SunTrust 2011 Annual Report Download - page 65
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NONPERFORMING ASSETS
As previously noted, while the reclassification of our loan types in 2010 had no effect on total NPLs, SEC regulations require
us, in some instances, to present five years of comparable data where trend information may be deemed relevant, in which
case we have provided the pre-adoption NPL classifications due to the inability to restate prior periods under the post-adoption
classifications.
The following tables present our nonperforming assets at December 31:
Nonperforming Assets (Post-Adoption)
(Dollars in millions)
Nonaccrual/NPLs:
Commercial loans
Commercial & industrial
Commercial real estate
Commercial construction
Total commercial NPLs
Residential loans
Residential mortgages - nonguaranteed
Home equity products
Residential construction
Total residential NPLs
Consumer loans
Other direct
Indirect
Total consumer NPLs
Total nonaccrual/NPLs
OREO1
Other repossessed assets
Total nonperforming assets
Accruing loans past due 90 days or more2
TDRs:
Accruing restructured loans
Nonaccruing restructured loans3
Ratios:
NPLs to total loans
Nonperforming assets to total loans plus OREO and other
repossessed assets
2011
$348
288
290
926
1,392
338
220
1,950
7
20
27
2,903
479
10
$3,392
$2,028
$2,820
802
2.37%
2.76
2010
$584
342
961
1,887
1,543
355
290
2,188
10
25
35
4,110
596
52
$4,758
$1,565
$2,613
1,005
3.54%
4.08
Table 14
2009
$732
191
1,247
2,170
2,283
367
529
3,179
8
45
53
5,402
620
79
$6,101
$1,500
$1,641
913
4.75%
5.33
1 Does 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 FHA or the VA totaled $132
million, $195 million, and $113 million at December 31, 2011, 2010, and 2009, respectively.
2 Includes $979 million of consolidated loans eligible for repurchase from Ginnie Mae and classified as held for sale at December 31, 2009.
3 Nonaccruing restructured loans are included in total nonaccrual/NPLs.
Nonperforming assets decreased $1.4 billion, down 29% during the year ended December 31, 2011. The decrease was
predominantly attributable to a $1.2 billion reduction in NPLs as a result of our problem loan resolution efforts. Real estate
related loans comprise a significant portion of our overall nonperforming assets as a result of the U.S. housing market correction.
The amount of time necessary to obtain control of residential real estate collateral in certain states, primarily Florida, has
remained elevated due to delays in the foreclosure process. These delays may impact the resolution of real estate related loans