US Bank 2012 Annual Report Download - page 102

Download and view the complete annual report

Please find page 102 of the 2012 US 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 163

  • 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

Additional information on impaired loans for the years ended December 31 follows:
(Dollars in Millions)
Average
Recorded
Investment
Interest
Income
Recognized
2012
Commercial ......................................................................................................... $ 470 $ 18
Commercial real estate .............................................................................................. 1,314 43
Residential mortgages ............................................................................................... 2,717 130
Credit card .......................................................................................................... 510 28
Other retail........................................................................................................... 301 19
Total impaired loans, excluding GNMA and covered loans ....................................................... 5,312 238
Loans purchased from GNMA mortgage pools ...................................................................... 1,448 73
Covered loans ....................................................................................................... 980 29
Total .............................................................................................................. $7,740 $340
2011
Commercial ......................................................................................................... $ 534 $ 12
Commercial real estate .............................................................................................. 1,537 18
Residential mortgages ............................................................................................... 2,557 100
Credit card .......................................................................................................... 485 15
Other retail........................................................................................................... 164 5
Total impaired loans, excluding GNMA and covered loans ....................................................... 5,277 150
Loans purchased from GNMA mortgage pools ...................................................................... 710 25
Covered loans ....................................................................................................... 780 11
Total .............................................................................................................. $6,767 $186
2010
Commercial ......................................................................................................... $ 693 $ 8
Commercial real estate .............................................................................................. 1,601 2
Residential mortgages ............................................................................................... 2,297 72
Credit card .......................................................................................................... 418 11
Other retail........................................................................................................... 150 6
Total .............................................................................................................. $5,159 $ 99
98 U.S. BANCORP