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Loans and Allowance for Loan Losses (Tables)

6 Months Ended

Jun. 30, 2021

Loans and Allowance for Loan Losses [Abstract]

Schedule of Current, Accruing Past Due, and Non-accrual Loans

The following tables provide a summary of current, accruing past due, and non-accrual loans by portfolio class as of June 30, 2021 and December 31, 2020.


	June 30, 2021
(in thousands)	Current		Accruing 30-89 Days Past Due		Accruing 90 Days or Greater Past Due		Total Accruing Past Due		Non-accrual with an ALL		Non-accrual without an ALL		Total
Commercial, financial and agricultural	$	12,002,589	$	11,161	$	841	$	12,002	$	49,197	$	21,746	$	12,085,534
Owner-occupied	7,048,621		1,987		836		2,823		13,155		—		7,064,599
Total commercial and industrial	19,051,210		13,148		1,677		14,825		62,352		21,746		19,150,133
Investment properties	9,205,776		7,461		2		7,463		2,367		2,407		9,218,013
1-4 family properties	632,412		1,076		381		1,457		1,982		493		636,344
Land and development	504,270		263		121		384		2,040		—		506,694
Total commercial real estate	10,342,458		8,800		504		9,304		6,389		2,900		10,361,051
Consumer mortgages	5,144,394		4,992		—		4,992		51,376		—		5,200,762
Home equity lines	1,346,562		2,711		—		2,711		8,938		—		1,358,211
Credit cards	282,361		1,524		1,623		3,147		—		—		285,508
Other consumer loans	1,858,684		13,731		611		14,342		7,327		—		1,880,353
Total consumer	8,632,001		22,958		2,234		25,192		67,641		—		8,724,834
Loans, net of deferred fees and costs	$	38,025,669	$	44,906	$	4,415	$	49,321	$	136,382	$	24,646	$	38,236,018


	December 31, 2020
(in thousands)	Current		Accruing 30-89 Days Past Due		Accruing 90 Days or Greater Past Due		Total Accruing Past Due		Non-accrual with an ALL		Non-accrual without an ALL		Total
Commercial, financial and agricultural	$	12,321,514	$	10,256	$	996	$	11,252	$	55,527	$	21,859	$	12,410,152
Owner-occupied	7,087,992		1,913		92		2,005		20,019		—		7,110,016
Total commercial and industrial	19,409,506		12,169		1,088		13,257		75,546		21,859		19,520,168
Investment properties	9,075,843		2,751		154		2,905		24,631		—		9,103,379
1-4 family properties	621,492		3,548		36		3,584		2,383		1,236		628,695
Land and development	591,048		422		—		422		1,899		264		593,633
Total commercial real estate	10,288,383		6,721		190		6,911		28,913		1,500		10,325,707
Consumer mortgages	5,495,415		8,851		485		9,336		8,740		—		5,513,491
Home equity lines	1,521,575		4,006		—		4,006		12,145		—		1,537,726
Credit cards	276,778		2,363		1,877		4,240		—		—		281,018
Other consumer loans	1,062,899		9,122		477		9,599		2,376		—		1,074,874
Total consumer	8,356,667		24,342		2,839		27,181		23,261		—		8,407,109
Loans, net of deferred fees and costs	$	38,054,556	$	43,232	$	4,117	$	47,349	$	127,720	$	23,359	$	38,252,984

Loan Portfolio Credit Exposure

The following tables summarize each loan portfolio class by risk grade and origination year as of June 30, 2021 and December 31, 2020 as required under CECL.


	June 30, 2021
	Term Loans Amortized Cost Basis by Origination Year												Revolving Loans
(in thousands)	2021		2020		2019		2018		2017		Prior		Amortized Cost Basis		Converted to Term Loans		Total
Commercial, financial and agricultural
Pass	$	1,515,420	$	2,149,994	$	1,144,130	$	755,925	$	519,704	$	1,118,928	$	4,332,632	$	44,177	$	11,580,910
Special Mention	1,482		67,377		46,077		11,516		17,074		3,424		78,717		440		226,107
Substandard(1)	7,706		58,956		37,439		12,201		20,766		39,323		82,883		2,085		261,359
Doubtful(2)	449		512		2,776		13,132		—		—		289		—		17,158
Total commercial, financial and agricultural	1,525,057		2,276,839		1,230,422		792,774		557,544		1,161,675		4,494,521		46,702		12,085,534
Owner-occupied
Pass	667,812		1,293,871		1,226,446		1,041,975		829,705		1,403,658		387,603		—		6,851,070
Special Mention	680		4,294		11,397		16,291		3,326		22,395		8,180		—		66,563
Substandard(1)	721		3,546		26,400		51,240		28,277		30,440		—		—		140,624
Doubtful(2)	—		—		—		6,342		—		—		—		—		6,342
Total owner-occupied	669,213		1,301,711		1,264,243		1,115,848		861,308		1,456,493		395,783		—		7,064,599
Total commercial and industrial	2,194,270		3,578,550		2,494,665		1,908,622		1,418,852		2,618,168		4,890,304		46,702		19,150,133
Investment properties
Pass	637,057		1,342,718		2,226,278		1,507,075		872,163		1,606,709		289,261		—		8,481,261
Special Mention	—		1,032		80,673		152,823		107,557		207,195		57,204		—		606,484
Substandard(1)	7,435		334		9,843		56,177		18,136		38,203		140		—		130,268
Total investment properties	644,492		1,344,084		2,316,794		1,716,075		997,856		1,852,107		346,605		—		9,218,013
1-4 family properties
Pass	157,416		136,528		66,762		55,745		70,774		88,755		48,205		—		624,185
Special Mention	491		158		—		365		—		248		—		—		1,262
Substandard(1)	1,745		108		437		4,723		926		2,360		598		—		10,897
Total 1-4 family properties	159,652		136,794		67,199		60,833		71,700		91,363		48,803		—		636,344


	June 30, 2021
	Term Loans Amortized Cost Basis by Origination Year												Revolving Loans
(in thousands)	2021		2020		2019		2018		2017		Prior		Amortized Cost Basis		Converted to Term Loans		Total
Land and development
Pass	57,117		67,046		120,637		74,328		64,803		72,639		35,548		—		492,118
Special Mention	—		834		1,948		2,369		24		997		—		—		6,172
Substandard(1)	—		1,233		48		3,231		881		3,011		—		—		8,404
Total land and development	57,117		69,113		122,633		79,928		65,708		76,647		35,548		—		506,694
Total commercial real estate	861,261		1,549,991		2,506,626		1,856,836		1,135,264		2,020,117		430,956		—		10,361,051
Consumer mortgages
Pass	624,582		1,735,940		730,083		303,577		517,050		1,227,662		965		—		5,139,859
Substandard(1)	203		148		2,114		14,037		5,757		38,421		—		—		60,680
Loss(3)	—		—		—		—		—		223		—		—		223
Total consumer mortgages	624,785		1,736,088		732,197		317,614		522,807		1,266,306		965		—		5,200,762
Home equity lines
Pass	—		—		—		—		—		—		1,264,828		77,373		1,342,201
Substandard(1)	—		—		—		—		—		—		9,708		5,376		15,084
Doubtful(2)	—		—		—		—		—		—		—		18		18
Loss(3)	—		—		—		—		—		—		766		142		908
Total home equity lines	—		—		—		—		—		—		1,275,302		82,909		1,358,211
Credit cards
Pass	—		—		—		—		—		—		283,887		—		283,887
Substandard(1)	—		—		—		—		—		—		409		—		409
Loss(4)	—		—		—		—		—		—		1,212		—		1,212
Total credit cards	—		—		—		—		—		—		285,508		—		285,508
Other consumer loans
Pass	220,495		873,734		182,445		68,046		80,624		118,009		328,734		—		1,872,087
Substandard(1)	213		552		2,232		1,483		2,774		766		234		—		8,254
Loss(4)	—		—		—		—		—		12		—		—		12
Total other consumer loans	220,708		874,286		184,677		69,529		83,398		118,787		328,968		—		1,880,353
Total consumer	845,493		2,610,374		916,874		387,143		606,205		1,385,093		1,890,743		82,909		8,724,834
Loans, net of deferred fees and costs	$	3,901,024	$	7,738,915	$	5,918,165	$	4,152,601	$	3,160,321	$	6,023,378	$	7,212,003	$	129,611	$	38,236,018

(1) The majority of loans within Substandard risk grade are accruing loans at June 30, 2021.

(2) Loans within Doubtful risk grade are on non-accrual status and generally have an ALL equal to 50% of the loan amount.

(3) Loans within Loss risk grade are on non-accrual status and have an ALL equal to the full loan amount.

(4) Represent amounts that were 120 days past due. These credits are downgraded to the Loss category with an ALL equal to the full loan amount and are generally charged off upon reaching 181 days past due in accordance with the FFIEC Retail Credit Classification Policy.


	December 31, 2020
	Term Loans Amortized Cost Basis by Origination Year												Revolving Loans
(in thousands)	2020		2019		2018		2017		2016		Prior		Amortized Cost Basis		Converted to Term Loans		Total
Commercial, financial and agricultural
Pass	$	3,819,048	$	1,333,460	$	847,283	$	582,612	$	551,413	$	633,871	$	4,102,751	$	49,762	$	11,920,200
Special Mention	63,307		40,618		12,723		22,070		1,665		5,545		60,741		489		207,158
Substandard(1)	28,698		36,618		24,867		36,072		12,808		35,172		84,498		514		259,247
Doubtful(2)	—		3,721		19,778		—		—		—		48		—		23,547
Total commercial, financial and agricultural	3,911,053		1,414,417		904,651		640,754		565,886		674,588		4,248,038		50,765		12,410,152
Owner-occupied
Pass	1,321,680		1,275,435		1,131,183		982,056		555,932		1,297,070		349,566		—		6,912,922
Special Mention	6,170		9,995		10,682		14,138		1,582		13,768		—		—		56,335
Substandard(1)	2,570		22,793		42,615		26,033		7,316		29,794		—		—		131,121
Doubtful(2)	—		—		9,638		—		—		—		—		—		9,638
Total owner-occupied	1,330,420		1,308,223		1,194,118		1,022,227		564,830		1,340,632		349,566		—		7,110,016
Total commercial and industrial	5,241,473		2,722,640		2,098,769		1,662,981		1,130,716		2,015,220		4,597,604		50,765		19,520,168
Investment properties
Pass	1,055,440		2,126,667		1,999,345		1,091,880		483,780		1,301,088		229,044		—		8,287,244
Special Mention	1,482		66,160		176,794		136,004		138,362		129,401		55,440		—		703,643
Substandard(1)	1,007		4,770		24,476		19,820		21,875		40,509		35		—		112,492
Total investment properties	1,057,929		2,197,597		2,200,615		1,247,704		644,017		1,470,998		284,519		—		9,103,379
1-4 family properties
Pass	197,320		95,145		70,267		88,454		38,729		97,374		27,657		—		614,946
Special Mention	402		—		508		109		786		118		—		—		1,923
Substandard(1)	1,527		653		4,312		1,141		554		2,299		1,340		—		11,826
Total 1-4 family properties	199,249		95,798		75,087		89,704		40,069		99,791		28,997		—		628,695
Land and development
Pass	84,985		173,302		83,734		92,911		12,249		76,380		53,250		—		576,811
Special Mention	857		1,995		2,866		282		—		1,332		636		—		7,968
Substandard(1)	1,229		425		4,664		915		136		1,485		—		—		8,854
Total land and development	87,071		175,722		91,264		94,108		12,385		79,197		53,886		—		593,633
Total commercial real estate	1,344,249		2,469,117		2,366,966		1,431,516		696,471		1,649,986		367,402		—		10,325,707


	December 31, 2020
	Term Loans Amortized Cost Basis by Origination Year												Revolving Loans
(in thousands)	2020		2019		2018		2017		2016		Prior		Amortized Cost Basis		Converted to Term Loans		Total
Consumer mortgages
Pass	1,871,512		874,769		425,711		678,255		685,810		965,382		1,040		—		5,502,479
Substandard(1)	33		961		748		889		866		7,224		—		—		10,721
Loss(3)	—		—		—		—		—		291		—		—		291
Total consumer mortgages	1,871,545		875,730		426,459		679,144		686,676		972,897		1,040		—		5,513,491
Home equity lines
Pass	—		—		—		—		—		—		1,429,755		90,832		1,520,587
Substandard(1)	—		—		—		—		—		—		9,698		5,996		15,694
Doubtful(2)	—		—		—		—		—		—		—		19		19
Loss(3)	—		—		—		—		—		—		1,283		143		1,426
Total home equity lines	—		—		—		—		—		—		1,440,736		96,990		1,537,726
Credit cards
Pass	—		—		—		—		—		—		279,142		—		279,142
Substandard(1)	—		—		—		—		—		—		595		—		595
Loss(4)	—		—		—		—		—		—		1,281		—		1,281
Total credit cards	—		—		—		—		—		—		281,018		—		281,018
Other consumer loans
Pass	252,160		190,820		89,187		100,459		80,365		61,040		297,637		—		1,071,668
Substandard(1)	19		762		262		1,195		121		585		227		—		3,171
Loss(4)	—		—		—		—		—		35		—		—		35
Total other consumer loans	252,179		191,582		89,449		101,654		80,486		61,660		297,864		—		1,074,874
Total consumer	2,123,724		1,067,312		515,908		780,798		767,162		1,034,557		2,020,658		96,990		8,407,109
Loans, net of deferred fees and costs	$	8,709,446	$	6,259,069	$	4,981,643	$	3,875,295	$	2,594,349	$	4,699,763	$	6,985,664	$	147,755	$	38,252,984

(1) The majority of loans within Substandard risk grade are accruing loans at December 31, 2020.

(2) Loans within Doubtful risk grade are on non-accrual status and generally have an ALL equal to 50% of the loan amount.

(3) Loans within Loss risk grade are on non-accrual status and have an ALL equal to the full loan amount.

Financing Receivable, Allowance for Credit Loss

Rollforward of Allowance for Loan Losses

The following tables detail the changes in the ALL by loan segment for the three and six months ended June 30, 2021 and 2020.


	As Of and For the Three Months Ended June 30, 2021
(in thousands)	Commercial & Industrial		Commercial Real Estate		Consumer		Total
Allowance for loan losses:
Beginning balance at March 31, 2021	$	254,777	$	113,812	$	194,625	$	563,214
Charge-offs	(18,729)		(3,839)		(8,285)		(30,853)
Recoveries	1,495		377		2,435		4,307
(Reversal of) provision for loan losses	17,395		(18,237)		(19,118)		(19,960)
Ending balance at June 30, 2021	$	254,938	$	92,113	$	169,657	$	516,708

	As Of and For the Three Months Ended June 30, 2020
(in thousands)	Commercial & Industrial		Commercial Real Estate		Consumer		Total
Allowance for loan losses:
Beginning balance at March 31, 2020	$	216,950	$	107,117	$	169,385	$	493,452
Charge-offs	(23,245)		(689)		(6,844)		(30,778)
Recoveries	3,261		536		2,935		6,732
Provision for loan losses	32,949		64,562		21,731		119,242
Ending balance at June 30, 2020	$	229,915	$	171,526	$	187,207	$	588,648

	As Of and For the Six Months Ended June 30, 2021
(in thousands)	Commercial & Industrial		Commercial Real Estate		Consumer		Total
Allowance for loan losses:
Beginning balance at December 31, 2020	$	229,555	$	130,742	$	245,439	$	605,736
Charge-offs	(28,146)		(14,158)		(13,874)		(56,178)
Recoveries	4,267		1,403		3,758		9,428
(Reversal of) provision for loan losses	49,262		(25,874)		(65,666)		(42,278)
Ending balance at June 30, 2021	$	254,938	$	92,113	$	169,657	$	516,708

	As Of and For the Six Months Ended June 30, 2020
(in thousands)	Commercial & Industrial		Commercial Real Estate		Consumer		Total
Allowance for loan losses:
Beginning balance at December 31, 2019	$	145,782	$	67,430	$	68,190	$	281,402
Impact from adoption of ASC 326	(2,310)		(651)		85,955		82,994
Beginning balance, after adoption of ASC 326, at January 1, 2020	$	143,472	$	66,779	$	154,145	$	364,396
Charge-offs	(38,130)		(1,706)		(14,816)		(54,652)
Recoveries	5,002		935		4,608		10,545
Provision for loan losses	119,571		105,518		43,270		268,359
Ending balance at June 30, 2020	$	229,915	$	171,526	$	187,207	$	588,648

Troubled Debt Restructurings

Information about Synovus' TDRs is presented in the following tables. Synovus began entering into loan modifications with borrowers in response to the COVID-19 pandemic, some of which have not been classified as TDRs, and therefore are not included in the discussion below. See "Part II - Item 8. Financial Statements and Supplementary Data - Note 1 - Summary of Significant Accounting Policies" in Synovus' 2020 Form 10-K for information on Synovus' loan modifications due to COVID-19. The following tables represent, by concession type, the post-modification balance for loans modified or renewed during the three and six months ended June 30, 2021 and 2020 that were reported as accruing or non-accruing TDRs.


TDRs by Concession Type
	Three Months Ended June 30, 2021
(in thousands, except contract data)	Number of Contracts	Below Market Interest Rate		Other Concessions(1)		Total
Commercial, financial and agricultural	18	$	1,770	$	1,174	$	2,944
Owner-occupied	5	1,155		—		1,155
Total commercial and industrial	23	2,925		1,174		4,099
Investment properties	1	419		—		419
1-4 family properties	2	158		—		158
Land and development	1	366		—		366
Total commercial real estate	4	943		—		943
Consumer mortgages	2	331		—		331
Home equity lines	14	900		96		996
Other consumer loans	13	187		245		432
Total consumer	29	1,418		341		1,759
Total TDRs	56	$	5,286	$	1,515	$	6,801	(2)

	Three Months Ended June 30, 2020
(in thousands, except contract data)	Number of Contracts	Below Market Interest Rate		Other Concessions(1)		Total
Commercial, financial and agricultural	40	$	1,503	$	2,000	$	3,503
Owner-occupied	7	453		1,434		1,887
Total commercial and industrial	47	1,956		3,434		5,390
Investment properties	2	5,599		—		5,599
1-4 family properties	4	69		549		618
Land and development	1	91		—		91
Total commercial real estate	7	5,759		549		6,308
Consumer mortgages	10	556		1,482		2,038
Home equity lines	14	181		918		1,099
Other consumer loans	18	19		798		817
Total consumer	42	756		3,198		3,954
Total TDRs	96	$	8,471	$	7,181	$	15,652	(3)

(1) Other concessions generally include term extensions, interest only payments for a period of time, or principal forgiveness, but there was no principal forgiveness for the three months ending June 30, 2021 and 2020.

(2) No net charge-offs were recorded during the three months ended June 30, 2021.

(3) No net charge-offs were recorded during the three months ended June 30, 2020.


	Six Months Ended June 30, 2021
(in thousands, except contract data)	Number of Contracts	Below Market Interest Rate		Other Concessions(1)		Total
Commercial, financial and agricultural	58	$	5,002	$	3,737	$	8,739
Owner-occupied	10	2,409		399		2,808
Total commercial and industrial	68	7,411		4,136		11,547
Investment properties	6	2,402		—		2,402
1-4 family properties	7	621		39		660
Land and development	2	366		43		409
Total commercial real estate	15	3,389		82		3,471
Consumer mortgages	2	331		—		331
Home equity lines	27	1,487		258		1,745
Other consumer loans	86	316		4,864		5,180
Total consumer	115	2,134		5,122		7,256
Total TDRs	198	$	12,934	$	9,340	$	22,274	(2)

	Six Months Ended June 30, 2020
(in thousands, except contract data)	Number of Contracts	Below Market Interest Rate		Other Concessions(1)		Total
Commercial, financial and agricultural	76	$	5,226	$	4,011	$	9,237
Owner-occupied	12	1,821		1,530		3,351
Total commercial and industrial	88	7,047		5,541		12,588
Investment properties	4	28,669		—		28,669
1-4 family properties	10	793		991		1,784
Land and development	2	541		—		541
Total commercial real estate	16	30,003		991		30,994
Consumer mortgages	16	1,072		2,566		3,638
Home equity lines	33	455		1,882		2,337
Other consumer loans	47	97		2,694		2,791
Total consumer	96	1,624		7,142		8,766
Total TDRs	200	$	38,674	$	13,674	$	52,348	(3)

(1) Other concessions generally include term extensions, interest only payments for a period of time, or principal forgiveness, but there was no principal forgiveness for the six months ending June 30, 2021 and 2020.

(2) No net charge-offs were recorded during the six months ended June 30, 2021.

(3) No net charge-offs were recorded during the six months ended June 30, 2020.