Wells Fargo 2013 Annual Report Download - page 174

Note 6: Loans and Allowance for Credit Losses (continued)
LOANS 90 DAYS OR MORE PAST DUE AND STILL ACCRUING
Certain loans 90 days or more past due as to interest or principal
are still accruing, because they are (1) well-secured and in the
process of collection or (2) real estate 1-4 family mortgage loans
or consumer loans exempt under regulatory rules from being
classified as nonaccrual until later delinquency, usually 120 days
past due. PCI loans of $4.5 billion at December 31, 2013, and
$6.0 billion at December 31, 2012, are not included in these past
due and still accruing loans even though they are 90 days or
more contractually past due. These PCI loans are considered to
be accruing because they continue to earn interest from
accretable yield, independent of performance in accordance with
their contractual terms. Loans 90 days or more past due and still
accruing whose repayments are predominantly insured by the
FHA or guaranteed by the VA for mortgages and the U.S.
Department of Education for student loans under the FFELP
were $22.2 billion at December 31, 2013, up from $21.8 billion at
December 31, 2012.
The following table shows non-PCI loans 90 days or more
past due and still accruing by class for loans not government
insured/guaranteed.
December 31,
(in millions) 2013 2012
Loan 90 days or more past due and still accruing:
Total (excluding PCI): $ 23,219 23,245
Less: FHA insured/VA guaranteed (1)(2) 21,274 20,745
Less: Student loans guaranteed
under the FFELP (3) 900 1,065
Total, not government
insured/guaranteed $ 1,045 1,435
By segment and class, not government
insured/guaranteed:
Commercial:
Commercial and industrial $ 11 47
Real estate mortgage 35 228
Real estate construction 97 27
Foreign - 1
Total commercial 143 303
Consumer:
Real estate 1-4 family first mortgage (2) 354 564
Real estate 1-4 family junior lien mortgage (2) 86 133
Credit card 321 310
Automobile 55 40
Other revolving credit and installment 86 85
Total consumer 902 1,132
Total, not government
insured/guaranteed $ 1,045 1,435
(1) Represents loans whose repayments are predominantly insured by the FHA or
guaranteed by the VA.
(2) Includes mortgage loans held for sale 90 days or more past due and still
accruing.
(3) Represents loans whose repayments are predominantly guaranteed by agencies
on behalf of the U.S. Department of Education under the FFELP.
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