Bank of America 2012 Annual Report Download - page 193
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Bank of America 2012 191
The table below presents impaired loans in the Corporation’s Home Loans portfolio segment at and for the years ended December
31, 2012 and 2011 and includes primarily loans managed by Legacy Assets & Servicing. Certain impaired home loans do not have a
related allowance as the current valuation of these impaired loans exceeded the carrying value.
Impaired Loans – Home Loans
December 31, 2012 2012
(Dollars in millions)
Unpaid
Principal
Balance
Carrying
Value
Related
Allowance
Average
Carrying
Value
Interest
Income
Recognized (1)
With no recorded allowance
Residential mortgage $ 19,758 $ 14,707 n/a $ 10,697 $ 358
Home equity 2,624 1,103 n/a 734 49
Discontinued real estate 468 260 n/a 240 8
With an allowance recorded
Residential mortgage 14,080 13,051 $ 1,233 11,439 417
Home equity 1,256 1,022 448 1,145 44
Discontinued real estate 143 107 19 136 6
Total
Residential mortgage $ 33,838 $ 27,758 $ 1,233 $ 22,136 $ 775
Home equity 3,880 2,125 448 1,879 93
Discontinued real estate 611 367 19 376 14
December 31, 2011 2011
With no recorded allowance
Residential mortgage $ 10,907 $ 8,168 n/a $ 6,285 $ 233
Home equity 1,747 479 n/a 442 23
Discontinued real estate 421 240 n/a 222 8
With an allowance recorded
Residential mortgage 12,296 11,119 $ 1,295 9,379 319
Home equity 1,551 1,297 622 1,357 34
Discontinued real estate 213 159 29 173 6
Total
Residential mortgage $ 23,203 $ 19,287 $ 1,295 $ 15,664 $ 552
Home equity 3,298 1,776 622 1,799 57
Discontinued real estate 634 399 29 395 14
(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 principal is considered collectible.
n/a = not applicable