Wells Fargo 2013 Annual Report Download - page 76

LOANS 90 DAYS OR MORE PAST DUE AND STILL ACCRUING
Loans 90 days or more past due as to interest or principal are
still accruing if 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 are not included in 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.
Excluding insured/guaranteed loans, loans 90 days or more
past due and still accruing at December 31, 2013, were down
$390 million, or 27%, from December 31, 2012, due to payoffs,
modifications and other loss mitigation activities, decline in non-
strategic and liquidating portfolios, and credit stabilization.
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 Federal Family Education
Loan Program (FFELP) were $22.2 billion at December 31, 2013,
up from $21.8 billion at December 31, 2012.
Table 36 reflects non-PCI loans 90 days or more past due and
still accruing by class for loans not government
insured/guaranteed. For additional information on
delinquencies by loan class, see Note 6 (Loans and Allowance for
Credit Losses) to Financial Statements in this Report.
Table 36: Loans 90 Days or More Past Due and Still Accruing
December 31,
(in millions) 2013 2012 2011 2010 2009
Loans 90 days or more past due and still accruing:
Total (excluding PCI (1)): $ 23,219 23,245 22,569 18,488 22,188
Less: FHA insured/guaranteed by the VA (2)(3) 21,274 20,745 19,240 14,733 15,336
Less: Student loans guaranteed under the FFELP (4) 900 1,065 1,281 1,106 994
Total, not government insured/guaranteed $ 1,045 1,435 2,048 2,649 5,858
By segment and class, not government insured/guaranteed:
Commercial:
Commercial and industrial $ 11 47 153 308 590
Real estate mortgage 35 228 256 104 1,014
Real estate construction 97 27 89 193 909
Foreign - 1 6 22 73
Total commercial 143 303 504 627 2,586
Consumer:
Real estate 1-4 family first mortgage (3) 354 564 781 941 1,623
Real estate 1-4 family junior lien mortgage (3) 86 133 279 366 515
Credit card 321 310 346 516 795
Automobile 55 40 51 79 92
Other revolving credit and installment 86 85 87 120 247
Total consumer 902 1,132 1,544 2,022 3,272
Total, not government insured/guaranteed $ 1,045 1,435 2,048 2,649 5,858
(1) PCI loans totaled $4.5 billion, $6.0 billion, $8.7 billion, $11.6 billion and $16.1 billion at December 31, 2013, 2012, 2011, 2010 and 2009, respectively.
(2) Represents loans whose repayments are predominantly insured by the FHA or guaranteed by the VA.
(3) Includes MHFS 90 days or more past due and still accruing.
(4) Represents loans whose repayments are predominantly guaranteed by agencies on behalf of the U.S. Department of Education under the FFELP.
Risk Management – Credit Risk Management (continued)
74