Charles Schwab 2011 Annual Report Download - page 92

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THE CHARLES SCHWAB CORPORATION
Notes to Consolidated Financial Statements
(Tabular Amounts in Millions, Except Per Share Data, Option Price Amounts, Ratios, or as Noted)
- 64 -
The delinquency aging analysis by loan class is as follows:
30-59 days 60-89 days Greater than Total Total
December 31, 2011 Current past due past due 90 days past due loans
Residential real estate mortgages:
Originated first mortgages $ 5,380 $ 16 $ 2 $ 39 $ 57 $ 5,437
Purchased first mortgages 152 2 - 5 7 159
Home equity lines of credit 3,494 5 2 8 15 3,509
Personal loans secured by securities 741 1 - - 1 742
Other 19 - - - - 19
Total loans to banking clients $ 9,786 $ 24 $ 4 $ 52 $ 80 $ 9,866
December 31, 2010
Residential real estate mortgages:
Originated first mortgages $ 4,527 $ 18 $ 5 $ 38 $ 61 $ 4,588
Purchased first mortgages 100 2 1 4 7 107
Home equity lines of credit 3,489 5 2 4 11 3,500
Personal loans secured by securities 557 - - 5 5 562
Other 21 - - - - 21
Total loans to banking clients $ 8,694 $ 25 $ 8 $ 51 $ 84 $ 8,778
In addition to monitoring the delinquency characteristics as presented in the aging analysis above, the Company monitors the
credit quality of residential real estate mortgages and HELOCs by stratifying the portfolios by the year of origination,
borrower FICO scores at origination, updated FICO scores, and loan-to-value ratios at origination (Origination LTV), as
presented in the following tables. Borrowers’ FICO scores are provided by an independent third party credit reporting service
and were last updated in December 2011. The Company monitors the credit quality of personal loans secured by securities by
reviewing the fair value of collateral to ensure adequate collateralization of at least 100% of the principal amount of the loans.
All of these personal loans were fully collateralized by securities with fair values in excess of borrowing amounts at
December 31, 2011 and 2010.