Ally Bank 2014 Annual Report Download - page 124
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Table of Contents
Notes to Consolidated Financial Statements
Ally Financial Inc. • Form 10-K
112
The following table presents information about our impaired finance receivables and loans recorded at historical cost.
December 31, ($ in millions)
Unpaid
principal
balance
Carrying
value before
allowance
Impaired
with no
allowance
Impaired
with an
allowance
Allowance for
impaired
loans
2014
Consumer automotive $ 282 $ 282 $ — $ 282 $ 23
Consumer mortgage 340 336 86 250 62
Commercial
Commercial and industrial
Automotive 32 32 4 28 5
Other 4646—4615
Commercial real estate — Automotive 44131
Total commercial 82 82 5 77 21
Total consumer and commercial finance
receivables and loans $ 704 $ 700 $ 91 $ 609 $ 106
2013
Consumer automotive $ 281 $ 281 $ — $ 281 $ 23
Consumer mortgage 924 919 128 791 199
Commercial
Commercial and industrial
Automotive 116 116 57 59 7
Other 74 74 — 74 16
Commercial real estate — Automotive 14 14953
Total commercial 204 204 66 138 26
Total consumer and commercial finance
receivables and loans $ 1,409 $ 1,404 $ 194 $ 1,210 $ 248
The following table presents average balance and interest income for our impaired finance receivables and loans.
2014 2013 2012
Year ended December 31, ($ in millions)
Average
balance
Interest
income
Average
balance
Interest
income
Average
balance
Interest
income
Consumer automotive $ 317 $ 20 $ 278 $ 18 $ 131 $ 12
Consumer mortgage 873 12 908 29 693 28
Commercial
Commercial and industrial
Automotive 61 2 152 6 178 8
Mortgage ———— 5—
Other 59 3 72 2 32 6
Commercial real estate
Automotive 6—29 1 64 1
Mortgage ———— 6—
Total commercial 126 5 253 9 285 15
Total consumer and commercial finance receivables and loans $ 1,316 $ 37 $ 1,439 $ 56 $ 1,109 $ 55
Troubled Debt Restructurings
TDRs are loan modifications where concessions were granted to borrowers experiencing financial difficulties. Numerous initiatives are
in place to provide support to our mortgage customers in financial distress, including principal forgiveness, maturity extensions, delinquent
interest capitalization, and changes to contractual interest rates. Additionally for automotive loans, we may offer several types of assistance to
aid our customers, including extension of the loan maturity date and rewriting the loan terms. Total TDRs recorded at historical cost and
reported at carrying value before allowance for loan losses were $681 million at December 31, 2014, reflecting a decrease of $606 million