DOCUMENT AND ENTITY INFORMATION
DOCUMENT AND ENTITY INFORMATION - shares | 3 Months Ended | |
Mar. 31, 2022 | May 04, 2022 | |
Entity Information [Line Items] | ||
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Mar. 31, 2022 | |
Document Transition Report | false | |
Entity File Number | 001-34034 | |
Entity Registrant Name | Regions Financial Corporation | |
Entity Central Index Key | 0001281761 | |
Current Fiscal Year End Date | --12-31 | |
Document Fiscal Year Focus | 2022 | |
Document Fiscal Period Focus | Q1 | |
Amendment Flag | false | |
Entity Incorporation, State or Country Code | DE | |
Entity Tax Identification Number | 63-0589368 | |
Entity Address, Address Line One | 1900 Fifth Avenue North | |
Entity Address, City or Town | Birmingham | |
Entity Address, State or Province | AL | |
Entity Address, Postal Zip Code | 35203 | |
City Area Code | 800 | |
Local Phone Number | 734-4667 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Large Accelerated Filer | |
Entity Small Business | false | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 934,499,667 | |
Common Stock [Member] | ||
Entity Information [Line Items] | ||
Title of 12(b) Security | Common Stock, $.01 par value | |
Trading Symbol | RF | |
Security Exchange Name | NYSE | |
Series B Preferred Stock [Member] | ||
Entity Information [Line Items] | ||
Title of 12(b) Security | 6.375% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series B | |
Trading Symbol | RF PRB | |
Security Exchange Name | NYSE | |
Series C Preferred Stock [Member] | ||
Entity Information [Line Items] | ||
Title of 12(b) Security | 5.700% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C | |
Trading Symbol | RF PRC | |
Security Exchange Name | NYSE | |
Series E Preferred Stock | ||
Entity Information [Line Items] | ||
Title of 12(b) Security | 4.45% Non-Cumulative Perpetual Preferred Stock, Series E | |
Trading Symbol | RF PRE | |
Security Exchange Name | NYSE |
CONSOLIDATED BALANCE SHEETS
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions | Mar. 31, 2022 | Dec. 31, 2021 | |
Assets | |||
Cash and due from banks | $ 2,227 | $ 1,350 | |
Interest-bearing deposits in other banks | 25,718 | 28,061 | |
Debt securities held to maturity | 864 | 899 | |
Debt securities available for sale | 29,384 | 28,481 | |
Loans held for sale | 694 | 1,003 | |
Loans, net of unearned income | 89,335 | [1] | 87,784 |
Allowance for loan losses | (1,416) | (1,479) | |
Net loans | 87,919 | 86,305 | |
Other earning assets | 1,504 | 1,187 | |
Premises and equipment, net | 1,794 | 1,814 | |
Interest receivable | 329 | 319 | |
Goodwill | 5,748 | 5,744 | |
Residential mortgage servicing rights at fair value | 542 | 418 | |
Other identifiable intangible assets, net | 292 | 305 | |
Other assets | 7,067 | 7,052 | |
Total assets | 164,082 | 162,938 | |
Deposits: | |||
Non-interest-bearing | 59,590 | 58,369 | |
Interest-bearing | 81,432 | 80,703 | |
Total deposits | 141,022 | 139,072 | |
Borrowed funds: | |||
Long-term borrowings | 2,343 | 2,407 | |
Total borrowed funds | 2,343 | 2,407 | |
Other liabilities | 3,735 | 3,133 | |
Total liabilities | 147,100 | 144,612 | |
Equity: | |||
Preferred stock | 1,659 | 1,659 | |
Common stock | 10 | 10 | |
Additional paid-in capital | 11,983 | 12,189 | |
Retained earnings | 5,915 | 5,550 | |
Treasury stock, at cost | (1,371) | (1,371) | |
Accumulated other comprehensive income (loss), net | (1,214) | 289 | |
Total shareholders’ equity | 16,982 | 18,326 | |
Total liabilities and equity | $ 164,082 | $ 162,938 | |
[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. |
CONSOLIDATED BALANCE SHEETS (Pa
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions | Mar. 31, 2022 | Dec. 31, 2021 |
Debt securities held to maturity | $ 866 | $ 950 |
Debt Securities, Available-for-sale, Amortized Cost | 30,664 | 28,263 |
Loans held for sale | $ 507 | $ 783 |
Preferred Stock, Shares Authorized | 10,000,000 | 10,000,000 |
Preferred Stock, Par Value Per Share (in dollars per share) | $ 1 | $ 1 |
Common Stock, Shares Authorized | 3,000,000,000 | 3,000,000,000 |
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ 0.01 | $ 0.01 |
Common Stock, Shares, Issued | 973,925,496 | 982,940,601 |
Treasury Stock, Shares | 41,032,676 | 41,032,676 |
Noncumulative Preferred Stock [Member] | ||
Preferred Stock, Shares Issued | 1,750,000 | 1,750,000 |
CONSOLIDATED STATEMENTS OF INCO
CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Millions, $ in Millions | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Interest income on: | ||
Loans, including fees | $ 876 | $ 854 |
Debt securities | 138 | 133 |
Interest and Fee Income, Loans & Leases Held for Sale | 9 | 12 |
Other earning assets | 29 | 14 |
Total interest income | 1,052 | 1,013 |
Interest expense on: | ||
Deposits | 13 | 19 |
Long-term borrowings | 24 | 27 |
Total interest expense | 37 | 46 |
Net interest income | 1,015 | 967 |
Provision for (benefit from) credit losses | (36) | (142) |
Net interest income after provision for (benefit from) credit losses | 1,051 | 1,109 |
Non-interest income: | ||
Total non-interest income | 584 | 641 |
Non-interest expense: | ||
Salaries and employee benefits | 546 | 546 |
Equipment and software expense | 95 | 90 |
Net occupancy expense | 75 | 77 |
Other | 217 | 215 |
Total non-interest expense | 933 | 928 |
Income before income taxes | 702 | 822 |
Income tax expense | 154 | 180 |
Net income | 548 | 642 |
Net income available to common shareholders | $ 524 | $ 614 |
Weighted-average number of shares outstanding: | ||
Basic (in shares) | 938 | 961 |
Diluted (in shares) | 947 | 968 |
Earnings per common share: | ||
Basic (in dollars per share) | $ 0.56 | $ 0.64 |
Diluted (in dollars per share) | $ 0.55 | $ 0.63 |
Service charges on deposit accounts | ||
Non-interest income: | ||
Total non-interest income | $ 168 | $ 157 |
Card and ATM fees | ||
Non-interest income: | ||
Total non-interest income | 124 | 115 |
Capital markets income | ||
Non-interest income: | ||
Total non-interest income | 73 | 100 |
Mortgage income | ||
Non-interest income: | ||
Total non-interest income | 48 | 90 |
Investment management and trust fee income | ||
Non-interest income: | ||
Total non-interest income | 75 | 66 |
Securities gains (losses), net | ||
Non-interest income: | ||
Total non-interest income | 0 | 1 |
Other | ||
Non-interest income: | ||
Total non-interest income | $ 96 | $ 112 |
CONSOLIDATED STATEMENTS OF COMP
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Statement of Comprehensive Income [Abstract] | ||
Net income (loss) | $ 548 | $ 642 |
Unrealized losses on securities transferred to held to maturity during the period, net of tax | 0 | 0 |
Less: Reclassification Adjustments for Amortization of Unrealized Losses on Securities Transferred to Held to Maturity, Net of Tax | (1) | (2) |
Net change in unrealized losses on securities transferred to held to maturity, net of tax | 1 | 2 |
Unrealized holding gains (losses) arising during the period on securities available for sale (net of tax) | (1,117) | (410) |
Less: reclassification adjustments for securities gains (losses) realized in net income (net of tax) | 0 | 1 |
Net change in unrealized gains on securities available for sale, net of tax | (1,117) | (411) |
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, after Tax | (311) | (248) |
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax | 82 | 76 |
Net change in unrealized gains on derivative instruments, net of tax | (393) | (324) |
Net actuarial gains (losses) arising during the period (net of tax) | 0 | 0 |
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, after Tax | 6 | 10 |
Net change from defined benefit pension plans and other post employment benefits, net of tax | 6 | 10 |
Other comprehensive income (loss), net of tax | (1,503) | (723) |
Comprehensive income (loss) | $ (955) | $ (81) |
CONSOLIDATED STATEMENTS OF CO_2
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Statement of Comprehensive Income [Abstract] | ||
Unrealized losses on securities transferred to held to maturity during the period, tax | $ 0 | $ 0 |
Amortization of unrealized losses on securities transferred to held to maturity, tax | 0 | 1 |
Unrealized holding gains (losses) on available for sale securities, tax | (381) | (138) |
Reclassification adjustments for securities gains (losses) realized in net income, tax | 0 | 0 |
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, Tax | (106) | (83) |
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, Tax | 28 | 26 |
Net actuarial gains and losses arising during the period, tax | 0 | 0 |
Reclassification adjustments for amortization of actuarial loss realized in net income, and other, tax | $ (2) | $ (3) |
CONSOLIDATED STATEMENTS OF CHAN
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Millions | Total | Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Treasury Stock, At Cost [Member] | Accumulated Other Comprehensive Income (Loss), Net [Member] |
Beginning Balance Outstanding (in shares) at Dec. 31, 2020 | 2,000 | 960,000 | |||||
Beginning Balance at Dec. 31, 2020 | $ 18,111 | $ 1,656 | $ 10 | $ 12,731 | $ 3,770 | $ (1,371) | $ 1,315 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Net income (loss) | 642 | 642 | |||||
Other comprehensive income (loss), net of tax | (723) | (723) | |||||
Cash dividends declared | (149) | (149) | |||||
Preferred stock dividends | (28) | (28) | |||||
Impact of stock transactions under compensation plans, net and other (in shares) | 1,000 | ||||||
Impact of stock transactions under compensation plans, net and other | 9 | 9 | |||||
Preferred Stock Dividends, Income Statement Impact | 28 | ||||||
Ending Balance Outstanding (in shares) at Mar. 31, 2021 | 2,000 | 961,000 | |||||
Ending Balance at Mar. 31, 2021 | 17,862 | $ 1,656 | $ 10 | 12,740 | 4,235 | (1,371) | 592 |
Beginning Balance Outstanding (in shares) at Dec. 31, 2021 | 2,000 | 942,000 | |||||
Beginning Balance at Dec. 31, 2021 | 18,326 | $ 1,659 | $ 10 | 12,189 | 5,550 | (1,371) | 289 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Net income (loss) | 548 | 548 | |||||
Other comprehensive income (loss), net of tax | (1,503) | (1,503) | |||||
Cash dividends declared | (159) | (159) | |||||
Preferred stock dividends | $ (24) | (24) | |||||
Impact of common stock share repurchases (in shares) | (9,100) | (9,000) | |||||
Impact of common stock share repurchases | $ (215) | (215) | |||||
Impact of stock transactions under compensation plans, net and other (in shares) | 0 | ||||||
Impact of stock transactions under compensation plans, net and other | 9 | 9 | |||||
Preferred Stock Dividends, Income Statement Impact | 24 | ||||||
Ending Balance Outstanding (in shares) at Mar. 31, 2022 | 2,000 | 933,000 | |||||
Ending Balance at Mar. 31, 2022 | $ 16,982 | $ 1,659 | $ 10 | $ 11,983 | $ 5,915 | $ (1,371) | $ (1,214) |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Operating activities: | ||
Net income (loss) | $ 548 | $ 642 |
Adjustments to reconcile net income to net cash from operating activities: | ||
Provision for credit losses | (36) | (142) |
Depreciation, amortization and accretion, net | 105 | 101 |
Securities (gains) losses, net | 0 | (1) |
Deferred income tax expense (benefit) | 73 | 92 |
Originations and purchases of loans held for sale | (1,292) | (1,716) |
Proceeds from sales of loans held for sale | 1,564 | 2,131 |
(Gain) loss on sale of loans, net | (20) | (74) |
Net change in operating assets and liabilities: | ||
Other earning assets | (319) | (51) |
Interest receivable and other assets | (163) | (96) |
Other liabilities | 132 | (273) |
Other | (8) | 106 |
Net cash from operating activities | 584 | 719 |
Investing activities: | ||
Proceeds from maturities of debt securities held to maturity | 35 | 63 |
Proceeds from sales of debt securities available for sale | 1,085 | 27 |
Proceeds from maturities of debt securities available for sale | 1,283 | 1,439 |
Purchases of debt securities available for sale | (4,359) | (2,005) |
Proceeds from sales of loans | 366 | 120 |
Purchases of loans | (267) | (269) |
Purchases of mortgage servicing rights | (69) | (11) |
Net change in loans | (1,641) | 596 |
Net purchases of other assets | (32) | (27) |
Net cash from investing activities | (3,599) | (67) |
Financing activities: | ||
Net change in deposits | 1,950 | 7,123 |
Payments on long-term borrowings | 0 | (632) |
Cash dividends on common stock | (161) | (149) |
Cash dividends on preferred stock | (24) | (28) |
Repurchases of common stock | (215) | 0 |
Taxes paid related to net share settlement of equity awards | (1) | (2) |
Net cash from financing activities | 1,549 | 6,312 |
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | (1,466) | 6,964 |
Cash and cash equivalents at beginning of year | 29,411 | 17,956 |
Cash and cash equivalents at end of period | $ 27,945 | $ 24,920 |
Document Fiscal Year Focus | 2022 |
Basis of Presentation
Basis of Presentation | 3 Months Ended |
Mar. 31, 2022 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Basis of Presentation | NOTE 1. BASIS OF PRESENTATION Regions Financial Corporation (“Regions” or the "Company”) provides a full range of banking and bank-related services to individual and corporate customers through its subsidiaries and branch offices located across the South, Midwest and Texas as well as delivering specialty capabilities nationwide. Regions is subject to the regulations of certain government agencies and undergoes periodic examinations by certain regulatory authorities. The accounting and reporting policies of Regions and the methods of applying those policies that materially affect the consolidated financial statements conform with GAAP and with general financial services industry practices. The accompanying interim financial statements have been prepared in accordance with the instructions for Form 10-Q and, therefore, do not include all information and notes to the consolidated financial statements necessary for a complete presentation of financial position, results of operations, comprehensive income (loss) and cash flows in conformity with GAAP. In the opinion of management, all adjustments, consisting of normal and recurring items, necessary for the fair presentation of the consolidated financial statements have been included. These interim financial statements should be read in conjunction with the consolidated financial statements and notes thereto in Regions’ Annual Report on Form 10-K for the year ended December 31, 2021. Regions has evaluated all subsequent events for potential recognition and disclosure through the filing date of this Form 10-Q. |
Securities
Securities | 3 Months Ended |
Mar. 31, 2022 | |
Investments, Debt and Equity Securities [Abstract] | |
Securities | NOTE 2. DEBT SECURITIES The amortized cost, gross unrealized gains and losses, and estimated fair value of debt securities held to maturity and debt securities available for sale are as follows: March 31, 2022 Recognized in OCI (1) Not Recognized in OCI Amortized Gross Unrealized Gains Gross Unrealized Losses Carrying Value Gross Gross Estimated (In millions) Debt securities held to maturity: Mortgage-backed securities: Residential agency $ 338 $ — $ (12) $ 326 $ 2 $ (2) $ 326 Commercial agency 539 — (1) 538 4 (2) 540 $ 877 $ — $ (13) $ 864 $ 6 $ (4) $ 866 Debt securities available for sale: U.S. Treasury securities $ 1,090 $ 1 $ (61) $ 1,030 $ 1,030 Federal agency securities 713 — (13) 700 700 Obligations of states and political subdivisions 3 — — 3 3 Mortgage-backed securities: Residential agency 21,088 44 (1,035) 20,097 20,097 Residential non-agency 1 — — 1 1 Commercial agency 5,961 14 (206) 5,769 5,769 Commercial non-agency 467 — (3) 464 464 Corporate and other debt securities 1,341 7 (28) 1,320 1,320 $ 30,664 $ 66 $ (1,346) $ 29,384 $ 29,384 December 31, 2021 Recognized in OCI (1) Not Recognized in OCI Amortized Gross Unrealized Gains Gross Unrealized Losses Carrying Value Gross Gross Estimated (In millions) Debt securities held to maturity: Mortgage-backed securities: Residential agency $ 370 $ — $ (13) $ 357 $ 20 $ — $ 377 Commercial agency 543 — (1) 542 31 — 573 $ 913 $ — $ (14) $ 899 $ 51 $ — $ 950 Debt securities available for sale: U.S. Treasury securities $ 1,137 $ 2 $ (7) $ 1,132 $ 1,132 Federal agency securities 94 1 (3) 92 92 Obligations of states and political subdivisions 4 — — 4 4 Mortgage-backed securities: Residential agency 18,873 287 (198) 18,962 18,962 Residential non-agency 1 — — 1 1 Commercial agency 6,271 163 (61) 6,373 6,373 Commercial non-agency 532 4 — 536 536 Corporate and other debt securities 1,351 36 (6) 1,381 1,381 $ 28,263 $ 493 $ (275) $ 28,481 $ 28,481 _________ (1) The gross unrealized losses recognized in OCI on securities held to maturity resulted from a transfer of securities available for sale to held to maturity in the second quarter of 2013. Debt securities with carrying values of $9.7 billion and $9.2 billion at March 31, 2022 and December 31, 2021, respectively, were pledged to secure public funds, trust deposits and certain borrowing arrangements. The amortized cost and estimated fair value of debt securities held to maturity and debt securities available for sale at March 31, 2022, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Amortized Estimated (In millions) Debt securities held to maturity: Mortgage-backed securities: Residential agency $ 338 $ 326 Commercial agency 539 540 $ 877 $ 866 Debt securities available for sale: Due in one year or less $ 274 $ 275 Due after one year through five years 2,043 1,991 Due after five years through ten years 718 682 Due after ten years 112 105 Mortgage-backed securities: Residential agency 21,088 20,097 Residential non-agency 1 1 Commercial agency 5,961 5,769 Commercial non-agency 467 464 $ 30,664 $ 29,384 The following tables present gross unrealized losses and the related estimated fair value of debt securities held to maturity are presented at March 31, 2022 and debt securities available for sale are presented at March 31, 2022, and December 31, 2021. For debt securities transferred to held to maturity from available for sale, the analysis in the tables below is comparing the securities' original amortized cost to its current estimated fair value; there were no unrealized losses on debt securities held to maturity using this analysis at December 31,2021. These securities are segregated between investments that have been in a continuous unrealized loss position for less than twelve months and for twelve months or more. March 31, 2022 Less Than Twelve Months Twelve Months or More Total Estimated Gross Estimated Gross Estimated Gross (In millions) Debt securities held to maturity: Mortgage-backed securities: Residential agency $ 325 $ (11) $ — $ — $ 325 $ (11) Commercial agency 62 (3) — — 62 (3) $ 387 $ (14) $ — $ — $ 387 $ (14) Debt securities available for sale: U.S. Treasury securities $ 985 $ (60) $ 8 $ (1) $ 993 $ (61) Federal agency securities 628 (6) 58 (7) 686 (13) Mortgage-backed securities: Residential agency 13,621 (580) 4,691 (455) 18,312 (1,035) Commercial agency 3,035 (103) 1,022 (103) 4,057 (206) Commercial non-agency 290 (3) — — 290 (3) Corporate and other debt securities 785 (28) — — 785 (28) $ 19,344 $ (780) $ 5,779 $ (566) $ 25,123 $ (1,346) December 31, 2021 Less Than Twelve Months Twelve Months or More Total Estimated Gross Estimated Gross Estimated Gross (In millions) Debt securities available for sale: U.S. Treasury securities $ 1,010 $ (7) $ — $ — $ 1,010 $ (7) Federal agency securities 63 (3) — — 63 (3) Mortgage-backed securities: Residential agency 9,528 (171) 686 (27) 10,214 (198) Commercial agency 1,333 (29) 760 (32) 2,093 (61) Corporate and other debt securities 444 (6) — — 444 (6) $ 12,378 $ (216) $ 1,446 $ (59) $ 13,824 $ (275) The number of individual debt positions in an unrealized loss position in the tables above increased from 479 at December 31, 2021, to 1,325 at March 31, 2022. The increase in the number of securities and the total amount of unrealized losses from year-end 2021 was primarily due to changes in market interest rates. In instances where an unrealized loss existed, there was no indication of an adverse change in credit on the underlying positions in the tables above. As it relates to these positions, management believes no individual unrealized loss represented credit impairment as of those dates. The Company does not intend to sell, and it is not more likely than not that the Company will be required to sell, the positions before the recovery of their amortized cost basis, which may be at maturity. Gross realized gains and gross realized losses on sales of debt securities available for sale for the three months ended March 31, 2022 are presented below. Gross realized gains and gross realized losses on sales of debt securities available for sale were immaterial for the three months ended March 31, 2021. The cost of securities sold is based on the specific identification method. As part of the Company's normal process for evaluating impairment, management did not identify any positions where impairment was believed to exist in either of the three months ended March 31, 2022 or 2021. Three Months Ended March 31, 2022 (in millions) Gross realized gains $ 17 Gross realized losses (17) Securities gains (losses), net $ — |
Loans and the Allowance for Cre
Loans and the Allowance for Credit Losses | 3 Months Ended |
Mar. 31, 2022 | |
Receivables [Abstract] | |
Loans and the Allowance for Credit Losses | NOTE 3. LOANS AND THE ALLOWANCE FOR CREDIT LOSSES LOANS The following table presents the distribution of Regions' loan portfolio by segment and class, net of unearned income: March 31, 2022 December 31, 2021 (In millions) Commercial and industrial $ 45,643 $ 43,758 Commercial real estate mortgage—owner-occupied 5,181 5,287 Commercial real estate construction—owner-occupied 273 264 Total commercial 51,097 49,309 Commercial investor real estate mortgage 5,557 5,441 Commercial investor real estate construction 1,607 1,586 Total investor real estate 7,164 7,027 Residential first mortgage 17,373 17,512 Home equity lines 3,602 3,744 Home equity loans 2,500 2,510 Consumer credit card 1,133 1,184 Other consumer-exit portfolio 909 1,071 Other consumer 5,557 5,427 Total consumer 31,074 31,448 Total loans, net of unearned income $ 89,335 $ 87,784 During both the three months ended March 31, 2022 and 2021, Regions purchased approximately $261 million in other consumer, residential first mortgage and commercial and industrial loans from third parties, respectively. At March 31, 2022, $16.0 billion in net eligible loans held by Regions were pledged for potential borrowings from the FHLB. At March 31, 2022, an additional $14.9 billion in net eligible loans held by Regions were pledged to the FRB for potential borrowings. Included in the commercial and industrial loan balance are sales-type and direct financing leases totaling $1.2 billion as of March 31, 2022, with related income of $12 million for the three months ended March 31, 2022. ALLOWANCE FOR CREDIT LOSSES Regions determines the appropriate level of the allowance on a quarterly basis. Refer to Note 1 "Summary of Significant Accounting Policies" to the consolidated financial statements to the Annual Report on Form 10-K for the year ended December 31, 2021, for a description of the methodology. ROLLFORWARD OF ALLOWANCE FOR CREDIT LOSSES The following tables present analyses of the allowance by portfolio segment for the three months ended March 31, 2022 and 2021. Three Months Ended March 31, 2022 Commercial Investor Real Consumer Total (In millions) Allowance for loan losses, January 1, 2022 $ 682 $ 79 $ 718 $ 1,479 Provision for (benefit from) loan losses (49) (4) 36 (17) Loan losses: Charge-offs (26) — (51) (77) Recoveries 13 — 18 31 Net loan (losses) recoveries (13) — (33) (46) Allowance for loan losses, March 31, 2022 620 75 721 1,416 Reserve for unfunded credit commitments, January 1, 2022 58 8 29 95 Provision for (benefit from) unfunded credit commitments (6) — (13) (19) Reserve for unfunded credit commitments, March 31, 2022 52 8 16 76 Allowance for credit losses, March 31, 2022 $ 672 $ 83 $ 737 $ 1,492 Three Months Ended March 31, 2021 Commercial Investor Real Consumer Total (In millions) Allowance for loan losses, January 1, 2021 $ 1,196 $ 183 $ 788 $ 2,167 Provision for (benefit from) loan losses (83) (18) (7) (108) Loan losses: Charge-offs (47) (15) (52) (114) Recoveries 16 — 15 31 Net loan (losses) recoveries (31) (15) (37) (83) Allowance for loan losses, March 31, 2021 1,082 150 744 1,976 Reserve for unfunded credit commitments, January 1, 2021 97 14 15 126 Provision for (benefit from) unfunded commitments (30) (3) (1) (34) Reserve for unfunded credit commitments, March 31, 2021 67 11 14 92 Allowance for credit losses, March 31, 2021 $ 1,149 $ 161 $ 758 $ 2,068 PORTFOLIO SEGMENT RISK FACTORS Regions’ portfolio segments are commercial, investor real estate and consumer. Classes within each segment present unique credit risks. Refer to Note 5 "Allowance for Credit Losses" in the Annual Report on Form 10-K for the year ended December 31, 2021 for information regarding Regions’ portfolio segments and related classes, as well as the risks specific to each. CREDIT QUALITY INDICATORS The commercial and investor real estate portfolio segments’ primary credit quality indicator is internal risk ratings which are detailed by categories related to underlying credit quality and probability of default. Regions assigns these risk ratings at loan origination and reviews the relationship utilizing a risk-based approach on, at minimum, an annual basis or at any time management becomes aware of information affecting the borrowers' ability to fulfill their obligations. Both quantitative and qualitative factors are considered in this review process. Regions' ratings are aligned to federal banking regulators’ definitions and are utilized to develop the associated allowance. Refer to Note 5 "Allowance for Credit Losses" in the Annual Report on Form 10-K for the year ended December 31, 2021 for information regarding commercial risk ratings. Regions' consumer portfolio segment has various classes that present unique credit risks. Regions considers factors such as periodic updates of FICO scores, accrual status, days past due status, unemployment rates, home prices and geography as credit quality indicators for the consumer loan portfolio. FICO scores are obtained at origination as part of Regions' formal underwriting process. Refreshed FICO scores are obtained by the Company quarterly for all consumer loans, including residential first mortgage loans. Current FICO data is not available for certain loans in the portfolio for various reasons; for example, if customers do not use sufficient credit, an updated score may not be available. These categories are utilized to develop the associated allowance for credit losses. The higher the FICO score the less probability of default and vice versa. 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 March 31, 2022 and December 31, 2021. 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, 2021 for more information regarding Regions' credit quality indicators. March 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 (2) $ 2,766 $ 9,954 $ 4,567 $ 3,479 $ 1,712 $ 3,985 $ 17,408 $ — $ 49 $ 43,920 Special Mention 5 66 66 99 49 79 391 — — 755 Substandard Accrual 10 82 102 45 82 19 412 — — 752 Non-accrual — 39 13 42 9 22 91 — — 216 Total commercial and industrial $ 2,781 $ 10,141 $ 4,748 $ 3,665 $ 1,852 $ 4,105 $ 18,302 $ — $ 49 $ 45,643 Commercial real estate mortgage—owner-occupied: Risk Rating: Pass $ 269 $ 1,328 $ 1,042 $ 610 $ 624 $ 982 $ 112 $ — $ (5) $ 4,962 Special Mention 1 11 41 28 17 28 1 — — 127 Substandard Accrual — 5 4 30 10 10 1 — — 60 Non-accrual 1 1 4 3 5 18 — — — 32 Total commercial real estate mortgage—owner-occupied: $ 271 $ 1,345 $ 1,091 $ 671 $ 656 $ 1,038 $ 114 $ — $ (5) $ 5,181 Commercial real estate construction—owner-occupied: Risk Rating: Pass $ 26 $ 85 $ 41 $ 18 $ 28 $ 54 $ 2 $ — $ — $ 254 Special Mention — 1 — — 2 2 — — — 5 Substandard Accrual — — — — 2 2 — — — 4 Non-accrual — — 1 1 — 8 — — — 10 Total commercial real estate construction—owner-occupied: $ 26 $ 86 $ 42 $ 19 $ 32 $ 66 $ 2 $ — $ — $ 273 Total commercial $ 3,078 $ 11,572 $ 5,881 $ 4,355 $ 2,540 $ 5,209 $ 18,418 $ — $ 44 $ 51,097 Commercial investor real estate mortgage: Risk Rating: Pass $ 553 $ 1,596 $ 870 $ 867 $ 414 $ 222 $ 510 $ — $ (5) $ 5,027 Special Mention 20 17 26 173 74 9 — — — 319 Substandard Accrual — 27 43 78 30 24 7 — — 209 Non-accrual — — — — — 2 — — — 2 Total commercial investor real estate mortgage $ 573 $ 1,640 $ 939 $ 1,118 $ 518 $ 257 $ 517 $ — $ (5) $ 5,557 Commercial investor real estate construction: Risk Rating: Pass $ 46 $ 238 $ 301 $ 311 $ 84 $ 2 $ 590 $ — $ (13) $ 1,559 Special Mention — — 16 32 — — — — — 48 Substandard Accrual — — — — — — — — — — Non-accrual — — — — — — — — — — Total commercial investor real estate construction $ 46 $ 238 $ 317 $ 343 $ 84 $ 2 $ 590 $ — $ (13) $ 1,607 Total investor real estate $ 619 $ 1,878 $ 1,256 $ 1,461 $ 602 $ 259 $ 1,107 $ — $ (18) $ 7,164 March 31, 2022 Term Loans Revolving Loans Revolving Loans Converted to Amortizing Unallocated (1) Total Origination Year 2022 2021 2020 2019 2018 Prior (In millions) Residential first mortgage: FICO scores: Above 720 $ 537 $ 4,173 $ 5,140 $ 1,021 $ 386 $ 2,889 $ — $ — $ — $ 14,146 681-720 82 407 339 92 49 346 — — — 1,315 620-680 39 237 153 65 37 322 — — — 853 Below 620 5 57 62 47 44 434 — — — 649 Data not available 5 54 47 20 6 113 9 — 156 410 Total residential first mortgage $ 668 $ 4,928 $ 5,741 $ 1,245 $ 522 $ 4,104 $ 9 $ — $ 156 $ 17,373 Home equity lines: FICO scores: Above 720 $ — $ — $ — $ — $ — $ — $ 2,658 $ 47 $ — $ 2,705 681-720 — — — — — — 370 11 — 381 620-680 — — — — — — 237 12 — 249 Below 620 — — — — — — 122 8 — 130 Data not available — — — — — — 104 5 28 137 Total home equity lines $ — $ — $ — $ — $ — $ — $ 3,491 $ 83 $ 28 $ 3,602 Home equity loans FICO scores: Above 720 $ 132 $ 526 $ 297 $ 143 $ 131 $ 730 $ — $ — $ — $ 1,959 681-720 24 76 33 20 19 89 — — — 261 620-680 8 34 13 11 12 69 — — — 147 Below 620 2 7 3 7 7 51 — — — 77 Data not available 1 2 3 3 3 26 — — 18 56 Total home equity loans $ 167 $ 645 $ 349 $ 184 $ 172 $ 965 $ — $ — $ 18 $ 2,500 Consumer credit card: FICO scores: Above 720 $ — $ — $ — $ — $ — $ — $ 641 $ — $ — $ 641 681-720 — — — — — — 232 — — 232 620-680 — — — — — — 188 — — 188 Below 620 — — — — — — 77 — — 77 Data not available — — — — — — 9 — (14) (5) Total consumer credit card $ — $ — $ — $ — $ — $ — $ 1,147 $ — $ (14) $ 1,133 Other consumer—exit portfolios FICO scores: Above 720 $ — $ — $ — $ 141 $ 274 $ 175 $ — $ — $ — $ 590 681-720 — — — 42 61 41 — — — 144 620-680 — — — 25 44 32 — — — 101 Below 620 — — — 8 26 23 — — — 57 Data not available — — — 2 4 6 — — 5 17 Total Other consumer—exit portfolios $ — $ — $ — $ 218 $ 409 $ 277 $ — $ — $ 5 $ 909 March 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: FICO scores: Above 720 $ 444 $ 1,489 $ 720 $ 460 $ 188 $ 123 $ 114 $ — $ — $ 3,538 681-720 76 394 174 109 48 32 56 — — 889 620-680 40 236 111 63 32 24 42 — — 548 Below 620 6 72 47 29 18 13 18 — — 203 Data not available 56 26 7 148 85 6 4 — 47 379 Total other consumer $ 622 $ 2,217 $ 1,059 $ 809 $ 371 $ 198 $ 234 $ — $ 47 $ 5,557 Total consumer loans $ 1,457 $ 7,790 $ 7,149 $ 2,456 $ 1,474 $ 5,544 $ 4,881 $ 83 $ 240 $ 31,074 Total Loans $ 5,154 $ 21,240 $ 14,286 $ 8,272 $ 4,616 $ 11,012 $ 24,406 $ 83 $ 266 $ 89,335 December 31, 2021 Term Loans Revolving Loans Revolving Loans Converted to Amortizing Unallocated (1) Total Origination Year 2021 2020 2019 2018 2017 Prior (In millions) Commercial and industrial: Risk Rating: Pass (2) $ 11,098 $ 5,231 $ 3,711 $ 1,781 $ 1,625 $ 2,611 $ 15,794 $ — $ (60) $ 41,791 Special Mention 54 43 177 147 25 77 383 — — 906 Substandard Accrual 83 76 57 90 17 12 421 — — 756 Non-accrual 70 22 45 9 11 15 133 — — 305 Total commercial and industrial $ 11,305 $ 5,372 $ 3,990 $ 2,027 $ 1,678 $ 2,715 $ 16,731 $ — $ (60) $ 43,758 Commercial real estate mortgage—owner-occupied: Risk Rating: Pass $ 1,404 $ 1,095 $ 671 $ 663 $ 381 $ 724 $ 122 $ — $ (7) $ 5,053 Special Mention 7 48 12 11 12 16 1 — — 107 Substandard Accrual 3 8 34 11 6 12 1 — — 75 Non-accrual 3 6 7 10 12 14 — — — 52 Total commercial real estate mortgage—owner-occupied: $ 1,417 $ 1,157 $ 724 $ 695 $ 411 $ 766 $ 124 $ — $ (7) $ 5,287 Commercial real estate construction—owner-occupied: Risk Rating: Pass $ 68 $ 61 $ 24 $ 30 $ 20 $ 42 $ 1 $ — $ — $ 246 Special Mention — — — 2 1 2 — — — 5 Substandard Accrual — — — 2 — — — — — 2 Non-accrual 1 1 — — 1 8 — — — 11 Total commercial real estate construction—owner-occupied: $ 69 $ 62 $ 24 $ 34 $ 22 $ 52 $ 1 $ — $ — $ 264 Total commercial $ 12,791 $ 6,591 $ 4,738 $ 2,756 $ 2,111 $ 3,533 $ 16,856 $ — $ (67) $ 49,309 December 31, 2021 Term Loans Revolving Loans Revolving Loans Converted to Amortizing Unallocated (1) Total Origination Year 2021 2020 2019 2018 2017 Prior (In millions) Commercial investor real estate mortgage: Risk Rating: Pass $ 1,783 $ 808 $ 900 $ 580 $ 144 $ 95 $ 487 $ — $ (4) $ 4,793 Special Mention 23 84 223 21 1 9 — — — 361 Substandard Accrual 52 85 94 31 15 — 7 — — 284 Non-accrual — — — 1 — 2 — — — 3 Total commercial investor real estate mortgage $ 1,858 $ 977 $ 1,217 $ 633 $ 160 $ 106 $ 494 $ — $ (4) $ 5,441 Commercial investor real estate construction: Risk Rating: Pass $ 135 $ 343 $ 404 $ 82 $ 1 $ 1 $ 593 $ — $ (11) $ 1,548 Special Mention — 12 26 — — — — — — 38 Substandard Accrual — — — — — — — — — — Non-accrual — — — — — — — — — — Total commercial investor real estate construction $ 135 $ 355 $ 430 $ 82 $ 1 $ 1 $ 593 $ — $ (11) $ 1,586 Total investor real estate $ 1,993 $ 1,332 $ 1,647 $ 715 $ 161 $ 107 $ 1,087 $ — $ (15) $ 7,027 Residential first mortgage: FICO scores: Above 720 $ 4,020 $ 5,280 $ 1,106 $ 426 $ 612 $ 2,601 $ — $ — $ — $ 14,045 681-720 449 366 108 57 69 353 — — — 1,402 620-680 246 161 78 50 44 378 — — — 957 Below 620 39 58 49 47 47 451 — — — 691 Data not available 56 46 20 7 11 111 9 — 157 417 Total residential first mortgage $ 4,810 $ 5,911 $ 1,361 $ 587 $ 783 $ 3,894 $ 9 $ — $ 157 $ 17,512 Home equity lines: FICO scores: Above 720 $ — $ — $ — $ — $ — $ — $ 2,761 $ 49 $ — $ 2,810 681-720 — — — — — — 380 12 — 392 620-680 — — — — — — 254 11 — 265 Below 620 — — — — — — 132 8 — 140 Data not available — — — — — — 105 5 27 137 Total home equity lines $ — $ — $ — $ — $ — $ — $ 3,632 $ 85 $ 27 $ 3,744 Home equity loans FICO scores: Above 720 $ 544 $ 320 $ 155 $ 144 $ 217 $ 588 $ — $ — $ — $ 1,968 681-720 82 35 26 22 23 71 — — — 259 620-680 34 14 13 12 15 59 — — — 147 Below 620 6 3 6 7 11 46 — — — 79 Data not available 2 3 3 4 5 22 — — 18 57 Total home equity loans $ 668 $ 375 $ 203 $ 189 $ 271 $ 786 $ — $ — $ 18 $ 2,510 December 31, 2021 Term Loans Revolving Loans Revolving Loans Converted to Amortizing Unallocated (1) Total Origination Year 2021 2020 2019 2018 2017 Prior (In millions) Consumer Credit Card FICO scores: Above 720 $ — $ — $ — $ — $ — $ — $ 675 $ — $ — $ 675 681-720 — — — — — — 240 — — 240 620-680 — — — — — — 194 — — 194 Below 620 — — — — — — 81 — — 81 Data not available — — — — — — 8 — (14) (6) Total consumer credit card $ — $ — $ — $ — $ — $ — $ 1,198 $ — $ (14) $ 1,184 Other consumer—exit portfolios FICO scores: Above 720 $ — $ — $ 157 $ 318 $ 135 $ 81 $ — $ — $ — $ 691 681-720 — — 47 71 32 20 — — — 170 620-680 — — 28 50 24 17 — — — 119 Below 620 — — 10 31 16 13 — — — 70 Data not available — — 2 5 4 3 — — 7 21 Total other consumer—exit portfolios $ — $ — $ 244 $ 475 $ 211 $ 134 $ — $ — $ 7 $ 1,071 Other consumer: FICO scores: Above 720 $ 1,555 $ 844 $ 543 $ 222 $ 66 $ 76 $ 116 $ — $ — $ 3,422 681-720 381 203 131 58 19 18 56 — — 866 620-680 232 125 72 37 15 13 40 — — 534 Below 620 66 50 33 20 8 7 17 — — 201 Data not available 62 7 156 91 4 4 2 — 78 404 Total other consumer $ 2,296 $ 1,229 $ 935 $ 428 $ 112 $ 118 $ 231 $ — $ 78 $ 5,427 Total consumer loans $ 7,774 $ 7,515 $ 2,743 $ 1,679 $ 1,377 $ 4,932 $ 5,070 $ 85 $ 273 $ 31,448 Total Loans $ 22,558 $ 15,438 $ 9,128 $ 5,150 $ 3,649 $ 8,572 $ 23,013 $ 85 $ 191 $ 87,784 _________ (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) Commercial and industrial lending includes PPP lending in the 2021 and 2020 vintage years. AGING AND NON-ACCRUAL ANALYSIS The following tables include an aging analysis of DPD and loans on non-accrual status for each portfolio segment and class as of March 31, 2022 and December 31, 2021. Loans on non-accrual status with no related allowance totaled $69 million and $127 million, of commercial loans, as of March 31, 2022 and December 31, 2021, respectively. 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. March 31, 2022 Accrual Loans 30-59 DPD 60-89 DPD 90+ DPD Total Total Non-accrual Total (In millions) Commercial and industrial $ 26 $ 11 $ 5 $ 42 $ 45,427 $ 216 $ 45,643 Commercial real estate mortgage—owner-occupied 5 1 1 7 5,149 32 5,181 Commercial real estate construction—owner-occupied — 1 — 1 263 10 273 Total commercial 31 13 6 50 50,839 258 51,097 Commercial investor real estate mortgage 16 — — 16 5,555 2 5,557 Commercial investor real estate construction — — — — 1,607 — 1,607 Total investor real estate 16 — — 16 7,162 2 7,164 Residential first mortgage 65 32 98 195 17,342 31 17,373 Home equity lines 12 8 19 39 3,565 37 3,602 Home equity loans 8 4 11 23 2,493 7 2,500 Consumer credit card 8 5 12 25 1,133 — 1,133 Other consumer—exit portfolios 8 3 2 13 909 — 909 Other consumer 31 14 14 59 5,557 — 5,557 Total consumer 132 66 156 354 30,999 75 31,074 $ 179 $ 79 $ 162 $ 420 $ 89,000 $ 335 $ 89,335 December 31, 2021 Accrual Loans 30-59 DPD 60-89 DPD 90+ DPD Total Total Non-accrual Total (In millions) Commercial and industrial $ 35 $ 29 $ 5 $ 69 $ 43,453 $ 305 $ 43,758 Commercial real estate mortgage—owner-occupied 3 1 1 5 5,235 52 5,287 Commercial real estate construction—owner-occupied — — — — 253 11 264 Total commercial 38 30 6 74 48,941 368 49,309 Commercial investor real estate mortgage — — — — 5,438 3 5,441 Commercial investor real estate construction — — — — 1,586 — 1,586 Total investor real estate — — — — 7,024 3 7,027 Residential first mortgage 73 31 123 227 17,479 33 17,512 Home equity lines 15 6 21 42 3,704 40 3,744 Home equity loans 7 4 12 23 2,503 7 2,510 Consumer credit card 9 6 12 27 1,184 — 1,184 Other consumer—exit portfolios 10 4 2 16 1,071 — 1,071 Other consumer 31 15 13 59 5,427 — 5,427 Total consumer 145 66 183 394 31,368 80 31,448 $ 183 $ 96 $ 189 $ 468 $ 87,333 $ 451 $ 87,784 TROUBLED DEBT RESTRUCTURINGS Regions regularly modifies commercial and investor real estate loans in order to facilitate a workout strategy. Similarly, Regions works to meet the individual needs of consumer borrowers to stem foreclosure through its CAP. Refer to Note 1 "Summary of Significant Accounting Policies" and Note 5 "Allowance for Credit Losses" in the Annual Report on Form 10-K for the year ended December 31, 2021 for additional information regarding the Company's TDRs, including their impact on the allowance and designation of TDRs in periods subsequent to the modification. As provided initially in the CARES Act and subsequently extended through the Consolidated Appropriations Act, certain loan modifications related to the COVID-19 pandemic beginning March 1, 2020 through January 1, 2022 were eligible for relief from TDR classification. Regions elected this provision of both Acts; therefore, modified loans that met the required guidelines for relief were not considered TDRs and are excluded from the December 31, 2021 disclosures below. The following tables present the end of period balance for loans modified in a TDR during the periods presented 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 March 31, 2022 Financial Impact Number of Recorded Increase in (Dollars in millions) Commercial and industrial 10 $ 37 $ — Commercial real estate mortgage—owner-occupied 3 2 — Commercial real estate construction—owner-occupied — — — Total commercial 13 39 — Commercial investor real estate mortgage 1 8 — Commercial investor real estate construction — — — Total investor real estate 1 8 — Residential first mortgage 357 52 3 Home equity lines 22 2 1 Home equity loans 42 3 — Consumer credit card 2 — — Other consumer—exit portfolios — — — Other consumer 2 — — Total consumer 425 57 4 439 $ 104 $ 4 Three Months Ended March 31, 2021 Financial Impact Number of Recorded Increase in (Dollars in millions) Commercial and industrial 26 $ 30 $ — Commercial real estate mortgage—owner-occupied 6 1 — Commercial real estate construction—owner-occupied — — — Total commercial 32 31 — Commercial investor real estate mortgage 2 7 — Commercial investor real estate construction — — — Total investor real estate 2 7 — Residential first mortgage 175 35 3 Home equity lines 2 — — Home equity loans 1 — — Consumer credit card — — — Other consumer—exit portfolios — — — Other consumer 48 1 — Total consumer 226 36 3 260 $ 74 $ 3 |
Servicing of Financial Assets
Servicing of Financial Assets | 3 Months Ended |
Mar. 31, 2022 | |
Transfers and Servicing of Financial Assets [Abstract] | |
Servicing of Financial Assets | NOTE 4. SERVICING OF FINANCIAL ASSETS RESIDENTIAL MORTGAGE BANKING ACTIVITIES The fair value of residential MSRs is calculated using various assumptions including future cash flows, market discount rates, expected prepayment rates, servicing costs and other factors. A significant change in prepayments of mortgages in the servicing portfolio could result in significant changes in the valuation adjustments, thus creating potential volatility in the carrying amount of residential MSRs. The Company compares fair value estimates and assumptions to observable market data where available, and also considers recent market activity and actual portfolio experience. The table below presents an analysis of residential MSRs under the fair value measurement method: Three Months Ended March 31 2022 2021 (In millions) Carrying value, beginning of period $ 418 $ 296 Additions 19 21 Purchases (1) 75 11 Increase (decrease) in fair value: Due to change in valuation inputs or assumptions 47 90 Economic amortization associated with borrower repayments (2) (17) (17) Carrying value, end of period $ 542 $ 401 ________ (1) Purchases of residential MSRs can be structured with cash hold back provisions, therefore the timing of payment may be made in future periods. (2) Economic amortization associated with borrower repayments" includes both total loan payoffs as well as partial paydowns. Regions' MSR decay methodology is a discounted net cash flow approach. Data and assumptions used in the fair value calculation, as well as the valuation’s sensitivity to rate fluctuations, related to residential MSRs (excluding related derivative instruments) are as follows: March 31 2022 2021 (Dollars in millions) Unpaid principal balance $ 41,639 $ 34,212 Weighted-average CPR (%) 9.6 % 10.2 % Estimated impact on fair value of a 10% increase $ (48) $ (28) Estimated impact on fair value of a 20% increase $ (78) $ (51) Option-adjusted spread (basis points) 445 564 Estimated impact on fair value of a 10% increase $ (10) $ (10) Estimated impact on fair value of a 20% increase $ (21) $ (21) Weighted-average coupon interest rate 3.5 % 3.8 % Weighted-average remaining maturity (months) 299 289 Weighted-average servicing fee (basis points) 27.4 27.5 The sensitivity calculations above are hypothetical and should not be considered to be predictive of future performance. Changes in fair value based on adverse changes in assumptions generally cannot be extrapolated because the relationship of the change in assumption to the change in fair value may not be linear. Also, the effect of an adverse variation in a particular assumption on the fair value of the residential MSRs is calculated without changing any other assumption, while in reality changes in one factor may result in changes in another, which may either magnify or counteract the effect of the change. The derivative instruments utilized by Regions would serve to reduce the estimated impacts to fair value included in the table above. The following table presents servicing related fees, which includes contractually specified servicing fees, late fees and other ancillary income resulting from the servicing of residential mortgage loans: Three Months Ended March 31 2022 2021 (In millions) Servicing related fees and other ancillary income $ 27 $ 24 Residential mortgage loans are sold in the secondary market with standard representations and warranties regarding certain characteristics such as the quality of the loan, the absence of fraud, the eligibility of the loan for sale and the future servicing associated with the loan. Regions may be required to repurchase these loans at par, or make-whole or indemnify the purchasers for losses incurred when representations and warranties are breached. Regions maintains an immaterial repurchase liability related to residential mortgage loans sold with representations and warranty provisions. This repurchase liability is reported in other liabilities on the consolidated balance sheets and reflects management’s estimate of losses based on historical repurchase and loss trends, as well as other factors that may result in anticipated losses different from historical loss trends. Adjustments to this reserve are recorded in other non-interest expense on the consolidated statements of income. COMMERCIAL MORTGAGE BANKING ACTIVITIES Regions is an approved DUS lender. The DUS program provides liquidity to the multi-family housing market. In connection with the DUS program, Regions services commercial mortgage loans, retains commercial MSRs and intangible assets associated with the DUS license, and assumes a loss share guarantee associated with the loans. See Note 1 "Summary of Significant Accounting Policies" in the 2021 Annual Report on Form 10-K for additional information. Also see Note 11 for additional information. The table below presents an analysis of commercial MSRs under the amortization measurement method: Three Months Ended March 31 2022 2021 (In millions) Carrying value, beginning of period $ 86 $ 74 Additions — 11 Economic amortization associated with borrower repayments (1) (4) (3) Carrying value, end of period $ 82 $ 82 ________ (1) "Economic amortization associated with borrower repayments" includes both total loan payoffs as well as partial paydowns. Regions periodically evaluates the commercial MSRs for impairment based on fair value. The estimated fair value of the commercial MSRs was approximately $94 million at March 31, 2022 and $96 million at December 31, 2021. The following table presents servicing related fees, which includes contractually specified servicing fees, late fees and other ancillary income resulting from the servicing of commercial mortgage loans: Three Months Ended March 31 2022 2021 (In millions) Servicing related fees and other ancillary income $ 7 $ 5 |
Stockholders' Equity and Accumu
Stockholders' Equity and Accumulated Other Comprehensive Income (Loss) | 3 Months Ended |
Mar. 31, 2022 | |
Equity [Abstract] | |
Stockholders' Equity and Accumulated Other Comprehensive Income (Loss) | NOTE 5. SHAREHOLDERS’ EQUITY AND ACCUMULATED OTHER COMPREHENSIVE INCOME PREFERRED STOCK The following table presents a summary of the non-cumulative perpetual preferred stock: March 31, 2022 December 31, 2021 Issuance Date Earliest Redemption Date Dividend Rate (1) Liquidation Amount Liquidation Preference per Share Liquidation preference per Depositary Share Ownership Interest per Depositary Share Carrying Amount Carrying Amount Series B 4/29/2014 9/15/2024 6.375 % (2) $ 500 1,000 25 1/40th $ 433 $ 433 Series C 4/30/2019 5/15/2029 5.700 % (3) 500 1,000 25 1/40th 490 490 Series D 6/5/2020 9/15/2025 5.750 % (4) 350 100,000 1,000 1/100th 346 346 Series E 5/4/2021 6/15/2026 4.450 % 400 1,000 25 1/40th 390 390 $ 1,750 $ 1,659 $ 1,659 _________ (1) Dividends on all series of preferred stock, if declared, accrue and are payable quarterly in arrears. (2) Dividends, if declared, will be paid quarterly at an annual rate equal to (i) for each period beginning prior to September 15, 2024, 6.375%, and (ii) for each period beginning on or after September 15, 2024, three-month LIBOR plus 3.536%. (3) Dividends, if declared, will be paid quarterly at an annual rate equal to (i) for each period beginning prior to August 15, 2029, 5.700%, and (ii) for each period beginning on or after August 15, 2029, three-month LIBOR plus 3.148%. (4) Dividends, if declared, will be paid quarterly at an annual rate equal to (i) for each period beginning prior to September 15, 2025, 5.750%, and (ii) for each period beginning on or after September 15, 2025, the five-year treasury rate as of the most recent reset dividend determination date plus 5.426%. All series of preferred stock have no stated maturity and redemption is solely at Regions' option, subject to regulatory approval, in whole, or in part, after the earliest redemption date or in whole, but not in part, at any time following a regulatory capital treatment event for the Series B, Series C, Series D, and Series E preferred stock. The Board declared a total of $20 million in cash dividends on Series B, Series C and Series D preferred stock during both the first three months of 2022 and 2021. The Board declared cash dividends of $4 million on Series E preferred stock for the first three months of 2022; the initial quarterly dividend on Series E was declared in the third quarter of 2021. Additionally, total cash dividends for the first three months of 2021 includes $8 million in cash dividends on Series A preferred stock, which were fully redeemed during the second quarter of 2021. Therefore, a total of $24 million in cash dividends on total preferred stock was declared in the first three months of 2022 compared to the total of $28 million in cash dividends on total preferred stock for the same period in 2021. In the event Series B, Series C, Series D or Series E preferred shares are redeemed at the liquidation amounts, $67 million, $10 million, $4 million, or $10 million in excess of the redemption amount over the carrying amount will be recognized, respectively. Approximately $52 million of Series B preferred dividends that were recorded as a reduction of preferred stock, including related surplus, will be recorded as a reduction to common shareholders' equity. The remaining amounts listed represent issuance costs that were recorded as reductions to preferred stock, including related surplus, and will be recorded as reductions to net income available to common shareholders. COMMON STOCK As a result of Regions' voluntary participation in 2021 CCAR, effective October 1, 2021, Regions' SCB requirement for the fourth quarter of 2021 through the third quarter of 2022 will be floored at 2.5 percent. As part of the Company's 2021 capital plan, the Board authorized the repurchase of up to $2.5 billion of the Company's common stock, permitting purchases from the second quarter of 2021 through the first quarter of 2022. During the three months ended March 31, 2022, Regions repurchased approximately 9.1 million shares of common stock at a total cost of $215 million and concluded the plan in the first quarter of 2022. All of these shares were immediately retired upon repurchase and therefore, were not included in treasury stock. On April 20, 2022, the Board authorized the repurchase of up to $2.5 billion of the Company's common stock, permitting purchases from the second quarter of 2022 through the fourth quarter of 2024. As of May 4, 2022, Regions had repurchased approximately 725 thousand shares of common stock at a total cost of $15 million under this plan. All of these shares were immediately retired upon repurchase and therefore will not be included in treasury stock. The Board declared a $0.17 per share cash dividend on common stock for the first quarter 2022 as compared to $0.155 per common share for the first quarter 2021. ACCUMULATED OTHER COMPREHENSIVE INCOME The following tables present the balances and activity in AOCI on a pre-tax and net of tax basis for the three months ended March 31, 2022 and 2021: Three Months Ended March 31, 2022 Pre-tax AOCI Activity Tax Effect (1) Net AOCI Activity (In millions) Total accumulated other comprehensive income (loss), beginning of period $ 387 $ (98) $ 289 Unrealized losses on securities transferred to held to maturity: Beginning balance $ (14) $ 3 $ (11) Reclassification adjustments for amortization of unrealized losses (2) 1 — 1 Ending balance $ (13) $ 3 $ (10) Unrealized gains (losses) on securities available for sale: Beginning balance $ 218 $ (55) $ 163 Unrealized gains (losses) arising during the period (1,498) 381 (1,117) Ending balance $ (1,280) $ 326 $ (954) Unrealized gains (losses) on derivative instruments designated as cash flow hedges: Beginning balance $ 830 $ (209) $ 621 Unrealized holding gains (losses) on derivatives arising during the period (417) 106 (311) Reclassification adjustments for (gains) losses realized in net income (2) (110) 28 (82) Change in AOCI from derivative activity in the period (527) 134 (393) Ending balance $ 303 $ (75) $ 228 Defined benefit pension plans and other post employment benefit plans: Beginning balance $ (647) $ 163 $ (484) Reclassification adjustments for amortization of actuarial gains (losses) and settlements realized in net income (4) 8 (2) 6 Ending balance $ (639) $ 161 $ (478) Total other comprehensive income (loss) (2,016) 513 (1,503) Total accumulated other comprehensive income (loss), end of period $ (1,629) $ 415 $ (1,214) Three Months Ended March 31, 2021 Pre-tax AOCI Activity Tax Effect (1) Net AOCI Activity (In millions) Total accumulated other comprehensive income (loss), beginning of period $ 1,759 $ (444) $ 1,315 Unrealized losses on securities transferred to held to maturity: Beginning balance $ (21) $ 5 $ (16) Reclassification adjustments for amortization of unrealized losses (2) 3 (1) 2 Ending balance $ (18) $ 4 $ (14) Unrealized gains (losses) on securities available for sale: Beginning balance $ 1,062 $ (268) $ 794 Unrealized gains (losses) arising during the period (548) 138 (410) Reclassification adjustments for securities (gains) losses realized in net income (3) (1) — (1) Change in AOCI from securities available for sale activity in the period (549) 138 (411) Ending balance $ 513 $ (130) $ 383 Unrealized gains (losses) on derivative instruments designated as cash flow hedges: Beginning balance $ 1,610 $ (406) $ 1,204 Unrealized holding gains (losses) on derivatives arising during the period (331) 83 (248) Reclassification adjustments for (gains) losses realized in net income (2) (102) 26 (76) Change in AOCI from derivative activity in the period (433) 109 (324) Ending balance $ 1,177 $ (297) $ 880 Defined benefit pension plans and other post employment benefit plans: Beginning balance $ (892) $ 225 $ (667) Reclassification adjustments for amortization of actuarial gains (losses) and settlements realized in net income (4) 13 (3) 10 Ending balance $ (879) $ 222 $ (657) Total other comprehensive income (loss) (966) 243 (723) Total accumulated other comprehensive income (loss), end of period $ 793 $ (201) $ 592 _________ (1) The impact of all AOCI activity is shown net of the related tax impact, calculated using an effective tax rate of approximately 25%. (2) Reclassification amount is recognized in net interest income in the consolidated statements of income. (3) Reclassification amount is recognized in securities gains (losses), net in the consolidated statements of income. (4) Reclassification amount is recognized in other non-interest expense in the consolidated statements of income. Additionally, these accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost (see Note 7 for additional details). |
Earnings Per Common Share
Earnings Per Common Share | 3 Months Ended |
Mar. 31, 2022 | |
Earnings Per Share [Abstract] | |
Earnings Per Common Share | NOTE 6. EARNINGS PER COMMON SHARE The following table sets forth the computation of basic earnings per common share and diluted earnings per common share: Three Months Ended March 31 2022 2021 (In millions, except per share amounts) Numerator: Net income $ 548 $ 642 Preferred stock dividends and other (24) (28) Net income available to common shareholders $ 524 $ 614 Denominator: Weighted-average common shares outstanding—basic 938 961 Potential common shares 9 7 Weighted-average common shares outstanding—diluted 947 968 Earnings per common share: Basic $ 0.56 $ 0.64 Diluted 0.55 0.63 |
Pension and Other Postretiremen
Pension and Other Postretirement Benefits | 3 Months Ended |
Mar. 31, 2022 | |
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract] | |
Pension and Other Postretirement Benefits | NOTE 7. PENSION AND OTHER POSTRETIREMENT BENEFITS Regions' defined benefit pension plans cover certain employees as the pension plans are closed to new entrants. The Company also sponsors a SERP, which is a non-qualified pension plan that provides certain senior executive officers defined benefits in relation to their compensation. Net periodic pension cost (credit) includes the following components: Qualified Plans Non-qualified Plans Total Three Months Ended March 31 2022 2021 2022 2021 2022 2021 (In millions) Service cost $ 9 $ 9 $ — $ 1 $ 9 $ 10 Interest cost 14 12 1 1 15 13 Expected return on plan assets (35) (35) — — (35) (35) Amortization of actuarial loss 6 11 2 2 8 13 Net periodic pension cost (credit) $ (6) $ (3) $ 3 $ 4 $ (3) $ 1 The service cost component of net periodic pension cost (credit) is recorded in salaries and employee benefits on the consolidated statements of income. Components other than service cost are recorded in other non-interest expense on the consolidated statements of income. Regions' funding policy for the qualified plans is to contribute annually at least the amount required by IRS minimum funding standards. Regions made no contributions during the first three months of 2022. |
Derivative Financial Instrument
Derivative Financial Instruments and Hedging Activities | 3 Months Ended |
Mar. 31, 2022 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Derivative Financial Instruments and Hedging Activities | NOTE 8. DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES The following tables present the notional amount and estimated fair value of derivative instruments on a gross basis. March 31, 2022 December 31, 2021 Notional Estimated Fair Value Notional Estimated Fair Value Gain (1) Loss (1) Gain (1) Loss (1) (In millions) Derivatives in fair value hedging relationships: Interest rate swaps $ 7,900 $ 22 $ 98 $ 7,900 $ — $ 32 Derivatives in cash flow hedging relationships: Interest rate swaps (2) 24,850 36 344 20,650 171 29 Total derivatives designated as hedging instruments $ 32,750 $ 58 $ 442 $ 28,550 $ 171 $ 61 Derivatives not designated as hedging instruments: Interest rate swaps $ 81,886 $ 1,006 $ 1,085 $ 81,327 $ 748 $ 794 Interest rate options 16,740 73 47 15,990 48 19 Interest rate futures and forward commitments 2,281 29 3 2,739 11 3 Other contracts 9,988 324 313 9,456 133 135 Total derivatives not designated as hedging instruments $ 110,895 $ 1,432 $ 1,448 $ 109,512 $ 940 $ 951 Total derivatives $ 143,645 $ 1,490 $ 1,890 $ 138,062 $ 1,111 $ 1,012 Total gross derivative instruments, before netting $ 1,490 $ 1,890 $ 1,111 $ 1,012 Less: Netting adjustments (3) 1,173 1,283 699 932 Total gross derivative instruments, after netting $ 317 $ 607 $ 412 $ 80 _________ (1) Derivatives in a gain position are recorded as other assets and derivatives in a loss position are recorded as other liabilities on the consolidated balance sheets. (2) Includes accrued interest of $13 million at March 31, 2022 and $12 million at December 31, 2021. (3) Netting adjustments represent amounts recorded to convert derivative assets and derivative liabilities from a gross basis to a net basis in accordance with applicable accounting guidance. The net basis takes into account the impact of cash collateral received or posted, legally enforceable master netting agreements, and variation margin that allow Regions to settle derivative contracts with the counterparty on a net basis and to offset the net position with the related cash collateral. HEDGING DERIVATIVES Derivatives entered into to manage interest rate risk and facilitate asset/liability management strategies are designated as hedging derivatives. Derivative financial instruments that qualify in a hedging relationship are classified, based on the exposure being hedged, as either fair value hedges or cash flow hedges. See Note 1 "Summary of Significant Accounting Policies" of the Annual Report on Form 10-K for the year ended December 31, 2021, for additional information regarding accounting policies for derivatives. FAIR VALUE HEDGES Fair value hedge relationships mitigate exposure to the change in fair value of an asset, liability or firm commitment. Regions enters into interest rate swap agreements to manage interest rate exposure on the Company’s fixed-rate borrowings. These agreements involve the receipt of fixed-rate amounts in exchange for floating-rate interest payments over the life of the agreements. Regions also enters into interest rate swap agreements to manage interest rate exposure on certain of the Company's fixed-rate prepayable and non-prepayable debt securities available for sale. These agreements involve the payment of fixed-rate amounts in exchange for floating-rate interest receipts. CASH FLOW HEDGES Cash flow hedge relationships mitigate exposure to the variability of future cash flows or other forecasted transactions. Regions enters into interest rate swap and floor agreements to manage overall cash flow changes related to interest rate risk exposure on variable rate loans. The agreements effectively modify the Company’s exposure to interest rate risk by utilizing receive fixed/pay LIBOR or SOFR interest rate swaps and interest rate floors. As of March 31, 2022, Regions is hedging its exposure to the variability in future cash flows through 2029. The following table presents the pre-tax impact of previously terminated cash flow hedges on AOCI. The balance of terminated cash flow hedges in AOCI will be amortized into earnings through 2026. Three Months Ended March 31 2022 2021 (In millions) Unrealized gains on terminated hedges included in AOCI- beginning of period $ 700 $ 121 Unrealized gains on terminated hedges arising during the period — 166 Reclassification adjustments for amortization of unrealized (gains) into net income (76) (8) Unrealized gains on terminated hedges included in AOCI - end of period $ 624 $ 279 Regions expects to reclassify into earnings approximately $165 million in pre-tax income due to the receipt or payment of interest payments on cash flow hedges within the next twelve months. Included in this amount is $280 million in pre-tax net gains related to the amortization of discontinued cash flow hedges. The following tables present the effect of hedging derivative instruments on the consolidated statements of income and the total amounts for the respective line items effected: Three Months Ended March 31, 2022 Interest Income Interest Expense Debt Securities Loans, Including Fees Long-term Borrowings (In millions) Total income (expense) presented in the consolidated statements of income $ 138 $ 876 (24 ) Gains/(losses) on fair value hedging relationships: Interest rate contracts: Amounts related to interest settlements on derivatives $ — $ — $ 1 Recognized on derivatives 22 — (64) Recognized on hedged items (22) — 64 Net income recognized on fair value hedges $ — $ — $ 1 Gains/(losses) on cash flow hedging relationships: (1) Interest rate contracts: Realized gains (losses) reclassified from AOCI into net income (2) $ — $ 110 $ — Income (expense) recognized on cash flow hedges $ — $ 110 $ — Three Months Ended March 31, 2021 Interest Income Interest Expense Loans, Including Fees Long-term Borrowings (In millions) Total income (expense) presented in the consolidated statements of income $ 854 (27 ) Gains/(losses) on fair value hedging relationships: Interest rate contracts: Amounts related to interest settlements on derivatives $ — $ 7 Recognized on derivatives — (22) Recognized on hedged items — 22 Net income recognized on fair value hedges $ — $ 7 Gains/(losses) on cash flow hedging relationships: (1) Interest rate contracts: Realized gains (losses) reclassified from AOCI into net income (2) $ 102 $ — Income (expense) recognized on cash flow hedges $ 102 $ — ___ (1) See Note 5 for gain or (loss) recognized for cash flow hedges in AOCI. (2) Pre-tax. The following tables present the carrying amount and associated cumulative basis adjustment related to the application of hedge accounting that is included in the carrying amount of hedged assets and liabilities in fair value hedging relationships. March 31, 2022 December 31, 2021 Hedged Items Currently Designated Hedged Items Currently Designated Carrying Amount of Assets/(Liabilities) Hedge Accounting Basis Adjustment Carrying Amount of Assets/(Liabilities) Hedge Accounting Basis Adjustment (In millions) Debt securities available for sale (1)(2) $ 9,443 $ (22) $ 9,901 $ — Long-term borrowings (1,298) 98 (1,363) 34 ______ (1) Carrying amount represents amortized cost. (2) In the fourth quarter of 2021, the Company designated interest rate swaps as fair value hedges of debt securities available for sale under the last-of-layer method, which are included in this amount. At both March 31, 2022 and December 31, 2021, the Company had designated $5.8 billion as the hedged amount from a closed portfolio of prepayable financial assets with an associated carrying amount of $8.7 billion at March 31, 2022 and $9.1 billion at December 31, 2021. DERIVATIVES NOT DESIGNATED AS HEDGING INSTRUMENTS The Company holds a portfolio of interest rate swaps, option contracts, and futures and forward commitments that result from transactions with its commercial customers in which they manage their risks by entering into a derivative with Regions. The Company monitors and manages the net risk in this customer portfolio and enters into separate derivative contracts in order to reduce the overall exposure to pre-defined limits. For both derivatives with its end customers and derivatives Regions enters into to mitigate the risk in this portfolio, the Company is subject to market risk and the risk that the counterparty will default. The contracts in this portfolio are not designated as accounting hedges and are marked-to-market through earnings (in capital markets fee income) and included in other assets and other liabilities, as appropriate. Regions enters into interest rate lock commitments, which are commitments to originate mortgage loans whereby the interest rate on the loan is determined prior to funding and the customers have locked into that interest rate. At March 31, 2022 and December 31, 2021, Regions had $497 million and $419 million, respectively, in total notional amount of interest rate lock commitments. Regions manages market risk on interest rate lock commitments and mortgage loans held for sale with corresponding forward sale commitments. Residential mortgage loans held for sale are recorded at fair value with changes in fair value recorded in mortgage income. Commercial mortgage loans held for sale are recorded at either the lower of cost or market or at fair value based on management's election. At March 31, 2022 and December 31, 2021, Regions had $872 million and $987 million, respectively, in total notional amounts related to these forward sale commitments. Changes in mark-to-market from both interest rate lock commitments and corresponding forward sale commitments related to residential mortgage loans are included in mortgage income. Changes in mark-to-market from both interest rate lock commitments and corresponding forward sale commitments related to commercial mortgage loans are included in capital markets income. Regions has elected to account for residential MSRs at fair value with any changes to fair value recorded in mortgage income. Concurrent with the election to use the fair value measurement method, Regions began using various derivative instruments in the form of forward rate commitments, futures contracts, swaps and swaptions to mitigate the effect of changes in the fair value of its residential MSRs in its consolidated statements of income. As of March 31, 2022 and December 31, 2021, the total notional amount related to these contracts was $4.2 billion and $4.5 billion, respectively. The following table presents the location and amount of gain or (loss) recognized in income on derivatives not designated as hedging instruments in the consolidated statements of income for the periods presented below: Three Months Ended March 31 Derivatives Not Designated as Hedging Instruments 2022 2021 (In millions) Capital markets income: Interest rate swaps $ 31 $ 23 Interest rate options 11 15 Interest rate futures and forward commitments (4) 9 Other contracts 3 5 Total capital markets income 41 52 Mortgage income: Interest rate swaps (46) (67) Interest rate options (10) (13) Interest rate futures and forward commitments 16 30 Total mortgage income (40) (50) $ 1 $ 2 CREDIT DERIVATIVES Regions has both bought and sold credit protection in the form of participations on interest rate swaps (swap participations). These swap participations, which meet the definition of credit derivatives, were entered into in the ordinary course of business to serve the credit needs of customers. Swap participations, whereby Regions has purchased credit protection, entitle Regions to receive a payment from the counterparty if the customer fails to make payment on any amounts due to Regions upon early termination of the swap transaction and have maturities between 2022 and 2029. Swap participations, whereby Regions has sold credit protection have maturities between 2022 and 2038. For contracts where Regions sold credit protection, Regions would be required to make payment to the counterparty if the customer fails to make payment on any amounts due to the counterparty upon early termination of the swap transaction. Regions bases the current status of the prepayment/performance risk on bought and sold credit derivatives on recently issued internal risk ratings consistent with the risk management practices of unfunded commitments. Regions’ maximum potential amount of future payments under these contracts as of March 31, 2022 was approximately $409 million. This scenario occurs if variable interest rates were at zero percent and all counterparties defaulted with zero recovery. The fair value of sold protection at March 31, 2022 and 2021 was immaterial. In transactions where Regions has sold credit protection, recourse to collateral associated with the original swap transaction is available to offset some or all of Regions’ obligation. Regions has bought credit protection in the form of credit default indices. These indices, which meet the definition of credit derivatives, were entered into in the ordinary course of business to economically hedge credit spread risk in commercial mortgage loans held for sale whereby the fair value option has been elected. Credit derivatives, whereby Regions has purchased credit protection, entitle Regions to receive a payment from the counterparty if losses on the underlying index exceed a certain threshold, dependent upon the tranche rating of the capital structure. CONTINGENT FEATURES Certain of Regions’ derivative instrument contracts with broker-dealers contain credit-related termination provisions and/or credit-related provisions regarding the posting of collateral, allowing those broker-dealers to terminate the contracts in the event that Regions’ and/or Regions Bank’s credit ratings falls below specified ratings from certain major credit rating agencies. The aggregate fair values of all derivative instruments with any credit-risk-related contingent features that were in a liability position on March 31, 2022 and December 31, 2021, were $139 million and $81 million, respectively, for which Regions had posted collateral of $148 million and $84 million, respectively, in the normal course of business. |
Fair Value Measurements
Fair Value Measurements | 3 Months Ended |
Mar. 31, 2022 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurements | NOTE 9. FAIR VALUE MEASUREMENTS See Note 1 "Summary of Significant Accounting Policies" to the consolidated financial statements of the Annual Report on Form 10-K for the year ended December 31, 2021 for a description of valuation methodologies for assets and liabilities measured at fair value on a recurring and non-recurring basis. Assets and liabilities measured at fair value rarely transfer between Level 1 and Level 2 measurements. Marketable equity securities and debt securities available for sale may be periodically transferred to or from Level 3 valuation based on management’s conclusion regarding the observability of inputs used in valuing the securities. Such transfers are accounted for as if they occur at the beginning of a reporting period. The following table presents assets and liabilities measured at estimated fair value on a recurring basis: March 31, 2022 December 31, 2021 Level 1 Level 2 Level 3 (1) Total Estimated Fair Value Level 1 Level 2 Level 3 (1) Total Estimated Fair Value (In millions) Recurring fair value measurements Debt securities available for sale: U.S. Treasury securities $ 1,030 $ — $ — $ 1,030 $ 1,132 $ — $ — $ 1,132 Federal agency securities — 700 — 700 — 92 — 92 Obligations of states and political subdivisions — 3 — 3 — 4 — 4 Mortgage-backed securities (MBS): Residential agency — 20,097 — 20,097 — 18,962 — 18,962 Residential non-agency — — 1 1 — — 1 1 Commercial agency — 5,769 — 5,769 — 6,373 — 6,373 Commercial non-agency — 464 — 464 — 536 — 536 Corporate and other debt securities — 1,319 1 1,320 — 1,380 1 1,381 Total debt securities available for sale $ 1,030 $ 28,352 $ 2 $ 29,384 $ 1,132 $ 27,347 $ 2 $ 28,481 Loans held for sale $ — $ 495 $ 12 $ 507 $ — $ 693 $ 90 $ 783 Marketable equity securities $ 584 $ — $ — $ 584 $ 464 $ — $ — $ 464 Residential mortgage servicing rights $ — $ — $ 542 $ 542 $ — $ — $ 418 $ 418 Derivative assets (2) : Interest rate swaps $ — $ 1,064 $ — $ 1,064 $ — $ 919 $ — $ 919 Interest rate options — 63 10 73 — 36 12 48 Interest rate futures and forward commitments — 29 — 29 — 11 — 11 Other contracts — 324 — 324 — 132 1 133 Total derivative assets $ — $ 1,480 $ 10 $ 1,490 $ — $ 1,098 $ 13 $ 1,111 Derivative liabilities (2) : Interest rate swaps $ — $ 1,527 $ — $ 1,527 $ — $ 855 $ — $ 855 Interest rate options — 46 1 47 — 19 — 19 Interest rate futures and forward commitments — 3 — 3 — 3 — 3 Other contracts — 310 3 313 — 132 3 135 Total derivative liabilities $ — $ 1,886 $ 4 $ 1,890 $ — $ 1,009 $ 3 $ 1,012 _________ (1) All following disclosures related to Level 3 recurring assets do not include those deemed to be immaterial. (2) As permitted under U.S. GAAP, variation margin collateral payments made or received for derivatives that are centrally cleared are legally characterized as settled. As such, these derivative assets and derivative liabilities and the related variation margin collateral are presented on a net basis on the balance sheet. Assets and liabilities in all levels could result in volatile and material price fluctuations. Realized and unrealized gains and losses on Level 3 assets represent only a portion of the risk to market fluctuations in Regions’ consolidated balance sheets. Further, derivatives included in Levels 2 and 3 are used by ALCO in a holistic approach to managing price fluctuation risks. The following tables present an analysis for residential MSRs for the three months ended March 31, 2022 and 2021, respectively. An analysis of commercial mortgage loans held for sale is also presented for the three months ended March 31, 2022. Residential mortgage servicing rights Three Months Ended March 31 2022 2021 (In millions) Carrying value, beginning of period $ 418 $ 296 Total realized/unrealized gains (losses) included in earnings (1) 30 73 Additions 19 21 Purchases 75 11 Carrying value, end of period $ 542 $ 401 _________ (1) Included in mortgage income. Amounts presented exclude offsetting impact from related derivatives. Commercial mortgage loans held for sale Three Months Ended March 31, 2022 (In millions) Carrying value, beginning of period $ 90 Total realized/unrealized gains (losses) included in earnings (1) (3) Additions 51 Sales (126) Carrying value, end of period $ 12 _________ (1) Included in capital markets income. RECURRING FAIR VALUE MEASUREMENTS USING SIGNIFICANT UNOBSERVABLE INPUTS Residential mortgage servicing rights The significant unobservable inputs used in the fair value measurement of residential MSRs are OAS and CPR. This valuation requires generating cash flow projections over multiple interest rate scenarios and discounting those cash flows at a risk-adjusted rate. Additionally, the impact of prepayments and changes in the OAS are based on a variety of underlying inputs including servicing costs. Increases or decreases to the underlying cash flow inputs will have a corresponding impact on the value of the MSR asset. The net change in unrealized gains (losses) included in earnings related to MSRs held at period end are disclosed as the changes in valuation inputs or assumptions included in the MSR rollforward table in Note 4. Commercial mortgage loans held for sale The significant unobservable inputs used in the fair value measurement of commercial mortgage loans held for sale are credit spreads for bonds in commercial mortgage-backed securitization. Commercial mortgage loans held for sale are valued based on traded market prices for comparable commercial mortgage-backed securitizations, into which the loans will be placed, adjusted for movements of interest rates and credit spreads. Increases or decreases in credit spreads would result in an inverse impact to fair value. The following tables present detailed information regarding material assets and liabilities measured at fair value using significant unobservable inputs (Level 3) as of March 31, 2022, and December 31, 2021. The tables include the valuation techniques and the significant unobservable inputs utilized. The range of each significant unobservable input as well as the weighted-average within the range utilized at March 31, 2022, and December 31, 2021, are included. Following the tables are descriptions of the valuation techniques and the sensitivity of the techniques to changes in the significant unobservable inputs. March 31, 2022 Level 3 Estimated Fair Value at March 31, 2022 Valuation Unobservable Quantitative Range of (Dollars in millions) Recurring fair value measurements: Residential mortgage servicing rights (1) $542 Discounted cash flow Weighted-average CPR (%) 7.0% - 22.8% (9.6%) OAS (%) 3.5% - 10.9% (4.5%) _________ (1) See Note 4 for additional disclosures related to assumptions used in the fair value calculation for residential mortgage servicing rights. December 31, 2021 Level 3 Estimated Fair Value at December 31, 2021 Valuation Unobservable Quantitative Range of (Dollars in millions) Recurring fair value measurements: Residential mortgage servicing rights (1) $418 Discounted cash flow Weighted-average CPR (%) 7.2% - 22.2% (10.5%) OAS (%) 3.7% - 7.7% (4.5%) Commercial mortgage loans held for sale $90 Discounted cash flow Credit spreads for bonds in the 0.2% - 19.4% (1.3%) _________ (1) See Note 6 to the consolidated financial statements of the Annual Report on Form 10-K for the year ended December 31, 2021 for additional disclosures related to assumptions used in the fair value calculation for residential mortgage servicing rights. FAIR VALUE OPTION As discussed above, the Company elected the option to measure certain commercial mortgage loans held for sale at fair value. At March 31, 2022, the balance of these loans was immaterial. At December 31, 2021, commercial mortgage loans held for sale at fair value had both an aggregate fair value and unpaid principal balance of $90 million. The Company has elected the option to measure certain commercial and industrial loans held for sale at fair value, as these loans are actively traded in the secondary market. The Company is able to obtain fair value estimates for substantially all of these loans through a third party valuation service that is broadly used by market participants. While most of the loans are traded in the market, the volume and level of trading activity is subject to variability and the loans are not exchange-traded. The balance of these loans held for sale was immaterial at March 31, 2022 and December 31, 2021. Regions has elected the fair value option for all eligible agency residential first mortgage loans originated with the intent to sell. This election allows for a more effective offset of the changes in fair values of the loans and the derivative instruments used to economically hedge them without the burden of complying with the requirements for hedge accounting. Fair values of residential first mortgage loans held for sale are based on traded market prices of similar assets where available and/or discounted cash flows at market interest rates, adjusted for securitization activities that include servicing values and market conditions, and are recorded in loans held for sale. The following table summarizes the difference between the aggregate fair value and the aggregate unpaid principal balance for residential first mortgage loans held for sale measured at fair value: March 31, 2022 December 31, 2021 Aggregate Aggregate Aggregate Fair Aggregate Aggregate Aggregate Fair (In millions) Residential first mortgage loans held for sale, at fair value $ 479 $ 482 $ (3) $ 680 $ 659 $ 21 Interest income on mortgage loans held for sale is recognized based on contractual rates and is reflected in interest income on loans held for sale. The following table details net gains and losses resulting from changes in fair value of residential mortgage loans held for sale, which were recorded in mortgage income in the consolidated statements of income during the three months ended March 31, 2022 and 2021. These changes in fair value are mostly offset by economic hedging activities. An immaterial portion of these amounts was attributable to changes in instrument-specific credit risk. Three Months Ended March 31 2022 2021 (In millions) Net gains (losses) resulting for the change in fair value of residential first mortgage loans held for sale $ (23) $ (50) NON-RECURRING FAIR VALUE MEASUREMENTS Items measured at fair value on a non-recurring basis include loans held for sale for which the fair value option has not been elected, foreclosed property and other real estate and equity investments without a readily determinable fair value; all of which may be considered either Level 2 or Level 3 valuation measurements. Non-recurring fair value adjustments related to loans held for sale, foreclosed property and other real estate are typically a result of the application of lower of cost or fair value accounting during the period. Non-recurring fair value adjustments related to equity investments without readily determinable fair values are the result of impairments or price changes from observable transactions. The balances of each of these assets, as well as the related fair value adjustments during the periods, were immaterial at both March 31, 2022 and December 31, 2021. FAIR VALUE OF FINANCIAL INSTRUMENTS The carrying amounts and estimated fair values, as well as the level within the fair value hierarchy, of the Company’s financial instruments as of March 31, 2022 are as follows: March 31, 2022 Carrying Estimated Fair Value (1) Level 1 Level 2 Level 3 (In millions) Financial assets: Cash and cash equivalents $ 27,945 $ 27,945 $ 27,945 $ — $ — Debt securities held to maturity 864 866 — 866 — Debt securities available for sale 29,384 29,384 1,030 28,352 2 Loans held for sale 694 694 — 674 20 Loans (excluding leases), net of unearned income and allowance for loan losses (2)(3) 86,537 84,933 — — 84,933 Other earning assets (4) 1,427 1,427 584 843 — Derivative assets 1,490 1,490 — 1,480 10 Financial liabilities: Derivative liabilities 1,890 1,890 — 1,886 4 Deposits (5) 141,022 140,991 — 140,991 — Long-term borrowings 2,343 2,608 — 2,606 2 Loan commitments and letters of credit 106 106 — — 106 _________ (1) Estimated fair values are consistent with an exit price concept. The assumptions used to estimate the fair values are intended to approximate those that a market participant would use in a hypothetical orderly transaction. In estimating fair value, the Company makes adjustments for estimated changes in interest rates, market liquidity and credit spreads in the periods they are deemed to have occurred. (2) The estimated fair value of portfolio loans assumes sale of the loans to a third-party financial investor. Accordingly, the value to the Company if the loans were held to maturity is not reflected in the fair value estimate. The fair value discount on the loan portfolio's net carrying amount at March 31, 2022 was $1.6 billion or 1.9 percent. (3) Excluded from this table is the sales-type, direct financing, and leveraged lease carrying amount of $1.4 billion at March 31, 2022. (4) Excluded from this table is the operating lease carrying amount of $77 million at March 31, 2022. (5) The fair value of non-interest-bearing demand accounts, interest-bearing checking accounts, savings accounts, money market accounts and certain other time deposit accounts is the amount payable on demand at the reporting date (i.e., the carrying amount). Fair values for certificates of deposit are estimated by using discounted cash flow analyses, based on market spreads to benchmark rates. The carrying amounts and estimated fair values, as well as the level within the fair value hierarchy, of the Company's financial instruments as of December 31, 2021 are as follows: December 31, 2021 Carrying Estimated Fair Value (1) Level 1 Level 2 Level 3 (In millions) Financial assets: Cash and cash equivalents $ 29,411 $ 29,411 $ 29,411 $ — $ — Debt securities held to maturity 899 950 — 950 — Debt securities available for sale 28,481 28,481 1,132 27,347 2 Loans held for sale 1,003 1,003 — 899 104 Loans (excluding leases), net of unearned income and allowance for loan losses (2)(3) 84,866 85,086 — — 85,086 Other earning assets (4) 1,104 1,104 464 640 — Derivative assets 1,111 1,111 — 1,098 13 Financial liabilities: Derivative liabilities 1,012 1,012 — 1,009 3 Deposits (5) 139,072 139,101 — 139,101 — Long-term borrowings 2,407 2,847 — 2,845 2 Loan commitments and letters of credit 123 123 — — 123 _________ (1) Estimated fair values are consistent with an exit price concept. The assumptions used to estimate the fair values are intended to approximate those that a market participant would use in a hypothetical orderly transaction. In estimating fair value, the Company makes adjustments for estimated changes in interest rates, market liquidity and credit spreads in the periods they are deemed to have occurred. (2) The estimated fair value of portfolio loans assumes sale of the loans to a third-party financial investor. Accordingly, the value to the Company if the loans were held to maturity is not reflected in the fair value estimate. The fair value premium on the loan portfolio's net carrying amount at December 31, 2021 was $220 million or 0.3 percent. (3) Excluded from this table is the sales-type, direct financing, and leveraged lease carrying amount of $1.4 billion at December 31, 2021. (4) Excluded from this table is the operating lease carrying amount of $83 million at December 31, 2021. (5) The fair value of non-interest-bearing demand accounts, interest-bearing checking accounts, savings accounts, money market accounts and certain other time deposit accounts is the amount payable on demand at the reporting date (i.e., the carrying amount). Fair values for certificates of deposit are estimated by using discounted cash flow analyses, based on market spreads to benchmark rates. |
Business Segment Information
Business Segment Information | 3 Months Ended |
Mar. 31, 2022 | |
Segment Reporting [Abstract] | |
Business Segment Information | NOTE 10. BUSINESS SEGMENT INFORMATION Each of Regions’ reportable segments is a strategic business unit that serves specific needs of Regions’ customers based on the products and services provided. The segments are based on the manner in which management views the financial performance of the business. The Company has three reportable segments: Corporate Bank, Consumer Bank, and Wealth Management, with the remainder in Other. Additional information about the Company's reportable segments is included in Regions' Annual Report on Form 10-K for the year ended December 31, 2021. The application and development of management reporting methodologies is a dynamic process and is subject to periodic enhancements. As these enhancements are made, financial results presented by each reportable segment may be periodically revised. Accordingly, the prior period was updated to reflect these enhancements. The following tables present financial information for each reportable segment for the period indicated. Three Months Ended March 31, 2022 Corporate Bank Consumer Wealth Other Consolidated (In millions) Net interest income $ 434 $ 546 $ 35 $ — $ 1,015 Provision for (benefit from) credit losses 71 71 2 (180) (36) Non-interest income 184 304 103 (7) 584 Non-interest expense 279 557 98 (1) 933 Income before income taxes 268 222 38 174 702 Income tax expense 67 55 9 23 154 Net income $ 201 $ 167 $ 29 $ 151 $ 548 Average assets $ 60,292 $ 36,263 $ 2,139 $ 63,034 $ 161,728 Three Months Ended March 31, 2021 Corporate Bank Consumer Bank Wealth Other Consolidated (In millions) Net interest income $ 435 $ 497 $ 35 $ — $ 967 Provision for (benefit from) credit losses 77 65 3 (287) (142) Non-interest income 193 331 92 25 641 Non-interest expense 270 532 93 33 928 Income before income taxes 281 231 31 279 822 Income tax expense 70 58 7 45 180 Net income $ 211 $ 173 $ 24 $ 234 $ 642 Average assets $ 59,469 $ 34,068 $ 2,047 $ 50,970 $ 146,554 |
Commitments, Contingencies and
Commitments, Contingencies and Guarantees | 3 Months Ended |
Mar. 31, 2022 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments, Contingencies and Guarantees | NOTE 11. COMMITMENTS, CONTINGENCIES AND GUARANTEES COMMERCIAL COMMITMENTS Regions issues off-balance sheet financial instruments in connection with lending activities. The credit risk associated with these instruments is essentially the same as that involved in extending loans to customers and is subject to Regions’ normal credit approval policies and procedures. Regions measures inherent risk associated with these instruments by recording a reserve for unfunded commitments based on an assessment of the likelihood that the guarantee will be funded and the creditworthiness of the customer or counterparty. Collateral is obtained based on management’s assessment of the creditworthiness of the customer. Credit risk is represented in unused commitments to extend credit, standby letters of credit and commercial letters of credit. Refer to Note 23 "Commitments, Contingencies and Guarantees" in the Annual Report on Form 10-K for the year ended December 31, 2021 for more information regarding these instruments. Credit risk associated with these instruments is represented by the contractual amounts indicated in the following table: March 31, 2022 December 31, 2021 (In millions) Unused commitments to extend credit $ 62,258 $ 60,935 Standby letters of credit 1,813 1,779 Commercial letters of credit 92 97 Liabilities associated with standby letters of credit 30 28 Assets associated with standby letters of credit 31 29 Reserve for unfunded credit commitments 76 95 LEGAL CONTINGENCIES Regions and its subsidiaries are subject to loss contingencies related to litigation, claims, investigations and legal and administrative cases and proceedings arising in the ordinary course of business. Regions evaluates these contingencies based on information currently available, including advice of counsel. Regions establishes accruals for those matters when a loss contingency is considered probable and the related amount is reasonably estimable. Any accruals are periodically reviewed and may be adjusted as circumstances change. Some of Regions' exposure with respect to loss contingencies may be offset by applicable insurance coverage. In determining the amounts of any accruals or estimates of possible loss contingencies however, Regions does not take into account the availability of insurance coverage. To the extent that Regions has an insurance recovery, the proceeds are recorded in the period the recovery is received. When it is practicable, Regions estimates possible loss contingencies, whether or not there is an accrued probable loss. When Regions is able to estimate such possible losses, and when it is reasonably possible Regions could incur losses in excess of amounts accrued, Regions discloses the aggregate estimation of such possible losses. Regions currently estimates that it is reasonably possible that it may experience losses in excess of what Regions has accrued in an aggregate amount of up to approximately $20 million as of March 31, 2022, with it also being reasonably possible that Regions could incur no losses in excess of amounts accrued. With respect to the CFPB investigation described below, Regions believes that a loss is reasonably possible; however, the amount of such possible loss, if any, cannot currently be estimated. As available information changes, the matters for which Regions is able to estimate, as well as the estimates themselves will be adjusted accordingly. Assessments of litigation and claims exposure are difficult because they involve inherently unpredictable factors including, but not limited to, the following: whether the proceeding is in the early stages; whether damages are unspecified, unsupported, or uncertain; whether there is a potential for punitive or other pecuniary damages; whether the matter involves legal uncertainties, including novel issues of law; whether the matter involves multiple parties and/or jurisdictions; whether discovery has begun or is not complete; whether meaningful settlement discussions have commenced; and whether the lawsuit involves class allegations. Assessments of class action litigation, which is generally more complex than other types of litigation, are particularly difficult, especially in the early stages of the proceeding when it is not known whether a class will be certified or how a potential class, if certified, will be defined. As a result, Regions may be unable to estimate reasonably possible losses with respect to some of the matters disclosed below, and the aggregated estimated amount discussed above may not include an estimate for every matter disclosed below. Regions is involved in formal and informal information-gathering requests, investigations, reviews, examinations and proceedings by various governmental regulatory agencies, law enforcement authorities and self-regulatory bodies regarding Regions’ business, Regions' business practices and policies, and the conduct of persons with whom Regions does business. As previously disclosed, Regions is cooperating with an investigation by the CFPB into certain of Regions' overdraft practices and policies. Additional inquiries from such governmental regulatory agencies, law enforcement authorities and self-regulatory bodies will arise from time to time. In connection with those inquiries, Regions receives document requests, subpoenas and other requests for information. The inquiries could develop into administrative, civil or criminal proceedings or enforcement actions that could result in consequences that have a material effect on Regions' consolidated financial position, results of operations or cash flows as a whole. Such consequences could include adverse judgments, findings, settlements, penalties, fines, orders, injunctions, restitution, or alterations in our business practices, and could result in additional expenses and collateral costs, including reputational damage. While the final outcome of litigation and claims exposures or of any inquiries is inherently unpredictable, management is currently of the opinion that the outcome of pending and threatened litigation and inquiries will not have a material effect on Regions’ business, consolidated financial position, results of operations or cash flows as a whole. However, in the event of unexpected future developments, it is reasonably possible that an adverse outcome in any of the matters discussed above could be material to Regions’ business, consolidated financial position, results of operations or cash flows for any particular reporting period of occurrence. GUARANTEES FANNIE MAE LOSS SHARE GUARANTEE Regions sells commercial loans to Fannie Mae through the DUS lending program and through other platforms. The DUS program provides liquidity to the multi-family housing market. Regions services loans sold to Fannie Mae and is required to provide a loss share guarantee equal to one-third of the principal balance for the majority of the commercial servicing portfolio. At both March 31, 2022 and December 31, 2021, the Company's DUS servicing portfolio totaled approximately $4.7 billion. Regions has additional loans sold to Fannie Mae outside of the DUS program that are also subject to a loss share guarantee and at March 31, 2022 and December 31, 2021 these serviced loans totaled approximately $493 million and $400 million, respectively. Regions' maximum quantifiable contingent liability related to all loans subject to a loss share guarantee was approximately $1.7 billion at both March 31, 2022 and December 31, 2021. The Company would be liable for this amount only if all of the loans it services for Fannie Mae, for which the Company retains some risk of loss, were to default and all of the collateral underlying these loans was determined to be without value at the time of settlement. Therefore, the maximum quantifiable contingent liability is not representative of the actual loss the Company would be expected to incur. The estimated fair value of the associated loss share guarantee recorded as a liability on the Company's consolidated balance sheets was approximately $7 million at both March 31, 2022 and December 31, 2021. Refer to Note 1 "Summary of Significant Accounting Policies" in the Annual Report on Form 10-K for the year ended December 31, 2021, for additional information. |
Recent Accounting Pronouncement
Recent Accounting Pronouncements | 3 Months Ended |
Mar. 31, 2022 | |
Accounting Standards Update and Change in Accounting Principle [Abstract] | |
Recent Accounting Pronouncements | NOTE 12. RECENT ACCOUNTING PRONOUNCEMENTS Standard Description Required Date of Adoption Effect on Regions' financial statements or other significant matters Standards Adopted (or partially adopted) in 2022 ASU 2020-06, Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging— Contracts in Entity’s Own Equity (Subtopic 815-40) This Update simplifies accounting for convertible instruments by removing certain separation models. Additionally, it revises and clarifies guidance on the derivatives scope exception to make the exception easier to apply. January 1, 2022 The adoption of this guidance did not have a material impact. ASU 2021-04, Earnings Per Share (Topic 260), Debt—Modifications and Extinguishments (Subtopic 470-50), Compensation — Stock Compensation (Topic 718), and Derivatives and Hedging — Contracts in Entity’s Own Equity (Subtopic 815-40) This Update clarifies how an issuer should account for modifications made to equity-classified written call options (i.e. a warrant to purchase the issuer’s common stock). The guidance in the Update requires the issuer to treat a modification of an equity-classified warrant that does not cause the warrant to become liability-classified as an exchange of the original warrant for a new warrant. This guidance applies whether the modification is structured as an amendment to the terms and conditions of the warrant or as termination of the original warrant and issuance of a new warrant. January 1, 2022 The adoption of this guidance did not have a material impact. ASU 2021-05 Leases (Topic 842): Lessors—Certain Leases with Variable Lease Payments This Update amends the lessor lease classification guidance under ASC 842. Under the amendments, a lessor must classify a lease that includes variable lease payments that do not depend on an index or rate as an operating lease if it would otherwise be classified as a sales-type or direct financing lease and would result in the recognition of a loss at a lease commencement. The amendments address concerns raised during the FASB’s post implementation review regarding recognition of an immediate loss for these leases, as would otherwise be required. January 1, 2022 The adoption of this guidance did not have a material impact. ASU 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers The amendments in this Update require that an entity (acquirer) recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with Topic 606, Revenue from Contracts with Customers, rather than using fair value. At the acquisition date, an acquirer should account for the related revenue contracts in accordance with Topic 606 as if it had originated the contracts. January 1, 2023 The early adoption of this guidance did not have a material impact. Standard Description Required Date of Adoption Effect on Regions' financial statements or other significant matters Standards Not Yet Adopted ASU 2022-01—Derivatives and Hedging (Topic 815): Fair Value Hedging—Portfolio Layer Method This Update represents the final amended guidance to the ‘last-of-layer’ hedge model for fair value hedge relationships. The last-of-layer method allowed for essentially a single hedge for a given portfolio of only prepayable assets. The ‘portfolio layer’ method will make the hedging asset side of the balance sheet easier as it allows for more flexibility in the use of derivatives and structures that best align with management's objectives for hedging purposes. Multiple hedged layers are permitted in fair value hedge relationships for a closed portfolio of financial assets. Both prepayable and non-prepayable financial instruments may be used and included. The Update permits reclassification of debt securities from held-to-maturity to available-for-sale upon adoption with restrictions. Portfolio layer method hedging must be applied to those debt securities. Also, the decision to reclassify must be within 30 days after the date of adoption, and securities would need to be included in a closed portfolio that is designed in a portfolio layer method hedge within that 30-day period. January 1, 2023 Early adoption is permitted. Regions is evaluating the impact upon adoption; however, the impact is not expected to be material. ASU 2022-02, Financial Instruments—Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures This Update is intended to improve the decision usefulness of information provided to investors about certain loan refinancings, restructurings, and write-offs. The amendments in the Update eliminate the accounting guidance for TDRs by creditors that have adopted CECL while enhancing disclosure requirements for certain loan refinancings and restructurings by creditors made to borrowers experiencing financial difficulty. The Update also requires that a public business entity disclose current-period gross write-offs by year of origination for financing receivables and net investment in leases. The amendments in this Update should be applied prospectively, except for the transition method related to the recognition and measurement of TDRs for which there is an option to apply a modified retrospective transition method, resulting in a cumulative-effect adjustment to retained earnings in the period of adoption. January 1, 2023 Regions is evaluating the impact upon adoption; however, the impact is not expected to be material. |
Securities (Tables)
Securities (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Investments, Debt and Equity Securities [Abstract] | |
Schedule Of Amortized Cost, Gross Unrealized Gains and Losses, And Estimated Fair Value Of Debt Securities Available For Sale And Debt Securities Held To Maturity | The amortized cost, gross unrealized gains and losses, and estimated fair value of debt securities held to maturity and debt securities available for sale are as follows: March 31, 2022 Recognized in OCI (1) Not Recognized in OCI Amortized Gross Unrealized Gains Gross Unrealized Losses Carrying Value Gross Gross Estimated (In millions) Debt securities held to maturity: Mortgage-backed securities: Residential agency $ 338 $ — $ (12) $ 326 $ 2 $ (2) $ 326 Commercial agency 539 — (1) 538 4 (2) 540 $ 877 $ — $ (13) $ 864 $ 6 $ (4) $ 866 Debt securities available for sale: U.S. Treasury securities $ 1,090 $ 1 $ (61) $ 1,030 $ 1,030 Federal agency securities 713 — (13) 700 700 Obligations of states and political subdivisions 3 — — 3 3 Mortgage-backed securities: Residential agency 21,088 44 (1,035) 20,097 20,097 Residential non-agency 1 — — 1 1 Commercial agency 5,961 14 (206) 5,769 5,769 Commercial non-agency 467 — (3) 464 464 Corporate and other debt securities 1,341 7 (28) 1,320 1,320 $ 30,664 $ 66 $ (1,346) $ 29,384 $ 29,384 December 31, 2021 Recognized in OCI (1) Not Recognized in OCI Amortized Gross Unrealized Gains Gross Unrealized Losses Carrying Value Gross Gross Estimated (In millions) Debt securities held to maturity: Mortgage-backed securities: Residential agency $ 370 $ — $ (13) $ 357 $ 20 $ — $ 377 Commercial agency 543 — (1) 542 31 — 573 $ 913 $ — $ (14) $ 899 $ 51 $ — $ 950 Debt securities available for sale: U.S. Treasury securities $ 1,137 $ 2 $ (7) $ 1,132 $ 1,132 Federal agency securities 94 1 (3) 92 92 Obligations of states and political subdivisions 4 — — 4 4 Mortgage-backed securities: Residential agency 18,873 287 (198) 18,962 18,962 Residential non-agency 1 — — 1 1 Commercial agency 6,271 163 (61) 6,373 6,373 Commercial non-agency 532 4 — 536 536 Corporate and other debt securities 1,351 36 (6) 1,381 1,381 $ 28,263 $ 493 $ (275) $ 28,481 $ 28,481 _________ (1) The gross unrealized losses recognized in OCI on securities held to maturity resulted from a transfer of securities available for sale to held to maturity in the second quarter of 2013. |
Schedule Of Cost And Estimated Fair Value Of Debt Securities Available For Sale And Debt Securities Held To Maturity By Contractual Maturity | The amortized cost and estimated fair value of debt securities held to maturity and debt securities available for sale at March 31, 2022, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Amortized Estimated (In millions) Debt securities held to maturity: Mortgage-backed securities: Residential agency $ 338 $ 326 Commercial agency 539 540 $ 877 $ 866 Debt securities available for sale: Due in one year or less $ 274 $ 275 Due after one year through five years 2,043 1,991 Due after five years through ten years 718 682 Due after ten years 112 105 Mortgage-backed securities: Residential agency 21,088 20,097 Residential non-agency 1 1 Commercial agency 5,961 5,769 Commercial non-agency 467 464 $ 30,664 $ 29,384 |
Schedule Of Gross Unrealized Losses And Estimated Fair Value Of Debt Securities Available For Sale and Held to Maturity | The following tables present gross unrealized losses and the related estimated fair value of debt securities held to maturity are presented at March 31, 2022 and debt securities available for sale are presented at March 31, 2022, and December 31, 2021. For debt securities transferred to held to maturity from available for sale, the analysis in the tables below is comparing the securities' original amortized cost to its current estimated fair value; there were no unrealized losses on debt securities held to maturity using this analysis at December 31,2021. These securities are segregated between investments that have been in a continuous unrealized loss position for less than twelve months and for twelve months or more. March 31, 2022 Less Than Twelve Months Twelve Months or More Total Estimated Gross Estimated Gross Estimated Gross (In millions) Debt securities held to maturity: Mortgage-backed securities: Residential agency $ 325 $ (11) $ — $ — $ 325 $ (11) Commercial agency 62 (3) — — 62 (3) $ 387 $ (14) $ — $ — $ 387 $ (14) Debt securities available for sale: U.S. Treasury securities $ 985 $ (60) $ 8 $ (1) $ 993 $ (61) Federal agency securities 628 (6) 58 (7) 686 (13) Mortgage-backed securities: Residential agency 13,621 (580) 4,691 (455) 18,312 (1,035) Commercial agency 3,035 (103) 1,022 (103) 4,057 (206) Commercial non-agency 290 (3) — — 290 (3) Corporate and other debt securities 785 (28) — — 785 (28) $ 19,344 $ (780) $ 5,779 $ (566) $ 25,123 $ (1,346) December 31, 2021 Less Than Twelve Months Twelve Months or More Total Estimated Gross Estimated Gross Estimated Gross (In millions) Debt securities available for sale: U.S. Treasury securities $ 1,010 $ (7) $ — $ — $ 1,010 $ (7) Federal agency securities 63 (3) — — 63 (3) Mortgage-backed securities: Residential agency 9,528 (171) 686 (27) 10,214 (198) Commercial agency 1,333 (29) 760 (32) 2,093 (61) Corporate and other debt securities 444 (6) — — 444 (6) $ 12,378 $ (216) $ 1,446 $ (59) $ 13,824 $ (275) |
Schedule of Realized Gain (Loss) | Gross realized gains and gross realized losses on sales of debt securities available for sale for the three months ended March 31, 2022 are presented below. Gross realized gains and gross realized losses on sales of debt securities available for sale were immaterial for the three months ended March 31, 2021. The cost of securities sold is based on the specific identification method. As part of the Company's normal process for evaluating impairment, management did not identify any positions where impairment was believed to exist in either of the three months ended March 31, 2022 or 2021. Three Months Ended March 31, 2022 (in millions) Gross realized gains $ 17 Gross realized losses (17) Securities gains (losses), net $ — |
Loans and the Allowance for C_2
Loans and the Allowance for Credit Losses (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Receivables [Abstract] | |
Schedule of Accounts, Notes, Loans and Financing Receivable | The following table presents the distribution of Regions' loan portfolio by segment and class, net of unearned income: March 31, 2022 December 31, 2021 (In millions) Commercial and industrial $ 45,643 $ 43,758 Commercial real estate mortgage—owner-occupied 5,181 5,287 Commercial real estate construction—owner-occupied 273 264 Total commercial 51,097 49,309 Commercial investor real estate mortgage 5,557 5,441 Commercial investor real estate construction 1,607 1,586 Total investor real estate 7,164 7,027 Residential first mortgage 17,373 17,512 Home equity lines 3,602 3,744 Home equity loans 2,500 2,510 Consumer credit card 1,133 1,184 Other consumer-exit portfolio 909 1,071 Other consumer 5,557 5,427 Total consumer 31,074 31,448 Total loans, net of unearned income $ 89,335 $ 87,784 |
Analysis of the Allowance for Credit Losses by Portfolio Segment | The following tables present analyses of the allowance by portfolio segment for the three months ended March 31, 2022 and 2021. Three Months Ended March 31, 2022 Commercial Investor Real Consumer Total (In millions) Allowance for loan losses, January 1, 2022 $ 682 $ 79 $ 718 $ 1,479 Provision for (benefit from) loan losses (49) (4) 36 (17) Loan losses: Charge-offs (26) — (51) (77) Recoveries 13 — 18 31 Net loan (losses) recoveries (13) — (33) (46) Allowance for loan losses, March 31, 2022 620 75 721 1,416 Reserve for unfunded credit commitments, January 1, 2022 58 8 29 95 Provision for (benefit from) unfunded credit commitments (6) — (13) (19) Reserve for unfunded credit commitments, March 31, 2022 52 8 16 76 Allowance for credit losses, March 31, 2022 $ 672 $ 83 $ 737 $ 1,492 Three Months Ended March 31, 2021 Commercial Investor Real Consumer Total (In millions) Allowance for loan losses, January 1, 2021 $ 1,196 $ 183 $ 788 $ 2,167 Provision for (benefit from) loan losses (83) (18) (7) (108) Loan losses: Charge-offs (47) (15) (52) (114) Recoveries 16 — 15 31 Net loan (losses) recoveries (31) (15) (37) (83) Allowance for loan losses, March 31, 2021 1,082 150 744 1,976 Reserve for unfunded credit commitments, January 1, 2021 97 14 15 126 Provision for (benefit from) unfunded commitments (30) (3) (1) (34) Reserve for unfunded credit commitments, March 31, 2021 67 11 14 92 Allowance for credit losses, March 31, 2021 $ 1,149 $ 161 $ 758 $ 2,068 |
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 March 31, 2022 and December 31, 2021. 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, 2021 for more information regarding Regions' credit quality indicators. March 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 (2) $ 2,766 $ 9,954 $ 4,567 $ 3,479 $ 1,712 $ 3,985 $ 17,408 $ — $ 49 $ 43,920 Special Mention 5 66 66 99 49 79 391 — — 755 Substandard Accrual 10 82 102 45 82 19 412 — — 752 Non-accrual — 39 13 42 9 22 91 — — 216 Total commercial and industrial $ 2,781 $ 10,141 $ 4,748 $ 3,665 $ 1,852 $ 4,105 $ 18,302 $ — $ 49 $ 45,643 Commercial real estate mortgage—owner-occupied: Risk Rating: Pass $ 269 $ 1,328 $ 1,042 $ 610 $ 624 $ 982 $ 112 $ — $ (5) $ 4,962 Special Mention 1 11 41 28 17 28 1 — — 127 Substandard Accrual — 5 4 30 10 10 1 — — 60 Non-accrual 1 1 4 3 5 18 — — — 32 Total commercial real estate mortgage—owner-occupied: $ 271 $ 1,345 $ 1,091 $ 671 $ 656 $ 1,038 $ 114 $ — $ (5) $ 5,181 Commercial real estate construction—owner-occupied: Risk Rating: Pass $ 26 $ 85 $ 41 $ 18 $ 28 $ 54 $ 2 $ — $ — $ 254 Special Mention — 1 — — 2 2 — — — 5 Substandard Accrual — — — — 2 2 — — — 4 Non-accrual — — 1 1 — 8 — — — 10 Total commercial real estate construction—owner-occupied: $ 26 $ 86 $ 42 $ 19 $ 32 $ 66 $ 2 $ — $ — $ 273 Total commercial $ 3,078 $ 11,572 $ 5,881 $ 4,355 $ 2,540 $ 5,209 $ 18,418 $ — $ 44 $ 51,097 Commercial investor real estate mortgage: Risk Rating: Pass $ 553 $ 1,596 $ 870 $ 867 $ 414 $ 222 $ 510 $ — $ (5) $ 5,027 Special Mention 20 17 26 173 74 9 — — — 319 Substandard Accrual — 27 43 78 30 24 7 — — 209 Non-accrual — — — — — 2 — — — 2 Total commercial investor real estate mortgage $ 573 $ 1,640 $ 939 $ 1,118 $ 518 $ 257 $ 517 $ — $ (5) $ 5,557 Commercial investor real estate construction: Risk Rating: Pass $ 46 $ 238 $ 301 $ 311 $ 84 $ 2 $ 590 $ — $ (13) $ 1,559 Special Mention — — 16 32 — — — — — 48 Substandard Accrual — — — — — — — — — — Non-accrual — — — — — — — — — — Total commercial investor real estate construction $ 46 $ 238 $ 317 $ 343 $ 84 $ 2 $ 590 $ — $ (13) $ 1,607 Total investor real estate $ 619 $ 1,878 $ 1,256 $ 1,461 $ 602 $ 259 $ 1,107 $ — $ (18) $ 7,164 March 31, 2022 Term Loans Revolving Loans Revolving Loans Converted to Amortizing Unallocated (1) Total Origination Year 2022 2021 2020 2019 2018 Prior (In millions) Residential first mortgage: FICO scores: Above 720 $ 537 $ 4,173 $ 5,140 $ 1,021 $ 386 $ 2,889 $ — $ — $ — $ 14,146 681-720 82 407 339 92 49 346 — — — 1,315 620-680 39 237 153 65 37 322 — — — 853 Below 620 5 57 62 47 44 434 — — — 649 Data not available 5 54 47 20 6 113 9 — 156 410 Total residential first mortgage $ 668 $ 4,928 $ 5,741 $ 1,245 $ 522 $ 4,104 $ 9 $ — $ 156 $ 17,373 Home equity lines: FICO scores: Above 720 $ — $ — $ — $ — $ — $ — $ 2,658 $ 47 $ — $ 2,705 681-720 — — — — — — 370 11 — 381 620-680 — — — — — — 237 12 — 249 Below 620 — — — — — — 122 8 — 130 Data not available — — — — — — 104 5 28 137 Total home equity lines $ — $ — $ — $ — $ — $ — $ 3,491 $ 83 $ 28 $ 3,602 Home equity loans FICO scores: Above 720 $ 132 $ 526 $ 297 $ 143 $ 131 $ 730 $ — $ — $ — $ 1,959 681-720 24 76 33 20 19 89 — — — 261 620-680 8 34 13 11 12 69 — — — 147 Below 620 2 7 3 7 7 51 — — — 77 Data not available 1 2 3 3 3 26 — — 18 56 Total home equity loans $ 167 $ 645 $ 349 $ 184 $ 172 $ 965 $ — $ — $ 18 $ 2,500 Consumer credit card: FICO scores: Above 720 $ — $ — $ — $ — $ — $ — $ 641 $ — $ — $ 641 681-720 — — — — — — 232 — — 232 620-680 — — — — — — 188 — — 188 Below 620 — — — — — — 77 — — 77 Data not available — — — — — — 9 — (14) (5) Total consumer credit card $ — $ — $ — $ — $ — $ — $ 1,147 $ — $ (14) $ 1,133 Other consumer—exit portfolios FICO scores: Above 720 $ — $ — $ — $ 141 $ 274 $ 175 $ — $ — $ — $ 590 681-720 — — — 42 61 41 — — — 144 620-680 — — — 25 44 32 — — — 101 Below 620 — — — 8 26 23 — — — 57 Data not available — — — 2 4 6 — — 5 17 Total Other consumer—exit portfolios $ — $ — $ — $ 218 $ 409 $ 277 $ — $ — $ 5 $ 909 March 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: FICO scores: Above 720 $ 444 $ 1,489 $ 720 $ 460 $ 188 $ 123 $ 114 $ — $ — $ 3,538 681-720 76 394 174 109 48 32 56 — — 889 620-680 40 236 111 63 32 24 42 — — 548 Below 620 6 72 47 29 18 13 18 — — 203 Data not available 56 26 7 148 85 6 4 — 47 379 Total other consumer $ 622 $ 2,217 $ 1,059 $ 809 $ 371 $ 198 $ 234 $ — $ 47 $ 5,557 Total consumer loans $ 1,457 $ 7,790 $ 7,149 $ 2,456 $ 1,474 $ 5,544 $ 4,881 $ 83 $ 240 $ 31,074 Total Loans $ 5,154 $ 21,240 $ 14,286 $ 8,272 $ 4,616 $ 11,012 $ 24,406 $ 83 $ 266 $ 89,335 December 31, 2021 Term Loans Revolving Loans Revolving Loans Converted to Amortizing Unallocated (1) Total Origination Year 2021 2020 2019 2018 2017 Prior (In millions) Commercial and industrial: Risk Rating: Pass (2) $ 11,098 $ 5,231 $ 3,711 $ 1,781 $ 1,625 $ 2,611 $ 15,794 $ — $ (60) $ 41,791 Special Mention 54 43 177 147 25 77 383 — — 906 Substandard Accrual 83 76 57 90 17 12 421 — — 756 Non-accrual 70 22 45 9 11 15 133 — — 305 Total commercial and industrial $ 11,305 $ 5,372 $ 3,990 $ 2,027 $ 1,678 $ 2,715 $ 16,731 $ — $ (60) $ 43,758 Commercial real estate mortgage—owner-occupied: Risk Rating: Pass $ 1,404 $ 1,095 $ 671 $ 663 $ 381 $ 724 $ 122 $ — $ (7) $ 5,053 Special Mention 7 48 12 11 12 16 1 — — 107 Substandard Accrual 3 8 34 11 6 12 1 — — 75 Non-accrual 3 6 7 10 12 14 — — — 52 Total commercial real estate mortgage—owner-occupied: $ 1,417 $ 1,157 $ 724 $ 695 $ 411 $ 766 $ 124 $ — $ (7) $ 5,287 Commercial real estate construction—owner-occupied: Risk Rating: Pass $ 68 $ 61 $ 24 $ 30 $ 20 $ 42 $ 1 $ — $ — $ 246 Special Mention — — — 2 1 2 — — — 5 Substandard Accrual — — — 2 — — — — — 2 Non-accrual 1 1 — — 1 8 — — — 11 Total commercial real estate construction—owner-occupied: $ 69 $ 62 $ 24 $ 34 $ 22 $ 52 $ 1 $ — $ — $ 264 Total commercial $ 12,791 $ 6,591 $ 4,738 $ 2,756 $ 2,111 $ 3,533 $ 16,856 $ — $ (67) $ 49,309 December 31, 2021 Term Loans Revolving Loans Revolving Loans Converted to Amortizing Unallocated (1) Total Origination Year 2021 2020 2019 2018 2017 Prior (In millions) Commercial investor real estate mortgage: Risk Rating: Pass $ 1,783 $ 808 $ 900 $ 580 $ 144 $ 95 $ 487 $ — $ (4) $ 4,793 Special Mention 23 84 223 21 1 9 — — — 361 Substandard Accrual 52 85 94 31 15 — 7 — — 284 Non-accrual — — — 1 — 2 — — — 3 Total commercial investor real estate mortgage $ 1,858 $ 977 $ 1,217 $ 633 $ 160 $ 106 $ 494 $ — $ (4) $ 5,441 Commercial investor real estate construction: Risk Rating: Pass $ 135 $ 343 $ 404 $ 82 $ 1 $ 1 $ 593 $ — $ (11) $ 1,548 Special Mention — 12 26 — — — — — — 38 Substandard Accrual — — — — — — — — — — Non-accrual — — — — — — — — — — Total commercial investor real estate construction $ 135 $ 355 $ 430 $ 82 $ 1 $ 1 $ 593 $ — $ (11) $ 1,586 Total investor real estate $ 1,993 $ 1,332 $ 1,647 $ 715 $ 161 $ 107 $ 1,087 $ — $ (15) $ 7,027 Residential first mortgage: FICO scores: Above 720 $ 4,020 $ 5,280 $ 1,106 $ 426 $ 612 $ 2,601 $ — $ — $ — $ 14,045 681-720 449 366 108 57 69 353 — — — 1,402 620-680 246 161 78 50 44 378 — — — 957 Below 620 39 58 49 47 47 451 — — — 691 Data not available 56 46 20 7 11 111 9 — 157 417 Total residential first mortgage $ 4,810 $ 5,911 $ 1,361 $ 587 $ 783 $ 3,894 $ 9 $ — $ 157 $ 17,512 Home equity lines: FICO scores: Above 720 $ — $ — $ — $ — $ — $ — $ 2,761 $ 49 $ — $ 2,810 681-720 — — — — — — 380 12 — 392 620-680 — — — — — — 254 11 — 265 Below 620 — — — — — — 132 8 — 140 Data not available — — — — — — 105 5 27 137 Total home equity lines $ — $ — $ — $ — $ — $ — $ 3,632 $ 85 $ 27 $ 3,744 Home equity loans FICO scores: Above 720 $ 544 $ 320 $ 155 $ 144 $ 217 $ 588 $ — $ — $ — $ 1,968 681-720 82 35 26 22 23 71 — — — 259 620-680 34 14 13 12 15 59 — — — 147 Below 620 6 3 6 7 11 46 — — — 79 Data not available 2 3 3 4 5 22 — — 18 57 Total home equity loans $ 668 $ 375 $ 203 $ 189 $ 271 $ 786 $ — $ — $ 18 $ 2,510 December 31, 2021 Term Loans Revolving Loans Revolving Loans Converted to Amortizing Unallocated (1) Total Origination Year 2021 2020 2019 2018 2017 Prior (In millions) Consumer Credit Card FICO scores: Above 720 $ — $ — $ — $ — $ — $ — $ 675 $ — $ — $ 675 681-720 — — — — — — 240 — — 240 620-680 — — — — — — 194 — — 194 Below 620 — — — — — — 81 — — 81 Data not available — — — — — — 8 — (14) (6) Total consumer credit card $ — $ — $ — $ — $ — $ — $ 1,198 $ — $ (14) $ 1,184 Other consumer—exit portfolios FICO scores: Above 720 $ — $ — $ 157 $ 318 $ 135 $ 81 $ — $ — $ — $ 691 681-720 — — 47 71 32 20 — — — 170 620-680 — — 28 50 24 17 — — — 119 Below 620 — — 10 31 16 13 — — — 70 Data not available — — 2 5 4 3 — — 7 21 Total other consumer—exit portfolios $ — $ — $ 244 $ 475 $ 211 $ 134 $ — $ — $ 7 $ 1,071 Other consumer: FICO scores: Above 720 $ 1,555 $ 844 $ 543 $ 222 $ 66 $ 76 $ 116 $ — $ — $ 3,422 681-720 381 203 131 58 19 18 56 — — 866 620-680 232 125 72 37 15 13 40 — — 534 Below 620 66 50 33 20 8 7 17 — — 201 Data not available 62 7 156 91 4 4 2 — 78 404 Total other consumer $ 2,296 $ 1,229 $ 935 $ 428 $ 112 $ 118 $ 231 $ — $ 78 $ 5,427 Total consumer loans $ 7,774 $ 7,515 $ 2,743 $ 1,679 $ 1,377 $ 4,932 $ 5,070 $ 85 $ 273 $ 31,448 Total Loans $ 22,558 $ 15,438 $ 9,128 $ 5,150 $ 3,649 $ 8,572 $ 23,013 $ 85 $ 191 $ 87,784 _________ (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. |
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 March 31, 2022 and December 31, 2021. Loans on non-accrual status with no related allowance totaled $69 million and $127 million, of commercial loans, as of March 31, 2022 and December 31, 2021, respectively. 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. March 31, 2022 Accrual Loans 30-59 DPD 60-89 DPD 90+ DPD Total Total Non-accrual Total (In millions) Commercial and industrial $ 26 $ 11 $ 5 $ 42 $ 45,427 $ 216 $ 45,643 Commercial real estate mortgage—owner-occupied 5 1 1 7 5,149 32 5,181 Commercial real estate construction—owner-occupied — 1 — 1 263 10 273 Total commercial 31 13 6 50 50,839 258 51,097 Commercial investor real estate mortgage 16 — — 16 5,555 2 5,557 Commercial investor real estate construction — — — — 1,607 — 1,607 Total investor real estate 16 — — 16 7,162 2 7,164 Residential first mortgage 65 32 98 195 17,342 31 17,373 Home equity lines 12 8 19 39 3,565 37 3,602 Home equity loans 8 4 11 23 2,493 7 2,500 Consumer credit card 8 5 12 25 1,133 — 1,133 Other consumer—exit portfolios 8 3 2 13 909 — 909 Other consumer 31 14 14 59 5,557 — 5,557 Total consumer 132 66 156 354 30,999 75 31,074 $ 179 $ 79 $ 162 $ 420 $ 89,000 $ 335 $ 89,335 December 31, 2021 Accrual Loans 30-59 DPD 60-89 DPD 90+ DPD Total Total Non-accrual Total (In millions) Commercial and industrial $ 35 $ 29 $ 5 $ 69 $ 43,453 $ 305 $ 43,758 Commercial real estate mortgage—owner-occupied 3 1 1 5 5,235 52 5,287 Commercial real estate construction—owner-occupied — — — — 253 11 264 Total commercial 38 30 6 74 48,941 368 49,309 Commercial investor real estate mortgage — — — — 5,438 3 5,441 Commercial investor real estate construction — — — — 1,586 — 1,586 Total investor real estate — — — — 7,024 3 7,027 Residential first mortgage 73 31 123 227 17,479 33 17,512 Home equity lines 15 6 21 42 3,704 40 3,744 Home equity loans 7 4 12 23 2,503 7 2,510 Consumer credit card 9 6 12 27 1,184 — 1,184 Other consumer—exit portfolios 10 4 2 16 1,071 — 1,071 Other consumer 31 15 13 59 5,427 — 5,427 Total consumer 145 66 183 394 31,368 80 31,448 $ 183 $ 96 $ 189 $ 468 $ 87,333 $ 451 $ 87,784 |
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 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 March 31, 2022 Financial Impact Number of Recorded Increase in (Dollars in millions) Commercial and industrial 10 $ 37 $ — Commercial real estate mortgage—owner-occupied 3 2 — Commercial real estate construction—owner-occupied — — — Total commercial 13 39 — Commercial investor real estate mortgage 1 8 — Commercial investor real estate construction — — — Total investor real estate 1 8 — Residential first mortgage 357 52 3 Home equity lines 22 2 1 Home equity loans 42 3 — Consumer credit card 2 — — Other consumer—exit portfolios — — — Other consumer 2 — — Total consumer 425 57 4 439 $ 104 $ 4 Three Months Ended March 31, 2021 Financial Impact Number of Recorded Increase in (Dollars in millions) Commercial and industrial 26 $ 30 $ — Commercial real estate mortgage—owner-occupied 6 1 — Commercial real estate construction—owner-occupied — — — Total commercial 32 31 — Commercial investor real estate mortgage 2 7 — Commercial investor real estate construction — — — Total investor real estate 2 7 — Residential first mortgage 175 35 3 Home equity lines 2 — — Home equity loans 1 — — Consumer credit card — — — Other consumer—exit portfolios — — — Other consumer 48 1 — Total consumer 226 36 3 260 $ 74 $ 3 |
Servicing of Financial Assets (
Servicing of Financial Assets (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Transfers and Servicing of Financial Assets [Abstract] | |
Schedule of Residential Mortgage Servicing Rights Under The Fair Value Measurement Method | The table below presents an analysis of residential MSRs under the fair value measurement method: Three Months Ended March 31 2022 2021 (In millions) Carrying value, beginning of period $ 418 $ 296 Additions 19 21 Purchases (1) 75 11 Increase (decrease) in fair value: Due to change in valuation inputs or assumptions 47 90 Economic amortization associated with borrower repayments (2) (17) (17) Carrying value, end of period $ 542 $ 401 ________ (1) Purchases of residential MSRs can be structured with cash hold back provisions, therefore the timing of payment may be made in future periods. (2) Economic amortization associated with borrower repayments" includes both total loan payoffs as well as partial paydowns. Regions' MSR decay methodology is a discounted net cash flow approach. |
Data And Assumptions Used In The Fair Value Calculation As Well As The Valuation's Sensitivity To Rate Fluctuations Related To Residential Mortgage Servicing Rights | Data and assumptions used in the fair value calculation, as well as the valuation’s sensitivity to rate fluctuations, related to residential MSRs (excluding related derivative instruments) are as follows: March 31 2022 2021 (Dollars in millions) Unpaid principal balance $ 41,639 $ 34,212 Weighted-average CPR (%) 9.6 % 10.2 % Estimated impact on fair value of a 10% increase $ (48) $ (28) Estimated impact on fair value of a 20% increase $ (78) $ (51) Option-adjusted spread (basis points) 445 564 Estimated impact on fair value of a 10% increase $ (10) $ (10) Estimated impact on fair value of a 20% increase $ (21) $ (21) Weighted-average coupon interest rate 3.5 % 3.8 % Weighted-average remaining maturity (months) 299 289 Weighted-average servicing fee (basis points) 27.4 27.5 |
Schedule Of Fees Resulting From The Servicing Of Residential Mortgage Loans | The following table presents servicing related fees, which includes contractually specified servicing fees, late fees and other ancillary income resulting from the servicing of residential mortgage loans: Three Months Ended March 31 2022 2021 (In millions) Servicing related fees and other ancillary income $ 27 $ 24 |
Servicing Asset at Amortized Cost | The table below presents an analysis of commercial MSRs under the amortization measurement method: Three Months Ended March 31 2022 2021 (In millions) Carrying value, beginning of period $ 86 $ 74 Additions — 11 Economic amortization associated with borrower repayments (1) (4) (3) Carrying value, end of period $ 82 $ 82 ________ (1) "Economic amortization associated with borrower repayments" includes both total loan payoffs as well as partial paydowns. |
Servicing related fee for Commercial Mortgage Banking | The following table presents servicing related fees, which includes contractually specified servicing fees, late fees and other ancillary income resulting from the servicing of commercial mortgage loans: Three Months Ended March 31 2022 2021 (In millions) Servicing related fees and other ancillary income $ 7 $ 5 |
Stockholders' Equity and Accu_2
Stockholders' Equity and Accumulated Other Comprehensive Income (Loss) (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Equity [Abstract] | |
Summary of the non-cumulative perpetual preferred stock | The following table presents a summary of the non-cumulative perpetual preferred stock: March 31, 2022 December 31, 2021 Issuance Date Earliest Redemption Date Dividend Rate (1) Liquidation Amount Liquidation Preference per Share Liquidation preference per Depositary Share Ownership Interest per Depositary Share Carrying Amount Carrying Amount Series B 4/29/2014 9/15/2024 6.375 % (2) $ 500 1,000 25 1/40th $ 433 $ 433 Series C 4/30/2019 5/15/2029 5.700 % (3) 500 1,000 25 1/40th 490 490 Series D 6/5/2020 9/15/2025 5.750 % (4) 350 100,000 1,000 1/100th 346 346 Series E 5/4/2021 6/15/2026 4.450 % 400 1,000 25 1/40th 390 390 $ 1,750 $ 1,659 $ 1,659 _________ (1) Dividends on all series of preferred stock, if declared, accrue and are payable quarterly in arrears. (2) Dividends, if declared, will be paid quarterly at an annual rate equal to (i) for each period beginning prior to September 15, 2024, 6.375%, and (ii) for each period beginning on or after September 15, 2024, three-month LIBOR plus 3.536%. (3) Dividends, if declared, will be paid quarterly at an annual rate equal to (i) for each period beginning prior to August 15, 2029, 5.700%, and (ii) for each period beginning on or after August 15, 2029, three-month LIBOR plus 3.148%. |
Schedule of Accumulated Other Comprehensive Income (Loss) | The following tables present the balances and activity in AOCI on a pre-tax and net of tax basis for the three months ended March 31, 2022 and 2021: Three Months Ended March 31, 2022 Pre-tax AOCI Activity Tax Effect (1) Net AOCI Activity (In millions) Total accumulated other comprehensive income (loss), beginning of period $ 387 $ (98) $ 289 Unrealized losses on securities transferred to held to maturity: Beginning balance $ (14) $ 3 $ (11) Reclassification adjustments for amortization of unrealized losses (2) 1 — 1 Ending balance $ (13) $ 3 $ (10) Unrealized gains (losses) on securities available for sale: Beginning balance $ 218 $ (55) $ 163 Unrealized gains (losses) arising during the period (1,498) 381 (1,117) Ending balance $ (1,280) $ 326 $ (954) Unrealized gains (losses) on derivative instruments designated as cash flow hedges: Beginning balance $ 830 $ (209) $ 621 Unrealized holding gains (losses) on derivatives arising during the period (417) 106 (311) Reclassification adjustments for (gains) losses realized in net income (2) (110) 28 (82) Change in AOCI from derivative activity in the period (527) 134 (393) Ending balance $ 303 $ (75) $ 228 Defined benefit pension plans and other post employment benefit plans: Beginning balance $ (647) $ 163 $ (484) Reclassification adjustments for amortization of actuarial gains (losses) and settlements realized in net income (4) 8 (2) 6 Ending balance $ (639) $ 161 $ (478) Total other comprehensive income (loss) (2,016) 513 (1,503) Total accumulated other comprehensive income (loss), end of period $ (1,629) $ 415 $ (1,214) Three Months Ended March 31, 2021 Pre-tax AOCI Activity Tax Effect (1) Net AOCI Activity (In millions) Total accumulated other comprehensive income (loss), beginning of period $ 1,759 $ (444) $ 1,315 Unrealized losses on securities transferred to held to maturity: Beginning balance $ (21) $ 5 $ (16) Reclassification adjustments for amortization of unrealized losses (2) 3 (1) 2 Ending balance $ (18) $ 4 $ (14) Unrealized gains (losses) on securities available for sale: Beginning balance $ 1,062 $ (268) $ 794 Unrealized gains (losses) arising during the period (548) 138 (410) Reclassification adjustments for securities (gains) losses realized in net income (3) (1) — (1) Change in AOCI from securities available for sale activity in the period (549) 138 (411) Ending balance $ 513 $ (130) $ 383 Unrealized gains (losses) on derivative instruments designated as cash flow hedges: Beginning balance $ 1,610 $ (406) $ 1,204 Unrealized holding gains (losses) on derivatives arising during the period (331) 83 (248) Reclassification adjustments for (gains) losses realized in net income (2) (102) 26 (76) Change in AOCI from derivative activity in the period (433) 109 (324) Ending balance $ 1,177 $ (297) $ 880 Defined benefit pension plans and other post employment benefit plans: Beginning balance $ (892) $ 225 $ (667) Reclassification adjustments for amortization of actuarial gains (losses) and settlements realized in net income (4) 13 (3) 10 Ending balance $ (879) $ 222 $ (657) Total other comprehensive income (loss) (966) 243 (723) Total accumulated other comprehensive income (loss), end of period $ 793 $ (201) $ 592 _________ (1) The impact of all AOCI activity is shown net of the related tax impact, calculated using an effective tax rate of approximately 25%. (2) Reclassification amount is recognized in net interest income in the consolidated statements of income. (3) Reclassification amount is recognized in securities gains (losses), net in the consolidated statements of income. (4) Reclassification amount is recognized in other non-interest expense in the consolidated statements of income. Additionally, these accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost (see Note 7 for additional details). |
Earnings Per Common Share (Tabl
Earnings Per Common Share (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Earnings Per Share [Abstract] | |
Schedule of Earnings Per Share, Basic and Diluted | The following table sets forth the computation of basic earnings per common share and diluted earnings per common share: Three Months Ended March 31 2022 2021 (In millions, except per share amounts) Numerator: Net income $ 548 $ 642 Preferred stock dividends and other (24) (28) Net income available to common shareholders $ 524 $ 614 Denominator: Weighted-average common shares outstanding—basic 938 961 Potential common shares 9 7 Weighted-average common shares outstanding—diluted 947 968 Earnings per common share: Basic $ 0.56 $ 0.64 Diluted 0.55 0.63 |
Pension and Other Postretirem_2
Pension and Other Postretirement Benefits (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract] | |
Schedule of Net Periodic Pension Cost | Net periodic pension cost (credit) includes the following components: Qualified Plans Non-qualified Plans Total Three Months Ended March 31 2022 2021 2022 2021 2022 2021 (In millions) Service cost $ 9 $ 9 $ — $ 1 $ 9 $ 10 Interest cost 14 12 1 1 15 13 Expected return on plan assets (35) (35) — — (35) (35) Amortization of actuarial loss 6 11 2 2 8 13 Net periodic pension cost (credit) $ (6) $ (3) $ 3 $ 4 $ (3) $ 1 |
Derivative Financial Instrume_2
Derivative Financial Instruments and Hedging Activities (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Schedule Of Derivative Instruments Notional And Fair Values | The following tables present the notional amount and estimated fair value of derivative instruments on a gross basis. March 31, 2022 December 31, 2021 Notional Estimated Fair Value Notional Estimated Fair Value Gain (1) Loss (1) Gain (1) Loss (1) (In millions) Derivatives in fair value hedging relationships: Interest rate swaps $ 7,900 $ 22 $ 98 $ 7,900 $ — $ 32 Derivatives in cash flow hedging relationships: Interest rate swaps (2) 24,850 36 344 20,650 171 29 Total derivatives designated as hedging instruments $ 32,750 $ 58 $ 442 $ 28,550 $ 171 $ 61 Derivatives not designated as hedging instruments: Interest rate swaps $ 81,886 $ 1,006 $ 1,085 $ 81,327 $ 748 $ 794 Interest rate options 16,740 73 47 15,990 48 19 Interest rate futures and forward commitments 2,281 29 3 2,739 11 3 Other contracts 9,988 324 313 9,456 133 135 Total derivatives not designated as hedging instruments $ 110,895 $ 1,432 $ 1,448 $ 109,512 $ 940 $ 951 Total derivatives $ 143,645 $ 1,490 $ 1,890 $ 138,062 $ 1,111 $ 1,012 Total gross derivative instruments, before netting $ 1,490 $ 1,890 $ 1,111 $ 1,012 Less: Netting adjustments (3) 1,173 1,283 699 932 Total gross derivative instruments, after netting $ 317 $ 607 $ 412 $ 80 _________ (1) Derivatives in a gain position are recorded as other assets and derivatives in a loss position are recorded as other liabilities on the consolidated balance sheets. (2) Includes accrued interest of $13 million at March 31, 2022 and $12 million at December 31, 2021. |
Schedule of Discontinued Cash Flow Hedges | The following table presents the pre-tax impact of previously terminated cash flow hedges on AOCI. The balance of terminated cash flow hedges in AOCI will be amortized into earnings through 2026. Three Months Ended March 31 2022 2021 (In millions) Unrealized gains on terminated hedges included in AOCI- beginning of period $ 700 $ 121 Unrealized gains on terminated hedges arising during the period — 166 Reclassification adjustments for amortization of unrealized (gains) into net income (76) (8) Unrealized gains on terminated hedges included in AOCI - end of period $ 624 $ 279 |
Schedule Of Effect Of Hedging Derivative Instruments On Statements Of Operations | The following tables present the effect of hedging derivative instruments on the consolidated statements of income and the total amounts for the respective line items effected: Three Months Ended March 31, 2022 Interest Income Interest Expense Debt Securities Loans, Including Fees Long-term Borrowings (In millions) Total income (expense) presented in the consolidated statements of income $ 138 $ 876 (24 ) Gains/(losses) on fair value hedging relationships: Interest rate contracts: Amounts related to interest settlements on derivatives $ — $ — $ 1 Recognized on derivatives 22 — (64) Recognized on hedged items (22) — 64 Net income recognized on fair value hedges $ — $ — $ 1 Gains/(losses) on cash flow hedging relationships: (1) Interest rate contracts: Realized gains (losses) reclassified from AOCI into net income (2) $ — $ 110 $ — Income (expense) recognized on cash flow hedges $ — $ 110 $ — Three Months Ended March 31, 2021 Interest Income Interest Expense Loans, Including Fees Long-term Borrowings (In millions) Total income (expense) presented in the consolidated statements of income $ 854 (27 ) Gains/(losses) on fair value hedging relationships: Interest rate contracts: Amounts related to interest settlements on derivatives $ — $ 7 Recognized on derivatives — (22) Recognized on hedged items — 22 Net income recognized on fair value hedges $ — $ 7 Gains/(losses) on cash flow hedging relationships: (1) Interest rate contracts: Realized gains (losses) reclassified from AOCI into net income (2) $ 102 $ — Income (expense) recognized on cash flow hedges $ 102 $ — ___ (1) See Note 5 for gain or (loss) recognized for cash flow hedges in AOCI. (2) Pre-tax. |
Schedule of Fair Value Hedging Basis Adjustments | The following tables present the carrying amount and associated cumulative basis adjustment related to the application of hedge accounting that is included in the carrying amount of hedged assets and liabilities in fair value hedging relationships. March 31, 2022 December 31, 2021 Hedged Items Currently Designated Hedged Items Currently Designated Carrying Amount of Assets/(Liabilities) Hedge Accounting Basis Adjustment Carrying Amount of Assets/(Liabilities) Hedge Accounting Basis Adjustment (In millions) Debt securities available for sale (1)(2) $ 9,443 $ (22) $ 9,901 $ — Long-term borrowings (1,298) 98 (1,363) 34 ______ (1) Carrying amount represents amortized cost. (2) In the fourth quarter of 2021, the Company designated interest rate swaps as fair value hedges of debt securities available for sale under the last-of-layer method, which are included in this amount. At both March 31, 2022 and December 31, 2021, the Company had designated $5.8 billion as the hedged amount from a closed portfolio of prepayable financial assets with an associated carrying amount of $8.7 billion at March 31, 2022 and $9.1 billion at December 31, 2021. |
Schedule of Gains (Losses) Recognized Related to Derivatives Not Designated as Hedging Instruments | The following table presents the location and amount of gain or (loss) recognized in income on derivatives not designated as hedging instruments in the consolidated statements of income for the periods presented below: Three Months Ended March 31 Derivatives Not Designated as Hedging Instruments 2022 2021 (In millions) Capital markets income: Interest rate swaps $ 31 $ 23 Interest rate options 11 15 Interest rate futures and forward commitments (4) 9 Other contracts 3 5 Total capital markets income 41 52 Mortgage income: Interest rate swaps (46) (67) Interest rate options (10) (13) Interest rate futures and forward commitments 16 30 Total mortgage income (40) (50) $ 1 $ 2 |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Fair Value Disclosures [Abstract] | |
Schedule Of Assets And Liabilities At Fair Value Measured On A Recurring Basis And Non-Recurring Basis | The following table presents assets and liabilities measured at estimated fair value on a recurring basis: March 31, 2022 December 31, 2021 Level 1 Level 2 Level 3 (1) Total Estimated Fair Value Level 1 Level 2 Level 3 (1) Total Estimated Fair Value (In millions) Recurring fair value measurements Debt securities available for sale: U.S. Treasury securities $ 1,030 $ — $ — $ 1,030 $ 1,132 $ — $ — $ 1,132 Federal agency securities — 700 — 700 — 92 — 92 Obligations of states and political subdivisions — 3 — 3 — 4 — 4 Mortgage-backed securities (MBS): Residential agency — 20,097 — 20,097 — 18,962 — 18,962 Residential non-agency — — 1 1 — — 1 1 Commercial agency — 5,769 — 5,769 — 6,373 — 6,373 Commercial non-agency — 464 — 464 — 536 — 536 Corporate and other debt securities — 1,319 1 1,320 — 1,380 1 1,381 Total debt securities available for sale $ 1,030 $ 28,352 $ 2 $ 29,384 $ 1,132 $ 27,347 $ 2 $ 28,481 Loans held for sale $ — $ 495 $ 12 $ 507 $ — $ 693 $ 90 $ 783 Marketable equity securities $ 584 $ — $ — $ 584 $ 464 $ — $ — $ 464 Residential mortgage servicing rights $ — $ — $ 542 $ 542 $ — $ — $ 418 $ 418 Derivative assets (2) : Interest rate swaps $ — $ 1,064 $ — $ 1,064 $ — $ 919 $ — $ 919 Interest rate options — 63 10 73 — 36 12 48 Interest rate futures and forward commitments — 29 — 29 — 11 — 11 Other contracts — 324 — 324 — 132 1 133 Total derivative assets $ — $ 1,480 $ 10 $ 1,490 $ — $ 1,098 $ 13 $ 1,111 Derivative liabilities (2) : Interest rate swaps $ — $ 1,527 $ — $ 1,527 $ — $ 855 $ — $ 855 Interest rate options — 46 1 47 — 19 — 19 Interest rate futures and forward commitments — 3 — 3 — 3 — 3 Other contracts — 310 3 313 — 132 3 135 Total derivative liabilities $ — $ 1,886 $ 4 $ 1,890 $ — $ 1,009 $ 3 $ 1,012 _________ (1) All following disclosures related to Level 3 recurring assets do not include those deemed to be immaterial. |
Rollforward For Assets And Liabilities Measured At Fair Value On A Recurring Basis With Level 3 Significant Unobservable Inputs | The following tables present an analysis for residential MSRs for the three months ended March 31, 2022 and 2021, respectively. An analysis of commercial mortgage loans held for sale is also presented for the three months ended March 31, 2022. Residential mortgage servicing rights Three Months Ended March 31 2022 2021 (In millions) Carrying value, beginning of period $ 418 $ 296 Total realized/unrealized gains (losses) included in earnings (1) 30 73 Additions 19 21 Purchases 75 11 Carrying value, end of period $ 542 $ 401 _________ (1) Included in mortgage income. Amounts presented exclude offsetting impact from related derivatives. Commercial mortgage loans held for sale Three Months Ended March 31, 2022 (In millions) Carrying value, beginning of period $ 90 Total realized/unrealized gains (losses) included in earnings (1) (3) Additions 51 Sales (126) Carrying value, end of period $ 12 _________ (1) Included in capital markets income. |
Summary Of Quantitative Information About Level 3 Measurements | The following tables present detailed information regarding material assets and liabilities measured at fair value using significant unobservable inputs (Level 3) as of March 31, 2022, and December 31, 2021. The tables include the valuation techniques and the significant unobservable inputs utilized. The range of each significant unobservable input as well as the weighted-average within the range utilized at March 31, 2022, and December 31, 2021, are included. Following the tables are descriptions of the valuation techniques and the sensitivity of the techniques to changes in the significant unobservable inputs. March 31, 2022 Level 3 Estimated Fair Value at March 31, 2022 Valuation Unobservable Quantitative Range of (Dollars in millions) Recurring fair value measurements: Residential mortgage servicing rights (1) $542 Discounted cash flow Weighted-average CPR (%) 7.0% - 22.8% (9.6%) OAS (%) 3.5% - 10.9% (4.5%) _________ (1) See Note 4 for additional disclosures related to assumptions used in the fair value calculation for residential mortgage servicing rights. December 31, 2021 Level 3 Estimated Fair Value at December 31, 2021 Valuation Unobservable Quantitative Range of (Dollars in millions) Recurring fair value measurements: Residential mortgage servicing rights (1) $418 Discounted cash flow Weighted-average CPR (%) 7.2% - 22.2% (10.5%) OAS (%) 3.7% - 7.7% (4.5%) Commercial mortgage loans held for sale $90 Discounted cash flow Credit spreads for bonds in the 0.2% - 19.4% (1.3%) _________ (1) See Note 6 to the consolidated financial statements of the Annual Report on Form 10-K for the year ended December 31, 2021 for additional disclosures related to assumptions used in the fair value calculation for residential mortgage servicing rights. |
Fair Value Option, Fair Value and Unpaid Principal Balance | The following table summarizes the difference between the aggregate fair value and the aggregate unpaid principal balance for residential first mortgage loans held for sale measured at fair value: March 31, 2022 December 31, 2021 Aggregate Aggregate Aggregate Fair Aggregate Aggregate Aggregate Fair (In millions) Residential first mortgage loans held for sale, at fair value $ 479 $ 482 $ (3) $ 680 $ 659 $ 21 Interest income on mortgage loans held for sale is recognized based on contractual rates and is reflected in interest income on loans held for sale. The following table details net gains and losses resulting from changes in fair value of residential mortgage loans held for sale, which were recorded in mortgage income in the consolidated statements of income during the three months ended March 31, 2022 and 2021. These changes in fair value are mostly offset by economic hedging activities. An immaterial portion of these amounts was attributable to changes in instrument-specific credit risk. Three Months Ended March 31 2022 2021 (In millions) Net gains (losses) resulting for the change in fair value of residential first mortgage loans held for sale $ (23) $ (50) NON-RECURRING FAIR VALUE MEASUREMENTS Items measured at fair value on a non-recurring basis include loans held for sale for which the fair value option has not been elected, foreclosed property and other real estate and equity investments without a readily determinable fair value; all of which may be considered either Level 2 or Level 3 valuation measurements. Non-recurring fair value adjustments related to loans held for sale, foreclosed property and other real estate are typically a result of the application of lower of cost or fair value accounting during the period. Non-recurring fair value adjustments related to equity investments without readily determinable fair values are the result of impairments or price changes from observable transactions. The balances of each of these assets, as well as the related fair value adjustments during the periods, were immaterial at both March 31, 2022 and December 31, 2021. FAIR VALUE OF FINANCIAL INSTRUMENTS |
Schedule Of Carrying Amounts And Estimated Fair Values Of Financial Instruments | The carrying amounts and estimated fair values, as well as the level within the fair value hierarchy, of the Company’s financial instruments as of March 31, 2022 are as follows: March 31, 2022 Carrying Estimated Fair Value (1) Level 1 Level 2 Level 3 (In millions) Financial assets: Cash and cash equivalents $ 27,945 $ 27,945 $ 27,945 $ — $ — Debt securities held to maturity 864 866 — 866 — Debt securities available for sale 29,384 29,384 1,030 28,352 2 Loans held for sale 694 694 — 674 20 Loans (excluding leases), net of unearned income and allowance for loan losses (2)(3) 86,537 84,933 — — 84,933 Other earning assets (4) 1,427 1,427 584 843 — Derivative assets 1,490 1,490 — 1,480 10 Financial liabilities: Derivative liabilities 1,890 1,890 — 1,886 4 Deposits (5) 141,022 140,991 — 140,991 — Long-term borrowings 2,343 2,608 — 2,606 2 Loan commitments and letters of credit 106 106 — — 106 _________ (1) Estimated fair values are consistent with an exit price concept. The assumptions used to estimate the fair values are intended to approximate those that a market participant would use in a hypothetical orderly transaction. In estimating fair value, the Company makes adjustments for estimated changes in interest rates, market liquidity and credit spreads in the periods they are deemed to have occurred. (2) The estimated fair value of portfolio loans assumes sale of the loans to a third-party financial investor. Accordingly, the value to the Company if the loans were held to maturity is not reflected in the fair value estimate. The fair value discount on the loan portfolio's net carrying amount at March 31, 2022 was $1.6 billion or 1.9 percent. (3) Excluded from this table is the sales-type, direct financing, and leveraged lease carrying amount of $1.4 billion at March 31, 2022. (4) Excluded from this table is the operating lease carrying amount of $77 million at March 31, 2022. (5) The fair value of non-interest-bearing demand accounts, interest-bearing checking accounts, savings accounts, money market accounts and certain other time deposit accounts is the amount payable on demand at the reporting date (i.e., the carrying amount). Fair values for certificates of deposit are estimated by using discounted cash flow analyses, based on market spreads to benchmark rates. The carrying amounts and estimated fair values, as well as the level within the fair value hierarchy, of the Company's financial instruments as of December 31, 2021 are as follows: December 31, 2021 Carrying Estimated Fair Value (1) Level 1 Level 2 Level 3 (In millions) Financial assets: Cash and cash equivalents $ 29,411 $ 29,411 $ 29,411 $ — $ — Debt securities held to maturity 899 950 — 950 — Debt securities available for sale 28,481 28,481 1,132 27,347 2 Loans held for sale 1,003 1,003 — 899 104 Loans (excluding leases), net of unearned income and allowance for loan losses (2)(3) 84,866 85,086 — — 85,086 Other earning assets (4) 1,104 1,104 464 640 — Derivative assets 1,111 1,111 — 1,098 13 Financial liabilities: Derivative liabilities 1,012 1,012 — 1,009 3 Deposits (5) 139,072 139,101 — 139,101 — Long-term borrowings 2,407 2,847 — 2,845 2 Loan commitments and letters of credit 123 123 — — 123 _________ (1) Estimated fair values are consistent with an exit price concept. The assumptions used to estimate the fair values are intended to approximate those that a market participant would use in a hypothetical orderly transaction. In estimating fair value, the Company makes adjustments for estimated changes in interest rates, market liquidity and credit spreads in the periods they are deemed to have occurred. (2) The estimated fair value of portfolio loans assumes sale of the loans to a third-party financial investor. Accordingly, the value to the Company if the loans were held to maturity is not reflected in the fair value estimate. The fair value premium on the loan portfolio's net carrying amount at December 31, 2021 was $220 million or 0.3 percent. (3) Excluded from this table is the sales-type, direct financing, and leveraged lease carrying amount of $1.4 billion at December 31, 2021. (4) Excluded from this table is the operating lease carrying amount of $83 million at December 31, 2021. (5) The fair value of non-interest-bearing demand accounts, interest-bearing checking accounts, savings accounts, money market accounts and certain other time deposit accounts is the amount payable on demand at the reporting date (i.e., the carrying amount). Fair values for certificates of deposit are estimated by using discounted cash flow analyses, based on market spreads to benchmark rates. |
Business Segment Information (T
Business Segment Information (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Segment Reporting [Abstract] | |
Schedule Of Financial Information By Reportable Segment | The following tables present financial information for each reportable segment for the period indicated. Three Months Ended March 31, 2022 Corporate Bank Consumer Wealth Other Consolidated (In millions) Net interest income $ 434 $ 546 $ 35 $ — $ 1,015 Provision for (benefit from) credit losses 71 71 2 (180) (36) Non-interest income 184 304 103 (7) 584 Non-interest expense 279 557 98 (1) 933 Income before income taxes 268 222 38 174 702 Income tax expense 67 55 9 23 154 Net income $ 201 $ 167 $ 29 $ 151 $ 548 Average assets $ 60,292 $ 36,263 $ 2,139 $ 63,034 $ 161,728 Three Months Ended March 31, 2021 Corporate Bank Consumer Bank Wealth Other Consolidated (In millions) Net interest income $ 435 $ 497 $ 35 $ — $ 967 Provision for (benefit from) credit losses 77 65 3 (287) (142) Non-interest income 193 331 92 25 641 Non-interest expense 270 532 93 33 928 Income before income taxes 281 231 31 279 822 Income tax expense 70 58 7 45 180 Net income $ 211 $ 173 $ 24 $ 234 $ 642 Average assets $ 59,469 $ 34,068 $ 2,047 $ 50,970 $ 146,554 |
Commitments, Contingencies an_2
Commitments, Contingencies and Guarantees (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Commitments and Contingencies Disclosure [Abstract] | |
Credit Risk Of Off-Balance Sheet Financial Instruments By Contractual Amounts | Credit risk associated with these instruments is represented by the contractual amounts indicated in the following table: March 31, 2022 December 31, 2021 (In millions) Unused commitments to extend credit $ 62,258 $ 60,935 Standby letters of credit 1,813 1,779 Commercial letters of credit 92 97 Liabilities associated with standby letters of credit 30 28 Assets associated with standby letters of credit 31 29 Reserve for unfunded credit commitments 76 95 |
Securities (Schedule Of Amortiz
Securities (Schedule Of Amortized Cost, Gross Unrealized Gains And Losses, And Estimated Fair Value Of Securities Available For Sale And Securities Held To Maturity) (Details) - USD ($) $ in Millions | Mar. 31, 2022 | Dec. 31, 2021 | |
Schedule of Held-to-maturity Securities [Line Items] | |||
Debt Securities held to maturity, amortized cost | $ 877 | $ 913 | |
Held To Maturity Debt Securities Gross Unrealized Gains | [1] | 0 | 0 |
Held To Maturity Debt Securities Gross Unrealized Losses | [1] | (13) | (14) |
Debt Securities held to maturity | 864 | 899 | |
Held-to-maturity Debt Securities, Accumulated Unrecognized Holding Gain | 6 | 51 | |
Held-to-maturity Debt Securities, Accumulated Unrecognized Holding Loss | (4) | 0 | |
Debt Securities held to maturity, estimated fair value | 866 | 950 | |
Debt Securities, Available-for-sale [Line Items] | |||
Debt Securities, Available-for-sale, Amortized Cost | 30,664 | 28,263 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 66 | 493 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | (1,346) | (275) | |
Available-for-sale debt securities, net carrying value | 29,384 | 28,481 | |
Debt securities available for sale | 29,384 | 28,481 | |
US Treasury Securities [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Debt Securities, Available-for-sale, Amortized Cost | 1,090 | 1,137 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 1 | 2 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | (61) | (7) | |
Available-for-sale debt securities, net carrying value | 1,030 | 1,132 | |
Debt securities available for sale | 1,030 | 1,132 | |
Federal Agency Securities [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Debt Securities, Available-for-sale, Amortized Cost | 713 | 94 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 0 | 1 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | (13) | (3) | |
Available-for-sale debt securities, net carrying value | 700 | 92 | |
Debt securities available for sale | 700 | 92 | |
Obligations | |||
Debt Securities, Available-for-sale [Line Items] | |||
Debt Securities, Available-for-sale, Amortized Cost | 3 | 4 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 0 | 0 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 0 | 0 | |
Available-for-sale debt securities, net carrying value | 3 | 4 | |
Debt securities available for sale | 3 | 4 | |
Residential Agency [Member] | |||
Schedule of Held-to-maturity Securities [Line Items] | |||
Debt Securities held to maturity, amortized cost | 338 | 370 | |
Held To Maturity Debt Securities Gross Unrealized Gains | [1] | 0 | 0 |
Held To Maturity Debt Securities Gross Unrealized Losses | [1] | (12) | (13) |
Debt Securities held to maturity | 326 | 357 | |
Held-to-maturity Debt Securities, Accumulated Unrecognized Holding Gain | 2 | 20 | |
Held-to-maturity Debt Securities, Accumulated Unrecognized Holding Loss | (2) | 0 | |
Debt Securities held to maturity, estimated fair value | 326 | 377 | |
Debt Securities, Available-for-sale [Line Items] | |||
Debt Securities, Available-for-sale, Amortized Cost | 21,088 | 18,873 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 44 | 287 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | (1,035) | (198) | |
Available-for-sale debt securities, net carrying value | 20,097 | 18,962 | |
Debt securities available for sale | 20,097 | 18,962 | |
Residential Non-Agency [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Debt Securities, Available-for-sale, Amortized Cost | 1 | 1 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 0 | 0 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 0 | 0 | |
Available-for-sale debt securities, net carrying value | 1 | 1 | |
Debt securities available for sale | 1 | 1 | |
Commercial Agency [Member] | |||
Schedule of Held-to-maturity Securities [Line Items] | |||
Debt Securities held to maturity, amortized cost | 539 | 543 | |
Held To Maturity Debt Securities Gross Unrealized Gains | [1] | 0 | 0 |
Held To Maturity Debt Securities Gross Unrealized Losses | [1] | (1) | (1) |
Debt Securities held to maturity | 538 | 542 | |
Held-to-maturity Debt Securities, Accumulated Unrecognized Holding Gain | 4 | 31 | |
Held-to-maturity Debt Securities, Accumulated Unrecognized Holding Loss | (2) | 0 | |
Debt Securities held to maturity, estimated fair value | 540 | 573 | |
Debt Securities, Available-for-sale [Line Items] | |||
Debt Securities, Available-for-sale, Amortized Cost | 5,961 | 6,271 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 14 | 163 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | (206) | (61) | |
Available-for-sale debt securities, net carrying value | 5,769 | 6,373 | |
Debt securities available for sale | 5,769 | 6,373 | |
Commercial Non-Agency [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Debt Securities, Available-for-sale, Amortized Cost | 467 | 532 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 0 | 4 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | (3) | 0 | |
Available-for-sale debt securities, net carrying value | 464 | 536 | |
Debt securities available for sale | 464 | 536 | |
Corporate and other debt securities [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Debt Securities, Available-for-sale, Amortized Cost | 1,341 | 1,351 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 7 | 36 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | (28) | (6) | |
Available-for-sale debt securities, net carrying value | 1,320 | 1,381 | |
Debt securities available for sale | $ 1,320 | $ 1,381 | |
[1] | The gross unrealized losses recognized in OCI on securities held to maturity resulted from a transfer of securities available for sale to held to maturity in the second quarter of 2013. |
Securities (Narrative) (Details
Securities (Narrative) (Details) $ in Millions | Mar. 31, 2022USD ($)security | Dec. 31, 2021USD ($)security |
Debt Securities, Available-for-sale [Line Items] | ||
Number of individual debt positions in unrealized loss position | security | 479 | 1,325 |
Pledged Assets, Debt Securities, Fair Value | $ | $ 9,700 | $ 9,200 |
Securities (Schedule Of Cost An
Securities (Schedule Of Cost And Estimated Fair Value Of Securities Available For Sale And Securities Held To Maturity By Contractual Maturity) (Details) - USD ($) $ in Millions | Mar. 31, 2022 | Dec. 31, 2021 |
Debt Securities held to maturity, amortized cost | $ 877 | $ 913 |
Debt Securities held to maturity, estimated fair value | 866 | 950 |
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, within One Year, Amortized Cost | 274 | |
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, within One Year, Fair Value | 275 | |
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after One Through Five Years, Amortized Cost | 2,043 | |
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after One Through Five Years, Fair Value | 1,991 | |
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after Five Through Ten Years, Amortized Cost | 718 | |
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after Five Through Ten Years, Fair Value | 682 | |
Debt Securities, Available-for-sale, Allocated and Single Maturity Date, Maturity, after 10 Years, Amortized Cost | 112 | |
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after 10 Years, Fair Value | 105 | |
Debt Securities, Available-for-sale, Amortized Cost | 30,664 | 28,263 |
Debt securities available for sale | 29,384 | 28,481 |
Residential Agency [Member] | ||
Debt Securities held to maturity, amortized cost | 338 | 370 |
Debt Securities held to maturity, estimated fair value | 326 | 377 |
Debt Securities, Available-for-sale, Amortized Cost | 21,088 | 18,873 |
Debt securities available for sale | 20,097 | 18,962 |
Residential Non-Agency [Member] | ||
Debt Securities, Available-for-sale, Amortized Cost | 1 | 1 |
Debt securities available for sale | 1 | 1 |
Commercial Agency [Member] | ||
Debt Securities held to maturity, amortized cost | 539 | 543 |
Debt Securities held to maturity, estimated fair value | 540 | 573 |
Debt Securities, Available-for-sale, Amortized Cost | 5,961 | 6,271 |
Debt securities available for sale | 5,769 | 6,373 |
Commercial Non-Agency [Member] | ||
Debt Securities, Available-for-sale, Amortized Cost | 467 | 532 |
Debt securities available for sale | $ 464 | $ 536 |
Securities (Schedule Of Gross U
Securities (Schedule Of Gross Unrealized Losses And Estimated Fair Value Of Securities Available For Sale and Held to Maturity) (Details) - USD ($) $ in Millions | Mar. 31, 2022 | Dec. 31, 2021 |
Unrealized Loss And Fair Value On Securities [Line Items] | ||
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Estimated Fair Value | $ 387 | |
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | (14) | |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Estimated Fair Value | 0 | |
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 0 | |
Debt Securities, Held-to-maturity, Unrealized Loss Position, Fair Value | 387 | |
Debt Securities, Held-to-maturity, Unrealized Loss Position, Accumulated Loss | 14 | |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | 19,344 | $ 12,378 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 780 | 216 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 5,779 | 1,446 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 566 | 59 |
Debt Securities, Available-for-sale, Unrealized Loss Position | 25,123 | 13,824 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | 1,346 | 275 |
US Treasury Securities [Member] | ||
Unrealized Loss And Fair Value On Securities [Line Items] | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | 985 | 1,010 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 60 | 7 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 8 | 0 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 1 | 0 |
Debt Securities, Available-for-sale, Unrealized Loss Position | 993 | 1,010 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | 61 | 7 |
Federal Agency Securities [Member] | ||
Unrealized Loss And Fair Value On Securities [Line Items] | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | 628 | 63 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 6 | 3 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 58 | 0 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 7 | 0 |
Debt Securities, Available-for-sale, Unrealized Loss Position | 686 | 63 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | 13 | 3 |
Residential Agency [Member] | ||
Unrealized Loss And Fair Value On Securities [Line Items] | ||
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Estimated Fair Value | 325 | |
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | (11) | |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Estimated Fair Value | 0 | |
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 0 | |
Debt Securities, Held-to-maturity, Unrealized Loss Position, Fair Value | 325 | |
Debt Securities, Held-to-maturity, Unrealized Loss Position, Accumulated Loss | 11 | |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | 13,621 | 9,528 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 580 | 171 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 4,691 | 686 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 455 | 27 |
Debt Securities, Available-for-sale, Unrealized Loss Position | 18,312 | 10,214 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | 1,035 | 198 |
Commercial Agency [Member] | ||
Unrealized Loss And Fair Value On Securities [Line Items] | ||
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Estimated Fair Value | 62 | |
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | (3) | |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Estimated Fair Value | 0 | |
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 0 | |
Debt Securities, Held-to-maturity, Unrealized Loss Position, Fair Value | 62 | |
Debt Securities, Held-to-maturity, Unrealized Loss Position, Accumulated Loss | 3 | |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | 3,035 | 1,333 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 103 | 29 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 1,022 | 760 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 103 | 32 |
Debt Securities, Available-for-sale, Unrealized Loss Position | 4,057 | 2,093 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | 206 | 61 |
Commercial Non-Agency [Member] | ||
Unrealized Loss And Fair Value On Securities [Line Items] | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | 290 | |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 3 | |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 0 | |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 0 | |
Debt Securities, Available-for-sale, Unrealized Loss Position | 290 | |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | 3 | |
Corporate and other debt securities [Member] | ||
Unrealized Loss And Fair Value On Securities [Line Items] | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | 785 | 444 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 28 | 6 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 0 | 0 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 0 | 0 |
Debt Securities, Available-for-sale, Unrealized Loss Position | 785 | 444 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $ 28 | $ 6 |
Securities (Schedule of Realize
Securities (Schedule of Realized Gain (Loss)) (Details) $ in Millions | 3 Months Ended |
Mar. 31, 2022USD ($) | |
Investments, Debt and Equity Securities [Abstract] | |
Debt Securities, Available-for-sale, Realized Gain | $ 17 |
Gross Realized Losses | (17) |
Gross Realized Gain (Loss), net | $ 0 |
Loans and the Allowance for C_3
Loans and the Allowance for Credit Losses (Schedule Of Loan Portfolio, Net Of Unearned Income) (Details) - USD ($) $ in Millions | Mar. 31, 2022 | Dec. 31, 2021 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | $ 89,335 | [1] | $ 87,784 |
Pledged financial instruments, loans receivable, FHLB | 16,000 | ||
Pledged Assets, Loans Receivable, FRB | 14,900 | ||
Commercial And Industrial [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 45,643 | 43,758 | |
Commercial Real Estate Mortgage - Owner-Occupied [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 5,181 | 5,287 | |
Commercial Real Estate Construction - Owner-Occupied [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 273 | 264 | |
Commercial Investor Real Estate Mortgage [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 5,557 | 5,441 | |
Commercial Investor Real Estate Construction [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 1,607 | 1,586 | |
Residential First Mortgage [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 17,373 | 17,512 | |
Home Equity Line [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 3,602 | 3,744 | |
Home Equity Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 2,500 | 2,510 | |
Consumer Credit Card [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 1,133 | 1,184 | |
OtherConsumerExitPortfoliosMember | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 909 | 1,071 | |
Other consumer | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 5,557 | 5,427 | |
Commercial Portfolio Segment [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 51,097 | 49,309 | |
Total Investor Real Estate [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 7,164 | 7,027 | |
Consumer Portfolio Segment [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | $ 31,074 | [1] | $ 31,448 |
[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. |
Loans and the Allowance for C_4
Loans and the Allowance for Credit Losses (Analysis of the Allowance for Credit Losses by Portfolio Segment) (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Allowance for Loan and Lease Losses [Roll Forward] | ||
Allowance for loan losses, beginning of period | $ 1,479 | $ 2,167 |
Provision (credit) for loan and lease losses | (17) | (108) |
Loan losses: | ||
Charge-offs | (77) | (114) |
Recoveries | 31 | 31 |
Net loan losses | (46) | (83) |
Total allowance for loan losses | 1,416 | 1,976 |
Reserve For Unfunded Credit Commitments [Roll Forward] | ||
Reserve For Unfunded Credit Commitments, beginning of period | 95 | 126 |
Provision (credit) for unfunded credit losses | (19) | (34) |
Reserve For Unfunded Credit Commitments, end of period | 76 | 92 |
Allowance for Credit Losses, end of period | 1,492 | 2,068 |
Commercial Portfolio Segment [Member] | ||
Allowance for Loan and Lease Losses [Roll Forward] | ||
Allowance for loan losses, beginning of period | 682 | 1,196 |
Provision (credit) for loan and lease losses | (49) | (83) |
Loan losses: | ||
Charge-offs | (26) | (47) |
Recoveries | 13 | 16 |
Net loan losses | (13) | (31) |
Total allowance for loan losses | 620 | 1,082 |
Reserve For Unfunded Credit Commitments [Roll Forward] | ||
Reserve For Unfunded Credit Commitments, beginning of period | 58 | 97 |
Provision (credit) for unfunded credit losses | (6) | (30) |
Reserve For Unfunded Credit Commitments, end of period | 52 | 67 |
Allowance for Credit Losses, end of period | 672 | 1,149 |
Total Investor Real Estate [Member] | ||
Allowance for Loan and Lease Losses [Roll Forward] | ||
Allowance for loan losses, beginning of period | 79 | 183 |
Provision (credit) for loan and lease losses | (4) | (18) |
Loan losses: | ||
Charge-offs | 0 | (15) |
Recoveries | 0 | 0 |
Net loan losses | 0 | (15) |
Total allowance for loan losses | 75 | 150 |
Reserve For Unfunded Credit Commitments [Roll Forward] | ||
Reserve For Unfunded Credit Commitments, beginning of period | 8 | 14 |
Provision (credit) for unfunded credit losses | 0 | (3) |
Reserve For Unfunded Credit Commitments, end of period | 8 | 11 |
Allowance for Credit Losses, end of period | 83 | 161 |
Consumer Portfolio Segment [Member] | ||
Allowance for Loan and Lease Losses [Roll Forward] | ||
Allowance for loan losses, beginning of period | 718 | 788 |
Provision (credit) for loan and lease losses | 36 | (7) |
Loan losses: | ||
Charge-offs | (51) | (52) |
Recoveries | 18 | 15 |
Net loan losses | (33) | (37) |
Total allowance for loan losses | 721 | 744 |
Reserve For Unfunded Credit Commitments [Roll Forward] | ||
Reserve For Unfunded Credit Commitments, beginning of period | 29 | 15 |
Provision (credit) for unfunded credit losses | (13) | (1) |
Reserve For Unfunded Credit Commitments, end of period | 16 | 14 |
Allowance for Credit Losses, end of period | $ 737 | $ 758 |
Loans and the Allowance for C_5
Loans and the Allowance for Credit Losses (Credit Quality Indicators) (Details) - USD ($) $ in Millions | Mar. 31, 2022 | Dec. 31, 2021 | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | $ 5,154 | $ 22,558 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 21,240 | 15,438 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 14,286 | 9,128 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 8,272 | 5,150 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 4,616 | 3,649 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 11,012 | 8,572 | ||
Financing Receivable, Revolving | 24,406 | 23,013 | ||
Financing Receivable, Revolving Converted to Amortizing | 83 | 85 | ||
Financing Receivable, Unallocated | [1] | 266 | 191 | |
Loans, net of unearned income | (89,335) | [1] | (87,784) | |
Commercial And Industrial [Member] | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 2,781 | 11,305 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 10,141 | 5,372 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 4,748 | 3,990 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 3,665 | 2,027 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 1,852 | 1,678 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 4,105 | 2,715 | ||
Financing Receivable, Revolving | 18,302 | 16,731 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | [1] | 49 | (60) | |
Loans, net of unearned income | (45,643) | (43,758) | ||
Commercial Real Estate Mortgage - Owner-Occupied [Member] | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 271 | 1,417 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 1,345 | 1,157 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 1,091 | 724 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 671 | 695 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 656 | 411 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 1,038 | 766 | ||
Financing Receivable, Revolving | 114 | 124 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | [1] | (5) | (7) | |
Loans, net of unearned income | (5,181) | (5,287) | ||
Commercial Real Estate Construction - Owner-Occupied [Member] | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 26 | 69 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 86 | 62 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 42 | 24 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 19 | 34 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 32 | 22 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 66 | 52 | ||
Financing Receivable, Revolving | 2 | 1 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | 0 | [1] | 0 | |
Loans, net of unearned income | (273) | (264) | ||
Commercial Investor Real Estate Mortgage [Member] | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 573 | 1,858 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 1,640 | 977 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 939 | 1,217 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 1,118 | 633 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 518 | 160 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 257 | 106 | ||
Financing Receivable, Revolving | 517 | 494 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | [1] | (5) | (4) | |
Loans, net of unearned income | (5,557) | (5,441) | ||
Commercial Investor Real Estate Construction [Member] | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 46 | 135 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 238 | 355 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 317 | 430 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 343 | 82 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 84 | 1 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2 | 1 | ||
Financing Receivable, Revolving | 590 | 593 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | [1] | (13) | (11) | |
Loans, net of unearned income | (1,607) | (1,586) | ||
Residential First Mortgage [Member] | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 668 | 4,810 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 4,928 | 5,911 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 5,741 | 1,361 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 1,245 | 587 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 522 | 783 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 4,104 | 3,894 | ||
Financing Receivable, Revolving | 9 | 9 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | [1] | 156 | 157 | |
Loans, net of unearned income | (17,373) | (17,512) | ||
Home Equity Line [Member] | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Revolving | 3,491 | 3,632 | ||
Financing Receivable, Revolving Converted to Amortizing | 83 | 85 | ||
Financing Receivable, Unallocated | [1] | 28 | 27 | |
Loans, net of unearned income | (3,602) | (3,744) | ||
Home Equity Loan [Member] | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 167 | 668 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 645 | 375 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 349 | 203 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 184 | 189 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 172 | 271 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 965 | 786 | ||
Financing Receivable, Revolving | 0 | 0 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | [1] | 18 | 18 | |
Loans, net of unearned income | (2,500) | (2,510) | ||
Consumer Credit Card [Member] | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Revolving | 1,147 | 1,198 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | [1] | (14) | (14) | |
Loans, net of unearned income | (1,133) | (1,184) | ||
OtherConsumerExitPortfoliosMember | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | 244 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 218 | 475 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 409 | 211 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 277 | 134 | ||
Financing Receivable, Revolving | 0 | 0 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | [1] | 5 | 7 | |
Loans, net of unearned income | (909) | (1,071) | ||
Other consumer | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 622 | 2,296 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 2,217 | 1,229 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 1,059 | 935 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 809 | 428 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 371 | 112 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 198 | 118 | ||
Financing Receivable, Revolving | 234 | 231 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | [1] | 47 | 78 | |
Loans, net of unearned income | (5,557) | (5,427) | ||
Pass [Member] | Commercial And Industrial [Member] | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | [2] | 2,766 | 11,098 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | [2] | 9,954 | 5,231 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | [2] | 4,567 | 3,711 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | [2] | 3,479 | 1,781 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | [2] | 1,712 | 1,625 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | [2] | 3,985 | 2,611 | |
Financing Receivable, Revolving | [2] | 17,408 | 15,794 | |
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | [1] | 49 | (60) | |
Loans, net of unearned income | [2] | (43,920) | (41,791) | |
Pass [Member] | Commercial Real Estate Mortgage - Owner-Occupied [Member] | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 269 | 1,404 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 1,328 | 1,095 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 1,042 | 671 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 610 | 663 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 624 | 381 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 982 | 724 | ||
Financing Receivable, Revolving | 112 | 122 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | [1] | (5) | (7) | |
Loans, net of unearned income | (4,962) | (5,053) | ||
Pass [Member] | Commercial Real Estate Construction - Owner-Occupied [Member] | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 26 | 68 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 85 | 61 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 41 | 24 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 18 | 30 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 28 | 20 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 54 | 42 | ||
Financing Receivable, Revolving | 2 | 1 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | 0 | [1] | 0 | |
Loans, net of unearned income | (254) | (246) | ||
Pass [Member] | Commercial Investor Real Estate Mortgage [Member] | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 553 | 1,783 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 1,596 | 808 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 870 | 900 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 867 | 580 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 414 | 144 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 222 | 95 | ||
Financing Receivable, Revolving | 510 | 487 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | [1] | (5) | (4) | |
Loans, net of unearned income | (5,027) | (4,793) | ||
Pass [Member] | Commercial Investor Real Estate Construction [Member] | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 46 | 135 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 238 | 343 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 301 | 404 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 311 | 82 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 84 | 1 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2 | 1 | ||
Financing Receivable, Revolving | 590 | 593 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | [1] | (13) | (11) | |
Loans, net of unearned income | (1,559) | (1,548) | ||
Special Mention [Member] | Commercial And Industrial [Member] | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 5 | 54 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 66 | 43 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 66 | 177 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 99 | 147 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 49 | 25 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 79 | 77 | ||
Financing Receivable, Revolving | 391 | 383 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | 0 | [1] | 0 | |
Loans, net of unearned income | (755) | (906) | ||
Special Mention [Member] | Commercial Real Estate Mortgage - Owner-Occupied [Member] | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 1 | 7 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 11 | 48 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 41 | 12 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 28 | 11 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 17 | 12 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 28 | 16 | ||
Financing Receivable, Revolving | 1 | 1 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | 0 | 0 | ||
Loans, net of unearned income | (127) | (107) | ||
Special Mention [Member] | Commercial Real Estate Construction - Owner-Occupied [Member] | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 1 | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 2 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 2 | 1 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2 | 2 | ||
Financing Receivable, Revolving | 0 | 0 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | 0 | [1] | 0 | |
Loans, net of unearned income | (5) | (5) | ||
Special Mention [Member] | Commercial Investor Real Estate Mortgage [Member] | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 20 | 23 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 17 | 84 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 26 | 223 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 173 | 21 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 74 | 1 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 9 | 9 | ||
Financing Receivable, Revolving | 0 | 0 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | 0 | [1] | 0 | |
Loans, net of unearned income | (319) | (361) | ||
Special Mention [Member] | Commercial Investor Real Estate Construction [Member] | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 12 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 16 | 26 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 32 | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Revolving | 0 | 0 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | 0 | [1] | 0 | |
Loans, net of unearned income | (48) | (38) | ||
Substandard [Member] | Commercial And Industrial [Member] | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 10 | 83 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 82 | 76 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 102 | 57 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 45 | 90 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 82 | 17 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 19 | 12 | ||
Financing Receivable, Revolving | 412 | 421 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | 0 | [1] | 0 | |
Loans, net of unearned income | (752) | (756) | ||
Substandard [Member] | Commercial Real Estate Mortgage - Owner-Occupied [Member] | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 0 | 3 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 5 | 8 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 4 | 34 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 30 | 11 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 10 | 6 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 10 | 12 | ||
Financing Receivable, Revolving | 1 | 1 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | 0 | 0 | ||
Loans, net of unearned income | (60) | (75) | ||
Substandard [Member] | Commercial Real Estate Construction - Owner-Occupied [Member] | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 2 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 2 | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2 | 0 | ||
Financing Receivable, Revolving | 0 | 0 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | 0 | [1] | 0 | |
Loans, net of unearned income | (4) | (2) | ||
Substandard [Member] | Commercial Investor Real Estate Mortgage [Member] | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 0 | 52 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 27 | 85 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 43 | 94 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 78 | 31 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 30 | 15 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 24 | 0 | ||
Financing Receivable, Revolving | 7 | 7 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | 0 | [1] | 0 | |
Loans, net of unearned income | (209) | (284) | ||
Substandard [Member] | Commercial Investor Real Estate Construction [Member] | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Revolving | 0 | 0 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | 0 | [1] | 0 | |
Loans, net of unearned income | 0 | 0 | ||
Non Accrual [Member] | Commercial And Industrial [Member] | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 0 | 70 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 39 | 22 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 13 | 45 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 42 | 9 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 9 | 11 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 22 | 15 | ||
Financing Receivable, Revolving | 91 | 133 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | 0 | [1] | 0 | |
Loans, net of unearned income | (216) | (305) | ||
Non Accrual [Member] | Commercial Real Estate Mortgage - Owner-Occupied [Member] | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 1 | 3 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 1 | 6 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 4 | 7 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 3 | 10 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 5 | 12 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 18 | 14 | ||
Financing Receivable, Revolving | 0 | 0 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | 0 | [1] | 0 | |
Loans, net of unearned income | (32) | (52) | ||
Non Accrual [Member] | Commercial Real Estate Construction - Owner-Occupied [Member] | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 0 | 1 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 1 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 1 | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 1 | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 1 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 8 | 8 | ||
Financing Receivable, Revolving | 0 | 0 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | 0 | [1] | 0 | |
Loans, net of unearned income | (10) | (11) | ||
Non Accrual [Member] | Commercial Investor Real Estate Mortgage [Member] | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 1 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2 | 2 | ||
Financing Receivable, Revolving | 0 | 0 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | 0 | [1] | 0 | |
Loans, net of unearned income | (2) | (3) | ||
Non Accrual [Member] | Commercial Investor Real Estate Construction [Member] | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Revolving | 0 | 0 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | 0 | [1] | 0 | |
Loans, net of unearned income | 0 | 0 | ||
Commercial Portfolio Segment [Member] | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 3,078 | 12,791 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 11,572 | 6,591 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 5,881 | 4,738 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 4,355 | 2,756 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 2,540 | 2,111 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 5,209 | 3,533 | ||
Financing Receivable, Revolving | 18,418 | 16,856 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | [1] | 44 | (67) | |
Loans, net of unearned income | (51,097) | (49,309) | ||
Total Investor Real Estate [Member] | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 619 | 1,993 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 1,878 | 1,332 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 1,256 | 1,647 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 1,461 | 715 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 602 | 161 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 259 | 107 | ||
Financing Receivable, Revolving | 1,107 | 1,087 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | [1] | (18) | (15) | |
Loans, net of unearned income | (7,164) | (7,027) | ||
Consumer Portfolio Segment [Member] | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 1,457 | 7,774 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 7,790 | 7,515 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 7,149 | 2,743 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 2,456 | 1,679 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 1,474 | 1,377 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 5,544 | 4,932 | ||
Financing Receivable, Revolving | 4,881 | 5,070 | ||
Financing Receivable, Revolving Converted to Amortizing | 83 | 85 | ||
Financing Receivable, Unallocated | [1] | 240 | 273 | |
Loans, net of unearned income | (31,074) | [1] | (31,448) | |
FICO Scores, Above 720 [Member] | Residential First Mortgage [Member] | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 537 | 4,020 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 4,173 | 5,280 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 5,140 | 1,106 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 1,021 | 426 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 386 | 612 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2,889 | 2,601 | ||
Financing Receivable, Revolving | 0 | 0 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | 0 | [1] | 0 | |
Loans, net of unearned income | (14,146) | (14,045) | ||
FICO Scores, Above 720 [Member] | Home Equity Line [Member] | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Revolving | 2,658 | 2,761 | ||
Financing Receivable, Revolving Converted to Amortizing | 47 | 49 | ||
Financing Receivable, Unallocated | 0 | [1] | 0 | |
Loans, net of unearned income | (2,705) | (2,810) | ||
FICO Scores, Above 720 [Member] | Home Equity Loan [Member] | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 132 | 544 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 526 | 320 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 297 | 155 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 143 | 144 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 131 | 217 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 730 | 588 | ||
Financing Receivable, Revolving | 0 | 0 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | 0 | [1] | 0 | |
Loans, net of unearned income | (1,959) | (1,968) | ||
FICO Scores, Above 720 [Member] | Consumer Credit Card [Member] | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Revolving | 641 | 675 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | 0 | [1] | 0 | |
Loans, net of unearned income | (641) | (675) | ||
FICO Scores, Above 720 [Member] | OtherConsumerExitPortfoliosMember | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | 157 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 141 | 318 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 274 | 135 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 175 | 81 | ||
Financing Receivable, Revolving | 0 | 0 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | 0 | 0 | ||
Loans, net of unearned income | (590) | (691) | ||
FICO Scores, Above 720 [Member] | Other consumer | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 444 | 1,555 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 1,489 | 844 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 720 | 543 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 460 | 222 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 188 | 66 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 123 | 76 | ||
Financing Receivable, Revolving | 114 | 116 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | 0 | [1] | 0 | |
Loans, net of unearned income | (3,538) | (3,422) | ||
FICO Scores, 681-720 [Member] | Residential First Mortgage [Member] | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 82 | 449 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 407 | 366 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 339 | 108 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 92 | 57 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 49 | 69 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 346 | 353 | ||
Financing Receivable, Revolving | 0 | 0 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | 0 | [1] | 0 | |
Loans, net of unearned income | (1,315) | (1,402) | ||
FICO Scores, 681-720 [Member] | Home Equity Line [Member] | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Revolving | 370 | 380 | ||
Financing Receivable, Revolving Converted to Amortizing | 11 | 12 | ||
Financing Receivable, Unallocated | 0 | [1] | 0 | |
Loans, net of unearned income | (381) | (392) | ||
FICO Scores, 681-720 [Member] | Home Equity Loan [Member] | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 24 | 82 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 76 | 35 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 33 | 26 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 20 | 22 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 19 | 23 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 89 | 71 | ||
Financing Receivable, Revolving | 0 | 0 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | 0 | [1] | 0 | |
Loans, net of unearned income | (261) | (259) | ||
FICO Scores, 681-720 [Member] | Consumer Credit Card [Member] | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Revolving | 232 | 240 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | 0 | [1] | 0 | |
Loans, net of unearned income | (232) | (240) | ||
FICO Scores, 681-720 [Member] | OtherConsumerExitPortfoliosMember | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | 47 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 42 | 71 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 61 | 32 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 41 | 20 | ||
Financing Receivable, Revolving | 0 | 0 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | 0 | 0 | ||
Loans, net of unearned income | (144) | (170) | ||
FICO Scores, 681-720 [Member] | Other consumer | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 76 | 381 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 394 | 203 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 174 | 131 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 109 | 58 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 48 | 19 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 32 | 18 | ||
Financing Receivable, Revolving | 56 | 56 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | 0 | [1] | 0 | |
Loans, net of unearned income | (889) | (866) | ||
FICO Scores, 620-680 [Member] | Residential First Mortgage [Member] | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 39 | 246 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 237 | 161 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 153 | 78 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 65 | 50 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 37 | 44 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 322 | 378 | ||
Financing Receivable, Revolving | 0 | 0 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | 0 | [1] | 0 | |
Loans, net of unearned income | (853) | (957) | ||
FICO Scores, 620-680 [Member] | Home Equity Line [Member] | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Revolving | 237 | 254 | ||
Financing Receivable, Revolving Converted to Amortizing | 12 | 11 | ||
Financing Receivable, Unallocated | 0 | [1] | 0 | |
Loans, net of unearned income | (249) | (265) | ||
FICO Scores, 620-680 [Member] | Home Equity Loan [Member] | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 8 | 34 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 34 | 14 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 13 | 13 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 11 | 12 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 12 | 15 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 69 | 59 | ||
Financing Receivable, Revolving | 0 | 0 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | 0 | [1] | 0 | |
Loans, net of unearned income | (147) | (147) | ||
FICO Scores, 620-680 [Member] | Consumer Credit Card [Member] | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Revolving | 188 | 194 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | 0 | [1] | 0 | |
Loans, net of unearned income | (188) | (194) | ||
FICO Scores, 620-680 [Member] | OtherConsumerExitPortfoliosMember | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | 28 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 25 | 50 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 44 | 24 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 32 | 17 | ||
Financing Receivable, Revolving | 0 | 0 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | 0 | 0 | ||
Loans, net of unearned income | (101) | (119) | ||
FICO Scores, 620-680 [Member] | Other consumer | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 40 | 232 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 236 | 125 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 111 | 72 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 63 | 37 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 32 | 15 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 24 | 13 | ||
Financing Receivable, Revolving | 42 | 40 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | 0 | [1] | 0 | |
Loans, net of unearned income | (548) | (534) | ||
FICO Scores, Below 620 [Member] | Residential First Mortgage [Member] | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 5 | 39 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 57 | 58 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 62 | 49 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 47 | 47 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 44 | 47 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 434 | 451 | ||
Financing Receivable, Revolving | 0 | 0 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | 0 | [1] | 0 | |
Loans, net of unearned income | (649) | (691) | ||
FICO Scores, Below 620 [Member] | Home Equity Line [Member] | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Revolving | 122 | 132 | ||
Financing Receivable, Revolving Converted to Amortizing | 8 | 8 | ||
Financing Receivable, Unallocated | 0 | [1] | 0 | |
Loans, net of unearned income | (130) | (140) | ||
FICO Scores, Below 620 [Member] | Home Equity Loan [Member] | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 2 | 6 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 7 | 3 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 3 | 6 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 7 | 7 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 7 | 11 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 51 | 46 | ||
Financing Receivable, Revolving | 0 | 0 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | 0 | [1] | 0 | |
Loans, net of unearned income | (77) | (79) | ||
FICO Scores, Below 620 [Member] | Consumer Credit Card [Member] | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Revolving | 77 | 81 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | 0 | [1] | 0 | |
Loans, net of unearned income | (77) | (81) | ||
FICO Scores, Below 620 [Member] | OtherConsumerExitPortfoliosMember | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | 10 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 8 | 31 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 26 | 16 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 23 | 13 | ||
Financing Receivable, Revolving | 0 | 0 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | 0 | 0 | ||
Loans, net of unearned income | (57) | (70) | ||
FICO Scores, Below 620 [Member] | Other consumer | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 6 | 66 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 72 | 50 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 47 | 33 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 29 | 20 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 18 | 8 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 13 | 7 | ||
Financing Receivable, Revolving | 18 | 17 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | 0 | [1] | 0 | |
Loans, net of unearned income | (203) | (201) | ||
FICO Scores, Data not available [Member] [Member] | Residential First Mortgage [Member] | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 5 | 56 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 54 | 46 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 47 | 20 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 20 | 7 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 6 | 11 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 113 | 111 | ||
Financing Receivable, Revolving | 9 | 9 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | [1] | 156 | 157 | |
Loans, net of unearned income | (410) | (417) | ||
FICO Scores, Data not available [Member] [Member] | Home Equity Line [Member] | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Revolving | 104 | 105 | ||
Financing Receivable, Revolving Converted to Amortizing | 5 | 5 | ||
Financing Receivable, Unallocated | [1] | 28 | 27 | |
Loans, net of unearned income | (137) | (137) | ||
FICO Scores, Data not available [Member] [Member] | Home Equity Loan [Member] | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 1 | 2 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 2 | 3 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 3 | 3 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 3 | 4 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 3 | 5 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 26 | 22 | ||
Financing Receivable, Revolving | 0 | 0 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | [1] | 18 | 18 | |
Loans, net of unearned income | (56) | (57) | ||
FICO Scores, Data not available [Member] [Member] | Consumer Credit Card [Member] | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Revolving | 9 | 8 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | [1] | (14) | (14) | |
Loans, net of unearned income | (5) | (6) | ||
FICO Scores, Data not available [Member] [Member] | OtherConsumerExitPortfoliosMember | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | 2 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 2 | 5 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 4 | 4 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 6 | 3 | ||
Financing Receivable, Revolving | 0 | 0 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | [1] | 5 | 7 | |
Loans, net of unearned income | (17) | (21) | ||
FICO Scores, Data not available [Member] [Member] | Other consumer | ||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||
Financing Receivable, Originated in Current Fiscal Year | 56 | 62 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 26 | 7 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 7 | 156 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 148 | 91 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 85 | 4 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 6 | 4 | ||
Financing Receivable, Revolving | 4 | 2 | ||
Financing Receivable, Revolving Converted to Amortizing | 0 | 0 | ||
Financing Receivable, Unallocated | [1] | 47 | 78 | |
Loans, net of unearned income | $ (379) | $ (404) | ||
[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] | Commercial and industrial lending includes PPP lending in the 2021 and 2020 vintage years. |
Loans and the Allowance for C_6
Loans and the Allowance for Credit Losses (Schedule of Aging Analysis Of Days Past Due (DPD) For Each Portfolio Class) (Details) - USD ($) $ in Millions | Mar. 31, 2022 | Dec. 31, 2021 | |
Financing Receivable, Past Due [Line Items] | |||
90 plus DPD, Accrual Loans | $ 162 | $ 189 | |
Financing Receivable, Total 30 Days for more past due | 420 | 468 | |
Total Accrual | 89,000 | 87,333 | |
Nonaccrual | 335 | 451 | |
Loans, net of unearned income | 89,335 | [1] | 87,784 |
Commercial And Industrial [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
90 plus DPD, Accrual Loans | 5 | 5 | |
Financing Receivable, Total 30 Days for more past due | 42 | 69 | |
Total Accrual | 45,427 | 43,453 | |
Nonaccrual | 216 | 305 | |
Loans, net of unearned income | 45,643 | 43,758 | |
Commercial Real Estate Mortgage - Owner-Occupied [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
90 plus DPD, Accrual Loans | 1 | 1 | |
Financing Receivable, Total 30 Days for more past due | 7 | 5 | |
Total Accrual | 5,149 | 5,235 | |
Nonaccrual | 32 | 52 | |
Loans, net of unearned income | 5,181 | 5,287 | |
Commercial Real Estate Construction - Owner-Occupied [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
90 plus DPD, Accrual Loans | 0 | 0 | |
Financing Receivable, Total 30 Days for more past due | 1 | 0 | |
Total Accrual | 263 | 253 | |
Nonaccrual | 10 | 11 | |
Loans, net of unearned income | 273 | 264 | |
Commercial Portfolio Segment [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
90 plus DPD, Accrual Loans | 6 | 6 | |
Financing Receivable, Total 30 Days for more past due | 50 | 74 | |
Total Accrual | 50,839 | 48,941 | |
Nonaccrual | 258 | 368 | |
Loans, net of unearned income | 51,097 | 49,309 | |
Commercial Investor Real Estate Mortgage [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
90 plus DPD, Accrual Loans | 0 | 0 | |
Financing Receivable, Total 30 Days for more past due | 16 | 0 | |
Total Accrual | 5,555 | 5,438 | |
Nonaccrual | 2 | 3 | |
Loans, net of unearned income | 5,557 | 5,441 | |
Commercial Investor Real Estate Construction [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
90 plus DPD, Accrual Loans | 0 | 0 | |
Financing Receivable, Total 30 Days for more past due | 0 | 0 | |
Total Accrual | 1,607 | 1,586 | |
Nonaccrual | 0 | 0 | |
Loans, net of unearned income | 1,607 | 1,586 | |
Total Investor Real Estate [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
90 plus DPD, Accrual Loans | 0 | 0 | |
Financing Receivable, Total 30 Days for more past due | 16 | 0 | |
Total Accrual | 7,162 | 7,024 | |
Nonaccrual | 2 | 3 | |
Loans, net of unearned income | 7,164 | 7,027 | |
Residential First Mortgage [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
90 plus DPD, Accrual Loans | 98 | 123 | |
Financing Receivable, Total 30 Days for more past due | 195 | 227 | |
Total Accrual | 17,342 | 17,479 | |
Nonaccrual | 31 | 33 | |
Loans, net of unearned income | 17,373 | 17,512 | |
Home Equity Line [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
90 plus DPD, Accrual Loans | 19 | 21 | |
Financing Receivable, Total 30 Days for more past due | 39 | 42 | |
Total Accrual | 3,565 | 3,704 | |
Nonaccrual | 37 | 40 | |
Loans, net of unearned income | 3,602 | 3,744 | |
Home Equity Loan [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
90 plus DPD, Accrual Loans | 11 | 12 | |
Financing Receivable, Total 30 Days for more past due | 23 | 23 | |
Total Accrual | 2,493 | 2,503 | |
Nonaccrual | 7 | 7 | |
Loans, net of unearned income | 2,500 | 2,510 | |
Consumer Credit Card [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
90 plus DPD, Accrual Loans | 12 | 12 | |
Financing Receivable, Total 30 Days for more past due | 25 | 27 | |
Total Accrual | 1,133 | 1,184 | |
Nonaccrual | 0 | 0 | |
Loans, net of unearned income | 1,133 | 1,184 | |
OtherConsumerExitPortfoliosMember | |||
Financing Receivable, Past Due [Line Items] | |||
90 plus DPD, Accrual Loans | 2 | 2 | |
Financing Receivable, Total 30 Days for more past due | 13 | 16 | |
Total Accrual | 909 | 1,071 | |
Nonaccrual | 0 | 0 | |
Loans, net of unearned income | 909 | 1,071 | |
Other consumer | |||
Financing Receivable, Past Due [Line Items] | |||
90 plus DPD, Accrual Loans | 14 | 13 | |
Financing Receivable, Total 30 Days for more past due | 59 | 59 | |
Total Accrual | 5,557 | 5,427 | |
Nonaccrual | 0 | 0 | |
Loans, net of unearned income | 5,557 | 5,427 | |
Consumer Portfolio Segment [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
90 plus DPD, Accrual Loans | 156 | 183 | |
Financing Receivable, Total 30 Days for more past due | 354 | 394 | |
Total Accrual | 30,999 | 31,368 | |
Nonaccrual | 75 | 80 | |
Loans, net of unearned income | 31,074 | 31,448 | |
Financial Asset, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receiable, Past Due between 30 and 89 Days | 79 | 96 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial And Industrial [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receiable, Past Due between 30 and 89 Days | 11 | 29 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Real Estate Mortgage - Owner-Occupied [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receiable, Past Due between 30 and 89 Days | 1 | 1 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Real Estate Construction - Owner-Occupied [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receiable, Past Due between 30 and 89 Days | 1 | 0 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receiable, Past Due between 30 and 89 Days | 13 | 30 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Investor Real Estate Mortgage [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receiable, Past Due between 30 and 89 Days | 0 | 0 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Investor Real Estate Construction [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receiable, Past Due between 30 and 89 Days | 0 | 0 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Total Investor Real Estate [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receiable, Past Due between 30 and 89 Days | 0 | 0 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Residential First Mortgage [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receiable, Past Due between 30 and 89 Days | 32 | 31 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Home Equity Line [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receiable, Past Due between 30 and 89 Days | 8 | 6 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Home Equity Loan [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receiable, Past Due between 30 and 89 Days | 4 | 4 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Consumer Credit Card [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receiable, Past Due between 30 and 89 Days | 5 | 6 | |
Financial Asset, 60 to 89 Days Past Due [Member] | OtherConsumerExitPortfoliosMember | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receiable, Past Due between 30 and 89 Days | 3 | 4 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Other consumer | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receiable, Past Due between 30 and 89 Days | 14 | 15 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receiable, Past Due between 30 and 89 Days | 66 | 66 | |
Financial Asset, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receiable, Past Due between 30 and 89 Days | 179 | 183 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial And Industrial [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receiable, Past Due between 30 and 89 Days | 26 | 35 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Real Estate Mortgage - Owner-Occupied [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receiable, Past Due between 30 and 89 Days | 5 | 3 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Real Estate Construction - Owner-Occupied [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receiable, Past Due between 30 and 89 Days | 0 | 0 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receiable, Past Due between 30 and 89 Days | 31 | 38 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Investor Real Estate Mortgage [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receiable, Past Due between 30 and 89 Days | 16 | 0 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Investor Real Estate Construction [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receiable, Past Due between 30 and 89 Days | 0 | 0 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Total Investor Real Estate [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receiable, Past Due between 30 and 89 Days | 16 | 0 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Residential First Mortgage [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receiable, Past Due between 30 and 89 Days | 65 | 73 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Home Equity Line [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receiable, Past Due between 30 and 89 Days | 12 | 15 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Home Equity Loan [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receiable, Past Due between 30 and 89 Days | 8 | 7 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Consumer Credit Card [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receiable, Past Due between 30 and 89 Days | 8 | 9 | |
Financial Asset, 30 to 59 Days Past Due [Member] | OtherConsumerExitPortfoliosMember | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receiable, Past Due between 30 and 89 Days | 8 | 10 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Other consumer | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receiable, Past Due between 30 and 89 Days | 31 | 31 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receiable, Past Due between 30 and 89 Days | $ 132 | $ 145 | |
[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. |
Loans and the Allowance for C_7
Loans and the Allowance for Credit Losses (Loans By Class Modified In TDR) (Details) $ in Millions | 3 Months Ended | |
Mar. 31, 2022USD ($)obligor | Mar. 31, 2021USD ($)obligor | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||
Number of Obligors | obligor | 439 | 260 |
Financing Receivable, Troubled Debt Restructuring, Postmodification | $ 104 | $ 74 |
Increase in Allowance at Modification | $ 4 | $ 3 |
Commercial And Industrial [Member] | ||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||
Number of Obligors | obligor | 10 | 26 |
Financing Receivable, Troubled Debt Restructuring, Postmodification | $ 37 | $ 30 |
Increase in Allowance at Modification | $ 0 | $ 0 |
Commercial Real Estate Mortgage - Owner-Occupied [Member] | ||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||
Number of Obligors | obligor | 3 | 6 |
Financing Receivable, Troubled Debt Restructuring, Postmodification | $ 2 | $ 1 |
Increase in Allowance at Modification | $ 0 | $ 0 |
Commercial Real Estate Construction - Owner-Occupied [Member] | ||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||
Number of Obligors | obligor | 0 | 0 |
Financing Receivable, Troubled Debt Restructuring, Postmodification | $ 0 | $ 0 |
Increase in Allowance at Modification | $ 0 | $ 0 |
Commercial investor real estate mortgage [Member] | ||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||
Number of Obligors | obligor | 1 | 2 |
Financing Receivable, Troubled Debt Restructuring, Postmodification | $ 8 | $ 7 |
Increase in Allowance at Modification | $ 0 | $ 0 |
Commercial Investor Real Estate Construction [Member] | ||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||
Number of Obligors | obligor | 0 | 0 |
Financing Receivable, Troubled Debt Restructuring, Postmodification | $ 0 | $ 0 |
Increase in Allowance at Modification | $ 0 | $ 0 |
Residential First Mortgage [Member] | ||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||
Number of Obligors | obligor | 357 | 175 |
Financing Receivable, Troubled Debt Restructuring, Postmodification | $ 52 | $ 35 |
Increase in Allowance at Modification | $ 3 | $ 3 |
Home Equity Line [Member] | ||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||
Number of Obligors | obligor | 22 | 2 |
Financing Receivable, Troubled Debt Restructuring, Postmodification | $ 2 | $ 0 |
Increase in Allowance at Modification | $ 1 | $ 0 |
Home Equity Loan [Member] | ||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||
Number of Obligors | obligor | 42 | 1 |
Financing Receivable, Troubled Debt Restructuring, Postmodification | $ 3 | $ 0 |
Increase in Allowance at Modification | $ 0 | $ 0 |
Consumer Credit Card [Member] | ||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||
Number of Obligors | obligor | 2 | 0 |
Financing Receivable, Troubled Debt Restructuring, Postmodification | $ 0 | $ 0 |
Increase in Allowance at Modification | $ 0 | $ 0 |
OtherConsumerExitPortfoliosMember | ||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||
Number of Obligors | obligor | 0 | 0 |
Financing Receivable, Troubled Debt Restructuring, Postmodification | $ 0 | $ 0 |
Increase in Allowance at Modification | $ 0 | $ 0 |
Other consumer | ||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||
Number of Obligors | obligor | 2 | 48 |
Financing Receivable, Troubled Debt Restructuring, Postmodification | $ 0 | $ 1 |
Increase in Allowance at Modification | $ 0 | $ 0 |
Commercial Portfolio Segment [Member] | ||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||
Number of Obligors | obligor | 13 | 32 |
Financing Receivable, Troubled Debt Restructuring, Postmodification | $ 39 | $ 31 |
Increase in Allowance at Modification | $ 0 | $ 0 |
Total Investor Real Estate [Member] | ||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||
Number of Obligors | obligor | 1 | 2 |
Financing Receivable, Troubled Debt Restructuring, Postmodification | $ 8 | $ 7 |
Increase in Allowance at Modification | $ 0 | $ 0 |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||
Number of Obligors | obligor | 425 | 226 |
Financing Receivable, Troubled Debt Restructuring, Postmodification | $ 57 | $ 36 |
Increase in Allowance at Modification | $ 4 | $ 3 |
Loans and the Allowance for C_8
Loans and the Allowance for Credit Losses (Narrative) (Details) - USD ($) $ in Millions | 3 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Dec. 31, 2021 | |
Indirect-other consumer [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Purchased loans | $ 261 | $ 261 | |
Commercial And Industrial [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Sales-type and direct financing lease receivable | 1,200 | ||
Sales-Type and Direct Financing | 12 | ||
Commercial Portfolio Segment [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Financing Receivable, Nonaccrual, No Allowance | $ 69 | $ 127 |
Servicing of Financial Assets_2
Servicing of Financial Assets (Analysis Of Residential Mortgage Servicing Rights Under The Fair Value Measurement Method) (Details) - USD ($) $ in Millions | 3 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | ||
Servicing Asset at Fair Value, Amount [Roll Forward] | |||
Carrying value, beginning of period | $ 418 | ||
Purchases | 30 | $ 73 | |
Carrying value, end of period | 542 | ||
Residential Mortgage [Member] | |||
Servicing Asset at Fair Value, Amount [Roll Forward] | |||
Carrying value, beginning of period | 418 | 296 | |
Additions | 19 | 21 | |
Purchases | [1] | 75 | 11 |
Increase (decrease) in fair value, due to change in valuation inputs or assumptions | 47 | 90 | |
Increase (decrease) in fair value, economic amortization associated with borrower repayments | [2] | (17) | (17) |
Carrying value, end of period | $ 542 | $ 401 | |
[1] | Purchases of residential MSRs can be structured with cash hold back provisions, therefore the timing of payment may be made in future periods. | ||
[2] | Economic amortization associated with borrower repayments" includes both total loan payoffs as well as partial paydowns. Regions' MSR decay methodology is a discounted net cash flow approach. |
Servicing of Financial Assets_3
Servicing of Financial Assets (Data And Assumptions Used In The Fair Value Calculation As Well As The Valuation's Sensitivity To Rate Fluctuations Related To Residential Mortgage Servicing Rights) (Details) $ in Millions | 3 Months Ended | |
Mar. 31, 2022USD ($)basis_point | Mar. 31, 2021USD ($)basis_point | |
Servicing Assets at Fair Value [Line Items] | ||
Unpaid principal balance | $ 41,639 | $ 34,212 |
Weighted-average prepayment speed (CPR; percentage) | 9.60% | 10.20% |
Estimated impact on fair value of a 10% increase in prepayment speed | $ (48) | $ (28) |
Estimated impact on fair value of a 20% increase in prepayment speed | $ (78) | $ (51) |
Option-adjusted spread (basis points) | basis_point | 445 | 564 |
Estimated impact on fair value of a 10% increase in other assumptions | $ (10) | $ (10) |
Estimated impact on fair value of a 20% increase in other assumptions | $ (21) | $ (21) |
Weighted-average coupon interest rate | 3.50% | 3.80% |
Assumption for Fair Value of Assets or Liabilities that relate to Transferor's Continuing Involvement, Weighted Average Life | 299 months | 289 months |
Weighted Average Servicing Fee Basis Points | basis_point | 27.4 | 27.5 |
Servicing of Financial Assets_4
Servicing of Financial Assets (Schedule Of Fees Resulting From The Servicing Of Mortgage Loans) (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Residential Mortgage [Member] | ||
Contractually Specified Servicing Fees, Late Fees, and Ancillary Fees Earned in Exchange for Servicing Financial Assets [Line Items] | ||
Contractually Specified Servicing Fee, Late Fee, and Ancillary Fee Earned in Exchange for Servicing Financial Asset | $ 27 | $ 24 |
Servicing of Financial Assets_5
Servicing of Financial Assets (Analysis of Commercial Mortgage Banking Servicing Rights Under Amortized Cost) (Details) - Commercial Real Estate [Member] - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Servicing Asset at Amortized Cost, Balance [Roll Forward] | ||
Servicing Asset at Amortized Cost, Beginning Balance | $ 86 | $ 74 |
Servicing Asset at Amortized Cost, Additions | 0 | 11 |
Servicing Asset at Amortized Cost, Amortization | (4) | (3) |
Servicing Asset at Amortized Cost, Ending Balance | $ 82 | $ 82 |
Servicing of Financial Assets_6
Servicing of Financial Assets (Servicing Related Fee For Commercial Mortgage Banking (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Commercial Real Estate [Member] | ||
Contractually Specified Servicing Fees, Late Fees, and Ancillary Fees Earned in Exchange for Servicing Financial Assets [Line Items] | ||
Contractually Specified Servicing Fee, Late Fee, and Ancillary Fee Earned in Exchange for Servicing Financial Asset | $ 7 | $ 5 |
Servicing of Financial Assets_7
Servicing of Financial Assets (Narrative) (Details) - USD ($) $ in Millions | Mar. 31, 2022 | Dec. 31, 2021 |
Commercial Real Estate [Member] | ||
Servicing Assets at Fair Value [Line Items] | ||
Servicing Asset at Amortized Cost, Fair Value | $ 94 | $ 96 |
Preferred Stock Issuances (Deta
Preferred Stock Issuances (Details) - USD ($) $ / shares in Units, $ in Millions | Aug. 15, 2029 | Sep. 15, 2025 | Mar. 31, 2022 | Sep. 15, 2024 | Dec. 31, 2021 | |
Class of Stock [Line Items] | ||||||
Preferred Stock, Liquidation Preference, Value | $ 1,750 | |||||
Preferred stock | $ 1,659 | $ 1,659 | ||||
Series B Preferred Stock [Member] | ||||||
Class of Stock [Line Items] | ||||||
Preferred Stock, Dividend Rate, Percentage | [1],[2] | 6.375% | ||||
Preferred Stock, Liquidation Preference, Value | $ 500 | |||||
Preferred Stock, Liquidation Preference Per Share | $ 1,000 | |||||
Preferred stock | $ 433 | 433 | ||||
Series C Preferred Stock [Member] | ||||||
Class of Stock [Line Items] | ||||||
Preferred Stock, Dividend Rate, Percentage | [1],[3] | 5.70% | ||||
Preferred Stock, Liquidation Preference, Value | $ 500 | |||||
Preferred Stock, Liquidation Preference Per Share | $ 1,000 | |||||
Preferred stock | $ 490 | 490 | ||||
Series D Preferred Stock [Member] | ||||||
Class of Stock [Line Items] | ||||||
Preferred Stock, Dividend Rate, Percentage | [1],[4] | 5.75% | ||||
Preferred Stock, Liquidation Preference, Value | $ 350 | |||||
Preferred Stock, Liquidation Preference Per Share | $ 100,000 | |||||
Preferred stock | $ 346 | 346 | ||||
Series E Preferred Stock | ||||||
Class of Stock [Line Items] | ||||||
Preferred Stock, Dividend Rate, Percentage | [1] | 4.45% | ||||
Preferred Stock, Liquidation Preference, Value | $ 400 | |||||
Preferred Stock, Liquidation Preference Per Share | $ 1,000 | |||||
Preferred stock | $ 390 | $ 390 | ||||
Forecast [Member] | Series B Preferred Stock Dividend Scenario 1 [Member] | ||||||
Class of Stock [Line Items] | ||||||
Preferred Stock, Dividend Rate, Percentage | 6.375% | |||||
Forecast [Member] | Series C Preferred Stock Dividend Scenario 1 [Member] [Member] | ||||||
Class of Stock [Line Items] | ||||||
Preferred Stock, Dividend Rate, Percentage | 5.70% | |||||
Plus 3-Month LIBOR [Member] | Forecast [Member] | Series B Preferred Stock Dividend Scenario 2 [Member] | ||||||
Class of Stock [Line Items] | ||||||
Preferred Stock, Dividend Rate, Basis Spread on Variable Rate, Percentage | 3.536% | |||||
Plus 3-Month LIBOR [Member] | Forecast [Member] | Series C Preferred Stock Dividend Scenario 2 [Member] [Member] | ||||||
Class of Stock [Line Items] | ||||||
Preferred Stock, Dividend Rate, Basis Spread on Variable Rate, Percentage | 3.148% | |||||
Plus 5-year Treasury rate [Member] | Forecast [Member] | Series D Preferred Stock Dividend Scenario 1 [Member] | ||||||
Class of Stock [Line Items] | ||||||
Preferred Stock, Dividend Rate, Percentage | 5.75% | |||||
Plus 5-year Treasury rate [Member] | Forecast [Member] | Series D Preferred Stock Dividend Scenario 2 [Member] | ||||||
Class of Stock [Line Items] | ||||||
Preferred Stock, Dividend Rate, Basis Spread on Variable Rate, Percentage | 5.426% | |||||
Depositary Shares [Member] | Series B Preferred Stock [Member] | ||||||
Class of Stock [Line Items] | ||||||
Preferred Stock, Liquidation Preference Per Share | $ 25 | |||||
Depositary Shares [Member] | Series C Preferred Stock [Member] | ||||||
Class of Stock [Line Items] | ||||||
Preferred Stock, Liquidation Preference Per Share | 25 | |||||
Depositary Shares [Member] | Series D Preferred Stock [Member] | ||||||
Class of Stock [Line Items] | ||||||
Preferred Stock, Liquidation Preference Per Share | 1,000 | |||||
Depositary Shares [Member] | Series E Preferred Stock | ||||||
Class of Stock [Line Items] | ||||||
Preferred Stock, Liquidation Preference Per Share | $ 25 | |||||
[1] | Dividends on all series of preferred stock, if declared, accrue and are payable quarterly in arrears. | |||||
[2] | Dividends, if declared, will be paid quarterly at an annual rate equal to (i) for each period beginning prior to September 15, 2024, 6.375%, and (ii) for each period beginning on or after September 15, 2024, three-month LIBOR plus 3.536%. | |||||
[3] | Dividends, if declared, will be paid quarterly at an annual rate equal to (i) for each period beginning prior to August 15, 2029, 5.700%, and (ii) for each period beginning on or after August 15, 2029, three-month LIBOR plus 3.148%. | |||||
[4] | Dividends, if declared, will be paid quarterly at an annual rate equal to (i) for each period beginning prior to September 15, 2025, 5.750%, and (ii) for each period beginning on or after September 15, 2025, the five-year treasury rate as of the most recent reset dividend determination date plus 5.426%. |
Schedule of Accumulated Other C
Schedule of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Millions | 3 Months Ended | |||
Mar. 31, 2022 | Mar. 31, 2021 | |||
AOCI Attributable to Parent, Net of Tax [Roll Forward] | ||||
Pre-tax AOCI activity, period start | $ 387 | $ 1,759 | ||
Other Comprehensive Income (Loss), before Tax | (2,016) | (966) | ||
Pre-tax AOCI activity, period end | (1,629) | 793 | ||
AOCI, tax, effect, period start | [1] | (98) | (444) | |
Unrealized holding gains (losses) on available for sale securities, tax | (381) | (138) | ||
Other Comprehensive Income (Loss), Tax | [1] | 513 | 243 | |
AOCI, tax effect, period end | 415 | [1] | (201) | |
Accumulated Other Comprehensive Income (Loss), Net of Tax, Period Start | 289 | 1,315 | ||
Unrealized holding gains (losses) arising during the period on securities available for sale (net of tax) | (1,117) | (410) | ||
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax | 0 | (1) | ||
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax | (393) | (324) | ||
Other comprehensive income (loss), net of tax | (1,503) | (723) | ||
Accumulated Other Comprehensive Income (Loss), Net of Tax, Period End | (1,214) | 592 | ||
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, after Tax | (311) | (248) | ||
Accumulated Net Unrealized Loss on Held To Maturity Securities [Member] | ||||
AOCI Attributable to Parent, Net of Tax [Roll Forward] | ||||
Pre-tax AOCI activity, period start | (14) | (21) | ||
Other Comprehensive Loss, Held-to-maturity Security, Reclassification Adjustment from AOCI for Noncredit Portion of OTTI, before Tax | [2] | 1 | 3 | |
Pre-tax AOCI activity, period end | (13) | (18) | ||
AOCI, tax, effect, period start | [1] | 3 | 5 | |
Other Comprehensive Loss, Held-to-maturity Security, Reclassification Adjustment from AOCI for Noncredit Portion of OTTI, Tax | [1],[2] | 0 | (1) | |
AOCI, tax effect, period end | [1] | 3 | 4 | |
Accumulated Other Comprehensive Income (Loss), Net of Tax, Period Start | (11) | (16) | ||
Other Comprehensive Loss, Held-to-maturity Security, Adjustment from AOCI for Accretion of Noncredit Portion of OTTI, after Tax | [2] | 1 | 2 | |
Accumulated Other Comprehensive Income (Loss), Net of Tax, Period End | (10) | (14) | ||
Accumulated Net Unrealized Securities Available For Sale Gain (Loss) [Member] | ||||
AOCI Attributable to Parent, Net of Tax [Roll Forward] | ||||
Pre-tax AOCI activity, period start | 218 | 1,062 | ||
OCI, Debt Securities, Available-for-Sale, Unrealized Holding Gain (Loss), before Adjustment and Tax | (1,498) | (548) | ||
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, before Tax | [3] | 1 | ||
Other Comprehensive Income (Loss), before Tax | (549) | |||
Pre-tax AOCI activity, period end | (1,280) | 513 | ||
AOCI, tax, effect, period start | [1] | (55) | (268) | |
Unrealized holding gains (losses) on available for sale securities, tax | [1] | 381 | 138 | |
Reclassification from AOCI, Current Period, Tax | [1],[3] | 0 | ||
Other Comprehensive Income (Loss), Tax | [1] | 138 | ||
AOCI, tax effect, period end | [1] | 326 | (130) | |
Accumulated Other Comprehensive Income (Loss), Net of Tax, Period Start | 163 | 794 | ||
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax | [3] | 1 | ||
Other comprehensive income (loss), net of tax | (411) | |||
Accumulated Other Comprehensive Income (Loss), Net of Tax, Period End | (954) | 383 | ||
Accumulated Net Gain (Loss) from Derivative Instruments Designated as Cash Flow Hedges [Member] | ||||
AOCI Attributable to Parent, Net of Tax [Roll Forward] | ||||
Pre-tax AOCI activity, period start | 830 | 1,610 | ||
OCI, before Reclassifications, before Tax, Attributable to Parent | (417) | (331) | ||
Reclassification from AOCI, Current Period, before Tax, Attributable to Parent | [2] | 110 | 102 | |
Other Comprehensive Income (Loss), before Tax | (527) | (433) | ||
Pre-tax AOCI activity, period end | 303 | 1,177 | ||
AOCI, tax, effect, period start | [1] | (209) | (406) | |
Reclassification from AOCI, Current Period, Tax | [1],[2] | (28) | (26) | |
Other Comprehensive Income (Loss) before Reclassifications, Tax | [1] | 106 | 83 | |
Other Comprehensive Income (Loss), Tax | [1] | 134 | 109 | |
AOCI, tax effect, period end | [1] | (75) | (297) | |
Accumulated Other Comprehensive Income (Loss), Net of Tax, Period Start | 621 | 1,204 | ||
Reclassification from AOCI, Current Period, Net of Tax, Attributable to Parent | [2] | (82) | (76) | |
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax | (393) | (324) | ||
Accumulated Other Comprehensive Income (Loss), Net of Tax, Period End | 228 | 880 | ||
Accumulated Defined Benefit Plans Adjustment [Member] | ||||
AOCI Attributable to Parent, Net of Tax [Roll Forward] | ||||
Pre-tax AOCI activity, period start | (647) | (892) | ||
Pre-tax AOCI activity, period end | (639) | (879) | ||
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, before Tax | [4] | 8 | 13 | |
AOCI, tax, effect, period start | [1] | 163 | 225 | |
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, Tax | [1],[4] | (2) | (3) | |
AOCI, tax effect, period end | [1] | 161 | 222 | |
Accumulated Other Comprehensive Income (Loss), Net of Tax, Period Start | (484) | (667) | ||
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, after Tax | [4] | 6 | 10 | |
Accumulated Other Comprehensive Income (Loss), Net of Tax, Period End | $ (478) | $ (657) | ||
[1] | The impact of all AOCI activity is shown net of the related tax impact, calculated using an effective tax rate of approximately 25%. | |||
[2] | Reclassification amount is recognized in net interest income in the consolidated statements of income. | |||
[3] | Reclassification amount is recognized in securities gains (losses), net in the consolidated statements of income. | |||
[4] | Reclassification amount is recognized in other non-interest expense in the consolidated statements of income. Additionally, these accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost (see Note 7 for additional details). |
Stockholders' Equity And Accu_3
Stockholders' Equity And Accumulated Other Comprehensive Income (Loss) (Narrative) (Details) $ / shares in Units, shares in Thousands | 1 Months Ended | 3 Months Ended | 12 Months Ended | ||||||
May 04, 2022USD ($)shares | Mar. 31, 2022USD ($)$ / sharesshares | Mar. 31, 2021USD ($) | Dec. 31, 2020$ / shares | May 15, 2029USD ($) | Sep. 15, 2025USD ($) | Sep. 15, 2024USD ($) | Apr. 20, 2022USD ($) | Apr. 21, 2021USD ($) | |
Stockholders' Equity And Comprehensive Income (Loss) [Line Items] | |||||||||
Dividends, Preferred Stock | $ (24,000,000) | $ (28,000,000) | |||||||
Stock repurchase plan, authorized amount | $ 2,500,000,000 | ||||||||
Stock Repurchased During Period, Value | $ 215,000,000 | ||||||||
Cash dividend declared (in dollars per share) | $ / shares | $ 0.17 | $ 0.155 | |||||||
Stock repurchased (in shares) | shares | 9,100 | ||||||||
Banking Regulation, Capital Conservation Buffer, Capital Conserved, Minimum | 0.025 | ||||||||
Series A Preferred Stock | |||||||||
Stockholders' Equity And Comprehensive Income (Loss) [Line Items] | |||||||||
Dividends, Preferred Stock | (8,000,000) | ||||||||
Series E Preferred Stock | |||||||||
Stockholders' Equity And Comprehensive Income (Loss) [Line Items] | |||||||||
Dividends, Preferred Stock | $ (4,000,000) | ||||||||
Series B, C and D Preferred Stock | |||||||||
Stockholders' Equity And Comprehensive Income (Loss) [Line Items] | |||||||||
Dividends, Preferred Stock | $ (20,000,000) | $ (20,000,000) | |||||||
Subsequent Event [Member] | |||||||||
Stockholders' Equity And Comprehensive Income (Loss) [Line Items] | |||||||||
Stock repurchase plan, authorized amount | $ 2,500,000,000 | ||||||||
Stock Repurchased During Period, Value | $ 15,000,000 | ||||||||
Stock repurchased (in shares) | shares | 725 | ||||||||
Subsequent Event [Member] | Series B Preferred Stock [Member] | |||||||||
Stockholders' Equity And Comprehensive Income (Loss) [Line Items] | |||||||||
ExcessofRedemptionAmountOverCarryingAmount | $ 67,000,000 | ||||||||
PreferredDividendsReductiontoRetainedEarningsatRedemption | $ 52,000,000 | ||||||||
Subsequent Event [Member] | Series C Preferred Stock [Member] | |||||||||
Stockholders' Equity And Comprehensive Income (Loss) [Line Items] | |||||||||
ExcessofRedemptionAmountOverCarryingAmount | $ 10,000,000 | ||||||||
Subsequent Event [Member] | Series D Preferred Stock [Member] | |||||||||
Stockholders' Equity And Comprehensive Income (Loss) [Line Items] | |||||||||
ExcessofRedemptionAmountOverCarryingAmount | $ 4,000,000 | ||||||||
Subsequent Event [Member] | Series E Preferred Stock | |||||||||
Stockholders' Equity And Comprehensive Income (Loss) [Line Items] | |||||||||
ExcessofRedemptionAmountOverCarryingAmount | $ 10,000,000 |
Earnings Per Common Share (Comp
Earnings Per Common Share (Computation Of Basic And Diluted Earnings Per Common Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Numerator: | ||
Net income | $ 548 | $ 642 |
Preferred stock dividends and other | (24) | (28) |
Net income available to common shareholders | $ 524 | $ 614 |
Denominator: | ||
Weighted-average common shares outstanding—basic (in shares) | 938,000 | 961,000 |
Potential common shares (in shares) | 9,000 | 7,000 |
Weighted-average common shares outstanding—diluted (in shares) | 947,000 | 968,000 |
Earnings per common share: | ||
Basic (in dollars per share) | $ 0.56 | $ 0.64 |
Diluted (in dollars per share) | $ 0.55 | $ 0.63 |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share (in shares) | 3,000 | 3,000 |
Document Fiscal Year Focus | 2022 |
Pension and Other Postretirem_3
Pension and Other Postretirement Benefits (Schedule of Net Periodic Pension Cost) (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Defined Benefit Plan Disclosure [Line Items] | ||
Service Cost | $ 9 | $ 10 |
Interest Cost | 15 | 13 |
Expected Return on Plan Assets | (35) | (35) |
Amortization of Actuarial Loss | 8 | 13 |
Net Periodic Pension Cost (Credit) | $ (3) | 1 |
Document Fiscal Year Focus | 2022 | |
Pension Plan [Member] | Qualified Plans [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Service Cost | $ 9 | 9 |
Interest Cost | 14 | 12 |
Expected Return on Plan Assets | (35) | (35) |
Amortization of Actuarial Loss | 6 | 11 |
Net Periodic Pension Cost (Credit) | (6) | (3) |
Supplemental Employee Retirement Plan [Member] | Nonqualified Plans [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Service Cost | 0 | 1 |
Interest Cost | 1 | 1 |
Expected Return on Plan Assets | 0 | 0 |
Amortization of Actuarial Loss | 2 | 2 |
Net Periodic Pension Cost (Credit) | $ 3 | $ 4 |
Derivative Financial Instrume_3
Derivative Financial Instruments and Hedging Activities (Schedule of Derivative Instruments Notional and Fair Value) (Details) - USD ($) $ in Millions | Mar. 31, 2022 | Dec. 31, 2021 | ||
Derivatives, Fair Value [Line Items] | ||||
Notional Amount | $ 143,645 | $ 138,062 | ||
Derivative Asset, Fair Value, Gross Asset | 1,490 | 1,111 | ||
Derivative Liabilities, Fair Value, Gross Liability | 1,890 | 1,012 | ||
Derivative Asset netting adjustments | [1] | 1,173 | 699 | |
Derivative Liability, netting adjustments | [1] | 1,283 | 932 | |
Derivative Assets | 317 | 412 | ||
Derivative Liabilities | 607 | 80 | ||
Designated as Hedging Instrument [Member] | ||||
Derivatives, Fair Value [Line Items] | ||||
Notional Amount | 32,750 | 28,550 | ||
Derivative Asset, Fair Value, Gross Asset | 58 | 171 | ||
Derivative Liabilities, Fair Value, Gross Liability | 442 | 61 | ||
Not Designated as Hedging Instrument [Member] | ||||
Derivatives, Fair Value [Line Items] | ||||
Notional Amount | 110,895 | 109,512 | ||
Derivative Asset, Fair Value, Gross Asset | 1,432 | 940 | ||
Derivative Liabilities, Fair Value, Gross Liability | 1,448 | 951 | ||
Interest Rate Swaps [Member] | ||||
Derivatives, Fair Value [Line Items] | ||||
Derivative Instrument, Accrued Interest | 13 | 12 | ||
Interest Rate Swaps [Member] | Not Designated as Hedging Instrument [Member] | ||||
Derivatives, Fair Value [Line Items] | ||||
Notional Amount | 81,886 | 81,327 | ||
Interest Rate Swaps [Member] | Not Designated as Hedging Instrument [Member] | Other Assets [Member] | ||||
Derivatives, Fair Value [Line Items] | ||||
Derivative Asset, Fair Value, Gross Asset | [2] | 1,006 | 748 | |
Interest Rate Swaps [Member] | Not Designated as Hedging Instrument [Member] | Other Liabilities [Member] | ||||
Derivatives, Fair Value [Line Items] | ||||
Derivative Liabilities, Fair Value, Gross Liability | [2] | 1,085 | 794 | |
Interest Rate Options [Member] | Not Designated as Hedging Instrument [Member] | ||||
Derivatives, Fair Value [Line Items] | ||||
Notional Amount | 16,740 | 15,990 | ||
Interest Rate Options [Member] | Not Designated as Hedging Instrument [Member] | Other Assets [Member] | ||||
Derivatives, Fair Value [Line Items] | ||||
Derivative Asset, Fair Value, Gross Asset | [2] | 73 | 48 | |
Interest Rate Options [Member] | Not Designated as Hedging Instrument [Member] | Other Liabilities [Member] | ||||
Derivatives, Fair Value [Line Items] | ||||
Derivative Liabilities, Fair Value, Gross Liability | [2] | 47 | 19 | |
Interest Rate Futures And Forward Commitments [Member] | Not Designated as Hedging Instrument [Member] | ||||
Derivatives, Fair Value [Line Items] | ||||
Notional Amount | 2,281 | 2,739 | ||
Interest Rate Futures And Forward Commitments [Member] | Not Designated as Hedging Instrument [Member] | Other Assets [Member] | ||||
Derivatives, Fair Value [Line Items] | ||||
Derivative Asset, Fair Value, Gross Asset | [2] | 29 | 11 | |
Interest Rate Futures And Forward Commitments [Member] | Not Designated as Hedging Instrument [Member] | Other Liabilities [Member] | ||||
Derivatives, Fair Value [Line Items] | ||||
Derivative Liabilities, Fair Value, Gross Liability | [2] | 3 | 3 | |
Other Contract [Member] | Not Designated as Hedging Instrument [Member] | ||||
Derivatives, Fair Value [Line Items] | ||||
Notional Amount | 9,988 | 9,456 | ||
Other Contract [Member] | Not Designated as Hedging Instrument [Member] | Other Assets [Member] | ||||
Derivatives, Fair Value [Line Items] | ||||
Derivative Asset, Fair Value, Gross Asset | [2] | 324 | 133 | |
Other Contract [Member] | Not Designated as Hedging Instrument [Member] | Other Liabilities [Member] | ||||
Derivatives, Fair Value [Line Items] | ||||
Derivative Liabilities, Fair Value, Gross Liability | [2] | 313 | 135 | |
Fair Value Hedging [Member] | Interest Rate Swaps [Member] | Designated as Hedging Instrument [Member] | ||||
Derivatives, Fair Value [Line Items] | ||||
Notional Amount | 7,900 | 7,900 | ||
Fair Value Hedging [Member] | Interest Rate Swaps [Member] | Designated as Hedging Instrument [Member] | Other Assets [Member] | ||||
Derivatives, Fair Value [Line Items] | ||||
Derivative Asset, Fair Value, Gross Asset | 22 | [2] | 0 | |
Fair Value Hedging [Member] | Interest Rate Swaps [Member] | Designated as Hedging Instrument [Member] | Other Liabilities [Member] | ||||
Derivatives, Fair Value [Line Items] | ||||
Derivative Liabilities, Fair Value, Gross Liability | 98 | [2] | 32 | |
Cash Flow Hedging [Member] | Interest Rate Swaps [Member] | Designated as Hedging Instrument [Member] | ||||
Derivatives, Fair Value [Line Items] | ||||
Notional Amount | [3] | 24,850 | 20,650 | |
Cash Flow Hedging [Member] | Interest Rate Swaps [Member] | Designated as Hedging Instrument [Member] | Other Assets [Member] | ||||
Derivatives, Fair Value [Line Items] | ||||
Derivative Asset, Fair Value, Gross Asset | [2],[3] | 36 | 171 | |
Cash Flow Hedging [Member] | Interest Rate Swaps [Member] | Designated as Hedging Instrument [Member] | Other Liabilities [Member] | ||||
Derivatives, Fair Value [Line Items] | ||||
Derivative Liabilities, Fair Value, Gross Liability | [2],[3] | $ 344 | $ 29 | |
[1] | Netting adjustments represent amounts recorded to convert derivative assets and derivative liabilities from a gross basis to a net basis in accordance with applicable accounting guidance. The net basis takes into account the impact of cash collateral received or posted, legally enforceable master netting agreements, and variation margin that allow Regions to settle derivative contracts with the counterparty on a net basis and to offset the net position with the related cash collateral. | |||
[2] | Derivatives in a gain position are recorded as other assets and derivatives in a loss position are recorded as other liabilities on the consolidated balance sheets. | |||
[3] | Includes accrued interest of $13 million at March 31, 2022 and $12 million at December 31, 2021. |
Derivative Financial Instrume_4
Derivative Financial Instruments and Hedging Activities (Schedule of Terminated Cash Flows) (Details) - Accumulated Net Gain (Loss) from Derivative Instruments Designated as Cash Flow Hedges [Member] - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Accumulated Other Comprehensive Income related to discontinued cash flow hedges, before tax | $ 700 | $ 121 |
Other Comprehensive Income (loss), Unrealized Gain (loss) on terminated cash flow hedges arising during the period, before tax | 0 | 166 |
Other Comprehensive Income (loss), Reclassification Adjustment from AOCI on terminated cash flow hedges, before tax | (76) | (8) |
Accumulated Other Comprehensive Income related to discontinued cash flow hedges, before tax | $ 624 | $ 279 |
Derivative Financial Instrume_5
Derivative Financial Instruments And Hedging Activities (Schedule Of The Effect Of Derivative Instruments On The Statements Of Operations) (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Derivative Instruments, Gain (Loss) [Line Items] | ||
Debt securities | $ 138 | $ 133 |
Loans, including fees | 876 | 854 |
Taxable Debt Securities in Interest Income [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Debt securities | 138 | |
Loans Including Fees in Interest Income [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Loans, including fees | 876 | 854 |
Fair Value Hedging [Member] | Interest Rate Contract [Member] | Taxable Debt Securities in Interest Income [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Amounts Related to Interest Settlements on Derivatives | 0 | |
Gain or (Loss) Recognized in Income on Derivatives | 22 | |
Gain or (Loss) Recognized in Income on Related Hedged Item | (22) | |
Gain (Loss) on Fair Value Hedges Recognized in Earnings | 0 | |
Fair Value Hedging [Member] | Interest Rate Contract [Member] | Loans Including Fees in Interest Income [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Amounts Related to Interest Settlements on Derivatives | 0 | 0 |
Gain or (Loss) Recognized in Income on Derivatives | 0 | 0 |
Gain or (Loss) Recognized in Income on Related Hedged Item | 0 | 0 |
Gain (Loss) on Fair Value Hedges Recognized in Earnings | 0 | 0 |
Fair Value Hedging [Member] | Interest Rate Contract [Member] | Long-term Borrowings In Interest Expense [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Amounts Related to Interest Settlements on Derivatives | 1 | 7 |
Gain or (Loss) Recognized in Income on Derivatives | (64) | (22) |
Gain or (Loss) Recognized in Income on Related Hedged Item | 64 | 22 |
Gain (Loss) on Fair Value Hedges Recognized in Earnings | 1 | 7 |
Cash Flow Hedging [Member] | Interest Rate Contract [Member] | Taxable Debt Securities in Interest Income [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Gain or (Loss) Reclassified from AOCI into Income | 0 | |
Net Income (Expense) Recognized on Cash Flow Hedges | 0 | |
Cash Flow Hedging [Member] | Interest Rate Contract [Member] | Loans Including Fees in Interest Income [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Gain or (Loss) Reclassified from AOCI into Income | 110 | 102 |
Net Income (Expense) Recognized on Cash Flow Hedges | 110 | 102 |
Cash Flow Hedging [Member] | Interest Rate Contract [Member] | Long-term Borrowings In Interest Expense [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Gain or (Loss) Reclassified from AOCI into Income | 0 | 0 |
Net Income (Expense) Recognized on Cash Flow Hedges | $ 0 | $ 0 |
Derivative Financial Instrume_6
Derivative Financial Instruments and Hedging Activities (Schedule of Fair Value Hedging Basis Adjustments) (Details) - USD ($) | Mar. 31, 2022 | Dec. 31, 2021 | |
Derivative Instruments and Hedging Activities Disclosures [Line Items] | |||
Hedged Asset, Fair Value Hedge, Last-of-Layer, Amount | $ 5,800,000,000 | $ 5,800,000,000 | |
Closed Portfolio and Beneficial Interest, Last-of-Layer, Amortized Cost | 8,700,000,000 | 9,100,000,000 | |
Designated as Hedging Item [Member] | Debt Available-for-sale Securities [Member] | |||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | |||
Hedged Asset, Fair Value Hedge | [1],[2] | 9,443,000,000 | 9,901,000,000 |
Hedged Asset, Fair Value Hedge, Cumulative Increase (Decrease) | [1],[2] | (22,000,000) | 0 |
Designated as Hedging Item [Member] | Long-term Debt [Member] | |||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | |||
Hedged Liability, Fair Value Hedge | (1,298,000,000) | (1,363,000,000) | |
Hedged Liability, Fair Value Hedge, Cumulative Increase (Decrease) | $ 98,000,000 | $ 34,000,000 | |
[1] | Carrying amount represents amortized cost. | ||
[2] | In the fourth quarter of 2021, the Company designated interest rate swaps as fair value hedges of debt securities available for sale under the last-of-layer method, which are included in this amount. At both March 31, 2022 and December 31, 2021, the Company had designated $5.8 billion as the hedged amount from a closed portfolio of prepayable financial assets with an associated carrying amount of $8.7 billion at March 31, 2022 and $9.1 billion at December 31, 2021. |
Derivative Financial Instrume_7
Derivative Financial Instruments and Hedging Activities (Schedule of Gains (Losses) Recognized Related to Derivatives Not Designated as Hedging Instruments) (Details) - Not Designated as Hedging Instrument [Member] - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Derivative [Line Items] | ||
Gain or (Loss) of Derivatives Not Designated as Hedging Instruments | $ 1 | $ 2 |
Capital markets income | ||
Derivative [Line Items] | ||
Gain or (Loss) of Derivatives Not Designated as Hedging Instruments | 41 | 52 |
Capital markets income | Interest Rate Swaps [Member] | ||
Derivative [Line Items] | ||
Gain or (Loss) of Derivatives Not Designated as Hedging Instruments | 31 | 23 |
Capital markets income | Interest Rate Options [Member] | ||
Derivative [Line Items] | ||
Gain or (Loss) of Derivatives Not Designated as Hedging Instruments | 11 | 15 |
Capital markets income | Interest Rate Futures And Forward Commitments [Member] | ||
Derivative [Line Items] | ||
Gain or (Loss) of Derivatives Not Designated as Hedging Instruments | (4) | 9 |
Capital markets income | Other Contract [Member] | ||
Derivative [Line Items] | ||
Gain or (Loss) of Derivatives Not Designated as Hedging Instruments | 3 | 5 |
Mortgage Income [Member] | ||
Derivative [Line Items] | ||
Gain or (Loss) of Derivatives Not Designated as Hedging Instruments | (40) | (50) |
Mortgage Income [Member] | Interest Rate Swaps [Member] | ||
Derivative [Line Items] | ||
Gain or (Loss) of Derivatives Not Designated as Hedging Instruments | (46) | (67) |
Mortgage Income [Member] | Interest Rate Options [Member] | ||
Derivative [Line Items] | ||
Gain or (Loss) of Derivatives Not Designated as Hedging Instruments | (10) | (13) |
Mortgage Income [Member] | Interest Rate Futures And Forward Commitments [Member] | ||
Derivative [Line Items] | ||
Gain or (Loss) of Derivatives Not Designated as Hedging Instruments | $ 16 | $ 30 |
Derivative Financial Instrume_8
Derivative Financial Instruments And Hedging Activities (Narrative) (Details) - USD ($) $ in Millions | 3 Months Ended | ||
Mar. 31, 2022 | Dec. 31, 2021 | ||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | |||
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months | $ 165 | ||
Pre-tax net income related to amortization of discontinued cash flow hedges | 280 | ||
Notional Amount | 143,645 | $ 138,062 | |
Maximum potential future exposure on swap participations | 409 | ||
Aggregate fair value of all derivative instruments with credit risk | 139 | 81 | |
Posted collateral related to derivative instruments with credit risk | 148 | 84 | |
Not Designated as Hedging Instrument [Member] | |||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | |||
Notional Amount | 110,895 | 109,512 | |
Designated as Hedging Instrument [Member] | |||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | |||
Notional Amount | 32,750 | 28,550 | |
Interest Rate Lock Commitments [Member] | Not Designated as Hedging Instrument [Member] | |||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | |||
Notional Amount | 497 | 419 | |
Forward Sale Commitments [Member] | Not Designated as Hedging Instrument [Member] | |||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | |||
Notional Amount | 872 | 987 | |
Forward Rate Commitments and Futures Contracts [Member] | Not Designated as Hedging Instrument [Member] | |||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | |||
Notional Amount | 4,200 | 4,500 | |
Interest Rate Swaps [Member] | Not Designated as Hedging Instrument [Member] | |||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | |||
Notional Amount | 81,886 | 81,327 | |
Interest Rate Swaps [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | |||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | |||
Notional Amount | [1] | $ 24,850 | $ 20,650 |
[1] | Includes accrued interest of $13 million at March 31, 2022 and $12 million at December 31, 2021. |
Fair Value Measurements (Schedu
Fair Value Measurements (Schedule Of Assets And Liabilities At Fair Value Measured On A Recurring Basis And Non-Recurring Basis) (Details) - USD ($) | Mar. 31, 2022 | Dec. 31, 2021 | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Debt securities available for sale | $ 29,384,000,000 | $ 28,481,000,000 | |||
Loans held for sale | 507,000,000 | 783,000,000 | |||
Residential mortgage servicing rights | 542,000,000 | 418,000,000 | |||
Derivative Asset, Fair Value, Gross Asset | 1,490,000,000 | 1,111,000,000 | |||
Derivative Liabilities, Fair Value, Gross Liability | 1,890,000,000 | 1,012,000,000 | |||
Recurring Fair Value Measurements [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Debt securities available for sale | 29,384,000,000 | 28,481,000,000 | |||
Loans held for sale | 507,000,000 | 783,000,000 | |||
Marketable Equity Securities | 584,000,000 | 464,000,000 | |||
Residential mortgage servicing rights | 542,000,000 | 418,000,000 | |||
Derivative Asset, Fair Value, Gross Asset | 1,490,000,000 | 1,111,000,000 | |||
Derivative Liabilities, Fair Value, Gross Liability | 1,890,000,000 | 1,012,000,000 | |||
Level 1 [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Debt securities available for sale | 1,030,000,000 | 1,132,000,000 | |||
Loans held for sale | 0 | 0 | |||
Derivative Asset, Fair Value, Gross Asset | 0 | 0 | |||
Derivative Liabilities, Fair Value, Gross Liability | 0 | 0 | |||
Level 1 [Member] | Recurring Fair Value Measurements [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Debt securities available for sale | 1,030,000,000 | 1,132,000,000 | |||
Loans held for sale | 0 | 0 | |||
Marketable Equity Securities | 584,000,000 | 464,000,000 | |||
Residential mortgage servicing rights | 0 | 0 | |||
Derivative Asset, Fair Value, Gross Asset | 0 | 0 | |||
Derivative Liabilities, Fair Value, Gross Liability | 0 | 0 | |||
Level 2 [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Debt securities available for sale | 28,352,000,000 | 27,347,000,000 | |||
Loans held for sale | 674,000,000 | 899,000,000 | |||
Derivative Asset, Fair Value, Gross Asset | 1,480,000,000 | 1,098,000,000 | |||
Derivative Liabilities, Fair Value, Gross Liability | 1,886,000,000 | 1,009,000,000 | |||
Level 2 [Member] | Recurring Fair Value Measurements [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Debt securities available for sale | 28,352,000,000 | 27,347,000,000 | |||
Loans held for sale | 495,000,000 | 693,000,000 | |||
Marketable Equity Securities | 0 | 0 | |||
Residential mortgage servicing rights | 0 | 0 | |||
Derivative Asset, Fair Value, Gross Asset | 1,480,000,000 | 1,098,000,000 | |||
Derivative Liabilities, Fair Value, Gross Liability | 1,886,000,000 | 1,009,000,000 | |||
Level 3 [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Debt securities available for sale | 2,000,000 | 2,000,000 | |||
Loans held for sale | 20,000,000 | 104,000,000 | |||
Derivative Asset, Fair Value, Gross Asset | 10,000,000 | 13,000,000 | |||
Derivative Liabilities, Fair Value, Gross Liability | 4,000,000 | 3,000,000 | |||
Level 3 [Member] | Recurring Fair Value Measurements [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Debt securities available for sale | [1] | 2,000,000 | 2,000,000 | ||
Loans held for sale | 12,000,000 | [1] | 90,000,000 | [2] | |
Marketable Equity Securities | 0 | 0 | |||
Residential mortgage servicing rights | 542,000,000 | 418,000,000 | [2] | ||
Derivative Asset, Fair Value, Gross Asset | [1] | 10,000,000 | 13,000,000 | ||
Derivative Liabilities, Fair Value, Gross Liability | [1] | 4,000,000 | 3,000,000 | ||
Interest Rate Swaps [Member] | Recurring Fair Value Measurements [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Derivative Asset, Fair Value, Gross Asset | 1,064,000,000 | 919,000,000 | |||
Derivative Liabilities, Fair Value, Gross Liability | 1,527,000,000 | 855,000,000 | |||
Interest Rate Swaps [Member] | Level 1 [Member] | Recurring Fair Value Measurements [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Derivative Asset, Fair Value, Gross Asset | 0 | 0 | |||
Derivative Liabilities, Fair Value, Gross Liability | 0 | 0 | |||
Interest Rate Swaps [Member] | Level 2 [Member] | Recurring Fair Value Measurements [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Derivative Asset, Fair Value, Gross Asset | [3] | 1,064,000,000 | 919,000,000 | ||
Derivative Liabilities, Fair Value, Gross Liability | [3] | 1,527,000,000 | 855,000,000 | ||
Interest Rate Swaps [Member] | Level 3 [Member] | Recurring Fair Value Measurements [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Derivative Asset, Fair Value, Gross Asset | 0 | 0 | |||
Derivative Liabilities, Fair Value, Gross Liability | 0 | 0 | |||
Interest Rate Options [Member] | Recurring Fair Value Measurements [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Derivative Asset, Fair Value, Gross Asset | 73,000,000 | 48,000,000 | |||
Derivative Liabilities, Fair Value, Gross Liability | 47,000,000 | 19,000,000 | |||
Interest Rate Options [Member] | Level 1 [Member] | Recurring Fair Value Measurements [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Derivative Asset, Fair Value, Gross Asset | 0 | 0 | |||
Derivative Liabilities, Fair Value, Gross Liability | 0 | 0 | |||
Interest Rate Options [Member] | Level 2 [Member] | Recurring Fair Value Measurements [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Derivative Asset, Fair Value, Gross Asset | 63,000,000 | 36,000,000 | |||
Derivative Liabilities, Fair Value, Gross Liability | 46,000,000 | 19,000,000 | |||
Interest Rate Options [Member] | Level 3 [Member] | Recurring Fair Value Measurements [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Derivative Asset, Fair Value, Gross Asset | [1] | 10,000,000 | 12,000,000 | ||
Derivative Liabilities, Fair Value, Gross Liability | 1,000,000 | 0 | |||
Interest Rate Futures And Forward Commitments [Member] | Recurring Fair Value Measurements [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Derivative Asset, Fair Value, Gross Asset | 29,000,000 | 11,000,000 | |||
Derivative Liabilities, Fair Value, Gross Liability | 3,000,000 | 3,000,000 | |||
Interest Rate Futures And Forward Commitments [Member] | Level 1 [Member] | Recurring Fair Value Measurements [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Derivative Asset, Fair Value, Gross Asset | 0 | 0 | |||
Derivative Liabilities, Fair Value, Gross Liability | 0 | 0 | |||
Interest Rate Futures And Forward Commitments [Member] | Level 2 [Member] | Recurring Fair Value Measurements [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Derivative Asset, Fair Value, Gross Asset | 29,000,000 | 11,000,000 | |||
Derivative Liabilities, Fair Value, Gross Liability | 3,000,000 | 3,000,000 | |||
Interest Rate Futures And Forward Commitments [Member] | Level 3 [Member] | Recurring Fair Value Measurements [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Derivative Asset, Fair Value, Gross Asset | 0 | 0 | |||
Derivative Liabilities, Fair Value, Gross Liability | 0 | 0 | |||
Other Contract [Member] | Recurring Fair Value Measurements [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Derivative Asset, Fair Value, Gross Asset | 324,000,000 | 133,000,000 | |||
Derivative Liabilities, Fair Value, Gross Liability | 313,000,000 | 135,000,000 | |||
Other Contract [Member] | Level 1 [Member] | Recurring Fair Value Measurements [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Derivative Asset, Fair Value, Gross Asset | 0 | 0 | |||
Derivative Liabilities, Fair Value, Gross Liability | 0 | 0 | |||
Other Contract [Member] | Level 2 [Member] | Recurring Fair Value Measurements [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Derivative Asset, Fair Value, Gross Asset | 324,000,000 | 132,000,000 | |||
Derivative Liabilities, Fair Value, Gross Liability | 310,000,000 | 132,000,000 | |||
Other Contract [Member] | Level 3 [Member] | Recurring Fair Value Measurements [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Derivative Asset, Fair Value, Gross Asset | 0 | 1,000,000 | [1] | ||
Derivative Liabilities, Fair Value, Gross Liability | [1] | 3,000,000 | 3,000,000 | ||
US Treasury Securities [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Debt securities available for sale | 1,030,000,000 | 1,132,000,000 | |||
US Treasury Securities [Member] | Recurring Fair Value Measurements [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Debt securities available for sale | 1,030,000,000 | 1,132,000,000 | |||
US Treasury Securities [Member] | Level 1 [Member] | Recurring Fair Value Measurements [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Debt securities available for sale | 1,030,000,000 | 1,132,000,000 | |||
US Treasury Securities [Member] | Level 2 [Member] | Recurring Fair Value Measurements [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Debt securities available for sale | 0 | 0 | |||
US Treasury Securities [Member] | Level 3 [Member] | Recurring Fair Value Measurements [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Debt securities available for sale | 0 | 0 | |||
Federal Agency Securities [Member] | Recurring Fair Value Measurements [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Debt securities available for sale | 700,000,000 | 92,000,000 | |||
Federal Agency Securities [Member] | Level 1 [Member] | Recurring Fair Value Measurements [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Debt securities available for sale | 0 | 0 | |||
Federal Agency Securities [Member] | Level 2 [Member] | Recurring Fair Value Measurements [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Debt securities available for sale | 700,000,000 | 92,000,000 | |||
Federal Agency Securities [Member] | Level 3 [Member] | Recurring Fair Value Measurements [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Debt securities available for sale | 0 | 0 | |||
US States and Political Subdivisions Debt Securities | Recurring Fair Value Measurements [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Debt securities available for sale | 3,000,000 | 4,000,000 | |||
US States and Political Subdivisions Debt Securities | Level 1 [Member] | Recurring Fair Value Measurements [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Debt securities available for sale | 0 | 0 | |||
US States and Political Subdivisions Debt Securities | Level 2 [Member] | Recurring Fair Value Measurements [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Debt securities available for sale | 3,000,000 | 4,000,000 | |||
US States and Political Subdivisions Debt Securities | Level 3 [Member] | Recurring Fair Value Measurements [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Debt securities available for sale | 0 | 0 | |||
Residential Agency [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Debt securities available for sale | 20,097,000,000 | 18,962,000,000 | |||
Residential Agency [Member] | Recurring Fair Value Measurements [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Debt securities available for sale | 20,097,000,000 | 18,962,000,000 | |||
Residential Agency [Member] | Level 1 [Member] | Recurring Fair Value Measurements [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Debt securities available for sale | 0 | 0 | |||
Residential Agency [Member] | Level 2 [Member] | Recurring Fair Value Measurements [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Debt securities available for sale | 20,097,000,000 | 18,962,000,000 | |||
Residential Agency [Member] | Level 3 [Member] | Recurring Fair Value Measurements [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Debt securities available for sale | 0 | 0 | |||
Residential Non-Agency [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Debt securities available for sale | 1,000,000 | 1,000,000 | |||
Residential Non-Agency [Member] | Recurring Fair Value Measurements [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Debt securities available for sale | 1,000,000 | 1,000,000 | |||
Residential Non-Agency [Member] | Level 1 [Member] | Recurring Fair Value Measurements [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Debt securities available for sale | 0 | 0 | |||
Residential Non-Agency [Member] | Level 2 [Member] | Recurring Fair Value Measurements [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Debt securities available for sale | 0 | 0 | |||
Residential Non-Agency [Member] | Level 3 [Member] | Recurring Fair Value Measurements [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Debt securities available for sale | [1] | 1,000,000 | 1,000,000 | ||
Commercial Agency [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Debt securities available for sale | 5,769,000,000 | 6,373,000,000 | |||
Commercial Agency [Member] | Recurring Fair Value Measurements [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Debt securities available for sale | 5,769,000,000 | 6,373,000,000 | |||
Commercial Agency [Member] | Level 1 [Member] | Recurring Fair Value Measurements [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Debt securities available for sale | 0 | 0 | |||
Commercial Agency [Member] | Level 2 [Member] | Recurring Fair Value Measurements [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Debt securities available for sale | 5,769,000,000 | 6,373,000,000 | |||
Commercial Agency [Member] | Level 3 [Member] | Recurring Fair Value Measurements [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Debt securities available for sale | 0 | 0 | |||
Commercial Non-Agency [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Debt securities available for sale | 464,000,000 | 536,000,000 | |||
Commercial Non-Agency [Member] | Recurring Fair Value Measurements [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Debt securities available for sale | 464,000,000 | 536,000,000 | |||
Commercial Non-Agency [Member] | Level 1 [Member] | Recurring Fair Value Measurements [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Debt securities available for sale | 0 | 0 | |||
Commercial Non-Agency [Member] | Level 2 [Member] | Recurring Fair Value Measurements [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Debt securities available for sale | 464,000,000 | 536,000,000 | |||
Commercial Non-Agency [Member] | Level 3 [Member] | Recurring Fair Value Measurements [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Debt securities available for sale | 0 | 0 | |||
Corporate and other debt securities [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Debt securities available for sale | 1,320,000,000 | 1,381,000,000 | |||
Corporate and other debt securities [Member] | Recurring Fair Value Measurements [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Debt securities available for sale | 1,320,000,000 | 1,381,000,000 | |||
Corporate and other debt securities [Member] | Level 1 [Member] | Recurring Fair Value Measurements [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Debt securities available for sale | 0 | 0 | |||
Corporate and other debt securities [Member] | Level 2 [Member] | Recurring Fair Value Measurements [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Debt securities available for sale | 1,319,000,000 | 1,380,000,000 | |||
Corporate and other debt securities [Member] | Level 3 [Member] | Recurring Fair Value Measurements [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Debt securities available for sale | [1] | $ 1,000,000 | $ 1,000,000 | ||
[1] | All following disclosures related to Level 3 recurring assets do not include those deemed to be immaterial. | ||||
[2] | See Note 6 to the consolidated financial statements of the Annual Report on Form 10-K for the year ended December 31, 2021 for additional disclosures related to assumptions used in the fair value calculation for residential mortgage servicing rights. | ||||
[3] | As permitted under U.S. GAAP, variation margin collateral payments made or received for derivatives that are centrally cleared are legally characterized as settled. As such, these derivative assets and derivative liabilities and the related variation margin collateral are presented on a net basis on the balance sheet. |
Fair Value Measurements (Rollfo
Fair Value Measurements (Rollforward For Assets And Liabilities Measured At Fair Value On A Recurring Basis With Level 3 Significant Unobservable Inputs) (Details) - USD ($) $ in Millions | 3 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | |||
Purchases | $ 30 | $ 73 | |
Commercial Mortgage Loans Held For Sale | |||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | |||
Opening balance | 90 | ||
Gain (Loss) Included in Earnings | [1] | (3) | |
Purchases | 51 | ||
Sales | (126) | ||
Closing balance | $ 12 | ||
[1] | Included in capital markets income |
Fair Value Measurements (Summar
Fair Value Measurements (Summary Of Quantitative Information About Level 3 Fair Value Measurements) (Details) $ in Millions | Mar. 31, 2022USD ($) | Dec. 31, 2021USD ($) | |||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||||
Residential mortgage servicing rights | $ 542 | $ 418 | |||
Loans held for sale | 507 | 783 | |||
Level 3 [Member] | |||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||||
Loans held for sale | 20 | 104 | |||
Mortgage Servicing Rights [Member] | Discounted Cash Flow [Member] | Level 3 [Member] | |||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||||
Assets, Fair Value Disclosure | [1] | 542 | |||
Recurring Fair Value Measurements [Member] | |||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||||
Residential mortgage servicing rights | 542 | 418 | |||
Loans held for sale | 507 | 783 | |||
Recurring Fair Value Measurements [Member] | Level 3 [Member] | |||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||||
Residential mortgage servicing rights | 542 | 418 | [2] | ||
Loans held for sale | $ 12 | [3] | $ 90 | [2] | |
Recurring Fair Value Measurements [Member] | Mortgage Servicing Rights [Member] | Minimum [Member] | Discounted Cash Flow [Member] | |||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||||
Weighted Average CPR | 0.070 | 0.072 | |||
Option-Adjusted Spread | 3.50% | 3.70% | |||
Recurring Fair Value Measurements [Member] | Mortgage Servicing Rights [Member] | Maximum [Member] | Discounted Cash Flow [Member] | |||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||||
Weighted Average CPR | 0.228 | 0.222 | |||
Option-Adjusted Spread | 10.90% | 7.70% | |||
Recurring Fair Value Measurements [Member] | Mortgage Servicing Rights [Member] | Weighted Average [Member] | Discounted Cash Flow [Member] | |||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||||
Weighted Average CPR | 0.096 | 0.105 | |||
Option-Adjusted Spread | 4.50% | 4.50% | |||
Recurring Fair Value Measurements [Member] | Commercial Mortgage Loans Held For Sale | Level 3 [Member] | |||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||||
Loans held for sale | $ 90 | ||||
Recurring Fair Value Measurements [Member] | Commercial Mortgage Loans Held For Sale | Minimum [Member] | Valuation Technique, Discounted Cash Flow | |||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||||
Loans Held-for-sale, Measurement Input | 0.002 | ||||
Recurring Fair Value Measurements [Member] | Commercial Mortgage Loans Held For Sale | Maximum [Member] | Valuation Technique, Discounted Cash Flow | |||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||||
Loans Held-for-sale, Measurement Input | 0.194 | ||||
Recurring Fair Value Measurements [Member] | Commercial Mortgage Loans Held For Sale | Weighted Average [Member] | Valuation Technique, Discounted Cash Flow | |||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||||
Loans Held-for-sale, Measurement Input | 0.013 | ||||
[1] | See Note 4 for additional disclosures related to assumptions used in the fair value calculation for residential mortgage servicing rights. | ||||
[2] | See Note 6 to the consolidated financial statements of the Annual Report on Form 10-K for the year ended December 31, 2021 for additional disclosures related to assumptions used in the fair value calculation for residential mortgage servicing rights. | ||||
[3] | All following disclosures related to Level 3 recurring assets do not include those deemed to be immaterial. |
Fair Value Measurements (Fair V
Fair Value Measurements (Fair Value Option, Fair Value and Unpaid Principal Balance) (Details) - Mortgage loans held for sale [Member] - USD ($) $ in Millions | 3 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Dec. 31, 2021 | |
Fair Value, Option, Quantitative Disclosures [Line Items] | |||
Mortgages Held-for-sale, Fair Value Disclosure | $ 479 | $ 680 | |
Fair Value Option Mortgages Held For Sale Aggregate Unpaid Principal | 482 | 659 | |
Aggregate Fair Value Less Aggregate Unpaid Principal | (3) | $ 21 | |
Net gains (losses) resulting from changes in fair value | $ (23) | $ (50) |
Fair Value Measurements (Sche_2
Fair Value Measurements (Schedule Of Carrying Amounts And Estimated Fair Values Of Financial Instruments) (Details) - USD ($) | Mar. 31, 2022 | Dec. 31, 2021 | ||
Financial Assets [Abstract] | ||||
Debt securities held to maturity | $ 866,000,000 | $ 950,000,000 | ||
Debt securities available for sale | 29,384,000,000 | 28,481,000,000 | ||
Loans held for sale | 507,000,000 | 783,000,000 | ||
Other earning assets | 1,504,000,000 | 1,187,000,000 | ||
Derivative Asset, Fair Value, Gross Asset | 1,490,000,000 | 1,111,000,000 | ||
Financial Liabilities [Abstract] | ||||
Derivative Liabilities, Fair Value, Gross Liability | 1,890,000,000 | 1,012,000,000 | ||
Fair Value Premium on Loan Portfolio, Amount | $ 220,000,000 | |||
Fair Value Premium on Loan Portfolio, Rate | 0.30% | |||
Capital leases, carrying amount excluded | 1,400,000,000 | $ 1,400,000,000 | ||
Operating leases, carrying amount excluded | 77,000,000 | 83,000,000 | ||
Fair value of loans, discount, amount | $ 1,600,000,000 | |||
Fair Value Discount on Loan Portfolio, Rate | 1.90% | |||
Estimate of Fair Value [Member] | ||||
Financial Assets [Abstract] | ||||
Cash and cash equivalents | $ 27,945,000,000 | [1] | 29,411,000,000 | [2] |
Debt securities held to maturity | 866,000,000 | [1] | 950,000,000 | [2] |
Debt securities available for sale | 29,384,000,000 | [1] | 28,481,000,000 | [2] |
Loans held for sale | 694,000,000 | [1] | 1,003,000,000 | [2] |
Loans (excluding leases), net of unearned income and allowance for loan losses | 84,933,000,000 | [1],[3],[4] | 85,086,000,000 | [2],[5],[6] |
Other earning assets | 1,427,000,000 | [1],[7] | 1,104,000,000 | [2],[8] |
Derivative Asset, Fair Value, Gross Asset | 1,490,000,000 | [1] | 1,111,000,000 | [2] |
Financial Liabilities [Abstract] | ||||
Derivative Liabilities, Fair Value, Gross Liability | 1,890,000,000 | [1] | 1,012,000,000 | [2] |
Deposits | 140,991,000,000 | [1],[9] | 139,101,000,000 | [2],[10] |
Long-term borrowings | 2,608,000,000 | [1] | 2,847,000,000 | [2] |
Loan commitments and letters of credit | 106,000,000 | [1] | 123,000,000 | [2] |
Carrying Amount [Member] | ||||
Financial Assets [Abstract] | ||||
Cash and cash equivalents | 27,945,000,000 | 29,411,000,000 | ||
Debt securities held to maturity | 864,000,000 | 899,000,000 | ||
Debt securities available for sale | 29,384,000,000 | 28,481,000,000 | ||
Loans held for sale | 694,000,000 | 1,003,000,000 | ||
Loans (excluding leases), net of unearned income and allowance for loan losses | 86,537,000,000 | [3],[4] | 84,866,000,000 | [5],[6] |
Other earning assets | 1,427,000,000 | [7] | 1,104,000,000 | [8] |
Derivative Asset, Fair Value, Gross Asset | 1,490,000,000 | 1,111,000,000 | ||
Financial Liabilities [Abstract] | ||||
Derivative Liabilities, Fair Value, Gross Liability | 1,890,000,000 | 1,012,000,000 | ||
Deposits | 141,022,000,000 | [9] | 139,072,000,000 | [10] |
Long-term borrowings | 2,343,000,000 | 2,407,000,000 | ||
Loan commitments and letters of credit | 106,000,000 | 123,000,000 | ||
Level 1 [Member] | ||||
Financial Assets [Abstract] | ||||
Cash and cash equivalents | 27,945,000,000 | 29,411,000,000 | ||
Debt securities held to maturity | 0 | 0 | ||
Debt securities available for sale | 1,030,000,000 | 1,132,000,000 | ||
Loans held for sale | 0 | 0 | ||
Loans (excluding leases), net of unearned income and allowance for loan losses | 0 | [3],[4] | 0 | [5],[6] |
Other earning assets | 584,000,000 | [7] | 464,000,000 | [8] |
Derivative Asset, Fair Value, Gross Asset | 0 | 0 | ||
Financial Liabilities [Abstract] | ||||
Derivative Liabilities, Fair Value, Gross Liability | 0 | 0 | ||
Deposits | 0 | [9] | 0 | [10] |
Long-term borrowings | 0 | 0 | ||
Loan commitments and letters of credit | 0 | 0 | ||
Level 2 [Member] | ||||
Financial Assets [Abstract] | ||||
Cash and cash equivalents | 0 | 0 | ||
Debt securities held to maturity | 866,000,000 | 950,000,000 | ||
Debt securities available for sale | 28,352,000,000 | 27,347,000,000 | ||
Loans held for sale | 674,000,000 | 899,000,000 | ||
Loans (excluding leases), net of unearned income and allowance for loan losses | 0 | [3],[4] | 0 | [5],[6] |
Other earning assets | 843,000,000 | [7] | 640,000,000 | [8] |
Derivative Asset, Fair Value, Gross Asset | 1,480,000,000 | 1,098,000,000 | ||
Financial Liabilities [Abstract] | ||||
Derivative Liabilities, Fair Value, Gross Liability | 1,886,000,000 | 1,009,000,000 | ||
Deposits | 140,991,000,000 | [9] | 139,101,000,000 | [10] |
Long-term borrowings | 2,606,000,000 | 2,845,000,000 | ||
Loan commitments and letters of credit | 0 | 0 | ||
Level 3 [Member] | ||||
Financial Assets [Abstract] | ||||
Cash and cash equivalents | 0 | 0 | ||
Debt securities held to maturity | 0 | 0 | ||
Debt securities available for sale | 2,000,000 | 2,000,000 | ||
Loans held for sale | 20,000,000 | 104,000,000 | ||
Loans (excluding leases), net of unearned income and allowance for loan losses | 84,933,000,000 | [3],[4] | 85,086,000,000 | [5],[6] |
Other earning assets | 0 | [7] | 0 | [8] |
Derivative Asset, Fair Value, Gross Asset | 10,000,000 | 13,000,000 | ||
Financial Liabilities [Abstract] | ||||
Derivative Liabilities, Fair Value, Gross Liability | 4,000,000 | 3,000,000 | ||
Deposits | 0 | [9] | 0 | [10] |
Long-term borrowings | 2,000,000 | 2,000,000 | ||
Loan commitments and letters of credit | $ 106,000,000 | $ 123,000,000 | ||
[1] | Estimated fair values are consistent with an exit price concept. The assumptions used to estimate the fair values are intended to approximate those that a market participant would use in a hypothetical orderly transaction. In estimating fair value, the Company makes adjustments for estimated changes in interest rates, market liquidity and credit spreads in the periods they are deemed to have occurred. | |||
[2] | Estimated fair values are consistent with an exit price concept. The assumptions used to estimate the fair values are intended to approximate those that a market participant would use in a hypothetical orderly transaction. In estimating fair value, the Company makes adjustments for estimated changes in interest rates, market liquidity and credit spreads in the periods they are deemed to have occurred. | |||
[3] | Excluded from this table is the sales-type, direct financing, and leveraged lease carrying amount of $1.4 billion at March 31, 2022. | |||
[4] | The estimated fair value of portfolio loans assumes sale of the loans to a third-party financial investor. Accordingly, the value to the Company if the loans were held to maturity is not reflected in the fair value estimate. The fair value discount on the loan portfolio's net carrying amount at March 31, 2022 was $1.6 billion or 1.9 percent. | |||
[5] | Excluded from this table is the sales-type, direct financing, and leveraged lease carrying amount of $1.4 billion at December 31, 2021. | |||
[6] | The estimated fair value of portfolio loans assumes sale of the loans to a third-party financial investor. Accordingly, the value to the Company if the loans were held to maturity is not reflected in the fair value estimate. The fair value premium on the loan portfolio's net carrying amount at December 31, 2021 was $220 million or 0.3 percent. | |||
[7] | Excluded from this table is the operating lease carrying amount of $77 million at March 31, 2022 | |||
[8] | Excluded from this table is the operating lease carrying amount of $83 million at December 31, 2021. | |||
[9] | The fair value of non-interest-bearing demand accounts, interest-bearing checking accounts, savings accounts, money market accounts and certain other time deposit accounts is the amount payable on demand at the reporting date (i.e., the carrying amount). Fair values for certificates of deposit are estimated by using discounted cash flow analyses, based on market spreads to benchmark rates. | |||
[10] | The fair value of non-interest-bearing demand accounts, interest-bearing checking accounts, savings accounts, money market accounts and certain other time deposit accounts is the amount payable on demand at the reporting date (i.e., the carrying amount). Fair values for certificates of deposit are estimated by using discounted cash flow analyses, based on market spreads to benchmark rates. |
Business Segment Information (S
Business Segment Information (Schedule Of Financial Information By Reportable Segment) (Details) $ in Millions | 3 Months Ended | |
Mar. 31, 2022USD ($)segment | Mar. 31, 2021USD ($) | |
Segment Reporting Information [Line Items] | ||
Number of reportable segments | segment | 3 | |
Provision (Credit) for Credit Losses | $ (36) | $ (142) |
Total non-interest income | 584 | 641 |
Non-interest expense | 933 | 928 |
Income tax expense | 154 | 180 |
Corporate Bank [Member] | ||
Segment Reporting Information [Line Items] | ||
Net interest income and other financing income (loss) | 434 | 435 |
Provision (Credit) for Credit Losses | 71 | 77 |
Total non-interest income | 184 | 193 |
Non-interest expense | 279 | 270 |
Income before income taxes | 268 | 281 |
Income tax expense | 67 | 70 |
Net income | 201 | 211 |
Average assets | 60,292 | 59,469 |
Consumer Bank [Member] | ||
Segment Reporting Information [Line Items] | ||
Net interest income and other financing income (loss) | 546 | 497 |
Provision (Credit) for Credit Losses | 71 | 65 |
Total non-interest income | 304 | 331 |
Non-interest expense | 557 | 532 |
Income before income taxes | 222 | 231 |
Income tax expense | 55 | 58 |
Net income | 167 | 173 |
Average assets | 36,263 | 34,068 |
Wealth Management [Member] | ||
Segment Reporting Information [Line Items] | ||
Net interest income and other financing income (loss) | 35 | 35 |
Provision (Credit) for Credit Losses | 2 | 3 |
Total non-interest income | 103 | 92 |
Non-interest expense | 98 | 93 |
Income before income taxes | 38 | 31 |
Income tax expense | 9 | 7 |
Net income | 29 | 24 |
Average assets | 2,139 | 2,047 |
Other [Member] | ||
Segment Reporting Information [Line Items] | ||
Net interest income and other financing income (loss) | 0 | 0 |
Provision (Credit) for Credit Losses | (180) | (287) |
Total non-interest income | (7) | 25 |
Non-interest expense | (1) | 33 |
Income before income taxes | 174 | 279 |
Income tax expense | 23 | 45 |
Net income | 151 | 234 |
Average assets | 63,034 | 50,970 |
Consolidated [Member] | ||
Segment Reporting Information [Line Items] | ||
Net interest income and other financing income (loss) | 1,015 | 967 |
Provision (Credit) for Credit Losses | (36) | (142) |
Total non-interest income | 584 | 641 |
Non-interest expense | 933 | 928 |
Income before income taxes | 702 | 822 |
Income tax expense | 154 | 180 |
Net income | 548 | 642 |
Average assets | $ 161,728 | $ 146,554 |
Commitments, Contingencies an_3
Commitments, Contingencies and Guarantees (Credit Risk Of Off-Balance Sheet Financial Instruments By Contractual Amounts) (Details) - USD ($) $ in Millions | Mar. 31, 2022 | Dec. 31, 2021 | Mar. 31, 2021 | Dec. 31, 2020 |
Other Commitments [Line Items] | ||||
Unused commitments to extend credit | $ 62,258 | $ 60,935 | ||
Standby Letters Of Credit Commitment | 1,813 | 1,779 | ||
Commercial letters of credit | 92 | 97 | ||
Liabilities associated with standby letters of credit | 30 | 28 | ||
Assets associated with standby letters of credit | 31 | 29 | ||
Reserve for unfunded credit commitments | $ 76 | $ 95 | $ 92 | $ 126 |
Commitments, Contingencies an_4
Commitments, Contingencies and Guarantees (Narrative) (Details) - USD ($) $ in Millions | Mar. 31, 2022 | Dec. 31, 2021 |
Commitments and Contingencies Disclosure [Abstract] | ||
Loss Contingency, Range of Possible Loss, Portion Not Accrued | $ 20 | |
Long-term Purchase Commitment [Line Items] | ||
Fannie Mae DUS Servicing Portfolio, Amount | 4,700 | $ 4,700 |
Maximum Quantifiable Fannie Mae DUS Loss Share Guarantee | 1,700 | 1,700 |
Estimated Fair Value of the Fannie Mae DUS Loss Share Guarantee | 7 | 7 |
Fannie Mae Servicing Portfolio, Other, Amount | $ 493 | $ 400 |