Comerica 2010 Annual Report Download - page 52

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The geographic distribution and project type of commercial real estate loans are important factors in
diversifying credit risk within the portfolio. The following table reflects real estate construction and commercial
mortgage loans to borrowers in the Commercial Real Estate business line by project type and location of
property.
December 31, 2010
Location of Property December 31, 2009
(dollar amounts in millions)
Project Type: Western Michigan Texas Florida
Other
Markets Total
%of
Total Total
%of
Total
Real estate construction loans:
Commercial Real Estate business
line:
Residential:
Single family $ 99 $ 18 $ 22 $ 39 $ 18 $ 196 10 % $ 500 17 %
Land development 60 9 52 9 27 157 9 305 10
Total residential 159 27 74 48 45 353 19 805 27
Other construction:
Multi-family 129 - 227 131 92 579 32 774 26
Retail 119 48 262 27 29 485 27 773 26
Multi-use 117 5 52 - 27 201 11 242 8
Office 57 6 42 14 - 119 6 252 8
Commercial -1433- -473 70 2
Land development 4 9 11 - - 24 1 36 1
Other 10 - 6 2 - 18 1 50 2
Total $ 595 $ 109 $ 707 $ 222 $ 193 $1,826 100 % $3,002 100 %
Commercial mortgage loans:
Commercial Real Estate business
line:
Residential:
Single family $13$ 3 $17$ 6$30$69 4%$41 2%
Land carry 45 28 18 31 11 133 6 216 12
Total residential 58 31 35 37 41 202 10 257 14
Other commercial mortgage:
Multi-family 51 55 138 115 45 404 22 411 22
Retail 128 98 16 64 80 386 20 327 17
Multi-use 115 16 31 - 87 249 13 236 12
Land carry 140 45 20 18 16 239 12 271 14
Office 147 34 12 11 17 221 11 194 10
Commercial 49 33 17 - 22 121 6 126 7
Other 7 47 - - 61 115 6 67 4
Total $ 695 $ 359 $ 269 $ 245 $ 369 $1,937 100 % $1,889 100 %
Residential real estate development outstandings of $555 million at December 31, 2010 decreased $507
million, or 48 percent, from $1.1 billion at December 31, 2009. Net credit-related charge-offs in the Commercial
Real Estate business line totaled $221 million in 2010, including $105 million in the Western market (residential
real estate development business), $61 million in the Midwest market and $26 million in the Texas market,
compared to $335 million in 2009, including $179 in the Western market (primarily residential real estate
development business) and $80 million in the Midwest market.
50