Bank of America 2007 Annual Report Download - page 106

Table VII Allocation of the Allowance for Credit Losses by Product Type
December 31
2007 2006 2005 2004 2003
(Dollars in millions) Amount
Percent
of total Amount
Percent
of total Amount
Percent
of total Amount
Percent
of total Amount
Percent
of total
Allowance for loan and lease
losses
Residential mortgage $ 207 1.8% $ 248 2.8% $ 277 3.4% $ 240 2.8% $ 185 3.0%
Credit card – domestic 2,919 25.2 3,176 35.2 3,301 41.0 3,148 36.5 1,947 31.6
Credit card – foreign 441 3.8 336 3.7 – – – – – –
Home equity 963 8.3 133 1.5 136 1.7 115 1.3 72 1.2
Direct/Indirect consumer 2,077 17.9 1,378 15.3 421 5.2 375 4.3 347 5.6
Other consumer 151 1.3 289 3.2 380 4.8 500 5.9 456 7.4
Total consumer 6,758 58.3 5,560 61.7 4,515 56.1 4,378 50.8 3,007 48.8
Commercial – domestic
(1)
3,194 27.6 2,162 24.0 2,100 26.1 2,101 24.3 1,756 28.5
Commercial real estate 1,083 9.3 588 6.5 609 7.6 644 7.5 484 7.9
Commercial lease
financing 218 1.9 217 2.4 232 2.9 442 5.1 235 3.8
Commercial – foreign 335 2.9 489 5.4 589 7.3 1,061 12.3 681 11.0
Total commercial
(2)
4,830 41.7 3,456 38.3 3,530 43.9 4,248 49.2 3,156 51.2
Allowance for loan
and lease losses 11,588 100.0% 9,016 100.0% 8,045 100.0% 8,626 100.0% 6,163 100.0%
Reserve for unfunded
lending commitments 518 397 395 402 416
Allowance for credit
losses $12,106 $9,413 $8,440 $9,028 $6,579
(1) Includes allowance for small business commercial – domestic loans of $1.4 billion and $578 million at December 31, 2007 and 2006. The allowance for small business commercial – domestic loans was not material in
2005, 2004 and 2003.
(2) Includes allowance for loan and lease losses for impaired commercial loans of $123 million, $43 million, $55 million, $202 million, and $391 million at December 31, 2007, 2006, 2005, 2004, and 2003, respectively.
Table VIII Selected Loan Maturity Data (1, 2)
December 31, 2007
(Dollars in millions)
Due in
One Year
or Less
Due After
One Year
Through
Five Years
Due After
Five Years Total
Commercial – domestic $ 80,087 $ 91,835 $39,870 $211,792
Commercial real estate – domestic 24,048 31,185 5,305 60,538
Foreign and other
(3)
27,615 5,773 1,085 34,473
Total selected loans $131,750 $128,793 $46,260 $306,803
Percent of total 42.9% 42.0% 15.1% 100.0%
Sensitivity of selected loans to changes in interest rates for loans due after one year:
Fixed interest rates $ 11,689 $22,085
Floating or adjustable interest rates 117,104 24,175
Total $128,793 $46,260
(1) Loan maturities are based on the remaining maturities under contractual terms.
(2) Includes loans measured at fair value in accordance with SFAS 159.
(3) Loan maturities include direct/indirect consumer, other consumer, commercial real estate and commercial–foreign loans.
104 Bank of America 2007