Ally Bank 2014 Annual Report Download - page 90

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Table of Contents
Management's Discussion and Analysis
Ally Financial Inc. • Form 10-K
78
Accruing Finance Receivables and Loans Past Due 90 Days or More
The following table presents our on-balance sheet accruing loans past due 90 days or more as to principal and interest.
December 31, ($ in millions)2014 2013 2012 2011 2010
Consumer
Consumer automotive $—
$—$—$ 3$ 5
Consumer mortgage —1111
Total consumer —1146
Commercial
Commercial and industrial
Automotive —————
Mortgage —————
Other —————
Commercial real estate
Automotive —————
Mortgage —————
Total commercial —————
Total accruing finance receivables and loans past due 90 days or
more $—
$1$1$4$6
Loans held-for-sale $—
$—$—$73$25
Allowance for Loan Losses
The following table presents an analysis of the activity in the allowance for loan losses on finance receivables and loans.
($ in millions) 2014 2013 2012 2011 2010
Balance at January 1, $ 1,208 $ 1,170 $ 1,503 $ 1,873 $ 2,445
Cumulative effect of change in accounting principles (a) ————222
Charge-offs (776) (737) (776) (880) (1,646)
Total charge-offs (776) (737) (776) (880) (1,646)
Recoveries 239 265 302 327 448
Net charge-offs (537) (472) (474) (553) (1,198)
Provision for loan losses 457 501 329 161 361
Other (b) (151) 9 (188) 22 43
Balance at December 31, $ 977 $ 1,208 $ 1,170 $ 1,503 $ 1,873
(a) Effect of change in accounting principle due to adoption of ASU 2009-17, Improvements to Financial Reporting by Enterprises Involved with Variable
Interest Entities.
(b) Primarily related to the transfer of finance receivables and loans from held-for-investment to held-for-sale. Also includes provision for loan losses relating
to discontinued operations of $65 million, $58 million, and $77 million for the years ended December 31, 2012, 2011, and 2010, respectively.