Navy Federal Credit Union 2013 Annual Report Download - page 40
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Navy Federal Credit Union • 2013 Financial Section
20
2013 ANNUAL REPORT
Changes in the allowance for loan losses during the years ended December 31, 2013 and 2012 were
as follows:
(dollars in thousands)
Credit Cards Real Estate Other Total
$ $ $ $ $
Provision charged to operations 192,707 212,850 50,041 — 455,598
Provision for unfunded
commitment 1,030 11,391 — — 12,421
Loans charged o (234,978) (209,022) (79,776) — (523,776)
Recoveries 41,208 12,041 7,518 2 60,769
Ending balance: loans individually
evaluated for impairment 62,167 54,240 100,175 — 216,582
Ending balance: loans collectively
evaluated for impairment 166,360 197,207 39,765 249 403,581
Ending balance: loans acquired
with deteriorated credit quality 8,831 — 10,245 — 19,076
Ending balance: loans individually
evaluated for impairment $ 352,477 $ 207,491 $ 499,016 $ — $ 1,058,984
Ending balance: loans collectively
evaluated for impairment 11,704,908 7,919,993 19,388,543 — 39,013,444
Ending balance: loans acquired with
deteriorated credit quality 6,587 — 45,529 — 52,116
(dollars in thousands)
Credit Cards Real Estate Other Total
$ $ $ $ $
Provision charged to operations 180,479 159,123 106,478 — 446,080
Provision for unfunded
commitment 952 8,157 — — 9,109
Loans charged o (196,948) (169,625) (115,254) 3 (481,824)
Recoveries 42,747 9,263 6,464 — 58,474
Ending balance: loans individually
evaluated for impairment 63,864 51,906 58,389 — 174,159
Ending balance: loans collectively
evaluated for impairment 165,831 172,281 105,888 247 444,247
Ending balance: loans acquired with
deteriorated credit quality 7,696 — 8,125 — 15,821
Ending balance: loans individually
evaluated for impairment $ 254,513 $ 142,756 $ 465,964 $ — $ 863,233
Ending balance: loans collectively
evaluated for impairment 9,881,154 6,658,495 17,791,561 — 34,331,210
Ending balance: loans acquired with
deteriorated credit quality 9,806 — 52,879 — 62,685