Bank of America 2013 Annual Report Download - page 134

132 Bank of America 2013
Table VIII Allocation of the Allowance for Credit Losses by Product Type
December 31
2013 2012 2011 2010 2009
(Dollars in millions) Amount
Percent
of Total Amount
Percent
of Total Amount
Percent
of Total Amount
Percent
of Total Amount
Percent
of Total
Allowance for loan and lease losses
Residential mortgage $ 4,084 23.43% $ 7,088 29.31% $ 7,985 23.64% $ 6,365 15.20% $ 5,640 15.17%
Home equity 4,434 25.44 7,845 32.45 13,094 38.76 12,887 30.77 10,116 27.19
U.S. credit card 3,930 22.55 4,718 19.51 6,322 18.71 10,876 25.97 6,017 16.17
Non-U.S. credit card 459 2.63 600 2.48 946 2.80 2,045 4.88 1,581 4.25
Direct/Indirect consumer 417 2.39 718 2.97 1,153 3.41 2,381 5.68 4,227 11.36
Other consumer 99 0.58 104 0.43 148 0.44 161 0.38 204 0.55
Total consumer 13,423 77.02 21,073 87.15 29,648 87.76 34,715 82.88 27,785 74.69
U.S. commercial (1) 2,394 13.74 1,885 7.80 2,441 7.23 3,576 8.54 5,152 13.85
Commercial real estate 917 5.26 846 3.50 1,349 3.99 3,137 7.49 3,567 9.59
Commercial lease financing 118 0.68 78 0.32 92 0.27 126 0.30 291 0.78
Non-U.S. commercial 576 3.30 297 1.23 253 0.75 331 0.79 405 1.09
Total commercial (2) 4,005 22.98 3,106 12.85 4,135 12.24 7,170 17.12 9,415 25.31
Allowance for loan and lease losses 17,428 100.00% 24,179 100.00% 33,783 100.00% 41,885 100.00% 37,200 100.00%
Reserve for unfunded lending commitments 484 513 714 1,188 1,487
Allowance for credit losses (3) $ 17,912 $ 24,692 $ 34,497 $ 43,073 $ 38,687
(1) Includes allowance for loan and lease losses for U.S. small business commercial loans of $462 million, $642 million, $893 million, $1.5 billion and $2.4 billion at December 31, 2013, 2012, 2011,
2010 and 2009, respectively.
(2) Includes allowance for loan and lease losses for impaired commercial loans of $277 million, $475 million, $545 million, $1.1 billion and $1.2 billion at December 31, 2013, 2012, 2011, 2010 and
2009, respectively.
(3) Includes $2.5 billion, $5.5 billion, $8.5 billion, $6.4 billion and $3.9 billion of valuation allowance included as part of the allowance for credit losses related to PCI loans at December 31, 2013,
2012, 2011, 2010 and 2009, respectively.