Ameriprise 2013 Annual Report Download - page 145
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December 31, 2012
Commercial
Mortgage Syndicated Consumer
Loans Loans Loans Total
(in millions)
Individually evaluated for impairment $ 44 $ 2 $ 8 $ 54
Collectively evaluated for impairment 2,562 335 1,061 3,958
Total $ 2,606 $ 337 $ 1,069 $ 4,012
As of December 31, 2013 and 2012, the Company’s recorded investment in financing receivables individually evaluated
for impairment for which there was no related allowance for loan losses was $21 million and $17 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,
2013 2012 2011
(in millions)
Purchases
Consumer loans $ — $ 51 $ 373
Syndicated loans 158 111 194
Total loans purchased $ 158 $ 162 $ 567
Sales
Consumer loans $ — $ 452 $ 209
Syndicated loans 312 2
Total loans sold $ 3 $ 464 $ 211
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 $22 million and $7 million as of
December 31, 2013 and 2012, 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% of total commercial mortgage loans at both December 31, 2013 and 2012.
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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