Allowance for Credit Losses (Tables)
|
12 Months Ended |
Dec. 31, 2019 |
|---|
| Receivables [Abstract] |
|
| Analysis Of The Allowance For Credit Losses By Portfolio Segment |
The following tables present analyses of the allowance for credit losses by portfolio segment for the years ended December 31, 2019, 2018 and 2017. The total allowance for loan losses and the related loan portfolio ending balances are disaggregated to detail the amounts derived through individual evaluation and collective evaluation for impairment. The allowance for loan losses related to individually evaluated loans is attributable to reserves for non-accrual commercial and investor real estate loans and all TDRs. The allowance for loan losses and the loan portfolio ending balances related to collectively evaluated loans is attributable to the remainder of the portfolio. | | | | | | | | | | | | | | | | | | 2019 | | Commercial | | Investor Real Estate | | Consumer | | Total | | (In millions) | Allowance for loan losses, January 1, 2019 | $ | 520 |
| | $ | 58 |
| | $ | 262 |
| | $ | 840 |
| Provision (credit) for loan losses | 138 |
| | (16 | ) | | 265 |
| | 387 |
| Loan losses: | | | | | | | | Charge-offs | (150 | ) | | (1 | ) | | (292 | ) | | (443 | ) | Recoveries | 29 |
| | 4 |
| | 52 |
| | 85 |
| Net loan losses | (121 | ) | | 3 |
| | (240 | ) | | (358 | ) | Allowance for loan losses, December 31, 2019 | 537 |
| | 45 |
| | 287 |
| | 869 |
| Reserve for unfunded credit commitments, January 1, 2019 | 47 |
| | 4 |
| | — |
| | 51 |
| Provision (credit) for unfunded credit losses | (6 | ) | | — |
| | — |
| | (6 | ) | Reserve for unfunded credit commitments, December 31, 2019 | 41 |
| | 4 |
| | — |
| | 45 |
| Allowance for credit losses, December 31, 2019 | $ | 578 |
| | $ | 49 |
| | $ | 287 |
| | $ | 914 |
| Portion of ending allowance for loan losses: | | | | | | | | Individually evaluated for impairment | $ | 120 |
| | $ | 4 |
| | $ | 29 |
| | $ | 153 |
| Collectively evaluated for impairment | 417 |
| | 41 |
| | 258 |
| | 716 |
| Total allowance for loan losses | $ | 537 |
| | $ | 45 |
| | $ | 287 |
| | $ | 869 |
| Portion of loan portfolio ending balance: | | | | | | | | Individually evaluated for impairment | $ | 537 |
| | $ | 34 |
| | $ | 381 |
| | $ | 952 |
| Collectively evaluated for impairment | 45,302 |
| | 6,523 |
| | 30,186 |
| | 82,011 |
| Total loans evaluated for impairment | $ | 45,839 |
| | $ | 6,557 |
| | $ | 30,567 |
| | $ | 82,963 |
|
| | | | | | | | | | | | | | | | | | 2018 | | Commercial | | Investor Real Estate | | Consumer | | Total | | (In millions) | Allowance for loan losses, January 1, 2018 | $ | 591 |
| | $ | 64 |
| | $ | 279 |
| | $ | 934 |
| Provision (credit) for loan losses | 32 |
| | (5 | ) | | 202 |
| | 229 |
| Loan losses: | | | | | | | | Charge-offs | (148 | ) | | (9 | ) | | (276 | ) | | (433 | ) | Recoveries | 45 |
| | 8 |
| | 57 |
| | 110 |
| Net loan losses | (103 | ) | | (1 | ) | | (219 | ) | | (323 | ) | Allowance for loan losses, December 31, 2018 | 520 |
| | 58 |
| | 262 |
| | 840 |
| Reserve for unfunded credit commitments, January 1, 2018 | 49 |
| | 4 |
| | — |
| | 53 |
| Provision (credit) for unfunded credit losses | (2 | ) | | — |
| | — |
| | (2 | ) | Reserve for unfunded credit commitments, December 31, 2018 | 47 |
| | 4 |
| | — |
| | 51 |
| Allowance for credit losses, December 31, 2018 | $ | 567 |
| | $ | 62 |
| | $ | 262 |
| | $ | 891 |
| Portion of ending allowance for loan losses: | | | | | | | | Individually evaluated for impairment | $ | 104 |
| | $ | 2 |
| | $ | 26 |
| | $ | 132 |
| Collectively evaluated for impairment | 416 |
| | 56 |
| | 236 |
| | 708 |
| Total allowance for loan losses | $ | 520 |
| | $ | 58 |
| | $ | 262 |
| | $ | 840 |
| Portion of loan portfolio ending balance: | | | | | | | | Individually evaluated for impairment | $ | 490 |
| | $ | 25 |
| | $ | 419 |
| | $ | 934 |
| Collectively evaluated for impairment | 44,725 |
| | 6,411 |
| | 31,082 |
| | 82,218 |
| Total loans evaluated for impairment | $ | 45,215 |
| | $ | 6,436 |
| | $ | 31,501 |
| | $ | 83,152 |
|
| | | | | | | | | | | | | | | | | | 2017 | | Commercial | | Investor Real Estate | | Consumer | | Total | | (In millions) | Allowance for loan losses, January 1, 2017 | $ | 753 |
| | $ | 85 |
| | $ | 253 |
| | $ | 1,091 |
| Provision (credit) for loan losses | (28 | ) | | (42 | ) | | 220 |
| | 150 |
| Loan losses: | | | | | | | | Charge-offs | (176 | ) | | (2 | ) | | (256 | ) | | (434 | ) | Recoveries | 42 |
| | 23 |
| | 62 |
| | 127 |
| Net loan losses | (134 | ) | | 21 |
| | (194 | ) | | (307 | ) | Allowance for loan losses, December 31, 2017 | 591 |
| | 64 |
| | 279 |
| | 934 |
| Reserve for unfunded credit commitments, January 1, 2017 | 64 |
| | 5 |
| | — |
| | 69 |
| Provision (credit) for unfunded credit losses | (15 | ) | | (1 | ) | | — |
| | (16 | ) | Reserve for unfunded credit commitments, December 31, 2017 | 49 |
| | 4 |
| | — |
| | 53 |
| Allowance for credit losses, December 31, 2017 | $ | 640 |
| | $ | 68 |
| | $ | 279 |
| | $ | 987 |
| Portion of ending allowance for loan losses: | | | | | | | | Individually evaluated for impairment | $ | 171 |
| | $ | 8 |
| | $ | 47 |
| | $ | 226 |
| Collectively evaluated for impairment | 420 |
| | 56 |
| | 232 |
| | 708 |
| Total allowance for loan losses | $ | 591 |
| | $ | 64 |
| | $ | 279 |
| | $ | 934 |
| Portion of loan portfolio ending balance: | | | | | | | | Individually evaluated for impairment | $ | 756 |
| | $ | 96 |
| | $ | 706 |
| | $ | 1,558 |
| Collectively evaluated for impairment | 41,884 |
| | 5,738 |
| | 30,767 |
| | 78,389 |
| Total loans evaluated for impairment | $ | 42,640 |
| | $ | 5,834 |
| | $ | 31,473 |
| | $ | 79,947 |
|
|
| Credit Quality Indicators Excluding Loans Held For Sale |
| | | | | | | | | | | | | | | | | | | | | | 2019 | | Pass | | Special Mention | | Substandard Accrual | | Non-accrual | | Total | | (In millions) | Commercial and industrial | $ | 38,318 |
| | $ | 598 |
| | $ | 708 |
| | $ | 347 |
| | $ | 39,971 |
| Commercial real estate mortgage—owner-occupied | 5,183 |
| | 110 |
| | 171 |
| | 73 |
| | 5,537 |
| Commercial real estate construction—owner-occupied | 304 |
| | 5 |
| | 11 |
| | 11 |
| | 331 |
| Total commercial | $ | 43,805 |
| | $ | 713 |
| | $ | 890 |
| | $ | 431 |
| | $ | 45,839 |
| Commercial investor real estate mortgage | $ | 4,738 |
| | $ | 171 |
| | $ | 25 |
| | $ | 2 |
| | $ | 4,936 |
| Commercial investor real estate construction | 1,602 |
| | 5 |
| | 14 |
| | — |
| | 1,621 |
| Total investor real estate | $ | 6,340 |
| | $ | 176 |
| | $ | 39 |
| | $ | 2 |
| | $ | 6,557 |
| | | | | | | | | | | | | | | | Accrual | | Non-accrual | | Total | | | | | | (In millions) | Residential first mortgage | | | | | $ | 14,458 |
| | $ | 27 |
| | $ | 14,485 |
| Home equity | | | | | 8,337 |
| | 47 |
| | 8,384 |
| Indirect—vehicles | | | | | 1,812 |
| | — |
| | 1,812 |
| Indirect—other consumer | | | | | 3,249 |
| | — |
| | 3,249 |
| Consumer credit card | | | | | 1,387 |
| | — |
| | 1,387 |
| Other consumer | | | | | 1,250 |
| | — |
| | 1,250 |
| Total consumer | | | | | $ | 30,493 |
| | $ | 74 |
| | $ | 30,567 |
| | | | | | | | | | $ | 82,963 |
|
| | | | | | | | | | | | | | | | | | | | | | 2018 | | Pass | | Special Mention | | Substandard Accrual | | Non-accrual | | Total | | (In millions) | Commercial and industrial | $ | 37,963 |
| | $ | 666 |
| | $ | 346 |
| | $ | 307 |
| | $ | 39,282 |
| Commercial real estate mortgage—owner-occupied | 5,193 |
| | 208 |
| | 81 |
| | 67 |
| | 5,549 |
| Commercial real estate construction—owner-occupied | 356 |
| | 7 |
| | 13 |
| | 8 |
| | 384 |
| Total commercial | $ | 43,512 |
| | $ | 881 |
| | $ | 440 |
| | $ | 382 |
| | $ | 45,215 |
| Commercial investor real estate mortgage | $ | 4,444 |
| | $ | 52 |
| | $ | 143 |
| | $ | 11 |
| | $ | 4,650 |
| Commercial investor real estate construction | 1,773 |
| | 6 |
| | 7 |
| | — |
| | 1,786 |
| Total investor real estate | $ | 6,217 |
| | $ | 58 |
| | $ | 150 |
| | $ | 11 |
| | $ | 6,436 |
| | | | | | | | | | | | | | | | Accrual | | Non-accrual | | Total | | | | | | (In millions) | Residential first mortgage | | | | | $ | 14,236 |
| | $ | 40 |
| | $ | 14,276 |
| Home equity | | | | | 9,194 |
| | 63 |
| | 9,257 |
| Indirect—vehicles | | | | | 3,053 |
| | — |
| | 3,053 |
| Indirect—other consumer | | | | | 2,349 |
| | — |
| | 2,349 |
| Consumer credit card | | | | | 1,345 |
| | — |
| | 1,345 |
| Other consumer | | | | | 1,221 |
| | — |
| | 1,221 |
| Total consumer | | | | | $ | 31,398 |
| | $ | 103 |
| | $ | 31,501 |
| | | | | | | | | | $ | 83,152 |
|
|
| Schedule Of Aging Analysis Of Days Past Due (DPD) For Each Portfolio Class |
The following tables include an aging analysis of DPD for each portfolio segment and class as of December 31, 2019 and 2018: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2019 | | Accrual Loans | | | | | | | | 30-59 DPD | | 60-89 DPD | | 90+ DPD | | Total 30+ DPD | | Total Accrual | | Non-accrual | | Total | | (In millions) | Commercial and industrial | $ | 30 |
| | $ | 21 |
| | $ | 11 |
| | $ | 62 |
| | $ | 39,624 |
| | $ | 347 |
| | $ | 39,971 |
| Commercial real estate mortgage—owner-occupied | 11 |
| | 3 |
| | 1 |
| | 15 |
| | 5,464 |
| | 73 |
| | 5,537 |
| Commercial real estate construction—owner-occupied | 2 |
| | — |
| | — |
| | 2 |
| | 320 |
| | 11 |
| | 331 |
| Total commercial | 43 |
| | 24 |
| | 12 |
| | 79 |
| | 45,408 |
| | 431 |
| | 45,839 |
| Commercial investor real estate mortgage | 1 |
| | 1 |
| | — |
| | 2 |
| | 4,934 |
| | 2 |
| | 4,936 |
| Commercial investor real estate construction | — |
| | — |
| | — |
| | — |
| | 1,621 |
| | — |
| | 1,621 |
| Total investor real estate | 1 |
| | 1 |
| | — |
| | 2 |
| | 6,555 |
| | 2 |
| | 6,557 |
| Residential first mortgage | 83 |
| | 47 |
| | 136 |
| | 266 |
| | 14,458 |
| | 27 |
| | 14,485 |
| Home equity | 42 |
| | 18 |
| | 42 |
| | 102 |
| | 8,337 |
| | 47 |
| | 8,384 |
| Indirect—vehicles | 31 |
| | 10 |
| | 7 |
| | 48 |
| | 1,812 |
| | — |
| | 1,812 |
| Indirect—other consumer | 16 |
| | 9 |
| | 3 |
| | 28 |
| | 3,249 |
| | — |
| | 3,249 |
| Consumer credit card | 11 |
| | 8 |
| | 19 |
| | 38 |
| | 1,387 |
| | — |
| | 1,387 |
| Other consumer | 13 |
| | 5 |
| | 5 |
| | 23 |
| | 1,250 |
| | — |
| | 1,250 |
| Total consumer | 196 |
| | 97 |
| | 212 |
| | 505 |
| | 30,493 |
| | 74 |
| | 30,567 |
| | $ | 240 |
| | $ | 122 |
| | $ | 224 |
| | $ | 586 |
| | $ | 82,456 |
| | $ | 507 |
| | $ | 82,963 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2018 | | Accrual Loans | | | | | | | | 30-59 DPD | | 60-89 DPD | | 90+ DPD | | Total 30+ DPD | | Total Accrual | | Non-accrual | | Total | | (In millions) | Commercial and industrial | $ | 80 |
| | $ | 22 |
| | $ | 8 |
| | $ | 110 |
| | $ | 38,975 |
| | $ | 307 |
| | $ | 39,282 |
| Commercial real estate mortgage—owner-occupied | 12 |
| | 7 |
| | — |
| | 19 |
| | 5,482 |
| | 67 |
| | 5,549 |
| Commercial real estate construction—owner-occupied | — |
| | — |
| | — |
| | — |
| | 376 |
| | 8 |
| | 384 |
| Total commercial | 92 |
| | 29 |
| | 8 |
| | 129 |
| | 44,833 |
| | 382 |
| | 45,215 |
| Commercial investor real estate mortgage | 6 |
| | — |
| | — |
| | 6 |
| | 4,639 |
| | 11 |
| | 4,650 |
| Commercial investor real estate construction | — |
| | — |
| | — |
| | — |
| | 1,786 |
| | — |
| | 1,786 |
| Total investor real estate | 6 |
| | — |
| | — |
| | 6 |
| | 6,425 |
| | 11 |
| | 6,436 |
| Residential first mortgage | 85 |
| | 53 |
| | 150 |
| | 288 |
| | 14,236 |
| | 40 |
| | 14,276 |
| Home equity | 47 |
| | 26 |
| | 34 |
| | 107 |
| | 9,194 |
| | 63 |
| | 9,257 |
| Indirect—vehicles | 40 |
| | 11 |
| | 9 |
| | 60 |
| | 3,053 |
| | — |
| | 3,053 |
| Indirect—other consumer | 13 |
| | 7 |
| | 1 |
| | 21 |
| | 2,349 |
| | — |
| | 2,349 |
| Consumer credit card | 12 |
| | 9 |
| | 20 |
| | 41 |
| | 1,345 |
| | — |
| | 1,345 |
| Other consumer | 15 |
| | 5 |
| | 5 |
| | 25 |
| | 1,221 |
| | — |
| | 1,221 |
| Total consumer | 212 |
| | 111 |
| | 219 |
| | 542 |
| | 31,398 |
| | 103 |
| | 31,501 |
| | $ | 310 |
| | $ | 140 |
| | $ | 227 |
| | $ | 677 |
| | $ | 82,656 |
| | $ | 496 |
| | $ | 83,152 |
|
|
| Schedule Of Impaired Loans |
The following tables present details related to the Company’s impaired loans as of December 31, 2019 and 2018. Loans deemed to be impaired include all TDRs and all non-accrual commercial and investor real estate loans, excluding leases. Loans that have been fully charged-off do not appear in the tables below. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Non-accrual Impaired Loans 2019 | | | | | | Book Value(3) | | | | | | Unpaid Principal Balance(1) | | Charge-offs and Payments Applied(2) | | Total Impaired Loans on Non-accrual Status | | Impaired Loans on Non-accrual Status with No Related Allowance | | Impaired Loans on Non-accrual Status with Related Allowance | | Related Allowance for Loan Losses | | Coverage %(4) | | (Dollars in millions) | Commercial and industrial | $ | 444 |
| | $ | 97 |
| | $ | 347 |
| | $ | 66 |
| | $ | 281 |
| | $ | 80 |
| | 39.9 | % | Commercial real estate mortgage—owner-occupied | 83 |
| | 10 |
| | 73 |
| | 8 |
| | 65 |
| | 20 |
| | 36.1 |
| Commercial real estate construction—owner-occupied | 13 |
| | 2 |
| | 11 |
| | 3 |
| | 8 |
| | 5 |
| | 53.8 |
| Total commercial | 540 |
| | 109 |
| | 431 |
| | 77 |
| | 354 |
| | 105 |
| | 39.6 |
| Commercial investor real estate mortgage | 2 |
| | — |
| | 2 |
| | — |
| | 2 |
| | 1 |
| | 50.0 |
| Total investor real estate | 2 |
| | — |
| | 2 |
| | — |
| | 2 |
| | 1 |
| | 50.0 |
| Residential first mortgage | 23 |
| | 7 |
| | 16 |
| | — |
| | 16 |
| | 2 |
| | 39.1 |
| Home equity | 6 |
| | 1 |
| | 5 |
| | — |
| | 5 |
| | — |
| | 16.7 |
| Total consumer | 29 |
| | 8 |
| | 21 |
| | — |
| | 21 |
| | 2 |
| | 34.5 |
| | $ | 571 |
| | $ | 117 |
| | $ | 454 |
| | $ | 77 |
| | $ | 377 |
| | $ | 108 |
| | 39.4 | % |
| | | | | | | | | | | | | | | | | | | | | Accruing Impaired Loans 2019 | | Unpaid Principal Balance(1) | | Charge-offs and Payments Applied(2) | | Book Value(3) | | Related Allowance for Loan Losses | | Coverage %(4) | | (Dollars in millions) | Commercial and industrial | $ | 93 |
| | $ | 1 |
| | $ | 92 |
| | $ | 14 |
| | 16.1 | % | Commercial real estate mortgage—owner-occupied | 15 |
| | 1 |
| | 14 |
| | 1 |
| | 13.3 |
| Total commercial | 108 |
| | 2 |
| | 106 |
| | 15 |
| | 15.7 |
| Commercial investor real estate mortgage | 25 |
| | 3 |
| | 22 |
| | 1 |
| | 16.0 |
| Commercial investor real estate construction | 10 |
| | — |
| | 10 |
| | 2 |
| | 20.0 |
| Total investor real estate | 35 |
| | 3 |
| | 32 |
| | 3 |
| | 17.1 |
| Residential first mortgage | 210 |
| | 9 |
| | 201 |
| | 20 |
| | 13.8 |
| Home equity | 154 |
| | — |
| | 154 |
| | 7 |
| | 4.5 |
| Consumer credit card | 1 |
| | — |
| | 1 |
| | — |
| | — |
| Other consumer | 4 |
| | — |
| | 4 |
| | — |
| | — |
| Total consumer | 369 |
| | 9 |
| | 360 |
| | 27 |
| | 9.8 |
| | $ | 512 |
| | $ | 14 |
| | $ | 498 |
| | $ | 45 |
| | 11.5 | % |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total Impaired Loans 2019 | | | | | | Book Value(3) | | | | | | Unpaid Principal Balance(1) | | Charge-offs and Payments Applied(2) | | Total Impaired Loans | | Impaired Loans with No Related Allowance | | Impaired Loans with Related Allowance | | Related Allowance for Loan Losses | | Coverage %(4) | | (Dollars in millions) | Commercial and industrial | $ | 537 |
| | $ | 98 |
| | $ | 439 |
| | $ | 66 |
| | $ | 373 |
| | $ | 94 |
| | 35.8 | % | Commercial real estate mortgage—owner-occupied | 98 |
| | 11 |
| | 87 |
| | 8 |
| | 79 |
| | 21 |
| | 32.7 |
| Commercial real estate construction—owner-occupied | 13 |
| | 2 |
| | 11 |
| | 3 |
| | 8 |
| | 5 |
| | 53.8 |
| Total commercial | 648 |
| | 111 |
| | 537 |
| | 77 |
| | 460 |
| | 120 |
| | 35.6 |
| Commercial investor real estate mortgage | 27 |
| | 3 |
| | 24 |
| | — |
| | 24 |
| | 2 |
| | 18.5 |
| Commercial investor real estate construction | 10 |
| | — |
| | 10 |
| | — |
| | 10 |
| | 2 |
| | 20.0 |
| Total investor real estate | 37 |
| | 3 |
| | 34 |
| | — |
| | 34 |
| | 4 |
| | 18.9 |
| Residential first mortgage | 233 |
| | 16 |
| | 217 |
| | — |
| | 217 |
| | 22 |
| | 16.3 |
| Home equity | 160 |
| | 1 |
| | 159 |
| | — |
| | 159 |
| | 7 |
| | 5.0 |
| Consumer credit card | 1 |
| | — |
| | 1 |
| | — |
| | 1 |
| | — |
| | — |
| Other consumer | 4 |
| | — |
| | 4 |
| | — |
| | 4 |
| | — |
| | — |
| Total consumer | 398 |
| | 17 |
| | 381 |
| | — |
| | 381 |
| | 29 |
| | 11.6 |
| | $ | 1,083 |
| | $ | 131 |
| | $ | 952 |
| | $ | 77 |
| | $ | 875 |
| | $ | 153 |
| | 26.2 | % |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Non-accrual Impaired Loans 2018 | | | | | | Book Value(3) | | | | | | Unpaid Principal Balance(1) | | Charge-offs and Payments Applied(2) | | Total Impaired Loans on Non-accrual Status | | Impaired Loans on Non-accrual Status with No Related Allowance | | Impaired Loans on Non-accrual Status with Related Allowance | | Related Allowance for Loan Losses | | Coverage %(4) | | (Dollars in millions) | Commercial and industrial | $ | 384 |
| | $ | 77 |
| | $ | 307 |
| | $ | 113 |
| | $ | 194 |
| | $ | 62 |
| | 36.2 | % | Commercial real estate mortgage—owner-occupied | 76 |
| | 9 |
| | 67 |
| | 13 |
| | 54 |
| | 23 |
| | 42.1 |
| Commercial real estate construction—owner-occupied | 9 |
| | 1 |
| | 8 |
| | — |
| | 8 |
| | 3 |
| | 44.4 |
| Total commercial | 469 |
| | 87 |
| | 382 |
| | 126 |
| | 256 |
| | 88 |
| | 37.3 |
| Commercial investor real estate mortgage | 11 |
| | — |
| | 11 |
| | 4 |
| | 7 |
| | 1 |
| | 9.1 |
| Total investor real estate | 11 |
| | — |
| | 11 |
| | 4 |
| | 7 |
| | 1 |
| | 9.1 |
| Residential first mortgage | 31 |
| | 8 |
| | 23 |
| | — |
| | 23 |
| | 2 |
| | 32.3 |
| Home equity | 11 |
| | 2 |
| | 9 |
| | — |
| | 9 |
| | — |
| | 18.2 |
| Total consumer | 42 |
| | 10 |
| | 32 |
| | — |
| | 32 |
| | 2 |
| | 28.6 |
| | $ | 522 |
| | $ | 97 |
| | $ | 425 |
| | $ | 130 |
| | $ | 295 |
| | $ | 91 |
| | 36.0 | % |
| | | | | | | | | | | | | | | | | | | | | Accruing Impaired Loans 2018 | | Unpaid Principal Balance(1) | | Charge-offs and Payments Applied(2) | | Book Value(3) | | Related Allowance for Loan Losses | | Coverage %(4) | | (Dollars in millions) | Commercial and industrial | $ | 84 |
| | $ | — |
| | $ | 84 |
| | $ | 14 |
| | 16.7 | % | Commercial real estate mortgage—owner-occupied | 26 |
| | 2 |
| | 24 |
| | 2 |
| | 15.4 |
| Total commercial | 110 |
| | 2 |
| | 108 |
| | 16 |
| | 16.4 |
| Commercial investor real estate mortgage | 15 |
| | 1 |
| | 14 |
| | 1 |
| | 13.3 |
| Total investor real estate | 15 |
| | 1 |
| | 14 |
| | 1 |
| | 13.3 |
| Residential first mortgage | 194 |
| | 9 |
| | 185 |
| | 18 |
| | 13.9 |
| Home equity | 195 |
| | — |
| | 195 |
| | 6 |
| | 3.1 |
| Consumer credit card | 1 |
| | — |
| | 1 |
| | — |
| | — |
| Other consumer | 6 |
| | — |
| | 6 |
| | — |
| | — |
| Total consumer | 396 |
| | 9 |
| | 387 |
| | 24 |
| | 8.3 |
| | $ | 521 |
| | $ | 12 |
| | $ | 509 |
| | $ | 41 |
| | 10.2 | % |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total Impaired Loans 2018 | | | | | | Book Value(3) | | | | | | Unpaid Principal Balance(1) | | Charge-offs and Payments Applied(2) | | Total Impaired Loans | | Impaired Loans with No Related Allowance | | Impaired Loans with Related Allowance | | Related Allowance for Loan Losses | | Coverage %(4) | | (Dollars in millions) | Commercial and industrial | $ | 468 |
| | $ | 77 |
| | $ | 391 |
| | $ | 113 |
| | $ | 278 |
| | $ | 76 |
| | 32.7 | % | Commercial real estate mortgage—owner-occupied | 102 |
| | 11 |
| | 91 |
| | 13 |
| | 78 |
| | 25 |
| | 35.3 |
| Commercial real estate construction—owner-occupied | 9 |
| | 1 |
| | 8 |
| | — |
| | 8 |
| | 3 |
| | 44.4 |
| Total commercial | 579 |
| | 89 |
| | 490 |
| | 126 |
| | 364 |
| | 104 |
| | 33.3 |
| Commercial investor real estate mortgage | 26 |
| | 1 |
| | 25 |
| | 4 |
| | 21 |
| | 2 |
| | 11.5 |
| Total investor real estate | 26 |
| | 1 |
| | 25 |
| | 4 |
| | 21 |
| | 2 |
| | 11.5 |
| Residential first mortgage | 225 |
| | 17 |
| | 208 |
| | — |
| | 208 |
| | 20 |
| | 16.4 |
| Home equity | 206 |
| | 2 |
| | 204 |
| | — |
| | 204 |
| | 6 |
| | 3.9 |
| Consumer credit card | 1 |
| | — |
| | 1 |
| | — |
| | 1 |
| | — |
| | — |
| Other consumer | 6 |
| | — |
| | 6 |
| | — |
| | 6 |
| | — |
| | — |
| Total consumer | 438 |
| | 19 |
| | 419 |
| | — |
| | 419 |
| | 26 |
| | 10.3 |
| | $ | 1,043 |
| | $ | 109 |
| | $ | 934 |
| | $ | 130 |
| | $ | 804 |
| | $ | 132 |
| | 23.1 | % |
_________ | | (1) | Unpaid principal balance represents the contractual obligation due from the customer and includes the net book value plus charge-offs and payments applied. |
| | (2) | Charge-offs and payments applied represents cumulative partial charge-offs taken, as well as interest payments received that have been applied against the outstanding principal balance. |
| | (3) | Book value represents the unpaid principal balance less charge-offs and payments applied; it is shown before any allowance for loan losses. |
| | (4) | Coverage % represents charge-offs and payments applied plus the related allowance as a percent of the unpaid principal balance. |
The following table presents the average balances of total impaired loans and interest income for the years ended December 31, 2019, 2018 and 2017. Interest income recognized represents interest on accruing loans modified in a TDR. | | | | | | | | | | | | | | | | | | | | | | | | | | 2019 | | 2018 | | 2017 | | Average
Balance | | Interest
Income
Recognized | | Average
Balance | | Interest
Income
Recognized | | Average
Balance | | Interest
Income
Recognized | | (In millions) | Commercial and industrial | $ | 409 |
| | $ | 5 |
| | $ | 486 |
| | $ | 9 |
| | $ | 747 |
| | $ | 12 |
| Commercial real estate mortgage—owner-occupied | 88 |
| | 1 |
| | 131 |
| | 6 |
| | 226 |
| | 5 |
| Commercial real estate construction—owner-occupied | 14 |
| | — |
| | 7 |
| | — |
| | 5 |
| | — |
| Total commercial | 511 |
| | 6 |
| | 624 |
| | 15 |
| | 978 |
| | 17 |
| Commercial investor real estate mortgage | 22 |
| | 2 |
| | 61 |
| | 3 |
| | 81 |
| | 4 |
| Commercial investor real estate construction | 5 |
| | — |
| | 7 |
| | — |
| | 39 |
| | 2 |
| Total investor real estate | 27 |
| | 2 |
| | 68 |
| | 3 |
| | 120 |
| | 6 |
| Residential first mortgage | 214 |
| | 8 |
| | 230 |
| | 8 |
| | 450 |
| | 15 |
| Home equity | 180 |
| | 10 |
| | 230 |
| | 12 |
| | 280 |
| | 14 |
| Indirect—vehicles | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Consumer credit card | 1 |
| | — |
| | 1 |
| | — |
| | 2 |
| | — |
| Other consumer | 5 |
| | — |
| | 7 |
| | — |
| | 9 |
| | 1 |
| Total consumer | 400 |
| | 18 |
| | 468 |
| | 20 |
| | 741 |
| | 30 |
| Total impaired loans | $ | 938 |
| | $ | 26 |
| | $ | 1,160 |
| | $ | 38 |
| | $ | 1,839 |
| | $ | 53 |
|
|
| Schedule of loans by class modified in a TDR |
The following tables present the end of period balance for loans modified in a TDR during the periods presented by portfolio segment and class, and the financial impact of those modifications. The tables include modifications made to new TDRs, as well as renewals of existing TDRs. Loans first reported as TDRs for the years ended December 31, 2019 and 2018 totaled approximately $239 million and $374 million, respectively.
| | | | | | | | | | | | 2019 | | | | | | Financial Impact of Modifications Considered TDRs | | Number of Obligors | | Recorded Investment | | Increase in Allowance at Modification | | (Dollars in millions) | Commercial and industrial | 97 | | $ | 259 |
| | $ | 3 |
| Commercial real estate mortgage—owner-occupied | 51 | | 29 |
| | — |
| Commercial real estate construction—owner-occupied | 1 | | 2 |
| | — |
| Total commercial | 149 | | 290 |
| | 3 |
| Commercial investor real estate mortgage | 12 | | 26 |
| | — |
| Commercial investor real estate construction | 12 | | 18 |
| | 2 |
| Total investor real estate | 24 | | 44 |
| | 2 |
| Residential first mortgage | 159 | | 32 |
| | 4 |
| Home equity | 99 | | 7 |
| | — |
| Consumer credit card | 37 | | — |
| | — |
| Indirect—vehicles and other consumer | 75 | | 1 |
| | — |
| Total consumer | 370 | | 40 |
| | 4 |
| | 543 | | $ | 374 |
| | $ | 9 |
|
| | | | | | | | | | | | 2018 | | | | | | Financial Impact of Modifications Considered TDRs | | Number of Obligors | | Recorded Investment | | Increase in Allowance at Modification | | (Dollars in millions) | Commercial and industrial | 113 | | $ | 353 |
| | $ | 5 |
| Commercial real estate mortgage—owner-occupied | 67 | | 42 |
| | — |
| Commercial real estate construction—owner-occupied | 1 | | 2 |
| | — |
| Total commercial | 181 | | 397 |
| | 5 |
| Commercial investor real estate mortgage | 25 | | 76 |
| | 3 |
| Total investor real estate | 25 | | 76 |
| | 3 |
| Residential first mortgage | 184 | | 31 |
| | 4 |
| Home equity | 106 | | 7 |
| | — |
| Consumer credit card | 54 | | 1 |
| | — |
| Indirect—vehicles and other consumer | 77 | | 1 |
| | — |
| Total consumer | 421 | | 40 |
| | 4 |
| | 627 | | $ | 513 |
| | $ | 12 |
|
|