SunTrust 2012 Annual Report Download - page 139

Notes to Consolidated Financial Statements (Continued)
123
As of December 31, 2011 Year Ended December 31, 2011
(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 $93 $73 $— $109 $3
Commercial real estate 58 50 — 56 1
Commercial construction 45 40 — 47 1
Total commercial loans 196 163 — 212 5
Impaired loans with an allowance recorded:
Commercial loans:
Commercial & industrial 76 67 9 68 1
Commercial real estate 111 82 15 103 2
Commercial construction 132 100 10 121 2
Total commercial loans 319 249 34 292 5
Residential loans:
Residential mortgages - nonguaranteed 2,797 2,405 293 2,451 88
Home equity products 553 515 86 528 23
Residential construction 246 221 26 229 8
Total residential loans 3,596 3,141 405 3,208 119
Consumer loans:
Other direct 12 12 1 13 1
Credit cards 27 27 8 26 2
Total consumer loans 39 39 9 39 3
Total impaired loans $4,150 $3,592 $448 $3,751 $132
1Amortized cost reflects charge-offs that have been recognized plus other amounts that have been applied to reduce net book balance.
2Of the interest income recognized for the year ended December 31, 2011, cash basis interest income was $25 million.
Included in the impaired loan balances above were $2.4 billion and $2.6 billion of accruing TDRs, at amortized cost, at December
31, 2012 and 2011, respectively, of which 95% and 93% were current, respectively. See Note 1, “Significant Accounting Policies,”
for further information regarding the Company’s loan impairment policy.