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Loans and the Allowance for Credit Losses
 6 Months Ended
Jun. 30, 2021
Receivables [Abstract]  
Loans and the Allowance for Credit Losses
NOTE 3. LOANS AND THE ALLOWANCE FOR CREDIT LOSSES
LOANS
The following table presents the distribution of Regions' loan portfolio by segment and class, net of unearned income:
June 30, 2021December 31, 2020
 (In millions)
Commercial and industrial$42,628 $42,870 
Commercial real estate mortgage—owner-occupied5,381 5,405 
Commercial real estate construction—owner-occupied245 300 
Total commercial48,254 48,575 
Commercial investor real estate mortgage5,449 5,394 
Commercial investor real estate construction1,799 1,869 
Total investor real estate7,248 7,263 
Residential first mortgage17,051 16,575 
Home equity lines4,057 4,539 
Home equity loans2,588 2,713 
Indirect—vehicles621 934 
Indirect—other consumer2,157 2,431 
Consumer credit card1,131 1,213 
Other consumer967 1,023 
Total consumer28,572 29,428 
Total loans, net of unearned income$84,074 $85,266 
During the six months ended June 30, 2021 and 2020, Regions purchased approximately $532 million and $902 million in indirect-other consumer, residential first mortgage and commercial and industrial loans from third parties, respectively.
At June 30, 2021, $15.2 billion in securities and net eligible loans held by Regions were pledged for potential borrowings from the FHLB. At June 30, 2021, an additional $12.8 billion in net eligible loans held by Regions were pledged to the FRB for potential borrowings.
Included in the commercial and industrial loan balance are sales-type and direct financing leases totaling $1.2 billion as of June 30, 2021, with related income of $31 million for the six months ended June 30, 2021.
ALLOWANCE FOR CREDIT LOSSES
Regions determines the appropriate level of the allowance on a quarterly basis. Refer to Note 1 "Summary of Significant Accounting Policies" to the consolidated financial statements to the Annual Report on Form 10-K for the year ended December 31, 2020, for a description of the methodology.
As of June 30, 2021, Regions' total loans included $2.9 billion of PPP loans. These loans are guaranteed by the Federal government and as the guarantee is not separable from the loans, Regions recorded an immaterial allowance on these loans.
ROLLFORWARD OF ALLOWANCE FOR CREDIT LOSSES
During the six months ended June 30, 2021, Regions decreased the allowance by $609 million to $1.7 billion, which represents management's best estimate of expected losses over the life of the portfolio. The decrease was due primarily to continued improvement in the economic outlook due to vaccine deployment, lower expectations of future credit losses due to the benefit of government stimulus programs, and impact of expected charge-offs that were previously provided for. While the allowance estimate reflects these benefits, elevated levels of imprecision remain due to continued uncertainty regarding the timing of full economic recovery.
Macroeconomic factors utilized in the CECL loss models include, but are not limited to, unemployment rate, GDP, HPI and the S&P 500 index, with unemployment being the most significant macroeconomic factor. Regions' models are sensitive to changes in the economic scenarios. The June 30, 2021 economic forecast was relatively consistent with the March 2021 forecast with the exception of the HPI which had meaningful increases during the quarter. Risks to the economic forecast and the model limitations are considered through model adjustments and the qualitative framework.
The following tables present analyses of the allowance by portfolio segment for the three and six months ended June 30, 2021 and 2020.
 Three Months Ended June 30, 2021
 CommercialInvestor Real
Estate		ConsumerTotal
 (In millions)
Allowance for loan losses, April 1, 2021$1,082 $150 $744 $1,976 
Provision for (benefit from) loan losses(203)(57)(72)(332)
Loan losses:
Charge-offs(36)(4)(43)(83)
Recoveries15 2 19 36 
Net loan (losses) recoveries(21)(2)(24)(47)
Allowance for loan losses, June 30, 2021858 91 648 1,597 
Reserve for unfunded credit commitments, April 1, 202167 11 14 92 
Provision for (benefit from) unfunded credit commitments(6)2 (1)(5)
Reserve for unfunded credit commitments, June 30, 202161 13 13 87 
Allowance for credit losses, June 30, 2021$919 $104 $661 $1,684 
 Three Months Ended June 30, 2020
 CommercialInvestor Real
Estate		ConsumerTotal
 (In millions)
Allowance for loan losses, April 1, 2020$721 $63 $776 $1,560 
Provision for (benefit from) loan losses622 97 119 838 
Initial allowance on acquired PCD loans60 — — 60 
Loan losses:
Charge-offs(142)— (62)(204)
Recoveries10 — 12 22 
Net loan (losses) recoveries(132)— (50)(182)
Allowance for loan losses, June 30, 20201,271 160 845 2,276 
Reserve for unfunded credit commitments, April 1, 202073 18 14 105 
Provision for (benefit from) unfunded credit commitments34 9 1 44 
Reserve for unfunded credit commitments, June 30, 2020107 27 15 149 
Allowance for credit losses, June 30, 2020$1,378 $187 $860 $2,425 
 Six Months Ended June 30, 2021
 CommercialInvestor Real
Estate		ConsumerTotal
 (In millions)
Allowance for loan losses, January 1, 2021$1,196 $183 $788 $2,167 
Provision for (benefit from) loan losses(286)(75)(79)(440)
Loan losses:
Charge-offs(83)(19)(95)(197)
Recoveries31 2 34 67 
Net loan (losses) recoveries(52)(17)(61)(130)
Allowance for loan losses, June 30, 2021858 91 648 1,597 
Reserve for unfunded credit commitments, January 1, 202197 14 15 126 
Provision for (benefit from) unfunded credit commitments(36)(1)(2)(39)
Reserve for unfunded credit commitments, June 30, 202161 13 13 87 
Allowance for credit losses, June 30, 2021$919 $104 $661 $1,684 

 Six Months Ended June 30, 2020
 CommercialInvestor Real
Estate		ConsumerTotal
 (In millions)
Allowance for loan losses, December 31, 2019$537 $45 $287 $869 
Cumulative change in accounting guidance(3)7 434 438 
Allowance for loan losses, January 1, 2020 (adjusted for change in accounting guidance)$534 $52 $721 $1,307 
Provision for (benefit from) loan losses873 107 234 1,214 
Initial allowance on acquired PCD loans60 — — 60 
Loan losses:
Charge-offs(213)— (135)(348)
Recoveries17 1 25 43 
Net loan (losses) recoveries(196)1 (110)(305)
Allowance for loan losses, June 30, 20201,271 160 845 2,276 
Reserve for unfunded credit commitments, December 31, 201941 4 — 45 
Cumulative change in accounting guidance36 13 14 63 
Reserve for unfunded credit commitments, January 1, 2020 (adjusted for change in accounting guidance)77 17 14 108 
Provision (credit) for unfunded credit losses30 10 1 41 
Reserve for unfunded credit commitments, June 30, 2020107 27 15 149 
Allowance for credit losses, June 30, 2020$1,378 $187 $860 $2,425 
PORTFOLIO SEGMENT RISK FACTORS
Regions’ portfolio segments are commercial, investor real estate and consumer. Classes within each segment present unique credit risks. Refer to Note 6 "Allowance for Credit Losses" in the Annual Report on Form 10-K for the year ended December 31, 2020 for information regarding Regions’ portfolio segments and related classes, as well as the risks specific to each.
CREDIT QUALITY INDICATORS
The commercial and investor real estate portfolio segments’ primary credit quality indicator is internal risk ratings which are detailed by categories related to underlying credit quality and probability of default. Regions assigns these risk ratings at loan origination and reviews the relationship utilizing a risk-based approach on, at minimum, an annual basis or at any time management becomes aware of information affecting the borrowers' ability to fulfill their obligations. Both quantitative and qualitative factors are considered in this review process. Regions' ratings are aligned to federal banking regulators’ definitions and are utilized to develop the associated allowance. Refer to Note 6 "Allowance for Credit Losses" in the Annual Report on Form 10-K for the year ended December 31, 2020 for information regarding commercial risk ratings.
Regions' consumer portfolio segment has various classes that present unique credit risks. Regions considers factors such as periodic updates of FICO scores, accrual status, days past due status, unemployment rates, home prices and geography as credit quality indicators for the consumer loan portfolio. FICO scores are obtained at origination as part of Regions' formal
underwriting process. Refreshed FICO scores are obtained by the Company quarterly for all consumer loans, including residential first mortgage loans. Current FICO data is not available for certain loans in the portfolio for various reasons; for example, if customers do not use sufficient credit, an updated score may not be available. These categories are utilized to develop the associated allowance for credit losses. The higher the FICO score the less probability of default and vice versa.
The following tables present applicable credit quality indicators for the loan portfolio segments and classes, excluding loans held for sale, by vintage year as of June 30, 2021 and December 31, 2020. Classes in the commercial and investor real estate portfolio segments are disclosed by risk rating. Classes in the consumer portfolio segment are disclosed by current FICO scores. Refer to Note 6 "Allowance for Credit Losses" in the Annual Report on Form 10-K for the year ended December 31, 2020 for more information regarding Regions' credit quality indicators.
June 30, 2021
Term LoansRevolving Loans Revolving Loans Converted to Amortizing
Unallocated (1)
Total
Origination Year
20212020201920182017Prior
(In millions)
Commercial and industrial:
   Risk Rating:
   Pass(2)
$6,383 $8,169 $5,010 $2,831 $1,984 $3,236 $12,961 $— $(90)$40,484 
   Special Mention29 81 163 178 $33 $61 507 — — 1,052 
   Substandard Accrual53 18 56 71 $38 $7 377 — — 620 
   Non-accrual66 47 59 88 $10 $19 183 — — 472 
Total commercial and industrial$6,531 $8,315 $5,288 $3,168 $2,065 $3,323 $14,028 $— $(90)$42,628 
Commercial real estate mortgage—owner-occupied:
   Risk Rating:
   Pass$655 $1,249 $830 $792 $477 $945 $134 $— $(4)$5,078 
   Special Mention3 51 18 24 7 47 1 — — 151 
   Substandard Accrual1 5 38 10 9 12 1 — — 76 
   Non-accrual2 8 15 16 21 13 1 — — 76 
Total commercial real estate mortgage—owner-occupied:$661 $1,313 $901 $842 $514 $1,017 $137 $— $(4)$5,381 
Commercial real estate construction—owner-occupied:
   Risk Rating:
   Pass$18 $64 $34 $37 $21 $50 $1 $— $— $225 
   Special Mention— — — — 2 — — — — 2 
   Substandard Accrual— — — — 2 6 — — — 8 
   Non-accrual1 1 — — 1 7 — — — 10 
Total commercial real estate construction—owner-occupied:$19 $65 $34 $37 $26 $63 $1 $— $— $245 
Total commercial$7,211 $9,693 $6,223 $4,047 $2,605 $4,403 $14,166 $— $(94)$48,254 
Commercial investor real estate mortgage:
   Risk Rating:
   Pass$883 $1,061 $1,169 $998 $236 $132 $276 $— $(5)$4,750 
   Special Mention24 82 190 2 15 10 — — — 323 
   Substandard Accrual40 69 176 57 15 8 7 — — 372 
   Non-accrual— — — 1 — 3 — — — 4 
Total commercial investor real estate mortgage$947 $1,212 $1,535 $1,058 $266 $153 $283 $— $(5)$5,449 
June 30, 2021
Term LoansRevolving Loans Revolving Loans Converted to Amortizing
Unallocated (1)
Total
Origination Year
20212020201920182017Prior
(In millions)
Commercial investor real estate construction:
   Risk Rating:
   Pass$116 $285 $516 $151 $1 $2 $682 $— $(10)$1,743 
   Special Mention— 1 55 — — — — — — 56 
   Substandard Accrual— — — — — — — — — — 
   Non-accrual— — — — — — — — — — 
Total commercial investor real estate construction$116 $286 $571 $151 $1 $2 $682 $— $(10)$1,799 
Total investor real estate$1,063 $1,498 $2,106 $1,209 $267 $155 $965 $— $(15)$7,248 
Residential first mortgage:
FICO scores
   Above 720$2,080 $5,577 $1,396 $583 $780 $3,201 $— $— $— $13,617 
   681-720251 440 141 79 86 408 — — — 1,405 
   620-680101 179 90 64 55 438 — — — 927 
   Below 62015 40 46 48 50 488 — — — 687 
   Data not available29 52 24 9 12 125 10 — 154 415 
Total residential first mortgage$2,476 $6,288 $1,697 $783 $983 $4,660 $10 $— $154 $17,051 
Home equity lines:
FICO scores
   Above 720$— $— $— $— $— $— $2,984 $49 $— $3,033 
   681-720— — — — — — 425 10 — 435 
   620-680— — — — — — 283 13 — 296 
   Below 620— — — — — — 152 8 — 160 
   Data not available— — — — — — 101 3 29 133 
Total home equity lines$— $— $— $— $— $— $3,945 $83 $29 $4,057 
Home equity loans
FICO scores
   Above 720$290 $376 $197 $184 $264 $722 $— $— $— $2,033 
   681-72042 44 31 25 31 90 — — — 263 
   620-68014 17 15 15 19 76 — — — 156 
   Below 6202 2 6 8 12 54 — — — 84 
   Data not available— 2 2 3 4 22 — — 19 52 
Total home equity loans$348 $441 $251 $235 $330 $964 $— $— $19 $2,588 
Indirect—vehicles:
FICO scores
   Above 720$— $— $13 $225 $94 $67 $— $— $— $399 
   681-720— — 3 36 15 12 — — — 66 
   620-680— — 3 31 16 15 — — — 65 
   Below 620— — 3 29 18 19 — — — 69 
   Data not available— — — 3 4 4 — — 11 22 
Total indirect- vehicles$— $— $22 $324 $147 $117 $— $— $11 $621 
June 30, 2021
Term LoansRevolving Loans Revolving Loans Converted to Amortizing
Unallocated (1)
Total
Origination Year
20212020201920182017Prior
(In millions)
Indirect—other consumer:
FICO scores
   Above 720$99 $393 $518 $305 $110 $69 $— $— $— $1,494 
   681-72015 61 127 84 32 19 — — — 338 
   620-6802 14 56 45 19 13 — — — 149 
   Below 620— 2 15 15 6 5 — — — 43 
   Data not available— — 3 3 2 1 — — 124 133 
Total indirect- other consumer$116 $470 $719 $452 $169 $107 $— $— $124 $2,157 
Consumer credit card:
FICO scores
   Above 720$— $— $— $— $— $— $642 $— $— $642 
   681-720— — — — — — 235 — — 235 
   620-680— — — — — — 186 — — 186 
   Below 620— — — — — — 74 — — 74 
   Data not available— — — — — — 8 — (14)(6)
Total consumer credit card$— $— $— $— $— $— $1,145 $— $(14)$1,131 
Other consumer:
FICO scores
   Above 720$120 $156 $112 $53 $16 $5 $113 $— $— $575 
   681-72039 42 28 11 2 1 52 — — 175 
   620-68023 25 17 7 2 1 36 — — 111 
   Below 6206 8 7 3 1 1 16 — — 42 
   Data not available59 — — — — — 3 — 2 64 
Total other consumer$247 $231 $164 $74 $21 $8 $220 $— $2 $967 
Total consumer loans$3,187 $7,430 $2,853 $1,868 $1,650 $5,856 $5,320 $83 $325 $28,572 
Total Loans$11,461 $18,621 $11,182 $7,124 $4,522 $10,414 $20,451 $83 $216 $84,074 
December 31, 2020
Term LoansRevolving Loans Revolving Loans Converted to Amortizing
Unallocated (1)
Total
Origination Year
20202019201820172016Prior
(In millions)
Commercial and industrial:
   Risk Rating:
   Pass(2)
$12,260 $6,115 $3,550 $2,413 $1,166 $2,493 $12,138 $— $(39)$40,096 
   Special Mention133 250 376 84 5 48 722 — — 1,618 
   Substandard Accrual41 50 78 55 20 4 490 — — 738 
   Non-accrual42 59 97 20 23 19 158 — — 418 
Total commercial and industrial$12,476 $6,474 $4,101 $2,572 $1,214 $2,564 $13,508 $— $(39)$42,870 
December 31, 2020
Term LoansRevolving Loans Revolving Loans Converted to Amortizing
Unallocated (1)
Total
Origination Year
20202019201820172016Prior
(In millions)
Commercial real estate mortgage—owner-occupied:
   Risk Rating:
   Pass$1,379 $882 $913 $547 $401 $801 $140 $— $(3)$5,060 
   Special Mention18 31 23 22 10 44 6 — — 154 
   Substandard Accrual3 38 16 16 4 15 2 — — 94 
   Non-accrual14 23 19 21 6 14 — — — 97 
Total commercial real estate mortgage—owner-occupied:$1,414 $974 $971 $606 $421 $874 $148 $— $(3)$5,405 
Commercial real estate construction—owner-occupied:
   Risk Rating:
   Pass$61 $75 $39 $24 $24 $40 $9 $— $— $272 
   Special Mention1 — — 2 2 — — — — 5 
   Substandard Accrual— 3 1 3 4 3 — — — 14 
   Non-accrual— — — 1 — 8 — — — 9 
Total commercial real estate construction—owner-occupied:$62 $78 $40 $30 $30 $51 $9 $— $— $300 
Total commercial$13,952 $7,526 $5,112 $3,208 $1,665 $3,489 $13,665 $— $(42)$48,575 
Commercial investor real estate mortgage:
   Risk Rating:
   Pass$1,663 $1,243 $1,137 $252 $65 $162 $332 $— $(5)$4,849 
   Special Mention5 77 76 15 — 7 — — — 180 
   Substandard Accrual69 114 57 — 2 9 — — — 251 
   Non-accrual— 44 1 — — 1 68 — — 114 
Total commercial investor real estate mortgage$1,737 $1,478 $1,271 $267 $67 $179 $400 $— $(5)$5,394 
Commercial investor real estate construction:
   Risk Rating:
   Pass$224 $601 $266 $1 $— $1 $679 $— $(11)$1,761 
   Special Mention30 36 31 — — — 9 — — 106 
   Substandard Accrual1 1 — — — — — — — 2 
   Non-accrual— — — — — — — — — — 
Total commercial investor real estate construction$255 $638 $297 $1 $— $1 $688 $— $(11)$1,869 
Total investor real estate$1,992 $2,116 $1,568 $268 $67 $180 $1,088 $— $(16)$7,263 
Residential first mortgage:
FICO scores
   Above 720$5,564 $1,738 $809 $1,023 $1,279 $2,709 $— $— $— $13,122 
   681-720525 189 103 112 113 360 — — — 1,402 
   620-680211 100 73 64 67 404 — — — 919 
   Below 62031 44 50 51 60 499 — — — 735 
   Data not available52 23 13 16 15 126 10 — 142 397 
Total residential first mortgage$6,383 $2,094 $1,048 $1,266 $1,534 $4,098 $10 $— $142 $16,575 
December 31, 2020
Term LoansRevolving Loans Revolving Loans Converted to Amortizing
Unallocated (1)
Total
Origination Year
20202019201820172016Prior
(In millions)
Home equity lines:
FICO scores
   Above 720$— $— $— $— $— $— $3,334 $45 $— $3,379 
   681-720— — — — — — 492 10 — 502 
   620-680— — — — — — 319 11 — 330 
   Below 620— — — — — — 181 7 — 188 
   Data not available— — — — — — 107 3 30 140 
Total home equity lines$— $— $— $— $— $— $4,433 $76 $30 $4,539 
Home equity loans
FICO scores
   Above 720$417 $251 $233 $325 $304 $580 $— $— $— $2,110 
   681-72057 40 35 39 37 76 — — — 284 
   620-68021 17 19 22 25 65 — — — 169 
   Below 6202 7 9 13 15 52 — — — 98 
   Data not available1 2 2 4 5 17 — — 21 52 
Total home equity loans$498 $317 $298 $403 $386 $790 $— $— $21 $2,713 
Indirect—vehicles:
FICO scores
   Above 720$— $18 $305 $137 $92 $40 $— $— $— $592 
   681-720— 5 50 22 16 8 — — — 101 
   620-680— 4 44 23 18 8 — — — 97 
   Below 620— 3 42 26 24 14 — — — 109 
   Data not available— — 4 6 4 4 — — 17 35 
Total indirect- vehicles$— $30 $445 $214 $154 $74 $— $— $17 $934 
Indirect—other consumer:
FICO scores
   Above 720$297 $721 $392 $138 $60 $31 $— $— $— $1,639 
   681-72039 173 116 41 18 9 — — — 396 
   620-6809 73 63 27 12 6 — — — 190 
   Below 6201 22 22 9 5 2 — — — 61 
   Data not available— 3 3 2 1 1 — — 135 145 
Total indirect- other consumer$346 $992 $596 $217 $96 $49 $— $— $135 $2,431 
Consumer credit card:
FICO scores
   Above 720$— $— $— $— $— $— $667 $— $— $667 
   681-720— — — — — — 255 — — 255 
   620-680— — — — — — 208 — — 208 
   Below 620— — — — — — 91 — — 91 
   Data not available— — — — — — 7 — (15)(8)
Total consumer credit card$— $— $— $— $— $— $1,228 $— $(15)$1,213 
December 31, 2020
Term LoansRevolving Loans Revolving Loans Converted to Amortizing
Unallocated (1)
Total
Origination Year
20202019201820172016Prior
(In millions)
Other consumer:
FICO scores
   Above 720$209 $163 $84 $30 $7 $3 $117 $— $— $613 
   681-72061 44 20 5 1 1 52 — — 184 
   620-68034 28 13 4 1 1 42 — — 123 
   Below 62011 11 6 3 1 — 19 — — 51 
   Data not available46 1 — — — — 3 — 2 52 
Total other consumer$361 $247 $123 $42 $10 $5 $233 $— $2 $1,023 
Total consumer loans$7,588 $3,680 $2,510 $2,142 $2,180 $5,016 $5,904 $76 $332 $29,428 
Total Loans$23,532 $13,322 $9,190 $5,618 $3,912 $8,685 $20,657 $76 $274 $85,266 
_________
(1)These amounts consist of fees that are not allocated at the loan level and loans serviced by third parties wherein Regions does not receive FICO or vintage information.
(2)Commercial and industrial lending includes PPP lending in the 2020 and 2021 vintage years.
AGING AND NON-ACCRUAL ANALYSIS
The following tables include an aging analysis of DPD and loans on non-accrual status for each portfolio segment and class as of June 30, 2021 and December 31, 2020. Loans on non-accrual status with no related allowance included $203 million and $112 million of commercial and industrial loans as of June 30, 2021 and December 31, 2020, respectively. Non–accrual loans with no related allowance typically include loans where the underlying collateral is deemed sufficient to recover all remaining principal. Loans that have been fully charged-off do not appear in the tables below.
 June 30, 2021
 Accrual Loans   
 30-59 DPD60-89 DPD90+ DPDTotal
30+ DPD		Total
Accrual		Non-accrualTotal
 (In millions)
Commercial and industrial$24 $11 $4 $39 $42,156 $472 $42,628 
Commercial real estate mortgage—owner-occupied5 2 2 9 5,305 76 5,381 
Commercial real estate construction—owner-occupied— — — — 235 10 245 
Total commercial29 13 6 48 47,696 558 48,254 
Commercial investor real estate mortgage4 — — 4 5,445 4 5,449 
Commercial investor real estate construction— — — — 1,799 — 1,799 
Total investor real estate4 — — 4 7,244 4 7,248 
Residential first mortgage67 30 119 216 17,000 51 17,051 
Home equity lines12 6 21 39 4,012 45 4,057 
Home equity loans7 3 13 23 2,580 8 2,588 
Indirect—vehicles7 2 2 11 621 — 621 
Indirect—other consumer7 5 3 15 2,157 — 2,157 
Consumer credit card6 5 12 23 1,131 — 1,131 
Other consumer8 2 2 12 967 — 967 
Total consumer114 53 172 339 28,468 104 28,572 
$147 $66 $178 $391 $83,408 $666 $84,074 
 
 December 31, 2020
 Accrual Loans   
 30-59 DPD60-89 DPD90+ DPDTotal
30+ DPD		Total
Accrual		Non-accrualTotal
 (In millions)
Commercial and industrial $37 $22 $7 $66 $42,452 $418 $42,870 
Commercial real estate mortgage—owner-occupied4 1 1 6 5,308 97 5,405 
Commercial real estate construction—owner-occupied1 — — 1 291 9 300 
Total commercial42 23 8 73 48,051 524 48,575 
Commercial investor real estate mortgage3 — — 3 5,280 114 5,394 
Commercial investor real estate construction— — — — 1,869 — 1,869 
Total investor real estate3 — — 3 7,149 114 7,263 
Residential first mortgage104 41 156 301 16,522 53 16,575 
Home equity lines24 11 19 54 4,493 46 4,539 
Home equity loans10 7 13 30 2,705 8 2,713 
Indirect—vehicles15 4 4 23 934 — 934 
Indirect—other consumer12 8 5 25 2,431 — 2,431 
Consumer credit card8 6 14 28 1,213 — 1,213 
Other consumer12 3 2 17 1,023 — 1,023 
Total consumer185 80 213 478 29,321 107 29,428 
$230 $103 $221 $554 $84,521 $745 $85,266 
TROUBLED DEBT RESTRUCTURINGS
Regions regularly modifies commercial and investor real estate loans in order to facilitate a workout strategy. Similarly, Regions works to meet the individual needs of consumer borrowers to stem foreclosure through its CAP. Refer to Note 1 "Summary of Significant Accounting Policies" and Note 6 "Allowance for Credit Losses" in the Annual Report on Form 10-K for the year ended December 31, 2020 for additional information regarding the Company's TDRs, including their impact on the allowance and designation of TDRs in periods subsequent to the modification.
As provided in the Consolidated Appropriations Act passed into law on December 27, 2020, which extended initial guidance provided in the CARES Act, certain loan modifications related to the COVID-19 pandemic beginning March 1, 2020 through the earlier of 60 days after the end of the pandemic or January 1, 2022 are eligible for relief from TDR classification. Regions elected this provision; therefore, modified loans that met the required guidelines for relief are not considered TDRs and are excluded from the disclosures below. The Consolidated Appropriations Act relief and short-term nature of most COVID-19 deferrals precluded the majority of Regions' COVID-19 loan modifications from being classified as TDRs as of June 30, 2021 and December 31, 2020.
The following tables present the end of period balance for loans modified in a TDR during the periods presented by portfolio segment and class, and the financial impact of those modifications. The tables include modifications made to new TDRs, as well as renewals of existing TDRs.
 Three Months Ended June 30, 2021
   Financial Impact
of Modifications
Considered TDRs
 Number of
Obligors		Recorded
Investment		Increase in
Allowance at
Modification
 (Dollars in millions)
Commercial and industrial15 $20 $— 
Commercial real estate mortgage—owner-occupied8 2 — 
Commercial real estate construction—owner-occupied1 1 — 
Total commercial24 23 — 
Commercial investor real estate mortgage4 69 — 
Commercial investor real estate construction— — — 
Total investor real estate4 69 — 
Residential first mortgage161 26 2 
Home equity lines3 1 — 
Home equity loans6 1 — 
Consumer credit card— — — 
Indirect—vehicles and other consumer4 — — 
Total consumer174 28 2 
202 $120 $2 
 Three Months Ended June 30, 2020
   Financial Impact
of Modifications
Considered TDRs
 Number of
Obligors		Recorded
Investment		Increase in
Allowance at
Modification
 (Dollars in millions)
Commercial and industrial67 $120 $— 
Commercial real estate mortgage—owner-occupied5 3 — 
Commercial real estate construction—owner-occupied— — — 
Total commercial72 123 — 
Commercial investor real estate mortgage3 — — 
Commercial investor real estate construction— — — 
Total investor real estate3 — — 
Residential first mortgage31 4 1 
Home equity lines— — — 
Home equity loans12 1 — 
Consumer credit card1 — — 
Indirect—vehicles and other consumer1 — — 
Total consumer45 5 1 
120 $128 $1 
 Six Months Ended June 30, 2021
   Financial Impact
of Modifications
Considered TDRs
 Number of
Obligors		Recorded
Investment		Increase in
Allowance at
Modification
 (Dollars in millions)
Commercial and industrial41 $50 $— 
Commercial real estate mortgage—owner-occupied14 3 — 
Commercial real estate construction—owner-occupied1 1 — 
Total commercial56 54 — 
Commercial investor real estate mortgage6 76 — 
Commercial investor real estate construction— — — 
Total investor real estate6 76 — 
Residential first mortgage336 61 5 
Home equity lines5 1 — 
Home equity loans7 1 — 
Consumer credit card— — — 
Indirect—vehicles and other consumer52 1 — 
Total consumer400 64 5 
462 $194 $5 
 Six Months Ended June 30, 2020
   Financial Impact
of Modifications
Considered TDRs
 Number of
Obligors		Recorded
Investment		Increase in
Allowance at
Modification
 (Dollars in millions)
Commercial and industrial93 $194 $— 
Commercial real estate mortgage—owner-occupied10 5 — 
Commercial real estate construction—owner-occupied1 1 — 
Total commercial104 200 — 
Commercial investor real estate mortgage7 1 — 
Commercial investor real estate construction1 — — 
Total investor real estate8 1 — 
Residential first mortgage83 11 2 
Home equity lines— — — 
Home equity loans27 2 — 
Consumer credit card11 — — 
Indirect—vehicles and other consumer11 — — 
Total consumer132 13 2 
244 $214 $2