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Credit Quality and the Allowance for Loan and Lease Losses (Tables)

9 Months Ended

Sep. 30, 2020

Allowance for Loan and Lease Losses

The following tables summarize transactions in the ALLL by portfolio segment:


For the three months ended September 30, 2020 ($ in millions)	Commercial		Residential Mortgage	Consumer	Unallocated	Total
Balance, beginning of period	$	1,502	327	867	—	2,696
Losses charged off(a)	(66)		(1)	(68)	—	(135)
Recoveries of losses previously charged off(a)	5		2	27	—	34
(Benefit from) provision for loan and lease losses	92		(31)	(82)	—	(21)
Balance, end of period	$	1,533	297	744	—	2,574

(a)The Bancorp recorded $9 in both losses charged off and recoveries of losses previously charged off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements.


For the three months ended September 30, 2019 ($ in millions)	Commercial		Residential Mortgage	Consumer	Unallocated	Total
Balance, beginning of period	$	651	76	276	112	1,115
Losses charged off(a)	(34)		(2)	(94)	—	(130)
Recoveries of losses previously charged off(a)	1		1	29	—	31
Provision for loan and lease losses	53		—	72	2	127
Balance, end of period	$	671	75	283	114	1,143

(a)The Bancorp recorded $12 in both losses charged off and recoveries of losses previously charged off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements.


For the nine months ended September 30, 2020 ($ in millions)	Commercial		Residential Mortgage	Consumer	Unallocated	Total
Balance, beginning of period	$	710	73	298	121	1,202
Impact of adoption of ASU 2016-13(a)	160		196	408	(121)	643
Losses charged off(b)	(209)		(6)	(242)	—	(457)
Recoveries of losses previously charged off(b)	14		5	85	—	104
Provision for loan and lease losses	858		29	195	—	1,082
Balance, end of period	$	1,533	297	744	—	2,574

(a)Includes $31, $2 and $1 in Commercial, Residential Mortgage and Consumer, respectively, related to the initial recognition of an ALLL on PCD loans.

(b)The Bancorp recorded $31 in both losses charged off and recoveries of losses previously charged off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements.


For the nine months ended September 30, 2019 ($ in millions)	Commercial		Residential Mortgage	Consumer	Unallocated	Total
Balance, beginning of period	$	645	81	267	110	1,103
Losses charged off(a)	(87)		(5)	(266)	—	(358)
Recoveries of losses previously charged off(a)	14		4	84	—	102
Provision for (benefit from) loan and lease losses	99		(5)	198	4	296
Balance, end of period	$	671	75	283	114	1,143

(a)The Bancorp recorded $35 in both losses charged off and recoveries of losses previously charged off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements.

Summary of the ALLL and Related Loans and Leases Classified by Portfolio Segment

The following tables provide a summary of the ALLL and related loans and leases classified by portfolio segment:


As of September 30, 2020 ($ in millions)	Commercial		Residential Mortgage	Consumer	Total
ALLL:(a)
Individually evaluated	$	178	78	46	302
Collectively evaluated	1,355		219	698	2,272
Total ALLL	$	1,533	297	744	2,574
Portfolio loans and leases:(b)
Individually evaluated	$	1,111	650	280	2,041
Collectively evaluated	69,743		15,255	23,025	108,023
Purchased credit deteriorated(c)	396		79	18	493
Total portfolio loans and leases	$	71,250	15,984	23,323	110,557

(a)Includes $3 related to commercial leveraged leases at September 30, 2020.

(b)Excludes $174 of residential mortgage loans measured at fair value and includes $366 of commercial leveraged leases, net of unearned income at September 30, 2020.

(c)Includes $51, as of September 30, 2020, of residential mortgage loans previously sold to GNMA for which the Bancorp is deemed to have regained effective control over under ASC Topic 860, but did not exercise its option to repurchase. Refer to Note 16 for further information.


As of December 31, 2019 ($ in millions)	Commercial		Residential Mortgage	Consumer	Unallocated	Total
ALLL:(a)
Individually evaluated for impairment	$	82	55	33	—	170
Collectively evaluated for impairment	628		18	265	—	911
Unallocated	—		—	—	121	121
Total ALLL	$	710	73	298	121	1,202
Portfolio loans and leases:(b)
Individually evaluated for impairment	$	413	814	302	—	1,529
Collectively evaluated for impairment	69,047		15,690	22,558	—	107,295
Purchased credit impaired	498		37	16	—	551
Total portfolio loans and leases	$	69,958	16,541	22,876	—	109,375

(a)Includes $1 related to commercial leveraged leases at December 31, 2019.

(b)Excludes $183 of residential mortgage loans measured at fair value and includes $429 of commercial leveraged leases, net of unearned income at December 31, 2019.

Loan and Leases Balances by Credit Quality Indicator

The following table summarizes the credit risk profile of the Bancorp’s commercial portfolio segment, by class and vintage:


As of September 30, 2020 ($ in millions)	Term Loans and Leases Amortized Cost Basis by Origination Year							Revolving Loans Amortized Cost Basis	Revolving Loans Converted to Term Loans Amortized Cost Basis
	2020		2019	2018	2017	2016	Prior			Total
Commercial and industrial loans:
Pass	$	6,755	2,329	1,288	849	561	856	31,689	—	44,327
Special mention	96		67	86	40	10	21	3,661	—	3,981
Substandard	167		77	269	87	44	121	2,610	—	3,375
Doubtful	—		—	—	—	—	—	12	—	12
Total commercial and industrial loans	$	7,018	2,473	1,643	976	615	998	37,972	—	51,695
Commercial mortgage owner-occupied loans:
Pass	$	905	693	466	308	258	489	1,033	—	4,152
Special mention	57		8	28	13	12	16	83	—	217
Substandard	219		36	40	10	14	36	80	—	435
Doubtful	—		—	—	—	—	—	—	—	—
Total commercial mortgage owner-occupied loans	$	1,181	737	534	331	284	541	1,196	—	4,804
Commercial mortgage nonowner-occupied loans:
Pass	$	738	865	564	298	248	391	1,818	—	4,922
Special mention	254		1	16	3	28	20	402	—	724
Substandard	129		7	61	12	2	43	174	—	428
Doubtful	—		—	—	—	—	—	—	—	—
Total commercial mortgage nonowner-occupied loans	$	1,121	873	641	313	278	454	2,394	—	6,074
Commercial construction loans:
Pass	$	26	58	28	—	9	12	4,949	—	5,082
Special mention	40		—	—	—	—	—	477	—	517
Substandard	5		—	—	—	—	—	52	—	57
Doubtful	—		—	—	—	—	—	—	—	—
Total commercial construction loans	$	71	58	28	—	9	12	5,478	—	5,656
Commercial leases:
Pass	$	447	392	328	399	334	943	—	—	2,843
Special mention	3		40	16	6	6	8	—	—	79
Substandard	4		4	19	33	7	32	—	—	99
Doubtful	—		—	—	—	—	—	—	—	—
Total commercial leases	$	454	436	363	438	347	983	—	—	3,021
Total commercial loans and leases:
Pass	$	8,871	4,337	2,674	1,854	1,410	2,691	39,489	—	61,326
Special mention	450		116	146	62	56	65	4,623	—	5,518
Substandard	524		124	389	142	67	232	2,916	—	4,394
Doubtful	—		—	—	—	—	—	12	—	12
Total commercial loans and leases	$	9,845	4,577	3,209	2,058	1,533	2,988	47,040	—	71,250

The following table summarizes the credit risk profile of the Bancorp’s commercial portfolio segment, by class:


As of December 31, 2019 ($ in millions)	Pass		Special Mention	Substandard	Doubtful	Total
Commercial and industrial loans	$	47,671	1,423	1,406	42	50,542
Commercial mortgage owner-occupied loans	4,421		162	293	4	4,880
Commercial mortgage nonowner-occupied loans	5,866		135	82	—	6,083
Commercial construction loans	4,963		52	75	—	5,090
Commercial leases	3,222		53	88	—	3,363
Total commercial loans and leases	$	66,143	1,825	1,944	46	69,958

The following table presents a summary of the Bancorp’s residential mortgage and consumer portfolio segments, by class and vintage, disaggregated by both age and performing versus nonperforming status:


As of September 30, 2020 ($ in millions)	Term Loans Amortized Cost Basis by Origination Year							Revolving Loans Amortized Cost Basis	Revolving Loans Converted to Term Loans Amortized Cost Basis
	2020		2019	2018	2017	2016	Prior			Total
Residential mortgage loans:
Performing:
Current(a)	$	2,843	2,348	976	1,877	2,589	5,191	—	—	15,824
30-89 days past due	2		1	3	4	3	11	—	—	24
90 days or more past due	—		5	2	7	5	48	—	—	67
Total performing	2,845		2,354	981	1,888	2,597	5,250	—	—	15,915
Nonperforming	—		—	—	2	3	64	—	—	69
Total residential mortgage loans(b)	$	2,845	2,354	981	1,890	2,600	5,314	—	—	15,984
Home equity:
Performing:
Current	$	11	27	35	5	3	164	5,086	8	5,339
30-89 days past due	—		—	—	—	—	3	22	—	25
90 days or more past due	—		—	—	—	—	2	—	—	2
Total performing	11		27	35	5	3	169	5,108	8	5,366
Nonperforming	—		—	1	—	—	12	75	1	89
Total home equity	$	11	27	36	5	3	181	5,183	9	5,455
Indirect secured consumer loans:
Performing:
Current	$	4,928	4,186	1,909	1,008	462	290	—	—	12,783
30-89 days past due	13		38	32	19	9	5	—	—	116
90 days or more past due	1		2	3	2	1	1	—	—	10
Total performing	4,942		4,226	1,944	1,029	472	296	—	—	12,909
Nonperforming	—		4	4	3	2	3	—	—	16
Total indirect secured consumer loans	$	4,942	4,230	1,948	1,032	474	299	—	—	12,925
Credit card:
Performing:
Current	$	—	—	—	—	—	—	2,005	—	2,005
30-89 days past due	—		—	—	—	—	—	29	—	29
90 days or more past due	—		—	—	—	—	—	27	—	27
Total performing	—		—	—	—	—	—	2,061	—	2,061
Nonperforming	—		—	—	—	—	—	26	—	26
Total credit card	$	—	—	—	—	—	—	2,087	—	2,087
Other consumer loans
Performing:
Current	$	605	645	502	205	37	36	803	1	2,834
30-89 days past due	2		6	4	3	—	—	3	—	18
90 days or more past due	—		1	—	—	—	—	—	—	1
Total performing	607		652	506	208	37	36	806	1	2,853
Nonperforming	—		—	—	—	—	1	2	—	3
Total other consumer loans	$	607	652	506	208	37	37	808	1	2,856
Total consumer loans(b)	$	8,405	7,263	3,471	3,135	3,114	5,831	8,078	10	39,307

(a)Information includes advances made pursuant to servicing agreements for GNMA mortgage pools whose repayments are insured by the FHA or guaranteed by the VA. As of September 30, 2020, $91 of these loans were 30-89 days past due and $249 were 90 days or more past due. The Bancorp recognized an immaterial amount and $2 of losses during the three and nine months ended September 30, 2020, respectively, due to claim denials and curtailments associated with these insured or guaranteed loans.

(b)Excludes $174 of residential mortgage loans measured at fair value at September 30, 2020.

The following table presents a summary of the Bancorp’s residential mortgage and consumer portfolio segments, by class, disaggregated into performing versus nonperforming status as of:


December 31, 2019 ($ in millions)	Performing		Nonperforming
Residential mortgage loans(a)	$	16,450	91
Home equity	5,989		94
Indirect secured consumer loans	11,531		7
Credit card	2,505		27
Other consumer loans	2,721		2
Total residential mortgage and consumer loans(a)	$	39,196	221

(a)Excludes $183 of residential mortgage loans measured at fair value at December 31, 2019.

Summary by Age and Class of the Recorded Investment in Delinquencies Included in the Bancorp's Portfolio of Loans and Leases

The following tables summarize the Bancorp’s amortized cost basis in portfolio commercial loans and leases, by age and class:


	Current Loans and Leases(a)		Past Due			Total Loans and Leases	90 Days Past Due and Still Accruing
As of September 30, 2020 ($ in millions)			30-89 Days(a)	90 Days or More(a)	Total Past Due
Commercial loans and leases:
Commercial and industrial loans	$	51,413	140	142	282	51,695	4
Commercial mortgage owner-occupied loans	4,753		14	37	51	4,804	22
Commercial mortgage nonowner-occupied loans	5,979		58	37	95	6,074	4
Commercial construction loans	5,654		2	—	2	5,656	—
Commercial leases	3,007		4	10	14	3,021	2
Total portfolio commercial loans and leases	$	70,806	218	226	444	71,250	32

(a)Includes accrual and nonaccrual loans and leases.


	Current Loans and Leases(a)		Past Due			Total Loans and Leases	90 Days Past Due and Still Accruing
As of December 31, 2019 ($ in millions)			30-89 Days(a)	90 Days or More(a)	Total Past Due
Commercial loans and leases:
Commercial and industrial loans	$	50,305	133	104	237	50,542	11
Commercial mortgage owner-occupied loans	4,853		4	23	27	4,880	9
Commercial mortgage nonowner-occupied loans	6,072		5	6	11	6,083	6
Commercial construction loans	5,089		1	—	1	5,090	—
Commercial leases	3,338		11	14	25	3,363	—
Total portfolio commercial loans and leases	$	69,657	154	147	301	69,958	26

(a)Includes accrual and nonaccrual loans and leases.

The following tables summarize the Bancorp’s amortized cost basis in portfolio consumer loans, by age and class:


	Current Loans and Leases(b)(c)		Past Due			Total Loans and Leases	90 Days Past Due and Still Accruing
December 31, 2019 ($ in millions)			30-89 Days(c)	90 Days or More(c)	Total Past Due
Residential mortgage loans(a)	$	16,372	27	142	169	16,541	50
Consumer loans:
Home equity	5,965		61	57	118	6,083	1
Indirect secured consumer loans	11,389		132	17	149	11,538	10
Credit card	2,434		50	48	98	2,532	42
Other consumer loans	2,702		18	3	21	2,723	1
Total portfolio consumer loans(a)	$	38,862	288	267	555	39,417	104

(a)Excludes $183 of residential mortgage loans measured at fair value at December 31, 2019.

(b)Information includes advances made pursuant to servicing agreements for GNMA mortgage pools whose repayments are insured by the FHA or guaranteed by the VA. As of December 31, 2019, $94 of these loans were 30-89 days past due and $261 were 90 days or more past due. The Bancorp recognized $1 of losses during both the three and nine months ended September 30, 2019 due to claim denials and curtailments associated with these insured or guaranteed loans.

(c)Includes accrual and nonaccrual loans and leases.

Summary of the Amortized Cost Basis of the Bancorp's Collateral Dependent Loans

The following table presents the amortized cost basis of the Bancorp’s collateral-dependent loans and leases, by portfolio class:


As of September 30, 2020 ($ in millions)	Amortized Cost Basis
Commercial loans and leases:
Commercial and industrial loans	$	877
Commercial mortgage owner-occupied loans	67
Commercial mortgage nonowner-occupied loans	120
Commercial construction loans	20
Commercial leases	15
Total commercial loans and leases	1,099
Residential mortgage loans	114
Consumer loans:
Home equity	75
Indirect secured consumer loans	9
Other consumer loans	—
Total consumer loans	84
Total portfolio loans and leases	$	1,297

Summary of the Bancorp's Nonperforming Loans and Leases by Class

The following table presents the amortized cost basis of the Bancorp’s nonaccrual loans and leases, by class, and OREO and other repossessed property:


As of September 30, 2020 ($ in millions)					For the three months ended September 30, 2020	For the nine months ended September 30, 2020
	With an ALLL		No Related ALLL	Total	Interest Income Recognized	Interest Income Recognized
Commercial loans and leases:
Commercial and industrial loans	$	354	164	518	2	6
Commercial mortgage owner-occupied loans	17		35	52	—	—
Commercial mortgage nonowner-occupied loans	86		16	102	—	—
Commercial leases	11		5	16	—	1
Total nonaccrual portfolio commercial loans and leases	468		220	688	2	7
Residential mortgage loans	10		59	69	7	22
Consumer loans:
Home equity	58		31	89	2	7
Indirect secured consumer loans	9		7	16	—	—
Credit card	26		—	26	1	3
Other consumer loans	3		—	3	—	—
Total nonaccrual portfolio consumer loans	96		38	134	3	10
Total nonaccrual portfolio loans and leases(a)(b)	$	574	317	891	12	39
OREO and other repossessed property	—		40	40	—	—
Total nonperforming portfolio assets(a)(b)	$	574	357	931	12	39

(a)Excludes $10 of nonaccrual loans held for sale and $1 of nonaccrual restructured loans held for sale.

(b)Includes $25 of nonaccrual government insured commercial loans whose repayments are insured by the SBA, of which $13 are restructured nonaccrual government insured commercial loans.

The following table presents the Bancorp’s nonaccrual loans and leases, by class, and OREO and other repossessed property as of:


($ in millions)	December 31, 2019
Commercial loans and leases:
Commercial and industrial loans	$	338
Commercial mortgage owner-occupied loans	29
Commercial mortgage nonowner-occupied loans	1
Commercial construction loans	1
Commercial leases	28
Total nonaccrual portfolio commercial loans and leases	397
Residential mortgage loans	91
Consumer loans:
Home equity	94
Indirect secured consumer loans	7
Credit card	27
Other consumer loans	2
Total nonaccrual portfolio consumer loans	130
Total nonaccrual portfolio loans and leases(a)(b)	$	618
OREO and other repossessed property	62
Total nonperforming portfolio assets(a)(b)	$	680

(a)Excludes $7 of nonaccrual loans and leases held for sale.

(b)Includes $16 of nonaccrual government insured commercial loans whose repayments are insured by the SBA, of which $11 are restructured nonaccrual government insured commercial loans.

Summary of Loans Modified in a TDR

The following tables provide a summary of loans and leases, by class, modified in a TDR by the Bancorp during the three months ended:


September 30, 2020 ($ in millions)(a)	Number of Loans Modified in a TDR During the Period(b)	Amortized Cost Basis of Loans Modified in a TDR During the Period		(Decrease) Increase to ALLL Upon Modification	Charge-offs Recognized Upon Modification
Commercial loans:
Commercial and industrial loans	33	$	75	1	7
Commercial mortgage owner-occupied loans	10	19		(3)	—
Commercial mortgage nonowner-occupied loans	3	16		(2)	—
Residential mortgage loans	66	11		—	—
Consumer loans:
Home equity	88	2		(3)	—
Indirect secured consumer loans	14	—		—	—
Credit card	1,023	6		2	1
Total portfolio loans	1,237	$	129	(5)	8

(a)Excludes all loans and leases held for sale.

(b)Represents number of loans post-modification and excludes loans previously modified in a TDR.


September 30, 2019 ($ in millions)(a)	Number of Loans Modified in a TDR During the Period(b)	Recorded Investment in Loans Modified in a TDR During the Period		Increase (Decrease) to ALLL Upon Modification	Charge-offs Recognized Upon Modification
Commercial loans:
Commercial and industrial loans	27	$	72	(1)	—
Commercial mortgage owner-occupied loans	4	1		—	—
Residential mortgage loans	256	39		1	—
Consumer loans:
Home equity	21	1		—	—
Indirect secured consumer loans	27	—		—	—
Credit card	1,467	8		2	1
Total portfolio loans	1,802	$	121	2	1

(a)Excludes all loans and leases held for sale and loans acquired with deteriorated credit quality which were accounted for within a pool.

(b)Represents number of loans post-modification and excludes loans previously modified in a TDR.

The following tables provide a summary of loans and leases, by class, modified in a TDR by the Bancorp during the nine months ended:


September 30, 2020 ($ in millions)(a)	Number of Loans Modified in a TDR During the Period(b)	Amortized Cost Basis of Loans Modified in a TDR During the Period		Increase (Decrease) to ALLL Upon Modification	Charge-offs Recognized Upon Modification
Commercial loans:
Commercial and industrial loans	96	$	250	25	7
Commercial mortgage owner-occupied loans	38	38		(3)	—
Commercial mortgage nonowner-occupied loans	15	38		(2)	—
Commercial construction	3	21		1	—
Residential mortgage loans	359	48		1	—
Consumer loans:
Home equity	130	6		(4)	—
Indirect secured consumer loans	56	—		—	—
Credit card	3,880	21		8	1
Total portfolio loans	4,577	$	422	26	8

(a)Excludes all loans and leases held for sale.

(b)Represents number of loans post-modification and excludes loans previously modified in a TDR.


September 30, 2019 ($ in millions)(a)	Number of Loans Modified in a TDR During the Period(b)	Recorded Investment in Loans Modified in a TDR During the Period		(Decrease) Increase to ALLL Upon Modification	Charge-offs Recognized Upon Modification
Commercial loans:
Commercial and industrial loans	65	$	168	(15)	5
Commercial mortgage owner-occupied loans	13	10		—	—
Residential mortgage loans	531	74		1	—
Consumer loans:
Home equity	58	3		—	—
Indirect secured consumer loans	65	—		—	—
Credit card	4,250	24		6	3
Total portfolio loans	4,982	$	279	(8)	8

(a)Excludes all loans and leases held for sale and loans acquired with deteriorated credit quality which were accounted for within a pool.

(b)Represents number of loans post-modification and excludes loans previously modified in a TDR.

Summary of Subsequent Defaults

The following tables provide a summary of TDRs that subsequently defaulted during the three months ended September 30, 2020 and 2019 and were within 12 months of the restructuring date:


September 30, 2020 ($ in millions)(a)	Number of Contracts	Amortized Cost
Commercial loans:
Commercial and industrial loans	6	$	1
Commercial mortgage owner-occupied loans	1	1
Residential mortgage loans	45	8
Consumer loans:
Home equity	2	—
Indirect secured consumer loans	6	—
Credit card	20	—
Total portfolio loans	80	$	10

(a)Excludes all loans and leases held for sale and loans acquired with deteriorated credit quality which were accounted for within a pool.


September 30, 2019 ($ in millions)(a)	Number of Contracts	Recorded Investment
Commercial loans:
Commercial and industrial loans	1	$	3
Commercial mortgage owner-occupied loans	2	—
Residential mortgage loans	67	10
Consumer loans:
Home equity	7	—
Credit card	69	—
Total portfolio loans	146	$	13

(a)Excludes all loans and leases held for sale and loans acquired with deteriorated credit quality which were accounted for within a pool.

The following tables provide a summary of TDRs that subsequently defaulted during the nine months ended September 30, 2020 and 2019 and were within 12 months of the restructuring date:


September 30, 2020 ($ in millions)(a)	Number of Contracts	Amortized Cost
Commercial loans:
Commercial and industrial loans	12	$	5
Commercial mortgage owner-occupied loans	8	3
Commercial mortgage nonowner-occupied loans	2	9
Residential mortgage loans	117	18
Consumer loans:
Home equity	5	—
Indirect secured consumer loans	12	—
Credit card	237	1
Total portfolio loans	393	$	36

(a)Excludes all loans and leases held for sale and loans acquired with deteriorated credit quality which were accounted for within a pool.


September 30, 2019 ($ in millions)(a)	Number of Contracts	Recorded Investment
Commercial loans:
Commercial and industrial loans	8	$	20
Commercial mortgage owner-occupied loans	4	1
Residential mortgage loans	196	30
Consumer loans:
Home equity	12	—
Credit card	605	3
Total portfolio loans	825	$	54

(a)Excludes all loans and leases held for sale and loans acquired with deteriorated credit quality which were accounted for within a pool.

Summary of Portfolio Loans, by Class, that Received Payment Deferrals or Forbearances

The following table provides a summary of portfolio loans and leases as of September 30, 2020, by class, that have received payment deferrals or forbearances as part of the Bancorp’s COVID-19 pandemic hardship relief programs:


	Amortized Cost Basis of Loans and Leases					Past Due(c)
	Completed Relief Period		In Active Relief Period(a)	Total that Have Received Payment Relief(b)
September 30, 2020 ($ in millions)					Current(c)	30-89 Days	90 Days or More	Total Past Due
Commercial loans:
Commercial and industrial loans	$	1,412	39	1,451	1,413	29	9	38
Commercial mortgage owner-occupied loans	580		38	618	594	9	15	24
Commercial mortgage nonowner-occupied loans	920		258	1,178	1,101	56	21	77
Commercial construction loans	306		150	456	456	—	—	—
Commercial leases	99		—	99	99	—	—	—
Residential mortgage loans(b)	426		1,095	1,521	1,324	51	146	197
Consumer loans:
Home equity	41		177	218	205	7	6	13
Indirect secured consumer loans	924		172	1,096	1,025	63	8	71
Credit card	133		18	151	131	12	8	20
Other consumer loans	97		16	113	106	6	1	7
Total portfolio loans and leases	$	4,938	1,963	6,901	6,454	233	214	447

(a)Includes loans and leases that are still in the initial payment relief period (primarily residential mortgage and home equity loans) and loans that have requested additional relief.

(b)Excludes $843 of loans previously sold to GNMA that the Bancorp had the option to repurchase as a result of forbearance, $792 of which were repurchased and are classified as held for sale.

(c)For loans which are still in an active relief period, past due status is based on the borrower's status as of March 1, 2020, as adjusted based on the borrower's compliance with modified loan terms.