Regions Bank 2010 Annual Report Download - page 118
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2007 2006
(In millions)
Allowance for loan losses at January 1 ............................................. $1,056 $ 784
Loans charged-off:
Commercial and industrial .................................................. 103 72
Commercial real estate(1) ................................................... 39 49
Construction ............................................................. 33 10
Residential first mortgage ................................................... 20 2
Equity .................................................................. 54 38
Indirect ................................................................. 36 18
Other consumer ........................................................... 83 31
368 220
Recoveries of loans previously charged-off:
Commercial and industrial .................................................. 30 34
Commercial real estate(1) ................................................... 9 10
Construction ............................................................. 2 3
Residential first mortgage ................................................... 1 —
Equity .................................................................. 13 8
Indirect ................................................................. 16 8
Other consumer ........................................................... 26 17
97 80
Net charge-offs:
Commercial and industrial .................................................. 73 38
Commercial real estate(1) ................................................... 30 39
Construction ............................................................. 31 7
Residential first mortgage ................................................... 19 2
Equity .................................................................. 41 30
Indirect ................................................................. 21 10
Other consumer ........................................................... 56 14
271 140
Allowance of purchased institutions at acquisition date ................................ — 336
Allowance allocated to sold loans and loans transferred to loans held for sale .............. (19) (14)
Transfer to/from reserve for unfunded credit commitments(2) .......................... — (52)
Provision for loan losses from continuing operations .................................. 555 142
Allowance for loan losses at December 31 .......................................... 1,321 1,056
Reserve for unfunded credit commitments at January 1 ................................ 52 —
Transfer from/to allowance for loan losses(2) ................................... — 52
Provision for unfunded credit commitments ..................................... 6 —
Reserve for unfunded credit commitments at December 31 ............................. 58 52
Allowance for credit losses ...................................................... $1,379 $1,108
(1) Breakout of commercial real estate mortgage and construction between owner occupied and investor
categories not available for periods prior to 2008.
(2) During the fourth quarter of 2006, Regions transferred the portion of the allowance for loan losses related to
unfunded credit commitments to other liabilities.
104