LOANS AND LEASES (Tables)

3 Months Ended

Mar. 31, 2022

Summary of Loans and Leases, Net of Unearned Income

Following is a summary of total loans and leases, net of unearned income:

TABLE 5.1



(in millions)	March 31, 2022		December 31, 2021
Commercial real estate	$	10,746	$	9,899
Commercial and industrial	6,220		5,977
Commercial leases	471		495
Other	144		94
Total commercial loans and leases	17,581		16,465
Direct installment	2,568		2,376
Residential mortgages	4,188		3,654
Indirect installment	1,216		1,227
Consumer lines of credit	1,286		1,246
Total consumer loans	9,258		8,503
Total loans and leases, net of unearned income	$	26,839	$	24,968

Certain Information Relating to Commercial Real Estate Loans

The following table shows occupancy information relating to commercial real estate loans:

TABLE 5.2


(dollars in millions)	March 31, 2022		December 31, 2021
Commercial real estate:
Percent owner-occupied	29.3	%	28.8	%
Percent non-owner-occupied	70.7		71.2

Summary of Loan, Credit Quality Indicators

We use an internal risk rating assigned to a commercial loan or lease at origination, summarized below.

TABLE 5.3


Rating Category			Definition
Pass			in general, the condition of the borrower and the performance of the loan is satisfactory or better

Special Mention			in general, the condition of the borrower has deteriorated, requiring an increased level of monitoring

Substandard			in general, the condition of the borrower has significantly deteriorated and the performance of the loan could further deteriorate if deficiencies are not corrected

Doubtful			in general, the condition of the borrower has significantly deteriorated and the collection in full of both principal and interest is highly questionable or improbable

Schedule of Financing Receivables, Originated Year

The following tables summarize the designated loan rating category by loan class including term loans on an amortized cost basis by origination year:

TABLE 5.4


March 31, 2022	2022		2021		2020		2019		2018		Prior		Revolving Loans Amortized Cost Basis		Total
(in millions)
COMMERCIAL
Commercial Real Estate:
Risk Rating:
Pass	$	423	$	2,123	$	1,813	$	1,480	$	839	$	2,937	$	196	$	9,811
Special Mention	—		44		24		93		101		306		1		569
Substandard	—		—		16		43		54		244		9		366

Total commercial real estate	423		2,167		1,853		1,616		994		3,487		206		10,746
Commercial and Industrial:
Risk Rating:
Pass	426		1,444		823		697		390		475		1,576		5,831
Special Mention	1		7		16		18		28		101		32		203
Substandard	—		8		11		14		26		62		65		186

Total commercial and industrial	427		1,459		850		729		444		638		1,673		6,220
Commercial Leases:
Risk Rating:
Pass	22		165		98		48		40		90		—		463
Special Mention	—		1		—		—		—		—		—		1
Substandard	—		—		2		2		—		3		—		7

Total commercial leases	22		166		100		50		40		93		—		471
Other Commercial:
Risk Rating:
Pass	57		—		—		—		—		15		72		144



Total other commercial	57		—		—		—		—		15		72		144
Total commercial loans and leases	929		3,792		2,803		2,395		1,478		4,233		1,951		17,581

CONSUMER
Direct Installment:
Current	265		983		523		197		112		475		—		2,555
Past due	—		—		1		1		1		10		—		13
Total direct installment	265		983		524		198		113		485		—		2,568
Residential Mortgages:
Current	237		1,470		929		418		152		935		—		4,141
Past due	—		4		4		2		3		34		—		47
Total residential mortgages	237		1,474		933		420		155		969		—		4,188
Indirect Installment:
Current	127		478		235		137		149		78		—		1,204
Past due	—		5		2		2		1		2		—		12
Total indirect installment	127		483		237		139		150		80		—		1,216
Consumer Lines of Credit:
Current	32		20		2		4		5		133		1,075		1,271
Past due	—		—		—		—		—		13		2		15
Total consumer lines of credit	32		20		2		4		5		146		1,077		1,286
Total consumer loans	661		2,960		1,696		761		423		1,680		1,077		9,258
Total loans and leases	$	1,590	$	6,752	$	4,499	$	3,156	$	1,901	$	5,913	$	3,028	$	26,839


December 31, 2021	2021		2020		2019		2018		2017		Prior		Revolving Loans Amortized Cost Basis		Total
(in millions)
COMMERCIAL
Commercial Real Estate:
Risk Rating:
Pass	$	1,878	$	1,782	$	1,503	$	830	$	743	$	2,171	$	183	$	9,090
Special Mention	15		21		89		105		107		175		9		521
Substandard	—		15		28		45		45		152		3		288

Total commercial real estate	1,893		1,818		1,620		980		895		2,498		195		9,899
Commercial and Industrial:
Risk Rating:
Pass	1,663		833		731		386		184		296		1,509		5,602
Special Mention	8		12		18		7		37		42		52		176
Substandard	1		4		14		57		42		17		64		199

Total commercial and industrial	1,672		849		763		450		263		355		1,625		5,977
Commercial Leases:
Risk Rating:
Pass	182		109		98		53		39		1		—		482
Special Mention	—		1		—		2		3		1		—		7
Substandard	—		2		3		1		—		—		—		6

Total commercial leases	182		112		101		56		42		2		—		495
Other Commercial:
Risk Rating:
Pass	39		—		—		—		—		3		52		94



Total other commercial	39		—		—		—		—		3		52		94
Total commercial loans and leases	3,786		2,779		2,484		1,486		1,200		2,858		1,872		16,465

CONSUMER
Direct Installment:
Current	978		538		215		125		96		412		—		2,364
Past due	—		—		1		1		—		10		—		12
Total direct installment	978		538		216		126		96		422		—		2,376
Residential Mortgages:
Current	1,280		932		392		152		212		652		—		3,620
Past due	1		1		1		3		3		25		—		34
Total residential mortgages	1,281		933		393		155		215		677		—		3,654
Indirect Installment:
Current	516		262		157		178		64		35		—		1,212
Past due	6		3		2		2		1		1		—		15
Total indirect installment	522		265		159		180		65		36		—		1,227
Consumer Lines of Credit:
Current	20		3		4		5		3		127		1,072		1,234
Past due	—		—		—		—		—		10		2		12
Total consumer lines of credit	20		3		4		5		3		137		1,074		1,246
Total consumer loans	2,801		1,739		772		466		379		1,272		1,074		8,503
Total loans and leases	$	6,587	$	4,518	$	3,256	$	1,952	$	1,579	$	4,130	$	2,946	$	24,968

Age Analysis of Past Due Loans, by Class

The following tables provide an analysis of the aging of loans by class.

TABLE 5.5


(in millions)	30-89 Days Past Due		> 90 Days Past Due and Still Accruing		Non- Accrual		Total Past Due		Current		Total Loans and Leases		Non-accrual with No ACL
March 31, 2022
Commercial real estate	$	16	$	—	$	53	$	69	$	10,677	$	10,746	$	26
Commercial and industrial	6		—		12		18		6,202		6,220		1
Commercial leases	—		—		1		1		470		471		—
Other	2		—		1		3		141		144		—
Total commercial loans and leases	24		—		67		91		17,490		17,581		27
Direct installment	6		—		7		13		2,555		2,568		—
Residential mortgages	21		6		20		47		4,141		4,188		—
Indirect installment	10		—		2		12		1,204		1,216		—
Consumer lines of credit	7		2		6		15		1,271		1,286		—
Total consumer loans	44		8		35		87		9,171		9,258		—
Total loans and leases	$	68	$	8	$	102	$	178	$	26,661	$	26,839	$	27


(in millions)	30-89 Days Past Due		> 90 Days Past Due and Still Accruing		Non- Accrual		Total Past Due		Current		Total Loans and Leases		Non-accrual with No ACL
December 31, 2021
Commercial real estate	$	11	$	—	$	48	$	59	$	9,840	$	9,899	$	20
Commercial and industrial	4		—		15		19		5,958		5,977		4
Commercial leases	1		—		1		2		493		495		—
Other	—		—		—		—		94		94		—
Total commercial loans and leases	16		—		64		80		16,385		16,465		24
Direct installment	5		—		7		12		2,364		2,376		—
Residential mortgages	20		4		10		34		3,620		3,654		—
Indirect installment	12		1		2		15		1,212		1,227		—
Consumer lines of credit	6		1		5		12		1,234		1,246		—
Total consumer loans	43		6		24		73		8,430		8,503		—
Total loans and leases	$	59	$	6	$	88	$	153	$	24,815	$	24,968	$	24

Summary of Non-Performing Assets

Following is a summary of non-performing assets:

TABLE 5.6


(dollars in millions)	March 31, 2022			December 31, 2021
Non-accrual loans	$	102		$	88
Total non-performing loans	102			88
Other real estate owned	8			8
Total non-performing assets	$	110		$	96
Asset quality ratios:
Non-performing loans / total loans and leases	0.38		%	0.35		%
Non-performing assets + 90 days past due / total loans and leases + OREO	0.44			0.41

Summary of the Composition of Total TDRs

Following is a summary of the composition of total TDRs:

TABLE 5.7


(in millions)	March 31, 2022		December 31, 2021
Accruing	$	60	$	60
Non-accrual	32		32
Total TDRs	$	92	$	92

Summary of Troubled Debt Restructurings by Class of Loans

Following is a summary of TDR loans, by class, for loans that were modified during the periods indicated:

TABLE 5.8


	Three Months Ended March 31, 2022
(dollars in millions)		Number of Contracts	Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
Commercial real estate		2	$	—	$	—


Total commercial loans		2	—		—
Direct installment		13	—		—
Residential mortgages		5	1		1

Consumer lines of credit		3	—		—
Total consumer loans		21	1		1
Total		23	$	1	$	1


	Three Months Ended March 31, 2021
(dollars in millions)		Number of Contracts	Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
Commercial real estate		11	$	17	$	17
Commercial and industrial		1	—		—

Total commercial loans		12	17		17
Direct installment		10	—		—
Residential mortgages		2	1		1

Consumer lines of credit		10	1		1
Total consumer loans		22	2		2
Total		34	$	19	$	19

Summary of Troubled Debt Restructurings by Class of Loans and Leases, Payment Default

Following is a summary of TDRs, by class, for which there was a payment default, excluding loans that have been paid off and/or sold. Default occurs when a loan is 90 days or more past due and is within 12 months of restructuring.

TABLE 5.9


	Three Months Ended March 31, 2022
(dollars in millions)		Number of Contracts	Recorded Investment
Commercial real estate		3	$	—

Total commercial loans		3	—
Direct installment		1	—
Residential mortgages		1	—


Total consumer loans		2	—
Total		5	$	—


	Three Months Ended March 31, 2021
(dollars in millions)		Number of Contracts	Recorded Investment

Commercial and industrial		1	$	—
Total commercial loans		1	—

Residential mortgages		1	—


Total consumer loans		1	—
Total		2	$	—