US Bank 2012 Annual Report Download - page 103

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Troubled Debt Restructurings In certain circumstances, the Company may modify the terms of a loan to maximize the collection
of amounts due when a borrower is experiencing financial difficulties or is expected to experience difficulties in the near-term.
The following table provides a summary of loans modified as TDRs for the years ended December 31, by portfolio class:
(Dollars in Millions)
Number
of Loans
Pre-Modification
Outstanding
Loan Balance
Post-Modification
Outstanding
Loan Balance
2012
Commercial ...................................................................................... 4,843 $ 307 $ 272
Commercial real estate ........................................................................... 312 493 461
Residential mortgages ............................................................................ 4,616 638 623
Credit card ....................................................................................... 49,320 241 255
Other retail........................................................................................ 10,461 279 275
Total loans, excluding GNMA and covered loans .............................................. 69,552 1,958 1,886
Loans purchased from GNMA mortgage pools ................................................... 9,518 1,280 1,245
Covered loans .................................................................................... 192 277 263
Total loans ..................................................................................... 79,262 $3,515 $3,394
2011
Commercial ...................................................................................... 5,285 $ 456 $ 427
Commercial real estate ........................................................................... 506 1,078 1,060
Residential mortgages ............................................................................ 3,611 708 704
Credit card ....................................................................................... 55,951 322 321
Other retail........................................................................................ 4,028 73 72
Total loans, excluding GNMA and covered loans .............................................. 69,381 2,637 2,584
Loans purchased from GNMA mortgage pools ................................................... 9,569 1,277 1,356
Covered loans .................................................................................... 283 604 575
Total loans ..................................................................................... 79,233 $4,518 $4,515
Residential mortgages, home equity and second
mortgages, and loans purchased from Government National
Mortgage Association (“GNMA”) mortgage pools in the table
above include trial period arrangements offered to customers
during the periods presented. The post-modification balances
for these loans reflect the current outstanding balance until a
permanent modification is made. In addition, the post-
modification balances typically include capitalization of
unpaid accrued interest and/or fees under the various
modification programs. At December 31, 2012, 156
residential mortgages, 36 home equity and second mortgage
loans and 583 loans purchased from GNMA mortgage pools
with outstanding balances of $24 million, $2 million and $93
million, respectively, were in a trial period and have estimated
post-modification balances of $24 million, $2 million and $85
million, respectively, assuming permanent modification occurs
at the end of the trial period.
U.S. BANCORP 99