Bank of America 2013 Annual Report Download - page 130

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128 Bank of America 2013
Table V Nonperforming Loans, Leases and Foreclosed Properties (1)
December 31
(Dollars in millions) 2013 2012 2011 2010 2009
Consumer
Residential mortgage $ 11,712 $ 15,055 $ 16,259 $ 18,020 $ 16,841
Home equity 4,075 4,282 2,454 2,696 3,808
Direct/Indirect consumer 35 92 40 90 86
Other consumer 18 21548104
Total consumer (2) 15,840 19,431 18,768 20,854 20,839
Commercial
U.S. commercial 819 1,484 2,174 3,453 4,925
Commercial real estate 322 1,513 3,880 5,829 7,286
Commercial lease financing 16 44 26 117 115
Non-U.S. commercial 64 68 143 233 177
1,221 3,109 6,223 9,632 12,503
U.S. small business commercial 88 115 114 204 200
Total commercial (3) 1,309 3,224 6,337 9,836 12,703
Total nonperforming loans and leases 17,149 22,655 25,105 30,690 33,542
Foreclosed properties 623 900 2,603 1,974 2,205
Total nonperforming loans, leases and foreclosed properties $ 17,772 $ 23,555 $ 27,708 $ 32,664 $ 35,747
(1) Balances do not include PCI loans even though the customer may be contractually past due. PCI loans were recorded at fair value upon acquisition and accrete interest income over the remaining
life of the loan. In addition, balances do not include foreclosed properties that are insured by the FHA and have entered foreclosure of $1.4 billion, $2.5 billion and $1.4 billion at December 31,
2013, 2012 and 2011, respectively.
(2) In 2013, $2.3 billion in interest income was estimated to be contractually due on consumer loans and leases classified as nonperforming and TDRs classified as performing, if these loans and
leases had been paying according to their terms and conditions. At December 31, 2013, the TDRs classified as performing of $22.5 billion are not included in the table above. Approximately $1.4
billion of the estimated $2.3 billion in contractual interest was received and included in interest income for 2013.
(3) In 2013, $157 million in interest income was estimated to be contractually due on commercial loans and leases classified as nonperforming and TDRs classified as performing, if these loans and
leases had been paying according to their terms and conditions. At December 31, 2013, the TDRs classified as performing of $1.8 billion are not included in the table above. Approximately $75
million of the estimated $157 million in contractual interest was received and included in interest income for 2013.