BB&T 2014 Annual Report Download - page 63
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Table of Contents
ACL
Information related to the ACL is presented in the following table:
Beginning balance $ 1,821 $ 2,048 $ 2,285 $ 2,755 $ 2,672
Provision for credit losses (excluding acquired from FDIC) 280 587 1,044 1,119 2,494
Provision for loans acquired from FDIC (29) 5 13 71 144
Charge-offs:
Commercial: (1)
Commercial and industrial (131) (248) (337) (324) (373)
CRE - income producing properties (31) (74) (150) (167) (193)
CRE - construction and development (11) (58) (245) (407) (942)
Direct retail lending (2) (69) (148) (224) (276) (338)
Sales finance (23) (23) (26) (32) (48)
Revolving credit (71) (85) (81) (95) (118)
Residential mortgage-nonguaranteed (2)(3) (82) (79) (135) (269) (394)
Residential mortgage-government guaranteed (2) (2) (1) ― ―
Other lending subsidiaries (269) (255) (225) (190) (252)
Acquired from FDIC (21) (19) (34) (66) ―
Total charge-offs (1)(3) (710) (991) (1,458) (1,826) (2,658)
Recoveries:
Commercial:
Commercial and industrial 42 47 17 28 18
CRE - income producing properties 14 20 9 10 4
CRE - construction and development 19 31 45 33 15
Direct retail lending (2) 29 38 36 37 33
Sales finance 9 9 10 9 9
Revolving credit 19 17 18 19 16
Residential mortgage-nonguaranteed (2) 7 3 3 5 4
Other lending subsidiaries 33 34 26 25 31
Total recoveries 172 199 164 166 130
Net charge-offs (1)(3) (538) (792) (1,294) (1,660) (2,528)
Other changes, net ― (27) ― ― (27)
Ending balance $ 1,534 $ 1,821 $ 2,048 $ 2,285 $ 2,755
ALLL (excluding acquired from FDIC loans) $ 1,410 $ 1,618 $ 1,890 $ 2,107 $ 2,564
Allowance for acquired from FDIC loans 64 114 128 149 144
RUFC 60 89 30 29 47
Total ACL $ 1,534 $ 1,821 $ 2,048 $ 2,285 $ 2,755
(1) Includes charge-offs of $464 million in commercial loans and leases during 2010 in connection with BB&T's NPL disposition strategy.
(2) During the first quarter of 2014, $8.3 billion of loans were transferred from direct retail lending to residential mortgage. Charge-offs and recoveries
have been reflected in these line items based upon the date the loans were transferred.
(3) Includes charge-offs of $11 million related to performing TDR and NPL sales in 2014. Includes charge-offs of $87 million and $141 million in
residential mortgage loans during 2011 and 2010, respectively, in connection with BB&T's NPL disposition strategy.
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Source: BB&T CORP, 10-K, February 25, 2015 Powered by Morningstar® Document Research℠
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