JP Morgan Chase 2014 Annual Report Download - page 100

Management’s discussion and analysis
98 JPMorgan Chase & Co./2014 Annual Report
CB revenue comprises the following:
Lending includes a variety of financing alternatives, which
are predominantly secured by receivables, inventory,
equipment, real estate or other assets. Products include
term loans, revolving lines of credit, bridge financing, asset-
based structures, leases, commercial card products and
standby letters of credit.
Treasury services includes revenue from a broad range of
products and services that enable CB clients to manage
payments and receipts, as well as invest and manage funds.
Investment banking includes revenue from a range of
products that provide CB clients with sophisticated capital-
raising alternatives, as well as balance sheet and risk
management tools through advisory, equity underwriting,
and loan syndications. Revenue from Fixed income and
Equity market products used by CB clients is also included.
Investment banking revenue, gross, represents total
revenue related to investment banking products sold to
CB clients.
Other product revenue primarily includes tax-equivalent
adjustments generated from Community Development
Banking activities and certain income derived from principal
transactions.
CB is divided into four primary client segments: Middle
Market Banking, Corporate Client Banking, Commercial
Term Lending, and Real Estate Banking.
Middle Market Banking covers corporate, municipal and
nonprofit clients, with annual revenue generally ranging
between $20 million and $500 million.
Corporate Client Banking covers clients with annual
revenue generally ranging between $500 million and $2
billion and focuses on clients that have broader investment
banking needs.
Commercial Term Lending primarily provides term
financing to real estate investors/owners for multifamily
properties as well as office, retail and industrial properties.
Real Estate Banking provides full-service banking to
investors and developers of institutional-grade real estate
investment properties.
Other primarily includes lending and investment activities
within the Community Development Banking and Chase
Capital businesses.
Selected metrics
As of or for the year ended
December 31, (in millions,
except headcount) 2014 2013 2012
Selected balance sheet data
(period-end)
Total assets $ 195,267 $ 190,782 $ 181,502
Loans:
Loans retained 147,661 135,750 126,996
Loans held-for-sale and
loans at fair value 845 1,388 1,212
Total loans $ 148,506 $ 137,138 $ 128,208
Equity 14,000 13,500 9,500
Period-end loans by client
segment
Middle Market Banking $ 53,635 $ 52,289 $ 50,552
Corporate Client Banking 22,695 20,925 21,707
Commercial Term Lending 54,038 48,925 43,512
Real Estate Banking 13,298 11,024 8,552
Other 4,840 3,975 3,885
Total Commercial Banking
loans $ 148,506 $ 137,138 $ 128,208
Selected balance sheet data
(average)
Total assets $ 191,857 $ 185,776 $ 165,111
Loans:
Loans retained 140,982 131,100 119,218
Loans held-for-sale and
loans at fair value 782 930 882
Total loans $ 141,764 $ 132,030 $ 120,100
Client deposits and other
third-party liabilities 204,017 198,356 195,912
Equity 14,000 13,500 9,500
Average loans by client
segment
Middle Market Banking $ 52,444 $ 51,830 $ 47,009
Corporate Client Banking 21,608 20,918 19,572
Commercial Term Lending 51,120 45,989 40,872
Real Estate Banking 12,080 9,582 8,562
Other 4,512 3,711 4,085
Total Commercial Banking
loans $ 141,764 $ 132,030 $ 120,100
Headcount 7,262 6,848 6,117