Fifth Third Bank 2012 Annual Report Download - page 104

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
102 Fifth Third Bancorp
current or recover the entire outstanding principal and accrued interest balance.
The following table presents a summary of the Bancorp’s residential mortgage and consumer portfolio segments disaggregated into performin
g
v
ersus nonperforming status as of December 31:
2012 2011
($ in millions) Performing Nonperforming Performing Nonperforming
Residential mortgage loans(a) $ 11,704 237 10,332 275
Home equity 9,965 53 10,665 54
A
utomobile loans 11,970 2 11,825 2
Credit card 2,058 39 1,930 48
Other consumer loans and leases 289 1 349 1
Total $ 35,986 332 35,101 380
(a) Excludes
$76
and $65 of loans measured at fair value at
December 31, 2012
and 2011, respectively.
Age Analysis of Past Due Loans and Leases
The following tables summarize the Bancorp’s recorded investment in portfolio loans and leases by age and class:
Past Due
Current 90 Days 90 Days Past
A
s of December 31, 2012 Loans and 30-89 and Total Total Loans Due and Still
($ in millions) Leases(c) Days(c) Greater(c) Past Due and Leases Accruing
Commercial:
Commercial and industrial loans $35,826 46 166 212 36,038 1
Commercial mortgage owner-occupied loans 4,752 29 95 124 4,876 22
Commercial mortgage nonowner-occupied loans 4,094 21 112 133 4,227 -
Commercial construction loans 622 - 76 76 698 1
Commercial leases 3,546 2 1 3 3,549 -
Residential mortgage loans(a)(b) 11,547 87 307 394 11,941 75
Home equity 9,782 126 110 236 10,018 58
A
utomobile loans 11,900 62 10 72 11,972 8
Credit card 2,025 38 34 72 2,097 30
Other consumer loans and leases 287 2 1 3 290 -
Total portfolio loans and leases(a)(d) $84,381 413 912 1,325 85,706 195
(a) Excludes $76 of loans measured at fair value.
(b) Information for current residential mortgage loans includes advances made pursuant to servicing agreements for GNMA mortgage pools whose repayments are insured by the Federal Housing
Administration or guaranteed by the Department of Veterans Affairs. As of December 31, 2012, $80 of these loans were 30-89 days past due and $414 were 90 days or more past due. The
Bancorp recognized $2 million of losses for the year ended December 31, 2012 due to claim denials and curtailments associated with these advances.
(c) Includes accrual and nonaccrual loans and leases.
(d) Includes an immaterial amount of government insured commercial loans 30-89 days and 90 days past due and accruing whose repayments are insured by the Small Business Administration at
December 31, 2012.
Past Due
Current 90 Days 90 Days Past
A
s of December 31, 2011 Loans and 30-89 and Total Total Loans Due and Still
($ in millions) Leases(c) Days(c) Greater(c) Past Due and Leases Accruing
Commercial:
Commercial and industrial loans $30,493 49 241 290 30,783 4
Commercial mortgage owner-occupied loans 5,088 62 116 178 5,266 1
Commercial mortgage nonowner-occupied loans 4,649 41 182 223 4,872 2
Commercial construction loans 887 12 121 133 1,020 1
Commercial leases 3,521 4 6 10 3,531 -
Residential mortgage loans(a)(b) 10,149 110 348 458 10,607 79
Consumer:
Home equity 10,455 136 128 264 10,719 74
A
utomobile loans 11,744 71 12 83 11,827 9
Credit card 1,873 33 72 105 1,978 30
Other consumer loans and leases 348 1 1 2 350 -
Total portfolio loans and leases(a)(d) $ 79,207 519 1,227 1,746 80,953 200
(a) Excludes $65 of loans measured at fair value.
(b) Information for current residential mortgage loans includes advances made pursuant to servicing agreements for GNMA mortgage pools whose repayments are insured by the Federal Housing
Administration or guaranteed by the Department of Veterans Affairs. As of December 31, 2011, $45 of these loans were 30-89 days past due and $309 were 90 days or more past due. The
Bancorp recognized an immaterial amount of losses for the year ended December 31, 2011 due to claim denials and curtailments associated with these advances.
(c) Includes accrual and nonaccrual loans and leases.
(d) Includes an immaterial amount of government insured commercial loans 30-89 and 90 days past due and accruing whose repayments are insured by the Small Business Administration at December
31, 2011.