Impact of nonperforming loans on interest income. The following table presents the gross interest income for both nonaccrual and restructured loans that would have been recognized if such loans had been current in accordance with their original contractual terms, and had been outstanding throughout the period or since origination if held for only part of the period. The table also presents the interest income related to these loans that was actually recognized for the period. Year ended (dollars in millions) December 31, 2018 Gross amount of interest income that would have been recorded if the loans had been current in accordance with original contractual terms, and had been outstanding throughout the period or since origination, if held for only part $ 2 of the period 1 Interest income actually recognized 1 Total interest income foregone 1
$
1
Based on the contractual rate that was being charged at the time the loan was restructured or placed on nonaccrual status.
See “Allowance for loan losses” in Note 4 of the Consolidated Financial Statements for information with respect to nonperforming assets. Allowance for loan losses. See “Allowance for loan losses” in Note 4 of the Consolidated Financial Statements for the tables which sets forth the allocation of ASB’s allowance for loan losses. The following table presents the changes in the allowance for loan losses: (dollars in thousands) Allowance for loan losses, January 1 Provision for loan losses Charge-offs Real estate: Residential 1-4 family Commercial real estate Home equity line of credit Residential land Commercial construction Residential construction Total real estate Commercial Consumer Total charge-offs Recoveries Real estate: Residential 1-4 family Commercial real estate Home equity line of credit Residential land Commercial construction Residential construction Total real estate Commercial Consumer Total recoveries Net charge-offs Allowance for loan losses, December 31
$
$
2018 53,637 14,745
$
2017 55,533 10,901
$
2016 50,038 16,763
$
2015 45,618 6,275
$
2014 40,116 6,126
128 — 353 18 — — 499 2,722 17,296 20,517
826 — 14 210 — — 1,050 4,006 11,757 16,813
639 — 112 138 — — 889 5,943 7,413 14,245
356 — 205 — — — 561 1,074 4,791 6,426
987 — 196 81 — — 1,264 1,872 2,414 5,550
74 — 257 179 — — 510 2,136 1,608 4,254 16,263 52,119
157 — 308 482 — — 947 1,852 1,217 4,016 12,797 53,637
421 — 59 461 — — 941 1,093 943 2,977 11,268 55,533
226 — 80 507 — — 813 2,773 985 4,571 1,855 50,038
1,180 — 752 469 — — 2,401 1,636 889 4,926 624 45,618
$
$
$
$
Ratio of allowance for loan losses to loans held for investment
1.08%
1.15%
1.17%
1.08%
1.03%
Ratio of provision for loan losses during the year to average total loans
0.31%
0.23%
0.36%
0.14%
0.14%
Ratio of net charge-offs during the year to average total loans
0.34%
0.27%
0.24%
0.04%
0.01%
60
