JP Morgan Chase 2014 Annual Report Download - page 310

Supplementary information
308 JPMorgan Chase & Co./2014 Annual Report
(Table continued from previous page)
As of or for the period ended 2014 2013
(in millions, except ratio data) 4th quarter 3rd quarter 2nd quarter 1st quarter 4th quarter 3rd quarter 2nd quarter 1st quarter
Credit quality metrics
Allowance for credit losses $ 14,807 $ 15,526 $ 15,974 $ 16,485 $ 16,969 $ 18,248 $ 20,137 $ 21,496
Allowance for loan losses to total retained
loans 1.90% 2.02% 2.08% 2.20% 2.25% 2.43% 2.69% 2.88%
Allowance for loan losses to retained loans
excluding purchased credit-impaired loans(g) 1.55 1.63 1.69 1.75 1.80 1.89 2.06 2.27
Nonperforming assets $ 7,967 $ 8,390 $ 9,017 $ 9,473 $ 9,706 $ 10,380 $ 11,041 $ 11,739
Net charge-offs 1,218 1,114 1,158 1,269 1,328 1,346 1,403 1,725
Net charge-off rate 0.65% 0.60% 0.64% 0.71% 0.73% 0.74% 0.78% 0.97%
(a) Share prices shown for JPMorgan Chase’s common stock are from the New York Stock Exchange. JPMorgan Chase’s common stock is also listed and traded
on the London Stock Exchange and the Tokyo Stock Exchange.
(b) TBVPS and ROTCE are non-GAAP financial measures. TBVPS represents the Firm’s tangible common equity divided by common shares at period-end.
ROTCE measures the Firm’s annualized earnings as a percentage of tangible common equity. For further discussion of these measures, see Explanation
and Reconciliation of the Firm’s Use of Non-GAAP Financial Measures on pages 77–78.
(c) HQLA represents the Firm’s estimate of the amount of assets that qualify for inclusion in the liquidity coverage ratio under the final U.S. rule (“U.S. LCR”)
as of December 31, 2014, and under the Basel III liquidity coverage ratio (“Basel III LCR”) for prior periods. For additional information, see HQLA on page
157.
(d) Basel III Transitional rules became effective on January 1, 2014; December 31, 2013 data is based on Basel I rules. As of December 31, 2014,
September 30, 2014, and June 30, 2014, the ratios presented are calculated under the Basel III Advanced Transitional Approach. As of March 31, 2014,
the ratios presented are calculated under the Basel III Standardized Transitional Approach. CET1 capital under Basel III replaced Tier 1 common capital
under Basel I. Prior to Basel III becoming effective on January 1, 2014, Tier 1 common capital under Basel I was a non-GAAP financial measure. See
Regulatory capital on pages 146–153 for additional information on Basel III and non-GAAP financial measures of regulatory capital.
(e) Included held-to-maturity securities of $49.3 billion, $48.8 billion, $47.8 billion, $47.3 billion, $24.0 billion and $4.5 billion at December 31, 2014,
September 30, 2014, June 30, 2014, March 31, 2014, December 31, 2013 and September 30, 2013, respectively. Held-to-maturity balances for the
other periods were not material.
(f) Included unsecured long-term debt of $207.5 billion, $204.7 billion, $205.6 billion, $206.1 billion, $199.4 billion, $199.2 billion, $199.1 billion and
$206.1 billion, respectively, for the periods presented.
(g) Excludes the impact of residential real estate PCI loans. For further discussion, see Allowance for credit losses on pages 128–130.