BB&T 2012 Annual Report Download - page 79

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certain amounts related to delinquent GNMA loans serviced for others that BB&T has the option, but not
the obligation, to repurchase and has effectively regained control. These amounts are also excluded from
asset quality metrics as reimbursement of insured amounts is proceeding in accordance with investor
guidelines. The amount of government guaranteed mortgage loans and GNMA loans serviced for others
that have been excluded are noted in the footnotes to Table 18.
Table 18
Asset Quality
(Excluding Covered Assets)
December 31,
2012 2011 2010 2009 2008
(Dollars in millions)
N
onaccrual loans and leases:
Commercial $ 886 $ 1,352 $ 1,426 $ 1,651 $ 845
Direct retail lending 132 142 191 197 89
Sales finance loans 7 7 6 7 7
Residential mortgage loans (1) 269 308 466 707 358
Other lending subsidiaries 86 63 60 96 97
Total nonaccrual loans and leases held for investment 1,380 1,872 2,149 2,658 1,396
N
onaccrual LHFS ― ― 521 5 ―
Total nonaccrual loans and leases 1,380 1,872 2,670 2,663 1,396
Foreclosed real estate (2) 107 536 1,259 1,451 538
Other foreclosed property 49 42 42 58 79
Total NPAs (1)(2) $ 1,536 $ 2,450 $ 3,971 $ 4,172 $ 2,013
Loans 90 days or more past due and still accruing:
Commercial $ 1 $ 2 $ 20 $ 7 $ 86
Direct retail lending 38 56 79 87 117
Sales finance loans 10 18 27 30 26
Revolving credit loans 16 17 20 25 23
Residential mortgage loans (3)(4) 92 104 143 150 158
Other lending subsidiaries 10 5 6 12 14
Total loans 90 days or more past due and still
accruing (3)(4)(5) $ 167 $ 202 $ 295 $ 311 $ 424
Loans 30-89 days past due:
Commercial $ 56 $ 121 $ 315 $ 377 $ 594
Direct retail lending 145 162 190 222 270
Sales finance loans 56 75 95 126 146
Revolving credit loans 23 22 28 32 34
Residential mortgage loans (6)(7) 498 479 532 600 665
Other lending subsidiaries 290 273 248 306 313
Total loans 30 - 89 days past due (6)(7)(8) $ 1,068 $ 1,132 $ 1,408 $ 1,663 $ 2,022
(1) Excludes nonaccrual mortgage loans that are government guaranteed totaling $55 million and $17 million as of 2009 and
2008, respectively. BB&T revised its nonaccrual policy related to FHA/VA guaranteed loans during 2010. The change
in policy resulted in a decrease in nonaccrual mortgage loans and an increase in mortgage loans 90 days past due and still
accruing of approximately $79 million.
(2) Excludes covered foreclosed real estate totaling $254 million, $378 million, $313 million and $160 million at December
31, 2012, 2011, 2010 and 2009, respectively.
(3) Excludes mortgage loans guaranteed by GNMA that are 90 days or more past due totaling $517 million, $426 million,
$425 million, $337 million and $74 million at December 31, 2012, 2011, 2010, 2009 and 2008, respectively.
(4) Excludes mortgage loans past due 90 days or more that are government guaranteed totaling $254 million, $206 million,
$153 million, $8 million and $7 million at December 31, 2012, 2011, 2010, 2009 and 2008, respectively. Includes past
due mortgage LHFS.
(5) Excludes covered loans past due 90 days or more totaling $442 million, $736 million, $1.1 billion and $1.4 billion at
December 31, 2012, 2011, 2010 and 2009, respectively.
(6) Excludes mortgage loans guaranteed by GNMA that are past due 30-89 days totaling $5 million, $7 million, $7 million,
$10 million and $12 million at December 31, 2012, 2011, 2010, 2009 and 2008, respectively.