US Bank 2015 Annual Report Download - page 51

Accruing loans 90 days or more past due totaled $831
million ($541 million excluding covered loans) at December 31,
2015, compared with $945 million ($550 million excluding
covered loans) at December 31, 2014, and $1.2 billion ($713
million excluding covered loans) at December 31, 2013.
Accruing loans 90 days or more past due are not included in
nonperforming assets and continue to accrue interest because
they are adequately secured by collateral, are in the process of
collection and are reasonably expected to result in repayment or
restoration to current status, or are managed in homogeneous
portfolios with specified charge-off timeframes adhering to
regulatory guidelines. The ratio of accruing loans 90 days or
more past due to total loans was 0.32 percent (0.21 percent
excluding covered loans) at December 31, 2015, compared with
0.38 percent (0.23 percent excluding covered loans) at
December 31, 2014, and 0.51 percent (0.31 percent excluding
covered loans) at December 31, 2013.
The following table provides summary delinquency
information for residential mortgages, credit card and other
retail loans included in the consumer lending segment:
Amount
As a Percent of Ending
Loan Balances
At December 31
(Dollars in Millions) 2015 2014 2015 2014
Residential Mortgages(a)
30-89 days ........... $ 170 $ 221 .32% .43%
90 days or more ....... 176 204 .33 .40
Nonperforming ........ 712 864 1.33 1.67
Total .............. $1,058 $1,289 1.98% 2.50%
Credit Card
30-89 days ........... $ 243 $ 229 1.15% 1.24%
90 days or more ....... 228 210 1.09 1.13
Nonperforming ........ 9 30 .04 .16
Total .............. $ 480 $ 469 2.28% 2.53%
Other Retail
Retail Leasing
30-89 days ........... $ 11 $ 11 .21% .18%
90 days or more ....... 1 1 .02 .02
Nonperforming ........ 3 1 .06 .02
Total .............. $ 15 $ 13 .29% .22%
Home Equity and
Second Mortgages
30-89 days ........... $ 59 $ 85 .36% .54%
90 days or more ....... 41 42 .25 .26
Nonperforming ........ 136 170 .83 1.07
Total .............. $ 236 $ 297 1.44% 1.87%
Other(b)
30-89 days ........... $ 154 $ 142 .52% .51%
90 days or more ....... 33 32 .11 .12
Nonperforming ........ 23 16 .08 .06
Total .............. $ 210 $ 190 .71% .69%
(a) Excludes $320 million of loans 30-89 days past due and $2.9 billion of loans 90 days or
more past due at December 31, 2015, purchased from GNMA mortgage pools that
continue to accrue interest, compared with $431 million and $3.1 billion at December 31,
2014, respectively.
(b) Includes revolving credit, installment, automobile and student loans.
The following tables provide further information on residential
mortgages and home equity and second mortgages as a
percent of ending loan balances by borrower type at
December 31:
Residential mortgages (a) 2015 2014
Prime Borrowers
30-89 days ............................ .25% .33%
90 days or more ........................ .30 .35
Nonperforming ......................... 1.12 1.42
Total ............................... 1.67% 2.10%
Sub-Prime Borrowers
30-89 days ............................ 3.92% 5.12%
90 days or more ........................ 2.52 3.41
Nonperforming ......................... 15.30 16.73
Total ............................... 21.74% 25.26%
Other Borrowers
30-89 days ............................ 1.60% 1.37%
90 days or more ........................ 1.12 1.13
Nonperforming ......................... 4.00 3.50
Total ............................... 6.72% 6.00%
(a) Excludes delinquent and nonperforming information on loans purchased from GNMA
mortgage pools as their repayments are primarily insured by the Federal Housing
Administration or guaranteed by the Department of Veterans Affairs.
Home equity and second mortgages 2015 2014
Prime Borrowers
30-89 days ............................. .31% .47%
90 days or more ......................... .23 .24
Nonperforming .......................... .74 .95
Total ................................ 1.28% 1.66%
Sub-Prime Borrowers
30-89 days ............................. 2.56% 3.36%
90 days or more ......................... 1.03 1.26
Nonperforming .......................... 4.62 5.88
Total ................................ 8.21% 10.50%
Other Borrowers
30-89 days ............................. 1.23% 1.18%
90 days or more ......................... .74 .40
Nonperforming .......................... 2.45 2.36
Total ................................ 4.42% 3.94%
The following table provides summary delinquency
information for covered loans:
At December 31
(Dollars in Millions)
Amount
As a Percent of Ending
Loan Balances
2015 2014 2015 2014
30-89 days .......... $ 62 $ 68 1.35% 1.28%
90 days or more ...... 290 395 6.31 7.48
Nonperforming ....... 8 14 .17 .27
Total .............. $360 $477 7.83% 9.03%
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