EX-99.2 5 a4q12erfexhibit992suppleme.htm EARNINGS RELEASE FINANCIAL SUPPLEMENT - 4Q12 4Q12 ERF Exhibit 99.2 Supplement










EARNINGS RELEASE FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012





JPMORGAN CHASE & CO.
 
 
 
 
TABLE OF CONTENTS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page(s)
 
Consolidated Results
 
 
 
 
 
 
 
 
 
 
 
Consolidated Financial Highlights
 
 
 
 
 
 
 
 
 
2-3
 
Consolidated Statements of Income
 
 
 
 
 
 
 
 
 
4
 
Consolidated Balance Sheets
 
 
 
 
 
 
 
 
 
5
 
Condensed Average Balance Sheets and Annualized Yields
 
 
 
 
 
 
 
 
 
6
 
Core Net Interest Income
 
 
 
 
 
 
 
 
 
7
 
Reconciliation from Reported to Managed Summary
 
 
 
 
 
 
 
 
 
8
 
 
 
 
 
 
 
 
 
 
 
 
 
Business Detail
 
 
 
 
 
 
 
 
 
 
 
Line of Business Financial Highlights - Managed Basis
 
 
 
 
 
 
 
 
 
9
 
Consumer & Community Banking
 
 
 
 
 
 
 
 
 
10-11
 
Consumer & Business Banking
 
 
 
 
 
 
 
 
 
12
 
Mortgage Banking
 
 
 
 
 
 
 
 
 
13-16
 
Card, Merchant Services & Auto
 
 
 
 
 
 
 
 
 
17-18
 
Corporate & Investment Bank
 
 
 
 
 
 
 
 
 
19-22
 
Commercial Banking
 
 
 
 
 
 
 
 
 
23-24
 
Asset Management
 
 
 
 
 
 
 
 
 
25-29
 
Corporate/Private Equity
 
 
 
 
 
 
 
 
 
30-31
 
Credit-Related Information
 
 
 
 
 
 
 
 
 
32-37
 
Market Risk-Related Information
 
 
 
 
 
 
 
 
 
38
 
Supplemental Detail
 
 
 
 
 
 
 
 
 
 
 
Capital and Other Selected Balance Sheet Items
 
 
 
 
 
 
 
 
 
39
 
Mortgage Repurchase Liability
 
 
 
 
 
 
 
 
 
40
 
Per Share-Related Information
 
 
 
 
 
 
 
 
 
41
 
Non-GAAP Financial Measures
 
 
 
 
 
 
 
 
 
42
 
Glossary of Terms
 
 
 
 
 
 
 
 
 
43-47
 
 
 
 
 
 
 
 
 
 
 
 
 
Memo: Business Segment Reorganization Summary
 
 
 
 
 
 
 
 
 
48-49
 
 
 
 
 
 
 
 
 
 
 
 
 


Page 1


JPMORGAN CHASE & CO.
 
 
 
 
 
 
CONSOLIDATED FINANCIAL HIGHLIGHTS
 
 
 
 
 
 
(in millions, except per share and ratio data)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
QUARTERLY TRENDS
 
 
FULL YEAR
 
 
 
 
 
 
 
 
 
 
 
 
4Q12 Change
 
 
 
 
 
 
2012 Change
 
SELECTED INCOME STATEMENT DATA
4Q12
 
3Q12
 
2Q12
 
1Q12
 
4Q11
 
3Q12
 
4Q11
 
 
2012
 
2011
 
2011
 
Reported Basis
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total net revenue
$
23,653

 
$
25,146

 
$
22,180

 
$
26,052

 
$
21,471

 
(6
)
%
10

%
 
$
97,031

 
$
97,234

 
-

%
Total noninterest expense
16,047

 
15,371

 
14,966

 
18,345

 
14,540

 
4

 
10

 
 
64,729

 
62,911

 
3

 
Pre-provision profit
7,606

 
9,775

 
7,214

 
7,707

 
6,931

 
(22
)
 
10

 
 
32,302

 
34,323

 
(6
)
 
Provision for credit losses
656

 
1,789

 
214

 
726

 
2,184

 
(63
)
 
(70
)
 
 
3,385

 
7,574

 
(55
)
 
NET INCOME
5,692

 
5,708

 
4,960

 
4,924

 
3,728

 
-

 
53

 
 
21,284

 
18,976

 
12

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Managed Basis (a)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total net revenue
24,378

 
25,863

 
22,892

 
26,757

 
22,198

 
(6
)
 
10

 
 
99,890

 
99,767

 
-

 
Total noninterest expense
16,047

 
15,371

 
14,966

 
18,345

 
14,540

 
4

 
10

 
 
64,729

 
62,911

 
3

 
Pre-provision profit
8,331

 
10,492

 
7,926

 
8,412

 
7,658

 
(21
)
 
9

 
 
35,161

 
36,856

 
(5
)
 
Provision for credit losses
656

 
1,789

 
214

 
726

 
2,184

 
(63
)
 
(70
)
 
 
3,385

 
7,574

 
(55
)
 
NET INCOME
5,692

 
5,708

 
4,960

 
4,924

 
3,728

 
-

 
53

 
 
21,284

 
18,976

 
12

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PER COMMON SHARE DATA
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic earnings
1.40

 
1.41

 
1.22

 
1.20

 
0.90

 
(1
)
 
56

 
 
5.22

 
4.50

 
16

 
Diluted earnings
1.39

 
1.40

 
1.21

 
1.19

 
0.90

 
(1
)
 
54

 
 
5.20

 
4.48

 
16

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash dividends declared
0.30

 
0.30

 
0.30

 
0.30

 
0.25

 
-

 
20

 
 
1.20

 
1.00

 
20

 
Book value
51.27

 
50.17

 
48.40

 
47.48

 
46.59

 
2

 
10

 
 
51.27

 
46.59

 
10

 
Tangible book value (b)
38.75

 
37.53

 
35.71

 
34.79

 
33.69

 
3

 
15

 
 
38.75

 
33.69

 
15

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Closing share price (c)
43.97

 
40.48

 
35.73

 
45.98

 
33.25

 
9

 
32

 
 
43.97

 
33.25

 
32

 
Market capitalization
167,260

 
153,806

 
135,661

 
175,737

 
125,442

 
9

 
33

 
 
167,260

 
125,442

 
33

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
COMMON SHARES OUTSTANDING
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Average: Basic
3,806.7

 
3,803.3

 
3,808.9

 
3,818.8

 
3,801.9

 
-

 
-

 
 
3,809.4

 
3,900.4

 
(2
)
 
               Diluted
3,820.9

 
3,813.9

 
3,820.5

 
3,833.4

 
3,811.7

 
-

 
-

 
 
3,822.2

 
3,920.3

 
(3
)
 
Common shares at period-end
3,804.0

 
3,799.6

 
3,796.8

 
3,822.0

 
3,772.7

 
-

 
1

 
 
3,804.0

 
3,772.7

 
1

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
FINANCIAL RATIOS (d)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Return on common equity ("ROE")
11

%
12

%
11

%
11

%
8

%
 
 
 
 
 
11

%
11

%
 
 
Return on tangible common equity ("ROTCE") (b)
15

 
16

 
15

 
15

 
11

 
 
 
 
 
 
15

 
15

 
 
 
Return on assets ("ROA")
0.98

 
1.01

 
0.88

 
0.88

 
0.65

 
 
 
 
 
 
0.94

 
0.86

 
 
 
Return on risk-weighted assets (e)
1.76

(g)
1.74

 
1.52

 
1.57

 
1.21

 
 
 
 
 
 
1.65

(g)
1.58

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CAPITAL RATIOS (based on Basel I)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Tier 1 capital ratio
12.6

(g)
11.9

 
11.3

 
11.9

 
12.3

 
 
 
 
 
 
12.6

(g)
12.3

 
 
 
Total capital ratio
15.3

(g)
14.7

 
14.0

 
14.9

 
15.4

 
 
 
 
 
 
15.3

(g)
15.4

 
 
 
Tier 1 common capital ratio (f)
11.0

(g)
10.4

 
9.9

 
9.8

 
10.1

 
 
 
 
 
 
11.0

(g)
10.1

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) For further discussion of managed basis, see Reconciliation from Reported to Managed Summary on page 8.
(b) Tangible book value per share and ROTCE are non-GAAP financial measures. Tangible book value per share represents the Firm's tangible common equity divided by period-end common shares. ROTCE measures the Firm's annualized earnings as a percentage of tangible common equity. For further discussion, see page 42.
(c) 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.
(d) Ratios are based upon annualized amounts.
(e) Return on Basel I risk-weighted assets is the annualized earnings of the Firm divided by its average risk-weighted assets.
(f) Basel I Tier 1 common capital ratio (“Tier 1 common ratio”) is Tier 1 common capital (“Tier 1 common”) divided by risk-weighted assets. The Firm uses Tier 1 common capital along with the other capital measures to assess and monitor its capital position. For further discussion of the Tier 1 common capital ratio, see page 42.
(g) Estimated.



Page 2


JPMORGAN CHASE & CO.
 
 
 
 
 
 
CONSOLIDATED FINANCIAL HIGHLIGHTS, CONTINUED
 
 
 
 
 
 
(in millions, except ratio and headcount data)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
QUARTERLY TRENDS
 
 
FULL YEAR
 
 
 
 
 
 
 
 
 
 
 
 
4Q12 Change
 
 
 
 
 
 
2012 Change
 
 
4Q12
 
3Q12
 
2Q12
 
1Q12
 
4Q11
 
3Q12
 
4Q11
 
 
2012
 
2011
 
2011
 
SELECTED BALANCE SHEET DATA (period-end)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total assets
$
2,359,141

 
$
2,321,284

 
$
2,290,146

 
$
2,320,164

 
$
2,265,792

 
2

%
4

%
 
$
2,359,141

 
$
2,265,792

 
4

%
Consumer, excluding credit card loans
292,620

 
295,079

 
300,046

 
304,770

 
308,427

 
(1
)
 
(5
)
 
 
292,620

 
308,427

 
(5
)
 
Credit card loans
127,993

 
124,537

 
124,705

 
125,331

 
132,277

 
3

 
(3
)
 
 
127,993

 
132,277

 
(3
)
 
Wholesale loans
313,183

 
302,331

 
302,820

 
290,866

 
283,016

 
4

 
11

 
 
313,183

 
283,016

 
11

 
Total Loans
733,796

 
721,947

 
727,571

 
720,967

 
723,720

 
2

 
1

 
 
733,796

 
723,720

 
1

 
Deposits
1,193,593

 
1,139,611

 
1,115,886

 
1,128,512

 
1,127,806

 
5

 
6

 
 
1,193,593

 
1,127,806

 
6

 
Common stockholders' equity
195,011

 
190,635

 
183,772

 
181,469

 
175,773

 
2

 
11

 
 
195,011

 
175,773

 
11

 
Total stockholders' equity
204,069

 
199,693

 
191,572

 
189,269

 
183,573

 
2

 
11

 
 
204,069

 
183,573

 
11

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits-to-loans ratio
163

%
158

%
153

%
157

%
156

%
 
 
 
 
 
163

%
156

%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Headcount
258,965

 
259,547

 
262,882

 
261,453

 
260,157

 
-

 
-

 
 
258,965

 
260,157

 
-

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
LINE OF BUSINESS NET INCOME/(LOSS)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Consumer & Community Banking
$
2,014

 
$
2,366

 
$
3,295

 
$
2,936

 
$
1,574

 
(15
)
 
28

 
 
$
10,611

 
$
6,202

 
71

 
Corporate & Investment Bank
2,005

 
1,992

 
2,376

 
2,033

 
976

 
1

 
105

 
 
8,406

 
7,993

 
5

 
Commercial Banking
692

 
690

 
673

 
591

 
643

 
-

 
8

 
 
2,646

 
2,367

 
12

 
Asset Management
483

 
443

 
391

 
386

 
302

 
9

 
60

 
 
1,703

 
1,592

 
7

 
Corporate/Private Equity
498

 
217

 
(1,775
)
 
(1,022
)
 
233

 
129

 
114

 
 
(2,082
)
 
822

 
NM 

 
NET INCOME
$
5,692

 
$
5,708

 
$
4,960

 
$
4,924

 
$
3,728

 
-

 
53

 
 
$
21,284

 
$
18,976

 
12

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 



Page 3



JPMORGAN CHASE & CO.
 
 
 
 
 
 
 
 
 
 
CONSOLIDATED STATEMENTS OF INCOME
 
 
 
 
 
 
 
 
 
 
(in millions, except per share and ratio data)
 
 
 
 
 
 
 
 
 
 
 
QUARTERLY TRENDS
 
 
FULL YEAR
 
 
 
 
 
 
 
 
 
 
 
 
4Q12 Change
 
 
 
 
 
 
2012 Change
 
REVENUE
4Q12
 
3Q12
 
2Q12
 
1Q12
 
4Q11
 
3Q12
 
4Q11
 
 
2012
 
2011
 
2011
 
Investment banking fees
$
1,727

 
$
1,443

 
$
1,257

 
$
1,381

 
$
1,133

 
20

%
52

%
 
$
5,808

 
$
5,911

 
(2
)
%
Principal transactions
1,194

 
2,047

 
(427
)
 
2,722

 
750

 
(42
)
 
59

 
 
5,536

 
10,005

 
(45
)
 
Lending- and deposit-related fees
1,571

 
1,562

 
1,546

 
1,517

 
1,620

 
1

 
(3
)
 
 
6,196

 
6,458

 
(4
)
 
Asset management, administration and commissions
3,679

 
3,336

 
3,461

 
3,392

 
3,337

 
10

 
10

 
 
13,868

 
14,094

 
(2
)
 
Securities gains
102

 
458

 
1,014

 
536

 
47

 
(78
)
 
117

 
 
2,110

 
1,593

 
32

 
Mortgage fees and related income
2,035

 
2,377

 
2,265

 
2,010

 
725

 
(14
)
 
181

 
 
8,687

 
2,721

 
219

 
Card income
1,502

 
1,428

 
1,412

 
1,316

 
1,359

 
5

 
11

 
 
5,658

 
6,158

 
(8
)
 
Other income
721

 
1,519

 
506

 
1,512

 
369

 
(53
)
 
95

 
 
4,258

 
2,605

 
63

 
Noninterest revenue
12,531

 
14,170

 
11,034

 
14,386

 
9,340

 
(12
)
 
34

 
 
52,121

 
49,545

 
5

 
Interest income
13,634

 
13,629

 
14,099

 
14,701

 
15,054

 
-

 
(9
)
 
 
56,063

 
61,293

 
(9
)
 
Interest expense
2,512

 
2,653

 
2,953

 
3,035

 
2,923

 
(5
)
 
(14
)
 
 
11,153

 
13,604

 
(18
)
 
Net interest income
11,122

 
10,976

 
11,146

 
11,666

 
12,131

 
1

 
(8
)
 
 
44,910

 
47,689

 
(6
)
 
TOTAL NET REVENUE
23,653

 
25,146

 
22,180

 
26,052

 
21,471

 
(6
)
 
10

 
 
97,031

 
97,234

 
-

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Provision for credit losses
656

 
1,789

 
214

 
726

 
2,184

 
(63
)
 
(70
)
 
 
3,385

 
7,574

 
(55
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
NONINTEREST EXPENSE
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Compensation expense
7,042

 
7,503

 
7,427

 
8,613

 
6,297

 
(6
)
 
12

 
 
30,585

 
29,037

 
5

 
Occupancy expense
911

 
973

 
1,080

 
961

 
1,047

 
(6
)
 
(13
)
 
 
3,925

 
3,895

 
1

 
Technology, communications and equipment expense
1,359

 
1,312

 
1,282

 
1,271

 
1,282

 
4

 
6

 
 
5,224

 
4,947

 
6

 
Professional and outside services
2,018

 
1,759

 
1,857

 
1,795

 
2,021

 
15

 
-

 
 
7,429

 
7,482

 
(1
)
 
Marketing
648

 
607

 
642

 
680

 
814

 
7

 
(20
)
 
 
2,577

 
3,143

 
(18
)
 
Other expense (a)
3,678

 
3,035

 
2,487

 
4,832

 
2,872

 
21

 
28

 
 
14,032

 
13,559

 
3

 
Amortization of intangibles
391

 
182

 
191

 
193

 
207

 
115

 
89

 
 
957

 
848

 
13

 
TOTAL NONINTEREST EXPENSE
16,047

 
15,371

 
14,966

 
18,345

 
14,540

 
4

 
10

 
 
64,729

 
62,911

 
3

 
Income before income tax expense
6,950

 
7,986

 
7,000

 
6,981

 
4,747

 
(13
)
 
46

 
 
28,917

 
26,749

 
8

 
Income tax expense
1,258

 
2,278

 
2,040

 
2,057

 
1,019

 
(45
)
 
23

 
 
7,633

 
7,773

 
(2
)
 
NET INCOME
$
5,692

 
$
5,708

 
$
4,960

 
$
4,924

 
$
3,728

 
-

 
53

 
 
$
21,284

 
$
18,976

 
12

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PER COMMON SHARE DATA
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic earnings
1.40

 
1.41

 
1.22

 
1.20

 
0.90

 
(1
)
 
56

 
 
5.22

 
4.50

 
16

 
Diluted earnings
1.39

 
1.40

 
1.21

 
1.19

 
0.90

 
(1
)
 
54

 
 
5.20

 
4.48

 
16

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
FINANCIAL RATIOS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Return on common equity (b)
11

%
12

%
11

%
11

%
8

%
 
 
 
 
 
11

%
11

%
 
 
Return on tangible common equity (b)(c)
15

 
16

 
15

 
15

 
11

 
 
 
 
 
 
15

 
15

 
 
 
Return on assets (b)
0.98

 
1.01

 
0.88

 
0.88

 
0.65

 
 
 
 
 
 
0.94

 
0.86

 
 
 
Return on risk-weighted assets (b)(c)
1.76

(d)
1.74

 
1.52

 
1.57

 
1.21

 
 
 
 
 
 
1.65

(d)
1.58

 
 
 
Effective income tax rate
18

(e)
29

 
29

 
29

 
21

(f)
 
 
 
 
 
26

 
29

 
 
 
Overhead ratio
68

 
61

 
67

 
70

 
68

 
 
 
 
 
 
67

 
65

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
Included litigation expense of $1.2 billion, $0.8 billion, $0.3 billion, $2.7 billion and $0.6 billion for the three months ended December 31, 2012, September 30, 2012, June 30, 2012, March 31, 2012 and December 31, 2011, respectively, and $5.0 billion and $4.9 billion for full year 2012 and 2011, respectively.
(b)
Ratios are based upon annualized amounts.
(c)
For further discussion of ROTCE and return on Basel I risk-weighted assets, see pages 2 and 42.
(d)
Estimated.
(e)
Reflects changes in the proportion of pretax income subject to U.S. federal and state and local taxes, higher tax benefits associated with tax audits, higher tax benefits from tax-advantaged investments, and other year-end tax adjustments.
(f)
Reflects lower reported pretax income and changes in the proportion of income subject to U.S. federal and state and local taxes, as well as tax benefits associated with state and local income taxes.

Page 4



JPMORGAN CHASE & CO.
 
 
 
CONSOLIDATED BALANCE SHEETS
 
 
 
(in millions)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
Change
 
 
 Dec 31,
 
 Sep 30,
 
 Jun 30,
 
 Mar 31,
 
 Dec 31,
 
 Sep 30,
 
 Dec 31,
 
 
2012
 
2012
 
2012
 
2012
 
2011
 
2012
 
2011
 
ASSETS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and due from banks
$
53,723

 
$
53,343

 
$
44,866

 
$
55,383

 
$
59,602

 
1

%
(10
)
%
Deposits with banks
121,814

 
104,344

 
130,383

 
115,028

 
85,279

 
17

 
43

 
Federal funds sold and securities purchased under
 
 
 
 
 
 
 
 
 
 
 
 
 
 
resale agreements
296,296

 
281,991

 
255,188

 
240,484

 
235,314

 
5

 
26

 
Securities borrowed
119,017

 
133,526

 
138,209

 
135,650

 
142,462

 
(11
)
 
(16
)
 
Trading assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Debt and equity instruments
375,045

 
367,090

 
331,781

 
370,623

 
351,486

 
2

 
7

 
Derivative receivables
74,983

 
79,963

 
85,543

 
85,010

 
92,477

 
(6
)
 
(19
)
 
Securities
371,152

 
365,901

 
354,595

 
381,742

 
364,793

 
1

 
2

 
Loans
733,796

 
721,947

 
727,571

 
720,967

 
723,720

 
2

 
1

 
Less: Allowance for loan losses
21,936

 
22,824

 
23,791

 
25,871

 
27,609

 
(4
)
 
(21
)
 
Loans, net of allowance for loan losses
711,860

 
699,123

 
703,780

 
695,096

 
696,111

 
2

 
2

 
Accrued interest and accounts receivable
60,933

 
62,989

 
67,939

 
64,833

 
61,478

 
(3
)
 
(1
)
 
Premises and equipment
14,519

 
14,271

 
14,206

 
14,213

 
14,041

 
2

 
3

 
Goodwill
48,175

 
48,178

 
48,131

 
48,208

 
48,188

 
-

 
-

 
Mortgage servicing rights
7,614

 
7,080

 
7,118

 
8,039

 
7,223

 
8

 
5

 
Other intangible assets
2,235

 
2,641

 
2,813

 
3,029

 
3,207

 
(15
)
 
(30
)
 
Other assets
101,775

 
100,844

 
105,594

 
102,826

 
104,131

 
1

 
(2
)
 
TOTAL ASSETS
$
2,359,141

 
$
2,321,284

 
$
2,290,146

 
$
2,320,164

 
$
2,265,792

 
2

 
4

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
LIABILITIES
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits
$
1,193,593

 
$
1,139,611

 
$
1,115,886

 
$
1,128,512

 
$
1,127,806

 
5

 
6

 
Federal funds purchased and securities loaned or sold
 
 
 
 
 
 
 
 
 
 
 
 
 
 
under repurchase agreements
240,103

 
257,218

 
261,657

 
250,483

 
213,532

 
(7
)
 
12

 
Commercial paper
55,367

 
55,474

 
50,563

 
50,577

 
51,631

 
-

 
7

 
Other borrowed funds
26,636

 
22,255

 
21,689

 
27,298

 
21,908

 
20

 
22

 
Trading liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Debt and equity instruments
61,262

 
71,471

 
70,812

 
71,529

 
66,718

 
(14
)
 
(8
)
 
Derivative payables
70,656

 
73,462

 
76,249

 
74,767

 
74,977

 
(4
)
 
(6
)
 
Accounts payable and other liabilities
195,240

 
203,042

 
207,126

 
204,148

 
202,895

 
(4
)
 
(4
)
 
Beneficial interests issued by consolidated VIEs
63,191

 
57,918

 
55,053

 
67,750

 
65,977

 
9

 
(4
)
 
Long-term debt
249,024

 
241,140

 
239,539

 
255,831

 
256,775

 
3

 
(3
)
 
TOTAL LIABILITIES
2,155,072

 
2,121,591

 
2,098,574

 
2,130,895

 
2,082,219

 
2

 
3

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
STOCKHOLDERS' EQUITY
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Preferred stock
9,058

 
9,058

 
7,800

 
7,800

 
7,800

 
-

 
16

 
Common stock
4,105

 
4,105

 
4,105

 
4,105

 
4,105

 
-

 
-

 
Capital surplus
94,604

 
94,431

 
94,201

 
94,070

 
95,602

 
-

 
(1
)
 
Retained earnings
104,223

 
99,888

 
95,518

 
91,888

 
88,315

 
4

 
18

 
Accumulated other comprehensive income
4,102

 
4,426

 
2,272

 
2,645

 
944

 
(7
)
 
335

 
Shares held in RSU Trust, at cost
(21
)
 
(38
)
 
(38
)
 
(38
)
 
(38
)
 
45

 
45

 
Treasury stock, at cost
(12,002
)
 
(12,177
)
 
(12,286
)
 
(11,201
)
 
(13,155
)
 
1

 
9

 
TOTAL STOCKHOLDERS' EQUITY
204,069

 
199,693

 
191,572

 
189,269

 
183,573

 
2

 
11

 
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
$
2,359,141

 
$
2,321,284

 
$
2,290,146

 
$
2,320,164

 
$
2,265,792

 
2

 
4

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Page 5



JPMORGAN CHASE & CO.