Ally Bank 2014 Annual Report Download - page 121
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Table of Contents
Notes to Consolidated Financial Statements
Ally Financial Inc. • Form 10-K
109
($ in millions)
Consumer
automotive
Consumer
mortgage Commercial Total
Allowance at January 1, 2013 $ 575 $ 452 $ 143 $ 1,170
Charge-offs (639) (93) (5) (737)
Recoveries 237 18 10 265
Net charge-offs (402) (75) 5 (472)
Provision for loan losses 490 13 (2) 501
Other 10 (1) — 9
Allowance at December 31, 2013 $ 673 $ 389 $ 146 $ 1,208
Allowance for loan losses
Individually evaluated for impairment $ 23 $ 199 $ 26 $ 248
Collectively evaluated for impairment 650 190 120 960
Loans acquired with deteriorated credit quality — — — —
Finance receivables and loans at historical cost
Ending balance 56,417 8,443 35,467 100,327
Individually evaluated for impairment 281 919 204 1,404
Collectively evaluated for impairment 56,128 7,524 35,263 98,915
Loans acquired with deteriorated credit quality 8 — — 8
The following table presents information about significant sales of finance receivables and loans recorded at historical cost and transfers
of finance receivables and loans from held-for-investment to held-for-sale.
December 31, ($ in millions)2014 2013
Consumer automotive $ 4,106 $—
Consumer mortgage 489 —
Commercial 36 65
Total sales and transfers $ 4,631 $65
The following table presents information about significant purchases of finance receivables and loans.
December 31, ($ in millions) 2014 2013
Consumer mortgage $ 857 $—
Total purchases $ 857 $—