Huntington National Bank 2012 Annual Report Download - page 62

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54
The following table reflects activity in the ALLL and AULC for each of the last five years:
Table 18 - Summary of Allowance for Credit Losses and Related Statistics
Year Ended December 31,
(dollar amounts in thousands) 2012 2011 2010 2009 2008
Allowance for loan and lease losses, beginning of year $ 964,828 $ 1,249,008 $ 1,482,479 $ 900,227 $ 578,442
Loan and lease charge-offs
Commercial:
Commercial and industrial (101,475) (134,385) (316,771) (525,262) (538,434)
Commercial real estate:
Construction (12,131) (42,012) (116,428) (196,148) (6,631)
Commercial (105,920) (140,747) (187,567) (500,534) (65,565)
Commercial real estate (118,051) (182,759) (303,995) (696,682) (72,196)
Total commercial (219,526) (317,144) (620,766) (1,221,944) (610,630)
Consumer:
Automobile (26,070) (33,593) (46,308) (76,141) (72,108)
Home equity (124,286) (109,427) (140,831) (110,400) (70,457)
Residential mortgage (52,228) (65,069) (163,427) (111,899) (23,012)
Other consumer (33,090) (32,520) (32,575) (40,993) (30,123)
Total consumer (235,674) (240,609) (383,141) (339,433) (195,700)
Total charge-offs (455,200) (557,753) (1,003,907) (1,561,378) (806,330)
Recoveries of loan and lease charge-offs
Commercial:
Commercial and industrial 37,227 44,686 61,839 37,656 12,269
Commercial real estate:
Construction 4,090 10,488 7,420 3,442 5
Commercial 35,532 24,170 21,013 10,509 3,451
Total commercial real estate 39,622 34,658 28,433 13,951 3,456
Total commercial 76,849 79,344 90,272 51,607 15,725
Consumer:
Automobile 16,628 18,526 19,736 19,809 17,543
Home equity 7,907 7,630 1,458 4,224 2,901
Residential mortgage 4,305 8,388 10,532 1,697 1,765
Other consumer 7,049 6,776 7,435 7,454 10,329
Total consumer 35,889 41,320 39,161 33,184 32,538
Total recoveries 112,738 120,664 129,433 84,791 48,263
N
et loan and lease charge-offs (342,462) (437,089) (874,474) (1,476,587) (758,067)
Provision for loan and lease losses 155,193 167,730 641,299 2,069,931 1,067,789
Economic reserve transfer - - - - 12,063
Allowance for assets sold and securitized or transferred to
loans held for sale (8,484) (14,821) (296) (11,092) -
Allowance for loan and lease losses, end of year 769,075 964,828 1,249,008 1,482,479 900,227
Allowance for unfunded loan commitments, beginning of year 48,456 42,127 48,879 44,139 66,528
(Reduction in) Provision for unfunded loan commitments and
letters of credit losses (7,805) 6,329 (6,752) 4,740 (10,326)
Economic reserve transfer - - - - (12,063)
Allowance for unfunded loan commitments, end of year 40,651 48,456 42,127 48,879 44,139
Allowance for credit losses, end of year $ 809,726 $ 1,013,284 $ 1,291,135 $ 1,531,358 $ 944,366