Wells Fargo 2014 Annual Report Download - page 81

LOANS 90 DAYS OR MORE PAST DUE AND STILL ACCRUING
Loans 90 days or more past due as to interest or principal are
still accruing if 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 are not included in 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.
Excluding insured/guaranteed loans, loans 90 days or more
past due and still accruing at December 31, 2014, were down
$125 million, or 12%, from December 31, 2013, due to payoffs,
Table 38: Loans 90 Days or More Past Due and Still Accruing
modifications and other loss mitigation activities, decline in non-
strategic and liquidating portfolios, and credit stabilization.
Loans 90 days or more past due and still accruing whose
repayments are predominantly insured by the FHA or
guaranteed by the VA for mortgages and the U.S. Department of
Education for student loans under the Federal Family Education
Loan Program (FFELP) were $16.9 billion at December 31, 2014,
down from $22.2 billion at December 31, 2013.
Table 38 reflects non-PCI loans 90 days or more past due
and still accruing by class for loans not government insured/
guaranteed. For additional information on delinquencies by loan
class, see Note 6 (Loans and Allowance for Credit Losses) to
Financial Statements in this Report.
December 31,
(in millions) 2014 2013 2012 2011 2010
Loans 90 days or more past due and still accruing:
Total (excluding PCI (1)): $ 17,810 23,219 23,245 22,569 18,488
Less: FHA insured/guaranteed by the VA (2)(3) 16,827 21,274 20,745 19,240 14,733
Less: Student loans guaranteed under the FFELP (4) 63 900 1,065 1,281 1,106
Total, not government insured/guaranteed $ 920 1,045 1,435 2,048 2,649
By segment and class, not government insured/guaranteed:
Commercial:
Commercial and industrial $ 31 11 48 159 330
Real estate mortgage 16 35 228 256 104
Real estate construction — 97 27 89 193
Total commercial 47 143 303 504 627
Consumer:
Real estate 1-4 family first mortgage (3) 260 354 564 781 941
Real estate 1-4 family junior lien mortgage (3) 83 86 133 279 366
Credit card 364 321 310 346 516
Automobile 73 55 40 51 79
Other revolving credit and installment 93 86 85 87 120
Total consumer 873 902 1,132 1,544 2,022
Total, not government insured/guaranteed $ 920 1,045 1,435 2,048 2,649
(1) PCI loans totaled $3.7 billion, $4.5 billion, $6.0 billion, $8.7 billion and $11.6 billion at December 31, 2014, 2013, 2012, 2011 and 2010, respectively.
(2) Represents loans whose repayments are predominantly insured by the FHA or guaranteed by the VA.
(3) Includes mortgages held for sale 90 days or more past due and still accruing.
(4) Represents loans whose repayments are predominantly guaranteed by agencies on behalf of the U.S. Department of Education under the FFELP. In fourth quarter 2014,
substantially all government guaranteed loans were sold.
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