Citibank 2011 Annual Report Download - page 223
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201
Corporate Loans Credit Quality Indicators at
December 31, 2011 and December 31, 2010
Recorded investment in loans (1)
In millions of dollars
December 31,
2011
$ECEMBERææ
Investment grade (2)
#OMMERCIALæANDæINDUSTRIAL $ 67,528
&INANCIALæINSTITUTIONS 53,482
-ORTGAGEæANDæREALæESTATE 10,068
,EASES 1,161
/THER 24,129
Total investment grade $156,368
Non-investment grade (2)
!CCRUAL
#OMMERCIALæANDæINDUSTRIAL $ 31,172
&INANCIALæINSTITUTIONS 7,282
-ORTGAGEæANDæREALæESTATE 3,672
,EASES 664
/THER 4,462
.ONACCRUALæ
#OMMERCIALæANDæINDUSTRIAL 1,144
&INANCIALæINSTITUTIONS 779
-ORTGAGEæANDæREALæESTATE 1,029
,EASES 13
/THERæ 271
Total non-investment grade $ 50,488
Private Banking loans managed on a
delinquency basis (2) $ 12,716
Loans at fair value 3,939
Corporate loans, net of unearned income $223,511
æ 2ECORDEDæINVESTMENTæINæAæLOANæINCLUDESæNETæDEFERREDæLOANæFEESæANDæCOSTSæUNAMORTIZEDæPREMIUMæORæ
DISCOUNTæLESSæANYæDIRECTæWRITEDOWNS
æ (ELDFORINVESTMENTæLOANSæACCOUNTEDæFORæONæANæAMORTIZEDæCOSTæBASIS
Corporate loans and leases identified as impaired and placed on non-
accrual status are written down to the extent that principal is judged to
be uncollectible. Impaired collateral-dependent loans and leases, where
repayment is expected to be provided solely by the sale of the underlying
collateral and there are no other available and reliable sources of repayment,
are written down to the lower of cost or collateral value, less cost to sell.
Cash-basis loans are returned to an accrual status when all contractual
principal and interest amounts are reasonably assured of repayment and
there is a sustained period of repayment performance, generally six months,
in accordance with the contractual terms of the loan.