Bank of America 2015 Annual Report Download - page 177

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Bank of America 2015 175
The table below provides the unpaid principal balance, carrying value and related allowance at December 31, 2015 and 2014, and
the average carrying value and interest income recognized for 2015, 2014 and 2013 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, 2015 December 31, 2014
(Dollars in millions)
Unpaid
Principal
Balance
Carrying
Value
Related
Allowance
Unpaid
Principal
Balance
Carrying
Value
Related
Allowance
With no recorded allowance
U.S. commercial $ 566 $ 541 $ — $ 668 $ 650 $ —
Commercial real estate 82 77 — 60 48 —
Non-U.S. commercial 4 4 — — — —
With an allowance recorded
U.S. commercial $ 1,350 $ 1,157 $ 115 $ 1,139 $ 839 $ 75
Commercial real estate 328 107 11 678 495 48
Non-U.S. commercial 531 381 56 47 44 1
U.S. small business commercial (1) 105 101 35 133 122 35
Total
U.S. commercial $ 1,916 $ 1,698 $ 115 $ 1,807 $ 1,489 $ 75
Commercial real estate 410 184 11 738 543 48
Non-U.S. commercial 535 385 56 47 44 1
U.S. small business commercial (1) 105 101 35 133 122 35
2015 2014 2013
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 $ 688 $ 14 $ 546 $ 12 $ 442 $ 6
Commercial real estate 75 1 166 3 269 3
Non-U.S. commercial 29 1 15 — 28 —
With an allowance recorded
U.S. commercial $ 953 $ 48 $ 1,198 $ 51 $ 1,553 $ 47
Commercial real estate 216 7 632 16 1,148 28
Non-U.S. commercial 125 7 52 3 109 5
U.S. small business commercial (1) 109 1 151 3 236 6
Total
U.S. commercial $ 1,641 $ 62 $ 1,744 $ 63 $ 1,995 $ 53
Commercial real estate 291 8 798 19 1,417 31
Non-U.S. commercial 154 8 67 3 137 5
U.S. small business commercial (1) 109 1 151 3 236 6
(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.