SunTrust 2012 Annual Report Download - page 144
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Notes to Consolidated Financial Statements (Continued)
128
Activity in the ALLL by segment for the years ended December 31 is presented in the tables below:
2012
(Dollars in millions) Commercial Residential Consumer Total
Balance at beginning of period $964 $1,354 $139 $2,457
Provision for loan losses 241 1,062 95 1,398
Loan charge-offs (457) (1,316) (134) (1,907)
Loan recoveries 154 31 41 226
Balance at end of period $902 $1,131 $141 $2,174
2011
(Dollars in millions) Commercial Residential Consumer Total
Balance at beginning of period $1,303 $1,498 $173 $2,974
Provision for loan losses 324 1,113 86 1,523
Loan charge-offs (803) (1,275) (163) (2,241)
Loan recoveries 140 18 43 201
Balance at end of period $964 $1,354 $139 $2,457
As discussed in Note 1, “Significant Accounting Policies,” the ALLL is composed of both specific allowances for certain nonaccrual
loans and TDRs and general allowances grouped into loan pools based on similar characteristics. No allowance is required for
loans carried at fair value. Additionally, the Company records an immaterial allowance for loan products that are guaranteed by
government agencies, as there is nominal risk of principal loss.
The Company’s LHFI portfolio and related ALLL at December 31 is shown in the tables below:
2012
Commercial Residential Consumer Total
(Dollars in millions)
Carrying
Value Associated
ALLL Carrying
Value Associated
ALLL Carrying
Value Associated
ALLL Carrying
Value Associated
ALLL
Individually evaluated $138 $7 $2,859 $348 $81 $9 $3,078 $364
Collectively evaluated 58,750 895 39,961 783 19,302 132 118,013 1,810
Total evaluated 58,888 902 42,820 1,131 19,383 141 121,091 2,174
LHFI at fair value — — 379 — — — 379 —
Total LHFI $58,888 $902 $43,199 $1,131 $19,383 $141 $121,470 $2,174
2011
Commercial Residential Consumer Total
(Dollars in millions)
Carrying
Value
Associated
ALLL
Carrying
Value
Associated
ALLL
Carrying
Value
Associated
ALLL
Carrying
Value
Associated
ALLL
Individually evaluated $412 $34 $3,141 $405 $39 $9 $3,592 $448
Collectively evaluated 55,458 930 43,088 949 19,924 130 118,470 2,009
Total evaluated 55,870 964 46,229 1,354 19,963 139 122,062 2,457
LHFI at fair value 2 — 431 — — — 433 —
Total LHFI $55,872 $964 $46,660 $1,354 $19,963 $139 $122,495 $2,457