SunTrust 2012 Annual Report Download - page 141

Notes to Consolidated Financial Statements (Continued)
125
The number and amortized cost of loans modified under the terms of a TDR during the year ended December 31, 2012 and 2011,
by type of modification, are shown in the following tables:
20121
(Dollars in millions)
Number of
Loans
Modified Principal
Forgiveness 2Rate Modification 3
Term Extension
and/or Other
Concessions 4Total
Commercial loans:
Commercial & industrial 358 $5 $4 $23 $32
Commercial real estate 33 20 7 6 33
Commercial construction 16 4 — 14 18
Residential loans:
Residential mortgages - nonguaranteed 2,804 — 72 125 197
Home equity products 3,790 — 110 91 201
Residential construction 564 — 1 73 74
Consumer loans:
Other direct 127 — — 4 4
Indirect 2,803 — — 49 49
Credit cards 1,421 — 8 — 8
Total TDRs 11,916 $29 $202 $385 $616
1Includes loans modified under the terms of a TDR that were charged-off during the period.
2Restructured loans which had forgiveness of amounts contractually due under the terms of the loan typically have had multiple concessions including rate
modifications and/or term extensions. The total amount of charge-offs associated with principal forgiveness during the year ended December 31, 2012 was $9
million.
3Restructured loans which had a modification of the loan's contractual interest rate may also have had an extension of the loan's contractual maturity date and/or
other concessions. The financial effect of modifying the interest rate on the loans modified as a TDR was immaterial to the financial statements during the year
ended December 31, 2012.
4 Approximately 4,231 of the residential loans, with an amortized cost of $201 million as of December 31, 2012, relate to loans discharged in Chapter 7 bankruptcy
that were reclassified as TDRs during 2012.
20111
(Dollars in millions)
Number of
Loans
Modified
Principal
Forgiveness 2Rate Modification 3
Term Extension
and/or Other
Concessions Total
Commercial loans:
Commercial & industrial 510 $28 $45 $55 $128
Commercial real estate 43 40 26 22 88
Commercial construction 102 38 8 97 143
Residential loans:
Residential mortgages - nonguaranteed 967 — 233 16 249
Home equity products 1,737 — 134 6 140
Residential construction 367 — 17 36 53
Consumer loans:
Other direct 78 — 1 3 4
Credit cards 2,468 — 14 — 14
Total TDRs 6,272 $106 $478 $235 $819
1Includes loans modified under the terms of a TDR that were charged-off during the period.
2Restructured loans which had forgiveness of amounts contractually due under the terms of the loan typically have had multiple concessions including rate
modifications and/or term extensions. The total amount of charge-offs associated with principal forgiveness during the year ended December 31, 2011 was $17
million.
3Restructured loans which had a modification of the loan's contractual interest rate may also have had an extension of the loan's contractual maturity date and/or
other concessions. The financial effect of modifying the interest rate on the loans modified as a TDR was immaterial to the financial statements during the year
ended December 31, 2011.