US Bank 2015 Annual Report Download - page 55

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The following table provides an analysis of OREO, excluding covered assets, as a percent of their related loan balances, including
geographical location detail for residential (residential mortgage, home equity and second mortgage) and commercial (commercial
and commercial real estate) loan balances:
At December 31
(Dollars in Millions)
Amount
As a Percent of Ending
Loan Balances
2015 2014 2015 2014
Residential
Minnesota ............................................................................ $ 23 $ 16 .37% .26%
Illinois ................................................................................ 18 16 .42 .37
Florida ............................................................................... 17 17 1.12 1.06
Ohio ................................................................................. 17 13 .56 .42
Wisconsin ............................................................................ 11 10 .49 .44
All other states ......................................................................... 164 161 .31 .32
Total residential ...................................................................... 250 233 .36 .35
Commercial
California ............................................................................. 11 11 .05 .05
Illinois ................................................................................ 5 12 .08 .19
Indiana ............................................................................... 2 3 .13 .20
South Carolina ......................................................................... 2 2 .48 .44
Tennessee ............................................................................ 1 1 .04 .04
All other states ......................................................................... 9 26 .01 .03
Total commercial ..................................................................... 30 55 .02 .04
Total ............................................................................. $280 $288 .11% .12%
TABLE 17 NET CHARGE-OFFS AS A PERCENT OF AVERAGE LOANS OUTSTANDING
Year Ended December 31 2015 2014 2013 2012 2011
Commercial
Commercial ................................................................ .26% .26% .19% .43% .76%
Lease financing ............................................................. .27 .17 .06 .63 .96
Total commercial .......................................................... .26 .26 .18 .45 .79
Commercial Real Estate
Commercial mortgages ....................................................... .02 (.03) .08 .37 .73
Construction and development ................................................. (.33) (.05) (.87) .86 4.20
Total commercial real estate ................................................. (.07) (.03) (.09) .45 1.40
Residential Mortgages ....................................................... .21 .38 .57 1.09 1.45
Credit Card ................................................................. 3.61 3.73 3.90 4.01 5.19
Other Retail
Retail leasing ............................................................... .09 .03 .02 .04 –
Home equity and second mortgages ............................................ .24 .61 1.33 1.72 1.66
Other ..................................................................... .65 .71 .81 .94 1.20
Total other retail ........................................................... .45 .60 .89 1.13 1.25
Total loans, excluding covered loans ........................................ .48 .57 .66 1.03 1.53
Covered Loans .............................................................. – .15 .32 .08 .07
Total loans ............................................................. .47% .55% .64% .97% 1.41%
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