XML 60 R42.htm IDEA: XBRL DOCUMENT v3.21.2
BANK LOANS, NET (Tables)
 12 Months Ended
Sep. 30, 2021
Receivables [Abstract]  
Held for Sale and Held for Investment Loan Portfolios
The following table presents 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 Raymond James Bank’s total loan portfolio.
September 30,
 20212020201920182017
$ in millionsBalance%Balance%Balance%Balance%Balance%
C&I loans$8,440 33 %$7,421 34 %$8,056 38 %$7,741 39 %$7,339 43 %
CRE loans2,872 11 %2,489 12 %2,507 12 %2,309 12 %1,859 11 %
REIT loans1,112 5 %1,210 5 %1,333 6 %1,470 8 %1,361 8 %
Tax-exempt loans1,321 5 %1,259 6 %1,241 6 %1,227 6 %1,018 6 %
Residential mortgage loans5,318 21 %4,973 23 %4,479 21 %3,775 19 %3,162 18 %
SBL and other6,106 24 %4,087 19 %3,351 16 %3,035 15 %2,388 14 %
Total loans held for investment25,169 99 %21,439 99 %20,967 99 %19,557 99 %17,127 100 %
Held for sale loans145 1 %110 1 %142 1 %164 1 %70 — %
Total loans held for sale and investment25,314 100 %21,549 100 %21,109 100 %19,721 100 %17,197 100 %
Allowance for credit losses(320) (354) (218)(203)(190)
Bank loans, net
$24,994  $21,195  $20,891 $19,518 $17,007 
Accrued interest receivable on bank loans$48 $45 $53 $52 $37 
Loan Purchases and Sales The following table presents purchases and sales of loans held for investment by portfolio segment.
$ in millionsC&I loansCRE loansResidential mortgage loansTotal
Year ended September 30, 2021
Purchases$1,528 $— $524 

$2,052 
Sales $297 $— $— $297 
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 
Analysis of the Payment Status of Loans Held for Investment
The following table presents information on delinquency status of our loans held for investment.
$ in millions30-89
days and accruing		90 days
or more and accruing		Total past due and accruingNonaccrual with allowanceNonaccrual with no allowanceCurrent and accruingTotal loans held for
investment
September 30, 2021     
C&I loans
$— $— $— $39 $— $8,401 $8,440 
CRE loans— — — — 20 2,852 2,872 
REIT loans— — — — — 1,112 1,112 
Tax-exempt loans
— — — — — 1,321 1,321 
Residential mortgage loans2 — 2 2 13 5,301 5,318 
SBL and other
— — — — — 6,106 6,106 
Total loans held for investment
$2 $— $2 $41 $33 $25,093 $25,169 
September 30, 2020     
C&I loans$— $— $— $2 $— $7,419 $7,421 
CRE loans— — — — 14 2,475 2,489 
REIT loans— — — — — 1,210 1,210 
Tax-exempt loans— — — — — 1,259 1,259 
Residential mortgage loans— — — 3 11 4,959 4,973 
SBL and other— — — — — 4,087 4,087 
Total loans held for investment$— $— $— $5 $25 $21,409 $21,439 
Credit Quality of Held for Investment Loan Portfolio
The following tables present our held for investment bank loan portfolio by credit quality indicator.

September 30, 2021September 30, 2020
Loans by origination year
$ in millions20212020201920182017PriorRevolving loansTotalTotal
C&I loans
Risk rating:
Pass$999$1,273$1,180$1,408$935$1,633$739$8,167$6,939
Special mention——41—26541122235
Substandard——2484—28—136247
Doubtful——15————15—
Total C&I loans$999$1,273$1,260$1,492$961$1,715$740$8,440$7,421
CRE loans
Risk rating:
Pass$533$459$442$652$223$174$62$2,545$2,141
Special mention—455836———139213
Substandard——3298850—188135
Doubtful—————————
Total CRE loans$533$504$532$786$231$224$62$2,872$2,489
REIT loans
Risk rating:
Pass$235$95$75$60$46$167$237$915$1,138
Special mention——131133106616943
Substandard——21—4—32829
Doubtful—————————
Total REIT loans$235$95$109$71$83$273$246$1,112$1,210
Tax-exempt loans
Risk rating:
Pass$158$57$124$204$272$506$—$1,321$1,259
Special mention—————————
Substandard—————————
Doubtful—————————
Total tax-exempt loans$158$57$124$204$272$506$—$1,321$1,259
Residential mortgage loans
Risk rating:
Pass$1,861$1,266$640$386$451$666$20$5,290$4,944
Special mention—————5—56
Substandard———1220—2323
Doubtful—————————
Total residential mortgage loans$1,861$1,266$640$387$453$691$20$5,318$4,973
SBL and other
Risk rating:
Pass$3$45$12$—$—$—$6,046$6,106$4,087
Special mention—————————
Substandard—————————
Doubtful—————————
Total SBL and other$3$45$12$—$—$—$6,046$6,106$4,087
The following table presents the held for investment residential mortgage loan portfolio by FICO score and by LTV ratio at origination.
$ in millionsSeptember 30, 2021September 30, 2020
FICO score:
Below 600$67 $67 
600 - 699416 363 
700 - 7993,772 3,463 
800 +1,058 1,076 
FICO score not available5 4 
Total$5,318 $4,973 
LTV ratio:
Below 80%$4,123 $3,852 
80%+1,195 1,121 
Total$5,318 $4,973 
Changes in the Allowance for Credit Losses
The following table presents changes in the allowance for credit losses on held for investment bank loans by portfolio segment.
$ in millionsC&I loansCRE loansREIT loansTax-exempt loansResidential
mortgage
loans		SBL and otherTotal
Year ended September 30, 2021      
Balance at beginning of year$200 $81 $36 $14 $18 $5 $354 
Impact of CECL adoption19 (11)(9)(12)24 (2)9 
Provision/(benefit) for credit losses(25)5 (5)— (8)1 (32)
Net (charge-offs)/recoveries:
      
Charge-offs(4)(10)— — — — (14)
Recoveries— — — — 1 — 1 
Net (charge-offs)/recoveries
(4)(10)— — 1 — (13)
Foreign exchange translation adjustment
1 1 — — — — 2 
Balance at end of year
$191 $66 $22 $2 $35 $4 $320 
Year ended September 30, 2020      
Balance at beginning of year
$139 $34 $15 $9 $16 $5 $218 
Provision/(benefit) for credit losses157 48 23 5 — — 233 
Net (charge-offs)/recoveries:
   
Charge-offs(96)(2)(2)— — — (100)
Recoveries— — — — 2 — 2 
Net (charge-offs)/recoveries
(96)(2)(2)— 2 — (98)
Foreign exchange translation adjustment
— 1 — — — — 1 
Balance at end of year
$200 $81 $36 $14 $18 $5 $354