Exhibit 99.1
Real Estate Lending Portfolio Credit Quality and Geographic Distribution
Home Equity Portfolio (1)
As of /For the Period Ended March 31, 2009 | ||||||||
Home Equity Loans & Lines | Home Equity Loans | Home Equity Lines | ||||||
(Dollars in millions, except average loan size) | ||||||||
Total loans outstanding | $ | 8,391 | $ | 5,574 | ||||
Average loan size (in thousands) (2) | 48 | 36 | ||||||
Average credit score | 722 | 759 | ||||||
Percentage of total loans | 8.4 | % | 5.6 | % | ||||
Percentage that are first mortgages | 77.8 | 25.3 | ||||||
Average loan to value | 67.5 | 66.1 | ||||||
Nonaccrual loans and leases as a percentage of category | 1.19 | .29 | ||||||
Gross charge-offs as a percentage of category | 1.90 | 1.29 |
March 31, 2009 | ||||||||||||
Home Equity Loans and Lines by State | Total Home Equity Loans and Lines Outstanding | Percentage of Total | Nonaccrual as a Percentage of Outstandings | Gross Charge- Offs as a Percentage of Outstandings | ||||||||
(Dollars in millions) | ||||||||||||
North Carolina | $ | 4,843 | 34.7 | % | .88 | % | 1.22 | % | ||||
Virginia | 3,132 | 22.4 | .33 | 1.28 | ||||||||
South Carolina | 1,367 | 9.8 | 1.35 | 1.62 | ||||||||
Georgia | 1,135 | 8.1 | 1.01 | 2.91 | ||||||||
Maryland | 843 | 6.0 | .32 | 1.29 | ||||||||
West Virginia | 830 | 6.0 | .42 | .86 | ||||||||
Florida | 710 | 5.1 | 1.92 | 5.46 | ||||||||
Kentucky | 586 | 4.2 | .74 | .35 | ||||||||
Tennessee | 410 | 2.9 | 1.71 | 3.91 | ||||||||
Washington, D.C. | 89 | .6 | 1.42 | 3.15 | ||||||||
Other | 20 | .2 | .17 | — | ||||||||
Total | $ | 13,965 | 100.0 | % | .83 | % | 1.66 | % | ||||
NOTES: | (1) | Home equity portfolio consists of consumer real estate secured loans and is a component of direct retail loans that are originated through the BB&T branching network. | ||
(2) | Home equity lines without an outstanding balance are excluded from this calculation. |