Ally Bank 2012 Annual Report Download - page 141
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139
Concentration Risk
Consumer
We monitor our consumer loan portfolio for concentration risk across the geographies in which we lend. The highest concentrations of
loans in the United States are in Texas and California, which represent an aggregate of 21.0% of our total outstanding consumer loans at
December 31, 2012.
Concentrations in our mortgage portfolio are closely monitored given the volatility of the housing markets. Our consumer mortgage loan
concentrations in California, Florida, and Michigan receive particular attention as the real estate value depreciation in these states has been the
most severe.
The following table shows the percentage of total consumer finance receivables and loans recorded at historical cost reported at carrying
value before allowance for loan losses by state and foreign concentration.
2012 (a) 2011
December 31, Automobile
1st Mortgage
and home
equity Automobile
1st Mortgage
and home
equity
Texas 12.9% 5.8% 9.5% 5.5%
California 5.6 29.2 4.6 25.7
Florida 6.7 3.6 4.8 4.0
Michigan 5.0 4.1 4.0 4.8
Pennsylvania 5.2 1.6 3.6 1.6
Illinois 4.3 4.8 3.1 5.0
New York 4.6 2.0 3.5 2.3
Ohio 4.0 0.8 2.9 1.0
Georgia 3.7 1.9 2.5 1.8
North Carolina 3.3 2.0 2.2 2.1
Other United States 44.7 44.2 32.9 45.9
Foreign (b) — — 26.4 0.3
Total consumer loans 100.0% 100.0% 100.0% 100.0%
(a) Presentation is in descending order as a percentage of total consumer finance receivables and loans at December 31, 2012.
(b) Foreign consumer finance receivables and loans as of December 31, 2012, was $2 million. These remaining foreign balances are within Finland and the
Czech Republic.
Consumer Higher-Risk Mortgage
The following table summarizes held-for-investment mortgage finance receivables and loans recorded at historical cost and reported at
carrying value before allowance for loan losses by higher-risk loan type.
December 31, ($ in millions)2012 2011
Interest-only mortgage loans (a) $ 2,063 $ 2,947
Below-market rate (teaser) mortgages 192 248
Total higher-risk mortgage finance receivables and loans $ 2,255 $ 3,195
(a) The majority of the interest-only mortgage loans are expected to start principal amortization in 2015 or beyond.
Table of Contents
Notes to Consolidated Financial Statements
Ally Financial Inc. • Form 10-K