BB&T 2011 Annual Report Download - page 62
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Table 20
Rollforward of Commercial Performing Restructured Loans
December 31, 2011
(Dollars in millions)
Balance at December 31, 2010 $ 657
Inflows 146
Payments and payoffs (239)
Transfers to nonperforming restructurings (167)
Removal due to the passage of time (93)
Non-concessionary re-modifications (69)
Balance at December 31, 2011 $ 235
Payments and payoffs represent cash received from borrowers in connection with scheduled principal payments,
prepayments and payoffs of amounts outstanding at the maturity date of the loan. Transfers to nonperforming
restructurings represent loans that no longer meet the requirements necessary to reflect the loan in accruing status and as a
result are subsequently classified as a nonperforming restructuring.
Restructurings may be removed due to the passage of time if they: (1) did not include a forgiveness of principal or
interest, (2) have performed in accordance with the modified terms (generally a minimum of six months), (3) were
reported as a restructuring over a year end reporting period, and (4) reflected an interest rate on the modified loan that was
a market rate at the date of modification. These loans were previously considered restructurings as a result of structural
concessions such as extended interest-only terms or an amortization period that did not otherwise conform to normal
underwriting guidelines.
In addition, certain transactions may be removed from classification as a restructuring as a result of a subsequent
non-concessionary re-modification. Non-concessionary re-modifications represent restructurings that did not contain
concessionary terms at the date of a subsequent renewal/modification and there was a reasonable expectation that the
borrower would continue to comply with the terms of the loan subsequent to the date of the re-modification. A
re-modification may be considered for such a re-classification if the loan has not had a forgiveness of principal or interest
and the modified terms qualify as more than minor such that the re-modified loan is considered a new loan. Alternatively,
such loans may be considered for reclassification in years subsequent to the date of the re-modification based on the
passage of time as described in the preceding paragraph.
In connection with consumer loan restructurings, a nonperforming loan will be returned to accruing status when current as
to principal and interest and upon a sustained historical repayment performance (generally a minimum of six months).
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