SunTrust 2010 Annual Report Download - page 128

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SUNTRUST BANKS, INC.
Notes to Consolidated Financial Statements (Continued)
The Company tracks loan payment activity for the LHFI portfolio. The payment status for the LHFI portfolio at
December 31, 2010 and 2009 is shown in the tables below:
As of December 31, 2010
(Dollars in millions)
Accruing
Current
Accruing
30-89 Days
Past Due
Accruing
90+ Days
Past Due Nonaccruing3Total
Commercial loans:
Commercial & industrial1$44,046 $111 $12 $584 $44,753
Commercial real estate 5,794 27 4 342 6,167
Commercial construction 1,595 11 1 961 2,568
Total commercial loans 51,435 149 17 1,887 53,488
Residential loans:
Residential mortgages - guaranteed 3,469 167 884 - 4,520
Residential mortgages - nonguaranteed221,916 456 44 1,543 23,959
Home equity products 16,162 234 - 355 16,751
Residential construction 953 42 6 290 1,291
Total residential loans 42,500 899 934 2,188 46,521
Consumer loans:
Guaranteed student loans 3,281 383 596 - 4,260
Other direct 1,692 15 5 10 1,722
Indirect 9,400 74 - 25 9,499
Credit cards 460 12 13 - 485
Total consumer loans 14,833 484 614 35 15,966
Total LHFI $108,768 $1,532 $1,565 $4,110 $115,975
1Includes $4 million in loans carried at fair value at December 31, 2010.
2Includes $488 million in loans carried at fair value at December 31, 2010.
3Total nonaccruing loans past due 90 days or more totaled $3.3 billion at December 31, 2010. Nonaccruing loans past due fewer than 90
days include modified nonaccrual loans reported as TDRs.
As of December 31, 2009
(Dollars in millions)
Accruing
Current
Accruing
30-89 Days
Past Due
Accruing
90+ Days
Past Due Nonaccruing3Total
Commercial loans:
Commercial & industrial1$43,092 $148 $36 $732 $44,008
Commercial real estate 6,423 71 9 191 6,694
Commercial construction 3,682 38 17 1,247 4,984
Total commercial loans 53,197 257 62 2,170 55,686
Residential loans:
Residential mortgages - guaranteed 949 - - - 949
Residential mortgages - nonguaranteed222,933 577 54 2,283 25,847
Home equity products 17,134 282 - 367 17,783
Residential construction 1,298 66 16 529 1,909
Total residential loans 42,314 925 70 3,179 46,488
Consumer loans:
Guaranteed student loans 2,185 236 365 - 2,786
Other direct 1,453 18 5 8 1,484
Indirect 6,522 98 - 45 6,665
Credit cards 528 19 19 - 566
Total consumer loans 10,688 371 389 53 11,501
Total LHFI $106,199 $1,553 $521 $5,402 $113,675
1Includes $12 million in loans carried at fair value at December 31, 2009.
2Includes $437 million in loans carried at fair value at December 31, 2009.
3Total nonaccruing loans past due 90 days or more totaled $4.3 billion at December 31, 2009. Nonaccruing loans past due fewer than 90
days include modified nonaccrual loans reported as TDRs.
A loan is considered impaired when it is probable that the Company will be unable to collect all amounts due, including
principal and interest, according to the contractual terms of the agreement. Large commercial nonaccrual loans and certain
consumer, residential, and commercial loans whose terms have been modified in a TDR are individually evaluated for
112