Charles Schwab 2015 Annual Report Download - page 139
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THE CHARLES SCHWAB CORPORATION
Supplemental Financial Data for Charles Schwab Bank (Unaudited)
(Dollars in Millions)
F-8
Changes in the allowance for loan losses were as follows:
December 31, 2015 2014 2013 2012 2011
Balance at beginning of year $ 42 $ 48 $ 56 $ 54 $ 53
Charge-offs (3) (5) (11) (16) (19)
Recoveries 3 3 4 2 2
Provision for loan losses (11) (4) (1) 16 18
Balance at end of year $ 31 $ 42 $ 48 $ 56 $ 54
The maturities of the loan portfolio are as follows:
After 1 year
Within through After
December 31, 2015 1 year 5 years 5 years Total
Residential real estate mortgages (1) $ - $ - $ 8,334 $ 8,334
Home equity loans and lines of credit (2) 620 1,307 808 2,735
Pledged asset lines 466 2,766 - 3,232
Other 6 52 3 61
Total $ 1,092 $ 4,125 $ 9,145 $ 14,362
(1) Maturities are based upon the contractual terms of the loans.
(2) Maturities are based on an initial draw period of ten years.
The interest sensitivity of loans with contractual maturities in excess of one year is as follows:
After
December 31, 2015 1 year
Loans with floating or adjustable interest rates $ 12,336
Loans with predetermined interest rates 934
Total $ 13,270
6. Summary of Loan Loss on Banking Loans Experience
December 31, 2015 2014 2013 2012 2011
Average loans
$ 13,972 $ 12,904 $ 11,756 $ 10,050 $ 9,468
Allowance to year end loans
.21 % .31 % .39 %
.52 % .55 %
Allowance to nonperforming loans
110 %
120 %
100 %
117 %
104 %
N
onperforming assets to average loans
and real estate owned .26 % .31 % .45 %
.54 % .59 %