JP Morgan Chase 2010 Annual Report Download - page 231

JPMorgan Chase & Co./2010 Annual Report 231
Other consumer loans
The tables below provide information for other consumer retained loan classes, including auto, business banking and student loans.
As of or for the year ended
December 31, Auto(c) Business banking Student and other(c) Total other consumer
(in millions, except ratios)
2010
2009
2010
2009
2010
2009
2010
2009
Net charge-offs
$
298
$ 627
$
707
$ 842
$
459
$ 443
$
1,464
$ 1,912
% of net charge
-
offs to retained
loans 0.63% 1.44% 4.23% 4.73% 2.85% 2.90% 1.82% 2.49%
Loan delinquency
Current
and less than 30 days
past due $ 47,778 $ 45,281 $ 16,240 $ 16,277 $ 15,074(d) $ 14,479(d) $ 79,092 $ 76,037
30–119 days past due
579
720
351
427
23
2
240
1,16
2
1,387
120 or more days past due
10
30
221
270
5
7
23
6
307
Total retained loans
$
48,367
$ 46,031
$
16,812
$ 16,974
$
15,311
$ 14,726
$
80,490
$ 77,731
% of 30+ days past due to total
retained loans 1.22% 1.63% 3.40% 4.11% 1.55% 1.68% 1.74% 2.18%
90 or more days
past due
and still
accruing $ — $ — $ — $ — $ 625 $ 542 $ 625 $ 542
Nonaccrual loans(a) 141 177 832 826 67 74 1,040 1,077
G
eographic region
California
$
4,307
$ 4,440
$
851
$ 515
$
1,330
$ 1,304
$
6,488
$ 6,259
New York
3,875
3,756
2,877
3,040
1,305
1,243
8,057
8,039
Texas
4,505
4,330
2,550
2,487
1,273
1,197
8,3
28
8,014
Florida
1,923
1,750
220
166
722
715
2,865
2,631
Illinois
2,608
2,440
1,320
1,380
940
868
4,868
4,688
Ohio
2,961
3,153
1,647
1,783
1,010
957
5,618
5,893
New Jersey
1,842
1,776
422
426
502
475
2,766
2,677
Michigan
2,434
2,108
1,401
1,613
729
686
4,564
4,407
Arizona
1,499
1,479
1,218
1,210
387
366
3,104
3,055
Washington
716
627
115
84
279
266
1,110
977
All other
21,697
20,172
4,191
4,270
6,834
6,649
32,722
31,091
Total retained loans
$
48,367
$ 46,031
$
16,812
$ 16,974
$
15,311
$ 14,726
$
80,490
$ 77,731
Loans by risk ratings(b)
Noncriticized
$
5,803
$ 4,564
$
10,831
$ 10,450
NA
NA
$
16,634
$ 15,014
Criticized performing
265
448
502
517
NA
NA
767
965
Criticized nonaccrual
12
39
574
542
NA
NA
586
581
(a) At December 31, 2010 and 2009, excludes student loans that are 90 days past due and still accruing, which are insured by U.S. government agencies under the
FFELP, of $625 million and $542 million, respectively. These amounts are excluded as reimbursement of insured amounts is proceeding normally.
(b) For risk-rated business banking and auto loans, the primary credit quality indicator is the risk-rating of the loan, including whether the loans are considered to be
criticized and/or nonaccrual.
(c) Effective January 1, 2010, the Firm adopted accounting guidance related to VIEs. Upon the adoption of the guidance, the Firm consolidated certain consumer loan
securitization entities. For further information, see Note 16 on pages 244–259 of this Annual Report.
(d) Includes 30+ day delinquent loans that are 30 days or more past due and still accruing, which are insured by U.S. government agencies under the FFELP, of $1.1
billion and $942 million at December 31, 2010 and 2009, respectively. These amounts are considered current as reimbursement of insured amounts is proceeding
normally.