Huntington National Bank 2013 Annual Report Download - page 59
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53
The following table reflects activity in the ALLL and AULC for each of the last five years:
Table 17 - Summary of Allowance for Credit Losses and Related Statistics
Year Ended December 31,
(dollar amounts in thousands) 2013 2012 2011 2010 2009
Allowance for loan and lease losses, beginning of year $ 769,075 $ 964,828 $ 1,249,008 $ 1,482,479 $ 900,227
Loan and lease charge-offs
Commercial:
Commercial and industrial (45,904) (101,475) (134,385) (316,771) (525,262)
Commercial real estate:
Construction (9,585) (12,131) (42,012) (116,428) (196,148)
Commercial (59,927) (105,920) (140,747) (187,567) (500,534)
Commercial real estate (69,512) (118,051) (182,759) (303,995) (696,682)
Total commercial (115,416) (219,526) (317,144) (620,766) (1,221,944)
Consumer:
Automobile (23,912) (26,070) (33,593) (46,308) (76,141)
Home equity (98,184) (124,286) (109,427) (140,831) (110,400)
Residential mortgage (34,236) (52,228) (65,069) (163,427) (111,899)
Other consumer (34,568) (33,090) (32,520) (32,575) (40,993)
Total consumer (190,900) (235,674) (240,609) (383,141) (339,433)
Total charge-offs (306,316) (455,200) (557,753) (1,003,907) (1,561,377)
Recoveries of loan and lease charge-offs
Commercial:
Commercial and industrial 29,514 37,227 44,686 61,839 37,656
Commercial real estate:
Construction 3,227 4,090 10,488 7,420 3,442
Commercial 41,431 35,532 24,170 21,013 10,509
Total commercial real estate 44,658 39,622 34,658 28,433 13,951
Total commercial 74,172 76,849 79,344 90,272 51,607
Consumer:
Automobile 13,375 16,628 18,526 19,736 19,809
Home equity 15,921 7,907 7,630 1,458 4,224
Residential mortgage 7,074 4,305 8,388 10,532 1,697
Other consumer 7,108 7,049 6,776 7,435 7,453
Total consumer 43,478 35,889 41,320 39,161 33,183
Total recoveries 117,650 112,738 120,664 129,433 84,790
N
et loan and lease charge-offs (188,666) (342,462) (437,089) (874,474) (1,476,587)
Provision for loan and lease losses 67,797 155,193 167,730 641,299 2,069,931
Allowance for assets sold and securitized or transferred to
loans held for sale (336) (8,484) (14,821) (296) (11,092)
Allowance for loan and lease losses, end of year 647,870 769,075 964,828 1,249,008 1,482,479
Allowance for unfunded loan commitments, beginning of
year 40,651 48,456 42,127 48,879 44,139
(Reduction in) Provision for unfunded loan commitments
and letters of credit losses 22,248 (7,805) 6,329 (6,752) 4,740
Allowance for unfunded loan commitments, end of year 62,899 40,651 48,456 42,127 48,879
Allowance for credit losses, end of year $ 710,769 $ 809,726 $ 1,013,284 $ 1,291,135 $ 1,531,358