Navy Federal Credit Union 2014 Annual Report Download - page 41

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Financial Section 23
2014 | A YEAR IN REVIEW
For the year ended December 31, 2014, TDRs that were more than 60 days delinquent within the first 12
months after modification totaled $5.8 million, which included $3.6 million of consumer loans, $1.1 million
of credit card loans and $1.1 million of real estate loans. For the year ended December 31, 2013, TDRs
that were more than 60 days delinquent within the first 12 months after modification totaled $5.4 million,
which included $4.0 million of consumer loans, $1.1 million of credit card loans and $0.3 million of real
estate loans. Cumulative total loan amounts, average loan balances, interest and impairment recognized
on TDRs for the years ended December 31, 2014 and 2013 were as follows:
TDR Loan Balances as of December 31, 2014
(dollars in thousands)
Loan Amount Impairment Average
Balance
Interest
Impaired Loans with an associated allowance
Consumer $ 402,651 $ 56,454 $ 376,967 $ 39,035
Credit card 257,795 68,674 232,492 26,403
Real estate 557,778 82,582 528,385 22,097
Total Impaired Loans with
an associated allowance
$ 1,218,224 $ 207,710 $ 1,137,844 $ 87,535
Impaired Loans without an associated allowance
Consumer 1,844 — 1,520 199
Credit card 1,825 — 1,064 260
Real estate 12,484 — 6,255 451
Total Impaired Loans without
an associated allowance
$ 16,153 $ — $ 8,839 $ 910
Total Impaired Loans $ 1,234,377 $ 207,710 $ 1,146,683 $ 88,445
TDR Loan Balances as of December 31, 2013
(dollars in thousands)
Loan Amount Impairment Average
Balance
Interest
Impaired Loans with an associated allowance
Consumer $ 351,282 $ 62,167 $ 302,466 $ 35,140
Credit card 207,189 54,240 174,868 21,353
Real estate 498,991 100,175 482,466 17,646
Total Impaired Loans with an
associated allowance
$ 1,057,462 $ 216,582 $ 959,800 $ 74,139
Impaired Loans without an associated allowance
Consumer 1,195 — 1,029 120
Credit card 302 — 255 31
Real estate 25 — 24 1
Total Impaired Loans without
an associated allowance
$ 1,522 $ — $ 1,308 $ 152
Total Impaired Loans $ 1,058,984 $ 216,582 $ 961,108 $ 74,291
At December 31, 2014 and 2013, there were no unfunded commitments related to loans that had
previously been modified as TDRs.