Citibank 2014 Annual Report Download - page 225

208
Corporate Loans Credit Quality Indicators at
December 31, 2014 and December 31, 2013
Recorded investment in loans (1)
In millions of dollars
December 31,
2014
December 31,
2013
Investment grade (2)
Commercial and industrial $ 80,812 $ 79,360
Financial institutions 56,154 49,699
Mortgage and real estate 16,068 13,178
Leases 1,669 1,600
Other 46,284 51,370
Total investment grade $200,987 $195,207
Non-investment grade (2)
Accrual
Commercial and industrial $ 29,003 $ 33,702
Financial institutions 11,429 12,005
Mortgage and real estate 3,587 4,205
Leases 393 385
Other 3,609 3,155
Non-accrual
Commercial and industrial 575 769
Financial institutions 250 365
Mortgage and real estate 252 515
Leases 51 189
Other 55 70
Total non-investment grade $ 49,204 $ 55,360
Private bank loans managed on a
delinquency basis (2) $ 18,616 $ 17,002
Loans at fair value 5,858 4,072
Corporate loans, net of unearned income $274,665 $271,641
(1) Recorded investment in a loan includes net deferred loan fees and costs, unamortized premium or
discount, less any direct write-downs.
(2) Held-for-investment loans are accounted for on an amortized cost basis.
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.