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BANK LOANS, NET (Tables)
 12 Months Ended
Sep. 30, 2020
Receivables [Abstract]  
Held for Sale and Held for Investment Loan Portfolios
The following tables present the balances for both the held for sale and held for investment loan portfolios, as well as the associated percentage of each portfolio segment in RJ Bank’s total loan portfolio. “Loans held for sale, net” and “Total loans held for investment, net” in the following tables are presented net of unearned income and deferred expenses, which include purchase premiums, purchase discounts and net deferred origination fees and costs.
September 30,
 202020192018
$ in millionsBalance%Balance%Balance%
Loans held for investment:
      
C&I loans$7,450 34 %$8,098 38 %$7,786 40 %
CRE construction loans177 1 %185 1 %151 1 %
CRE loans3,534 16 %3,652 17 %3,624 18 %
Tax-exempt loans1,259 6 %1,241 6 %1,227 6 %
Residential mortgage loans4,947 23 %4,454 21 %3,757 19 %
SBL and other4,085 19 %3,349 16 %3,033 15 %
Total loans held for investment
21,452 20,979 19,578 
Net unearned income and deferred expenses(13)(12)(21)
Total loans held for investment, net
21,439 20,967 19,557 
Loans held for sale, net
110 1 %142 1 %164 1 %
Total loans held for sale and investment
21,549 100 %21,109 100 %19,721 100 %
Allowance for loan losses
(354) (218) (203)
Bank loans, net
$21,195  $20,891  $19,518 
September 30,
20172016
$ in millionsBalance%Balance%
Loans held for investment:
    
C&I loans$7,386 43 %$7,470 48 %
CRE construction loans
113 1 %123 1 %
CRE loans
3,106 18 %2,554 17 %
Tax-exempt loans
1,018 6 %741 5 %
Residential mortgage loans
3,149 18 %2,442 16 %
SBL and other
2,386 14 %1,905 12 %
Total loans held for investment
17,158  15,235  
Net unearned income and deferred expenses(31) (41) 
Total loans held for investment, net
17,127  15,194  
Loans held for sale, net
70 — 214 1 %
Total loans held for sale and investment
17,197 100 %15,408 100 %
Allowance for loan losses
(190) (197) 
Bank loans, net
$17,007  $15,211  
Loan Purchases and Sales
The following table presents purchases and sales of any loans held for investment by portfolio segment.
$ in millionsC&I loansCRE loansResidential mortgage loansTotal
Year ended September 30, 2020
Purchases$589 $5 $402 

$996 
Sales $598 $27 $2 $627 
Year ended September 30, 2019
Purchases$1,046 $42 $400 $1,488 
Sales $126 $— $— $126 
Year ended September 30, 2018
Purchases$467 $145 $303 $915 
Sales $213 $— $— $213 
Analysis of the Payment Status of Loans Held for Investment
The following table presents an analysis of the payment status of loans held for investment. Amounts in the table exclude any net unearned income and deferred expenses.
$ in millions30-89
days and accruing		90 days
or more and accruing		Total past due and accruingNonaccrualCurrent and accruingTotal loans held for
investment
September 30, 2020     
C&I loans
$— $— $— $2 $7,448 $7,450 
CRE construction loans
— — — — 177 177 
CRE loans
— — — 14 3,520 3,534 
Tax-exempt loans
— — — — 1,259 1,259 
Residential mortgage loans:
   
First mortgage loans
— — — 14 4,911 4,925 
Home equity loans/lines
— — — — 22 22 
SBL and other
— — — — 4,085 4,085 
Total loans held for investment
$— $— $— $30 $21,422 $21,452 
September 30, 2019     
C&I loans$— $— $— $19 $8,079 $8,098 
CRE construction loans— — — — 185 185 
CRE loans— — — 8 3,644 3,652 
Tax-exempt loans— — — — 1,241 1,241 
Residential mortgage loans:   
First mortgage loans2 — 2 16 4,409 4,427 
Home equity loans/lines— — — — 27 27 
SBL and other— — — — 3,349 3,349 
Total loans held for investment$2 $— $2 $43 $20,934 $20,979 
Summary of Impaired Loans
The following table provides a summary of RJ Bank’s impaired loans.
September 30,
 20202019
$ in millionsGross
recorded
investment		Unpaid
principal
balance		Allowance
for losses		Gross
recorded
investment		Unpaid
principal
balance		Allowance
for losses
Impaired loans with allowance for loan losses:
     
C&I loans
$2 $2 $— $19 $20 $6 
Residential - first mortgage loans
8 10 1 11 13 1 
Total10 12 1 30 33 7 
Impaired loans without allowance for loan losses:
     
CRE loans
13 21 — 8 13 — 
Residential - first mortgage loans
10 14 — 11 17 — 
Total
23 35 — 19 30 — 
Total impaired loans
$33 $47 $1 $49 $63 $7 
Average Balance of Impaired Loans Recognized
The average balance of the total impaired loans was as follows.
 Year ended September 30,
$ in millions202020192018
C&I loans
$8 $19 $4 
CRE loans
7 5 — 
Residential - first mortgage loans
20 25 33 
Total average impaired loan balance$35 $49 $37 
Credit Quality of Held for Investment Loan Portfolio
The following table presents the credit quality of RJ Bank’s held for investment loan portfolio.
$ in millionsPassSpecial mention Substandard Doubtful Total
September 30, 2020
C&I loans$6,966 $236 $248 $— $7,450 
CRE construction loans177 — — — 177 
CRE loans3,113 256 165 — 3,534 
Tax-exempt loans1,259 — — — 1,259 
Residential mortgage loans:
First mortgage loans4,897 6 22 — 4,925 
Home equity loans/lines22 — — — 22 
SBL and other4,085 — — — 4,085 
Total loans held for investment$20,519 $498 $435 $— $21,452 
September 30, 2019
C&I loans$7,870 $152 $76 $— $8,098 
CRE construction loans185 — — — 185 
CRE loans3,630 — 22 — 3,652 
Tax-exempt loans1,241 — — — 1,241 
Residential mortgage loans:
First mortgage loans4,392 10 25 — 4,427 
Home equity loans/lines27 — — — 27 
SBL and other3,349 — — — 3,349 
Total loans held for investment$20,694 $162 $123 $— $20,979 
Changes in the Allowance for Loan Losses
The following table presents changes in the allowance for loan losses of RJ Bank by portfolio segment.
 Loans held for investment
$ in millionsC&I loansCRE
construction
loans		CRE loansTax-exempt loansResidential
mortgage
loans		SBL and otherTotal
Year ended September 30, 2020      
Balance at beginning of year
$139 $3 $46 $9 $16 $5 $218 
Provision for loan losses157 — 71 5 — — 233 
Net (charge-offs)/recoveries:
      
Charge-offs (1)
(96)— (4)— — — (100)
Recoveries— — — — 2 — 2 
Net (charge-offs)/recoveries
(96)— (4)— 2 — (98)
Foreign exchange translation adjustment
— — 1 — — — 1 
Balance at end of year
$200 $3 $114 $14 $18 $5 $354 
Year ended September 30, 2019      
Balance at beginning of year
$123 $3 $47 $9 $17 $4 $203 
Provision/(benefit) for loan losses
19 — 4 — (2)1 22 
Net (charge-offs)/recoveries:
     
Charge-offs (1)
(2)— (5)— (1)— (8)
Recoveries— — — — 2 — 2 
Net (charge-offs)/recoveries
(2)— (5)— 1 — (6)
Foreign exchange translation adjustment
(1)— — — — — (1)
Balance at end of year
$139 $3 $46 $9 $16 $5 $218 

(1)    Charge-offs related to loan sales amounted to $87 million and $2 million for the years ended September 30, 2020 and 2019, respectively.
Recorded Investment and Related Allowance for Loan Losses by Loan Portfolio Segment
The following table presents, by loan portfolio segment, RJ Bank’s recorded investment (excluding any net unearned income and deferred expenses) and the related allowance for loan losses.
Loans held for investment
Allowance for loan lossesRecorded investment
$ in millionsIndividually evaluated for impairmentCollectively evaluated for impairmentTotalIndividually evaluated for impairmentCollectively evaluated for impairmentTotal
September 30, 2020
C&I loans$— $200 $200 $2 $7,448 $7,450 
CRE construction loans— 3 3 — 177 177 
CRE loans— 114 114 14 3,520 3,534 
Tax-exempt loans— 14 14 — 1,259 1,259 
Residential mortgage loans1 17 18 25 4,922 4,947 
SBL and other— 5 5 — 4,085 4,085 
Total$1 $353 $354 $41 $21,411 $21,452 
September 30, 2019
C&I loans$6 $133 $139 $19 $8,079 $8,098 
CRE construction loans— 3 3 — 185 185 
CRE loans— 46 46 8 3,644 3,652 
Tax-exempt loans— 9 9 — 1,241 1,241 
Residential mortgage loans1 15 16 28 4,426 4,454 
SBL and other— 5 5 — 3,349 3,349 
Total$7 $211 $218 $55 $20,924 $20,979