LOANS / LEASES AND ALLOWANCE FOR CREDIT LOSSES (Tables)
|
9 Months Ended |
Sep. 30, 2019 |
|---|
| Receivables [Abstract] |
|
| Loan and Lease Portfolio |
The following table provides a detailed listing of Huntington’s loan and lease portfolio at September 30, 2019 and December 31, 2018.
|
|
|
|
|
|
|
|
|
(dollar amounts in millions) |
September 30, 2019 |
|
December 31, 2018 |
Loans and leases: |
|
|
|
Commercial and industrial |
$ |
30,394 |
|
|
$ |
30,605 |
|
Commercial real estate |
6,855 |
|
|
6,842 |
|
Automobile |
12,292 |
|
|
12,429 |
|
Home equity |
9,300 |
|
|
9,722 |
|
Residential mortgage |
11,247 |
|
|
10,728 |
|
RV and marine |
3,553 |
|
|
3,254 |
|
Other consumer |
1,251 |
|
|
1,320 |
|
Loans and leases |
$ |
74,892 |
|
|
$ |
74,900 |
|
Allowance for loan and lease losses |
(783 |
) |
|
(772 |
) |
Net loans and leases |
$ |
74,109 |
|
|
$ |
74,128 |
|
|
| NALs and Past Due Loans |
The following table presents NALs by loan class at September 30, 2019 and December 31, 2018.
|
|
|
|
|
|
|
|
|
(dollar amounts in millions) |
September 30,
2019 |
|
December 31,
2018 |
Commercial and industrial |
$ |
291 |
|
|
$ |
188 |
|
Commercial real estate |
12 |
|
|
15 |
|
Automobile |
5 |
|
|
5 |
|
Home equity |
60 |
|
|
62 |
|
Residential mortgage |
69 |
|
|
69 |
|
RV and marine |
1 |
|
|
1 |
|
Other consumer |
— |
|
|
— |
|
Total nonaccrual loans |
$ |
438 |
|
|
$ |
340 |
|
|
| Aging analysis of loans and leases |
The following table presents an aging analysis of loans and leases, including past due loans and leases, by loan class at September 30, 2019 and December 31, 2018:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2019 |
|
|
Past Due (1) |
|
|
|
Loans Accounted for Under FVO |
|
Total Loans
and Leases |
|
90 or
more days
past due
and accruing |
|
(dollar amounts in millions) |
30-59
Days |
|
60-89
Days |
|
90 or
more days |
|
Total |
|
Current |
|
|
|
|
Commercial and industrial |
$ |
69 |
|
|
$ |
30 |
|
|
$ |
70 |
|
|
$ |
169 |
|
|
$ |
30,225 |
|
|
$ |
— |
|
|
$ |
30,394 |
|
|
$ |
9 |
|
(2) |
Commercial real estate |
9 |
|
|
— |
|
|
7 |
|
|
16 |
|
|
6,839 |
|
|
— |
|
|
6,855 |
|
|
— |
|
|
Automobile |
79 |
|
|
18 |
|
|
10 |
|
|
107 |
|
|
12,185 |
|
|
— |
|
|
12,292 |
|
|
8 |
|
|
Home equity |
49 |
|
|
16 |
|
|
50 |
|
|
115 |
|
|
9,184 |
|
|
1 |
|
|
9,300 |
|
|
13 |
|
|
Residential mortgage |
119 |
|
|
44 |
|
|
164 |
|
|
327 |
|
|
10,841 |
|
|
79 |
|
|
11,247 |
|
|
125 |
|
(3) |
RV and marine |
11 |
|
|
3 |
|
|
2 |
|
|
16 |
|
|
3,537 |
|
|
— |
|
|
3,553 |
|
|
1 |
|
|
Other consumer |
13 |
|
|
6 |
|
|
7 |
|
|
26 |
|
|
1,225 |
|
|
— |
|
|
1,251 |
|
|
7 |
|
|
Total loans and leases |
$ |
349 |
|
|
$ |
117 |
|
|
$ |
310 |
|
|
$ |
776 |
|
|
$ |
74,036 |
|
|
$ |
80 |
|
|
$ |
74,892 |
|
|
$ |
163 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2018 |
|
|
Past Due (1) |
|
|
|
Loans Accounted for Under FVO |
|
Total Loans
and Leases |
|
90 or
more days
past due
and accruing |
|
(dollar amounts in millions) |
30-59
Days |
|
60-89
Days |
|
90 or
more days |
|
Total |
|
Current |
|
|
|
|
Commercial and industrial |
$ |
72 |
|
|
$ |
17 |
|
|
$ |
51 |
|
|
$ |
140 |
|
|
$ |
30,465 |
|
|
$ |
— |
|
|
$ |
30,605 |
|
|
$ |
7 |
|
(2) |
Commercial real estate |
10 |
|
|
— |
|
|
5 |
|
|
15 |
|
|
6,827 |
|
|
— |
|
|
6,842 |
|
|
— |
|
|
Automobile |
95 |
|
|
19 |
|
|
10 |
|
|
124 |
|
|
12,305 |
|
|
— |
|
|
12,429 |
|
|
8 |
|
|
Home equity |
51 |
|
|
21 |
|
|
56 |
|
|
128 |
|
|
9,593 |
|
|
1 |
|
|
9,722 |
|
|
17 |
|
|
Residential mortgage |
108 |
|
|
47 |
|
|
168 |
|
|
323 |
|
|
10,327 |
|
|
78 |
|
|
10,728 |
|
|
131 |
|
(3) |
RV and marine |
12 |
|
|
3 |
|
|
2 |
|
|
17 |
|
|
3,237 |
|
|
— |
|
|
3,254 |
|
|
1 |
|
|
Other consumer |
14 |
|
|
7 |
|
|
6 |
|
|
27 |
|
|
1,293 |
|
|
— |
|
|
1,320 |
|
|
6 |
|
|
Total loans and leases |
$ |
362 |
|
|
$ |
114 |
|
|
$ |
298 |
|
|
$ |
774 |
|
|
$ |
74,047 |
|
|
$ |
79 |
|
|
$ |
74,900 |
|
|
$ |
170 |
|
|
|
|
(1) |
NALs are included in this aging analysis based on the loan's past due status. |
|
|
(2) |
Amounts include Huntington Technology Finance administrative lease delinquencies. |
|
|
(3) |
Amounts include mortgage loans insured by U.S. government agencies. |
|
| ALLL and AULC activity by portfolio segment |
The following table presents ALLL and AULC activity by portfolio segment for the three-month and nine-month periods ended September 30, 2019 and 2018.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(dollar amounts in millions) |
|
Commercial |
|
Consumer |
|
Total |
Three-month period ended September 30, 2019: |
|
|
|
|
|
|
ALLL balance, beginning of period |
|
$ |
560 |
|
|
$ |
214 |
|
|
$ |
774 |
|
Loan charge-offs |
|
(53 |
) |
|
(49 |
) |
|
(102 |
) |
Recoveries of loans previously charged-off |
|
15 |
|
|
14 |
|
|
29 |
|
Provision for loan and lease losses |
|
39 |
|
|
43 |
|
|
82 |
|
ALLL balance, end of period |
|
$ |
561 |
|
|
$ |
222 |
|
|
$ |
783 |
|
AULC balance, beginning of period |
|
$ |
99 |
|
|
$ |
2 |
|
|
$ |
101 |
|
Provision (reduction in allowance) for unfunded loan commitments and letters of credit |
|
— |
|
|
— |
|
|
— |
|
AULC balance, end of period |
|
$ |
99 |
|
|
$ |
2 |
|
|
$ |
101 |
|
ACL balance, end of period |
|
$ |
660 |
|
|
$ |
224 |
|
|
$ |
884 |
|
Nine-month period ended September 30, 2019: |
|
|
|
|
|
|
ALLL balance, beginning of period |
|
$ |
542 |
|
|
$ |
230 |
|
|
$ |
772 |
|
Loan charge-offs |
|
(124 |
) |
|
(145 |
) |
|
(269 |
) |
Recoveries of loans previously charged-off |
|
35 |
|
|
42 |
|
|
77 |
|
Provision for loan and lease losses |
|
108 |
|
|
95 |
|
|
203 |
|
ALLL balance, end of period |
|
$ |
561 |
|
|
$ |
222 |
|
|
$ |
783 |
|
AULC balance, beginning of period |
|
$ |
94 |
|
|
$ |
2 |
|
|
$ |
96 |
|
Provision (reduction in allowance) for unfunded loan commitments and letters of credit |
|
5 |
|
|
— |
|
|
5 |
|
AULC balance, end of period |
|
$ |
99 |
|
|
$ |
2 |
|
|
$ |
101 |
|
ACL balance, end of period |
|
$ |
660 |
|
|
$ |
224 |
|
|
$ |
884 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(dollar amounts in millions) |
|
Commercial |
|
Consumer |
|
Total |
Three-month period ended September 30, 2018: |
ALLL balance, beginning of period |
|
$ |
531 |
|
|
$ |
210 |
|
|
$ |
741 |
|
Loan charge-offs |
|
(11 |
) |
|
(47 |
) |
|
(58 |
) |
Recoveries of loans previously charged-off |
|
15 |
|
|
14 |
|
|
29 |
|
Provision for loan and lease losses |
|
8 |
|
|
41 |
|
|
49 |
|
ALLL balance, end of period |
|
$ |
543 |
|
|
$ |
218 |
|
|
$ |
761 |
|
AULC balance, beginning of period |
|
$ |
90 |
|
|
$ |
3 |
|
|
$ |
93 |
|
Provision (reduction in allowance) for unfunded loan commitments and letters of credit |
|
5 |
|
|
(1 |
) |
|
4 |
|
AULC balance, end of period |
|
$ |
95 |
|
|
$ |
2 |
|
|
$ |
97 |
|
ACL balance, end of period |
|
$ |
638 |
|
|
$ |
220 |
|
|
$ |
858 |
|
Nine-month period ended September 30, 2018: |
ALLL balance, beginning of period |
|
$ |
482 |
|
|
$ |
209 |
|
|
$ |
691 |
|
Loan charge-offs |
|
(46 |
) |
|
(138 |
) |
|
(184 |
) |
Recoveries of loans previously charged-off |
|
45 |
|
|
44 |
|
|
89 |
|
Provision for loan and lease losses |
|
62 |
|
|
103 |
|
|
165 |
|
ALLL balance, end of period |
|
$ |
543 |
|
|
$ |
218 |
|
|
$ |
761 |
|
AULC balance, beginning of period |
|
$ |
84 |
|
|
$ |
3 |
|
|
$ |
87 |
|
Provision (reduction in allowance) for unfunded loan commitments and letters of credit |
|
11 |
|
|
(1 |
) |
|
10 |
|
AULC balance, end of period |
|
$ |
95 |
|
|
$ |
2 |
|
|
$ |
97 |
|
ACL balance, end of period |
|
$ |
638 |
|
|
$ |
220 |
|
|
$ |
858 |
|
|
| Loan and lease balances by credit quality indicator |
The following table presents each loan and lease class by credit quality indicator at September 30, 2019 and December 31, 2018.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2019 |
(dollar amounts in millions) |
Credit Risk Profile by UCS Classification |
Commercial |
Pass |
|
OLEM |
|
Substandard |
|
Doubtful |
|
Total |
Commercial and industrial |
$ |
28,276 |
|
|
$ |
657 |
|
|
$ |
1,457 |
|
|
$ |
4 |
|
|
$ |
30,394 |
|
Commercial real estate |
6,609 |
|
|
158 |
|
|
87 |
|
|
1 |
|
|
6,855 |
|
|
|
|
|
|
|
|
|
|
|
|
Credit Risk Profile by FICO Score (1), (2) |
Consumer |
750+ |
|
650-749 |
|
<650 |
|
Other (3) |
|
Total |
Automobile |
$ |
6,257 |
|
|
$ |
4,462 |
|
|
$ |
1,328 |
|
|
$ |
245 |
|
|
$ |
12,292 |
|
Home equity |
5,847 |
|
|
2,815 |
|
|
592 |
|
|
45 |
|
|
9,299 |
|
Residential mortgage |
7,633 |
|
|
2,796 |
|
|
600 |
|
|
139 |
|
|
11,168 |
|
RV and marine |
2,313 |
|
|
1,027 |
|
|
111 |
|
|
102 |
|
|
3,553 |
|
Other consumer |
487 |
|
|
583 |
|
|
117 |
|
|
64 |
|
|
1,251 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2018 |
(dollar amounts in millions) |
Credit Risk Profile by UCS Classification |
Commercial |
Pass |
|
OLEM |
|
Substandard |
|
Doubtful |
|
Total |
Commercial and industrial |
$ |
28,807 |
|
|
$ |
518 |
|
|
$ |
1,269 |
|
|
$ |
11 |
|
|
$ |
30,605 |
|
Commercial real estate |
6,586 |
|
|
181 |
|
|
74 |
|
|
1 |
|
|
6,842 |
|
|
|
|
|
|
|
|
|
|
|
|
Credit Risk Profile by FICO Score (1), (2) |
Consumer |
750+ |
|
650-749 |
|
<650 |
|
Other (3) |
|
Total |
Automobile |
$ |
6,254 |
|
|
$ |
4,520 |
|
|
$ |
1,373 |
|
|
$ |
282 |
|
|
$ |
12,429 |
|
Home equity |
6,098 |
|
|
2,975 |
|
|
591 |
|
|
56 |
|
|
9,720 |
|
Residential mortgage |
7,159 |
|
|
2,801 |
|
|
612 |
|
|
78 |
|
|
10,650 |
|
RV and marine |
2,074 |
|
|
990 |
|
|
105 |
|
|
85 |
|
|
3,254 |
|
Other consumer |
501 |
|
|
633 |
|
|
129 |
|
|
57 |
|
|
1,320 |
|
|
|
(1) |
Excludes loans accounted for under the fair value option. |
|
|
(2) |
Reflects updated customer credit scores. |
(3)
Reflects deferred fees and costs, loans in process, etc.
|
| Summarized data for impaired loans and the related ALLL by portfolio segment |
The following tables present the balance of the ALLL attributable to loans by portfolio segment individually and collectively evaluated for impairment and the related loan and lease balance at September 30, 2019 and December 31, 2018.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(dollar amounts in millions) |
|
Commercial |
|
Consumer |
|
Total |
ALLL at September 30, 2019 |
|
|
|
|
|
|
Portion of ALLL balance: |
|
|
|
|
|
|
Attributable to loans individually evaluated for impairment |
|
$ |
45 |
|
|
$ |
7 |
|
|
$ |
52 |
|
Attributable to loans collectively evaluated for impairment |
|
516 |
|
|
215 |
|
|
731 |
|
Total ALLL balance |
|
$ |
561 |
|
|
$ |
222 |
|
|
$ |
783 |
|
Loan and Lease Ending Balances at September 30, 2019 (1) |
|
|
|
|
|
|
Portion of loan and lease ending balance: |
|
|
|
|
|
|
Individually evaluated for impairment |
|
$ |
574 |
|
|
$ |
579 |
|
|
$ |
1,153 |
|
Collectively evaluated for impairment |
|
36,675 |
|
|
36,984 |
|
|
73,659 |
|
Total loans and leases evaluated for impairment |
|
$ |
37,249 |
|
|
$ |
37,563 |
|
|
$ |
74,812 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(dollar amounts in millions) |
|
Commercial |
|
Consumer |
|
Total |
ALLL at December 31, 2018 |
|
|
|
|
|
|
Portion of ALLL balance: |
|
|
|
|
|
|
Attributable to loans individually evaluated for impairment |
|
$ |
33 |
|
|
$ |
10 |
|
|
$ |
43 |
|
Attributable to loans collectively evaluated for impairment |
|
509 |
|
|
220 |
|
|
729 |
|
Total ALLL balance: |
|
$ |
542 |
|
|
$ |
230 |
|
|
$ |
772 |
|
Loan and Lease Ending Balances at December 31, 2018 (1) |
|
|
|
|
|
|
Portion of loan and lease ending balances: |
|
|
|
|
|
|
Individually evaluated for impairment |
|
516 |
|
|
591 |
|
|
1,107 |
|
Collectively evaluated for impairment |
|
36,931 |
|
|
36,783 |
|
|
73,714 |
|
Total loans and leases evaluated for impairment |
|
$ |
37,447 |
|
|
$ |
37,374 |
|
|
$ |
74,821 |
|
(1)
Excludes loans accounted for under the fair value option.
|
| Detailed impaired loan information by class |
The following tables present by class the ending balance, unpaid principal balance, and the related ALLL, along with the average balance and interest income recognized for impaired loans and leases: (1)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2019 |
|
Three Months Ended
September 30, 2019 |
|
Nine Months Ended
September 30, 2019 |
(dollar amounts in millions) |
Ending
Balance
|
|
Unpaid
Principal
Balance (6)
|
|
Related
Allowance (7)
|
|
Average
Balance
|
|
Interest
Income
Recognized
|
|
Average
Balance
|
|
Interest
Income
Recognized
|
With no related allowance recorded: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and industrial |
$ |
205 |
|
|
$ |
250 |
|
|
$ |
— |
|
|
$ |
204 |
|
|
$ |
4 |
|
|
$ |
210 |
|
|
$ |
16 |
|
Commercial real estate |
31 |
|
|
33 |
|
|
— |
|
|
30 |
|
|
2 |
|
|
34 |
|
|
6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
With an allowance recorded: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and industrial |
314 |
|
|
344 |
|
|
43 |
|
|
322 |
|
|
3 |
|
|
298 |
|
|
8 |
|
Commercial real estate |
24 |
|
|
27 |
|
|
2 |
|
|
29 |
|
|
— |
|
|
32 |
|
|
1 |
|
Automobile |
42 |
|
|
45 |
|
|
2 |
|
|
41 |
|
|
1 |
|
|
40 |
|
|
2 |
|
Home equity |
292 |
|
|
329 |
|
|
9 |
|
|
297 |
|
|
3 |
|
|
305 |
|
|
10 |
|
Residential mortgage |
290 |
|
|
326 |
|
|
3 |
|
|
287 |
|
|
3 |
|
|
287 |
|
|
8 |
|
RV and marine |
4 |
|
|
4 |
|
|
— |
|
|
3 |
|
|
— |
|
|
3 |
|
|
— |
|
Other consumer |
10 |
|
|
10 |
|
|
2 |
|
|
10 |
|
|
— |
|
|
9 |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and industrial (3) |
519 |
|
|
594 |
|
|
43 |
|
|
526 |
|
|
7 |
|
|
508 |
|
|
24 |
|
Commercial real estate (4) |
55 |
|
|
60 |
|
|
2 |
|
|
59 |
|
|
2 |
|
|
66 |
|
|
7 |
|
Automobile (2) |
42 |
|
|
45 |
|
|
2 |
|
|
41 |
|
|
1 |
|
|
40 |
|
|
2 |
|
Home equity (5) |
292 |
|
|
329 |
|
|
9 |
|
|
297 |
|
|
3 |
|
|
305 |
|
|
10 |
|
Residential mortgage (5) |
290 |
|
|
326 |
|
|
3 |
|
|
287 |
|
|
3 |
|
|
287 |
|
|
8 |
|
RV and marine (2) |
4 |
|
|
4 |
|
|
— |
|
|
3 |
|
|
— |
|
|
3 |
|
|
— |
|
Other consumer (2) |
10 |
|
|
10 |
|
|
2 |
|
|
10 |
|
|
— |
|
|
9 |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2018 |
|
Three Months Ended
September 30, 2018 |
|
Nine Months Ended
September 30, 2018 |
(dollar amounts in millions) |
Ending
Balance
|
|
Unpaid
Principal
Balance (6)
|
|
Related
Allowance (7)
|
|
Average
Balance
|
|
Interest
Income
Recognized
|
|
Average
Balance
|
|
Interest
Income
Recognized
|
With no related allowance recorded: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and industrial |
$ |
224 |
|
|
$ |
261 |
|
|
$ |
— |
|
|
$ |
264 |
|
|
$ |
5 |
|
|
$ |
264 |
|
|
$ |
16 |
|
Commercial real estate |
36 |
|
|
45 |
|
|
— |
|
|
36 |
|
|
2 |
|
|
49 |
|
|
6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
With an allowance recorded: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and industrial |
221 |
|
|
240 |
|
|
31 |
|
|
284 |
|
|
3 |
|
|
285 |
|
|
9 |
|
Commercial real estate |
35 |
|
|
39 |
|
|
2 |
|
|
49 |
|
|
1 |
|
|
48 |
|
|
2 |
|
Automobile |
38 |
|
|
42 |
|
|
2 |
|
|
38 |
|
|
1 |
|
|
37 |
|
|
2 |
|
Home equity |
314 |
|
|
356 |
|
|
10 |
|
|
326 |
|
|
3 |
|
|
330 |
|
|
11 |
|
Residential mortgage |
287 |
|
|
323 |
|
|
4 |
|
|
290 |
|
|
3 |
|
|
299 |
|
|
8 |
|
RV and marine |
2 |
|
|
3 |
|
|
— |
|
|
2 |
|
|
— |
|
|
2 |
|
|
— |
|
Other consumer |
9 |
|
|
9 |
|
|
3 |
|
|
9 |
|
|
— |
|
|
8 |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and industrial (3) |
445 |
|
|
501 |
|
|
31 |
|
|
548 |
|
|
8 |
|
|
549 |
|
|
25 |
|
Commercial real estate (4) |
71 |
|
|
84 |
|
|
2 |
|
|
85 |
|
|
3 |
|
|
97 |
|
|
8 |
|
Automobile (2) |
38 |
|
|
42 |
|
|
2 |
|
|
38 |
|
|
1 |
|
|
37 |
|
|
2 |
|
Home equity (5) |
314 |
|
|
356 |
|
|
10 |
|
|
326 |
|
|
3 |
|
|
330 |
|
|
11 |
|
Residential mortgage (5) |
287 |
|
|
323 |
|
|
4 |
|
|
290 |
|
|
3 |
|
|
299 |
|
|
8 |
|
RV and marine (2) |
2 |
|
|
3 |
|
|
— |
|
|
2 |
|
|
— |
|
|
2 |
|
|
— |
|
Other consumer (2) |
9 |
|
|
9 |
|
|
3 |
|
|
9 |
|
|
— |
|
|
8 |
|
|
— |
|
|
|
(1) |
These tables do not include loans fully charged-off. |
|
|
(2) |
All automobile, RV and marine, and other consumer impaired loans included in these tables are considered impaired due to their status as a TDR. |
|
|
(3) |
At September 30, 2019 and December 31, 2018, C&I loans of $309 million and $366 million, respectively, were considered impaired due to their status as a TDR.
|
|
|
(4) |
At September 30, 2019 and December 31, 2018, CRE loans of $46 million and $60 million, respectively, were considered impaired due to their status as a TDR.
|
|
|
(5) |
Includes home equity and residential mortgages considered impaired due to collateral dependent designation associated with their non-accrual status as well as home equity and mortgage loans considered impaired due to their status as a TDR. |
|
|
(6) |
The differences between the ending balance and unpaid principal balance amounts primarily represent partial charge-offs. |
|
|
(7) |
Impaired loans in the consumer portfolio are evaluated in pools and not at the loan level. Thus, these loans do not have an individually assigned allowance and as such are all classified as with an allowance in the tables above. |
|
| Detailed troubled debt restructuring information by class |
The following table presents, by class and modification type, the number of contracts, post-modification outstanding balance, and the financial effects of the modification for the three-month and nine-month periods ended September 30, 2019 and 2018.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
New Troubled Debt Restructurings (1) |
|
Three Months Ended September 30, 2019 |
|
Number of
Contracts |
|
Post-modification Outstanding Recorded Investment (2) |
(dollar amounts in millions) |
|
Interest rate reduction |
|
Amortization or maturity date change |
|
Chapter 7 bankruptcy |
|
Other |
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and industrial |
119 |
|
|
$ |
— |
|
|
$ |
39 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
39 |
|
Commercial real estate |
7 |
|
|
— |
|
|
1 |
|
|
— |
|
|
— |
|
|
1 |
|
Automobile |
833 |
|
|
— |
|
|
5 |
|
|
2 |
|
|
— |
|
|
7 |
|
Home equity |
76 |
|
|
— |
|
|
2 |
|
|
3 |
|
|
— |
|
|
5 |
|
Residential mortgage |
69 |
|
|
— |
|
|
9 |
|
|
— |
|
|
— |
|
|
9 |
|
RV and marine |
46 |
|
|
— |
|
|
1 |
|
|
— |
|
|
— |
|
|
1 |
|
Other consumer |
385 |
|
|
2 |
|
|
— |
|
|
— |
|
|
— |
|
|
2 |
|
Total new TDRs |
1,535 |
|
|
$ |
2 |
|
|
$ |
57 |
|
|
$ |
5 |
|
|
$ |
— |
|
|
$ |
64 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, 2018 |
|
Number of
Contracts |
|
Post-modification Outstanding Recorded Investment (2) |
(dollar amounts in millions) |
|
Interest rate reduction |
|
Amortization or maturity date change |
|
Chapter 7 bankruptcy |
|
Other |
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and industrial |
131 |
|
|
$ |
— |
|
|
$ |
35 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
35 |
|
Commercial real estate |
9 |
|
|
— |
|
|
5 |
|
|
— |
|
|
— |
|
|
5 |
|
Automobile |
848 |
|
|
— |
|
|
4 |
|
|
3 |
|
|
— |
|
|
7 |
|
Home equity |
159 |
|
|
— |
|
|
8 |
|
|
3 |
|
|
— |
|
|
11 |
|
Residential mortgage |
76 |
|
|
— |
|
|
8 |
|
|
1 |
|
|
— |
|
|
9 |
|
RV and marine |
40 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Other consumer |
386 |
|
|
2 |
|
|
— |
|
|
— |
|
|
— |
|
|
2 |
|
Total new TDRs |
1,649 |
|
|
$ |
2 |
|
|
$ |
60 |
|
|
$ |
7 |
|
|
$ |
— |
|
|
$ |
69 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
New Troubled Debt Restructurings (1) |
|
Nine Months Ended September 30, 2019 |
|
Number of
Contracts |
|
Post-modification Outstanding Recorded Investment (2) |
(dollar amounts in millions) |
|
Interest rate reduction |
|
Amortization or maturity date change |
|
Chapter 7 bankruptcy |
|
Other |
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and industrial |
335 |
|
|
$ |
— |
|
|
$ |
114 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
114 |
|
Commercial real estate |
21 |
|
|
— |
|
|
12 |
|
|
— |
|
|
— |
|
|
12 |
|
Automobile |
2,227 |
|
|
— |
|
|
14 |
|
|
6 |
|
|
— |
|
|
20 |
|
Home equity |
248 |
|
|
— |
|
|
7 |
|
|
6 |
|
|
— |
|
|
13 |
|
Residential mortgage |
241 |
|
|
— |
|
|
27 |
|
|
1 |
|
|
— |
|
|
28 |
|
RV and marine finance |
113 |
|
|
— |
|
|
1 |
|
|
1 |
|
|
— |
|
|
2 |
|
Other consumer |
972 |
|
|
6 |
|
|
— |
|
|
— |
|
|
— |
|
|
6 |
|
Total new TDRs |
4,157 |
|
|
$ |
6 |
|
|
$ |
175 |
|
|
$ |
14 |
|
|
$ |
— |
|
|
$ |
195 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended September 30, 2018 |
|
Number of
Contracts |
|
Post-modification Outstanding Recorded Investment (2) |
(dollar amounts in millions) |
|
Interest rate reduction |
|
Amortization or maturity date change |
|
Chapter 7 bankruptcy |
|
Other |
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and industrial |
641 |
|
|
$ |
— |
|
|
$ |
302 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
302 |
|
Commercial real estate |
95 |
|
|
— |
|
|
79 |
|
|
— |
|
|
— |
|
|
79 |
|
Automobile |
2,088 |
|
|
— |
|
|
11 |
|
|
6 |
|
|
— |
|
|
17 |
|
Home equity |
472 |
|
|
— |
|
|
21 |
|
|
8 |
|
|
— |
|
|
29 |
|
Residential mortgage |
278 |
|
|
— |
|
|
29 |
|
|
2 |
|
|
— |
|
|
31 |
|
RV and marine finance |
99 |
|
|
— |
|
|
— |
|
|
1 |
|
|
— |
|
|
1 |
|
Other consumer |
1,320 |
|
|
6 |
|
|
— |
|
|
— |
|
|
— |
|
|
6 |
|
Total new TDRs |
4,993 |
|
|
$ |
6 |
|
|
$ |
442 |
|
|
$ |
17 |
|
|
$ |
— |
|
|
$ |
465 |
|
|
|
(1) |
TDRs may include multiple concessions and the disclosure classifications are based on the primary concession provided to the borrower. |
|
|
(2) |
Post-modification balances approximate pre-modification balances. |
The financial effects of modification represent the impact on the provision (recovery) for loan and lease losses. Amounts for the three-month periods ended September 30, 2019 and 2018, were $1 million and $(1) million, respectively. For the nine-month periods ended September 30, 2019 and 2018, the financial effects of modification were $(1) million and $(11) million, respectively.
|