JP Morgan Chase 2010 Annual Report Download - page 259
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JPMorgan Chase & Co./2010 Annual Report 259
Loan delinquencies and net charge-offs
The table below includes information about delinquencies, net charge-offs and components of off–balance sheet securitized financial assets as
of December 31, 2010 and 2009.
As of or for the year ended Credit exposure
90 days past due
and still accruing
Nonaccrual loans
Net loan charge-offs(d)
December 31, (in millions)
2010
2009
2010
2009
2010
2009
2010
2009
Securitized loans
(a)
Residential mort
gage:
Prime mortgage
(b)
$ 143,764
$ 171,547 $ — $ —
$ 33,093
$ 33,838
$ 6,257
$ 9,333
Subprime mortgage
40,
721
47,261
—
—
15,456
19,505
3,
5
98
7,123
Option ARMs
35,
7
86
41,983
—
—
10,
7
88
10,973
2,
30
5
2,287
Commercial and other
106,245
24,799
—
—
5,
791
1,244
618
15
Credit card
NA
84,626
NA
2,385
NA
—
NA
6,443
Student
NA
1,008
NA
64
NA
—
NA
1
Automobile
NA
218
NA
—
NA
1
NA
4
Total loans securitized
(c)
$ 326,516
$ 371,442 $ — $ 2,449
$ 65,128
$ 65,561
$ 12,778
$ 25,206
(a) Total assets held in securitization-related SPEs, including credit card securitization trusts, were $391.1 billion and $545.2 billion at December 31, 2010 and 2009,
respectively. The $326.5 billion and $371.4 billion of loans securitized at December 31, 2010 and 2009, respectively, excludes: $56.0 billion and $145.0 billion of
securitized loans in which the Firm has no continuing involvement, zero and $16.7 billion of seller’s interests in credit card master trusts, zero and $8.3 billion of cash
amounts on deposit and escrow accounts, and $8.6 billion and $3.8 billion of loan securitizations consolidated on the Firm’s Consolidated Balance Sheets at Decem-
ber 31, 2010 and 2009, respectively.
(b) Includes Alt-A loans.
(c) Includes securitized loans that were previously recorded at fair value and classified as trading assets.
(d) Net charge-offs represent losses realized upon liquidation of the assets held by off–balance sheet securitization entities.