Fifth Third Bank 2013 Annual Report Download - page 113
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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
111 Fifth Third Bancorp
Unpaid
2012 Principal Recorded
($ in millions) Balance Investment Allowance
W
ith a related allowance recorded:
Commercial:
Commercial and industrial loans $263 194 65
Commercial mortgage owner occupied loans 54 43 5
Commercial mortgage non-owner occupied loans 215 160 16
Commercial construction loans 48 37 5
Commercial leases 8 8 5
Restructured residential mortgage loans 1,067 1,023 137
Restructured consumer:
Home equity 400 396 46
A
utomobile loans 31 30 4
Credit card 74 74 12
Other consumer loans and leases 2 2 -
Total impaired loans and leases with a related allowance $2,162 1,967 295
W
ith no related allowance recorded:
Commercial:
Commercial and industrial loans $207 169 -
Commercial mortgage owner occupied loans 107 99 -
Commercial mortgage non-owner occupied loans 209 199 -
Commercial construction loans 109 67 -
Commercial leases 5 5 -
Restructured residential mortgage loans 326 275 -
Restructured consumer:
Home equity 40 39 -
A
utomobile loans 3 3 -
Total impaired loans and leases with no related allowance 1,006 856 -
Total impaired loans and leases $3,168 2,823 a(a) 295
(a) Includes $431, $1,175 and $480, respectively, of commercial, residential mortgage and consumer TDRs on accrual status; $177, $123 and $64, respectively, of commercial, residential mortgage and
consumer TDRs on nonaccrual status.
The following table summarizes the Bancorp’s average impaired loans and leases and interest income by class for the year ended December 31:
2013 2012
Average Interest Average Interest
Recorded Income Recorded Income
($ in millions) Investment Recognized Investment Recognized
Commercial:
Commercial and industrial loans $517 16 448 4
Commercial mortgage owner occupied loans(a) 146 4 156 4
Commercial mortgage non-owner occupied loans 321 8 361 10
Commercial construction loans 108 4 160 2
Commercial leases 11 - 10 -
Restructured residential mortgage loans 1,311 53 1,276 47
Restructured consumer:
Home equity 429 23 439 24
A
utomobile loans 29 1 38 1
Credit card 68 4 80 4
Other consumer loans and leases 2 - 1 -
Total impaired loans and leases $2,942 113 2,969 96
(a) Excludes five restructured nonaccrual loans at
December 31, 2013
associated with a consolidated variable interest entity, in which the Bancorp has no continuing credit risk due to the risk being
assumed by a third party, with an unpaid principal balance of
$28
, an average recorded investment of
$29
, and an allowance of
$11
.