Comerica 2014 Annual Report Download - page 61

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F-24
(dollar amounts in millions)
Years Ended December 31 2014 2013 2012 2011 2010
Balance at beginning of year $ 36 $ 32 $ 26 $ 35 $ 37
Add: Provision for credit losses on lending-related
commitments 54 6 (9)(2)
Balance at end of year $ 41 $ 36 $ 32 $ 26 $ 35
For additional information regarding the allowance for credit losses, refer to the "Critical Accounting Policies" section
of this financial review and Notes 1 and 4 to the consolidated financial statements.
Nonperforming Assets
Nonperforming assets include loans on nonaccrual status, troubled debt restructured loans (TDRs) which have been
renegotiated to less than the original contractual rates (reduced-rate loans) and foreclosed property. TDRs include performing and
nonperforming loans. Nonperforming TDRs are either on nonaccrual or reduced-rate status. Nonperforming assets do not include
purchased credit impaired (PCI) loans.
SUMMARY OF NONPERFORMING ASSETS AND PAST DUE LOANS
(dollar amounts in millions)
December 31 2014 2013 2012 2011 2010
Nonaccrual loans:
Business loans:
Commercial $ 109 $ 81 $ 103 $ 237 $ 252
Real estate construction 221 33 101 263
Commercial mortgage 95 156 275 427 483
Lease financing ——357
International —4 — 8 2
Total nonaccrual business loans 206 262 414 778 1,007
Retail loans:
Residential mortgage 36 53 70 71 55
Consumer:
Home equity 30 33 31 5 5
Other consumer 12 4 6 13
Total consumer 31 35 35 11 18
Total nonaccrual retail loans 67 88 105 82 73
Total nonaccrual loans 273 350 519 860 1,080
Reduced-rate loans 17 24 22 27 43
Total nonperforming loans 290 374 541 887 1,123
Foreclosed property 10 9 54 94 112
Total nonperforming assets $ 300 $ 383 $ 595 $ 981 $ 1,235
Gross interest income that would have been recorded
had the nonaccrual and reduced-rate loans performed
in accordance with original terms $ 25 $ 34 $ 62 $ 74 $ 87
Interest income recognized 65 5 11 18
Nonperforming loans as a percentage of total loans 0.60% 0.82% 1.17% 2.08% 2.79%
Nonperforming assets as a percentage of total loans
and foreclosed property 0.62 0.84 1.29 2.29 3.06
Loans past due 90 days or more and still accruing $ 5 $ 16 $ 23 $ 58 $ 62
Loans past due 90 days or more and still accruing as
a percentage of total loans 0.01% 0.03% 0.05% 0.14% 0.15%
Nonperforming assets decreased $83 million to $300 million at December 31, 2014, from $383 million at December 31,
2013. The decrease in nonperforming assets primarily reflected decreases in nonaccrual commercial mortgage loans ($61 million),
real estate construction loans ($19 million) and residential mortgage loans ($17 million), partially offset by an increase in nonaccrual
commercial loans ($28 million). Nonperforming assets as a percentage of total loans and foreclosed property was 0.62 percent
at December 31, 2014, compared to 0.84 percent at December 31, 2013.