SunTrust 2015 Annual Report Download - page 126

Download and view the complete annual report

Please find page 126 of the 2015 SunTrust annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 196

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196

Notes to Consolidated Financial Statements, continued
98
NPAs are shown in the following table:
(Dollars in millions) December 31, 2015 December 31, 2014
Nonaccrual/NPLs:
Commercial loans:
C&I $308 $151
CRE 11 21
Commercial construction —1
Residential loans:
Residential mortgages - nonguaranteed 183 254
Residential home equity products 145 174
Residential construction 16 27
Consumer loans:
Other direct 66
Indirect 3—
Total nonaccrual/NPLs 1672 634
OREO 256 99
Other repossessed assets 79
Nonperforming LHFS —38
Total NPAs $735 $780
1 Nonaccruing restructured loans are included in total nonaccrual/NPLs.
2 Does not include foreclosed real estate related to loans insured by the FHA or the VA. Proceeds due from the FHA and the VA are recorded as a receivable in other
assets in the Consolidated Balance Sheets until the property is conveyed and the funds are received. The receivable related to proceeds due from the FHA or the VA
totaled $52 million and $57 million at December 31, 2015 and 2014, respectively.
The Company's recorded investment of nonaccruing loans
secured by residential real estate properties for which formal
foreclosure proceedings are in process at December 31, 2015
and 2014 was $112 million and $152 million, respectively. The
Company's recorded investment of accruing loans secured by
residential real estate properties for which formal foreclosure
proceedings are in process at December 31, 2015 and 2014 was
$152 million and $194 million, of which $141 million and $179
million were insured by the FHA or the VA, respectively.
At December 31, 2015 and 2014, OREO was comprised of
$39 million and $75 million of foreclosed residential real estate
properties and $11 million and $16 million of foreclosed
commercial real estate properties, respectively, with the
remainder related to land and other properties.