Wells Fargo 2011 Annual Report Download - page 154
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Note 6: Loans and Allowance for Credit Losses (continued)
Commitments to lend additional funds on loans whose terms
have been modified in a TDR amounted to $3.8 billion and
$1.2 billion at December 31, 2011 and 2010, respectively. A
significant portion of these commitments relate to commercial
and industrial loans, which, at the time of modification, had an
amount of availability to the borrower that continues under the
modified terms of the TDR. These TDRs totaled $1.8 billion and
$345 million at December 31, 2011 and 2010, respectively.
The following table provides the average recorded investment
in impaired loans and the amount of interest income recognized
for the full year on impaired loans after impairment by portfolio
segment and class.
Year ended December 31,
2011
2010
Average
Recognized
Average
Recognized
recorded
interest
recorded
interest
(in millions)
investment
income
investment
income
Commercial:
Commercial and industrial
$
3,282
105
4,098
64
Real estate mortgage
5,308
80
4,598
41
Real estate construction
2,481
70
3,203
28
Lease financing
80
-
166
-
Foreign
29
-
47
-
Total commercial
11,180
255
12,112
133
Consumer:
Real estate 1-4 family first mortgage
13,592
700
9,221
494
Real estate 1-4 family junior lien mortgage
1,962
76
1,443
55
Credit card
594
21
360
13
Other revolving credit and installment
270
27
132
3
Total consumer
16,418
824
11,156
565
Total impaired loans
$
27,598
1,079
23,268
698
The following table presents the average recorded investment in impaired loans and interest income recognized on impaired loans
after impairment.
Year ended December 31,
(in millions)
2011
2010
2009
Average recorded investment in impaired loans
$
27,598
23,268
10,557
Interest income:
Cash basis of accounting
$
180
250
130
Other (1)
899
448
102
Total interest income
$
1,079
698
232
(1) Includes interest recognized on accruing TDRs, interest recognized related to certain impaired loans which have an allowance calculated using discounting, and amortization
of purchase accounting adjustments related to certain impaired loans. See footnote 1 to the table of changes in the allowance for credit losses.
152