US Bank 2015 Annual Report Download - page 37

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TABLE 7 COMMERCIAL LOANS BY INDUSTRY GROUP AND GEOGRAPHY
2015 2014
At December 31 (Dollars in Millions) Loans Percent Loans Percent
Industry Group
Manufacturing .............................................................. $13,404 15.2% $12,261 15.3%
Real estate, rental and leasing ................................................. 9,514 10.8 7,779 9.7
Finance and insurance ........................................................ 8,288 9.4 7,799 9.7
Wholesale trade ............................................................. 8,069 9.1 7,350 9.1
Retail trade ................................................................. 6,846 7.7 6,428 8.0
Healthcare and social assistance ............................................... 5,802 6.6 5,280 6.6
Public administration ......................................................... 4,190 4.7 4,033 5.0
Information ................................................................. 3,542 4.0 2,702 3.4
Professional, scientific and technical services ..................................... 3,493 4.0 3,121 3.9
Transport and storage ........................................................ 3,262 3.7 2,941 3.7
Educational services ......................................................... 2,791 3.2 2,286 2.8
Arts, entertainment and recreation .............................................. 2,772 3.1 2,493 3.1
Mining ..................................................................... 2,208 2.5 2,604 3.2
Agriculture, forestry, fishing and hunting .......................................... 1,721 1.9 1,642 2.0
Other services .............................................................. 1,703 1.9 1,449 1.8
Utilities .................................................................... 1,435 1.6 1,404 1.7
Other ..................................................................... 9,362 10.6 8,805 11.0
Total .................................................................... $88,402 100.0% $80,377 100.0%
Geography
California .................................................................. $11,253 12.7% $ 9,961 12.4%
Colorado .................................................................. 3,930 4.5 3,528 4.4
Illinois ..................................................................... 4,636 5.3 4,108 5.1
Minnesota .................................................................. 7,166 8.1 6,316 7.9
Missouri ................................................................... 3,309 3.8 2,832 3.5
Ohio ...................................................................... 4,063 4.6 3,534 4.4
Oregon .................................................................... 1,938 2.2 2,130 2.6
Washington ................................................................ 3,219 3.6 3,237 4.0
Wisconsin .................................................................. 2,936 3.3 3,090 3.8
Iowa, Kansas, Nebraska, North Dakota, South Dakota .............................. 4,543 5.1 4,400 5.5
Arkansas, Indiana, Kentucky, Tennessee ......................................... 5,106 5.8 4,949 6.2
Idaho, Montana, Wyoming .................................................... 1,427 1.6 1,475 1.8
Arizona, Nevada, New Mexico, Utah ............................................ 3,280 3.7 2,951 3.7
Total banking region ....................................................... 56,806 64.3 52,511 65.3
Florida, Michigan, New York, Pennsylvania, Texas ................................. 15,819 17.9 14,036 17.5
All other states .............................................................. 15,777 17.8 13,830 17.2
Total outside Company’s banking region ....................................... 31,596 35.7 27,866 34.7
Total .................................................................... $88,402 100.0% $80,377 100.0%
Residential Mortgages Residential mortgages held in the
loan portfolio at December 31, 2015, increased $1.9 billion
(3.6 percent) over December 31, 2014, reflecting higher
origination and refinancing activity during 2015. Average
residential mortgages were essentially flat in 2015, compared
with 2014. Residential mortgages originated and placed in the
Company’s loan portfolio include well-secured jumbo
mortgages and branch-originated first lien home equity loans
to borrowers with high credit quality.
Credit Card Total credit card loans increased $2.5 billion
(13.5 percent) at December 31, 2015, compared with
December 31, 2014. Average credit card balances increased
$422 million (2.4 percent) in 2015, compared with 2014. The
increases reflected new and existing customer growth during
the period, including the 2015 acquisitions of credit card
portfolios from Fidelity Investments and Auto Club Trust.
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