Rendering

Component: (Network and Table)
Network
2304301 - Disclosure - LOANS AND LEASES (Tables)
(http://www.citizensbank.com/role/LoansAndLeasesTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Receivables [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Receivables [Abstract]
 
Schedule of loans and leases
A summary of the loans and leases portfolio is presented below:
 
December 31,
(in millions)
2016

 
2015

Commercial

$37,274

 

$33,264

Commercial real estate
10,624

 
8,971

Leases
3,753

 
3,979

Total commercial
51,651

 
46,214

Residential mortgages
15,115

 
13,318

Home equity loans
1,858

 
2,557

Home equity lines of credit
14,100

 
14,674

Home equity loans serviced by others
750

 
986

Home equity lines of credit serviced by others
219

 
389

Automobile
13,938

 
13,828

Student
6,610

 
4,359

Credit cards
1,691

 
1,634

Other retail
1,737

 
1,083

Total retail
56,018

 
52,828

Total loans and leases (1) (2)

$107,669

 

$99,042



(1) Excluded from the table above are loans held for sale totaling $625 million and $365 million as of December 31, 2016 and 2015, respectively.
(2) Mortgage loans serviced for others by the Company’s subsidiaries are not included above, and amounted to $17.3 billion and $17.6 billion at December 31, 2016 and 2015, respectively.
 
 
Schedule of investment in leases, before the ALLL
A summary of the investment in leases, before the ALLL, is presented below:
 
December 31,
(in millions)
2016

 
2015

Direct financing leases

$3,670

 

$3,898

Leveraged leases
83

 
81

Total leases

$3,753

 

$3,979

The components of the investment in leases, before the ALLL, are presented below:
 
December 31,
(in millions)
2016

 
2015

Total future minimum lease rentals

$2,922

 

$3,195

Estimated residual value of leased equipment (non-guaranteed)
1,166

 
1,157

Initial direct costs
20

 
22

Unearned income on minimum lease rentals and estimated residual value of leased equipment
(355
)
 
(395
)
Total leases

$3,753

 

$3,979

 
 
Schedule of future minimum lease rentals on direct financing and leveraged leases
The future minimum lease rentals on direct financing and leveraged leases at December 31, 2016 are presented below:
Year
(in millions)

2017

$647

2018
610

2019
532

2020
401

2021
274

Thereafter
458

Total

$2,922