BB&T 2011 Annual Report Download - page 109
Download and view the complete annual report
Please find page 109 of the 2011 BB&T annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99 -
100 -
101 -
102 -
103 -
104 -
105 -
106 -
107 -
108 -
109 -
110 -
111 -
112 -
113 -
114 -
115 -
116 -
117 -
118 -
119 -
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
 |
 |
NOTE 4. Allowance for Credit Losses
An analysis of the allowance for credit losses for the year ended December 31, 2011 is presented in the following table:
Year Ended December 31, 2011
Beginning
Balance
Charge-
Offs Recoveries Provision
Ending
Balance
(Dollars in millions)
Commercial:
Commercial and industrial $ 621 $ (323) $ 28 $ 107 $ 433
Commercial real estate - other 446 (273) 18 143 334
Commercial real estate - residential ADC 469 (302) 25 94 286
Other lending subsidiaries 21 (9) 3 (4) 11
Retail:
Direct retail lending 246 (276) 37 225 232
Revolving credit 109 (95) 19 79 112
Residential mortgage 298 (269) 5 331 365
Sales finance 47 (32) 9 14 38
Other lending subsidiaries 177 (181) 22 168 186
Covered and other acquired 144 (66) — 71 149
Unallocated 130 — — (20) 110
Allowance for loan and lease losses 2,708 (1,826) 166 1,208 2,256
Reserve for unfunded lending commitments 47 — — (18) 29
Allowance for credit losses $ 2,755 $ (1,826) $ 166 $ 1,190 $ 2,285
An analysis of the allowance for credit losses during 2010 and 2009 is presented in the following table:
Years Ended December 31,
2010 2009
(Dollars in millions)
Beginning balance $ 2,672 $ 1,607
Provision for credit losses 2,638 2,811
Loans and leases charged-off (2,658) (1,862)
Recoveries of previous charge-offs 130 89
Net loans and leases charged-off (2,528) (1,773)
Other changes, net (27) 27
Ending balance $ 2,755 $ 2,672
Allowance for loan and lease losses $ 2,708 $ 2,600
Reserve for unfunded lending commitments 47 72
Allowance for credit losses $ 2,755 $ 2,672
109