Loans and Leases

3 Months Ended

Mar. 31, 2013

Loans and Leases

Loans and Leases

NOTE 3. Loans and Leases

The following table provides a breakdown of BB&T’s loans and leases, net of unearned income:
			March 31,		December 31,
			2013		2012
			(Dollars in millions)
	Commercial:
		Commercial and industrial	$	38,429	$	38,295
		CRE - other		11,425		11,461
		CRE - residential ADC		1,175		1,261
	Direct retail lending			15,767		15,817
	Sales finance			8,114		7,736
	Revolving credit			2,284		2,330
	Residential mortgage			23,954		24,272
	Other lending subsidiaries			10,043		10,137
		Total loans and leases held for investment (excluding covered loans)		111,191		111,309
	Covered			3,005		3,294
		Total loans and leases held for investment		114,196		114,603
	LHFS			3,432		3,761
		Total loans and leases	$	117,628	$	118,364

Changes in the carrying amount and accretable yield for purchased impaired and nonimpaired covered loans accounted for under the accretion method were as follows:
		Three Months Ended March 31, 2013								Year Ended December 31, 2012
		Purchased Impaired				Purchased Nonimpaired				Purchased Impaired				Purchased Nonimpaired
				Carrying				Carrying				Carrying				Carrying
		Accretable		Amount		Accretable		Amount		Accretable		Amount		Accretable		Amount
		Yield		of Loans		Yield		of Loans		Yield		of Loans		Yield		of Loans
		(Dollars in millions)
Balance at beginning of period		$	264	$	1,400	$	617	$	1,894	$	520	$	2,123	$	1,193	$	2,744
	Accretion		(40)		40		(95)		95		(219)		219		(541)		541
	Payments received, net		―		(144)		―		(280)		―		(942)		―		(1,391)
	Other, net		26		―		7		―		(37)		―		(35)		―
Balance at end of period		$	250	$	1,296	$	529	$	1,709	$	264	$	1,400	$	617	$	1,894
Outstanding UPB at end of period				$	1,871			$	2,222			$	2,047			$	2,489

At March 31, 2013 and December 31, 2012, none of the purchased loans were classified as NPAs. Therefore, interest income, through accretion of the difference between the carrying amount of the loans and the expected cash flows, is being recognized on all purchased loans.

The following table provides a summary of TDRs, all of which are considered impaired, that continue to accrue interest and TDRs that have been placed in nonaccrual status:
				March 31,		December 31,
				2013		2012
				(Dollars in millions)
	Performing TDRs:
		Commercial:
			Commercial and industrial	$	54	$	77
			CRE - other		67		67
			CRE - residential ADC		24		21
		Direct retail lending			193		197
		Sales finance			19		19
		Revolving credit			55		56
		Residential mortgage			715		769
		Other lending subsidiaries			162		121
			Total performing TDRs		1,289		1,327
	Nonperforming TDRs (also included in NPL disclosures)				222		240
			Total TDRs	$	1,511	$	1,567
	ALLL attributable to TDRs, excluding government guaranteed			$	287	$	281
	Amounts excluded from above table:
		Government guaranteed residential mortgage TDRs held for investment		$	336	$	313
		Government guaranteed residential mortgage TDRs held for sale			2		2

The following table provides a summary of BB&T’s NPAs and loans 90 days or more past due and still accruing:
				March 31,		December 31,
				2013		2012
				(Dollars in millions)
	NPLs held for investment			$	1,283	$	1,380
	Foreclosed real estate				88		107
	Other foreclosed property				42		49
			Total NPAs (excluding covered assets)	$	1,413	$	1,536
	Loans 90 days or more past due and still accruing (excluding covered loans)			$	138	$	167
	Amounts excluded from above table:
		Covered foreclosed real estate		$	232	$	254
		GNMA guaranteed residential mortgage loans			514		517
		Covered loans 90 days or more past due			371		442
		Government guaranteed residential mortgage loans 90 days or more past due			249		252