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Loans and ACL (Tables)
 9 Months Ended
Sep. 30, 2018
Receivables [Abstract]  
Aging Analysis of Past Due Loans and Leases
The following tables present loans and leases HFI by aging category:
 
 
Accruing
 
 
 
 
September 30, 2018
(Dollars in millions)
 
Current
 
30-89 Days Past Due
 
90 Days Or More Past Due
 
Nonperforming
 
Total
Commercial:
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
$
59,449

 
$
35

 
$
—

 
$
238

 
$
59,722

CRE
 
21,416

 
4

 
—

 
46

 
21,466

Lease financing
 
2,021

 
1

 
—

 
6

 
2,028

Retail:
 
 
 
 
 
 
 
 
 
 
Residential mortgage
 
29,824

 
510

 
367

 
120

 
30,821

Direct
 
11,498

 
59

 
6

 
55

 
11,618

Indirect
 
16,972

 
418

 
6

 
72

 
17,468

Revolving credit
 
3,031

 
27

 
12

 
—

 
3,070

PCI
 
436

 
21

 
40

 
—

 
497

Total
 
$
144,647

 
$
1,075

 
$
431

 
$
537

 
$
146,690

 
 
 
 
 
 
 
 
 
 
 
 
 
Accruing
 
 
 
 
December 31, 2017
 
Current
 
30-89 Days Past Due
 
90 Days Or More Past Due
 
Nonperforming
 
Total
Commercial:
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
$
58,852

 
$
41

 
$
1

 
$
259

 
$
59,153

CRE
 
21,209

 
8

 
1

 
45

 
21,263

Lease financing
 
1,906

 
4

 
—

 
1

 
1,911

Retail:
 
 

 
 

 
 

 
 

 
 
Residential mortgage
 
27,659

 
472

 
465

 
129

 
28,725

Direct
 
11,756

 
65

 
6

 
64

 
11,891

Indirect
 
16,745

 
412

 
6

 
72

 
17,235

Revolving credit
 
2,837

 
23

 
12

 
—

 
2,872

PCI
 
567

 
27

 
57

 
—

 
651

Total
 
$
141,531

 
$
1,052

 
$
548

 
$
570

 
$
143,701
Schedule of Carrying Amounts by Risk Rating
The following table presents the carrying amount of loans by risk rating. PCI loans are excluded because their related ALLL is determined by loan pool performance and revolving credit loans are excluded as the loans are charged-off rather than reclassifying to nonperforming:
 
 
September 30, 2018
 
December 31, 2017
(Dollars in millions)
 
Commercial & Industrial
 
CRE
 
Lease Financing
 
Commercial & Industrial
 
CRE
 
Lease Financing
Commercial:
 
 
 
 
 
 
 
 
 
 
 
 
Pass
 
$
58,609

 
$
21,122

 
$
2,016

 
$
57,700

 
$
20,862

 
$
1,881

Special mention
 
173

 
57

 
2

 
268

 
48

 
6

Substandard-performing
 
702

 
241

 
4

 
926

 
308

 
23

Nonperforming
 
238

 
46

 
6

 
259

 
45

 
1

Total
 
$
59,722

 
$
21,466

 
$
2,028

 
$
59,153

 
$
21,263

 
$
1,911

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential Mortgage
 
Direct
 
Indirect
 
Residential Mortgage
 
Direct
 
Indirect
Retail:
 
 
 
 
 
 
 
 
 
 
 
 
Performing
 
$
30,701

 
$
11,563

 
$
17,396

 
$
28,596

 
$
11,827

 
$
17,163

Nonperforming
 
120

 
55

 
72

 
129

 
64

 
72

Total
 
$
30,821

 
$
11,618

 
$
17,468

 
$
28,725

 
$
11,891

 
$
17,235
Summary of Allowance for Credit Losses
The following tables present activity in the ACL:
Three Months Ended September 30, 2017
(Dollars in millions)
 
Balance at Jul 1, 2017
 
Charge-Offs
 
Recoveries
 
Provision (Benefit)
 
Balance at Sep 30, 2017
Commercial:
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
$
515

 
$
(13
)
 
$
8

 
$
7

 
$
517

CRE
 
166

 
(4
)
 
3

 
—

 
165

Lease financing
 
9

 
(2
)
 
1

 
2

 
10

Retail:
 
 
 
 
 
 
 
 
 
 
Residential mortgage
 
211

 
(7
)
 
—

 
3

 
207

Direct
 
100

 
(16
)
 
6

 
11

 
101

Indirect
 
353

 
(103
)
 
14

 
86

 
350

Revolving credit
 
101

 
(17
)
 
4

 
13

 
101

PCI
 
30

 
(1
)
 
—

 
(2
)
 
27

ALLL
 
1,485

 
(163
)
 
36

 
120

 
1,478

RUFC
 
117

 
—

 
—

 
6

 
123

ACL
 
$
1,602

 
$
(163
)
 
$
36

 
$
126

 
$
1,601

 
 
 
 
 
 
 
 
 
 
 
Three Months Ended September 30, 2018
(Dollars in millions)
 
Balance at Jul 1, 2018
 
Charge-Offs
 
Recoveries
 
Provision (Benefit)
 
Balance at Sep 30, 2018
Commercial:
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
$
535

 
$
(28
)
 
$
13

 
$
21

 
$
541

CRE
 
191

 
—

 
1

 
(1
)
 
191

Lease financing
 
10

 
(1
)
 
—

 
1

 
10

Retail:
 
 
 
 
 
 
 
 
 
 
Residential mortgage
 
221

 
(4
)
 
—

 
8

 
225

Direct
 
97

 
(17
)
 
6

 
11

 
97

Indirect
 
353

 
(94
)
 
15

 
79

 
353

Revolving credit
 
105

 
(20
)
 
4

 
22

 
111

PCI
 
18

 
(2
)
 
—

 
(6
)
 
10

ALLL
 
1,530

 
(166
)
 
39

 
135

 
1,538

RUFC
 
110

 
—

 
—

 
—

 
110

ACL
 
$
1,640

 
$
(166
)
 
$
39

 
$
135

 
$
1,648

 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2017
(Dollars in millions)
 
Balance at Jan 1, 2017
 
Charge-Offs
 
Recoveries
 
Provision (Benefit)
 
Balance at Sep 30, 2017
Commercial:
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
$
530

 
$
(72
)
 
$
24

 
$
35

 
$
517

CRE
 
145

 
(8
)
 
12

 
16

 
165

Lease financing
 
7

 
(4
)
 
1

 
6

 
10

Retail:
 
 

 
 

 
 

 
 

 
 
Residential mortgage
 
227

 
(39
)
 
1

 
18

 
207

Direct
 
103

 
(46
)
 
19

 
25

 
101

Indirect
 
327

 
(298
)
 
47

 
274

 
350

Revolving credit
 
106

 
(57
)
 
14

 
38

 
101

PCI
 
44

 
(1
)
 
—

 
(16
)
 
27

ALLL
 
1,489

 
(525
)
 
118

 
396

 
1,478

RUFC
 
110

 
—

 
—

 
13

 
123

ACL
 
$
1,599

 
$
(525
)
 
$
118

 
$
409

 
$
1,601

 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2018
(Dollars in millions)
 
Balance at Jan 1, 2018
 
Charge-Offs
 
Recoveries
 
Provision (Benefit)
 
Balance at Sep 30, 2018
Commercial:
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
$
522

 
$
(74
)
 
$
32

 
$
61

 
$
541

CRE
 
160

 
(8
)
 
4

 
35

 
191

Lease financing
 
9

 
(3
)
 
1

 
3

 
10

Retail:
 
 

 
 

 
 

 
 

 
 
Residential mortgage
 
209

 
(13
)
 
1

 
28

 
225

Direct
 
106

 
(53
)
 
18

 
26

 
97

Indirect
 
348

 
(283
)
 
47

 
241

 
353

Revolving credit
 
108

 
(62
)
 
14

 
51

 
111

PCI
 
28

 
(2
)
 
—

 
(16
)
 
10

ALLL
 
1,490

 
(498
)
 
117

 
429

 
1,538

RUFC
 
119

 
—

 
—

 
(9
)
 
110

ACL
 
$
1,609

 
$
(498
)
 
$
117

 
$
420

 
$
1,648
Summary Of Loans Collectively Evaluated For Impairment
The following table provides a summary of loans that are collectively evaluated for impairment:
 
 
September 30, 2018
 
December 31, 2017
(Dollars in millions)
 
Recorded Investment
 
Related ALLL
 
Recorded Investment
 
Related ALLL
Commercial:
 
 
 
 
 
 
 
 
Commercial and industrial
 
$
59,380

 
$
513

 
$
58,804

 
$
494

CRE
 
21,383

 
182

 
21,173

 
154

Lease financing
 
2,022

 
10

 
1,910

 
9

Retail:
 
 
 
 
 
 
 
 
Residential mortgage
 
29,980

 
160

 
27,914

 
143

Direct
 
11,549

 
92

 
11,815

 
98

Indirect
 
17,154

 
298

 
16,935

 
296

Revolving credit
 
3,042

 
101

 
2,842

 
97

PCI
 
497

 
10

 
651

 
28

Total
 
$
145,007

 
$
1,366

 
$
142,044

 
$
1,319
Schedule of Information Regarding Impaired Loans
The following tables set forth certain information regarding impaired loans, excluding PCI and LHFS, that were individually evaluated for impairment:

 
UPB
 
Recorded Investment
 
Related ALLL
 
Average Recorded Investment
 
Interest Income Recognized
As of / For The Nine Months Ended September 30, 2018
(Dollars in millions)
 
 
Without an ALLL
 
With an ALLL
 
 
 
Commercial:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
$
358

 
$
137

 
$
205

 
$
28

 
$
354

 
$
4

CRE
 
94

 
17

 
66

 
9

 
94

 
1

Lease financing
 
7

 
4

 
2

 
—

 
8

 
—

Retail:
 
 
 
 
 
 
 
 
 
 
 
 
Residential mortgage
 
889

 
133

 
708

 
65

 
832

 
26

Direct
 
89

 
26

 
43

 
5

 
72

 
3

Indirect
 
322

 
6

 
308

 
55

 
301

 
34

Revolving credit
 
28

 
—

 
28

 
10

 
29

 
1

Total
 
$
1,787

 
$
323

 
$
1,360

 
$
172

 
$
1,690

 
$
69

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
UPB
 
Recorded Investment
 
Related ALLL
 
Average Recorded Investment
 
Interest Income Recognized
As of / For The Year Ended December 31, 2017
(Dollars in millions)
 
 
Without an ALLL
 
With an ALLL
 
 
 
Commercial:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
$
381

 
$
136

 
$
213

 
$
28

 
$
424

 
$
6

CRE
 
91

 
26

 
64

 
6

 
109

 
3

Lease financing
 
1

 
—

 
1

 
—

 
3

 
—

Retail:
 
 
 
 

 
 

 
 

 
 

 
 

Residential mortgage
 
860

 
132

 
679

 
67

 
895

 
37

Direct
 
99

 
22

 
54

 
8

 
78

 
4

Indirect
 
308

 
6

 
294

 
52

 
269

 
41

Revolving credit
 
30

 
—

 
30

 
10

 
29

 
1

Total
 
$
1,770

 
$
322

 
$
1,335

 
$
171

 
$
1,807

 
$
92
Schedule of Performing and Nonperforming TDRs
The following table presents a summary of TDRs, all of which are considered impaired:
(Dollars in millions)
 
Sep 30, 2018
 
Dec 31, 2017
Performing TDRs:
 
 
 
 
Commercial:
 
 
 
 
Commercial and industrial
 
$
56

 
$
50

CRE
 
12

 
16

Lease financing
 
—

 
—

Retail:
 
 
 
 
Residential mortgage
 
643

 
605

Direct
 
56

 
62

Indirect
 
295

 
281

Revolving credit
 
28

 
29

Total performing TDRs
 
1,090

 
1,043

Nonperforming TDRs (also included in NPL disclosures)
 
176

 
189

Total TDRs
 
$
1,266

 
$
1,232

ALLL attributable to TDRs
 
$
143

 
$
142
Summary Of Reason For Classification As TDRs
The primary reason loan modifications were classified as TDRs is summarized below. Balances represent the recorded investment at the end of the quarter in which the modification was made. Rate modifications consist of TDRs made with below market interest rates, including those that also have modifications of loan structures.
 
2018
 
2017
Three Months Ended September 30,
(Dollars in millions)
Type of Modification
 
ALLL Impact
 
Type of Modification
 
ALLL Impact
Rate
 
Structure
 
 
Rate
 
Structure
 
Newly designated TDRs:
 
 
 
 
 
 
 
 
 
 
 
Commercial:
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
39

 
$
3

 
$
—

 
$
17

 
$
36

 
$
1

CRE
—

 
1

 
—

 
—

 
5

 
—

Retail:
 

 
 

 
 

 
 

 
 

 
 

Residential mortgage
53

 
7

 
3

 
79

 
17

 
5

Direct
2

 
1

 
—

 
2

 
1

 
—

Indirect
52

 
1

 
6

 
62

 
1

 
8

Revolving credit
4

 
—

 
1

 
5

 
—

 
1

Re-modification of previously designated TDRs
13

 
1

 
—

 
63

 
4

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
2018
 
2017
Nine Months Ended September 30,
(Dollars in millions)
Type of Modification
 
ALLL Impact
 
Type of Modification
 
ALLL Impact
Rate
 
Structure
 
 
Rate
 
Structure
 
Newly designated TDRs:
 
 
 
 
 
 
 
 
 
 
 
Commercial:
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
69

 
$
46

 
$
—

 
$
72

 
$
92

 
$
3

CRE
27

 
3

 
—

 
14

 
10

 
1

Retail:
 

 
 

 
 

 
 

 
 

 
 

Residential mortgage
193

 
22

 
12

 
289

 
29

 
21

Direct
6

 
2

 
—

 
7

 
3

 
—

Indirect
139

 
3

 
16

 
140

 
5

 
16

Revolving credit
13

 
—

 
3

 
14

 
—

 
3

Re-modification of previously designated TDRs
65

 
11

 
—

 
148

 
26

 
—