US Bank 2011 Annual Report Download - page 30

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TABLE 8 Commercial Real Estate Loans by Property Type and Geography
December 31, 2011 December 31, 2010
(Dollars in Millions) Loans Percent Loans Percent
Property Type
Business owner occupied ............................................................ $11,756 32.8% $11,416 32.9%
Commercial property
Industrial ........................................................................... 1,561 4.4 1,530 4.4
Office .............................................................................. 4,590 12.8 3,783 10.9
Retail ............................................................................... 4,402 12.3 4,288 12.4
Other commercial .................................................................. 3,632 10.1 3,551 10.2
Homebuilders
Condominiums ..................................................................... 283 .8 463 1.3
Other residential ................................................................... 988 2.8 1,144 3.3
Multi-family ........................................................................... 6,293 17.5 6,130 17.7
Hotel/motel ........................................................................... 2,041 5.7 2,134 6.2
Health care facilities .................................................................. 305 .8 256 .7
Total ............................................................................... $35,851 100.0% $34,695 100.0%
Geography
California ............................................................................. $ 7,634 21.3% $ 7,515 21.6%
Colorado ............................................................................. 1,569 4.4 1,524 4.4
Illinois ................................................................................. 1,411 3.9 1,248 3.6
Minnesota ............................................................................ 1,891 5.3 1,805 5.2
Missouri .............................................................................. 1,599 4.4 1,558 4.5
Ohio .................................................................................. 1,436 4.0 1,402 4.0
Oregon ............................................................................... 1,961 5.5 1,809 5.2
Washington ........................................................................... 3,540 9.9 3,488 10.1
Wisconsin ............................................................................ 1,892 5.3 1,724 5.0
Iowa, Kansas, Nebraska, North Dakota, South Dakota ............................... 2,295 6.4 2,205 6.4
Arkansas, Indiana, Kentucky, Tennessee ............................................. 1,736 4.8 1,634 4.7
Idaho, Montana, Wyoming............................................................ 1,183 3.3 1,185 3.4
Arizona, Nevada, New Mexico, Utah ................................................. 3,189 8.9 2,938 8.5
Total banking region ............................................................... 31,336 87.4 30,035 86.6
Outside the Company’s banking region
Florida, Michigan, New York, Pennsylvania, Texas ................................ 2,470 6.9 2,711 7.8
All other states ..................................................................... 2,045 5.7 1,949 5.6
Total outside Company’s banking region ............................................. 4,515 12.6 4,660 13.4
Total ............................................................................... $35,851 100.0% $34,695 100.0%
Other Retail Total other retail loans, which include retail
leasing, home equity and second mortgages and other retail
loans, decreased $284 million (.6 percent) at December 31,
2011, compared with December 31, 2010. The decrease was
primarily due to a decrease in home equity and second
mortgages and student loans, partially offset by increases in
retail leasing and automobile loans primarily during the
second half of the year. Average other retail loans increased
$513 million (1.1 percent) in 2011, compared with 2010. The
increase was primarily driven by higher installment and retail
leasing loans, partially offset by lower home equity and
second mortgages.
28 U.S. BANCORP