Fifth Third Bank 2014 Annual Report Download - page 110

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
108 Fifth Third Bancorp
Impaired Loans and Leases
Larger commercial loans and leases included within aggregate
borrower relationship balances exceeding $1 million that exhibit
probable or observed credit weaknesses are subject to individual
review for impairment. The Bancorp also performs an individual
review on loans and leases that are restructured in a TDR. The
Bancorp considers the current value of collateral, credit quality of
any guarantees, the loan structure, and other factors when
evaluating whether an individual loan or lease is impaired. Other
factors may include the geography and industry of the borrower,
size and financial condition of the borrower, cash flow and
leverage of the borrower, and the Bancorp’s evaluation of the
borrower’s management. Smaller balance homogenous loans or
leases that are collectively evaluated for impairment are not
included in the following tables.
The following tables summarize the Bancorp’s impaired loans and leases (by class) that were subject to individual review, which includes all
portfolio loans and leases restructured in a TDR as of December 31:
Unpaid
2014 Principal Recorded
($ in millions) Balance Investment ALLL
W
ith a related ALLL recorded:
Commercial:
Commercial and industrial loans $598 486 149
Commercial mortgage owner-occupied loans(b) 54 46 14
Commercial mortgage nonowner-occupied loans 69 57 4
Commercial construction loans 18 15 -
Commercial leases 3 3 2
Restructured residential mortgage loans 388 383 65
Restructured consumer:
Home equity 203 201 42
A
utomobile loans 19 19 3
Credit card 78 78 16
Total impaired loans and leases with a related ALLL $1,430 1,288 295
W
ith no related ALLL recorded:
Commercial:
Commercial and industrial loans $311 276 -
Commercial mortgage owner-occupied loans 72 68 -
Commercial mortgage nonowner-occupied loans 251 231 -
Commercial construction loans 48 48 -
Commercial leases 2 2 -
Restructured residential mortgage loans 155 135 -
Restructured consumer:
Home equity 183 180 -
A
utomobile loans 5 5 -
Total impaired loans and leases with no related ALLL 1,027 945 -
Total impaired loans and leases $2,457 2,233 a
(a)
295
(a) Includes
$869
,
$485
and
$420
, respectively, of commercial, residential mortgage and consumer TDRs on accrual status;
$214
,
$33
and
$63
, respectively, of commercial, residential mortgage and
consumer TDRs on nonaccrual status.
(b) Excludes five restructured nonaccrual loans at
December 31, 2014
associated with a consolidated VIE, 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
, a recorded investment of
$28
, and an allowance of
$10
.