BB&T 2015 Annual Report Download - page 62

TableofContents
ACL
Information related to the ACL is presented in the following table:



    

Beginning balance $ 1,534 $ 1,821 $ 2,048 $ 2,285 $ 2,755
Provision for credit losses (excluding PCI) 430 280 587 1,044 1,119
Provision for PCI loans (2) (29) 5 13 71
Charge-offs:
Commercial:
Commercial and industrial (81) (131) (248) (337) (324)
CRE - income producing properties (20) (31) (74) (150) (167)
CRE - construction and development (4) (11) (58) (245) (407)
Direct retail lending (1) (54) (69) (148) (224) (276)
Sales finance (26) (23) (23) (26) (32)
Revolving credit (70) (71) (85) (81) (95)
Residential mortgage-nonguaranteed (1)(2) (40) (82) (79) (135) (269)
Residential mortgage-government guaranteed (6) (2) (2) (1) ―
Other lending subsidiaries (286) (269) (255) (225) (190)
PCI (1) (21) (19) (34) (66)
Total charge-offs (2) (588) (710) (991) (1,458) (1,826)
Recoveries:
Commercial:
Commercial and industrial 37 42 47 17 28
CRE - income producing properties 7 14 20 9 10
CRE - construction and development 11 19 31 45 33
Direct retail lending (1) 29 29 38 36 37
Sales finance 9 9 9 10 9
Revolving credit 20 19 17 18 19
Residential mortgage-nonguaranteed (1) 3 7 3 3 5
Other lending subsidiaries 36 33 34 26 25
Total recoveries 152 172 199 164 166
Net charge-offs (2) (436) (538) (792) (1,294) (1,660)
Other changes, net 24 ― (27) ― ―
Ending balance $ 1,550 $ 1,534 $ 1,821 $ 2,048 $ 2,285
ALLL (excluding PCI loans) $ 1,399 $ 1,410 $ 1,618 $ 1,890 $ 2,107
Allowance for PCI loans 61 64 114 128 149
RUFC 90 60 89 30 29
Total ACL $ 1,550 $ 1,534 $ 1,821 $ 2,048 $ 2,285
(1) 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.
(2) Includes charge-offs of $11 million related to performing TDR and NPL sales during 2014. Includes charge-offs of $87 million in residential
mortgage loans during 2011 in connection with BB&T's NPL disposition strategy.
The ACL consists of the ALLL, which is presented separately on the Consolidated Balance Sheets, and the RUFC, which is included in other liabilities on the
Consolidated Balance Sheets. The ACL totaled $1.6 billion at December 31, 2015, an increase of $16 million compared to the prior year.
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Source: BB&T CORP, 10-K, February 25, 2016 Powered by Morningstar® Document Research℠
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