Bank of America 2006 Annual Report Download - page 90

Table III Outstanding Loans and Leases
December 31
(Dollars in millions) 2006 2005 2004 2003 2002
Consumer
Residential mortgage $241,181 $182,596 $178,079 $140,483 $108,332
Credit card – domestic 61,195 58,548 51,726 34,814 24,729
Credit card – foreign 10,999 ––––
Home equity lines 74,888 62,098 50,126 23,859 23,236
Direct/Indirect consumer
(1)
68,224 45,490 40,513 33,415 31,068
Other consumer
(2)
9,218 6,725 7,439 7,558 10,355
Total consumer 465,705 355,457 327,883 240,129 197,720
Commercial
Commercial – domestic 161,982 140,533 122,095 91,491 99,151
Commercial real estate
(3)
36,258 35,766 32,319 19,367 20,205
Commercial lease financing 21,864 20,705 21,115 9,692 10,386
Commercial – foreign 20,681 21,330 18,401 10,754 15,428
Total commercial 240,785 218,334 193,930 131,304 145,170
Total loans and leases $706,490 $573,791 $521,813 $371,433 $342,890
(1) Includes home equity loans of $12.8 billion, $8.1 billion, $7.3 billion, $7.3 billion, and $3.6 billion at December 31, 2006, 2005, 2004, 2003, and 2002, respectively.
(2) Includes foreign consumer loans of $6.2 billion, $3.8 billion, $3.6 billion, $2.0 billion, and $2.0 billion at December 31, 2006, 2005, 2004, 2003, and 2002, respectively; consumer finance loans of $2.8 billion, $2.8 billion,
$3.4 billion, $3.9 billion, and $4.4 billion at December 31, 2006, 2005, 2004, 2003, and 2002, respectively; and consumer lease financing of $481 million, $1.7 billion, and $3.9 billion at December 31, 2004, 2003, and
2002, respectively.
(3) Includes domestic commercial real estate loans of $35.7 billion, $35.2 billion, $31.9 billion, $19.0 billion, and $19.9 billion at December 31, 2006, 2005, 2004, 2003, and 2002, respectively; and foreign commercial real
estate loans of $578 million, $585 million, $440 million, $324 million, and $295 million at December 31, 2006, 2005, 2004, 2003, and 2002, respectively.
Table IV Nonperforming Assets
December 31
(Dollars in millions) 2006 2005 2004 2003 2002
Consumer
Residential mortgage $ 660 $ 570 $ 554 $ 531 $ 612
Home equity lines 249 117 66 43 66
Direct/Indirect consumer 44 37 33 28 30
Other consumer 77 61 85 36 25
Total consumer (1) 1,030 785 738 638 733
Commercial
Commercial – domestic 584 581 855 1,388 2,621
Commercial real estate 118 49 87 142 164
Commercial lease financing 42 62 266 127 160
Commercial – foreign 13 34 267 578 1,359
Total commercial (2) 757 726 1,475 2,235 4,304
Total nonperforming loans and leases 1,787 1,511 2,213 2,873 5,037
Foreclosed properties 69 92 102 148 225
Nonperforming securities
(3)
– – 140 – –
Total nonperforming assets (4) $1,856 $1,603 $2,455 $3,021 $5,262
(1) In 2006, $69 million in Interest Income was estimated to be contractually due on nonperforming consumer loans and leases classified as nonperforming at December 31, 2006 provided that these loans and leases had been
paid according to their terms and conditions. Of this amount, approximately $17 million was received and included in Net Income for 2006.
(2) In 2006, $85 million in Interest Income was estimated to be contractually due on nonperforming commercial loans and leases classified as nonperforming at December 31, 2006, including troubled debt restructured loans of
which $2 million were performing at December 31, 2006 and not included in the table above. Approximately $38 million of the estimated $85 million in contractual interest was received and included in Net Income for 2006.
(3) Primarily related to international securities held in the AFS portfolio.
(4) Balances do not include $30 million, $24 million, $28 million, $16 million, and $41 million of nonperforming consumer loans held-for-sale, included in Other Assets at December 31, 2006, 2005, 2004, 2003, and 2002,
respectively; and $50 million, $45 million, $123 million, $186 million, and $73 million of nonperforming commercial loans held-for-sale, included in Other Assets at December 31, 2006, 2005, 2004, 2003, and 2002,
respectively.
88 Bank of America 2006