Citibank 2015 Annual Report Download - page 217

199
Consumer Loan Delinquency and Non-Accrual Details at December 31, 2014
In millions of dollars
Total
current (1)(2)
30-89 days
past due (3)
≥ 90 days
past due (3)
Past due
government
guaranteed (4)
Total
loans (2)
Total
non-accrual
90 days past due
and accruing
In North America offices
Residential first mortgages $ 61,730 $ 1,280 $ 1,371 $3,443 $ 67,824 $ 2,746 $ 2,759
Home equity loans (5) 27,262 335 520 — 28,117 1,271 —
Credit cards 111,441 1,316 1,271 — 114,028 — 1,273
Installment and other 12,361 229 284 — 12,874 254 3
Commercial market loans 8,630 31 13 — 8,674 135 15
Total $221,424 $ 3,191 $ 3,459 $ 3,443 $231,517 $ 4,406 $ 4,050
In offices outside North America
Residential first mortgages $ 44,782 $ 312 $ 223 $ — $ 45,317 $ 454 $ —
Credit cards 30,327 602 553 — 31,482 413 322
Installment and other 29,297 328 149 — 29,774 216 —
Commercial market loans 31,280 86 255 — 31,621 405 —
Total $135,686 $ 1,328 $ 1,180 $ — $138,194 $ 1,488 $ 322
Total GCB and Citi Holdings $357,110 $ 4,519 $ 4,639 $ 3,443 $369,711 $ 5,894 $ 4,372
Other (6) 238 10 11 — 259 30 —
Total Citigroup $357,348 $ 4,529 $ 4,650 $ 3,443 $369,970 $ 5,924 $ 4,372
(1) Loans less than 30 days past due are presented as current.
(2) Includes $43 million of residential first mortgages recorded at fair value.
(3) Excludes loans guaranteed by U.S. government-sponsored entities.
(4) Consists of residential first mortgages that are guaranteed by U.S. government-sponsored entities that are 30–89 days past due of $0.6 billion and 90 days or more past due of $2.8 billion.
(5) Fixed-rate home equity loans and loans extended under home equity lines of credit, which are typically in junior lien positions.
(6) Represents loans classified as consumer loans on the Consolidated Balance Sheet that are not included in the Citi Holdings consumer credit metrics.
Consumer Credit Scores (FICO)
In the U.S., independent credit agencies rate an individual’s risk for
assuming debt based on the individual’s credit history and assign every
consumer a “FICO” (Fair Isaac Corporation) credit score. These scores
are continually updated by the agencies based upon an individual’s credit
actions (e.g., taking out a loan or missed or late payments).
The following tables provide details on the FICO scores attributable
to Citi’s U.S. consumer loan portfolio as of December 31, 2015 and 2014
(commercial market loans are not included in the table since they are
business based and FICO scores are not a primary driver in their credit
evaluation). FICO scores are updated monthly for substantially all of the
portfolio or, otherwise, on a quarterly basis for the remaining portfolio.
FICO score distribution in U.S. portfolio (1)(2) December 31, 2015
In millions of dollars
Less than
620
≥ 620 but less
than 660
Equal to or
greater
than 660
Residential first mortgages $ 3,483 $ 3,036 $ 45,047
Home equity loans 2,067 1,782 17,837
Credit cards 7,341 10,072 93,194
Installment and other 337 270 2,662
Total $13,228 $15,160 $158,740
(1) Excludes loans guaranteed by U.S. government entities, loans subject to long-term standby
commitments (LTSCs) with U.S. government-sponsored entities and loans recorded at fair value.
(2) Excludes balances where FICO was not available. Such amounts are not material.