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Loans and Allowance for Loan Losses (Tables)
 3 Months Ended
Mar. 31, 2021
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 March 31, 2021 and December 31, 2020.
March 31, 2021
(in thousands)CurrentAccruing 30-89 Days Past DueAccruing 90 Days or Greater Past DueTotal Accruing Past DueNon-accrual with an ALLNon-accrual without an ALLTotal
Commercial, financial and agricultural$12,573,032 $12,545 $292 $12,837 $59,145 $17,315 $12,662,329 
Owner-occupied7,009,586 4,422 305 4,727 17,192 — 7,031,505 
Total commercial and industrial19,582,618 16,967 597 17,564 76,337 17,315 19,693,834 
Investment properties9,305,441 4,295 400 4,695 16,880 8,709 9,335,725 
1-4 family properties633,971 871 61 932 2,815 1,236 638,954 
Land and development553,698 3,661 89 3,750 1,801 — 559,249 
Total commercial real estate10,493,110 8,827 550 9,377 21,496 9,945 10,533,928 
Consumer mortgages5,283,865 4,109 — 4,109 11,201 — 5,299,175 
Home equity lines1,417,714 2,446 16 2,462 12,191 — 1,432,367 
Credit cards263,660 1,835 1,876 3,711 — — 267,371 
Other consumer loans1,563,272 7,705 765 8,470 6,684 — 1,578,426 
Total consumer8,528,511 16,095 2,657 18,752 30,076 — 8,577,339 
Loans, net of deferred fees and costs$38,604,239 $41,889 $3,804 $45,693 $127,909 $27,260 $38,805,101 

December 31, 2020
(in thousands)CurrentAccruing 30-89 Days Past DueAccruing 90 Days or Greater Past DueTotal Accruing Past DueNon-accrual with an ALLNon-accrual without an ALLTotal
Commercial, financial and agricultural$12,321,514 $10,256 $996 $11,252 $55,527 $21,859 $12,410,152 
Owner-occupied7,087,992 1,913 92 2,005 20,019 — 7,110,016 
Total commercial and industrial19,409,506 12,169 1,088 13,257 75,546 21,859 19,520,168 
Investment properties9,075,843 2,751 154 2,905 24,631 — 9,103,379 
1-4 family properties621,492 3,548 36 3,584 2,383 1,236 628,695 
Land and development591,048 422 — 422 1,899 264 593,633 
Total commercial real estate10,288,383 6,721 190 6,911 28,913 1,500 10,325,707 
Consumer mortgages5,495,415 8,851 485 9,336 8,740 — 5,513,491 
Home equity lines1,521,575 4,006 — 4,006 12,145 — 1,537,726 
Credit cards276,778 2,363 1,877 4,240 — — 281,018 
Other consumer loans1,062,899 9,122 477 9,599 2,376 — 1,074,874 
Total consumer8,356,667 24,342 2,839 27,181 23,261 — 8,407,109 
Loans, net of deferred fees and costs$38,054,556 $43,232 $4,117 $47,349 $127,720 $23,359 $38,252,984 
Loan Portfolio Credit Exposure
The following tables summarize each loan portfolio class by risk grade and origination year as of March 31, 2021 and December 31, 2020 as required under CECL.
March 31, 2021
Term Loans Amortized Cost Basis by Origination YearRevolving Loans
(in thousands)20212020201920182017PriorAmortized Cost BasisConverted to Term LoansTotal
Commercial, financial and agricultural
Pass$1,059,766 $3,169,156 $1,277,288 $784,112 $557,454 $1,181,305 $4,072,579 $45,856 $12,147,516 
Special Mention807 57,063 38,581 7,942 18,243 3,678 95,135 465 221,914 
Substandard(1)
772 64,917 33,901 11,166 23,815 42,824 90,617 114 268,126 
Doubtful(2)
— 512 4,055 19,894 — — 312 — 24,773 
Total commercial, financial and agricultural1,061,345 3,291,648 1,353,825 823,114 599,512 1,227,807 4,258,643 46,435 12,662,329 
Owner-occupied
Pass250,215 1,306,635 1,271,373 1,089,766 880,566 1,640,599 383,907 — 6,823,061 
Special Mention429 5,603 10,306 19,447 10,200 15,568 — — 61,553 
Substandard(1)
92 3,783 26,473 45,438 26,186 35,281 — — 137,253 
Doubtful(2)
— — — 9,638 — — — — 9,638 
Total owner-occupied250,736 1,316,021 1,308,152 1,164,289 916,952 1,691,448 383,907 — 7,031,505 
Total commercial and industrial1,312,081 4,607,669 2,661,977 1,987,403 1,516,464 2,919,255 4,642,550 46,435 19,693,834 
Investment properties
Pass266,356 1,189,454 2,196,482 1,879,176 917,367 1,623,228 276,553 — 8,348,616 
Special Mention— 1,321 81,524 229,161 163,844 284,980 56,102 — 816,932 
Substandard(1)
1,040 987 8,413 58,991 23,677 76,974 95 — 170,177 
Total investment properties267,396 1,191,762 2,286,419 2,167,328 1,104,888 1,985,182 332,750 — 9,335,725 
1-4 family properties
Pass66,477 179,602 79,636 60,281 78,564 116,823 41,043 — 622,426 
Special Mention271 399 — 366 — 894 — — 1,930 
Substandard(1)
1,812 1,691 439 5,521 1,199 2,596 1,340 — 14,598 
Total 1-4 family properties68,560 181,692 80,075 66,168 79,763 120,313 42,383 — 638,954 
March 31, 2021
Term Loans Amortized Cost Basis by Origination YearRevolving Loans
(in thousands)20212020201920182017PriorAmortized Cost BasisConverted to Term LoansTotal
Land and development
Pass23,510 84,651 134,182 81,260 83,035 79,755 59,018 — 545,411 
Special Mention97 849 1,986 1,455 173 383 — — 4,943 
Substandard(1)
22 1,221 50 3,980 893 2,729 — — 8,895 
Total land and development23,629 86,721 136,218 86,695 84,101 82,867 59,018 — 559,249 
Total commercial real estate359,585 1,460,175 2,502,712 2,320,191 1,268,752 2,188,362 434,151 — 10,533,928 
Consumer mortgages
Pass258,674 1,796,593 797,705 358,353 585,879 1,438,675 1,012 — 5,236,891 
Substandard(1)
206 181 2,615 11,939 11,008 36,034 — — 61,983 
Loss(3)
— — — — — 301 — — 301 
Total consumer mortgages258,880 1,796,774 800,320 370,292 596,887 1,475,010 1,012 — 5,299,175 
Home equity lines
Pass— — — — — — 1,329,980 85,254 1,415,234 
Substandard(1)
— — — — — — 9,717 6,422 16,139 
Doubtful(2)
— — — — — — — 19 19 
Loss(3)
— — — — — — 832 143 975 
Total home equity lines— — — — — — 1,340,529 91,838 1,432,367 
Credit cards
Pass— — — — — — 265,496 — 265,496 
Substandard(1)
— — — — — — 521 — 521 
Loss(4)
— — — — — — 1,354 — 1,354 
Total credit cards— — — — — — 267,371 — 267,371 
Other consumer loans
Pass7,626 797,532 169,798 74,833 88,716 126,009 306,096 — 1,570,610 
Substandard(1)
— 15 2,273 1,572 2,967 691 264 — 7,782 
Loss(4)
— — — — — 34 — — 34 
Total other consumer loans7,626 797,547 172,071 76,405 91,683 126,734 306,360 — 1,578,426 
Total consumer266,506 2,594,321 972,391 446,697 688,570 1,601,744 1,915,272 91,838 8,577,339 
Loans, net of deferred fees and costs$1,938,172 $8,662,165 $6,137,080 $4,754,291 $3,473,786 $6,709,361 $6,991,973 $138,273 $38,805,101 
(1)    The majority of loans within Substandard risk grade are accruing loans at March 31, 2021.
(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.
December 31, 2020
Term Loans Amortized Cost Basis by Origination YearRevolving Loans
(in thousands)20202019201820172016PriorAmortized Cost BasisConverted to Term LoansTotal
Commercial, financial and agricultural
Pass$3,819,048 $1,333,460 $847,283 $582,612 $551,413 $633,871 $4,102,751 $49,762 $11,920,200 
Special Mention63,307 40,618 12,723 22,070 1,665 5,545 60,741 489 207,158 
Substandard(1)
28,698 36,618 24,867 36,072 12,808 35,172 84,498 514 259,247 
Doubtful(2)
— 3,721 19,778 — — — 48 — 23,547 
Total commercial, financial and agricultural3,911,053 1,414,417 904,651 640,754 565,886 674,588 4,248,038 50,765 12,410,152 
Owner-occupied
Pass1,321,680 1,275,435 1,131,183 982,056 555,932 1,297,070 349,566 — 6,912,922 
Special Mention6,170 9,995 10,682 14,138 1,582 13,768 — — 56,335 
Substandard(1)
2,570 22,793 42,615 26,033 7,316 29,794 — — 131,121 
Doubtful(2)
— — 9,638 — — — — — 9,638 
Total owner-occupied1,330,420 1,308,223 1,194,118 1,022,227 564,830 1,340,632 349,566 — 7,110,016 
Total commercial and industrial5,241,473 2,722,640 2,098,769 1,662,981 1,130,716 2,015,220 4,597,604 50,765 19,520,168 
Investment properties
Pass1,055,440 2,126,667 1,999,345 1,091,880 483,780 1,301,088 229,044 — 8,287,244 
Special Mention1,482 66,160 176,794 136,004 138,362 129,401 55,440 — 703,643 
Substandard(1)
1,007 4,770 24,476 19,820 21,875 40,509 35 — 112,492 
Total investment properties1,057,929 2,197,597 2,200,615 1,247,704 644,017 1,470,998 284,519 — 9,103,379 
1-4 family properties
Pass197,320 95,145 70,267 88,454 38,729 97,374 27,657 — 614,946 
Special Mention402 — 508 109 786 118 — — 1,923 
Substandard(1)
1,527 653 4,312 1,141 554 2,299 1,340 — 11,826 
Total 1-4 family properties199,249 95,798 75,087 89,704 40,069 99,791 28,997 — 628,695 
Land and development
Pass84,985 173,302 83,734 92,911 12,249 76,380 53,250 — 576,811 
Special Mention857 1,995 2,866 282 — 1,332 636 — 7,968 
Substandard(1)
1,229 425 4,664 915 136 1,485 — — 8,854 
Total land and development87,071 175,722 91,264 94,108 12,385 79,197 53,886 — 593,633 
Total commercial real estate1,344,249 2,469,117 2,366,966 1,431,516 696,471 1,649,986 367,402 — 10,325,707 
December 31, 2020
Term Loans Amortized Cost Basis by Origination YearRevolving Loans
(in thousands)20202019201820172016PriorAmortized Cost BasisConverted to Term LoansTotal
Consumer mortgages
Pass1,871,512 874,769 425,711 678,255 685,810 965,382 1,040 — 5,502,479 
Substandard(1)
33 961 748 889 866 7,224 — — 10,721 
Loss(3)
— — — — — 291 — — 291 
Total consumer mortgages1,871,545 875,730 426,459 679,144 686,676 972,897 1,040 — 5,513,491 
Home equity lines— 
Pass— — — — — — 1,429,755 90,832 1,520,587 
Substandard(1)
— — — — — — 9,698 5,996 15,694 
Doubtful(2)
— — — — — — — 19 19 
Loss(3)
— — — — — — 1,283 143 1,426 
Total home equity lines— — — — — — 1,440,736 96,990 1,537,726 
Credit cards
Pass— — — — — — 279,142 — 279,142 
Substandard(1)
— — — — — — 595 — 595 
Loss(4)
— — — — — — 1,281 — 1,281 
Total credit cards— — — — — — 281,018 — 281,018 
Other consumer loans— 
Pass252,160 190,820 89,187 100,459 80,365 61,040 297,637 — 1,071,668 
Substandard(1)
19 762 262 1,195 121 585 227 — 3,171 
Loss(4)
— — — — — 35 — — 35 
Total other consumer loans252,179 191,582 89,449 101,654 80,486 61,660 297,864 — 1,074,874 
Total consumer2,123,724 1,067,312 515,908 780,798 767,162 1,034,557 2,020,658 96,990 8,407,109 
Loans, net of deferred fees and costs$8,709,446 $6,259,069 $4,981,643 $3,875,295 $2,594,349 $4,699,763 $6,985,664 $147,755 $38,252,984 
(1)    The majority of loans within Substandard risk grade are accruing loans at December 31, 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.
Financing Receivable, Allowance for Credit Loss
Rollforward of Allowance for Loan Losses
The following tables detail the changes in the ALL by loan segment for the three months ended March 31, 2021 and 2020.
As Of and For the Three Months Ended March 31, 2021
(in thousands)Commercial & IndustrialCommercial Real EstateConsumerTotal
Allowance for loan losses:
Beginning balance$229,555 $130,742 $245,439 $605,736 
Charge-offs(9,417)(10,319)(5,589)(25,325)
Recoveries2,772 1,026 1,323 5,121 
Provision for (reversal of) loan losses31,867 (7,637)(46,548)(22,318)
Ending balance$254,777 $113,812 $194,625 $563,214 
As Of and For the Three Months Ended March 31, 2020
(in thousands)Commercial & IndustrialCommercial Real EstateConsumerTotal
Allowance for loan losses:
Beginning balance, prior to adoption of ASC 326$145,782 $67,430 $68,190 $281,402 
Impact from adoption of ASC 326(2,310)(651)85,955 82,994 
Beginning balance, after adoption of ASC 326$143,472 $66,779 $154,145 $364,396 
Charge-offs(14,885)(1,017)(7,972)(23,874)
Recoveries1,741 399 1,673 3,813 
Provision for loan losses86,622 40,956 21,539 149,117 
Ending balance$216,950 $107,117 $169,385 $493,452 
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, some of which have not been classified as TDRs, and therefore are not included in the discussion below. See "Part II - Item 8. Financial Statements and Supplementary Data - Note 1 - Summary of Significant Accounting Policies" in Synovus' 2020 Form 10-K for 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 months ended March 31, 2021 and 2020 that were reported as accruing or non-accruing TDRs.
TDRs by Concession Type
Three Months Ended March 31, 2021
(in thousands, except contract data)Number of ContractsBelow Market Interest Rate
Other Concessions(1)
Total
Commercial, financial and agricultural40 $3,233 $2,563 $5,796 
Owner-occupied5 1,254 399 1,653 
Total commercial and industrial45 4,487 2,962 7,449 
Investment properties5 1,984 — 1,984 
1-4 family properties5 463 39 502 
Land and development1 — 43 43 
Total commercial real estate11 2,447 82 2,529 
Consumer mortgages— — — — 
Home equity lines13 587 162 749 
Other consumer loans73 129 4,619 4,748 
Total consumer86 716 4,781 5,497 
Total TDRs142 $7,650 $7,825 $15,475 
(2)
Three Months Ended March 31, 2020
(in thousands, except contract data)Number of ContractsBelow Market Interest Rate
Other Concessions(1)
Total
Commercial, financial and agricultural36 $3,724 $2,011 $5,735 
Owner-occupied5 1,367 96 1,463 
Total commercial and industrial41 5,091 2,107 7,198 
Investment properties2 23,070 — 23,070 
1-4 family properties6 724 442 1,166 
Land and development1 449 — 449 
Total commercial real estate9 24,243 442 24,685 
Consumer mortgages6 515 1,083 1,598 
Home equity lines19 275 964 1,239 
Other consumer loans29 78 1,897 1,975 
Total consumer54 868 3,944 4,812 
Total TDRs104 $30,202 $6,493 $36,695 
(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 March 31, 2021 and 2020.
(2)    No net charge-offs were recorded during the three months ended March 31, 2021.
(3)    No net charge-offs were recorded during the three months ended March 31, 2020.