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Loans and Allowance for Loan Losses (Tables) | 6 Months Ended
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Jun. 30, 2020
Loans and Allowance for Loan Losses [Abstract] |
Schedule of Current, Accruing Past Due, and Non-accrual Loans | The following tables provide a summary of current, accruing past due, and non-accrual loans by portfolio class as of June 30, 2020 and December 31, 2019.
Current, Accruing Past Due, and Non-accrual Loans |  |  |  |  |  |  |  |  |  |  |  |  |  |
| June 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |
(in thousands) | Current |  | Accruing 30-89 Days Past Due (1) |  | Accruing 90 Days or Greater Past Due (1) |  | Total Accruing Past Due (1) |  | Non-accrual with an ALL (1) |  | Non-accrual without an ALL (1) |  | Total |
Commercial, financial and agricultural | $ | 13,041,583 |  |  | $ | 9,515 |  |  | $ | 2,598 |  |  | $ | 12,113 |  |  | $ | 67,535 |  |  | $ | 15,465 |  |  | $ | 13,136,696 |  |
Owner-occupied | 6,779,043 |  |  | 1,894 |  |  | 1,038 |  |  | 2,932 |  |  | 9,206 |  |  | 10,399 |  |  | 6,801,580 |  |
Total commercial and industrial | 19,820,626 |  |  | 11,409 |  |  | 3,636 |  |  | 15,045 |  |  | 76,741 |  |  | 25,864 |  |  | 19,938,276 |  |
Investment properties | 9,444,615 |  |  | 829 |  |  | 118 |  |  | 947 |  |  | 1,638 |  |  | — |  |  | 9,447,200 |  |
1-4 family properties | 689,660 |  |  | 1,507 |  |  | 1,204 |  |  | 2,711 |  |  | 4,437 |  |  | — |  |  | 696,808 |  |
Land and development | 680,445 |  |  | 469 |  |  | 46 |  |  | 515 |  |  | 2,302 |  |  | 265 |  |  | 683,527 |  |
Total commercial real estate | 10,814,720 |  |  | 2,805 |  |  | 1,368 |  |  | 4,173 |  |  | 8,377 |  |  | 265 |  |  | 10,827,535 |  |
Consumer mortgages | 5,786,762 |  |  | 7,176 |  |  | — |  |  | 7,176 |  |  | 17,086 |  |  | 352 |  |  | 5,811,376 |  |
Home equity lines | 1,692,542 |  |  | 3,495 |  |  | 27 |  |  | 3,522 |  |  | 14,200 |  |  | — |  |  | 1,710,264 |  |
Credit cards | 243,333 |  |  | 4,395 |  |  | 2,720 |  |  | 7,115 |  |  | — |  |  | — |  |  | 250,448 |  |
Other consumer loans | 1,460,672 |  |  | 8,719 |  |  | 640 |  |  | 9,359 |  |  | 4,552 |  |  | — |  |  | 1,474,583 |  |
Total consumer | 9,183,309 |  |  | 23,785 |  |  | 3,387 |  |  | 27,172 |  |  | 35,838 |  |  | 352 |  |  | 9,246,671 |  |
Total loans | $ | 39,818,655 |  |  | $ | 37,999 |  |  | $ | 8,391 |  |  | $ | 46,390 |  |  | $ | 120,956 |  |  | $ | 26,481 |  |  | $ | 40,012,482 |  | (2)
| December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |
(in thousands) | Current |  | Accruing 30-89 Days Past Due |  | Accruing 90 Days or Greater Past Due |  | Total Accruing Past Due |  | Non-accrual |  | ASC 310-30 Loans(3) |  | Total |
Commercial, financial and agricultural | $ | 9,124,285 |  |  | $ | 38,916 |  |  | $ | 1,206 |  |  | $ | 40,122 |  |  | $ | 56,017 |  |  | $ | 1,019,135 |  |  | $ | 10,239,559 |  |
Owner-occupied | 5,691,095 |  |  | 5,164 |  |  | 576 |  |  | 5,740 |  |  | 9,780 |  |  | 823,196 |  |  | 6,529,811 |  |
Total commercial and industrial | 14,815,380 |  |  | 44,080 |  |  | 1,782 |  |  | 45,862 |  |  | 65,797 |  |  | 1,842,331 |  |  | 16,769,370 |  |
Investment properties | 7,264,794 |  |  | 1,344 |  |  | — |  |  | 1,344 |  |  | 1,581 |  |  | 1,736,608 |  |  | 9,004,327 |  |
1-4 family properties | 733,984 |  |  | 2,073 |  |  | 304 |  |  | 2,377 |  |  | 2,253 |  |  | 41,401 |  |  | 780,015 |  |
Land and development | 629,363 |  |  | 808 |  |  | — |  |  | 808 |  |  | 1,110 |  |  | 78,161 |  |  | 709,442 |  |
Total commercial real estate | 8,628,141 |  |  | 4,225 |  |  | 304 |  |  | 4,529 |  |  | 4,944 |  |  | 1,856,170 |  |  | 10,493,784 |  |
Consumer mortgages | 3,681,553 |  |  | 4,223 |  |  | 730 |  |  | 4,953 |  |  | 11,369 |  |  | 1,848,493 |  |  | 5,546,368 |  |
Home equity lines | 1,691,759 |  |  | 7,038 |  |  | 171 |  |  | 7,209 |  |  | 12,034 |  |  | 2,155 |  |  | 1,713,157 |  |
Credit cards | 263,065 |  |  | 3,076 |  |  | 2,700 |  |  | 5,776 |  |  | — |  |  | — |  |  | 268,841 |  |
Other consumer loans | 2,363,101 |  |  | 18,688 |  |  | 616 |  |  | 19,304 |  |  | 5,704 |  |  | 8,185 |  |  | 2,396,294 |  |
Total consumer | 7,999,478 |  |  | 33,025 |  |  | 4,217 |  |  | 37,242 |  |  | 29,107 |  |  | 1,858,833 |  |  | 9,924,660 |  |
Total loans | $ | 31,442,999 |  |  | $ | 81,330 |  |  | $ | 6,303 |  |  | $ | 87,633 |  |  | $ | 99,848 |  |  | $ | 5,557,334 |  |  | $ | 37,187,814 |  | (4)
(1) For purposes of this table, non-performing and past due loans exclude COVID-19 loan modifications. (2) Total before net deferred fees and costs of $98.2 million. (3) Represents loans (at fair value) acquired from FCB accounted for under ASC 310-30, net of discount of $90.3 million and payments since Acquisition Date and also include $1.8 million in non-accrual loans, $9.6 million in accruing 90 days or greater past due loans, and $26.5 million in 30-89 days past due loans. (4) Total before net deferred fees and costs of $25.4 million.
Loan Portfolio Credit Exposure | The following table summarizes each loan portfolio class by risk grade and origination as of June 30, 2020.
Loan Portfolio by Risk Grade and Origination |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| June 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Term Loans Amortized Cost Basis by Origination Year |  |  |  |  |  |  |  |  |  |  |  | Revolving Loans |  |  |  |
(in thousands) | 2020 |  | 2019 |  | 2018 |  | 2017 |  | 2016 |  | Prior |  | Amortized Cost Basis |  | Converted to Term Loans |  | Total
Commercial, financial and agricultural |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 3,740,787 |  |  | $ | 1,597,917 |  |  | $ | 1,036,299 |  |  | $ | 708,156 |  |  | $ | 612,390 |  |  | $ | 892,294 |  |  | $ | 4,122,798 |  |  | $ | 77,917 |  |  | $ | 12,788,558 |
Special Mention | 7,352 |  |  | 7,740 |  |  | 19,208 |  |  | 31,223 |  |  | 3,910 |  |  | 14,110 |  |  | 61,580 |  |  | 2,820 |  |  | 147,943 |
Substandard(1) | 4,674 |  |  | 11,579 |  |  | 15,952 |  |  | 20,561 |  |  | 11,095 |  |  | 37,335 |  |  | 65,753 |  |  | 1,016 |  |  | 167,965 |
Doubtful(2) | — |  |  | 3,721 |  |  | 19,778 |  |  | 186 |  |  | 915 |  |  | 91 |  |  | 6,810 |  |  | 729 |  |  | 32,230 |
Total commercial, financial and agricultural | 3,752,813 |  |  | 1,620,957 |  |  | 1,091,237 |  |  | 760,126 |  |  | 628,310 |  |  | 943,830 |  |  | 4,256,941 |  |  | 82,482 |  |  | 13,136,696 |
Owner-occupied |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 688,033 |  |  | 1,216,238 |  |  | 1,250,906 |  |  | 1,082,002 |  |  | 669,572 |  |  | 1,419,946 |  |  | 308,851 |  |  | — |  |  | 6,635,548 |
Special Mention | 2,700 |  |  | 6,233 |  |  | 13,990 |  |  | 6,776 |  |  | 3,219 |  |  | 7,362 |  |  | — |  |  | — |  |  | 40,280 |
Substandard(1) | 1,101 |  |  | 11,466 |  |  | 35,225 |  |  | 30,457 |  |  | 6,749 |  |  | 31,093 |  |  | 23 |  |  | — |  |  | 116,114 |
Doubtful(2) | — |  |  | — |  |  | 9,638 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 9,638 |
Total owner-occupied | 691,834 |  |  | 1,233,937 |  |  | 1,309,759 |  |  | 1,119,235 |  |  | 679,540 |  |  | 1,458,401 |  |  | 308,874 |  |  | — |  |  | 6,801,580 |
Total commercial and industrial | 4,444,647 |  |  | 2,854,894 |  |  | 2,400,996 |  |  | 1,879,361 |  |  | 1,307,850 |  |  | 2,402,231 |  |  | 4,565,815 |  |  | 82,482 |  |  | 19,938,276 |
Investment properties |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 584,995 |  |  | 2,148,882 |  |  | 2,367,168 |  |  | 1,568,115 |  |  | 794,784 |  |  | 1,645,276 |  |  | 225,887 |  |  | — |  |  | 9,335,107 |
Special Mention | 828 |  |  | 717 |  |  | — |  |  | 22,446 |  |  | 21,406 |  |  | 4,499 |  |  | — |  |  | — |  |  | 49,896 |
Substandard(1) | 154 |  |  | 1,982 |  |  | 4,691 |  |  | 2,328 |  |  | 976 |  |  | 52,026 |  |  | 40 |  |  | — |  |  | 62,197 |
Total investment properties | 585,977 |  |  | 2,151,581 |  |  | 2,371,859 |  |  | 1,592,889 |  |  | 817,166 |  |  | 1,701,801 |  |  | 225,927 |  |  | — |  |  | 9,447,200 |
1-4 family properties |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 94,373 |  |  | 150,134 |  |  | 90,084 |  |  | 102,285 |  |  | 51,637 |  |  | 124,109 |  |  | 67,053 |  |  | — |  |  | 679,675 |
Special Mention | 430 |  |  | 1,996 |  |  | 160 |  |  | — |  |  | 807 |  |  | 410 |  |  | — |  |  | — |  |  | 3,803 |
Substandard(1) | 1,518 |  |  | 922 |  |  | 4,399 |  |  | 1,092 |  |  | 382 |  |  | 2,640 |  |  | 2,377 |  |  | — |  |  | 13,330 |
Total 1-4 family properties | 96,321 |  |  | 153,052 |  |  | 94,643 |  |  | 103,377 |  |  | 52,826 |  |  | 127,159 |  |  | 69,430 |  |  | — |  |  | 696,808 |
Land and development |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 41,600 |  |  | 222,580 |  |  | 103,868 |  |  | 115,763 |  |  | 21,025 |  |  | 103,966 |  |  | 48,039 |  |  | — |  |  | 656,841 |
Special Mention | — |  |  | 1,533 |  |  | 2,390 |  |  | 636 |  |  | — |  |  | 7,186 |  |  | 5,642 |  |  | — |  |  | 17,387 |
Substandard(1) | 1,101 |  |  | 1,274 |  |  | 2,864 |  |  | 630 |  |  | 1,190 |  |  | 2,240 |  |  | — |  |  | — |  |  | 9,299 |
Total land and development | 42,701 |  |  | 225,387 |  |  | 109,122 |  |  | 117,029 |  |  | 22,215 |  |  | 113,392 |  |  | 53,681 |  |  | — |  |  | 683,527 |
Total commercial real estate | 724,999 |  |  | 2,530,020 |  |  | 2,575,624 |  |  | 1,813,295 |  |  | 892,207 |  |  | 1,942,352 |  |  | 349,038 |  |  | — |  |  | 10,827,535 |
Loan Portfolio by Risk Grade and Origination (continued) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| June 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Term Loans Amortized Cost Basis by Origination Year |  |  |  |  |  |  |  |  |  |  |  | Revolving Loans |  |  |  |
(in thousands) | 2020 |  | 2019 |  | 2018 |  | 2017 |  | 2016 |  | Prior |  | Amortized Cost Basis |  | Converted to Term Loans |  | Total
Consumer mortgages |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 1,087,169 |  |  | $ | 1,042,318 |  |  | $ | 560,207 |  |  | $ | 841,101 |  |  | $ | 826,726 |  |  | $ | 1,433,288 |  |  | $ | 991 |  |  | $ | — |  |  | $ | 5,791,800 |
Substandard(1) | 29 |  |  | 1,116 |  |  | 895 |  |  | 4,741 |  |  | 2,500 |  |  | 10,221 |  |  | — |  |  | — |  |  | 19,502 |
Loss(3) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 74 |  |  | — |  |  | — |  |  | 74 |
Total consumer mortgages | 1,087,198 |  |  | 1,043,434 |  |  | 561,102 |  |  | 845,842 |  |  | 829,226 |  |  | 1,443,583 |  |  | 991 |  |  | — |  |  | 5,811,376 |
Home equity lines |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,600,837 |  |  | 89,969 |  |  | 1,690,806 |
Substandard(1) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 11,234 |  |  | 6,047 |  |  | 17,281 |
Doubtful(2) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 17 |  |  | 20 |  |  | 37 |
Loss(3) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,898 |  |  | 242 |  |  | 2,140 |
Total home equity lines | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,613,986 |  |  | 96,278 |  |  | 1,710,264 |
Credit cards |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 247,884 |  |  | — |  |  | 247,884 |
Substandard(1) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 898 |  |  | — |  |  | 898 |
Loss(4) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,666 |  |  | — |  |  | 1,666 |
Total credit cards | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 250,448 |  |  | — |  |  | 250,448 |
Other consumer loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 259,282 |  |  | 326,999 |  |  | 221,013 |  |  | 196,955 |  |  | 126,927 |  |  | 88,033 |  |  | 249,397 |  |  | — |  |  | 1,468,606 |
Substandard(1) | — |  |  | 1,246 |  |  | 536 |  |  | 2,517 |  |  | 715 |  |  | 677 |  |  | 286 |  |  | — |  |  | 5,977 |
Total other consumer loans | 259,282 |  |  | 328,245 |  |  | 221,549 |  |  | 199,472 |  |  | 127,642 |  |  | 88,710 |  |  | 249,683 |  |  | — |  |  | 1,474,583 |
Total consumer | 1,346,480 |  |  | 1,371,679 |  |  | 782,651 |  |  | 1,045,314 |  |  | 956,868 |  |  | 1,532,293 |  |  | 2,115,108 |  |  | 96,278 |  |  | 9,246,671 |
Total loans(5) | $ | 6,516,126 |  |  | $ | 6,756,593 |  |  | $ | 5,759,271 |  |  | $ | 4,737,970 |  |  | $ | 3,156,925 |  |  | $ | 5,876,876 |  |  | $ | 7,029,961 |  |  | $ | 178,760 |  |  | $ | 40,012,482 |
(1) The majority of loans within Substandard risk grade are accruing loans at June 30, 2020. (2) Loans within Doubtful risk grade are on non-accrual status and generally have an ALL equal to 50% of the loan amount. (3) Loans within Loss risk grade are on non-accrual status and have an ALL equal to the full loan amount. (4) Represent amounts that were 120 days past due. These credits are downgraded to the Loss category with an ALL equal to the full loan amount and are generally charged off upon reaching 181 days past due in accordance with the FFIEC Retail Credit Classification Policy. (5) Total before net deferred fees and costs of $98.2 million.
Loan Portfolio by Risk Grade |  |  |  |  |  |  |  |  |  |  |
| December 31, 2019 |  |  |  |  |  |  |  |  |  |
(in thousands) | Pass |  | Special Mention |  | Substandard(1) |  | Doubtful(2) |  | Loss(3) |  | Total
Commercial, financial and agricultural | $ | 9,927,059 |  |  | $ | 128,506 |  |  | $ | 182,831 |  |  | $ | 1,163 |  |  | $ | — |  |  | $ | 10,239,559 |
Owner-occupied | 6,386,055 |  |  | 58,330 |  |  | 85,426 |  |  | — |  |  | — |  |  | 6,529,811 |
Total commercial and industrial | 16,313,114 |  |  | 186,836 |  |  | 268,257 |  |  | 1,163 |  |  | — |  |  | 16,769,370 |
Investment properties | 8,930,360 |  |  | 16,490 |  |  | 57,477 |  |  | — |  |  | — |  |  | 9,004,327 |
1-4 family properties | 766,529 |  |  | 3,249 |  |  | 10,237 |  |  | — |  |  | — |  |  | 780,015 |
Land and development | 681,003 |  |  | 18,643 |  |  | 9,796 |  |  | — |  |  | — |  |  | 709,442 |
Total commercial real estate | 10,377,892 |  |  | 38,382 |  |  | 77,510 |  |  | — |  |  | — |  |  | 10,493,784 |
Consumer mortgages | 5,527,746 |  |  | — |  |  | 18,376 |  |  | 97 |  |  | 149 |  |  | 5,546,368 |
Home equity lines | 1,697,086 |  |  | — |  |  | 14,806 |  |  | 21 |  |  | 1,244 |  |  | 1,713,157 |
Credit cards | 266,146 |  |  | — |  |  | 818 |  |  | — |  |  | 1,877 |  | (4) | 268,841 |
Other consumer loans | 2,390,199 |  |  | — |  |  | 6,095 |  |  | — |  |  | — |  |  | 2,396,294 |
Total consumer | 9,881,177 |  |  | — |  |  | 40,095 |  |  | 118 |  |  | 3,270 |  |  | 9,924,660 |
Total loans(5) | $ | 36,572,183 |  |  | $ | 225,218 |  |  | $ | 385,862 |  |  | $ | 1,281 |  |  | $ | 3,270 |  |  | $ | 37,187,814 |
(1) The majority of loans within Substandard risk grade are accruing loans at December 31, 2019. (2) Loans within Doubtful risk grade are on non-accrual status and generally have an ALL equal to 50% of the loan amount. (3) Loans within Loss risk grade are on non-accrual status and have an ALL equal to the full loan amount. (4) Represent amounts that were 120 days past due. These credits are downgraded to the Loss category with an ALL equal to the full loan amount and are generally charged off upon reaching 181 days past due in accordance with the FFIEC Retail Credit Classification Policy. (5) Total before net deferred fees and costs of $25.4 million.
Financing Receivable, Allowance for Credit Loss | The following tables detail the changes in the ALL by loan segment for the three and six months ended June 30, 2020 and 2019. Additionally, during the three months ended June 30, 2020, Synovus reversed $13.3 million in previously established reserves for credit losses associated with the transfer of $801.0 million in certain third-party lending partnership consumer loans to held for sale loans.
Allowance for Loan Losses Roll Forward |  |  |  |  |  |  |
| As Of and For the Three Months Ended June 30, 2020 |  |  |  |  |  |
(in thousands) | Commercial & Industrial |  | Commercial Real Estate |  | Consumer |  | Total
Allowance for loan losses: |  |  |  |  |  |  |
Beginning balance | $ | 216,950 |  |  | $ | 107,117 |  |  | $ | 169,385 |  |  | $ | 493,452 |
Charge-offs | (23,245) |  |  | (689) |  |  | (6,844) |  |  | (30,778) |
Recoveries | 3,261 |  |  | 536 |  |  | 2,935 |  |  | 6,732 |
Provision for loan losses | 32,949 |  |  | 64,562 |  |  | 21,731 |  |  | 119,242 |
Ending balance | $ | 229,915 |  |  | $ | 171,526 |  |  | $ | 187,207 |  |  | $ | 588,648 |
| As Of and For the Three Months Ended June 30, 2019 |  |  |  |  |  |
(in thousands) | Commercial & Industrial |  | Commercial Real Estate |  | Consumer |  | Total
Allowance for loan losses: |  |  |  |  |  |  |
Beginning balance | $ | 135,639 |  |  | $ | 69,009 |  |  | $ | 52,388 |  |  | $ | 257,036 |
Charge-offs | (11,095) |  |  | (861) |  |  | (4,909) |  |  | (16,865) |
Recoveries | 1,821 |  |  | 1,954 |  |  | 1,311 |  |  | 5,086 |
Provision for (reversal of) loan losses | 11,639 |  |  | (6,639) |  |  | 7,119 |  |  | 12,119 |
Ending balance | $ | 138,004 |  |  | $ | 63,463 |  |  | $ | 55,909 |  |  | $ | 257,376 |
| As Of and For the Six Months Ended June 30, 2020 |  |  |  |  |  |
(in thousands) | Commercial & Industrial |  | Commercial Real Estate |  | Consumer |  | Total
Allowance for loan losses: |  |  |  |  |  |  |
Beginning balance, prior to adoption of ASU 2016-13 | $ | 145,782 |  |  | $ | 67,430 |  |  | $ | 68,190 |  |  | $ | 281,402 |
Impact from adoption of ASU 2016-13 | (2,310) |  |  | (651) |  |  | 85,955 |  |  | 82,994 |
Charge-offs | (38,130) |  |  | (1,706) |  |  | (14,816) |  |  | (54,652) |
Recoveries | 5,002 |  |  | 935 |  |  | 4,608 |  |  | 10,545 |
Provision for loan losses | 119,571 |  |  | 105,518 |  |  | 43,270 |  |  | 268,359 |
Ending balance | $ | 229,915 |  |  | $ | 171,526 |  |  | $ | 187,207 |  |  | $ | 588,648 |
| As Of and For the Six Months Ended June 30, 2019 |  |  |  |  |  |
(in thousands) | Commercial & Industrial |  | Commercial Real Estate |  | Consumer |  | Total
Allowance for loan losses: |  |  |  |  |  |  |
Beginning balance | $ | 133,123 |  |  | $ | 68,796 |  |  | $ | 48,636 |  |  | $ | 250,555 |
Charge-offs | (24,133) |  |  | (2,093) |  |  | (11,337) |  |  | (37,563) |
Recoveries | 3,810 |  |  | 2,298 |  |  | 2,588 |  |  | 8,696 |
Provision for (reversal of) loan losses | 25,204 |  |  | (5,538) |  |  | 16,022 |  |  | 35,688 |
Ending balance | $ | 138,004 |  |  | $ | 63,463 |  |  | $ | 55,909 |  |  | $ | 257,376 |
Troubled Debt Restructurings | Information about Synovus' TDRs is presented in the following tables. Synovus began entering into loan modifications with borrowers in response to the COVID-19 pandemic, which have not been classified as TDRs, and therefore are not included in the discussion below. See "Part I-Item 1. Financial Statements and Supplementary Data - Note 1 - Basis of Presentation" in this Report for more information on Synovus' loan modifications due to COVID-19. The following tables represent, by concession type, the post-modification balance for loans modified or renewed during the three and six months ended June 30, 2020 and 2019 that were reported as accruing or non-accruing TDRs.
TDRs by Concession Type |  |  |  |  |  |  |  |
| Three Months Ended June 30, 2020 |  |  |  |  |  |  |
(in thousands, except contract data) | Number of Contracts |  | Below Market Interest Rate |  | Other Concessions(1) |  | Total |
Commercial, financial and agricultural | 40 |  |  | $ | 1,503 |  |  | $ | 2,000 |  |  | $ | 3,503 |  |
Owner-occupied | 7 |  |  | 453 |  |  | 1,434 |  |  | 1,887 |  |
Total commercial and industrial | 47 |  |  | 1,956 |  |  | 3,434 |  |  | 5,390 |  |
Investment properties | 2 |  |  | 5,599 |  |  | — |  |  | 5,599 |  |
1-4 family properties | 4 |  |  | 69 |  |  | 549 |  |  | 618 |  |
Land and development | 1 |  |  | 91 |  |  | — |  |  | 91 |  |
Total commercial real estate | 7 |  |  | 5,759 |  |  | 549 |  |  | 6,308 |  |
Consumer mortgages | 10 |  |  | 556 |  |  | 1,482 |  |  | 2,038 |  |
Home equity lines | 14 |  |  | 181 |  |  | 918 |  |  | 1,099 |  |
Other consumer loans | 18 |  |  | 19 |  |  | 798 |  |  | 817 |  |
Total consumer | 42 |  |  | 756 |  |  | 3,198 |  |  | 3,954 |  |
Total TDRs | 96 |  |  | $ | 8,471 |  |  | $ | 7,181 |  |  | $ | 15,652 |  | (2)
| Three Months Ended June 30, 2019 |  |  |  |  |  |  |
(in thousands, except contract data) | Number of Contracts |  | Below Market Interest Rate |  | Other Concessions(1) |  | Total |
Commercial, financial and agricultural | 21 |  |  | $ | 1,343 |  |  | $ | 1,589 |  |  | $ | 2,932 |  |
Owner-occupied | 4 |  |  | 1,082 |  |  | — |  |  | 1,082 |  |
Total commercial and industrial | 25 |  |  | 2,425 |  |  | 1,589 |  |  | 4,014 |  |
Investment properties | 1 |  |  | 180 |  |  | — |  |  | 180 |  |
1-4 family properties | 4 |  |  | 514 |  |  | — |  |  | 514 |  |
Land and development | 2 |  |  | 169 |  |  | — |  |  | 169 |  |
Total commercial real estate | 7 |  |  | 863 |  |  | — |  |  | 863 |  |
Consumer mortgages | 1 |  |  | 109 |  |  | — |  |  | 109 |  |
Home equity lines | 24 |  |  | 2,321 |  |  | — |  |  | 2,321 |  |
Other consumer loans | 34 |  |  | 586 |  |  | 1,332 |  |  | 1,918 |  |
Total consumer | 59 |  |  | 3,016 |  |  | 1,332 |  |  | 4,348 |  |
Total TDRs | 91 |  |  | $ | 6,304 |  |  | $ | 2,921 |  |  | $ | 9,225 |  | (3)
(1) Other concessions generally include term extensions, interest only payments for a period of time, or principal forgiveness, but there was no principal forgiveness for the three months ending June 30, 2020 and 2019. (2) No net charge-offs were recorded during the three months ended June 30, 2020. (3) No net charge-offs were recorded during the three months ended June 30, 2019.
| Six Months Ended June 30, 2020 |  |  |  |  |  |  |
(in thousands, except contract data) | Number of Contracts |  | Below Market Interest Rate |  | Other Concessions(1) |  | Total |
Commercial, financial and agricultural | 76 |  |  | $ | 5,226 |  |  | $ | 4,011 |  |  | $ | 9,237 |  |
Owner-occupied | 12 |  |  | 1,821 |  |  | 1,530 |  |  | 3,351 |  |
Total commercial and industrial | 88 |  |  | 7,047 |  |  | 5,541 |  |  | 12,588 |  |
Investment properties | 4 |  |  | 28,669 |  |  | — |  |  | 28,669 |  |
1-4 family properties | 10 |  |  | 793 |  |  | 991 |  |  | 1,784 |  |
Land and development | 2 |  |  | 541 |  |  | — |  |  | 541 |  |
Total commercial real estate | 16 |  |  | 30,003 |  |  | 991 |  |  | 30,994 |  |
Consumer mortgages | 16 |  |  | 1,072 |  |  | 2,566 |  |  | 3,638 |  |
Home equity lines | 33 |  |  | 455 |  |  | 1,882 |  |  | 2,337 |  |
Other consumer loans | 47 |  |  | 97 |  |  | 2,694 |  |  | 2,791 |  |
Total consumer | 96 |  |  | 1,624 |  |  | 7,142 |  |  | 8,766 |  |
Total TDRs | 200 |  |  | $ | 38,674 |  |  | $ | 13,674 |  |  | $ | 52,348 |  | (2)
| Six Months Ended June 30, 2019 |  |  |  |  |  |  |
(in thousands, except contract data) | Number of Contracts |  | Below Market Interest Rate |  | Other Concessions(1) |  | Total |
Commercial, financial and agricultural | 34 |  |  | $ | 3,126 |  |  | $ | 2,488 |  |  | $ | 5,614 |  |
Owner-occupied | 6 |  |  | 2,031 |  |  | — |  |  | 2,031 |  |
Total commercial and industrial | 40 |  |  | 5,157 |  |  | 2,488 |  |  | 7,645 |  |
Investment properties | 2 |  |  | 663 |  |  | — |  |  | 663 |  |
1-4 family properties | 10 |  |  | 1,307 |  |  | — |  |  | 1,307 |  |
Land and development | 2 |  |  | 169 |  |  | — |  |  | 169 |  |
Total commercial real estate | 14 |  |  | 2,139 |  |  | — |  |  | 2,139 |  |
Consumer mortgages | 5 |  |  | 237 |  |  | 1,214 |  |  | 1,451 |  |
Home equity lines | 25 |  |  | 2,321 |  |  | 105 |  |  | 2,426 |  |
Other consumer loans | 52 |  |  | 694 |  |  | 2,377 |  |  | 3,071 |  |
Total consumer | 82 |  |  | 3,252 |  |  | 3,696 |  |  | 6,948 |  |
Total TDRs | 136 |  |  | $ | 10,548 |  |  | $ | 6,184 |  |  | $ | 16,732 |  | (3)
(1) Other concessions generally include term extensions, interest only payments for a period of time, or principal forgiveness, but there was no principal forgiveness for the six months ending June 30, 2020 and 2019. (2) No net charge-offs were recorded during the six months ended June 30, 2020. (3) No net charge-offs were recorded during the six months ended June 30, 2019.

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