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Notes to Consolidated Financial Statements, continued
97
Year Ended December 31
2015 2014 2013
(Dollars in millions)
Average
Amortized
Cost
Interest
Income
Recognized 1
Average
Amortized
Cost
Interest
Income
Recognized 1
Average
Amortized
Cost
Interest
Income
Recognized 1
Impaired loans with no related allowance recorded:
Commercial loans:
C&I $58 $2 $84 $1 $75 $1
CRE 10 — 11 1 60 2
Total commercial loans 68 2 95 2 135 3
Residential loans:
Residential mortgages - nonguaranteed 390 17 437 17 449 18
Residential construction 11 — 12 — 21 1
Total residential loans 401 17 449 17 470 19
Impaired loans with an allowance recorded:
Commercial loans:
C&I 147 5 16 1 45 1
CRE — — 5 — 3 —
Commercial construction — — — — 5 —
Total commercial loans 147 5 21 1 53 1
Residential loans:
Residential mortgages - nonguaranteed 1,349 65 1,357 78 1,576 76
Residential home equity products 682 28 644 27 649 23
Residential construction 125 8 144 8 172 10
Total residential loans 2,156 101 2,145 113 2,397 109
Consumer loans:
Other direct 12 — 14 — 15 1
Indirect 125 6 113 5 89 4
Credit cards 7 1 10 1 16 1
Total consumer loans 144 7 137 6 120 6
Total impaired loans $2,916 $132 $2,847 $139 $3,175 $138
1 Of the interest income recognized during December 31, 2015, 2014, and 2013, cash basis interest income was $7 million, $4 million, and $10 million, respectively.