Ameriprise 2012 Annual Report Download - page 143
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December 31, 2011
Commercial
Mortgage Syndicated Consumer
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
As of December 31, 2012 and 2011, the Company’s recorded investment in financing receivables individually evaluated
for impairment for which there was no related allowance for loan losses was $17 million and $13 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,
2012 2011 2010
(in millions)
Purchases
Consumer loans $ 51 $ 373 $ 283
Syndicated loans 111 194 59
Total loans purchased $ 162 $ 567 $ 342
Sales
Consumer loans $ 452 $ 209 $ 415
Syndicated loans 12 2 40
Total loans sold $ 464 $ 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 $7 million and $20 million as of
December 31, 2012 and 2011, 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 2% and 3% of total commercial mortgage loans at December 31, 2012 and
2011, respectively. 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.
Concentrations of credit risk of commercial mortgage loans by U.S. region were as follows:
Loans Percentage
December 31, December 31,
2012 2011 2012 2011
(in millions)
East North Central $ 260 $ 252 10% 10%
East South Central 66 65 3 2
Middle Atlantic 207 223 8 9
Mountain 272 284 10 11
New England 146 141 6 5
Pacific 597 584 23 22
South Atlantic 661 648 25 25
West North Central 232 244 9 9
West South Central 165 183 6 7
2,606 2,624 100% 100%
Less: allowance for loan losses 29 35
Total $ 2,577 $ 2,589
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