Comerica 2009 Annual Report Download - page 46

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The following table presents a summary of changes in nonaccrual loans.
2009 2008
(in millions)
Balance at January 1 ................................................ $ 917 $ 391
Loans transferred to nonaccrual (a) ...................................... 1,287 1,123
Nonaccrual business loan gross charge-offs (b) .............................. (838) (469)
Loans transferred to accrual status (a) .................................... (8) (11)
Nonaccrual business loans sold (c) ...................................... (64) (47)
Payments/Other (d) ................................................. (129) (70)
Balance at December 31 ............................................. $1,165 $ 917
(a) Based on an analysis of nonaccrual loans with book balances greater than $2 million.
(b) Analysis of gross loan charge-offs:
Nonaccrual business loans ......................................... $ 838 $ 469
Performing watch list loans (as defined below) ........................... 22
Consumer and residential mortgage loans .............................. 55 29
Total gross loan charge-offs ...................................... $ 895 $ 500
(c) Analysis of loans sold:
Nonaccrual business loans ......................................... $64$47
Performing watch list loans (as defined below) ........................... 31 16
Total loans sold ............................................... $95$63
(d) Includes net changes related to nonaccrual loans with balances less than $2 million, payments on
nonaccrual loans with book balances greater than $2 million, transfers of nonaccrual loans to foreclosed
property and consumer and residential mortgage loan charge-offs. Excludes business loan gross charge-offs
and nonaccrual business loans sold.
The following table presents the number of nonaccrual loan relationships greater than $2 million and
balance by size of relationship at December 31, 2009.
Nonaccrual Number of
Relationship Size Relationships Balance
(dollar amounts
in millions)
$2 million — $5 million ........................................... 71 $231
$5 million — $10 million .......................................... 41 295
$10 million — $25 million ......................................... 20 305
Greater than $25 million .......................................... 398
Total loan relationships greater than $2 million at December 31, 2009 ........... 135 $929
There were 148 loan relationships each with balances greater than $2 million, totaling $1.3 billion,
transferred to nonaccrual status in 2009, an increase of $164 million when compared to $1.1 billion in 2008. Of
the transfers to nonaccrual with balances greater than $2 million in 2009, $597 million were from the
Commercial Real Estate business line (including $305 million and $100 million from the Western and Florida
markets, respectively), $336 million were from the Middle Market business line (including $202 million from the
Midwest market) and $155 million were from the Global Corporate Banking business line. There were 45 loan
relationships greater than $10 million transferred to nonaccrual in 2009, totaling $840 million, including
44