eTrade 2002 Annual Report Download - page 26
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Table of Contents
Index to Financial Statements
The following table shows the scheduled maturities, carrying values, and current yields for our banking-related investment portfolio at
December 31, 2002 (in thousands):
Within One Year After One But Within Five
Years
After Five But Within Ten Years After Ten Years Totals
Balance Due Weighted
Average
Yield
Balance Due Weighted
Average
Yield
Balance Due Weighted
Average
Yield
Balance Due Weighted
Average
Yield
Balance Due Weighted
Average
Yield
Municipal bonds(1) $ 239 4.20 %
$ 725 4.64 %
$ 1,240 4.85 %
$ 30,357 5.12 %
$ 32,561 5.06 %
Corporate debt 65,347 5.03 %
168,231 7.34 %
22,247 7.06 %
96,765 3.35 %
352,590 5.68 %
Asset-backed — — %
62,932 3.90 %
119,830 4.47 %
554,820 4.30 %
737,582 4.30 %
Preferred stock in
Freddie Mac(2)
— — %
— — %
— — %
134,538 — %
134,538 — %
Other investments — — %
— — %
— — %
939 3.65 %
939 3.65 %
Total $ 65,586 $ 231,888 $ 143,317 $ 817,419 $ 1,258,210
(1) Yields on tax-exempt obligations are computed on a tax equivalent basis.
(2) Preferred stock has no stated maturity date.
Deposits and Other Sources of Funds
The following table presents information about the various categories of the Bank’ s deposits for the periods indicated (dollars in thousands):
Average Balance for
the Year Ended
December31, 2002
Percentage of
Deposits Average
Rate Average Balance for
the Year Ended
December31, 2001
Percentage of
Deposits Average
Rate Average Balance for
the Year Ended
September30, 2000
Percentage of
Deposits Average
Rate
Passbook savings $ 225 — %
1.06 %
$ 375 0.01 %
2.99 %
$ 498 0.02 %
2.48 %
Money market 3,796,466 44.94 2.11 %
1,644,951 22.86 2.78 %
178,174 5.37 4.84 %
Demand accounts 222,953 2.64 2.5 %
183,530 2.55 1.44 %
236,316 7.12 3.68 %
Certificates of
deposit 4,223,899 49.99 3.94 %
5,337,933 74.18 5.28 %
2,813,704 84.82 6.32 %
Brokered
certificates of
deposit
205,239 2.43 2.79 %
29,236 0.40 6.86 %
88,601 2.67 6.43 %
Total $ 8,448,782 100.00 %
$ 7,196,025 100.00 %
$ 3,317,293 100.00 %
The following table classifies our deposit accounts by rate at the dates indicated (in thousands):
December31, 2002 December31, 2001
0–1.99% $ 1,636,708 $ 247,755
2–3.99% 5,385,945 3,692,243
2003. EDGAR Online, Inc.