Ally Bank 2011 Annual Report Download - page 82

Table of Contents
Management's Discussion and Analysis
Ally Financial Inc. • Form 10−K
Selected Loan Maturity and Sensitivity Data
The table below shows the commercial finance receivables and loans portfolio and the distribution between fixed and floating interest rates based on
the stated terms of the commercial loan agreements. This portfolio is reported at carrying value before allowance for loan losses.
December 31, 2011 ($ in millions) Within 1 year (a) 1−5 years After 5 years Total (b)
Commercial and industrial $ 28,247 $ 1,296 $ 74 $ 29,617
Commercial real estate 295 1,751 285 2,331
Total domestic 28,542 3,047 359 31,948
Foreign 8,007 489 24 8,520
Total commercial finance receivables and loans $ 36,549 $ 3,536 $ 383 $ 40,468
Loans at fixed interest rates $ 1,386 $ 305
Loans at variable interest rates 2,150 78
Total commercial finance receivables and loans $ 3,536 $ 383
(a) Includes loans (e.g., floorplan) with revolving terms.
(b) Loan maturities are based on the remaining maturities under contractual terms.
Allowance for Loan Losses
The following table presents an analysis of the activity in the allowance for loan losses on finance receivables and loans.
($ in millions) Consumer automobile Consumer mortgage Total consumer Commercial Total
Allowance at January 1, 2011 $ 970 $ 580 $ 1,550 $ 323 $ 1,873
Charge−offs
Domestic (435) (205) (640) (27) (667)
Foreign (145) (5) (150) (63) (213)
Total charge−offs (580) (210) (790) (90) (880)
Recoveries
Domestic 186 16 202 25 227
Foreign 73 1 74 26 100
Total recoveries 259 17 276 51 327
Net charge−offs (321) (193) (514) (39) (553)
Provision for loan losses 154 129 283 (64) 219
Other (37) — (37) 1 (36)
Allowance at December 31, 2011 $ 766 $ 516 $ 1,282 $ 221 $ 1,503
Allowance for loan losses to finance receivables and
loans outstanding at December 31, 2011 (a) 1.2% 5.2% 1.7% 0.5% 1.3%
Net charge−offs to average finance receivables and
loans outstanding at December 31, 2011 (a) 0.5% 1.9% 0.7% 0.1% 0.5%
Allowance for loan losses to total nonperforming
finance receivables and loans at
December 31, 2011 (a) 335.8% 152.1% 226.0% 65.3% 165.9%
Ratio of allowance for loans losses to net charge−offs
at December 31, 2011 2.4 2.7 2.5 5.7 2.7
(a) Coverage percentages are based on the allowance for loan losses related to finance receivables and loans excluding those loans held at fair value as a percentage of the unpaid
principal balance, net of premiums and discounts.
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