Bank of America 2013 Annual Report Download - page 198

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196 Bank of America 2013
The table below presents the allowance and the carrying value of outstanding loans and leases by portfolio segment at December
31, 2013 and 2012.
Allowance and Carrying Value by Portfolio Segment
December 31, 2013
(Dollars in millions)
Home
Loans
Credit Card
and Other
Consumer Commercial Total
Impaired loans and troubled debt restructurings (1)
Allowance for loan and lease losses (2) $ 1,231 $ 579 $277 $ 2,087
Carrying value (3) 31,458 2,079 3,048 36,585
Allowance as a percentage of carrying value 3.91% 27.85% 9.09%5.70%
Loans collectively evaluated for impairment
Allowance for loan and lease losses $ 4,794 $ 4,326 $ 3,728 $ 12,848
Carrying value (3, 4) 285,015 185,969 385,357 856,341
Allowance as a percentage of carrying value (4) 1.68%2.33%0.97%1.50%
Purchased credit-impaired loans
Valuation allowance $ 2,493 n/a n/a $ 2,493
Carrying value gross of valuation allowance 25,265 n/a n/a 25,265
Valuation allowance as a percentage of carrying value 9.87% n/a n/a 9.87%
Total
Allowance for loan and lease losses $ 8,518 $ 4,905 $ 4,005 $ 17,428
Carrying value (3, 4) 341,738 188,048 388,405 918,191
Allowance as a percentage of carrying value (4) 2.49%2.61%1.03%1.90%
December 31, 2012
Impaired loans and troubled debt restructurings (1)
Allowance for loan and lease losses (2) $ 1,700 $ 1,139 $ 475 $ 3,314
Carrying value (3) 30,250 3,946 4,881 39,077
Allowance as a percentage of carrying value 5.62% 28.86% 9.73% 8.48%
Loans collectively evaluated for impairment
Allowance for loan and lease losses $ 7,697 $ 5,001 $ 2,631 $ 15,329
Carrying value (3, 4) 304,701 187,419 341,502 833,622
Allowance as a percentage of carrying value (4) 2.53% 2.67% 0.77% 1.84%
Purchased credit-impaired loans
Valuation allowance $ 5,536 n/a n/a $ 5,536
Carrying value gross of valuation allowance 26,118 n/a n/a 26,118
Valuation allowance as a percentage of carrying value 21.20% n/a n/a 21.20%
Total
Allowance for loan and lease losses $ 14,933 $ 6,140 $ 3,106 $ 24,179
Carrying value (3, 4) 361,069 191,365 346,383 898,817
Allowance as a percentage of carrying value (4) 4.14% 3.21% 0.90% 2.69%
(1) Impaired loans include nonperforming commercial loans and all TDRs, including both commercial and consumer TDRs. Impaired loans exclude nonperforming consumer loans unless they are TDRs,
and all consumer and commercial loans accounted for under the fair value option.
(2) Allowance for loan and lease losses includes $36 million and $97 million related to impaired U.S. small business commercial loans at December 31, 2013 and 2012.
(3) Amounts are presented gross of the allowance for loan and lease losses.
(4) Outstanding loan and lease balances and ratios do not include loans accounted for under the fair value option of $10.0 billion and $9.0 billion at December 31, 2013 and 2012.
n/a = not applicable