| |
|
|
|
|
|
|
|
|||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| |
2013 | 2012 | 2011 | |||||||||||||||||||||||||
| Years Ended December 31, (in millions) |
Commercial |
Other |
Total |
Commercial Mortgages |
Other Loans |
Total |
Commercial Mortgages |
Other Loans |
Total |
|||||||||||||||||||
|
Allowance, beginning of year |
$ |
159 |
|
$ |
246 |
|
$ |
405 |
|
$ | 305 | $ | 435 | $ | 740 | $ | 470 | $ | 408 | $ | 878 | |||||||
|
Loans charged off |
|
(12 |
) |
|
(104 |
) |
|
(116 |
) |
(23 | ) | (21 | ) | (44 | ) | (78 | ) | (47 | ) | (125 | ) | |||||||
|
Recoveries of loans previously charged off |
|
3 |
|
|
6 |
|
|
9 |
|
13 | 4 | 17 | 37 | 1 | 38 | |||||||||||||
|
Net charge-offs |
|
(9 |
) |
|
(98 |
) |
|
(107 |
) |
(10 | ) | (17 | ) | (27 | ) | (41 | ) | (46 | ) | (87 | ) | |||||||
|
Provision for loan losses |
|
52 |
|
|
(32 |
) |
|
20 |
|
(136 | ) | 33 | (103 | ) | (69 | ) | 51 | (18 | ) | |||||||||
|
Other |
|
(1 |
) |
|
(5 |
) |
|
(6 |
) |
– | – | – | (55 | ) | – | (55 | ) | |||||||||||
|
Activity of discontinued operations |
|
– |
|
|
– |
|
|
– |
|
– | (205 | ) | (205 | ) | – | 22 | 22 | |||||||||||
|
Allowance, end of year |
$ |
201* |
|
$ |
111 |
|
$ |
312 |
|
$ | 159* | $ | 246 | $ | 405 | $ | 305* | $ | 435 | $ | 740 | |||||||
* Of the total allowance at the end of the year, $93 million and $47 million relates to individually assessed credit losses on $264 million and $286 million of commercial mortgage loans as of December 31, 2013 and 2012, respectively.