BB&T 2015 Annual Report Download - page 60

TableofContents
The following table provides a summary of performing TDR activity:



 

Balance at beginning of year $ 1,050 $ 1,705
Inflows 448 594
Payments and payoffs (224) (222)
Charge-offs (44) (78)
Transfers to nonperforming TDRs, net (85) (73)
Removal due to the passage of time (31) (108)
Non-concessionary re-modifications (2) (25)
Sold and transferred to held for sale (130) (745)
Other ― 2
Balance at end of year $ 982 $ 1,050
Payments and payoffs represent cash received from borrowers in connection with scheduled principal payments, prepayments and payoffs of amounts
outstanding. Transfers to nonperforming TDRs 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 TDR.
TDRs 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 TDR over a year end reporting period, and (4) reflected an interest rate on the
modified loan that was no less than a market rate at the date of modification. These loans were previously considered TDRs 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 loans may be removed from classification as a TDR as a result of a subsequent non-concessionary re-modification. Non-concessionary re-
modifications represent TDRs 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 TDRs, a NPL 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). The following table provides further details regarding the payment status of TDRs:
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Source: BB&T CORP, 10-K, February 25, 2016 Powered by Morningstar® Document Research℠
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