Huntington Bancshares Incorporated Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

LOANS AND LEASES AND ALLOWANCE FOR CREDIT LOSSES

LOANS AND LEASES AND ALLOWANCE FOR CREDIT LOSSES

12 Months Ended

Dec. 31, 2015

LOANS AND LEASES AND ALLOWANCE FOR CREDIT LOSSES

Except for loans which are accounted for at fair value, loans are carried at the principal amount outstanding, net of unamortized premiums and discounts and deferred loan fees and costs, which resulted in a net premium of $262 million and $230 million, at December 31, 2015 and 2014, respectively.

Loan and Lease Portfolio Composition

The table below summarizes the Company’s primary portfolios. For ACL purposes, these portfolios are further disaggregated into classes which are also summarized in the table below.



Portfolio	Class
Commercial and industrial	Owner occupied
	Purchased credit-impaired
	Other commercial and industrial

Commercial real estate	Retail properties
	Multi family
	Office
	Industrial and warehouse
	Purchased credit-impaired
	Other commercial real estate

Automobile	NA (1)

Home equity	Secured by first-lien
	Secured by junior-lien

Residential mortgage	Residential mortgage
	Purchased credit-impaired

Other consumer	Other consumer
	Purchased credit-impaired


(1)	Not applicable. The automobile loan portfolio is not further segregated into classes.

Direct Financing Leases

Huntington’s loan and lease portfolio includes lease financing receivables consisting of direct financing leases on equipment, which are included in C&I loans. Net investments in lease financing receivables by category at December 31, 2015 and 2014 were as follows:



	At December 31,
(dollar amounts in thousands)	2015			2014
Commercial and industrial:
Lease payments receivable	$	1,551,885		$	1,051,744
Estimated residual value of leased assets	711,181			483,407
Gross investment in commercial lease financing receivables	2,263,066			1,535,151
Net deferred origination costs	7,068			2,557
Unearned income	(208,669		)	(131,027		)
Total net investment in commercial lease financing receivables	$	2,061,465		$	1,406,681

The future lease rental payments due from customers on direct financing leases at December 31, 2015, totaled $1.6 billion and therefore were as follows: $0.5 billion in 2016, $0.4 billion in 2017, $0.3 billion in 2018, $0.2 billion in 2019, $0.1 billion in 2020, and $0.1 billion thereafter.

Huntington Technology Finance acquisition

On March 31, 2015, Huntington completed its acquisition of Macquarie Equipment Finance, which was re-branded Huntington Technology Finance. Lease receivables with a fair value of $839 million, including a lease residual value of approximately $200 million, were acquired by Huntington. These leases were recorded at fair value. The fair values of the leases were estimated using discounted cash flow analyses using interest rates currently being offered for leases with similar terms (Level 3), and reflected an estimate of credit and other risk associated with the leases.

Camco Financial acquisition

On March 1, 2014, Huntington completed its acquisition of Camco Financial. Loans with a fair value of $559 million were acquired by Huntington.

Purchased Credit-Impaired Loans

The following table presents a rollforward of the accretable yield by acquisition for the year ended December 31, 2015 and 2014:



(dollar amounts in thousands)	2015			2014
Fidelity Bank
Balance at January 1,	$	19,388		$	27,995
Accretion	(11,032		)	(13,485		)
Reclassification from nonaccretable difference	7,856			4,878
Balance at December 31,	$	16,212		$	19,388
Camco Financial
Balance at January 1,	$	824		$	—
Impact of acquisition on March 1, 2014	—			143
Accretion	(1,380		)	(5,597		)
Reclassification from nonaccretable difference	556			6,278
Balance at December 31,	$	—		$	824

The allowance for loan losses recorded on the purchased credit-impaired loan portfolio at December 31, 2015 and 2014 was $3 million and $4 million, respectively. The following table reflects the ending and unpaid balances of all contractually required payments and carrying amounts of the acquired loans by acquisition at December 31, 2015 and 2014:



	December 31, 2015				December 31, 2014
(dollar amounts in thousands)	Ending Balance		Unpaid Balance		Ending Balance		Unpaid Balance
Fidelity Bank
Commercial and industrial	$	21,017	$	30,676	$	22,405	$	33,622
Commercial real estate	13,758		55,358		36,663		87,250
Residential mortgage	1,454		2,189		1,912		3,096
Other consumer	52		101		51		123
Total	$	36,281	$	88,324	$	61,031	$	124,091
Camco Financial
Commercial and industrial	$	—	$	—	$	823	$	1,685
Commercial real estate	—		—		1,708		3,826
Residential mortgage	—		—		—		—
Other consumer	—		—		—		—
Total	$	—	$	—	$	2,531	$	5,511

Loan Purchases and Sales

The following table summarizes significant portfolio loan purchase and sale activity for the years ended December 31, 2015 and 2014. The table below excludes mortgage loans originated for sale.



	Commercial and Industrial		Commercial Real Estate		Automobile		(1)	Home Equity		Residential Mortgage		Other Consumer		Total
(dollar amounts in thousands)
Portfolio loans purchased during the:
Year ended December 31, 2015	$	316,252	$	—	$	—		$	—	$	20,463	$	—	$	336,715
Year ended December 31, 2014	326,557		—		—			—		18,482		—		345,039
Portfolio loans sold or transferred to loans held for sale during the:
Year ended December 31, 2015	380,713		—		764,540			96,786		—		—		1,242,039
Year ended December 31, 2014	352,062		8,447		—			—		—		7,592		368,101

(1) Reflects the transfer of approximately $1.0 billion of automobile loans to loans held-for-sale at March 31, 2015, net of approximately $262 million of automobile loans transferred to loans and leases in the 2015 second quarter.

NALs and Past Due Loans

The following table presents NALs by loan class for the years ended December 31, 2015 and 2014:



	December 31,
(dollar amounts in thousands)	2015		2014
Commercial and industrial:
Owner occupied	$	35,481	$	41,285
Other commercial and industrial	139,714		30,689
Total commercial and industrial	175,195		71,974
Commercial real estate:
Retail properties	7,217		21,385
Multi family	5,819		9,743
Office	10,495		7,707
Industrial and warehouse	2,202		3,928
Other commercial real estate	3,251		5,760
Total commercial real estate	28,984		48,523
Automobile	6,564		4,623
Home equity:
Secured by first-lien	35,389		46,938
Secured by junior-lien	30,889		31,622
Total home equity	66,278		78,560
Residential mortgage	94,560		96,564
Other consumer	—		—
Total nonaccrual loans	$	371,581	$	300,244

The amount of interest that would have been recorded under the original terms for total NAL loans was $20 million, $21 million, and $23 million for 2015, 2014, and 2013, respectively. The total amount of interest recorded to interest income for these loans was $10 million, $8 million, and $5 million in 2015, 2014, and 2013, respectively.

The following table presents an aging analysis of loans and leases, including past due loans and leases, by loan class for the years ended December 31, 2015 and 2014 (1):



	December 31, 2015
	Past Due										Total Loans and Leases		90 or more days past due and accruing
(dollar amounts in thousands)	30-59 Days		60-89 Days		90 or more days		Total		Current		Total Loans and Leases		90 or more days past due and accruing
Commercial and industrial:
Owner occupied	$	11,947	$	3,613	$	13,793	$	29,353	$	3,983,447	$	4,012,800	$	—
Purchased credit-impaired	292		1,436		5,949		7,677		13,340		21,017		5,949		(3)
Other commercial and industrial	32,476		8,531		27,236		68,243		16,457,774		16,526,017		2,775		(2)
Total commercial and industrial	44,715		13,580		46,978		105,273		20,454,561		20,559,834		8,724
Commercial real estate:
Retail properties	1,823		195		3,637		5,655		1,501,054		1,506,709		—
Multi family	961		1,137		2,691		4,789		1,073,429		1,078,218		—
Office	5,022		256		3,016		8,294		886,331		894,625		—
Industrial and warehouse	93		—		373		466		503,701		504,167		—
Purchased credit-impaired	102		3,818		9,549		13,469		289		13,758		9,549		(3)
Other commercial real estate	1,231		315		2,400		3,946		1,267,228		1,271,174		—
Total commercial real estate	9,232		5,721		21,666		36,619		5,232,032		5,268,651		9,549
Automobile	69,553		14,965		7,346		91,864		9,388,814		9,480,678		7,162
Home equity:
Secured by first-lien	18,349		7,576		26,304		52,229		5,139,256		5,191,485		4,499
Secured by junior-lien	18,128		9,329		29,996		57,453		3,221,544		3,278,997		4,545
Total home equity	36,477		16,905		56,300		109,682		8,360,800		8,470,482		9,044
Residential mortgage:
Residential mortgage	102,670		34,298		119,354		256,322		5,740,624		5,996,946		69,917		(4)
Purchased credit-impaired	103		—		—		103		1,351		1,454		—
Total residential mortgage	102,773		34,298		119,354		256,425		5,741,975		5,998,400		69,917
Other consumer:
Other consumer	6,469		1,852		1,395		9,716		553,286		563,002		1,394
Purchased credit-impaired	—		—		—		—		52		52		—
Total other consumer	6,469		1,852		1,395		9,716		553,338		563,054		1,394
Total loans and leases	$	269,219	$	87,321	$	253,039	$	609,579	$	49,731,520	$	50,341,099	$	105,790



	December 31, 2014
	Past Due										Total Loans and Leases		90 or more days past due and accruing
(dollar amounts in thousands)	30-59 Days		60-89 Days		90 or more days		Total		Current		Total Loans and Leases		90 or more days past due and accruing
Commercial and industrial:
Owner occupied	$	5,232	$	2,981	$	18,222	$	26,435	$	4,228,440	$	4,254,875	$	—
Purchased credit-impaired	846		—		4,937		5,783		17,445		23,228		4,937		(3)
Other commercial and industrial	15,330		1,536		9,101		25,967		14,729,076		14,755,043		—
Total commercial and industrial	21,408		4,517		32,260		58,185		18,974,961		19,033,146		4,937
Commercial real estate:
Retail properties	7,866		—		4,021		11,887		1,345,859		1,357,746		—
Multi family	1,517		312		3,337		5,166		1,085,250		1,090,416		—
Office	464		1,167		4,415		6,046		974,257		980,303		—
Industrial and warehouse	688		—		2,649		3,337		510,064		513,401		—
Purchased credit-impaired	89		289		18,793		19,171		19,200		38,371		18,793		(3)
Other commercial real estate	847		1,281		3,966		6,094		1,211,072		1,217,166		—
Total commercial real estate	11,471		3,049		37,181		51,701		5,145,702		5,197,403		18,793
Automobile	56,272		10,427		5,963		72,662		8,617,240		8,689,902		5,703
Home equity
Secured by first-lien	15,036		8,085		33,014		56,135		5,072,669		5,128,804		4,471
Secured by junior-lien	22,473		12,297		33,406		68,176		3,293,935		3,362,111		7,688
Total home equity	37,509		20,382		66,420		124,311		8,366,604		8,490,915		12,159
Residential mortgage
Residential mortgage	102,702		42,009		139,379		284,090		5,544,607		5,828,697		88,052		(5)
Purchased credit-impaired	—		—		—		—		1,912		1,912		—
Total residential mortgage	102,702		42,009		139,379		284,090		5,546,519		5,830,609		88,052
Other consumer
Other consumer	5,491		1,086		837		7,414		406,286		413,700		837
Purchased credit-impaired	—		—		—		—		51		51		—
Total other consumer	5,491		1,086		837		7,414		406,337		413,751		837
Total loans and leases	$	234,853	$	81,470	$	282,040	$	598,363	$	47,057,363	$	47,655,726	$	130,481


(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 represent accruing purchased impaired loans related to acquisitions. Under the applicable accounting guidance (ASC 310-30), the loans were recorded at fair value upon acquisition and remain in accruing status.


(4)	Includes $56 million guaranteed by the U.S. government.


(5)	Includes $55 million guaranteed by the U.S. government.

Allowance for Credit Losses

The ACL is increased through a provision for credit losses that is charged to earnings, based on Management’s quarterly evaluation of the factors disclosed in Note 1. Significant Accounting Policies and is reduced by charge-offs, net of recoveries, and the ACL associated with securitized or sold loans.

During the 2015 first quarter, we reviewed our existing commercial and consumer credit models and enhanced certain processes and methods of ACL estimation. During this review, we analyzed the loss emergence periods used for consumer receivables collectively evaluated for impairment and, as a result, extended our loss emergence periods for products within these portfolios. As part of these enhancements to our credit reserve process, we also evaluated the methods used to separately estimate economic risks inherent in our portfolios and decided to no longer utilize these separate estimation techniques. Rather, we now incorporate economic risks in our loss estimates elsewhere in our reserve calculation. The enhancements made to our credit reserve processes during the quarter allow for increased segmentation and analysis of the estimated incurred losses within our loan portfolios. The net ACL impact of these enhancements was immaterial.

During the 2015 third quarter, we reviewed our existing commercial and consumer credit models and completed a periodic reassessment of certain ACL assumptions. Specifically, we updated our analysis of the loss emergence periods used for commercial receivables collectively evaluated for impairment. Based on our observed portfolio experience, we extended our loss emergence periods for the C&I portfolio and CRE portfolios. We also updated loss factors in our consumer home equity and residential mortgage portfolios based on more recently observed portfolio experience. The net ACL impact of these enhancements was immaterial.

The following table presents ALLL and AULC activity by portfolio segment for the years ended December 31, 2015, 2014, and 2013:



(dollar amounts in thousands)	Commercial and Industrial			Commercial Real Estate			Automobile			Home Equity			Residential Mortgage			Other Consumer			Total
Year ended December 31, 2015:
ALLL balance, beginning of period	$	286,995		$	102,839		$	33,466		$	96,413		$	47,211		$	38,272		$	605,196
Loan charge-offs	(79,724		)	(18,076		)	(36,489		)	(36,481		)	(15,696		)	(31,415		)	(217,881		)
Recoveries of loans previously charged-off	51,800			34,619			16,198			16,631			5,570			5,270			130,088
Provision (reduction in allowance) for loan and lease losses	39,675			(19,375		)	38,621			12,173			5,443			12,142			88,679
Write-downs of loans sold or transferred to loans held for sale	—			—			(2,292		)	(5,065		)	(882		)	—			(8,239		)
ALLL balance, end of period	$	298,746		$	100,007		$	49,504		$	83,671		$	41,646		$	24,269		$	597,843
AULC balance, beginning of period	$	48,988		$	6,041		$	—		$	1,924		$	8		$	3,845		$	60,806
Provision (reduction in allowance) for unfunded loan commitments and letters of credit	6,898			1,521			—			144			10			2,702			11,275
AULC balance, end of period	$	55,886		$	7,562		$	—		$	2,068		$	18		$	6,547		$	72,081
ACL balance, end of period	$	354,632		$	107,569		$	49,504		$	85,739		$	41,664		$	30,816		$	669,924

Year ended December 31, 2014:
ALLL balance, beginning of period	$	265,801		$	162,557		$	31,053		$	111,131		$	39,577		$	37,751		$	647,870
Loan charge-offs	(76,654		)	(24,704		)	(31,330		)	(54,473		)	(25,946		)	(33,494		)	(246,601		)
Recoveries of loans previously charged-off	44,531			34,071			13,762			17,526			6,194			5,890			121,974
Provision (reduction in allowance) for loan and lease losses	53,317			(69,085		)	19,981			22,229			27,386			29,254			83,082
Write-downs of loans sold or transferred to loans held for sale	—			—			—			—			—			(1,129		)	(1,129		)
ALLL balance, end of period	$	286,995		$	102,839		$	33,466		$	96,413		$	47,211		$	38,272		$	605,196
AULC balance, beginning of period	$	49,596		$	9,891		$	—		$	1,763		$	9		$	1,640		$	62,899
Provision (reduction in allowance) for unfunded loan commitments and letters of credit	(608		)	(3,850		)	—			161			(1		)	2,205			(2,093		)
AULC balance, end of period	$	48,988		$	6,041		$	—		$	1,924		$	8		$	3,845		$	60,806
ACL balance, end of period	$	335,983		$	108,880		$	33,466		$	98,337		$	47,219		$	42,117		$	666,002
(dollar amounts in thousands)
Year Ended December 31, 2013:
ALLL balance, beginning of period	$	241,051		$	285,369		$	34,979		$	118,764		$	61,658		$	27,254		$	769,075
Loan charge-offs	(45,904		)	(69,512		)	(23,912		)	(98,184		)	(34,236		)	(34,568		)	(306,316		)
Recoveries of loans previously charged-off	29,514			44,658			13,375			15,921			7,074			7,108			117,650
Provision (reduction in allowance) for loan and lease losses	41,140			(97,958		)	6,611			74,630			5,417			37,957			67,797
Write-downs of loans sold or transferred to loans held for sale	—			—			—			—			(336		)	—			(336		)
ALLL balance, end of period	$	265,801		$	162,557		$	31,053		$	111,131		$	39,577		$	37,751		$	647,870
AULC balance, beginning of period	$	33,868		$	4,740		$	—		$	1,356		$	3		$	684		$	40,651
Provision (reduction in allowance) for unfunded loan commitments and letters of credit	15,728			5,151			—			407			6			956			22,248
AULC balance, end of period	$	49,596		$	9,891		$	—		$	1,763		$	9		$	1,640		$	62,899
ACL balance, end of period	$	315,397		$	172,448		$	31,053		$	112,894		$	39,586		$	39,391		$	710,769

Credit Quality Indicators

To facilitate the monitoring of credit quality for C&I and CRE loans, and for purposes of determining an appropriate ACL level for these loans, Huntington utilizes the following 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 represent 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 by 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.

The categories above, which are derived from standard regulatory rating definitions, are assigned upon initial approval of the loan or lease and subsequently updated as appropriate.

Commercial loans categorized as OLEM, Substandard, or Doubtful are considered Criticized loans. Commercial loans categorized as Substandard or Doubtful are also considered Classified loans.

For all classes within all consumer loan portfolios, each loan is assigned a specific PD factor that is partially based on the borrower’s most recent credit bureau score, which we update quarterly. A credit bureau score is a credit score developed by Fair Isaac

Corporation 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 credit quality indicator for the years ended December 31, 2015 and 2014:



	December 31, 2015
	Credit Risk Profile by UCS Classification
(dollar amounts in thousands)	Pass		OLEM		Substandard		Doubtful		Total
Commercial and industrial:
Owner occupied	$	3,731,113	$	114,490	$	165,301	$	1,896	$	4,012,800
Purchased credit-impaired	3,051		674		15,661		1,631		21,017
Other commercial and industrial	15,523,625		284,175		714,615		3,602		16,526,017
Total commercial and industrial	19,257,789		399,339		895,577		7,129		20,559,834
Commercial real estate:
Retail properties	1,473,014		10,865		22,830		—		1,506,709
Multi family	1,029,138		28,862		19,898		320		1,078,218
Office	822,824		35,350		36,011		440		894,625
Industrial and warehouse	493,402		259		10,450		56		504,167
Purchased credit-impaired	7,194		397		6,167		—		13,758
Other commercial real estate	1,240,482		4,054		25,811		827		1,271,174
Total commercial real estate	$	5,066,054	$	79,787	$	121,167	$	1,643	$	5,268,651

	Credit Risk Profile by FICO Score (1)
	750+		650-749		<650		Other (2)		Total
Automobile	$	4,680,684	$	3,454,585	$	1,086,914	$	258,495	$	9,480,678
Home equity:
Secured by first-lien	3,369,657		1,441,574		258,328		121,926		5,191,485
Secured by junior-lien	1,841,084		1,024,851		323,998		89,064		3,278,997
Total home equity	5,210,741		2,466,425		582,326		210,990		8,470,482
Residential mortgage:
Residential mortgage	3,563,683		1,813,002		567,688		52,573		5,996,946
Purchased credit-impaired	381		777		296		—		1,454
Total residential mortgage	3,564,064		1,813,779		567,984		52,573		5,998,400
Other consumer:
Other consumer	233,969		269,694		49,650		9,689		563,002
Purchased credit-impaired	—		52		—		—		52
Total other consumer	$	233,969	$	269,746	$	49,650	$	9,689	$	563,054



	December 31, 2014
	Credit Risk Profile by UCS Classification
(dollar amounts in thousands)	Pass		OLEM		Substandard		Doubtful		Total
Commercial and industrial:
Owner occupied	$	3,959,046	$	117,637	$	175,767	$	2,425	$	4,254,875
Purchased credit-impaired	3,915		741		14,901		3,671		23,228
Other commercial and industrial	13,925,334		386,666		440,036		3,007		14,755,043
Total commercial and industrial	17,888,295		505,044		630,704		9,103		19,033,146
Commercial real estate:
Retail properties	1,279,064		10,204		67,911		567		1,357,746
Multi family	1,044,521		12,608		32,322		965		1,090,416
Office	902,474		33,107		42,578		2,144		980,303
Industrial and warehouse	487,454		7,877		17,781		289		513,401
Purchased credit-impaired	6,914		803		25,460		5,194		38,371
Other commercial real estate	1,166,293		9,635		40,019		1,219		1,217,166
Total commercial real estate	$	4,886,720	$	74,234	$	226,071	$	10,378	$	5,197,403

	Credit Risk Profile by FICO Score (1)
	750+		650-749		<650		Other (2)		Total
Automobile	$	4,165,811	$	3,249,141	$	1,028,381	$	246,569	$	8,689,902
Home equity:
Secured by first-lien	3,255,088		1,426,191		283,152		164,373		5,128,804
Secured by junior-lien	1,832,663		1,095,332		348,825		85,291		3,362,111
Total home equity	5,087,751		2,521,523		631,977		249,664		8,490,915
Residential mortgage
Residential mortgage	3,285,310		1,785,137		666,562		91,688		5,828,697
Purchased credit-impaired	594		1,135		183		—		1,912
Total residential mortgage	3,285,904		1,786,272		666,745		91,688		5,830,609
Other consumer
Other consumer	195,128		187,781		30,582		209		413,700
Purchased credit-impaired	—		51		—		—		51
Total other consumer	$	195,128	$	187,832	$	30,582	$	209	$	413,751


(1)	Reflects most recent customer credit scores.


(2)	Reflects deferred fees and costs, loans in process, loans to legal entities, etc.

Impaired Loans

For all classes within the C&I and CRE portfolios, all loans with an outstanding balance of $1 million or greater are considered for individual evaluation on a quarterly basis for impairment . Generally, consumer loans within any class are not individually evaluated on a regular basis for impairment. However, certain home equity and residential mortgage loans are measured for impairment based on the underlying collateral value. All TDRs, regardless of the outstanding balance amount, are also considered to be impaired. Loans acquired with evidence of deterioration of credit quality since origination for which it is probable at acquisition that all contractually required payments will not be collected are also considered to be impaired.

Once a loan has been identified for an assessment of impairment, the loan is considered impaired when, based on current information and events, it is probable that all amounts due according to the contractual terms of the loan agreement will not be collected. This determination requires significant judgment and use of estimates, and the eventual outcome may differ significantly from those estimates.

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 for the years ended December 31, 2015 and 2014 (1):



(dollar amounts in thousands)	Commercial and Industrial		Commercial Real Estate		Automobile		Home Equity		Residential Mortgage		Other Consumer		Total
ALL at December 31, 2015:
Portion of ALLL balance:
Attributable to purchased credit-impaired loans	$	2,602	$	—	$	—	$	—	$	127	$	—	$	2,729
Attributable to loans individually evaluated for impairment	19,314		8,114		1,779		16,242		16,811		176		62,436
Attributable to loans collectively evaluated for impairment	276,830		91,893		47,725		67,429		24,708		24,093		532,678
Total ALLL balance	$	298,746	$	100,007	$	49,504	$	83,671	$	41,646	$	24,269	$	597,843
Loan and Lease Ending Balances at December 31, 2015:
Portion of loan and lease ending balance:
Attributable to purchased credit-impaired loans	$	21,017	$	13,758	$	—	$	—	$	1,454	$	52	$	36,281
Individually evaluated for impairment	481,033		144,977		31,304		248,839		366,995		4,640		1,277,788
Collectively evaluated for impairment	20,057,784		5,109,916		9,449,374		8,221,643		5,629,951		558,362		49,027,030
Total loans and leases evaluated for impairment	$	20,559,834	$	5,268,651	$	9,480,678	$	8,470,482	$	5,998,400	$	563,054	$	50,341,099
Portion of ending balance of impaired loans:
With allowance assigned to the loan and lease balances	$	246,249	$	90,475	$	31,304	$	248,839	$	368,449	$	4,640	$	989,956
With no allowance assigned to the loan and lease balances	255,801		68,260		—		—		—		52		324,113
Total	$	502,050	$	158,735	$	31,304	$	248,839	$	368,449	$	4,692	$	1,314,069

Average balance of impaired loans	$	382,051	$	202,192	$	30,163	$	292,014	$	373,573	$	4,726	$	1,284,719
ALLL on impaired loans	21,916		8,114		1,779		16,242		16,938		176		65,165



(dollar amounts in thousands)	Commercial and Industrial		Commercial Real Estate		Automobile		Home Equity		Residential Mortgage		Other Consumer		Total
ALLL at December 31, 2014
Portion of ALLL balance:
Attributable to purchased credit-impaired loans	$	3,846	$	—	$	—	$	—	$	8	$	245	$	4,099
Attributable to loans individually evaluated for impairment	11,049		18,887		1,531		26,027		16,535		214		74,243
Attributable to loans collectively evaluated for impairment	272,100		83,952		31,935		70,386		30,668		37,813		526,854
Total ALLL balance:	$	286,995	$	102,839	$	33,466	$	96,413	$	47,211	$	38,272	$	605,196
Loan and Lease Ending Balances at December 31, 2014
Portion of loan and lease ending balances:
Attributable to purchased credit-impaired loans	$	23,228	$	38,371	$	—	$	—	$	1,912	$	51	$	63,562
Individually evaluated for impairment	216,993		217,262		30,612		310,446		369,577		4,088		1,148,978
Collectively evaluated for impairment	18,792,925		4,941,770		8,659,290		8,180,469		5,459,120		409,612		46,443,186
Total loans and leases evaluated for impairment	$	19,033,146	$	5,197,403	$	8,689,902	$	8,490,915	$	5,830,609	$	413,751	$	47,655,726
Portion of ending balance:
With allowance assigned to the loan and lease balances	$	202,376	$	144,162	$	30,612	$	310,446	$	371,489	$	4,139	$	1,063,224
With no allowance assigned to the loan and lease balances	37,845		111,471		—		—		—		—		149,316
Total	$	240,221	$	255,633	$	30,612	$	310,446	$	371,489	$	4,139	$	1,212,540

Average balance of impaired loans	$	174,316	$	511,590	$	34,637	$	258,881	$	384,026	$	2,879	$	1,366,329
ALLL on impaired loans	14,895		18,887		1,531		26,027		16,543		459		78,342

The following tables present by class the ending, unpaid principal balance, and the related ALLL, along with the average balance and interest income recognized only for loans and leases individually evaluated for impairment and purchased credit-impaired loans for the years ended December 31, 2015 and 2014 (1), (2):



							Year Ended
	December 31, 2015						December 31, 2015
(dollar amounts in thousands)	Ending Balance		Unpaid Principal Balance (5)		Related Allowance		Average Balance		Interest Income Recognized
With no related allowance recorded:
Commercial and industrial:
Owner occupied	$	57,832	$	65,812	$	—	$	30,672	$	520
Purchased credit-impaired	—		—		—		—		—
Other commercial and industrial	197,969		213,739		—		83,717		2,064
Total commercial and industrial	255,801		279,551		$	—	114,389		2,584
Commercial real estate:
Retail properties	42,009		54,021		—		48,903		2,031
Multi family	—		—		—		—		—
Office	9,030		12,919		—		7,767		309
Industrial and warehouse	1,720		1,741		—		777		47
Purchased credit-impaired	13,758		55,358		—		28,168		4,707
Other commercial real estate	1,743		1,775		—		2,558		105
Total commercial real estate	68,260		125,814		—		88,173		7,199
Other consumer
Other consumer	—		—		—		—		—
Purchased credit-impaired	52		101		—		51		17
Total other consumer	$	52	$	101	$	—	$	51	$	17

With an allowance recorded:
Commercial and industrial: (3)
Owner occupied	$	54,092	$	62,527	$	4,171	$	54,785	$	1,985
Purchased credit-impaired	21,017		30,676		2,602		21,046		7,190
Other commercial and industrial	171,140		181,000		15,143		191,831		5,935
Total commercial and industrial	246,249		274,203		21,916		267,662		15,110
Commercial real estate: (4)
Retail properties	9,096		11,121		1,190		31,636		1,204
Multi family	34,349		37,208		1,593		17,043		740
Office	14,365		17,350		1,177		31,148		1,301
Industrial and warehouse	9,721		10,550		1,540		7,311		301
Purchased credit-impaired	—		—		—		—		—
Other commercial real estate	22,944		28,701		2,614		26,881		1,287
Total commercial real estate	90,475		104,930		8,114		114,019		4,833
Automobile	31,304		31,878		1,779		30,163		2,224
Home equity:
Secured by first-lien	52,672		57,224		4,359		108,942		4,186
Secured by junior-lien	196,167		227,733		11,883		183,072		8,906
Total home equity	248,839		284,957		16,242		292,014		13,092
Residential mortgage (6):
Residential mortgage	366,995		408,925		16,811		371,756		12,391
Purchased credit-impaired	1,454		2,189		127		1,817		498
Total residential mortgage	368,449		411,114		16,938		373,573		12,889
Other consumer:



Other consumer	4,640		4,649		176		4,675		254
Purchased credit-impaired	—		—		—		—		—
Total other consumer	$	4,640	$	4,649	$	176	$	4,675	$	254



							Year Ended
	December 31, 2014						December 31, 2014
(dollar amounts in thousands)	Ending Balance		Unpaid Principal Balance (5)		Related Allowance		Average Balance		Interest Income Recognized
With no related allowance recorded:
Commercial and industrial:
Owner occupied	$	13,536	$	13,536	$	—	$	5,740	$	205
Purchased credit-impaired	—		—		—		—		—
Other commercial and industrial	24,309		26,858		—		7,536		375
Total commercial and industrial	37,845		40,394		—		13,276		580
Commercial real estate:
Retail properties	61,915		91,627		—		53,121		2,454
Multi family	—		—		—		—		—
Office	1,130		3,574		—		3,709		311
Industrial and warehouse	3,447		3,506		—		5,012		248
Purchased credit-impaired	38,371		91,075		—		59,424		11,519
Other commercial real estate	6,608		6,815		—		6,598		286
Total commercial real estate	111,471		196,597		—		127,864		14,818
Automobile	—		—		—		—		—
Home equity:
Secured by first-lien	—		—		—		—		—
Secured by junior-lien	—		—		—		—		—
Total home equity	—		—		—		—		—
Residential mortgage:
Residential mortgage	—		—		—		—		—
Purchased credit-impaired	—		—		—		—		—
Total residential mortgage	—		—		—		—		—
Other consumer:
Other consumer	—		—		—		—		—
Purchased credit-impaired	—		—		—		—		—
Total other consumer	$	—	$	—	$	—	$	—	$	—
With an allowance recorded:
Commercial and industrial: (3)
Owner occupied	$	44,869	$	53,639	$	4,220	$	40,192	$	1,557
Purchased credit-impaired	23,228		35,307		3,846		32,253		6,973
Other commercial and industrial	134,279		162,908		6,829		88,595		2,686
Total commercial and industrial	202,376		251,854		14,895		161,040		11,216
Commercial real estate: (4)
Retail properties	37,081		38,397		3,536		63,393		1,983
Multi family	17,277		23,725		2,339		16,897		659
Office	52,953		56,268		8,399		52,831		2,381
Industrial and warehouse	8,888		10,396		720		9,092		274
Purchased credit-impaired	—		—		—		—		—



Other commercial real estate	27,963		33,472		3,893		241,513		1,831
Total commercial real estate	144,162		162,258		18,887		383,726		7,128
Automobile	30,612		32,483		1,531		34,637		2,637
Home equity:
Secured by first-lien	145,566		157,978		8,296		126,602		5,496
Secured by junior-lien	164,880		208,118		17,731		132,279		6,379
Total home equity	310,446		366,096		26,027		258,881		11,875
Residential mortgage: (6)
Residential mortgage	369,577		415,280		16,535		381,745		11,594
Purchased credit-impaired	1,912		3,096		8		2,281		574
Total residential mortgage	371,489		418,376		16,543		384,026		12,168
Other consumer:
Other consumer	4,088		4,209		214		2,796		202
Purchased credit-impaired	51		123		245		83		15
Total other consumer	$	4,139	$	4,332	$	459	$	2,879	$	217


(1)	These tables do not include loans fully charged-off.


(2)	All automobile, home equity, residential mortgage, and other consumer impaired loans included in these tables are considered impaired due to their status as a TDR.


(3)	At December 31, 2015, $91 million of the $246 million C&I loans with an allowance recorded were considered impaired due to their status as a TDR. At December 31, 2014, $63 million of the $202 million C&I loans with an allowance recorded were considered impaired due to their status as a TDR.


(4)	At December 31, 2015, $35 million of the $90 million CRE loans with an allowance recorded were considered impaired due to their status as a TDR. At December 31, 2014, $27 million of the $144 million CRE loans with an allowance recorded were considered impaired due to their status as a TDR.


(5)	The differences between the ending balance and unpaid principal balance amounts represent partial charge-offs.


(6)	At December 31, 2015, $29 million of the $368 million residential mortgage loans with an allowance recorded were guaranteed by the U.S. government. At December 31, 2014, $24 million of the $371 million residential mortgage loans with an allowance recorded were guaranteed by the U.S. government.

TDR Loans

The amount of interest that would have been recorded under the original terms for total accruing TDR loans was $46 million, $45 million, and $44 million for 2015, 2014, and 2013, respectively. The total amount of interest recorded to interest income for these loans was $41 million, $39 million, and $36 million for 2015, 2014, and 2013, respectively.

TDR Concession Types

The Company’s standards relating to loan modifications consider, among other factors, minimum verified income requirements, cash flow analyses, and collateral valuations. Each potential loan modification is reviewed individually and the terms of the loan are modified to meet a borrower’s specific circumstances at a point in time. All commercial TDRs are reviewed and approved by our SAD. The types of concessions provided to borrowers include:


•	Interest rate reduction: A reduction of the stated interest rate to a nonmarket rate for the remaining original life of the debt.


•	Amortization or maturity date change beyond what the collateral supports, including any of the following:


•	Lengthens the amortization period of the amortized principal beyond market terms. This concession reduces the minimum monthly payment and could increase the amount of the balloon payment at the end of the term of the loan. Principal is generally not forgiven.


•	Reduces the amount of loan principal to be amortized and increases the amount of the balloon payment at the end of the term of the loan. This concession also reduces the minimum monthly payment. Principal is generally not forgiven.


•	Extends the maturity date or dates of the debt beyond what the collateral supports. This concession generally applies to loans without a balloon payment at the end of the term of the loan.


•	Chapter 7 bankruptcy: A bankruptcy court’s discharge of a borrower’s debt is considered a concession when the borrower does not reaffirm the discharged debt.

•

Other: A concession that is not categorized as one of the concessions described above. These concessions include, but are not limited to: principal forgiveness, collateral concessions, covenant concessions, and reduction of accrued interest. Principal forgiveness may result from any TDR modification of any concession type. However, the aggregate amount of principal forgiven as a result of loans modified as TDRs during the years ended December 31, 2015 and 2014, was not significant.

Following is a description of TDRs by the different loan types:

Commercial loan TDRs – Commercial accruing TDRs often result from loans receiving a concession with terms that are not considered a market transaction to Huntington. The TDR remains in accruing status as long as the customer is less than 90-days past due on payments per the restructured loan terms and no loss is expected.

Commercial nonaccrual TDRs result from either: (1) an accruing commercial TDR being placed on nonaccrual status, or (2) a workout where an existing commercial NAL is restructured and a concession is given. At times, these workouts restructure the NAL so that two or more new notes are created. The primary note is underwritten based upon our normal underwriting standards and is sized so projected cash flows are sufficient to repay contractual principal and interest. The terms on the secondary note(s) vary by situation, and may include notes that defer principal and interest payments until after the primary note is repaid. Creating two or more notes often allows the borrower to continue a project and allows Huntington to right-size a loan based upon the current expectations for a borrower’s or project’s performance.

Our strategy involving TDR borrowers includes working with these borrowers to allow them to refinance elsewhere, as well as allow them time to improve their financial position and remain our customer through refinancing their notes according to market terms and conditions in the future. A subsequent refinancing or modification of a loan may occur when either the loan matures according to the terms of the TDR-modified agreement or the borrower requests a change to the loan agreements. At that time, the loan is evaluated to determine if it is creditworthy. It is subjected to the normal underwriting standards and processes for other similar credit extensions, both new and existing. The refinanced note is evaluated to determine if it is considered a new loan or a continuation of the prior loan. A new loan is considered for removal of the TDR designation, whereas a continuation of the prior note requires a continuation of the TDR designation. In order for a TDR designation to be removed, the borrower must no longer be experiencing financial difficulties and the terms of the refinanced loan must not represent a concession.

Residential Mortgage loan TDRs – Residential mortgage TDRs represent loan modifications associated with traditional first-lien mortgage loans in which a concession has been provided to the borrower. The primary concessions given to residential mortgage borrowers are amortization or maturity date changes and interest rate reductions. Residential mortgages identified as TDRs involve borrowers unable to refinance their mortgages through the Company’s normal mortgage origination channels or through other independent sources. Some, but not all, of the loans may be delinquent.

Automobile, Home Equity, and Other Consumer loan TDRs – The Company may make similar interest rate, term, and principal concessions as with residential mortgage loan TDRs.

TDR Impact on Credit Quality

Huntington’s ALLL is largely determined by updated risk ratings assigned to commercial loans, updated borrower credit scores on consumer loans, and borrower delinquency history in both the commercial and consumer portfolios. These updated risk ratings and credit scores consider the default history of the borrower, including payment redefaults. As such, the provision for credit losses is impacted primarily by changes in borrower payment performance rather than the TDR classification. TDRs can be classified as either accrual or nonaccrual loans. Nonaccrual TDRs are included in NALs whereas accruing TDRs are excluded from NALs as it is probable that all contractual principal and interest due under the restructured terms will be collected.

Our TDRs may include multiple concessions and the disclosure classifications are presented based on the primary concession provided to the borrower. The majority of our concessions for the C&I and CRE portfolios are the extension of the maturity date , but could also include an increase in the interest rate. In these instances, the primary concession is the maturity date extension.

TDR concessions may also result in the reduction of the ALLL within the C&I and CRE portfolios. This reduction is derived from payments and the resulting application of the reserve calculation within the ALLL. The transaction reserve for non-TDR C&I and CRE loans is calculated based upon several estimated probability factors, such as PD and LGD, both of which were previously discussed. Upon the occurrence of a TDR in our C&I and CRE portfolios, the reserve is measured based on discounted expected cash flows or collateral value, less anticipated selling costs, of the modified loan in accordance with ASC 310-10. The resulting TDR ALLL calculation often results in a lower ALLL amount because (1) the discounted expected cash flows or collateral value, less anticipated selling costs, indicate a lower estimated loss, (2) if the modification includes a rate increase, the discounting of the cash flows on the modified loan, using the pre-modification interest rate, exceeds the carrying value of the loan, or (3) payments may occur as part of the modification. The ALLL for C&I and CRE loans may increase as a result of the modification, as the discounted cash flow analysis may indicate additional reserves are required.

TDR concessions on consumer loans may increase the ALLL. The concessions made to these borrowers often include interest rate reductions, and therefore, the TDR ALLL calculation results in a greater ALLL compared with the non-TDR calculation as the reserve is measured based on the estimation of the discounted expected cash flows or collateral value, less anticipated selling costs, on the modified loan in accordance with ASC 310-10. The resulting TDR ALLL calculation often results in a higher ALLL amount because (1) the discounted expected cash flows or collateral value, less anticipated selling costs, indicate a higher estimated loss or, (2) due to the rate decrease, the discounting of the cash flows on the modified loan, using the pre-modification interest rate, indicates a reduction in the present value of expected cash flows or collateral value, less anticipated selling costs. In certain instances, the ALLL may decrease as a result of payments made in connection with the modification.

Commercial loan TDRs – In instances where the bank substantiates that it will collect its outstanding balance in full, the note is considered for return to accrual status upon the borrower showing a sustained period of repayment performance for a six-month period of time. This six-month period could extend before or after the restructure date. If a charge-off was taken as part of the restructuring, any interest or principal payments received on that note are applied to first reduce the bank’s outstanding book balance and then to recoveries of charged-off principal, unpaid interest, and/or fee expenses while the TDR is in nonaccrual status.

Residential Mortgage, Automobile, Home Equity, and Other Consumer loan TDRs – Modified loans identified as TDRs are aggregated into pools for analysis. Cash flows and weighted average interest rates are used to calculate impairment at the pooled-loan level. Once the loans are aggregated into the pool, they continue to be classified as TDRs until contractually repaid or charged-off.

Residential mortgage loans not guaranteed by a U.S. government agency such as the FHA, VA, and the USDA, including TDR loans, are reported as accrual or nonaccrual based upon delinquency status. Nonaccrual TDRs are those that are greater than 150-days contractually past due. Loans guaranteed by U.S. government organizations continue to accrue interest on guaranteed rates upon delinquency.

The following table presents by class and by the reason for the modification the number of contracts, post-modification outstanding balance, and the financial effects of the modification for the years ended December 31, 2015 and 2014:



	New Troubled Debt Restructurings During The Year Ended (1)
	December 31, 2015						December 31, 2014
(dollar amounts in thousands)	Number of Contracts	Post-modification Outstanding Ending Balance		Financial effects of modification(2)			Number of Contracts	Post-modification Outstanding Balance		Financial effects of modification(2)
C&I—Owner occupied: (3)
Interest rate reduction	4	$	372	$	(3	)	19	$	2,484	$	20
Amortization or maturity date change	222	103,686		(2,089		)	97	32,145		336
Other	4	661		(22		)	7	2,051		(36		)
Total C&I—Owner occupied	230	104,719		(2,114		)	123	36,680		320
C&I—Other commercial and industrial: (3)
Interest rate reduction	9	7,871		(1,039		)	25	50,534		(1,982		)
Amortization or maturity date change	543	420,670		(3,764		)	285	149,339		(2,407		)
Other	12	29,181		(427		)	21	7,613		(7		)
Total C&I—Other commercial and industrial	564	457,722		(5,230		)	331	207,486		(4,396		)
CRE—Retail properties: (3)
Interest rate reduction	2	1,803		(11		)	5	11,381		420
Amortization or maturity date change	23	16,377		(1,658		)	24	27,415		(267		)
Other	—	—		—			9	13,765		(35		)
Total CRE—Retail properties	25	18,180		(1,669		)	38	52,561		118
CRE—Multi family: (3)
Interest rate reduction	1	90		—			20	3,484		(75		)
Amortization or maturity date change	50	35,369		(1,843		)	40	9,791		197
Other	8	216		(6		)	8	5,016		57
Total CRE—Multi family	59	35,675		(1,849		)	68	18,291		179
CRE—Office: (3)
Interest rate reduction	1	356		7			2	120		(1		)
Amortization or maturity date change	30	73,148		902			22	18,157		(424		)



Other	1	30		(2		)	5	35,476		(3,153		)
Total CRE—Office	32	73,534		907			29	53,753		(3,578		)
CRE—Industrial and warehouse: (3)
Interest rate reduction	—	—		—			2	4,046		—
Amortization or maturity date change	13	6,383		1,279			17	9,187		164
Other	—	—		—			1	977		—
Total CRE—Industrial and Warehouse	13	6,383		1,279			20	14,210		164
CRE—Other commercial real estate: (3)
Interest rate reduction	—	—		—			8	5,224		146
Amortization or maturity date change	27	9,961		71			55	76,353		(2,789		)
Other	2	234		(22		)	4	1,809		(127		)
Total CRE—Other commercial real estate	29	10,195		49			67	83,386		(2,770		)
Automobile: (3)
Interest rate reduction	41	121		5			92	758		15
Amortization or maturity date change	1,591	12,268		533			1,880	12,120		151
Chapter 7 bankruptcy	926	7,390		423			625	4,938		66
Other	—	—		—			—	—		—
Total Automobile	2,558	19,779		961			2,597	17,816		232
Residential mortgage: (3)
Interest rate reduction	15	1,565		(61		)	27	3,692		19
Amortization or maturity date change	518	57,859		(455		)	333	44,027		552
Chapter 7 bankruptcy	139	14,183		(164		)	182	18,635		715
Other	11	1,266		—			5	526		5
Total Residential mortgage	683	74,873		(680		)	547	66,880		1,291
First-lien home equity: (3)
Interest rate reduction	37	3,665		112			193	15,172		764
Amortization or maturity date change	204	19,005		(953		)	289	23,272		(1,051		)
Chapter 7 bankruptcy	117	7,350		428			105	7,296		727
Other	—	—		—			—	—		—
Total First-lien home equity	358	30,020		(413		)	587	45,740		440
Junior-lien home equity: (3)
Interest rate reduction	18	734		49			187	6,960		296
Amortization or maturity date change	1,387	60,018		(9,686		)	1,467	58,129		(6,955		)
Chapter 7 bankruptcy	213	2,505		3,843			201	3,014		3,141
Other	—	—		—			—	—		—
Total Junior-lien home equity	1,618	63,257		(5,794		)	1,855	68,103		(3,518		)
Other consumer: (3)
Interest rate reduction	1	96		3			7	123		3
Amortization or maturity date change	10	198		8			48	1,803		12
Chapter 7 bankruptcy	11	69		9			25	483		(50		)
Other	—	—		—			—	—		—
Total Other consumer	22	363		20			80	2,409		(35		)
Total new troubled debt restructurings	6,191	$	894,700	$	(14,533	)	6,342	$	667,315	$	(11,553	)


(1)	TDRs may include multiple concessions and the disclosure classifications are based on the primary concession provided to the borrower.


(2)	Amounts represent the financial impact via provision (recovery) for loan and lease losses as a result of the modification.


(3)	Post-modification balances approximate pre-modification balances. The aggregate amount of charge-offs as a result of a restructuring are not significant.

Any loan within any portfolio or class is considered as payment redefaulted at 90-days past due.

The following table presents TDRs that have redefaulted within one year of modification during the years ended December 31, 2015 and 2014:



	Troubled Debt Restructurings That Have Redefaulted Within One Year of Modification During The Year Ended
	December 31, 2015 (1)			December 31, 2014 (1)
(dollar amounts in thousands)	Number of Contracts	Ending Balance		Number of Contracts	Ending Balance
C&I—Owner occupied:
Interest rate reduction	1	$	110	—	$	—
Amortization or maturity date change	7	1,440		6	946
Other	—	—		1	230
Total C&I—Owner occupied	8	1,550		7	1,176
C&I—Other commercial and industrial:
Interest rate reduction	1	27		1	30
Amortization or maturity date change	29	3,566		14	1,555
Other	—	—		3	37
Total C&I—Other commercial and industrial	30	3,593		18	1,622
CRE—Retail Properties:
Interest rate reduction	1	47		—	—
Amortization or maturity date change	3	8,020		1	483
Other	—	—		—	—
Total CRE—Retail properties	4	8,067		1	483
CRE—Multi family:
Interest rate reduction	—	—		—	—
Amortization or maturity date change	10	1,354		4	2,827
Other	1	140		1	176
Total CRE—Multi family	11	1,494		5	3,003
CRE—Office:
Interest rate reduction	—	—		—	—
Amortization or maturity date change	3	2,984		3	1,738
Other	—	—		—	—
Total CRE—Office	3	2,984		3	1,738
CRE—Industrial and Warehouse:
Interest rate reduction	—	—		1	1,339
Amortization or maturity date change	2	822		1	756
Other	—	—		—	—
Total CRE—Industrial and Warehouse	2	822		2	2,095
CRE—Other commercial real estate:
Interest rate reduction	—	—		1	169
Amortization or maturity date change	1	93		2	758
Other	—	—		—	—
Total CRE—Other commercial real estate	1	93		3	927
Automobile:
Interest rate reduction	1	4		—	—
Amortization or maturity date change	41	423		40	328
Chapter 7 bankruptcy	21	172		53	374
Other	—	—		—	—



Total Automobile	63	599		93	702
Residential mortgage:
Interest rate reduction	3	239		11	1,516
Amortization or maturity date change	73	6,776		82	8,974
Chapter 7 bankruptcy	8	843		37	3,187
Other	—	—		—	—
Total Residential mortgage	84	7,858		130	13,677
First-lien home equity:
Interest rate reduction	4	387		5	335
Amortization or maturity date change	4	258		16	2,109
Chapter 7 bankruptcy	28	2,283		16	1,005
Other	—	—		—	—
Total First-lien home equity	36	2,928		37	3,449
Junior-lien home equity:
Interest rate reduction	3	411		1	11
Amortization or maturity date change	41	1,644		31	1,841
Chapter 7 bankruptcy	18	401		39	620
Other	—	—		—	—
Total Junior-lien home equity	62	2,456		71	2,472
Other consumer:
Interest rate reduction	—	—		—	—
Amortization or maturity date change	—	—		—	—
Chapter 7 bankruptcy	—	—		—	—
Other	—	—		—	—
Total Other consumer	—	—		—	—
Total troubled debt restructurings with subsequent redefault	304	$	32,444	370	$	31,344


(1)	Subsequent redefault is defined as a payment redefault within 12 months of the restructuring date. Payment redefault is defined as 90-days past due for any loan in any portfolio or class. Any loan in any portfolio may be considered to be in payment redefault prior to the guidelines noted above when collection of principal or interest is in doubt.

Pledged Loans and Leases

The Bank has access to the Federal Reserve’s discount window and advances from the FHLB – Cincinnati. As of December 31, 2015, these borrowings and advances are secured by $17.5 billion of loans and securities.

On March 31, 2015, Huntington completed its acquisition of Macquarie Equipment Finance, which we have re-branded Huntington Technology Finance. Huntington assumed debt associated with two securitizations. As of December 31, 2015, the debt is secured by $185 million of on balance sheet leases held by the trusts.