Bank of America 2014 Annual Report Download - page 187

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Bank of America 2014 185
The table below provides the unpaid principal balance, carrying value and related allowance at December 31, 2014 and 2013, and
the average carrying value and interest income recognized for 2014, 2013 and 2012 for impaired loans in the Corporation’s Commercial
loan portfolio segment. Certain impaired commercial loans do not have a related allowance as the valuation of these impaired loans
exceeded the carrying value, which is net of previously recorded charge-offs.
Impaired Loans – Commercial
December 31, 2014 December 31, 2013
(Dollars in millions)
Unpaid
Principal
Balance
Carrying
Value
Related
Allowance
Unpaid
Principal
Balance
Carrying
Value
Related
Allowance
With no recorded allowance
U.S. commercial $ 668 $ 650 $ — $ 609 $ 577 $ —
Commercial real estate 60 48 — 254 228 —
Non-U.S. commercial ———
10 10 —
With an allowance recorded
U.S. commercial $ 1,139 $ 839 $ 75 $ 1,581 $ 1,262 $ 164
Commercial real estate 678 495 48 1,066 731 61
Non-U.S. commercial 47 44 1 254 64 16
U.S. small business commercial (1) 133 122 35 186 176 36
Total
U.S. commercial $ 1,807 $ 1,489 $ 75 $ 2,190 $ 1,839 $ 164
Commercial real estate 738 543 48 1,320 959 61
Non-U.S. commercial 47 44 1 264 74 16
U.S. small business commercial (1) 133 122 35 186 176 36
2014 2013 2012
Average
Carrying
Value
Interest
Income
Recognized (2)
Average
Carrying
Value
Interest
Income
Recognized (2)
Average
Carrying
Value
Interest
Income
Recognized (2)
With no recorded allowance
U.S. commercial $ 546 $ 12 $ 442 $ 6 $ 588 $ 9
Commercial real estate 166 3 269 3 1,119 3
Non-U.S. commercial 15 — 28 — 104 —
With an allowance recorded
U.S. commercial $ 1,198 $ 51 $ 1,553 $ 47 $ 2,104 $ 55
Commercial real estate 632 16 1,148 28 2,126 29
Non-U.S. commercial 52 3 109 5 77 4
U.S. small business commercial (1) 151 3 236 6 409 13
Total
U.S. commercial $ 1,744 $ 63 $ 1,995 $ 53 $ 2,692 $ 64
Commercial real estate 798 19 1,417 31 3,245 32
Non-U.S. commercial 67 3 137 5 181 4
U.S. small business commercial (1) 151 3 236 6 409 13
(1) Includes U.S. small business commercial renegotiated TDR loans and related allowance.
(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.