SunTrust 2013 Annual Report Download - page 68
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52
During 2013, the provision for loan losses decreased $850 million, or 61%, compared to 2012. The change in the provision
for loan losses was largely attributable to improvements in credit quality trends and lower net charge-offs during 2013 compared
to 2012, partially offset by the effect of loan growth in the commercial and consumer loan portfolios. In 2014, positive loan
growth may offset future asset quality improvements and result in smaller declines in the provision for loan losses or potential
increases in the provision for loan losses when compared to prior periods.
ALLL and Reserve for Unfunded Commitments
Allowance for Loan Losses by Loan Segment Table 12
December 31
(Dollars in millions) 2013 2012 2011 2010 2009
ALLL
Commercial loans $946 $902 $964 $1,303 $1,353
Residential loans 930 1,131 1,354 1,498 1,592
Consumer loans 168 141 139 173 175
Total $2,044 $2,174 $2,457 $2,974 $3,120
Segment ALLL as a % of total ALLL
Commercial loans 46% 41% 39% 44% 43%
Residential loans 46 52 55 50 51
Consumer loans 87666
Total 100% 100% 100% 100% 100%
Loan segment as a % of total loans
Commercial loans 50% 48% 46% 46% 49%
Residential loans 34 36 38 40 41
Consumer loans 16 16 16 14 10
Total 100% 100% 100% 100% 100%
The ALLL decreased by $130 million, or 6%, during 2013 compared to 2012, driven by the improvements in credit conditions
of the residential loan portfolio, partially offset by the effect of loan growth in the commercial and consumer loan portfolios. At
December 31, 2013, the ALLL to period-end loans ratio of 1.60% decreased 20 basis points compared to 1.80% at December 31,
2012. When excluding government-guaranteed loans, the ALLL to period-end loans ratio decreased to 1.72% at December 31,
2013, compared to 1.95% at December 31, 2012. The ratio of the ALLL to total NPLs was 212% at December 31, 2013,
compared to 142% at December 31, 2012. The increase in this ratio was primarily attributable to the $576 million decrease
in NPLs, partially offset by the reduction in the ALLL. The appropriate ALLL level will continue to be determined by our
detailed quarterly review process.