Fifth Third Bank 2013 Annual Report Download - page 72

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
70 Fifth Third Bancorp
TABLE 49: SUMMARY OF NONPERFORMING ASSETS AND DELINQUENT LOANS
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s of December 31 ($ in millions) 2013 2012 2011 2010 2009
Nonaccrual loans and leases:
Commercial and industrial loans $127 234 408 473 734
Commercial mortgage loans 90 215 358 407 898
Commercial construction loans 10 70 123 182 646
Commercial leases 3 1 9 11 67
Residential mortgage loans 83 114 134 152 275
Home equity 74 30 25 23 21
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utomobile loans - - - 1 1
Other consumer loans and leases - 1 1 84 -
Restructured loans and leases:
Commercial and industrial loans 154 96 79 95 35
Commercial mortgage loans(f) 53 67 63 28 4
Commercial construction loans 19 6 15 10 8
Commercial leases 2 8 3 8 -
Residential mortgage loans 83 123 141 116 137
Home equity 19 23 29 33 33
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utomobile loans 1 2 2 2 1
Credit card and other 33 39 48 55 87
Total nonperforming loans and leases(d) 751 1,029 1,438 1,680 2,947
OREO and other repossessed property(c) 229 257 378 494 297
Total nonperforming assets 980 1,286 1,816 2,174 3,244
Nonaccrual loans held for sale 6 29 138 294 224
Total nonperforming assets including loans held for sale $986 1,315 1,954 2,468 3,468
Loans and leases 90 days past due and accruing:
Commercial and industrial loans $ - 1 4 16 118
Commercial mortgage loans - 22 3 11 59
Commercial construction loans - 1 1 3 17
Commercial leases - - - - 4
Residential mortgage loans(b) 66 75 79 100 189
Home equity - 58 74 89 99
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utomobile loans 8 8 9 13 17
Credit card and other 29 30 30 42 64
Total loans and leases 90 days past due and accruing(e) $ 103 195 200 274 567
Nonperforming assets as a percent of portfolio loans, leases and
other assets, including OREO(a) 1.10 % 1.49 2.23 2.79 4.22
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llowance for loan and lease losses as a percent of
nonperforming assets(a) 161 144 124 138 116
(a) Excludes nonaccrual loans held for sale.
(b) Information for all periods presented excludes advances made pursuant to servicing agreements to GNMA mortgage loan pools whose repayments are insured by the Federal Housing Administration
or guaranteed by the Department of Veterans Affairs. As of December 31, 2013 , 2012, 2011, 2010, and 2009 these advances were $378 , $414, $309, $279 and $130, respectively. The
Bancorp recognized credit losses of $5 for the year ended December 31, 2013 and $2 for 2012 due to claim denials and curtailments associated with these advances.
(c) Excludes $77 , $72, $64, $38 and $15 of OREO related to government insured loans at December 31, 2013 , 2012, 2011, 2010, and 2009, respectively.
(d) Includes $10 , $10, $17, $24, and $32 of nonaccrual government insured commercial loans whose repayments are insured by the SBA at December 31, 2013 , 2012, 2011, 2010, and 2009,
respectively, and $2, $1, $2, $0, and $0 of restructured nonaccrual government insured commercial loans at December 31, 2013 , 2012, 2011, 2010, and 2009, respectively.
(e) Includes an immaterial amount of government insured commercial loans 90 days past due and accruing whose repayments are insured by the SBA at December 31, 2013 , 2012, 2011, 2010,
and 2009.
(f) Excludes $21 of 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.