v3.26.1
Allowance for Credit Losses
 3 Months Ended
Mar. 31, 2026
Receivables [Abstract]  
Allowance for Credit Losses Allowance for Credit Losses
The ACL represents management's estimate of expected lifetime credit losses for financial assets measured at amortized costs, including loans and leases and unfunded commitments. For a description of the Company's ACL methodology and significant assumptions, refer to Note 1 – Summary of Significant Accounting Policies included in the Company's Annual Report on Form 10-K for the year ended December 31, 2025.

At March 31, 2026, the ACL was $478 million, a decrease of $7 million from the December 31, 2025 balance of $485 million. The change in the ACL primarily reflects credit migration trends and changes in the economic assumptions incorporated into the Company's credit loss models. The Company estimates expected credit losses using internally developed models that project PD and LGD for loans and leases, incorporating forecasted economic conditions and relevant macroeconomic variables. Management evaluates multiple economic scenarios at each measurement date and selects the scenario determined to be most probable based on current economic conditions. Forecast assumptions are updated periodically and incorporated into the ACL calculation. Changes in projected macroeconomic variables over the forecast period may materially impact the ACL, with uncertainty increasing over longer projection horizons.

The Bank opted to use Moody's Analytics' February 2026 consensus economic forecast for estimating the ACL as of March 31, 2026. The forecast used to calculate the ACL as of March 31, 2026 is projecting higher GDP growth, higher unemployment rates, and average federal funds rates trending lower. This is compared to the December 31, 2025 ACL calculation, which used Moody’s Analytics’ November 2025 consensus economic forecast to forecast the variables used in the models.

In the consensus scenario, the probability that the economy will perform better than this consensus is equal to the probability that it will perform worse and includes the following variables:
2026202720282029
U.S. real GDP average annualized growth2.8 %2.0 %2.0 %2.0 %
U.S. unemployment rate average4.5 %4.3 %4.2 %4.1 %
Forecasted average federal funds rate3.4 %3.2 %3.3 %3.2 %

The Bank uses an additional scenario with the same economic variables, but with varying severity, to assess ACL sensitivity and inform qualitative adjustments. For this analysis, the Bank selected Moody's Analytics' February 2026 S2 scenario (the "S2 Scenario"), which predicts a 75% probability of better economic performance and a 25% probability of worse performance. The S2 Scenario includes the following variables:
2026202720282029
U.S. real GDP average annualized growth1.6 %0.5 %2.4 %2.5 %
U.S. unemployment rate average5.9 %6.6 %4.6 %4.5 %
Forecasted average federal funds rate3.1 %2.2 %2.2 %3.1 %

Management reviewed the results derived from the economic scenarios and subsequent changes in macroeconomic variables for sensitivity analysis, considering these factors when evaluating qualitative adjustments. Along with the quantitative factors produced by the above models, management also considers prepayment speeds and qualitative factors when determining the ACL. As of March 31, 2026, the Company evaluated qualitative factors and applied a net upward adjustment to the quantitative results for the ACL, which is directionally consistent with the adjustments made as of December 31, 2025. These overlays primarily focus on the change in economic environment that occurred between the selection of the Moody’s Analytics February 2026 consensus forecast and March 31, 2026. This approach utilizes the Moody’s Analytics S2 scenario forecast to account for the impact of additional negative factors that occurred between the selected forecast and the as of date of the financial statements. This is intended to provide an allowance estimate incorporating the most current economic environment data available to management. This approach helps ensure that the allowance remains appropriately resilient and responsive to emerging risks, thereby supporting the resilience of the Bank's credit portfolio. By incorporating these targeted overlays, we aim to enhance the accuracy and robustness of our risk management strategy, providing a more comprehensive and adaptive approach to potential economic shifts.

Management believes that the ACL was adequate as of March 31, 2026. There is, however, no assurance that future loan losses will not exceed the levels provided for in the ACL and could possibly result in additional charges to the provision for credit losses.
The following tables summarize activity related to the ACL by portfolio segment for the periods indicated:
Three Months Ended March 31, 2026
(in millions)Commercial Real EstateCommercialResidentialConsumer & OtherTotal
Allowance for credit losses on loans and leases
Balance, beginning of period$198 $226 $34 $8 $466 
Provision (recapture) for credit losses on loans and leases
14 17 (1)(2)28 
Charge-offs— (39)— (1)(40)
Recoveries— 4 — 1 5 
Net charge-offs— (35)— — (35)
Balance, end of period$212 $208 $33 $6 $459 
Reserve for unfunded commitments
Balance, beginning of period$10 $7 $1 $1 $19 
Provision (recapture) for credit losses on unfunded commitments1 (1)— — — 
Balance, end of period11 6 1 1 19 
Total allowance for credit losses$223 $214 $34 $7 $478 

Three Months Ended March 31, 2025
(in millions)Commercial Real EstateCommercialResidentialConsumer & OtherTotal
Allowance for credit losses on loans and leases
Balance, beginning of period$154 $219 $45 $7 $425 
Provision (recapture) for credit losses on loans and leases
14 24 (12)— 26 
Charge-offs— (33)(1)(1)(35)
Recoveries— 4 — 1 5 
Net charge-offs— (29)(1)— (30)
Balance, end of period$168 $214 $32 $7 $421 
Reserve for unfunded commitments
Balance, beginning of period$6 $7 $2 $1 $16 
Provision (recapture) for credit losses on unfunded commitments2 — (1)— 1 
Balance, end of period8 7 1 1 17 
Total allowance for credit losses$176 $221 $33 $8 $438 
Asset Quality and Non-Performing Loans and Leases

The Bank actively manages asset quality and controls credit risk through diversification of the loan and lease portfolio and the application of policies designed to promote sound underwriting and loan and lease monitoring practices. The Bank's Credit Quality Administration department is charged with monitoring asset quality, establishing credit policies and procedures, and enforcing the consistent application of these policies and procedures across the Bank. The Bank conducts ongoing reviews of non-performing, past due loans and leases and larger credits, designed to identify potential charges to the ACL, and to determine the adequacy of the ACL. These reviews incorporate a variety of factors, including the financial strength of borrowers, collateral valuations, loan and lease loss experience, estimated loan and lease losses, growth in the loan and lease portfolio, prevailing economic conditions, and other relevant factors.
Loans and Leases Past Due and Non-Accrual Loans and Leases

Loans are considered past due if the required principal and interest payments have not been received as of the date such payments were due. Loans are placed on non-accrual status when, in management's opinion, the borrower may be unable to meet payment obligations as they become due, as well as when required by regulatory provisions. As of March 31, 2026 and December 31, 2025, loans and leases on non-accrual status with no related ACL were $1 million and $2 million, respectively, excluding collateral-dependent loans and leases that have been written down to net realizable value without an associated ACL of $110 million and $67 million, respectively. The remaining balance of non-accrual loans are substantially covered by government guarantees. The Company recognized no interest income on non-accrual loans and leases during the three months ended March 31, 2026 and 2025.

The following tables present the carrying value of the loans and leases past due, by loan and lease class, as of the dates presented:
March 31, 2026
(in millions)Greater than 30 to 59 Days Past Due60 to 89 Days Past Due
 90 Days or More and Accruing (2)
Total Past Due
Non-Accrual (2)
Current and OtherTotal Loans and Leases
Commercial real estate
Non-owner occupied term$9 $3 $— $12 $40 $8,061 $8,113 
Owner occupied term5 12 3 20 51 7,187 7,258 
Multifamily5 6 — 11 — 10,162 10,173 
Construction & development38 — — 38 — 1,632 1,670 
Residential development— — — — — 373 373 
Commercial
Term5 6 1 12 30 6,845 6,887 
Lines of credit & other8 2 1 11 47 3,746 3,804 
Leases & equipment finance22 11 — 33 19 1,567 1,619 
Residential
Mortgage (1)
14 9 63 86 — 5,397 5,483 
Home equity loans & lines7 3 10 20 — 2,127 2,147 
Consumer & other3 — — 3 — 167 170 
Total, net of deferred fees and costs$116 $52 $78 $246 $187 $47,264 $47,697 
(1) Includes government guaranteed mortgage loans that the Bank has the right but not the obligation to repurchase that are past due 90 days or more, totaling $4 million at March 31, 2026.
(2) Includes government guaranteed portion of $48 million and $40 million for 90 days or more and non-accrual loans, respectively.
December 31, 2025
(in millions)
Greater than 30 to 59 Days Past Due60 to 89 Days Past Due
90 Days or More and Accruing (2)
Total Past Due
Non-Accrual (2)
Current and OtherTotal Loans and Leases
Commercial real estate
Non-owner occupied term$2 $— $— $2 $29 $8,175 $8,206 
Owner occupied term6 5 1 12 21 7,281 7,314 
Multifamily— 1 1 2 — 10,279 10,281 
Construction & development— — — — — 1,707 1,707 
Residential development— — — — — 362 362 
Commercial
Term2 7 2 11 25 6,677 6,713 
Lines of credit & other4 3 1 8 22 3,613 3,643 
Leases & equipment finance17 18 5 40 19 1,540 1,599 
Residential
Mortgage (1)
— 16 66 82 — 5,542 5,624 
Home equity loans & lines8 5 9 22 — 2,127 2,149 
Consumer & other— — — — — 178 178 
Total, net of deferred fees and costs$39 $55 $85 $179 $116 $47,481 $47,776 
(1) Includes government guaranteed mortgage loans the Bank has the right but not the obligation to repurchase that are past due 90 days or more, totaling $3 million at December 31, 2025.
(2) Includes government guaranteed portion of $41 million and $38 million for 90 days or more and non-accrual loans, respectively.
Collateral-Dependent Loans and Leases

Loans and leases are classified as collateral-dependent when the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. The following tables summarize the amortized cost basis of the collateral-dependent loans and leases by the type of collateral securing the assets as of the periods indicated:
March 31, 2026
(in millions)Residential Real EstateCommercial Real Estate General Business AssetsTotal
Commercial real estate
Non-owner occupied term$— $38 $— $38 
Owner occupied term— 46 — 46 
Commercial
Term— 3 18 21 
Lines of credit & other— 1 45 46 
Leases & equipment finance— — 19 19 
Residential
Mortgage
76 — — 76 
Home equity loans & lines2 — — 2 
Total, net of deferred fees and costs$78 $88 $82 $248 
December 31, 2025
(in millions)Residential Real EstateCommercial Real Estate General Business AssetsTotal
Commercial real estate
Non-owner occupied term$— $26 $— $26 
Owner occupied term— 17 — 17 
Multifamily— 6 — 6 
Commercial
Term— 1 16 17 
Lines of credit & other— 1 19 20 
Leases & equipment finance— — 19 19 
Residential
Mortgage
70 — — 70 
Home equity loans & lines2 — — 2 
Total, net of deferred fees and costs$72 $51 $54 $177 
Loan and Lease Modifications Made to Borrowers Experiencing Financial Difficulty

The ACL on modified loans or leases is measured using the same credit loss estimation methods used to determine the ACL for all other loans and leases held for investment. These methods incorporate the post-modification loan or lease terms, as well as defaults and charge-offs associated with the modified loans and leases.

The following tables present the amortized cost basis of loans and leases that were both experiencing financial difficulty and modified during the three months ended March 31, 2026 and 2025, by class and type of modification. The percentage of the amortized cost basis of loans and leases to borrowers in financial distress that were modified as compared to the amortized cost basis of each class of financing receivable is also presented below.
Three Months Ended March 31, 2026
(in millions)Interest Rate ReductionTerm ExtensionOther -Than-Insignificant Payment Delay
Combo - Term Extension and Other-Than- Insignificant Payment Delay
Total
% of Total Class of Financing Receivable
Commercial real estate
Non-owner occupied term$14 $— $— $— $14 0.17 %
Owner occupied term— — 28 — 28 0.39 %
Construction & development— 3 — — 3 0.18 %
Commercial
Term5 1 — — 6 0.09 %
Lines of credit & other— 18 30 — 48 1.26 %
Leases & equipment finance— 1 — — 1 0.06 %
Residential
Mortgage
— — 5 3 8 0.15 %
Total modified loans and leases experiencing financial difficulty$19 $23 $63 $3 $108 0.23 %
Three Months Ended March 31, 2025
(in millions)Interest Rate ReductionTerm ExtensionOther -Than-Insignificant Payment Delay
Combo - Term Extension and Other-Than-Insignificant Payment Delay
Total
% of Total Class of Financing Receivable
Commercial real estate
Owner occupied term$— $1 $1 $— $2 0.03 %
Commercial
Term— — 12 — 12 0.22 %
Lines of credit & other11 17 3 — 31 1.12 %
Leases & equipment finance— 1 — — 1 0.06 %
Residential
Mortgage
— — 7 1 8 0.14 %
Total modified loans and leases experiencing financial difficulty$11 $19 $23 $1 $54 0.14 %

The following tables present the financial effect of loan modifications made to borrowers experiencing financial difficulty during the periods presented:
Three Months Ended March 31, 2026
Interest Rate ModificationTerm ExtensionOther-Than-Insignificant Payment Delay
(in millions)
Weighted-Average Interest Rate ReductionWeighted-Average Term ExtensionDeferral Amount
Commercial real estate
Non-owner occupied term6.41 %— — 
Owner occupied term— — $28 
Construction & development— 7 months— 
Commercial
Term4.45 %6 months— 
Lines of credit & other— 7 months$30 
Leases & equipment finance— 11 months— 
Residential
Mortgage
— 12.6 years— 
Three Months Ended March 31, 2025
Interest Rate ModificationTerm ExtensionOther-Than-Insignificant Payment Delay
(in millions)
Weighted-Average Interest Rate ReductionWeighted-Average Term ExtensionDeferral Amount
Commercial real estate
Owner occupied term— 6 months$1 
Commercial
Term0.50 %— — 
Lines of credit & other0.26 %1.0 year$3 
Leases & equipment finance— 1.1 years— 
Residential
Mortgage
0.50 %7.1 years$1 

The Company closely monitors the performance of loans and leases to borrowers experiencing financial difficulty that are modified to understand the effectiveness of its modification efforts. Loans and leases are considered to be in payment default at 90 or more days past due. The following tables present the amortized cost basis of modified loans that, within twelve months of the modification date, experienced a subsequent default during the periods presented:
Three Months Ended March 31, 2026
(in millions)Term ExtensionOther-Than-Insignificant Payment DelayCombo - Term Extension and Other-than-Insignificant Payment DelayTotal
Commercial real estate
Owner occupied term$2 $— $— $2 
Commercial
Lines of credit & other3 — — 3 
Residential
Mortgage
— 6 1 7 
Total loans and leases experiencing financial difficulty with a subsequent default$5 $6 $1 $12 

Three Months Ended March 31, 2025
(in millions)Term ExtensionOther-Than-Insignificant Payment DelayTotal
Commercial real estate
Owner occupied term$— $1 $1 
Commercial
Lines of credit & other2 1 3 
Total loans and leases experiencing financial difficulty with a subsequent default$2 $2 $4 
The following tables present an age analysis of loans and leases as of March 31, 2026 and 2025 that have been modified within the prior twelve months:
 March 31, 2026
(in millions)CurrentGreater than 30 to 59 Days Past Due60 to 89 Days Past Due90 Days or Greater Past DueNonaccrualTotal
Commercial real estate
Non-owner occupied term$21 $— $— $— $14 $35 
Owner occupied term6 — — — 29 35 
Construction & development3 38 — — — 41 
Commercial
Term35 1 — — 1 37 
Lines of credit & other25 3 — — 33 61 
Leases & equipment finance1 1 — — — 2 
Residential
Mortgage
19 1 2 7 — 29 
Total loans and leases modified$110 $44 $2 $7 $77 $240 

 March 31, 2025
(in millions)CurrentGreater than 30 to 59 Days Past Due60 to 89 Days Past Due90 Days or Greater Past DueNonaccrualTotal
Commercial real estate
Owner occupied term$2 $— $— $— $3 $5 
Construction & development2 — — — — 2 
Commercial
Term16 — 1 — 5 22 
Lines of credit & other36 2 3 — 5 46 
Leases & equipment finance2 1 — — — 3 
Residential
Mortgage
22 1 1 4 — 28 
Total loans and leases modified
$80 $4 $5 $4 $13 $106 
Credit Quality Indicators

Management regularly reviews loans and leases in the portfolio to assess credit quality indicators and to determine appropriate loan classification and grading. The Bank separates its loans and lease portfolios into homogeneous and non-homogeneous categories. Homogeneous loans are rated based on past due status and may enter a higher risk rating scale if modified, requiring six months of timely payments to return to the lower risk rating scale. Non-homogeneous loans use a dual risk rating approach: the PD scale measures the likelihood of default, and the LGD scale measures potential loss if a default occurs. The product of PD and LGD gives the expected loss, providing a common language of credit risk across different loans. For more information about the Company's credit quality indicators, refer to Note 6 – Allowance for Credit Losses included in the Company's Annual Report on Form 10-K for the year ended December 31, 2025.
The following tables present the amortized cost basis of the loans and leases by credit classification and vintage year by loan and lease class of financing receivable, as well as gross charge-offs for the dates presented:
(in millions)Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized Cost BasisRevolving to Non-Revolving Loans Amortized Cost
March 31, 202620262025202420232022PriorTotal
Commercial real estate:
Non-owner occupied term
Credit quality indicator:
Pass/Watch$61 $813 $273 $513 $1,738 $4,486 $40 $— $7,924 
Special mention— 8 6 — 9 60 — — 83 
Substandard26 23 — — 4 51 — — 104 
Doubtful— — — — — 1 — — 1 
Loss— — — — — 1 — — 1 
Total non-owner occupied term$87 $844 $279 $513 $1,751 $4,599 $40 $— $8,113 
Current YTD period:
Gross charge-offs$— $— $— $— $— $— $— $— $— 
Owner occupied term
Credit quality indicator:
Pass/Watch$160 $915 $511 $544 $1,341 $3,463 $27 $1 $6,962 
Special mention— 12 27 6 44 42 — — 131 
Substandard— 32 5 2 13 105 — — 157 
Doubtful— — 3 — 3 — — — 6 
Loss— — — — — 2 — — 2 
Total owner occupied term$160 $959 $546 $552 $1,401 $3,612 $27 $1 $7,258 
Current YTD period:
Gross charge-offs$— $— $— $— $— $— $— $— $— 
Multifamily
Credit quality indicator:
Pass/Watch$81 $437 $350 $378 $2,791 $5,957 $121 $— $10,115 
Special mention— — — 16 3 27 — — 46 
Substandard— — — — 9 3 — — 12 
Total multifamily$81 $437 $350 $394 $2,803 $5,987 $121 $— $10,173 
Current YTD period:
Gross charge-offs$— $— $— $— $— $— $— $— $— 
Construction & development
Credit quality indicator:
Pass/Watch$18 $423 $369 $396 $238 $112 $13 $— $1,569 
Special mention— 9 — — 8 — 11 — 28 
Substandard35 38 — — — — — — 73 
Total construction & development$53 $470 $369 $396 $246 $112 $24 $— $1,670 
Current YTD period:
Gross charge-offs$— $— $— $— $— $— $— $— $— 
Residential development
Credit quality indicator:
Pass/Watch$23 $100 $57 $2 $7 $— $183 $1 $373 
Total residential development$23 $100 $57 $2 $7 $— $183 $1 $373 
Current YTD period:
Gross charge-offs$— $— $— $— $— $— $— $— $— 
Total commercial real estate$404 $2,810 $1,601 $1,857 $6,208 $14,310 $395 $2 $27,587 
(in millions)Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized Cost BasisRevolving to Non-Revolving Loans Amortized Cost
March 31, 202620262025202420232022PriorTotal
Commercial:
Term
Credit quality indicator:
Pass/Watch$536 $1,197 $932 $365 $758 $1,526 $1,368 $1 $6,683 
Special mention— 1 21 48 24 24 — — 118 
Substandard10 24 18 4 8 7 3 1 75 
Doubtful— — — — 4 3 — — 7 
Loss— — — — — 4 — — 4 
Total term$546 $1,222 $971 $417 $794 $1,564 $1,371 $2 $6,887 
Current YTD period:
Gross charge-offs$— $2 $— $— $2 $— $— $— $4 
Lines of credit & other
Credit quality indicator:
Pass/Watch$36 $97 $68 $39 $77 $46 $3,213 $12 $3,588 
Special mention— 1 1 — — — 63 14 79 
Substandard— 7 11 1 17 1 96 2 135 
Loss— — 1 — — — 1 — 2 
Total lines of credit & other$36 $105 $81 $40 $94 $47 $3,373 $28 $3,804 
Current YTD period:
Gross charge-offs$— $— $4 $— $— $— $12 $1 $17 
Leases & equipment finance
Credit quality indicator:
Pass/Watch$196 $530 $359 $234 $133 $53 $— $— $1,505 
Special mention— 6 17 9 4 1 — — 37 
Substandard1 5 5 29 6 1 — — 47 
Doubtful— 6 9 7 5 1 — — 28 
Loss— 1 1 — — — — — 2 
Total leases & equipment finance$197 $548 $391 $279 $148 $56 $— $— $1,619 
Current YTD period:
Gross charge-offs$— $3 $6 $5 $3 $1 $— $— $18 
Total commercial$779 $1,875 $1,443 $736 $1,036 $1,667 $4,744 $30 $12,310 
Residential:
Mortgage
Credit quality indicator:
Pass/Watch$65 $221 $213 $169 $1,590 $3,141 $— $— $5,399 
Special mention— 4 1 1 7 11 — — 24 
Substandard— — — 1 4 8 — — 13 
Loss— 10 6 4 6 21 — — 47 
Total mortgage$65 $235 $220 $175 $1,607 $3,181 $— $— $5,483 
Current YTD period:
Gross charge-offs$— $— $— $— $— $— $— $— $— 
(in millions)Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized Cost BasisRevolving to Non-Revolving Loans Amortized Cost
March 31, 202620262025202420232022PriorTotal
Home equity loans & lines
Credit quality indicator:
Pass/Watch$— $— $2 $7 $11 $72 $2,026 $9 $2,127 
Special mention— — — — 1 2 7 1 11 
Substandard— — — — — — 3 — 3 
Loss— — 2 — 1 1 1 1 6 
Total home equity loans & lines$— $— $4 $7 $13 $75 $2,037 $11 $2,147 
Current YTD period:
Gross charge-offs$— $— $— $— $— $— $— $— $— 
Total residential$65 $235 $224 $182 $1,620 $3,256 $2,037 $11 $7,630 
Consumer & other:
Credit quality indicator:
Pass/Watch$14 $7 $6 $8 $5 $8 $119 $2 $169 
Special mention— — — — — — 1 — 1 
Total consumer & other$14 $7 $6 $8 $5 $8 $120 $2 $170 
Current YTD period:
Gross charge-offs$— $— $— $— $— $— $1 $— $1 
Grand total$1,262 $4,927 $3,274 $2,783 $8,869 $19,241 $7,296 $45 $47,697 
(in millions)Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized Cost BasisRevolving to Non-Revolving Loans Amortized Cost
December 31, 202520252024202320222021PriorTotal
Commercial real estate:
Non-owner occupied term
Credit quality indicator:
Pass/Watch$815 $280 $506 $1,694 $1,603 $3,033 $35 $13 $7,979 
Special mention2 6 — 10 20 71 — — 109 
Substandard27 — — 22 12 55 — — 116 
Loss— — — — 1 1 — — 2 
Total non-owner occupied term$844 $286 $506 $1,726 $1,636 $3,160 $35 $13 $8,206 
Prior Year End period:
Gross charge-offs$— $— $1 $— $— $9 $— $— $10 
Owner occupied term
Credit quality indicator:
Pass/Watch$921 $510 $466 $1,326 $1,325 $2,363 $24 $51 $6,986 
Special mention20 32 6 55 22 41 — — 176 
Substandard4 29 2 12 41 46 — 9 143 
Doubtful— 3 — 3 — — — — 6 
Loss— — — — 1 2 — — 3 
Total owner occupied term$945 $574 $474 $1,396 $1,389 $2,452 $24 $60 $7,314 
Prior Year End period:
Gross charge-offs$— $— $— $1 $— $— $— $— $1 
Multifamily
Credit quality indicator:
Pass/Watch$455 $348 $367 $2,787 $3,195 $2,958 $118 $— $10,228 
Special mention— — 14 9 — 22 — — 45 
Substandard— — — 3 2 3 — — 8 
Total multifamily$455 $348 $381 $2,799 $3,197 $2,983 $118 $— $10,281 
Prior Year End period:
Gross charge-offs$— $— $— $— $— $— $— $— $— 
Construction & development
Credit quality indicator:
Pass/Watch$345 $407 $391 $241 $98 $92 $28 $2 $1,604 
Special mention12 12 32 1 — — — 8 65 
Substandard38 — — — — — — — 38 
Total construction & development$395 $419 $423 $242 $98 $92 $28 $10 $1,707 
Prior Year End period:
Gross charge-offs$— $— $— $— $— $— $— $— $— 
Residential development
Credit quality indicator:
Pass/Watch$99 $57 $2 $8 $— $— $194 $2 $362 
Total residential development$99 $57 $2 $8 $— $— $194 $2 $362 
Prior Year End period:
Gross charge-offs$— $— $— $— $— $— $— $— $— 
Total commercial real estate$2,738 $1,684 $1,786 $6,171 $6,320 $8,687 $399 $85 $27,870 
(in millions)Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized Cost BasisRevolving to Non-Revolving Loans Amortized Cost
December 31, 202520252024202320222021PriorTotal
Commercial:
Term
Credit quality indicator:
Pass/Watch$1,571 $701 $395 $800 $763 $851 $1,328 $21 $6,430 
Special mention13 22 49 53 23 2 11 — 173 
Substandard25 12 2 43 5 4 3 2 96 
Doubtful2 — — 4 1 2 — — 9 
Loss— — — — 2 3 — — 5 
Total term$1,611 $735 $446 $900 $794 $862 $1,342 $23 $6,713 
Prior Year End period:
Gross charge-offs$— $1 $1 $1 $1 $2 $— $— $6 
Lines of credit & other
Credit quality indicator:
Pass/Watch$119 $70 $28 $42 $10 $18 $3,052 $106 $3,445 
Special mention1 — — — — — 74 5 80 
Substandard4 15 — 1 — — 80 15 115 
Doubtful— — — — — — — 1 1 
Loss— — — — — — 1 1 2 
Total lines of credit & other$124 $85 $28 $43 $10 $18 $3,207 $128 $3,643 
Prior Year End period:
Gross charge-offs$— $17 $— $1 $— $1 $8 $5 $32 
Leases & equipment finance
Credit quality indicator:
Pass/Watch$585 $399 $268 $160 $35 $34 $— $— $1,481 
Special mention3 16 8 3 1 — — — 31 
Substandard6 7 32 7 1 — — — 53 
Doubtful5 9 9 7 2 — — — 32 
Loss— 1 1 — — — — — 2 
Total leases & equipment finance$599 $432 $318 $177 $39 $34 $— $— $1,599 
Prior Year End period:
Gross charge-offs$2 $16 $22 $22 $8 $3 $— $— $73 
Total commercial$2,334 $1,252 $792 $1,120 $843 $914 $4,549 $151 $11,955 
Residential:
Mortgage
Credit quality indicator:
Pass/Watch$242 $230 $174 $1,645 $1,828 $1,425 $— $— $5,544 
Special mention3 — 2 3 3 5 — — 16 
Substandard2 2 1 5 8 8 — — 26 
Loss6 6 3 4 7 12 — — 38 
Total mortgage$253 $238 $180 $1,657 $1,846 $1,450 $— $— $5,624 
Prior Year End period:
Gross charge-offs$— $— $— $— $1 $— $— $— $1 
(in millions)Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized Cost BasisRevolving to Non-Revolving Loans Amortized Cost
December 31, 202520252024202320222021PriorTotal
Home equity loans & lines
Credit quality indicator:
Pass/Watch$1 $1 $2 $6 $2 $45 $2,032 $39 $2,128 
Special mention— — — — — 2 8 2 12 
Substandard— — — — — — 1 1 2 
Loss— — — 1 — 1 1 4 7 
Total home equity loans & lines$1 $1 $2 $7 $2 $48 $2,042 $46 $2,149 
Prior Year End period:
Gross charge-offs$— $— $— $1 $— $— $— $— $1 
Total residential$254 $239 $182 $1,664 $1,848 $1,498 $2,042 $46 $7,773 
Consumer & other:
Credit quality indicator:
Pass/Watch$18 $6 $10 $6 $3 $6 $128 $— $177 
Special mention— — — — — — 1 — 1 
Total consumer & other$18 $6 $10 $6 $3 $6 $129 $— $178 
Prior Year End period:
Gross charge-offs$2 $1 $— $— $— $— $2 $— $5 
Grand total$5,344 $3,181 $2,770 $8,961 $9,014 $11,105 $7,119 $282 $47,776