Wells Fargo 2014 Annual Report Download - page 171
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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 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 $3.7 billion at December 31, 2014, and
$4.5 billion at December 31, 2013, are not included in these past
due and still accruing loans even though they are 90 days or
more contractually past due. These PCI loans are considered to
be accruing because they continue to earn interest from
accretable yield, independent of performance in accordance with
their contractual terms.
The following table shows non-PCI loans 90 days or more
past due and still accruing by class for loans not government
insured/guaranteed.
Dec 31, Dec 31,
(in millions) 2014 2013
Loan 90 days or more past due and still
accruing:
Total (excluding PCI): $ 17,810 23,219
Less: FHA insured/VA guaranteed (1)(2) 16,827 21,274
Less: Student loans guaranteed under
the FFELP (3) 63 900
Total, not government insured/
guaranteed $ 920 1,045
By segment and class, not government
insured/guaranteed:
Commercial:
Commercial and industrial $ 31 11
Real estate mortgage 16 35
Real estate construction — 97
Total commercial 47 143
Consumer:
Real estate 1-4 family first mortgage (2) 260 354
Real estate 1-4 family junior lien
mortgage (2) 83 86
Credit card 364 321
Automobile 73 55
Other revolving credit and installment 93 86
Total consumer 873 902
Total, not government
insured/guaranteed $ 920 1,045
(1) Represents loans whose repayments are predominantly insured by the FHA or
guaranteed by the VA.
(2) Includes mortgage loans held for sale 90 days or more past due and still
accruing.
(3) Represents loans whose repayments are predominantly guaranteed by
agencies on behalf of the U.S. Department of Education under the FFELP. At
the end of second quarter 2014, all government guaranteed student loans
were transferred to loans held for sale.
169