Bank of America 2012 Annual Report Download - page 196

194 Bank of America 2012
The table below provides information on the Corporation’s renegotiated TDR portfolio at and for the years ended December 31,
2012 and 2011.
Impaired Loans – Credit Card and Other Consumer – Renegotiated TDRs
December 31, 2012 2012
(Dollars in millions)
Unpaid
Principal
Balance
Carrying
Value (1)
Related
Allowance
Average
Carrying
Value
Interest
Income
Recognized (2)
With an allowance recorded
U.S. credit card $ 2,856 $ 2,871 $ 719 $ 4,085 $ 253
Non-U.S. credit card 311 316 198 464 10
Direct/Indirect consumer 633 636 210 929 50
Without an allowance recorded
Direct/Indirect consumer 105 58 — 58 —
Total
U.S. credit card $ 2,856 $ 2,871 $ 719 $ 4,085 $ 253
Non-U.S. credit card 311 316 198 464 10
Direct/Indirect consumer 738 694 210 987 50
December 31, 2011 2011
With an allowance recorded
U.S. credit card $ 5,272 $ 5,305 $ 1,570 $ 7,211 $ 433
Non-U.S. credit card 588 597 435 759 6
Direct/Indirect consumer 1,193 1,198 405 1,582 85
(1) Includes accrued interest and fees.
(2) 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.
The table below provides information on the Corporation’s primary modification programs for the renegotiated TDR portfolio at
December 31, 2012 and 2011.
Credit Card and Other Consumer – Renegotiated TDRs by Program Type
December 31
Internal Programs External Programs Other Total
Percent of Balances Current or
Less Than 30 Days Past Due
(Dollars in millions) 2012 2011 2012 2011 2012 2011 2012 2011 2012 2011
U.S. credit card $ 1,887 $ 3,788 $ 953 $ 1,436 $ 31 $ 81 $ 2,871 $ 5,305 81.48% 78.97%
Non-U.S. credit card 99 218 38 113 179 266 316 597 43.71 54.02
Direct/Indirect consumer 405 784 225 392 64 22 694 1,198 83.11 80.01
Total renegotiated TDRs $ 2,391 $ 4,790 $ 1,216 $ 1,941 $274 $ 369 $ 3,881 $ 7,100 78.69 77.05