Ally Bank 2012 Annual Report Download - page 142

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140
The following table presents our five largest state concentrations within our held-for-investment mortgage finance receivables and loans
recorded at historical cost and reported at carrying value before allowance for loan losses by higher-risk loan type.
December 31, ($ in millions)Interest-only
mortgage loans
Below-market
rate (teaser)
mortgages
Total
higher-risk
mortgage
loans
2012
California $ 500 $ 60 $ 560
Virginia 216 9 225
Maryland 166 5 171
Illinois 107 6 113
Michigan 106 5 111
Other United States 968 107 1,075
Total higher-risk mortgage loans $ 2,063 $ 192 $ 2,255
2011
California $ 748 $ 78 $ 826
Virginia 274 10 284
Maryland 217 6 223
Illinois 153 8 161
Michigan 199 9 208
Other United States 1,356 137 1,493
Total higher-risk mortgage loans $ 2,947 $ 248 $ 3,195
Commercial Real Estate
The commercial real estate portfolio consists of loans issued primarily to automotive dealers. The following table shows the percentage
of total commercial real estate finance receivables and loans reported at carrying value before allowance for loan losses by geographic region
and property type.
December 31, 2012 2011
Geographic region
Texas 13.0% 12.4%
Michigan 12.6 14.1
Florida 11.7 12.4
California 9.3 9.3
New York 4.9 3.5
Virginia 3.9 4.1
North Carolina 3.9 2.1
Pennsylvania 3.3 2.9
Georgia 3.0 2.5
Tennessee 2.3 1.8
Other United States 32.1 28.3
Foreign —6.6
Total commercial real estate finance receivables and loans 100.0% 100.0%
Property type
Automotive dealers 100.0% 99.4%
Other —0.6
Total commercial real estate finance receivables and loans 100.0% 100.0%
Table of Contents
Notes to Consolidated Financial Statements
Ally Financial Inc. • Form 10-K