Threshold period past due for nonperforming status of financing receivables

  


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|  | 30-59 DaysPast Due (1) |  | 60-89 Days Past Due (1) |  | 90 Days orMorePast Due (1) |  | Total PastDue 30 Daysor More |  | Total Current orLess Than 30 DaysPast Due (1) |  |  |  | LoansAccounted for Underthe Fair Value Option |  | Total Outstandings |
| (Dollars in millions) | December 31, 2021 |
| Consumer real estate |   |  |  |  |   |  |   |  |   |  |  |  |   |  |   |
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| Residential mortgage | $ | 1,005  |  |  | $ | 297  |  |  | $ | 1,571  |  |  | $ | 2,873  |  |  | $ | 219,090  |  |  |  |  |  |  | $ | 221,963  |  |
| Home equity | 123  |  |  | 69  |  |  | 369  |  |  | 561  |  |  | 27,374  |  |  |  |  |  |  | 27,935  |  |
| Credit card and other consumer |   |  |   |  |   |  |  |  |   |  |  |  |   |  |  |
| Credit card | 298  |  |  | 212  |  |  | 487  |  |  | 997  |  |  | 80,441  |  |  |  |  |   |  | 81,438  |  |
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| Direct/Indirect consumer (2) | 147  |  |  | 52  |  |  | 18  |  |  | 217  |  |  | 103,343  |  |  |  |  |   |  | 103,560  |  |
| Other consumer  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | 190  |  |  |  |  |   |  | 190  |  |
| Total consumer | 1,573  |  |  | 630  |  |  | 2,445  |  |  | 4,648  |  |  | 430,438  |  |  |  |  |  |  | 435,086  |  |
| Consumer loans accounted for under the fair value option (3) |  |  |  |  |  |  |  |  |  |  |  |  | $ | 618  |  |  | 618  |  |
| Total consumer loans and leases | 1,573  |  |  | 630  |  |  | 2,445  |  |  | 4,648  |  |  | 430,438  |  |  |  |  | 618  |  |  | 435,704  |  |
| Commercial |   |  |   |  |   |  |   |  |   |  |  |  |   |  |   |
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| U.S. commercial | 815  |  |  | 308  |  |  | 396  |  |  | 1,519  |  |  | 324,417  |  |  |  |  |   |  | 325,936  |  |
| Non-U.S. commercial | 148  |  |  | 20  |  |  | 83  |  |  | 251  |  |  | 113,015  |  |  |  |  |   |  | 113,266  |  |
| Commercial real estate (4) | 115  |  |  | 34  |  |  | 285  |  |  | 434  |  |  | 62,575  |  |  |  |  |   |  | 63,009  |  |
| Commercial lease financing | 104  |  |  | 28  |  |  | 13  |  |  | 145  |  |  | 14,680  |  |  |  |  |   |  | 14,825  |  |
| U.S. small business commercial (5) | 129  |  |  | 259  |  |  | 89  |  |  | 477  |  |  | 18,706  |  |  |  |  |   |  | 19,183  |  |
| Total commercial | 1,311  |  |  | 649  |  |  | 866  |  |  | 2,826  |  |  | 533,393  |  |  |  |  |   |  | 536,219  |  |
| Commercial loans accounted for under the fair value option (3) |  |  |  |  |  |  |  |  |  |  |  |  | 7,201  |  |  | 7,201  |  |
| Total commercial loans and leases | 1,311  |  |  | 649  |  |  | 866  |  |  | 2,826  |  |  | 533,393  |  |  |  |  | 7,201  |  |  | 543,420  |  |
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| Total loans and leases (6) | $ | 2,884  |  |  | $ | 1,279  |  |  | $ | 3,311  |  |  | $ | 7,474  |  |  | $ | 963,831  |  |  |  |  | $ | 7,819  |  |  | $ | 979,124  |  |
| Percentage of outstandings  | 0.29  | % |  | 0.13  | % |  | 0.34  | % |  | 0.76  | % |  | 98.44  | % |  |  |  | 0.80  | % |  | 100.00  | % |

(1)Consumer real estate loans 30-59 days past due includes fully-insured loans of $164 million and nonperforming loans of $118 million. Consumer real estate loans 60-89 days past due includes fully-insured loans of $89 million and nonperforming loans of $100 million. Consumer real estate loans 90 days or more past due includes fully-insured loans of $633 million. Consumer real estate loans current or less than 30 days past due includes $1.4 billion, and direct/indirect consumer includes $55 million of nonperforming loans. (2)Total outstandings primarily includes auto and specialty lending loans and leases of $48.5 billion, U.S. securities-based lending loans of $51.1 billion and non-U.S. consumer loans of $3.0 billion.(3)Consumer loans accounted for under the fair value option includes residential mortgage loans of $279 million and home equity loans of $339 million. Commercial loans accounted for under the fair value option includes U.S. commercial loans of $4.6 billion and non-U.S. commercial loans of $2.6 billion. For more information, see Note 14 – Fair Value Measurements and Note 15 – Fair Value Option.(4)Total outstandings includes U.S. commercial real estate loans of $58.2 billion and non-U.S. commercial real estate loans of $4.8 billion.(5)Includes Paycheck Protection Program loans.(6)Total outstandings includes loans and leases pledged as collateral of $13.0 billion. The Corporation also pledged $146.6 billion of loans with no related outstanding borrowings to secure potential borrowing capacity with the Federal Reserve Bank and Federal Home Loan Bank.The Corporation has entered into long-term credit protection agreements with FNMA and FHLMC on loans totaling $9.7 billion and $10.5 billion at September 30, 2022 and December 31, 2021, providing full credit protection on residential mortgage loans that become severely delinquent. All of these loans are individually insured, and therefore the Corporation does not record an allowance for credit losses related to these loans.Nonperforming Loans and LeasesCommercial nonperforming loans decreased to $1.2 billion at September 30, 2022 from $1.6 billion at December 31, 2021. Consumer nonperforming loans decreased to $2.8 billion at September 30, 2022 from $3.0 billion at December 31, 2021 primarily due to decreases from consumer real estate loansales, partially offset by increases from loans with expired deferrals that were modified in TDRs during the first quarter of 2022. The following table presents the Corporation’s nonperforming loans and leases, including nonperforming TDRs, and loans accruing past due 90 days or more at September 30, 2022 and December 31, 2021. Nonperforming loans held-for-sale (LHFS) are excluded from nonperforming loans and leases as they are recorded at either fair value or the lower of cost or fair value. For more information on the criteria for classification as nonperforming, see Note 1 – Summary of Significant Accounting Principles to the Consolidated Financial Statements of the Corporation’s 2021 Annual Report on Form 10-K.   


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|  |  | Bank of America  66 |


