Ally Bank 2011 Annual Report Download - page 160

Table of Contents
Notes to Consolidated Financial Statements
Ally Financial Inc. • Form 10−K
The following table presents information about finance receivables and loans recorded at historical cost that have redefaulted during the reporting
period and were within 12 months or less of being modified as a troubled debt restructuring. Redefault is when finance receivables and loans meet the
requirements for evaluation under our charge−off policy (Refer to Note 1 for additional information) except for commercial finance receivables and loans
where default is defined as 90 days past due.
Year ended December 31, 2011 ($ in millions) Number of loans
Carrying
value
before
allowance Charge−off amount
Consumer automobile 420 $ 4 $ 2
Consumer mortgage
1st Mortgage 11 2 —
Home equity 28 2 1
Total consumer mortgage 39 4 1
Commercial
Commercial and industrial
Automobile 1 3 —
Total commercial 1 3 —
Total consumer and commercial finance receivables and loans 460 $ 11 $ 3
At December 31, 2011, and December 31, 2010, commercial commitments to lend additional funds to debtors owing receivables whose terms had
been modified in a troubled debt restructuring were $45 million and $15 million, respectively.
Concentration Risk
Consumer
We monitor our consumer loan portfolio for concentration risk across the geographies in which we lend. The highest concentrations of loans in the
United States are in Texas and California, which represent an aggregate of 16.4% of our total outstanding consumer loans at December 31, 2011.
Concentrations in our mortgage portfolio are closely monitored given the volatility of the housing markets. Our consumer mortgage loan
concentrations in California, Florida, and Michigan receive particular attention as the real estate value depreciation in these states has been the most severe.
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