Bank of America Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Outstanding Loans and Leases (Tables)

Outstanding Loans and Leases (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of Loans and Leases Outstanding

The following tables present total outstanding loans and leases and an aging analysis for the Consumer Real Estate, Credit Card and Other Consumer, and Commercial portfolio segments, by class of financing receivables, at December 31, 2019 and 2018.




	30-59 Days Past Due ⁽¹⁾			60-89 Days Past Due ⁽¹⁾			90 Days or More Past Due ⁽²⁾			Total Past Due 30 Days or More			Total Current or Less Than 30 Days Past Due ⁽³⁾			Loans Accounted for Under the Fair Value Option			Total Outstandings
(Dollars in millions)	December 31, 2019
Consumer real estate
Core portfolio
Residential mortgage	$	1,378		$	261		$	565		$	2,204		$	223,566					$	225,770
Home equity	135			70			198			403			34,823						35,226
Non-core portfolio
Residential mortgage	458			209			1,263			1,930			8,469						10,399
Home equity	34			16			72			122			4,860						4,982
Credit card and other consumer
Credit card	564			429			1,042			2,035			95,573						97,608
Direct/Indirect consumer ⁽⁴⁾	297			85			35			417			90,581						90,998
Other consumer	—			—			—			—			192						192
Total consumer	2,866			1,070			3,175			7,111			458,064						465,175
Consumer loans accounted for under the fair value option ⁽⁵⁾																$	594		594
Total consumer loans and leases	2,866			1,070			3,175			7,111			458,064			594			465,769
Commercial
U.S. commercial	788			279			371			1,438			305,610						307,048
Non-U.S. commercial	35			23			8			66			104,900						104,966
Commercial real estate ⁽⁶⁾	144			19			119			282			62,407						62,689
Commercial lease financing	100			56			39			195			19,685						19,880
U.S. small business commercial	119			56			107			282			15,051						15,333
Total commercial	1,186			433			644			2,263			507,653						509,916
Commercial loans accounted for under the fair value option ⁽⁵⁾																7,741			7,741
Total commercial loans and leases	1,186			433			644			2,263			507,653			7,741			517,657
Total loans and leases ⁽⁷⁾	$	4,052		$	1,503		$	3,819		$	9,374		$	965,717		$	8,335		$	983,426
Percentage of outstandings	0.41		%	0.15		%	0.39		%	0.95		%	98.20		%	0.85		%	100.00		%


⁽¹⁾	Consumer real estate loans 30-59 days past due includes fully-insured loans of $517 million and nonperforming loans of $139 million. Consumer real estate loans 60-89 days past due includes fully-insured loans of $206 million and nonperforming loans of $114 million.


⁽²⁾	Consumer real estate includes fully-insured loans of $1.1 billion.


⁽³⁾	Consumer real estate includes $856 million and direct/indirect consumer includes $45 million of nonperforming loans.


⁽⁴⁾	Total outstandings primarily includes auto and specialty lending loans and leases of $50.4 billion, U.S. securities-based lending loans of $36.7 billion and non-U.S. consumer loans of $2.8 billion.


⁽⁵⁾	Consumer loans accounted for under the fair value option includes residential mortgage loans of $257 million and home equity loans of $337 million. Commercial loans accounted for under the fair value option includes U.S. commercial loans of $4.7 billion and non-U.S. commercial loans of $3.1 billion. For more information, see Note 21 – Fair Value Measurements and Note 22 – Fair Value Option.


⁽⁶⁾	Total outstandings includes U.S. commercial real estate loans of $59.0 billion and non-U.S. commercial real estate loans of $3.7 billion.


⁽⁷⁾	Total outstandings includes loans and leases pledged as collateral of $25.9 billion. The Corporation also pledged $168.2 billion of loans with no related outstanding borrowings to secure potential borrowing capacity with the Federal Reserve Bank and Federal Home Loan Bank.




	30-59 Days Past Due ⁽¹⁾			60-89 Days Past Due ⁽¹⁾			90 Days or More Past Due ⁽²⁾			Total Past Due 30 Days or More			Total Current or Less Than 30 Days Past Due ⁽³⁾			Loans Accounted for Under the Fair Value Option			Total Outstandings
(Dollars in millions)	December 31, 2018
Consumer real estate
Core portfolio
Residential mortgage	$	1,188		$	249		$	793		$	2,230		$	191,465					$	193,695
Home equity	200			85			387			672			39,338						40,010
Non-core portfolio
Residential mortgage	757			309			2,201			3,267			11,595						14,862
Home equity	139			69			339			547			7,729						8,276
Credit card and other consumer
Credit card	577			418			994			1,989			96,349						98,338
Direct/Indirect consumer ⁽⁴⁾	317			90			40			447			90,719						91,166
Other consumer ⁽⁵⁾	—			—			—			—			202						202
Total consumer	3,178			1,220			4,754			9,152			437,397						446,549
Consumer loans accounted for under the fair value option ⁽⁶⁾																$	682		682
Total consumer loans and leases	3,178			1,220			4,754			9,152			437,397			682			447,231
Commercial
U.S. commercial	594			232			573			1,399			297,878						299,277
Non-U.S. commercial	1			49			—			50			98,726						98,776
Commercial real estate ⁽⁷⁾	29			16			14			59			60,786						60,845
Commercial lease financing	124			114			37			275			22,259						22,534
U.S. small business commercial	83			54			96			233			14,332						14,565
Total commercial	831			465			720			2,016			493,981						495,997
Commercial loans accounted for under the fair value option ⁽⁶⁾																3,667			3,667
Total commercial loans and leases	831			465			720			2,016			493,981			3,667			499,664
Total loans and leases ⁽⁸⁾	$	4,009		$	1,685		$	5,474		$	11,168		$	931,378		$	4,349		$	946,895
Percentage of outstandings	0.42		%	0.18		%	0.58		%	1.18		%	98.36		%	0.46		%	100.00		%


⁽¹⁾	Consumer real estate loans 30-59 days past due includes fully-insured loans of $637 million and nonperforming loans of $217 million. Consumer real estate loans 60-89 days past due includes fully-insured loans of $269 million and nonperforming loans of $146 million.


⁽²⁾	Consumer real estate includes fully-insured loans of $1.9 billion.


⁽³⁾	Consumer real estate includes $1.8 billion and direct/indirect consumer includes $53 million of nonperforming loans.


⁽⁴⁾	Total outstandings primarily includes auto and specialty lending loans and leases of $50.1 billion, U.S. securities-based lending loans of $37.0 billion and non-U.S. consumer loans of $2.9 billion.


⁽⁵⁾	Substantially all of other consumer is consumer overdrafts.


⁽⁶⁾	Consumer loans accounted for under the fair value option includes residential mortgage loans of $336 million and home equity loans of $346 million. Commercial loans accounted for under the fair value option includes U.S. commercial loans of $2.5 billion and non-U.S. commercial loans of $1.1 billion. For more information, see Note 21 – Fair Value Measurements and Note 22 – Fair Value Option.


⁽⁷⁾	Total outstandings includes U.S. commercial real estate loans of $56.6 billion and non-U.S. commercial real estate loans of $4.2 billion.

⁽⁸⁾

Total outstandings includes loans and leases pledged as collateral of $36.7 billion. The Corporation also pledged $166.1 billion of loans with no related outstanding borrowings to secure potential borrowing capacity with the Federal Reserve Bank and Federal Home Loan Bank.

Schedule of Financing Receivables, Non Accrual Status

The table below presents the Corporation’s nonperforming loans and leases including nonperforming TDRs, and loans accruing past due 90 days or more at December 31, 2019 and 2018. Nonperforming LHFS are excluded from nonperforming loans and leases as they are recorded at either fair value or the lower of cost or fair value. For more information on the criteria for classification as nonperforming, see Note 1 – Summary of Significant Accounting Principles.




Credit Quality

	Nonperforming Loans and Leases				Accruing Past Due 90 Days or More
	December 31
(Dollars in millions)	2019		2018		2019		2018
Consumer real estate
Core portfolio
Residential mortgage ⁽¹⁾	$	883	$	1,010	$	176	$	274
Home equity	363		955		—		—
Non-core portfolio
Residential mortgage⁽¹⁾	587		883		912		1,610
Home equity	173		938		—		—
Credit card and other consumer
Credit card	n/a		n/a		1,042		994
Direct/Indirect consumer	47		56		33		38
Total consumer	2,053		3,842		2,163		2,916
Commercial
U.S. commercial	1,094		794		106		197
Non-U.S. commercial	43		80		8		—
Commercial real estate	280		156		19		4
Commercial lease financing	32		18		20		29
U.S. small business commercial	50		54		97		84
Total commercial	1,499		1,102		250		314
Total loans and leases	$	3,552	$	4,944	$	2,413	$	3,230

⁽¹⁾

Residential mortgage loans in the core and non-core portfolios accruing past due 90 days or more are fully-insured loans. At December 31, 2019 and 2018, residential mortgage includes $740 million and $1.4 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 $348 million and $498 million of loans on which interest is still accruing.

n/a = not applicable

Financing Receivable Credit Quality Indicators

The following tables present certain credit quality indicators for the Corporation's Consumer Real Estate, Credit Card and Other Consumer, and Commercial portfolio segments, by class of financing receivables, at December 31, 2019 and 2018.




Consumer Real Estate – Credit Quality Indicators ⁽¹⁾

	Core Residential Mortgage		Non-core Residential Mortgage		Core Home Equity		Non-core Home Equity		Core Residential Mortgage		Non-core Residential Mortgage		Core Home Equity		Non-core Home Equity
(Dollars in millions)	December 31, 2019								December 31, 2018
Refreshed LTV
Less than or equal to 90 percent	$	205,357	$	7,433	$	34,733	$	4,127	$	173,911	$	10,272	$	39,246	$	6,478
Greater than 90 percent but less than or equal to 100 percent	3,100		273		226		348		2,349		533		354		715
Greater than 100 percent	1,049		267		267		507		817		545		410		1,083
Fully-insured loans ⁽²⁾	16,264		2,426						16,618		3,512
Total consumer real estate	$	225,770	$	10,399	$	35,226	$	4,982	$	193,695	$	14,862	$	40,010	$	8,276
Refreshed FICO score
Less than 620	$	2,127	$	1,230	$	751	$	541	$	2,125	$	1,974	$	1,064	$	1,503
Greater than or equal to 620 and less than 680	4,821		1,053		1,550		800		4,538		1,719		2,008		1,720
Greater than or equal to 680 and less than 740	26,905		1,981		6,025		1,412		23,841		3,042		7,008		2,188
Greater than or equal to 740	175,653		3,709		26,900		2,229		146,573		4,615		29,930		2,865
Fully-insured loans ⁽²⁾	16,264		2,426						16,618		3,512
Total consumer real estate	$	225,770	$	10,399	$	35,226	$	4,982	$	193,695	$	14,862	$	40,010	$	8,276


⁽¹⁾	Excludes $594 million and $682 million of loans accounted for under the fair value option at December 31, 2019 and 2018.


⁽²⁾	Credit quality indicators are not reported for fully-insured loans as principal repayment is insured.




Credit Card and Other Consumer – Credit Quality Indicators

	Credit Card		Direct/Indirect Consumer		Other Consumer		Credit Card		Direct/Indirect Consumer		Other Consumer
(Dollars in millions)	December 31, 2019						December 31, 2018
Refreshed FICO score
Less than 620	$	5,179	$	1,720			$	5,016	$	1,719
Greater than or equal to 620 and less than 680	12,277		2,734				12,415		3,124
Greater than or equal to 680 and less than 740	35,301		8,460				35,781		8,921
Greater than or equal to 740	44,851		37,825				45,126		36,709
Other internal credit metrics ^{(1, 2)}			40,259		$	192			40,693		$	202
Total credit card and other consumer	$	97,608	$	90,998	$	192	$	98,338	$	91,166	$	202


⁽¹⁾	Other internal credit metrics may include delinquency status, geography or other factors.


⁽²⁾	Direct/indirect consumer includes $39.6 billion and $39.9 billion of securities-based lending which is overcollateralized and therefore has minimal credit risk at December 31, 2019 and 2018.




Commercial – Credit Quality Indicators ⁽¹⁾

	U.S. Commercial		Non-U.S. Commercial		Commercial Real Estate		Commercial Lease Financing		U.S. Small Business Commercial ⁽²⁾
(Dollars in millions)	December 31, 2019
Risk ratings
Pass rated	$	299,380	$	104,051	$	61,598	$	19,551	$	231
Reservable criticized	7,668		915		1,091		329		18
Refreshed FICO score
Less than 620									308
Greater than or equal to 620 and less than 680									756
Greater than or equal to 680 and less than 740									2,267
Greater than or equal to 740									4,607
Other internal credit metrics ⁽³⁾									7,146
Total commercial	$	307,048	$	104,966	$	62,689	$	19,880	$	15,333

	December 31, 2018
Risk ratings
Pass rated	$	291,918	$	97,916	$	59,910	$	22,168	$	389
Reservable criticized	7,359		860		935		366		29
Refreshed FICO score
Less than 620									264
Greater than or equal to 620 and less than 680									684
Greater than or equal to 680 and less than 740									2,072
Greater than or equal to 740									4,254
Other internal credit metrics ⁽³⁾									6,873
Total commercial	$	299,277	$	98,776	$	60,845	$	22,534	$	14,565


⁽¹⁾	Excludes $7.7 billion and $3.7 billion of loans accounted for under the fair value option at December 31, 2019 and 2018.

⁽²⁾

At December 31, 2019 and 2018, U.S. small business commercial includes $715 million and $731 million of criticized business card and small business loans which are evaluated using refreshed FICO scores or internal credit metrics, including delinquency status, rather than risk ratings. Refreshed FICO score and other internal credit metrics are applicable only to the U.S. small business commercial portfolio.

⁽³⁾

Other internal credit metrics may include delinquency status, application scores, geography or other factors. At both December 31, 2019 and 2018, 99 percent of the balances where internal credit metrics are used were current or less than 30 days past due.

Consumer real estate

Financing Receivable, Impaired [Line Items]

Impaired Financing Receivables

The following table provides the unpaid principal balance, carrying value and related allowance at December 31, 2019 and 2018 and the average carrying value and interest income recognized in 2019, 2018 and 2017 for impaired loans in the Corporation’s Consumer Real Estate portfolio segment. Certain impaired consumer real estate loans do not have a related allowance as the current valuation of these impaired loans exceeded the carrying value, which is net of previously recorded charge-offs.




Impaired Loans – Consumer Real Estate

	Unpaid Principal Balance		Carrying Value		Related Allowance		Unpaid Principal Balance		Carrying Value		Related Allowance
(Dollars in millions)	December 31, 2019						December 31, 2018
With no recorded allowance
Residential mortgage	$	4,224	$	3,354	$	—	$	5,396	$	4,268	$	—
Home equity	1,176		706		—		2,948		1,599		—
With an allowance recorded
Residential mortgage	$	1,426	$	1,399	$	70	$	1,977	$	1,929	$	114
Home equity	543		523		69		812		760		144
Total
Residential mortgage	$	5,650	$	4,753	$	70	$	7,373	$	6,197	$	114
Home equity	1,719		1,229		69		3,760		2,359		144

	Average Carrying Value		Interest Income Recognized ⁽¹⁾		Average Carrying Value		Interest Income Recognized ⁽¹⁾		Average Carrying Value		Interest Income Recognized ⁽¹⁾
	2019				2018				2017
With no recorded allowance
Residential mortgage	$	3,831	$	155	$	5,424	$	207	$	7,737	$	311
Home equity	1,221		76		1,894		105		1,997		109
With an allowance recorded
Residential mortgage	$	1,635	$	62	$	2,409	$	91	$	3,414	$	123
Home equity	637		22		861		25		858		24
Total
Residential mortgage	$	5,466	$	217	$	7,833	$	298	$	11,151	$	434
Home equity	1,858		98		2,755		130		2,855		133

⁽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 principal is considered collectible.

Financing Receivable, Troubled Debt Restructuring [Line Items]

Troubled Debt Restructurings on Financing Receivables

The table below presents the December 31, 2019, 2018 and 2017 unpaid principal balance, carrying value, and average pre- and post-modification interest rates of consumer real estate loans that were modified in TDRs during 2019, 2018 and 2017. The following Consumer Real Estate portfolio segment tables include loans that were initially classified as TDRs during the period and also loans that had previously been classified as TDRs and were modified again during the period.




Consumer Real Estate – TDRs Entered into During 2019, 2018 and 2017

	Unpaid Principal Balance		Carrying Value		Pre-Modification Interest Rate		Post-Modification Interest Rate ⁽¹⁾
(Dollars in millions)	December 31, 2019
Residential mortgage	$	464	$	377	4.19	%	4.13	%
Home equity	141		101		5.04		4.31
Total	$	605	$	478	4.39		4.17

	December 31, 2018
Residential mortgage	$	774	$	641	4.33	%	4.21	%
Home equity	489		358		4.46		3.74
Total	$	1,263	$	999	4.38		4.03

	December 31, 2017
Residential mortgage	$	824	$	712	4.43	%	4.16	%
Home equity	764		590		4.22		3.49
Total	$	1,588	$	1,302	4.33		3.83


⁽¹⁾	The post-modification interest rate reflects the interest rate applicable only to permanently completed modifications, which exclude loans that are in a trial modification period.

The table below presents the December 31, 2019, 2018 and 2017 carrying value for consumer real estate loans that were modified in a TDR during 2019, 2018 and 2017, by type of modification.




Consumer Real Estate – Modification Programs

	TDRs Entered into During
(Dollars in millions)	2019		2018		2017
Modifications under government programs ⁽¹⁾	$	35	$	61	$	85
Modifications under proprietary programs ⁽¹⁾	174		523		437
Loans discharged in Chapter 7 bankruptcy ⁽²⁾	68		130		211
Trial modifications	201		285		569
Total modifications	$	478	$	999	$	1,302


⁽¹⁾	Includes other modifications such as term or payment extensions and repayment plans. During 2018, this included $198 million of modifications that met the definition of a TDR related to the 2017 hurricanes; there were no such modifications in 2019 or 2017. These modifications were written down to their net realizable value less costs to sell or were fully insured as of December 31, 2018.


⁽²⁾	Includes loans discharged in Chapter 7 bankruptcy with no change in repayment terms that are classified as TDRs.

The table below presents the carrying value of consumer real estate loans that entered into payment default during 2019, 2018 and 2017 that were modified in a TDR during the 12 months preceding payment default. A payment default for consumer real estate TDRs is recognized when a borrower has missed three monthly payments (not necessarily consecutively) since modification.




Consumer Real Estate – TDRs Entering Payment Default that were Modified During the Preceding 12 Months

(Dollars in millions)	2019		2018		2017
Modifications under government programs	$	26	$	39	$	81
Modifications under proprietary programs	88		158		138
Loans discharged in Chapter 7 bankruptcy ⁽¹⁾	30		64		116
Trial modifications ⁽²⁾	57		107		391
Total modifications	$	201	$	368	$	726


⁽¹⁾	Includes loans discharged in Chapter 7 bankruptcy with no change in repayment terms that are classified as TDRs.

⁽²⁾

Includes trial modification offers to which the customer did not respond.

Credit card and other consumer

Financing Receivable, Impaired [Line Items]

Impaired Financing Receivables

The following table provides the unpaid principal balance, carrying value and related allowance at December 31, 2019 and 2018 and the average carrying value for 2019, 2018 and 2017 on TDRs within the Credit Card and Other Consumer portfolio segment.




Impaired Loans – Credit Card and Other Consumer

	Unpaid Principal Balance		Carrying Value ⁽¹⁾		Related Allowance		Unpaid Principal Balance		Carrying Value ⁽¹⁾		Related Allowance
	Unpaid Principal Balance		Carrying Value ⁽¹⁾		Related Allowance		Unpaid Principal Balance		Carrying Value ⁽¹⁾		Related Allowance		Average Carrying Value ⁽²⁾
(Dollars in millions)	December 31, 2019						December 31, 2018						2019		2018		2017
With no recorded allowance
Direct/Indirect consumer	$	73	$	32	$	—	$	72	$	33	$	—	$	33	$	30	$	21
With an allowance recorded
Credit card ⁽³⁾	$	633	$	647	$	188	$	522	$	533	$	154	$	594	$	491	$	511


⁽¹⁾	Includes accrued interest and fees.


⁽²⁾	The related interest income recognized, which 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 principal was considered collectible, was not significant in 2019, 2018 and 2017.

⁽³⁾

The average carrying value in 2017 includes $47 million related to the non-U.S. credit card portfolio, which was sold in the second quarter of 2017.

Financing Receivable, Troubled Debt Restructuring [Line Items]

Troubled Debt Restructurings on Financing Receivables

The table below provides information on the Corporation’s Credit Card and Other Consumer TDR portfolio including the December 31, 2019, 2018 and 2017 unpaid principal balance, carrying value, and average pre- and post-modification interest rates of loans that were modified in TDRs during 2019, 2018 and 2017.




Credit Card and Other Consumer – TDRs Entered into During 2019, 2018 and 2017

	Unpaid Principal Balance		Carrying Value ⁽¹⁾		Pre-Modification Interest Rate		Post-Modification Interest Rate
(Dollars in millions)	December 31, 2019
Credit card	$	340	$	355	19.18	%	5.35	%
Direct/Indirect consumer	40		21		5.23		5.21
Total	$	380	$	376	18.42		5.34

	December 31, 2018
Credit card	$	278	$	292	19.49	%	5.24	%
Direct/Indirect consumer	42		23		5.10		4.95
Total	$	320	$	315	18.45		5.22

	December 31, 2017
Credit card	$	203	$	213	18.47	%	5.32	%
Non-U.S. credit card	37		22		4.81		4.30
Total	$	240	$	235	17.17		5.22

⁽¹⁾

Includes accrued interest and fees.

The table below provides information on the Corporation’s primary modification programs for the Credit Card and Other Consumer TDR portfolio at December 31, 2019 and 2018.




Credit Card and Other Consumer – TDRs by Program Type at December 31

	Credit Card						Direct/Indirect Consumer						Total TDRs by Program Type
(Dollars in millions)	2019			2018			2019			2018			2019			2018
Internal programs	$	339		$	259		$	—		$	—		$	339		$	259
External programs	308			273			—			—			308			273
Other	—			1			32			33			32			34
Total	$	647		$	533		$	32		$	33		$	679		$	566
Percent of balances current or less than 30 days past due	85		%	85		%	78		%	81		%	84		%	85		%

Commercial Portfolio Segment

Financing Receivable, Impaired [Line Items]

Impaired Financing Receivables

The table below provides information on impaired loans in the Commercial loan portfolio segment including the unpaid principal balance, carrying value and related allowance at December 31, 2019 and 2018, and the average carrying value for 2019, 2018 and 2017. Certain impaired commercial loans do not have a related allowance because the valuation of these impaired loans exceeded the carrying value, which is net of previously recorded charge-offs.




Impaired Loans – Commercial

	Unpaid Principal Balance		Carrying Value		Related Allowance		Unpaid Principal Balance		Carrying Value		Related Allowance
	Unpaid Principal Balance		Carrying Value		Related Allowance		Unpaid Principal Balance		Carrying Value		Related Allowance		Average Carrying Value ⁽¹⁾
(Dollars in millions)	December 31, 2019						December 31, 2018						2019		2018		2017
With no recorded allowance
U.S. commercial	$	534	$	520	$	—	$	638	$	616	$	—	$	635	$	655	$	772
Non-U.S. commercial	123		123		—		93		93		—		79		43		46
Commercial real estate	67		58		—		—		—		—		96		44		69
Commercial lease financing	12		12		—		—		—		—		5		3		—
With an allowance recorded
U.S. commercial	$	1,776	$	1,574	$	216	$	1,437	$	1,270	$	121	$	1,316	$	1,162	$	1,260
Non-U.S. commercial	113		113		9		155		149		30		218		327		463
Commercial real estate	322		236		64		247		162		16		149		46		73
Commercial lease financing	57		51		1		71		71		—		73		42		8
U.S. small business commercial ⁽²⁾	91		77		30		83		72		29		75		73		73
Total
U.S. commercial	$	2,310	$	2,094	$	216	$	2,075	$	1,886	$	121	$	1,951	$	1,817	$	2,032
Non-U.S. commercial	236		236		9		248		242		30		297		370		509
Commercial real estate	389		294		64		247		162		16		245		90		142
Commercial lease financing	69		63		1		71		71		—		78		45		8
U.S. small business commercial ⁽²⁾	91		77		30		83		72		29		75		73		73


⁽¹⁾	The related interest income recognized, which 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 principal was considered collectible, was not significant in 2019, 2018 and 2017.

⁽²⁾

Includes U.S. small business commercial renegotiated TDR loans and related allowance.