Wells Fargo 2013 Annual Report Download - page 74

Risk Management – Credit Risk Management (continued)
TROUBLED DEBT RESTRUCTURINGS (TDRs)
Table 33: Troubled Debt Restructurings (TDRs)
December 31,
(in millions) 2013 2012 2011 2010 2009
Commercial TDRs
Commercial and industrial $ 1,032 1,683 2,026 613 82
Real estate mortgage 2,248 2,625 2,262 725 73
Real estate construction 475 801 1,008 407 110
Lease financing 8 20 33 - -
Foreign 2 17 20 6 -
Total commercial TDRs 3,765 5,146 5,349 1,751 265
Consumer TDRs
Real estate 1-4 family first mortgage 18,925 17,804 13,799 11,603 6,685
Real estate 1-4 family junior lien mortgage 2,468 2,390 1,986 1,626 1,566
Credit Card 431 531 593 548 -
Automobile 189 314 260 214 -
Other revolving credit and installment 33 24 19 16 17
Trial modifications 650 705 651 - -
Total consumer TDRs (1)(2) 22,696 21,768 17,308 14,007 8,268
Total TDRs $ 26,461 26,914 22,657 15,758 8,533
TDRs on nonaccrual status $ 8,172 10,149 6,811 5,185 2,289
TDRs on accrual status (1) 18,289 16,765 15,846 10,573 6,244
Total TDRs $ 26,461 26,914 22,657 15,758 8,533
(1) TDR loans include $2.5 billion, $1.9 billion, $318 million, $429 million and $486 million at December 31, 2013, 2012, 2011, 2010 and 2009, respectively, of government
insured/guaranteed loans that are predominantly insured by the FHA or guaranteed by the VA and are accruing.
(2) Reflects the impact of the prospective adoption of the OCC guidance issued in 2012.
Table 34: TDRs Balance by Quarter During 2013
(in millions)
Dec. 31,
2013
Sept. 30,
2013
June 30,
2013
Mar. 31,
2013
Commercial TDRs
Commercial and industrial $ 1,032 1,153 1,238 1,493
Real estate mortgage 2,248 2,457 2,605 2,556
Real estate construction 475 598 680 735
Lease financing 8 9 11 17
Foreign 2 2 17 17
Total commercial TDRs 3,765 4,219 4,551 4,818
Consumer TDRs
Real estate 1-4 family first mortgage 18,925 18,974 19,093 18,928
Real estate 1-4 family junior lien mortgage 2,468 2,399 2,408 2,431
Credit Card 431 455 477 501
Automobile 189 212 246 279
Other revolving credit and installment 33 32 29 27
Trial modifications 650 717 716 723
Total consumer TDRs 22,696 22,789 22,969 22,889
Total TDRs $ 26,461 27,008 27,520 27,707
TDRs on nonaccrual status $ 8,172 8,609 9,030 10,332
TDRs on accrual status 18,289 18,399 18,490 17,375
Total TDRs $ 26,461 27,008 27,520 27,707
Table 33 and Table 34 provide information regarding the
recorded investment of loans modified in TDRs. The allowance
for loan losses for TDRs was $4.5 billion and $5.0 billion at
December 31, 2013 and 2012, respectively. See Note 6 (Loans
and Allowance for Credit Losses) to Financial Statements in this
Report for additional information regarding TDRs. In those
situations where principal is forgiven, the entire amount of such
forgiveness is immediately charged off to the extent not done so
prior to the modification. We sometimes delay the timing on the
repayment of a portion of principal (principal forbearance) and
charge off the amount of forbearance if that amount is not
considered fully collectible.
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