Data Dictionary
Item Number 2709
DEFERRED LOAN FEES, UNAMORTIZED PREMIUMS, AND UNACCRETED DISCOUNTSCall confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| SVGL2709 | 1988-06-30 | 1996-12-31 | Yes | Multiple Forms |
Data Description:
Deferred loan fees, unamortized premiums, and unaccreted discounts are accounted for as yield adjustments. The net amount of these capitalized yield adjustments is reported here. This line will be negative (i.e., a net debit) when unamortized premiums exceed the total of deferred loan fees and unaccreted discounts. Only in this instance should this contra-asset be indicated as negative and enclosed in brackets. These yield adjustments are taken to income "Interest on Nonmortgage Loans: Commercial Loans (4244)" or "Interest on Nonmortgage Loans: Consumer (Open- and Closed-End) (4281)", as appropriate.
Also includes unamortized loan origination and commitment fees, and deferred direct loan origination costs for nonmortgage loans; unamortized premiums and discounts on nonmortgage loans purchased at other than face value due to changes in market interest rates; unamortized premiums and discounts on nonmortgage loans arising from purchase accounting adjustments due to purchase at other than face value; unamortized difference in the principal amounts in reciprocal sales of nonmortgage loans (i.e., when the principal amount of the loans purchased is greater or less than the principal amount of the loans sold); interest paid in advance, lump-sum payments of interest, and unamortized interest as a result of "buy-downs." Transfer of lower-of-cost-or-market valuation allowances on loans now held for investment that were previously classified as held for sale. These loans are not marked up to cost at reclassification; the difference between cost and market at date of transfer is treated as a discount and is amortized in accordance with FAS No. 91; and deferred gains on the sale of servicing rights when the related loans are retained in the reporting thrift's portfolio.
Excludes the unearned interest portion of "add-on loans" (discount loans); deduct from the applicable loan balance in accordance with APB Opinion No. 21; or discounts and premiums on loans held in a trading portfolio, directly adjust the asset balance.