BB&T 2014 Annual Report Download - page 113
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Table of Contents
The following table summarizes the primary reason loan modifications were classified as TDRs and includes newly designated TDRs as well as modifications
made to existing TDRs. Balances represent the recorded investment at the end of the quarter in which the modification was made. Rate modifications in this
table include TDRs made with below market interest rates that also include modifications of loan structures.
Commercial:
Commercial and industrial $ 112 $ 48 $ 4 $ 99 $ 27 $ 3 $ 51 $ 63 $ ―
CRE - income producing properties 18 18 ― 33 44 1 55 29 ―
CRE - construction and development 25 22 ― 51 20 (2) 56 50 (2)
Retail:
Direct retail lending 32 4 6 45 9 6 120 17 35
Revolving credit 24 ― 4 26 ― 4 30 ― 5
Residential mortgage-nonguaranteed 127 36 16 103 68 11 241 88 22
Residential mortgage-government guaranteed 282 ― 12 141 ― 12 85 ― 9
Sales finance 1 14 3 4 7 3 16 ― 4
Other lending subsidiaries 130 ― 17 167 ― 34 123 2 35
The following table summarizes the pre-default balance for modifications that experienced a payment default that had been classified as TDRs during the
previous 12 months. Payment default is defined as movement of the TDR to nonaccrual status, foreclosure or charge-off, whichever occurs first.
Commercial:
Commercial and industrial $ 5 $ 5 $ 8
CRE - income producing properties 1 11 6
CRE - construction and development 4 4 14
Retail:
Direct retail lending 2 4 8
Revolving credit 9 10 12
Residential mortgage-nonguaranteed 23 17 36
Sales finance 1 1 ―
Other lending subsidiaries 33 26 12
If a TDR subsequently defaults, BB&T evaluates the TDR for possible impairment. As a result, the related ALLL may be increased or charge-offs may be
taken to reduce the carrying value of the loan.
Changes in the carrying value and accretable yield of loans acquired from the FDIC are presented in the following table:
Balance at beginning of period $ 187 $ 863 $ 351 $ 1,172 $ 264 $ 1,400 $ 617 $ 1,894
Accretion (107) 107 (169) 169 (149) 149 (301) 301
Payments received, net ― (391) ― (705) ― (686) ― (1,023)
Other, net 54 ― 62 ― 72 ― 35 ―
Balance at end of period $ 134 $ 579 $ 244 $ 636 $ 187 $ 863 $ 351 $ 1,172
Outstanding UPB at end of period $ 864 $ 860 $ 1,266 $ 1,516
112
Source: BB&T CORP, 10-K, February 25, 2015 Powered by Morningstar® Document Research℠
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