Bank of America 2007 Annual Report Download - page 139

Portfolio balances, delinquency and historical loss amounts of the managed loans and leases portfolio for 2007 and 2006 were as follows:
December 31, 2007 December 31, 2006
(Dollars in millions)
Total Loans
and Leases
Accruing
Loans and
Leases Past
Due 90 Days
or More
Nonperforming
Loans and Leases
Total Loans
and Leases
Accruing
Loans and
Leases Past
Due 90 Days
or More
Nonperforming
Loans and Leases
Residential mortgage
(1)
$ 278,733 $ 237 $1,999 $ 245,840 $ 118 $ 660
Credit card – domestic 151,862 4,170 n/a 142,599 3,828 n/a
Credit card – foreign 31,829 714 n/a 27,890 608 n/a
Home equity 115,009 – 1,342 88,202 – 293
Direct/Indirect consumer 78,564 752 8 66,266 524 2
Other consumer 3,850 4 95 5,059 7 77
Total consumer 659,847 5,877 3,444 575,856 5,085 1,032
Commercial – domestic
(2, 3)
209,087 546 1,004 163,274 265 598
Commercial real estate 61,298 36 1,099 36,258 78 118
Commercial lease financing 22,582 25 33 21,864 26 42
Commercial – foreign 28,376 16 19 20,681 9 13
Total commercial 321,343 623 2,155 242,077 378 771
Total managed loans and leases
measured at historical cost 981,190 6,500 5,599 817,933 5,463 1,803
Total measured at fair value 4,590 – – n/a n/a n/a
Managed loans in securitizations (109,436) (2,764) (2) (111,443) (2,407) (16)
Total held loans and leases $ 876,344 $ 3,736 $5,597 $ 706,490 $ 3,056 $1,787
Year Ended December 31, 2007 Year Ended December 31, 2006
(Dollars in millions)
Average
Loans and
Leases
Outstanding
Net
Losses
Net Loss
Ratio
(4)
Average
Loans and
Leases
Outstanding
Net
Losses
Net Loss
Ratio
(4)
Residential mortgage $ 268,879 $ 57 0.02% $ 213,097 $ 39 0.02%
Credit card – domestic 141,795 6,960 4.91 138,592 5,395 3.89
Credit card – foreign 29,581 1,254 4.24 24,817 980 3.95
Home equity 99,023 274 0.28 78,692 51 0.07
Direct/Indirect consumer 74,829 1,603 2.14 62,002 925 1.49
Other consumer 4,259 278 6.54 7,317 217 2.97
Total consumer 618,366 10,426 1.69 524,517 7,607 1.45
Commercial – domestic
(2, 5)
178,932 1,007 0.56 153,796 367 0.24
Commercial real estate 42,783 47 0.11 36,939 3 0.01
Commercial lease financing 20,435 2 0.01 20,862 (28) (0.14)
Commercial – foreign 23,931 1 – 23,521 (8) (0.04)
Total commercial 266,081 1,057 0.40 235,118 334 0.14
Total managed loans and leases
measured at historical cost 884,447 11,483 1.30 759,635 7,941 1.05
Total measured at fair value 3,012 n/a n/a n/a n/a n/a
Managed loans in securitizations (111,305) (5,003) 4.50 (107,218) (3,402) 3.17
Total held loans and leases $ 776,154 $ 6,480 0.84 $ 652,417 $ 4,539 0.70
(1) Accruing loans and leases past due 90 days or more represent residential mortgage loans related to repurchases pursuant to the Corporation’s servicing agreements with GNMA mortgage pools, where repayments are insured
by the Federal Housing Administration or guaranteed by the Department of Veterans Affairs.
(2) Includes small business commercial – domestic loans.
(3) Includes small business – commercial domestic accruing loans and leases past due 90 days or more of $427 million and $199 million and nonperforming loans and leases of $135 million and $79 million at December 31,
2007 and 2006.
(4) The net loss ratios are calculated as managed net losses divided by average outstanding managed loans and leases measured at historical cost for each loan and lease category.
(5) Includes small business – commercial domestic net losses of $869 million, or 5.57 percent, and $361 million, or 3.00 percent, in 2007 and 2006.
n/a = not applicable
Bank of America 2007 137