XML 62 R24.htm IDEA: XBRL DOCUMENT v2.4.0.8
Loans and Allowance for Loan Losses (Tables)
 6 Months Ended
Jun. 30, 2014
Loans and Allowance for Loan Losses  
Summary of Loans
(Dollars in millions)   June 30,
2014		   December 31,
2013		  

Loans held for investment:

              

Commercial and industrial

   $ 25,162   $ 23,528  

Commercial mortgage

     13,549     13,092  

Construction

     1,248     905  

Lease financing

     829     854  
           
​ ​ ​ ​ ​ ​ ​ ​

Total commercial portfolio

     40,788     38,379  
           
​ ​ ​ ​ ​ ​ ​ ​

Residential mortgage

     27,619     25,547  

Home equity and other consumer loans

     3,178     3,280  
           
​ ​ ​ ​ ​ ​ ​ ​

Total consumer portfolio

     30,797     28,827  
           
​ ​ ​ ​ ​ ​ ​ ​

Total loans held for investment, before purchased credit-impaired loans

     71,585     67,206  

Purchased credit-impaired loans(1)

     784     1,106  
           
​ ​ ​ ​ ​ ​ ​ ​

Total loans held for investment(2)

     72,369     68,312  

Allowance for loan losses

     (559 )   (568 )
           
​ ​ ​ ​ ​ ​ ​ ​

Loans held for investment, net

   $ 71,810   $ 67,744  
           
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
           
(1)
Includes $199 million and $251 million as of June 30, 2014 and December 31, 2013, respectively, of loans for which the Company will be reimbursed a substantial portion of any future losses under the terms of the FDIC loss share agreements. Of these FDIC covered loans, $16 million and $15 million as of June 30, 2014 and December 31, 2013, respectively, were not accounted for under accounting guidance for loans acquired with deteriorated credit quality.
(2)
Includes $130 million and $88 million at June 30, 2014 and December 31, 2013, respectively, for net unamortized discounts and premiums and deferred fees and costs.
Reconciliation of Changes in Allowance for Loan Losses by Portfolio Segment
  For the Three Months Ended June 30, 2014  
(Dollars in millions)   Commercial   Consumer   Purchased
Credit-
Impaired		   Unallocated   Total  

Allowance for loan losses, beginning of period

   $ 479   $ 55   $ 3   $ 20   $ 557  

(Reversal of) provision for loan losses

     7     (3 )   —     5     9  

Loans charged-off

     (8 )   (4 )   —     —     (12 )

Recoveries of loans previously charged-off

     4     1     —     —     5  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Allowance for loan losses, end of period

   $ 482   $ 49   $ 3   $ 25   $ 559  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       


 

 
   For the Three Months Ended June 30, 2013  
(Dollars in millions)   Commercial   Consumer   Purchased
Credit-
Impaired		   Unallocated   Total  

Allowance for loan losses, beginning of period

   $ 486   $ 113   $ 1   $ 38   $ 638  

(Reversal of) provision for loan losses

     (3 )   —     —     —     (3 )

Decrease in allowance covered by FDIC indemnification

     —     —     (2 )   —     (2 )

Loans charged-off

     (12 )   (8 )   —     —     (20 )

Recoveries of loans previously charged-off

     9     1     2     —     12  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Allowance for loan losses, end of period

   $ 480   $ 106   $ 1   $ 38   $ 625  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       


 

 
   For the Six Months Ended June 30, 2014  
(Dollars in millions)   Commercial   Consumer   Purchased
Credit-
Impaired		   Unallocated   Total  

Allowance for loan losses, beginning of period

   $ 421   $ 69   $ 1   $ 77   $ 568  

(Reversal of) provision for loan losses

     58     (15 )   —     (52 )   (9 )

Provision for purchased credit-impaired loan losses not subject to FDIC indemnification

     —     —     2     —     2  

Other

     (1 )   —     —     —     (1 )

Loans charged-off

     (14 )   (7 )   —     —     (21 )

Recoveries of loans previously charged-off

     18     2     —     —     20  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Allowance for loan losses, end of period

   $ 482   $ 49   $ 3   $ 25   $ 559  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       


 

 
   For the Six Months Ended June 30, 2013  
(Dollars in millions)   Commercial   Consumer   Purchased
Credit-
Impaired		   Unallocated   Total  

Allowance for loan losses, beginning of period

   $ 418   $ 124   $ 1   $ 110   $ 653  

(Reversal of) provision for loan losses

     65     1     —     (72 )   (6 )

Loans charged-off

     (15 )   (21 )   (3 )   —     (39 )

Recoveries of loans previously charged-off

     12     2     3     —     17  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Allowance for loan losses, end of period

   $ 480   $ 106   $ 1   $ 38   $ 625  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       
Allowance for Loan Losses and Related Loan Balances by Portfolio Segment
  June 30, 2014  
(Dollars in millions)   Commercial   Consumer   Purchased
Credit-
Impaired		   Unallocated   Total  

Allowance for loan losses:

                                

Individually evaluated for impairment

   $ 43   $ 20   $ —   $ —   $ 63  

Collectively evaluated for impairment

     439     29     —     25     493  

Purchased credit-impaired loans

     —     —     3     —     3  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total allowance for loan losses

   $ 482   $ 49   $ 3   $ 25   $ 559  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

Loans held for investment:

                                

Individually evaluated for impairment

   $ 284   $ 334   $ 2   $ —   $ 620  

Collectively evaluated for impairment

     40,504     30,463     —     —     70,967  

Purchased credit-impaired loans

     —     —     782     —     782  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total loans held for investment

   $ 40,788   $ 30,797   $ 784   $ —   $ 72,369  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       


 
   December 31, 2013  
(Dollars in millions)   Commercial   Consumer   Purchased
Credit-
Impaired		   Unallocated   Total  

Allowance for loan losses:

                                

Individually evaluated for impairment

   $ 19   $ 20   $ —   $ —   $ 39  

Collectively evaluated for impairment

     402     49     —     77     528  

Purchased credit-impaired loans

     —     —     1     —     1  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total allowance for loan losses

   $ 421   $ 69   $ 1   $ 77   $ 568  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

Loans held for investment:

                                

Individually evaluated for impairment

   $ 266   $ 339   $ 3   $ —   $ 608  

Collectively evaluated for impairment

     38,113     28,488     —     —     66,601  

Purchased credit-impaired loans

     —     —     1,103     —     1,103  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total loans held for investment

   $ 38,379   $ 28,827   $ 1,106   $ —   $ 68,312  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       
Summary of Nonaccrual Loans

 

 

(Dollars in millions)   June 30,
2014		   December 31,
2013		  

Commercial and industrial

   $ 161   $ 44  

Commercial mortgage

     47     51  
           
​ ​ ​ ​ ​ ​ ​ ​

Total commercial portfolio

     208     95  
           
​ ​ ​ ​ ​ ​ ​ ​

Residential mortgage

     243     286  

Home equity and other consumer loans

     46     46  
           
​ ​ ​ ​ ​ ​ ​ ​

Total consumer portfolio

     289     332  
           
​ ​ ​ ​ ​ ​ ​ ​

Total nonaccrual loans, before purchased credit-impaired loans

     497     427  

Purchased credit-impaired loans

     17     15  
           
​ ​ ​ ​ ​ ​ ​ ​

Total nonaccrual loans

   $ 514   $ 442  
           
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
           

Troubled debt restructured loans that continue to accrue interest

   $ 297   $ 367  
           
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
           

Troubled debt restructured nonaccrual loans (included in the total nonaccrual loans above)

   $ 248   $ 225  
           
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
           
Aging of Balance of Loans Held for Investment, Excluding Purchased Credit-Impaired Loans
  June 30, 2014  
 
   Aging Analysis of Loans  
(Dollars in millions)   Current   30 to 89
Days Past
Due		   90 Days
or More
Past Due		   Total Past
Due		   Total  

Commercial and industrial

   $ 25,946   $ 33   $ 12   $ 45   $ 25,991  

Commercial mortgage

     13,444     98     7     105     13,549  

Construction

     1,248     —     —     —     1,248  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total commercial portfolio

     40,638     131     19     150     40,788  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Residential mortgage

     27,419     120     80     200     27,619  

Home equity and other consumer loans

     3,144     17     17     34     3,178  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total consumer portfolio

     30,563     137     97     234     30,797  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total loans held for investment, excluding purchased credit-impaired loans

   $ 71,201   $ 268   $ 116   $ 384   $ 71,585  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

 
   December 31, 2013  
 
   Aging Analysis of Loans  
(Dollars in millions)   Current   30 to 89
Days Past
Due		   90 Days
or More
Past Due		   Total Past
Due		   Total  

Commercial and industrial

   $ 24,310   $ 66   $ 6   $ 72   $ 24,382  

Commercial mortgage

     13,004     68     20     88     13,092  

Construction

     891     14     —     14     905  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total commercial portfolio

     38,205     148     26     174     38,379  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Residential mortgage

     25,342     114     91     205     25,547  

Home equity and other consumer loans

     3,238     23     19     42     3,280  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total consumer portfolio

     28,580     137     110     247     28,827  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total loans held for investment, excluding purchased credit-impaired loans

   $ 66,785   $ 285   $ 136   $ 421   $ 67,206  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       
Loans in Commercial Portfolio Segment and Commercial Loans within Purchased Credit-Impaired Loans Segment Monitored for Credit Quality Based on Internal Ratings
  June 30, 2014  
(Dollars in millions)   Pass   Special Mention   Classified   Total  

Commercial and industrial

   $ 24,701   $ 603   $ 439   $ 25,743  

Construction

     1,254     9     —     1,263  

Commercial mortgage

     12,975     182     217     13,374  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total commercial portfolio

     38,930     794     656     40,380  

Purchased credit-impaired loans

     49     127     187     363  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total

   $ 38,979   $ 921   $ 843   $ 40,743  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   


 

 
   December 31, 2013  
(Dollars in millions)   Pass   Special Mention   Classified   Total  

Commercial and industrial

   $ 23,346   $ 576   $ 313   $ 24,235  

Construction

     879     14     —     893  

Commercial mortgage

     12,562     142     228     12,932  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total commercial portfolio

     36,787     732     541     38,060  

Purchased credit-impaired loans

     48     204     362     614  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total

   $ 36,835   $ 936   $ 903   $ 38,674  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   
Loans in Consumer Portfolio an Purchased credit-impaired loans
  June 30, 2014  
(Dollars in millions)   Accrual   Nonaccrual   Total  

Residential mortgage

   $ 27,376   $ 243   $ 27,619  

Home equity and other consumer loans

     3,132     46     3,178  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total consumer portfolio

     30,508     289     30,797  

Purchased credit-impaired loans

     222     —     222  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total

   $ 30,730   $ 289   $ 31,019  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               


 

 
   December 31, 2013  
(Dollars in millions)   Accrual   Nonaccrual   Total  

Residential mortgage

   $ 25,261   $ 286   $ 25,547  

Home equity and other consumer loans

     3,234     46     3,280  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total consumer portfolio

     28,495     332     28,827  

Purchased credit-impaired loans

     242     —     242  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total

   $ 28,737   $ 332   $ 29,069  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               
Loans in Consumer Portfolio Segment and Consumer Loans within Purchased Credit-Impaired Loans Segment Monitored for Credit Quality Based on Refreshed FICO Scores and Refreshed LTV ratios
  June 30, 2014  
 
   FICO scores  
(Dollars in millions)   720 and above   Below 720   No FICO
Available(1)		   Total  

Residential mortgage

   $ 21,339   $ 5,554   $ 515   $ 27,408  

Home equity and other consumer loans

     2,248     790     80     3,118  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total consumer portfolio

     23,587     6,344     595     30,526  

Purchased credit-impaired loans

     87     123     12     222  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total

   $ 23,674   $ 6,467   $ 607   $ 30,748  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   

Percentage of total

     77 %   21 %   2 %   100 %


 

 
   December 31, 2013  
 
   FICO scores  
(Dollars in millions)   720 and above   Below 720   No FICO
Available(1)		   Total  

Residential mortgage

   $ 19,614   $ 5,301   $ 459   $ 25,374  

Home equity and other consumer loans

     2,283     839     81     3,203  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total consumer portfolio

     21,897     6,140     540     28,577  

Purchased credit-impaired loans

     94     135     15     244  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total

   $ 21,991   $ 6,275   $ 555   $ 28,821  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   

Percentage of total

     76 %   22 %   2 %   100 %
(1)
Represents loans for which management was not able to obtain an updated FICO score (e.g., due to recent profile changes).

 
   June 30, 2014  
 
   LTV ratios  
(Dollars in millions)   Less than
80 Percent		   80-100 Percent   Greater than
100 Percent		   No LTV
Available(1)		   Total  

Residential mortgage

   $ 25,486   $ 1,733   $ 134   $ 55   $ 27,408  

Home equity loans

     2,445     299     149     51     2,944  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total consumer portfolio

     27,931     2,032     283     106     30,352  

Purchased credit-impaired loans

     150     50     20     —     220  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total

   $ 28,081   $ 2,082   $ 303   $ 106   $ 30,572  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

Percentage of total

     92 %   7 %   1 %   — %   100 %


 

 
   December 31, 2013  
 
   LTV ratios  
(Dollars in millions)   Less than
80 Percent		   80-100 Percent   Greater than
100 Percent		   No LTV
Available(1)		   Total  

Residential mortgage

   $ 23,209   $ 1,884   $ 228   $ 53   $ 25,374  

Home equity loans

     2,487     362     202     52     3,103  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total consumer portfolio

     25,696     2,246     430     105     28,477  

Purchased credit-impaired loans

     152     57     31     —     240  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total

   $ 25,848   $ 2,303   $ 461   $ 105   $ 28,717  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

Percentage of total

     90 %   8 %   2 %   — %   100 %
(1)
Represents loans for which management was not able to obtain refreshed property values.
Summary of Troubled Debt Restructurings

 

 

(Dollars in millions)   June 30,
2014		   December 31,
2013		  

Commercial and industrial

   $ 173   $ 212  

Commercial mortgage

     36     38  
           
​ ​ ​ ​ ​ ​ ​ ​

Total commercial portfolio

     209     250  
           
​ ​ ​ ​ ​ ​ ​ ​

Residential mortgage

     308     315  

Home equity and other consumer loans

     26     24  
           
​ ​ ​ ​ ​ ​ ​ ​

Total consumer portfolio

     334     339  
           
​ ​ ​ ​ ​ ​ ​ ​

Total restructured loans, excluding purchased credit-impaired loans(1)

   $ 543   $ 589  
           
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
           
(1)
Amounts exclude $2 million and $3 million of TDRs covered by FDIC loss share agreements at June 30, 2014 and December 31, 2013, respectively.
Pre- and Post-Modification Outstanding Recorded Investment Amounts of Troubled Debt Restructurings

 

 

 
   For the Three Months Ended
June 30, 2014		   For the Six Months Ended
June 30, 2014		  
(Dollars in millions)   Pre-Modification
Outstanding Recorded
Investment(1)		   Post-Modification
Outstanding Recorded
Investment(2)		   Pre-Modification
Outstanding Recorded
Investment(1)		   Post-Modification
Outstanding Recorded
Investment(2)		  

Commercial and industrial

   $ 76   $ 76   $ 80   $ 80  

Commercial mortgage

     7     7     18     18  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total commercial portfolio

     83     83     98     98  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Residential mortgage

     4     4     10     9  

Home equity and other consumer loans

     2     2     4     4  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total consumer portfolio

     6     6     14     13  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total

   $ 89   $ 89   $ 112   $ 111  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   
(1)
Represents the recorded investment in the loan immediately prior to the restructuring event.
(2)
Represents the recorded investment in the loan immediately following the restructuring event. It includes the effect of paydowns that were required as part of the restructuring terms.

 
   For the Three Months Ended
June 30, 2013		   For the Six Months Ended
June 30, 2013		  
(Dollars in millions)   Pre-Modification
Outstanding Recorded
Investment(1)		   Post-Modification
Outstanding Recorded
Investment(2)		   Pre-Modification
Outstanding Recorded
Investment(1)		   Post-Modification
Outstanding Recorded
Investment(2)		  

Commercial and industrial

   $ 49   $ 47   $ 125   $ 121  

Commercial mortgage

     4     4     15     15  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total commercial portfolio

     53     51     140     136  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Residential mortgage

     30     30     55     54  

Home equity and other consumer loans

     3     2     4     3  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total consumer portfolio

     33     32     59     57  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total

   $ 86   $ 83   $ 199   $ 193  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   
(1)
Represents the recorded investment in the loan immediately prior to the restructuring event.
(2)
Represents the recorded investment in the loan immediately following the restructuring event. It includes the effect of paydowns that were required as part of the restructuring terms.
Recorded Investment Amounts of Troubled Debt Restructurings
(Dollars in millions)   For the Three
Months Ended
June 30,
2014		   For the Six
Months Ended
June 30,
2014		  

Commercial and industrial

   $ 6   $ 6  

Commercial mortgage

     3     3  
           
​ ​ ​ ​ ​ ​ ​ ​

Total commercial portfolio

     9     9  
           
​ ​ ​ ​ ​ ​ ​ ​

Residential mortgage

     2     4  

Home equity and other consumer loans

     —     1  
           
​ ​ ​ ​ ​ ​ ​ ​

Total consumer portfolio

     2     5  
           
​ ​ ​ ​ ​ ​ ​ ​

Total

   $ 11   $ 14  
           
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
           


 

(Dollars in millions)   For the Three
Months Ended
June 30,
2013		   For the Six
Months Ended
June 30,
2013		  

Commercial and industrial

   $ 3   $ 8  
           
​ ​ ​ ​ ​ ​ ​ ​

Total commercial portfolio

     3     8  
           
​ ​ ​ ​ ​ ​ ​ ​

Residential mortgage

     7     9  

Home equity and other consumer loans

     1     1  
           
​ ​ ​ ​ ​ ​ ​ ​

Total consumer portfolio

     8     10  
           
​ ​ ​ ​ ​ ​ ​ ​

Total

   $ 11   $ 18  
           
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
           
Information about Impaired Loans by Class

 

 

 
   June 30, 2014  
 
   Recorded Investment    
   Unpaid Principal Balance  
(Dollars in millions)   With an
Allowance		   Without an
Allowance		   Total   Allowance
for Impaired
Loans		   With an
Allowance		   Without an
Allowance		  

Commercial and industrial

   $ 242   $ 4   $ 246   $ 40   $ 250   $ 7  

Commercial mortgage

     31     7     38     3     35     9  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total commercial portfolio

     273     11     284     43     285     16  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Residential mortgage

     215     93     308     20     231     107  

Home equity and other consumer loans

     5     21     26     —     6     35  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total consumer portfolio

     220     114     334     20     237     142  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total, excluding purchased credit-impaired loans

     493     125     618     63     522     158  

Purchased credit-impaired loans

     2     —     2     —     2     1  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total

   $ 495   $ 125   $ 620   $ 63   $ 524   $ 159  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                           


 

 
   December 31, 2013  
 
   Recorded Investment    
   Unpaid Principal Balance  
(Dollars in millions)   With an
Allowance		   Without an
Allowance		   Total   Allowance
for Impaired
Loans		   With an
Allowance		   Without an
Allowance		  

Commercial and industrial

   $ 117   $ 104   $ 221   $ 16   $ 121   $ 114  

Commercial mortgage

     33     12     45     3     36     15  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total commercial portfolio

     150     116     266     19     157     129  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Residential mortgage

     220     95     315     20     236     108  

Home equity and other consumer loans

     4     20     24     —     4     34  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total consumer portfolio

     224     115     339     20     240     142  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total, excluding purchased credit-impaired loans

     374     231     605     39     397     271  

Purchased credit-impaired loans

     2     1     3     —     2     6  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total

   $ 376   $ 232   $ 608   $ 39   $ 399   $ 277  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                           
Average Investment in Impaired Loans and Interest Income Recognized for Impaired Loans
  For the Three Months Ended June 30,   For the Six Months Ended June 30,  
 
   2014   2013   2014   2013  
(Dollars in millions)   Average
Recorded
Investment		   Recognized
Interest
Income		   Average
Recorded
Investment		   Recognized
Interest
Income		   Average
Recorded
Investment		   Recognized
Interest
Income		   Average
Recorded
Investment		   Recognized
Interest
Income		  

Commercial and industrial

   $ 219   $ 1   $ 265   $ 5   $ 219   $ 4   $ 250   $ 8  

Commercial mortgage

     35     —     53     1     37     2     60     1  

Construction

     —     1     2     —     —     1     13     —  
                                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total commercial portfolio

     254     2     320     6     256     7     323     9  
                                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Residential mortgage

     310     3     288     2     312     6     282     5  

Home equity and other consumer loans

     26     —     22     1     25     1     21     1  
                                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total consumer portfolio

     336     3     310     3     337     7     303     6  
                                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total, excluding purchased credit-impaired loans

     590     5     630     9     593     14     626     15  

Purchased credit-impaired loans

     2     —     4     —     2     —     4     —  
                                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total

   $ 592   $ 5   $ 634   $ 9   $ 595   $ 14   $ 630   $ 15  
                                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                                   
Outstanding Balances and Carrying Amounts of Purchased Credit-Impaired Loans
(Dollars in millions)   June 30,
2014		   December 31,
2013		  

Total outstanding balance

   $ 1,196   $ 1,733  
           
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
           

Carrying amount

   $ 768   $ 1,091  
           
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
           
Changes in Accretable Balance for Purchased Credit-Impaired Loans

  For the Three
Months Ended
June 30,		   For the Six
Months Ended
June 30,		  
(Dollars in millions)   2014   2013   2014   2013  

Accretable yield, beginning of period

   $ 382   $ 501   $ 378   $ 590  

Additions

     —     31     —     31  

Accretion

     (118 )   (81 )   (178 )   (160 )

Reclassifications from nonaccretable difference during the period

     83     28     147     18  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Accretable yield, end of period

   $ 347   $ 479   $ 347   $ 479  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​