US Bank 2011 Annual Report Download - page 91
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The following table provides a summary of loans by portfolio class, including the delinquency status of those that continue to
accrue interest, and those that are nonperforming:
Accruing
(Dollars in Millions) Current
30-89 Days
Past Due
90 Days or
More Past Due Nonperforming Total
December 31, 2011
Commercial ................................................. $ 55,991 $ 300 $ 45 $ 312 $ 56,648
Commercial real estate ..................................... 34,800 138 14 899 35,851
Residential mortgages (a) ................................... 35,664 404 364 650 37,082
Credit card .................................................. 16,662 238 236 224 17,360
Other retail .................................................. 47,516 340 184 67 48,107
Total loans, excluding covered loans .................... 190,633 1,420 843 2,152 195,048
Covered loans .............................................. 12,589 362 910 926 14,787
Total loans ............................................... $203,222 $1,782 $1,753 $3,078 $209,835
December 31, 2010
Commercial ................................................. $ 47,412 $ 325 $ 64 $ 597 $ 48,398
Commercial real estate ..................................... 32,986 415 1 1,293 34,695
Residential mortgages (a) ................................... 29,140 456 500 636 30,732
Credit card .................................................. 15,993 269 313 228 16,803
Other retail .................................................. 47,706 404 216 65 48,391
Total loans, excluding covered loans .................... 173,237 1,869 1,094 2,819 179,019
Covered loans .............................................. 14,951 757 1,090 1,244 18,042
Total loans ............................................... $188,188 $2,626 $2,184 $4,063 $197,061
(a) At December 31, 2011, $545 million of loans 30 – 89 days past due and $2.6 billion of loans 90 days or more past due purchased from Government National Mortgage Association (“GNMA”)
mortgage pools whose repayments are insured by the Federal Housing Administration or guaranteed by the Department of Veterans Affairs, were classified as current, compared with $439
million and $2.6 billion at December 31, 2010, respectively.
Total nonperforming assets include nonaccrual loans,
restructured loans not performing in accordance with
modified terms, other real estate and other nonperforming
assets owned by the Company. For details of the Company’s
nonperforming assets as of December 31, 2011 and 2010, see
Table 16 included in Management’s Discussion and Analysis
which is incorporated by reference into these Notes to
Consolidated Financial Statements.
U.S. BANCORP 89