LOANS AND LEASES (Tables)

v3.20.2

LOANS AND LEASES (Tables)	6 Months Ended
	Jun. 30, 2020
Receivables [Abstract]
Loan and Lease Portfolio	The following table provides a detailed listing of Huntington’s loan and lease portfolio at June 30, 2020 and December 31, 2019. (dollar amounts in millions) June 30, 2020   December 31, 2019 Loans and leases:       Commercial and industrial $ 34,879   $ 30,664 Commercial real estate 7,179   6,674 Automobile 12,678   12,797 Home equity 8,866   9,093 Residential mortgage 11,621   11,376 RV and marine 3,843   3,563 Other consumer 1,073   1,237 Loans and leases $ 80,139   $ 75,404 Allowance for loan and lease losses (1,702 )   (783 ) Net loans and leases $ 78,437   $ 74,621
Direct Financing Lease, Lease Income	The following table presents net investments in lease financing receivables by category at June 30, 2020 and December 31, 2019. (dollar amounts in millions) June 30, 2020   December 31, 2019 Commercial and industrial:       Lease payments receivable $ 1,762   $ 1,841 Estimated residual value of leased assets 691   728 Gross investment in commercial and industrial lease financing receivables 2,453   2,569 Deferred origination costs 19   19 Deferred fees (214 )   (249 ) Total net investment in commercial and industrial lease financing receivables $ 2,258   $ 2,339 The carrying value of residual values guaranteed was $96 million and $95 million as of June 30, 2020 and December 31, 2019, respectively. The future lease rental payments due from customers on sales-type and direct financing leases at June 30, 2020, totaled $1.8 billion and were due as follows: $0.6 billion in 2021, $0.5 billion in 2022, $0.3 billion in 2023, $0.2 billion in 2024, $0.1 billion in 2025, and $0.1 billion thereafter. Interest income recognized for these types of leases was $28 million and $27 million for the three-month periods ended June 30, 2020 and 2019, respectively. For the six-month periods ended June 30, 2020 and 2019, interest income recognized was $55 million and $53 million, respectively.
NALs and Past Due Loans	The following table presents NALs by loan class at June 30, 2020 and December 31, 2019 (1):   June 30, 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 $ 97 $ 485   $ 109 $ 323 Commercial real estate 6 28   2 10 Automobile — 8   — 4 Home equity — 59   — 59 Residential mortgage — 66   — 71 RV and marine — 2   — 1 Other consumer — —   — — Total nonaccrual loans $ 103 $ 648   $ 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 June 30, 2020 and December 31, 2019:   June 30, 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 $ 46   $ 24   $ 87   $ 157   $ 34,722   $ —   $ 34,879   $ 13 (3) Commercial real estate 3   21   4   28   7,151   —   7,179   —   Automobile 47   14   14   75   12,603   —   12,678   8   Home equity 26   12   48   86   8,779   1   8,866   10   Residential mortgage 75   24   194   293   11,237   91   11,621   158 (4) RV and marine 8   3   3   14   3,829   —   3,843   2   Other consumer 6   2   3   11   1,062   —   1,073   3   Total loans and leases $ 211   $ 100   $ 353   $ 664   $ 79,383   $ 92   $ 80,139   $ 194     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 June 30, 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 ag
Loan and lease balances by credit quality indicator	The following table presents each loan and lease class by vintage and credit quality indicator at June 30, 2020:     As of June 30, 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   $ 9,667   $ 5,916   $ 3,675   $ 1,937   $ 1,236   $ 1,369   $ 8,112   $ 3   $ 31,915 OLEM   348   118   146   59   77   33   268   —   1,049 Substandard   241   187   279   194   91   204   711   —   1,907 Doubtful   2   —   5   —   —   1   —   —   8 Total Commercial and industrial   $ 10,258   $ 6,221   $ 4,105   $ 2,190   $ 1,404   $ 1,607   $ 9,091   $ 3   $ 34,879                                       Commercial real estate                                     Credit Quality Indicator (1):                                     Pass   $ 1,023   $ 1,616   $ 1,287   $ 603   $ 610   $ 700   $ 720   $ —   $ 6,559 OLEM   44   140   100   59   23   32   37   —   435 Substandard   19   30   11   37   56   20   10   —   183 Doubtful   —   —   —   —   —   2   —   —   2 Total Commercial real estate   $ 1,086   $ 1,786   $ 1,398   $ 699   $ 689   $ 754   $ 767   $ —   $ 7,179                                       Automobile                                     Credit Quality Indicator (2):                                     750+   $ 1,389   $ 2,367   $ 1,442   $ 1,025   $ 449   $ 170   $ —   $ —   $ 6,842 650-749   921   1,752   1,011   551   247   100   —   —   4,582 <650   125   391   327   226   118   67   —   —   1,254 Total Automobile   $ 2,435   $ 4,510   $ 2,780   $ 1,802   $ 814   $ 337   $ —   $ —   $ 12,678                                       Home equity                                     Credit Quality Indicator (2):                                     750+   $ 236   $ 32   $ 36   $ 39   $ 110   $ 547   $ 4,511   $ 193   $ 5,704 650-749   38   12   10   14   31   198   2,130   189   2,622 <650   —   1   1   1   7   86   329   114   539 Total Home equity   $ 274   $ 45   $ 47   $ 54   $ 148   $ 831   $ 6,970   $ 496   $ 8,865                                       Residential mortgage                                     Credit Quality Indicator (2):                                     750+   $ 1,492   $ 1,664   $ 1,236   $ 1,384   $ 950   $ 1,608   $ —   $ —   $ 8,334 650-749   512   586   418   322   209   565   —   —   2,612 <650   12   35   67   75   58   337   —   —   584 Total Residential mortgage   $ 2,016   $ 2,285   $ 1,721   $ 1,781   $ 1,217   $ 2,510   $ —   $ —   $ 11,530                                       RV and marine                                     Credit Quality Indicator (2):                                     750+   $ 562   $ 585   $ 682   $ 386   $ 174   $ 300   $ —   $ —   $ 2,689 650-749   131   263   239   165   77   159   —   —   1,034 <650   2   16   25   27   14   36   —   —   120 Total RV and marine   $ 695   $ 864   $ 946   $ 578   $ 265   $ 495   $ —   $ —   $ 3,843                                       Other consumer                                     Credit Quality Indicator (2):                                     750+   $ 52   $ 69   $ 32   $ 11   $ 5   $ 10   $ 325   $ 2   $ 506 650-749   21   74   25   8   3   5   311   32   479 <650   1   11   4   2   1   1   30   38   88 Total Other consumer   $ 74   $ 154   $ 61   $ 21   $ 9   $ 16   $ 666   $ 72   $ 1,073 (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 June 30, 2020, presented in Other assets within the Condensed Consolidated Balance Sheets, was $106 million and $127 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.
Detailed troubled debt restructuring information by class	on of TDRs. On March 22, 2020 and April 7, 2020, the federal bank regulatory agencies including the FRB and OCC released statements encouraging financial institutions to work prudently with borrowers that may be unable to meet their contractual obligations because of the effects of COVID-19.  The statements go on to explain that, in consultation with the FASB staff, the federal bank regulatory agencies concluded that short-term modifications (e.g. six months) made on a good faith basis to borrowers who were current as of the implementation date of a relief program are not TDRs.  Section 4013 of the CARES Act further addresses COVID-19 related modifications and specifies that COVID-19 related modifications on loans that were current as of December 31, 2019 are not TDRs. For COVID-19 related loan modifications which occurred from March 1, 2020 through June 30,2020, and met the loan modification criteria under the CARES Act, Huntington elected to suspend TDR accounting for such loan modifications. For loan modifications not eligible for the CARES Act, Huntington applied the interagency regulatory guidance that was clarified on April 7, 2020. Accordingly, insignificant concessions (related to the current COVID- 19 crisis) granted through payment deferrals, fee waivers, or other short-term modifications (generally 6 months or less) and provided to borrowers less than 30 days past due at March 17, 2020 were not be deemed to be TDRs. Therefore, modified loans that met the required guidelines for relief are excluded from the TDR disclosures below. 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 six-month periods ended June 30, 2020 and 2019.   New Troubled Debt Restructurings (1)   Three Months Ended June 30, 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 98   $ —   $ 26   $ —   $ 52   $ 78 Commercial real estate 2   —   1   —   —   1 Automobile 1,058   —   14   2   —   16 Home equity 63   —   2   1   —   3 Residential mortgage 105   —   12   2   —   14 RV and marine 68   —   3   —   —   3 Other consumer 142   1   —   —   —   1 Total new TDRs 1,536   $ 1   $ 58   $ 5   $ 52   $ 116                           Three Months Ended June 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 101   $ —   $ 39   $ —   $ —   $ 39 Commercial real estate 6   —   2   —   —   2 Automobile 650   —   4   2   —   6 Home equity 68   —   2   1   —   3 Residential mortgage 96   —   10   1   —   11 RV and marine 31   —   —   2   —   2 Other consumer 343   2   —   —   —   2 Total new TDRs 1,295   $ 2   $ 57   $ 6   $ —   $ 65                           New Troubled Debt Restructurings (1)   Six Months Ended June 30, 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 238   $ —   $ 88   $ —   $ 58   $ 146 Commercial real estate 9   —   3   —   —   3 Automobile 1,856   —   20   4   —   24 Home equity 126   —   3   3   —   6 Residential mortgage 206   —   21   4   —   25 RV and marine finance 96   —   4   —   —   4 Other consumer 391   2   —   —   —   2 Total new TDRs 2,922   $ 2   $ 139   $ 11   $ 58   $ 210                           Six Months Ended June 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 216   $ —   $ 74   $ —   $ —   $ 74 Commercial real estate 14   —   11   —   —   11 Automobile 1,394   —   9   4   —   13 Home equity 172   —   5   3   —   8 Residential mortgage 172   —   18   1   —   19 RV and marine finance 67   —   —   1   —   1 Other consumer 587   3   —   —   —   3 Total new TDRs 2,622   $ 3   $ 117   $ 9   $ —   $ 129                         (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 on the provision (recovery) for loan and lease losses. Amounts for the three-month periods ended June 30, 2020 and 2019, were $1 million and less than $1 million respectively. For the six-month periods ended June 30, 2020 and 2019, the financial effects of modification were $(4) million and $(3) million, respectively.