TCF Bank 2011 Annual Report Download - page 88

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Note 7. Allowance for Loan and Lease Losses and Credit Quality Information
The following tables provide the allowance for loan and lease losses, other credit loss reserves and other information
regarding the allowance for loan and lease losses and balances by type of allowance methodology. TCF’s key credit
quality indicator is the receivable’s performance status, defined as accruing or non-accruing.
At December 31, 2011
(In thousands)
Consumer Real
Estate and
Other Commercial
Leasing and
Equipment
F i n a n c e
Inventory
Finance Total
Allowance for loan and lease losses:
Balance, at beginning of year $ 174,503 $ 62,478 $ 26,301 $ 2,537 $ 265,819
Charge-offs (169,534) (42,733) (16,984) (1,044) (230,295)
Recoveries 13,005 1,654 4,461 193 19,313
Net charge-offs (156,529) (41,079) (12,523) (851) (210,982)
Provision for credit losses 166,575 25,555 7,395 1,318 200,843
Other – – – (8) (8)
Balance, at end of year $ 184,549 $ 46,954 $ 21,173 $ 2,996 $ 255,672
Allowance for loan and lease losses:
Collectively evaluated for loss potential $ 183,429 $ 24,842 $ 17,339 $ 2,583 $ 228,193
Individually evaluated for loss potential 1,120 22,112 3,834 413 27,479
Total $ 184,549 $ 46,954 $ 21,173 $ 2,996 $ 255,672
Loans and leases outstanding:
Collectively evaluated for loss potential $6,922,512 $2,811,046 $3,112,864 $616,496 $13,462,918
Individually evaluated for loss potential 7,664 638,446 22,200 8,204 676,514
Loans acquired with deteriorated credit quality 3,628 – 7,195 – 10,823
Total $6,933,804 $3,449,492 $3,142,259 $624,700 $14,150,255
At December 31, 2010
(In thousands)
Consumer Real
Estate and
Other Commercial
Leasing and
Equipment
F i n a n c e
Inventory
Finance Total
Allowance for loan and lease losses:
Balance, at beginning of year $ 167,442 $ 43,504 $ 32,063 $ 1,462 $ 244,471
Charge-offs (151,107) (49,727) (34,745) (1,484) (237,063)
Recoveries 16,208 1,327 4,100 339 21,974
Net charge-offs (134,899) (48,400) (30,645) (1,145) (215,089)
Provision for credit losses 141,960 67,374 24,883 2,220 236,437
Balance, at end of year $ 174,503 $ 62,478 $ 26,301 $ 2,537 $ 265,819
Allowance for loan and lease losses:
Collectively evaluated for loss potential $ 173,726 $ 26,928 $ 17,478 $ 2,097 $ 220,229
Individually evaluated for loss potential 777 35,550 8,823 440 45,590
Total $ 174,503 $ 62,478 $ 26,301 $ 2,537 $ 265,819
Loans and leases outstanding:
Collectively evaluated for loss potential $ 7,182,753 $ 2,933,466 $3,102,581 $785,231 $14,004,031
Individually evaluated for loss potential 12,516 712,737 38,243 7,123 770,619
Loans acquired with deteriorated credit quality – – 13,654 – 13,654
Total $ 7,195,269 $ 3,646,203 $3,154,478 $792,354 $ 14,788,304
70 TCF Financial Corporation and Subsidiaries