SunTrust 2013 Annual Report Download - page 143
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Notes to Consolidated Financial Statements, continued
127
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.
December 31, 2013 December 31, 2012
(Dollars in millions)
Unpaid
Principal
Balance
Amortized
Cost1Related
Allowance
Unpaid
Principal
Balance
Amortized
Cost1Related
Allowance
Impaired loans with no related allowance recorded:
Commercial loans:
C&I $81 $56 $— $59 $40 $—
CRE 61 60 — 65—
Commercial construction ———45 45 —
Total commercial loans 142 116 — 110 90 —
Impaired loans with an allowance recorded:
Commercial loans:
C&I 51 49 10 46 38 6
CRE 83—
1571
Commercial construction 63—53—
Total commercial loans 65 55 10 66 48 7
Residential loans:
Residential mortgages - nonguaranteed 2,357 2,051 226 2,346 2,046 234
Home equity products 710 638 96 661 612 88
Residential construction 241 189 23 259 201 26
Total residential loans 3,308 2,878 345 3,266 2,859 348
Consumer loans:
Other direct 14 14 — 14 14 2
Indirect 83 83 5 46 46 2
Credit cards 13 13 3 21 21 5
Total consumer loans 110 110 8 81 81 9
Total impaired loans $3,625 $3,159 $363 $3,523 $3,078 $364
1 Amortized cost reflects charge-offs that have been recognized plus other amounts that have been applied to reduce the net book balance.
Included in the impaired loan balances above were $2.7 billion and $2.4 billion of accruing TDRs, at amortized cost, at
December 31, 2013 and 2012, respectively, of which 96% and 95% were current, respectively. See Note 1, “Significant Accounting
Policies,” for further information regarding the Company’s loan impairment policy.