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Loans and Leases (Tables)
 12 Months Ended
Dec. 31, 2021
Receivables [Abstract]  
Schedule of Loans and Leases by Portfolio Segment The following table provides the amortized cost basis of loans and leases by portfolio segment and class as of December 31, 2021 and 2020, excluding accrued interest of $134 million and $180 million, respectively, which is included in other assets in the Consolidated Balance Sheets.
Table 8.4.1
LOANS AND LEASES BY PORTFOLIO SEGMENT
December 31,
(Dollars in millions)20212020
Commercial:
Commercial and industrial (a) (b)$26,550 $27,700 
Loans to mortgage companies4,518 5,404 
   Total commercial, financial, and industrial31,068 33,104 
Commercial real estate12,109 12,275 
Consumer:
HELOC1,964 2,420 
Real estate installment loans8,808 9,305 
   Total consumer real estate10,772 11,725 
Credit card and other910 1,128 
Loans and leases$54,859 $58,232 
Allowance for loan and lease losses(670)(963)
Net loans and leases$54,189 $57,269 
(a)Includes equipment financing leases of $792 million and $587 million, respectively, as of December 31, 2021 and 2020.
(b) Includes PPP loans fully guaranteed by the SBA of $1.0 billion and $4.1 billion as of December 31, 2021 and 2020.
Financing Receivable Credit Quality Indicators The following tables provide the amortized cost basis of the commercial loan and lease portfolio by year of origination and credit quality indicator as of December 31, 2021 and 2020:
Table 8.4.2a
C&I PORTFOLIO AT YE 2021
December 31, 2021
(Dollars in millions)20212020201920182017Prior to 2017LMC (a)Revolving
 Loans		Revolving
Loans Converted
to Term Loans (b)		Total
Credit Quality Indicator:
Pass (PD grades 1 through 12) (c)$7,372 $3,576 $3,439 $1,455 $1,193 $2,267 $4,518 $6,386 $13 $30,219 
Special Mention (PD grade 13)25 39 50 48 36 43 — 100 4 345 
Substandard, Doubtful, or Loss (PD grades 14,15, and 16)24 61 67 103 24 48 — 129 48 504 
Total C&I$7,421 $3,676 $3,556 $1,606 $1,253 $2,358 $4,518 $6,615 $65 $31,068 
(a)LMC includes non-revolving commercial lines of credit to qualified mortgage companies primarily for the temporary warehousing of eligible mortgage loans prior to the borrower's sale of those mortgage loans to third party investors. The loans are of short duration with maturities less than one year.
(b)    C&I loans converted from revolving to term in 2021 were not material.
(c)    Includes PPP loans.
Table 8.4.2b
C&I PORTFOLIO AT YE 2020
December 31, 2020
(Dollars in millions)20202019201820172016Prior to 2016LMC (a)Revolving
 Loans		Revolving
Loans Converted
to Term Loans (b)		Total
Credit Quality Indicator:
Pass (PD grades 1 through 12) (c)$9,060 $5,138 $2,628 $1,748 $1,161 $2,145 $5,404 $4,571 $60 $31,915 
Special Mention (PD grade 13)89 93 70 31 37 64 — 127 1 512 
Substandard, Doubtful, or Loss (PD grades 14,15, and 16)182 77 114 50 42 58 — 95 59 677 
Total C&I$9,331 $5,308 $2,812 $1,829 $1,240 $2,267 $5,404 $4,793 $120 $33,104 
(a)LMC includes non-revolving commercial lines of credit to qualified mortgage companies primarily for the temporary warehousing of eligible mortgage loans prior to the borrower's sale of those mortgage loans to third party investors. The loans are of short duration with maturities less than one year.
(b)    $50 million of C&I loans were converted from revolving to term in 2020.
(c)    Includes PPP loans.
Table 8.4.2c
CRE PORTFOLIO AT YE 2021
December 31, 2021
(Dollars in millions)20212020201920182017Prior to 2017Revolving
 Loans		Revolving
Loans Converted
to Term Loans		Total
Credit Quality Indicator:
Pass (PD grades 1 through 12)$3,441 $2,065 $2,514 $929 $691 $1,822 $204 $— $11,666 
Special Mention (PD grade 13)4 26 52 125 20 65 — — 292 
Substandard, Doubtful, or Loss (PD grades 14,15, and 16)47 — 24 3 33 32 12 — 151 
Total CRE$3,492 $2,091 $2,590 $1,057 $744 $1,919 $216 $— $12,109 
Table 8.4.2d
CRE PORTFOLIO AT YE 2020
December 31, 2020
(Dollars in millions)20202019201820172016Prior to 2016Revolving
 Loans		Revolving
Loans Converted
to Term Loans		Total
Credit Quality Indicator:
Pass (PD grades 1 through 12)$2,477 $3,311 $1,750 $1,140 $946 $1,800 $259 $19 $11,702 
Special Mention (PD grade 13)48 24 117 75 71 54 — — 389 
Substandard, Doubtful, or Loss (PD grades 14,15, and 16)30 13 21 42 27 33 18 — 184 
Total CRE$2,555 $3,348 $1,888 $1,257 $1,044 $1,887 $277 $19 $12,275 
The following tables reflect the amortized cost basis by year of origination and refreshed FICO scores for consumer real estate loans as of December 31, 2021 and 2020. Within consumer real estate, classes include HELOC and real estate installment loans. HELOCs are loans which during their draw period are classified as revolving loans. Once the draw period ends and the loan enters its repayment period, the loan converts to a term loan and is classified as revolving loans converted to term loans. All loans classified in the following table as revolving loans or revolving loans converted to term loans are HELOCs. Real estate installment loans are originated as fixed term loans and are classified below in their vintage year. All loans in the following tables classified in a vintage year are real estate installment loans.
Table 8.4.3a
CONSUMER REAL ESTATE PORTFOLIO AT YE 2021
December 31, 2021
(Dollars in millions)20212020201920182017Prior to 2017Revolving loansRevolving Loans converted to term loans (a)Total
FICO score 740 or greater$1,594 $1,156 $825 $473 $394 $1,335 $1,086 $115 $6,978 
FICO score 720-739236 171 109 61 44 209 162 21 1,013 
FICO score 700-719143 112 81 68 45 153 141 23 766 
FICO score 660-699164 131 120 106 44 246 204 44 1,059 
FICO score 620-65942 36 55 23 13 118 66 27 380 
FICO score less than 62026 84 42 32 45 272 42 33 576 
Total$2,205 $1,690 $1,232 $763 $585 $2,333 $1,701 $263 $10,772 
(a)    $43 million of HELOC loans were converted from revolving to term in 2021.
Table 8.4.3b
CONSUMER REAL ESTATE PORTFOLIO AT YE 2020
December 31, 2020
(Dollars in millions)20202019201820172016Prior to 2016Revolving loansRevolving Loans converted to term loans (a)Total
FICO score 740 or greater$1,186 $1,167 $703 $610 $674 $1,719 $1,275 $159 $7,493 
FICO score 720-739157 158 100 77 92 197 186 29 996 
FICO score 700-719122 107 78 76 73 221 177 34 888 
FICO score 660-699130 141 123 75 85 296 264 59 1,173 
FICO score 620-65945 61 37 28 35 127 92 36 461 
FICO score less than 620107 36 52 54 95 261 61 48 714 
Total$1,747 $1,670 $1,093 $920 $1,054 $2,821 $2,055 $365 $11,725 
(a)    $36 million of HELOC loans were converted from revolving to term in 2020.
The following tables reflect the amortized cost basis by year of origination and refreshed FICO scores for credit card and other loans as of December 31, 2021 and 2020.
Table 8.4.4a
CREDIT CARD & OTHER PORTFOLIO AT YE 2021
December 31, 2021
(Dollars in millions)20212020201920182017Prior to 2017Revolving loansRevolving Loans converted to term loansTotal
FICO score 740 or greater$56 $35 $29 $23 $13 $56 $200 $11 $423 
FICO score 720-73914 5 4 3 4 17 46 3 96 
FICO score 700-7198 5 4 4 3 17 42 1 84 
FICO score 660-69925 6 5 6 4 31 98 2 177 
FICO score 620-6594 3 2 4 3 18 22 1 57 
FICO score less than 62024 3 3 4 4 16 18 1 73 
Total$131 $57 $47 $44 $31 $155 $426 $19 $910 
(a) $9 million of other consumer loans were converted from revolving to term in 2021.
Table 8.4.4b
CREDIT CARD & OTHER PORTFOLIO AT YE 2020
December 31, 2020
(Dollars in millions)20202019201820172016Prior to 2016Revolving loansRevolving Loans converted to term loansTotal
FICO score 740 or greater$57 $52 $59 $37 $23 $116 $159 $5 $508 
FICO score 720-7397 7 9 8 8 27 91 2 159 
FICO score 700-7199 8 9 8 4 38 37 3 116 
FICO score 660-69930 12 15 9 9 48 46 3 172 
FICO score 620-6595 5 7 5 10 24 20 1 77 
FICO score less than 62014 7 8 11 9 26 20 1 96 
Total$122 $91 $107 $78 $63 $279 $373 $15 $1,128 
Accruing and Non-Accruing Loans by Class The following tables reflect accruing and non-accruing loans and leases by class on December 31, 2021 and 2020:
Table 8.4.5a
ACCRUING & NON-ACCRUING LOANS & LEASES AT YE 2021
December 31, 2021
 AccruingNon-Accruing 
(Dollars in millions)Current30-89
Days
Past Due		90+
Days
Past Due		Total
Accruing		Current30-89
Days
Past Due		90+
Days
Past Due		Total
Non-
Accruing		Total
Loans
Commercial, financial, and industrial:
C&I (a) $26,367 $53 $5 $26,425 $97 $1 $27 $125 $26,550 
Loans to mortgage companies4,518 — — 4,518 — — — — 4,518 
Total commercial, financial, and industrial30,885 53 5 30,943 97 1 27 125 31,068 
Commercial real estate:
CRE (b)12,087 13 — 12,100 6 1 2 9 12,109 
Consumer real estate:
HELOC (c)1,906 7 6 1,919 34 2 9 45 1,964 
Real estate installment loans (d)8,658 30 27 8,715 44 3 46 93 8,808 
Total consumer real estate10,564 37 33 10,634 78 5 55 138 10,772 
Credit card and other:
Credit card292 2 2 296 — — — — 296 
Other608 3 — 611 1 — 2 3 614 
Total credit card and other900 5 2 907 1 — 2 3 910 
Total loans and leases$54,436 $108 $40 $54,584 $182 $7 $86 $275 $54,859 
(a)    $99 million of C&I loans are nonaccrual loans that have been specifically reviewed for impairment with no related allowance.
(b)    $5 million of CRE loans are nonaccrual loans that have been specifically reviewed for impairment with no related allowance.
(c)    $7 million of HELOC loans are nonaccrual loans that have been specifically reviewed for impairment with no related allowance.
(d)    $50 million of real estate installment loans are nonaccrual loans that have been specifically reviewed for impairment with no related allowance.
Table 8.4.5b
ACCRUING & NON-ACCRUING LOANS & LEASES AT YE 2020
December 31, 2020
 AccruingNon-Accruing 
(Dollars in millions)Current30-89
Days
Past Due		90+
Days
Past Due		Total
Accruing		Current30-89
Days
Past Due		90+
Days
Past Due		Total
Non-
Accruing		Total
Loans
Commercial, financial, and industrial:
C&I (a)$27,541 $15 $— $27,556 $88 $12 $44 $144 $27,700 
Loans to mortgage companies5,404 — — 5,404 — — — — 5,404 
Total commercial, financial, and industrial32,945 15 — 32,960 88 12 44 144 33,104 
Commercial real estate:
CRE (b)12,194 23 — 12,217 10 42 6 58 12,275 
Consumer real estate:
HELOC2,336 13 11 2,360 43 3 14 60 2,420 
Real estate installment loans9,138 40 5 9,183 63 9 50 122 9,305 
Total consumer real estate11,474 53 16 11,543 106 12 64 182 11,725 
Credit card and other:
Credit card279 3 1 283 — — — — 283 
Other838 6 — 844 1 — 1 2 845 
Total credit card and other1,117 9 1 1,127 1 — 1 2 1,128 
Total loans and leases$57,730 $100 $17 $57,847 $205 $66 $115 $386 $58,232 
(a)    $101 million of C&I loans are nonaccrual loans that have been specifically reviewed for impairment with no related allowance.
Schedule of Troubled Debt Restructurings Occurring During the Year The following table presents the end of period balance for loans modified in a TDR during the years ended December 31, 2021 and 2020:
Table 8.4.6
LOANS MODIFIED IN A TDR
 20212020
(Dollars in millions)NumberPre-Modification
Outstanding
Recorded Investment		Post-Modification
Outstanding
Recorded Investment		NumberPre-Modification
Outstanding
Recorded Investment		Post-Modification
Outstanding
Recorded Investment
C&I32 $37 $34 112 $195 $188 
CRE1 12 10 19 15 15 
HELOC25 3 3 64 5 5 
Real estate installment loans87 14 14 117 20 19 
Credit card and other51 — — 56 1 1 
Total TDRs196 $66 $61 368 $236 $228 
The following table presents TDRs which re-defaulted during 2021 and 2020, and as to which the modification occurred 12 months or less prior to the re-default. For purposes of this disclosure, FHN generally defines payment default as 30 or more days past due.
Table 8.4.7
LOANS MODIFIED IN A TDR THAT RE-DEFAULTED
 20212020
(Dollars in millions)NumberRecorded
Investment		NumberRecorded
Investment
C&I18 $5 9 $1 
CRE6 19 — — 
HELOC1 — 8 — 
Real estate installment loans9 5 18 1 
Credit card and other4 — 24 — 
Total TDRs38 $29 59 $2