Ally Bank 2012 Annual Report Download - page 140
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138
The following table presents information related to finance receivables and loans recorded at historical cost modified in connection with
a troubled debt restructuring during the period.
2012 (a) 2011
Year ended December 31, ($ in millions)
Number
of
loans
Pre-
modification
carrying value
before
allowance
Post-
modification
carrying value
before
allowance
Number
of
loans
Pre-
modification
carrying value
before
allowance
Post-
modification
carrying value
before
allowance
Consumer automobile 36,285 $ 407 $ 295 6,411 $ 85 $ 85
Consumer mortgage
1st Mortgage 1,664 412 327 375 133 132
Home equity 1,305 24 23 888 51 47
Total consumer mortgage 2,969 436 350 1,263 184 179
Commercial
Commercial and industrial
Automobile 9 15 15 255
Mortgage — — — 1 38 28
Other — — — 2 11 10
Commercial real estate
Automobile 8 14 13 5 12 11
Mortgage ———243
Total commercial 17 29 28 12 70 57
Total consumer and commercial finance
receivables and loans 39,271 $ 872 $ 673 7,686 $ 339 $ 321
(a) Due to recent industry practice, bankruptcy loans that have not been reaffirmed have been included within our TDR population beginning in the fourth
quarter of 2012.
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 redefault is defined as 90 days past due.
2012 (a) 2011
Year ended December 31, ($ in millions)
Number
of
loans
Carrying
value
before
allowance Charge-
off amount
Number
of
loans
Carrying
value
before
allowance Charge-
off amount
Consumer automobile 2,290 $ 26 $ 12 420 $ 4 $ 2
Consumer mortgage
1st Mortgage 112 16 1 11 2 —
Home equity 41 3 2 28 2 1
Total consumer mortgage 153 19 3 39 4 1
Commercial
Commercial and industrial
Automobile 4 3 — 1 3 —
Commercial real estate
Automobile 3 3 — — — —
Total commercial 7 6 — 1 3 —
Total consumer and commercial finance receivables and
loans 2,450 $ 51 $ 15 460 $ 11 $ 3
(a) Due to recent industry practice, bankruptcy loans that have not been reaffirmed have been included within our TDR population beginning in the fourth
quarter of 2012.
At December 31, 2012, and December 31, 2011, commercial commitments to lend additional funds to debtors owing receivables whose
terms had been modified in a troubled debt restructuring were $25 million and $45 million, respectively.
Table of Contents
Notes to Consolidated Financial Statements
Ally Financial Inc. • Form 10-K