SunTrust 2015 Annual Report Download - page 124
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Notes to Consolidated Financial Statements, continued
96
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 commercial, residential, and consumer 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 consumer student loans and guaranteed residential
mortgages for which there was nominal risk of principal loss.
December 31, 2015 December 31, 2014
(Dollars in millions)
Unpaid
Principal
Balance
Amortized
Cost 1Related
Allowance
Unpaid
Principal
Balance
Amortized
Cost 1Related
Allowance
Impaired loans with no related allowance recorded:
Commercial loans:
C&I $55 $42 $— $70 $51 $—
CRE 11 9 — 12 11 —
Total commercial loans 66 51 — 82 62 —
Residential loans:
Residential mortgages - nonguaranteed 500 380 — 592 425 —
Residential construction 29 8 — 31 9 —
Total residential loans 529 388 — 623 434 —
Impaired loans with an allowance recorded:
Commercial loans:
C&I 173 167 28 27 26 7
CRE — — — 4 4 4
Total commercial loans 173 167 28 31 30 11
Residential loans:
Residential mortgages - nonguaranteed 1,381 1,344 178 1,381 1,354 215
Residential home equity products 740 670 60 703 630 66
Residential construction 127 125 14 145 145 19
Total residential loans 2,248 2,139 252 2,229 2,129 300
Consumer loans:
Other direct 11 11 1 13 13 1
Indirect 114 114 5 105 105 5
Credit cards 24 6 1 25 8 2
Total consumer loans 149 131 7 143 126 8
Total impaired loans $3,165 $2,876 $287 $3,108 $2,781 $319
1 Amortized cost reflects charge-offs that have been recognized plus other amounts that have been applied to adjust the net book balance.
Included in the impaired loan balances above at December 31, 2015 and 2014 were $2.6 billion and $2.5 billion, respectively, of
accruing TDRs at amortized cost, of which 97% and 96% were current, respectively. See Note 1, “Significant Accounting Policies,”
for further information regarding the Company’s loan impairment policy.