Ally Bank 2012 Annual Report Download - page 66
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64
The following table includes total commercial finance receivables and loans reported at carrying value before allowance for loan losses.
Outstanding Nonperforming (a) Accruing past due
90 days or more (b)
December 31, ($ in millions)2012 2011 2012 2011 2012 2011
Domestic
Commercial and industrial
Automobile $ 30,270 $ 26,552 $ 146 $ 105 $ — $ —
Mortgage —1,887 ————
Other (c) 2,679 1,178 33 22 ——
Commercial real estate
Automobile 2,552 2,331 37 56 ——
Mortgage ——————
Total domestic 35,501 31,948 216 183 ——
Foreign
Commercial and industrial
Automobile —8,265 —118 ——
Mortgage —24 ————
Other (c) 18 63 —15 ——
Commercial real estate
Automobile —154 —11 ——
Mortgage —14 —12 ——
Total foreign 18 8,520 —156 ——
Total commercial finance receivables and loans $ 35,519 $ 40,468 $ 216 $ 339 $ — $ —
(a) Includes nonaccrual troubled debt restructured loans of $29 million and $21 million at December 31, 2012, and December 31, 2011, respectively.
(b) There were no troubled debt restructured loans classified as 90 days past due and still accruing at December 31, 2012 and December 31, 2011.
(c) Other commercial primarily includes senior secured commercial lending.
Total commercial finance receivables and loans outstanding decreased $4.9 billion to $35.5 billion at December 31, 2012, from
December 31, 2011. The domestic commercial and industrial outstandings increased $3.3 billion primarily due to increased automotive
industry sales and corresponding rise in inventories as well as ResCap's debtor-in-possession financing, partially offset by the wind-down of
the mortgage warehouse lending's portfolio. The foreign commercial and industrial outstandings decreased $8.3 billion primarily due to the
reclassification of foreign Automotive Finance operations to discontinued operations.
Total domestic commercial nonperforming finance receivables and loans were $216 million at December 31, 2012, an increase of $33
million compared to December 31, 2011. However, portfolio performance was stable during 2012, and total nonperforming commercial
finance receivables and loans as a percentage of outstanding commercial finance receivables and loans declined from 0.8% as of
December 31, 2011 to 0.6% as of December 31, 2012.
Table of Contents
Management's Discussion and Analysis
Ally Financial Inc. • Form 10-K