Wells Fargo 2010 Annual Report Download - page 143
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Commitments to lend additional funds on loans whose terms
have been modified in a TDR amounted to $1.2 billion and
$452 million at December 31, 2010 and 2009, respectively.
These commitments primarily relate to CRE loans, which, at the
time of modification, had an amount of availability to the
borrower that continues under the modified terms of the TDR
and totaled $861 million and $134 million at December 31, 2010
and 2009, respectively.
The following table provides the average recorded investment
in impaired loans and the amount of interest income recognized
on impaired loans after impairment by portfolio segment and
class.
Year ended
December 31, 2010
Average
Recognized
recorded
interest
(in millions)
investment
income
Commercial:
Commercial and industrial $ 4,098
64
Real estate mortgage 4,598
41
Real estate construction 3,203
28
Lease financing 166
-
Foreign 47
-
Total commercial 12,112
133
Consumer:
Real estate 1-4 family first mortgage 9,221
494
Real estate 1-4 family
junior lien mortgage 1,443
55
Credit card 360
13
Other revolving credit and installment 132
3
Total consumer 11,156
565
Total impaired loans $ 23,268
698
The following table presents the average recorded investment
in impaired loans and interest income recognized on impaired
loans after impairment.
Year ended December 31,
(in millions)
2010
2009
2008
Average recorded investment
in impaired loans $
23,268
10,557
1,952
Interest income:
Cash basis of accounting $
250
130
34
Other (1)
448
102
9
Total interest income
$
698
232
43
(1) Includes interest recognized on accruing TDRs, interest recognized related to
the passage of time, and amortization of purchase accounting adjustments
related to certain impaired loans. See footnote 1 to the table of changes in the
allowance for credit losses.
141