XML 45 R34.htm IDEA: XBRL DOCUMENT v3.20.2
LOANS AND LEASES (Tables)
 9 Months Ended
Sep. 30, 2020
Receivables [Abstract]  
Summary of Loans and Leases, Net of Unearned Income
Following is a summary of total loans and leases, net of unearned income:
TABLE 4.1
(in millions)September 30, 2020December 31, 2019
Commercial real estate$9,521 $8,960 
Commercial and industrial7,547 5,308 
Commercial leases487 432 
Other65 21 
Total commercial loans and leases17,620 14,721 
Direct installment1,977 1,821 
Residential mortgages3,531 3,374 
Indirect installment1,219 1,922 
Consumer lines of credit1,342 1,451 
Total consumer loans8,069 8,568 
Total loans and leases, net of unearned income$25,689 $23,289 
Certain Information Relating to Commercial Real Estate Loans
The following table shows certain information relating to commercial real estate loans:
TABLE 4.2
(dollars in millions)September 30,
2020		December 31,
2019
Commercial real estate:
Percent owner-occupied28.3 %30.6 %
Percent non-owner-occupied71.8 69.4 
Summary of Loan, Credit Quality Indicators We use an internal risk rating assigned to a commercial loan or lease at origination, summarized below.
TABLE 4.3
Rating CategoryDefinition
Passin general, the condition of the borrower and the performance of the loan is satisfactory or better
Special Mentionin general, the condition of the borrower has deteriorated, requiring an increased level of monitoring
Substandardin general, the condition of the borrower has significantly deteriorated and the performance of the loan could further deteriorate if deficiencies are not corrected
Doubtfulin general, the condition of the borrower has significantly deteriorated and the collection in full of both principal and interest is highly questionable or improbable
Schedule of Financing Receivables, Originated Year
The following table summarizes the designated loan rating category by loan class including term loans on an amortized cost basis by origination year:
TABLE 4.4
September 30, 202020202019201820172016PriorRevolving Loans Amortized Cost BasisTotal
(in millions)
COMMERCIAL
Commercial Real Estate:
Risk Rating:
   Pass$1,343 $1,810 $1,194 $1,086 $936 $2,071 $144 $8,584 
   Special Mention10 31 58 74 60 166 3 402 
   Substandard1 25 32 87 133 252 5 535 
Total commercial real estate1,354 1,866 1,284 1,247 1,129 2,489 152 9,521 
Commercial and Industrial:
Risk Rating:
   Pass3,355 1,092 655 363 138 422 1,052 7,077 
   Special Mention5 26 40 38 12 28 59 208 
   Substandard4 31 55 40 7 46 79 262 
Total commercial and industrial3,364 1,149 750 441 157 496 1,190 7,547 
Commercial Leases:
Risk Rating:
   Pass114 179 94 61 7 4 — 459 
   Special Mention— 1 5 4 1 2 — 13 
   Substandard8 3 2 1 1 — — 15 
Total commercial leases122 183 101 66 9 6 — 487 
Other Commercial:
Risk Rating:
   Pass21 — — — — 3 40 64 
   Substandard— — — — — 1 — 1 
Total other commercial21 — — — — 4 40 65 
Total commercial4,861 3,198 2,135 1,754 1,295 2,995 1,382 17,620 
CONSUMER
Direct Installment:
   Current525 370 226 160 188 489 — 1,958 
   Past due— 1 1 1 2 14 — 19 
Total direct installment525 371 227 161 190 503 — 1,977 
Residential Mortgages:
   Current862 803 344 437 367 661 2 3,476 
   Past due1 5 5 6 6 32 — 55 
Total residential mortgages863 808 349 443 373 693 2 3,531 
Indirect Installment:
   Current249 273 364 169 83 69 — 1,207 
   Past due— 1 2 2 1 6 — 12 
Total indirect installment249 274 366 171 84 75 — 1,219 
Consumer Lines of Credit:
   Current3 8 9 4 5 133 1,166 1,328 
   Past due— — — — 1 12 1 14 
Total consumer lines of credit3 8 9 4 6 145 1,167 1,342 
Total consumer1,640 1,461 951 779 653 1,416 1,169 8,069 
Total loans and leases$6,501 $4,659 $3,086 $2,533 $1,948 $4,411 $2,551 $25,689 
Summary of Credit Quality
The following tables present the December 31, 2019 summary of our commercial loans and leases by credit quality category segregated by loans and leases originated and loans acquired:
TABLE 4.5
Commercial Loan and Lease Credit Quality Categories
(in millions)PassSpecial
Mention		SubstandardDoubtfulTotal
Originated Loans and Leases
December 31, 2019
Commercial real estate$6,821 $171 $121 $1 $7,114 
Commercial and industrial4,768 149 144 2 5,063 
Commercial leases423 3 6 — 432 
Other20 — 1 — 21 
Total originated commercial loans
and leases		$12,032 $323 $272 $3 $12,630 
Loans Acquired in a Business Combination
December 31, 2019
Commercial real estate$1,603 $116 $127 $— $1,846 
Commercial and industrial201 19 25 — 245 
Total commercial loans acquired in a business combination$1,804 $135 $152 $— $2,091 
Summary of Consumer Loans by Payment Status
Following is a table showing the December 31, 2019 consumer loans by payment status:
TABLE 4.6
Consumer Loan Credit Quality
by Payment Status
(in millions)PerformingNon-
Performing		Total
Originated Loans
December 31, 2019
Direct installment$1,745 $13 $1,758 
Residential mortgages2,978 17 2,995 
Indirect installment1,919 3 1,922 
Consumer lines of credit1,086 6 1,092 
Total originated consumer loans$7,728 $39 $7,767 
Loans Acquired in a Business Combination
December 31, 2019
Direct installment$63 $— $63 
Residential mortgages379 — 379 
Consumer lines of credit358 1 359 
Total consumer loans acquired in a business combination$800 $1 $801 
Age Analysis of Past Due Loans, by Class
The following tables provide an analysis of the aging of loans by class.
TABLE 4.7
(in millions)30-89 Days
Past Due
> 90 Days
Past Due
and Still
Accruing
Non-
Accrual		Total
Past Due 		CurrentTotal
Loans and
Leases		Non-accrual with No ACL
September 30, 2020
Commercial real estate$16 $— $90 $106 $9,415 $9,521 $29 
Commercial and industrial8 — 55 63 7,484 7,547 14 
Commercial leases1 — 2 3 484 487 — 
Other— 1 1 2 63 65 — 
Total commercial loans and leases25 1 148 174 17,446 17,620 43 
Direct installment8 2 9 19 1,958 1,977 — 
Residential mortgages31 13 11 55 3,476 3,531 — 
Indirect installment9 — 3 12 1,207 1,219 — 
Consumer lines of credit5 2 7 14 1,328 1,342 — 
Total consumer loans53 17 30 100 7,969 8,069 — 
Total loans and leases$78 $18 $178 $274 $25,415 $25,689 $43 
(in millions)30-89 Days
Past Due
> 90 Days
Past Due
and Still
Accruing
Non-
Accrual		Total
Past Due 		CurrentTotal
Loans and
Leases
Originated Loans and Leases
December 31, 2019
Commercial real estate$10 $— $26 $36 $7,078 $7,114 
Commercial and industrial9 — 28 37 5,026 5,063 
Commercial leases5 — 1 6 426 432 
Other— — 1 1 20 21 
Total commercial loans and leases24 — 56 80 12,550 12,630 
Direct installment7 1 7 15 1,743 1,758 
Residential mortgages12 2 8 22 2,973 2,995 
Indirect installment15 1 3 19 1,903 1,922 
Consumer lines of credit5 1 3 9 1,083 1,092 
Total consumer loans39 5 21 65 7,702 7,767 
Total originated loans and leases$63 $5 $77 $145 $20,252 $20,397 
(in millions)30-89
Days
Past Due
> 90 Days
Past Due
and Still
Accruing
Non-
Accrual		Total
Past Due
(1) (2)		Current(Discount) PremiumTotal
Loans
Loans Acquired in a Business Combination
December 31, 2019
Commercial real estate$12 $28 $3 $43 $1,942 $(139)$1,846 
Commercial and industrial2 3 — 5 259 (19)245 
Total commercial loans14 31 3 48 2,201 (158)2,091 
Direct installment3 — — 3 60 — 63 
Residential mortgages8 4 — 12 382 (15)379 
Consumer lines of credit7 2 1 10 357 (8)359 
Total consumer loans18 6 1 25 799 (23)801 
Total loans acquired in a business combination$32 $37 $4 $73 $3,000 $(181)$2,892 

(1) Prior to the adoption of CECL on January 1, 2020, loans acquired in a business combination were considered performing upon acquisition, regardless of whether the customer was contractually delinquent, if we could reasonably estimate the timing and amount of expected cash flows on such loans. In these instances, we did not consider acquired contractually delinquent loans to be non-accrual or non-performing and continued to recognize interest income on these loans using the accretion method. After the adoption of CECL on January 1, 2020, loans acquired in a business combination are considered non-accrual or non-performing when, due to credit deterioration or other factors, we determine we are no longer able to reasonably estimate the timing and amount of expected cash flows on such loans. We do not recognize interest income on loans acquired in a business combination considered non-accrual or non-performing.
(2)    Past due information for loans acquired in a business combination is based on the contractual balance outstanding at December 31, 2019.
Summary of Non-Performing Assets
Following is a summary of non-performing assets:
TABLE 4.8
(dollars in millions)September 30,
2020		December 31,
2019
Non-accrual loans$178 $81 
Troubled debt restructurings— 22 
Total non-performing loans
178 103 
Other real estate owned 20 26 
Total non-performing assets
$198 $129 
Asset quality ratios:
Non-performing loans / total loans and leases
0.69 %0.44 %
Non-performing assets + 90 days past due + OREO / total loans and leases + OREO
0.84 %0.73 %
Summary of the composition of total TDRs
Following is a summary of the composition of total TDRs:
TABLE 4.9
(in millions)September 30,
2020		December 31,
2019
Accruing$61 $41 
Non-accrual33 15 
Total TDRs$94 $56 
Summary of Troubled Debt Restructurings by Class of Loans
Following is a summary of TDR loans, by class, for loans that were modified during the periods indicated:
TABLE 4.10
Three Months Ended September 30, 2020Nine Months Ended September 30, 2020
(dollars in millions)Number
of
Contracts		Pre-
Modification
Outstanding
Recorded
Investment		Post-
Modification
Outstanding
Recorded
Investment		Number
of
Contracts		Pre-
Modification
Outstanding
Recorded
Investment		Post-
Modification
Outstanding
Recorded
Investment
Commercial real estate7 $2 $2 23 $8 $6 
Commercial and industrial4 — — 19 3 2 
Other— — — 1 — — 
Total commercial loans11 2 2 43 11 8 
Direct installment14 1 1 50 3 3 
Residential mortgages2 1 1 18 3 2 
Consumer lines of credit9 — — 36 1 1 
Total consumer loans25 2 2 104 7 6 
Total36 $4 $4 147 $18 $14 

 Three Months Ended September 30, 2019Nine Months Ended September 30, 2019
(dollars in millions)Number
of
Contracts		Pre-
Modification
Outstanding
Recorded
Investment		Post-
Modification
Outstanding
Recorded
Investment		Number
of
Contracts		Pre-
Modification
Outstanding
Recorded
Investment		Post-
Modification
Outstanding
Recorded
Investment
Commercial real estate4 $— $— 16 $4 $4 
Commercial and industrial1 — — 14 5 3 
Total commercial loans5 — — 30 9 7 
Direct installment15 1 1 47 2 2 
Residential mortgages4 1 1 14 1 1 
Consumer lines of credit7 — — 20 1 1 
Total consumer loans26 2 2 81 4 4 
Total31 $2 $2 111 $13 $11 
The year-to-date items in the above tables have been adjusted for loans that have been paid off and/or sold.
Summary of Troubled Debt Restructurings by Class of Loans and Leases, Payment Default
Following is a summary of TDRs, by class, for which there was a payment default, excluding loans that have been paid off and/or sold. Default occurs when a loan is 90 days or more past due and is within 12 months of restructuring.
TABLE 4.11
 Three Months Ended
September 30, 2020		Nine Months Ended
September 30, 2020
(dollars in millions)Number of
Contracts		Recorded
Investment		Number of
Contracts		Recorded
Investment
Commercial real estate— $— 8 $3 
Commercial and industrial1 — 3 — 
Total commercial loans1 — 11 3 
Direct installment4 $— 12 $1 
Residential mortgages— — 2 — 
Consumer lines of credit1 — 3 — 
Total consumer loans5 — 17 1 
Total6 $— 28 $4 
Summary of Originated Troubled Debt Restructurings by Class of Loans and Leases, Payment Default
Following is a summary of originated TDRs, by class, for which there was a payment default, excluding loans that have been paid off and/or sold.
TABLE 4.12
 Three Months Ended
September 30, 2019		Nine Months Ended
September 30, 2019
(dollars in millions)Number of
Contracts		Recorded
Investment		Number of
Contracts		Recorded
Investment
Commercial real estate1 $— 5 $1 
Commercial and industrial— — 1 — 
Total commercial loans1 — 6 1 
Direct installment1 — 4 — 
Residential mortgages— — 1 — 
Consumer lines of credit1 — 1 — 
Total consumer loans2 — 6 — 
Total3 $— 12 $1