Citibank 2014 Annual Report Download - page 230

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Allowance for Credit Losses and Investment in Loans at December 31, 2014
In millions of dollars Corporate Consumer Total
Allowance for loan losses at beginning of period $ 2,584 $ 17,064 $ 19,648
Charge-offs (427) (10,681) (11,108)
Recoveries 139 1,996 2,135
Replenishment of net charge-offs 288 8,685 8,973
Net reserve releases (133) (1,746) (1,879)
Net specific reserve releases (20) (246) (266)
Other (42) (1,467) (1,509)
Ending balance $ 2,389 $ 13,605 $ 15,994
Allowance for loan losses
Determined in accordance with ASC 450 $ 2,110 $ 9,673 $ 11,783
Determined in accordance with ASC 310-10-35 235 3,917 4,152
Determined in accordance with ASC 310-30 44 15 59
Total allowance for loan losses $ 2,389 $ 13,605 $ 15,994
Loans, net of unearned income
Loans collectively evaluated for impairment in accordance with ASC 450 $267,271 $350,199 $617,470
Loans individually evaluated for impairment in accordance with ASC 310-10-35 1,485 19,358 20,843
Loans acquired with deteriorated credit quality in accordance with ASC 310-30 51 370 421
Loans held at fair value 5,858 43 5,901
Total loans, net of unearned income $274,665 $369,970 $644,635
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 period $ 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 releases (199) (1,762) (1,961)
Net specific reserve 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 $ 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 $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 at December 31, 2012
In millions of dollars Corporate Consumer Total
Allowance for loan losses at beginning of period $ 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 build (releases) 2 (1,910) (1,908)
Net specific reserve releases (138) (1,727) (1,865)
Other 33 (920) (887)
Ending balance $ 2,776 $ 22,679 $ 25,455