Ally Bank 2012 Annual Report Download - page 135
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133
The following tables present an analysis of the activity in the allowance for loan losses on finance receivables and loans.
($ in millions)Consumer
automobile Consumer
mortgage Commercial Total
Allowance at January 1, 2012 $ 766 $ 516 $ 221 $ 1,503
Charge-offs
Domestic (438) (149) (8) (595)
Foreign (178) — (3) (181)
Total charge-offs (616) (149) (11) (776)
Recoveries
Domestic 171 11 11 193
Foreign 76 — 33 109
Total recoveries 247 11 44 302
Net charge-offs (369) (138) 33 (474)
Provision for loan losses 257 86 (14) 329
Foreign provision for loan losses 115 — (50) 65
Deconsolidation of ResCap — (9) — (9)
Other (a) (194) (3) (47) (244)
Allowance at December 31, 2012 $ 575 $ 452 $ 143 $ 1,170
Allowance for loan losses
Individually evaluated for impairment $ 16 $ 186 $ 26 $ 228
Collectively evaluated for impairment 556 266 117 939
Loans acquired with deteriorated credit quality 3 — — 3
Finance receivables and loans at historical cost
Ending balance 53,715 9,821 35,519 99,055
Individually evaluated for impairment 260 873 1,538 2,671
Collectively evaluated for impairment 53,425 8,948 33,981 96,354
Loans acquired with deteriorated credit quality 30 — — 30
(a) Other includes the allowance of foreign Automotive Finance operations finance receivables and loans that were reclassified as discontinued operations.
($ in millions)Consumer
automobile Consumer
mortgage Commercial Total
Allowance at January 1, 2011 $ 970 $ 580 $ 323 $ 1,873
Charge-offs
Domestic (435) (205) (27) (667)
Foreign (145) (5) (63) (213)
Total charge-offs (580) (210) (90) (880)
Recoveries
Domestic 186 16 25 227
Foreign 73 1 26 100
Total recoveries 259 17 51 327
Net charge-offs (321) (193) (39) (553)
Provision for loan losses 102 129 (43) 188
Foreign provision for loan losses 52 — (21) 31
Other (37) — 1 (36)
Allowance at December 31, 2011 $ 766 $ 516 $ 221 $ 1,503
Allowance for loan losses
Individually evaluated for impairment $ 7 $ 172 $ 61 $ 240
Collectively evaluated for impairment 749 344 160 1,253
Loans acquired with deteriorated credit quality 10 — — 10
Finance receivables and loans at historical cost
Ending balance 63,459 9,993 40,468 113,920
Individually evaluated for impairment 69 606 464 1,139
Collectively evaluated for impairment 63,302 9,387 40,004 112,693
Loans acquired with deteriorated credit quality 88 — — 88
Table of Contents
Notes to Consolidated Financial Statements
Ally Financial Inc. • Form 10-K