Bank of America 2015 Annual Report Download - page 175
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Bank of America 2015 173
The table below provides information on the Corporation’s renegotiated TDR portfolio including the December 31, 2015, 2014 and
2013 unpaid principal balance, carrying value, and average pre- and post-modification interest rates of loans that were modified in
TDRs during 2015, 2014 and 2013, and net charge-offs recorded during the period in which the modification occurred.
Credit Card and Other Consumer – Renegotiated TDRs Entered into During 2015, 2014 and 2013
December 31, 2015 2015
(Dollars in millions)
Unpaid
Principal
Balance
Carrying
Value (1)
Pre-
Modification
Interest Rate
Post-
Modification
Interest Rate
Net
Charge-offs
U.S. credit card $205 $218 17.07% 5.08% $ 26
Non-U.S. credit card 74 86 24.05 0.53 63
Direct/Indirect consumer 19 12 5.95 5.19 9
Total $ 298 $316 18.58 3.84 $ 98
December 31, 2014 2014
U.S. credit card $ 276 $ 301 16.64% 5.15% $ 37
Non-U.S. credit card 91 106 24.90 0.68 91
Direct/Indirect consumer 27 19 8.66 4.90 14
Total $ 394 $ 426 18.32 4.03 $ 142
December 31, 2013 2013
U.S. credit card $ 299 $ 329 16.84% 5.84% $ 30
Non-U.S. credit card 134 147 25.90 0.95 138
Direct/Indirect consumer 47 38 11.53 4.74 15
Other consumer 8 8 9.28 5.25 —
Total $ 488 $ 522 18.89 4.37 $ 183
(1) Includes accrued interest and fees.
The table below provides information on the Corporation’s primary modification programs for the renegotiated TDR portfolio for
loans that were modified in TDRs during 2015, 2014 and 2013.
Credit Card and Other Consumer – Renegotiated TDRs Entered into During the Period by Program Type
2015
(Dollars in millions)
Internal
Programs
External
Programs Other (1) Total
U.S. credit card $134 $ 84 $ —$ 218
Non-U.S. credit card 3 4 79 86
Direct/Indirect consumer 1 — 11 12
Total renegotiated TDRs $ 138 $ 88 $ 90 $ 316
2014
U.S. credit card $ 196 $ 105 $ — $ 301
Non-U.S. credit card 6 6 94 106
Direct/Indirect consumer 4 2 13 19
Total renegotiated TDRs $ 206 $ 113 $ 107 $ 426
2013
U.S. credit card $ 192 $ 137 $ — $ 329
Non-U.S. credit card 16 9 122 147
Direct/Indirect consumer 15 8 15 38
Other consumer 8 — — 8
Total renegotiated TDRs $ 231 $ 154 $ 137 $ 522
(1) Other TDRs for non-U.S. credit card include modifications of accounts that are ineligible for a fixed payment plan.