impact on credit costs in the current interest rate environment, as  approximately $1.3 billion of adjustable rate residential mortgage  loans will have rate resets in 2011, with less than one percent of  those resets expected to experience an increase in monthly  payments.  Certain residential mortgage products have contractual  features that may increase credit exposure to the Bancorp in the  event of a decline in housing prices. These types of mortgage  products offered by the Bancorp include loans with high LTV  ratios, multiple loans on the same collateral that when combined  result in an LTV greater than 80% (80/20 loans) and interest-only  loans. The Bancorp monitors residential mortgages loans with  greater than 80% LTV ratio and no mortgage insurance as it  believes these loans represent a higher level of risk. Tables 31 and  32 provide analysis of the residential mortgage loans outstanding  with a greater than 80% LTV ratio and no mortgage insurance as  of December 31, 2010 and 2009, respectively.  The Bancorp’s consumer portfolio is materially comprised of  three categories of loans: residential mortgage, home equity, and  automobile loans. The Bancorp has identified certain categories  within these loan types which it believes represent a higher level  of risk compared to the rest of the consumer loan portfolio due to  high loan amount to collateral value.  The Bancorp manages credit risk in the mortgage portfolio  through conservative underwriting and documentation standards  and geographic and product diversification. The Bancorp may also  package and sell loans in the portfolio or may purchase mortgage  insurance for the loans sold in order to mitigate credit risk. The Bancorp does not originate mortgage loans that permit  customers to defer principal payments or make payments that are  less than the accruing interest. The Bancorp originates both fixed  and adjustable rate residential mortgage loans. Resets of rates on  adjustable rate mortgages are not expected to have a material  Consumer Portfolio  Residential Mortgage Portfolio  Fifth Third Bancorp 51  As of December 31, 2009 ($ in millions)  For the Year Ended December 31, 2009  By State:  Outstanding Exposure  90 Days Past Due  Nonaccrual  Net Charge-offs  Ohio  $2,917 3,250 14 204  111 Michigan  2,003 2,193 16 173  153 Florida  1,517 1,611 7 384  229 Illinois  820 935 4 109  48 North Carolina  716 768 3 146  54 Indiana  531 553 - 49  27 All other states  1,037 1,345 3 154  99 Total  $9,541 10,655 47 1,219  721 As of December 31, 2009 ($ in millions)  For the Year Ended December 31, 2009  By State:  Outstanding Exposure  90 Days Past Due  Nonaccrual  Net Charge-offs  Ohio  $346 542 2 73  34 Michigan 278 351 7 63 77 Florida 318 336 4 136 98 North Carolina  229 260 3 95  49 Indiana 108 133 - 12 9 All other states  284 383 3 94  91 Total  $1,563 2,005 19 473  358 TABLE 28: NON-OWNER OCCUPIED COMMERCIAL REAL ESTATE TABLE 29: HOME BUILDER AND DEVELOPER (a)  TABLE 30: HOME BUILDER AND DEVELOPER (a)  As of December 31, 2010 ($ in millions)  For the Year Ended December 31, 2010  By State:  Outstanding Exposure  90 Days Past Due  Nonaccrual  Net Charge-offs  Ohio  $202 331 - 35  39 Michigan  151 212 1 23 65 Florida  103 117 - 44 81 North Carolina  68 80 10 33 Indiana  67 85 - 8 13 All other states  108 159 20 43 Total  $699 984 1 140 274 (a) Home Builder and Developer loans, exclusive of commercial and industrial loans with an outstanding balance of $200 and a total exposure of $461 are also included in Table 28: Non-Owner  Occupied Commercial Real Estate (a) Home Builder and Developer loans, exclusive of commercial and industrial loans with an outstanding balance of  $134  and a total exposure of  $319  are also included in Table 27: Non-Owner  Occupied Commercial Real Estate  .  MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS