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Loans and Leases (Tables)
 9 Months Ended
Sep. 30, 2022
Receivables [Abstract]  
Schedule of Loans by Class Leases in the following tables include finance leases but exclude operating lease equipment. Loans by Class
dollars in millionsSeptember 30, 2022December 31, 2021
Commercial
Commercial construction$2,752 $1,238 
Owner occupied commercial mortgage14,053 12,099 
Non-owner occupied commercial mortgage9,683 3,041 
Commercial and industrial24,288 5,937 
Leases2,184 271 
Total commercial52,960 22,586 
Consumer
Residential mortgage12,910 6,088 
Revolving mortgage1,923 1,818 
Consumer auto1,385 1,332 
Consumer other612 548 
Total consumer16,830 9,786 
Total loans and leases$69,790 $32,372 
Schedule of Amortized Cost of Loans
The following table presents selected components of the amortized cost of loans.

Components of Amortized Cost
dollars in millionsSeptember 30, 2022December 31, 2021
Deferred fees, including unearned fees and unamortized costs on non-PCD loans$72$32
Net unamortized discount on purchased loans
Non-PCD$81$11
PCD5029 
Total net unamortized discount$131$40
Schedule of Loans and Leases Delinquency Status and Nonaccrual Status
The aging of the outstanding loans and leases, by class, at September 30, 2022 and December 31, 2021 is provided in the tables below. Loans and leases less than 30 days past due are considered current, as various grace periods allow borrowers to make payments within a stated period after the due date and remain in compliance with the respective agreement.

Loans and Leases - Delinquency Status
dollars in millionsSeptember 30, 2022
30-59 Days
Past Due		60-89 Days
Past Due		90 Days or
Greater		Total
Past Due		CurrentTotal
Commercial
Commercial construction$5 $— $— $5 $2,747 $2,752 
Owner occupied commercial mortgage23 3 26 52 14,001 14,053 
Non-owner occupied commercial mortgage34 — 46 80 9,603 9,683 
Commercial and industrial80 20 21 121 24,167 24,288 
Leases41 15 14 70 2,114 2,184 
Total commercial183 38 107 328 52,632 52,960 
Consumer
Residential mortgage74 16 48 138 12,772 12,910 
Revolving mortgage9 2 8 19 1,904 1,923 
Consumer auto7 1 2 10 1,375 1,385 
Consumer other4 2 4 10 602 612 
Total consumer94 21 62 177 16,653 16,830 
Total loans and leases$277 $59 $169 $505 $69,285 $69,790 
December 31, 2021
30-59 Days
Past Due		60-89 Days
Past Due		90 Days or
Greater		Total
Past Due		CurrentTotal
Commercial
Commercial construction$1 $— $2 $3 $1,235 $1,238 
Owner occupied commercial mortgage21 1 9 31 12,068 12,099 
Non-owner occupied commercial mortgage3 — 2 5 3,036 3,041 
Commercial and industrial8 3 5 16 5,921 5,937 
Leases— 1 1 2 269 271 
Total commercial33 5 19 57 22,529 22,586 
Consumer
Residential mortgage24 6 23 53 6,035 6,088 
Revolving mortgage6 2 6 14 1,804 1,818 
Consumer auto6 1 1 8 1,324 1,332 
Consumer other2 2 1 5 543 548 
Total consumer38 11 31 80 9,706 9,786 
Total loans and leases$71 $16 $50 $137 $32,235 $32,372 
The amortized cost, by class, of loans and leases on non-accrual status, and loans and leases greater than 90 days past due and still accruing at September 30, 2022 and December 31, 2021 are presented below.

Loans on Non-Accrual Status (1) (2)
dollars in millionsSeptember 30, 2022December 31, 2021
Non-Accrual LoansLoans >
90 Days and
Accruing		Non-Accrual LoansLoans >
90 Days and
Accruing
Commercial
Commercial construction$20 $— $4 $— 
Owner occupied commercial mortgage41 3 18 5 
Non-owner occupied commercial mortgage96 28 5 — 
Commercial and industrial172 3 15 1 
Leases27 5 3 — 
Total commercial356 39 45 6 
Consumer
Residential mortgage74 8 54 — 
Revolving mortgage19 — 18 — 
Consumer auto4 — 3 — 
Consumer other1 3 1 1 
Total consumer98 11 76 1 
Total loans and leases$454 $50 $121 $7 
(1) Accrued interest that was reversed when the loan went to non-accrual status was $2 million for the nine months ended September 30, 2022.
(2) Non-accrual loans for which there was no related ACL totaled $41 million at September 30, 2022 and $15 million at December 31, 2021.
Schedule of Loans Disaggregated by Year of Origination and by Risk Rating
The following table summarizes the commercial loans disaggregated by year of origination and by risk rating. The consumer loan delinquency status by year of origination is also presented below. The tables reflect the amortized cost of the loans and include PCD loans.

Commercial Loans - Risk Classifications by Class
September 30, 2022
Risk Classification:Term Loans by Origination YearRevolving Converted to Term Loans
dollars in millions202220212020201920182017 & PriorRevolvingTotal
Commercial construction
Pass$782 $816 $628 $222 $27 $81 $67 $— $2,623 
Special Mention3 — 17 18 29 — — — 67 
Substandard2 — — 42 11 4 — — 59 
Doubtful— — — 3 — — — — 3 
Ungraded— — — — — — — — — 
Total commercial construction787 816 645 285 67 85 67 — 2,752 
Owner occupied commercial mortgage
Pass2,095 3,261 3,043 1,883 1,095 2,031 174 — 13,582 
Special Mention31 23 38 33 17 49 1 — 192 
Substandard7 29 40 43 40 114 5 — 278 
Doubtful— — — — — 1 — — 1 
Ungraded— — — — — — — — — 
Total owner occupied commercial mortgage2,133 3,313 3,121 1,959 1,152 2,195 180 — 14,053 
Non-owner occupied commercial mortgage
Pass1,918 1,668 1,833 1,575 774 1,147 43 — 8,958 
Special Mention— 1 32 83 3 10 1 — 130 
Substandard4 12 66 293 60 148 — — 583 
Doubtful— — — 5 — 7 — — 12 
Ungraded— — — — — — — — — 
Total non-owner occupied commercial mortgage1,922 1,681 1,931 1,956 837 1,312 44 — 9,683 
Commercial and industrial
Pass6,784 4,502 2,278 1,745 997 1,108 5,046 33 22,493 
Special Mention84 126 86 73 60 31 31 — 491 
Substandard70 109 184 150 173 192 289 1 1,168 
Doubtful— 1 1 3 13 18 5 — 41 
Ungraded— — — — — — 95 — 95 
Total commercial and industrial6,938 4,738 2,549 1,971 1,243 1,349 5,466 34 24,288 
Leases
Pass547 523 457 257 106 116 — — 2,006 
Special Mention13 18 26 10 5 2 — — 74 
Substandard21 32 19 16 8 1 — — 97 
Doubtful1 2 2 1 1 — — — 7 
Ungraded— — — — — — — — — 
Total leases582 575 504 284 120 119 — — 2,184 
Total commercial$12,362 $11,123 $8,750 $6,455 $3,419 $5,060 $5,757 $34 $52,960 
Consumer Loans - Delinquency Status by Class
September 30, 2022
Days Past Due:Term Loans by Origination YearRevolving Converted to Term Loans
dollars in millions202220212020201920182017 & PriorRevolvingTotal
Residential mortgage
Current$2,797 $3,759 $2,156 $842 $432 $2,763 $23 $— $12,772 
30-59 days6 5 3 5 5 50 — — 74 
60-89 days— 3 1 — 1 11 — — 16 
90 days or greater— 1 1 2 2 42 — — 48 
Total residential mortgage2,803 3,768 2,161 849 440 2,866 23 — 12,910 
Revolving mortgage
Current— — — — — — 1,784 120 1,904 
30-59 days— — — — — — 6 3 9 
60-89 days— — — — — — 1 1 2 
90 days or greater— — — — — — 3 5 8 
Total revolving mortgage— — — — — — 1,794 129 1,923 
Consumer auto
Current470 437 241 128 71 28 — — 1,375 
30-59 days1 2 2 1 1 — — — 7 
60-89 days— 1 — — — — — — 1 
90 days or greater— 1 — — — 1 — — 2 
Total consumer auto471 441 243 129 72 29 — — 1,385 
Consumer other
Current121 91 15 7 3 19 346 — 602 
30-59 days— — — — — 2 2 — 4 
60-89 days— — — — — 1 1 — 2 
90 days or greater— — — — — 3 1 — 4 
Total consumer other121 91 15 7 3 25 350 — 612 
Total consumer$3,395 $4,300 $2,419 $985 $515 $2,920 $2,167 $129 $16,830 
 
The following tables represent current credit quality indicators by origination year as of December 31, 2021.

Commercial Loans - Risk Classifications by Class
December 31, 2021
Risk Classification:Term Loans by Origination YearRevolving Converted to Term Loans
dollars in millions202120202019201820172016 & PriorRevolvingTotal
Commercial construction
Pass$540 $400 $189 $29 $48 $11 $10 $— $1,227 
Special Mention— — — — — 1 — — 1 
Substandard2 — 1 2 4 1 — — 10 
Doubtful— — — — — — — — — 
Ungraded— — — — — — — — — 
Total commercial construction542 400 190 31 52 13 10 — 1,238 
Owner occupied commercial mortgage
Pass3,045 3,022 1,873 1,194 963 1,572 125 — 11,794 
Special Mention3 35 37 22 13 33 5 — 148 
Substandard31 16 18 12 18 56 6 — 157 
Doubtful— — — — — — — — — 
Ungraded— — — — — — — — — 
Total owner occupied commercial mortgage3,079 3,073 1,928 1,228 994 1,661 136 — 12,099 
Non-owner occupied commercial mortgage
Pass644 737 578 263 266 412 37 — 2,937 
Special Mention1 — — 3 3 10 — — 17 
Substandard9 11 24 12 7 22 1 — 86 
Doubtful— — — — 1 — — — 1 
Ungraded— — — — — — — — — 
Total non-owner occupied commercial mortgage654 748 602 278 277 444 38 — 3,041 
Commercial and industrial
Pass2,107 1,018 599 257 149 281 1,342 5 5,758 
Special Mention9 7 20 2 4 5 5 — 52 
Substandard20 7 3 4 2 2 16 1 55 
Doubtful— — — — — — — — — 
Ungraded— — — — — — 72 — 72 
Total commercial and industrial2,136 1,032 622 263 155 288 1,435 6 5,937 
Leases
Pass93 68 38 42 17 8 — — 266 
Special Mention— 1 — — — — — — 1 
Substandard2 1 — 1 — — — — 4 
Doubtful— — — — — — — — — 
Ungraded— — — — — — — — — 
Total leases95 70 38 43 17 8 — — 271 
Total commercial$6,506 $5,323 $3,380 $1,843 $1,495 $2,414 $1,619 $6 $22,586 

 
Consumer Loans - Delinquency Status by Class
December 31, 2021
Days Past Due:Term Loans by Origination YearRevolving Converted to Term Loans
dollars in millions202120202019201820172016 & PriorRevolvingTotal
Residential mortgage
Current$2,139 $1,663 $627 $368 $349 $867 $22 $— $6,035 
30-59 days2 3 2 2 1 14 — — 24 
60-89 days— — — 1 1 4 — — 6 
90 days or greater1 1 1 2 1 17 — — 23 
Total residential mortgage2,142 1,667 630 373 352 902 22 — 6,088 
Revolving mortgage
Current— — — — — — 1,678 126 1,804 
30-59 days— — — — — — 4 2 6 
60-89 days— — — — — — — 2 2 
90 days or greater— — — — — — 2 4 6 
Total revolving mortgage— — — — — — 1,684 134 1,818 
Consumer auto
Current597 343 198 119 48 19 — — 1,324 
30-59 days1 2 1 1 — 1 — — 6 
60-89 days— — — — — 1 — — 1 
90 days or greater— — — — — 1 — — 1 
Total consumer auto598 345 199 120 48 22 — — 1,332 
Consumer other
Current131 24 11 4 2 29 342 — 543 
30-59 days— — — — — — 2 — 2 
60-89 days1 — — — — — 1 — 2 
90 days or greater— — — — — — 1 — 1 
Total consumer other132 24 11 4 2 29 346 — 548 
Total consumer$2,872 $2,036 $840 $497 $402 $953 $2,052 $134 $9,786 
Schedule of Loans Purchased with Credit Deterioration
The following table summarizes PCD loans and leases that BancShares acquired in the CIT Merger.

PCD Loans and Leases - CIT Merger
dollars in millionsTotal PCD from CIT Merger
UPB$3,550 
Initial PCD ACL(272)
Fair value discount, net of the PCD Gross-Up(45)
Purchase price$3,233 
Schedule of Troubled Debt Restructuring
The following table presents amortized cost of TDRs.

TDRs
dollars in millionsSeptember 30, 2022
AccruingNon-AccruingTotal
Commercial
Commercial construction$2 $1 $3 
Owner occupied commercial mortgage45 10 55 
Non-owner occupied commercial mortgage28 31 59 
Commercial and industrial49 11 60 
Leases— 1 1 
Total commercial124 54 178 
Consumer
Residential mortgage32 18 50 
Revolving mortgage17 6 23 
Consumer auto2 — 2 
Consumer other— — — 
Total consumer51 24 75 
Total TDRs$175 $78 $253 

December 31, 2021
AccruingNon-AccruingTotal
Commercial
Commercial construction$2 $— $2 
Owner occupied commercial mortgage57 8 65 
Non-owner occupied commercial mortgage26 3 29 
Commercial and industrial12 9 21 
Leases— 1 1 
Total commercial97 21 118 
Consumer
Residential mortgage29 18 47 
Revolving mortgage17 7 24 
Consumer auto2 — 2 
Consumer other1 — 1 
     Total consumer49 25 74 
Total TDRs$146 $46 $192 
The following table summarizes the loan restructurings during the three and nine months ended September 30, 2022 and 2021 that were designated as TDRs. BancShares defines payment default as movement of the TDR to non-accrual status, which is generally 90 days past due, foreclosure or charge-off, whichever occurs first.

Restructurings
dollars in millions (except for number of loans)Three Months Ended September 30,
20222021
Number of LoansAmortized Cost at Period EndNumber of LoansAmortized Cost at Period End
Loans and leases
Interest only5 $31 7 $10 
Loan term extension35 30 41 6 
Below market rates17 4 47 3 
Discharge from bankruptcy36 2 21 3 
Total93 $67 116 $22 
Nine Months Ended September 30,
20222021
Number of LoansAmortized Cost at Period EndNumber of LoansAmortized Cost at Period End
Loans and leases
Interest only13 $37 17 $20 
Loan term extension110 51 112 15 
Below market rates62 8 148 21 
Discharge from bankruptcy78 4 110 12 
Total263 $100 387 $68 
TDRs that subsequently defaulted during the three and nine months ended September 30, 2022 and 2021, and were classified as TDRs during the applicable 12-month period preceding September 30, 2022 and 2021 were as follows:
TDR Defaults
dollars in millionsThree Months Ended September 30,
20222021
TDR Defaults$2 $1 
Nine Months Ended September 30,
20222021
TDR Defaults$4 $5 
Schedule of Loans Pledged as Collateral
The following table provides information regarding loans pledged as collateral for borrowing capacity through the FHLB of Atlanta and the Federal Reserve Bank (“FRB”) as of September 30, 2022 and December 31, 2021:

Loans Pledged
dollars in millionsSeptember 30, 2022December 31, 2021
FHLB of Atlanta
Lendable collateral value of pledged non-PCD loans$14,390 $9,564 
Less: Advances5,800 645 
Less: Letters of Credit1,450 — 
Available borrowing capacity$7,140 $8,919 
Pledged non-PCD loans (contractual balance)$21,093 $14,507 
FRB
Lendable collateral value of pledged non-PCD loans$4,464 $3,951 
Less: Advances— — 
Available borrowing capacity$4,464 $3,951 
Pledged non-PCD loans (contractual balance)$5,533 $4,806