Wells Fargo 2014 Annual Report Download - page 178

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Note 6: Loans and Allowance for Credit Losses (continued)
PCI ALLOWANCE Based on our regular evaluation of estimates summarizes the changes in allowance for PCI loan losses since
of cash flows expected to be collected, we may establish an the merger with Wachovia.
allowance for a PCI loan or pool of loans, with a charge to
income though the provision for losses. The following table
Other
(in millions) Commercial Pick-a-Pay consumer Total
Balance, December 31, 2008 $ — — — —
Provision for loan losses 1,668 — 116 1,784
Charge-offs (1,503) — (50) (1,553)
Balance, December 31, 2011 165 — 66 231
Provision for loan losses 25 — 7 32
Charge-offs (102) — (44) (146)
Balance, December 31, 2012 88 — 29 117
Reversal of provision for loan losses (52) — (16) (68)
Charge-offs (10) — (9) (19)
Balance, December 31, 2013 26 — 4 30
Reversal of provision for loan losses (12) — (3) (15)
Charge-offs (3) — (1) (4)
Balance, December 31, 2014 $ 11 — — 11
COMMERCIAL PCI CREDIT QUALITY INDICATORS The
following table provides a breakdown of commercial PCI loans
by risk category.
Commercial
and Real estate Real estate
(in millions) industrial mortgage construction Total
December 31, 2014
By risk category:
Pass $ 21 783 118 922
Criticized 54 478 53 585
Total commercial PCI loans $ 75 1,261 171 1,507
December 31, 2013
By risk category:
Pass $ 118 324 160 602
Criticized 97 1,532 273 1,902
Total commercial PCI loans $ 215 1,856 433 2,504
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