|
Outstanding Loans and Leases (Tables)
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12 Months Ended |
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Dec. 31, 2011
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| Loans and Leases Receivable, Net of Deferred Income [Abstract] |
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| Loans And Leases Outstanding [Table Text Block] |
The following tables present total outstanding loans and leases and an aging analysis at December 31, 2011 and 2010.
The Legacy Asset Servicing portfolio, as shown in the table below, is a separately managed legacy mortgage portfolio. Legacy Asset Servicing, which was created on January 1, 2011 in connection with the re-alignment of the Consumer Real Estate Services (CRES) business segment, is responsible for servicing loans on its balance sheet and for others including loans held in other business segments and All Other. This includes servicing and managing the runoff and exposures related to selected residential mortgages and home equity loans, including discontinued real estate products, Countrywide PCI loans and certain loans that met a pre-defined delinquency status or probability of default threshold as of January 1, 2011. Since making the determination of the pool of loans to be included in the Legacy Asset Servicing portfolio, the criteria have not changed for this portfolio; however, the criteria will continue to be evaluated over time.
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December 31, 2011 |
(Dollars in millions) |
30-59 Days Past Due (1)
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60-89 Days Past Due (1)
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90 Days or
More
Past Due (2)
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Total Past
Due 30 Days
or More
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Total Current or Less Than 30 Days Past Due (3)
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Purchased
Credit-impaired (4)
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Loans Accounted for Under the Fair Value Option |
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Total
Outstandings
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Home loans |
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Core portfolio |
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Residential mortgage (5)
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$ |
2,151 |
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$ |
751 |
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$ |
3,017 |
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$ |
5,919 |
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$ |
172,418 |
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$ |
— |
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|
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$ |
178,337 |
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Home equity |
260 |
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|
155 |
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|
429 |
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|
844 |
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66,211 |
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— |
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67,055 |
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Legacy Asset Servicing portfolio |
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Residential mortgage |
3,195 |
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|
2,174 |
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32,167 |
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37,536 |
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36,451 |
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9,966 |
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83,953 |
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Home equity |
845 |
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|
508 |
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1,735 |
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|
3,088 |
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42,578 |
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11,978 |
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57,644 |
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Discontinued real estate (6)
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65 |
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24 |
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351 |
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440 |
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|
798 |
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9,857 |
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11,095 |
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Credit card and other consumer |
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U.S. credit card |
981 |
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|
772 |
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2,070 |
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3,823 |
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98,468 |
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— |
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102,291 |
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Non-U.S. credit card |
148 |
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|
120 |
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|
342 |
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|
610 |
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|
13,808 |
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— |
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14,418 |
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Direct/Indirect consumer (7)
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805 |
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338 |
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|
779 |
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|
1,922 |
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|
87,791 |
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— |
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89,713 |
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Other consumer (8)
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55 |
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21 |
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17 |
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93 |
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2,595 |
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— |
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2,688 |
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Total consumer loans |
8,505 |
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4,863 |
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|
40,907 |
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|
54,275 |
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|
521,118 |
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31,801 |
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607,194 |
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Consumer loans accounted for under the fair value option (9)
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$ |
2,190 |
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|
2,190 |
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Total consumer |
8,505 |
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|
4,863 |
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|
40,907 |
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|
54,275 |
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521,118 |
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|
31,801 |
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|
2,190 |
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|
609,384 |
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Commercial |
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U.S. commercial |
272 |
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|
83 |
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2,249 |
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2,604 |
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|
177,344 |
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— |
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|
179,948 |
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Commercial real estate (10)
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133 |
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|
44 |
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|
3,887 |
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4,064 |
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|
35,532 |
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— |
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|
39,596 |
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Commercial lease financing |
78 |
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13 |
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40 |
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131 |
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21,858 |
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— |
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21,989 |
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Non-U.S. commercial |
24 |
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— |
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143 |
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|
167 |
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|
55,251 |
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— |
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55,418 |
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U.S. small business commercial |
142 |
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|
100 |
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331 |
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|
573 |
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|
12,678 |
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— |
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13,251 |
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Total commercial loans |
649 |
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|
240 |
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6,650 |
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|
7,539 |
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|
302,663 |
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— |
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|
310,202 |
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Commercial loans accounted for under the fair value option (9)
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6,614 |
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|
6,614 |
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Total commercial |
649 |
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|
240 |
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|
6,650 |
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|
7,539 |
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|
302,663 |
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— |
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|
6,614 |
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|
316,816 |
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Total loans and leases |
$ |
9,154 |
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$ |
5,103 |
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$ |
47,557 |
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$ |
61,814 |
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$ |
823,781 |
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$ |
31,801 |
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$ |
8,804 |
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$ |
926,200 |
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Percentage of outstandings |
0.99 |
% |
|
0.55 |
% |
|
5.13 |
% |
|
6.67 |
% |
|
88.95 |
% |
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3.43 |
% |
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0.95 |
% |
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(1) |
Home loans includes $3.6 billion of fully-insured loans, $770 million of nonperforming loans and $119 million of TDRs that were removed from the Countrywide PCI loan portfolio prior to the adoption of accounting guidance on PCI loans effective January 1, 2010.
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(2) |
Home loans includes $21.2 billion of fully-insured loans and $378 million of TDRs that were removed from the Countrywide PCI loan portfolio prior to the adoption of accounting guidance on PCI loans effective January 1, 2010.
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(3) |
Home loans includes $1.8 billion of nonperforming loans as all principal and interest are not current or the loans are TDRs that have not demonstrated sustained repayment performance.
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(4) |
PCI loan amounts are shown gross of the valuation allowance. |
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(5) |
Total outstandings includes non-U.S. residential mortgages of $85 million at December 31, 2011.
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(6) |
Total outstandings includes $9.9 billion of pay option loans and $1.2 billion of subprime loans at December 31, 2011. The Corporation no longer originates these products.
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(7) |
Total outstandings includes dealer financial services loans of $43.0 billion, consumer lending loans of $8.0 billion, U.S. securities-based lending margin loans of $23.6 billion, student loans of $6.0 billion, non-U.S. consumer loans of $7.6 billion and other consumer loans of $1.5 billion at December 31, 2011.
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(8) |
Total outstandings includes consumer finance loans of $1.7 billion, other non-U.S. consumer loans of $929 million and consumer overdrafts of $103 million at December 31, 2011.
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(9) |
Certain consumer loans are accounted for under the fair value option and include residential mortgage loans of $906 million and discontinued real estate loans of $1.3 billion at December 31, 2011. Certain commercial loans are accounted for under the fair value option and include U.S. commercial loans of $2.2 billion and non-U.S. commercial loans of $4.4 billion at December 31, 2011. See Note 22 – Fair Value Measurements and Note 23 – Fair Value Option for additional information.
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(10) |
Total outstandings includes U.S. commercial real estate loans of $37.8 billion and non-U.S. commercial real estate loans of $1.8 billion at December 31, 2011.
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December 31, 2010 |
(Dollars in millions) |
30-59 Days
Past Due (1)
|
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60-89 Days Past Due (1)
|
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90 Days or
More
Past Due (2)
|
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Total Past
Due 30 Days
or More |
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Total Current or Less Than 30 Days Past Due (3)
|
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Purchased
Credit-impaired (4)
|
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Loans Accounted for Under the Fair Value Option |
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Total Outstandings |
Home loans |
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Core portfolio |
|
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|
|
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Residential mortgage (5)
|
$ |
1,160 |
|
|
$ |
236 |
|
|
$ |
1,255 |
|
|
$ |
2,651 |
|
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$ |
164,276 |
|
|
$ |
— |
|
|
|
|
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$ |
166,927 |
|
Home equity |
186 |
|
|
12 |
|
|
105 |
|
|
303 |
|
|
71,216 |
|
|
— |
|
|
|
|
|
71,519 |
|
Legacy Asset Servicing portfolio |
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
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Residential mortgage |
3,999 |
|
|
2,879 |
|
|
31,985 |
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|
38,863 |
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|
41,591 |
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|
10,592 |
|
|
|
|
|
91,046 |
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Home equity |
1,096 |
|
|
792 |
|
|
2,186 |
|
|
4,074 |
|
|
49,798 |
|
|
12,590 |
|
|
|
|
|
66,462 |
|
Discontinued real estate (6)
|
68 |
|
|
39 |
|
|
419 |
|
|
526 |
|
|
930 |
|
|
11,652 |
|
|
|
|
|
13,108 |
|
Credit card and other consumer |
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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U.S. credit card |
1,398 |
|
|
1,195 |
|
|
3,320 |
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|
5,913 |
|
|
107,872 |
|
|
— |
|
|
|
|
|
113,785 |
|
Non-U.S. credit card |
439 |
|
|
316 |
|
|
599 |
|
|
1,354 |
|
|
26,111 |
|
|
— |
|
|
|
|
|
27,465 |
|
Direct/Indirect consumer (7)
|
1,086 |
|
|
522 |
|
|
1,104 |
|
|
2,712 |
|
|
87,596 |
|
|
— |
|
|
|
|
|
90,308 |
|
Other consumer (8)
|
65 |
|
|
25 |
|
|
50 |
|
|
140 |
|
|
2,690 |
|
|
— |
|
|
|
|
|
2,830 |
|
Total consumer |
9,497 |
|
|
6,016 |
|
|
41,023 |
|
|
56,536 |
|
|
552,080 |
|
|
34,834 |
|
|
|
|
|
643,450 |
|
Commercial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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U.S. commercial |
432 |
|
|
222 |
|
|
3,689 |
|
|
4,343 |
|
|
171,241 |
|
|
2 |
|
|
|
|
|
175,586 |
|
Commercial real estate (9)
|
250 |
|
|
70 |
|
|
5,876 |
|
|
6,196 |
|
|
43,036 |
|
|
161 |
|
|
|
|
|
49,393 |
|
Commercial lease financing |
82 |
|
|
18 |
|
|
135 |
|
|
235 |
|
|
21,707 |
|
|
— |
|
|
|
|
|
21,942 |
|
Non-U.S. commercial |
25 |
|
|
2 |
|
|
239 |
|
|
266 |
|
|
31,722 |
|
|
41 |
|
|
|
|
|
32,029 |
|
U.S. small business commercial |
189 |
|
|
158 |
|
|
529 |
|
|
876 |
|
|
13,843 |
|
|
— |
|
|
|
|
|
14,719 |
|
Total commercial loans |
978 |
|
|
470 |
|
|
10,468 |
|
|
11,916 |
|
|
281,549 |
|
|
204 |
|
|
|
|
|
293,669 |
|
Commercial loans accounted for under the fair value option (10)
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
3,321 |
|
|
3,321 |
|
Total commercial |
978 |
|
|
470 |
|
|
10,468 |
|
|
11,916 |
|
|
281,549 |
|
|
204 |
|
|
3,321 |
|
|
296,990 |
|
Total loans and leases |
$ |
10,475 |
|
|
$ |
6,486 |
|
|
$ |
51,491 |
|
|
$ |
68,452 |
|
|
$ |
833,629 |
|
|
$ |
35,038 |
|
|
$ |
3,321 |
|
|
$ |
940,440 |
|
Percentage of outstandings |
1.11 |
% |
|
0.69 |
% |
|
5.48 |
% |
|
7.28 |
% |
|
88.64 |
% |
|
3.73 |
% |
|
0.35 |
% |
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(1) |
Home loans includes $2.4 billion of fully-insured loans, $818 million of nonperforming loans and $156 million of TDRs that were removed from the Countrywide PCI loan portfolio prior to the adoption of accounting guidance on PCI loans effective January 1, 2010.
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(2) |
Home loans includes $16.8 billion of fully-insured loans and $372 million of TDRs that were removed from the Countrywide PCI loan portfolio prior to the adoption of accounting guidance on PCI loans effective January 1, 2010.
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(3) |
Home loans includes $1.1 billion of nonperforming loans as all principal and interest are not current or the loans are TDRs that have not demonstrated sustained repayment performance.
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(4) |
PCI loan amounts are shown gross of the valuation allowance and exclude $1.6 billion of PCI home loans from the Merrill Lynch acquisition which are included in their appropriate aging categories.
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(5) |
Total outstandings includes non-U.S. residential mortgages of $90 million at December 31, 2010.
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(6) |
Total outstandings includes $11.8 billion of pay option loans and $1.3 billion of subprime loans at December 31, 2010. The Corporation no longer originates these products.
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(7) |
Total outstandings includes dealer financial services loans of $43.3 billion, consumer lending loans of $12.4 billion, U.S. securities-based lending margin loans of $16.6 billion, student loans of $6.8 billion, non-U.S. consumer loans of $8.0 billion and other consumer loans of $3.2 billion at December 31, 2010.
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(8) |
Total outstandings includes consumer finance loans of $1.9 billion, other non-U.S. consumer loans of $803 million and consumer overdrafts of $88 million at December 31, 2010.
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(9) |
Total outstandings includes U.S. commercial real estate loans of $46.9 billion and non-U.S. commercial real estate loans of $2.5 billion at December 31, 2010.
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(10) |
Certain commercial loans are accounted for under the fair value option and include U.S. commercial loans of $1.6 billion, non-U.S. commercial loans of $1.7 billion and commercial real estate loans of $79 million at December 31, 2010. See Note 22 – Fair Value Measurements and Note 23 – Fair Value Option for additional information.
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|
| Schedule of Financing Receivables, Non Accrual Status [Table Text Block] |
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Credit Quality |
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|
Nonperforming Loans and Leases |
|
Accruing Past Due
90 Days or More
|
|
December 31 |
|
December 31 |
(Dollars in millions) |
2011 |
|
2010 |
|
2011 |
|
2010 |
Home loans |
|
|
|
|
|
|
|
|
|
|
|
Core portfolio |
|
|
|
|
|
|
|
Residential mortgage (1)
|
$ |
2,414 |
|
|
$ |
1,510 |
|
|
$ |
883 |
|
|
$ |
16 |
|
Home equity |
439 |
|
|
107 |
|
|
— |
|
|
— |
|
Legacy Asset Servicing portfolio |
|
|
|
|
|
|
|
|
|
|
Residential mortgage (1)
|
13,556 |
|
|
16,181 |
|
|
20,281 |
|
|
16,752 |
|
Home equity |
2,014 |
|
|
2,587 |
|
|
— |
|
|
— |
|
Discontinued real estate |
290 |
|
|
331 |
|
|
— |
|
|
— |
|
Credit card and other consumer |
|
|
|
|
|
|
|
|
|
U.S. credit card |
n/a |
|
|
n/a |
|
|
2,070 |
|
|
3,320 |
|
Non-U.S. credit card |
n/a |
|
|
n/a |
|
|
342 |
|
|
599 |
|
Direct/Indirect consumer |
40 |
|
|
90 |
|
|
746 |
|
|
1,058 |
|
Other consumer |
15 |
|
|
48 |
|
|
2 |
|
|
2 |
|
Total consumer |
18,768 |
|
|
20,854 |
|
|
24,324 |
|
|
21,747 |
|
Commercial |
|
|
|
|
|
|
|
|
|
|
|
U.S. commercial |
2,174 |
|
|
3,453 |
|
|
75 |
|
|
236 |
|
Commercial real estate |
3,880 |
|
|
5,829 |
|
|
7 |
|
|
47 |
|
Commercial lease financing |
26 |
|
|
117 |
|
|
14 |
|
|
18 |
|
Non-U.S. commercial |
143 |
|
|
233 |
|
|
— |
|
|
6 |
|
U.S. small business commercial |
114 |
|
|
204 |
|
|
216 |
|
|
325 |
|
Total commercial |
6,337 |
|
|
9,836 |
|
|
312 |
|
|
632 |
|
Total consumer and commercial |
$ |
25,105 |
|
|
$ |
30,690 |
|
|
$ |
24,636 |
|
|
$ |
22,379 |
|
|
|
(1) |
Residential mortgage loans accruing past due 90 days or more are fully-insured loans. At December 31, 2011 and 2010, residential mortgage includes $17.0 billion and $8.3 billion of loans on which interest has been curtailed by the FHA, and therefore are no longer accruing interest, although principal is still insured, and $4.2 billion and $8.5 billion of loans on which interest is still accruing.
|
n/a = not applicable
|
| Financing Receivable Credit Quality Indicators [Table Text Block] |
The following tables present certain credit quality indicators for the Corporation’s home loans, credit card and other consumer loans, and commercial loan portfolio segments, by class of financing receivables, at December 31, 2011 and 2010.
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|
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|
|
|
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|
|
|
|
|
|
|
|
|
|
Home Loans - Credit Quality Indicators (1)
|
|
|
|
December 31, 2011 |
(Dollars in millions) |
Core Portfolio Residential
Mortgage (2)
|
|
Legacy Asset Servicing Residential
Mortgage (2)
|
|
Countrywide Residential Mortgage PCI |
|
Core Portfolio Home Equity (2)
|
|
Legacy Asset Servicing Home Equity (2)
|
|
Countrywide Home Equity PCI |
|
Legacy Asset Servicing Discontinued
Real Estate (2)
|
|
Countrywide
Discontinued
Real Estate
PCI
|
Refreshed LTV (3)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less than 90 percent |
$ |
80,032 |
|
|
$ |
20,450 |
|
|
$ |
3,821 |
|
|
$ |
46,646 |
|
|
$ |
17,354 |
|
|
$ |
2,253 |
|
|
$ |
895 |
|
|
$ |
5,953 |
|
Greater than 90 percent but less than 100 percent |
11,838 |
|
|
5,847 |
|
|
1,468 |
|
|
6,988 |
|
|
4,995 |
|
|
1,077 |
|
|
122 |
|
|
1,191 |
|
Greater than 100 percent |
17,673 |
|
|
22,630 |
|
|
4,677 |
|
|
13,421 |
|
|
23,317 |
|
|
8,648 |
|
|
221 |
|
|
2,713 |
|
Fully-insured loans (4)
|
68,794 |
|
|
25,060 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Total home loans |
$ |
178,337 |
|
|
$ |
73,987 |
|
|
$ |
9,966 |
|
|
$ |
67,055 |
|
|
$ |
45,666 |
|
|
$ |
11,978 |
|
|
$ |
1,238 |
|
— |
|
$ |
9,857 |
|
Refreshed FICO score |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less than 620 |
$ |
7,020 |
|
|
$ |
17,337 |
|
|
$ |
3,749 |
|
|
$ |
4,148 |
|
|
$ |
8,990 |
|
|
$ |
3,203 |
|
|
$ |
548 |
|
|
$ |
5,968 |
|
Greater than or equal to 620 |
102,523 |
|
|
31,590 |
|
|
6,217 |
|
|
62,907 |
|
|
36,676 |
|
|
8,775 |
|
|
690 |
|
|
3,889 |
|
Fully-insured loans (4)
|
68,794 |
|
|
25,060 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Total home loans |
$ |
178,337 |
|
|
$ |
73,987 |
|
|
$ |
9,966 |
|
|
$ |
67,055 |
|
|
$ |
45,666 |
|
|
$ |
11,978 |
|
|
$ |
1,238 |
|
|
$ |
9,857 |
|
|
|
(1) |
Excludes $2.2 billion of loans accounted for under the fair value option.
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|
|
(2) |
Excludes Countrywide PCI loans. |
|
|
(3) |
Refreshed LTV percentages for PCI loans are calculated using the carrying value gross of the related valuation allowance. |
|
|
(4) |
Credit quality indicators are not reported for fully-insured loans as principal repayment is insured. |
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|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
Credit Card and Other Consumer - Credit Quality Indicators |
|
|
|
December 31, 2011 |
(Dollars in millions) |
U.S. Credit
Card
|
|
Non-U.S.
Credit Card
|
|
Direct/Indirect
Consumer
|
|
Other
Consumer (1)
|
Refreshed FICO score |
|
|
|
|
|
|
|
|
|
|
|
Less than 620 |
$ |
8,172 |
|
|
$ |
— |
|
|
$ |
3,325 |
|
|
$ |
802 |
|
Greater than or equal to 620 |
94,119 |
|
|
— |
|
|
46,981 |
|
|
854 |
|
Other internal credit metrics (2, 3, 4)
|
— |
|
|
14,418 |
|
|
39,407 |
|
|
1,032 |
|
Total credit card and other consumer |
$ |
102,291 |
|
|
$ |
14,418 |
|
|
$ |
89,713 |
|
|
$ |
2,688 |
|
|
|
(1) |
96 percent of the other consumer portfolio was associated with portfolios from certain consumer finance businesses that the Corporation previously exited.
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|
(2) |
Other internal credit metrics may include delinquency status, geography or other factors. |
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|
(3) |
Direct/indirect consumer includes $31.1 billion of securities-based lending which is overcollateralized and therefore has minimal credit risk and $6.0 billion of loans the Corporation no longer originates.
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|
|
(4) |
Non-U.S. credit card represents the select European countries’ credit card portfolios which are evaluated using internal credit metrics, including delinquency status. At December 31, 2011, 96 percent of this portfolio was current or less than 30 days past due, two percent was 30-89 days past due and two percent was 90 days or more past due.
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|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial - Credit Quality Indicators (1)
|
|
|
|
December 31, 2011 |
(Dollars in millions) |
U.S.
Commercial
|
|
Commercial
Real Estate
|
|
Commercial
Lease
Financing
|
|
Non-U.S.
Commercial
|
|
U.S. Small
Business
Commercial (2)
|
Risk Ratings |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass rated |
$ |
169,599 |
|
|
$ |
28,602 |
|
|
$ |
20,850 |
|
|
$ |
53,945 |
|
|
$ |
2,392 |
|
Reservable criticized |
10,349 |
|
|
10,994 |
|
|
1,139 |
|
|
1,473 |
|
|
836 |
|
Refreshed FICO score (3)
|
|
|
|
|
|
|
|
|
|
|
Less than 620 |
|
|
|
|
|
|
|
|
|
|
|
|
562 |
|
Greater than or equal to 620 |
|
|
|
|
|
|
|
|
4,674 |
|
Other internal credit metrics (3, 4)
|
|
|
|
|
|
|
|
|
4,787 |
|
Total commercial credit |
$ |
179,948 |
|
|
$ |
39,596 |
|
|
$ |
21,989 |
|
|
$ |
55,418 |
|
|
$ |
13,251 |
|
|
|
(1) |
Excludes $6.6 billion of loans accounted for under the fair value option.
|
|
|
(2) |
U.S. small business commercial includes $491 million of criticized business card and small business loans which are evaluated using FICO scores or internal credit metrics, including delinquency status, rather than risk ratings. At December 31, 2011, 97 percent of the balances where internal credit metrics are used were current or less than 30 days past due.
|
|
|
(3) |
Refreshed FICO score and other internal credit metrics are applicable only to the U.S. small business commercial portfolio. |
|
|
(4) |
Other internal credit metrics may include delinquency status, application scores, geography or other factors. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Home Loans - Credit Quality Indicators |
|
|
|
December 31, 2010 |
(Dollars in millions) |
Core Portfolio Residential
Mortgage (1)
|
|
Legacy Asset Servicing Residential
Mortgage (1)
|
|
Countrywide Residential Mortgage PCI |
|
Core Portfolio Home Equity (1)
|
|
Legacy Asset Servicing Home Equity (1)
|
|
Countrywide Hone Equity PCI |
|
Legacy Asset Servicing Discontinued
Real Estate (1)
|
|
Countrywide
Discontinued
Real Estate
PCI
|
Refreshed LTV (2)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less than 90 percent |
$ |
95,874 |
|
|
$ |
21,357 |
|
|
$ |
3,710 |
|
|
$ |
51,555 |
|
|
$ |
22,125 |
|
|
$ |
2,313 |
|
|
$ |
1,033 |
|
|
$ |
6,713 |
|
Greater than 90 percent but less than 100 percent |
11,581 |
|
|
8,234 |
|
|
1,664 |
|
|
7,534 |
|
|
6,504 |
|
|
1,215 |
|
|
155 |
|
|
1,319 |
|
Greater than 100 percent |
14,047 |
|
|
29,043 |
|
|
5,218 |
|
|
12,430 |
|
|
25,243 |
|
|
9,062 |
|
|
268 |
|
|
3,620 |
|
Fully-insured loans (3)
|
45,425 |
|
|
21,820 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Total home loans |
$ |
166,927 |
|
|
$ |
80,454 |
|
|
$ |
10,592 |
|
|
$ |
71,519 |
|
|
$ |
53,872 |
|
|
$ |
12,590 |
|
|
$ |
1,456 |
|
— |
|
$ |
11,652 |
|
Refreshed FICO score |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less than 620 |
$ |
5,193 |
|
|
$ |
22,126 |
|
|
$ |
4,016 |
|
|
$ |
3,932 |
|
|
$ |
11,562 |
|
|
$ |
3,206 |
|
|
$ |
663 |
|
|
$ |
7,168 |
|
Greater than or equal to 620 |
116,309 |
|
|
36,508 |
|
|
6,576 |
|
|
67,587 |
|
|
42,310 |
|
|
9,384 |
|
|
793 |
|
|
4,484 |
|
Fully-insured loans (3)
|
45,425 |
|
|
21,820 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Total home loans |
$ |
166,927 |
|
|
$ |
80,454 |
|
|
$ |
10,592 |
|
|
$ |
71,519 |
|
|
$ |
53,872 |
|
|
$ |
12,590 |
|
|
$ |
1,456 |
|
— |
|
$ |
11,652 |
|
|
|
(1) |
Excludes Countrywide PCI loans. |
|
|
(2) |
Refreshed LTV percentages for PCI loans are calculated using the carrying value gross of the related valuation allowance. |
|
|
(3) |
Credit quality indicators are not reported for fully-insured loans as principal repayment is insured. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Credit Card and Other Consumer - Credit Quality Indicators |
|
|
|
December 31, 2010 |
(Dollars in millions) |
U.S. Credit
Card
|
|
Non-U.S.
Credit Card
|
|
Direct/Indirect
Consumer
|
|
Other
Consumer (1)
|
Refreshed FICO score |
|
|
|
|
|
|
|
|
|
|
|
Less than 620 |
$ |
14,159 |
|
|
$ |
631 |
|
|
$ |
6,748 |
|
|
$ |
979 |
|
Greater than or equal to 620 |
99,626 |
|
|
7,528 |
|
|
48,209 |
|
|
961 |
|
Other internal credit metrics (2, 3, 4)
|
— |
|
|
19,306 |
|
|
35,351 |
|
|
890 |
|
Total credit card and other consumer |
$ |
113,785 |
|
|
$ |
27,465 |
|
|
$ |
90,308 |
|
|
$ |
2,830 |
|
|
|
(1) |
96 percent of the other consumer portfolio was associated with portfolios from certain consumer finance businesses that the Corporation previously exited.
|
|
|
(2) |
Other internal credit metrics may include delinquency status, geography or other factors. |
|
|
(3) |
Direct/indirect consumer includes $24.0 billion of securities-based lending which is overcollateralized and therefore has minimal credit risk and $7.4 billion of loans the Corporation no longer originates.
|
|
|
(4) |
Non-U.S. credit card represents the select European countries’ credit card portfolios and a portion of the Canadian credit card portfolio which are evaluated using internal credit metrics, including delinquency status. At December 31, 2010, 95 percent of this portfolio was current or less than 30 days past due, three percent was 30-89 days past due and two percent was 90 days past due or more.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial - Credit Quality Indicators (1)
|
|
|
|
December 31, 2010 |
(Dollars in millions) |
U.S.
Commercial
|
|
Commercial
Real Estate
|
|
Commercial
Lease
Financing
|
|
Non-U.S.
Commercial
|
|
U.S. Small
Business
Commercial (2)
|
Risk Ratings |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass rated |
$ |
160,154 |
|
|
$ |
29,757 |
|
|
$ |
20,754 |
|
|
$ |
30,180 |
|
|
$ |
3,139 |
|
Reservable criticized |
15,432 |
|
|
19,636 |
|
|
1,188 |
|
|
1,849 |
|
|
988 |
|
Refreshed FICO score (3)
|
|
|
|
|
|
|
|
|
|
Less than 620 |
|
|
|
|
|
|
|
|
888 |
|
Greater than or equal to 620 |
|
|
|
|
|
|
|
|
5,083 |
|
Other internal credit metrics (3, 4)
|
|
|
|
|
|
|
|
|
4,621 |
|
Total commercial credit |
$ |
175,586 |
|
|
$ |
49,393 |
|
|
$ |
21,942 |
|
|
$ |
32,029 |
|
|
$ |
14,719 |
|
|
|
(1) |
Includes $204 million of PCI loans in the commercial portfolio segment and excludes $3.3 billion of loans accounted for under the fair value option.
|
|
|
(2) |
U.S. small business commercial includes $690 million of criticized business card and small business loans which are evaluated using FICO scores or internal credit metrics, including delinquency status, rather than risk ratings. At December 31, 2010, 95 percent of the balances where internal credit metrics are used were current or less than 30 days past due.
|
|
|
(3) |
Refreshed FICO score and other internal credit metrics are applicable only to the U.S. small business commercial portfolio. |
|
|
(4) |
Other internal credit metrics may include delinquency status, application scores, geography or other factors. |
|
| Impaired Financing Receivables [Table Text Block] |
The table below presents impaired loans in the Corporation’s home loans portfolio segment at December 31, 2011 and 2010. The impaired home loans table below includes primarily loans managed by Legacy Asset Servicing. Certain impaired home loans do not have a related allowance as the current valuation of these impaired loans exceeded the carrying value.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Impaired Loans – Home Loans |
|
|
|
|
|
December 31, 2011 |
|
2011 |
(Dollars in millions) |
Unpaid
Principal
Balance
|
|
Carrying
Value
|
|
Related
Allowance
|
|
Average
Carrying
Value
|
|
Interest
Income
Recognized (1)
|
With no recorded allowance |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential mortgage |
$ |
10,907 |
|
|
$ |
8,168 |
|
|
n/a |
|
|
$ |
6,285 |
|
|
$ |
233 |
|
Home equity |
1,747 |
|
|
479 |
|
|
n/a |
|
|
442 |
|
|
23 |
|
Discontinued real estate |
421 |
|
|
240 |
|
|
n/a |
|
|
222 |
|
|
8 |
|
With an allowance recorded |
|
|
|
|
|
|
|
|
|
|
Residential mortgage |
$ |
12,296 |
|
|
$ |
11,119 |
|
|
$ |
1,295 |
|
|
$ |
9,379 |
|
|
$ |
319 |
|
Home equity |
1,551 |
|
|
1,297 |
|
|
622 |
|
|
1,357 |
|
|
34 |
|
Discontinued real estate |
213 |
|
|
159 |
|
|
29 |
|
|
173 |
|
|
6 |
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential mortgage |
$ |
23,203 |
|
|
$ |
19,287 |
|
|
$ |
1,295 |
|
|
$ |
15,664 |
|
|
$ |
552 |
|
Home equity |
3,298 |
|
|
1,776 |
|
|
622 |
|
|
1,799 |
|
|
57 |
|
Discontinued real estate |
634 |
|
|
399 |
|
|
29 |
|
|
395 |
|
|
14 |
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2010 |
|
2010 |
With no recorded allowance |
|
|
|
|
|
|
|
|
|
Residential mortgage |
$ |
5,493 |
|
|
$ |
4,382 |
|
|
n/a |
|
|
$ |
4,429 |
|
|
$ |
184 |
|
Home equity |
1,411 |
|
|
437 |
|
|
n/a |
|
|
493 |
|
|
21 |
|
Discontinued real estate |
361 |
|
|
218 |
|
|
n/a |
|
|
219 |
|
|
8 |
|
With an allowance recorded |
|
|
|
|
|
|
|
|
|
Residential mortgage |
$ |
8,593 |
|
|
$ |
7,406 |
|
|
$ |
1,154 |
|
|
$ |
5,226 |
|
|
$ |
196 |
|
Home equity |
1,521 |
|
|
1,284 |
|
|
676 |
|
|
1,509 |
|
|
23 |
|
Discontinued real estate |
247 |
|
|
177 |
|
|
41 |
|
|
170 |
|
|
7 |
|
Total |
|
|
|
|
|
|
|
|
|
Residential mortgage |
$ |
14,086 |
|
|
$ |
11,788 |
|
|
$ |
1,154 |
|
|
$ |
9,655 |
|
|
$ |
380 |
|
Home equity |
2,932 |
|
|
1,721 |
|
|
676 |
|
|
2,002 |
|
|
44 |
|
Discontinued real estate |
608 |
|
|
395 |
|
|
41 |
|
|
389 |
|
|
15 |
|
|
|
(1) |
Interest income recognized includes interest accrued and collected on the outstanding balances of accruing impaired loans as well as interest cash collections on nonaccruing impaired loans for which the ultimate collectability of principal is not uncertain. |
n/a = not applicable
|
| Accretable Yield Activity [Table Text Block] |
The table below shows activity for the accretable yield on Countrywide consumer PCI loans. The $912 million reclassification from nonaccretable difference during 2011 is primarily due to an increase in the expected life of the PCI loans. The reclassification did not increase the annual yield but, as a result of estimated slower prepayment speeds, added additional interest periods to the expected cash flows.
|
|
|
|
|
|
|
|
Rollforward of Accretable Yield |
|
|
|
(Dollars in millions) |
|
|
Accretable yield, January 1, 2010 |
$ |
7,317 |
|
Accretion |
(1,704 |
) |
Disposals/transfers |
(124 |
) |
Reclassifications to nonaccretable difference |
(8 |
) |
Accretable yield, December 31, 2010 |
5,481 |
|
Accretion |
(1,285 |
) |
Disposals/transfers |
(118 |
) |
Reclassifications from nonaccretable difference |
912 |
|
Accretable yield, December 31, 2011 |
$ |
4,990 |
|
|
|
Residential Mortgage [Member]
|
|
| Loans and Leases Receivable, Net of Deferred Income [Abstract] |
|
| Remaining Unpaid Principal Balance, Carrying Amount And Excluding Valuation Reserve [Table Text Block] |
The table below presents the December 31, 2011 unpaid principal balance, carrying value, and average pre- and post-modification interest rates of home loans that were modified in TDRs during 2011, along with net charge-offs that were recorded during 2011. The table below consists primarily of TDRs managed by Legacy Asset Servicing.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Home Loans - TDRs Entered into During 2011 |
|
|
|
December 31, 2011 |
|
2011 |
(Dollars in millions) |
Unpaid Principal Balance |
|
Carrying Value |
|
Pre-modification Interest Rate |
|
Post-modification Interest Rate |
|
Net Charge-offs |
Residential mortgage |
$ |
10,293 |
|
|
$ |
8,872 |
|
|
6.03 |
% |
|
5.28 |
% |
|
$ |
188 |
|
Home equity |
899 |
|
|
480 |
|
|
7.05 |
|
|
5.79 |
|
|
184 |
|
Discontinued real estate |
89 |
|
|
59 |
|
|
7.42 |
|
|
5.94 |
|
|
3 |
|
Total |
$ |
11,281 |
|
|
$ |
9,411 |
|
|
6.12 |
|
|
5.33 |
|
|
$ |
375 |
|
|
| Summary of Troubled Debt Restructuring Note, Debtor [Table Text Block] |
The table below presents the December 31, 2011 carrying value for home loans which were modified in a TDR during 2011. The table below consists primarily of TDRs managed by Legacy Asset Servicing.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Home Loans - Modification Programs |
|
|
|
TDRs Entered into During 2011 |
(Dollars in millions) |
Residential Mortgage |
|
Home Equity |
|
Discontinued Real Estate |
|
Total Carrying Value |
Modifications under government programs |
|
|
|
|
|
|
|
Contractual interest rate reduction |
$ |
969 |
|
|
$ |
181 |
|
|
$ |
9 |
|
|
$ |
1,159 |
|
Principal and/or interest forbearance |
179 |
|
|
36 |
|
|
2 |
|
|
217 |
|
Other modifications (1)
|
18 |
|
|
3 |
|
|
— |
|
|
21 |
|
Total modifications under government programs |
1,166 |
|
|
220 |
|
|
11 |
|
|
1,397 |
|
|
|
|
|
|
|
|
|
Modifications under proprietary programs |
|
|
|
|
|
|
|
Contractual interest rate reduction |
3,441 |
|
|
83 |
|
|
20 |
|
|
3,544 |
|
Capitalization of past due amounts |
381 |
|
|
1 |
|
|
2 |
|
|
384 |
|
Principal and/or interest forbearance |
845 |
|
|
47 |
|
|
7 |
|
|
899 |
|
Other modifications (1)
|
405 |
|
|
33 |
|
|
1 |
|
|
439 |
|
Total modifications under proprietary programs |
5,072 |
|
|
164 |
|
|
30 |
|
|
5,266 |
|
Trial modifications (2)
|
2,634 |
|
|
96 |
|
|
18 |
|
|
2,748 |
|
Total modifications |
$ |
8,872 |
|
|
$ |
480 |
|
|
$ |
59 |
|
|
$ |
9,411 |
|
|
|
(1)
|
Includes other modifications such as term or payment extensions and repayment plans. |
|
|
(2) |
Includes $187 million of trial modifications that were considered TDRs prior to the application of new accounting guidance that was effective in 2011.
|
|
| Schedule of Troubled Debt Restructurings Modified |
The table below presents the carrying value of loans that entered into payment default during 2011 and that were modified in a TDR during the 12 months preceding payment default. A payment default for home loan TDRs is recognized when a borrower has missed three monthly payments (not necessarily consecutively) since modification. Payment default on trial modification where the borrower has not yet met the terms of the agreement are included in the table below if the borrower is 90 days or more past due three months after the offer to modify is made.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Home Loans - Payment Default |
|
|
|
2011 |
(Dollars in millions) |
Residential Mortgage |
|
Home Equity |
|
Discontinued Real Estate |
|
Total Carrying Value |
Modifications under government programs |
$ |
348 |
|
|
$ |
1 |
|
|
$ |
2 |
|
|
$ |
351 |
|
Modifications under proprietary programs |
2,068 |
|
|
42 |
|
|
11 |
|
|
2,121 |
|
Trial modifications |
1,011 |
|
|
15 |
|
|
5 |
|
|
1,031 |
|
Total modifications |
$ |
3,427 |
|
|
$ |
58 |
|
|
$ |
18 |
|
|
$ |
3,503 |
|
|
|
Consumer Portfolio Segment [Member]
|
|
| Loans and Leases Receivable, Net of Deferred Income [Abstract] |
|
| Remaining Unpaid Principal Balance, Carrying Amount And Excluding Valuation Reserve [Table Text Block] |
The table below provides information on the Corporation’s primary modification programs for the renegotiated TDR portfolio at December 31, 2011 and 2010.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Credit Card and Other Consumer – Renegotiated TDR Portfolio by Program Type |
|
|
|
|
|
|
|
|
|
|
|
Internal Programs |
|
External Programs |
|
Other (1)
|
|
Total |
|
Percent of Balances Current or Less Than 30 Days Past Due |
|
December 31 |
|
December 31 |
|
December 31 |
|
December 31 |
|
December 31 |
(Dollars in millions) |
2011 |
|
2010 |
|
2011 |
|
2010 |
|
2011 |
|
2010 |
|
2011 |
|
2010 |
|
2011 |
|
2010 |
U.S. credit card |
$ |
3,788 |
|
|
$ |
6,592 |
|
|
$ |
1,436 |
|
|
$ |
1,927 |
|
|
$ |
81 |
|
|
$ |
247 |
|
|
$ |
5,305 |
|
|
$ |
8,766 |
|
|
78.97 |
% |
|
77.66 |
% |
Non-U.S. credit card |
218 |
|
|
282 |
|
|
113 |
|
|
176 |
|
|
266 |
|
|
339 |
|
|
597 |
|
|
797 |
|
|
54.02 |
|
|
58.86 |
|
Direct/Indirect consumer |
784 |
|
|
1,222 |
|
|
392 |
|
|
531 |
|
|
22 |
|
|
105 |
|
|
1,198 |
|
|
1,858 |
|
|
80.01 |
|
|
78.81 |
|
Total renegotiated TDR loans |
$ |
4,790 |
|
|
$ |
8,096 |
|
|
$ |
1,941 |
|
|
$ |
2,634 |
|
|
$ |
369 |
|
|
$ |
691 |
|
|
$ |
7,100 |
|
|
$ |
11,421 |
|
|
77.05 |
|
|
76.51 |
|
|
|
(1) |
Other programs include ineligible U.K. credit card and other consumer loans. |
|
| Impaired Financing Receivables [Table Text Block] |
The table below provides information on the Corporation’s renegotiated TDR portfolio. At December 31, 2011 and 2010, the renegotiated TDR portfolio was considered impaired and had a related allowance as shown in the table below.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Impaired Loans – Credit Card and Other Consumer – Renegotiated TDRs |
|
|
|
|
|
December 31, 2011 |
|
2011 |
(Dollars in millions) |
Unpaid
Principal
Balance
|
|
Carrying
Value (1)
|
|
Related
Allowance
|
|
Average
Carrying
Value
|
|
Interest
Income
Recognized (2)
|
With an allowance recorded |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. credit card |
$ |
5,272 |
|
|
$ |
5,305 |
|
|
$ |
1,570 |
|
|
$ |
7,211 |
|
|
$ |
433 |
|
Non-U.S. credit card |
588 |
|
|
597 |
|
|
435 |
|
|
759 |
|
|
6 |
|
Direct/Indirect consumer |
1,193 |
|
|
1,198 |
|
|
405 |
|
|
1,582 |
|
|
85 |
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2010 |
|
2010 |
With an allowance recorded |
|
|
|
|
|
|
|
|
|
U.S. credit card |
$ |
8,680 |
|
|
$ |
8,766 |
|
|
$ |
3,458 |
|
|
$ |
10,549 |
|
|
$ |
621 |
|
Non-U.S. credit card |
778 |
|
|
797 |
|
|
506 |
|
|
973 |
|
|
21 |
|
Direct/Indirect consumer |
1,846 |
|
|
1,858 |
|
|
822 |
|
|
2,126 |
|
|
111 |
|
|
|
(1) |
Includes accrued interest and fees. |
|
|
(2) |
Interest income recognized includes interest accrued and collected on the outstanding balances of accruing impaired loans as well as interest cash collections on nonaccruing impaired loans for which the ultimate collectability of principal is not uncertain. |
|
| Schedule of Renegotiated Troubled Debt Restructurings Primary Modifications |
The table below provides information on the Corporation’s primary modification programs for the renegotiated TDR portfolio for loans that were modified in TDRs during 2011.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Credit Card and Other Consumer – Renegotiated TDRs by Program Type |
|
|
|
Renegotiated TDRs Entered into During 2011 |
|
December 31, 2011 |
(Dollars in millions) |
Internal Programs |
|
External Programs |
|
Other |
|
Total |
U.S. credit card |
$ |
492 |
|
|
$ |
407 |
|
|
$ |
3 |
|
|
$ |
902 |
|
Non-U.S. credit card |
163 |
|
|
158 |
|
|
1 |
|
|
322 |
|
Direct/Indirect consumer |
112 |
|
|
87 |
|
|
— |
|
|
199 |
|
Total renegotiated TDR loans |
$ |
767 |
|
|
$ |
652 |
|
|
$ |
4 |
|
|
$ |
1,423 |
|
|
| Renegotiated Troubled Debt Restructurings By Program Type [Table Text Block] |
The table below provides information on the Corporation’s renegotiated TDR portfolio including the unpaid principal balance and carrying value of loans that were modified in TDRs during 2011, along with charge-offs that were recorded during 2011. The table also presents the average pre- and post-modification interest rate.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Credit Card and Other Consumer – Renegotiated TDRs Entered into During 2011 |
|
|
|
December 31, 2011 |
|
2011 |
(Dollars in millions) |
Unpaid Principal Balance |
|
Carrying Value (1)
|
|
Pre-modification Interest Rate |
|
Post-modification Interest Rate |
|
Net Charge-offs |
U.S. credit card |
$ |
890 |
|
|
$ |
902 |
|
|
19.04 |
% |
|
6.16 |
% |
|
$ |
44 |
|
Non-U.S. credit card |
305 |
|
|
322 |
|
|
26.32 |
|
|
1.04 |
|
|
126 |
|
Direct/Indirect consumer |
198 |
|
|
199 |
|
|
15.63 |
|
|
5.22 |
|
|
10 |
|
Total |
$ |
1,393 |
|
|
$ |
1,423 |
|
|
20.20 |
|
|
4.87 |
|
|
$ |
180 |
|
|
|
(1) |
Includes accrued interest and fees. |
|
|
Commercial Portfolio Segment [Member]
|
|
| Loans and Leases Receivable, Net of Deferred Income [Abstract] |
|
| Remaining Unpaid Principal Balance, Carrying Amount And Excluding Valuation Reserve [Table Text Block] |
e
The Commercial table below presents the December 31, 2011 unpaid principal balance and carrying value of commercial loans that were modified as TDRs during 2011, along with charge-offs that were recorded during 2011. As a result of the retrospective application of new accounting guidance on TDRs, the Corporation classified as TDRs $1.1 billion of commercial loan modifications. See Note 1 – Summary of Significant Accounting Principles for additional information.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial - TDRs Entered into During 2011 |
|
|
|
|
|
December 31, 2011 |
|
2011 |
(Dollars in millions) |
Unpaid Principal Balance |
|
Carrying Value |
|
Net Charge-offs |
U.S commercial |
$ |
1,381 |
|
|
$ |
1,211 |
|
|
$ |
74 |
|
Commercial real estate |
1,604 |
|
|
1,333 |
|
|
152 |
|
Non-U.S. commercial |
44 |
|
|
44 |
|
|
— |
|
U.S. small business commercial |
58 |
|
|
59 |
|
|
10 |
|
Total |
$ |
3,087 |
|
|
$ |
2,647 |
|
|
$ |
236 |
|
|
| Impaired Financing Receivables [Table Text Block] |
The table below presents impaired loans in the Corporation’s commercial loan portfolio at December 31, 2011 and 2010. Certain impaired commercial loans do not have a related allowance as the valuation of these impaired loans exceeded the carrying value, which is net of previously recorded charge-offs.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Impaired Loans – Commercial |
|
|
|
|
|
December 31, 2011 |
|
2011 |
(Dollars in millions) |
Unpaid
Principal
Balance
|
|
Carrying
Value
|
|
Related
Allowance
|
|
Average
Carrying
Value
|
|
Interest
Income
Recognized (1)
|
With no recorded allowance |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. commercial |
$ |
1,482 |
|
|
$ |
985 |
|
|
n/a |
|
|
$ |
774 |
|
|
$ |
7 |
|
Commercial real estate |
2,587 |
|
|
2,095 |
|
|
n/a |
|
|
1,994 |
|
|
7 |
|
Non-U.S. commercial |
216 |
|
|
101 |
|
|
n/a |
|
|
101 |
|
|
— |
|
U.S. small business commercial (2)
|
— |
|
|
— |
|
|
n/a |
|
|
— |
|
|
— |
|
With an allowance recorded |
|
|
|
|
|
|
|
|
|
U.S. commercial |
$ |
2,654 |
|
|
$ |
1,987 |
|
|
$ |
232 |
|
|
$ |
2,422 |
|
|
$ |
13 |
|
Commercial real estate |
3,329 |
|
|
2,384 |
|
|
135 |
|
|
3,309 |
|
|
19 |
|
Non-U.S. commercial |
308 |
|
|
58 |
|
|
6 |
|
|
76 |
|
|
3 |
|
U.S. small business commercial (2)
|
531 |
|
|
503 |
|
|
172 |
|
|
666 |
|
|
23 |
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. commercial |
$ |
4,136 |
|
|
$ |
2,972 |
|
|
$ |
232 |
|
|
$ |
3,196 |
|
|
$ |
20 |
|
Commercial real estate |
5,916 |
|
|
4,479 |
|
|
135 |
|
|
5,303 |
|
|
26 |
|
Non-U.S. commercial |
524 |
|
|
159 |
|
|
6 |
|
|
177 |
|
|
3 |
|
U.S. small business commercial (2)
|
531 |
|
|
503 |
|
|
172 |
|
|
666 |
|
|
23 |
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2010 |
|
2010 |
With no recorded allowance |
|
|
|
|
|
|
|
|
|
U.S. commercial |
$ |
968 |
|
|
$ |
441 |
|
|
n/a |
|
|
$ |
547 |
|
|
$ |
3 |
|
Commercial real estate |
2,655 |
|
|
1,771 |
|
|
n/a |
|
|
1,736 |
|
|
8 |
|
Non-U.S. commercial |
46 |
|
|
28 |
|
|
n/a |
|
|
9 |
|
|
— |
|
U.S. small business commercial (2)
|
— |
|
|
— |
|
|
n/a |
|
|
— |
|
|
— |
|
With an allowance recorded |
|
|
|
|
|
|
|
|
|
U.S. commercial |
$ |
3,891 |
|
|
$ |
3,193 |
|
|
$ |
336 |
|
|
$ |
3,389 |
|
|
$ |
36 |
|
Commercial real estate |
5,682 |
|
|
4,103 |
|
|
208 |
|
|
4,813 |
|
|
29 |
|
Non-U.S. commercial |
572 |
|
|
217 |
|
|
91 |
|
|
190 |
|
|
— |
|
U.S. small business commercial (2)
|
935 |
|
|
892 |
|
|
445 |
|
|
1,028 |
|
|
34 |
|
Total |
|
|
|
|
|
|
|
|
|
U.S. commercial |
$ |
4,859 |
|
|
$ |
3,634 |
|
|
$ |
336 |
|
|
$ |
3,936 |
|
|
$ |
39 |
|
Commercial real estate |
8,337 |
|
|
5,874 |
|
|
208 |
|
|
6,549 |
|
|
37 |
|
Non-U.S. commercial |
618 |
|
|
245 |
|
|
91 |
|
|
199 |
|
|
— |
|
U.S. small business commercial (2)
|
935 |
|
|
892 |
|
|
445 |
|
|
1,028 |
|
|
34 |
|
|
|
(1) |
Interest income recognized includes interest accrued and collected on the outstanding balances of accruing impaired loans as well as interest cash collections on nonaccruing impaired loans for which the ultimate collectability of principal is not uncertain. |
|
|
(2) |
Includes U.S. small business commercial renegotiated TDR loans and related allowance. |
n/a = not applicable
|