Annual report pursuant to Section 13 and 15(d)

LOANS / LEASES (Tables)

v3.20.4
LOANS / LEASES (Tables)
 12 Months Ended
Dec. 31, 2020
Receivables [Abstract]  
Schedule of financing receivable portfolio segments
The following table provides a detailed listing of Huntington’s loan and lease portfolio at December 31, 2020 and December 31, 2019.
At December 31,
(dollar amounts in millions) 2020 2019
Loans and leases:
Commercial and industrial $ 35,373  $ 30,664 
Commercial real estate 7,199  6,674 
Automobile 12,778  12,797 
Home equity 8,894  9,093 
Residential mortgage 12,141  11,376 
RV and marine 4,190  3,563 
Other consumer 1,033  1,237 
Total Loans and leases 81,608  75,404 
Allowance for loan and lease losses (1,814) (783)
Net loans and leases $ 79,794  $ 74,621 
Lease financing receivables
The following table presents net investments in lease financing receivables by category at December 31, 2020 and 2019:
 
At December 31,
(dollar amounts in millions) 2020 2019
Commercial and industrial:
Lease payments receivable $ 1,737  $ 1,841 
Estimated residual value of leased assets 664  728 
Gross investment in commercial and industrial lease financing receivables 2,401  2,569 
Deferred origination costs 21  19 
Deferred fees (200) (249)
Total net investment in commercial and industrial lease financing receivables $ 2,222  $ 2,339 
Nonaccrual loans by loan class
The following table presents NALs by loan class at December 31, 2020 and 2019: 
December 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 $ 69  $ 353  $ 109  $ 323 
Commercial real estate 8  15  2  10 
Automobile —  4  —  4 
Home equity —  70  —  59 
Residential mortgage —  88  —  71 
RV and marine —  2  —  1 
Other consumer —  —  —  — 
Total nonaccrual loans $ 77  $ 532  $ 111  $ 468 
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 December 31, 2020 and 2019:
December 31, 2020
Past Due (1)(2)  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 $ 60  $ 38  $ 95  $ 193  $ 35,180  $ —  $ 35,373  $ 10  (3)
Commercial real estate —  1  11  12  7,187  —  7,199  — 
Automobile 84  22  12  118  12,660  —  12,778  9 
Home equity 35  15  61  111  8,782  1  8,894  14 
Residential mortgage 114  38  194  346  11,702  93  12,141  132  (4)
RV and marine 17  3  3  23  4,167  —  4,190  3 
Other consumer 9  4  3  16  1,017  —  1,033  3 
Total loans and leases $ 319  $ 121  $ 379  $ 819  $ 80,695  $ 94  $ 81,608  $ 171 
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  (3)
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  (4)
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)At December 31, 2020, the principal balance of loans in payment deferral programs offered in response to the COVID-19 pandemic which are performing according to their modified terms are generally not considered delinquent.
(3)Amounts include Huntington Technology Finance administrative lease delinquencies.
(4)Amounts include mortgage loans insured by U.S. government agencies.
Loan and lease balances by credit quality indicator
The following table presents each loan and lease class by vintage and credit quality indicator at December 31, 2020:
As of December 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 $ 13,757  $ 4,525  $ 2,758  $ 1,347  $ 974  $ 916  $ 8,894  $ 2  $ 33,173 
OLEM 421  116  69  30  33  22  124  —  815 
Substandard 196  144  188  224  46  159  423  —  1,380 
Doubtful 2  —  1  —  —  1  1  —  5 
Total Commercial and industrial $ 14,376  $ 4,785  $ 3,016  $ 1,601  $ 1,053  $ 1,098  $ 9,442  $ 2  $ 35,373 
Commercial real estate
Credit Quality Indicator (1):
Pass $ 1,742  $ 1,610  $ 1,122  $ 507  $ 507  $ 539  $ 633  $ —  $ 6,660 
OLEM 94  78  63  37  28  14  4  —  318 
Substandard 27  46  10  29  58  14  36  —  220 
Doubtful —  —  —  —  —  1  —  —  1 
Total Commercial real estate $ 1,863  $ 1,734  $ 1,195  $ 573  $ 593  $ 568  $ 673  $ —  $ 7,199 
Automobile
Credit Quality Indicator (2):
750+ $ 2,670  $ 2,013  $ 1,144  $ 742  $ 317  $ 81  $ —  $ —  $ 6,967 
650-749 1,965  1,343  755  386  175  52  —  —  4,676 
<650 312  301  244  157  84  37  —  —  1,135 
Total Automobile $ 4,947  $ 3,657  $ 2,143  $ 1,285  $ 576  $ 170  $ —  $ —  $ 12,778 
Home equity
Credit Quality Indicator (2):
750+ $ 793  $ 26  $ 26  $ 32  $ 89  $ 451  $ 4,373  $ 192  $ 5,982 
650-749 147  9  8  11  27  157  1,906  181  2,446 
<650 1  1  1  1  6  70  286  99  465 
Total Home equity $ 941  $ 36  $ 35  $ 44  $ 122  $ 678  $ 6,565  $ 472  $ 8,893 
Residential mortgage
Credit Quality Indicator (2):
750+ $ 3,269  $ 1,370  $ 891  $ 1,064  $ 762  $ 1,243  $ 1  $ —  $ 8,600 
650-749 991  435  307  278  171  495  —  —  2,677 
<650 34  89  111  108  81  348  —  —  771 
Total Residential mortgage $ 4,294  $ 1,894  $ 1,309  $ 1,450  $ 1,014  $ 2,086  $ 1  $ —  $ 12,048 
RV and marine
Credit Quality Indicator (2):
750+ $ 1,136  $ 525  $ 589  $ 337  $ 153  $ 254  $ —  $ —  $ 2,994 
650-749 348  215  201  136  64  129  —  —  1,093 
<650 4  15  21  22  12  29  —  —  103 
Total RV and marine $ 1,488  $ 755  $ 811  $ 495  $ 229  $ 412  $ —  $ —  $ 4,190 
Other consumer
Credit Quality Indicator (2):
750+ $ 69  $ 58  $ 26  $ 8  $ 4  $ 14  $ 340  $ 2  $ 521 
650-749 36  56  17  5  2  3  294  30  443 
<650 2  8  3  1  —  1  26  28  69 
Total Other consumer $ 107  $ 122  $ 46  $ 14  $ 6  $ 18  $ 660  $ 60  $ 1,033 
(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 December 31, 2020, presented in other assets within the Consolidated Balance Sheets, was $146 million and $123 million for commercial and consumer, respectively.
The following tables present each loan and lease class by credit quality indicator at December 31, 2019:
December 31, 2019
Credit Risk Profile by UCS Classification
(dollar amounts in millions) 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)
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.
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 years ended December 31, 2020 and 2019.
New Troubled Debt Restructurings (1)
Year Ended December 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 317  $ —  $ 123  $ —  $ 58  $ 181 
Commercial real estate 13  —  3  —  —  3 
Automobile 3,018  —  29  6  —  35 
Home equity 273  —  6  8  2  16 
Residential mortgage 585  —  79  7  —  86 
RV and marine 168  —  4  1  —  5 
Other consumer 622  3  —  —  1  4 
Total new TDRs 4,996  $ 3  $ 244  $ 22  $ 61  $ 330 
Year Ended December 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 482  $ —  $ 172  $ —  $ 7  $ 179 
Commercial real estate 29  —  13  —  —  13 
Automobile 2,971  —  19  7  —  26 
Home equity 306  —  9  8  —  17 
Residential mortgage 330  —  35  2  —  37 
RV and marine 139  —  1  2  —  3 
Other consumer 972  8  —  —  —  8 
Total new TDRs 5,229  $ 8  $ 249  $ 19  $ 7  $ 283 
(1)TDRs may include multiple concessions. The disclosure classification is based on the primary concession provided to the borrower.
(2)Post-modification balances approximate pre-modification balances. The aggregate amount of charge-offs as a result of a restructuring are not significant.