$	2,135		N/A			$	0		$	1,110		N/A			$	0
International card businesses	105			$	9		0			82			$	10		0
Total credit card	2,240			9			0			1,192			10			0
Consumer Banking:
Auto	0			595			0			0			344			0
Retail banking	0			39			8			0			47			4
Total consumer banking	0			634			8			0			391			4
Commercial Banking:
Commercial and multifamily real estate	0			271			246			3			383			268
Commercial and industrial	0			430			294			0			316			257
Total commercial banking	0			701			540			3			699			525
Total	$	2,240		$	1,344		$	548		$	1,195		$	1,100		$	529
% of Total loans held for investment	0.72		%	0.43		%	0.18		%	0.43		%	0.40		%	0.19		%

__________

(1)We recognized interest income for loans classified as nonperforming of $66 million and $43 million for the years ended December 31, 2022 and 2021 respectively

Financing Receivable, Allowance for Credit Loss [Line Items]

TDR Disclosures

The following tables present the major modification types, amortized cost amounts and financial effects of loans modified in a TDR during the years ended December 31, 2022, 2021 and 2020.

Table 3.6: Troubled Debt Restructurings

			Year Ended December 31, 2022
			Reduced Interest Rate				Term Extension
(Dollars in millions)	Total Loans Modified(1)		% of TDR Activity(2)		Average Rate Reduction		% of TDR Activity(2)		Average Term Extension (Months)
Credit Card:
Domestic credit card	$	306	100	%	16.54	%	N/A		N/A
International card businesses	127		100		27.42		N/A		N/A
Total credit card	433		100		19.73		N/A		N/A
Consumer Banking:
Auto	1,070		57		8.53		97	%	4
Retail banking	7		N/A		N/A		92		13
Total consumer banking	1,077		57		8.53		97		4
Commercial Banking:
Commercial and multifamily real estate	385		8		0.28		84		13
Commercial and industrial	357		N/A		N/A		64		13
Total commercial banking	742		4		0.28		74		13
Total	$	2,252

			Year Ended December 31, 2021
			Reduced Interest Rate				Term Extension			Balance Reduction
(Dollars in millions)	Total Loans Modified(1)		% of TDR Activity(2)		Average Rate Reduction		% of TDR Activity(2)		Average Term Extension (Months)	% of TDR Activity(2)		Gross Balance Reduction
Credit Card:
Domestic credit card	$	154	100	%	15.90	%	N/A		N/A	N/A		N/A
International card businesses	123		100		27.70		N/A		N/A	N/A		N/A
Total credit card	277		100		21.15		N/A		N/A	N/A		N/A
Consumer Banking:
Auto	371		43		8.72		93	%	4	0	%	$	1
Retail banking	3		13		2.94		30		42	N/A		N/A
Total consumer banking	374		42		8.70		93		4	0		1
Commercial Banking:
Commercial and multifamily real estate	49		21		1.19		85		11	N/A		N/A
Commercial and industrial	112		N/A		N/A		30		6	N/A		N/A
Total commercial banking	161		6		1.19		46		9	N/A		N/A
Total	$	812

			Year Ended December 31, 2020
			Reduced Interest Rate				Term Extension			Balance Reduction
(Dollars in millions)	Total Loans Modified(1)		% of TDR Activity(2)		Average Rate Reduction		% of TDR Activity(2)		Average Term Extension (Months)	% of TDR Activity(2)		Gross Balance Reduction
Credit Card:
Domestic credit card	$	243	100	%	15.94	%	N/A		N/A	N/A		N/A
International card businesses	168		100		27.38		N/A		N/A	N/A		N/A
Total credit card	411		100		20.61		N/A		N/A	N/A		N/A
Consumer Banking:
Auto	536		11		5.68		95	%	3	0	%	$	1
Retail banking	5		11		10.86		20		8	N/A		N/A
Total consumer banking	541		11		5.73		94		3	0		1
Commercial Banking:
Commercial and multifamily real estate	98		N/A		N/A		86		5	N/A		N/A
Commercial and industrial	439		4		0.14		52		21	4		7
Total commercial banking	537		3		0.14		58		17	3		7
Total	$	1,489

__________

(1)Represents the amortized cost of total loans modified in TDR at the end of the period in which they were modified. As not every modification type is included in the table above, the total percentage of TDR activity may not add up to 100%. Some loans may receive more than one type of modification.

(2)Due to multiple modification types granted to some troubled borrowers, percentages may total more than 100% for certain loan types.

The following table presents the type, number and amortized cost of loans modified in a TDR that experienced a default during the period and had completed a modification event in the twelve months prior to the default. A default occurs if the loan is either 90 days or more delinquent, has been charged off as of the end of the period presented or has been reclassified from accrual to nonaccrual status.

Table 3.7: TDR—Subsequent Defaults

	Year Ended December 31,
	2022			2021			2020
(Dollars in millions)	Number of Contracts	Amount		Number of Contracts	Amount		Number of Contracts	Amount
Credit Card:
Domestic credit card	37,029	$	75	18,694	$	35	32,639	$	69
International card businesses	74,432	79		58,914	87		58,363	87
Total credit card	111,461	154		77,608	122		91,002	156
Consumer Banking:
Auto	16,100	285		8,847	136		5,877	77
Retail banking	1	1		9	0		10	1
Total consumer banking	16,101	286		8,856	136		5,887	78
Commercial Banking:
Commercial and multifamily real estate	2	27		1	50		1	50
Commercial and industrial	5	56		7	120		15	130
Total commercial banking	7	83		8	170		16	180
Total	127,569	$	523	86,472	$	428	96,905	$	414

Credit Card

Financing Receivable, Allowance for Credit Loss [Line Items]

Credit Quality Indicator

The table below presents our credit card portfolio by delinquency status as of December 31, 2022 and 2021.

Table 3.3: Credit Card Delinquency Status

	December 31, 2022						December 31, 2021
(Dollars in millions)	Revolving Loans		Revolving Loans Converted to Term		Total		Revolving Loans		Revolving Loans Converted to Term		Total
Credit Card:
Domestic credit card:
Current	$	126,811	$	255	$	127,066	$	105,985	$	327	$	106,312
30-59 days	1,388		17		1,405		760		13		773
60-89 days	964		11		975		519		9		528
Greater than 90 days	2,121		14		2,135		1,100		10		1,110
Total domestic credit card	131,284		297		131,581		108,364		359		108,723
International card businesses:
Current	5,866		29		5,895		5,795		41		5,836
30-59 days	83		3		86		73		4		77
60-89 days	55		3		58		47		3		50
Greater than 90 days	106		4		110		82		4		86
Total international card businesses	6,110		39		6,149		5,997		52		6,049
Total credit card	$	137,394	$	336	$	137,730	$	114,361	$	411	$	114,772

Consumer Banking

Financing Receivable, Allowance for Credit Loss [Line Items]

Credit Quality Indicator

The table below presents our consumer banking portfolio of loans held for investment by credit quality indicator as of December 31, 2022 and 2021. We present our auto loan portfolio by FICO scores at origination and our retail banking loan portfolio by delinquency status, which includes all past due loans, both performing and nonperforming.

Table 3.4: Consumer Banking Portfolio by Credit Quality Indicator

	December 31, 2022
	Term Loans by Vintage Year
(Dollars in millions)	2022		2021		2020		2019		2018		Prior		Total Term Loans		Revolving Loans		Revolving Loans Converted to Term		Total
Auto—At origination FICO scores:(1)
Greater than 660	$	17,872	$	14,246	$	5,354	$	2,595	$	1,032	$	328	$	41,427	$	0	$	0	$	41,427
621-660	6,212		5,060		2,257		1,167		513		185		15,394		0		0		15,394
620 or below	7,717		6,501		3,898		2,144		914		378		21,552		0		0		21,552
Total auto	31,801		25,807		11,509		5,906		2,459		891		78,373		0		0		78,373
Retail banking—Delinquency status:
Current	166		128		82		133		127		470		1,106		408		4		1,518
30-59 days	2		1		0		0		0		2		5		8		0		13
60-89 days	0		1		0		0		0		1		2		2		0		4
Greater than 90 days	0		0		0		0		3		8		11		4		2		17
Total retail banking	168		130		82		133		130		481		1,124		422		6		1,552
Total consumer banking	$	31,969	$	25,937	$	11,591	$	6,039	$	2,589	$	1,372	$	79,497	$	422	$	6	$	79,925

	December 31, 2021
	Term Loans by Vintage Year
(Dollars in millions)	2021		2020		2019		2018		2017		Prior		Total Term Loans		Revolving Loans		Revolving Loans Converted to Term		Total
Auto—At origination FICO scores:(1)
Greater than 660	$	20,758	$	8,630	$	4,739	$	2,394	$	1,153	$	301	$	37,975	$	0	$	0	$	37,975
621-660	7,456		3,721		2,109		1,084		537		157		15,064		0		0		15,064
620 or below	9,522		6,336		3,767		1,840		949		326		22,740		0		0		22,740
Total auto	37,736		18,687		10,615		5,318		2,639		784		75,779		0		0		75,779
Retail banking—Delinquency status:
Current	285		171		172		161		176		491		1,456		345		6		1,807
30-59 days	0		2		2		7		0		1		12		23		0		35
60-89 days	0		4		0		0		0		2		6		1		0		7
Greater than 90 days	0		1		0		1		1		9		12		4		2		18
Total retail banking	285		178		174		169		177		503		1,486		373		8		1,867

	December 31, 2021
	Term Loans by Vintage Year
(Dollars in millions)	2021		2020		2019		2018		2017		Prior		Total Term Loans		Revolving Loans		Revolving Loans Converted to Term		Total
Total consumer banking	$	38,021	$	18,865	$	10,789	$	5,487	$	2,816	$	1,287	$	77,265	$	373	$	8	$	77,646

__________

(1)Amounts represent period-end loans held for investment in each credit score category. Auto credit scores generally represent average FICO scores obtained from three credit bureaus at the time of application and are not refreshed thereafter. Balances for which no credit score is available or the credit score is invalid are included in the 620 or below category.

Commercial Banking

Financing Receivable, Allowance for Credit Loss [Line Items]

Credit Quality Indicator

The following table presents our commercial banking portfolio of loans held for investment by internal risk ratings as of December 31, 2022 and 2021. The internal risk rating status includes all past due loans, both performing and nonperforming.

Table 3.5: Commercial Banking Portfolio by Internal Risk Ratings

	December 31, 2022
	Term Loans by Vintage Year
(Dollars in millions)	2022		2021		2020		2019		2018		Prior		Total Term Loans		Revolving Loans		Revolving Loans Converted to Term		Total
Internal risk rating:(1)
Commercial and multifamily real estate
Noncriticized	$	9,527	$	4,086	$	1,161	$	1,671	$	1,280	$	2,898	$	20,623	$	13,254	$	25	$	33,902
Criticized performing	814		376		202		412		302		1,061		3,167		113		0		3,280
Criticized nonperforming	101		22		0		13		19		116		271		0		0		271
Total commercial and multifamily real estate	10,442		4,484		1,363		2,096		1,601		4,075		24,061		13,367		25		37,453
Commercial and industrial
Noncriticized	22,105		6,031		2,934		1,809		973		2,658		36,510		17,187		21		53,718
Criticized performing	992		560		156		160		167		76		2,111		964		0		3,075
Criticized nonperforming	196		21		5		87		40		5		354		76		0		430
Total commercial and industrial	23,293		6,612		3,095		2,056		1,180		2,739		38,975		18,227		21		57,223
Total commercial banking	$	33,735	$	11,096	$	4,458	$	4,152	$	2,781	$	6,814	$	63,036	$	31,594	$	46	$	94,676

	December 31, 2021
	Term Loans by Vintage Year
(Dollars in millions)	2021		2020		2019		2018		2017		Prior		Total Term Loans		Revolving Loans		Revolving Loans Converted to Term		Total
Internal risk rating:(1)
Commercial and multifamily real estate
Noncriticized	$	6,590	$	2,924	$	3,393	$	2,401	$	793	$	3,538	$	19,639	$	12,286	$	0	$	31,925
Criticized performing	248		195		329		317		261		1,478		2,828		101		25		2,954
Criticized nonperforming	0		0		88		20		9		266		383		0		0		383
Total commercial and multifamily real estate	6,838		3,119		3,810		2,738		1,063		5,282		22,850		12,387		25		35,262
Commercial and industrial
Noncriticized	12,662		7,039		5,506		2,750		1,730		3,033		32,720		14,310		59		47,089
Criticized performing	279		188		838		207		120		167		1,799		456		0		2,255
Criticized nonperforming	32		52		85		93		6		10		278		38		0		316
Total commercial and industrial	12,973		7,279		6,429		3,050		1,856		3,210		34,797		14,804		59		49,660
Total commercial banking	$	19,811	$	10,398	$	10,239	$	5,788	$	2,919	$	8,492	$	57,647	$	27,191	$	84	$	84,922

__________

(1)Criticized exposures correspond to the “Special Mention,” “Substandard” and “Doubtful” asset categories defined by bank regulatory authorities.