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Table of Contents
Index to Financial Statements
NOTE 7—LOANS RECEIVABLE, NET
Loans receivable, net are summarized as follows (in thousands):
December 31, 2003
Held-for-
Investment
Held-for-
Sale
Total
Loans
Real estate loans:
One
-
to four
-
family
$
2,289,196
$
966,334
$
3,255,530
Home equity lines of credit and second mortgage
1,511,452
315
1,511,767
Multi
-
family
—
97
97
Commercial
12,279
—
12,279
Mixed
-
use and land
72
—
72
Total real estate loans
3,812,999
966,746
4,779,745
Consumer and other loans:
Recreational vehicle
2,263,606
21,845
2,285,451
Automobile
1,162,339
—
1,162,339
Marine
625,484
2,491
627,975
Credit card
113,434
—
113,434
Lease financing
2,651
—
2,651
Other
13,305
262
13,567
Total consumer and other loans
4,180,819
24,598
4,205,417
Total loans
7,993,818
991,344
8,985,162
Unamortized premiums, net
174,935
9,143
184,078
Less allowance for loan losses
(37,847
)
—
(
37,847
)
Total
$
8,130,906
$
1,000,487
$
9,131,393
December 31, 2002
Held-for-
Investment
Held-for-
Sale
Total Loans
Real estate loans:
One
-
to four
-
family
$
1,614,048
$
1,765,441
$
3,379,489
Home equity lines of credit and second mortgage
354,576
192
354,768
Multi
-
family
—
106
106
Commercial
13,397
—
13,397
Mixed
-
use
121
—
121
Total real estate loans
1,982,142
1,765,739
3,747,881
Consumer and other loans:
Recreational vehicle
1,344,405
22,471
1,366,876
Automobile
1,481,695
—
1,481,695
Marine
453,783
—
453,783
Lease financing
3,621
—
3,621
Other
149,024
—
149,024
Total consumer and other loans
3,432,528
22,471
3,454,999
Total loans
5,414,670
1,788,210
7,202,880
Unamortized premiums, net
165,977
24,529
190,506
Less allowance for loan losses
(27,666
)
—
(
27,666
)
Total
$
5,552,981
$
1,812,739
$
7,365,720