JP Morgan Chase 2015 Annual Report Download - page 255

JPMorgan Chase & Co./2015 Annual Report 245
Loan portfolio
The Firm’s loan portfolio is divided into three portfolio segments, which are the same segments used by the Firm to determine
the allowance for loan losses: Consumer, excluding credit card; Credit card; and Wholesale. Within each portfolio segment, the
Firm monitors and assesses the credit risk in the following classes of loans, based on the risk characteristics of each loan class:
Consumer, excluding
credit card(a)
Credit card Wholesale(c)
Residential real estate – excluding PCI
• Home equity – senior lien
• Home equity – junior lien
• Prime mortgage, including
option ARMs
• Subprime mortgage
Other consumer loans
• Auto(b)
• Business banking(b)
• Student and other
Residential real estate – PCI
• Home equity
• Prime mortgage
• Subprime mortgage
• Option ARMs
• Credit card loans • Commercial and industrial
• Real estate
• Financial institutions
• Government agencies
• Other(d)
(a) Includes loans held in CCB, prime mortgage and home equity loans held in AM and prime mortgage loans held in Corporate.
(b) Includes certain business banking and auto dealer risk-rated loans that apply the wholesale methodology for determining the allowance for loan losses;
these loans are managed by CCB, and therefore, for consistency in presentation, are included with the other consumer loan classes.
(c) Includes loans held in CIB, CB, AM and Corporate. Excludes prime mortgage and home equity loans held in AM and prime mortgage loans held in
Corporate. Classes are internally defined and may not align with regulatory definitions.
(d) Includes loans to: individuals; SPEs; holding companies; and private education and civic organizations. For more information on exposures to SPEs, see
Note 16.
The following tables summarize the Firm’s loan balances by portfolio segment.
December 31, 2015 Consumer, excluding
credit card Credit card(a) Wholesale Total(in millions)
Retained $ 344,355 $ 131,387 $ 357,050 $ 832,792 (b)
Held-for-sale 466 76 1,104 1,646
At fair value — — 2,861 2,861
Total $ 344,821 $ 131,463 $ 361,015 $ 837,299
December 31, 2014 Consumer, excluding
credit card Credit card(a) Wholesale Total(in millions)
Retained $ 294,979 $ 128,027 $ 324,502 $ 747,508 (b)
Held-for-sale 395 3,021 3,801 7,217
At fair value — — 2,611 2,611
Total $ 295,374 $ 131,048 $ 330,914 $ 757,336
(a) Includes billed finance charges and fees net of an allowance for uncollectible amounts.
(b) Loans (other than PCI loans and those for which the fair value option has been elected) are presented net of unearned income, unamortized discounts and
premiums, and net deferred loan costs. These amounts were not material as of December 31, 2015 and 2014.