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Navy Federal Credit Union • 2013 Financial Section
23
2013 ANNUAL REPORT
In subsequent periods, income is recognized based on a loan’s modified expected cash flows and
revised eective interest rate. Additional impairment is recognized for TDRs that exhibit further credit
deterioration after modification.
For the year ended December 31, 2013, TDRs that were more than 60 days delinquent within the first
12 months of modification totaled $5.4 million, which included $4.0 million of consumer loans, $1.1
million of credit card loans, and $0.3 million of real estate loans. For the year ended December 31, 2012,
TDRs that were more than 60 days delinquent within the first 12 months of modification totaled $5.3
million, which included $4.3 million of consumer loans, $0.8 million of credit card loans, and $0.2 million
of real estate loans.
Cumulative total loan amounts, average loan balances, interest, and impairment recognized on TDRs for
the years ended December 31, 2013 and 2012 were as follows:
(dollars in thousands)

  Interest Impairment
Consumer $ 352,477 $ 303,495 $ 35,260 $ 62,167
Credit card 207,491 175,123 21,384 54,240
Real estate 499,016 482,490 17,647 100,175
Total $  $ $ $

(dollars in thousands)   Interest Impairment
Consumer $ 254,513 $ 169,283 $ 24,433 $ 63,864
Credit card 142,756 146,411 13,354 51,906
Real estate 465,964 452,660 13,400 58,389
Total $  $ $ $
At December 31, 2013 and 2012, the amount of loan commitments available to members whose loans had
previously been modified as TDRs was $1.7 million and $0.5 million, respectively.