BB&T 2010 Annual Report Download - page 54

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Nonperforming assets consist of foreclosed real estate, repossessions, nonaccrual loans and certain
restructured loans, which totaled $4.3 billion at December 31, 2010 (or $4.0 billion excluding covered foreclosed
property), compared to $4.3 billion (or $4.2 billion excluding covered foreclosed property) at December 31, 2009.
After peaking in the first quarter of 2010, nonperforming assets excluding covered foreclosed property declined
$423 million in the last three quarters of 2010 as BB&T continued to successfully implement its nonperforming
asset disposition strategy. As a percentage of loans and leases plus foreclosed property, nonperforming assets
were 3.94% at December 31, 2010 (or 3.88% excluding covered loans and foreclosed property) compared with
4.02% (or 4.18% excluding covered loans and foreclosed property) at December 31, 2009.
Past due loans still accruing decreased 13.7% compared to the level at year-end 2009. Loans 90 days or more
past due and still accruing interest, excluding covered loans and government guaranteed mortgage loans, totaled
$295 million at December 31, 2010, compared with $311 million at year-end 2009. Loans 30-89 days past due,
excluding covered loans and government guaranteed mortgage loans, totaled $1.4 billion at December 31, 2010,
which was also a decline compared with $1.7 billion at year-end 2009.
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