Citibank 2012 Annual Report Download - page 102

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Non-Accrual Loans and Assets (continued)
The table below summarizes Citigroup’s other real estate owned (OREO) assets as of the periods indicated. This represents the carrying value of all real estate
property acquired by foreclosure or other legal proceedings when Citi has taken possession of the collateral.
In millions of dollars 2012 2011 2010 2009 2008
OREO
Citicorp $ 47 $ 71 $ 826 $ 874 $ 371
Citi Holdings 391 480 863 615 1,022
Corporate/Other 215 14 11 40
Total OREO $ 440 $ 566 $ 1,703 $ 1,500 $ 1,433
North America $ 299 $ 441 $ 1,440 $ 1,294 $ 1,349
EMEA 99 73 161 121 66
Latin America 40 51 47 45 16
Asia 21 55 40 2
Total OREO $ 440 $ 566 $ 1,703 $ 1,500 $ 1,433
Other repossessed assets $ 1 $ 1 $ 28 $ 73 $ 78
Non-accrual assets—Total Citigroup 2012 2011 2010 2009 2008
Corporate non-accrual loans $ 2,333 $ 3,236 $ 8,620 $13,479 $ 9,732
Consumer non-accrual loans (1) 9,196 7,832 10,787 18,261 12,565
Non-accrual loans (NAL) $11,529 $11,068 $19,407 $31,740 $22,297
OREO 440 566 1,703 1,500 1,433
Other repossessed assets 11 28 73 78
Non-accrual assets (NAA) $11,970 $11,635 $21,138 $33,313 $23,808
NAL as a percentage of total loans 1.76% 1.71% 2.99% 5.37% 3.21%
NAA as a percentage of total assets 0.64 0.62 1.10 1.79 1.23
Allowance for loan losses as a percentage of NAL(2) 221 272 209 114 133
Non-accrual assets—Total Citicorp 2012 2011 2010 2009 2008
Non-accrual loans (NAL) $ 4,096 $4,018 $ 4,909 $ 5,353 $ 3,282
OREO 47 71 826 874 371
Other repossessed assets N/A N/A N/A N/A N/A
Non-accrual assets (NAA) $4,143 $ 4,089 $ 5,735 $ 6,227 $ 3,653
NAA as a percentage of total assets 0.24% 0.25% 0.43% 0.53% 0.34%
Allowance for loan losses as a percentage of NAL (2) 357 416 456 232 250
Non-accrual assets—Total Citi Holdings
Non-accrual loans (NAL) (1) $7,433 $ 7,050 $14,498 $26,387 $19,015
OREO 391 480 863 615 1,022
Other repossessed assets N/A N/A N/A N/A N/A
Non-accrual assets (NAA) $7,824 $ 7,530 $15,361 $27,002 $20,037
NAA as a percentage of total assets 5.02% 3.35% 4.91% 5.90% 3.08%
Allowance for loan losses as a percentage of NAL(2) 146 190 126 90 113
(1) During 2012, there was an increase in Consumer non-accrual loans in North America of approximately $1.5 billion as a result OCC guidance regarding mortgage loans where the borrower has gone through Chapter 7
bankruptcy. Additionally, during 2012, there was an increase in non-accrual Consumer loans in North America of $0.8 billion related to a reclassification from accrual to non-accrual status of home equity loans where
the related residential first mortgage was 90 days or more past due. For additional information on each of these items, see footnote 2 to the “Non-Accrual Loans” table above.
(2) The allowance for loan losses includes the allowance for Citi’s credit card portfolios and purchased distressed loans, while the non-accrual loans exclude credit card balances (with the exception of certain international
portfolios) and purchased distressed loans as these continue to accrue interest until charge-off.
N/A Not available at the Citicorp or Citi Holdings level.