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Loans And Allowance For Loan Losses (Tables)
 12 Months Ended
Dec. 31, 2021
Receivables [Abstract]  
Schedule of Current, Accruing Past Due, and Nonaccrual Loans
The following tables provide a summary of current, accruing past due, and non-accrual loans by portfolio class as of December 31, 2021 and December 31, 2020.
December 31, 2021
(in thousands)CurrentAccruing 30-89 Days Past DueAccruing 90 Days or Greater Past DueTotal Accruing Past Due Non-accrual with an ALLNon-accrual without an ALLTotal
Commercial, financial, and agricultural$11,973,974 $13,028 $3,686 $16,714 $37,918 $23,869 $12,052,475 
Owner-occupied7,493,804 3,627 59 3,686 7,146 4,050 7,508,686 
Total commercial and industrial19,467,778 16,655 3,745 20,400 45,064 27,919 19,561,161 
Investment properties9,861,303 1,285 717 2,002 3,273 2,577 9,869,155 
1-4 family properties639,631 1,182 93 1,275 4,535 28 645,469 
Land and development463,949 845 154 999 1,918 — 466,866 
Total commercial real estate10,964,883 3,312 964 4,276 9,726 2,605 10,981,490 
Consumer mortgages5,033,579 6,256 126 6,382 29,078 — 5,069,039 
Home equity lines1,269,610 2,619 — 2,619 9,760 — 1,281,989 
Credit cards296,695 1,584 1,277 2,861 — — 299,556 
Other consumer loans2,090,806 20,369 658 21,027 6,890 — 2,118,723 
Total consumer8,690,690 30,828 2,061 32,889 45,728 — 8,769,307 
Loans, net of deferred fees and costs$39,123,351 $50,795 $6,770 $57,565 $100,518 $30,524 $39,311,958 
December 31, 2020
(in thousands)CurrentAccruing 30-89 Days Past DueAccruing 90 Days or Greater Past DueTotal Accruing Past Due Non-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 In the following tables, consumer loans are generally assigned a risk grade similar to the classifications described above; however, upon reaching 90 days and 120 days past due, they are generally downgraded to Substandard and Loss, respectively, in accordance with the FFIEC Retail Credit Classification Policy. Additionally, in accordance with Interagency Supervisory Guidance, the risk grade classifications of consumer loans (consumer mortgages and HELOCs) secured by junior liens on 1-4 family residential properties also consider available information on the payment status of the associated senior liens with other financial institutions.
The following table summarizes each loan portfolio class by regulatory risk grade and origination year as of December 31, 2021 as required by CECL.
December 31, 2021
Term Loans Amortized Cost Basis by Origination YearRevolving Loans
(in thousands)20212020201920182017PriorAmortized Cost BasisConverted to Term LoansTotal
Commercial, financial and agricultural
Pass$2,397,405 $1,332,549 $922,396 $607,918 $433,045 $903,995 $5,056,168 $42,809 $11,696,285 
Special Mention2,731 15,166 17,571 10,433 2,242 2,489 71,996 — 122,628 
Substandard(1)
16,105 50,979 40,125 10,383 16,473 37,565 51,269 33 222,932 
Doubtful(2)
469 — 1,601 8,512 — — 48 — 10,630 
Total commercial, financial and agricultural2,416,710 1,398,694 981,693 637,246 451,760 944,049 5,179,481 42,842 12,052,475 
Owner-occupied
Pass1,776,086 1,276,797 1,117,825 858,721 708,942 1,150,386 437,724 — 7,326,481 
Special Mention702 19,950 4,724 10,202 18,109 36,481 — — 90,168 
Substandard(1)
7,312 1,294 8,386 43,276 6,169 25,329 — — 91,766 
Doubtful(2)
— — — — — — — — — 
Loss271 — — — — — — — 271 
Total owner-occupied1,784,371 1,298,041 1,130,935 912,199 733,220 1,212,196 437,724 — 7,508,686 
Total commercial and industrial4,201,081 2,696,735 2,112,628 1,549,445 1,184,980 2,156,245 5,617,205 42,842 19,561,161 
Investment properties
Pass2,823,978 1,463,503 1,905,534 1,019,765 738,036 1,284,013 278,697 — 9,513,526 
Special Mention6,163 — 32,290 63,900 59,194 44,532 33,659 — 239,738 
Substandard(1)
1,465 326 8,550 57,127 3,564 23,505 21,354 — 115,891 
Total investment properties2,831,606 1,463,829 1,946,374 1,140,792 800,794 1,352,050 333,710 — 9,869,155 
1-4 family properties
Pass295,082 82,976 51,939 43,025 49,057 57,025 55,588 — 634,692 
Special Mention192 207 641 — — 239 — — 1,279 
Substandard(1)
1,999 — 566 4,222 489 2,177 45 — 9,498 
Total 1-4 family properties297,273 83,183 53,146 47,247 49,546 59,441 55,633 — 645,469 
Land and development
Pass141,614 42,201 77,868 34,058 37,167 44,989 44,730 — 422,627 
Special Mention— 800 1,900 31,458 — 1,179 — — 35,337 
Substandard(1)
824 1,149 46 3,021 807 3,055 — — 8,902 
Total land and development142,438 44,150 79,814 68,537 37,974 49,223 44,730 — 466,866 
Total commercial real estate3,271,317 1,591,162 2,079,334 1,256,576 888,314 1,460,714 434,073 — 10,981,490 
December 31, 2021
Term Loans Amortized Cost Basis by Origination YearRevolving Loans
(in thousands)20212020201920182017PriorAmortized Cost BasisConverted to Term LoansTotal
Consumer mortgages
Pass$1,293,106 $1,551,510 $570,344 $216,277 $392,422 $991,080 $296 $— $5,015,035 
Substandard(1)
1,031 3,680 5,943 12,387 5,717 25,025 — — 53,783 
Loss(3)
— — 5 — — 216 — — 221 
Total consumer mortgages1,294,137 1,555,190 576,292 228,664 398,139 1,016,321 296 — 5,069,039 
Home equity lines
Pass— — — — — — 1,199,635 67,139 1,266,774 
Substandard(1)
— — — — — — 9,058 5,359 14,417 
Doubtful(2)
— — — — — — — — — 
Loss(3)
— — — — — — 658 140 798 
Total home equity lines— — — — — — 1,209,351 72,638 1,281,989 
Credit cards
Pass— — — — — — 298,287 — 298,287 
Substandard(1)
— — — — — — 521 — 521 
Loss(4)
— — — — — — 748 — 748 
Total credit cards— — — — — — 299,556 — 299,556 
Other consumer loans— 
Pass654,818 709,077 127,131 50,007 86,175 97,780 385,308 — 2,110,296 
Substandard(1)
668 1,550 2,064 1,308 1,892 750 175 — 8,407 
   Loss— — — — — 20 — — 20 
Total other consumer loans655,486 710,627 129,195 51,315 88,067 98,550 385,483 — 2,118,723 
Total consumer1,949,623 2,265,817 705,487 279,979 486,206 1,114,871 1,894,686 72,638 8,769,307 
Loans, net of deferred fees and costs$9,422,021 $6,553,714 $4,897,449 $3,086,000 $2,559,500 $4,731,830 $7,945,964 $115,480 $39,311,958 
(1)    The majority of loans within Substandard risk grade are accruing loans at December 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
Pass$1,871,512 $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— — — — — 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 
Loan, 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 years ended December 31, 2021, 2020, and 2019. On January 1, 2020, Synovus adopted ASC 326, which replaced the existing incurred loss methodology with an expected credit loss methodology (referred to as CECL). Under the incurred loss methodology, reserves for credit losses were recognized only when the losses were probable or had been incurred; under CECL, companies are required to recognize the full amount of expected credit losses for the lifetime of the financial assets, based on historical experience, current conditions and reasonable and supportable forecasts. See "Part II - Item 8. Financial Statements and Supplementary Data - Note 1 - Summary of Significant Accounting Policies" of this Report for more information on Synovus' adoption of CECL.
For the year ended December 31, 2021, Synovus had no significant transfers to loans held for sale. For the year ended December 31, 2020, Synovus reversed a net amount of $18.3 million in previously established reserves for credit losses associated with net transfers to held for sale of $1.43 billion in performing loans, primarily related to third-party single-service consumer loans and non-relationship consumer mortgages. For the year ended December 31, 2019, Synovus had no significant transfers to loans held for sale.
As of and For The Year Ended December 31, 2021
(in thousands)Commercial & IndustrialCommercial Real EstateConsumerTotal
Allowance for loan losses:
Beginning balance$229,555 $130,742 $245,439 $605,736 
Charge-offs(59,457)(15,392)(30,383)(105,232)
Recoveries9,734 7,444 10,266 27,444 
Provision for (reversal of) loan losses8,532 (25,034)(83,849)(100,351)
Ending balance$188,364 $97,760 $141,473 $427,597 
As of and For The Year Ended December 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(76,260)(13,213)(29,789)(119,262)
Recoveries13,544 2,857 8,149 24,550 
Provision for (reversal of) loan losses148,799 74,319 112,934 336,052 
Ending balance$229,555 $130,742 $245,439 $605,736 
As of and For The Year Ended December 31, 2019
(in thousands)Commercial & IndustrialCommercial Real EstateConsumerTotal
Allowance for loan losses:
Beginning balance$133,123 $68,796 $48,636 $250,555 
Charge-offs(49,572)(5,540)(24,023)(79,135)
Recoveries7,827 8,618 5,078 21,523 
Provision for (reversal of) loan losses53,665 (4,444)38,499 87,720 
Transfer of unfunded commitment reserve739 — — 739 
Ending balance$145,782 $67,430 $68,190 $281,402 
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. The following tables represent, by concession type, the post-modification balance for loans modified or renewed during the years ended December 31, 2021, 2020, and 2019 that were reported as accruing or non-accruing TDRs.
TDRs by Concession Type
Year Ended December 31, 2021
(in thousands, except contract data)Number of ContractsBelow Market Interest Rate
Other Concessions(1)
Total
Commercial, financial, and agricultural152 $12,746 $8,096 $20,842 
Owner-occupied24 5,908 868 6,776 
Total commercial and industrial176 18,654 8,964 27,618 
Investment properties9 3,130 — 3,130 
1-4 family properties13 1,131 123 1,254 
Land and development8 1,948 60 2,008 
Total commercial real estate30 6,209 183 6,392 
Consumer mortgages18 2,512 1,006 3,518 
Home equity lines55 4,991 258 5,249 
Other consumer loans103 435 5,720 6,155 
Total consumer176 7,938 6,984 14,922 
Loans, net of deferred fees and costs382 $32,801 $16,131 $48,932 (2)
Year Ended December 31, 2020
(in thousands, except contract data)Number of ContractsBelow Market Interest Rate
Other Concessions(1)
Total
Commercial, financial, and agricultural152 $10,939 $11,912 $22,851 
Owner-occupied22 4,536 1,530 6,066 
Total commercial and industrial174 15,475 13,442 28,917 
Investment properties9 29,679 1,420 31,099 
1-4 family properties22 1,769 1,105 2,874 
Land and development4 606 — 606 
Total commercial real estate35 32,054 2,525 34,579 
Consumer mortgages23 1,866 2,789 4,655 
Home equity lines63 1,970 2,530 4,500 
Other consumer loans57 1,185 2,779 3,964 
Total consumer143 5,021 8,098 13,119 
Loans, net of deferred fees and costs352 $52,550 $24,065 $76,615 (3)
TDRs by Concession Type (continued)
Year Ended December 31, 2019
(in thousands, except contract data)Number of ContractsBelow Market Interest Rate
Other Concessions(1)
Total
Commercial, financial, and agricultural127 $9,042 $9,873 $18,915 
Owner-occupied22 9,017 861 9,878 
Total commercial and industrial149 18,059 10,734 28,793 
Investment properties8 1,548 — 1,548 
1-4 family properties18 2,182 643 2,825 
Land and development8 1,187 30 1,217 
Total commercial real estate34 4,917 673 5,590 
Consumer mortgages18 1,587 1,361 2,948 
Home equity lines70 3,024 2,522 5,546 
Other consumer loans109 1,712 5,270 6,982 
Total consumer197 6,323 9,153 15,476 
Loans, net of deferred fees and costs380 $29,299 $20,560 $49,859 (4)
(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 years ended December 31, 2021, 2020, and 2019.
(2)    No charge-offs were recorded during the year ended December 31, 2021 upon restructuring of these loans.
(3)    No charge-offs were recorded during the year ended December 31, 2020 upon restructuring of these loans.
(4)    No charge-offs were recorded during the year ended December 31, 2019 upon restructuring of these loans.