LOANS AND LEASES LOANS AND LEASES (Notes)

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LOANS AND LEASES LOANS AND LEASES (Notes)	3 Months Ended
	Mar. 31, 2020
Financing Receivable, Allowance for Credit Loss [Abstract]
Financing Receivables [Text Block]	LOANS / LEASES Loans and leases which Huntington has the intent and ability to hold for the foreseeable future, or until maturity or payoff, are classified in the Unaudited Condensed Consolidated Balance Sheets as loans and leases. The total balance of unamortized premiums, discounts, fees, and costs, recognized as part of loans and leases, was a net premium of $543 million and $525 million at March 31, 2020 and December 31, 2019, respectively. Loan and Lease Portfolio Composition The following table provides a detailed listing of Huntington’s loan and lease portfolio at March 31, 2020 and December 31, 2019. (dollar amounts in millions) March 31, 2020   December 31, 2019 Loans and leases:       Commercial and industrial $ 32,959   $ 30,664 Commercial real estate 6,973   6,674 Automobile 12,907   12,797 Home equity 9,010   9,093 Residential mortgage 11,398   11,376 RV and marine 3,643   3,563 Other consumer 1,145   1,237 Loans and leases $ 78,035   $ 75,404 Allowance for loan and lease losses (1,504 )   (783 ) Net loans and leases $ 76,531   $ 74,621 Equipment Leases Huntington leases equipment to customers, and substantially all such arrangements are classified as either sales-type or direct financing leases, which are included in C&I loans. These leases are reported at the aggregate of lease payments receivable and estimated residual values, net of unearned and deferred income, and any initial direct costs incurred to originate these leases. Huntington assesses net investments in leases (including residual values) for impairment and recognizes any impairment losses in accordance with the impairment guidance for financial instruments. As such, net investments in leases may be reduced by an allowance for credit losses, with changes recognized as provision expense. The following table presents net investments in lease financing receivables by category at March 31, 2020 and December 31, 2019. (dollar amounts in millions) March 31, 2020   December 31, 2019 Commercial and industrial:       Lease payments receivable $ 1,815   $ 1,841 Estimated residual value of leased assets 722   728 Gross investment in commercial and industrial lease financing receivables 2,537   2,569 Deferred origination costs 20   19 Deferred fees (237 )   (249 ) Total net investment in commercial and industrial lease financing receivables $ 2,320   $ 2,339 The carrying value of residual values guaranteed was $97 million and $95 million as of March 31, 2020 and December 31, 2019, respectively. The future lease rental payments due from customers on sales-type and direct financing leases at March 31, 2020, totaled $1.8 billion and were due as follows: $0.7 billion in 2021, $0.5 billion in 2022, $0.3 billion in 2023, $0.1 billion in 2024, $0.1 billion in 2025, and $0.1 billion thereafter. Interest income recognized for these types of leases was $27 million and $26 million for the three-month periods ended March 31, 2020 and 2019, respectively. Nonaccrual and Past Due Loans Loans are considered past due when the contractual amounts due with respect to principal and interest are not received within 30 days of the contractual due date. See Note 1 “Significant Accounting Policies” to the Consolidated Financial Statements of the Annual Report on Form 10-K for the year ended December 31, 2019 for a description of the accounting policies related to the NALs. The following table presents NALs by loan class at March 31, 2020 and December 31, 2019.   March 31, 2020   December 31, 2019 (dollar amounts in millions) Nonaccrual loans with no ACL Total nonaccrual loans   Nonaccrual loans with no ACL Total nonaccrual loans Commercial and industrial $ 72 $ 396   $ 109 $ 323 Commercial real estate 1 30   2 10 Automobile — 6   — 4 Home equity — 58   — 59 Residential mortgage — 66   — 71 RV and marine — 2   — 1 Other consumer — —   — — Total nonaccrual loans $ 73 $ 558   $ 111 $ 468 The following table presents an aging analysis of loans and leases, including past due loans and leases, by loan class at March 31, 2020 and December 31, 2019:   March 31, 2020     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 $ 96   $ 31   $ 71   $ 198   $ 32,761   $ —   $ 32,959   $ 10 (2) Commercial real estate 12   2   6   20   6,953   —   6,973   —   Automobile 90   18   12   120   12,787   —   12,907   8   Home equity 46   18   48   112   8,897   1   9,010   12   Residential mortgage 76   42   168   286   11,032   80   11,398   131 (3) RV and marine 15   3   3   21   3,622   —   3,643   2   Other consumer 11   5   4   20   1,125   —   1,145   4   Total loans and leases $ 346   $ 119   $ 312   $ 777   $ 77,177   $ 81   $ 78,035   $ 167     December 31, 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 $ 65   $ 31   $ 69   $ 165   $ 30,499   $ —   $ 30,664   $ 11 (2) Commercial real estate 3   1   7   11   6,663   —   6,674   —   Automobile 95   19   11   125   12,672   —   12,797   8   Home equity 50   19   51   120   8,972   1   9,093   14   Residential mortgage 103   49   170   322   10,974   80   11,376   129 (3) RV and marine 13   4   2   19   3,544   —   3,563   2   Other consumer 13   6   7   26   1,211   —   1,237   7   Total loans and leases $ 342   $ 129   $ 317   $ 788   $ 74,535   $ 81   $ 75,404   $ 171   (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. Credit Quality Indicators See Note 4 “Loans / Leases and Allowance for Credit Losses” to the Consolidated Financial Statements of the Annual Report on Form 10-K for the year ended December 31, 2019 for a description of the credit quality indicators Huntington utilizes for monitoring credit quality and for determining an appropriate ACL level. To facilitate the monitoring of credit quality for commercial loans, and for purposes of determining an appropriate ACL level for these loans, Huntington utilizes the following internally defined categories of credit grades: • Pass - Higher quality loans that do not fit any of the other categories described below. • OLEM - The credit risk may be relatively minor yet represents a risk given certain specific circumstances. If the potential weaknesses are not monitored or mitigated, the loan may weaken or the collateral may be inadequate to protect Huntington’s position in the future. For these reasons, Huntington considers the loans to be potential problem loans. • Substandard - Inadequately protected loans resulting from the borrower’s ability to repay, equity, and/or the collateral pledged to secure the loan. These loans have identified weaknesses that could hinder normal repayment or collection of the debt. It is likely Huntington will sustain some loss if any identified weaknesses are not mitigated. • Doubtful - Loans that have all of the weaknesses inherent in those loans classified as Substandard, with the added elements of the full collection of the loan is improbable and that the possibility of loss is high. Loans are generally assigned a category of “Pass” rating upon initial approval and subsequently updated as appropriate based on the borrower’s financial performance. Commercial loans categorized as OLEM, Substandard, or Doubtful are considered Criticized loans. Commercial loans categorized as Substandard or Doubtful are both considered Classified loans. For all classes within the consumer loan portfolio, loans are assigned pool level PD factors based on the FICO range within which the borrower’s credit bureau score falls. A credit bureau score is a credit score developed by FICO based on data provided by the credit bureaus. The credit bureau score is widely accepted as the standard measure of consumer credit risk used by lenders, regulators, rating agencies, and consumers. The higher the credit bureau score, the higher likelihood of repayment and therefore, an indicator of higher credit quality. Huntington assesses the risk in the loan portfolio by utilizing numerous risk characteristics. The classifications described above, and also presented in the table below, represent one of those characteristics that are closely monitored in the overall credit risk management processes. The following table presents each loan and lease class by vintage and credit quality indicator at March 31, 2020:     As of March 31, 2020     Term Loans Amortized Cost Basis by Origination Year   Revolver Total at Amortized Cost Basis   Revolver Total Converted to Term Loans     (dollar amounts in millions)   2020   2019   2018   2017   2016   Prior       Total (3) Commercial and industrial                                     Credit Quality Indicator (1):                                     Pass   $ 2,808   $ 6,501   $ 3,795   $ 2,210   $ 1,336   $ 1,497   $ 12,554   $ 3   $ 30,704 OLEM   11   72   169   44   38   35   258   —   627 Substandard   23   142   268   149   118   211   711   —   1,622 Doubtful   —   —   5   —   —   1   —   —   6 Total Commercial and industrial   $ 2,842   $ 6,715   $ 4,237   $ 2,403   $ 1,492   $ 1,744   $ 13,523   $ 3   $ 32,959                                       Commercial real estate                                     Credit Quality Indicator (1):                                     Pass   $ 394   $ 1,798   $ 1,480   $ 724   $ 689   $ 786   $ 909   $ —   $ 6,780 OLEM   —   12   33   5   8   13   —   —   71 Substandard   3   4   10   36   36   23   9   —   121 Doubtful   —   —   —   —   —   1   —   —   1 Total Commercial real estate   $ 397   $ 1,814   $ 1,523   $ 765   $ 733   $ 823   $ 918   $ —   $ 6,973                                       Automobile                                     Credit Quality Indicator (2):                                     750+   $ 842   $ 2,495   $ 1,552   $ 1,150   $ 534   $ 242   $ —   $ —   $ 6,815 650-749   439   1,981   1,168   657   306   142   —   —   4,693 <650   48   464   383   268   146   90   —   —   1,399 Total Automobile   $ 1,329   $ 4,940   $ 3,103   $ 2,075   $ 986   $ 474   $ —   $ —   $ 12,907                                       Home equity                                     Credit Quality Indicator (2):                                     750+   $ 4   $ 37   $ 43   $ 43   $ 117   $ 593   $ 4,617   $ 191   $ 5,645 650-749   3   17   11   16   37   217   2,301   193   2,795 <650   —   —   2   1   9   94   345   118   569 Total Home equity   $ 7   $ 54   $ 56   $ 60   $ 163   $ 904   $ 7,263   $ 502   $ 9,009                                       Residential mortgage                                     Credit Quality Indicator (2):                                     750+   $ 494   $ 1,726   $ 1,444   $ 1,534   $ 1,059   $ 1,807   $ 1   $ —   $ 8,065 650-749   154   748   527   387   233   631   —   —   2,680 <650   5   35   61   75   58   339   —   —   573 Total Residential mortgage   $ 653   $ 2,509   $ 2,032   $ 1,996   $ 1,350   $ 2,777   $ 1   $ —   $ 11,318                                       RV and marine                                     Credit Quality Indicator (2):                                     750+   $ 211   $ 600   $ 720   $ 407   $ 184   $ 325   $ —   $ —   $ 2,447 650-749   46   304   269   187   86   176   —   —   1,068 <650   —   14   27   29   17   41   —   —   128 Total RV and marine   $ 257   $ 918   $ 1,016   $ 623   $ 287   $ 542   $ —   $ —   $ 3,643                                       Other consumer                                     Credit Quality Indicator (2):                                     750+   $ 35   $ 74   $ 36   $ 12   $ 6   $ 11   $ 325   $ 2   $ 501 650-749   16   85   30   11   4   6   352   30   534 <650   —   14   5   2   1   2   37   49   110 Total Other consumer   $ 51   $ 173   $ 71   $ 25   $ 11   $ 19   $ 714   $ 81   $ 1,145 (1) Consistent with the credit quality disclosures, indicators for the Commercial portfolio are based on internally defined categories of credit grades which are generally refreshed at least semi-annually. (2) Consistent with the credit quality disclosures, indicators for the Consumer portfolio are based on updated customer credit scores refreshed at least quarterly. (3) The total amount of accrued interest recorded for these loans at March 31, 2020, presented in Other assets within the Condensed Consolidated Balance Sheets, was $83 million and $117 million of commercial and consumer, respectively. The following table presents each loan and lease class by credit quality indicator at December 31, 2019.   December 31, 2019 (dollar amounts in millions) Credit Risk Profile by UCS Classification Commercial Pass   OLEM   Substandard   Doubtful   Total Commercial and industrial $ 28,477   $ 634   $ 1,551   $ 2   $ 30,664 Commercial real estate 6,487   98   88   1   6,674                           Credit Risk Profile by FICO Score (1), (2) Consumer     750+   650-749   <650   Total Automobile     $ 6,759   $ 4,661   $ 1,377   $ 12,797 Home equity     5,763   2,772   557   9,092 Residential mortgage     7,976   2,742   578   11,296 RV and marine     2,391   1,053   119   3,563 Other consumer     546   571   120   1,237 (1) Excludes loans accounted for under the fair value option. (2) Reflects updated customer credit scores. Collateral-dependent Loans Certain commercial and consumer loans for which repayment is expected to be provided substantially through the operation or sale of the loan collateral are considered to be collateral-dependent. Commercial collateral-dependent loans are generally secured by business assets and/or commercial real estate. Consumer collateral-dependent loans are primarily secured by residential real estate. TDR Loans TDRs are modified loans where a concession was provided to a borrower experiencing financial difficulties. Loan modifications are considered TDRs when the concessions provided would not otherwise be considered. However, not all loan modifications are TDRs. See Note 4 “Loans / Leases and Allowance for Credit Losses” to the Consolidated Financial Statements of the Annual Report on Form 10-K for the year ended December 31, 2019 for an additional discussion of TDRs. 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 periods ended March 31, 2020 and 2019.   New Troubled Debt Restructurings (1)   Three Months Ended March 31, 2020   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 140   $ —   $ 62   $ —   $ —   $ 62 Commercial real estate 7   —   2   —   —   2 Automobile 798   —   6   2   —   8 Home equity 63   —   1   2   —   3 Residential mortgage 101   —   9   2   —   11 RV and marine 28   —   1   —   —   1 Other consumer 249   1   —   —   —   1 Total new TDRs 1,386   $ 1   $ 81   $ 6   $ —   $ 88                           Three Months Ended March 31, 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 115   $ —   $ 35   $ —   $ —   $ 35 Commercial real estate 8   —   9   —   —   9 Automobile 744   —   5   2   —   7 Home equity 104   —   3   2   —   5 Residential mortgage 76   —   8   —   —   8 RV and marine 36   —   —   1   —   1 Other consumer 244   1   —   —   —   1 Total new TDRs 1,327   $ 1   $ 60   $ 5   $ —   $ 66 (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 March 31, 2020 and 2019, were $9 million and $(3) million, respectively. Pledged Loans and Leases The Bank has access to the Federal Reserve’s discount window and advances from the FHLB. As of March 31, 2020 and December 31, 2019, these borrowings and advances are secured by $45.1 billion and $39.6 billion, respectively, of loans and securities.