Regions Bank 2011 Annual Report Download - page 114
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2007
(In millions)
Allowance for loan losses at January 1 ................................................. $ 1,056
Loans charged-off:
Commercial and industrial ....................................................... 103
Commercial real estate (1) ........................................................ 39
Construction .................................................................. 33
Residential first mortgage ........................................................ 20
Home equity .................................................................. 54
Indirect ...................................................................... 36
Other consumer ............................................................... 83
368
Recoveries of loans previously charged-off:
Commercial and industrial ....................................................... 30
Commercial real estate (1) ........................................................ 9
Construction .................................................................. 2
Residential first mortgage ........................................................ 1
Home equity .................................................................. 13
Indirect ...................................................................... 16
Other consumer ............................................................... 26
97
Net charge-offs:
Commercial and industrial ....................................................... 73
Commercial real estate (1) ........................................................ 30
Construction .................................................................. 31
Residential first mortgage ........................................................ 19
Home equity .................................................................. 41
Indirect ...................................................................... 20
Other consumer ............................................................... 57
271
Allowance allocated to sold loans and loans transferred to loans held for sale ................... (19)
Provision for loan losses from continuing operations ...................................... 555
Allowance for loan losses at December 31 .............................................. $ 1,321
Reserve for unfunded credit commitments at January 1 .................................... $ 52
Provision for unfunded credit commitments ......................................... 6
Reserve for unfunded credit commitments at December 31 ................................. $ 58
Allowance for credit losses .......................................................... $ 1,379
Loans, net of unearned income, outstanding at end of period ................................ $95,379
Average loans, net of unearned income outstanding for the period ............................ $94,372
Ratios:
Allowance for loan losses at end of period to loans, net of unearned income ................ 1.39%
Allowance for loan losses at end of period to non-performing loans, excluding loans held for
sale ....................................................................... 1.78x
Net charge-offs as percentage of:
Average loans, net of unearned income ......................................... 0.29%
Provision for loan losses ..................................................... 48.8%
(1) Breakout of commercial real estate mortgage and construction between owner occupied and investor
categories is not available for periods prior to 2008.
90