Regions Bank 2009 Annual Report Download - page 112
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Table 26—Allowance for Credit Losses
2009 2008
(In millions)
Allowance for loan losses at January 1 ............................................... $ 1,826 $ 1,321
Loans charged-off:
Commercial and industrial ..................................................... 384 235
Commercial real estate mortgage—owner occupied ................................. 89 60
Commercial real estate construction—owner occupied .............................. 19 12
Commercial investor real estate mortgage ........................................ 590 328
Commercial investor real estate construction ...................................... 488 556
Residential first mortgage ..................................................... 206 83
Equity ..................................................................... 442 243
Indirect .................................................................... 68 56
Other consumer ............................................................. 83 66
2,369 1,639
Recoveries of loans previously charged-off:
Commercial and industrial ..................................................... 28 26
Commercial real estate mortgage—owner occupied ................................. 6 5
Commercial real estate construction—owner occupied .............................. 1 2
Commercial investor real estate mortgage ........................................ 8 4
Commercial investor real estate construction ...................................... 4 3
Residential first mortgage ..................................................... 4 2
Equity ..................................................................... 27 17
Indirect .................................................................... 21 15
Other consumer ............................................................. 17 18
116 92
Net charge-offs:
Commercial and industrial ..................................................... 356 209
Commercial real estate mortgage—owner occupied ................................. 83 55
Commercial real estate construction—owner occupied .............................. 18 10
Commercial investor real estate mortgage ........................................ 582 324
Commercial investor real estate construction ...................................... 484 553
Residential first mortgage ..................................................... 202 81
Equity ..................................................................... 415 226
Indirect .................................................................... 47 41
Other consumer ............................................................. 66 48
2,253 1,547
Allowance allocated to sold loans and loans transferred to loans held for sale ................ — (5)
Provision for loan losses from continuing operations .................................... 3,541 2,057
Allowance for loan losses at December 31 ............................................ $ 3,114 $ 1,826
Reserve for unfunded credit commitments at January 1 .................................. $ 74 $ 58
Provision for unfunded credit commitments ....................................... — 16
Reserve for unfunded credit commitments at December 31 ............................... $ 74 $ 74
Allowance for credit losses ........................................................ $ 3,188 $ 1,900
Loans, net of unearned income, outstanding at end of period .............................. $90,674 $97,419
Average loans, net of unearned income outstanding for the period ......................... $94,523 $97,601
Ratios:
Allowance for loan losses at end of period to loans, net of unearned income ......... 3.43% 1.87%
Allowance for loan losses at end of period to non-performing loans, excluding loans
held for sale .......................................................... 0.89x 1.74x
Net charge-offs as percentage of: ...........................................
Average loans, net of unearned income ................................... 2.38 1.59
Provision for loan losses .............................................. 63.6 75.2
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