Wells Fargo 2013 Annual Report Download - page 176
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Note 6: Loans and Allowance for Credit Losses (continued)
Commitments to lend additional funds on loans whose terms
have been modified in a TDR amounted to $407 million and
$421 million at December 31, 2013 and 2012, respectively.
The following tables provide the average recorded investment
in impaired loans and the amount of interest income recognized
on impaired loans by portfolio segment and class.
Year ended December 31,
2013 2012 2011
(in millions)
Average
recorded
investment
Recognized
interest
income
Average
recorded
investment
Recognized
interest
income
Average
recorded
investment
Recognized
interest
income
Commercial:
Commercial and industrial $ 1,475 94 2,281 111 3,282 105
Real estate mortgage 3,842 141 4,821 119 5,308 80
Real estate construction 966 35 1,818 61 2,481 70
Lease financing 38 1 57 1 80 -
Foreign 33 - 36 1 29 -
Total commercial 6,354 271 9,013 293 11,180 255
Consumer:
Real estate 1-4 family first mortgage 19,419 973 15,750 803 13,592 700
Real estate 1-4 family
junior lien mortgage 2,498 143 2,193 80 1,962 76
Credit card 480 57 572 63 594 21
Automobile 232 29 299 42 244 26
Other revolving credit and installment 30 3 25 2 26 1
Total consumer (1) 22,659 1,205 18,839 990 16,418 824
Total impaired loans (excluding PCI) $ 29,013 1,476 27,852 1,283 27,598 1,079
Year ended December 31,
(in millions) 2013 2012 2011
Average recorded investment in impaired loans $ 29,013 27,852 27,598
Interest income:
Cash basis of accounting $ 426 316 180
Other (2) 1,050 967 899
Total interest income $ 1,476 1,283 1,079
(1) Years ended December 31, 2013 and 2012, reflect the OCC guidance issued in third quarter 2012, which requires consumer loans discharged in bankruptcy to be classified
as TDRs, as well as written down to net realizable collateral value.
(2) Includes interest recognized on accruing TDRs, interest recognized related to certain impaired loans which have an allowance calculated using discounting, and amortization
of purchase accounting adjustments related to certain impaired loans. See footnote 1 to the table of changes in the allowance for credit losses.
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