US Bank 2015 Annual Report Download - page 38

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TABLE 8 COMMERCIAL REAL ESTATE LOANS BY PROPERTY TYPE AND GEOGRAPHY
2015 2014
At December 31 (Dollars in Millions) Loans Percent Loans Percent
Property Type
Business owner occupied ..................................................... $11,186 26.6% $11,535 26.9%
Commercial property
Industrial ................................................................. 1,530 3.6 1,582 3.7
Office ................................................................... 5,480 13.0 5,680 13.3
Retail .................................................................... 4,944 11.7 4,896 11.4
Other commercial .......................................................... 4,165 9.9 4,670 10.9
Multi-family ................................................................. 8,833 21.0 8,548 20.0
Hotel/motel ................................................................. 3,428 8.1 3,624 8.5
Residential homebuilders ...................................................... 2,319 5.5 1,996 4.7
Healthcare facilities .......................................................... 252 .6 264 .6
Total .................................................................... $42,137 100.0% $42,795 100.0%
Geography
California .................................................................. $10,456 24.8% $10,545 24.6%
Colorado .................................................................. 2,004 4.8 1,955 4.6
Illinois ..................................................................... 1,810 4.3 2,153 5.0
Minnesota .................................................................. 2,022 4.8 2,031 4.7
Missouri ................................................................... 1,382 3.3 1,453 3.4
Ohio ...................................................................... 1,260 3.0 1,391 3.3
Oregon .................................................................... 1,988 4.7 2,012 4.7
Washington ................................................................ 3,422 8.1 3,501 8.2
Wisconsin .................................................................. 2,323 5.5 2,293 5.4
Iowa, Kansas, Nebraska, North Dakota, South Dakota .............................. 2,227 5.3 2,202 5.1
Arkansas, Indiana, Kentucky, Tennessee ......................................... 1,708 4.1 1,764 4.1
Idaho, Montana, Wyoming .................................................... 1,275 3.0 1,319 3.1
Arizona, Nevada, New Mexico, Utah ............................................ 3,259 7.7 3,383 7.9
Total banking region ....................................................... 35,136 83.4 36,002 84.1
Florida, Michigan, New York, Pennsylvania, Texas ................................. 3,793 9.0 3,656 8.6
All other states .............................................................. 3,208 7.6 3,137 7.3
Total outside Company’s banking region ....................................... 7,001 16.6 6,793 15.9
Total .................................................................... $42,137 100.0% $42,795 100.0%
Other Retail Total other retail loans, which include retail
leasing, home equity and second mortgages and other retail
loans, increased $1.9 billion (3.9 percent) at December 31,
2015, compared with December 31, 2014. Average other
retail loans increased $726 million (1.5 percent) in 2015,
compared with 2014. The increases were primarily due to
higher auto and installment loans, and home equity and
second mortgages, partially offset by lower retail leasing and
student loan balances. Of the total residential mortgages,
credit card and other retail loans outstanding at
December 31, 2015, approximately 73.4 percent were to
customers located in the Company’s primary banking region
compared with 73.0 percent at December 31, 2014. Tables
9, 10 and 11 provide a geographic summary of residential
mortgages, credit card loans and other retail loans
outstanding, respectively, as of December 31, 2015 and
2014. The collateral for $3.1 billion of residential mortgages
and other retail loans included in covered loans at
December 31, 2015 was in California, compared with $3.5
billion at December 31, 2014.
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