v3.22.4
Allowance for Credit Losses
 3 Months Ended
Dec. 31, 2022
Receivables [Abstract]  
Allowance for Credit Losses
NOTE 5. ALLOWANCE FOR CREDIT LOSSES
Regions determines the appropriate level of the allowance on a quarterly basis. The methodology is described in Note 1. Additionally, refer to Note 1 "Summary of Significant Accounting Policies" to the consolidated financial statements to the Annual Report on Form 10-K for the year ended December 31, 2019, for a description of the methodology prior to the adoption of CECL on January 1, 2020.
Reflected in the allowance is the impact of the sale of $1.2 billion of unsecured consumer loans at the end of the third quarter of 2022 with an associated allowance of $94 million. In conjunction with the sale, the Company recognized a $63 million fair value mark recorded through charge-offs resulting in a net provision benefit of $31 million.
ROLLFORWARD OF ALLOWANCE FOR CREDIT LOSSES
The following tables present analyses of the allowance for credit losses by portfolio segment for the years ended December 31, 2022, 2021 and 2020.

 2022
 CommercialInvestor Real
Estate		ConsumerTotal
 (In millions)
Allowance for loan losses, January 1, 2022$682 $79 $718 $1,479 
Provision for (benefit from) loan losses40 45 163 248 
Loan losses:
Charge-offs(107)(5)(263)(375)
Recoveries50 2 60 112 
Net loan (losses) recoveries(57)(3)(203)(263)
Allowance for loan losses, December 31, 2022665 121 678 1,464 
Reserve for unfunded credit commitments, January 1, 202258 8 29 95 
Provision for (benefit from) unfunded credit losses14 13 (4)23 
Reserve for unfunded credit commitments, December 31, 202272 21 25 118 
Allowance for credit losses, December 31, 2022$737 $142 $703 $1,582 
 2021
 CommercialInvestor Real
Estate		ConsumerTotal
 (In millions)
Allowance for loan losses, January 1, 2021$1,196 $183 $788 $2,167 
Provision for (benefit from) loan losses(445)(87)39 (493)
Initial allowance on acquired PCD loans— — 9 9
Loan losses:
Charge-offs(128)(20)(180)(328)
Recoveries59 3 62 124 
Net loan losses(69)(17)(118)(204)
Allowance for loan losses, December 31, 2021682 79 718 1,479 
Reserve for unfunded credit commitments, January 1, 202197 14 15 126 
Provision for (benefit from) unfunded credit losses(39)(6)14 (31)
Reserve for unfunded credit commitments, December 31, 202158 8 29 95 
Allowance for credit losses, December 31, 2021$740 $87 $747 $1,574 
 2020
 CommercialInvestor Real
Estate		ConsumerTotal
 (In millions)
Allowance for loan losses, December 31, 2019$537 $45 $287 $869 
Cumulative change in accounting guidance (Note 1)(3)7 434 438 
Allowance for loan losses, January 1, 2020 (adjusted for change in accounting guidance)534 52 721 1,307 
Provision for (benefit from) loan losses927 129 256 1,312 
Initial allowance on acquired PCD loans60 — — 60 
Loan losses:
Charge-offs(368)(1)(244)(613)
Recoveries43 3 55 101 
Net loan losses(325)2 (189)(512)
Allowance for loan losses, December 31, 20201,196 183 788 2,167 
Reserve for unfunded credit commitments, December 31, 201941 4 — 45 
Cumulative change in accounting guidance (Note 1)36 13 14 63 
Reserve for unfunded credit commitments, January 1, 202077 17 14 108 
Provision for (benefit from) unfunded credit losses20 (3)1 18 
Reserve for unfunded credit commitments, December 31, 202097 14 15 126 
Allowance for credit losses, December 31, 2020$1,293 $197 $803 $2,293 
PORTFOLIO SEGMENT RISK FACTORS
The following describe the risk characteristics relevant to each of the portfolio segments.
Commercial—The commercial portfolio segment includes commercial and industrial loans to commercial customers for use in normal business operations to finance working capital needs, equipment purchases or other expansion projects. Commercial also includes owner-occupied commercial real estate mortgage loans to operating businesses, which are loans for long-term financing on land and buildings, and are repaid by cash flow generated by business operations. Owner-occupied commercial real estate construction loans are made to commercial businesses for the development of land or construction of a building where the repayment is derived from revenues generated from the business of the borrower. Collection risk in this portfolio is driven by the creditworthiness of underlying borrowers, particularly cash flow from customers’ business operations, and is impacted by sensitivity to several other factors, such as market fluctuations in commodity prices.
Investor Real Estate—Loans for real estate development are repaid through cash flow related to the operation, sale or refinance of the property. This portfolio segment includes extensions of credit to real estate developers or investors where repayment is dependent on the sale of real estate or income generated from the real estate collateral. A portion of Regions’ investor real estate portfolio segment consists of loans secured by residential product types (land, single-family and condominium loans) within Regions’ markets. Additionally, this category includes loans made to finance income-producing properties such as apartment buildings, office and industrial buildings, and retail shopping centers. Loans in this portfolio segment are particularly sensitive to the valuation of real estate.
Consumer—The consumer portfolio segment includes residential first mortgage, home equity lines, home equity loans, consumer credit card, other consumer—exit portfolios and other consumer loans. Residential first mortgage loans represent loans to consumers to finance a residence. These loans are typically financed over a 15 to 30 year term and, in most cases, are extended to borrowers to finance their primary residence. Home equity lending includes both home equity loans and lines of credit. This type of lending, which is secured by a first or second mortgage on the borrower’s residence, allows customers to borrow against the equity in their home. Real estate market values as of the time the loan or line is secured directly affect the amount of credit extended and, in addition, changes in these values impact the depth of potential losses. Consumer credit card lending includes Regions branded consumer credit card accounts. Other consumer—exit portfolios includes lending initiatives through third parties consisting of loans made through automotive dealerships and other point of sale lending. Regions ceased originating new loans related to these businesses prior to 2020. Other consumer loans include other revolving consumer accounts, indirect and direct consumer loans, and overdrafts. Loans in this portfolio segment are sensitive to unemployment, inflation, and other key consumer economic measures.
CREDIT QUALITY INDICATORS
The following tables present credit quality indicators for the loan portfolio segments and classes, excluding loans held for sale, as of December 31, 2022 and 2021.
The commercial and investor real estate portfolio segments' primary credit quality indicator is internal risk ratings which are detailed by categories related to underlying credit quality and probability of default. Regions assigns these risk ratings at loan origination and reviews the relationship utilizing a risk-based approach on, at minimum, an annual basis or at any time management becomes aware of information affecting the borrowers' ability to fulfill their obligations. Both quantitative and qualitative factors are considered in this review process. These categories are utilized to develop the associated allowance for credit losses.
•Pass—includes obligations where the probability of default is considered low;
•Special Mention—includes obligations that have potential weakness that may, if not reversed or corrected, weaken the credit or inadequately protect the Company’s position at some future date. Obligations in this category may also be subject to economic or market conditions that may, in the future, have an adverse effect on debt service ability;
•Substandard Accrual—includes obligations that exhibit a well-defined weakness that presently jeopardizes debt repayment, even though they are currently performing. These obligations are characterized by the distinct possibility that the Company may incur a loss in the future if these weaknesses are not corrected;
•Non-accrual—includes obligations where management has determined that full payment of principal and interest is in doubt.
Substandard accrual and non-accrual loans are often collectively referred to as “classified.” Special mention, substandard accrual, and non-accrual loans are often collectively referred to as “criticized and classified.”
Regions considers factors such as periodic updates of FICO scores, accrual status, days past due status, unemployment rates, home prices, and geography as credit quality indicators for the consumer loan portfolio. FICO scores are obtained at origination as part of Regions' formal underwriting process. Refreshed FICO scores are obtained by the Company quarterly for all consumer loans, including residential first mortgage loans. Current FICO data is not available for certain loans in the portfolio for various reasons; for example, if customers do not use sufficient credit, an updated score may not be available. These categories are utilized to develop the associated allowance for credit losses. The higher the FICO score the less probability of default and vice versa.
The disclosure of credit quality indicators for loan portfolio segments and classes, excluding loans held for sale, is presented by credit quality indicator by vintage year. Regions defines the vintage date for the purposes of disclosure as the date of the most recent credit decision. In general, renewals are categorized as new credit decisions and reflect the renewal date as the vintage date. Loans that are modified as a TDR are considered to be a continuation of the original loan, therefore the origination date of the original loan is reflected as the vintage date. The following tables present applicable credit quality indicators for the loan portfolio segments and classes, excluding loans held for sale, as of December 31, 2022 and 2021. Classes in the commercial and investor real estate portfolio segments are disclosed by risk rating. Classes in the consumer portfolio segment are disclosed by current FICO scores.
December 31, 2022
Term LoansRevolving Loans Revolving Loans Converted to Amortizing
Unallocated (1)
Total
Origination Year
20222021202020192018Prior
(In millions)
Commercial and industrial:
   Risk Rating:
   Pass(2)
$11,948 $7,167 $3,277 $2,297 $1,026 $3,283 $19,599 $— $313 $48,910 
   Special Mention85 120 70 30 32 1 282 — — 620 
   Substandard Accrual248 114 39 57 53 17 500 — — 1,028 
   Non-accrual95 55 11 9 36 6 135 — — 347 
Total commercial and industrial$12,376 $7,456 $3,397 $2,393 $1,147 $3,307 $20,516 $— $313 $50,905 
Commercial real estate mortgage—owner-occupied:
   Risk Rating:
   Pass$1,058 $1,175 $929 $479 $519 $626 $89 $— $(5)$4,870 
   Special Mention7 32 17 10 15 12 2 — — 95 
   Substandard Accrual10 16 36 35 5 6 1 — — 109 
   Non-accrual1 2 9 1 5 11 — — — 29 
Total commercial real estate mortgage—owner-occupied:$1,076 $1,225 $991 $525 $544 $655 $92 $— $(5)$5,103 
December 31, 2022
Term LoansRevolving Loans Revolving Loans Converted to Amortizing
Unallocated (1)
Total
Origination Year
20222021202020192018Prior
(In millions)
Commercial real estate construction—owner-occupied:
   Risk Rating:
   Pass$115 $79 $22 $15 $15 $38 $1 $— $— $285 
   Special Mention— — — — 2 — — — — 2 
   Substandard Accrual2 — 2 — — 1 — — — 5 
   Non-accrual— — 1 1 — 4 — — — 6 
Total commercial real estate construction—owner-occupied:$117 $79 $25 $16 $17 $43 $1 $— $— $298 
Total commercial$13,569 $8,760 $4,413 $2,934 $1,708 $4,005 $20,609 $— $308 $56,306 
Commercial investor real estate mortgage:
   Risk Rating:
   Pass$2,332 $1,321 $634 $466 $257 $94 $490 $— $(7)$5,587 
   Special Mention229 75 — 18 — 3 38 — — 363 
   Substandard Accrual107 — 74 138 68 3 — — — 390 
   Non-accrual52 — — — — 1 — — — 53 
Total commercial investor real estate mortgage$2,720 $1,396 $708 $622 $325 $101 $528 $— $(7)$6,393 
Commercial investor real estate construction:
   Risk Rating:
   Pass$458 $402 $205 $112 $— $1 $722 $— $(16)$1,884 
   Special Mention25 52 — — — — 5 — — 82 
   Substandard Accrual3 — 17 — — — — — — 20 
   Non-accrual— — — — — — — — — — 
Total commercial investor real estate construction$486 $454 $222 $112 $— $1 $727 $— $(16)$1,986 
Total investor real estate$3,206 $1,850 $930 $734 $325 $102 $1,255 $— $(23)$8,379 
Residential first mortgage:
FICO scores
   Above 720$2,485 $4,455 $4,765 $899 $327 $2,445 $— $— $— $15,376 
   681-720337 412 313 83 42 300 — — — 1,487 
   620-680168 183 129 53 34 295 — — — 862 
   Below 62042 92 77 52 40 379 — — — 682 
   Data not available27 45 47 13 4 98 2 — 167 403 
Total residential first mortgage$3,059 $5,187 $5,331 $1,100 $447 $3,517 $2 $— $167 $18,810 
Home equity lines:
FICO scores
   Above 720$— $— $— $— $— $— $2,620 $47 $— $2,667 
   681-720— — — — — — 369 12 — 381 
   620-680— — — — — — 212 11 — 223 
   Below 620— — — — — — 99 8 — 107 
   Data not available— — — — — — 97 4 31 132 
Total home equity lines$— $— $— $— $— $— $3,397 $82 $31 $3,510 
Home equity loans
FICO scores
   Above 720$436 $466 $250 $117 $106 $582 $— $— $— $1,957 
   681-72075 62 26 17 14 67 — — — 261 
   620-68029 28 11 12 9 58 — — — 147 
   Below 6204 8 4 5 7 38 — — — 66 
   Data not available4 3 3 3 4 24 — — 17 58 
Total home equity loans$548 $567 $294 $154 $140 $769 $— $— $17 $2,489 
December 31, 2022
Term LoansRevolving Loans Revolving Loans Converted to Amortizing
Unallocated (1)
Total
Origination Year
20222021202020192018Prior
(In millions)
Consumer credit card:
FICO scores
Above 720$— $— $— $— $— $— $719 $— $— $719 
681-720— — — — — — 246 — — 246 
620-680— — — — — — 204 — — 204 
Below 620— — — — — — 86 — — 86 
Data not available— — — — — — 9 — (16)(7)
Total consumer credit card$— $— $— $— $— $— $1,264 $— $(16)$1,248 
Other consumer—exit portfolios:
FICO scores
   Above 720$— $— $— $102 $172 $96 $— $— $— $370 
   681-720— — — 30 40 23 — — — 93 
   620-680— — — 17 30 17 — — — 64 
   Below 620— — — 7 17 10 — — — 34 
   Data not available— — — 1 3 3 — — 2 9 
Total Other consumer- exit portfolios$— $— $— $157 $262 $149 $— $— $2 $570 
Other consumer:
FICO scores
   Above 720$2,072 $674 $382 $215 $99 $80 $119 $— $— $3,641 
   681-720493 200 106 50 23 20 66 — — 958 
   620-680348 153 73 34 19 15 55 — — 697 
   Below 620102 69 38 20 12 8 23 — — 272 
   Data not available61 6 5 130 73 5 2 — (153)129 
Total other consumer$3,076 $1,102 $604 $449 $226 $128 $265 $— $(153)$5,697 
Total consumer loans$6,683 $6,856 $6,229 $1,860 $1,075 $4,563 $4,928 $82 $48 $32,324 
Total Loans$23,458 $17,466 $11,572 $5,528 $3,108 $8,670 $26,792 $82 $333 $97,009 
December 31, 2021
Term LoansRevolving LoansRevolving Loans Converted to Amortizing
Unallocated (1)
Total
Origination Year
20212020201920182017Prior
(In millions)
Commercial and industrial:
Risk Rating:
Pass(2)
$11,098 $5,231 $3,711 $1,781 $1,625 $2,611 $15,794 $— $(60)$41,791 
Special Mention54 43 177 147 25 77 383 — — 906 
Substandard Accrual83 76 57 90 17 12 421 — — 756 
Non-accrual70 22 45 9 11 15 133 — — 305 
Total commercial and industrial$11,305 $5,372 $3,990 $2,027 $1,678 $2,715 $16,731 $— $(60)$43,758 
Commercial real estate mortgage—owner-occupied:
Risk Rating:
Pass$1,404 $1,095 $671 $663 $381 $724 $122 $— $(7)$5,053 
Special Mention7 48 12 11 12 16 1 — — 107 
Substandard Accrual3 8 34 11 6 12 1 — — 75 
Non-accrual3 6 7 10 12 14 — — — 52 
Total commercial real estate mortgage—owner-occupied:$1,417 $1,157 $724 $695 $411 $766 $124 $— $(7)$5,287 
December 31, 2021
Term LoansRevolving LoansRevolving Loans Converted to Amortizing
Unallocated (1)
Total
Origination Year
20212020201920182017Prior
(In millions)
Commercial real estate construction—owner-occupied:
Risk Rating:
Pass$68 $61 $24 $30 $20 $42 $1 $— $— $246 
Special Mention— — — 2 1 2 — — — 5 
Substandard Accrual— — — 2 — — — — — 2 
Non-accrual1 1 — — 1 8 — — — 11 
Total commercial real estate construction—owner-occupied:$69 $62 $24 $34 $22 $52 $1 $— $— $264 
Total commercial$12,791 $6,591 $4,738 $2,756 $2,111 $3,533 $16,856 $— $(67)$49,309 
Commercial investor real estate mortgage:
Risk Rating:
Pass$1,783 $808 $900 $580 $144 $95 $487 $— $(4)$4,793 
Special Mention23 84 223 21 1 9 — — — 361 
Substandard Accrual52 85 94 31 15 — 7 — — 284 
Non-accrual— — — 1 — 2 — — — 3 
Total commercial investor real estate mortgage$1,858 $977 $1,217 $633 $160 $106 $494 $— $(4)$5,441 
Commercial investor real estate construction:
Risk Rating:
Pass$135 $343 $404 $82 $1 $1 $593 $— $(11)$1,548 
Special Mention— 12 26 — — — — — — 38 
Substandard Accrual— — — — — — — — — — 
Non-accrual— — — — — — — — — — 
Total commercial investor real estate construction$135 $355 $430 $82 $1 $1 $593 $— $(11)$1,586 
Total investor real estate$1,993 $1,332 $1,647 $715 $161 $107 $1,087 $— $(15)$7,027 
Residential first mortgage:
FICO scores
Above 720$4,020 $5,280 $1,106 $426 $612 $2,601 $— $— $— $14,045 
681-720449 366 108 57 69 353 — — — 1,402 
620-680246 161 78 50 44 378 — — — 957 
Below 62039 58 49 47 47 451 — — — 691 
Data not available56 46 20 7 11 111 9 — 157 417 
Total residential first mortgage$4,810 $5,911 $1,361 $587 $783 $3,894 $9 $— $157 $17,512 
Home equity lines:
FICO scores
Above 720$— $— $— $— $— $— $2,761 $49 $— $2,810 
681-720— — — — — — 380 12 — 392 
620-680— — — — — — 254 11 — 265 
Below 620— — — — — — 132 8 — 140 
Data not available— — — — — — 105 5 27 137 
Total home equity lines$— $— $— $— $— $— $3,632 $85 $27 $3,744 
December 31, 2021
Term LoansRevolving LoansRevolving Loans Converted to Amortizing
Unallocated (1)
Total
Origination Year
20212020201920182017Prior
(In millions)
Home equity loans
FICO scores
Above 720$544 $320 $155 $144 $217 $588 $— $— $— $1,968 
681-72082 35 26 22 23 71 — — — 259 
620-68034 14 13 12 15 59 — — — 147 
Below 6206 3 6 7 11 46 — — — 79 
Data not available2 3 3 4 5 22 — — 18 57 
Total home equity loans$668 $375 $203 $189 $271 $786 $— $— $18 $2,510 
Consumer credit card:
FICO scores
Above 720$— $— $— $— $— $— $675 $— $— $675 
681-720— — — — — — 240 — — 240 
620-680— — — — — — 194 — — 194 
Below 620— — — — — — 81 — — 81 
Data not available— — — — — — 8 — (14)(6)
Total consumer credit card$— $— $— $— $— $— $1,198 $— $(14)$1,184 
Other consumer- exit portfolios:
FICO scores
Above 720$— $— $157 $318 $135 $81 $— $— $— $691 
681-720— — 47 71 32 20 — — — 170 
620-680— — 28 50 24 17 — — — 119 
Below 620— — 10 31 16 13 — — — 70 
Data not available— — 2 5 4 3 — — 7 21 
Total other consumer- exit portfolios$— $— $244 $475 $211 $134 $— $— $7 $1,071 
Other consumer:
FICO scores
Above 720$1,555 $844 $543 $222 $66 $76 $116 $— $— $3,422 
681-720381 203 131 58 19 18 56 — — 866 
620-680232 125 72 37 15 13 40 — — 534 
Below 62066 50 33 20 8 7 17 — — 201 
Data not available62 7 156 91 4 4 2 — 78 404 
Total other consumer$2,296 $1,229 $935 $428 $112 $118 $231 $— $78 $5,427 
Total consumer loans$7,774 $7,515 $2,743 $1,679 $1,377 $4,932 $5,070 $85 $273 $31,448 
Total Loans$22,558 $15,438 $9,128 $5,150 $3,649 $8,572 $23,013 $85 $191 $87,784 
________
(1)These amounts consist of fees that are not allocated at the loan level and loans serviced by third parties wherein Regions does not receive FICO or vintage information.
(2)Commercial and industrial lending includes PPP lending in the 2021 vintage year.
AGING AND NON-ACCRUAL ANALYSIS
The following tables include an aging analysis of DPD and loans on non-accrual status for each portfolio segment and class as of December 31, 2022 and December 31, 2021. Loans on non-accrual status with no related allowance are comprised of commercial loans that totaled $151 million and $127 million as of December 31, 2022 and 2021, respectively. Non–accrual loans with no related allowance typically include loans where the underlying collateral is deemed sufficient to recover all remaining principal. Loans that have been fully charged-off do not appear in the tables below.
 2022
 Accrual Loans   
 30-59 DPD60-89 DPD90+ DPDTotal
30+ DPD		Total
Accrual		Non-accrualTotal
 (In millions)
Commercial and industrial$36 $20 $30 $86 $50,558 $347 $50,905 
Commercial real estate mortgage—owner-occupied7 2 1 10 5,074 29 5,103 
Commercial real estate construction—owner-occupied— — — — 292 6 298 
Total commercial43 22 31 96 55,924 382 56,306 
Commercial investor real estate mortgage— — 40 40 6,340 53 6,393 
Commercial investor real estate construction— — — — 1,986 — 1,986 
Total investor real estate— — 40 40 8,326 53 8,379 
Residential first mortgage87 45 81 213 18,779 31 18,810 
Home equity lines18 12 15 45 3,482 28 3,510 
Home equity loans8 3 8 19 2,483 6 2,489 
Consumer credit card9 7 15 31 1,248 — 1,248 
Other consumer—exit portfolios73111570—570
Other consumer46 21 17 84 5,697 — 5,697 
Total consumer175 91 137 403 32,259 65 32,324 
$218 $113 $208 $539 $96,509 $500 $97,009 
 
 2021
 Accrual Loans   
 30-59 DPD60-89 DPD90+ DPDTotal
30+ DPD		Total
Accrual		Non-accrualTotal
 (In millions)
Commercial and industrial$35 $29 $5 $69 $43,453 $305 $43,758 
Commercial real estate mortgage—owner-occupied3 1 1 5 5,235 52 5,287 
Commercial real estate construction—owner-occupied— — — — 253 11 264 
Total commercial38 30 6 74 48,941 368 49,309 
Commercial investor real estate mortgage— — — — 5,438 3 5,441 
Commercial investor real estate construction— — — — 1,586 — 1,586 
Total investor real estate— — — — 7,024 3 7,027 
Residential first mortgage73 31 123 227 17,479 33 17,512 
Home equity lines15 6 21 42 3,704 40 3,744 
Home equity loans7 4 12 23 2,503 7 2,510 
Consumer credit card9 6 12 27 1,184 — 1,184 
Other consumer—exit portfolios1042161,071—1,071
Other consumer31 15 13 59 5,427 — 5,427 
Total consumer145 66 183 394 31,368 80 31,448 
$183 $96 $189 $468 $87,333 $451 $87,784 
TROUBLED DEBT RESTRUCTURINGS
Regions regularly modifies commercial and investor real estate loans in order to facilitate a workout strategy. Typical modifications include accommodations, such as renewals and forbearances. The majority of Regions’ commercial and investor real estate TDRs are the result of renewals of classified loans at an interest rate that is not considered to be a market interest rate. For smaller dollar commercial loans, Regions may periodically grant interest rate and other term concessions, similar to those under the consumer program described below.
Regions works to meet the individual needs of consumer borrowers to stem foreclosure through its CAP. Regions designed the program to allow for customer-tailored modifications with the goal of keeping customers in their homes and avoiding foreclosure where possible. Modification may be offered to any borrower experiencing financial hardship regardless of the borrower’s payment status. Consumer TDRs primarily involve an interest rate concession, however under the CAP, Regions may also offer a short-term deferral, a term extension, a new loan product, or a combination of these options. For loans restructured under the CAP, Regions expects to collect the original contractually due principal. The gross original contractual interest may be collectible, depending on the terms modified. All CAP modifications are considered TDRs regardless of the term because they are concessionary in nature and because the customer documents a financial hardship in order to participate.
As provided initially in the CARES Act and subsequently extended through the Consolidated Appropriations Act, certain loan modifications related to the COVID-19 pandemic beginning March 1, 2020 through January 1, 2022 were eligible for relief from TDR classification. Regions elected this provision of both Acts; therefore, modified loans that met the required guidelines for relief are not considered TDRs and are excluded from the 2021 disclosures below.
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.
 2022
   Financial Impact
of Modifications
Considered TDRs
 Number of
Obligors		Recorded
Investment		Increase in
Allowance at
Modification
 (Dollars in millions)
Commercial and industrial50$174 $— 
Commercial real estate mortgage—owner-occupied115—
Commercial real estate construction—owner-occupied—3—
Total commercial61182—
Commercial investor real estate mortgage548—
Commercial investor real estate construction———
Total investor real estate548—
Residential first mortgage9831356
Home equity lines9464
Home equity loans20814—
Consumer credit card4——
Other consumer—exit portfolios ———
Other consumer5——
Total consumer129415510
1360$385 $10 
 
 2021
   Financial Impact
of Modifications
Considered TDRs
 Number of
Obligors		Recorded
Investment		Increase in
Allowance at
Modification
 (Dollars in millions)
Commercial and industrial65$116 $— 
Commercial real estate mortgage—owner-occupied2811 — 
Commercial real estate construction—owner-occupied22 — 
Total commercial95129 — 
Commercial investor real estate mortgage877 — 
Commercial investor real estate construction—— — 
Total investor real estate877 — 
Residential first mortgage49285 8 
Home equity lines71 — 
Home equity loans726 — 
Consumer credit card1— — 
Other consumer- exit portfolios—— — 
Other consumer803 — 
Total consumer65295 8 
755$301 $8