Citibank 2013 Annual Report Download - page 246

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Allowance for Credit Losses and Investment in Loans at December 31, 2013
In millions of dollars Corporate Consumer Total
Allowance for loan losses at beginning of year $ 2,776 $ 22,679 $ 25,455
Charge-offs (369) (12,400) (12,769)
Recoveries 168 2,138 2,306
Replenishment of net charge-offs 201 10,262 10,463
Net reserve builds (releases) (199) (1,762) (1,961)
Net specific reserve builds (releases) (1) (897) (898)
Other 8 (2,956) (2,948)
Ending balance $ 2,584 $ 17,064 $ 19,648
Allowance for loan losses
Determined in accordance with ASC 450-20 $ 2,232 $ 12,402 $ 14,634
Determined in accordance with ASC 310-10-35 268 4,633 4,901
Determined in accordance with ASC 310-30 84 29 113
Total allowance for loan losses $ 2,584 $ 17,064 $ 19,648
Loans, net of unearned income
Loans collectively evaluated for impairment in accordance with ASC 450-20 $265,230 $368,449 $633,679
Loans individually evaluated for impairment in accordance with ASC 310-10-35 2,222 23,793 26,015
Loans acquired with deteriorated credit quality in accordance with ASC 310-30 117 632 749
Loans held at fair value 4,072 957 5,029
Total loans, net of unearned income $271,641 $393,831 $665,472
Allowance for Credit Losses and Investment in Loans at December 31, 2012
In millions of dollars Corporate Consumer Total
Allowance for loan losses at beginning of year $ 2,879 $ 27,236 $ 30,115
Charge-offs (640) (16,365) (17,005)
Recoveries 417 2,357 2,774
Replenishment of net charge-offs 223 14,008 14,231
Net reserve releases 2 (1,910) (1,908)
Net specific reserve builds (releases) (138) (1,727) (1,865)
Other 33 (920) (887)
Ending balance $ 2,776 $ 22,679 $ 25,455
Allowance for loan losses
Determined in accordance with ASC 450-20 $ 2,429 $ 15,703 $ 18,132
Determined in accordance with ASC 310-10-35 284 6,941 7,225
Determined in accordance with ASC 310-30 63 35 98
Total allowance for loan losses $ 2,776 $ 22,679 $ 25,455
Loans, net of unearned income
Loans collectively evaluated for impairment in accordance with ASC 450-20 $239,849 $377,374 $617,223
Loans individually evaluated for impairment in accordance with ASC 310-10-35 2,776 29,640 32,416
Loans acquired with deteriorated credit quality in accordance with ASC 310-30 112 426 538
Loans held at fair value 4,056 1,231 5,287
Total loans, net of unearned income $246,793 $408,671 $655,464
Allowance for Credit Losses at December 31, 2011
In millions of dollars Corporate Consumer Total
Allowance for loan losses at beginning of year $ 5,249 $ 35,406 $ 40,655
Charge-offs (2,000) (20,699) (22,699)
Recoveries 386 2,626 3,012
Replenishment of net charge-offs 1,614 18,073 19,687
Net reserve releases (1,083) (7,442) (8,525)
Net specific reserve builds (releases) (1,270) 1,444 174
Other (17) (2,172) (2,189)
Ending balance $ 2,879 $ 27,236 $ 30,115