US Bank 2015 Annual Report Download - page 108

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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
2015
Commercial .................................................................... 1,607 $ 385 $ 396
Commercial real estate ........................................................... 108 78 76
Residential mortgages ........................................................... 2,080 260 258
Credit card .................................................................... 26,772 133 134
Other retail .................................................................... 2,530 54 54
Total loans, excluding GNMA and covered loans .................................... 33,097 910 918
Loans purchased from GNMA mortgage pools ....................................... 8,199 864 862
Covered loans .................................................................. 16 5 5
Total loans ................................................................... 41,312 $1,779 $1,785
2014
Commercial .................................................................... 2,027 $ 238 $ 203
Commercial real estate ........................................................... 78 80 71
Residential mortgages ........................................................... 2,089 271 274
Credit card .................................................................... 26,511 144 145
Other retail .................................................................... 2,833 61 61
Total loans, excluding GNMA and covered loans .................................... 33,538 794 754
Loans purchased from GNMA mortgage pools ....................................... 8,961 1,000 1,013
Covered loans .................................................................. 43 15 14
Total loans ................................................................... 42,542 $1,809 $1,781
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
Residential mortgages, home equity and second
mortgages, and loans purchased from 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 2015, at December 31,
2015, 151 residential mortgages, 66 home equity and second
mortgage loans and 1,954 loans purchased from GNMA
mortgage pools with outstanding balances of $18 million,
$5 million and $257 million, respectively, were in a trial period
and have estimated post-modification balances of $24 million,
$5 million and $259 million, respectively, assuming permanent
modification occurs at the end of the trial period.
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