Fifth Third Bank 2009 Annual Report Download - page 53

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MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
Fifth Third Bancorp 51
TABLE 41: SUMMARY OF NONPERFORMING ASSETS AND DELINQUENT LOANS
A
s of December 31 ($ in millions) 2009 2008 2007 2006 2005
Nonaccrual loans and leases:
Commercial loans $734 541 175 127 140
Commercial mortgage loans 898 482 243 84 51
Commercial construction loans 646 362 249 54 31
Commercial leases 67 21 5 6 5
Residential mortgage loans 275 259 92 38 30
Home equity 21 26 45 40 -
Automobile loans 153 3-
Other consumer loans and leases --1 -37
Restructured loans and leases:
Commercial loans 47 -- --
Residential mortgage loans (a) 137 20 27 - -
Home equity (a) 33 29 11 - -
Automobile loans (a) 11- --
Credit card 87 30 5 - -
Total nonperforming loans and leases 2,947 1,776 856 352 294
Repossessed personal property and other real estate owned 297 230 171 103 67
Total nonperforming assets (b) 3,244 2,006 1,027 455 361
Nonaccrual loans held for sale 224 473 - - -
Total nonperforming assets including loans held for sale $3,468 2,479 1,027 455 361
Commercial loans $118 76 44 38 20
Commercial mortgage loans 59 136 73 17 7
Commercial construction loans 17 74 67 6 7
Commercial leases 444 21
Residential mortgage loans(c) 189 198 186 68 53
Home equity 99 96 72 51
A
utomobile loans 17 21 13 11
Credit card 64 56 31 16 10
Other consumer loans and leases -11 157
Total 90 days past due loans and leases $567 662 491 210 155
Nonperforming assets as a percent of total loans, leases and other assets,
including other real estate owned (b) 4.22 % 2.38 1.25 .61 .52
A
llowance for loan and lease losses as a percent of nonperforming assets (b) 116 139 93 170 206
(a) During 2009, the Bancorp modified its consumer nonaccrual policy to exclude troubled debt restructured loans that were less than 90 days past due because they were performing in accordance with
the restructured terms. For comparability purposes, prior periods were adjusted to reflect this reclassification.
(b) Does not include nonaccrual loans held for sale.
(c) Information for all periods presented excludes advances made pursuant to servicing agreements to Government National Mortgage Association (GNMA) mortgage pools whose repayments are
insured by the Federal Housing Administration or guaranteed by the Department of Veterans Affairs. As of December 31, 2009, 2008, 2007, 2006 and 2005, these advances were $130
million, $40 million, $25 million, $14 million and $13 million, respectively.