KeyBank 2015 Annual Report Download - page 107

Net loan charge-offs
Net loan charge-offs for 2015 totaled $142 million, or .24% of average loans, compared to net loan charge-offs of
$113 million, or .20%, for the same period last year. Figure 39 shows the trend in our net loan charge-offs by
loan type, while the composition of loan charge-offs and recoveries by type of loan is presented in Figure 40.
Over the past 12 months, net loan charge-offs increased $29 million. This increase is attributable to the growth in
our loan portfolio and lower levels of recoveries over the same period. As shown in Figure 42, our exit loan
portfolio contributed a total of $10 million in net loan charge-offs for 2015, compared to $13 million in net loan
charge-offs for 2014. The decrease in net loan charge-offs in our exit loan portfolio was primarily driven by
lower levels of net loan charge-offs in our consumer and commercial exit loan portfolios.
Figure 39. Net Loan Charge-offs from Continuing Operations (a)
Year ended December 31,
dollars in millions 2015 2014 2013 2012 2011
Commercial, financial and agricultural $61$ 12 $ 23 $ 17 $ 119
Real estate — commercial mortgage (2) 2 (7) 79 103
Real estate — construction —(12) (11) 19 56
Commercial lease financing 4—12517
Total commercial loans 63 2 17 120 295
Home equity — Key Community Bank 19 28 52 88 89
Home equity — Other 24143041
Credit cards 28 33 27 11 —
Marine 914 14 37 48
Other 21 32 44 59 68
Total consumer loans 79 111 151 225 246
Total net loan charge-offs $ 142 $ 113 $ 168 $ 345 $ 541
Net loan charge-offs to average loans .24 % .20 % .32 % .69 % 1.11 %
Net loan charge-offs from discontinued operations — education lending business $22$ 31 $ 37 $ 58 $ 123
(a) Credit amounts indicate that recoveries exceeded charge-offs.
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