JP Morgan Chase 2015 Annual Report Download - page 111

JPMorgan Chase & Co./2015 Annual Report 101
Selected metrics (continued)
As of or for the year ended
December 31, (in millions,
except headcount) 2015 2014 2013
Selected balance sheet data
(period-end)
Total assets $ 200,700 $ 195,267 $ 190,782
Loans:
Loans retained 167,374 147,661 135,750
Loans held-for-sale and
loans at fair value 267 845 1,388
Total loans $ 167,641 $ 148,506 $ 137,138
Core loans 166,939 147,392 135,583
Equity 14,000 14,000 13,500
Period-end loans by client
segment
Middle Market Banking(a) $ 51,362 $ 51,009 $ 50,702
Corporate Client Banking(a) 31,871 25,321 22,512
Commercial Term Lending 62,860 54,038 48,925
Real Estate Banking 16,211 13,298 11,024
Other 5,337 4,840 3,975
Total Commercial Banking
loans $ 167,641 $ 148,506 $ 137,138
Selected balance sheet data
(average)
Total assets $ 198,076 $ 191,857 $ 185,776
Loans:
Loans retained 157,389 140,982 131,100
Loans held-for-sale and
loans at fair value 492 782 930
Total loans $ 157,881 $ 141,764 $ 132,030
Core loans 156,975 140,390 130,141
Client deposits and other
third-party liabilities 191,529 204,017 198,356
Equity 14,000 14,000 13,500
Average loans by client
segment
Middle Market Banking(a) $ 51,303 $ 50,939 $ 50,236
Corporate Client Banking(a) 29,125 23,113 22,512
Commercial Term Lending 58,138 51,120 45,989
Real Estate Banking 14,320 12,080 9,582
Other 4,995 4,512 3,711
Total Commercial Banking
loans $ 157,881 $ 141,764 $ 132,030
Headcount(b) 7,845 7,426 7,016
(a) Effective in 2015, mortgage warehouse lending clients were transferred
from Middle Market Banking to Corporate Client Banking. Prior period
revenue, period-end loans, and average loans by client segment were
revised to conform with the current period presentation.
(b) Effective in 2015, certain technology staff were transferred from CIB to CB;
previously-reported headcount has been revised to conform with the
current period presentation. As the related expense for these staff is not
material, prior period expenses have not been revised. Prior to 2015,
compensation expense related to this headcount was recorded in the CIB,
with an allocation to CB (reported in noncompensation expense);
commencing with 2015, such expense is recorded as compensation
expense in CB and accordingly total noninterest expense related to this
headcount in both CB and CIB remains unchanged.
Selected metrics (continued)
As of or for the year ended
December 31, (in millions, except
ratios) 2015 2014 2013
Credit data and quality statistics
Net charge-offs/(recoveries) $21$(7) $ 43
Nonperforming assets
Nonaccrual loans:
Nonaccrual loans retained(a) 375 317 471
Nonaccrual loans held-for-sale
and loans at fair value 18 14 43
Total nonaccrual loans 393 331 514
Assets acquired in loan
satisfactions 810 15
Total nonperforming assets 401 341 529
Allowance for credit losses:
Allowance for loan losses 2,855 2,466 2,669
Allowance for lending-related
commitments 198 165 142
Total allowance for credit losses 3,053 2,631 2,811
Net charge-off/(recovery) rate(b) 0.01% —% 0.03%
Allowance for loan losses to
period-end loans retained 1.71 1.67 1.97
Allowance for loan losses to
nonaccrual loans retained(a) 761 778 567
Nonaccrual loans to period-end
total loans 0.23 0.22 0.37
(a) An allowance for loan losses of $64 million, $45 million and $81 million
was held against nonaccrual loans retained at December 31, 2015, 2014
and 2013, respectively.
(b) Loans held-for-sale and loans at fair value were excluded when calculating
the net charge-off/(recovery) rate.