Fifth Third Bank 2011 Annual Report Download - page 98
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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
96 Fifth Third Bancorp
Impaired Loans and Leases
Larger commercial loans included within aggregate borrower
relationship balances exceeding $1 million that exhibit probable or
observed credit weaknesses are subject to individual review for
impairment. The Bancorp also performs an individual review on
loans that are restructured in a troubled debt restructuring. The
Bancorp considers the current value of collateral, credit quality of
any guarantees, the loan structure, and other factors when
evaluating whether an individual loan is impaired. Other factors
may include the geography and industry of the borrower, size and
financial condition of the borrower, cash flow and leverage of the
borrower, and the Bancorp’s evaluation of the borrower’s
management. Smaller-balance homogenous loans that are
collectively evaluated for impairment are not included in the
following tables.
The following table summarizes the Bancorp’s impaired loans and leases (by class) that were subject to individual review as of December 31, 2011:
Unpaid
A
s of December 31, 2011 Principal Recorded
($ in millions) Balance Investment Allowance
W
ith a related allowance recorded:
Commercial:
Commercial and industrial loans $330 246 102
Commercial mortgage owner-occupied loans 66 52 10
Commercial mortgage nonowner-occupied loans 203 147 24
Commercial construction loans 213 120 18
Commercial leases 11 10 2
Restructured residential mortgage loans 1,091 1,038 131
Restructured consumer:
Home equity 401 397 46
A
utomobile loans 37 37 5
Credit card 94 88 14
Other consumer loans and leases 2 2 -
Total impaired loans with a related allowance $2,448 2,137 352
W
ith no related allowance recorded:
Commercial:
Commercial and industrial loans $375 265 -
Commercial mortgage owner-occupied loans 78 69 -
Commercial mortgage nonowner-occupied loans 191 157 -
Commercial construction loans 143 105 -
Commercial leases 2 2 -
Restructured residential mortgage loans 276 228 -
Restructured consumer:
Home equity 48 46 -
A
utomobile loans 4 4 -
Total impaired loans with no related allowance 1,117 876 -
Total impaired loans $3,565 3,013
(a)
352
(a) Includes
$390
,
$1,117
and
$495
, respectively, of commercial, residential mortgage and consumer TDRs on accrual status;
$160
,
$141
and
$79
, respectively, of commercial, residential mortgage and
consumer TDRs on nonaccrual status.