Ameriprise 2014 Annual Report Download - page 146
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December 31, 2012
Commercial
Mortgage Syndicated Consumer
Loans Loans Loans Total
(in millions)
Beginning balance $ 35 $ 9 $ 16 $ 60
Charge-offs (6) (2) (14) (22)
Recoveries — — 1 1
Provisions — — 5 5
Ending balance $ 29 $ 7 $ 8 $ 44
Individually evaluated for impairment $ 6 $ — $ 1 $ 7
Collectively evaluated for impairment 23 7 7 37
The recorded investment in financing receivables by impairment method and type of loan was as follows:
December 31, 2014
Commercial
Mortgage Syndicated Consumer
Loans Loans Loans Total
(in millions)
Individually evaluated for impairment $ 31 $ 4 $ 7 $ 42
Collectively evaluated for impairment 2,698 507 746 3,951
Total $ 2,729 $ 511 $ 753 $ 3,993
December 31, 2013
Commercial
Mortgage Syndicated Consumer
Loans Loans Loans Total
(in millions)
Individually evaluated for impairment $ 42 $ 9 $ 7 $ 58
Collectively evaluated for impairment 2,640 370 873 3,883
Total $ 2,682 $ 379 $ 880 $ 3,941
As of December 31, 2014 and 2013, 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 $21 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,
2014 2013 2012
(in millions)
Purchases
Consumer loans $ — $ — $ 51
Syndicated loans 227 158 111
Total loans purchased $ 227 $ 158 $ 162
Sales
Consumer loans $ — $ — $ 452
Syndicated loans 13 3 12
Total loans sold $ 13 $ 3 $ 464
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 $12 million and $22 million as of
December 31, 2014 and 2013, respectively. All other loans were considered to be performing.
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