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F-26
The following table presents the composition of nonaccrual loans by balance and the related number of borrowers at
December 31, 2014 and 2013.
2014 2013
(dollar amounts in millions) Number of
Borrowers Balance Number of
Borrowers Balance
Under $2 million 1,492 $ 154 1,756 $ 211
$2 million - $5 million 15 48 23 71
$5 million - $10 million 3 22 3 23
$10 million - $25 million 2 23 3 45
Greater than $25 million 126— —
Total 1,513 $ 273 1,785 $ 350
The following table presents a summary of TDRs at December 31, 2014 and 2013.
(in millions) 2014 2013
Nonperforming TDRs:
Nonaccrual TDRs $ 58 $ 100
Reduced-rate TDRs 17 24
Total nonperforming TDRs 75 124
Performing TDRs (a) 43 57
Total TDRs $ 118 $ 181
(a) TDRs that do not include a reduction in the original contractual interest rate which are performing in accordance with their modified terms.
Performing TDRs included $23 million of commercial mortgage loans (primarily in Small Business and Commercial
Real Estate) and $20 million of commercial loans (primarily in Middle Market and Small Business) at December 31, 2014.
Loans past due 90 days or more and still accruing interest generally represent loans that are well collateralized and in a
continuing process of collection. Loans past due 90 days or more decreased $11 million to $5 million at December 31, 2014,
compared to $16 million at December 31, 2013. Loans past due 30-89 days increased $36 million to $163 million at December 31,
2014, compared to $127 million at December 31, 2013. An aging analysis of loans included in Note 4 to the consolidated financial
statements provides further information about the balances comprising past due loans.
The following table presents a summary of total criticized loans. Criticized loans with balances of $2 million or more on
nonaccrual status or whose terms have been modified in a TDR are individually subjected to quarterly credit quality reviews, and
the Corporation may establish specific allowances for such loans. A table of loans by credit quality indicator included in Note 4
to the consolidated financial statements provides further information about the balances comprising total criticized loans.
(dollar amounts in millions)
December 31 2014 2013
Total criticized loans $ 1,893 $ 2,260
As a percentage of total loans 3.9% 5.0%
At December 31, 2014, foreclosed property totaled $9 million and consisted of 88 properties, compared to $9 million
and 89 properties at December 31, 2013. The following table presents a summary of changes in foreclosed property.
(in millions)
Years Ended December 31 2014 2013
Balance at beginning of period $ 9 $ 54
Acquired in foreclosure 16 14
Write-downs (1)(10)
Foreclosed property sold (a) (14)(49)
Balance at end of period $ 10 $ 9
(a) Net gain on foreclosed property sold $ 5 $ 6
For further information regarding the Corporation's nonperforming assets policies and impaired loans, refer to Note 1
and Note 4 to the consolidated financial statements.
Concentration of Credit Risk
Concentrations of credit risk may exist when a number of borrowers are engaged in similar activities, or activities in the
same geographic region, and have similar economic characteristics that would cause them to be similarly impacted by changes in