BB&T 2011 Annual Report Download - page 108
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The following table provides a summary of loans that continue to accrue interest under restructured terms (“performing
restructurings”) and restructured loans that have been placed in nonaccrual status (“nonperforming restructurings”) as of
December 31, 2011 and 2010:
December 31,
2011 2010
(Dollars in millions)
Performing restructurings:
Commercial:
Commercial and industrial $ 74 $ 205
Commercial real estate - other 117 280
Commercial real estate - residential ADC 44 172
Direct retail lending 146 141
Sales finance 8 5
Revolving credit 62 62
Residential mortgage (1)(2) 608 585
Other lending subsidiaries 50 26
Total performing restructurings (1)(2) 1,109 1,476
Nonperforming restructurings (3)(4) 280 479
Total restructurings (1)(2)(3)(4)(5) $ 1,389 $ 1,955
(1) Excludes restructured mortgage loans held for investment that are government guaranteed totaling $232 million and
$115 million at December 31, 2011 and December 31, 2010, respectively.
(2) Excludes restructured mortgage loans held for sale that are government guaranteed totaling $4 million and $14
million at December 31, 2011 and December 31, 2010, respectively.
(3) Nonperforming restructurings are included in nonaccrual loan disclosures.
(4) Includes approximately $110 million of nonperforming restructurings included in loans held for sale at December 31,
2010.
(5) All restructurings are considered impaired. The allowance for loan and lease losses attributable to these restructured
loans totaled $266 million and $324 million at December 31, 2011 and December 31, 2010, respectively.
BB&T had commitments totaling $32 million and $64 million at December 31, 2011 and 2010, respectively, to lend
additional funds to clients with loans whose terms have been modified in restructurings.
The gross additional interest income that would have been earned if the loans and leases classified as nonaccrual had
performed in accordance with the original terms was approximately $93 million, $131 million and $115 million in 2011,
2010 and 2009, respectively. The gross additional interest income that would have been earned in 2011, 2010 and 2009
had performing restructurings performed in accordance with the original terms is immaterial.
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