Bank of England: Loan Modifications and Restructuring
Data as of · Call Report Schedules RC-C Memoranda and RC-N How we update
Loans whose terms were changed for a borrower in financial difficulty. Modification postpones a loss rather than removing it, so a modified book growing faster than the non-performing book is worth reading as an early signal rather than a clean bill of health.
The standout move of Q2 2026 was in Modified loans and leases: 9.6% lower than in Q1 2026, at $1.8M.
Modified loans
| Line item | Q2 2026 |
|---|---|
| Modified loans and leases | $1.8M |
| Modified loans to total loans | 1.83% |
| Non-performing assets excluding restructured loans, to assets | 1.26% |
Read against the non-performing book
| Line item | Q2 2026 |
|---|---|
| Non-performing loans to total loans | 6.09% |
| Nonaccrual loans to loans | 4.26% |
| Loans 90+ days past due to loans | 0.00% |
| Net charge-off ratio | -0.01% |
| Allowance for credit losses to loans | 3.13% |
Shown side by side so the modified share can be compared with recognised non-performing loans and with what has already been charged off.
Loan Modifications and Restructuring trend
Last 12 quarters as filed. Every value plotted here also appears in the tables above.
A modified share rising while the non-performing share stays flat is the pattern worth investigating.
Loan Modifications and Restructuring by quarter
| Quarter | Modified loans | Non-performing loans | Net charge-offs |
|---|---|---|---|
| Q3 2023 | 0.98% | 2.09% | -0.22% |
| Q4 2023 | 1.19% | 3.20% | 0.01% |
| Q1 2024 | 1.36% | 3.10% | -0.25% |
| Q2 2024 | 1.33% | 2.79% | 6.69% |
| Q3 2024 | 1.46% | 2.80% | -1.05% |
| Q4 2024 | 2.25% | 3.76% | 0.36% |
| Q1 2025 | 2.39% | 5.57% | 0.03% |
| Q2 2025 | 2.59% | 5.67% | 0.00% |
| Q3 2025 | 2.27% | 5.56% | 0.05% |
| Q4 2025 | 2.02% | 5.53% | -0.01% |
| Q1 2026 | 2.15% | 5.95% | -0.00% |
| Q2 2026 | 1.83% | 6.09% | -0.01% |
Bank of England loan modifications and restructuring, all the way back
Loan Modifications and Restructuring back to 2001 · peer percentiles on every line item · Excel export
Unlock Bank of England, freeSource: Call Report Schedules RC-C Memoranda and RC-N, as filed with the FFIEC and standardized by BankRegReports. Dollar amounts are as reported, point-in-time; income statement items are year-to-date through the report date. See the full Bank of England profile, peer group comparison, or how this data updates.
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