Loans and Leases (Tables)

12 Months Ended

Dec. 31, 2011

Loans and Leases

Breakdown of Loan Portfolio

				December 31,
				2011		2010
				(Dollars in millions)
	Loans and leases, net of unearned income:
		Commercial:
			Commercial and industrial	$	36,415	$	34,050
			Commercial real estate - other		10,689		11,439
			Commercial real estate - residential ADC (1)		2,061		3,397
		Direct retail lending			14,467		13,749
		Sales finance			7,401		7,050
		Revolving credit			2,212		2,127
		Residential mortgage			20,581		17,550
		Other lending subsidiaries			8,737		7,953
		Other acquired			39		58
			Total loans and leases held for investment (excluding covered loans)		102,602		97,373
		Covered			4,867		6,194
			Total loans and leases held for investment		107,469		103,567
		Loans held for sale			3,736		3,697
			Total loans and leases	$	111,205	$	107,264
(1)	Commercial real estate - residential ADC represents residential acquisition, development and construction loans.

Carrying Amount of Purchased Impaired and Nonimpaired Loans

		December 31, 2011						December 31, 2010
		Purchased		Purchased				Purchased		Purchased
		Impaired		Nonimpaired				Impaired		Nonimpaired
		Loans		Loans		Total		Loans		Loans		Total
		(Dollars in millions)
Residential mortgage		$	647	$	617	$	1,264	$	733	$	713	$	1,446
Commercial real estate			1,407		1,597		3,004		2,031		1,982		4,013
Commercial			68		531		599		91		644		735
	Total covered		2,122		2,745		4,867		2,855		3,339		6,194
Other acquired			2		37		39		3		55		58
	Total		2,124		2,782		4,906		2,858		3,394		6,252
Allowance for loan losses			(113)		(36)		(149)		(90)		(54)		(144)
	Net	$	2,011	$	2,746	$	4,757	$	2,768	$	3,340	$	6,108

Carrying Amount and Accretable Yield for Purchased Impaired and Nonimpaired Loans

			December 31, 2011								December 31, 2010
			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			$	835	$	2,858	$	1,611	$	3,394	$	889	$	3,666	$	1,301	$	4,476
	Additions			―		―		―		―		―		―		―		―
	Accretion			(359)		359		(706)		706		(459)		459		(483)		483
	Reclassifications from
		nonaccretable balance, net		45		―		334		―		405		―		793		―
	Payments received, net			―		(1,093)		―		(1,318)		―		(1,267)		―		(1,565)
Balance at end of period			$	521	$	2,124	$	1,239	$	2,782	$	835	$	2,858	$	1,611	$	3,394

Nonperforming and Past Due Loans

				December 31,
				2011		2010
				(Dollars in millions)
	Nonaccrual loans and leases:
		Held for investment (1)		$	1,872	$	2,149
		Held for sale			―		521
			Total nonaccrual loans and leases (1)		1,872		2,670
	Foreclosed real estate (2)				536		1,259
	Other foreclosed property				42		42
			Total foreclosed property (2)		578		1,301
			Total nonperforming assets (excluding covered assets) (1)(2)	$	2,450	$	3,971
	Loans 90 days or more past due and still accruing (excluding covered loans) (3)(4)(5)			$	202	$	295
(1)	Covered and other acquired loans are considered to be performing due to the application of the accretion method. Covered loans that are contractually 90 days or more past due and still accruing are noted below.
(2)	Excludes foreclosed real estate totaling $378 million and $313 million as of December 31, 2011 and December 31, 2010, respectively, that is covered by FDIC loss sharing agreements.
(3)	Excludes mortgage loans guaranteed by GNMA that BB&T does not have the obligation to repurchase totaling $426 million and $425 million as of December 31, 2011 and December 31, 2010, respectively.
(4)	Excludes loans 90 days or more past due that are covered by FDIC loss sharing agreements totaling $736 million and $1.1 billion as of December 31, 2011 and December 31, 2010, respectively.
(5)	Excludes mortgage loans 90 days or more past due that are government guaranteed totaling $206 million and $153 million as of December 31, 2011 and December 31, 2010, respectively.

Schedule of Performing Restructurings

				December 31,
				2011		2010
				(Dollars in millions)
	Performing restructurings:
		Commercial:
			Commercial and industrial	$	74	$	205
			Commercial real estate - other		117		280
			Commercial real estate - residential ADC		44		172
		Direct retail lending			146		141
		Sales finance			8		5
		Revolving credit			62		62
		Residential mortgage (1)(2)			608		585
		Other lending subsidiaries			50		26
			Total performing restructurings (1)(2)		1,109		1,476
	Nonperforming restructurings (3)(4)				280		479
			Total restructurings (1)(2)(3)(4)(5)	$	1,389	$	1,955
(1)	Excludes restructured mortgage loans held for investment that are government guaranteed totaling $232 million and $115 million at December 31, 2011 and December 31, 2010, respectively.
(2)	Excludes restructured mortgage loans held for sale that are government guaranteed totaling $4 million and $14 million at December 31, 2011 and December 31, 2010, respectively.
(3)	Nonperforming restructurings are included in nonaccrual loan disclosures.
(4)	Includes approximately $110 million of nonperforming restructurings included in loans held for sale at December 31, 2010.
(5)	All restructurings are considered impaired. The allowance for loan and lease losses attributable to these restructured loans totaled $266 million and $324 million at December 31, 2011 and December 31, 2010, respectively.