XML 58 R41.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Allowance for Loan Losses (Tables)
 12 Months Ended
Dec. 31, 2019
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 allowance for loan losses by portfolio segment for December 31, 2019, 2018 and 2017:
(Dollars in thousands)
 
C&I (a)
 
Commercial
Real Estate (a)
 
Consumer
Real Estate
 
Permanent
Mortgage
 
Credit Card
and Other
 
Total
Balance as of January 1, 2019
 
$
98,947

 
$
31,311

 
$
26,439

 
$
11,000

 
$
12,727

 
$
180,424

Charge-offs
 
(33,778
)
 
(1,181
)
 
(7,781
)
 
(393
)
 
(15,600
)
 
(58,733
)
Recoveries
 
6,744

 
489

 
17,000

 
3,148

 
4,235

 
31,616

Provision/(provision credit) for loan losses
 
50,573

 
5,493

 
(16,034
)
 
(4,936
)
 
11,904

 
47,000

Balance as of December 31, 2019
 
122,486

 
36,112

 
19,624

 
8,819

 
13,266

 
200,307

Allowance - individually evaluated for impairment
 
6,196

 
—

 
11,537

 
7,761

 
422

 
25,916

Allowance - collectively evaluated for impairment
 
115,442

 
36,112

 
7,001

 
1,058

 
12,813

 
172,426

Allowance - purchased credit-impaired loans
 
848

 
—

 
1,086

 
—

 
31

 
1,965

Loans, net of unearned as of December 31, 2019:
 
 
 
 
 
 
 
 
 
 
 
 
        Individually evaluated for impairment
 
82,438

 
1,563

 
100,653

 
61,593

 
653

 
246,900

        Collectively evaluated for impairment
 
19,942,728

 
4,330,479

 
5,881,330

 
108,797

 
494,691

 
30,758,025

        Purchased credit-impaired loans
 
25,925

 
4,975

 
24,766

 
—

 
520

 
56,186

Total loans, net of unearned income
 
$
20,051,091

 
$
4,337,017

 
$
6,006,749

 
$
170,390

 
$
495,864

 
$
31,061,111

Balance as of January 1, 2018
 
$
98,211

 
$
28,427

 
$
39,823

 
$
13,113

 
$
9,981

 
$
189,555

Charge-offs
 
(15,492
)
 
(783
)
 
(9,357
)
 
(477
)
 
(19,688
)
 
(45,797
)
Recoveries 
 
4,201

 
339

 
19,666

 
1,421

 
4,039

 
29,666

Provision/(provision credit) for loan losses 
 
12,027

 
3,328

 
(23,693
)
 
(3,057
)
 
18,395

 
7,000

Balance as of December 31, 2018
 
98,947

 
31,311

 
26,439

 
11,000

 
12,727

 
180,424

Allowance - individually evaluated for impairment 
 
1,074

 
—

 
17,984

 
9,419

 
337

 
28,814

Allowance - collectively evaluated for impairment 
 
95,050

 
31,311

 
7,368

 
1,581

 
12,263

 
147,573

Allowance - purchased credit-impaired loans
 
2,823

 
—

 
1,087

 
—

 
127

 
4,037

Loans, net of unearned as of December 31, 2018:
 
 
 
 
 
 
 
 
 
 
 
 
        Individually evaluated for impairment 
 
48,592

 
1,966

 
118,434

 
70,846

 
695

 
240,533

        Collectively evaluated for impairment
 
16,424,006

 
4,013,741

 
6,099,272

 
151,602

 
515,921

 
27,204,542

        Purchased credit-impaired loans
 
41,730

 
15,163

 
31,810

 
—

 
1,754

 
90,457

Total loans, net of unearned income
 
$
16,514,328

 
$
4,030,870

 
$
6,249,516

 
$
222,448

 
$
518,370

 
$
27,535,532

Balance as of January 1, 2017
 
$
89,398

 
$
33,852

 
$
51,424

 
$
15,222

 
$
12,172

 
$
202,068

Charge-offs
 
(17,657
)
 
(195
)
 
(13,156
)
 
(2,179
)
 
(13,207
)
 
(46,394
)
Recoveries 
 
4,568

 
966

 
22,723

 
2,509

 
3,115

 
33,881

Provision/(provision credit) for loan losses 
 
21,902

 
(6,196
)
 
(21,168
)
 
(2,439
)
 
7,901

 
—

Balance as of December 31, 2017
 
98,211

 
28,427

 
39,823

 
13,113

 
9,981

 
189,555

Allowance - individually evaluated for impairment 
 
6,044

 
132

 
23,175

 
12,105

 
311

 
41,767

Allowance - collectively evaluated for impairment 
 
89,358

 
28,291

 
16,293

 
1,008

 
9,670

 
144,620

Allowance - purchased credit-impaired loans
 
2,809

 
4

 
355

 
—

 
—

 
3,168

Loans, net of unearned as of December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
 
        Individually evaluated for impairment 
 
43,024

 
2,407

 
128,895

 
84,794

 
593

 
259,713

        Collectively evaluated for impairment
 
15,909,110

 
4,181,908

 
6,311,817

 
203,026

 
613,806

 
27,219,667

        Purchased credit-impaired loans
 
105,139

 
30,380

 
38,530

 
—

 
5,500

 
179,549

Total loans, net of unearned income
 
$
16,057,273

 
$
4,214,695

 
$
6,479,242

 
$
287,820

 
$
619,899

 
$
27,658,929

 
 
 
 
 
 
 
 
 
 
 
 
 

a)
In third quarter 2019, FHN corrected a previous mis-classification of commercial loans and reclassified approximately $410 million of market investor CRE loans from the C&I portfolio to the CRE portfolio. These loans were identified during an internal review and assessment by management of certain loan populations, a portion of which relate to loans acquired as part of the Capital Bank merger. The reclassification of these loan balances between regional banking portfolios did not have an impact on FHN’s consolidated period-end or average balance sheet and had an immaterial effect on the allowance for loan losses. No adjustments were made to prior periods as the impact of the reclassification, including the effect on the allowance for loan losses was deemed to be immaterial in all periods.