SunTrust 2011 Annual Report Download - page 140
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Notes to Consolidated Financial Statements (Continued)
124
(Dollars in millions)
Impaired loans with no related allowance recorded:
Commercial loans:
Commercial & industrial
Commercial real estate
Commercial construction
Total commercial loans
Impaired loans with an allowance recorded:
Commercial loans:
Commercial & industrial
Commercial real estate
Commercial construction
Total commercial loans
Residential loans:
Residential mortgages - nonguaranteed
Home equity products
Residential construction
Total residential loans
Consumer loans:
Other direct
Total impaired loans
As of December 31, 2010
Unpaid
Principal
Balance
$86
110
67
263
123
103
673
899
2,785
503
226
3,514
11
$4,687
Amortized
Cost1
$67
86
52
205
96
81
524
701
2,467
503
196
3,166
11
$4,083
Related
Allowance
$—
—
—
—
18
19
138
175
309
93
26
428
2
$605
1Amortized cost reflects charge-offs that have been recognized plus other amounts that have been applied to reduce net book balance.
Included in the impaired loan balances above were $2.6 billion and $2.5 billion of accruing TDRs at December 31, 2011 and 2010,
respectively, of which 93% and 85% were current, respectively. See Note 1, “Significant Accounting Policies,” for further
information regarding the Company’s loan impairment policy.
Nonperforming assets at December 31 are shown in the following table:
(Dollars in millions)
Nonaccrual/NPLs:
Commercial loans:
Commercial & industrial
Commercial real estate
Commercial construction
Residential loans:
Residential mortgages - nonguaranteed
Home equity products
Residential construction
Consumer loans:
Other direct
Indirect
Total nonaccrual/NPLs
OREO1
Other repossessed assets
Total nonperforming assets
2011
$348
288
290
1,392
338
220
7
20
2,903
479
10
$3,392
2010
$584
342
961
1,543
355
290
10
25
4,110
596
52
$4,758
1Does not include foreclosed real estate related to loans insured by the FHA or the VA. Proceeds due from the FHA and the VA are recorded as a receivable in
other assets until the funds are received and the property is conveyed. The receivable amount related to proceeds due from the FHA or the VA totaled $132 million
and $195 million at December 31, 2011 and 2010, respectively.