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Credit Quality and the Allowance for Loan and Lease Losses (Tables)
 12 Months Ended
Dec. 31, 2011
Summary of Transactions in the ALLL

The following table summarizes transactions in the ALLL for the years ended December 31:

         
($ in millions) 201120102009
Balance at January 1$ 3,004  3,749  2,787 
 Impact of change in accounting principle  -  45  - 
 Losses charged off  (1,314)  (2,485)  (2,719) 
 Recoveries of losses previously charged off  142  157  138 
 Provision for loan and lease losses  423  1,538  3,543 
Balance at December 31$ 2,255  3,004  3,749 

The following tables summarize transactions in the ALLL by portfolio segment:

For the year ended December 31, 2011   Residential      
($ in millions) CommercialMortgageConsumerUnallocatedTotal
Transactions in the ALLL:           
 Balance at January 1$ 1,989  310  555  150  3,004 
 Losses charged off  (615)  (180)  (519)  -  (1,314) 
 Recoveries of losses previously charged off  61  7  74  -  142 
 Provision for loan and lease losses  92  90  255  (14)  423 
Balance at December 31$ 1,527  227  365  136  2,255 
             
For the year ended December 31, 2010   Residential      
($ in millions) CommercialMortgageConsumerUnallocatedTotal
Transactions in the ALLL:           
 Balance at January 1$ 2,517  375  664  193  3,749 
 Losses charged off  (1,444)  (441)  (600)  -  (2,485) 
 Recoveries of losses previously charged off  80  2  75  -  157 
 Provision for loan and lease losses  836  374  371  (43)  1,538 
 Impact of change in accounting principal  -  -  45  -  45 
Balance at December 31$ 1,989  310  555  150  3,004 
Summary of the ALLL and Related Loans and Leases Classified by Portfolio Segment

The following tables provide a summary of the ALLL and related loans and leases classified by portfolio segment:

    Residential      
As of December 31, 2011 ($ in millions) CommercialMortgageConsumerUnallocatedTotal
ALLL:(a)           
 Individually evaluated for impairment$ 155  130  65  -  350 
 Collectively evaluated for impairment  1,371  96  300  -  1,767 
 Loans acquired with deteriorated credit quality  1  1  -  -  2 
 Unallocated  -  -  -  136  136 
Total ALLL$ 1,527  227  365  136  2,255 
Loans and leases:(b)           
 Individually evaluated for impairment$ 1,170  1,258  574  -  3,002 
 Collectively evaluated for impairment  44,299  9,341  24,300  -  77,940 
 Loans acquired with deteriorated credit quality  3  8  -  -  11 
Total portfolio loans and leases$ 45,472  10,607  24,874  -  80,953 

  • Includes $14 related to leveraged leases.
  • Excludes $65 of residential mortgage loans measured at fair value, and includes $1,022 of leveraged leases, net of unearned income.

 

    Residential      
As of December 31, 2010 ($ in millions) Commercial MortgageConsumerUnallocatedTotal
ALLL:(a)           
 Individually evaluated for impairment$ 209  119  107 -  435 
 Collectively evaluated for impairment  1,779  189  448 -  2,416 
 Loans acquired with deteriorated credit quality  1  2 - -  3 
 Unallocated - - -  150  150 
Total ALLL$ 1,989  310  555  150  3,004 
Loans and leases:(b)           
 Individually evaluated for impairment$ 1,076  1,180  651 -  2,907 
 Collectively evaluated for impairment  42,382  7,718  24,414 -  74,514 
 Loans acquired with deteriorated credit quality  4  12  8 -  24 
Total portfolio loans and leases$ 43,462  8,910  25,073 -  77,445 

  • Includes $15 related to leveraged leases.
  • Excludes $46 of residential mortgage loans measured at fair value, and includes $1,039 of leveraged leases, net of unearned income.

 
Loan and leases balances by credit quality indicator

The following table summarizes the credit risk profile of the Bancorp's commercial portfolio segment, by class:

    Special      
As of December 31, 2011 ($ in millions) PassMentionSubstandardDoubtfulTotal
Commercial and industrial loans$ 27,199  1,641  1,831 112  30,783 
Commercial mortgage loans owner-occupied  3,893  567  778  28  5,266 
Commercial mortgage loans nonowner-occupied  3,328  521  984  39  4,872 
Commercial construction loans  343  235  413  29  1,020 
Commercial leases  3,434  52  44  1  3,531 
Total$ 38,197  3,016  4,050  209  45,472 

    Special      
December 31, 2010 ($ in millions) PassMentionSubstandardDoubtfulTotal
Commercial and industrial loans$ 23,147  1,406  2,541  97  27,191 
Commercial mortgage loans owner-occupied  4,034  430  854  22  5,340 
Commercial mortgage loans nonowner-occupied  3,620  647  1,174  64  5,505 
Commercial construction loans  1,034  416  540  58  2,048 
Commercial leases  3,269  60  48  1  3,378 
Total$ 35,104  2,959  5,157  242  43,462 
            

The following table presents a summary of the Bancorp's residential mortgage and consumer portfolio segments disaggregated into performing versus nonperforming status as of December 31:

  20112010
($ in millions) PerformingNonperformingPerformingNonperforming
Residential mortgage loans(a)$ 10,332  275  8,642  268 
Home equity  10,665  54  11,457  56 
Automobile loans  11,825  2  10,980  3 
Credit card  1,930  48  1,841  55 
Other consumer loans and leases  349  1  597  84 
Total$ 35,101  380  33,517  466 

  • Excludes $65 and $46 of loans measured at fair value at December 31, 2011 and 2010, respectively.

  • Excludes $65 and $46 of loans measured at fair value at December 31, 2011 and 2010, respectively.
Delinquent Loans And Leases Summary Description Disclosure [Text Block]

The following tables summarize the Bancorp's recorded investment in portfolio loans and leases by age and class:

     Past Due    
   Current  90 Days     90 Days Past
As of December 31, 2011 Loans and 30-89 andTotal Total LoansDue and Still
($ in millions) LeasesDaysGreater(c)Past Dueand LeasesAccruing
Commercial:             
 Commercial and industrial loans $30,493 49 241 290 30,783 4 
 Commercial mortgage owner-occupied loans 5,088 62 116 178 5,266 1 
 Commercial mortgage nonowner-occupied loans 4,649 41 182 223 4,872 2 
 Commercial construction loans 887 12 121 133 1,020 1 
 Commercial leases 3,521 4 6 10 3,531 0 
Residential mortgage loans(a) (b) 10,149 110 348 458 10,607 79 
Consumer:             
 Home equity 10,455 136 128 264 10,719 74 
 Automobile loans 11,744 71 12 83 11,827 9 
 Credit card 1,873 33 72 105 1,978 30 
 Other consumer loans and leases  348 1 1 2 350 0 
Total portfolio loans and leases(a)$79,207 519 1,227 1,746 80,953 200 

  • Excludes $65 of loans measured at fair value.
  • Information for current residential mortgage loans includes advances made pursuant to servicing agreements for GNMA mortgage pools whose repayments are insured by the Federal Housing Administration or guaranteed by the Department of Veterans Affairs. As of December 31, 2011, $45 of these loans were 30-89 days past due and $309 were 90 days or more past due. The Bancorp recognized an immaterial amount of losses for the year ended December 31, 2011 due to claim denials and curtailments associated with these advances.
  • Includes accrual and nonaccrual loans and leases.

 

     Past Due    
   Current  90 Days     90 Days Past
As of December 31, 2010 Loans and 30-89andTotal Total LoansDue and Still
($ in millions) LeasesDaysGreater(c)Past Dueand LeasesAccruing
Commercial:             
 Commercial and industrial loans $26,687 201 303 504 27,191 16 
 Commercial mortgage owner-occupied loans 5,151 50 139 189 5,340 8 
 Commercial mortgage nonowner-occupied loans 5,252 38 215 253 5,505 3 
 Commercial construction loans 1,831 72 145 217 2,048 3 
 Commercial leases 3,361 10 7 17 3,378 0 
Residential mortgage loans(a) (b) 8,404 138 368 506 8,910 100 
Consumer:             
 Home equity 11,220 148 145 293 11,513 89 
 Automobile loans 10,872 96 15 111 10,983 13 
 Credit card 1,771 35 90 125 1,896 42 
 Other consumer loans and leases  672 3 6 9 681 0 
Total portfolio loans and leases(a)$75,221 791 1,433 2,224 77,445 274 

  • Excludes $46 of loans measured at fair value.
  • Information for current residential mortgage loans includes advances made pursuant to servicing agreements for GNMA mortgage pools whose repayments are insured by the Federal Housing Administration or guaranteed by the Department of Veterans Affairs. As of December 31, 2010, $55 of these loans were 30-89 days past due and $284 were 90 days or more past due. The Bancorp recognized $2 million in losses for the year ended December 31, 2010 due to claim denials and curtailments associated with these advances.
  • Includes accrual and nonaccrual loans and leases.

 
Impaired Loans And Valuation Allowance By Class Disclosure [Text Block]

The following table summarizes the Bancorp's impaired loans and leases (by class) that were subject to individual review as of December 31, 2011:

      Unpaid    
As of December 31, 2011   PrincipalRecorded   
($ in millions)   BalanceInvestmentAllowance
With a related allowance recorded:           
Commercial:           
 Commercial and industrial loans     $330 246 102 
 Commercial mortgage owner-occupied loans     66 52 10 
 Commercial mortgage nonowner-occupied loans     203 147 24 
 Commercial construction loans     213 120 18 
 Commercial leases     11 10 2 
Restructured residential mortgage loans     1,091 1,038 131 
Restructured consumer:           
 Home equity     401 397 46 
 Automobile loans     37 37 5 
 Credit card     94 88 14 
 Other consumer loans and leases      2 2 0 
Total impaired loans with a related allowance    $2,448 2,137 352 
With no related allowance recorded:           
Commercial:           
 Commercial and industrial loans     $375 265 0 
 Commercial mortgage owner-occupied loans     78 69 0 
 Commercial mortgage nonowner-occupied loans     191 157 0 
 Commercial construction loans     143 105 0 
 Commercial leases     2 2 0 
Restructured residential mortgage loans     276 228 0 
Restructured consumer:           
 Home equity     48 46 0 
 Automobile loans     4 4 0 
Total impaired loans with no related allowance     1,117 876 0 
Total impaired loans     $3,565 3,013 (a)352 

  • Includes $390, $1,117 and $495, respectively, of commercial, residential mortgage and consumer TDRs on accrual status; $160, $141 and $79, respectively, of commercial, residential mortgage and consumer TDRs on nonaccrual status.

 

   Unpaid    
  PrincipalRecorded   
($ in millions) BalanceInvestmentAllowance
With a related allowance recorded:       
Commercial:       
 Commercial and industrial loans $404 291 128 
 Commercial mortgage owner-occupied loans 49 37 4 
 Commercial mortgage nonowner-occupied loans 386 202 40 
 Commercial construction loans 240 150 31 
 Commercial leases 15 15 7 
Restructured residential mortgage loans 1,126 1,071 121 
Restructured consumer:       
 Home equity 400 397 53 
 Automobile loans 33 32 5 
 Credit card 100 100 18 
 Other consumer loans and leases  78 78 31 
Total impaired loans with a related allowance$2,831 2,373 438 
With no related allowance recorded:       
Commercial:       
 Commercial and industrial loans $194 153 0 
 Commercial mortgage owner-occupied loans 113 99 0 
 Commercial mortgage nonowner-occupied loans 126 108 0 
 Commercial construction loans 24 8 0 
 Commercial leases 17 17 0 
Restructured residential mortgage loans 146 121 0 
Restructured consumer:       
 Home equity 48 46 0 
 Automobile loans 6 6 0 
Total impaired loans with no related allowance 674 558 0 
Total impaired loans $3,505 2,931 (a)438 

  • Includes $228, $1,066 and $492, respectively, of commercial, residential mortgage and consumer TDRs on accrual status; $141, $116 and $90, respectively, of commercial, residential mortgage and consumer TDRs on nonaccrual status.

 
Summarizes the Bancorp's Average Impaired Loans and Leases and Interest Income by Class

The following table summarizes the Bancorp's average impaired loans and leases and interest income by class for the year ended December 31, 2011:

 

     For the year ended
     December 31, 2011
     AverageInterest
     RecordedIncome
($ in millions)   InvestmentRecognized
Commercial:       
 Commercial and industrial loans   $532 5 
 Commercial mortgage owner-occupied loans   117 2 
 Commercial mortgage nonowner-occupied loans   288 5 
 Commercial construction loans   198 3 
 Commercial leases   16 0 
Restructured residential mortgage loans   1,217 41 
Restructured consumer:       
 Home equity   444 23 
 Automobile loans   41 1 
 Credit card   94 3 
 Other consumer loans and leases    21 0 
Total impaired loans  $2,968 83 
Summary of Loans Modified in a TDR

The following table provides a summary of loans modified in a TDR by the Bancorp during the year ended December 31, 2011:

    Recorded investmentIncrease  
  Number of loansin loans modified(Decrease)Charge-offs
 modified in a TDRin a TDR to ALLL uponrecognized upon
($ in millions)(a)during the period(b)during the periodmodificationmodification
Commercial:         
 Commercial and industrial loans 52 $83  (4) 3 
 Commercial mortgage owner-occupied loans32  55  (6) 2 
 Commercial mortgage nonowner-occupied loans39  90  (21) 3 
 Commercial construction loans26  59  (9) 1 
 Commercial leases2  0 0 0 
Residential mortgage loans1,728  338 34 0 
Consumer:         
 Home equity1,317  80 1 0 
 Automobile loans1,482  26 3 0 
 Credit card12,234  79 11 0 
Total portfolio loans and leases16,912 $810  9 9 

  • Excludes all loans and leases held for sale and loans acquired with deteriorated credit quality.
  • Represents number of loans post-modification.

 
Summary of Subsequent Defaults

The following table provides a summary of subsequent defaults that occurred during the year ended December 31, 2011 and within 12 months of the restructuring date:

  Number of Recorded
($ in millions)(a)Contracts Investment
Commercial:     
 Commercial and industrial loans 8 $4 
 Commercial mortgage owner-occupied loans4  5 
 Commercial mortgage nonowner-occupied loans4  3 
 Commercial construction loans3  4 
Residential mortgage loans337  55 
Consumer:     
 Home equity206  13 
 Automobile loans28  1 
 Credit card67  1 
Total portfolio loans and leases657 $86 

  • Excludes all loans and leases held for sale and loans acquired with deteriorated credit quality.

 
Summary of the Bancorp's Nonperforming Loans and Leases by Class

Nonperforming Assets:

The following table summarizes the Bancorp's nonperforming loans and leases, by class, as of December 31:

 

($ in millions) 20112010
Commercial:     
 Commercial and industrial loans $487 568 
 Commercial mortgage owner-occupied loans 170 168 
 Commercial mortgage nonowner-occupied loans 251 267 
 Commercial construction loans 138 192 
 Commercial leases 12 19 
Total commercial loans and leases 1,058 1,214 
Residential mortgage loans 275 268 
Consumer:     
 Home equity 54 56 
 Automobile loans 2 3 
 Credit card 48 55 
 Other consumer loans and leases  1 84 
Total consumer loans and leases 105 198 
Total nonperforming loans and leases(a)$1,438 1,680 
OREO and other repossessed property(b) 378 494 

  • Excludes $138 and $294 of nonaccrual loans held for sale at December 31, 2011 and 2010, respectively.
  • Excludes $64 and $38 of OREO related to government insured loans at December 31, 2011 and 2010, respectively.