Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Loans The period end loan composition was as follows: ($ in thousands) Mar 31, 2024 Dec 31, 2023 Commercial and industrial $ 9,858,329 $ 9,731,555 Commercial real estate — owner occupied 1,095,894 1,061,700 Commercial and business lending 10,954,223 10,793,255 Commercial real estate — investor 5,035,195 5,124,245 Real estate construction 2,287,041 2,271,398 Commercial real estate lending 7,322,237 7,395,644 Total commercial 18,276,460 18,188,898 Residential mortgage 7,868,180 7,864,891 Auto finance 2,471,257 2,256,162 Home equity 619,764 628,526 Other consumer 258,603 277,740 Total consumer 11,217,802 11,027,319 Total loans $ 29,494,263 $ 29,216,218 Accrued interest receivable on loans totaled $133 million at March 31, 2024, and $132 million at December 31, 2023, and is included in interest receivable on the consolidated balance sheets. Interest accrued but not received is reversed against interest income when a loan is placed on nonaccrual. The following table presents loans by credit quality indicator by origination year at March 31, 2024: Term Loans Amortized Cost Basis by Origination Year (a) ($ in thousands) Rev Loans Converted to Term (a) Rev Loans Amortized Cost Basis YTD 2024 2023 2022 2021 2020 Prior Total Commercial and industrial: Risk rating: Pass $ 279 $ 1,732,197 $ 318,587 $ 1,758,151 $ 2,806,636 $ 1,701,638 $ 380,164 $ 774,950 $ 9,472,322 Special mention — 14,287 — 13,305 24,216 27,909 3,392 865 83,973 Substandard 434 23,288 44,013 2,283 82,394 59,491 17,184 1,138 229,791 Nonaccrual 3,157 — 2,938 12,629 14,495 17,599 — 24,582 72,243 Commercial and industrial $ 3,869 $ 1,769,772 $ 365,538 $ 1,786,369 $ 2,927,740 $ 1,806,637 $ 400,739 $ 801,535 $ 9,858,329 Commercial real estate - owner occupied: Risk rating: Pass $ — $ 11,455 $ 56,257 $ 196,065 $ 191,357 $ 234,852 $ 133,883 $ 218,224 $ 1,042,093 Special mention — 94 — — — — — — 94 Substandard — 950 2,667 18,003 2,083 12,376 8,423 7,114 51,616 Nonaccrual — — 722 1,368 — — — — 2,090 Commercial real estate - owner occupied $ — $ 12,500 $ 59,646 $ 215,436 $ 193,440 $ 247,228 $ 142,306 $ 225,339 $ 1,095,894 Commercial and business lending: Risk rating: Pass $ 279 $ 1,743,652 $ 374,844 $ 1,954,216 $ 2,997,992 $ 1,936,490 $ 514,047 $ 993,174 $ 10,514,415 Special mention — 14,381 — 13,305 24,216 27,909 3,392 865 84,068 Substandard 434 24,239 46,680 20,286 84,477 71,867 25,606 8,252 281,408 Nonaccrual 3,157 — 3,659 13,997 14,495 17,599 — 24,582 74,333 Commercial and business lending $ 3,869 $ 1,782,272 $ 425,184 $ 2,001,805 $ 3,121,180 $ 2,053,865 $ 543,045 $ 1,026,873 $ 10,954,223 Commercial real estate - investor: Risk rating: Pass $ — $ 131,383 $ 196,066 $ 1,162,643 $ 1,274,328 $ 1,014,759 $ 418,534 $ 550,600 $ 4,748,313 Special mention — 502 — — 22,494 9,238 — 35,614 67,848 Substandard — — 38,662 94,918 33,540 25,949 975 6,293 200,338 Nonaccrual — — — — — — — 18,697 18,697 Commercial real estate - investor $ — $ 131,886 $ 234,727 $ 1,257,561 $ 1,330,362 $ 1,049,946 $ 419,509 $ 611,204 $ 5,035,195 Real estate construction: Risk rating: Pass $ — $ 24,266 $ 58,519 $ 474,768 $ 1,177,598 $ 494,047 $ 45,034 $ 12,792 $ 2,287,023 Nonaccrual — — — — — — — 18 18 Real estate construction $ — $ 24,266 $ 58,519 $ 474,768 $ 1,177,598 $ 494,047 $ 45,034 $ 12,810 $ 2,287,041 Commercial real estate lending: Risk rating: Pass $ — $ 155,649 $ 254,585 $ 1,637,410 $ 2,451,926 $ 1,508,806 $ 463,568 $ 563,392 $ 7,035,336 Special mention — 502 — — 22,494 9,238 — 35,614 67,848 Substandard — — 38,662 94,918 33,540 25,949 975 6,293 200,338 Nonaccrual — — — — — — — 18,715 18,715 Commercial real estate lending $ — $ 156,151 $ 293,246 $ 1,732,329 $ 2,507,960 $ 1,543,993 $ 464,543 $ 624,014 $ 7,322,237 Total commercial: Risk rating: Pass $ 279 $ 1,899,301 $ 629,429 $ 3,591,627 $ 5,449,918 $ 3,445,296 $ 977,615 $ 1,556,566 $ 17,549,751 Special mention — 14,883 — 13,305 46,710 37,146 3,392 36,480 151,916 Substandard 434 24,239 85,342 115,205 118,017 97,816 26,582 14,545 481,745 Nonaccrual 3,157 — 3,659 13,997 14,495 17,599 — 43,297 93,047 Total commercial $ 3,869 $ 1,938,423 $ 718,430 $ 3,734,133 $ 5,629,140 $ 3,597,858 $ 1,007,588 $ 1,650,888 $ 18,276,460 Term Loans Amortized Cost Basis by Origination Year (a) ($ in thousands) Rev Loans Converted to Term (a) Rev Loans Amortized Cost Basis YTD 2024 2023 2022 2021 2020 Prior Total Residential mortgage: Risk rating: Pass $ — $ — $ 23,550 $ 396,223 $ 1,657,013 $ 2,086,129 $ 1,389,566 $ 2,244,891 $ 7,797,372 Special mention — — — — — — — 94 94 Substandard — — — 467 92 — — 199 759 Nonaccrual — — 877 1,264 10,501 9,712 8,575 39,026 69,954 Residential mortgage $ — $ — $ 24,427 $ 397,954 $ 1,667,606 $ 2,095,841 $ 1,398,141 $ 2,284,210 $ 7,868,180 Auto finance: Risk rating: Pass $ — $ — $ 384,126 $ 1,133,964 $ 874,922 $ 68,423 $ 137 $ 352 $ 2,461,925 Special mention — — — 634 1,398 117 — — 2,148 Substandard — — — 26 — — — — 26 Nonaccrual — — 21 1,682 4,898 554 — 2 7,158 Auto finance $ — $ — $ 384,147 $ 1,136,306 $ 881,218 $ 69,094 $ 137 $ 354 $ 2,471,257 Home equity: Risk rating: Pass $ 3,830 $ 514,998 $ 21 $ 1,508 $ 29,539 $ 5,949 $ 2,278 $ 56,995 $ 611,286 Special mention 17 53 — 46 38 — — 175 312 Substandard — — — 9 — — — 56 65 Nonaccrual 505 76 31 — 671 141 120 7,061 8,100 Home equity $ 4,352 $ 515,127 $ 51 $ 1,563 $ 30,248 $ 6,090 $ 2,398 $ 64,286 $ 619,764 Other consumer: Risk rating: Pass $ 75 $ 186,540 $ 1,489 $ 4,995 $ 2,823 $ 1,474 $ 781 $ 57,722 $ 255,824 Special mention 3 850 — 14 24 6 7 3 904 Substandard — 1,788 — — — — — — 1,788 Nonaccrual 4 61 — 9 7 — — 11 87 Other consumer $ 82 $ 189,238 $ 1,489 $ 5,018 $ 2,854 $ 1,480 $ 788 $ 57,735 $ 258,603 Total consumer: Risk rating: Pass $ 3,905 $ 701,538 $ 409,186 $ 1,536,690 $ 2,564,297 $ 2,161,975 $ 1,392,762 $ 2,359,959 $ 11,126,407 Special mention 20 904 — 694 1,459 123 7 272 3,459 Substandard — 1,788 — 502 92 — — 255 2,637 Nonaccrual 509 137 928 2,955 16,077 10,407 8,695 46,100 85,299 Total consumer $ 4,434 $ 704,365 $ 410,115 $ 1,540,841 $ 2,581,926 $ 2,172,506 $ 1,401,464 $ 2,406,586 $ 11,217,802 Total loans: Risk rating: Pass $ 4,184 $ 2,600,839 $ 1,038,615 $ 5,128,316 $ 8,014,215 $ 5,607,272 $ 2,370,376 $ 3,916,525 $ 28,676,159 Special mention 20 15,787 — 13,999 48,169 37,270 3,399 36,752 155,375 Substandard 434 26,026 85,342 115,707 118,109 97,816 26,582 14,800 484,383 Nonaccrual 3,666 137 4,588 16,952 30,572 28,007 8,695 89,396 178,346 Total loans $ 8,303 $ 2,642,788 $ 1,128,545 $ 5,274,974 $ 8,211,066 $ 5,770,365 $ 2,409,052 $ 4,057,474 $ 29,494,263 (a) Revolving loans converted to term loans are those converted during the reporting period and are also reported in their year of origination. The following table presents loans by credit quality indicator by origination year at December 31, 2023: Term Loans Amortized Cost Basis by Origination Year (a) ($ in thousands) Rev Loans Converted to Term (a) Rev Loans Amortized Cost Basis 2023 2022 2021 2020 2019 Prior Total Commercial and industrial: Risk rating: Pass $ 1,380 $ 1,693,249 $ 1,736,617 $ 2,877,173 $ 1,824,362 $ 398,046 $ 383,695 $ 449,006 $ 9,362,149 Special mention — 21,779 4,017 46,610 8,525 3,529 — 25,341 109,801 Substandard 804 81,924 10,515 39,748 47,279 17,732 94 291 197,582 Nonaccrual 6,414 — 13,317 14,188 33,891 627 — — 62,022 Commercial and industrial $ 8,598 $ 1,796,951 $ 1,764,466 $ 2,977,719 $ 1,914,057 $ 419,934 $ 383,789 $ 474,638 $ 9,731,555 Commercial real estate - owner occupied: Risk rating: Pass $ — $ 15,393 $ 204,039 $ 188,003 $ 239,218 $ 136,535 $ 135,730 $ 92,339 $ 1,011,259 Special mention — 271 — — 6,150 2,635 — 1,293 10,349 Substandard — 292 14,735 2,791 6,416 8,537 3,086 2,841 38,699 Nonaccrual — — 1,394 — — — — — 1,394 Commercial real estate - owner occupied $ — $ 15,957 $ 220,168 $ 190,794 $ 251,783 $ 147,708 $ 138,816 $ 96,473 $ 1,061,700 Commercial and business lending: Risk rating: Pass $ 1,380 $ 1,708,642 $ 1,940,657 $ 3,065,177 $ 2,063,580 $ 534,581 $ 519,426 $ 541,345 $ 10,373,408 Special mention — 22,050 4,017 46,610 14,675 6,164 — 26,634 120,150 Substandard 804 82,216 25,250 42,539 53,695 26,269 3,180 3,132 236,281 Nonaccrual 6,414 — 14,710 14,188 33,891 627 — — 63,416 Commercial and business lending $ 8,598 $ 1,812,909 $ 1,984,635 $ 3,168,514 $ 2,165,840 $ 567,642 $ 522,606 $ 571,111 $ 10,793,255 Commercial real estate - investor: Risk rating: Pass $ — $ 155,109 $ 1,263,866 $ 1,247,434 $ 1,080,425 $ 471,371 $ 358,996 $ 239,230 $ 4,816,433 Special mention — 502 4,248 25,474 26,208 — 29,772 6,014 92,218 Substandard — — 106,002 69,584 15,000 983 — 24,025 215,595 Commercial real estate - investor $ — $ 155,611 $ 1,374,116 $ 1,342,492 $ 1,121,633 $ 472,355 $ 388,768 $ 269,269 $ 5,124,245 Real estate construction: Risk rating: Pass $ — $ 23,307 $ 422,277 $ 1,176,608 $ 547,825 $ 87,680 $ 5,740 $ 7,954 $ 2,271,392 Nonaccrual — — — — — — — 6 6 Real estate construction $ — $ 23,307 $ 422,277 $ 1,176,608 $ 547,825 $ 87,680 $ 5,740 $ 7,960 $ 2,271,398 Commercial real estate lending: Risk rating: Pass $ — $ 178,416 $ 1,686,143 $ 2,424,042 $ 1,628,250 $ 559,052 $ 364,737 $ 247,184 $ 7,087,824 Special mention — 502 4,248 25,474 26,208 — 29,772 6,014 92,218 Substandard — — 106,002 69,584 15,000 983 — 24,025 215,595 Nonaccrual — — — — — — — 6 6 Commercial real estate lending $ — $ 178,918 $ 1,796,393 $ 2,519,100 $ 1,669,458 $ 560,035 $ 394,508 $ 277,230 $ 7,395,644 Term Loans Amortized Cost Basis by Origination Year (a) ($ in thousands) Rev Loans Converted to Term (a) Rev Loans Amortized Cost Basis 2023 2022 2021 2020 2019 Prior Total Total commercial: Risk rating: Pass $ 1,380 $ 1,887,058 $ 3,626,800 $ 5,489,219 $ 3,691,830 $ 1,093,633 $ 884,162 $ 788,529 $ 17,461,232 Special mention — 22,552 8,265 72,084 40,882 6,164 29,772 32,648 212,368 Substandard 804 82,216 131,253 112,123 68,695 27,253 3,180 27,157 451,876 Nonaccrual 6,414 — 14,710 14,188 33,891 627 — 6 63,422 Total commercial $ 8,598 $ 1,991,827 $ 3,781,028 $ 5,687,614 $ 3,835,298 $ 1,127,677 $ 917,114 $ 848,341 $ 18,188,898 Residential mortgage: Risk rating: Pass $ — $ — $ 352,321 $ 1,617,409 $ 2,110,577 $ 1,414,186 $ 647,778 $ 1,650,542 $ 7,792,813 Special mention — — — — — — 95 57 152 Substandard — — 490 93 — — 174 26 784 Nonaccrual — — 1,425 9,567 9,259 10,397 6,628 33,865 71,142 Residential mortgage $ — $ — $ 354,236 $ 1,627,070 $ 2,119,836 $ 1,424,583 $ 654,675 $ 1,684,490 $ 7,864,891 Auto finance: Risk rating: Pass $ — $ — $ 1,218,820 $ 952,839 $ 75,209 $ 163 $ 456 $ 132 $ 2,247,618 Special mention — — 619 1,850 205 — — — 2,674 Substandard — — — 73 — — — — 73 Nonaccrual — — 1,032 4,332 430 — 3 — 5,797 Auto finance $ — $ — $ 1,220,471 $ 959,094 $ 75,844 $ 163 $ 458 $ 132 $ 2,256,162 Home equity: Risk rating: Pass $ 8,703 $ 521,000 $ 1,678 $ 29,863 $ 6,084 $ 2,327 $ 4,891 $ 53,350 $ 619,192 Special mention 179 200 — 87 — 29 15 378 708 Substandard 10 75 10 — — — 33 — 118 Nonaccrual 1,302 160 29 495 132 144 368 7,180 8,508 Home equity $ 10,195 $ 521,434 $ 1,717 $ 30,445 $ 6,217 $ 2,500 $ 5,308 $ 60,907 $ 628,526 Other consumer: Risk rating: Pass $ 121 $ 196,632 $ 6,419 $ 3,732 $ 2,658 $ 1,127 $ 460 $ 64,121 $ 275,149 Special mention 26 843 9 — 3 20 — 6 881 Substandard — 1,582 — — — — — — 1,582 Nonaccrual 27 71 10 1 6 2 8 29 128 Other consumer $ 174 $ 199,129 $ 6,438 $ 3,733 $ 2,668 $ 1,149 $ 468 $ 64,156 $ 277,740 Total consumer: Risk rating: Pass $ 8,824 $ 717,632 $ 1,579,238 $ 2,603,843 $ 2,194,529 $ 1,417,802 $ 653,584 $ 1,768,145 $ 10,934,773 Special mention 205 1,043 628 1,936 208 49 110 441 4,416 Substandard 10 1,656 500 166 — — 207 26 2,556 Nonaccrual 1,330 231 2,496 14,396 9,827 10,544 7,007 41,073 85,574 Total consumer $ 10,369 $ 720,563 $ 1,582,862 $ 2,620,341 $ 2,204,564 $ 1,428,395 $ 660,909 $ 1,809,685 $ 11,027,319 Total loans: Risk rating: Pass $ 10,204 $ 2,604,690 $ 5,206,038 $ 8,093,062 $ 5,886,359 $ 2,511,435 $ 1,537,747 $ 2,556,674 $ 28,396,005 Special mention 205 23,595 8,893 74,020 41,091 6,213 29,882 33,089 216,784 Substandard 814 83,872 131,753 112,289 68,695 27,253 3,387 27,183 454,432 Nonaccrual 7,744 231 17,206 28,584 43,718 11,170 7,007 41,080 148,997 Total loans $ 18,966 $ 2,712,389 $ 5,363,890 $ 8,307,956 $ 6,039,862 $ 2,556,071 $ 1,578,023 $ 2,658,026 $ 29,216,218 (a) Revolving loans converted to term loans are those converted during the reporting period and are also reported in their year of origination. The following table presents gross charge offs by origination year for the three months ended March 31, 2024: Gross Charge Offs by Origination Year ($ in thousands) Rev Loans Amortized Cost Basis YTD 2024 2023 2022 2021 2020 Prior Total Commercial and industrial $ 1,024 $ — $ 125 $ 553 $ 17,724 $ 3 $ — $ 19,429 Commercial real estate-owner occupied — — — — — — 3 3 Commercial and business lending 1,024 — 125 553 17,724 3 3 19,432 Total commercial 1,024 — 125 553 17,724 3 3 19,432 Residential mortgage — — 40 — — 2 47 89 Auto finance — — 767 1,675 158 — — 2,600 Home equity 93 — — — — — 15 108 Other consumer 1,688 — 15 8 17 28 34 1,790 Total consumer 1,782 — 822 1,683 175 30 95 4,586 Total gross charge offs $ 2,806 $ — $ 947 $ 2,236 $ 17,899 $ 33 $ 98 $ 24,018 The following table presents gross charge offs by origination year for the year ended December 31, 2023: Gross Charge Offs by Origination Year ($ in thousands) Rev Loans Amortized Cost Basis 2023 2022 2021 2020 2019 Prior Total Commercial and industrial $ 4,130 $ 717 $ 9,594 $ 25,270 $ 5,958 $ — $ 18 $ 45,687 Commercial real estate-owner occupied — — — — — 25 — 25 Commercial and business lending 4,130 717 9,594 25,270 5,958 25 18 45,713 Commercial real estate-investor — — — — — — 252 252 Real estate construction — — — — — — 25 25 Commercial real estate lending — — — — — — 277 277 Total commercial 4,130 717 9,594 25,270 5,958 25 295 45,989 Residential mortgage — 2 32 42 148 5 723 952 Auto finance — 795 4,524 626 — 5 — 5,950 Home equity 53 21 3 31 — 22 294 424 Other consumer 4,884 — 72 124 131 72 170 5,453 Total consumer 4,937 818 4,630 823 279 105 1,187 12,779 Total gross charge offs $ 9,068 $ 1,535 $ 14,224 $ 26,093 $ 6,237 $ 130 $ 1,482 $ 58,768 Factors that are important to managing overall credit quality are sound loan underwriting and administration, systematic monitoring of existing loans and commitments, effective loan review on an ongoing basis, early identification of potential problems, and appropriate policies for ACLL, nonaccrual loans, and charge offs. For commercial loans, management has determined the pass credit quality indicator to include credits exhibiting acceptable financial statements, cash flow, and leverage. If any risk exists, it is mitigated by the loan structure, collateral, monitoring, or control. For consumer loans, performing loans include credits performing in accordance with the original contractual terms. Loans are considered past due if the required principal and interest payments have not been received as of the date such payments were due. Special mention credits have potential weaknesses that warrant specific attention from management. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the credit. Accruing loan modifications could be pass or special mention, depending on the risk rating on the loan. Substandard loans are considered inadequately protected by the current net worth and paying capacity of the obligor or the collateral pledged. These loans generally have a well-defined weakness, or weaknesses, which may jeopardize liquidation of the debt, and are characterized by the distinct possibility the Corporation will sustain some loss if the deficiencies are not corrected. Management has determined commercial loan relationships in nonaccrual status, and commercial and consumer loan relationships with their terms restructured in a loan modification, meet the criteria to be individually evaluated. Commercial loans classified as special mention, substandard, and nonaccrual are reviewed at a minimum on a quarterly basis, while pass credits, which are performing rated credits, are generally reviewed on an annual basis or more frequently if the loan renewal is less than one year or if otherwise warranted. The following table presents loans by past due status at March 31, 2024: Accruing ($ in thousands) Current 30-59 Days 60-89 Days 90+ Days Nonaccrual (a)(b) Total Commercial and industrial $ 9,785,140 $ 371 $ 150 $ 426 $ 72,243 $ 9,858,329 Commercial real estate - owner occupied 1,093,804 — — — 2,090 1,095,894 Commercial and business lending 10,878,944 371 150 426 74,333 10,954,223 Commercial real estate - investor 4,997,335 — 19,164 — 18,697 5,035,195 Real estate construction 2,285,763 1,260 — — 18 2,287,041 Commercial real estate lending 7,283,098 1,260 19,164 — 18,715 7,322,237 Total commercial 18,162,042 1,631 19,314 426 93,047 18,276,460 Residential mortgage 7,788,322 9,808 94 — 69,954 7,868,180 Auto finance 2,451,552 10,373 2,148 26 7,158 2,471,257 Home equity 608,821 2,506 312 24 8,100 619,764 Other consumer 254,313 1,298 963 1,942 87 258,603 Total consumer 11,103,009 23,985 3,517 1,992 85,299 11,217,802 Total loans $ 29,265,051 $ 25,617 $ 22,831 $ 2,417 $ 178,346 $ 29,494,263 (a) Of the total nonaccrual loans, $98 million, or 55%, were current with respect to payment at March 31, 2024. (b) No interest income was recognized on nonaccrual loans for the three months ended March 31, 2024. In addition, there were $20 million of nonaccrual loans for which there was no related ACLL at March 31, 2024. The following table presents loans by past due status at December 31, 2023: Accruing ($ in thousands) Current 30-59 Days 60-89 Days 90+ Days Nonaccrual (a)(b) Total Commercial and industrial $ 9,663,587 $ 5,374 $ 191 $ 380 $ 62,022 $ 9,731,555 Commercial real estate - owner occupied 1,059,948 — 358 — 1,394 1,061,700 Commercial and business lending 10,723,536 5,374 549 380 63,416 10,793,255 Commercial real estate - investor 5,086,117 — 18,697 19,432 — 5,124,245 Real estate construction 2,271,392 — — — 6 2,271,398 Commercial real estate lending 7,357,509 — 18,697 19,432 6 7,395,644 Total commercial 18,081,044 5,374 19,246 19,812 63,422 18,188,898 Residential mortgage 7,780,304 13,294 152 — 71,142 7,864,891 Auto finance 2,232,906 14,712 2,674 73 5,797 2,256,162 Home equity 615,810 3,500 708 — 8,508 628,526 Other consumer 273,644 1,233 932 1,803 128 277,740 Total consumer 10,902,664 32,739 4,467 1,876 85,574 11,027,319 Total loans $ 28,983,708 $ 38,113 $ 23,712 $ 21,689 $ 148,997 $ 29,216,218 (a) Of the total nonaccrual loans, $80 million, or 53%, were current with respect to payment at December 31, 2023. (b) No interest income was recognized on nonaccrual loans for the year ended December 31, 2023. In addition, there were $23 million of nonaccrual loans for which there was no related ACLL at December 31, 2023. Loan Modifications The following tables show the composition of loan modifications made to borrowers experiencing financial difficulty by the loan portfolio and type of concessions granted during the three months ended March 31, 2024 and March 31, 2023. Each of the types of concessions granted comprised less than 1% of their respective classes of loan portfolios at March 31, 2024. Interest Rate Concession Amortized Cost ($ in thousands) March 31, 2024 March 31, 2023 Commercial and industrial $ 159 $ 47 Auto 46 61 Home equity — 31 Other consumer 534 498 Total loans modified $ 739 $ 637 Term Extension Amortized Cost ($ in thousands) March 31, 2024 March 31, 2023 Residential mortgage $ — $ 209 Total loans modified $ — $ 209 Combination - Interest Rate Concession and Term Extension Amortized Cost ($ in thousands) March 31, 2024 March 31, 2023 Residential mortgage $ 643 $ 165 Home equity 31 93 Total loans modified $ 674 $ 258 The following tables summarize, by loan portfolio, the financial effect of the Corporation's loan modifications on the modified loans as of March 31, 2024 and March 31, 2023: Interest Rate Concession Financial Effect, Weighted Average Contractual Interest Rate (Decrease) Increase (a) Loan Type March 31, 2024 March 31, 2023 Commercial and industrial (16) % (16) % Residential mortgage 3 % — % Auto (9) % (2) % Home equity (3) % 1 % Other consumer (21) % (20) % Weighted average of total loans modified (9) % (17) % (a) Due to market conditions, some interest rate concessions on floating rate loans may involve an increase in rate that was lower in comparison to the rate of increase for floating rate loans not modified. Term Extension Financial Effect, Weighted Average Term Increase (a) Loan Type March 31, 2024 March 31, 2023 Residential mortgage 158 months 26 months Home equity 64 months 0 months Weighted average of total loans modified 153 months 26 months (a) During the three months ended March 31, 2024 and March 31, 2023, term extensions changed the weighted average term on modified loans from 254 to 407 months and 334 to 360 months, respectively. The Corporation closely monitors the performance of loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following table depicts the performance of loans that have been modified in the twelve months ended March 31, 2024: Payment Status (Amortized Cost Basis) ($ in thousands) Current 30-89 Days Past Due 90+ Days Past Due Nonaccrual Commercial and industrial $ 377 $ — $ — $ — Residential mortgage 345 — — 991 Auto 63 3 — 11 Home equity 135 47 — 139 Other consumer 1,487 — — — Total loans modified $ 2,407 $ 50 $ — $ 1,141 The following table depicts the performance of loans that have been modified in the three months ended March 31, 2023: Payment Status (Amortized Cost Basis) ($ in thousands) Current 30-89 Days Past Due 90+ Days Past Due Nonaccrual Commercial and industrial $ 47 $ — $ — $ — Residential mortgage 126 — — 248 Auto 61 — — — Home equity 31 — — 93 Other consumer 498 — — — Total loans modified $ 763 $ — $ — $ 341 The following table provides the amortized cost of loan modifications by loan portfolio and type of concession that were modified in the previous twelve months and subsequently had a payment default during the three months ended March 31, 2024: Amortized Cost of Loan Modifications that Subsequently Defaulted ($ in thousands) Interest Rate Concession Term Extension Combination Interest Rate Reduction and Term Extension Auto $ 11 $ — $ — Total loans modified $ 11 $ — $ — The following table provides the amortized cost of loan modifications by loan portfolio and type of concession that were modified in the previous three months and subsequently had a payment default during the three months ended March 31, 2023: Amortized Cost of Loan Modifications that Subsequently Defaulted ($ in thousands) Interest Rate Concession Term Extension Combination Interest Rate Reduction and Term Extension Home equity $ — $ — $ 60 Total loans modified $ — $ — $ 60 The nature and extent of the impairment of modified loans, including those which have experienced a subsequent payment default, are considered in the determination of an appropriate level of the ACLL. Allowance for Credit Losses on Loans The ACLL is comprised of the allowance for loan losses and the allowance for unfunded commitments. The level of the ACLL represents management’s estimate of an amount appropriate to provide for expected lifetime credit losses in the loan portfolio at the balance sheet date. The expected lifetime credit losses are the product of multiplying the Corporation's estimates of probability of default, loss given default, and the individual loan level exposure at default on an undiscounted basis. A main factor in the determination of the ACLL is the economic forecast. The forecast the Corporation used for March 31, 2024 was the Moody's baseline scenario from February 2024, which was reviewed against the March 2024 baseline scenario with no material updates made, over a two year reasonable and supportable period with straight-line reversion to the historical losses over the second year of the period. The allowance for unfunded commitments is maintained at a level believed by management to be sufficient to absorb expected lifetime losses related to unfunded credit facilities (including unfunded loan commitments and letters of credit). See Note 11 for additional information on the change in the allowance for unfunded commitments. The following table presents a summary of the changes in the ACLL by portfolio segment for the three months ended March 31, 2024: ($ in thousands) Dec 31, 2023 Charge offs Recoveries Net Charge offs Provision for credit losses Mar 31, 2024 ACLL / Loans Allowance for loan losses Commercial and industrial $ 128,263 $ (19,429) $ 791 $ (18,638) $ 23,202 $ 132,826 Commercial real estate — owner occupied 10,610 (3) 5 2 1,768 12,381 Commercial and business lending 138,873 (19,432) 796 (18,636) 24,970 145,207 Commercial real estate — investor 67,858 — — — 4,137 71,995 Real estate construction 53,554 — 30 30 (4,281) 49,303 Commercial real estate lending 121,412 — 30 30 (144) 121,298 Total commercial 260,285 (19,432) 826 (18,606) 24,826 266,506 Residential mortgage 37,808 (89) 27 (62) (1,831) 35,915 Auto finance 24,961 (2,600) 506 (2,094) 3,248 26,114 Home equity 15,403 (108) 319 211 (874) 14,740 Other consumer 12,638 (1,790) 252 (1,537) 1,630 12,731 Total consumer 90,809 (4,586) 1,104 (3,482) 2,174 89,501 Total loans $ 351,094 $ (24,018) $ 1,930 $ (22,088) $ 27,000 $ 356,006 Allowance for unfunded commitments Commercial and industrial $ 13,319 $ — $ — $ — $ (757) $ 12,562 Commercial real estate — owner occupied 149 — — — 15 164 Commercial and business lending 13,468 — — — (742) 12,725 Commercial real estate — investor 480 — — — 37 517 Real estate construction 17,024 — — — (2,103) 14,921 Commercial real estate lending 17,504 — — — (2,066) 15,438 Total commercial 30,972 — — — (2,808) 28,164 Home equity 2,629 — — — (316) 2,313 Other consumer 1,174 — — — 124 1,298 Total consumer 3,803 — — — (192) 3,612 Total loans $ 34,776 $ — $ — $ — $ (3,000) $ 31,776 Allowance for credit losses on loans Commercial and industrial $ 141,582 $ (19,429) $ 791 $ (18,638) $ 22,445 $ 145,388 1.47 % Commercial real estate — owner occupied 10,759 (3) 5 2 1,783 12,544 1.14 % Commercial and business lending 152,341 (19,432) 796 (18,636) 24,227 157,933 1.44 % Commercial real estate — investor 68,338 — — — 4,174 72,512 1.44 % Real estate construction 70,578 — 30 30 (6,383) 64,225 2.81 % Commercial real estate lending 138,916 — 30 30 (2,209) 136,737 1.87 % Total commercial 291,257 (19,432) 826 (18,606) 22,018 294,669 1.61 % Residential mortgage 37,808 (89) 27 (62) (1,831) 35,915 0.46 % Auto finance 24,961 (2,600) 506 (2,094) 3,248 26,114 1.06 % Home equity 18,032 (108) 319 211 (1,190) 17,054 2.75 % Other consumer 13,812 (1,790) 252 (1,537) 1,755 14,029 5.43 % Total consumer 94,613 (4,586) 1,104 (3,482) 1,982 93,112 0.83 % Total loans $ 385,870 $ (24,018) $ 1,930 $ (22,088) $ 24,000 $ 387,782 1.31 % The following table presents a summary of the changes in the ACLL by portfolio segment for the year ended December 31, 2023: ($ in thousands) Dec 31, 2022 Charge offs Recoveries Net Charge offs Provision for credit losses Dec 31, 2023 ACLL / Loans Allowance for loan losses Commercial and industrial $ 119,076 $ (45,687) $ 3,015 $ (42,672) $ 51,859 $ 128,263 Commercial real estate — owner occupied 9,475 (25) 11 (15) 1,150 10,610 Commercial and business lending 128,551 (45,713) 3,026 (42,687) 53,009 138,873 Commercial real estate — investor 54,398 (252) 3,016 2,763 10,697 67,858 Real estate construction 45,589 (25) 80 55 7,910 53,554 Commercial real estate lending 99,986 (277) 3,095 2,819 18,607 121,412 Total commercial 228,538 (45,989) 6,121 (39,868) 71,616 260,285 Residential mortgage 38,298 (952) 541 (411) (79) 37,808 Auto finance 19,619 (5,950) 1,241 (4,709) 10,051 24,961 Home equity 14,875 (424) 1,262 837 (310) 15,403 Other consumer 11,390 (5,453) 978 (4,475) 5,723 12,638 Total consumer 84,182 (12,779) 4,021 (8,758) 15,384 90,809 Total loans $ 312,720 $ (58,768) $ 10,142 $ (48,626) $ 87,000 $ 351,094 Allowance for unfunded commitments Commercial and industrial $ 12,997 $ — $ — $ — $ 321 $ 13,319 Commercial real estate — owner occupied 103 — — — 46 149 Commercial and business lending 13,101 — — — 367 13,468 Commercial real estate — investor 710 — — — (230) 480 Real estate construction 20,583 — — — (3,558) 17,024 Commercial real estate lending 21,292 — — — (3,788) 17,504 Total commercial 34,393 — — — (3,421) 30,972 Home equity 2,699 — — — (70) 2,629 Other consumer 1,683 — — — (509) 1,174 Total consumer 4,382 — — — (579) 3,803 Total loans $ 38,776 $ — $ — $ — $ (4,000) $ 34,776 Allowance for credit losses on loans Commercial and industrial $ 132,073 $ (45,687) $ 3,015 $ (42,672) $ 52,181 $ 141,582 1.45 % Commercial real estate — owner occupied 9,579 (25) 11 (15) 1,195 10,759 1.01 % Commercial and business lending 141,652 (45,713) 3,026 (42,687) 53,376 152,341 1.41 % Commercial real estate — investor 55,108 (252) 3,016 2,763 10,467 68,338 1.33 % Real estate construction 66,171 (25) 80 55 4,351 70,578 3.11 % Commercial real estate lending 121,279 (277) 3,095 2,819 14,819 138,916 1.88 % Total commercial 262,931 (45,989) 6,121 (39,868) 68,195 291,257 1.60 % Residential mortgage 38,298 (952) 541 (411) (79) 37,808 0.48 % Auto finance 19,619 (5,950) 1,241 (4,709) 10,051 24,961 1.11 % Home equity 17,574 (424) 1,262 837 (380) 18,032 2.87 % Other consumer 13,073 (5,453) 978 (4,475) 5,214 13,812 4.97 % Total consumer 88,565 (12,779) 4,021 (8,758) 14,805 94,613 0.86 % Total loans $ 351,496 $ (58,768) $ 10,142 $ (48,626) $ 83,000 $ 385,870 1.32 % |