0.78% = % of nonaccruals as a % of CRE loans? Real estate secured loans collective comprise 69.9% of total loans, well above peer average of 53.2% and 57.3% and 2nd only to Regions at 70.4%. Scary! C&I loans are 13.9% of total loans, below beer average of 23.3% and 26.4%. The future is gloomy no matter what. The latest rumor of M&A with Chase is cause for concern. Hope due diligence is practiced. Prior rumor of M&A with Fifth/Third was very scary. SP
What is your point? Secured loans are the safest type of loans because they have real assets backing them. BB&T has used conserative underwriting and as a result writeoffs have been acceptable. They did no subprime and very few nodoc (altA) loans.
Unlike CC loans and to some extent auto loans conserative under written loans provide enough assets to guarantee a recovery of most of the loan value in case of default.