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Allowance for Credit Losses (Tables)
 9 Months Ended
Sep. 30, 2020
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]  
Rollforward Of The Allowance For Loan Losses By Portfolio Segment
The following table provides a rollforward of the ALLL and RULC by portfolio type for the three and nine months ended September 30, 2020 and 2019:
(Dollars in thousands)Commercial, Financial, and Industrial (a)Commercial Real EstateConsumer Real EstateCredit Card and OtherTotal
Allowance for loan and lease losses:
Balance as of July 1, 2020$318,722 $57,285 $143,757 $18,117 $537,881 
Charge-offs (b)(69,448)(3,540)(1,834)(3,519)(78,341)
Recoveries3,200 2,243 5,311 997 11,751 
Initial allowance on loans purchased with credit deterioration (b) 137,702 100,123 44,141 4,845 286,811 
Provision for loan and lease losses (c)98,918 51,847 74,055 5,180 230,000 
Balance as of September 30, 2020489,094 207,958 265,430 25,620 988,102 
Reserve for remaining unfunded commitments:
Balance as of July 1, 202036,388 6,359 7,714 — 50,461 
Initial reserve on loans acquired 11,760 26,306 3,185 8 41,259 
Provision/(provision credit) for remaining unfunded commitments(1,509)(1,671)180 — (3,000)
Balance as of September 30, 202046,639 30,994 11,079 8 88,720 
Allowance for loan and lease losses:
Balance as of January 1, 2020122,486 36,112 28,443 13,266 200,307 
Adoption of ASU 2016-1318,782 (7,348)92,992 1,968 106,394 
Balance as of January 1, 2020, as adjusted141,268 28,764 121,435 15,234 306,701 
Charge-offs (b)(94,400)(4,182)(6,112)(10,007)(114,701)
Recoveries5,208 2,972 12,853 3,258 24,291 
Initial allowance on loans purchased with credit deterioration (b) 137,702 100,123 44,141 4,845 286,811 
Provision for loan and lease losses (c)299,316 80,281 93,113 12,290 485,000 
Balance as of September 30, 2020$489,094 $207,958 $265,430 $25,620 $988,102 
Reserve for remaining unfunded commitments:
Balance as of January 1, 20203,590 2,356 16 139 6,101 
Adoption of ASU 2016-1316,512 1,276 6,323 (139)23,972 
Balance as of January 1, 2020, as adjusted20,102 3,632 6,339 — 30,073 
Initial reserve on loans acquired 11,760 26,306 3,185 8 41,259 
Provision for remaining unfunded commitments 14,777 1,056 1,555 — 17,388 
Balance as of September 30, 2020$46,639 $30,994 $11,079 $8 $88,720 
Allowance for loan losses:
Balance as of July 1, 2019$116,096 $32,953 $31,532 $12,168 $192,749 
Charge-offs(18,598)(369)(1,473)(3,897)(24,337)
Recoveries 3,245 181 5,055 1,256 9,737 
Provision/(provision credit) for loan losses 13,387 2,860 (4,440)3,193 15,000 
Balance as of September 30, 2019114,130 35,625 30,674 12,720 193,149 
Reserve for remaining unfunded commitments:
Balance as of July 1, 20194,231 3,149 20 125 7,525 
Provision/(provision credit) for remaining unfunded commitments (406)(231)(5)7 (635)
Balance as of September 30, 20193,825 2,918 15 132 6,890 
Allowance for loan losses:
Balance as of January 1, 201998,947 31,311 37,439 12,727 180,424 
Charge-offs(28,289)(924)(5,991)(11,883)(47,087)
Recoveries 4,593 150 14,621 3,448 22,812 
Provision/(provision credit) for loan losses 38,879 5,088 (15,395)8,428 37,000 
Balance as of September 30, 2019114,130 35,625 30,674 12,720 193,149 
Reserve for remaining unfunded commitments:
Balance as of January 1, 20194,240 3,242 27 109 7,618 
Provision/(provision credit) for remaining unfunded commitments (415)(324)(12)23 (728)
Balance as of September 30, 2019$3,825 $2,918 $15 $132 $6,890 


(a) C&I loans as of September 30, 2020 include $4.2 billion in PPP loans which due to the government guarantee and forgiveness provisions are considered to have no credit risk and therefore have no allowance for loan and lease losses.
(b) The three and nine month periods ended September 30, 2020 exclude day 1 charge-offs and the related initial allowance on PCD loans is net of these amounts. Under the new CECL standard, the initial ALLL recognized on PCD assets included an additional $237.3 million for charged-off loans that had been written off prior to acquisition (whether full or partial) or which met FHN's charge-off policy at the time of acquisition. After charging these amounts off immediately upon acquisition, the net impact was 286.8 million of additional ALLL for PCD loans.
(c) Provision for loan and lease losses for the three and nine month periods ended September 30, 2020 includes $147.0 million recognized on non-PCD loans from the IBKC merger and Truist branch acquisition.