Discover 2015 Annual Report Download - page 122
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-106-
Allowance for Loan Losses
The following tables provide changes in the Company’s allowance for loan losses for the periods presented
(dollars in millions):
For the Year Ended December 31, 2015
Credit Card Personal
Loans Student
Loans(1) Other Total
Balance at beginning of period ........................................... $1,474 $ 120 $ 135 $ 17 $ 1,746
Additions
Provision for loan losses ................................................. 1,300 147 64 1 1,512
Deductions
Charge-offs ................................................................... (1,660) (129) (65) (1) (1,855)
Recoveries ..................................................................... 440 17 9 — 466
Net charge-offs .......................................................... (1,220) (112) (56) (1) (1,389)
Balance at end of period .................................................... $1,554 $ 155 $ 143 $ 17 $ 1,869
For the Year Ended December 31, 2014
Credit Card Personal
Loans Student
Loans(1) Other Total
Balance at beginning of period ........................................... $1,406 $ 112 $ 113 $ 17 $ 1,648
Additions
Provision for loan losses ................................................. 1,259 102 79 3 1,443
Deductions
Charge-offs ................................................................... (1,636) (105) (62) (3) (1,806)
Recoveries ..................................................................... 445 11 5 — 461
Net charge-offs .......................................................... (1,191) (94) (57) (3) (1,345)
Balance at end of period .................................................... $1,474 $ 120 $ 135 $ 17 $ 1,746
For the Year Ended December 31, 2013
Credit Card Personal
Loans Student
Loans(1) Other Total
Balance at beginning of period ........................................... $1,613 $ 99 $ 75 $ 1 $ 1,788
Additions
Provision for loan losses ................................................. 893 92 84 17 1,086
Deductions
Charge-offs ................................................................... (1,604) (86) (48) (1) (1,739)
Recoveries ..................................................................... 504 7 2 — 513
Net charge-offs .......................................................... (1,100) (79) (46) (1) (1,226)
Balance at end of period .................................................... $1,406 $ 112 $ 113 $ 17 $ 1,648
(1) Includes both PCI and non-PCI private student loans.