Discover 2015 Annual Report Download - page 83
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-67-
The following tables provide changes in our allowance for loan losses for the periods presented (dollars in
millions):
For the One Month Ended December 31, 2012
Credit Card Personal
Loans Student
Loans(1) Other Total
Balance at beginning of period ........................................... $ 1,554 $ 97 $ 73 $ 1 $ 1,725
Additions
Provision for loan losses ................................................. 165 9 4 — 178
Deductions
Charge-offs ................................................................... (146) (8) (2) — (156)
Recoveries ..................................................................... 40 1 — — 41
Net charge-offs .......................................................... (106) (7) (2) — (115)
Balance at end of period .................................................... $ 1,613 $ 99 $ 75 $ 1 $ 1,788
For the Fiscal Year Ended November 30, 2012
Credit Card Personal
Loans Student
Loans(1) Other Total
Balance at beginning of period ........................................... $2,070 $ 82 $ 53 $ — $ 2,205
Additions
Provision for loan losses ................................................. 724 84 39 1 848
Deductions
Charge-offs ................................................................... (1,817) (73) (19) — (1,909)
Recoveries ..................................................................... 577 4 — — 581
Net charge-offs .......................................................... (1,240) (69) (19) — (1,328)
Balance at end of period .................................................... $1,554 $ 97 $ 73 $ 1 $ 1,725
For the Fiscal Year Ended November 30, 2011
Credit Card Personal
Loans Student
Loans(1) Other Total
Balance at beginning of period ........................................... $3,209 $ 76 $ 18 $ 1 $ 3,304
Additions
Provision for loan losses ................................................. 897 73 42 1 1,013
Deductions
Charge-offs ................................................................... (2,615) (69) (7) (2) (2,693)
Recoveries ..................................................................... 579 2 — — 581
Net charge-offs .......................................................... (2,036) (67) (7) (2) (2,112)
Balance at end of period .................................................... $2,070 $ 82 $ 53 $ — $ 2,205
(1) Includes both PCI and non-PCI private student loans.