SunTrust 2012 Annual Report Download - page 138
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Notes to Consolidated Financial Statements (Continued)
122
Impaired Loans
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. Commercial nonaccrual loans greater than $3 million and certain
consumer, residential, and commercial loans whose terms have been modified in a TDR are individually evaluated for impairment.
Smaller-balance homogeneous loans that are collectively evaluated for impairment are not included in the following tables.
Additionally, the tables below exclude guaranteed student loans and guaranteed residential mortgages for which there was nominal
risk of principal loss.
As of December 31, 2012 Year Ended December 31, 2012
(Dollars in millions)
Unpaid
Principal
Balance Amortized
Cost1Related
Allowance
Average
Amortized
Cost
Interest
Income
Recognized2
Impaired loans with no related allowance recorded:
Commercial loans:
Commercial & industrial $59 $40 $— $48 $1
Commercial real estate 6 5 — 9 —
Commercial construction 45 45 — 45 1
Total commercial loans 110 90 — 102 2
Impaired loans with an allowance recorded:
Commercial loans:
Commercial & industrial 46 38 6 51 1
Commercial real estate 15 7 1 9 —
Commercial construction 5 3 — 4 —
Total commercial loans 66 48 7 64 1
Residential loans:
Residential mortgages - nonguaranteed 2,346 2,046 234 2,063 83
Home equity products 661 612 88 627 26
Residential construction 259 201 26 209 10
Total residential loans 3,266 2,859 348 2,899 119
Consumer loans:
Other direct 14 14 2 15 1
Indirect 46 46 2 50 2
Credit cards 21 21 5 24 2
Total consumer loans 81 81 9 89 5
Total impaired loans $3,523 $3,078 $364 $3,154 $127
1Amortized cost reflects charge-offs that have been recognized plus other amounts that have been applied to reduce the net book balance.
2Of the interest income recognized for the year ended December 31, 2012, cash basis interest income was $18 million.