Fifth Third Bank 2010 Annual Report Download - page 124

Download and view the complete annual report

Please find page 124 of the 2010 Fifth Third Bank annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 150

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
122 Fifth Third Bancorp
The following tables summarize the difference between the aggregate fair value and the aggregate unpaid principal balance for residential
mortgage loans measured at fair value.
($ in millions)
Aggregate
Fair Value
Aggregate Unpaid
Principal Balance Difference
As of December 31, 2010
Residential mortgage loans measured at fair value $1,938 1,913 $25
Past due loans of 90 days or more 5 6 (1)
Nonaccrual loans 1 1 -
As of December 31, 2009
Residential mortgage loans measured at fair value $1,496 1,463 $33
Past due loans of 90 days or more 3 4 (1)
Nonaccrual loans 1 1 -
Fair Value of Certain Financial Instruments
The following table summarizes carrying amounts and estimated fair values for certain financial instruments, excluding financial instruments
measured at fair value on a recurring basis at:
December 31, 2010 ($ in millions)
Carrying
Amount Fair Value
Financial assets:
Cash and due from banks $2,159 2,159
Other securities 868 868
Held-to-maturity securities 353 353
Other short-term investments 1,515 1,515
Loans held for sale 324 324
Portfolio loans and leases:
Commercial and industrial loans 26,068 27,322
Commercial mortgage loans 10,248 9,513
Commercial construction loans 1,890 1,471
Commercial leases 3,267 2,934
Residential mortgage loans (a) 8,600 7,577
Home equity 11,248 9,366
Automobile loans 10,910 10,975
Credit card 1,738 1,786
Other consumer loans and leases 622 682
Unallocated allowance for loan and lease losses (150) -
Total portfolio loans and leases, net (a) 74,441 71,626
Financial liabilities:
Deposits 81,648 81,860
Federal funds purchased 279 279
Other short-term borrowings 1,574 1,574
Long-term debt 9,558 9,921
(a) Excludes
$46
of residential mortgage loans measured at fair value on a recurring basis.
December 31, 2009 ($ in millions)
Carrying
Amount Fair Value
Financial assets:
Cash and due from banks $2,318 2,318
Other securities 893 893
Held-to-maturity securities 355 355
Other short-term investments 3,369 3,369
Loans held for sale 543 543
Portfolio loans and leases, net (a) 73,004 68,748
Financial liabilities:
Deposits 84,305 84,544
Federal funds purchased 182 182
Other short-term borrowings 1,415 1,415
Long-term debt 10,507 9,899
(a) Excludes $26 of residential mortgage loans measured at fair value on a recurring basis.