JP Morgan Chase 2013 Annual Report Download - page 99

JPMorgan Chase & Co./2013 Annual Report 105
Selected metrics
As of or for the year ended
December 31, (in millions,
except headcount and ratios) 2013 2012 2011
Selected balance sheet data
(period-end)
Total assets $ 190,782 $ 181,502 $ 158,040
Loans:
Loans retained(a) 135,750 126,996 111,162
Loans held-for-sale and
loans at fair value 1,388 1,212 840
Total loans $ 137,138 $ 128,208 $ 112,002
Equity 13,500 9,500 8,000
Period-end loans by client
segment
Middle Market Banking(b) $ 52,289 $ 50,552 $ 44,224
Corporate Client Banking(b) 20,925 21,707 16,960
Commercial Term Lending 48,925 43,512 38,583
Real Estate Banking 11,024 8,552 8,211
Other 3,975 3,885 4,024
Total Commercial Banking
loans $ 137,138 $ 128,208 $ 112,002
Selected balance sheet data
(average)
Total assets $ 185,776 $ 165,111 $ 146,230
Loans:
Loans retained(a) 131,100 119,218 103,462
Loans held-for-sale and
loans at fair value 930 882 745
Total loans $ 132,030 $ 120,100 $ 104,207
Client deposits and other
third-party liabilities(c) 198,356 195,912 174,729
Equity 13,500 9,500 8,000
Average loans by client
segment
Middle Market Banking(b) $ 51,830 $ 47,009 $ 40,497
Corporate Client Banking(b) 20,918 19,572 14,255
Commercial Term Lending 45,989 40,872 38,107
Real Estate Banking 9,582 8,562 7,619
Other 3,711 4,085 3,729
Total Commercial Banking
loans $ 132,030 $ 120,100 $ 104,207
Headcount(d)(e) 6,848 6,117 5,782
(a) Effective January 1, 2013, whole loan financing agreements,
previously reported as other assets, were reclassified as loans. For the
year ended December 31, 2013, the impact on period-end and
average loans was $1.6 billion.
(b) Effective January 1, 2013, the financial results of financial institution
clients were transferred to Corporate Client Banking from Middle
Market Banking. Prior periods were revised to conform with this
presentation.
(c) 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.
(d) Effective January 1, 2013, headcount includes transfers from other
business segments largely related to operations, technology and other
support staff.
(e) 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 103 of this Annual Report.
As of or for the year ended
December 31, (in millions,
except headcount and ratios) 2013 2012 2011
Credit data and quality
statistics
Net charge-offs $ 43 $ 35 $ 187
Nonperforming assets
Nonaccrual loans:
Nonaccrual loans retained(a) 471 644 1,036
Nonaccrual loans held-for-sale
and loans at fair value 43 29 17
Total nonaccrual loans 514 673 1,053
Assets acquired in loan
satisfactions 15 14 85
Total nonperforming assets 529 687 1,138
Allowance for credit losses:
Allowance for loan losses 2,669 2,610 2,603
Allowance for lending-related
commitments 142 183 189
Total allowance for credit
losses 2,811 2,793 2,792
Net charge-off rate(b) 0.03% 0.03% 0.18%
Allowance for loan losses to
period-end loans retained 1.97 2.06 2.34
Allowance for loan losses to
nonaccrual loans retained(a) 567 405 251
Nonaccrual loans to total period-
end loans 0.37 0.52 0.94
(a) Allowance for loan losses of $81 million, $107 million and $176
million was held against nonaccrual loans retained at December 31,
2013, 2012 and 2011, respectively.
(b) Loans held-for-sale and loans at fair value were excluded when
calculating the net charge-off rate.