Allowance for Credit Losses - Allowance and Carrying Value by Portfolio Segment (Details) (USD $)
In Millions, unless otherwise specified |
Mar. 31, 2015
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Dec. 31, 2014
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Mar. 31, 2014
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Dec. 31, 2013
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Impaired loans and troubled debt restructurings | ||||
Allowance for loan and lease losses | $ 1,196us-gaap_FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1 | $ 1,225us-gaap_FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1 | ||
Carrying value | 28,006us-gaap_FinancingReceivableIndividuallyEvaluatedForImpairment | 28,967us-gaap_FinancingReceivableIndividuallyEvaluatedForImpairment | ||
Allowance as a percentage of carrying value | 4.27%bac_FinancingReceivableIndividuallyEvaluatedforImpairmentAllowanceasaPercentofCarryingValue | 4.23%bac_FinancingReceivableIndividuallyEvaluatedforImpairmentAllowanceasaPercentofCarryingValue | ||
Loans collectively evaluated for impairment | ||||
Allowance for loan and lease losses | 11,166us-gaap_FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment | 11,542us-gaap_FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment | ||
Carrying value | 821,945us-gaap_FinancingReceivableCollectivelyEvaluatedForImpairment | 822,974us-gaap_FinancingReceivableCollectivelyEvaluatedForImpairment | ||
Allowance as a percentage of carrying value | 1.36%bac_FinancingReceivableCollectivelyEvaluatedForImpairmentAllowanceAsPercentOfCarryingValue | 1.40%bac_FinancingReceivableCollectivelyEvaluatedForImpairmentAllowanceAsPercentOfCarryingValue | ||
Purchased credit-impaired loans | ||||
Carrying value gross of valuation allowance | 19,539us-gaap_FinancingReceivableAcquiredWithDeterioratedCreditQuality | 20,769us-gaap_FinancingReceivableAcquiredWithDeterioratedCreditQuality | ||
Valuation allowance as a percentage of carrying value | 6.73%bac_FinancingReceivableAcquiredwithDeterioratedCreditQualityAllowanceAsPercentOfCarryingValue | 7.95%bac_FinancingReceivableAcquiredwithDeterioratedCreditQualityAllowanceAsPercentOfCarryingValue | ||
Total | ||||
Allowance for loan and lease losses | 13,676us-gaap_LoansAndLeasesReceivableAllowance | 14,419us-gaap_LoansAndLeasesReceivableAllowance | 16,618us-gaap_LoansAndLeasesReceivableAllowance | 17,428us-gaap_LoansAndLeasesReceivableAllowance |
Carrying value | 869,490bac_LoansAndLeasesReceivableNetReportedAmountExcludingLoansMeasuredAtFairValue | 872,710bac_LoansAndLeasesReceivableNetReportedAmountExcludingLoansMeasuredAtFairValue | ||
Allowance as a percentage of carrying value | 1.57%bac_LoansandLeasesReceivableAllowanceAsPercentageOfCarryingValue | 1.65%bac_LoansandLeasesReceivableAllowanceAsPercentageOfCarryingValue | ||
Loans and leases, measured at fair value | 8,466us-gaap_LoansReceivableFairValueDisclosure | 8,681us-gaap_LoansReceivableFairValueDisclosure | ||
Consumer Real Estate | ||||
Impaired loans and troubled debt restructurings | ||||
Allowance for loan and lease losses |
727us-gaap_FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1 / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_ResidentialPortfolioSegmentMember |
727us-gaap_FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1 / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_ResidentialPortfolioSegmentMember |
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Carrying value |
24,991us-gaap_FinancingReceivableIndividuallyEvaluatedForImpairment / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_ResidentialPortfolioSegmentMember |
25,628us-gaap_FinancingReceivableIndividuallyEvaluatedForImpairment / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_ResidentialPortfolioSegmentMember |
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Allowance as a percentage of carrying value |
2.91%bac_FinancingReceivableIndividuallyEvaluatedforImpairmentAllowanceasaPercentofCarryingValue / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_ResidentialPortfolioSegmentMember |
2.84%bac_FinancingReceivableIndividuallyEvaluatedforImpairmentAllowanceasaPercentofCarryingValue / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_ResidentialPortfolioSegmentMember |
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Loans collectively evaluated for impairment | ||||
Allowance for loan and lease losses |
3,209us-gaap_FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_ResidentialPortfolioSegmentMember |
3,556us-gaap_FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_ResidentialPortfolioSegmentMember |
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Carrying value |
246,966us-gaap_FinancingReceivableCollectivelyEvaluatedForImpairment / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_ResidentialPortfolioSegmentMember |
255,525us-gaap_FinancingReceivableCollectivelyEvaluatedForImpairment / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_ResidentialPortfolioSegmentMember |
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Allowance as a percentage of carrying value |
1.30%bac_FinancingReceivableCollectivelyEvaluatedForImpairmentAllowanceAsPercentOfCarryingValue / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_ResidentialPortfolioSegmentMember |
1.39%bac_FinancingReceivableCollectivelyEvaluatedForImpairmentAllowanceAsPercentOfCarryingValue / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_ResidentialPortfolioSegmentMember |
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Purchased credit-impaired loans | ||||
Valuation allowance |
1,314us-gaap_FinancingReceivableAllowanceForCreditLossesAcquiredWithDeterioratedCreditQuality / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_ResidentialPortfolioSegmentMember |
1,652us-gaap_FinancingReceivableAllowanceForCreditLossesAcquiredWithDeterioratedCreditQuality / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_ResidentialPortfolioSegmentMember |
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Carrying value gross of valuation allowance |
19,539us-gaap_FinancingReceivableAcquiredWithDeterioratedCreditQuality / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_ResidentialPortfolioSegmentMember |
20,769us-gaap_FinancingReceivableAcquiredWithDeterioratedCreditQuality / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_ResidentialPortfolioSegmentMember |
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Valuation allowance as a percentage of carrying value |
6.73%bac_FinancingReceivableAcquiredwithDeterioratedCreditQualityAllowanceAsPercentOfCarryingValue / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_ResidentialPortfolioSegmentMember |
7.95%bac_FinancingReceivableAcquiredwithDeterioratedCreditQualityAllowanceAsPercentOfCarryingValue / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_ResidentialPortfolioSegmentMember |
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Total | ||||
Allowance for loan and lease losses |
5,250us-gaap_LoansAndLeasesReceivableAllowance / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_ResidentialPortfolioSegmentMember |
5,935us-gaap_LoansAndLeasesReceivableAllowance / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_ResidentialPortfolioSegmentMember |
7,556us-gaap_LoansAndLeasesReceivableAllowance / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_ResidentialPortfolioSegmentMember |
8,518us-gaap_LoansAndLeasesReceivableAllowance / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_ResidentialPortfolioSegmentMember |
Carrying value |
291,496bac_LoansAndLeasesReceivableNetReportedAmountExcludingLoansMeasuredAtFairValue / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_ResidentialPortfolioSegmentMember |
301,922bac_LoansAndLeasesReceivableNetReportedAmountExcludingLoansMeasuredAtFairValue / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_ResidentialPortfolioSegmentMember |
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Allowance as a percentage of carrying value |
1.80%bac_LoansandLeasesReceivableAllowanceAsPercentageOfCarryingValue / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_ResidentialPortfolioSegmentMember |
1.97%bac_LoansandLeasesReceivableAllowanceAsPercentageOfCarryingValue / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_ResidentialPortfolioSegmentMember |
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Loans and leases, measured at fair value |
2,100us-gaap_LoansReceivableFairValueDisclosure / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_ResidentialPortfolioSegmentMember |
2,100us-gaap_LoansReceivableFairValueDisclosure / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_ResidentialPortfolioSegmentMember |
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Credit card and other consumer | ||||
Impaired loans and troubled debt restructurings | ||||
Allowance for loan and lease losses |
314us-gaap_FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1 / bac_FinancingReceivablePortfolioSegmentAxis = bac_CreditCardandOtherConsumerPortfolioSegmentMember |
339us-gaap_FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1 / bac_FinancingReceivablePortfolioSegmentAxis = bac_CreditCardandOtherConsumerPortfolioSegmentMember |
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Carrying value |
1,020us-gaap_FinancingReceivableIndividuallyEvaluatedForImpairment / bac_FinancingReceivablePortfolioSegmentAxis = bac_CreditCardandOtherConsumerPortfolioSegmentMember |
1,141us-gaap_FinancingReceivableIndividuallyEvaluatedForImpairment / bac_FinancingReceivablePortfolioSegmentAxis = bac_CreditCardandOtherConsumerPortfolioSegmentMember |
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Allowance as a percentage of carrying value |
30.78%bac_FinancingReceivableIndividuallyEvaluatedforImpairmentAllowanceasaPercentofCarryingValue / bac_FinancingReceivablePortfolioSegmentAxis = bac_CreditCardandOtherConsumerPortfolioSegmentMember |
29.71%bac_FinancingReceivableIndividuallyEvaluatedforImpairmentAllowanceasaPercentofCarryingValue / bac_FinancingReceivablePortfolioSegmentAxis = bac_CreditCardandOtherConsumerPortfolioSegmentMember |
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Loans collectively evaluated for impairment | ||||
Allowance for loan and lease losses |
3,615us-gaap_FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment / bac_FinancingReceivablePortfolioSegmentAxis = bac_CreditCardandOtherConsumerPortfolioSegmentMember |
3,708us-gaap_FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment / bac_FinancingReceivablePortfolioSegmentAxis = bac_CreditCardandOtherConsumerPortfolioSegmentMember |
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Carrying value |
179,911us-gaap_FinancingReceivableCollectivelyEvaluatedForImpairment / bac_FinancingReceivablePortfolioSegmentAxis = bac_CreditCardandOtherConsumerPortfolioSegmentMember |
183,430us-gaap_FinancingReceivableCollectivelyEvaluatedForImpairment / bac_FinancingReceivablePortfolioSegmentAxis = bac_CreditCardandOtherConsumerPortfolioSegmentMember |
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Allowance as a percentage of carrying value |
2.01%bac_FinancingReceivableCollectivelyEvaluatedForImpairmentAllowanceAsPercentOfCarryingValue / bac_FinancingReceivablePortfolioSegmentAxis = bac_CreditCardandOtherConsumerPortfolioSegmentMember |
2.02%bac_FinancingReceivableCollectivelyEvaluatedForImpairmentAllowanceAsPercentOfCarryingValue / bac_FinancingReceivablePortfolioSegmentAxis = bac_CreditCardandOtherConsumerPortfolioSegmentMember |
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Total | ||||
Allowance for loan and lease losses |
3,929us-gaap_LoansAndLeasesReceivableAllowance / bac_FinancingReceivablePortfolioSegmentAxis = bac_CreditCardandOtherConsumerPortfolioSegmentMember |
4,047us-gaap_LoansAndLeasesReceivableAllowance / bac_FinancingReceivablePortfolioSegmentAxis = bac_CreditCardandOtherConsumerPortfolioSegmentMember |
4,775us-gaap_LoansAndLeasesReceivableAllowance / bac_FinancingReceivablePortfolioSegmentAxis = bac_CreditCardandOtherConsumerPortfolioSegmentMember |
4,905us-gaap_LoansAndLeasesReceivableAllowance / bac_FinancingReceivablePortfolioSegmentAxis = bac_CreditCardandOtherConsumerPortfolioSegmentMember |
Carrying value |
180,931bac_LoansAndLeasesReceivableNetReportedAmountExcludingLoansMeasuredAtFairValue / bac_FinancingReceivablePortfolioSegmentAxis = bac_CreditCardandOtherConsumerPortfolioSegmentMember |
184,571bac_LoansAndLeasesReceivableNetReportedAmountExcludingLoansMeasuredAtFairValue / bac_FinancingReceivablePortfolioSegmentAxis = bac_CreditCardandOtherConsumerPortfolioSegmentMember |
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Allowance as a percentage of carrying value |
2.17%bac_LoansandLeasesReceivableAllowanceAsPercentageOfCarryingValue / bac_FinancingReceivablePortfolioSegmentAxis = bac_CreditCardandOtherConsumerPortfolioSegmentMember |
2.19%bac_LoansandLeasesReceivableAllowanceAsPercentageOfCarryingValue / bac_FinancingReceivablePortfolioSegmentAxis = bac_CreditCardandOtherConsumerPortfolioSegmentMember |
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Commercial | ||||
Impaired loans and troubled debt restructurings | ||||
Allowance for loan and lease losses |
155us-gaap_FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1 / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_CommercialPortfolioSegmentMember |
159us-gaap_FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1 / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_CommercialPortfolioSegmentMember |
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Carrying value |
1,995us-gaap_FinancingReceivableIndividuallyEvaluatedForImpairment / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_CommercialPortfolioSegmentMember |
2,198us-gaap_FinancingReceivableIndividuallyEvaluatedForImpairment / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_CommercialPortfolioSegmentMember |
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Allowance as a percentage of carrying value |
7.77%bac_FinancingReceivableIndividuallyEvaluatedforImpairmentAllowanceasaPercentofCarryingValue / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_CommercialPortfolioSegmentMember |
7.23%bac_FinancingReceivableIndividuallyEvaluatedforImpairmentAllowanceasaPercentofCarryingValue / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_CommercialPortfolioSegmentMember |
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Loans collectively evaluated for impairment | ||||
Allowance for loan and lease losses |
4,342us-gaap_FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_CommercialPortfolioSegmentMember |
4,278us-gaap_FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_CommercialPortfolioSegmentMember |
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Carrying value |
395,068us-gaap_FinancingReceivableCollectivelyEvaluatedForImpairment / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_CommercialPortfolioSegmentMember |
384,019us-gaap_FinancingReceivableCollectivelyEvaluatedForImpairment / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_CommercialPortfolioSegmentMember |
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Allowance as a percentage of carrying value |
1.10%bac_FinancingReceivableCollectivelyEvaluatedForImpairmentAllowanceAsPercentOfCarryingValue / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_CommercialPortfolioSegmentMember |
1.11%bac_FinancingReceivableCollectivelyEvaluatedForImpairmentAllowanceAsPercentOfCarryingValue / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_CommercialPortfolioSegmentMember |
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Total | ||||
Allowance for loan and lease losses |
4,497us-gaap_LoansAndLeasesReceivableAllowance / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_CommercialPortfolioSegmentMember |
4,437us-gaap_LoansAndLeasesReceivableAllowance / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_CommercialPortfolioSegmentMember |
4,287us-gaap_LoansAndLeasesReceivableAllowance / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_CommercialPortfolioSegmentMember |
4,005us-gaap_LoansAndLeasesReceivableAllowance / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_CommercialPortfolioSegmentMember |
Carrying value |
397,063bac_LoansAndLeasesReceivableNetReportedAmountExcludingLoansMeasuredAtFairValue / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_CommercialPortfolioSegmentMember |
386,217bac_LoansAndLeasesReceivableNetReportedAmountExcludingLoansMeasuredAtFairValue / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_CommercialPortfolioSegmentMember |
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Allowance as a percentage of carrying value |
1.13%bac_LoansandLeasesReceivableAllowanceAsPercentageOfCarryingValue / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_CommercialPortfolioSegmentMember |
1.15%bac_LoansandLeasesReceivableAllowanceAsPercentageOfCarryingValue / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_CommercialPortfolioSegmentMember |
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Loans and leases, measured at fair value |
6,411us-gaap_LoansReceivableFairValueDisclosure / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_CommercialPortfolioSegmentMember |
6,604us-gaap_LoansReceivableFairValueDisclosure / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_CommercialPortfolioSegmentMember |
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Commercial | United States | ||||
Total | ||||
Loans and leases, measured at fair value |
2,000us-gaap_LoansReceivableFairValueDisclosure / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_CommercialPortfolioSegmentMember / us-gaap_StatementGeographicalAxis = country_US |
1,900us-gaap_LoansReceivableFairValueDisclosure / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_CommercialPortfolioSegmentMember / us-gaap_StatementGeographicalAxis = country_US |
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Small Business Commercial Loan | United States | ||||
Total | ||||
Allowance for loan and lease losses |
$ 35us-gaap_LoansAndLeasesReceivableAllowance / us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis = bac_SmallBusinessCommercialLoanMember / us-gaap_StatementGeographicalAxis = country_US |
$ 35us-gaap_LoansAndLeasesReceivableAllowance / us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis = bac_SmallBusinessCommercialLoanMember / us-gaap_StatementGeographicalAxis = country_US |
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- Definition
Financing Receivable, Acquired with Deteriorated Credit Quality, Allowance As Percent Of Carrying Value No definition available.
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Financing Receivable, Collectively Evaluated For Impairment, Allowance As Percent Of Carrying Value No definition available.
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- Definition
Financing Receivable, Individually Evaluated for Impairment, Allowance as a Percent of Carrying Value No definition available.
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- Definition
Allowance as percentage of outstanding loans and leases. No definition available.
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- Definition
Loans and leases receivable net reported amount excluding loans measured at fair value. No definition available.
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- Definition
The balance of financing receivables that were acquired with deteriorated credit quality. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The valuation allowance for financing receivables acquired with deteriorated credit quality. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The valuation allowance for financing receivables that are expected to be uncollectible that were collectively evaluated for impairment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of valuation allowance for financing receivables that are expected to be uncollectible that were individually evaluated for impairment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The balance of financing receivables that were collectively evaluated for impairment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The balance of financing receivables that were individually evaluated for impairment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of allowance to cover probable credit losses on loans and leases. Includes carryover of or adjustments to the allowance for loan losses in connection with business combinations. Excludes allowance for loans and leases covered under loss sharing agreements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Fair value portion of loan receivable, including, but not limited to, mortgage loans held for investment, finance receivables held for investment, policy loans on insurance contracts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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