Huntington National Bank 2011 Annual Report Download - page 153

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The following table presents ACL activity by portfolio segment for the years ended December 31, 2011 and
2010:
Commercial
and
Industrial
Commercial
Real Estate Automobile
Home
Equity
Residential
Mortgage
Other
Consumer Total
(dollar amounts in thousands)
Year ended December 31,
2011:
ALLL balance, beginning of
period ................... $ 340,614 $ 588,251 $ 49,488 $ 150,630 $ 93,289 $ 26,736 $ 1,249,008
Loan charge-offs .......... (134,385) (182,759) (33,593) (109,427) (65,069) (32,520) (557,753)
Recoveries of loans previously
charged-off ............. 44,686 34,658 18,526 7,630 8,388 6,776 120,664
Provision for loan and lease
losses ................. 24,452 (51,444) 17,042 95,040 52,226 30,414 167,730
Allowance for loans sold or
transferred to loans held for
sale ................... — — (13,181) — (1,640) — (14,821)
ALLL balance, end of
period ................... $ 275,367 $ 388,706 $ 38,282 $ 143,873 $ 87,194 $ 31,406 $ 964,828
AULC balance, beginning of
period ................... $ 32,726 $ 6,158 $ — $ 2,348 $ 1 $ 894 $ 42,127
Provision for unfunded loan
commitments and letters of
credit .................. 6,932 (306) — (214) — (83) 6,329
AULC balance, end of period . . $ 39,658 $ 5,852 $ — $ 2,134 $ 1 $ 811 $ 48,456
ACL balance, end of period .... $ 315,025 $ 394,558 $ 38,282 $ 146,007 $ 87,195 $ 32,217 $ 1,013,284
Year Ended December 31,
2010:
ALLL balance, beginning of
period ................... $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)(1) (163,427)(2) (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)
ALLL balance, end of period . . . $ 340,614 $ 588,251 $ 49,488 $ 150,630 $ 93,289 $ 26,736 $ 1,249,008
AULC balance, beginning of
period ................... $ 34,555 $ 12,194 $ — $ 1,179 $ 2 $ 949 $ 48,879
Provision for unfunded loan
commitments and letters-of-
credit .................. (1,829) (6,036) — 1,169 (1) (55) (6,752)
AULC balance, end of period . . 32,726 6,158 — 2,348 1 894 42,127
ACL balance, end of period .... $373,340 $ 594,409 $ 49,488 $ 152,978 $ 93,290 $ 27,630 $ 1,291,135
(1) Reflects $21 million of Franklin-related charge-offs.
(2) Reflects $71 million of Franklin-related charge-offs.
Any loan in any portfolio may be charged-off prior to the policies described below if a loss confirming
event has occurred. Loss confirming events include, but are not limited to, bankruptcy (unsecured), continued
delinquency, foreclosure, or receipt of an asset valuation indicating a collateral deficiency and that asset is the
sole source of repayment.
139