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Loans and ACL (Tables)
 6 Months Ended
Jun. 30, 2019
Receivables [Abstract]  
Aging Analysis of Past Due Loans and Leases The following tables present loans and leases HFI by aging category:
 
 
Accruing
 
 
 
 
June 30, 2019
(Dollars in millions)
 
Current
 
30-89 Days Past Due
 
90 Days Or More Past Due
 
Nonperforming
 
Total
Commercial:
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
$
63,468

 
$
32

 
$
—

 
$
193

 
$
63,693

CRE
 
20,686

 
3

 
—

 
33

 
20,722

Lease financing
 
2,196

 
5

 
—

 
2

 
2,203

Retail:
 
 
 
 
 
 
 
 
 
 
Residential mortgage
 
31,673

 
480

 
350

 
104

 
32,607

Direct
 
11,370

 
58

 
10

 
54

 
11,492

Indirect
 
17,734

 
393

 
7

 
75

 
18,209

Revolving credit
 
3,197

 
28

 
14

 
—

 
3,239

PCI
 
378

 
17

 
26

 
—

 
421

Total
 
$
150,702

 
$
1,016

 
$
407

 
$
461

 
$
152,586

 
 
 
 
 
 
 
 
 
 
 
 
 
Accruing
 
 
 
 
December 31, 2018
(Dollars in millions)
 
Current
 
30-89 Days Past Due
 
90 Days Or More Past Due
 
Nonperforming
 
Total
Commercial:
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
$
61,701

 
$
34

 
$
—

 
$
200

 
$
61,935

CRE
 
20,990

 
5

 
—

 
65

 
21,060

Lease financing
 
2,014

 
1

 
—

 
3

 
2,018

Retail:
 
 

 
 

 
 

 
 

 
 
Residential mortgage
 
30,413

 
456

 
405

 
119

 
31,393

Direct
 
11,463

 
61

 
7

 
53

 
11,584

Indirect
 
16,901

 
436

 
6

 
82

 
17,425

Revolving credit
 
3,090

 
28

 
14

 
—

 
3,132

PCI
 
413

 
23

 
30

 
—

 
466

Total
 
$
146,985

 
$
1,044

 
$
462

 
$
522

 
$
149,013
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:
 
 
June 30, 2019
 
December 31, 2018
(Dollars in millions)
 
Commercial & Industrial
 
CRE
 
Lease Financing
 
Commercial & Industrial
 
CRE
 
Lease Financing
Commercial:
 
 
 
 
 
 
 
 
 
 
 
 
Pass
 
$
62,211

 
$
20,315

 
$
2,188

 
$
60,655

 
$
20,712

 
$
2,012

Special mention
 
386

 
112

 
1

 
216

 
61

 
—

Substandard-performing
 
903

 
262

 
12

 
864

 
222

 
3

Nonperforming
 
193

 
33

 
2

 
200

 
65

 
3

Total
 
$
63,693

 
$
20,722

 
$
2,203

 
$
61,935

 
$
21,060

 
$
2,018

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential Mortgage
 
Direct
 
Indirect
 
Residential Mortgage
 
Direct
 
Indirect
Retail:
 
 
 
 
 
 
 
 
 
 
 
 
Performing
 
$
32,503

 
$
11,438

 
$
18,134

 
$
31,274

 
$
11,531

 
$
17,343

Nonperforming
 
104

 
54

 
75

 
119

 
53

 
82

Total
 
$
32,607

 
$
11,492

 
$
18,209

 
$
31,393

 
$
11,584

 
$
17,425
Summary of Allowance for Credit Losses

The following tables present activity in the ACL:
(Dollars in millions)
 
Balance at Apr 1, 2018
 
Charge-Offs
 
Recoveries
 
Provision (Benefit)
 
Balance at Jun 30, 2018
Commercial:
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
$
522

 
$
(23
)
 
$
11

 
$
25

 
$
535

CRE
 
175

 
(2
)
 
1

 
17

 
191

Lease financing
 
10

 
(1
)
 
1

 
—

 
10

Retail:
 
 
 
 
 
 
 
 
 
 
Residential mortgage
 
216

 
(5
)
 
1

 
9

 
221

Direct
 
99

 
(17
)
 
6

 
9

 
97

Indirect
 
347

 
(82
)
 
17

 
71

 
353

Revolving credit
 
104

 
(21
)
 
5

 
17

 
105

PCI
 
25

 
—

 
—

 
(7
)
 
18

ALLL
 
1,498

 
(151
)
 
42

 
141

 
1,530

RUFC
 
116

 
—

 
—

 
(6
)
 
110

ACL
 
$
1,614

 
$
(151
)
 
$
42

 
$
135

 
$
1,640

 
 
 
 
 
 
 
 
 
 
 
(Dollars in millions)
 
Balance at Apr 1, 2019
 
Charge-Offs
 
Recoveries
 
Provision (Benefit)
 
Balance at Jun 30, 2019
Commercial:
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
$
548

 
$
(22
)
 
$
8

 
$
40

 
$
574

CRE
 
196

 
(18
)
 
3

 
20

 
201

Lease financing
 
11

 
—

 
—

 
(1
)
 
10

Retail:
 
 
 
 
 
 
 
 
 
 
Residential mortgage
 
225

 
(5
)
 
—

 
4

 
224

Direct
 
96

 
(22
)
 
7

 
18

 
99

Indirect
 
358

 
(91
)
 
19

 
73

 
359

Revolving credit
 
119

 
(25
)
 
4

 
22

 
120

PCI
 
8

 
—

 
—

 
—

 
8

ALLL
 
1,561

 
(183
)
 
41

 
176

 
1,595

RUFC
 
98

 
—

 
—

 
(4
)
 
94

ACL
 
$
1,659

 
$
(183
)
 
$
41

 
$
172

 
$
1,689

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

 
$
(46
)
 
$
19

 
$
40

 
$
535

CRE
 
160

 
(8
)
 
3

 
36

 
191

Lease financing
 
9

 
(2
)
 
1

 
2

 
10

Retail:
 
 

 
 

 
 

 
 

 
 
Residential mortgage
 
209

 
(9
)
 
1

 
20

 
221

Direct
 
106

 
(36
)
 
12

 
15

 
97

Indirect
 
348

 
(189
)
 
32

 
162

 
353

Revolving credit
 
108

 
(42
)
 
10

 
29

 
105

PCI
 
28

 
—

 
—

 
(10
)
 
18

ALLL
 
1,490

 
(332
)
 
78

 
294

 
1,530

RUFC
 
119

 
—

 
—

 
(9
)
 
110

ACL
 
$
1,609

 
$
(332
)
 
$
78

 
$
285

 
$
1,640

 
 
 
 
 
 
 
 
 
 
 

(Dollars in millions)
 
Balance at Jan 1, 2019
 
Charge-Offs
 
Recoveries
 
Provision (Benefit)
 
Balance at Jun 30, 2019
Commercial:
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
$
546

 
$
(39
)
 
$
14

 
$
53

 
$
574

CRE
 
190

 
(26
)
 
4

 
33

 
201

Lease financing
 
11

 
(1
)
 
—

 
—

 
10

Retail:
 
 

 
 

 
 

 
 

 
 
Residential mortgage
 
232

 
(10
)
 
1

 
1

 
224

Direct
 
97

 
(40
)
 
13

 
29

 
99

Indirect
 
356

 
(200
)
 
36

 
167

 
359

Revolving credit
 
117

 
(51
)
 
10

 
44

 
120

PCI
 
9

 
—

 
—

 
(1
)
 
8

ALLL
 
1,558

 
(367
)
 
78

 
326

 
1,595

RUFC
 
93

 
—

 
—

 
1

 
94

ACL
 
$
1,651

 
$
(367
)
 
$
78

 
$
327

 
$
1,689
Schedule Of Loans Collectively Evaluated For Impairment
The following table provides a summary of loans that are collectively evaluated for impairment:
 
 
June 30, 2019
 
December 31, 2018
(Dollars in millions)
 
Recorded Investment
 
Related ALLL
 
Recorded Investment
 
Related ALLL
Commercial:
 
 
 
 
 
 
 
 
Commercial and industrial
 
$
63,383

 
$
546

 
$
61,629

 
$
521

CRE
 
20,667

 
197

 
20,960

 
181

Lease financing
 
2,201

 
10

 
2,015

 
11

Retail:
 
 
 
 
 
 
 
 
Residential mortgage
 
31,842

 
168

 
30,539

 
164

Direct
 
11,427

 
94

 
11,517

 
92

Indirect
 
17,873

 
298

 
17,099

 
299

Revolving credit
 
3,210

 
109

 
3,104

 
106

PCI
 
421

 
8

 
466

 
9

Total
 
$
151,024

 
$
1,430

 
$
147,329

 
$
1,383
Schedule of Loans Individually Evaluated for Impairment
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 Six Months Ended June 30, 2019
(Dollars in millions)
 
Without an ALLL
 
With an ALLL
 
 
 
Commercial:
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
321

 
$
89

 
$
221

 
$
28

 
$
309

 
$
3

CRE
62

 
5

 
50

 
4

 
100

 
1

Lease financing
2

 
—

 
2

 
—

 
2

 
—

Retail:
 
 
 
 
 
 
 
 
 
 
 
Residential mortgage
813

 
106

 
659

 
56

 
858

 
19

Direct
82

 
26

 
39

 
5

 
66

 
2

Indirect
346

 
5

 
331

 
61

 
328

 
26

Revolving credit
29

 
—

 
29

 
11

 
29

 
1

Total
$
1,655

 
$
231

 
$
1,331

 
$
165

 
$
1,692

 
$
52

 
 
 
 
 
 
 
 
 
 
 
 
 
UPB
 
Recorded Investment
 
Related ALLL
 
Average Recorded Investment
 
Interest Income Recognized
As of / For The Year Ended December 31, 2018
(Dollars in millions)
 
Without an ALLL
 
With an ALLL
 
 
 
Commercial:
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
318

 
$
95

 
$
211

 
$
25

 
$
343

 
$
6

CRE
102

 
29

 
71

 
9

 
97

 
2

Lease financing
3

 
—

 
3

 
—

 
6

 
—

Retail:
 
 
 

 
 

 
 

 
 

 
 

Residential mortgage
904

 
122

 
732

 
68

 
841

 
34

Direct
86

 
26

 
41

 
5

 
72

 
4

Indirect
335

 
6

 
320

 
57

 
306

 
46

Revolving credit
28

 
—

 
28

 
11

 
29

 
1

Total
$
1,776

 
$
278

 
$
1,406

 
$
175

 
$
1,694

 
$
93
Schedule of Performing and Nonperforming TDRs
The following table presents a summary of TDRs, all of which are considered impaired:
(Dollars in millions)
 
Jun 30, 2019
 
Dec 31, 2018
Performing TDRs:
 
 
 
 
Commercial:
 
 
 
 
Commercial and industrial
 
$
84

 
$
65

CRE
 
8

 
10

Retail:
 
 
 
 
Residential mortgage
 
581

 
656

Direct
 
53

 
55

Indirect
 
315

 
305

Revolving credit
 
29

 
28

Total performing TDRs
 
1,070

 
1,119

Nonperforming TDRs (also included in NPL disclosures)
 
135

 
176

Total TDRs
 
$
1,205

 
$
1,295

ALLL attributable to TDRs
 
$
149

 
$
146
Summary Of Primary Reason Loan Modifications Were Classified 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.
 
2019
 
2018
Three Months Ended June 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
$
24

 
$
3

 
$
1

 
$
20

 
$
33

 
$
—

CRE
—

 
1

 
—

 
8

 
1

 
—

Retail:
 

 
 

 
 

 
 

 
 

 
 

Residential mortgage
49

 
6

 
3

 
58

 
5

 
4

Direct
2

 
1

 
—

 
2

 
1

 
—

Indirect
50

 
1

 
6

 
45

 
1

 
5

Revolving credit
5

 
—

 
1

 
4

 
—

 
1

Re-modification of previously designated TDRs
14

 
11

 
—

 
31

 
5

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
2019
 
2018
Six Months Ended June 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
$
50

 
$
6

 
$
2

 
$
30

 
$
43

 
$
—

CRE
1

 
1

 
—

 
27

 
2

 
—

Retail:
 

 
 

 
 

 
 

 
 

 
 

Residential mortgage
122

 
14

 
7

 
140

 
15

 
9

Direct
5

 
2

 
—

 
4

 
1

 
—

Indirect
98

 
2

 
12

 
87

 
2

 
10

Revolving credit
11

 
—

 
2

 
9

 
—

 
2

Re-modification of previously designated TDRs
37

 
16

 
—

 
52

 
10

 
—