XML 132 R13.htm IDEA: XBRL DOCUMENT v3.3.0.814
Loans and Leases
 9 Months Ended
Sep. 30, 2015
Loans and Leases Receivable  
Loans and Leases

5. Loans and Leases

The Bancorp diversifies its loan and lease portfolio by offering a variety of loan and lease products with various payment terms and rate structures. Lending activities are generally concentrated within those states in which the Bancorp has banking centers and are primarily located in the Midwestern and Southeastern regions of the United States. The Bancorp's commercial loan portfolio consists of lending to various industry types. Management periodically reviews the performance of its loan and lease products to evaluate whether they are performing within acceptable interest rate and credit risk levels and changes are made to underwriting policies and procedures as needed. The Bancorp maintains an allowance to absorb loan and lease losses inherent in the portfolio. For further information on credit quality and the ALLL, refer to Note 6.

The following table provides a summary of the total loans and leases classified by primary purpose as of:
       
   September 30,December 31,
($ in millions) 20152014
Loans and leases held for sale:     
 Commercial and industrial loans $22 36 
 Commercial mortgage loans 23 11 
 Commercial construction loans  - 2 
 Commercial leases 3 1 
 Residential mortgage loans 805 1,193 
 Home equity  33  - 
 Automobile loans 3  - 
 Credit card 101  - 
 Other consumer loans and leases 4 18 
Total loans and leases held for sale$994 1,261 
Portfolio loans and leases:     
 Commercial and industrial loans $42,948 40,765 
 Commercial mortgage loans 7,061 7,399 
 Commercial construction loans 3,101 2,069 
 Commercial leases 3,898 3,720 
Total commercial loans and leases$57,008 53,953 
 Residential mortgage loans 13,392 12,389 
 Home equity 8,427 8,886 
 Automobile loans 11,826 12,037 
 Credit card 2,229 2,401 
 Other consumer loans and leases  692 418 
Total consumer loans and leases$36,566 36,131 
Total portfolio loans and leases$93,574 90,084 
       

Total portfolio loans and leases are recorded net of unearned income, which totaled $646 million as of September 30, 2015 and $665 million as of December 31, 2014. Additionally, portfolio loans and leases are recorded net of unamortized premiums and discounts, deferred loan fees and costs and fair value adjustments (associated with acquired loans or loans designated at fair value upon origination) which totaled a net premium of $202 million and $169 million as of September 30, 2015 and December 31, 2014, respectively.

 

The Bancorp's FHLB and FRB advances are generally secured by loans. The Bancorp had loans of $11.8 billion and $11.1 billion at September 30, 2015 and December 31, 2014, respectively, pledged at the FHLB, and loans of $34.0 billion and $33.9 billion at September 30, 2015 and December 31, 2014, respectively, pledged at the FRB.

 

The following table presents a summary of the total loans and leases owned by the Bancorp as of:
            
  September 30,December 31, September 30,December 31, 
  20152014 20152014 
       90 Days Past Due  
($ in millions) Carrying Value  and Still Accruing 
Commercial and industrial loans$42,970 40,801   3  -  
Commercial mortgage loans 7,084 7,410   2  -  
Commercial construction loans 3,101 2,071   -  -  
Commercial leases 3,901 3,721   -  -  
Residential mortgage loans 14,197 13,582   40  56  
Home equity 8,460 8,886   -  -  
Automobile loans 11,829 12,037   8  8  
Credit card 2,330 2,401   17  23  
Other consumer loans and leases 696 436   -  -  
Total loans and leases$94,568 91,345   70  87  
Less: Loans held for sale 994 1,261       
Total portfolio loans and leases$93,574 90,084       
            
The following table presents a summary of net charge-offs:
            
  For the three months ended September 30,  For the nine months ended September 30,  
          
($ in millions) 2015 2014  20152014 
Commercial and industrial loans$128 50  200 177  
Commercial mortgage loans 11 5  24 16  
Commercial construction loans 3  -  3  12  
Residential mortgage loans 3 9  14 31  
Home equity 9 14  31 49  
Automobile loans 7 7  19 20  
Credit card 21 23  63 62  
Other consumer loans and leases 6 7  12 17  
Total net charge-offs$188 115  366 384