Wells Fargo 2012 Annual Report Download - page 161

LOANS 90 DAYS OR MORE PAST DUE AND STILL ACCRUING
Certain loans 90 days or more past due as to interest or principal
are 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 $6.0 billion at December 31, 2012, and
$8.7 billion at December 31, 2011, are not included in these past
due and still accruing loans 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.
Loans 90 days or more past due and still accruing whose
repayments are predominantly insured by the FHA or
guaranteed by the VA for mortgages and the U.S. Department of
Education for student loans under the FFELP were $21.8 billion
at December 31, 2012, up from $20.5 billion at
December 31, 2011.
The following table shows non-PCI loans 90 days or more
past due and still accruing by class for loans not government
insured/guaranteed.
December 31,
(in millions) 2012 2011
Loan 90 days or more past due and still accruing:
Total (excluding PCI): $ 23,245 22,569
Less: FHA insured/guaranteed by the VA (1)(2) 20,745 19,240
Less: Student loans guaranteed
under the FFELP (3) 1,065 1,281
Total, not government
insured/guaranteed $ 1,435 2,048
By segment and class, not government
insured/guaranteed:
Commercial:
Commercial and industrial $ 47 153
Real estate mortgage 228 256
Real estate construction 27 89
Foreign 1 6
Total commercial 303 504
Consumer:
Real estate 1-4 family first mortgage (2) 564 781
Real estate 1-4 family junior lien mortgage (2)(4) 133 279
Credit card 310 346
Other revolving credit and installment 125 138
Total consumer 1,132 1,544
Total, not government
insured/guaranteed $ 1,435 2,048
(1) Represents loans whose repayments are predominantly insured by the FHA or
guaranteed by the VA.
(2) Includes mortgage loans held for sale 90 days or more past due and still
accruing.
(3) Represents loans whose repayments are predominantly guaranteed by agencies
on behalf of the U.S. Department of Education under the FFELP.
(4) The balance at December 31, 2012, includes the impact from the transfer of
certain 1-4 family junior lien mortgages to nonaccrual loans in accordance with
the Interagency Guidance issued on January 31, 2012.
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