Charles Schwab 2015 Annual Report Download - page 137

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THE CHARLES SCHWAB CORPORATION
Supplemental Financial Data for Charles Schwab Bank (Unaudited)
(Dollars in Millions)
F-6
Gross Gross
Amortized Unrealized Unrealized Fair
December 31, 2013 Cost Gains Losses Value
Securities available for sale:
U.S. agency mortgage-backed securities $ 18,554 $ 140 $ 49 $ 18,645
Asset-backed securities 15,201 42 37 15,206
Corporate debt securities 8,973 49 15 9,007
U.S. agency notes 4,239 1 104 4,136
Certificates of deposit 3,650 4 2 3,652
N
on-agency commercial mortgage-backed securities 271 8 - 279
Other securities 716 11 34 693
Total securities available for sale $ 51,604 $ 255 $ 241 $ 51,618
Securities held to maturity:
U.S. agency mortgage-backed securities $ 29,260 $ 161 $ 921 $ 28,500
N
on-agency commercial mortgage-backed securities 958 - 68 890
Other securities 100 - - 100
Total securities held to maturity $ 30,318 $ 161 $ 989 $ 29,490
The maturities and related weighted-average yields of securities available for sale and securities held to maturity are as
follows:
After 1 year After 5 years
Within through through After
December 31, 2015 1 year 5 years 10 years 10 years Total
Securities available for sale:
U.S. agency mortgage-backed securities (1) $ - $ 1,883 $ 10,372 $ 9,894 $ 22,149
Asset-backed securities - 7,014 3,555 10,916 21,485
Corporate debt securities 2,344 8,403 - - 10,747
U.S. Treasury securities 2,494 2,641 - - 5,135
U.S. agency notes - 3,150 - - 3,150
Certificates of deposit 935 748 - - 1,683
U.S. state and municipal securities - - 19 405 424
N
on-agency commercial mortgage-backed
securities (1) - - - 299 299
Other securities - - - 5 5
Total fair value $ 5,773 $ 23,839 $ 13,946 $ 21,519 $ 65,077
Total amortized cost $ 5,774 $ 23,873 $ 13,966 $ 21,678 $ 65,291
Weighted-average yield (2) 0.80 % 1.05 % 0.90 % 1.18 % 1.04 %
Securities held to maturity:
U.S. agency mortgage-backed securities (1) $ - $ 2,380 $ 20,337 $ 26,166 $ 48,883
N
on-agency commercial mortgage-backed
securities (1) - - 357 628 985
Total fair value $ - $ 2,380 $ 20,694 $ 26,794 $ 49,868
Total amortized cost $ - $ 2,311 $ 20,656 $ 26,817 $ 49,784
Weighted-average yield (2) - 2.76 % 2.57 % 2.09 % 2.32 %
(1) Mortgage-backed securities have been allocated to maturity groupings based on final contractual maturities. Actual
maturities will differ from final contractual maturities because borrowers on a certain portion of loans underlying these
securities have the right to prepay their obligations.
(2) The weighted-average yield is computed using the amortized cost at December 31, 2015.