JP Morgan Chase 2012 Annual Report Download - page 88

Management’s discussion and analysis
98 JPMorgan Chase & Co./2012 Annual Report
Selected metrics
As of or for the year ended
December 31, (in millions,
except headcount and ratios) 2012 2011 2010
Selected balance sheet data
(period-end)
Total assets $ 181,502 $ 158,040 $ 142,646
Loans:
Loans retained 126,996 111,162 97,900
Loans held-for-sale and
loans at fair value 1,212 840 1,018
Total loans $ 128,208 $ 112,002 $ 98,918
Equity 9,500 8,000 8,000
Period-end loans by client
segment
Middle Market Banking $ 50,701 $ 44,437 $ 37,942
Commercial Term Lending 43,512 38,583 37,928
Corporate Client Banking 21,558 16,747 11,678
Real Estate Banking 8,552 8,211 7,591
Other 3,885 4,024 3,779
Total Commercial Banking
loans $ 128,208 $ 112,002 $ 98,918
Selected balance sheet data
(average)
Total assets $ 165,111 $ 146,230 $ 133,654
Loans:
Loans retained 119,218 103,462 96,584
Loans held-for-sale and
loans at fair value 882 745 422
Total loans $ 120,100 $ 104,207 $ 97,006
Client deposits and other
third-party liabilities(a) 195,912 174,729 138,862
Equity 9,500 8,000 8,000
Average loans by client
segment
Middle Market Banking $ 47,198 $ 40,759 $ 35,059
Commercial Term Lending 40,872 38,107 36,978
Corporate Client Banking 19,383 13,993 11,926
Real Estate Banking 8,562 7,619 9,344
Other 4,085 3,729 3,699
Total Commercial Banking
loans $ 120,100 $ 104,207 $ 97,006
Headcount(b) 6,120 5,787 5,126
As of or for the year ended
December 31, (in millions,
except headcount and ratios) 2012 2011 2010
Credit data and quality
statistics
Net charge-offs $ 35 $ 187 $ 909
Nonperforming assets
Nonaccrual loans:
Nonaccrual loans retained(c) 644 1,036 1,964
Nonaccrual loans held-for-sale
and loans held at fair value 29 17 36
Total nonaccrual loans 673 1,053 2,000
Assets acquired in loan
satisfactions 14 85 197
Total nonperforming assets 687 1,138 2,197
Allowance for credit losses:
Allowance for loan losses 2,610 2,603 2,552
Allowance for lending-related
commitments 183 189 209
Total allowance for credit
losses 2,793 2,792 2,761
Net charge-off rate(d) 0.03% 0.18% 0.94%
Allowance for loan losses to
period-end loans retained 2.06 2.34 2.61
Allowance for loan losses to
nonaccrual loans retained(c) 405 251 130
Nonaccrual loans to total period-
end loans 0.52 0.94 2.02
(a) Client deposits and other third-party liabilities include deposits, as well
as deposits that are swept to on-balance sheet liabilities (e.g.,
commercial paper, federal funds purchased, and securities loaned or
sold under repurchase agreements) as part of client cash management
programs.
(b) Effective July 1, 2012, certain Treasury Services product sales staff
supporting CB were transferred from CIB to CB. For further discussion
of this transfer, see footnote (c) on page 96 of this Annual Report.
(c) Allowance for loan losses of $107 million, $176 million and $340
million was held against nonaccrual loans retained at December 31,
2012, 2011 and 2010, respectively.
(d) Loans held-for-sale and loans at fair value were excluded when
calculating the net charge-off rate.