|
Allowance for Loan Losses Table
18
 |
| (Dollars in thousands) |
|
2000 |
1999 |
1998 |
1997 |
1996 |
|
| Balance
at January 1 |
|
$ 354,679 |
$ 370,065 |
$ 366,051 |
$ 370,277 |
$ 375,457 |
| Loans
charged off: |
|
|
|
|
|
|
Commercial
and industrial |
(40,290) |
(43,213) |
(35,420) |
(25,768) |
(19,355) |
|
Commercial
loans secured by real estate |
(14,617) |
(2,539) |
(1,865) |
(3,859) |
(1,361) |
|
|
|
|
 |
|
Total commercial |
(54,907) |
(45,752) |
(37,285) |
(29,627) |
(20,716) |
|
Commercial
real estate mortgages |
(312) |
(2,627) |
(4,911) |
(2,788) |
(4,088) |
|
Commercial
real estate construction |
(1,031) |
(1,907) |
(995) |
(698) |
(257) |
|
|
|
|
|
|
Total commercial
real estate |
(1,343) |
(4,534) |
(5,906) |
(3,486) |
(4,345) |
|
Residential
first mortgages |
(1,114) |
(4,346) |
(3,877) |
(4,033) |
(5,068) |
|
Other
residential mortgages |
(10,524) |
(5,137) |
(2,906) |
(2,784) |
(1,100) |
|
Dealer
indirect |
(71,659) |
(48,504) |
(27,219) |
(28,817) |
(32,010) |
|
Revolving
credit |
(19,650) |
(19,715) |
(31,038) |
(43,951) |
(36,835) |
|
Other
consumer |
(19,191) |
(20,299) |
(26,007) |
(37,679) |
(31,553) |
|
|
|
|
|
|
Total charge-offs |
(178,388) |
(148,287) |
(134,238) |
(150,377) |
(131,627) |
|
|
|
|
| Recoveries
of loans previously charged off: |
|
|
|
|
|
|
Commercial
and industrial |
6,709 |
10,994 |
11,748 |
10,697 |
17,577 |
|
Commercial
loans secured by real estate |
3,391 |
365 |
554 |
2,320 |
785 |
|
|
|
|
|
|
Total commercial |
10,100 |
11,359 |
12,302 |
13,017 |
18,362 |
|
Commercial
real estate mortgages |
522 |
561 |
4,950 |
1,526 |
4,831 |
|
Commercial
real estate construction |
368 |
767 |
280 |
3,328 |
881 |
|
|
|
|
|
|
Total commercial
real estate |
890 |
1,328 |
5,230 |
4,854 |
5,712 |
|
Residential
first mortgages |
127 |
505 |
1,094 |
1,269 |
1,181 |
|
Other
residential mortgages |
1,683 |
505 |
279 |
560 |
542 |
|
Dealer
indirect |
29,141 |
19,173 |
15,246 |
16,340 |
12,955 |
|
Revolving
credit |
3,750 |
3,762 |
5,845 |
5,724 |
3,427 |
|
Other
consumer |
8,346 |
8,749 |
10,590 |
13,905 |
8,472 |
|
|
|
|
|
|
Total recoveries |
54,037 |
45,381 |
50,586 |
55,669 |
50,651 |
|
|
|
|
| Net charge-offs |
(124,351) |
(102,906) |
(83,652) |
(94,708) |
(80,976) |
|
|
|
|
| Addition
to allowance charged to expense |
227,600 |
165,626 |
99,067 |
83,508 |
71,608 |
| Allowance
sold |
(74,591) |
(2,000) |
(14,900) |
(252) |
-0- |
| Allowance
transferred to other liabilities |
(2,903) |
(5,106) |
(2,665) |
(1,026) |
-0- |
| Allowance
acquired in bank purchase/Other |
-0- |
(71,000) |
6,164 |
8,252 |
4,188 |
|
|
|
|
|
|
|
|
| Balance
at December 31 |
$ 380,434 |
$ 354,679 |
$ 370,065 |
$ 366,051 |
$ 370,277 |
|
|
|
|
|
|
|
|
|
|
|
|
| Loans
net of unearned income, |
|
|
|
|
|
|
outstanding
at end of period |
$ 24,616,435 |
$ 26,266,759 |
$ 24,445,296 |
$ 24,415,004 |
$ 23,124,651 |
| Average
loans net of unearned income, |
|
|
|
|
|
|
outstanding
for the period |
$ 25,879,910 |
$ 25,471,295 |
$ 24,027,839 |
$ 23,753,817 |
$ 22,318,990 |
| Ratios: |
|
|
|
|
|
|
Allowance
at end of period to loans |
|
|
|
|
|
|
|
net of unearned
income |
1.55% |
1.35% |
1.51% |
1.50% |
1.60% |
|
Allowance
at end of period to average |
|
|
|
|
|
|
|
loans net of unearned
income |
1.47 |
1.39 |
1.54 |
1.54 |
1.66 |
|
Allowance
at end of period to |
|
|
|
|
|
|
|
nonperforming loans* |
211.75 |
251.31 |
324.66 |
334.33 |
327.09 |
|
Allowance
at end of period to |
|
|
|
|
|
|
|
nonperforming assets* |
193.82 |
219.55 |
280.07 |
283.18 |
261.00 |
|
Net charge-offs
to average loans net |
|
|
|
|
|
|
|
of unearned income |
0.48 |
0.40 |
0.35 |
0.40 |
0.36 |
|
Net charge-offs
to allowance |
|
|
|
|
|
|
|
at end of period |
32.69 |
29.01 |
22.60 |
25.87 |
21.87 |
|
Recoveries
to prior year charge-offs |
36.44 |
33.81 |
33.64 |
42.29 |
64.21 |
|
| * Exclusive of accruing loans 90 days
past due |
|
