Navy Federal Credit Union 2015 Annual Report Download - page 43

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Navy Federal Credit Union24
For the year ended December 31, 2015, TDRs that were more than 90 days delinquent within the
first 12 months after modification totaled $123.6 million, which included $60.6 million of consumer
loans, $44.3 million of credit card loans and $18.7 million of real estate loans.
For the year ended December 31, 2014, TDRs that were more than 90 days delinquent within the
first 12 months after modification totaled $92.5 million, which included $35.6 million of consumer
loans, $28.1 million of credit card loans and $28.8 million of real estate loans. The December 31, 2014
amount for TDRs that were more than 90 days delinquent within the first 12 months after
modification has been revised from previously reported amount of $5.8 million to $92.5 million.
The revised amount is not material to financial statements.
At December 31, 2015 and 2014, there were no unfunded commitments related to loans that had
previously been modified as TDRs.
Impaired Loans
Loans defined as individually impaired include business real estate loans and TDR loans. The
following table represents information about our impaired loans as of and for the years ended
December 31, 2015 and 2014:
December 31, 2015
Loan Amount Associated
Allowance Average Balance Interest Income
(cash basis)
(dollars in thousands)
Impaired Loans with an associated allowance
Consumer $ 456,143 $ 71,675 $ 429,397 $ 43,974
Credit card 284,656 62,994 271,226 28,851
Real estate 491,160 76,056 524,193 19,988
Business real estate 5,615 127 3,083 271
Total Impaired Loans with
an associated allowance $ 1,237,574 $ 210,853 $ 1,227,899 $ 93,084
Impaired Loans without an associated allowance
Consumer $ 720 $ — $ 1,282 $ 684
Credit card 1,556 — 1,691 262
Real estate 58,880 — 33,839 2,695
Business real estate 202,244 — 170,575 7,453
Total Impaired Loans without
an associated allowance $ 263,400 $ — $ 207,386 $ 11,094
Total Impaired Loans $ 1,500,973 $ 210,853 $ 1,435,285 $ 104,178