Bank of America 2012 Annual Report Download - page 135

Bank of America 2012 133
Table VII Allowance for Credit Losses (continued)
(Dollars in millions) 2012 2011 2010 2009 2008
Loan and allowance ratios:
Loans and leases outstanding at December 31 (6) $ 898,817 $ 917,396 $ 937,119 $ 895,192 $ 926,033
Allowance for loan and lease losses as a percentage of total loans and leases
outstanding at December 31 (6) 2.69%3.68% 4.47% 4.16% 2.49%
Consumer allowance for loan and lease losses as a percentage of total consumer loans
outstanding at December 31 (7) 3.81 4.88 5.40 4.81 2.83
Commercial allowance for loan and lease losses as a percentage of total commercial
loans and leases outstanding at December 31 (8) 0.90 1.33 2.44 2.96 1.90
Average loans and leases outstanding (6) $ 890,337 $ 929,661 $ 954,278 $ 941,862 $ 905,944
Net charge-offs as a percentage of average loans and leases outstanding (6, 9) 1.67%2.24% 3.60% 3.58% 1.79%
Net charge-offs and PCI write-offs as a percentage of average loans and leases
outstanding (6, 10) 1.99 2.24 3.60 3.58 1.79
Allowance for loan and lease losses as a percentage of total nonperforming loans and
leases at December 31 (6, 11) 107 135 136 111 141
Ratio of the allowance for loan and lease losses at December 31 to net charge-offs (9) 1.62 1.62 1.22 1.10 1.42
Ratio of the allowance for loan and lease losses at December 31 to net charge-offs and
PCI write-offs (10) 1.36 1.62 1.22 1.10 1.42
Amounts included in the allowance for loan and lease losses that are excluded from
nonperforming loans and leases at December 31 (12) $ 12,021 $ 17,490 $ 22,908 $ 17,690 $ 11,679
Allowance for loan and lease losses as a percentage of total nonperforming loans and
leases, excluding amounts included in the allowance for loan and lease losses that are
excluded from nonperforming loans and leases at December 31 (12) 54% 65% 62% 58% 70%
Loan and allowance ratios excluding PCI loans and the related valuation allowance: (13)
Allowance for loan and lease losses as a percentage of total loans and leases
outstanding at December 31 (6) 2.14%2.86% 3.94% 3.88% 2.53%
Consumer allowance for loan and lease losses as a percentage of total consumer loans
outstanding at December 31 (7) 2.95 3.68 4.66 4.43 2.91
Net charge-offs as a percentage of average loans and leases outstanding (6) 1.73 2.32 3.73 3.71 1.83
Allowance for loan and lease losses as a percentage of total nonperforming loans and
leases at December 31 (6, 11) 82 101 116 99 136
Ratio of the allowance for loan and lease losses at December 31 to net charge-offs 1.25 1.22 1.04 1.00 1.38
(6) Outstanding loan and lease balances and ratios do not include loans accounted for under the fair value option. Loans accounted for under the fair value option were $9.0 billion, $8.8 billion,
$3.3 billion, $4.9 billion and $5.4 billion at December 31, 2012, 2011, 2010, 2009 and 2008, respectively. Average loans accounted for under the fair value option were $8.4 billion, $8.4 billion,
$4.1 billion, $6.9 billion and $4.9 billion for 2012, 2011, 2010, 2009 and 2008, respectively.
(7) Excludes consumer loans accounted for under the fair value option of $1.0 billion and $2.2 billion at December 31, 2012 and 2011. There were no consumer loans accounted for under the fair
value option prior to 2011.
(8) Excludes commercial loans accounted for under the fair value option of $8.0 billion, $6.6 billion, $3.3 billion, $4.9 billion and $5.4 billion at December 31, 2012, 2011, 2010, 2009 and 2008,
respectively.
(9) Net charge-offs exclude $2.8 billion of write-offs in the Countrywide home equity PCI loan portfolio for 2012. These write-offs decreased the PCI valuation allowance included as part of the allowance
for loan and lease losses. For information on PCI write-offs, see Countrywide Purchased Credit-impaired Loan Portfolio on page 86.
(10) There were no write-offs of PCI loans in 2011, 2010, 2009 and 2008.
(11) For more information on our definition of nonperforming loans, see pages 89 and 97.
(12) Primarily includes amounts allocated to the U.S. credit card and unsecured lending portfolios in CBB, PCI loans and the non-U.S. credit portfolio in All Other.
(13) For more information on the PCI loan portfolio and the valuation allowance for PCI loans, see Note 5 – Outstanding Loans and Leases and Note 6 – Allowance for Credit Losses to the Consolidated
Financial Statements.