BB&T 2009 Annual Report Download - page 51

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(1) Loans and leases are net of unearned income and include loans held for sale.
(2) The net charge-off rate for 2009 was 1.79% excluding the effect of average loans covered by the FDIC loss sharing
agreements.
Table 13—2
Analysis of Allowance for Credit Losses by Lines of Business
December 31,
2009 2008 2007 2006 2005
(Dollars in millions)
Allowance For Credit Losses
Beginning balance $ 1,607 $1,015 $ 888 $ 830 $ 828
Other changes 27 (2) 17 34 (1)
Provision for credit losses 2,811 1,445 448 240 217
Charge-offs
Commercial loans and leases (720) (276) (65) (37) (49)
Direct retail loans (349) (156) (72) (48) (46)
Sales finance loans (72) (59) (31) (21) (27)
Revolving credit loans (127) (79) (47) (45) (54)
Mortgage loans (280) (96) (10) (6) (6)
Specialized lending (314) (251) (180) (120) (95)
Total charge-offs (1,862) (917) (405) (277) (277)
Recoveries
Commercial loans and leases 21 16 17 15 17
Direct retail loans 19 12 13 12 12
Sales finance loans 97 889
Revolving credit loans 12 11 12 11 11
Mortgage loans 51— 1 1
Specialized lending 23 19 17 14 13
Total recoveries 89 66 67 61 63
Net charge-offs (1,773) (851) (338) (216) (214)
Ending balance $ 2,672 $1,607 $1,015 $ 888 $ 830
51