Regions Bank 2011 Annual Report Download - page 191
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generally involve an interest rate concession. Accordingly, the financial impact of the modifications is best
illustrated by the impact to the allowance calculation at the loan or pool level as a result of the loans being
considered impaired due to their status as a TDR.
The following table presents loans by class modified in a TDR, and the financial impact of those
modifications, for the period presented.
Year Ended December 31, 2011
Financial
Impact of
Modifications
Considered
TDRs
Number
of
Obligors
Recorded
Investment
Increase in
Allowance at
Modification
(In millions)
Commercial and industrial ........................................ 986 $ 670 $ 3
Commercial real estate mortgage—owner occupied .................... 382 368 8
Commercial real estate construction—owner occupied .................. 17 10 —
Total commercial ............................................ 1,385 1,048 11
Commercial investor real estate mortgage ............................ 640 1,493 14
Commercial investor real estate construction .......................... 282 355 4
Total investor real estate ...................................... 922 1,848 18
Residential first mortgage ......................................... 1,536 330 42
Home equity ................................................... 2,050 148 16
Indirect and other consumer ....................................... 975 13 —
Total consumer ............................................. 4,561 491 58
6,868 $3,387 $ 87
As described previously, the consumer modifications granted by Regions are rate concessions and not
forgiveness of principal. The majority of the commercial and investor real estate modifications are renewals
where there is no reduction in interest rate or forgiveness of principal. Accordingly, Regions most often does not
record a charge-off at the modification date. A limited number of modifications included above are A/B note
restructurings, where the B-note is charged off. The total charge-offs recorded for all modifications for the year
ended December 31, 2011 were less than $10 million.
167