During the fiscal year September 30, 2005, the Company recorded an impairment charge of $5.3 million relating to certain intangible assets within its technology operations.
Amortization expense for other intangible assets was $10.3 million, $10.0 million and $7.0 million in the fiscal years ended September 30, 2005, 2004 and 2003, respectively.
Amortization expense for other intangible assets is estimated to be $10.1 million in fiscal 2006, $8.8 million in fiscal 2007, $5.0 million in fiscal 2008, $3.3 million in fiscal 2009, $3.2 million in fiscal 2010, and $15.9 million thereafter.
Note 6.
Debt Debt consisted of the following:
## Table 0 ##
Long-Term Debt In September 2005, the Company issued $400 million of 5.625% senior notes due September 15, 2012 (the “2012 Notes”) and $500 million of 5.875% senior notes due September 15, 2015 (the “2015 Notes”).
The 2012 Notes and 2015 Notes each were sold at 99.5% of principal amount and have an effective interest yield of 5.71% and 5.94%, respectively.
Interest on the 2012 Notes and the 2015 Notes is payable semiannually in arrears, commencing on March 15, 2006.
Both the 2012 Notes and the 2015 Notes are redeemable at the Company’s option at a price equal to the greater of 100% of the principal amount thereof, or the sum of the discounted value of the remaining scheduled payments, as defined.
In addition, at any time before September 15, 2008, the Company may redeem up to an aggregate of 35% of the principal amount of the 2012 Notes or the 2015 Notes at redemption prices equal to 105.625% and 105.875%, respectively, of the principal amounts thereof, plus accrued and unpaid interest and liquidated damages, if any, to the date of redemption, with the cash proceeds of one or more equity issuances.
In connection with the issuance of the 2012 Notes and the 2015 Notes, the Company incurred approximately $6.3 million and $7.9 million of costs, respectively, which were deferred and are being amortized over the terms of the notes.
The gross proceeds from the sale of the 2012 Notes and the 2015 Notes were used to finance the early retirement of the $500 million of 81?8% senior notes due 2008 and $300 million of 71?4% senior notes due 2012 in September 2005, including the payment of $102.3 million of premiums and other costs.
Additionally, the Company expensed $8.5 million of deferred financing costs related to the retirement of the 71?4% Notes and the 81?8% Notes.
In December 2004, the Company entered into a $700 million five-year senior unsecured revolving credit facility (the “Senior Revolving Credit Facility”) with a syndicate of lenders.
The Senior Revolving Credit Facility replaced the Senior Credit Agreement, as defined below.
There were no borrowings outstanding under the Senior Revolving Credit Facility at September 30, 2005.
Interest on borrowings under the Senior Revolving Credit Facility accrues at specific rates based on the Company’s debt rating.
In April 2005, the Company’s debt rating was raised by one of the rating agencies and in accordance with the terms of the Senior Revolving Credit Facility, interest on borrowings accrue at either 80 basis points over LIBOR or the prime rate at September 30, 2005.
Availability under the Senior Revolving Credit Facility is reduced by the amount of outstanding letters of credit ($12.0 million at September 30, 2005).
The Company pays quarterly facility fees to maintain the availability under the Senior Revolving Credit Facility at specific rates based on the Company’s debt rating.
In April 2005, the rate payable to maintain the availability of the $700 million commitment was reduced to 20 basis points per annum resulting from the Company’s improved debt rating.
In connection with entering into the Senior Revolving Credit Facility, the Company incurred approximately $2.5 million of costs, which were deferred and are being amortized over the life of the facility.
The Company may choose to repay or reduce its commitments under the Senior Revolving Credit Facility at any time.
The Senior Revolving Credit Facility contains covenants that impose limitations on, among other things, additional indebtedness, distributions and dividends to stockholders, and investments.
Additional covenants require compliance with financial tests, including leverage and minimum earnings to fixed charges ratios.
In August 2001, the Company had entered into a senior secured credit agreement (the “Senior Credit Agreement”) with a syndicate of lenders.
The Senior Credit Agreement consisted of a $1.0 billion revolving credit facility (the “Revolving Facility”) and a $300 million term loan facility (the “Term Facility”), both of which had been scheduled to mature in August 2006.
The Term Facility had scheduled quarterly maturities, which began in December 2002, totaling $60 million in each of fiscal 2003 and 2004, $80 million in fiscal 2005 and $100 million in fiscal 2006.
The company previously paid the scheduled quarterly maturities of $60 million in fiscal 2004 and 2003.
Nonaccrual loans are included in loans, net of unearned income.
The impact of financial derivatives used in interest rate risk management is included in the interest income/expense and average yields/rates of the related assets and liabilities.
Basis adjustments related to hedged items are included in noninterest-earning assets and noninterest-bearing liabilities.
Average balances of securities are based on amortized historical cost (excluding adjustments to fair value, which are included in other assets).
Average balances for certain loans and borrowed funds accounted for at fair value, with changes in fair value recorded in trading noninterest income, are included in noninterest-earning assets and noninterest-bearing liabilities.
The interest-earning deposits with the Federal Reserve are included in the “Other” interestearning assets category.
Loan fees for the years ended December 31, 2011, 2010, and 2009 were $175 million, $154 million, and $162 million, respectively.
Interest income includes the effects of taxable-equivalent adjustments using a marginal federal income tax rate of 35% to increase tax-exempt interest income to a taxable-equivalent basis.
The taxable-equivalent adjustments to interest income for the years ended December 31, 2011, 2010, and 2009 were $104 million, $81 million, and $65 million, respectively.
LOANS OUTSTANDING
## Table 1 ##
(a) Includes the impact of National City, which we acquired on December 31, 2008.
NONPERFORMING ASSETS AND RELATED INFORMATION
## Table 2 ##
(d) Effective in the second quarter 2011, the commercial nonaccrual policy was applied to certain small business credit card balances.
This change resulted in loans being placed on nonaccrual status when they become 90 days or more past due.
We continue to charge off these loans at 180 days past due.
(e) Nonperforming loans do not include government insured or guaranteed loans, loans held for sale, loans accounted for under the fair value option and purchased impaired loans.
(f) Other real estate owned excludes $280 million and $178 million at December 31, 2011 and December 31, 2010, respectively, related to residential real estate that was acquired by us upon foreclosure of serviced loans because they are insured by the Federal Housing Administration (FHA) or guaranteed by the Department of Veterans Affairs (VA).
(g) The allowance for loan and lease losses includes impairment reserves attributable to purchased impaired loans.
See Note 5 Asset Quality and Allowances for Loan and Lease Losses and Unfunded Loan Commitments and Letters of Credit in the Notes To Consolidated Financial Statements in Item 8 of this Report for additional information.
OREO and Foreclosed Assets
## Table 3 ##
Total OREO and foreclosed assets decreased $61 million during 2011 from $657 million at December 31, 2010, to $596 million at December 31, 2011, which represents 14% of total nonperforming assets.
As of December 31, 2011 and December 31, 2010, 32% and 46%, respectively, of our OREO and foreclosed assets were comprised of single family residential properties.
The lower level of OREO and foreclosed assets was driven by lower levels of residential properties as new foreclosures have fallen from the very high levels of early 2010 and sales of foreclosed properties have rebounded from the low point in the fourth quarter 2010, partially offset by an increase in commercial properties which was due to an increase in the average balance added to OREO with commercial property sales remaining constant year over year.
Excluded from OREO at December 31, 2011 and December 31, 2010, respectively, was $280 million and $178 million of residential real estate that was acquired by us upon foreclosure of serviced loans because they are insured by the Federal Housing Administration (FHA) or guaranteed by the Department of Veterans Affairs (VA).
Change in Nonperforming Assets

Tables referenced above, in order (Table 0 first):
<table><tr><td></td><td>September 30,</td></tr><tr><td><i>Dollars in thousands</i></td><td>2005</td><td>2004</td></tr><tr><td>Blanco revolving credit facility at 4.53% and 3.34%, respectively, due 2006</td><td>$55,000</td><td>$55,000</td></tr><tr><td>AmerisourceBergen securitization financing due 2007</td><td>—</td><td>—</td></tr><tr><td>Revolving credit facility due 2009</td><td>—</td><td>—</td></tr><tr><td>$400,000, 5<sup>5</sup>/8% senior notes due 2012</td><td>398,010</td><td>—</td></tr><tr><td>$500,000, 5<sup>7</sup>/8% senior notes due 2015</td><td>497,508</td><td>—</td></tr><tr><td>Term loan facility at 3.02%</td><td>—</td><td>180,000</td></tr><tr><td>Bergen 7<sup>1</sup>/4% senior notes due 2005</td><td>—</td><td>99,939</td></tr><tr><td>8<sup>1</sup>/8%senior notes due 2008</td><td>—</td><td>500,000</td></tr><tr><td>7<sup>1</sup>/4%senior notes due 2012</td><td>—</td><td>300,000</td></tr><tr><td>AmeriSource 5% convertible subordinated notes due 2007</td><td>—</td><td>300,000</td></tr><tr><td>Other</td><td>2,193</td><td>3,532</td></tr><tr><td>Total debt</td><td>952,711</td><td>1,438,471</td></tr><tr><td>Less current portion</td><td>1,232</td><td>281,360</td></tr><tr><td>Total, net of current portion</td><td>$951,479</td><td>$1,157,111</td></tr></table>
<table><tr><td>December 31 – in millions</td><td> 2011 (a)</td><td>2010 (a)</td><td>2009 (a)</td><td>2008 (a)</td><td>2007</td></tr><tr><td>Commercial lending</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commercial</td><td>$65,694</td><td>$55,177</td><td>$54,818</td><td>$69,220</td><td>$28,952</td></tr><tr><td>Commercial real estate</td><td>16,204</td><td>17,934</td><td>23,131</td><td>25,736</td><td>8,903</td></tr><tr><td>Equipment lease financing</td><td>6,416</td><td>6,393</td><td>6,202</td><td>6,461</td><td>2,514</td></tr><tr><td>TOTAL COMMERCIAL LENDING</td><td>88,314</td><td>79,504</td><td>84,151</td><td>101,417</td><td>40,369</td></tr><tr><td>Consumer lending</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Home equity</td><td>33,089</td><td>34,226</td><td>35,947</td><td>38,276</td><td>14,447</td></tr><tr><td>Residential real estate</td><td>14,469</td><td>15,999</td><td>19,810</td><td>21,583</td><td>9,557</td></tr><tr><td>Credit card</td><td>3,976</td><td>3,920</td><td>2,569</td><td>2,237</td><td>247</td></tr><tr><td>Other consumer</td><td>19,166</td><td>16,946</td><td>15,066</td><td>11,976</td><td>3,699</td></tr><tr><td>TOTAL CONSUMER LENDING</td><td>70,700</td><td>71,091</td><td>73,392</td><td>74,072</td><td>27,950</td></tr><tr><td>Total loans</td><td>$159,014</td><td>$150,595</td><td>$157,543</td><td>$175,489</td><td>$68,319</td></tr></table>
<table><tr><td>December 31 - dollars in millions</td><td>2011 (a)</td><td>2010 (a)</td><td>2009 (a)</td><td>2008 (a)</td><td>2007</td></tr><tr><td>Nonperforming loans</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commercial</td><td>$899</td><td>$1,253</td><td>$1,806</td><td>$576</td><td>$193</td></tr><tr><td>Commercial real estate</td><td>1,345</td><td>1,835</td><td>2,140</td><td>766</td><td>214</td></tr><tr><td>Equipment lease financing</td><td>22</td><td>77</td><td>130</td><td>97</td><td>3</td></tr><tr><td>TOTAL COMMERCIAL LENDING</td><td>2,266</td><td>3,165</td><td>4,076</td><td>1,439</td><td>410</td></tr><tr><td>Consumer (b)</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Home equity</td><td>529</td><td>448</td><td>356</td><td>66</td><td>16</td></tr><tr><td>Residential real estate (c)</td><td>726</td><td>818</td><td>1,203</td><td>153</td><td>27</td></tr><tr><td>Credit card (d)</td><td>8</td><td></td><td></td><td></td><td></td></tr><tr><td>Other consumer</td><td>31</td><td>35</td><td>36</td><td>4</td><td>1</td></tr><tr><td>TOTAL CONSUMER LENDING</td><td>1,294</td><td>1,301</td><td>1,595</td><td>223</td><td>44</td></tr><tr><td>Total nonperforming loans (e)</td><td>3,560</td><td>4,466</td><td>5,671</td><td>1,662</td><td>454</td></tr><tr><td>OREO and foreclosed assets</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other real estate owned (OREO) (f)</td><td>561</td><td>589</td><td>484</td><td>422</td><td>41</td></tr><tr><td>Foreclosed and other assets</td><td>35</td><td>68</td><td>49</td><td>16</td><td></td></tr><tr><td>TOTAL OREO AND FORECLOSED ASSETS</td><td>596</td><td>657</td><td>533</td><td>438</td><td>41</td></tr><tr><td>Total nonperforming assets</td><td>$4,156</td><td>$5,123</td><td>$6,204</td><td>$2,100</td><td>$495</td></tr><tr><td>Nonperforming loans to total loans</td><td>2.24%</td><td>2.97%</td><td>3.60%</td><td>.95%</td><td>.66%</td></tr><tr><td>Nonperforming assets to total loans, OREO and foreclosed assets</td><td>2.60</td><td>3.39</td><td>3.92</td><td>1.19</td><td>.72</td></tr><tr><td>Nonperforming assets to total assets</td><td>1.53</td><td>1.94</td><td>2.30</td><td>.72</td><td>.36</td></tr><tr><td>Interest on nonperforming loans</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Computed on original terms</td><td>$278</td><td>$329</td><td>$302</td><td>$115</td><td>$51</td></tr><tr><td>Recognized prior to nonperforming status</td><td>47</td><td>53</td><td>90</td><td>60</td><td>32</td></tr><tr><td>Past due loans</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accruing loans past due 90 days or more (g)</td><td>$2,973</td><td>$2,709</td><td>$2,698</td><td>$1,321</td><td>$136</td></tr><tr><td>As a percentage of total loans</td><td>1.87%</td><td>1.80%</td><td>1.71%</td><td>.75%</td><td>.20%</td></tr><tr><td>Past due loans held for sale</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accruing loans held for sale past due 90 days or more (h)</td><td>$49</td><td>$65</td><td>$72</td><td>$40</td><td>$8</td></tr><tr><td>As a percentage of total loans held for sale</td><td>1.67%</td><td>1.86%</td><td>2.84%</td><td>.92%</td><td>.20%</td></tr></table>
<table><tr><td>In millions</td><td> Dec. 31 2011</td><td>Dec. 31 2010</td></tr><tr><td>Other real estate owned (OREO):</td><td></td><td></td></tr><tr><td>Residential properties</td><td>$191</td><td>$304</td></tr><tr><td>Residential development properties</td><td>183</td><td>166</td></tr><tr><td>Commercial properties</td><td>187</td><td>119</td></tr><tr><td>Total OREO</td><td>561</td><td>589</td></tr><tr><td>Foreclosed and other assets</td><td>35</td><td>68</td></tr><tr><td>OREO and foreclosed assets</td><td>$596</td><td>$657</td></tr></table>

Question: In the year with largest amount of Home equity, what's the increasing rate of Residential real estate?
Answer: 1.25834
Reasoning program: subtract(21583,9557), divide(#0,9557)