KeyBank 2013 Annual Report Download - page 157

A summary of the ALLL at the end of the past three years is presented in the table below:
in millions 2013 2012 2011
Balance at beginning of period — continuing operations $ 888 $ 1,004 $ 1,604
Charge-offs (308) (508) (715)
Recoveries 140 163 174
Net loans and leases charged off (168) (345) (541)
Provision for loan and lease losses from continuing operations 130 229 (60)
Foreign currency translation adjustment (2) —1
Balance at end of period — continuing operations $ 848 $ 888 $ 1,004
The changes in the ALLL by loan category for the periods indicated are as follows:
December 31, December 31,
in millions 2012 Provision Charge-offs Recoveries 2013
Commercial, financial and agricultural $ 327 $ 58 $ (62) $ 39 $ 362
Real estate — commercial mortgage 198 (40) (20) 27 165
Real estate — construction 41 (20) (3) 14 32
Commercial lease financing 55 19 (27) 15 62
Total commercial loans 621 17 (112) 95 621
Real estate — residential mortgage 30 25 (20) 2 37
Home equity:
Key Community Bank 105 31 (62) 10 84
Other 25 — (20) 6 11
Total home equity loans 130 31 (82) 16 95
Consumer other — Key Community Bank 38 15 (31) 7 29
Credit cards 26 35 (30) 3 34
Consumer other:
Marine 39 4 (29) 15 29
Other 4 1 (4) 2 3
Total consumer other: 43 5 (33) 17 32
Total consumer loans 267 111 (196) 45 227
Total ALLL — continuing operations 888 128(a) (308) 140 848
Discontinued operations 55 21 (55) 18 39
Total ALLL — including discontinued
operations $ 943 $ 149 $ (363) $ 158 $ 887
(a) Includes $2 million of foreign currency translation adjustment.
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