Huntington National Bank 2014 Annual Report Download - page 60
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54
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) 2014 2013 2012 2011 2010
Allowance for loan and lease losses, beginning of year $647,870 $ 769,075 $ 964,828 $ 1,249,008 $ 1,482,479
Loan and lease charge-offs
Commercial:
Commercial and industrial (76,654) (45,904) (101,475) (134,385) (316,771)
Commercial real estate:
Construction (5,626) (9,585) (12,131) (42,012) (116,428)
Commercial (19,078) (59,927) (105,920) (140,747) (187,567)
Commercial real estate (24,704) (69,512) (118,051) (182,759) (303,995)
Total commercial (101,358) (115,416) (219,526) (317,144) (620,766)
Consumer:
Automobile (31,330) (23,912) (26,070) (33,593) (46,308)
Home equity (54,473) (98,184) (124,286) (109,427) (140,831)
Residential mortgage (25,946) (34,236) (52,228) (65,069) (163,427)
Other consumer (33,494) (34,568) (33,090) (32,520) (32,575)
Total consumer (145,243) (190,900) (235,674) (240,609) (383,141)
Total charge-offs (246,601) (306,316) (455,200) (557,753) (1,003,907)
Recoveries of loan and lease charge-offs
Commercial:
Commercial and industrial 44,531 29,514 37,227 44,686 61,839
Commercial real estate:
Construction 4,455 3,227 4,090 10,488 7,420
Commercial 29,616 41,431 35,532 24,170 21,013
Total commercial real estate 34,071 44,658 39,622 34,658 28,433
Total commercial 78,602 74,172 76,849 79,344 90,272
Consumer:
Automobile 13,762 13,375 16,628 18,526 19,736
Home equity 17,526 15,921 7,907 7,630 1,458
Residential mortgage 6,194 7,074 4,305 8,388 10,532
Other consumer 5,890 7,108 7,049 6,776 7,435
Total consumer 43,372 43,478 35,889 41,320 39,161
Total recoveries 121,974 117,650 112,738 120,664 129,433
N
et loan and lease charge-offs (124,627) (188,666) (342,462) (437,089) (874,474)
Provision for loan and lease losses 83,082 67,797 155,193 167,730 641,299
Allowance for assets sold and securitized or transferred to loans
held for sale (1,129) (336) (8,484) (14,821) (296)
Allowance for loan and lease losses, end of year 605,196 647,870 769,075 964,828 1,249,008
Allowance for unfunded loan commitments, beginning of year 62,899 40,651 48,456 42,127 48,879
(Reduction in) Provision for unfunded loan commitments and
letters of credit losses (2,093) 22,248 (7,805) 6,329 (6,752)
Allowance for unfunded loan commitments, end of year 60,806 62,899 40,651 48,456 42,127
Allowance for credit losses, end of year $666,002 $ 710,769 $ 809,726 $ 1,013,284 $ 1,291,135