Credit Quality and the Allowance for Loan and Lease Losses | 6 . CREDIT QUALITY AND THE ALLO WANCE FOR LOAN AND LEASE LOSSES The Bancorp disaggregates ALLL balances and transactions in the ALLL by portfolio segment. Credit quality related disclosures for loans and leases are further disaggregated by class . Allowance for Loan and Lease Losses The following tables summarize transactions in the ALLL by portfolio segment for the years ended December 31: Residential 2017 ($ in millions) Commercial Mortgage Consumer Unallocated Total Balance, beginning of period $ 831 96 214 112 1,253 Losses charged-off (154) (15) (212) - (381) Recoveries of losses previously charged-off 29 8 46 - 83 Provision for loan and lease losses 66 - 186 9 261 Deconsolidation of a VIE (a) (19) - - (1) (20) Balance, end of period $ 753 89 234 120 1,196 (a) Refer to Note 11 for further discussion on the deconsolidation of a VIE. Residential 2016 ($ in millions) Commercial Mortgage Consumer Unallocated Total Balance, beginning of period $ 840 100 217 115 1,272 Losses charged-off (232) (19) (205) - (456) Recoveries of losses previously charged-off 42 9 43 - 94 Provision for loan and lease losses 181 6 159 (3) 343 Balance, end of period $ 831 96 214 112 1,253 Residential 2015 ($ in millions) Commercial Mortgage Consumer Unallocated Total Balance, beginning of period $ 875 104 237 106 1,322 Losses charged-off (298) (28) (216) - (542) Recoveries of losses previously charged-off 37 11 48 - 96 Provision for loan and lease losses 226 13 148 9 396 Balance, end of period $ 840 100 217 115 1,272 The following tables provide a summary of the ALLL and related loans and leases classified by portfolio segment: Residential As of December 31, 2017 ($ in millions) Commercial Mortgage Consumer Unallocated Total ALLL: (a) Individually evaluated for impairment $ 94 a 64 42 - 200 Collectively evaluated for impairment 659 25 192 - 876 Unallocated - - - 120 120 Total ALLL $ 753 89 234 120 1,196 Portfolio loans and leases: (b) Individually evaluated for impairment $ 560 a 665 320 - 1,545 Collectively evaluated for impairment 55,835 14,787 19,664 - 90,286 Loans acquired with deteriorated credit quality - 2 - - 2 Total portfolio loans and leases $ 56,395 15,454 19,984 - 91,833 Includes $ 1 related to leveraged leases at December 31, 2017 . Excludes $ 137 of residential mortgage loans measured at fair value, and includes $ 674 of leveraged leases, net of unearned income, at December 31, 2017 . Residential As of December 31, 2016 ($ in millions) Commercial Mortgage Consumer Unallocated Total ALLL: (a) Individually evaluated for impairment $ 118 (c) a 68 44 - 230 Collectively evaluated for impairment 713 28 170 - 911 Unallocated - - - 112 112 Total ALLL $ 831 96 214 112 1,253 Portfolio loans and leases: (b) Individually evaluated for impairment $ 904 (c) a 652 371 - 1,927 Collectively evaluated for impairment 55,548 14,253 20,224 - 90,025 Loans acquired with deteriorated credit quality - 3 - - 3 Total portfolio loans and leases $ 56,452 14,908 20,595 - 91,955 Includes $ 2 related to leveraged leases at December 31, 2016 . Excludes $ 143 of residential mortgage loans measured at fair value , and includes $ 701 of leveraged leases, net of unearned income at December 31, 2016 . Includes five restruc tured loans at December 31, 2016 associated with a consolida ted VIE in which the Bancorp had no continuing credit risk due to the risk being assumed by a third party, w ith a recorded investment of $26 and an ALLL of $18 . Refer to Note 11 for further discussion on the deconsolidation of a VIE associated with these loans in the third quarter of 2017. C REDIT RISK PROFILE Commercial Portfolio Segment For purposes of analyzing historical loss rates used in the determination of the ALLL and monitoring the credit quality and risk characteristics of its commercial portfolio segment, the Bancorp disaggregates the segment into the following classes: commercial and industrial, commercial mortgage owner- occupied, commercial mortgage non owner- occupied, commerc ial construction and commercial leas es . To facilitate the monitoring of credit quality within the commercial portfolio segment, and for purposes of analyzing historical loss rates used in the determination of the ALLL for the commercial portfolio segment, the Bancorp utilizes the following categories of credit grades: pass, special mention, substandard, doubtful and loss. The five categories, which are derived from standard regulatory rating definitions, are assigned upon initial approval of credit to borr owers and updated periodically thereafter. Pass ratings, which are assigned to those borrowers that do not have identified potential or well defined weaknesses and for which there is a high likelihood of orderly repayment, are updated at least annually ba sed on the size and credit characteristics of the borrower. All other categories are updated on a quarterly basis during the month preceding the end of the calendar quarter. The Bancorp assigns a special mention rating to loans and leases that have potent ial weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may, at some future date, result in the deterioration of the repayment prospects for the loan or lease or the Bancorp’s credit position. The Bancorp assigns a substandard rating to loans and leases that are inadequately protected by the current sound worth and paying capacity of the borrower or of the collateral pledged. Substandard loans and leases have well defined weaknesses or weaknesses that could jeopardize the orderly repayment of the debt. Loans and leases in this grade also are characterized by the distinct possibility that the Bancorp will sustain some loss if the deficiencies noted are not addressed and corrected. The Bancorp assigns a doubtf ul rating to loans and leases that have all the attributes of a substandard rating with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionab le and improbable. The possibility of loss is extremely high, but because of certain important and reasonable specific pending factors that may work to the advantage of and strengthen the credit quality of the loan or lease, its classification as an estima ted loss is deferred until its more exact status may be determined. Pending factors may include a proposed merger or acquisition, liquidation proceeding, capital injection, perfecting liens on additional collateral or refinancing plans. Loans and leases cl assified as loss are considere d uncollectible and are charged- off in the period in which they are determined to be uncollectible. Because loans and leases in this category are ful ly charged-off , they are not included in the following tables. The following tables summarize the credit risk profile of the Bancorp’s commercial portfolio segment, by class: Special As of December 31, 2017 ($ in millions) Pass Mention Substandard Doubtful Total Commercial and industrial loans $ 38,813 1,115 1,235 7 41,170 Commercial mortgage owner-occupied loans 3,207 75 80 - 3,362 Commercial mortgage nonowner-occupied loans 3,117 28 97 - 3,242 Commercial construction loans 4,553 - - - 4,553 Commercial leases 3,922 72 74 - 4,068 Total commercial loans and leases $ 53,612 1,290 1,486 7 56,395 Special As of December 31, 2016 ($ in millions) Pass Mention Substandard Doubtful Total Commercial and industrial loans $ 38,844 1,204 1,604 24 41,676 Commercial mortgage owner-occupied loans 3,168 72 117 3 3,360 Commercial mortgage nonowner-occupied loans 3,466 4 69 - 3,539 Commercial construction loans 3,902 1 - - 3,903 Commercial leases 3,894 54 26 - 3,974 Total commercial loans and leases $ 53,274 1,335 1,816 27 56,452 Residential Mortgage and Consumer Portfolio Segments For purposes of monitoring the credit quality and risk characteristics of its consumer portfolio segment, the Bancorp disaggregates the segment into the following classes: home equity, automobile loans, credit card and other consumer loans and leases. The Bancorp’s residential mortgage portfolio segment is also a separate class. The Bancorp considers repayment performance as the best indicator of credit quality for residential mortgage and consumer loans , which includes both the delinquency status and performing versus nonperforming status of the loans. The delinquency status of all residential mortgage and consumer loans is presented by class in the age analysis section while the performing versus nonper forming status is presented in the following table . Refer to the nonaccrual loans and leases section of Note 1 for additional delinquenc y and nonperforming information . The following table presents a summary of the Bancorp’s residential mortgage and consumer portfolio segments, by class, disaggregated into performing versus nonperforming status as of December 31: 2017 2016 ($ in millions) Performing Nonperforming Performing Nonperforming Residential mortgage loans (a) $ 15,424 30 14,874 34 Home equity 6,940 74 7,622 73 Automobile loans 9,111 1 9,981 2 Credit card 2,273 26 2,209 28 Other consumer loans 1,559 - 680 - Total residential mortgage and consumer loans (a) $ 35,307 131 35,366 137 (a) Excludes $ 137 and $ 143 of residential mortgage loans measured at fair value at December 31, 2017 and 2016 , respectively . Age Analysis of Past Due Loans and Leases The following tables summarize the Bancorp’s recorded investment in portfolio loans and leases, by age and class: Current Past Due 90 Days Past Loans and 30-89 90 Days Total Total Loans Due and Still As of December 31, 2017 ($ in millions) Leases (b)(c) Days (c) or More (c) Past Due and Leases Accruing Commercial loans and leases: Commercial and industrial loans $ 41,027 42 101 143 41,170 3 Commercial mortgage owner-occupied loans 3,351 3 8 11 3,362 - Commercial mortgage nonowner-occupied loans 3,235 - 7 7 3,242 - Commercial construction loans 4,552 1 - 1 4,553 - Commercial leases 4,065 3 - 3 4,068 - Residential mortgage loans (a) 15,301 66 87 153 15,454 57 Consumer loans: Home equity 6,888 70 56 126 7,014 - Automobile loans 8,992 107 13 120 9,112 10 Credit card 2,230 36 33 69 2,299 27 Other consumer loans 1,554 5 - 5 1,559 - Total portfolio loans and leases (a) $ 91,195 333 305 638 91,833 97 Excludes $ 137 of residential mortgage loans measured at fair value at December 31, 2017 . Information includes advances made pursuant to servicing agreements for GNMA mortgage pools whose repayments are insured by the FHA or guaranteed by the VA. A s of December 31, 2017 , $ 95 of these loans were 30-89 days past due and $ 290 were 90 days or more past due. The Bancorp recognized $ 5 of losses during the year ended December 31, 2017 due to claim denials and curtailments a ssociated with these insured or guaranteed loans. Includes accrual and nonaccrual loans and leases. Current Past Due 90 Days Past Loans and 30-89 90 Days Total Total Loans Due and Still As of December 31, 2016 ($ in millions) Leases (b)(c) Days (c) or More (c) Past Due and Leases Accruing Commercial loans and leases: Commercial and industrial loans $ 41,495 87 94 181 41,676 4 Commercial mortgage owner-occupied loans 3,332 6 22 28 3,360 - Commercial mortgage nonowner-occupied loans 3,530 2 7 9 3,539 - Commercial construction loans 3,902 1 - 1 3,903 - Commercial leases 3,972 - 2 2 3,974 - Residential mortgage loans (a) 14,790 37 81 118 14,908 49 Consumer loans: Home equity 7,570 68 57 125 7,695 - Automobile loans 9,886 85 12 97 9,983 9 Credit card 2,183 28 26 54 2,237 22 Other consumer loans 679 1 - 1 680 - Total portfolio loans and leases (a) $ 91,339 315 301 616 91,955 84 Excludes $ 143 of residential mortgage loans measured at fair value at December 31, 2016 . Information includes advances made pursuant to servicing agreements for GNMA mortgage pools whose repayments are insured by the FHA or guaranteed by the VA . A s of December 31, 2016 , $ 110 of these loans were 30-89 days past due and $ 312 were 90 days or more past due. The Bancorp recognized $ 6 of losses during the year ended December 31, 2016 due to claim denials and curtailments associated with these insured or guaranteed loans . Includes accrual and nonaccrual loans and leases . Impaired Portfolio Loans and Leases Larger commercial loans and leases included within aggregate borrower relationship balances exceeding $ 1 million that exhibit probable or observed credit weaknesses are subject to individual review for impairment. The Bancorp also performs an individual review on loans and leases that are restructured in a TDR . The Bancorp considers the current value of collateral, credit quality of any guarantees, the loan structure and other factors when evaluating whether an individu al loan or lease is impaired. Other factors may include the geography and industry of the borrower, size and financial condition of the borrower, cash flow and leverage of the borrower and the Bancorp’s evaluation of the borrower’s management. Smaller- bala nce homogenous loans or leases that are collectively evaluated for impairment are not included in the following tables. The following tables summarize the Bancorp’s impaired portfolio loans and leases, by class, that were subject to individual review, which includes all portfolio loans and leases restructured in a TDR as of December 31: Unpaid Principal Recorded 2017 ($ in millions) Balance Investment ALLL With a related ALLL: Commercial loans and leases: Commercial and industrial loans $ 433 358 87 Commercial mortgage owner-occupied loans 16 14 7 Commercial mortgage nonowner-occupied loans 4 3 - Commercial leases 4 4 - Restructured residential mortgage loans 469 465 64 Restructured consumer loans: Home equity 172 172 27 Automobile loans 8 7 1 Credit card 52 45 14 Total impaired portfolio loans and leases with a related ALLL $ 1,158 1,068 200 With no related ALLL: Commercial loans: Commercial and industrial loans $ 151 131 - Commercial mortgage owner-occupied loans 18 15 - Commercial mortgage nonowner-occupied loans 35 35 - Restructured residential mortgage loans 218 200 - Restructured consumer loans: Home equity 97 94 - Automobile loans 2 2 - Total impaired portfolio loans with no related ALLL $ 521 477 - Total impaired portfolio loans and leases $ 1,679 1,545 (a) 200 Includes $ 249 , $ 652 and $ 275 , respectively, of commercial, residential mortgage and consumer portfolio TDRs on accrual status and $ 150 , $ 13 and $ 45 , respectively, of commercial, residential mortgage and consumer portfolio TDRs on nonaccrual status at December 31, 2017 . Unpaid Principal Recorded 2016 ($ in millions) Balance Investment ALLL With a related ALLL: Commercial loans and leases: Commercial and industrial loans $ 440 414 94 Commercial mortgage owner-occupied loans (b) 24 16 5 Commercial mortgage nonowner-occupied loans 7 6 1 Commercial leases 2 2 - Restructured residential mortgage loans 471 465 68 Restructured consumer loans: Home equity 202 201 30 Automobile loans 12 12 2 Credit card 52 52 12 Total impaired portfolio loans and leases with a related ALLL $ 1,210 1,168 212 With no related ALLL: Commercial loans and leases: Commercial and industrial loans $ 394 320 - Commercial mortgage owner-occupied loans 36 35 - Commercial mortgage nonowner-occupied loans 93 83 - Commercial leases 2 2 - Restructured residential mortgage loans 207 187 - Restructured consumer loans: Home equity 107 104 - Automobile loans 3 2 - Total impaired portfolio loans and leases with no related ALLL $ 842 733 - Total impaired portfolio loans and leases $ 2,052 1,901 a (a) 212 Includes $ 322 , $ 635 and $ 323 , respectively, of commercial, residential mortgage and consumer portfolio TDRs on accrual status and $ 192 , $ 17 and $ 48 , respectively, of commercial, residential mortgage and consumer portfolio TDRs on nonaccrual status at December 31, 2016 . Ex cludes five restructured loans at December 31, 2016 associated with a consolidated VIE in which the Bancorp had no continuing credit risk due to the risk being assumed by a third party, with an unpaid principal balance of $ 26 , a recorded investment of $ 26 and an ALLL of $ 18 . Refer to Note 11 for further discussion on the deconsolidation o f a VIE associated with these loans in the third quarter of 2017. The following table summarizes the Bancorp’s average impaired portfolio loans and leases, by class, and interest income, by class, for the years ended December 31: 2017 2016 2015 Average Interest Average Interest Average Interest Recorded Income Recorded Income Recorded Income ($ in millions) Investment Recognized Investment Recognized Investment Recognized Commercial loans and leases: Commercial and industrial loans $ 579 10 691 10 663 21 Commercial mortgage owner-occupied loans (a) 35 - 63 1 92 2 Commercial mortgage nonowner-occupied loans 61 1 139 5 224 7 Commercial construction loans - - 3 - 41 1 Commercial leases 3 - 5 - 5 - Restructured residential mortgage loans 657 25 647 25 586 23 Restructured consumer loans: Home equity 281 12 325 12 361 13 Automobile loans 11 - 17 - 22 1 Credit card 50 4 56 5 68 6 Total average impaired portfolio loans and leases $ 1,677 52 1,946 58 2,062 74 Excludes five restructured loans associated with a consolid ated VIE in which the Bancorp had no continuing credit risk due to the risk being assumed by a third party, with an average recorded investment of $ 13 , $ 26 and $ 27 for t he years ended December 31, 2017 , 2016, and 2015, respectively. An immaterial amount of interest income was recognized during t he years ended December 31, 2017 , 2016, and 2015. Refer to Note 11 for further discus sion on the deconsolidation of the VIE associated with these loans i n the third quarter of 2017. Excludes five restructured loans associated with a consolid ated VIE in which the Bancorp had no continuing credit risk due to the risk being assumed by a third party, with an average recorded investment of $ 13 , $ 26 and $ 27 for t he years ended December 31, 2017 , 2016, and 2015, respectively. An immaterial amount of interest income was recognized during t he years ended December 31, 2017 , 2016, and 2015. Refer to Note 11 for further discus sion on the deconsolidation of the VIE associated with these loans i n the third quarter of 2017. Nonperforming Assets Nonperforming assets include nonaccrual loans and leases for which ultimate collectability of the full amount of the principal and/or interest is uncertain; restructured commercial and credit card loans which have not yet met the requirements to be classified as a performing asset; restructured consumer loans which are 90 days past due based on the restructured terms unless the loan is both well-secured and in the process of collection; and certain other assets, including OREO and other repossessed property. The following table presents the Bancorp’s nonaccrual loans and leases, by class, and OREO and other repossessed property as of December 31: ($ in millions) 2017 2016 Commercial loans and leases: Commercial and industrial loans $ 276 478 Commercial mortgage owner-occupied loans (c) 19 32 Commercial mortgage nonowner-occupied loans 7 9 Commercial leases 4 4 Total nonaccrual portfolio commercial loans and leases 306 523 Residential mortgage loans 30 34 Consumer loans: Home equity 74 73 Automobile loans 1 2 Credit card 26 28 Total nonaccrual portfolio consumer loans 101 103 Total nonaccrual portfolio loans and leases (a)(b) $ 437 660 OREO and other repossessed property 52 78 Total nonperforming portfolio assets (a)(b) $ 489 738 Excludes $ 6 and $ 13 of nonaccrual loans and leases held for sale at December 31, 2017 and 2016 , respectively. Includes $ 3 and $ 4 of nonaccrual government insured commercial loans whose repayments are insured by the SBA at December 31, 2017 and 2016 , respectively, of which $ 3 and $ 1 are restructured nonaccrual government insured commercial loans at December 31, 2017 and 2016 , respectively . Excludes $ 19 of restructured nonaccrua l loans at December 31, 2016 associated with a consolidated VIE in which the Bancorp had no continuing credit risk due the risk being assumed by a third party. Refer to Note 11 for further discussion on the deconsolidation of the VIE associated with these loans in the third quarte The Bancorp’s recorded investment of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings are in process according to local requirements of the applicable jurisdiction was $ 235 million and $ 260 million as of December 31, 2017 and 2016 , respectively. Troubled Debt Restructurings If a borrower is experiencing financial difficulty, the Bancorp may consider, in certain circumstances, modifying the terms of their loan to maximize collection of amount s due . Within each of the Bancorp’s loan classes, TDRs typically involve either a reduction of the stated interest rate of the loan, an extension o f the loan’s maturity date with a stated rate lower than the current market rate for a new loan with similar risk, or in limited circumstances, a reduction of the principal balance of the loan or the loan’s accrued interest. Modifying the terms of a loan may result in an increase or decrease to the ALLL depending upon the terms modified, the method used to measur e the ALLL for a loan prior to modification, and whether any charge-offs were recorded on the loan before o r at the time of modification. Ref er to the ALLL section of Note 1 for information on the Bancorp’s ALLL methodology. Upon modification of a loa n , the Bancorp measures the related imp airment as the difference between the estimated future cash fl ows expected to be collected on the modified loan, discounted at the original effective yield of the loan , and the carrying value of the loan. The resultin g measurement may result in the need for minimal or no allowance because it is probable that all cash flows will be collected under the modified terms of the loan. In addition, if the stated interest rate was increased in a TDR, the cash flows on the modified loan, using the pre- modification interest rate as the discount rate, often exceed the recorded investment of the loan. Conversely, upon a modification that reduces the stated interest rate on a loan, the Bancorp recognizes an impairment loss as an increase to the ALLL . If a TDR involves a reduction of the principal balance of the loan or the loan’s accrued i nterest, that amount is charged- off to the ALLL. The Bancorp had commitments to lend additional funds to borrowers whose terms have been m odified in a TDR, consisting of line of credit and letter of credit commitments of $ 53 million and $ 78 million, respectively, as of December 31, 2017 compared with $ 82 million and $ 57 million, respectively, as of December 31, 2016 . The following tables provide a summary of loans and leases, by class, modified in a TDR by the Bancorp during the years ended December 31: Recorded Investment Increase Number of Loans in Loans Modified (Decrease) Charge-offs Modified in a TDR in a TDR to ALLL Upon Recognized Upon 2017 ($ in millions) (a) During the Year (b) During the Year Modification Modification Commercial loans and leases: Commercial and industrial loans 75 $ 237 (5) 6 Commercial mortgage owner-occupied loans 9 8 5 - Commercial mortgage nonowner-occupied loans 4 - - - Commercial leases 1 4 - - Residential mortgage loans 830 116 5 - Consumer loans: Home equity 150 10 - - Automobile loans 102 - - - Credit card 8,085 38 8 1 Total portfolio loans and leases 9,256 $ 413 13 7 Excludes all loans and leases held for sale and loans acquired with deteriorated credit quality which were accounted for within a pool . Represents number of loans post-modification and excludes loans previously modified in a TDR . Recorded Investment Number of Loans in Loans Modified Increase Charge-offs Modified in a TDR in a TDR to ALLL Upon Recognized Upon 2016 ($ in millions) (a) During the Year (b) During the Year Modification Modification Commercial loans and leases: Commercial and industrial loans 74 $ 183 14 - Commercial mortgage owner-occupied loans 12 11 - - Commercial mortgage nonowner-occupied loans 4 5 2 - Commercial leases 5 16 - - Residential mortgage loans 924 137 8 - Consumer loans: Home equity 219 15 - - Automobile loans 221 3 - - Credit card 9,519 43 8 4 Total portfolio loans and leases 10,978 $ 413 32 4 Excludes all loans and leases held for sale and loans acquired with deteriorated credit quality which were accounted for within a pool . Represents number of loans post-modification and excludes loans previously modified in a TDR . Recorded Investment Increase Number of Loans in Loans Modified (Decrease) Charge-offs Modified in a TDR in a TDR to ALLL Upon Recognized Upon 2015 ($ in millions) (a) During the Year (b) During the Year Modification Modification Commercial loans: Commercial and industrial loans 77 $ 146 7 3 Commercial mortgage owner-occupied loans 18 16 (2) - Commercial mortgage nonowner-occupied loans 12 7 (1) - Residential mortgage loans 1,089 155 8 - Consumer loans: Home equity 267 16 (1) - Automobile loans 440 7 1 - Credit card 12,569 62 11 7 Total portfolio loans 14,472 $ 409 23 10 Excludes all loans and leases held for sale and loans acquired with deteriorated credit quality which were accounted for within a pool. Represents number of loans post-modification and excludes loans previously modified in a TDR. The Bancorp considers TDRs that become 90 days or more past due under the modified terms as subsequently defaulted. For commercial loans not subject to individual review for impairment, loss rates that are applied for purposes of determining the ALLL include historical losses associated with subsequent defaults on loans previously modified in a TDR. For consumer loans, the Bancorp performs a qualitative assessment of the adequacy of the consumer ALLL by comparing the consumer ALLL to forecasted consum er losses over the projected loss emergence period (the forecasted losses include the impact of subsequent defaults of consumer TDRs). When a residential mortgage, home equity, auto mobile or other consumer loan that has been modified in a TDR subsequently defaults, the present value of expected cash flows used in the measurement of the potential impairment loss is generally limited to the expected net proceeds from the sale of the loan’s underlying collateral and any resulting impairment loss is reflected a s a charge-off or an increase in ALLL. The Bancorp recognizes ALLL for the entire balance of the credit card loans modified in a TDR that subsequently default . The following tables provide a summary of TDRs that subsequently defaulted during the years ended December 31, 2017, 2016 and 2015 and were within twelve months of the restructuring date: Number of Recorded December 31, 2017 ($ in millions) (a) Contracts Investment Commercial loans: Commercial and industrial loans 7 $ 17 Commercial mortgage owner-occupied loans 4 1 Residential mortgage loans 172 24 Consumer loans: Home equity 16 2 Credit card 1,633 8 Total portfolio loans 1,832 $ 52 (a) Excludes all loans and leases held for sale and loans acquired with deteriorated credit quality. Number of Recorded December 31, 2016 ($ in millions) (a) Contracts Investment Commercial loans and leases: Commercial and industrial loans 8 $ 5 Commercial mortgage owner-occupied loans 2 - Commercial leases 2 1 Residential mortgage loans 172 25 Consumer loans: Home equity 17 1 Automobile loans 2 - Credit card 1,715 7 Total portfolio loans and leases 1,918 $ 39 (a) Excludes all loans and leases held for sale and loans acquired with deteriorated credit quality. Number of Recorded December 31, 2015 ($ in millions) (a) Contracts Investment Commercial loans: Commercial and industrial loans 7 $ 11 Commercial mortgage owner-occupied loans 3 1 Residential mortgage loans 156 21 Consumer loans: Home equity 15 1 Automobile loans 8 - Credit card 1,935 8 Total portfolio loans 2,124 $ 42 (a) Excludes all loans and leases held for sale and loans acquired with deteriorated credit quality. |