eTrade 2003 Annual Report Download - page 12

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5
Equity, as adjusted(3)
14.93
%
14.77
%
9.46
%
Equity to average total banking assets
4.97
%
5.36
%
5.55
%
(1)
Nonperforming loans are included in the respective average loan balances. Income on these nonperforming loans is recognized on a cash basis.
(2)
Amount includes a taxable equivalent increase in interest income in 2003 and 2002 of $2.4 million and $0.3 million, respectively. There was no such increase in 2001.
(3) Ratio calculations exclude Employee Stock Ownership Plan, merger-related and restructuring costs of $11.7 million (net of tax) for 2001; there were no such costs for 2003 or 2002.