US Bank 2013 Annual Report Download - page 102

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The following table provides a summary of TDR loans that defaulted (fully or partially charged-off or became 90 days or more
past due) for the years ended December 31, that were modified as TDRs within 12 months previous to default:
(Dollars in Millions)
Number
of Loans
Amount
Defaulted
2013
Commercial ............................................................................................................. 642 $ 46
Commercial real estate .................................................................................................. 87 102
Residential mortgages .................................................................................................. 1,099 163
Credit card .............................................................................................................. 6,640 37
Other retail............................................................................................................... 1,841 80
Total loans, excluding GNMA and covered loans .................................................................... 10,309 428
Loans purchased from GNMA mortgage pools ......................................................................... 4,972 640
Covered loans ........................................................................................................... 63 49
Total loans ............................................................................................................ 15,344 $1,117
2012
Commercial ............................................................................................................. 859 $ 48
Commercial real estate .................................................................................................. 111 232
Residential mortgages .................................................................................................. 1,073 146
Credit card .............................................................................................................. 9,774 54
Other retail............................................................................................................... 1,818 56
Total loans, excluding GNMA and covered loans .................................................................... 13,635 536
Loans purchased from GNMA mortgage pools ......................................................................... 1,245 177
Covered loans ........................................................................................................... 68 97
Total loans ............................................................................................................ 14,948 $ 810
2011
Commercial ............................................................................................................. 665 $ 26
Commercial real estate .................................................................................................. 64 67
Residential mortgages .................................................................................................. 623 127
Credit card .............................................................................................................. 7,108 36
Other retail............................................................................................................... 557 13
Total loans, excluding GNMA and covered loans .................................................................... 9,017 269
Loans purchased from GNMA mortgage pools ......................................................................... 857 124
Covered loans ........................................................................................................... 11 26
Total loans ............................................................................................................ 9,885 $ 419
In addition to the defaults in the table above, for the year
ended December 31, 2013, the Company had a total of 591
residential mortgage loans, home equity and second
mortgage loans and loans purchased from GNMA mortgage
pools with aggregate outstanding balances of $78 million
where borrowers did not successfully complete the trial
period arrangement and therefore are no longer eligible for a
permanent modification under the applicable modification
program.
100 U.S. BANCORP