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Allowance for Credit Losses (Tables) | 9 Months Ended
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Sep. 30, 2020
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract] |
Rollforward Of The Allowance For Loan Losses By Portfolio Segment | The following table provides a rollforward of the ALLL and RULC by portfolio type for the three and nine months ended September 30, 2020 and 2019:
(Dollars in thousands) |  | Commercial, Financial, and Industrial (a) |  | Commercial Real Estate |  | Consumer Real Estate |  | Credit Card and Other |  | Total
Allowance for loan and lease losses: |  |  |  |  |  |  |  |  |  |
Balance as of July 1, 2020 |  | $ | 318,722 |  |  | $ | 57,285 |  |  | $ | 143,757 |  |  | $ | 18,117 |  |  | $ | 537,881 |
Charge-offs (b) |  | (69,448) |  |  | (3,540) |  |  | (1,834) |  |  | (3,519) |  |  | (78,341) |
Recoveries |  | 3,200 |  |  | 2,243 |  |  | 5,311 |  |  | 997 |  |  | 11,751 |
Initial allowance on loans purchased with credit deterioration (b) |  | 137,702 |  |  | 100,123 |  |  | 44,141 |  |  | 4,845 |  |  | 286,811 |
Provision for loan and lease losses (c) |  | 98,918 |  |  | 51,847 |  |  | 74,055 |  |  | 5,180 |  |  | 230,000 |
Balance as of September 30, 2020 |  | 489,094 |  |  | 207,958 |  |  | 265,430 |  |  | 25,620 |  |  | 988,102 |
Reserve for remaining unfunded commitments: |  |  |  |  |  |  |  |  |  |
Balance as of July 1, 2020 |  | 36,388 |  |  | 6,359 |  |  | 7,714 |  |  | — |  |  | 50,461 |
Initial reserve on loans acquired |  | 11,760 |  |  | 26,306 |  |  | 3,185 |  |  | 8 |  |  | 41,259 |
Provision/(provision credit) for remaining unfunded commitments |  | (1,509) |  |  | (1,671) |  |  | 180 |  |  | — |  |  | (3,000) |
Balance as of September 30, 2020 |  | 46,639 |  |  | 30,994 |  |  | 11,079 |  |  | 8 |  |  | 88,720 |
Allowance for loan and lease losses: |  |  |  |  |  |  |  |  |  |
Balance as of January 1, 2020 |  | 122,486 |  |  | 36,112 |  |  | 28,443 |  |  | 13,266 |  |  | 200,307 |
Adoption of ASU 2016-13 |  | 18,782 |  |  | (7,348) |  |  | 92,992 |  |  | 1,968 |  |  | 106,394 |
Balance as of January 1, 2020, as adjusted |  | 141,268 |  |  | 28,764 |  |  | 121,435 |  |  | 15,234 |  |  | 306,701 |
Charge-offs (b) |  | (94,400) |  |  | (4,182) |  |  | (6,112) |  |  | (10,007) |  |  | (114,701) |
Recoveries |  | 5,208 |  |  | 2,972 |  |  | 12,853 |  |  | 3,258 |  |  | 24,291 |
Initial allowance on loans purchased with credit deterioration (b) |  | 137,702 |  |  | 100,123 |  |  | 44,141 |  |  | 4,845 |  |  | 286,811 |
Provision for loan and lease losses (c) |  | 299,316 |  |  | 80,281 |  |  | 93,113 |  |  | 12,290 |  |  | 485,000 |
Balance as of September 30, 2020 |  | $ | 489,094 |  |  | $ | 207,958 |  |  | $ | 265,430 |  |  | $ | 25,620 |  |  | $ | 988,102 |
Reserve for remaining unfunded commitments: |  |  |  |  |  |  |  |  |  |
Balance as of January 1, 2020 |  | 3,590 |  |  | 2,356 |  |  | 16 |  |  | 139 |  |  | 6,101 |
Adoption of ASU 2016-13 |  | 16,512 |  |  | 1,276 |  |  | 6,323 |  |  | (139) |  |  | 23,972 |
Balance as of January 1, 2020, as adjusted |  | 20,102 |  |  | 3,632 |  |  | 6,339 |  |  | — |  |  | 30,073 |
Initial reserve on loans acquired |  | 11,760 |  |  | 26,306 |  |  | 3,185 |  |  | 8 |  |  | 41,259 |
Provision for remaining unfunded commitments |  | 14,777 |  |  | 1,056 |  |  | 1,555 |  |  | — |  |  | 17,388 |
Balance as of September 30, 2020 |  | $ | 46,639 |  |  | $ | 30,994 |  |  | $ | 11,079 |  |  | $ | 8 |  |  | $ | 88,720 |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |
Balance as of July 1, 2019 |  | $ | 116,096 |  |  | $ | 32,953 |  |  | $ | 31,532 |  |  | $ | 12,168 |  |  | $ | 192,749 |
Charge-offs |  | (18,598) |  |  | (369) |  |  | (1,473) |  |  | (3,897) |  |  | (24,337) |
Recoveries |  | 3,245 |  |  | 181 |  |  | 5,055 |  |  | 1,256 |  |  | 9,737 |
Provision/(provision credit) for loan losses |  | 13,387 |  |  | 2,860 |  |  | (4,440) |  |  | 3,193 |  |  | 15,000 |
Balance as of September 30, 2019 |  | 114,130 |  |  | 35,625 |  |  | 30,674 |  |  | 12,720 |  |  | 193,149 |
Reserve for remaining unfunded commitments: |  |  |  |  |  |  |  |  |  |
Balance as of July 1, 2019 |  | 4,231 |  |  | 3,149 |  |  | 20 |  |  | 125 |  |  | 7,525 |
Provision/(provision credit) for remaining unfunded commitments |  | (406) |  |  | (231) |  |  | (5) |  |  | 7 |  |  | (635) |
Balance as of September 30, 2019 |  | 3,825 |  |  | 2,918 |  |  | 15 |  |  | 132 |  |  | 6,890 |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |
Balance as of January 1, 2019 |  | 98,947 |  |  | 31,311 |  |  | 37,439 |  |  | 12,727 |  |  | 180,424 |
Charge-offs |  | (28,289) |  |  | (924) |  |  | (5,991) |  |  | (11,883) |  |  | (47,087) |
Recoveries |  | 4,593 |  |  | 150 |  |  | 14,621 |  |  | 3,448 |  |  | 22,812 |
Provision/(provision credit) for loan losses |  | 38,879 |  |  | 5,088 |  |  | (15,395) |  |  | 8,428 |  |  | 37,000 |
Balance as of September 30, 2019 |  | 114,130 |  |  | 35,625 |  |  | 30,674 |  |  | 12,720 |  |  | 193,149 |
Reserve for remaining unfunded commitments: |  |  |  |  |  |  |  |  |  |
Balance as of January 1, 2019 |  | 4,240 |  |  | 3,242 |  |  | 27 |  |  | 109 |  |  | 7,618 |
Provision/(provision credit) for remaining unfunded commitments |  | (415) |  |  | (324) |  |  | (12) |  |  | 23 |  |  | (728) |
Balance as of September 30, 2019 |  | $ | 3,825 |  |  | $ | 2,918 |  |  | $ | 15 |  |  | $ | 132 |  |  | $ | 6,890 |
(a) C&I loans as of September 30, 2020 include $4.2 billion in PPP loans which due to the government guarantee and forgiveness provisions are considered to have no credit risk and therefore have no allowance for loan and lease losses. (b) The three and nine month periods ended September 30, 2020 exclude day 1 charge-offs and the related initial allowance on PCD loans is net of these amounts. Under the new CECL standard, the initial ALLL recognized on PCD assets included an additional $237.3 million for charged-off loans that had been written off prior to acquisition (whether full or partial) or which met FHN's charge-off policy at the time of acquisition. After charging these amounts off immediately upon acquisition, the net impact was 286.8 million of additional ALLL for PCD loans. (c) Provision for loan and lease losses for the three and nine month periods ended September 30, 2020 includes $147.0 million recognized on non-PCD loans from the IBKC merger and Truist branch acquisition.

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- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI http://asc.fasb.org/extlink&oid=121611835&loc=SL6953423-111524 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919249-210447 + Details
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