Bank of America 2009 Annual Report Download - page 117

Table VIII Allocation of the Allowance for Credit Losses by Product Type
December 31
2009 2008 2007 2006 2005
(Dollars in millions) Amount
Percent
of Total Amount
Percent
of Total Amount
Percent
of Total Amount
Percent
of Total Amount
Percent
of Total
Allowance for loan and lease losses
Residential mortgage $ 4,607 12.38% $ 1,382 5.99% $ 207 1.79% $ 248 2.75% $ 277 3.44%
Home equity 10,160 27.31 5,385 23.34 963 8.31 133 1.48 136 1.69
Discontinued real estate 989 2.66 658 2.85 n/a n/a n/a n/a n/a n/a
Credit card – domestic 6,017 16.18 3,947 17.11 2,919 25.19 3,176 35.23 3,301 41.03
Credit card – foreign 1,581 4.25 742 3.22 441 3.81 336 3.73 - -
Direct/Indirect consumer 4,227 11.36 4,341 18.81 2,077 17.92 1,378 15.28 421 5.23
Other consumer 204 0.55 203 0.88 151 1.30 289 3.20 380 4.73
Total consumer 27,785 74.69 16,658 72.20 6,758 58.32 5,560 61.67 4,515 56.12
Commercial – domestic
(1)
5,152 13.85 4,339 18.81 3,194 27.56 2,162 23.98 2,100 26.10
Commercial real estate 3,567 9.59 1,465 6.35 1,083 9.35 588 6.52 609 7.57
Commercial lease financing 291 0.78 223 0.97 218 1.88 217 2.41 232 2.89
Commercial – foreign 405 1.09 386 1.67 335 2.89 489 5.42 589 7.32
Total commercial
(2)
9,415 25.31 6,413 27.80 4,830 41.68 3,456 38.33 3,530 43.88
Allowance for loan and lease losses 37,200 100.00% 23,071 100.00% 11,588 100.00% 9,016 100.00% 8,045 100.00%
Reserve for unfunded lending
commitments (3) 1,487 421 518 397 395
Allowance for credit losses (4) $38,687 $23,492 $12,106 $9,413 $8,440
(1) Includes allowance for small business commercial – domestic loans of $2.4 billion, $2.4 billion, $1.4 billion and $578 million at December 31, 2009, 2008, 2007 and 2006, respectively. The allowance for small
business commercial – domestic loans was not material in 2005.
(2) Includes allowance for loan and lease losses for impaired commercial loans of $1.2 billion, $691 million, $123 million, $43 million and $55 million at December 31, 2009, 2008, 2007, 2006 and 2005, respectively.
(3) Amounts for 2009 include the Merrill Lynch acquisition. The majority of the increase from December 31, 2008 relates to the fair value of the acquired Merrill Lynch unfunded lending commitments, excluding
commitments accounted for under the fair value option.
(4) Includes $3.9 billion and $750 million related to purchased impaired loans at December 31, 2009 and 2008.
n/a = not applicable
Table IX Selected Loan Maturity Data (1, 2)
December 31, 2009
(Dollars in millions)
Due in One
Year or Less
Due After
One Year
Through
Five Years
Due After
Five Years Total
Commercial – domestic $ 69,112 $ 90,528 $42,239 $201,879
Commercial real estate – domestic 30,926 26,463 9,154 66,543
Foreign and other
(3)
25,157 8,361 262 33,780
Total selected loans $125,195 $125,352 $51,655 $302,202
Percent of total 41.4% 41.5% 17.1% 100.0%
Sensitivity of selected loans to changes in interest rates for loans due after one year:
Fixed interest rates $ 12,612 $28,247
Floating or adjustable interest rates 112,740 23,408
Total $125,352 $51,655
(1) Loan maturities are based on the remaining maturities under contractual terms.
(2) Includes loans accounted for under the fair value option.
(3) Loan maturities include other consumer, commercial real estate and commercial – foreign loans.
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