Ally Bank 2014 Annual Report Download - page 125
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Table of Contents
Notes to Consolidated Financial Statements
Ally Financial Inc. • Form 10-K
113
from December 31, 2013. The decrease is primarily related to the transfer of consumer mortgage loans to the held-for-sale portfolio, as well
as the continued runoff of legacy mortgage assets. Refer to Note 1 for additional information.
The following table presents information related to finance receivables and loans recorded at historical cost modified in connection with
a TDR during the period.
2014 2013
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 automotive 17,511 $ 211 $ 187 19,388 $ 297 $ 249
Consumer mortgage 396 80 74 1,092 278 234
Commercial
Commercial and industrial
Automotive 32323
83737
Other 34848
48078
Commercial real estate — Automotive ———
52020
Total commercial 67171
17 137 135
Total consumer and commercial finance
receivables and loans 17,913 $ 362 $ 332 20,497 $ 712 $ 618
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 TDR. 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.
2014 2013
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 automotive 7,117 $ 90 $ 47 6,038 $ 75 $ 37
Consumer mortgage 27 2 1 32 8 1
Commercial
Commercial and industrial — Automotive —— —
—— —
Commercial real estate — Automotive —— —
—— —
Total commercial —— —
—— —
Total consumer and commercial finance receivables and
loans 7,144 $ 92 $ 48 6,070 $ 83 $ 38
At December 31, 2014, and December 31, 2013, commercial commitments to lend additional funds to borrowers owing receivables
whose terms had been modified in a TDR were $4 million and $26 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 are in Texas and California, which represent an aggregate of 21.8% of our total outstanding consumer finance receivables and loans at
December 31, 2014.
Concentrations in our mortgage portfolio are closely monitored given the volatility of the housing markets, with special attention given
to states with greater declines in real estate values.