Wells Fargo 2010 Annual Report Download - page 71
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LOANS 90 DAYS OR MORE PAST DUE AND STILL ACCRUING
Loans included in this category are 90 days or more past due as
to interest or principal and still accruing, because they are (1)
well-secured and in the process of collection or (2) real estate
1-4 family mortgage loans or consumer loans exempt under
regulatory rules from being classified as nonaccrual until later
delinquency, usually 120 days past due. PCI loans of $11.6 billion
at December 31, 2010, and $16.1 billion at December 31, 2009,
are excluded from this disclosure even though they are 90 days
or more contractually past due. These PCI loans are considered
to be accruing due to the existence of the accretable yield and not
based on consideration given to contractual interest payments.
Non-PCI loans 90 days or more past due and still accruing
were $18.5 billion at December 31, 2010, and $22.2 billion at
December 31, 2009. Those balances include $14.7 billion and
$15.3 billion, respectively, in loans whose repayments are
insured by the FHA or guaranteed by the VA.
Excluding these insured/guaranteed loans, loans 90 days or
more past due and still accruing at December 31, 2010, were
down $3.1 billion, or 45%, from December 31, 2009. The decline
was due to loss mitigation activities including modifications and
increased collection capacity/process improvements, charge-
offs, lower early stage delinquency levels and credit stabilization.
Table 31 reflects loans 90 days or more past due and still
accruing excluding the insured/guaranteed loans.
Table 31: Loans 90 Days or More Past Due and Still Accruing (Excluding Insured/Guaranteed Loans)
December 31,
(in millions) 2010
2009
2008
2007
2006
Commercial:
Commercial and industrial $ 308
590
218
32
15
Real estate mortgage 104
1,014
70
10
3
Real estate construction 193
909
250
24
3
Foreign 22
73
34
52
44
Total commercial 627
2,586
572
118
65
Consumer:
Real estate 1-4 family first mortgage (1) 941
1,623
883
286
154
Real estate 1-4 family junior lien mortgage (1) 366
515
457
201
63
Credit card 516
795
687
402
262
Other revolving credit and installment 1,305
1,333
1,047
552
616
Total consumer 3,128
4,266
3,074
1,441
1,095
Total $ 3,755
6,852
3,646
1,559
1,160
(1)
Includes MHFS 90 days or more past due and still accruing.
69