Fifth Third Bank 2011 Annual Report Download - page 61

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MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
Fifth Third Bancorp 59
The following tables provide analysis of home equity loans by state with LTV greater than 80% as of December 31, 2011 and 2010.
TABLE 39: HOME EQUITY LOANS OUTSTANDING WITH LTV GREATER THAN 80%
A
s of December 31, 2011 ($ in millions)
For the Year Ended
December 31, 2011
90 Days
Net Charge-offs By State: Outstanding Exposure Past Due Nonaccrual
Ohio $ 1,393 2,083 12 7 33
Michigan 884 1,197 8 4 37
Illinois 448 630 8 2 17
Indiana 391 573 2 2 9
Kentucky 366 549 3 2 8
Florida 146 190 4 3 17
A
ll other states 409 519 5 2 19
Total $ 4,037 5,741 42 22 140
TABLE 40: HOME EQUITY LOANS OUTSTANDING WITH LTV GREATER THAN 80%
A
s of December 31, 2010 ($ in millions)
For the Year Ended
December 31, 2010
90 Days
Net Charge-offs By State: Outstanding Exposure Past Due Nonaccrual
Ohio $ 1,576 2,288 9 7 35
Michigan 998 1,317 9 5 50
Illinois 482 662 5 3 22
Indiana 451 638 4 2 10
Kentucky 421 614 3 2 9
Florida 172 218 8 4 21
A
ll other states 466 568 7 4 28
Total $ 4,566 6,305 45 27 175
Automobile Portfolio
The automobile portfolio is characterized by direct and indirect
lending products to consumers. As of December 31, 2011, 49% of
the automobile loan portfolio is comprised of new automobiles. It is
a common practice to advance on automobile loans an amount in
excess of the automobile value due to the inclusion of taxes, title,
and other fees paid at closing. The Bancorp monitors its exposure
to these higher risk loans. The following table provides an analysis
of automobile loans outstanding by LTV at origination:
TABLE 41: AUTOMOBILE LOANS OUTSTANDING WITH LTV AT ORIGINATION
2011 2010
Weighted
Average
LTV's
Weighted
Average LTV's
A
s of December 31 ($ in millions) Outstanding Outstanding
LTV ≤ 100 % $ 7,805 81.7 % 6,853 81.8 %
LTV > 100% 4,022 111.5 4,130 112.8
Total $ 11,827 92.1 % 10,983 93.8 %
The following tables provide analysis of the Bancorp’s automobile loans with a LTV at origination greater than 100% as of December 31, 2011
and 2010, respectively.
TABLE 42: AUTOMOBILE LOANS OUTSTANDING WITH LTV GREATER THAN 100%
A
s of December 31, 2011 ($ in millions)
For the Year Ended
December 31, 2011
90 Days
Net Charge-offs By State: Outstanding Past Due Nonaccrual
Ohio $ 425 1 - 3
Illinois 291 - - 3
Michigan 245 - - 2
Indiana 181 - - 2
Florida 192 - - 3
Kentucky 158 - - 1
A
ll other states 2,530 3 2 20
Total $ 4,022 4 2 34