Ameriprise 2011 Annual Report Download - page 139
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The recorded investment in financing receivables by impairment method and type of loan was as follows:
December 31, 2011
Commercial Consumer
Mortgage Syndicated Bank
Loans Loans Loans Total
(in millions)
Individually evaluated for impairment $ 68 $ 5 $ 11 $ 84
Collectively evaluated for impairment 2,556 359 1,369 4,284
Total $ 2,624 $ 364 $ 1,380 $ 4,368
December 31, 2010
Commercial Consumer
Mortgage Syndicated Bank
Loans Loans Loans Total
(in millions)
Individually evaluated for impairment $ 75 $ 8 $ 12 $ 95
Collectively evaluated for impairment 2,540 303 1,054 3,897
Total $ 2,615 $ 311 $ 1,066 $ 3,992
As of December 31, 2011 and 2010, the Company’s recorded investment in financing receivables individually evaluated
for impairment for which there was no related allowance for loan losses was $13 million and $24 million, respectively.
Unearned income, unamortized premiums and discounts, and net unamortized deferred fees and costs are not material to
the Company’s total loan balance.
Purchases and sales of loans were as follows:
Years Ended December 31,
2011 2010
(in millions)
Purchases
Consumer bank loans $373 $283
Syndicated loans 194 59
Total loans purchased $567 $342
Sales
Consumer bank loans $209 $415
Syndicated loans 2 40
Total loans sold $211 $455
The Company has not acquired any loans with deteriorated credit quality as of the acquisition date.
Credit Quality Information
Nonperforming loans, which are generally loans 90 days or more past due, were $20 million and $15 million as of
December 31, 2011 and 2010, respectively. All other loans were considered to be performing.
Commercial Mortgage Loans
The Company reviews the credit worthiness of the borrower and the performance of the underlying properties in order to
determine the risk of loss on commercial mortgage loans. Based on this review, the commercial mortgage loans are
assigned an internal risk rating, which management updates as necessary. Commercial mortgage loans which management
has assigned its highest risk rating were 3% of total commercial mortgage loans at both December 31, 2011 and 2010.
Loans with the highest risk rating represent distressed loans which the Company has identified as impaired or expects to
become delinquent or enter into foreclosure within the next six months. In addition, the Company reviews the
concentrations of credit risk by region and property type.
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