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Credit Quality and the Allowance for Loan and Lease Losses (Tables)
 12 Months Ended
Dec. 31, 2019
Loans and Leases Receivable  
Summary of Transactions in the ALLL
The following tables summarize transactions in the ALLL by portfolio segment for the years ended December 31:
 
  
 
      Residential 
  
 
 
 
2019 ($ in millions)
 
Commercial
 
Mortgage  
  
      Consumer
 
      Unallocated
 
Total    
  
 
Balance, beginning of period
 
$
645
 
  
81
  
267
  
110
  
1,103
  
 Losses
charged-off
(a)
  
 
(127)
 
  
(9)
  
(374)
  
-
  
(510)
  
 Recoveries of losses previously
charged-off
(a)
  
 
19
 
  
5
  
117
  
-
  
141
  
 Provision for (benefit from) loan and lease losses
 
 
173
 
  
(4)
  
288
  
11
  
468
  
 
Balance, end of period
 
$
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
710
 
  
73
  
298
  
121
  
1,202
  
 
(a) For the year ended
December 31, 2019
, the Bancorp recorded
$48
in both losses
charged-off
and recoveries of losses
charged-off
related to customer defaults on
point-of-sale
consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements.
 
  
 
      Residential 
  
 
 
 
2018 ($ in millions)
 
Commercial
 
Mortgage  
  
      Consumer
 
      Unallocated
 
Total    
  
 
Balance, beginning of period
  $
753
    
89
  
234
  
120
  
1,196
  
 Losses
charged-off
(a)
    
(157)
    
(13)
  
(280)
  
-
  
(450)
  
 Recoveries of losses previously
charged-off
(a)
    
25
    
6
  
89
  
-
  
120
  
 Provision for (benefit from) loan and lease losses
   
24
    
(1)
  
224
  
(10)
  
237
  
 
Balance, end of period
  $
645
    
81
  
267
  
110
  
1,103
  
 
(a) For the year ended December 31, 2018, the Bancorp recorded $29 in both losses
charged-off
and recoveries of losses
charged-off
related to customer defaults on
point-of-sale
consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements.
 
  
 
      Residential 
  
 
 
 
2017 ($ in millions)
 
Commercial
 
Mortgage  
  
      Consumer
 
      Unallocated
 
Total    
  
 
Balance, beginning of period
  $
831
    
96
  
214
  
112
  
1,253
  
 Losses
charged-off
   
(154)
    
(15)
  
(212)
  
-
  
(381)
  
 Recoveries of losses previously
charged-off
   
29
    
8
  
46
  
-
  
83
  
 Provision for loan and lease losses
   
66
    
-
  
186
  
9
  
261
  
 Deconsolidation of a VIE
   
(19)
    
-
  
-
  
(1)
  
(20)
  
 
Balance, end of period
  $
753
    
89
  
234
  
120
  
1,196
  
 
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:
 
  
 
Residential 
  
 
 
 
As of December 31, 2019 ($ in millions)
 
Commercial
 
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 leveraged leases at
December 31, 2019
.
(b)
Excludes
$183
of residential mortgage loans measured at fair value and includes
$429
of leveraged leases, net of unearned income, at
December 31, 2019
.
   
  
   
    Residential
   
   
   
 
As of December 31, 2018 ($ in millions)
 
    Commercial
   
    Mortgage
   
Consumer
   
Unallocated
   
Total        
  
   
ALLL:
(a)
    
     
     
     
     
 
 Individually evaluated for impairment
  $
42
      
61
      
38
      
-     
      
141
  
 Collectively evaluated for impairment
   
603
      
20
      
229
      
-     
      
852
  
 Unallocated
   
-        
      
-   
      
-   
      
110
      
110
  
   
Total ALLL
  $
645
      
81
      
267
      
110
      
1,103
  
   
Portfolio loans and leases:
(b)
    
     
     
     
     
 
 Individually evaluated for impairment
  $
277
      
736
      
278
      
-     
      
1,291
  
 Collectively evaluated for impairment
   
59,294
      
14,589
      
19,912
      
-     
      
93,795
  
   
Total portfolio loans and leases
  $
59,571
      
15,325
      
20,190
      
-     
      
95,086
  
   
(a)
Includes $1 related to leveraged leases at December 31, 2018.
(b)
Excludes $179 of residential mortgage loans measured at fair value and includes $624 of leveraged leases, net of unearned income at December 31, 2018.
Loan and leases balances by credit quality indicator
The following tables summarize the credit risk profile of the Bancorp’s commercial portfolio segment, by class:
   
  
   
        Special        
    
   
   
 
As of December 31, 2019 ($ in millions)
  
          Pass
 
 
 
 
    
        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
 
   
    
    
     
     
     
     
 
   
  
   
        Special        
    
   
   
 
As of December 31, 2018 ($ in millions)
 
          Pass
 
 
 
 
    
        Mention        
    
    Substandard  
    
Doubtful
   
Total      
  
   
Commercial and industrial loans
  $
42,695
      
779
      
853
      
13
      
44,340
  
Commercial mortgage owner-occupied loans
   
3,122
      
23
      
139
      
-    
      
3,284
  
Commercial mortgage nonowner-occupied loans
   
3,632
      
27
      
31
      
-    
      
3,690
  
Commercial construction loans
   
4,657
      
-         
      
-         
      
-    
      
4,657
  
Commercial leases
   
3,475
      
72
      
53
      
-    
      
3,600
  
   
Total commercial loans and leases
  $
57,581
      
901
      
1,076
      
13
      
59,571
  
   
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
   
 
2018
 
($ in millions)
 
 
        Performing        
    
        Nonperforming        
    
  
  
        Performing        
    
        Nonperforming        
  
Residential mortgage loans
(a)
  
$  
  
 
16,450
 
  
 
91
 
  
   
15,303
      
22
  
Home equity
 
 
 
5,989
 
  
 
94
 
  
   
6,332
      
70
  
Indirect secured consumer loans
 
 
 
11,531
 
  
 
7
 
  
   
8,975
      
1
  
Credit card
 
 
 
2,505
 
  
 
27
 
  
   
2,444
      
26
  
Other consumer loans
 
 
 
2,721
 
  
 
2
 
  
   
2,341
      
1
  
Total residential mortgage and consumer loans
(a)
  
$  
  
 
39,196
 
  
 
221
 
  
   
35,395
      
120
  
(a)
Excludes
$183
and $179 of residential mortgage loans measured at fair value at
December 31, 2019
and 2018, respectively.
Summary by Age and Class of the Recorded Investment in Delinquencies Included in the Bancorp's Portfolio of Loans and Leases
Age Analysis of Past Due Loans and Leases
The following tables summarize the Bancorp’s recorded investment in portfolio loans and leases, by age and class:
 
        Current 
    
Past Due
   
   
90 Days Past    
  
  
        Loans and 
    
30-89
   
90 Days
   
Total  
    
Total Loans
   
Due and Still    
  
As of December 31, 2019 ($ in millions)
 
        Leases
(b)(c)
 
    
Days
(c)
    
or More
(c)
    
Past Due  
    
and Leases
   
Accruing    
  
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
 
  
 
-
 
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 loans and leases
(a)
  
$
108,519
 
  
 
442
 
  
 
414
 
  
 
856
 
  
 
109,375
 
  
 
130
 
(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
$4
of losses during the year ended
December 31, 2019
due to claim denials and curtailments associated with these insured or guaranteed loans.
(c)
Includes accrual and nonaccrual loans and leases.
  
        Current  
    
Past Due
   
   
90 Days Past    
  
  
        Loans and  
    
30-89
   
90 Days
   
Total    
    
Total Loans
   
Due and Still    
  
As of December 31, 2018 ($ in millions)
 
        Leases
(b)(c)
  
    
Days
(c)
    
or More
(c)
    
Past Due    
    
and Leases
   
Accruing    
  
Commercial loans and leases:
   
     
     
     
     
     
 
Commercial and industrial loans
  $
44,213
      
32
      
95
      
127
      
44,340
      
4
  
Commercial mortgage owner-occupied loans
   
3,277
      
1
      
6
      
7
      
3,284
      
2
  
Commercial mortgage nonowner-occupied loans
   
3,688
      
1
      
1
      
2
      
3,690
      
-
  
Commercial construction loans
   
4,657
      
-
      
-
      
-
      
4,657
      
-
  
Commercial leases
   
3,597
      
1
      
2
      
3
      
3,600
      
-
  
Residential mortgage loans
(a)
    
15,227
      
37
      
61
      
98
      
15,325
      
38
  
Consumer loans:
   
     
     
     
     
     
 
Home equity
   
6,280
      
71
      
51
      
122
      
6,402
      
-
  
Indirect secured consumer loans
   
8,844
      
119
      
13
      
132
      
8,976
      
12
  
Credit card
   
2,381
      
47
      
42
      
89
      
2,470
      
37
  
Other consumer loans
   
2,323
      
17
      
2
      
19
      
2,342
      
-
  
Total portfolio loans and leases
(a)
   $
94,487
      
326
      
273
      
599
      
95,086
      
93
  
(a)
Excludes $179 of residential mortgage loans measured at fair value at December 31, 2018.
(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, 2018, $90 of these loans were
30-89
days past due and $195 were 90 days or more past due. The Bancorp recognized $5 of losses during the year ended December 31, 2018 due to claim denials and curtailments associated with these insured or guaranteed loans.
(c)
Includes accrual and nonaccrual loans and leases.
Summarizes the Bancorp's Recorded Investment in Impaired Loans and Related Allowance by Class
The following tables summarize the Bancorp’s impaired portfolio loans and leases, by class, that were subject to individual review, which includes all portfolio loans and leases restructured in a TDR as of December 31:
2019 ($ in millions)
 
   
  Unpaid
  Principal
  Balance
    
              Recorded
              Investment
    
        ALLL
   
 
With a related ALLL:
   
     
     
     
     
 
Commercial loans and leases:
   
     
     
     
     
 
Commercial and industrial loans
 
 
 
  
$
277
 
  
 
215
 
  
 
76
 
  
 
 
Commercial mortgage owner-occupied loans
 
 
 
  
 
4
 
  
 
4
 
  
 
-  
 
  
 
 
Commercial mortgage nonowner-occupied loans
 
 
 
  
 
1
 
  
 
-  
 
  
 
-  
 
  
 
 
Commercial leases
 
 
 
  
 
26
 
  
 
26
 
  
 
6
 
  
 
 
Restructured residential mortgage loans
 
 
 
  
 
431
 
  
 
429
 
  
 
55
 
  
 
 
Restructured consumer loans:
 
 
 
  
 
 
  
 
 
  
 
 
  
 
 
Home equity
 
 
 
  
 
127
 
  
 
127
 
  
 
20
 
  
 
 
Indirect secured consumer loans
 
 
 
  
 
4
 
  
 
4
 
  
 
-  
 
  
 
 
Credit card
 
 
 
  
 
47
 
  
 
44
 
  
 
13
 
  
 
 
Total impaired portfolio loans and leases with a related ALLL
 
 
 
  
$
917
 
  
 
849
 
  
 
170
 
  
 
 
With no related ALLL:
 
 
 
  
 
 
  
 
 
  
 
 
  
 
 
Commercial loans and leases:
 
 
 
  
 
 
  
 
 
  
 
 
  
 
 
Commercial and industrial loans
 
 
 
  
$
156
 
  
 
142
 
  
 
-  
 
  
 
 
Commercial mortgage owner-occupied loans
 
 
 
  
 
21
 
  
 
21
 
  
 
-  
 
  
 
 
Commercial mortgage nonowner-occupied loans
 
 
 
  
 
3
 
  
 
3
 
  
 
-  
 
  
 
 
Commercial leases
 
 
 
  
 
2
 
  
 
2
 
  
 
-  
 
  
 
 
Restructured residential mortgage loans
 
 
 
  
 
401
 
  
 
385
 
  
 
-  
 
  
 
 
Restructured consumer loans:
 
 
 
  
 
 
  
 
 
  
 
 
  
 
 
Home equity
 
 
 
  
 
125
 
  
 
119
 
  
 
-  
 
  
 
 
Indirect secured consumer loans
 
 
 
  
 
10
 
  
 
8
 
  
 
-  
 
  
 
 
Total impaired portfolio loans and leases with no related ALLL
 
 
 
  
$
718
 
  
 
680
 
  
 
-  
 
  
 
 
Total impaired portfolio loans and leases
 
 
 
  
$
1,635
 
  
 
1,529
(a)
 
  
 
170
 
  
 
 
(a)
Includes
$23
,
$735
and
$230
, respectively, of commercial, residential mortgage and consumer portfolio TDRs on accrual status and
$231
,
$79
and
$72
, respectively, of commercial, residential mortgage and consumer portfolio TDRs on nonaccrual status at
December 31, 2019
.
2018 ($ in millions)
 
      Unpaid
      Principal
      Balance
   
      Recorded
      Investment
   
    ALLL       
  
With a related ALLL:
   
     
     
 
Commercial loans and leases:
   
     
     
 
Commercial and industrial loans
  $
156
      
107
      
34
  
Commercial mortgage owner-occupied loans
   
2
      
2
      
1
  
Commercial mortgage nonowner-occupied loans
   
2
      
1
      
-
  
Commercial leases
   
23
      
22
      
7
  
Restructured residential mortgage loans
   
465
      
462
      
61
  
Restructured consumer loans:
   
     
     
 
Home equity
   
146
      
145
      
22
  
Indirect secured consumer loans
   
5
      
4
      
1
  
Credit card
   
47
      
44
      
15
  
   
Total impaired portfolio loans and leases with a related ALLL
  $
846
      
787
      
141
  
   
With no related ALLL:
   
     
     
 
Commercial loans and leases:
   
     
     
 
Commercial and industrial loans
  $
137
      
125
      
-
  
Commercial mortgage owner-occupied loans
   
9
      
9
      
-
  
Commercial mortgage nonowner-occupied loans
   
11
      
11
      
-
  
Restructured residential mortgage loans
   
292
      
274
      
-
  
Restructured consumer loans:
   
     
     
 
Home equity
   
85
      
83
      
-
  
Indirect secured consumer loans
   
2
      
2
      
-
  
Total impaired portfolio loans and leases with no related ALLL
  $
536
      
504
      
-
  
   
Total impaired portfolio loans and leases
  $
1,382
      
1,291
(a)
 		    
141
  
   
(a)
Includes $60, $724 and $237, respectively, of commercial, residential mortgage and consumer portfolio TDRs on accrual status and $147, $12 and $41, respectively, of commercial, residential mortgage and consumer portfolio TDRs on nonaccrual status at December 31, 2018.
The following table summarizes the Bancorp’s average impaired portfolio loans and leases, by class, and interest income, by class, for the years ended December 31:
   
  
2019
   
2018
   
2017
 
                   
($ in millions)
 
        Average        
        Recorded        
        Investment        
    
  Interest        
  Income        
  Recognized        
    
    Average  
    Recorded  
    Investment  
    
  Interest
  Income
  Recognized
    
    Average    
    Recorded    
    Investment    
    
Interest      
Income      
Recognized      
  
   
Commercial loans and leases:
   
     
     
     
     
     
 
Commercial and industrial loans
 
$
306
 
  
 
7
 
    
373
      
15
      
579
      
10
  
Commercial mortgage owner-occupied loans
 
 
23
 
  
 
-
 
    
15
      
-
      
35
      
-
  
Commercial mortgage nonowner-occupied loans
 
 
8
 
  
 
-
 
    
24
      
-
      
61
      
1
  
Commercial leases
 
 
28
 
  
 
1
 
    
18
      
-
      
3
      
-
  
Restructured residential mortgage loans
 
 
756
 
  
 
30
 
    
743
      
28
      
657
      
25
  
Restructured consumer loans:
 
 
 
  
 
 
    
     
     
     
 
Home equity
 
 
221
 
  
 
11
 
    
244
      
12
      
281
      
12
  
Indirect secured consumer loans
 
 
7
 
  
 
-
 
    
8
      
-
      
11
      
-
  
Credit card
 
 
44
 
  
 
4
 
    
44
      
5
      
50
      
4
  
   
Total average impaired portfolio loans and leases
 
$
1,393
 
  
 
53
 
    
1,469
      
60
      
1,677
      
52
  
   
Summary of the Bancorp's Nonperforming Loans and Leases by Class
Nonperforming Assets
Nonperforming
assets include nonaccrual loans and leases for which ultimate collectability of the full amount of the principal and/or interest is uncertain; restructured loans which have not yet met the requirements to be
 
returned to
accrual status;
certain restructured consumer and residential
mortgage loans which 
are
90
days past due based on the restructured terms unless the loan is both well-secured and in the process of collection; and certain other assets, including OREO and other repossessed property.
The following table presents the Bancorp’s nonaccrual loans and leases, by class, and OREO and other repossessed property as of December 31:
   
($ in millions)
 
2019
 
  
        2018        
  
   
Commercial loans and leases:
 
 
 
    
 
Commercial and industrial loans
 
$
338
 
    
193
  
Commercial mortgage owner-occupied loans
 
 
29
 
    
11
  
Commercial mortgage nonowner-occupied loans
 
 
1
 
    
2
  
Commercial construction loans
 
 
1
 
    
-
  
Commercial leases
 
 
28
 
    
22
  
   
Total nonaccrual portfolio commercial loans and leases
 
 
397
 
    
228
  
   
Residential mortgage loans
 
 
91
 
    
22
  
Consumer loans:
 
 
 
    
 
Home equity
 
 
94
 
    
69
  
Indirect secured consumer loans
 
 
7
 
    
1
  
Credit card
 
 
27
 
    
27
  
Other consumer loans
 
 
2
 
    
1
  
   
Total nonaccrual portfolio consumer loans
 
 
130
 
    
98
  
   
Total nonaccrual portfolio loans and leases
(a)(b)
  
$
618
 
    
348
  
   
OREO and other repossessed property
 
 
62
 
    
47
  
   
Total nonperforming portfolio assets
(a)(b)
  
$             
680
 
    
395
  
   
(a)
Excludes
$7
and $16 of nonaccrual loans and leases held for sale at
December 31, 2019
and 2018, respectively.
(b)
Includes
$16
and $6 of nonaccrual government insured commercial loans whose repayments are insured by the SBA at
December 31, 2019
and 2018, respectively, of which
$11
and $2 are restructured nonaccrual government insured commercial loans at
December 31, 2019
and 2018, respectively.
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 years ended December 31:
   
2019 ($ in millions)
(a)(b)
  
Number of Loans
Modified in a TDR
During the Year
(c)
    
Recorded Investment
in Loans Modified
in a TDR
During the Year
   
(Decrease)
Increase
to ALLL Upon
Modification
 
Charge-offs
Recognized Upon  
Modification
 
   
Commercial loans and leases:
 
 
 
  
 
 
  
 
 
  
 
 
Commercial and industrial loans
 
 
97
 
  
              $
223
 
  
 
(19
)
 
 
5
 
Commercial mortgage owner-occupied loans
 
 
15
 
  
 
12
 
  
 
-
 
  
 
-
 
Commercial mortgage nonowner-occupied loans
 
 
1
 
  
 
-
 
  
 
-
 
  
 
-
 
Residential mortgage loans
 
 
722
 
  
 
101
 
  
 
1
 
  
 
-
 
Consumer loans:
 
 
 
  
 
 
  
 
 
  
 
 
Home equity
 
 
80
 
  
 
4
 
  
 
-
 
  
 
-
 
Indirect secured consumer loans
 
 
100
 
  
 
-
 
  
 
-
 
  
 
-
 
Credit card
 
 
6,041
 
  
 
34
 
  
 
8
 
  
 
3
 
   
Total portfolio loans and leases
 
 
7,056
 
  
              $
374
 
  
 
(10
)
 
 
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)
Excludes loans classified as TDRs as a result of the Bancorp’s conformance to OCC guidance with regard to
non-reaffirmed
loans included in Chapter 7 bankruptcy filings.
(c)
Represents number of loans post-modification and excludes loans previously modified in a TDR.
   
2018 ($ in millions)
(a)
  
Number of Loans
Modified in a TDR
During the Year
(b)
    
Recorded Investment
in Loans Modified
in a TDR
During the Year
   
Increase
(Decrease)
to ALLL Upon
Modification
 
Charge-offs
Recognized Upon  
Modification
 
   
Commercial loans and leases:
   
     
     
     
 
Commercial and industrial loans
   
54
                   $
200
      
1
      
7
  
Commercial mortgage owner-occupied loans
   
6
      
3
      
(1
 )    
-
  
Commercial mortgage nonowner-occupied loans
   
3
      
-
      
-
      
-
  
Residential mortgage loans
   
1,128
      
168
      
4
      
-
  
Consumer loans:
   
     
     
     
 
Home equity
   
111
      
7
      
-
      
-
  
Indirect secured consumer loans
   
84
      
-
      
-
      
-
  
Credit card
   
7,483
      
37
      
9
      
2
  
   
Total portfolio loans and leases
   
8,869
                   $
415
      
13
      
9
  
   
(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.
   
2017 ($ in millions)
(a)
  
Number of Loans
Modified in a TDR
During the Year
(b)
    
Recorded Investment
in Loans Modified
in a TDR
During the Year
   
Increase
(Decrease)
to ALLL Upon
Modification
 
Charge-offs
Recognized Upon  
Modification
 
   
Commercial loans and leases:
   
     
     
     
 
Commercial and industrial loans
   
75
                   $
237
      
(5
 )    
6
  
Commercial mortgage owner-occupied loans
   
9
      
8
      
5
      
-
  
Commercial mortgage nonowner-occupied loans
   
4
      
-
      
-
      
-
  
Commercial leases
   
1
      
4
      
-
      
-
  
Residential mortgage loans
   
830
      
116
      
5
      
-
  
Consumer loans:
   
     
     
     
 
Home equity
   
150
      
10
      
-
      
-
  
Indirect secured consumer loans
   
102
      
-
      
-
      
-
  
Credit card
   
8,085
      
38
      
8
      
1
  
   
Total portfolio loans and leases
   
9,256
                   $
413
      
13
      
7
  
   
(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 years ended December 31, 2019, 2018 and 2017 and were within twelve months of the restructuring date:
 
December 31, 2019 ($ in millions)
(a)(b)
    
Number of Contracts
     
     
Recorded Investment
   
 
Commercial loans and leases:
   
     
     
   
Commercial and industrial loans
 
 
12
 
  
$
    
 
  
 
20
 
  
Commercial mortgage owner-occupied loans
 
 
4
 
  
 
 
  
 
1
 
  
Commercial mortgage nonowner-occupied loans
 
 
1
 
  
 
 
  
 
-
 
  
Residential mortgage loans
 
 
274
 
  
 
 
  
 
42
 
  
Consumer loans:
 
 
 
  
 
 
  
 
 
  
Home equity
 
 
15
 
  
 
 
  
 
-
 
  
Credit card
 
 
655
 
  
 
 
  
 
3
 
  
 
Total portfolio loans and leases
 
 
961
 
  
$
    
 
  
 
66
 
  
 
(a)
Excludes all loans and leases held for sale and loans acquired with deteriorated credit quality.
(b)
Excludes loans classified as TDRs as a result of the Bancorp’s conformance to OCC guidance with regard to
non-reaffirmed
loans included in Chapter 7 bankruptcy filings.
 
 
December 31, 2018 ($ in millions)
(a)
  
Number of
Contracts
   
   
Recorded
Investment
   
 
Commercial loans and leases:
   
     
     
   
Commercial and industrial loans
   
8
     $
    
      
61
    
Commercial mortgage owner-occupied loans
   
2
      
     
-
    
Residential mortgage loans
   
225
      
     
35
    
Consumer loans:
   
     
     
   
Home equity
   
10
      
     
-
    
Credit card
   
655
      
     
4
    
 
Total portfolio loans and leases
   
900
     $
    
      
100
    
 
(a)
Excludes all loans and leases held for sale and loans acquired with deteriorated credit quality.
 
 
December 31, 2017 ($ in millions)
(a)
  
Number of
Contracts
   
   
Recorded
Investment
   
 
Commercial loans and leases:
   
     
     
   
Commercial and industrial loans
   
7
     $
    
      
17
    
Commercial mortgage owner-occupied loans
   
4
      
     
1
    
Residential mortgage loans
   
172
      
     
24
    
Consumer loans:
   
     
     
   
Home equity
   
16
      
     
2
    
Credit card
   
1,633
      
     
8
    
 
Total portfolio loans and leases
   
1,832
     $
    
      
52
    
 
(a)
Excludes all loans and leases held for sale and loans acquired with deteriorated credit quality.