XML 42 R28.htm IDEA: XBRL DOCUMENT v3.22.2
Loans and Leases (Tables)
 6 Months Ended
Jun. 30, 2022
Receivables [Abstract]  
Schedule Of Loans By Portfolio Segment The following table provides the amortized cost basis of loans and leases by portfolio segment and class as of June 30, 2022 and December 31, 2021, excluding accrued interest of $152 million and $134 million, respectively, which is included in other assets in the Consolidated Balance Sheets.
LOANS AND LEASES BY PORTFOLIO SEGMENT
(Dollars in millions)June 30, 2022December 31, 2021
Commercial:
Commercial and industrial (a) (b)$27,835 $26,550 
Loans to mortgage companies3,441 4,518 
   Total commercial, financial, and industrial 31,276 31,068 
Commercial real estate12,942 12,109 
Consumer:
HELOC1,917 1,964 
Real estate installment loans9,524 8,808 
   Total consumer real estate11,441 10,772 
Credit card and other870 910 
Loans and leases$56,529 $54,859 
Allowance for loan and lease losses(624)(670)
Net loans and leases$55,905 $54,189 
(a)Includes equipment financing leases of $897 million and $792 million as of June 30, 2022 and December 31, 2021, respectively.
(b)Includes PPP loans fully guaranteed by the SBA of $375 million and $1.0 billion as of June 30, 2022 and December 31, 2021, respectively.
Financing Receivable Credit Quality Indicators The following tables provide the amortized cost basis of the commercial loan portfolio by year of origination and credit quality indicator as of June 30, 2022 and December 31, 2021:
C&I PORTFOLIO
June 30, 2022
(Dollars in millions)20222021202020192018Prior to 2018LMC (a)Revolving
 Loans		Revolving
Loans Converted
to Term Loans (b)		Total
Credit Quality Indicator:
Pass (PD grades 1 through 12) (c)$2,945 $5,229 $2,354 $2,613 $1,268 $3,611 $3,441 $8,670 $498 $30,629 
Special Mention (PD grade 13)— 18 8 35 23 72 — 80 24 260 
Substandard, Doubtful, or Loss (PD grades 14,15, and 16)4 13 27 4 58 103 — 93 85 387 
Total C&I loans$2,949 $5,260 $2,389 $2,652 $1,349 $3,786 $3,441 $8,843 $607 $31,276 
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 loans$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 were converted from revolving to term in 2022 and 2021 were not material.
(c)    Balances include PPP loans.

CRE PORTFOLIO
June 30, 2022
(Dollars in millions)20222021202020192018Prior to 2018Revolving
 Loans		Revolving Loans Converted to Term LoansTotal
Credit Quality Indicator:
Pass (PD grades 1 through 12) $1,531 $3,065 $1,651 $2,300 $1,071 $3,035 $243 $15 $12,911 
Special Mention (PD grade 13)— — — — — 19 — — 19 
Substandard, Doubtful, or Loss (PD grades 14,15, and 16)— — — — 1 — 11 — 12 
Total CRE loans$1,531 $3,065 $1,651 $2,300 $1,072 $3,054 $254 $15 $12,942 
December 31, 2021
(Dollars in millions)20212020201920182017Prior to 2017Revolving
 Loans		Revolving Loans Converted to Term LoansTotal
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 loans$3,492 $2,091 $2,590 $1,057 $744 $1,919 $216 $— $12,109 
The following table reflects the amortized cost basis by year of origination and refreshed FICO scores for consumer real estate loans as of June 30, 2022 and December 31, 2021. 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 a revolving loan converted to a term loan. All loans classified in the following tables 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.
CONSUMER REAL ESTATE PORTFOLIO
June 30, 2022
(Dollars in millions)20222021202020192018Prior to 2018Revolving
 Loans		Revolving
Loans Converted
to Term Loans (a)		Total
FICO score 740 or greater$1,290 $1,928 $878 $568 $305 $1,404 $1,100 $75 $7,548 
FICO score 720-739177 267 120 105 38 250 172 21 1,150 
FICO score 700-719157 220 101 62 40 226 149 26 981 
FICO score 660-699117 141 93 62 66 298 204 26 1,007 
FICO score 620-65910 27 27 45 21 111 56 10 307 
FICO score less than 620 13 19 30 13 25 270 61 17 448 
Total$1,764 $2,602 $1,249 $855 $495 $2,559 $1,742 $175 $11,441 
December 31, 2021
(Dollars in millions)20212020201920182017Prior to 2017Revolving
 Loans		Revolving 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 620 26 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) $3 million and $43 million of HELOC loans were converted from revolving to term in 2022 and 2021, respectively.
The following tables reflect the amortized cost basis by year of origination and refreshed FICO scores for credit card and other loans as of June 30, 2022 and December 31, 2021.

CREDIT CARD & OTHER PORTFOLIO
June 30, 2022
(Dollars in millions)20222021202020192018Prior to 2018Revolving
 Loans		Revolving
Loans Converted
to Term Loans (a)		Total
FICO score 740 or greater$26 $20 $17 $11 $4 $16 $295 $7 $396 
FICO score 720-7395 3 2 2 1 1 39 1 54 
FICO score 700-7194 4 2 1 1 1 37 1 51 
FICO score 660-6998 2 2 1 2 2 39 1 57 
FICO score 620-6593 2 1 — 1 1 19 — 27 
FICO score less than 620 71 7 6 10 7 6 177 1 285 
Total$117 $38 $30 $25 $16 $27 $606 $11 $870 

December 31, 2021
(Dollars in millions)20212020201920182017Prior to 2017Revolving
 Loans		Revolving Loans Converted to Term Loans (a)Total
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 620 24 3 3 4 4 16 18 1 73 
Total$131 $57 $47 $44 $31 $155 $426 $19 $910 
(a) $1 million and $9 million of other consumer loans were converted from revolving to term in 2022 and 2021, respectively.
Accruing And Non-Accruing Loans By Class
The following table reflects accruing and non-accruing loans and leases by class on June 30, 2022 and December 31, 2021:
ACCRUING & NON-ACCRUING LOANS AND LEASES
June 30, 2022
 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 and Leases
Commercial, financial, and industrial:
C&I (a) $27,678 $28 $— $27,706 $80 $— $49 $129 $27,835 
Loans to mortgage companies3,441 — — 3,441 — — — — 3,441 
Total commercial, financial, and industrial31,119 28 — 31,147 80 — 49 129 31,276 
Commercial real estate:
CRE (b)12,903 28 — 12,931 9 — 2 11 12,942 
Consumer real estate:
HELOC (c)1,857 9 6 1,872 34 2 9 45 1,917 
Real estate installment loans (d)9,367 35 8 9,410 56 9 49 114 9,524 
Total consumer real estate11,224 44 14 11,282 90 11 58 159 11,441 
Credit card and other:
Credit card272 3 3 278 — — — — 278 
Other587 3 — 590 2 — — 2 592 
Total credit card and other859 6 3 868 2 — — 2 870 
Total loans and leases$56,105 $106 $17 $56,228 $181 $11 $109 $301 $56,529 
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 and Leases
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) $123 million and $99 million of C&I loans are nonaccrual loans that have been specifically reviewed for impairment with no related allowance in 2022 and 2021, respectively.
(b) $6 million and $5 million of CRE loans are nonaccrual loans that have been specifically reviewed for impairment with no related allowance in 2022 and 2021, respectively.
(c) $6 million and $7 million of HELOC loans are nonaccrual loans that have been specifically reviewed for impairment with no related allowance in 2022 and 2021, respectively.
(d) $8 million and $50 million of real estate installment loans are nonaccrual loans that have been specifically reviewed for impairment with no related allowance in 2022 and 2021, respectively.
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 periods indicated:
LOANS MODIFIED IN A TDR
 Three Months Ended June 30, 2022Three Months Ended June 30, 2021
(Dollars in millions)NumberPre-Modification Outstanding Recorded  InvestmentPost-Modification Outstanding Recorded  InvestmentNumberPre-Modification Outstanding Recorded  InvestmentPost-Modification Outstanding Recorded  Investment
C&I— $— $— 10 $19 $19 
CRE— — — — — — 
HELOC42 3 3 7 — — 
Real estate installment loans95 24 24 26 6 6 
Credit card and other8 — — 15 — — 
Total TDRs145 $27 $27 58 $25 $25 
Six Months Ended June 30, 2022Six Months Ended June 30, 2021
(Dollars in millions)NumberPre-Modification Outstanding Recorded  InvestmentPost-Modification Outstanding Recorded  InvestmentNumberPre-Modification Outstanding Recorded  InvestmentPost-Modification Outstanding Recorded  Investment
C&I3 $— $— 27 $28 $27 
CRE— — — 1 12 10 
HELOC56 5 5 19 2 2 
Real estate installment loans181 40 40 35 8 8 
Credit card and other9 — — 28 — — 
Total TDRs249 $45 $45 110 $50 $47 
Schedule Of Troubled Debt Restructurings Within The Previous 12 Months
The following table presents TDRs which re-defaulted during the three and six months ended June 30, 2022 and 2021, 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.
LOANS MODIFIED IN A TDR THAT RE-DEFAULTED
 Three Months Ended June 30, 2022Three Months Ended June 30, 2021
(Dollars in millions)NumberRecorded
Investment		NumberRecorded
Investment
C&I2 $— 5 $1 
CRE— — 2 9 
HELOC— — — — 
Real estate installment loans6 1 4 1 
Credit card and other1 — 1 — 
Total TDRs9 $1 12 $11 
Six Months Ended June 30, 2022Six Months Ended June 30, 2021
(Dollars in millions)NumberRecorded
Investment		NumberRecorded
Investment
C&I5 $— 12 $2 
CRE— — 2 9 
HELOC— — 1 — 
Real estate installment loans6 1 7 3 
Credit card and other9 — 1 — 
Total TDRs20 $1 23 $14