Wells Fargo 2015 Annual Report Download - page 173

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 $2.9 billion at December 31, 2015, and
$3.7 billion at December 31, 2014, 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.
Table 6.14 shows non-PCI loans 90 days or more past due
and still accruing by class for loans not government insured/
guaranteed.
Table 6.14: Loans 90 Days or More Past Due and Still Accruing
Dec 31, Dec 31,
(in millions) 2015 2014
Loans 90 days or more past due and still
accruing:
Total (excluding PCI): $ 14,380 17,810
Less: FHA insured/guaranteed by the VA
(1)(2) 13,373 16,827
Less: Student loans guaranteed under
the FFELP (3) 26 63
Total, not government insured/
guaranteed $ 981 920
By segment and class, not government
insured/guaranteed:
Commercial:
Commercial and industrial $ 97 31
Real estate mortgage 13 16
Real estate construction 4 —
Total commercial 114 47
Consumer:
Real estate 1-4 family first mortgage (2) 224 260
Real estate 1-4 family junior lien
mortgage (2) 65 83
Credit card 397 364
Automobile 79 73
Other revolving credit and installment 102 93
Total consumer 867 873
Total, not government
insured/guaranteed $ 981 920
(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.
Wells Fargo & Company
171