KeyBank 2015 Annual Report Download - page 165

At December 31, 2015, the ALLL was $796 million, or 1.33% of loans, compared to $794 million, or 1.38% of
loans, at December 31, 2014. At December 31, 2015, the ALLL was 205.7% of nonperforming loans, compared
to 190.0% at December 31, 2014.
A summary of the changes in the ALLL for the periods indicated is presented in the table below:
December 31,
in millions 2015 2014 2013
Balance at beginning of period — continuing operations $ 794 $ 848 $ 888
Charge-offs (203) (211) (308)
Recoveries 61 98 140
Net loans and leases charged off (142) (113) (168)
Provision for loan and lease losses from continuing operations 145 59 130
Foreign currency translation adjustment (1) — (2)
Balance at end of period — continuing operations $ 796 $ 794 $ 848
The changes in the ALLL by loan category for the periods indicated are as follows:
December 31, December 31,
in millions 2014 Provision Charge-offs Recoveries 2015
Commercial, financial and agricultural $ 391 $ 120 $ (77) $ 16 $ 450
Real estate — commercial mortgage 148 (16) (4) 6 134
Real estate — construction 28 (3) (1) 1 25
Commercial lease financing 56 (5) (11) 7 47
Total commercial loans 623 96 (93) 30 656
Real estate — residential mortgage 23 (2) (6) 3 18
Home equity:
Key Community Bank 66 8 (26) 7 55
Other 5 (1) (6) 4 2
Total home equity loans 71 7 (32) 11 57
Consumer other — Key Community Bank 22 16 (24) 6 20
Credit cards 33 27 (30) 2 32
Consumer other:
Marine 21 — (17) 8 12
Other 1 — (1) 1 1
Total consumer other: 22 — (18) 9 13
Total consumer loans 171 48 (110) 31 140
Total ALLL — continuing operations 794 144(a) (203) 61 796
Discontinued operations 29 21 (35) 13 28
Total ALLL — including discontinued operations $ 823 $ 165 $ (238) $ 74 $ 824
(a) Includes a $1 million foreign currency translation adjustment. Excludes a provision for losses on lending-related commitments of $21
million.
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