US Bank 2013 Annual Report Download - page 101

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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
2013
Commercial ................................................................................. 2,429 $ 166 $ 155
Commercial real estate ...................................................................... 165 205 198
Residential mortgages ...................................................................... 2,179 309 304
Credit card .................................................................................. 26,669 160 161
Other retail .................................................................................. 4,290 103 102
Total loans, excluding GNMA and covered loans ........................................ 35,732 943 920
Loans purchased from GNMA mortgage pools ............................................. 8,878 1,121 1,066
Covered loans ............................................................................... 123 94 72
Total loans ................................................................................ 44,733 $2,158 $2,058
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. For those loans modified
as TDRs during the fourth quarter of 2013, at December 31,
2013, 416 residential mortgages, 10 home equity and
second mortgage loans and 2,536 loans purchased from
GNMA mortgage pools with outstanding balances of $58
million, $1 million and $328 million, respectively, were in a
trial period and have estimated post-modification balances
of $47 million, $1 million and $307 million, respectively,
assuming permanent modification occurs at the end of the
trial period.
U.S. BANCORP 99