Note 4. Loans and Leases
| X |
- Definition
Includes disclosure of claims held for amounts due a company. Examples include trade accounts receivables, notes receivables, loans receivables.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph (k)
-Article 4
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 3, 4
-Article 5
Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Statement of Position (SOP)
-Number 01-6
-Paragraph 13
-Subparagraph d
Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 7
-Article 9
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| Data Type: |
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| Balance Type: |
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NOTE
4. Loans and Leases
The
following table provides a breakdown of BB&T’s loan
portfolio as of June 30, 2009 and December 31, 2008:
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June 30,
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December 31,
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2009
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2008
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(Dollars in millions)
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Loans and leases, net of unearned
income:
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Commercial loans and leases
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$
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50,364
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$
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50,480
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Sales finance
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6,536
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6,354
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Revolving credit
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1,843
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1,777
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Direct retail
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14,577
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15,454
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Residential mortgage loans
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15,639
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17,091
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Specialized lending
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7,393
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6,089
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Total loans and leases held for
investment
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96,352
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97,245
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Loans held for sale
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3,982
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1,424
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Total loans and leases
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$
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100,334
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$
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98,669
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An analysis
of the allowance for credit losses for the six months ended
June 30, 2009 and 2008 is presented in the following
table:
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For the Six Months Ended
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June 30,
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2009
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2008
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(Dollars in millions)
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Beginning Balance
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$
|
1,607
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$
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1,015
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Provision for credit losses
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1,377
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553
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Loans and leases charged-off
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(877
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)
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(326
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)
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Recoveries of previous charge-offs
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38
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31
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Net loans and leases
charged-off
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(839
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)
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(295
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)
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Ending Balance
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$
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2,145
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$
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1,273
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|
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Allowance for loan and lease
losses
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$
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2,110
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$
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1,257
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Reserve for unfunded lending
commitments
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35
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|
|
16
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Allowance for credit losses
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$
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2,145
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$
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1,273
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The
following table provides a summary of BB&T’s
nonperforming and past due loans as of June 30, 2009 and
December 31, 2008:
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June 30,
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December 31,
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2009
|
2008
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(Dollars in millions)
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Nonaccrual loans and leases
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$
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2,091
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$
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1,413
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Foreclosed real estate
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1,201
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|
538
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Other foreclosed property
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48
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79
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Total foreclosed property
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1,249
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617
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Total nonperforming assets
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$
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3,340
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$
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2,030
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Loans 90 days or more past due and still
accruing (1)
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$
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329
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$
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431
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(1) Excludes mortgage loans guaranteed by GNMA
that BB&T does not have the obligation to
repurchase.
At June 30,
2009, BB&T had $123 million in loans under the terms of
troubled debt restructurings. This amount consists of $54
million in residential mortgage loans, $47 million in
revolving credit loans, $17 million in commercial loans and
$5 million in direct retail loans. Loan restructurings
generally occur when a borrower is experiencing, or is
expected to experience, financial difficulties in the
near-term. Consequently, a modification that would
otherwise not be considered is granted to the borrower.
These loans may continue to accrue interest as long as the
borrower complies with the revised terms and conditions and
has demonstrated repayment performance with the modified
terms.
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