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Table 14-3
Real Estate Lending Portfolio Credit Quality and Geographic Distribution
Direct Retail 1-4 Family and Lot/Land Real Estate Portfolio (1)
As of / For the Period Ended December 31, 2010
Direct Retail 1-4 Family and Lot/Land
Real Estate Loans & Lines
Residential
Lot/Land
Loans Home Equity
Loans Home Equity
Lines Total
(Dollars in millions, except average loan size)
Total loans outstanding $1,363 $5,854 $5,513 $12,730
Average loan size (in thousands) (2) 59 44 36 41
Average refreshed credit score (3) 721 722 762 746
Percentage that are first mortgages 100% 76% 28% 58%
Average loan to value at origination 79 63 64 65
Nonaccrual loans and leases as a percentage of category 5.91 1.37 .47 1.46
Gross charge-offs as a percentage of category:
Year-to-Date 8.01 1.58 1.52 2.32
Quarter-to-Date 8.87 1.64 1.62 2.43
As of / For the Period Ended December 31, 2010
Gross Charge-Offs as a Percentage of
Outstandings
Direct Retail 1-4 Family and Lot/Land Real
Estate Loans and Lines By State of Origination Total
Outstandings
Nonaccrual as a
Percentage of
Outstandings Year-to-Date Quarter-to-Date
(Dollars in millions)
North Carolina $ 4,374 1.72% 2.18% 2.32%
Virginia 2,869 .79 1.31 1.22
South Carolina 1,223 1.98 2.59 2.97
Georgia 1,025 1.66 3.89 4.23
Maryland 811 .92 2.19 1.98
West Virginia 773 1.28 .93 .75
Florida 626 2.26 6.77 7.80
Kentucky 564 1.36 .70 .82
Tennessee 349 1.88 4.27 3.35
Washington, D.C. 81 .92 4.20 6.00
Other 35 1.45 1.16 1.50
Total $12,730 1.46% 2.32% 2.43%
Applicable ratios are annualized.
(1) Direct retail 1-4 family and lot/land real estate loans are originated through the BB&T branching network.
Excludes covered loans and in process items.
(2) Home equity lines without an outstanding balance are excluded from this calculation.
(3) Based on number of accounts.
The direct retail consumer real estate loan portfolio, as presented in Table 14-3, totaled $12.7 billion as of
December 31, 2010, a decrease of $663 million from December 31, 2009. This portfolio includes residential lot/land
loans, home equity loans and home equity lines, which are primarily originated through the branch network. As a
percentage of loans, direct retail consumer real estate nonaccruals were 1.46% at December 31, 2010, compared to
1.44% at December 31, 2009. The gross charge-off rate for the direct retail consumer real estate loan portfolio was
2.32% in 2010 compared to 2.19% for 2009. For the fourth quarter of 2010, the annualized gross charge-off rate
was 2.43% compared to 2.24% for the third quarter of 2010.
The residential lot/land loan component of this portfolio experienced the highest loss rates during 2010. The
amount of the allowance allocated for the residential lot/land portfolio was 7.3% as of December 31, 2010. This
component of the portfolio declined $360 million, or 20.9%, during 2010.
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