Huntington National Bank 2011 Annual Report Download - page 152
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The ACL is increased through a provision for credit losses that is charged to earnings, based on
Management’s quarterly evaluation of the factors previously mentioned, and is reduced by charge-offs, net of
recoveries, and the ACL associated with securitized or sold loans. A summary of the transactions in the ACL and
details regarding impaired loans and leases follows for the three years ended December 31, 2011, 2010, and
2009:
Year Ended December 31,
2011 2010 2009
(dollar amounts in thousands)
ALLL, beginning of year .................................... $1,249,008 $ 1,482,479 $ 900,227
Loan charge-offs ........................................... (557,753) (1,003,907) (1,561,378)
Recoveries of loans previously charged-off ...................... 120,664 129,433 84,791
Provision for loan and lease losses ............................. 167,730 641,299 2,069,931
Allowance for loans sold or transferred to loans held for sale ........ (14,821) (296) (11,092)
ALLL, end of year ......................................... $ 964,828 $ 1,249,008 $ 1,482,479
AULC, beginning of year .................................... $ 42,127 $ 48,879 $ 44,139
(Reduction in) provision for unfunded loan commitments and letters
of credit losses .......................................... 6,329 (6,752) 4,740
AULC, end of year ......................................... $ 48,456 $ 42,127 $ 48,879
Total ACL ................................................ $1,013,284 $ 1,291,135 $ 1,531,358
Recorded balance of impaired loans, at end of year:
With specific reserves assigned to the loan and lease balances ....... $ 890,269 $ 825,292 $ 873,215
With no specific reserves assigned to the loan and lease balances .... 82,012 94,290 221,384
Total .................................................... $ 972,281 $ 919,582 $ 1,094,599
Average balance of impaired loans for the year ................... $ 942,235 $ 1,064,235 $ 1,010,044
ALLL on impaired loans .................................... 105,552 143,860 175,442
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