Ally Bank 2012 Annual Report Download - page 70
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68
The allowance for commercial loan losses declined $78 million at December 31, 2012, compared to December 31, 2011, primarily
related to the ongoing strength in dealer performance, the reclassification of foreign Automotive Finance operations to discontinued
operations, and general overall improvement in the Commercial Finance Group's portfolio.
($ 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 102 129 231 (43) 188
Foreign provision for loan losses 52 — 52 (21) 31
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.
The allowance for consumer loan losses was $1.3 billion at December 31, 2011, compared to $1.6 billion at December 31, 2010. The
decline reflected overall improved credit quality of newer vintages reflecting tightened underwriting standards which was partially offset by
an increase in loans outstanding.
The allowance for commercial loan losses was $221 million at December 31, 2011, compared to $323 million at December 31, 2010.
The decline was primarily related to improvement in dealer performance and continued wind-down of non-core commercial assets.
Table of Contents
Management's Discussion and Analysis
Ally Financial Inc. • Form 10-K