|
Allowance for Loan and Lease Losses and Allowance for Credit Losses - Roll-forward
The following table presents ALLL and AULC activity by portfolio segment for the three-month periods ended March 31, 2020 and 2019.
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|
|
|
|
|
|
|
|
|
|
|
|
|
(dollar amounts in millions) |
|
Commercial |
|
Consumer |
|
Total |
Three-month period ended March 31, 2020: |
|
|
|
|
|
|
ALLL balance, beginning of period |
|
$ |
552 |
|
|
$ |
231 |
|
|
$ |
783 |
|
Cumulative-effect of change in accounting principle for financial instruments - credit losses (1) |
|
180 |
|
|
211 |
|
|
391 |
|
Loan charge-offs |
|
(88 |
) |
|
(48 |
) |
|
(136 |
) |
Recoveries of loans previously charged-off |
|
5 |
|
|
14 |
|
|
19 |
|
Provision for loan and lease losses |
|
347 |
|
|
100 |
|
|
447 |
|
ALLL balance, end of period |
|
$ |
996 |
|
|
$ |
508 |
|
|
$ |
1,504 |
|
AULC balance, beginning of period |
|
$ |
102 |
|
|
$ |
2 |
|
|
$ |
104 |
|
Cumulative-effect of change in accounting principle for financial instruments - credit losses (1) |
|
(38 |
) |
|
40 |
|
|
2 |
|
Provision (reduction in allowance) for unfunded loan commitments and letters of credit |
|
(5 |
) |
|
(1 |
) |
|
(6 |
) |
Unfunded commitment losses |
|
(1 |
) |
|
— |
|
|
(1 |
) |
AULC balance, end of period |
|
$ |
58 |
|
|
$ |
41 |
|
|
$ |
99 |
|
ACL balance, end of period |
|
$ |
1,054 |
|
|
$ |
549 |
|
|
$ |
1,603 |
|
|
|
(1) |
Relates to day one impact of the CECL adjustment as a result of the implementation of ASU 2016-13. |
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|
|
|
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|
|
|
|
|
|
|
|
|
(dollar amounts in millions) |
|
Commercial |
|
Consumer |
|
Total |
Three-month period ended March 31, 2019: |
ALLL balance, beginning of period |
|
$ |
542 |
|
|
$ |
230 |
|
|
$ |
772 |
|
Loan charge-offs |
|
(45 |
) |
|
(52 |
) |
|
(97 |
) |
Recoveries of loans previously charged-off |
|
12 |
|
|
14 |
|
|
26 |
|
Provision for loan and lease losses |
|
36 |
|
|
27 |
|
|
63 |
|
ALLL balance, end of period |
|
$ |
545 |
|
|
$ |
219 |
|
|
$ |
764 |
|
AULC balance, beginning of period |
|
$ |
94 |
|
|
$ |
2 |
|
|
$ |
96 |
|
Provision (reduction in allowance) for unfunded loan commitments and letters of credit |
|
4 |
|
|
— |
|
|
4 |
|
AULC balance, end of period |
|
$ |
98 |
|
|
$ |
2 |
|
|
$ |
100 |
|
ACL balance, end of period |
|
$ |
643 |
|
|
$ |
221 |
|
|
$ |
864 |
|
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