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v3.23.3

Allowance for Credit Losses (Tables) | 9 Months Ended
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Sep. 30, 2023
Receivables [Abstract] |
Analysis Of The Allowance For Credit Losses By Portfolio Segment |
| 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.
Financing Receivable Credit Quality Indicators | 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.
Past Due Financing Receivables | 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 by class and segment | 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.
Financial impact of modifications to troubled borrowers | 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.
Aging and non-accrual performance for modifications to troubled borrowers | 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 |  |  |  |
Troubled Debt Restructurings on Financing Receivables | 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 |
| Nine 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 | 36 |  |  | $ | 115 |  |  | $ | — |
Commercial real estate mortgage—owner-occupied | 10 |  |  | 3 |  |  | — |
Commercial real estate construction—owner-occupied | — |  |  | 3 |  |  | — |
Total commercial | 46 |  |  | 121 |  |  | — |
Commercial investor real estate mortgage | 4 |  |  | 35 |  |  | — |
Commercial investor real estate construction | — |  |  | — |  |  | — |
Total investor real estate | 4 |  |  | 35 |  |  | — |
Residential first mortgage | 843 |  |  | 116 |  |  | 5 |
Home equity lines | 75 |  |  | 5 |  |  | 3 |
Home equity loans | 155 |  |  | 11 |  |  | — |
Consumer credit card | 2 |  |  | — |  |  | — |
Other consumer—exit portfolios | — |  |  | — |  |  | — |
Other consumer | 4 |  |  | — |  |  | — |
Total consumer | 1,079 |  |  | 132 |  |  | 8 |
| 1,129 |  |  | $ | 288 |  |  | $ | 8 |

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