US Bank 2012 Annual Report Download - page 100

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, 2012
Commercial ................................................. $ 65,701 $ 341 $ 58 $ 123 $ 66,223
Commercial real estate ..................................... 36,241 158 8 546 36,953
Residential mortgages (a) ................................... 42,728 348 281 661 44,018
Credit card .................................................. 16,525 227 217 146 17,115
Other retail .................................................. 47,109 290 96 217 47,712
Total loans, excluding covered loans .................... 208,304 1,364 660 1,693 212,021
Covered loans .............................................. 9,900 359 663 386 11,308
Total loans ............................................... $218,204 $1,723 $1,323 $2,079 $223,329
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
(a) At December 31, 2012, $441 million of loans 30 – 89 days past due and $3.2 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 $545
million and $2.6 billion at December 31, 2011, 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, 2012 and 2011, see
Table 16 included in Management’s Discussion and Analysis
which is incorporated by reference into these Notes to
Consolidated Financial Statements.
The following table provides a summary of loans by portfolio class and the Company’s internal credit quality rating:
Criticized
(Dollars in Millions) Pass
Special
Mention Classified (a)
Total
Criticized Total
December 31, 2012
Commercial .......................................................... $ 63,906 $1,114 $1,203 $ 2,317 $ 66,223
Commercial real estate .............................................. 34,096 621 2,236 2,857 36,953
Residential mortgages (b) ............................................ 42,897 18 1,103 1,121 44,018
Credit card ........................................................... 16,752 – 363 363 17,115
Other retail ........................................................... 47,294 36 382 418 47,712
Total loans, excluding covered loans ............................. 204,945 1,789 5,287 7,076 212,021
Covered loans ....................................................... 10,786 61 461 522 11,308
Total loans ........................................................ $215,731 $1,850 $5,748 $ 7,598 $223,329
Total outstanding commitments ..................................... $442,047 $3,231 $6,563 $ 9,794 $451,841
December 31, 2011
Commercial .......................................................... $ 54,003 $1,047 $1,598 $ 2,645 $ 56,648
Commercial real estate .............................................. 30,733 793 4,325 5,118 35,851
Residential mortgages (b) ............................................ 35,814 19 1,249 1,268 37,082
Credit card ........................................................... 16,910 – 450 450 17,360
Other retail ........................................................... 47,665 24 418 442 48,107
Total loans, excluding covered loans ............................. 185,125 1,883 8,040 9,923 195,048
Covered loans ....................................................... 13,966 187 634 821 14,787
Total loans ........................................................ $199,091 $2,070 $8,674 $10,744 $209,835
Total outstanding commitments ..................................... $410,457 $3,418 $9,690 $13,108 $423,565
(a) Classified rating on consumer loans primarily based on delinquency status.
(b) At December 31, 2012, $3.2 billion of GNMA loans 90 days or more past due and $2.4 billion of restructured GNMA loans whose repayments are insured by the Federal Housing
Administration or guaranteed by the Department of Veterans Affairs were classified with a pass rating, compared with $2.6 billion and $2.0 billion at December 31, 2011, respectively.
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