Regions Bank 2009 Annual Report Download - page 114

Loans, net of unearned income, outstanding at end of period ................. $95,379 $94,551 $58,405
Average loans, net of unearned income outstanding for the period ............. $94,372 $64,766 $58,002
Ratios:
Allowance for loan losses at end of period to loans, net of unearned
income ..................................................... 1.39% 1.12% 1.34%
Allowance for loan losses at end of period to non-performing loans,
excluding loans held for sale .................................... 1.78x 3.45x 2.29x
Net charge-offs as percentage of: ...................................
Average loans, net of unearned income .......................... 0.29 0.22 0.23
Provision for loan losses ..................................... 48.8 98.2 82.5
Table 27—Allocation of the Allowance for Loan Losses
2009 2008
(Dollars in millions)
Allocation
Amount
%of
Portfolio
Allocation
Amount
%of
Portfolio
Commercial and industrial .................. $ 638 20.5% $ 466 25.5%
Commercial real estate mortgage—owner
occupied .............................. 328 10.5 172 9.4
Commercial real estate construction—owner
occupied .............................. 37 1.2 48 2.6
Total commercial ..................... 1,003 32.2 686 37.5
Commercial investor real estate mortgage ...... 929 29.8 403 22.1
Commercial investor real estate construction .... 536 17.2 369 20.2
Total investor real estate ................ 1,465 47.0 772 42.3
Residential first mortgage ................... 213 6.9 87 4.8
Home equity ............................. 374 12.0 235 12.9
Indirect ................................. 26 0.8 28 1.5
Other consumer ........................... 33 1.1 18 1.0
$3,114 100.0% $1,826 100.0%
2007 2006 2005
(Dollars in millions)
Allocation
Amount
%of
Portfolio
Allocation
Amount
%of
Portfolio
Allocation
Amount
%of
Portfolio
Commercial and industrial .................. $ 295 22.3% $ 325 30.8% $219 27.9%
Commercial real estate(1) ................... 411 31.1 307 29.1 213 27.2
Construction(1) ........................... 348 26.4 189 17.9 109 13.9
Residential first mortgage ................... 89 6.7 58 5.5 121 15.4
Home equity ............................. 95 7.2 95 9.0 68 8.7
Indirect ................................. 52 3.9 50 4.7 19 2.4
Other consumer ........................... 31 2.4 32 3.0 35 4.5
$1,321 100.0% $1,056 100.0% $784 100.0%
(1) Breakout of commercial real estate mortgage and construction between owner occupied and investor
categories is not available for periods prior to 2008.
Loans deemed to be impaired include troubled debt restructurings (“TDRs”), plus commercial non-accrual
loans. Commercial and investor real estate impaired loans with outstanding balances equal to or greater than $2.5
million are evaluated individually for impairment. For these loans, Regions measures the level of impairment
based on the present value of the estimated projected cash flows, the estimated value of the collateral or, if
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