JP Morgan Chase 2015 Annual Report Download - page 320

Supplementary information
310 JPMorgan Chase & Co./2015 Annual Report
(Table continued from previous page)
As of or for the period ended 2015 2014
(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 $ 14,341 $ 14,201 $ 14,535 $ 14,658 $ 14,807 $ 15,526 $ 15,974 $ 16,485
Allowance for loan losses to total retained
loans 1.63% 1.67% 1.78% 1.86% 1.90% 2.02% 2.08% 2.20%
Allowance for loan losses to retained loans
excluding purchased credit-impaired loans(f) 1.37 1.40 1.45 1.52 1.55 1.63 1.69 1.75
Nonperforming assets $ 7,034 $ 7,294 $ 7,588 $ 7,714 $ 7,967 $ 8,390 $ 9,017 $ 9,473
Net charge-offs 1,064 963 1,007 1,052 1,218 1,114 1,158 1,269
Net charge-off rate 0.52% 0.49% 0.53% 0.57% 0.65% 0.60% 0.64% 0.71%
Note: Effective October 1, 2015, and January 1, 2015, JPMorgan Chase & Co. (“JPMorgan Chase” or the “Firm”) adopted new accounting guidance, retrospectively, related to (1) the presentation of debt issuance
costs, and (2) investments in affordable housing projects that qualify for the low-income housing tax credit, respectively. For additional information, see Explanation and Reconciliation of the Firm’s Use of Non-
GAAP Financial Measures on pages 80–82 , Accounting and Reporting Developments on page 170, and Note 1.
(a) Share prices shown for JPMorgan Chase’s common stock are from the New York Stock Exchange.
(b) TBVPS and ROTCE are non-GAAP financial measures. For further discussion of these measures, see Explanation and Reconciliation of the Firm’s Use of Non-GAAP Financial Measures on pages 80–82.
(c) HQLA represents the amount of assets that qualify for inclusion in the liquidity coverage ratio under the final U.S. rule (“U.S. LCR”) for 4Q15, 3Q15, 2Q15 and 1Q15 and the estimated amounts for 4Q14 and
3Q14 prior to the effective date of the final rule and under the Basel III liquidity coverage ratio (“Basel III LCR”) for 2Q14 and 1Q14. For additional information, see HQLA on page 160.
(d) As of December 31, 2015, September 30, 2015, June 30, 2015, March 31, 2015, December 31, 2014, September 30, 2014, and June 30, 2014, the ratios presented are calculated under the U.S. Basel III
transitional rules. As of March 31, 2015 the ratio presented is calculated under Basel III Standardized Transitional rules. All periods shown represent the Collins Floor. See Capital Management on pages 149–
158 for additional information on Basel III and non-GAAP financial measures of regulatory capital.
(e) Included unsecured long-term debt of $211.8 billion, $214.6 billion, $209.1 billion, $209.0 billion, $207.0 billion, $204.2 billion, $205.1 billion and $205.6 respectively, for the periods presented.
(f) Excludes the impact of residential real estate PCI loans, a non-GAAP financial measure. For further discussion of these measures, see Explanation and Reconciliation of the Firm’s Use of Non-GAAP Financial
Measures on pages 80–82. For further discussion, see Allowance for credit losses on pages 130–132.