Quarterly report pursuant to Section 13 or 15(d)

Outstanding Loans and Leases and Allowance for Credit Losses (Tables)

v3.23.3
Outstanding Loans and Leases and Allowance for Credit Losses (Tables)
9 Months Ended
Sep. 30, 2023
Receivables [Abstract]  
Schedule of Loans and Leases Outstanding
The following tables present total outstanding loans and leases and an aging analysis for the Consumer Real Estate, Credit Card and Other Consumer, and Commercial portfolio segments, by class of financing receivables, at September 30, 2023 and December 31, 2022.
30-59 Days
 Past Due (1)
60-89 Days
 Past Due (1)
90 Days or
More
Past Due (1)
Total Past
Due 30 Days
or More
Total
 Current or
 Less Than
 30 Days
 Past Due (1)
Loans
 Accounted
 for Under
 the Fair
 Value
 Option
Total
Outstandings
(Dollars in millions) September 30, 2023
Consumer real estate            
Residential mortgage $ 1,143  $ 278  $ 874  $ 2,295  $ 226,871  $ 229,166 
Home equity 88  42  171  301  25,191  25,492 
Credit card and other consumer
Credit card 626  455  1,016  2,097  97,590  99,687 
Direct/Indirect consumer (2)
267  85  75  427  103,632  104,059 
Other consumer         122  122 
Total consumer 2,124  860  2,136  5,120  453,406  458,526 
Consumer loans accounted for under the fair value option (3)
$ 253  253 
Total consumer loans and leases 2,124  860  2,136  5,120  453,406  253  458,779 
Commercial
U.S. commercial 312  345  187  844  355,486  356,330 
Non-U.S. commercial 27  16  65  108  123,605  123,713 
Commercial real estate (4)
96  258  341  695  72,498  73,193 
Commercial lease financing 15  12  16  43  13,861  13,904 
U.S. small business commercial (5)
134  76  186  396  18,837  19,233 
Total commercial 584  707  795  2,086  584,287  586,373 
Commercial loans accounted for under the fair value option (3)
3,997  3,997 
Total commercial loans and leases 584  707  795  2,086  584,287  3,997  590,370 
Total loans and leases (6)
$ 2,708  $ 1,567  $ 2,931  $ 7,206  $ 1,037,693  $ 4,250  $ 1,049,149 
Percentage of outstandings 0.26  % 0.15  % 0.28  % 0.69  % 98.91  % 0.40  % 100.00  %
(1)Consumer real estate loans 30-59 days past due includes fully-insured loans of $187 million and nonperforming loans of $167 million. Consumer real estate loans 60-89 days past due includes fully-insured loans of $70 million and nonperforming loans of $108 million. Consumer real estate loans 90 days or more past due includes fully-insured loans of $266 million and nonperforming loans of $779 million. Consumer real estate loans current or less than 30 days past due includes $1.6 billion, and direct/indirect consumer includes $37 million of nonperforming loans.
(2)Total outstandings primarily includes auto and specialty lending loans and leases of $54.0 billion, U.S. securities-based lending loans of $46.5 billion and non-U.S. consumer loans of $2.8 billion.
(3)Consumer loans accounted for under the fair value option includes residential mortgage loans of $67 million and home equity loans of $186 million. Commercial loans accounted for under the fair value option includes U.S. commercial loans of $2.5 billion and non-U.S. commercial loans of $1.5 billion. For more information, see Note 14 – Fair Value Measurements and Note 15 – Fair Value Option.
(4)Total outstandings includes U.S. commercial real estate loans of $67.3 billion and non-U.S. commercial real estate loans of $5.9 billion.
(5)Includes Paycheck Protection Program loans.
(6)Total outstandings includes loans and leases pledged as collateral of $40.3 billion. The Corporation also pledged $227.7 billion of loans with no related outstanding borrowings to secure potential borrowing capacity with the Federal Reserve Bank and Federal Home Loan Bank.
30-59 Days
Past Due
(1)
60-89 Days
 Past Due (1)
90 Days or
More
Past Due
(1)
Total Past
Due 30 Days
or More
Total
Current or
Less Than
30 Days
Past Due (1)
Loans
Accounted
for Under
the Fair
Value Option
Total Outstandings
(Dollars in millions) December 31, 2022
Consumer real estate            
Residential mortgage $ 1,077  $ 245  $ 945  $ 2,267  $ 227,403  $ 229,670 
Home equity 88  32  211  331  26,232  26,563 
Credit card and other consumer          
Credit card 466  322  717  1,505  91,916    93,421 
Direct/Indirect consumer (2)
204  59  45  308  105,928    106,236 
Other consumer  —  —  —  —  156    156 
Total consumer 1,835  658  1,918  4,411  451,635  456,046 
Consumer loans accounted for under the fair value option (3)
$ 339  339 
Total consumer loans and leases 1,835  658  1,918  4,411  451,635  339  456,385 
Commercial              
U.S. commercial 827  288  330  1,445  357,036    358,481 
Non-U.S. commercial 317  59  144  520  123,959    124,479 
Commercial real estate (4)
409  81  77  567  69,199    69,766 
Commercial lease financing 49  11  69  13,575    13,644 
U.S. small business commercial (5)
107  63  356  526  17,034    17,560 
Total commercial 1,709  500  918  3,127  580,803    583,930 
Commercial loans accounted for under the fair value option (3)
5,432  5,432 
Total commercial loans and leases
1,709  500  918  3,127  580,803  5,432  589,362 
Total loans and leases (6)
$ 3,544  $ 1,158  $ 2,836  $ 7,538  $ 1,032,438  $ 5,771  $ 1,045,747 
Percentage of outstandings 0.34  % 0.11  % 0.27  % 0.72  % 98.73  % 0.55  % 100.00  %
(1)Consumer real estate loans 30-59 days past due includes fully-insured loans of $184 million and nonperforming loans of $155 million. Consumer real estate loans 60-89 days past due includes fully-insured loans of $75 million and nonperforming loans of $88 million. Consumer real estate loans 90 days or more past due includes fully-insured loans of $368 million and nonperforming loans of $788 million. Consumer real estate loans current or less than 30 days past due includes $1.6 billion, and direct/indirect consumer includes $27 million of nonperforming loans.
(2)Total outstandings primarily includes auto and specialty lending loans and leases of $51.8 billion, U.S. securities-based lending loans of $50.4 billion and non-U.S. consumer loans of $3.0 billion.
(3)Consumer loans accounted for under the fair value option includes residential mortgage loans of $71 million and home equity loans of $268 million. Commercial loans accounted for under the fair value option includes U.S. commercial loans of $2.9 billion and non-U.S. commercial loans of $2.5 billion. For more information, see Note 14 – Fair Value Measurements and Note 15 – Fair Value Option.
(4)Total outstandings includes U.S. commercial real estate loans of $64.9 billion and non-U.S. commercial real estate loans of $4.8 billion.
(5)Includes Paycheck Protection Program loans.
(6)Total outstandings includes loans and leases pledged as collateral of $18.5 billion. The Corporation also pledged $163.6 billion of loans with no related outstanding borrowings to secure potential borrowing capacity with the Federal Reserve Bank and Federal Home Loan Bank.
Schedule of Financing Receivables, Non Accrual Status The following table presents the Corporation’s nonperforming loans and leases and loans accruing past due 90 days or more at September 30, 2023 and December 31, 2022. Nonperforming LHFS are excluded from nonperforming loans and leases as they are recorded at either fair value or the lower of cost or fair value. For more information on the criteria for classification as nonperforming, see Note 1 – Summary of Significant Accounting Principles to the Consolidated Financial Statements of the Corporation’s 2022 Annual Report on Form 10-K.
Credit Quality
Nonperforming Loans
and Leases
Accruing Past Due
90 Days or More
(Dollars in millions) September 30
2023
December 31
2022
September 30
2023
December 31
2022
Residential mortgage (1)
$ 2,185  $ 2,167  $ 265  $ 368 
With no related allowance (2)
1,987  1,973    — 
Home equity (1)
479  510    — 
With no related allowance (2)
393  393    — 
Credit Card                      n/a                     n/a 1,016  717 
Direct/indirect consumer 128  77  1 
Total consumer 2,792  2,754  1,282  1,087 
U.S. commercial 561  553  85  190 
Non-U.S. commercial 102  212  4  25 
Commercial real estate 1,343  271  6  46 
Commercial lease financing 18  5 
U.S. small business commercial 17  14  185  355 
Total commercial 2,041  1,054  285  624 
Total nonperforming loans $ 4,833  $ 3,808  $ 1,567  $ 1,711 
Percentage of outstanding loans and leases
0.46  % 0.37  % 0.15  % 0.16  %
(1)Residential mortgage loans accruing past due 90 days or more are fully-insured loans. At September 30, 2023 and December 31, 2022 residential mortgage included $180 million and $260 million of loans on which interest had been curtailed by the Federal Housing Administration (FHA), and therefore were no longer accruing interest, although principal was still insured, and $85 million and $108 million of loans on which interest was still accruing.
(2)Primarily relates to loans for which the estimated fair value of the underlying collateral less any costs to sell is greater than the amortized cost of the loans as of the reporting date.
n/a = not applicable
Financing Receivable Credit Quality Indicators The following tables present certain credit quality indicators and gross charge-offs for the Corporation's Consumer Real Estate, Credit Card and Other Consumer, and Commercial portfolio segments by year of origination, except for revolving loans and revolving loans that were modified into term loans, which are shown on an aggregate basis at September 30, 2023.
Residential Mortgage – Credit Quality Indicators By Vintage
Term Loans by Origination Year
(Dollars in millions) Total as of
September 30,
 2023
2023 2022 2021 2020 2019 Prior
Residential Mortgage
Refreshed LTV
     
Less than or equal to 90 percent $ 214,919  $ 12,117  $ 38,307  $ 77,128  $ 35,708  $ 17,751  $ 33,908 
Greater than 90 percent but less than or equal to 100 percent
2,288  593  1,153  391  78  35  38 
Greater than 100 percent
917  262  439  129  34  14  39 
Fully-insured loans
11,042  351  374  3,483  2,893  867  3,074 
Total Residential Mortgage $ 229,166  $ 13,323  $ 40,273  $ 81,131  $ 38,713  $ 18,667  $ 37,059 
Residential Mortgage
Refreshed FICO score
Less than 620 $ 2,269  $ 78  $ 432  $ 578  $ 382  $ 118  $ 681 
Greater than or equal to 620 and less than 680
4,737  301  999  1,187  774  316  1,160 
Greater than or equal to 680 and less than 740
23,364  1,416  4,743  6,977  3,860  1,920  4,448 
Greater than or equal to 740
187,754  11,177  33,725  68,906  30,804  15,446  27,696 
Fully-insured loans
11,042  351  374  3,483  2,893  867  3,074 
Total Residential Mortgage $ 229,166  $ 13,323  $ 40,273  $ 81,131  $ 38,713  $ 18,667  $ 37,059 
Gross charge-offs for the nine months ended
   September 30, 2023
$ 26  $ —  $ $ $ $ $
Home Equity - Credit Quality Indicators
Total
Home Equity Loans and Reverse Mortgages (1)
Revolving Loans Revolving Loans Converted to Term Loans
(Dollars in millions) September 30, 2023
Home Equity
Refreshed LTV
     
Less than or equal to 90 percent $ 25,336  $ 1,102  $ 19,944  $ 4,290 
Greater than 90 percent but less than or equal to 100 percent
66  17  36  13 
Greater than 100 percent
90  34  36  20 
Total Home Equity $ 25,492  $ 1,153  $ 20,016  $ 4,323 
Home Equity
Refreshed FICO score
Less than 620 $ 662  $ 134  $ 228  $ 300 
Greater than or equal to 620 and less than 680
1,129  125  568  436 
Greater than or equal to 680 and less than 740
4,237  253  2,961  1,023 
Greater than or equal to 740
19,464  641  16,259  2,564 
Total Home Equity $ 25,492  $ 1,153  $ 20,016  $ 4,323 
Gross charge-offs for the nine months ended September 30, 2023 $ 18  $ 2  $ 8  $ 8 
(1)Includes reverse mortgages of $788 million and home equity loans of $366 million, which are no longer originated.
Credit Card and Direct/Indirect Consumer – Credit Quality Indicators By Vintage
Direct/Indirect
Term Loans by Origination Year Credit Card
(Dollars in millions) Total Direct/
Indirect as of September 30,
2023
Revolving Loans 2023 2022 2021 2020 2019 Prior Total Credit Card as of September 30,
2023
Revolving Loans
Revolving Loans Converted to Term Loans (1)
Refreshed FICO score    
Less than 620 $ 1,133  $ 11  $ 186  $ 394  $ 332  $ 93  $ 60  $ 57  $ 4,957  $ 4,681  $ 276 
Greater than or equal to 620 and less than 680 2,502  12  745  861  558  151  87  88  11,440  11,189  251 
Greater than or equal to 680 and less than 740
8,741  48  2,851  2,850  1,857  552  297  286  34,219  33,999  220 
Greater than or equal to 740 41,720  74  13,418  12,831  8,602  3,303  1,739  1,753  49,071  49,021  50 
Other internal credit
   metrics (2,3)
49,963  49,285  72  175  145  54  55  177    —  — 
Total credit card and other
   consumer
$ 104,059  $ 49,430  $ 17,272  $ 17,111  $ 11,494  $ 4,153  $ 2,238  $ 2,361  $ 99,687  $ 98,890  $ 797 
Gross charge-offs for the nine
   months ended September 30, 2023
$ 153  $ $ 13  $ 65  $ 37  $ 11  $ $ 17  $ 2,220  $ 2,139  $ 81 
(1)Represents loans that were modified into term loans.
(2)Other internal credit metrics may include delinquency status, geography or other factors.
(3)Direct/indirect consumer includes $49.3 billion of securities-based lending, which is typically supported by highly liquid collateral with market value greater than or equal to the outstanding loan balance and therefore has minimal credit risk at September 30, 2023.
Commercial – Credit Quality Indicators By Vintage (1)
Term Loans
Amortized Cost Basis by Origination Year
(Dollars in millions) Total as of
September 30,
2023
2023 2022 2021 2020 2019 Prior Revolving Loans
U.S. Commercial
Risk ratings        
Pass rated $ 344,382  $ 28,937  $ 46,312  $ 28,465  $ 14,786  $ 13,015  $ 31,832  $ 181,035 
Reservable criticized 11,948  157  1,203  817  419  733  1,379  7,240 
Total U.S. Commercial
$ 356,330  $ 29,094  $ 47,515  $ 29,282  $ 15,205  $ 13,748  $ 33,211  $ 188,275 
Gross charge-offs for the nine months ended
   September 30, 2023
$ 117  $ $ 12  $ 21  $ $ $ 18  $ 62 
Non-U.S. Commercial
Risk ratings
Pass rated $ 121,753  $ 12,530  $ 17,368  $ 16,282  $ 2,770  $ 3,078  $ 6,528  $ 63,197 
Reservable criticized 1,960  26  183  272  147  244  174  914 
Total Non-U.S. Commercial
$ 123,713  $ 12,556  $ 17,551  $ 16,554  $ 2,917  $ 3,322  $ 6,702  $ 64,111 
Gross charge-offs for the nine months ended
   September 30, 2023
$ 31  $ —  $ —  $ $ $ $ —  $ 15 
Commercial Real Estate
Risk ratings
Pass rated $ 65,055  $ 3,452  $ 16,292  $ 12,454  $ 4,393  $ 8,034  $ 10,771  $ 9,659 
Reservable criticized 8,138  65  662  1,674  530  1,847  2,970  390 
Total Commercial Real Estate
$ 73,193  $ 3,517  $ 16,954  $ 14,128  $ 4,923  $ 9,881  $ 13,741  $ 10,049 
Gross charge-offs for the nine months ended
   September 30, 2023
$ 139  $ $ —  $ —  $ —  $ 44  $ 93  $ — 
Commercial Lease Financing
Risk ratings
Pass rated $ 13,703  $ 2,618  $ 3,107  $ 2,348  $ 1,519  $ 1,306  $ 2,805  $ — 
Reservable criticized 201  31  49  23  32  60  — 
Total Commercial Lease Financing
$ 13,904  $ 2,624  $ 3,138  $ 2,397  $ 1,542  $ 1,338  $ 2,865  $ — 
Gross charge-offs for the nine months ended
   September 30, 2023
$ 3  $ —  $ —  $ $ $ —  $ —  $ — 
U.S. Small Business Commercial (2)
Risk ratings
Pass rated $ 8,919  $ 1,476  $ 1,849  $ 1,617  $ 922  $ 752  $ 1,886  $ 417 
Reservable criticized 379  45  89  44  66  127 
Total U.S. Small Business Commercial
$ 9,298  $ 1,481  $ 1,894  $ 1,706  $ 966  $ 818  $ 2,013  $ 420 
Gross charge-offs for the nine months ended
   September 30, 2023
$ 31  $ —  $ $ $ 14  $ $ $
Total $ 576,438  $ 49,272  $ 87,052  $ 64,067  $ 25,553  $ 29,107  $ 58,532  $ 262,855 
Gross charge-offs for the nine months ended
   September 30, 2023
$ 321  $ $ 14  $ 32  $ 23  $ 48  $ 114  $ 86 
(1)Excludes $4.0 billion of loans accounted for under the fair value option at September 30, 2023.
(2)Excludes U.S. Small Business Card loans of $9.9 billion. Refreshed FICO scores for this portfolio are $473 million for less than 620; $1.0 billion for greater than or equal to 620 and less than 680; $2.7 billion for greater than or equal to 680 and less than 740; and $5.7 billion greater than or equal to 740. Excludes U.S. Small Business Card loans gross charge-offs of $223 million.
The following tables present certain credit quality indicators for the Corporation's Consumer Real Estate, Credit Card and Other Consumer, and Commercial portfolio segments by year of origination, except for revolving loans and revolving loans that were modified into term loans, which are shown on an aggregate basis at December 31, 2022.
Residential Mortgage – Credit Quality Indicators By Vintage
Term Loans by Origination Year
(Dollars in millions) Total as of
 December 31,
 2022
2022 2021 2020 2019 2018 Prior
Residential Mortgage
Refreshed LTV
Less than or equal to 90 percent $ 215,713  $ 39,625  $ 81,437  $ 37,228  $ 18,980  $ 5,734  $ 32,709 
Greater than 90 percent but less than or equal to 100 percent
1,615  950  530  93  15  19 
Greater than 100 percent
648  374  169  43  15  39 
Fully-insured loans
11,694  580  3,667  3,102  949  156  3,240 
Total Residential Mortgage $ 229,670  $ 41,529  $ 85,803  $ 40,466  $ 19,959  $ 5,906  $ 36,007 
Residential Mortgage
Refreshed FICO score
Less than 620 $ 2,156  $ 377  $ 518  $ 373  $ 124  $ 84  $ 680 
Greater than or equal to 620 and less than 680
4,978  1,011  1,382  840  329  233  1,183 
Greater than or equal to 680 and less than 740
25,444  5,411  8,290  4,369  2,187  830  4,357 
Greater than or equal to 740 185,398  34,150  71,946  31,782  16,370  4,603  26,547 
Fully-insured loans
11,694  580  3,667  3,102  949  156  3,240 
Total Residential Mortgage $ 229,670  $ 41,529  $ 85,803  $ 40,466  $ 19,959  $ 5,906  $ 36,007 
Gross charge-offs for the year ended December 31, 2022 $ 161  $ —  $ $ $ $ $ 143 
Home Equity - Credit Quality Indicators
Total
Home Equity Loans and Reverse Mortgages (1)
Revolving Loans Revolving Loans Converted to Term Loans
(Dollars in millions) December 31, 2022
Home Equity
Refreshed LTV
Less than or equal to 90 percent $ 26,395  $ 1,304  $ 19,960  $ 5,131 
Greater than 90 percent but less than or equal to 100 percent
62  20  24  18 
Greater than 100 percent
106  37  35  34 
Total Home Equity $ 26,563  $ 1,361  $ 20,019  $ 5,183 
Home Equity
Refreshed FICO score
Less than 620 $ 683  $ 166  $ 189  $ 328 
Greater than or equal to 620 and less than 680
1,190  152  507  531 
Greater than or equal to 680 and less than 740
4,321  312  2,747  1,262 
Greater than or equal to 740
20,369  731  16,576  3,062 
Total Home Equity $ 26,563  $ 1,361  $ 20,019  $ 5,183 
Gross charge-offs for the year ended December 31, 2022 $ 45  $ $ 24  $ 16 
(1)Includes reverse mortgages of $937 million and home equity loans of $424 million, which are no longer originated.
Credit Card and Direct/Indirect Consumer – Credit Quality Indicators By Vintage
Direct/Indirect
Term Loans by Origination Year Credit Card
(Dollars in millions) Total Direct/Indirect as of December 31, 2022 Revolving Loans 2022 2021 2020 2019 2018 Prior Total Credit Card as of December 31, 2022 Revolving Loans
Revolving Loans Converted to Term Loans (1)
Refreshed FICO score
Less than 620 $ 847  $ 12  $ 237  $ 301  $ 113  $ 84  $ 43  $ 57  $ 4,056  $ 3,866  $ 190 
Greater than or equal to 620 and less than 680
2,521  12  1,108  816  269  150  69  97  10,994  10,805  189 
Greater than or equal to 680 and less than 740
8,895  52  4,091  2,730  992  520  214  296  32,186  32,017  169 
Greater than or equal to 740 39,679  83  16,663  11,392  5,630  2,992  1,236  1,683  46,185  46,142  43 
Other internal credit
   metrics (2, 3)
54,294  53,404  259  305  70  57  40  159  —  —  — 
Total credit card and other
   consumer
$ 106,236  $ 53,563  $ 22,358  $ 15,544  $ 7,074  $ 3,803  $ 1,602  $ 2,292  $ 93,421  $ 92,830  $ 591 
Gross charge-offs for the year
   ended December 31, 2022
$ 232  $ $ 31  $ 79  $ 34  $ 27  $ 14  $ 40  $ 1,985  $ 1,909  $ 76 
(1)Represents TDRs that were modified into term loans.
(2)Other internal credit metrics may include delinquency status, geography or other factors.
(3)Direct/indirect consumer includes $53.4 billion of securities-based lending, which is typically supported by highly liquid collateral with market value greater than or equal to the outstanding loan balance and therefore has minimal credit risk at December 31, 2022.
Commercial – Credit Quality Indicators By Vintage (1)
Term Loans
Amortized Cost Basis by Origination Year
(Dollars in millions) Total as of December 31, 2022 2022 2021 2020 2019 2018 Prior Revolving Loans
U.S. Commercial
Risk ratings        
Pass rated $ 348,447  $ 61,200  $ 39,717  $ 18,609  $ 16,566  $ 8,749  $ 30,282  $ 173,324 
Reservable criticized 10,034  278  794  697  884  1,202  856  5,323 
Total U.S. Commercial
$ 358,481  $ 61,478  $ 40,511  $ 19,306  $ 17,450  $ 9,951  $ 31,138  $ 178,647 
Gross charge-offs for the year ended
   December 31, 2022
$ 151  $ $ 24  $ 24  $ $ $ 13  $ 73 
Non-U.S. Commercial
Risk ratings
Pass rated $ 121,890  $ 24,839  $ 19,098  $ 5,183  $ 3,882  $ 2,423  $ 4,697  $ 61,768 
Reservable criticized 2,589  45  395  331  325  98  475  920 
Total Non-U.S. Commercial
$ 124,479  $ 24,884  $ 19,493  $ 5,514  $ 4,207  $ 2,521  $ 5,172  $ 62,688 
Gross charge-offs for the year ended
   December 31, 2022
$ 41  $ —  $ $ $ —  $ 37  $ —  $ — 
Commercial Real Estate
Risk ratings
Pass rated $ 64,619  $ 15,290  $ 13,089  $ 5,756  $ 9,013  $ 4,384  $ 8,606  $ 8,481 
Reservable criticized 5,147  11  837  545  1,501  1,151  1,017  85 
Total Commercial Real Estate
$ 69,766  $ 15,301  $ 13,926  $ 6,301  $ 10,514  $ 5,535  $ 9,623  $ 8,566 
Gross charge-offs for the year ended
   December 31, 2022
$ 75  $ —  $ —  $ $ —  $ 26  $ 43  $ — 
Commercial Lease Financing
Risk ratings
Pass rated $ 13,404  $ 3,255  $ 2,757  $ 1,955  $ 1,578  $ 1,301  $ 2,558  $ — 
Reservable criticized 240  35  12  71  50  63  — 
Total Commercial Lease Financing
$ 13,644  $ 3,264  $ 2,792  $ 1,967  $ 1,649  $ 1,351  $ 2,621  $ — 
Gross charge-offs for the year ended
   December 31, 2022
$ $ —  $ $ —  $ $ —  $ —  $ — 
U.S. Small Business Commercial (2)
Risk ratings
Pass rated $ 8,726  $ 1,825  $ 1,953  $ 1,408  $ 864  $ 624  $ 1,925  $ 127 
Reservable criticized 329  11  35  48  76  51  105 
Total U.S. Small Business Commercial
$ 9,055  $ 1,836  $ 1,988  $ 1,456  $ 940  $ 675  $ 2,030  $ 130 
Gross charge-offs for the year ended
   December 31, 2022
$ 31  $ —  $ $ 11  $ $ $ $
 Total $ 575,425  $ 106,763  $ 78,710  $ 34,544  $ 34,760  $ 20,033  $ 50,584  $ 250,031 
Total gross charge-offs for the year ended
   December 31, 2022
$ 306  $ $ 32  $ 42  $ 17  $ 70  $ 62  $ 81 
(1) Excludes $5.4 billion of loans accounted for under the fair value option at December 31, 2022.
(2) Excludes U.S. Small Business Card loans of $8.5 billion. Refreshed FICO scores for this portfolio are $297 million for less than 620; $859 million for greater than or equal to 620 and less than 680; $2.4 billion for greater than or equal to 680 and less than 740; and $5.0 billion greater than or equal to 740. Excludes U.S. Small Business Card loans gross charge-offs of $172 million.
Troubled Debt Restructurings on Financing Receivables The table below provides aging information as of September 30, 2023 for consumer real estate loans modified since January 1, 2023.
Consumer Real Estate - Payment Status of Modifications to Borrowers in Financial Difficulty (1)
Current 30–89 Days
Past Due
90+ Days
Past Due
Total
(Dollars in millions) September 30, 2023
Residential mortgage $ 295  $ 114  $ 156  $ 565
Home equity 51  11  28  90
Total $ 346  $ 125  $ 184  $ 655
(1)Excludes trial modifications and Chapter 7 discharges
The table below provides the ending amortized cost of commercial loans modified during the three and nine months ended September 30, 2023.
Commercial Loans - Modifications to Borrowers in Financial Difficulty
Term Extension Forbearances
Interest Rate Reduction
Total
(Dollars in millions) Three Months Ended September 30, 2023
U.S. Commercial $ 431  $ 24  $   $ 455 
Non-U.S. Commercial 130    24  154 
Commercial Real Estate 599  219    818 
Total $ 1,160  $ 243  $ 24  $ 1,427 
Nine Months Ended September 30, 2023
U.S. Commercial $ 768  $ 33  $   $ 801 
Non-U.S. Commercial 162    24  186 
Commercial Real Estate 1,069  287    1,356 
Total $ 1,999  $ 320  $ 24  $ 2,343 
The table below provides aging information as of September 30, 2023 for commercial loans modified since January 1, 2023.
Commercial - Payment Status of Modified Loans to Borrowers in Financial Difficulty
Current 30–89 Days
Past Due
90+ Days
Past Due
Total % of Total Class of Financing Receivable
(Dollars in millions) September 30, 2023
U.S. Commercial $ 766  $ 21  $ 14  $ 801 0.22  %
Non-U.S. Commercial 186      186 0.15 
Commercial Real Estate 1,083  60  213  1,356 1.85 
Total $ 2,035  $ 81  $ 227  $ 2,343 0.42 
The table below presents the September 30, 2022 unpaid principal balance, carrying value, and average pre- and post-modification interest rates of consumer real estate loans that were modified in TDRs during the three and nine months ended September 30, 2022. The following Consumer Real Estate portfolio segment tables include loans that were initially classified as TDRs during the period and also loans that had previously been classified as TDRs and were modified again during the period. Binding trial modifications are classified as TDRs when the trial offer is made and continue to be classified as TDRs regardless of whether the borrower enters into a permanent modification.
At December 31, 2022, remaining commitments to lend additional funds to debtors whose terms have been modified in a consumer real estate TDR were not significant.
Consumer Real Estate – TDRs Entered into During the Three and Nine Months Ended September 30, 2022
Unpaid Principal Balance Carrying
Value
Pre-Modification Interest Rate
Post-Modification Interest Rate (1)
Unpaid Principal Balance Carrying
Value
Pre-Modification Interest Rate
Post-Modification Interest Rate (1)
(Dollars in millions) Three Months Ended September 30, 2022 Nine Months Ended September 30, 2022
Residential mortgage $ 420  $ 379  3.35  % 3.34  % $ 1,036  $ 929  3.50  % 3.36  %
Home equity 99  86  4.58