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Loans and Allowance for Loan Losses

9 Months Ended

Sep. 30, 2020

Loans and Allowance for Loan Losses [Abstract]

Note 4 - Loans and Allowance for Loan Losses

Aging and Non-Accrual Analysis

The following tables provide a summary of current, accruing past due, and non-accrual loans by portfolio class as of September 30, 2020 and December 31, 2019.


	September 30, 2020
(in thousands)	Current		Accruing 30-89 Days Past Due		Accruing 90 Days or Greater Past Due		Total Accruing Past Due		Non-accrual with an ALL		Non-accrual without an ALL		Total
Commercial, financial and agricultural	$	13,009,877	$	13,967	$	829	$	14,796	$	67,415	$	27,950	$	13,120,038
Owner-occupied	6,869,346		4,131		375		4,506		10,623		9,638		6,894,113
Total commercial and industrial	19,879,223		18,098		1,204		19,302		78,038		37,588		20,014,151
Investment properties	9,628,029		5,620		538		6,158		28,260		—		9,662,447
1-4 family properties	649,225		2,092		350		2,442		2,135		1,236		655,038
Land and development	645,148		583		268		851		2,126		265		648,390
Total commercial real estate	10,922,402		8,295		1,156		9,451		32,521		1,501		10,965,875
Consumer mortgages	5,643,745		6,475		872		7,347		7,433		—		5,658,525
Home equity lines	1,601,705		3,176		29		3,205		10,297		—		1,615,207
Credit cards	259,262		1,894		3,673		5,567		—		—		264,829
Other consumer loans	1,116,334		11,866		578		12,444		1,459		—		1,130,237
Total consumer	8,621,046		23,411		5,152		28,563		19,189		—		8,668,798
Total loans	$	39,422,671	$	49,804	$	7,512	$	57,316	$	129,748	$	39,089	$	39,648,824	(1)


	December 31, 2019
(in thousands)	Current		Accruing 30-89 Days Past Due		Accruing 90 Days or Greater Past Due		Total Accruing Past Due		Non-accrual		ASC 310-30 Loans(2)		Total
Commercial, financial and agricultural	$	9,124,285	$	38,916	$	1,206	$	40,122	$	56,017	$	1,019,135	$	10,239,559
Owner-occupied	5,691,095		5,164		576		5,740		9,780		823,196		6,529,811
Total commercial and industrial	14,815,380		44,080		1,782		45,862		65,797		1,842,331		16,769,370
Investment properties	7,264,794		1,344		—		1,344		1,581		1,736,608		9,004,327
1-4 family properties	733,984		2,073		304		2,377		2,253		41,401		780,015
Land and development	629,363		808		—		808		1,110		78,161		709,442
Total commercial real estate	8,628,141		4,225		304		4,529		4,944		1,856,170		10,493,784
Consumer mortgages	3,681,553		4,223		730		4,953		11,369		1,848,493		5,546,368
Home equity lines	1,691,759		7,038		171		7,209		12,034		2,155		1,713,157
Credit cards	263,065		3,076		2,700		5,776		—		—		268,841
Other consumer loans	2,363,101		18,688		616		19,304		5,704		8,185		2,396,294
Total consumer	7,999,478		33,025		4,217		37,242		29,107		1,858,833		9,924,660
Total loans	$	31,442,999	$	81,330	$	6,303	$	87,633	$	99,848	$	5,557,334	$	37,187,814	(3)

(1) Total before net deferred fees and costs of $99.0 million.

(2) Represents loans (at fair value) acquired from FCB accounted for under ASC 310-30, net of discount of $90.3 million and payments since Acquisition Date and also include $1.8 million in non-accrual loans, $9.6 million in accruing 90 days or greater past due loans, and $26.5 million in 30-89 days past due loans.

(3) Total before net deferred fees and costs of $25.4 million.

Interest income on non-accrual loans outstanding that would have been recorded if the loans had been current and performing in accordance with their original terms was $4.3 million and $2.5 million for the three months ended September 30, 2020 and 2019, respectively, and $9.2 million and $8.0 million for the nine months ended September 30, 2020 and 2019,

respectively. Of the interest income recognized during the three months ended September 30, 2020 and 2019, cash-basis interest income was $1.3 million and $363 thousand, respectively. Cash-basis interest income was $2.7 million and $2.0 million for the nine months ended September 30, 2020 and 2019, respectively.

Pledged Loans

Loans with carrying values of $15.29 billion and $12.11 billion, respectively, were pledged as collateral for borrowings and capacity at September 30, 2020 and December 31, 2019, respectively, to the FHLB and Federal Reserve Bank.

Portfolio Segment Risk Factors

The risk characteristics and collateral information of each portfolio segment are as follows:

Commercial and Industrial Loans - The C&I loan portfolio is comprised of general middle market and commercial banking clients across a diverse set of industries. In accordance with Synovus' lending policy, each loan undergoes a detailed underwriting process which incorporates uniform underwriting standards and oversight in proportion to the size and complexity of the lending relationship. These loans are secured by collateral such as business equipment, inventory, and real estate. Whether for real estate or non-real estate purpose, credit decisions on loans in the C&I portfolio are based on cash flow from the operations of the business as the primary source of repayment of the debt, with underlying real estate or other collateral being the secondary source of repayment. PPP loans, which are categorized as C&I loans, were $2.71 billion net of unearned fees at September 30, 2020 and are guaranteed by the SBA.

Commercial Real Estate Loans - CRE loans primarily consist of income-producing investment properties loans. Additionally, CRE loans include 1-4 family properties loans as well as land and development loans. Investment properties loans consist of construction and mortgage loans for income-producing properties and are primarily made to finance multi-family properties, hotels, office buildings, shopping centers, warehouses and other commercial development properties. 1-4 family properties loans include construction loans to homebuilders and commercial mortgage loans related to 1-4 family rental properties and are almost always secured by the underlying property being financed by such loans. These properties are primarily located in the markets served by Synovus. Land and development loans include commercial and residential development as well as land acquisition loans and are secured by land held for future development, typically in excess of one year. Properties securing these loans are substantially within markets served by Synovus, and loan terms generally include personal guarantees from the principals. Loans in this portfolio are underwritten based on the LTV of the collateral and the capacity of the guarantor(s).

Consumer Loans - The consumer loan portfolio consists of a wide variety of loan products offered through Synovus' banking network including first and second residential mortgages, HELOCs, and credit card loans, as well as home improvement loans, student, and personal loans from third-party lending partnerships. The majority of Synovus' consumer loans are consumer mortgages and HELOCs secured by first and second liens on residential real estate primarily located in the markets served by Synovus. The primary source of repayment for all consumer loans is generally the personal income of the borrower(s).

Credit Quality Indicators

The credit quality of the loan portfolio is reviewed and updated no less frequently than quarterly using the standard asset classification system utilized by the federal banking agencies. These classifications are divided into three groups: Not Criticized (Pass), Special Mention, and Classified or Adverse rating (Substandard, Doubtful, and Loss) and are defined as follows:

Pass - loans which are well protected by the current net worth and paying capacity of the obligor (or guarantors, if any) or by the fair value, less cost to acquire and sell in a timely manner, of any underlying collateral.

Special Mention - loans which have potential weaknesses that deserve management's close attention. These loans are not adversely classified and do not expose an institution to sufficient risk to warrant an adverse classification.

Substandard - loans which are inadequately protected by the current net worth and paying capacity of the obligor or by the collateral pledged, if any. Loans with this classification are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected.

Doubtful - loans which have all the weaknesses inherent in loans classified as Substandard with the added characteristic that the weaknesses make collection or liquidation in full highly questionable and improbable on the basis of currently known facts, conditions, and values.

Loss - loans which are considered by management to be uncollectible and of such little value that their continuance on the institution's books as an asset, without establishment of a specific valuation allowance or charge-off, is not warranted. Synovus fully reserves for any loans rated as Loss.

In the following tables, consumer loans are generally assigned a risk grade similar to the classifications described above; however, upon reaching 90 days and 120 days past due, they are generally downgraded to Substandard and Loss, respectively, in accordance with the FFIEC Retail Credit Classification Policy. Additionally, in accordance with Interagency Supervisory

Guidance, the risk grade classifications of consumer loans (consumer mortgages and HELOCs) secured by junior liens on 1-4 family residential properties also consider available information on the payment status of any associated senior liens with other financial institutions.

The following table summarizes each loan portfolio class by risk grade and origination year as of September 30, 2020 as required under CECL.


	September 30, 2020
	Term Loans Amortized Cost Basis by Origination Year												Revolving Loans
(in thousands)	2020		2019		2018		2017		2016		Prior		Amortized Cost Basis		Converted to Term Loans		Total
Commercial, financial and agricultural
Pass	$	4,056,896	$	1,429,402	$	974,892	$	667,989	$	566,178	$	815,006	$	4,049,741	$	60,299	$	12,620,403
Special Mention	49,283		39,929		21,599		33,376		8,404		7,986		63,455		506		224,538
Substandard(1)	27,247		12,646		14,879		36,007		12,373		40,342		102,364		516		246,374
Doubtful(2)	—		3,721		19,778		186		915		91		4,032		—		28,723
Total commercial, financial and agricultural	4,133,426		1,485,698		1,031,148		737,558		587,870		863,425		4,219,592		61,321		13,120,038
Owner-occupied
Pass	953,513		1,189,845		1,212,541		1,032,744		643,841		1,338,513		328,656		—		6,699,653
Special Mention	3,029		19,004		18,746		11,767		3,604		7,278		—		—		63,428
Substandard(1)	1,788		14,686		36,319		29,794		6,521		32,286		—		—		121,394
Doubtful(2)	—		—		9,638		—		—		—		—		—		9,638
Total owner-occupied	958,330		1,223,535		1,277,244		1,074,305		653,966		1,378,077		328,656		—		6,894,113
Total commercial and industrial	5,091,756		2,709,233		2,308,392		1,811,863		1,241,836		2,241,502		4,548,248		61,321		20,014,151
Investment properties
Pass	784,989		2,241,547		2,193,526		1,376,648		606,029		1,404,524		239,503		—		8,846,766
Special Mention	1,222		66,438		147,928		141,036		166,053		129,887		30,206		—		682,770
Substandard(1)	812		2,655		24,965		14,927		821		88,693		38		—		132,911
Total investment properties	787,023		2,310,640		2,366,419		1,532,611		772,903		1,623,104		269,747		—		9,662,447
1-4 family properties
Pass	139,919		125,473		80,610		94,889		49,122		100,984		49,594		—		640,591
Special Mention	419		—		524		111		800		120		—		—		1,974
Substandard(1)	1,514		1,517		3,837		1,038		489		2,560		1,518		—		12,473
Total 1-4 family properties	141,852		126,990		84,971		96,038		50,411		103,664		51,112		—		655,038


	September 30, 2020
	Term Loans Amortized Cost Basis by Origination Year												Revolving Loans
(in thousands)	2020		2019		2018		2017		2016		Prior		Amortized Cost Basis		Converted to Term Loans		Total
Land and development
Pass	$	56,935	$	204,012	$	91,630	$	106,490	$	12,564	$	90,474	$	58,092	$	—	$	620,197
Special Mention	—		2,172		4,277		5,784		—		1,828		3,550		—		17,611
Substandard(1)	1,627		1,104		4,675		1,085		527		1,564		—		—		10,582
Total land and development	58,562		207,288		100,582		113,359		13,091		93,866		61,642		—		648,390
Total commercial real estate	987,437		2,644,918		2,551,972		1,742,008		836,405		1,820,634		382,501		—		10,965,875
Consumer mortgages
Pass	1,579,366		964,882		481,718		764,384		755,595		1,102,091		1,005		—		5,649,041
Substandard(1)	49		197		777		805		2,412		5,170		—		—		9,410
Loss(3)	—		—		—		—		—		74		—		—		74
Total consumer mortgages	1,579,415		965,079		482,495		765,189		758,007		1,107,335		1,005		—		5,658,525
Home equity lines
Pass	—		—		—		—		—		—		1,513,600		86,404		1,600,004
Substandard(1)	—		—		—		—		—		—		8,603		5,173		13,776
Doubtful(2)	—		—		—		—		—		—		—		19		19
Loss(3)	—		—		—		—		—		—		1,243		165		1,408
Total home equity lines	—		—		—		—		—		—		1,523,446		91,761		1,615,207
Credit cards
Pass	—		—		—		—		—		—		261,207		—		261,207
Substandard(1)	—		—		—		—		—		—		828		—		828
Loss(4)	—		—		—		—		—		—		2,794		—		2,794
Total credit cards	—		—		—		—		—		—		264,829		—		264,829
Other consumer loans
Pass	136,944		229,039		142,260		161,717		112,805		76,244		268,840		—		1,127,849
Substandard(1)	—		720		163		474		64		714		253		—		2,388
Total other consumer loans	136,944		229,759		142,423		162,191		112,869		76,958		269,093		—		1,130,237
Total consumer	1,716,359		1,194,838		624,918		927,380		870,876		1,184,293		2,058,373		91,761		8,668,798
Total loans(5)	$	7,795,552	$	6,548,989	$	5,485,282	$	4,481,251	$	2,949,117	$	5,246,429	$	6,989,122	$	153,082	$	39,648,824

(1) The majority of loans within Substandard risk grade are accruing loans at September 30, 2020.

(2) Loans within Doubtful risk grade are on non-accrual status and generally have an ALL equal to 50% of the loan amount.

(3) Loans within Loss risk grade are on non-accrual status and have an ALL equal to the full loan amount.

(4) Represent amounts that were 120 days past due. These credits are downgraded to the Loss category with an ALL equal to the full loan amount and are generally charged off upon reaching 181 days past due in accordance with the FFIEC Retail Credit Classification Policy.

(5) Total before net deferred fees and costs of $99.0 million.

The following table summarizes each loan portfolio class by risk grade as of December 31, 2019.


	December 31, 2019
(in thousands)	Pass		Special Mention		Substandard(1)		Doubtful(2)		Loss(3)			Total
Commercial, financial and agricultural	$	9,927,059	$	128,506	$	182,831	$	1,163	$	—		$	10,239,559
Owner-occupied	6,386,055		58,330		85,426		—		—			6,529,811
Total commercial and industrial	16,313,114		186,836		268,257		1,163		—			16,769,370
Investment properties	8,930,360		16,490		57,477		—		—			9,004,327
1-4 family properties	766,529		3,249		10,237		—		—			780,015
Land and development	681,003		18,643		9,796		—		—			709,442
Total commercial real estate	10,377,892		38,382		77,510		—		—			10,493,784
Consumer mortgages	5,527,746		—		18,376		97		149			5,546,368
Home equity lines	1,697,086		—		14,806		21		1,244			1,713,157
Credit cards	266,146		—		818		—		1,877		(4)	268,841
Other consumer loans	2,390,199		—		6,095		—		—			2,396,294
Total consumer	9,881,177		—		40,095		118		3,270			9,924,660
Total loans(5)	$	36,572,183	$	225,218	$	385,862	$	1,281	$	3,270		$	37,187,814

(1) The majority of loans within Substandard risk grade are accruing loans at December 31, 2019.

(2) Loans within Doubtful risk grade are on non-accrual status and generally have an ALL equal to 50% of the loan amount.

(3) Loans within Loss risk grade are on non-accrual status and have an ALL equal to the full loan amount.

(5) Total before net deferred fees and costs of $25.4 million.

Collateral-Dependent Loans

We classify a loan as collateral-dependent when our borrower is experiencing financial difficulty, and we expect repayment to be provided substantially through the operation or sale of collateral. Our commercial loans have collateral that is comprised of real estate and business assets. Our consumer loans have collateral that is substantially comprised of residential real estate.

There were no significant changes in the extent to which collateral secures our collateral-dependent loans during the three and nine months ended September 30, 2020.

Rollforward of Allowance for Loan Losses

The following tables detail the changes in the ALL by loan segment for the three and nine months ended September 30, 2020 and 2019. Additionally, during the three and nine months ended September 30, 2020, Synovus reversed $6.1 million and $19.4 million, respectively, in previously established reserves for credit losses associated with the transfer to held for sale of $513.2 million and $1.31 billion, respectively, in performing loans primarily related to third-party single-service consumer loans and non-relationship consumer mortgages.


	As Of and For the Three Months Ended September 30, 2020
(in thousands)	Commercial & Industrial		Commercial Real Estate		Consumer		Total
Allowance for loan losses:
Beginning balance	$	229,915	$	171,526	$	187,207	$	588,648
Charge-offs	(19,367)		(6,878)		(9,101)		(35,346)
Recoveries	3,796		1,225		1,859		6,880
Provision for (reversal of) loan losses	46,256		(22,068)		19,430		43,618
Ending balance	$	260,600	$	143,805	$	199,395	$	603,800

	As Of and For the Three Months Ended September 30, 2019
(in thousands)	Commercial & Industrial		Commercial Real Estate		Consumer		Total
Allowance for loan losses:
Beginning balance	$	138,004	$	63,463	$	55,909	$	257,376
Charge-offs	(15,425)		(3,275)		(6,026)		(24,726)
Recoveries	2,276		1,490		1,035		4,801
Provision for loan losses	17,156		280		10,126		27,562
Ending balance	$	142,011	$	61,958	$	61,044	$	265,013

	As Of and For the Nine Months Ended September 30, 2020
(in thousands)	Commercial & Industrial		Commercial Real Estate		Consumer		Total
Allowance for loan losses:
Beginning balance, prior to adoption of ASU 2016-13	$	145,782	$	67,430	$	68,190	$	281,402
Impact from adoption of ASU 2016-13	(2,310)		(651)		85,955		82,994
Charge-offs	(57,497)		(8,585)		(23,917)		(89,999)
Recoveries	8,798		2,160		6,468		17,426
Provision for loan losses	165,827		83,451		62,699		311,977
Ending balance	$	260,600	$	143,805	$	199,395	$	603,800

	As Of and For the Nine Months Ended September 30, 2019
(in thousands)	Commercial & Industrial		Commercial Real Estate		Consumer		Total
Allowance for loan losses:
Beginning balance	$	133,123	$	68,796	$	48,636	$	250,555
Charge-offs	(39,558)		(5,369)		(17,363)		(62,290)
Recoveries	6,087		3,788		3,623		13,498
Provision for (reversal of) loan losses	42,359		(5,257)		26,148		63,250
Ending balance	$	142,011	$	61,958	$	61,044	$	265,013

The ALL of $603.8 million and the reserve for unfunded commitments of $60.8 million, which is recorded in other liabilities, comprise the total ACL of $664.6 million at September 30, 2020. The ACL increased during the third quarter of 2020 by $14.9 million to $664.6 million as of September 30, 2020. Since the adoption of CECL on January 1, 2020, the ACL has increased $271.4 million due primarily to uncertainty and deterioration in the economic environment caused by the COVID-19 pandemic. Provision for credit losses (which includes the provision for loan losses and unfunded commitments) of $43.4 million for the three months ended September 30, 2020 included net charge-offs of $28.5 million and the impact of downgrades largely concentrated in the hotel portfolio, which were mostly offset by improvement in the economic forecast which included adjustments for the estimated impact of currently enacted government stimulus plans, as well as reserve releases from loan dispositions. Provision for credit losses of $344.0 million for the nine months ended September 30, 2020, resulted in the building of the ACL required under CECL primarily as a result of deterioration in the economic environment due to the impact of COVID-19.

Our modeling process incorporates quantitative and qualitative considerations that are used to inform CECL estimates. The internally developed economic forecast used to determine the ACL as of September 30, 2020 was approved late in the third quarter of 2020 pursuant to Synovus' economic forecasting governance processes. The modeling assumptions for the third quarter of 2020 included adjustments for the estimated impact of currently enacted government stimulus plans and an unemployment rate ending the 2020 year around 8% before declining modestly in 2021. This, along with credit migration and other loan portfolio activity, resulted in an increase of the ACL to loans coverage ratio during the quarter of 5 bps to 1.68%, or 1.80% excluding PPP loans, at September 30, 2020.

Significant economic uncertainty remains as a result of the continuing COVID-19 crisis, and the trajectory of the economic recovery including any additional government stimulus plans will impact subsequent period CECL reserves.

TDRs

Information about Synovus' TDRs is presented in the following tables. Synovus began entering into loan modifications with borrowers in response to the COVID-19 pandemic, which have not been classified as TDRs, and therefore are not included in the discussion below. See "Part I-Item 1. Financial Statements and Supplementary Data - Note 1 - Basis of Presentation" in this Report for more information on Synovus' loan modifications due to COVID-19. The following tables represent, by concession type, the post-modification balance for loans modified or renewed during the three and nine months ended September 30, 2020 and 2019 that were reported as accruing or non-accruing TDRs.


TDRs by Concession Type
	Three Months Ended September 30, 2020
(in thousands, except contract data)	Number of Contracts	Below Market Interest Rate		Other Concessions(1)		Total
Commercial, financial and agricultural	42	$	3,335	$	670	$	4,005
Owner-occupied	7	1,753		—		1,753
Total commercial and industrial	49	5,088		670		5,758
Investment properties	2	294		93		387
1-4 family properties	5	74		114		188
Land and development	1	40		—		40
Total commercial real estate	8	408		207		615
Consumer mortgages	3	496		23		519
Home equity lines	17	471		648		1,119
Other consumer loans	3	48		85		133
Total consumer	23	1,015		756		1,771
Total TDRs	80	$	6,511	$	1,633	$	8,144	(2)

	Three Months Ended September 30, 2019
(in thousands, except contract data)	Number of Contracts	Below Market Interest Rate		Other Concessions(1)		Total
Commercial, financial and agricultural	27	$	2,577	$	1,917	$	4,494
Owner-occupied	7	2,822		861		3,683
Total commercial and industrial	34	5,399		2,778		8,177
Investment properties	4	385		—		385
1-4 family properties	4	766		—		766
Land and development	1	473		—		473
Total commercial real estate	9	1,624		—		1,624
Consumer mortgages	10	1,008		118		1,126
Home equity lines	25	364		1,635		1,999
Other consumer loans	27	473		1,222		1,695
Total consumer	62	1,845		2,975		4,820
Total TDRs	105	$	8,868	$	5,753	$	14,621	(3)

(1) Other concessions generally include term extensions, interest only payments for a period of time, or principal forgiveness, but there was no principal forgiveness for the three months ending September 30, 2020 and 2019.

(2) No net charge-offs were recorded during the three months ended September 30, 2020.

(3) No net charge-offs were recorded during the three months ended September 30, 2019.


	Nine Months Ended September 30, 2020
(in thousands, except contract data)	Number of Contracts	Below Market Interest Rate		Other Concessions(1)		Total
Commercial, financial and agricultural	118	$	8,562	$	4,681	$	13,243
Owner-occupied	19	3,573		1,530		5,103
Total commercial and industrial	137	12,135		6,211		18,346
Investment properties	6	28,963		93		29,056
1-4 family properties	15	867		1,105		1,972
Land and development	3	581		—		581
Total commercial real estate	24	30,411		1,198		31,609
Consumer mortgages	19	1,568		2,589		4,157
Home equity lines	50	926		2,530		3,456
Other consumer loans	50	145		2,779		2,924
Total consumer	119	2,639		7,898		10,537
Total TDRs	280	$	45,185	$	15,307	$	60,492	(2)

	Nine Months Ended September 30, 2019
(in thousands, except contract data)	Number of Contracts	Below Market Interest Rate		Other Concessions(1)		Total
Commercial, financial and agricultural	61	$	5,703	$	4,404	$	10,107
Owner-occupied	13	4,854		861		5,715
Total commercial and industrial	74	10,557		5,265		15,822
Investment properties	6	1,048		—		1,048
1-4 family properties	14	2,072		—		2,072
Land and development	3	641		—		641
Total commercial real estate	23	3,761		—		3,761
Consumer mortgages	15	1,245		1,332		2,577
Home equity lines	50	2,686		1,740		4,426
Other consumer loans	79	1,167		3,599		4,766
Total consumer	144	5,098		6,671		11,769
Total TDRs	241	$	19,416	$	11,936	$	31,352	(3)

(1) Other concessions generally include term extensions, interest only payments for a period of time, or principal forgiveness, but there was no principal forgiveness for the nine months ending September 30, 2020 and 2019.

(2) No net charge-offs were recorded during the nine months ended September 30, 2020.

(3) No net charge-offs were recorded during the nine months ended September 30, 2019.

For the three and nine months ended September 30, 2020 there was one default with a recorded investment of $21 thousand and five defaults with a recorded investment of $666 thousand, respectively, on accruing TDRs restructured during the previous twelve months (defaults are defined as the earlier of the TDR being placed on non-accrual status or reaching 90 days past due with respect to principal and/or interest payments) compared to three defaults with a recorded investment of $321 thousand and four defaults with a recorded investment of $326 thousand for the three and nine months ended September 30, 2019, respectively. As of September 30, 2020 and December 31, 2019, there were no commitments to lend a material amount of additional funds to any customer whose loan was classified as a TDR.