Citibank 2015 Annual Report Download - page 229

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Allowance for Credit Losses and Investment in Loans at December 31, 2015
In millions of dollars Corporate Consumer Total
Allowance for loan losses at beginning of period $ 2,389 $ 13,605 $ 15,994
Charge-offs (331) (8,710) (9,041)
Recoveries 97 1,642 1,739
Replenishment of net charge-offs 234 7,068 7,302
Net reserve builds (releases) 523 (384) 139
Net specific reserve builds (releases) 86 (419) (333)
Other (288) (2,886) (3,174)
Ending balance $ 2,710 $ 9,916 $ 12,626
Allowance for loan losses
Determined in accordance with ASC 450 $ 2,345 $ 7,839 $ 10,184
Determined in accordance with ASC 310-10-35 362 2,064 2,426
Determined in accordance with ASC 310-30 3 13 16
Total allowance for loan losses $ 2,710 $ 9,916 $ 12,626
Loans, net of unearned income
Loans collectively evaluated for impairment in accordance with ASC 450 $281,066 $319,301 $600,367
Loans individually evaluated for impairment in accordance with ASC 310-10-35 1,792 10,203 11,995
Loans acquired with deteriorated credit quality in accordance with ASC 310-30 5 245 250
Loans held at fair value 4,971 34 5,005
Total loans, net of unearned income $287,834 $329,783 $617,617
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 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