eTrade 2002 Annual Report Download - page 145

Table of Contents
Index to Financial Statements
12.DEPOSITS
Deposits are summarized as follows (dollars in thousands):
Weighted Average Rate Amount Percent
December31, 2002 December31, 2001 December31, 2002 December31, 2001 December31, 2002 December31, 2001
Checking accounts,
interest-bearing
1.06 % 1.44 % $ 241,798 $ 216,391 2.9 % 2.7 %
Checking accounts,
non-interest-bearing
— % — % 21 23 — —
Money market 2.11 % 2.78 % 4,036,682 2,640,366 48.0 32.7
Passbook savings 2.50 % 2.99 % 292 268 — —
Certificates of deposit 3.94 % 5.28 % 3,720,959 5,225,811 44.3 64.6
Brokered certificates of deposit 2.79 % — % 400,581 — 4.8 —
Total $ 8,400,333 $ 8,082,859 100.00 % 100.00 %
Deposits, classified by rates are as follows (in thousands):
December31,
2002 2001
0–1.99% $ 1,636,708 $ 247,755
2–3.99% 5,385,945 3,692,243
4–5.99% 762,407 2,219,535
6–7.99% 615,270 1,923,269
8–9.99% 3 57
Total $ 8,400,333 $ 8,082,859
At December 31, 2002, scheduled maturities of certificates of deposit are as follows (in thousands):
Less Than One Year 1-2 Years 2-3 Years 3-4 Years 4-5 Years 5+ Years Total
Less than
4%
$ 2,095,019 $ 366,308 $ 176,552 $ 22,751 $ 13,630 $ 69,600 $ 2,743,860
4–5.99% 245,340 210,460 85,183 91,936 116,959 12,529 762,407
6–7.99% 223,457 145,016 220,137 4,696 2,170 19,794 615,270
8–9.99% — 3 — — — — 3
Total $ 2,563,816 $ 721,787 $ 481,872 $ 119,383 $ 132,759 $ 101,923 $ 4,121,540
The aggregate amount of certificates of deposit with denominations greater than or equal to $100,000 was $1.1billion at December 31, 2002
and $1.0 billion at December 31, 2001.
2003. EDGAR Online, Inc.