US Bank 2012 Annual Report Download - page 46

December 31, 2012, compared with $1.8 billion ($843 million
excluding covered loans) at December 31, 2011, and $2.2
billion ($1.1 billion excluding covered loans) at December 31,
2010. The $183 million (21.7 percent) decrease, excluding
covered loans, reflected improvement in residential mortgages,
credit card and other retail loan portfolios during 2012. These
loans are not included in nonperforming assets and continue
to accrue interest because they are adequately secured by
collateral, are in the process of collection and are reasonably
expected to result in repayment or restoration to current
status, or are managed in homogeneous portfolios with
specified charge-off timeframes adhering to regulatory
guidelines. The ratio of accruing loans 90 days or more past
due to total loans was .59 percent (.31 percent excluding
covered loans) at December 31, 2012, compared with
.84 percent (.43 percent excluding covered loans) at
December 31, 2011, and 1.11 percent (.61 percent excluding
covered loans) at December 31, 2010.
The following table provides summary delinquency information for residential mortgages, credit card and other retail loans
included in the consumer lending segment:
Amount
As a Percent of Ending
Loan Balances
At December 31
(Dollars in Millions) 2012 2011 2012 2011
Residential Mortgages (a)
30-89 days ................................................................. $ 348 $ 404 .79% 1.09%
90 days or more ............................................................ 281 364 .64 .98
Nonperforming ............................................................. 661 650 1.50 1.75
Total ..................................................................... $1,290 $1,418 2.93% 3.82%
Credit Card
30-89 days ................................................................. $ 227 $ 238 1.33% 1.37%
90 days or more ............................................................ 217 236 1.27 1.36
Nonperforming ............................................................. 146 224 .85 1.29
Total ..................................................................... $ 590 $ 698 3.45% 4.02%
Other Retail
Retail Leasing
30-89 days ................................................................. $ 12 $ 10 .22% .19%
90 days or more ............................................................ 1 1 .02 .02
Nonperforming ............................................................. 1 – .02 –
Total ..................................................................... $ 14 $ 11 .26% .21%
Home Equity and Second Mortgages
30-89 days ................................................................. $ 126 $ 162 .76% .90%
90 days or more ............................................................ 51 133 .30 .73
Nonperforming ............................................................. 189 40 1.13 .22
Total ..................................................................... $ 366 $ 335 2.19% 1.85%
Other (b)
30-89 days ................................................................. $ 152 $ 168 .59% .68%
90 days or more ............................................................ 44 50 .17 .20
Nonperforming ............................................................. 27 27 .11 .11
Total ..................................................................... $ 223 $ 245 .87% .99%
(a) Excludes $3.2 billion and $2.6 billion at December 31, 2012 and 2011, respectively, of loans purchased from GNMA mortgage pools that are 90 days or more past due that continue to accrue
interest.
(b) Includes revolving credit, installment, automobile and student loans.
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