Huntington National Bank 2010 Annual Report Download - page 165

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The following table presents ALLL activity by portfolio segment for the year ended December 31, 2010:
Commercial
and
Industrial
Commercial
Real Estate
Automobile
Loans and
Leases
Home
Equity(1)
Residential
Mortgage(2)
Other
Consumer Total
(Dollar amounts in thousands)
Allowance for Loan and Lease Losses:
Balance at January 1, 2010: ......... $492,205 $ 751,875 $ 57,951 $ 102,039 $ 55,903 $ 22,506 $ 1,482,479
Loan charge-offs . .............. (316,771) (303,995) (46,308) (140,831) (163,427) (32,575) (1,003,907)
Recoveries of loans previously
charged-off . . . .............. 61,839 28,433 19,736 1,458 10,532 7,435 129,433
Provision for loan and lease losses . . . 103,341 111,938 18,109 187,964 190,577 29,370 641,299
Allowance for loans sold or transferred
to loans held for sale . . ......... — — — — (296) — (296)
Balance at December 31, 2010: ...... $ 340,614 $ 588,251 $ 49,488 $ 150,630 $ 93,289 $ 26,736 $ 1,249,008
Portion of ending balance:
Individually evaluated for
impairment . . . .............. $ 63,307 $ 65,130 $ 1,477 $ 1,498 $ 11,780 $ 668 $ 143,860
Collectively evaluated for
impairment . . . .............. 277,307 523,121 48,011 149,132 81,509 26,068 1,105,148
Total ALLL evaluated for
impairment .................. $ 340,614 $ 588,251 $ 49,488 $ 150,630 $ 93,289 $ 26,736 $ 1,249,008
ALLL associated with portfolio loans
acquired with deteriorated credit
quality . . . ................... $ — $ — $ — $ — $ — $ — $ —
Loans and Leases at December 31,
2010:
(Dollar amounts in millions)
Ending balance .................. $ 13,063 $ 6,651 $ 5,615 $ 7,713 $ 4,500 $ 564 $ 38,106
Portion of ending balance:
Individually evaluated for
impairment . . . .............. 198 311 30 37 334 10 920
Collectively evaluated for
impairment . . . .............. 12,865 6,340 5,585 7,676 4,166 554 37,186
Total loans evaluated for impairment.... $ 13,063 $ 6,651 $ 5,615 $ 7,713 $ 4,500 $ 564 $ 38,106
Portfolio loans acquired with deteriorated
credit quality . . . .............. $ — $ — $ — $ — $ — $ — $ —
Portfolio loans purchased (during 2010). . — — — — — — —
Portfolio loans with ALLL sold or
transferred to loans held for sale
(during 2010) . . . .............. — — — — 311 — 311
Portfolio loans without ALLL sold or
transferred to loans held for sale
(during 2010)(3) . .............. 124 137 — 48 505 — 814
(1) Reflects $21 million of Franklin-related net charge-offs.
(2) Reflects $71 million of Franklin-related net charge-offs.
(3) Reflects $323 million of Franklin-related loans.
The credit quality indicator presented for all classes within the C&I and CRE portfolios is the UCS
classification. This classification is a widely-used and standard system representing the degree of risk of
nonpayment. The categories presented in the following table are:
Pass = Commercial loans categorized as Pass are higher quality loans that do not fit any of the other
categories described below.
151