BB&T 2010 Annual Report Download - page 58
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Table 13-1
Analysis of Allowance for Credit Losses
December 31,
2010 2009 2008 2007 2006
(Dollars in millions)
Balance, beginning of period $ 2,672 $ 1,607 $ 1,015 $ 888 $ 830
Provision for credit losses (excluding covered loans) 2,494 2,811 1,445 448 240
Provision for covered loans 144 ————
Charge-offs:
Commercial, financial and agricultural (198) (214) (94) (40) (32)
Real estate (2,075) (1,157) (427) (93) (46)
Consumer (376) (477) (383) (264) (194)
Lease receivables (9) (14) (13) (8) (5)
Total charge-offs (2,658) (1,862) (917) (405) (277)
Recoveries:
Commercial, financial and agricultural 22 16 10 11 12
Real estate 53 24887
Consumer 53 48 47 47 41
Lease receivables 21111
Total recoveries 130 89 66 67 61
Net charge-offs (2,528) (1,773) (851) (338) (216)
Other changes (27) 27 (2) 17 34
Balance, end of period $ 2,755 $ 2,672 $ 1,607 $ 1,015 $ 888
Average loans and leases (1) $104,787 $102,146 $95,195 $87,952 $79,313
Net charge-offs as a percentage of average loans and
leases (1) (2) 2.41% 1.74% .89% .38% .27%
(1) Loans and leases are net of unearned income, net deferred loan fees and cost and include loans held for sale.
(2) The net charge-off rate for 2010 and 2009 was 2.59% and 1.79%, respectively, excluding the effect of average
loans covered by the FDIC loss sharing agreements.
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