Fifth Third Bank 2014 Annual Report Download - page 70

Download and view the complete annual report

Please find page 70 of the 2014 Fifth Third Bank annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 192

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
68 Fifth Third Bancorp
TABLE 49: SUMMARY OF NONPERFORMING ASSETS AND DELINQUENT LOANS
A
s of December 31 ($ in millions) 2014 2013 2012 2011 2010
Nonaccrual loans and leases:
Commercial and industrial loans $86 127 234 408 473
Commercial mortgage loans 64 90 215 358 407
Commercial construction loans - 10 70 123 182
Commercial leases 3 3 1 9 11
Residential mortgage loans 44 83 114 134 152
Home equity 72 74 30 25 23
A
utomobile loans - - - - 1
Other consumer loans and leases - - 1 1 84
Restructured loans and leases:
Commercial and industrial loans 142 154 96 79 95
Commercial mortgage loans(e) 71 53 67 63 28
Commercial construction loans - 19 6 15 10
Commercial leases 1 2 8 3 8
Residential mortgage loans 33 83 123 141 116
Home equity 21 19 23 29 33
A
utomobile loans 1 1 2 2 2
Credit card and other 41 33 39 48 55
Total nonperforming portfolio loans and leases(d) 579 751 1,029 1,438 1,680
OREO and other repossessed property(c) 165 229 257 378 494
Total nonperforming portfolio assets 744 980 1,286 1,816 2,174
Nonaccrual loans held for sale 39 6 29 138 294
Total nonperforming assets including loans held for sale $783 986 1,315 1,954 2,468
Loans and leases 90 days past due and accruing:
Commercial and industrial loans $ - - 1 4 16
Commercial mortgage loans - - 22 3 11
Commercial construction loans - - 1 1 3
Residential mortgage loans(b) 56 66 75 79 100
Home equity - - 58 74 89
A
utomobile loans 8 8 8 9 13
Credit card and other 23 29 30 30 42
Total loans and leases 90 days past due and accruing $ 87 103 195 200 274
Nonperforming assets as a percent of portfolio loans, leases and
other assets, including OREO(a) 0.82 % 1.10 1.49 2.23 2.79
A
llowance for loan and lease losses as a percent of
nonperforming assets(a) 178 161 144 124 138
(a) Excludes nonaccrual loans held for sale.
(b) Information for all periods presented excludes loans whose repayments are insured by the FHA or guaranteed by the VA. As of
December 31, 2014
, 2013, 2012, 2011, and 2010 these advances
were
$373
, $378, $414, $309 and $279, respectively. The Bancorp recognized losses of
$13
for the year ended
December 31, 2014,
$5 for 2013 and $2 for 2012 due to claim denials and
curtailments associated with these advances.
(c) Excludes
$71
, $77, $72, $64 and $38 of OREO related to government insured loans at
December 31, 2014
, 2013, 2012, 2011 and 2010, respectively.
(d) Includes
$9
, $10, $10, $17 and $24 of nonaccrual government insured commercial loans whose repayments are insured by the SBA at
December 31, 2014
, 2013, 2012, 2011 and 2010,
respectively, and
$4,
$2, $1, $2, and $0 of restructured nonaccrual government insured commercial loans at
December 31, 2014
, 2013, 2012, 2011 and 2010, respectively.
(e) Excludes
$21
of restructured nonaccrual loans at
December 31, 2014
and 2013 associated with a consolidated VIE in which the Bancorp has no continuing credit risk due to the risk being
assumed by a third party.