US Bank 2013 Annual Report Download - page 33

TABLE 10 Credit Card Loans by Geography
2013 2012
At December 31 (Dollars in Millions) Loans Percent Loans Percent
California ................................................................................ $ 1,856 10.3% $ 1,757 10.3%
Colorado ................................................................................ 688 3.8 665 3.9
Illinois ................................................................................... 830 4.6 796 4.6
Minnesota ............................................................................... 1,226 6.8 1,196 7.0
Missouri ................................................................................. 647 3.6 616 3.6
Ohio ..................................................................................... 1,097 6.1 1,071 6.3
Oregon .................................................................................. 613 3.4 597 3.5
Washington ............................................................................. 801 4.4 771 4.5
Wisconsin ............................................................................... 1,015 5.6 972 5.7
Iowa, Kansas, Nebraska, North Dakota, South Dakota .................................. 892 5.0 862 5.0
Arkansas, Indiana, Kentucky, Tennessee ............................................... 1,408 7.8 1,342 7.8
Idaho, Montana, Wyoming .............................................................. 360 2.0 352 2.1
Arizona, Nevada, New Mexico, Utah .................................................... 840 4.7 794 4.6
Total banking region .................................................................. 12,273 68.1 11,791 68.9
Florida, Michigan, New York, Pennsylvania, Texas ...................................... 3,070 17.0 2,884 16.8
All other states .......................................................................... 2,678 14.9 2,440 14.3
Total outside Company’s banking region ............................................. 5,748 31.9 5,324 31.1
Total .................................................................................. $18,021 100.0% $17,115 100.0%
TABLE 11 Other Retail Loans by Geography
2013 2012
At December 31 (Dollars in Millions) Loans Percent Loans Percent
California ................................................................................ $ 5,785 12.1% $ 5,545 11.6%
Colorado ................................................................................ 1,921 4.0 2,068 4.3
Illinois ................................................................................... 2,295 4.8 2,232 4.7
Minnesota ............................................................................... 3,815 8.0 4,113 8.6
Missouri ................................................................................. 2,160 4.5 2,234 4.7
Ohio ..................................................................................... 2,638 5.5 2,628 5.5
Oregon .................................................................................. 1,627 3.4 1,748 3.7
Washington ............................................................................. 1,793 3.8 1,954 4.1
Wisconsin ............................................................................... 1,785 3.8 1,845 3.9
Iowa, Kansas, Nebraska, North Dakota, South Dakota .................................. 2,378 5.0 2,465 5.2
Arkansas, Indiana, Kentucky, Tennessee ............................................... 2,824 5.9 2,772 5.8
Idaho, Montana, Wyoming .............................................................. 986 2.1 1,071 2.2
Arizona, Nevada, New Mexico, Utah .................................................... 2,165 4.6 2,080 4.4
Total banking region .................................................................. 32,172 67.5 32,755 68.7
Florida, Michigan, New York, Pennsylvania, Texas ...................................... 7,681 16.1 6,957 14.6
All other states .......................................................................... 7,825 16.4 8,000 16.7
Total outside Company’s banking region ............................................. 15,506 32.5 14,957 31.3
Total .................................................................................. $47,678 100.0% $47,712 100.0%
Of the total residential mortgages, credit card and other
retail loans outstanding at December 31, 2013, approximately
72.8 percent were to customers located in the Company’s
primary banking region compared with 72.5 percent at
December 31, 2012. Tables 9, 10 and 11 provide a
geographic summary of residential mortgages, credit card
loans and other retail loans outstanding, respectively, as of
December 31, 2013 and 2012. The collateral for $3.9 billion of
residential mortgages and other retail loans included in
covered loans at December 31, 2013 was in California,
compared with $5.1 billion at December 31, 2012.
Loans Held for Sale Loans held for sale, consisting
primarily of residential mortgages to be sold in the
secondary market, were $3.3 billion at December 31, 2013,
compared with $8.0 billion at December 31, 2012. The
decrease in loans held for sale was principally due to lower
residential mortgage loan originations during the fourth
quarter of 2013, compared with the fourth quarter of 2012.
Most of the residential mortgage loans the Company
originates or purchases follow guidelines that allow the loans
to be sold into existing, highly liquid secondary markets; in
particular in government agency transactions and to
government sponsored enterprises (“GSEs”).
U.S. BANCORP 31