Fifth Third Bank 2011 Annual Report Download - page 99

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Fifth Third Bancorp 97
The following table summarizes the Bancorp’s average impaired loans and leases and interest income by class for the year ended December 31,
2011:
For the year ended
December 31, 2011
Average Interest
Recorded Income
($ in millions) Investment Recognized
Commercial:
Commercial and industrial loans $532 5
Commercial mortgage owner-occupied loans 117 2
Commercial mortgage nonowner-occupied loans 288 5
Commercial construction loans 198 3
Commercial leases 16 -
Restructured residential mortgage loans 1,217 41
Restructured consumer:
Home equity 444 23
A
utomobile loans 41 1
Credit card 94 3
Other consumer loans and leases 21 -
Total impaired loans $2,968 83
The following table summarizes the Bancorp’s impaired loans and leases (by class) that were subject to individual review as of December 31,
2010:
Unpaid
Principal Recorded
($ in millions) Balance Investment Allowance
W
ith a related allowance recorded:
Commercial:
Commercial and industrial loans $404 291 128
Commercial mortgage owner-occupied loans 49 37 4
Commercial mortgage nonowner-occupied loans 386 202 40
Commercial construction loans 240 150 31
Commercial leases 15 15 7
Restructured residential mortgage loans 1,126 1,071 121
Restructured consumer:
Home equity 400 397 53
A
utomobile loans 33 32 5
Credit card 100 100 18
Other consumer loans and leases 78 78 31
Total impaired loans with a related allowance $2,831 2,373 438
W
ith no related allowance recorded:
Commercial:
Commercial and industrial loans $194 153 -
Commercial mortgage owner-occupied loans 113 99 -
Commercial mortgage nonowner-occupied loans 126 108 -
Commercial construction loans 24 8 -
Commercial leases 17 17 -
Restructured residential mortgage loans 146 121 -
Restructured consumer:
Home equity 48 46 -
A
utomobile loans 6 6 -
Total impaired loans with no related allowance 674 558 -
Total impaired loans $3,505 2,931 (a) 438
(a) Includes $228, $1,066 and $492, respectively, of commercial, residential mortgage and consumer TDRs on accrual status; $141, $116 and $90, respectively, of commercial, residential mortgage and
consumer TDRs on nonaccrual status.
During the year ended December 31, 2010 and 2009, interest income of $74 million and $54 million, was recognized on impaired loans that had an
average balance of $3.2 billion and $2.9 billion, respectively.