SunTrust 2011 Annual Report Download - page 139
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Notes to Consolidated Financial Statements (Continued)
123
Impaired Loans
A loan is considered impaired when it is probable that the Company will be unable to collect all amounts due, including principal
and interest, according to the contractual terms of the agreement. Commercial nonaccrual loans greater than $4 million and certain
consumer, residential, and commercial loans whose terms have been modified in a TDR are individually evaluated for impairment.
Smaller-balance homogeneous loans that are collectively evaluated for impairment are not included in the following tables.
Additionally, the tables below exclude guaranteed student loans and guaranteed residential mortgages for which there was nominal
risk of principal loss.
(Dollars in millions)
Impaired loans with no related allowance recorded:
Commercial loans:
Commercial & industrial
Commercial real estate
Commercial construction
Total commercial loans
Impaired loans with an allowance recorded:
Commercial loans:
Commercial & industrial
Commercial real estate
Commercial construction
Total commercial loans
Residential loans:
Residential mortgages - nonguaranteed
Home equity products
Residential construction
Total residential loans
Consumer loans:
Other direct
Credit cards
Total consumer loans
Total impaired loans
As of December 31, 2011
Unpaid
Principal
Balance
$93
58
45
196
76
111
132
319
2,797
553
246
3,596
12
27
39
$4,150
Amortized
Cost1
$73
50
40
163
67
82
100
249
2,405
515
221
3,141
12
27
39
$3,592
Related
Allowance
$—
—
—
—
9
15
10
34
293
86
26
405
1
8
9
$448
Year Ended
December 31, 2011
Average
Amortized
Cost
$109
56
47
212
68
103
121
292
2,451
528
229
3,208
13
26
39
$3,751
Interest
Income
Recognized2
$3
1
1
5
1
2
2
5
88
23
8
119
1
2
3
$132
1Amortized cost reflects charge-offs that have been recognized plus other amounts that have been applied to reduce the net book balance.
2Of the interest income recognized for the year ended December 31, 2011, cash basis interest income was $25 million.