XML 21 R12.htm IDEA: XBRL DOCUMENT
v3.23.3

Allowance for Credit Losses | 9 Months Ended
--- | ---
Sep. 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 nine months ended September 30, 2023 and 2022.
| Three Months Ended September 30, 2023 |
| Commercial |  | Investor Real Estate |  | Consumer |  | Total |
| (In millions) |
Allowance for loan losses, July 1, 2023 | $ | 708 |  |  | $ | 151 |  |  | $ | 654 |  |  | $ | 1,513 |  |
Provision for loan losses | 25 |  |  | 17 |  |  | 93 |  |  | 135 |  |
Loan losses: |  |  |  |  |  |  |  |
Charge-offs | (54) |  |  | — |  |  | (70) |  |  | (124) |  |
Recoveries | 13 |  |  | — |  |  | 10 |  |  | 23 |  |
Net loan (losses) recoveries | (41) |  |  | — |  |  | (60) |  |  | (101) |  |
Allowance for loan losses, September 30, 2023 | 692 |  |  | 168 |  |  | 687 |  |  | 1,547 |  |
Reserve for unfunded credit commitments, July 1, 2023 | 82 |  |  | 19 |  |  | 19 |  |  | 120 |  |
Provision for (benefit from) unfunded credit commitments | 8 |  |  | — |  |  | 2 |  |  | 10 |  |
Reserve for unfunded credit commitments, September 30, 2023 | 90 |  |  | 19 |  |  | 21 |  |  | 130 |  |
Allowance for credit losses, September 30, 2023 | $ | 782 |  |  | $ | 187 |  |  | $ | 708 |  |  | $ | 1,677 |  |
| Three Months Ended September 30, 2022
| Commercial |  | Investor Real Estate |  | Consumer |  | Total
| (In millions)
Allowance for loan losses, July 1, 2022 | $ | 597 |  |  | $ | 91 |  |  | $ | 737 |  |  | $ | 1,425 |
Provision for loan losses | 78 |  |  | 8 |  |  | 17 |  |  | 103 |
Loan losses: |  |  |  |  |  |  |
Charge-offs | (20) |  |  | — |  |  | (115) |  |  | (135) |
Recoveries | 13 |  |  | — |  |  | 12 |  |  | 25 |
Net loan (losses) recoveries | (7) |  |  | — |  |  | (103) |  |  | (110) |
Allowance for loan losses, September 30, 2022 | 668 |  |  | 99 |  |  | 651 |  |  | 1,418 |
Reserve for unfunded credit commitments, July 1, 2022 | 57 |  |  | 10 |  |  | 22 |  |  | 89 |
Provision for unfunded credit commitments | 10 |  |  | 7 |  |  | 15 |  |  | 32 |
Reserve for unfunded credit commitments, September 30, 2022 | 67 |  |  | 17 |  |  | 37 |  |  | 121 |
Allowance for credit losses, September 30, 2022 | $ | 735 |  |  | $ | 116 |  |  | $ | 688 |  |  | $ | 1,539 |
| Nine Months Ended September 30, 2023
| Commercial |  | Investor Real Estate |  | Consumer |  | Total
| (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 losses | 141 |  |  | 50 |  |  | 195 |  |  | 386
Loan losses: |  |  |  |  |  |  |
Charge-offs | (155) |  |  | — |  |  | (186) |  |  | (341) |
Recoveries | 44 |  |  | — |  |  | 32 |  |  | 76 |
Net loan (losses) recoveries | (111) |  |  | — |  |  | (154) |  |  | (265) |
Allowance for loan losses, September 30, 2023 | 692 |  | 168 |  | 687 |  | 1,547
Reserve for unfunded credit commitments, January 1, 2023 | 72 |  |  | 21 |  |  | 25 |  |  | 118 |
Provision for (benefit from) unfunded credit losses | 18 |  |  | (2) |  |  | (4) |  |  | 12 |
Reserve for unfunded credit commitments, September 30, 2023 | 90 |  |  | 19 |  |  | 21 |  |  | 130 |
Allowance for credit losses, September 30, 2023 | $ | 782 |  |  | $ | 187 |  |  | $ | 708 |  |  | $ | 1,677 |
| Nine Months Ended September 30, 2022
| Commercial |  | Investor Real Estate |  | Consumer |  | Total
| (In millions)
Allowance for loan losses, January 1, 2022 | $ | 682 |  |  | $ | 79 |  |  | $ | 718 |  |  | $ | 1,479 |
Provision for loan losses | 15 |  |  | 19 |  |  | 99 |  |  | 133 |
Loan losses: |  |  |  |  |  |  |
Charge-offs | (68) |  |  | — |  |  | (214) |  |  | (282) |
Recoveries | 39 |  |  | 1 |  |  | 48 |  |  | 88 |
Net loan (losses) recoveries | (29) |  |  | 1 |  |  | (166) |  |  | (194) |
Allowance for loan losses, September 30, 2022 | 668 |  |  | 99 |  |  | 651 |  |  | 1,418 |
Reserve for unfunded credit commitments, January 1, 2022 | 58 |  |  | 8 |  |  | 29 |  |  | 95 |
Provision for unfunded credit losses | 9 |  |  | 9 |  |  | 8 |  |  | 26 |
Reserve for unfunded credit commitments, September 30, 2022 | 67 |  |  | 17 |  |  | 37 |  |  | 121 |
Allowance for credit losses, September 30, 2022 | $ | 735 |  |  | $ | 116 |  |  | $ | 688 |  |  | $ | 1,539 |
_____ (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 September 30, 2023 and December 31, 2022. Gross charge-offs are also presented by vintage year for the nine months ended September 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.
| September 30, 2023
Term Loans |  | Revolving Loans |  | Revolving Loans Converted to Amortizing |  | Unallocated (1) |  | Total
Origination Year
2023 | 2022 | 2021 | 2020 | 2019 | Prior
(In millions)
Commercial and industrial:
Risk rating: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 6,777 |  | $ | 10,120 |  | $ | 5,604 |  | $ | 2,561 |  | $ | 1,567 |  | $ | 3,464 |  |  | $ | 19,069 |  |  | $ | — |  |  | $ | (84) |  |  | $ | 49,078 |
Special Mention | 25 |  | 273 |  | 62 |  | 36 |  | 15 |  | 40 |  |  | 458 |  |  | — |  |  | — |  |  | 909 |
Substandard Accrual | 177 |  | 219 |  | 112 |  | 44 |  | 22 |  | 4 |  |  | 678 |  |  | — |  |  | — |  |  | 1,256 |
Non-accrual | 78 |  | 58 |  | 27 |  | 11 |  | 22 |  | 7 |  |  | 158 |  |  | — |  |  | — |  |  | 361 |
Total commercial and industrial | $ | 7,057 |  | $ | 10,670 |  | $ | 5,805 |  | $ | 2,652 |  | $ | 1,626 |  | $ | 3,515 |  |  | $ | 20,363 |  |  | $ | — |  |  | $ | (84) |  |  | $ | 51,604 |
Gross charge-offs | $ | 3 |  | $ | 49 |  | $ | 47 |  | $ | 22 |  | $ | 12 |  | $ | 12 |  |  | $ | 9 |  |  | $ | — |  |  | $ | — |  |  | $ | 154 |
Commercial real estate mortgage—owner-occupied:
Risk rating: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 541 |  | $ | 954 |  | $ | 1,026 |  | $ | 714 |  | $ | 375 |  | $ | 875 |  |  | $ | 86 |  |  | $ | — |  |  | $ | (6) |  |  | $ | 4,565 |
Special Mention | 10 |  | 29 |  | 32 |  | 32 |  | 8 |  | 23 |  |  | 3 |  |  | — |  |  | — |  |  | 137 |
Substandard Accrual | 8 |  | 22 |  | 27 |  | 9 |  | 12 |  | 9 |  |  | 1 |  |  | — |  |  | — |  |  | 88 |
Non-accrual | 8 |  | 2 |  | 11 |  | 9 |  | 3 |  | 10 |  |  | — |  |  | — |  |  | — |  |  | 43 |
Total commercial real estate mortgage—owner-occupied: | $ | 567 |  | $ | 1,007 |  | $ | 1,096 |  | $ | 764 |  | $ | 398 |  | $ | 917 |  |  | $ | 90 |  |  | $ | — |  |  | $ | (6) |  |  | $ | 4,833 |
Gross charge-offs | $ | 1 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1 |
Commercial real estate construction—owner-occupied:
Risk rating: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 43 |  | $ | 84 |  | $ | 47 |  | $ | 24 |  | $ | 12 |  | $ | 39 |  |  | $ | 1 |  |  | $ | — |  |  | $ | — |  |  | $ | 250 |
Special Mention | — |  | 7 |  | — |  | — |  | — |  | 1 |  |  | — |  |  | — |  |  | — |  |  | 8 |
Substandard Accrual | — |  | 1 |  | — |  | — |  | — |  | 1 |  |  | — |  |  | — |  |  | — |  |  | 2 |
Non-accrual | 2 |  | — |  | — |  | 3 |  | 1 |  | 4 |  |  | — |  |  | — |  |  | — |  |  | 10 |
Total commercial real estate construction—owner-occupied: | $ | 45 |  | $ | 92 |  | $ | 47 |  | $ | 27 |  | $ | 13 |  | $ | 45 |  |  | $ | 1 |  |  | $ | — |  |  | $ | — |  |  | $ | 270 |
Gross charge-offs | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Total commercial | $ | 7,669 |  | $ | 11,769 |  | $ | 6,948 |  | $ | 3,443 |  | $ | 2,037 |  | $ | 4,477 |  |  | $ | 20,454 |  |  | $ | — |  |  | $ | (90) |  |  | $ | 56,707 |
Gross commercial charge-offs | $ | 4 |  | $ | 49 |  | $ | 47 |  | $ | 22 |  | $ | 12 |  | $ | 12 |  |  | $ | 9 |  |  | $ | — |  |  | $ | — |  |  | $ | 155 |
Commercial investor real estate mortgage:
Risk rating: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 851 |  | $ | 1,738 |  | $ | 1,075 |  | $ | 631 |  | $ | 341 |  | $ | 192 |  |  | $ | 420 |  |  | $ | — |  |  | $ | (4) |  |  | $ | 5,244 |
Special Mention | 51 |  | 317 |  | 85 |  | 21 |  | 17 |  | 3 |  |  | 70 |  |  | — |  |  | — |  |  | 564 |
Substandard Accrual | 111 |  | 155 |  | 31 |  | 49 |  | 68 |  | 43 |  |  | 2 |  |  | — |  |  | — |  |  | 459 |
Non-accrual | 101 |  | — |  | 37 |  | — |  | 12 |  | 19 |  |  | — |  |  | — |  |  | — |  |  | 169 |
Total commercial investor real estate mortgage | $ | 1,114 |  | $ | 2,210 |  | $ | 1,228 |  | $ | 701 |  | $ | 438 |  | $ | 257 |  |  | $ | 492 |  |  | $ | — |  |  | $ | (4) |  |  | $ | 6,436 |
Gross charge-offs | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Commercial investor real estate construction:
Risk rating: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 232 |  | $ | 796 |  | $ | 423 |  | $ | 25 |  | $ | 1 |  | $ | 1 |  |  | $ | 677 |  |  | $ | — |  |  | $ | (15) |  |  | $ | 2,140 |
Special Mention | — |  | 101 |  | — |  | — |  | — |  | — |  |  | 34 |  |  | — |  |  | — |  |  | 135 |
Substandard Accrual | — |  | 2 |  | — |  | 18 |  | — |  | — |  |  | 6 |  |  | — |  |  | — |  |  | 26 |
Non-accrual | — |  | — |  | — |  | — |  | — |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total commercial investor real estate construction | $ | 232 |  | $ | 899 |  | $ | 423 |  | $ | 43 |  | $ | 1 |  | $ | 1 |  |  | $ | 717 |  |  | $ | — |  |  | $ | (15) |  |  | $ | 2,301 |
Gross charge-offs | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Total investor real estate | $ | 1,346 |  | $ | 3,109 |  | $ | 1,651 |  | $ | 744 |  | $ | 439 |  | $ | 258 |  |  | $ | 1,209 |  |  | $ | — |  |  | $ | (19) |  |  | $ | 8,737 |
Gross investor real estate charge-offs | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
| September 30, 2023
Term Loans |  | Revolving Loans |  | Revolving Loans Converted to Amortizing |  | Unallocated (1) |  | Total
Origination Year
2023 | 2022 | 2021 | 2020 | 2019 | Prior
(In millions)
Residential first mortgage:
FICO scores: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Above 720 | $ | 1,617 |  | $ | 2,805 |  | $ | 4,414 |  | $ | 4,480 |  | $ | 821 |  | $ | 2,441 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 16,578 |
681-720 | 193 |  | 315 |  | 364 |  | 261 |  | 68 |  | 297 |  |  | — |  |  | — |  |  | — |  |  | 1,498 |
620-680 | 70 |  | 164 |  | 162 |  | 111 |  | 46 |  | 285 |  |  | — |  |  | — |  |  | — |  |  | 838 |
Below 620 | 13 |  | 77 |  | 107 |  | 83 |  | 51 |  | 390 |  |  | — |  |  | — |  |  | — |  |  | 721 |
Data not available | 26 |  | 17 |  | 50 |  | 45 |  | 12 |  | 98 |  |  | 1 |  |  | — |  |  | 175 |  |  | 424 |
Total residential first mortgage | $ | 1,919 |  | $ | 3,378 |  | $ | 5,097 |  | $ | 4,980 |  | $ | 998 |  | $ | 3,511 |  |  | $ | 1 |  |  | $ | — |  |  | $ | 175 |  |  | $ | 20,059 |
Gross charge-offs | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 1 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1 |
Home equity lines:
FICO scores: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Above 720 | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  |  | $ | 2,423 |  |  | $ | 45 |  |  | $ | — |  |  | $ | 2,468 |
681-720 | — |  | — |  | — |  | — |  | — |  | — |  |  | 336 |  |  | 11 |  |  | — |  |  | 347 |
620-680 | — |  | — |  | — |  | — |  | — |  | — |  |  | 192 |  |  | 10 |  |  | — |  |  | 202 |
Below 620 | — |  | — |  | — |  | — |  | — |  | — |  |  | 94 |  |  | 7 |  |  | — |  |  | 101 |
Data not available | — |  | — |  | — |  | — |  | — |  | — |  |  | 86 |  |  | 4 |  |  | 32 |  |  | 122 |
Total home equity lines | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  |  | $ | 3,131 |  |  | $ | 77 |  |  | $ | 32 |  |  | $ | 3,240 |
Gross charge-offs | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  |  | $ | 3 |  |  | $ | — |  |  | $ | — |  |  | $ | 3 |
Home equity loans:
FICO scores: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Above 720 | $ | 235 |  | $ | 388 |  | $ | 410 |  | $ | 216 |  | $ | 99 |  | $ | 566 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,914 |
681-720 | 37 |  | 65 |  | 56 |  | 22 |  | 15 |  | 65 |  |  | — |  |  | — |  |  | — |  |  | 260 |
620-680 | 12 |  | 26 |  | 22 |  | 9 |  | 9 |  | 55 |  |  | — |  |  | — |  |  | — |  |  | 133 |
Below 620 | 2 |  | 8 |  | 10 |  | 4 |  | 7 |  | 36 |  |  | — |  |  | — |  |  | — |  |  | 67 |
Data not available | — |  | 3 |  | 5 |  | 3 |  | 3 |  | 24 |  |  | — |  |  | — |  |  | 16 |  |  | 54 |
Total home equity loans | $ | 286 |  | $ | 490 |  | $ | 503 |  | $ | 254 |  | $ | 133 |  | $ | 746 |  |  | $ | — |  |  | $ | — |  |  | $ | 16 |  |  | $ | 2,428 |
Gross charge-offs | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 1 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1 |
Consumer credit card:
FICO scores: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Above 720 | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  |  | $ | 725 |  |  | $ | — |  |  | $ | — |  |  | $ | 725 |
681-720 | — |  | — |  | — |  | — |  | — |  | — |  |  | 245 |  |  | — |  |  | — |  |  | 245 |
620-680 | — |  | — |  | — |  | — |  | — |  | — |  |  | 204 |  |  | — |  |  | — |  |  | 204 |
Below 620 | — |  | — |  | — |  | — |  | — |  | — |  |  | 89 |  |  | — |  |  | — |  |  | 89 |
Data not available | — |  | — |  | — |  | — |  | — |  | — |  |  | 14 |  |  | — |  |  | (16) |  |  | (2) |
Total consumer credit card | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  |  | $ | 1,277 |  |  | $ | — |  |  | $ | (16) |  |  | $ | 1,261 |
Gross charge-offs | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  |  | $ | 38 |  |  | $ | — |  |  | $ | — |  |  | $ | 38 |
Other consumer—exit portfolios:
FICO scores: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Above 720 | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 74 |  | $ | 159 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 233 |
681-720 | — |  | — |  | — |  | — |  | 22 |  | 38 |  |  | — |  |  | — |  |  | — |  |  | 60 |
620-680 | — |  | — |  | — |  | — |  | 13 |  | 26 |  |  | — |  |  | — |  |  | — |  |  | 39 |
Below 620 | — |  | — |  | — |  | — |  | 5 |  | 16 |  |  | — |  |  | — |  |  | — |  |  | 21 |
Data not available | — |  | — |  | — |  | — |  | — |  | 3 |  |  | — |  |  | — |  |  | — |  |  | 3 |
Total Other consumer- exit portfolios | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 114 |  | $ | 242 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 356 |
Gross charge-offs | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 4 |  | $ | 7 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 11 |
| September 30, 2023
Term Loans |  | Revolving Loans |  | Revolving Loans Converted to Amortizing |  | Unallocated (1) |  | Total
Origination Year
2023 | 2022 | 2021 | 2020 | 2019 | Prior
(In millions)
Other consumer(2):
FICO scores: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Above 720 | $ | 1,088 |  | $ | 1,625 |  | $ | 533 |  | $ | 303 |  | $ | 165 |  | $ | 130 |  |  | $ | 116 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,960 |
681-720 | 208 |  | 438 |  | 150 |  | 81 |  | 37 |  | 32 |  |  | 66 |  |  | — |  |  | — |  |  | 1,012 |
620-680 | 137 |  | 323 |  | 113 |  | 55 |  | 25 |  | 22 |  |  | 55 |  |  | — |  |  | — |  |  | 730 |
Below 620 | 40 |  | 142 |  | 67 |  | 32 |  | 15 |  | 16 |  |  | 27 |  |  | — |  |  | — |  |  | 339 |
Data not available | 66 |  | 7 |  | 5 |  | 5 |  | 118 |  | 68 |  |  | 3 |  |  | — |  |  | (159) |  |  | 113 |
Total other consumer | $ | 1,539 |  | $ | 2,535 |  | $ | 868 |  | $ | 476 |  | $ | 360 |  | $ | 268 |  |  | $ | 267 |  |  | $ | — |  |  | $ | (159) |  |  | $ | 6,154 |
Gross charge-offs | $ | 38 |  | $ | 40 |  | $ | 25 |  | $ | 13 |  | $ | 7 |  | $ | 9 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 132 |
Total consumer loans | $ | 3,744 |  | $ | 6,403 |  | $ | 6,468 |  | $ | 5,710 |  | $ | 1,605 |  | $ | 4,767 |  |  | $ | 4,676 |  |  | $ | 77 |  |  | $ | 48 |  |  | $ | 33,498 |
Gross consumer charge-offs | $ | 38 |  | $ | 40 |  | $ | 25 |  | $ | 13 |  | $ | 11 |  | $ | 18 |  |  | $ | 41 |  |  | $ | — |  |  | $ | — |  |  | $ | 186 |
Total Loans | $ | 12,759 |  | $ | 21,281 |  | $ | 15,067 |  | $ | 9,897 |  | $ | 4,081 |  | $ | 9,502 |  |  | $ | 26,339 |  |  | $ | 77 |  |  | $ | (61) |  |  | $ | 98,942 |
Total Gross charge-offs | $ | 42 |  | $ | 89 |  | $ | 72 |  | $ | 35 |  | $ | 23 |  | $ | 30 |  |  | $ | 50 |  |  | $ | — |  |  | $ | — |  |  | $ | 341 |
| December 31, 2022
Term Loans |  | Revolving Loans |  | Revolving Loans Converted to Amortizing |  | Unallocated (1) |  | Total
Origination Year
2022 | 2021 | 2020 | 2019 | 2018 | Prior
(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 Mention | 85 |  | 120 |  | 70 |  | 30 |  | 32 |  | 1 |  |  | 282 |  |  | — |  |  | — |  |  | 620 |
Substandard Accrual | 248 |  | 114 |  | 39 |  | 57 |  | 53 |  | 17 |  |  | 500 |  |  | — |  |  | — |  |  | 1,028 |
Non-accrual | 95 |  | 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 Mention | 7 |  | 32 |  | 17 |  | 10 |  | 15 |  | 12 |  |  | 2 |  |  | — |  |  | — |  |  | 95 |
Substandard Accrual | 10 |  | 16 |  | 36 |  | 35 |  | 5 |  | 6 |  |  | 1 |  |  | — |  |  | — |  |  | 109 |
Non-accrual | 1 |  | 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 Accrual | 2 |  | — |  | 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 Loans |  | Revolving Loans |  | Revolving Loans Converted to Amortizing |  | Unallocated (1) |  | Total
Origination Year
2022 | 2021 | 2020 | 2019 | 2018 | Prior
(In millions)
Commercial investor real estate mortgage:
Risk rating: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 2,332 |  | $ | 1,321 |  | $ | 634 |  | $ | 466 |  | $ | 257 |  | $ | 94 |  |  | $ | 490 |  |  | $ | — |  |  | $ | (7) |  |  | $ | 5,587 |
Special Mention | 229 |  | 75 |  | — |  | 18 |  | — |  | 3 |  |  | 38 |  |  | — |  |  | — |  |  | 363 |
Substandard Accrual | 107 |  |  | 74 |  | 138 |  | 68 |  | 3 |  |  | — |  |  | — |  |  | — |  |  | 390 |
Non-accrual | 52 |  | — |  | — |  | — |  | — |  | 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 Mention | 25 |  | 52 |  | — |  | — |  | — |  | — |  |  | 5 |  |  | — |  |  | — |  |  | 82 |
Substandard Accrual | 3 |  | — |  | 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 |
681-720 | 337 |  | 412 |  | 313 |  | 83 |  | 42 |  | 300 |  |  | — |  |  | — |  |  | — |  |  | 1,487 |
620-680 | 168 |  | 183 |  | 129 |  | 53 |  | 34 |  | 295 |  |  | — |  |  | — |  |  | — |  |  | 862 |
Below 620 | 42 |  | 92 |  | 77 |  | 52 |  | 40 |  | 379 |  |  | — |  |  | — |  |  | — |  |  | 682 |
Data not available | 27 |  | 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 |
681-720 | 75 |  | 62 |  | 26 |  | 17 |  | 14 |  | 67 |  |  | — |  |  | — |  |  | — |  |  | 261 |
620-680 | 29 |  | 28 |  | 11 |  | 12 |  | 9 |  | 58 |  |  | — |  |  | — |  |  | — |  |  | 147 |
Below 620 | 4 |  | 8 |  | 4 |  | 5 |  | 7 |  | 38 |  |  | — |  |  | — |  |  | — |  |  | 66 |
Data not available | 4 |  | 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 Loans |  | Revolving Loans |  | Revolving Loans Converted to Amortizing |  | Unallocated (1) |  | Total
Origination Year
2022 | 2021 | 2020 | 2019 | 2018 | Prior
(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 |
681-720 | 493 |  | 200 |  | 106 |  | 50 |  | 23 |  | 20 |  |  | 66 |  |  | — |  |  | — |  |  | 958 |
620-680 | 348 |  | 153 |  | 73 |  | 34 |  | 19 |  | 15 |  |  | 55 |  |  | — |  |  | — |  |  | 697 |
Below 620 | 102 |  | 69 |  | 38 |  | 20 |  | 12 |  | 8 |  |  | 23 |  |  | — |  |  | — |  |  | 272 |
Data not available | 61 |  | 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 nine months ended September 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 September 30, 2023 and December 31, 2022. Loans on non-accrual status with no related allowance totaled $225 million comprised of commercial and investor real estate loans at September 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.
| September 30, 2023
| Accrual Loans |  |  |  |  |  |
| 30-59 DPD |  | 60-89 DPD |  | 90+ DPD |  | Total 30+ DPD |  | Total Accrual |  | Non-accrual |  | Total
| (In millions)
Commercial and industrial | $ | 37 |  |  | $ | 15 |  |  | $ | 13 |  |  | $ | 65 |  |  | $ | 51,243 |  |  | $ | 361 |  |  | $ | 51,604 |
Commercial real estate mortgage—owner-occupied | 5 |  |  | 2 |  |  | 1 |  |  | 8 |  |  | 4,790 |  |  | 43 |  |  | 4,833 |
Commercial real estate construction—owner-occupied | — |  |  | — |  |  | — |  |  | — |  |  | 260 |  |  | 10 |  |  | 270 |
Total commercial | 42 |  |  | 17 |  |  | 14 |  |  | 73 |  |  | 56,293 |  |  | 414 |  |  | 56,707 |
Commercial investor real estate mortgage | 115 |  |  | — |  |  | — |  |  | 115 |  |  | 6,267 |  |  | 169 |  |  | 6,436 |
Commercial investor real estate construction | — |  |  | — |  |  | — |  |  | — |  |  | 2,301 |  |  | — |  |  | 2,301 |
Total investor real estate | 115 |  |  | — |  |  | — |  |  | 115 |  |  | 8,568 |  |  | 169 |  |  | 8,737 |
Residential first mortgage | 97 |  |  | 41 |  |  | 81 |  |  | 219 |  |  | 20,035 |  |  | 24 |  |  | 20,059 |
Home equity lines | 19 |  |  | 14 |  |  | 16 |  |  | 49 |  |  | 3,211 |  |  | 29 |  |  | 3,240 |
Home equity loans | 7 |  |  | 4 |  |  | 7 |  |  | 18 |  |  | 2,422 |  |  | 6 |  |  | 2,428 |
Consumer credit card | 11 |  |  | 7 |  |  | 17 |  |  | 35 |  |  | 1,261 |  |  |  |  | 1,261 |
Other consumer—exit portfolios | 4 |  |  | 2 |  |  | 1 |  |  | 7 |  |  | 356 |  |  | — |  |  | 356 |
Other consumer | 52 |  |  | 28 |  |  | 27 |  |  | 107 |  |  | 6,154 |  |  | — |  |  | 6,154 |
Total consumer | 190 |  |  | 96 |  |  | 149 |  |  | 435 |  |  | 33,439 |  |  | 59 |  |  | 33,498 |
| $ | 347 |  |  | $ | 113 |  |  | $ | 163 |  |  | $ | 623 |  |  | $ | 98,300 |  |  | $ | 642 |  |  | $ | 98,942 |
| December 31, 2022
| Accrual Loans |  |  |  |  |  |
| 30-59 DPD |  | 60-89 DPD |  | 90+ DPD |  | Total 30+ DPD |  | Total Accrual |  | Non-accrual |  | Total
| (In millions)
Commercial and industrial | $ | 36 |  |  | $ | 20 |  |  | $ | 30 |  |  | $ | 86 |  |  | $ | 50,558 |  |  | $ | 347 |  |  | $ | 50,905 |
Commercial real estate mortgage—owner-occupied | 7 |  |  | 2 |  |  | 1 |  |  | 10 |  |  | 5,074 |  |  | 29 |  |  | 5,103 |
Commercial real estate construction—owner-occupied | — |  |  | — |  |  | — |  |  | — |  |  | 292 |  |  | 6 |  |  | 298 |
Total commercial | 43 |  |  | 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 mortgage | 87 |  |  | 45 |  |  | 81 |  |  | 213 |  |  | 18,779 |  |  | 31 |  |  | 18,810 |
Home equity lines | 18 |  |  | 12 |  |  | 15 |  |  | 45 |  |  | 3,482 |  |  | 28 |  |  | 3,510 |
Home equity loans | 8 |  |  | 3 |  |  | 8 |  |  | 19 |  |  | 2,483 |  |  | 6 |  |  | 2,489 |
Consumer credit card | 9 |  |  | 7 |  |  | 15 |  |  | 31 |  |  | 1,248 |  |  | — |  |  | 1,248 |
Other consumer—exit portfolios | 7 |  |  | 3 |  |  | 1 |  |  | 11 |  |  | 570 |  |  | — |  |  | 570 |
Other consumer | 46 |  |  | 21 |  |  | 17 |  |  | 84 |  |  | 5,697 |  |  | — |  |  | 5,697 |
Total consumer | 175 |  |  | 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 three and nine months ended September 30, 2023. During the periods presented, the Company did not make any modifications of principal forgiveness.
|  |  | Three Months Ended September 30, 2023
|  |  | Term Extension |  |  |  | Payment Deferral |  |  |  | Term Extension and Interest Rate Modification |  | Term Extension and Payment Deferral |  |  |  | Total
|  |  |  | $ | %(1) |  |  |  |  | $ | %(1) |  |  |  |  | $ | %(1) |  | $ | %(1) |  |  |  |  | $ | %(1)
|  |  | (Dollars in millions)
Commercial and industrial |  |  |  | $ | 197 |  | 0.38 | % |  |  |  |  | $ | 9 |  | 0.02 | % |  |  |  |  | $ | — |  | — | % |  | $ | 48 |  | 0.09 | % |  |  |  |  | $ | 254 |  | 0.49 | %
Commercial real estate mortgage—owner-occupied |  |  |  | 3 |  | 0.06 | % |  |  |  |  | — |  | — | % |  |  |  |  | — |  | — | % |  | — |  | — | % |  |  |  |  | 3 |  | 0.06 | %
Total commercial |  |  |  | 200 |  | 0.35 | % |  |  |  |  | 9 |  | 0.02 | % |  |  |  |  | — |  | — | % |  | 48 |  | 0.08 | % |  |  |  |  | 257 |  | 0.45 | %
Commercial investor real estate mortgage |  |  |  | 89 |  | 1.39 | % |  |  |  |  | — |  | — | % |  |  |  |  | — |  | — | % |  | — |  | — | % |  |  |  |  | 89 |  | 1.39 | %
Commercial investor real estate construction |  |  |  | 2 |  | 0.08 | % |  |  |  |  | — |  | — | % |  |  |  |  | — |  | — | % |  | — |  | — | % |  |  |  |  | 2 |  | 0.08 | %
Total investor real estate |  |  |  | 91 |  | 1.04 | % |  |  |  |  | — |  | — | % |  |  |  |  | — |  | — | % |  | — |  | — | % |  |  |  |  | 91 |  | 1.04 | %
Residential first mortgage |  |  |  | 25 |  | 0.12 | % |  |  |  |  | 2 |  | 0.01 | % |  |  |  |  | 1 |  | 0.01 | % |  | — |  | — | % |  |  |  |  | 28 |  | 0.14 | %
Home equity lines |  |  |  | — |  | — | % |  |  |  |  | — |  | — | % |  |  |  |  | 2 |  | 0.04 | % |  | — |  | — | % |  |  |  |  | 2 |  | 0.05 | %
Home equity loans |  |  |  | 1 |  | 0.04 | % |  |  |  |  | — |  | — | % |  |  |  |  | 1 |  | 0.05 | % |  | — |  | — | % |  |  |  |  | 2 |  | 0.09 | %
Total consumer |  |  |  | 26 |  | 0.08 | % |  |  |  |  | 2 |  | 0.01 | % |  |  |  |  | 4 |  | 0.01 | % |  | — |  | — | % |  |  |  |  | 32 |  | 0.10 | %
Total |  |  |  | $ | 317 |  | 0.32 | % |  |  |  |  | $ | 11 |  | 0.01 | % |  |  |  |  | $ | 4 |  | — | % |  | $ | 48 |  | 0.05 | % |  |  |  |  | $ | 380 |  | 0.38 | %
|  |  | Nine Months Ended September 30, 2023
|  |  | Term Extension |  |  |  | Payment Deferral |  |  |  | Term Extension and Interest Rate Modification |  | Term Extension and Payment Deferral |  |  |  | Total
|  |  |  | $ | %(1) |  |  |  |  | $ | %(1) |  |  |  |  | $ | %(1) |  | $ | %(1) |  |  |  |  | $ | %(1)
|  |  | (Dollars in millions)
Commercial and industrial |  |  |  | $ | 255 |  | 0.49 | % |  |  |  |  | $ | 148 |  | 0.29 | % |  |  |  |  | $ | — |  | — | % |  | $ | 48 |  | 0.09 | % |  |  |  |  | $ | 451 |  | 0.87 | %
Commercial real estate mortgage—owner-occupied |  |  |  | 9 |  | 0.18 | % |  |  |  |  | — |  | — | % |  |  |  |  | — |  | — | % |  | — |  | — | % |  |  |  |  | 9 |  | 0.18 | %
Commercial real estate construction—owner-occupied |  |  |  | 2 |  | 0.71 | % |  |  |  |  | — |  | — | % |  |  |  |  | — |  | — | % |  | — |  | — | % |  |  |  |  | 2 |  | 0.86 | %
Total commercial |  |  |  | 266 |  | 0.47 | % |  |  |  |  | 148 |  | 0.26 | % |  |  |  |  | — |  | — | % |  | 48 |  | 0.08 | % |  |  |  |  | 462 |  | 0.81 | %
Commercial investor real estate mortgage |  |  |  | 151 |  | 2.35 | % |  |  |  |  | — |  | — | % |  |  |  |  | — |  | — | % |  | — |  | — | % |  |  |  |  | 151 |  | 2.35 | %
Commercial investor real estate construction |  |  |  | 2 |  | 0.08 | % |  |  |  |  | — |  | — | % |  |  |  |  | — |  | — | % |  | — |  | — | % |  |  |  |  | 2 |  | 0.08 | %
Total investor real estate |  |  |  | 153 |  | 1.75 | % |  |  |  |  | — |  | — | % |  |  |  |  | — |  | — | % |  | — |  | — | % |  |  |  |  | 153 |  | 1.75 | %
Residential first mortgage |  |  |  | 72 |  | 0.36 | % |  |  |  |  | 3 |  | 0.01 | % |  |  |  |  | 3 |  | 0.02 | % |  | — |  | — | % |  |  |  |  | 78 |  | 0.39 | %
Home equity lines |  |  |  | 1 |  | 0.02 | % |  |  |  |  | — |  | — | % |  |  |  |  | 2 |  | 0.08 | % |  | — |  | — | % |  |  |  |  | 3 |  | 0.10 | %
Home equity loans |  |  |  | 3 |  | 0.13 | % |  |  |  |  | — |  | — | % |  |  |  |  | 4 |  | 0.15 | % |  | — |  | — | % |  |  |  |  | 7 |  | 0.29 | %
Total consumer |  |  |  | 76 |  | 0.23 | % |  |  |  |  | 3 |  | 0.01 | % |  |  |  |  | 9 |  | 0.03 | % |  | — |  | — | % |  |  |  |  | 88 |  | 0.26 | %
Total |  |  |  | $ | 495 |  | 0.45 | % |  |  |  |  | $ | 151 |  | 0.15 | % |  |  |  |  | $ | 9 |  | 0.01 | % |  | $ | 48 |  | 0.05 | % |  |  |  |  | $ | 703 |  | 0.71 | %
____ (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 September 30, 2023
| Term Extension |  | Payment Deferral |  | Term Extension and Interest Rate Modification |  | Term Extension and Payment Deferral
| Weighted-Average Term Extension |  | Weighted-Average Payment Deferral |  | Weighted-Average Term Extension |  | Weighted-Average Reduction in Interest Rate |  | Weighted-Average Term Extension |  | Weighted-Average Payment Deferral
| (In years, except for percentage data)
Commercial and industrial | 0.67 |  | 0.25 |  | — |  |  | — |  |  | 2 |  | 2
Commercial real estate mortgage—owner-occupied | 0.92 |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Commercial investor real estate mortgage | 0.58 |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Commercial investor real estate construction | 0.42 |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Residential first mortgage | 7 |  | 0.92 |  | 7 |  | 1 | % |  | — |  |  | — |
Home equity lines | — |  |  | — |  |  | 20 |  | 2 | % |  | — |  |  | — |
Home equity loans | 12 |  | — |  |  | 15 |  | 2 | % |  | — |  |  | — |
| Nine Months Ended September 30, 2023
| Term Extension |  | Payment Deferral |  | Term Extension and Interest Rate Modification |  | Term Extension and Payment Deferral
| Weighted-Average Term Extension |  | Weighted-Average Payment Deferral |  | Weighted-Average Term Extension |  | Weighted-Average Reduction in Interest Rate |  | Weighted-Average Term Extension |  | Weighted-Average Payment Deferral
| (In years, except for percentage data)
Commercial and industrial | 0.75 |  | 0.50 |  | — |  |  | — |  |  | 2 |  | 2
Commercial real estate mortgage—owner-occupied | 0.83 |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Commercial real estate construction—owner-occupied | 0.25 |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Commercial investor real estate mortgage | 0.67 |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Commercial investor real estate construction | 0.42 |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Residential first mortgage | 6 |  | 0.92 |  | 7 |  | 1 | % |  | — |  |  | — |
Home equity lines | 18 |  | — |  |  | 19 |  | 2 | % |  | — |  |  | — |
Home equity loans | 14 |  | — |  |  | 15 |  | 2 | % |  | — |  |  | — |
In addition to the financial impacts in the table above, during the nine months ended September 30, 2023, there were instances of commercial and industrial payment deferrals in which the amortization period was doubled to maturity. The following tables include the end of period balance of aging and non-accrual performance for modifications to troubled borrowers modified in the three and nine month periods since the adoption of related accounting guidance by portfolio segment and class.
| Three Months Ended September 30, 2023 |  |  |
| Current |  | 30-89 DPD |  | 90+ DPD |  | Non-Performing Loans |  | Total |  |  |
| (In millions) |  |  |
Commercial and industrial | $ | 73 |  |  | $ | 1 |  |  | $ | — |  |  | $ | 180 |  |  | $ | 254 |  |  |  |
Commercial real estate mortgage—owner-occupied | 1 |  |  | — |  |  | — |  |  | 2 |  |  | 3 |  |  |  |
Total commercial | 74 |  |  | 1 |  |  | — |  |  | 182 |  |  | 257 |  |  |  |
Commercial investor real estate mortgage | 40 |  |  | — |  |  | — |  |  | 49 |  |  | 89 |  |  |  |
Commercial investor real estate construction | 2 |  |  | — |  |  | — |  |  | — |  |  | 2 |  |  |  |
Total investor real estate | 42 |  |  | — |  |  | — |  |  | 49 |  |  | 91 |  |  |  |
Residential first mortgage | 25 |  |  | 2 |  |  | — |  |  | 1 |  |  | 28 |  |  |  |
Home equity lines | 2 |  |  | — |  |  | — |  |  | — |  |  | 2 |  |  |  |
Home equity loans | 1 |  |  | — |  |  | — |  |  | 1 |  |  | 2 |  |  |  |
Total consumer | 28 |  |  | 2 |  |  | — |  |  | 2 |  |  | 32 |  |  |  |
| $ | 144 |  |  | $ | 3 |  |  | $ | — |  |  | $ | 233 |  |  | $ | 380 |  |  |  |
| Nine Months Ended September 30, 2023 |  |  |
| Current |  | 30-89 DPD |  | 90+ DPD |  | Non-Performing Loans |  | Total |  |  |
| (In millions) |  |  |
Commercial and industrial | $ | 258 |  |  | $ | 2 |  |  | $ | 5 |  |  | $ | 186 |  |  | $ | 451 |  |  |  |
Commercial real estate mortgage—owner-occupied | 4 |  |  | — |  |  | — |  |  | 5 |  |  | 9 |  |  |  |
Commercial real estate construction—owner-occupied | — |  |  | — |  |  | — |  |  | 2 |  |  | 2 |  |  |  |
Total commercial | 262 |  |  | 2 |  |  | 5 |  |  | 193 |  |  | 462 |  |  |  |
Commercial investor real estate mortgage | 40 |  |  | 48 |  |  | — |  |  | 63 |  |  | 151 |  |  |  |
Commercial investor real estate construction | 2 |  |  | — |  |  | — |  |  | — |  |  | 2 |  |  |  |
Total investor real estate | 42 |  |  | 48 |  |  | — |  |  | 63 |  |  | 153 |  |  |  |
Residential first mortgage | 63 |  |  | 10 |  |  | 3 |  |  | 2 |  |  | 78 |  |  |  |
Home equity lines | 3 |  |  | — |  |  | — |  |  | — |  |  | 3 |  |  |  |
Home equity loans | 5 |  |  | — |  |  | — |  |  | 2 |  |  | 7 |  |  |  |
Total consumer | 71 |  |  | 10 |  |  | 3 |  |  | 4 |  |  | 88 |  |  |  |
| $ | 375 |  |  | $ | 60 |  |  | $ | 8 |  |  | $ | 260 |  |  | $ | 703 |  |  |  |
For modifications to troubled borrowers, a subsequent payment default is defined in terms of delinquency, when a principal or interest payment is 90 days past due or classified as non-accrual status during the reporting period. As of September 30, 2023, subsequent defaults of the loans restructured as a modification to a troubled borrower during the three and nine-month periods ended September 30, 2023 were immaterial. 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 September 30, 2022
|  |  |  |  | Financial Impact of Modifications Considered TDRs
| Number of Obligors |  | Recorded Investment |  | Increase in Allowance at Modification
| (Dollars in millions)
Commercial and industrial | 16 |  |  | $ | 55 |  |  | $ | — |
Commercial real estate mortgage—owner-occupied | 1 |  |  | — |  |  | — |
Commercial real estate construction—owner-occupied | — |  |  | 3 |  |  | — |
Total commercial | 17 |  |  | 58 |  |  | — |
Commercial investor real estate mortgage | 2 |  |  | — |  |  | — |
Commercial investor real estate construction | — |  |  | — |  |  | — |
Total investor real estate | 2 |  |  | — |  |  | — |
Residential first mortgage | 118 |  |  | 16 |  |  | 1 |
Home equity lines | 21 |  |  | 1 |  |  | 1 |
Home equity loans | 45 |  |  | 3 |  |  | — |
Consumer credit card | — |  |  | — |  |  | — |
Other consumer—exit portfolios | — |  |  | — |  |  | — |
Other consumer | 2 |  |  | — |  |  | — |
Total consumer | 184 |  |  | 20 |  |  | 2 |
| 203 |  |  | $ | 78 |  |  | $ | 2 |

X
- Definition The entire disclosure for allowance for credit losses. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -Publisher FASB -URI https://asc.fasb.org//310/tableOfContent + Details
Name: | us-gaap_AllowanceForCreditLossesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration