The table below provides information regarding nonperforming assets, the allowance for credit losses, and associated ratios.
|December 31,||September 30,||December 31,|
|($ In Millions)||2012||2012||2011|
|Nonperforming Loans and Leases||$||254.8||$||269.0||$||293.7|
|Other Real Estate Owned||20.3||20.6||21.2|
|Total Nonperforming Assets||275.1||289.6||314.9|
|Allowance for Credit Losses|
|Allowance for Credit Losses Assigned to:|
|Loans and Leases||297.9||298.6||294.8|
|Unfunded Loan Commitments and Standby Letters of Credit||29.7||29.4||34.1|
|Total Allowance for Credit Losses||$||327.6||$||328.0||$||328.9|
Nonperforming Loans and Leases to Total Loans and Leases
Allowance for Credit Losses Assigned to Loans and Leases to Total Loans and Leases
Coverage of Loan and Lease Allowance to Nonperforming Loans and Leases
Noninterest expense totaled $741.5 million in the current quarter compared to $771.7 million in the prior year quarter. The current quarter includes restructuring and integration related charges of $8.2 million ($5.2 million after tax, or $0.02 per common share). The prior year quarter included restructuring, acquisition and integration related charges of $61.0 million ($39.8 million after tax, or $0.17 per common share). Excluding the current quarter and prior year quarter charges, and the prior year quarter’s Visa benefit of $13.0 million, noninterest expense increased $9.6 million, or 1%.