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Allowance for Credit Losses
 6 Months Ended
Jun. 30, 2023
Receivables [Abstract]  
Allowance for Credit Losses
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" in the Annual Report on Form 10-K for the year ended December 31, 2022, for a description of the methodology prior to the adoption of modifications to troubled borrowers accounting on January 1, 2023.
ROLLFORWARD OF ALLOWANCE FOR CREDIT LOSSES
The following tables present analyses of the allowance for credit losses by portfolio segment for the three and six months ended June 30, 2023 and 2022.

 Three Months Ended June 30, 2023
 CommercialInvestor Real
Estate		ConsumerTotal
 (In millions)
Allowance for loan losses, April 1, 2023$693 $126 $653 $1,472 
Provision for loan losses46 25 51 122 
Loan losses:
Charge-offs(52)— (60)(112)
Recoveries21 — 10 31 
Net loan (losses) recoveries(31)— (50)(81)
Allowance for loan losses, June 30, 2023708 151 654 1,513 
Reserve for unfunded credit commitments, April 1, 202377 27 20 124 
Provision for (benefit from) unfunded credit commitments5 (8)(1)(4)
Reserve for unfunded credit commitments, June 30, 202382 19 19 120 
Allowance for credit losses, June 30, 2023$790 $170 $673 $1,633 
 Three Months Ended June 30, 2022
 CommercialInvestor Real
Estate		ConsumerTotal
 (In millions)
Allowance for loan losses, April 1, 2022$620 $75 $721 $1,416 
Provision for (benefit from) loan losses(14)15 46 47 
Loan losses:
Charge-offs(22)— (48)(70)
Recoveries13 1 18 32 
Net loan (losses) recoveries(9)1 (30)(38)
Allowance for loan losses, June 30, 2022597 91 737 1,425 
Reserve for unfunded credit commitments, April 1, 202252 8 16 76 
Provision for unfunded credit commitments5 2 6 13 
Reserve for unfunded credit commitments, June 30, 202257 10 22 89 
Allowance for credit losses, June 30, 2022$654 $101 $759 $1,514 
 Six Months Ended June 30, 2023
 CommercialInvestor Real
Estate		ConsumerTotal
 (In millions)
Allowance for loan losses, December 31, 2022$665 $121 $678 $1,464 
Cumulative effect of accounting guidance (1)
(3)(3)(32)(38)
Allowance for loan losses, January 1, 2023 (adjusted for change in accounting guidance)662 118 646 1,426 
Provision for loan losses116 33 102 251
Loan losses:
Charge-offs(101)— (116)(217)
Recoveries31 — 22 53 
Net loan (losses) recoveries(70)— (94)(164)
Allowance for loan losses, June 30, 20237081516541,513
Reserve for unfunded credit commitments, January 1, 202372 21 25 118 
Provision for (benefit from) unfunded credit losses10 (2)(6)2 
Reserve for unfunded credit commitments, June 30, 202382 19 19 120 
Allowance for credit losses, June 30, 2023$790 $170 $673 $1,633 

 Six Months Ended June 30, 2022
 CommercialInvestor Real
Estate		ConsumerTotal
 (In millions)
Allowance for loan losses, January 1, 2022$682 $79 $718 $1,479 
Provision for (benefit from) loan losses(63)11 82 30 
Loan losses:
Charge-offs(48)— (99)(147)
Recoveries26 1 36 63 
Net loan (losses) recoveries(22)1 (63)(84)
Allowance for loan losses, June 30, 2022597 91 737 1,425 
Reserve for unfunded credit commitments, January 1, 202258 8 29 95 
Provision for (benefit from) unfunded credit losses(1)2 (7)(6)
Reserve for unfunded credit commitments, June 30, 202257 10 22 89 
Allowance for credit losses, June 30, 2022$654 $101 $759 $1,514 
_____
(1) See Note 1 for additional information.
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 5 "Allowance for Credit Losses" in the Annual Report on Form 10-K for the year ended December 31, 2022 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 5 "Allowance for Credit Losses" in the Annual Report on Form 10-K for the year ended December 31, 2022 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, 2023 and December 31, 2022. Gross charge-offs are also presented by vintage year for the six months ended June 30, 2023 as a result of the prospective adoption of new accounting guidance. See Note 1 and Note 12 for additional information. 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 5 "Allowance for Credit Losses" in the Annual Report on Form 10-K for the year ended December 31, 2022 for more information regarding Regions' credit quality indicators.
June 30, 2023
Term LoansRevolving Loans Revolving Loans Converted to Amortizing
Unallocated (1)
Total
Origination Year
20232022202120202019Prior
(In millions)
Commercial and industrial:
Risk rating:
   Pass$5,217 $10,688 $6,018 $2,717 $1,705 $3,684 $19,693 $— $83 $49,805 
   Special Mention244 208 103 15 13 6 469 — — 1,058 
   Substandard Accrual88 181 96 44 78 2 651 — — 1,140 
   Non-accrual14 73 48 7 5 32 118 — — 297 
Total commercial and industrial$5,563 $11,150 $6,265 $2,783 $1,801 $3,724 $20,931 $— $83 $52,300 
Gross charge-offs$— $34 $25 $19 $9 $9 $5 $— $— $101 
Commercial real estate mortgage—owner-occupied:
Risk rating:
   Pass$337 $973 $1,079 $739 $395 $950 $91 $— $(5)$4,559 
   Special Mention7 17 19 30 7 26 1 — — 107 
   Substandard Accrual6 19 26 22 12 11 1 — — 97 
   Non-accrual6 — 9 8 2 8 1 — — 34 
Total commercial real estate mortgage—owner-occupied:$356 $1,009 $1,133 $799 $416 $995 $94 $— $(5)$4,797 
Gross charge-offs$— $— $— $— $— $— $— $— $— $— 
Commercial real estate construction—owner-occupied:
Risk rating:
   Pass$30 $110 $62 $24 $13 $40 $1 $— $— $280 
   Special Mention— — — — — 2 — — — 2 
   Substandard Accrual2 — — 2 — 1 — — — 5 
   Non-accrual— — — 1 1 3 — — — 5 
Total commercial real estate construction—owner-occupied:$32 $110 $62 $27 $14 $46 $1 $— $— $292 
Gross charge-offs$— $— $— $— $— $— $— $— $— $— 
Total commercial$5,951 $12,269 $7,460 $3,609 $2,231 $4,765 $21,026 $— $78 $57,389 
Gross commercial charge-offs$— $34 $25 $19 $9 $9 $5 $— $— $101 
Commercial investor real estate mortgage:
Risk rating:
   Pass$711 $1,874 $1,117 $658 $358 $199 $452 $— $(5)$5,364 
   Special Mention35 325 144 21 — 19 73 — — 617 
   Substandard Accrual85 135 38 55 67 41 — — — 421 
   Non-accrual66 — — — 13 19 — — — 98 
Total commercial investor real estate mortgage$897 $2,334 $1,299 $734 $438 $278 $525 $— $(5)$6,500 
Gross charge-offs$— $— $— $— $— $— $— $— $— $— 
Commercial investor real estate construction:
Risk rating:
   Pass$136 $711 $472 $77 $1 $2 $590 $— $(15)$1,974 
   Special Mention— 96 — — — — 41 — — 137 
   Substandard Accrual— 3 — 18 — — — — — 21 
   Non-accrual— — — — — — — — — — 
Total commercial investor real estate construction$136 $810 $472 $95 $1 $2 $631 $— $(15)$2,132 
Gross charge-offs$— $— $— $— $— $— $— $— $— $— 
Total investor real estate$1,033 $3,144 $1,771 $829 $439 $280 $1,156 $— $(20)$8,632 
Gross investor real estate charge-offs$— $— $— $— $— $— $— $— $— $— 
June 30, 2023
Term LoansRevolving Loans Revolving Loans Converted to Amortizing
Unallocated (1)
Total
Origination Year
20232022202120202019Prior
(In millions)
Residential first mortgage:
FICO scores:
   Above 720$1,094 $2,753 $4,475 $4,591 $854 $2,557 $— $— $— $16,324 
   681-720135 311 357 269 70 306 — — — 1,448 
   620-68060 163 175 110 48 287 — — — 843 
   Below 6207 63 103 82 49 403 — — — 707 
   Data not available22 23 51 47 12 98 2 — 178 433 
Total residential first mortgage$1,318 $3,313 $5,161 $5,099 $1,033 $3,651 $2 $— $178 $19,755 
Gross charge-offs$— $— $— $— $— $1 $— $— $— $1 
Home equity lines:
FICO scores:
   Above 720$— $— $— $— $— $— $2,459 $47 $— $2,506 
   681-720— — — — — — 346 11 — 357 
   620-680— — — — — — 191 9 — 200 
   Below 620— — — — — — 93 7 — 100 
   Data not available— — — — — — 114 5 31 150 
Total home equity lines$— $— $— $— $— $— $3,203 $79 $31 $3,313 
Gross charge-offs$— $— $— $— $— $— $2 $— $— $2 
Home equity loans:
FICO scores:
   Above 720$108 $410 $430 $228 $105 $605 $— $— $— $1,886 
   681-72020 65 56 23 16 70 — — — 250 
   620-6808 25 25 9 8 57 — — — 132 
   Below 620— 6 9 4 7 39 — — — 65 
   Data not available36 3 5 3 3 26 — — 16 92 
Total home equity loans$172 $509 $525 $267 $139 $797 $— $— $16 $2,425 
Gross charge-offs$— $— $— $— $— $— $— $— $— $— 
Consumer credit card:
FICO scores:
Above 720$— $— $— $— $— $— $713 $— $— $713 
681-720— — — — — — 241 — — 241 
620-680— — — — — — 197 — — 197 
Below 620— — — — — — 84 — — 84 
Data not available— — — — — — 15 — (19)(4)
Total consumer credit card$— $— $— $— $— $— $1,250 $— $(19)$1,231 
Gross charge-offs$— $— $— $— $— $— $24 $— $— $24 
Other consumer—exit portfolios:
FICO scores:
   Above 720$— $— $— $— $83 $191 $— $— $— $274 
   681-720— — — — 23 45 — — — 68 
   620-680— — — — 14 31 — — — 45 
   Below 620— — — — 5 19 — — — 24 
   Data not available— — — — 1 3 — — 1 5 
Total Other consumer- exit portfolios$— $— $— $— $126 $289 $— $— $1 $416 
Gross charge-offs$— $— $— $— $3 $5 $— $— $— $8 
June 30, 2023
Term LoansRevolving Loans Revolving Loans Converted to Amortizing
Unallocated (1)
Total
Origination Year
20232022202120202019Prior
(In millions)
Other consumer(2):
FICO scores:
   Above 720$800 $1,760 $578 $330 $181 $144 $117 $— $— $3,910 
   681-720116 467 163 87 40 36 66 — — 975 
   620-68071 344 122 59 26 24 55 — — 701 
   Below 62021 132 66 34 17 17 25 — — 312 
   Data not available82 9 6 5 122 71 2 — (165)132 
Total other consumer$1,090 $2,712 $935 $515 $386 $292 $265 $— $(165)$6,030 
Gross charge-offs$20 $26 $17 $8 $4 $6 $— $— $— $81 
Total consumer loans$2,580 $6,534 $6,621 $5,881 $1,684 $5,029 $4,720 $79 $42 $33,170 
Gross consumer charge-offs$20 $26 $17 $8 $7 $12 $26 $— $— $116 
Total Loans$9,564 $21,947 $15,852 $10,319 $4,354 $10,074 $26,902 $79 $100 $99,191 
Total Gross charge-offs$20 $60 $42 $27 $16 $21 $31 $— $— $217 
December 31, 2022
Term LoansRevolving LoansRevolving Loans Converted to Amortizing
Unallocated (1)
Total
Origination Year
20222021202020192018Prior
(In millions)
Commercial and industrial:
Risk rating:
Pass$11,948 $7,167 $3,277 $2,297 $1,026 $3,283 $19,599 $— $313 $48,910 
Special Mention85 120 70 30 32 1 282 — — 620 
Substandard Accrual248 114 39 57 53 17 500 — — 1,028 
Non-accrual95 55 11 9 36 6 135 — — 347 
Total commercial and industrial$12,376 $7,456 $3,397 $2,393 $1,147 $3,307 $20,516 $— $313 $50,905 
Commercial real estate mortgage—owner-occupied:
Risk rating:
Pass$1,058 $1,175 $929 $479 $519 $626 $89 $— $(5)$4,870 
Special Mention7 32 17 10 15 12 2 — — 95 
Substandard Accrual10 16 36 35 5 6 1 — — 109 
Non-accrual1 2 9 1 5 11 — — — 29 
Total commercial real estate mortgage—owner-occupied:$1,076 $1,225 $991 $525 $544 $655 $92 $— $(5)$5,103 
Commercial real estate construction—owner-occupied:
Risk rating:
Pass$115 $79 $22 $15 $15 $38 $1 $— $— $285 
Special Mention— — — — 2 — — — — 2 
Substandard Accrual2 — 2 — — 1 — — — 5 
Non-accrual— — 1 1 — 4 — — — 6 
Total commercial real estate construction—owner-occupied:$117 $79 $25 $16 $17 $43 $1 $— $— $298 
Total commercial$13,569 $8,760 $4,413 $2,934 $1,708 $4,005 $20,609 $— $308 $56,306 
December 31, 2022
Term LoansRevolving LoansRevolving Loans Converted to Amortizing
Unallocated (1)
Total
Origination Year
20222021202020192018Prior
(In millions)
Commercial investor real estate mortgage:
Risk rating:
Pass$2,332 $1,321 $634 $466 $257 $94 $490 $— $(7)$5,587 
Special Mention229 75 — 18 — 3 38 — — 363 
Substandard Accrual107 74 138 68 3 — — — 390 
Non-accrual52 — — — — 1 — — — 53 
Total commercial investor real estate mortgage$2,720 $1,396 $708 $622 $325 $101 $528 $— $(7)$6,393 
Commercial investor real estate construction:
Risk rating:
Pass$458 $402 $205 $112 $— $1 $722 $— $(16)$1,884 
Special Mention25 52 — — — — 5 — — 82 
Substandard Accrual3 — 17 — — — — — — 20 
Non-accrual— — — — — — — — — — 
Total commercial investor real estate construction$486 $454 $222 $112 $— $1 $727 $— $(16)$1,986 
Total investor real estate$3,206 $1,850 $930 $734 $325 $102 $1,255 $— $(23)$8,379 
Residential first mortgage:
FICO scores:
Above 720$2,485 $4,455 $4,765 $899 $327 $2,445 $— $— $— $15,376 
681-720337 412 313 83 42 300 — — — 1,487 
620-680168 183 129 53 34 295 — — — 862 
Below 62042 92 77 52 40 379 — — — 682 
Data not available27 45 47 13 4 98 2 — 167 403 
Total residential first mortgage$3,059 $5,187 $5,331 $1,100 $447 $3,517 $2 $— $167 $18,810 
Home equity lines:
FICO scores:
Above 720$— $— $— $— $— $— $2,620 $47 $— $2,667 
681-720— — — — — — 369 12 — 381 
620-680— — — — — — 212 11 — 223 
Below 620— — — — — — 99 8 — 107 
Data not available— — — — — — 97 4 31 132 
Total home equity lines$— $— $— $— $— $— $3,397 $82 $31 $3,510 
Home equity loans
FICO scores:
Above 720$436 $466 $250 $117 $106 $582 $— $— $— $1,957 
681-72075 62 26 17 14 67 — — — 261 
620-68029 28 11 12 9 58 — — — 147 
Below 6204 8 4 5 7 38 — — — 66 
Data not available4 3 3 3 4 24 — — 17 58 
Total home equity loans$548 $567 $294 $154 $140 $769 $— $— $17 $2,489 
Consumer credit card:
FICO scores:
Above 720$— $— $— $— $— $— $719 $— $— $719 
681-720— — — — — — 246 — — 246 
620-680— — — — — — 204 — — 204 
Below 620— — — — — — 86 — — 86 
Data not available— — — — — — 9 — (16)(7)
Total consumer credit card$— $— $— $— $— $— $1,264 $— $(16)$1,248 
December 31, 2022
Term LoansRevolving LoansRevolving Loans Converted to Amortizing
Unallocated (1)
Total
Origination Year
20222021202020192018Prior
(In millions)
Other consumer- exit portfolios:
FICO scores:
Above 720$— $— $— $102 $172 $96 $— $— $— $370 
681-720— — — 30 40 23 — — — 93 
620-680— — — 17 30 17 — — — 64 
Below 620— — — 7 17 10 — — — 34 
Data not available— — — 1 3 3 — — 2 9 
Total other consumer- exit portfolios$— $— $— $157 $262 $149 $— $— $2 $570 
Other consumer(2):
FICO scores:
Above 720$2,072 $674 $382 $215 $99 $80 $119 $— $— $3,641 
681-720493 200 106 50 23 20 66 — — 958 
620-680348 153 73 34 19 15 55 — — 697 
Below 620102 69 38 20 12 8 23 — — 272 
Data not available61 6 5 130 73 5 2 — (153)129 
Total other consumer$3,076 $1,102 $604 $449 $226 $128 $265 $— $(153)$5,697 
Total consumer loans$6,683 $6,856 $6,229 $1,860 $1,075 $4,563 $4,928 $82 $48 $32,324 
Total Loans$23,458 $17,466 $11,572 $5,528 $3,108 $8,670 $26,792 $82 $333 $97,009 
________
(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)Other consumer class includes overdrafts and related gross charge-offs. Overdrafts are included in the current vintage year and the majority of overdraft gross charge-offs for the six months ended June 30, 2023 are also included in the current vintage year.
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, 2023 and December 31, 2022. Loans on non-accrual status with no related allowance totaled $160 million comprised of commercial and investor real estate loans at June 30, 2023. Loans on non-accrual status with no related allowance totaled $151 million comprised of commercial loans at December 31, 2022. 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, 2023
 Accrual Loans   
 30-59 DPD60-89 DPD90+ DPDTotal
30+ DPD		Total
Accrual		Non-accrualTotal
 (In millions)
Commercial and industrial$37 $18 $10 $65 $52,003 $297 $52,300 
Commercial real estate mortgage—owner-occupied3 1 1 5 4,763 34 4,797 
Commercial real estate construction—owner-occupied— — — — 287 5 292 
Total commercial40 19 11 70 57,053 336 57,389 
Commercial investor real estate mortgage1 — — 1 6,402 98 6,500 
Commercial investor real estate construction— — — — 2,132 — 2,132 
Total investor real estate1 — — 1 8,534 98 8,632 
Residential first mortgage84 35 77 196 19,731 24 19,755 
Home equity lines17 11 19 47 3,285 28 3,313 
Home equity loans7 3 8 18 2,419 6 2,425 
Consumer credit card9 7 15 31 1,231 — 1,231 
Other consumer—exit portfolios4 2 1 7 416 — 416 
Other consumer52 27 24 103 6,030 — 6,030 
Total consumer173 85 144 402 33,112 58 33,170 
$214 $104 $155 $473 $98,699 $492 $99,191 
 
 December 31, 2022
 Accrual Loans   
 30-59 DPD60-89 DPD90+ DPDTotal
30+ DPD		Total
Accrual		Non-accrualTotal
 (In millions)
Commercial and industrial$36 $20 $30 $86 $50,558 $347 $50,905 
Commercial real estate mortgage—owner-occupied7 2 1 10 5,074 29 5,103 
Commercial real estate construction—owner-occupied— — — — 292 6 298 
Total commercial43 22 31 96 55,924 382 56,306 
Commercial investor real estate mortgage— — 40 40 6,340 53 6,393 
Commercial investor real estate construction— — — — 1,986 — 1,986 
Total investor real estate— — 40 40 8,326 53 8,379 
Residential first mortgage87 45 81 213 18,779 31 18,810 
Home equity lines18 12 15 45 3,482 28 3,510 
Home equity loans8 3 8 19 2,483 6 2,489 
Consumer credit card9 7 15 31 1,248 — 1,248 
Other consumer—exit portfolios7 3 1 11 570 — 570 
Other consumer46 21 17 84 5,697 — 5,697 
Total consumer175 91 137 403 32,259 65 32,324 
$218 $113 $208 $539 $96,509 $500 $97,009 
MODIFICATIONS TO BORROWERS EXPERIENCING FINANCIAL DIFFICULTY
Modifications to troubled borrowers are loans where the borrower is experiencing financial difficulty at the time of modification and are undertaken in order to improve the likelihood of repayment. Typical modifications include accommodations such as renewals and forbearances. The majority of Regions' commercial and investor real estate modifications to troubled borrowers are the result of renewals of classified loans wherein there has been an interest rate reduction and/or maturity extension (that is considered other than insignificant). Similarly, Regions works to meet the individual needs of troubled consumer borrowers through its CAP. Regions designed the program to allow for customer-tailored modifications with the goal of keeping customers in their homes and avoiding foreclosure where possible. Modifications may be offered to any borrower experiencing financial hardship regardless of the borrower's payment status. Consumer modifications to troubled borrowers primarily involve an interest rate reduction and/or a payment deferral or maturity extension that is considered other than insignificant. All CAP modifications that involve an interest rate reduction, principal forgiveness, other than insignificant payment deferral or term extension and/or a combination of these are disclosed as modifications to troubled borrowers because the customer documents a financial hardship in order to participate. Refer to Note 1 "Basis of Presentation" for additional information regarding the Company's modifications to troubled borrowers.
For each portfolio segment and class, the following tables present the end of period balance of new modifications to troubled borrowers and the related percentage of the loan portfolio period-end balance by the type of modification in the three months and six months ended June 30, 2023. During the periods presented, the Company did not make any modifications of principal forgiveness.
Three Months Ended June 30, 2023
Term ExtensionPayment DeferralTerm Extension and Interest Rate ModificationTotal
$
%(1)
$
%(1)
$
%(1)
$
%(1)
(Dollars in millions)
Commercial and industrial$57 0.11 %$24 0.05 %$— — %$81 0.15 %
Commercial real estate mortgage—owner-occupied8 0.17 %— — %— — %8 0.17 %
Commercial real estate construction—owner-occupied3 0.66 %— 0.15 %— — %3 0.81 %
Total commercial68 0.12 %24 0.04 %— — %92 0.16 %
Commercial investor real estate mortgage63 0.98 %— — %— — %63 0.98 %
Total investor real estate63 0.73 %— — %— — %63 0.73 %
Residential first mortgage27 0.14 %— — %— — %27 0.14 %
Home equity lines— — %— — %1 0.02 %1 0.03 %
Home equity loans2 0.06 %— — %1 0.06 %3 0.11 %
Total consumer29 0.09 %— — %2 0.01 %31 0.09 %
Total$160 0.16 %$24 0.02 %$2 — %$186 0.19 %
Six Months Ended June 30, 2023
Term ExtensionPayment DeferralTerm Extension and Interest Rate ModificationTotal
$
%(1)
$
%(1)
$
%(1)
$
%(1)
(Dollars in millions)
Commercial and industrial$61 0.12 %$182 0.35 %$— — %$243 0.47 %
Commercial real estate mortgage—owner-occupied10 0.21 %— — %— — %10 0.21 %
Commercial real estate construction—owner-occupied3 0.66 %— — %— — %3 0.81 %
Total commercial74 0.13 %182 0.32 %— — %256 0.45 %
Commercial investor real estate mortgage63 0.98 %— — %— — %63 0.98 %
Total investor real estate63 0.73 %— — %— — %63 0.73 %
Residential first mortgage49 0.24 %— — %1 0.01 %50 0.25 %
Home equity lines1 0.02 %— — %1 0.04 %2 0.06 %
Home equity loans2 0.10 %— — %3 0.11 %5 0.21 %
Total consumer52 0.16 %— — %5 0.02 %57 0.17 %
Total$189 0.19 %$182 0.18 %$5 0.01 %$376 0.38 %
____
(1) Amounts calculated based upon whole dollar values.
The following tables present the financial impact of modifications to troubled borrowers during the periods presented by portfolio segment, class of financing receivable, and the type of modification. During the periods presented, the Company did not make any modifications of principal forgiveness. The tables include new modifications to troubled borrowers, as well as renewals of existing modifications to troubled borrowers.
Three Months Ended June 30, 2023
Term ExtensionPayment DeferralTerm Extension and Interest Rate Modification
Weighted-Average Term Extension (in years)Weighted-Average Payment Deferral (in years)Weighted-Average Term Extension (in years)Weighted-Average Reduction in Interest Rate
Commercial and industrial10.5— — 
Commercial real estate mortgage—owner-occupied0.75— — — 
Commercial real estate construction—owner-occupied0.25— — — 
Commercial investor real estate mortgage0.67— — — 
Residential first mortgage5— — — 
Home equity lines— — 201 %
Home equity loans18— 143 %
Six Months Ended June 30, 2023
Term ExtensionPayment DeferralTerm Extension and Interest Rate Modification
Weighted-Average Term Extension (in years)Weighted-Average Payment Deferral (in years)Weighted-Average Term Extension (in years)Weighted-Average Reduction in Interest Rate
Commercial and industrial10.5— — 
Commercial real estate mortgage—owner-occupied0.67— — — 
Commercial real estate construction—owner-occupied0.25— — — 
Commercial investor real estate mortgage0.67— — — 
Residential first mortgage5— 81 %
Home equity lines19— 181 %
Home equity loans15— 162 %

In addition to the financial impacts in the table above, during the six months ended June 30, 2023, there were instances of commercial and industrial payment deferrals in which the amortization period was doubled to maturity.
The following tables include aging and non-accrual performance for modifications to troubled borrowers modified in the three and six month periods since the adoption of related accounting guidance by portfolio segment and class.

Three Months Ended June 30, 2023
Current30-89 DPD90+ DPDNon-Performing LoansTotal
(In millions)
Commercial and industrial$52 $— $— $29 $81 
Commercial real estate mortgage—owner-occupied4 — — 4 8 
Commercial real estate construction—owner-occupied2 — — 1 3 
Total commercial58 — — 34 92 
Commercial investor real estate mortgage48 — — 15 63 
Total investor real estate48 — — 15 63 
Residential first mortgage25 1 — 1 27 
Home equity lines1 — — — 1 
Home equity loans2 — — 1 3 
Total consumer28 1 — 2 31 
$134 $1 $— $51 $186 

Six Months Ended June 30, 2023
Current30-89 DPD90+ DPDNon-Performing LoansTotal
(In millions)
Commercial and industrial$198 $2 $— $43 $243 
Commercial real estate mortgage—owner-occupied6 — — 4 10 
Commercial real estate construction—owner-occupied2 — — 1 3 
Total commercial206 2 — 48 256 
Commercial investor real estate mortgage48 — — 15 63 
Total investor real estate48 — — 15 63 
Residential first mortgage44 4 1 1 50 
Home equity lines1 — — 1 2 
Home equity loans4 — — 1 5 
Total consumer49 4 1 3 57 
$303 $6 $1 $66 $376 
Prior to the Company’s adoption of new guidance related to modifications to borrowers experiencing financial difficulty, Regions accounted for loans in which the borrower was experiencing financial difficulty at the modification date and wherein Regions had granted a concession to the borrower as a TDR. Like modifications to troubled borrowers, TDRs were undertaken in order to improve the likelihood of repayment of a loan. However, TDR modifications were different because they may have had a stated interest rate lower than the current market rate for new debt with similar risk, other modifications to the structure of the loan that fell outside of normal underwriting policies and procedures, or in limited circumstances forgiveness of principal and/or interest. Refer to Note 1 "Summary of Significant Accounting Policies" and Note 5 "Allowance for Credit Losses" in the Annual Report on Form 10-K for the year ended December 31, 2022 for additional information.
The following tables present the end of period balance for loans modified in a TDR during the periods presented in 2022 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, 2022
Financial Impact
of Modifications
Considered TDRs
Number of
Obligors		Recorded
Investment		Increase in
Allowance at
Modification
(Dollars in millions)
Commercial and industrial10 $23 $— 
Commercial real estate mortgage—owner-occupied6 1 — 
Commercial real estate construction—owner-occupied— — — 
Total commercial16 24 — 
Commercial investor real estate mortgage1 27 — 
Commercial investor real estate construction— — — 
Total investor real estate1 27 — 
Residential first mortgage368 48 1 
Home equity lines32 2 1 
Home equity loans68 5 — 
Consumer credit card— — — 
Other consumer—exit portfolios— — — 
Other consumer2 — — 
Total consumer470 55 2 
487 $106 $2