Fifth Third Bank 2013 Annual Report Download - page 110

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
108 Fifth Third Bancorp
TDR and subsequently become past due 90 days are classified as
nonperforming, unless the loan is both well secured and in the
process of collection. Credit card loans that have been modified in a
TDR are classified as nonperforming unless such loans have a
sustained repayment performance of six months or greater and are
reasonably assured of repayment in accordance with the
restructured terms. Well secured loans are collateralized by
perfected security interests in real and/or personal property for
which the Bancorp estimates proceeds from sale would be sufficient
to recover the outstanding principal and accrued interest balance of
the loan and pay all costs to sell the collateral. The Bancorp
considers a loan in the process of collection if collection efforts or
legal action is proceeding and the Bancorp expects to collect funds
sufficient to bring the loan 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:
2013 2012
($ in millions) Performing Nonperforming Performing Nonperforming
Residential mortgage loans(a) $ 12,423 165 11,704 237
Home equity 9,153 93 9,965 53
A
utomobile loans 11,982 2 11,970 2
Credit card 2,261 33 2,058 39
Other consumer loans and leases 364 - 289 1
Total $ 36,183 293 35,986 332
(a) Excludes
$92
and $76 of loans measured at fair value at
December 31, 2013
and 2012, respectively.
Age Analysis of Past Due Loans and Leases
The following tables summarize the Bancorp’s recorded investment in portfolio loans and leases by age and class:
Past Due
Current 90 Days 90 Days Past
A
s of December 31, 2013 Loans and 30-89 and Total Total Loans Due and Still
($ in millions) Leases(c) Days(c) Greater(c) Past Due and Leases Accruing
Commercial:
Commercial and industrial loans $39,118 53 145 198 39,316 -
Commercial mortgage owner occupied loans 4,423 15 69 84 4,507 -
Commercial mortgage non-owner occupied loans 3,515 9 35 44 3,559 -
Commercial construction loans 1,010 - 29 29 1,039 -
Commercial leases 3,620 - 5 5 3,625 -
Residential mortgage loans(a)(b) 12,284 73 231 304 12,588 66
Consumer:
Home equity 9,058 102 86 188 9,246 -
A
utomobile loans 11,919 55 10 65 11,984 8
Credit card 2,225 36 33 69 2,294 29
Other consumer loans and leases 362 2 - 2 364 -
Total portfolio loans and leases(a) $87,534 345 643 988 88,522 103
(a) Excludes $92 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, 2013, $81 of these loans were 30-89 days past due and $378 were 90 days or more past due. The
Bancorp recognized $5 million of losses for the year ended December 31, 2013 due to claim denials and curtailments associated with these advances.
(c) Includes accrual and nonaccrual loans and leases.