Bank of America 2006 Annual Report Download - page 93
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Table VII Allocation of the Allowance for Credit Losses by Product Type
December 31
2006 2005 2004 2003 2002
(Dollars in millions) Amount Percent Amount Percent Amount Percent Amount Percent Amount Percent
Allowance for loan and lease losses
Residential mortgage
$ 248 2.8%
$ 277 3.4% $ 240 2.8% $ 185 3.0% $ 108 1.7%
Credit card – domestic
3,176 35.2
3,301 41.0 3,148 36.5 1,947 31.6 1,031 16.2
Credit card – foreign
336 3.7
–– –– –– ––
Home equity lines
133 1.5
136 1.7 115 1.3 72 1.2 49 0.8
Direct/Indirect consumer
1,200 13.3
421 5.2 375 4.3 347 5.6 361 5.7
Other consumer
467 5.2
380 4.8 500 5.9 456 7.4 332 5.2
Total consumer
5,560 61.7
4,515 56.1 4,378 50.8 3,007 48.8 1,881 29.6
Commercial – domestic
2,162 24.0
2,100 26.1 2,101 24.3 1,756 28.5 2,231 35.1
Commercial real estate
588 6.5
609 7.6 644 7.5 484 7.9 439 6.9
Commercial lease financing
217 2.4
232 2.9 442 5.1 235 3.8 n/a n/a
Commercial – foreign
489 5.4
589 7.3 1,061 12.3 681 11.0 855 13.4
Total commercial (1)
3,456 38.3
3,530 43.9 4,248 49.2 3,156 51.2 3,525 55.4
General (2)
––
– – – – – – 952 15.0
Allowance for loan and lease losses
9,016 100.0%
8,045 100.0% 8,626 100.0% 6,163 100.0% 6,358 100.0%
Reserve for unfunded lending commitments
397
395 402 416 493
Total
$9,413
$8,440 $9,028 $6,579 $6,851
(1) Includes allowance for loan and lease losses of commercial impaired loans of $43 million, $55 million, $202 million, $391 million, and $919 million at December 31, 2006, 2005, 2004, 2003, and 2002, respectively.
(2) At December 31, 2005, general reserves were assigned to individual product types to better reflect our view of risk in these portfolios. Information was not available to assign general reserves by product types prior to 2003.
n/a= Not available; included in commercial – domestic at December 31, 2002.
Table VIII Selected Loan Maturity Data (1)
December 31, 2006
(Dollars in millions)
Due in One
Year or Less
Due After
One Year
Through
Five Years
Due After
Five Years Total
Commercial – domestic
$57,067
$66,351 $38,564 $161,982
Commercial real estate – domestic
14,562
17,774 3,344 35,680
Foreign and other
(2)
22,509
4,432 496 27,437
Total selected loans
$94,138
$88,557 $42,404 $225,099
Percent of total
41.8%
39.3% 18.9% 100.0%
Sensitivity of selected loans to changes in interest rates for loans due after one year:
Fixed interest rates $ 8,588 $19,793
Floating or adjustable interest rates 79,969 22,611
Total $88,557 $42,404
(1) Loan maturities are based on the remaining maturities under contractual terms.
(2) Loan maturities include other consumer, commercial – foreign and commercial real estate loans.
Bank of America 2006
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