Wells Fargo 2010 Annual Report Download - page 141

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LOANS 90 DAYS OR MORE PAST DUE AND STILL ACCRUING
Certain loans 90 days or more past due as to interest or principal
are still accruing, because they are (1) well-secured and in the
process of collection or (2) real estate 1-4 family mortgage loans
or consumer loans exempt under regulatory rules from being
classified as nonaccrual until later delinquency, usually 120 days
past due. PCI loans of $11.6 billion at December 31, 2010, and
$16.1 billion at December 31, 2009, are excluded from this
disclosure even though they are 90 days or more contractually
past due. These PCI loans are considered to be accruing due to
the existence of the accretable yield and not based on
consideration given to contractual interest payments.
Non-PCI loans 90 days or more past due and still accruing
were $18.5 billion at December 31, 2010, and $22.2 billion at
December 31, 2009. Those balances which include mortgage
loans held for sale, have $14.7 billion and $15.3 billion,
respectively, of insured/guaranteed loans whose repayments are
insured by the FHA or guaranteed by the VA. The following table
shows non-PCI loans 90 days or more past due and still
accruing, but excludes insured/guaranteed loans.
December 31,
(in millions) 2010
2009
Commercial:
Commercial and industrial $ 308
590
Real estate mortgage 104
1,014
Real estate construction 193
909
Foreign 22
73
Total commercial 627
2,586
Consumer:
Real estate 1-4 family first mortgage (1) 941
1,623
Real estate 1-4 family
junior lien mortgage (1) 366
515
Credit card 516
795
Other revolving credit and installment 1,305
1,333
Total consumer 3,128
4,266
Total (excluding PCI) $ 3,755
6,852
(1) Includes mortgage loans held for sale 90 days or more past due and still
accruing.
139