JP Morgan Chase 2015 Annual Report Download - page 260
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Notes to consolidated financial statements
250 JPMorgan Chase & Co./2015 Annual Report
The following table presents average impaired loans and the related interest income reported by the Firm.
Year ended December 31, Average impaired loans
Interest income on
impaired loans(a)
Interest income on impaired
loans on a cash basis(a)
(in millions) 2015 2014 2013 2015 2014 2013 2015 2014 2013
Home equity
Senior lien $ 1,077 $ 1,122 $ 1,151 $51$55$59$35$37$40
Junior lien 1,292 1,313 1,297 77 82 82 50 53 55
Mortgages
Prime, including option ARMs 5,397 6,730 7,214 217 262 280 46 54 59
Subprime 2,300 3,444 3,798 131 182 200 41 51 55
Total residential real estate – excluding PCI $ 10,066 $ 12,609 $ 13,460 $ 476 $ 581 $ 621 $ 172 $ 195 $ 209
(a) Generally, interest income on loans modified in TDRs is recognized on a cash basis until such time as the borrower has made a minimum of six payments
under the new terms.
Loan modifications
Modifications of residential real estate loans, excluding PCI
loans, are generally accounted for and reported as TDRs.
There were no additional commitments to lend to
borrowers whose residential real estate loans, excluding PCI
loans, have been modified in TDRs.
The following table presents new TDRs reported by the
Firm.
Year ended December 31,
(in millions) 2015 2014 2013
Home equity:
Senior lien $ 108 $ 110 $ 210
Junior lien 293 211 388
Mortgages:
Prime, including option ARMs 209 287 770
Subprime 58 124 319
Total residential real estate –
excluding PCI $ 668 $ 732 $ 1,687