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F-27
SUMMARY OF NONPERFORMING ASSETS AND PAST DUE LOANS
(dollar amounts in millions)
December 31
Nonaccrual loans:
Business loans:
Commercial
Real estate construction:
Commercial Real Estate business line (a)
Other business lines (b)
Total real estate construction
Commercial mortgage:
Commercial Real Estate business line (a)
Other business lines (b)
Total commercial mortgage
Lease financing
International
Total nonaccrual business loans
Retail loans:
Residential mortgage
Consumer:
Home equity
Other consumer
Total consumer
Total nonaccrual retail loans
Total nonaccrual loans
Reduced-rate loans
Total nonperforming loans
Foreclosed property
Total nonperforming assets
Gross interest income that would have been recorded
had the nonaccrual and reduced-rate loans
performed in accordance with original terms
Interest income recognized
Nonperforming loans as a percentage of total loans
Nonperforming assets as a percentage of total loans
and foreclosed property
Loans past due 90 days or more and still accruing
Loans past due 90 days or more and still accruing as
a percentage of total loans
2011
$ 237
93
8
101
159
268
427
5
8
778
71
5
6
11
82
860
27
887
94
$ 981
$ 74
11
2.08%
2.29
$ 58
0.14%
2010
$ 252
259
4
263
181
302
483
7
2
1,007
55
5
13
18
73
1,080
43
1,123
112
$ 1,235
$ 87
18
2.79%
3.06
$ 62
0.15%
2009
$ 238
507
4
511
127
192
319
13
22
1,103
50
8
4
12
62
1,165
16
1,181
111
$ 1,292
$ 109
21
2.80%
3.06
$ 101
0.24%
2008
$ 205
429
5
434
132
130
262
1
2
904
7
3
3
6
13
917
—
917
66
$ 983
$ 98
24
1.82%
1.94
$ 125
0.25%
2007
$ 75
161
6
167
66
75
141
—
4
387
1
2
1
3
4
391
13
404
19
$ 423
$ 56
20
0.80%
0.83
$ 54
0.11%
(a) Primarily loans to real estate investors and developers.
(b) Primarily loans secured by owner-occupied real estate.
Nonperforming Assets
Nonperforming assets include loans on nonaccrual status, troubled debt restructured loans (TDRs) which have been
renegotiated to less than the original contractual rates (reduced-rate loans) and real estate which has been acquired through
foreclosure and is awaiting disposition (foreclosed property). Nonperforming assets do not include PCI loans. Nonperforming
assets decreased $254 million to $981 million at December 31, 2011, from $1.2 billion at December 31, 2010. The table above
presents nonperforming asset balances by category.
The $254 million decrease in nonperforming assets at December 31, 2011, compared to December 31, 2010, primarily
reflected decreases in nonaccrual real estate construction loans ($162 million) (primarily residential real estate developments),
nonaccrual commercial mortgage loans ($56 million), foreclosed property ($18 million), reduced-rate loans ($16 million) and
nonaccrual commercial loans ($15 million), partially offset by an increase of $16 million in nonaccrual residential mortgage loans.
Nonperforming assets as a percentage of total loans and foreclosed property was 2.29 percent at December 31, 2011, compared
to 3.06 percent at December 31, 2010.