Bank of America 2011 Annual Report Download - page 189
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Bank of America 2011 187
The table below presents impaired loans in the Corporation’s commercial loan portfolio at December 31, 2011 and 2010. Certain
impaired commercial loans do not have a related allowance as the valuation of these impaired loans exceeded the carrying value,
which is net of previously recorded charge-offs.
Impaired Loans – Commercial
(Dollars in millions)
With no recorded allowance
U.S. commercial
Commercial real estate
Non-U.S. commercial
U.S. small business commercial (2)
With an allowance recorded
U.S. commercial
Commercial real estate
Non-U.S. commercial
U.S. small business commercial (2)
Total
U.S. commercial
Commercial real estate
Non-U.S. commercial
U.S. small business commercial (2)
With no recorded allowance
U.S. commercial
Commercial real estate
Non-U.S. commercial
U.S. small business commercial (2)
With an allowance recorded
U.S. commercial
Commercial real estate
Non-U.S. commercial
U.S. small business commercial (2)
Total
U.S. commercial
Commercial real estate
Non-U.S. commercial
U.S. small business commercial (2)
December 31, 2011
Unpaid
Principal
Balance
$ 1,482
2,587
216
—
$ 2,654
3,329
308
531
$ 4,136
5,916
524
531
December 31, 2010
$ 968
2,655
46
—
$ 3,891
5,682
572
935
$ 4,859
8,337
618
935
Carrying
Value
$985
2,095
101
—
$ 1,987
2,384
58
503
$ 2,972
4,479
159
503
$ 441
1,771
28
—
$ 3,193
4,103
217
892
$ 3,634
5,874
245
892
Related
Allowance
n/a
n/a
n/a
n/a
$232
135
6
172
$232
135
6
172
n/a
n/a
n/a
n/a
$ 336
208
91
445
$ 336
208
91
445
2011
Average
Carrying
Value
$774
1,994
101
—
$ 2,422
3,309
76
666
$ 3,196
5,303
177
666
2010
$547
1,736
9
—
$ 3,389
4,813
190
1,028
$ 3,936
6,549
199
1,028
Interest
Income
Recognized (1)
$7
7
—
—
$13
19
3
23
$20
26
3
23
$3
8
—
—
$36
29
—
34
$39
37
—
34
(1) Interest income recognized includes interest accrued and collected on the outstanding balances of accruing impaired loans as well as interest cash collections on nonaccruing impaired loans for
which the ultimate collectability of principal is not uncertain.
(2) Includes U.S. small business commercial renegotiated TDR loans and related allowance.
n/a = not applicable