Bank of America 2012 Annual Report Download - page 186

184 Bank of America 2012
NOTE 5 Outstanding Loans and Leases
The following tables present total outstanding loans and leases and an aging analysis for the Corporation’s Home Loans, Credit Card
and Other Consumer, and Commercial portfolio segments, by class of financing receivables, at December 31, 2012 and 2011.
December 31, 2012
(Dollars in millions)
30-59 Days
Past Due (1)
60-89 Days
Past Due (1)
90 Days or
More
Past Due (2)
Total Past
Due 30 Days
or More
Total Current
or Less Than
30 Days Past
Due (3)
Purchased
Credit-
impaired (4)
Loans
Accounted
for Under the
Fair Value
Option
Total
Outstandings
Home loans
Core portfolio
Residential mortgage (5) $ 2,274 $ 806 $ 6,227 $ 9,307 $ 160,809 $ 170,116
Home equity 273 146 591 1,010 59,841 60,851
Legacy Assets & Servicing portfolio
Residential mortgage 2,891 1,696 26,494 31,081 33,247 $ 8,737 73,065
Home equity 607 356 1,444 2,407 36,191 8,547 47,145
Discontinued real estate (6) 48 19 234 301 757 8,834 9,892
Credit card and other consumer
U.S. credit card 729 582 1,437 2,748 92,087 94,835
Non-U.S. credit card 106 85 212 403 11,294 11,697
Direct/Indirect consumer (7) 569 239 573 1,381 81,824 83,205
Other consumer (8) 48 19 4 71 1,557 1,628
Total consumer loans 7,545 3,948 37,216 48,709 477,607 26,118 552,434
Consumer loans accounted for
under the fair value option (9) $ 1,005 1,005
Total consumer 7,545 3,948 37,216 48,709 477,607 26,118 1,005 553,439
Commercial
U.S. commercial 323 133 639 1,095 196,031 197,126
Commercial real estate (10) 79 144 983 1,206 37,431 38,637
Commercial lease financing 84 79 30 193 23,650 23,843
Non-U.S. commercial 2 — — 2 74,182 74,184
U.S. small business commercial 101 75 168 344 12,249 12,593
Total commercial loans 589 431 1,820 2,840 343,543 346,383
Commercial loans accounted for
under the fair value option (9) 7,997 7,997
Total commercial 589 431 1,820 2,840 343,543 7,997 354,380
Total loans and leases $ 8,134 $ 4,379 $ 39,036 $ 51,549 $ 821,150 $ 26,118 $ 9,002 $ 907,819
Percentage of outstandings 0.90% 0.48% 4.30% 5.68% 90.45% 2.88%0.99%
(1) Home loans 30-59 days past due includes $2.3 billion of fully-insured loans and $702 million of nonperforming loans. Home loans 60-89 days past due includes $1.3 billion of fully-insured loans
and $558 million of nonperforming loans.
(2) Home loans includes $22.2 billion of fully-insured loans.
(3) Home loans includes $5.5 billion and direct/indirect consumer includes $63 million of nonperforming loans.
(4) PCI loan amounts are shown gross of the valuation allowance.
(5) Total outstandings includes non-U.S. residential mortgage loans of $93 million.
(6) Total outstandings includes $8.8 billion of pay option loans and $1.1 billion of subprime loans. The Corporation no longer originates these products.
(7) Total outstandings includes dealer financial services loans of $35.9 billion, consumer lending loans of $4.7 billion, U.S. securities-based lending margin loans of $28.3 billion, student loans of $4.8
billion, non-U.S. consumer loans of $8.3 billion and other consumer loans of $1.2 billion.
(8) Total outstandings includes consumer finance loans of $1.4 billion, other non-U.S. consumer loans of $5 million and consumer overdrafts of $177 million.
(9) Consumer loans accounted for under the fair value option were residential mortgage loans of $147 million and discontinued real estate loans of $858 million. Commercial loans accounted for under
the fair value option were U.S. commercial loans of $2.3 billion and non-U.S. commercial loans of $5.7 billion. For additional information, see Note 21 – Fair Value Measurements and Note 22 – Fair
Value Option.
(10) Total outstandings includes U.S. commercial real estate loans of $37.2 billion and non-U.S. commercial real estate loans of $1.5 billion.