Comerica 2009 Annual Report Download - page 34

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Years Ended December 31
Percent
2009 2008 Change Change
(dollar amounts in millions)
Average Loans By Business Line:
Middle Market ..................................... $14,286 $16,528 $(2,242) (14)%
Commercial Real Estate ............................... 6,083 6,610 (527) (8)
Global Corporate Banking ............................. 6,006 6,444 (438) (7)
National Dealer Services .............................. 3,466 4,872 (1,406) (29)
Specialty Businesses (a) ............................... 5,561 6,413 (852) (13)
Total Business Bank .............................. 35,402 40,867 (5,465) (13)
Small Business ..................................... 3,948 4,244 (296) (7)
Personal Financial Services ............................. 2,059 2,098 (39) (2)
Total Retail Bank ................................ 6,007 6,342 (335) (5)
Private Banking .................................... 4,758 4,542 216 5
Total Wealth & Institutional Management ............... 4,758 4,542 216 5
Finance/Other ..................................... (5) 14 (19) N/M
Total loans ........................................ $46,162 $51,765 $(5,603) (11)%
(a) Includes Entertainment, Energy, Leasing, Financial Services Division and Technology and Life Sciences.
N/M — not meaningful.
Years Ended December 31
Percent
2009 2008 Change Change
(dollar amounts in millions)
Average Loans By Geographic Market:
Midwest .......................................... $16,965 $19,062 $(2,097) (11)%
Western .......................................... 14,281 16,565 (2,284) (14)
Texas ............................................ 7,384 7,776 (392) (5)
Florida ........................................... 1,745 1,892 (147) (8)
Other Markets ..................................... 3,883 4,217 (334) (8)
International ....................................... 1,909 2,239 (330) (15)
Finance/Other ..................................... (5) 14 (19) N/M
Total loans ........................................ $46,162 $51,765 $(5,603) (11)%
N/M — not meaningful.
Total loans were $42.2 billion at December 31, 2009, a decrease of $8.3 billion from $50.5 billion at
December 31, 2008. As shown in the tables above, total average loans decreased $5.6 billion, or 11 percent, to
$46.2 billion in 2009, compared to $51.8 billion 2008, with declines in nearly all business lines and in all
geographic markets from 2008 to 2009.
Average commercial real estate loans, consisting of real estate construction and commercial mortgage loans,
decreased $571 million, or four percent, to $14.6 billion in 2009, from $15.1 billion in 2008. Commercial
mortgage loans are loans where the primary collateral is a lien on any real property. Real property is generally
considered primary collateral if the value of that collateral represents more than 50 percent of the commitment at
loan approval. Average loans to borrowers in the Commercial Real Estate business line, which primarily includes
loans to real estate investors and developers, represented $5.2 billion, or 36 percent of average total commercial
real estate loans, in 2009, compared to $5.6 billion, or 37 percent of average total commercial real estate loans, in
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