BB&T 2015 Annual Report Download - page 122

TableofContents
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 $ 99 $ 45 $ 2 $ 112 $ 48 $ 4 $ 99 $ 27 $ 3
CRE - income producing properties 9 15 ― 18 18 ― 33 44 1
CRE - construction and development 8 25 1 25 22 ― 51 20 (2)
Retail:
Direct retail lending 16 4 4 32 4 6 45 9 6
Revolving credit 16 ― 4 24 ― 4 26 ― 4
Residential mortgage-nonguaranteed 88 37 9 127 36 16 103 68 11
Residential mortgage-government
guaranteed 189 ― 7 282 ― 12 141 ― 12
Sales finance ― 10 1 1 14 3 4 7 3
Other lending subsidiaries 129 ― 17 130 ― 17 167 ― 34
The pre-default balance for modifications that experienced a payment default that had been classified as TDRs during the previous 12 months was $81
million, $78 million and $78 million for the twelve months ended December 31, 2015, 2014 and 2013, respectively. Payment default is defined as movement
of the TDR to nonaccrual status, foreclosure or charge-off, whichever occurs first.
Changes in the carrying value and accretable yield of PCI loans are presented in the following table:
 
   
       
       

Balance at beginning of period $ 134 $ 579 $ 244 $ 636 $ 187 $ 863 $ 351 $ 1,172
Additions 98 402 ― ― ― ― ― ―
Accretion (89) 89 (89) 89 (107) 107 (169) 169
Payments received, net ― (370) ― (303) ― (391) ― (705)
Other, net 46 ― 21 ― 54 ― 62 ―
Balance at end of period $ 189 $ 700 $ 176 $ 422 $ 134 $ 579 $ 244 $ 636
Outstanding UPB at end of period $ 1,063 $ 587 $ 864 $ 860
The following table presents additional information about BB&T’s loans and leases:

 

Unearned income, discounts and net deferred loan fees and costs, excluding PCI $ 433 $ 147
Residential mortgage loans in process of foreclosure 229 379
The increase in unearned income, discounts and net deferred loan fees and costs is primarily due to the acquisition of Susquehanna.
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Source: BB&T CORP, 10-K, February 25, 2016 Powered by Morningstar® Document Research℠
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