eTrade 2004 Annual Report Download - page 17

Download and view the complete annual report

Please find page 17 of the 2004 eTrade annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 150

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150

Table of Contents
Index to Financial Statements
Lending Activities
The following table presents the balance and associated percentage of each major loan category in our portfolio (dollars in thousands):
11
December 31,
September 30,
2000
2004
2003
2002
2001
Balance
% of
Total
Balance
% of
Total
Balance
% of
Total
Balance
% of
Total
Balance
% of
Total
Real estate loans:
One
-
to four
-
family:
Fixed-rate
$
525,420
4.52
%
$
1,345,369
14.97
%
$
1,877,265
26.05
%
$
3,672,512
45.95
%
$
1,583,129
37.45
%
Adjustable-rate
3,388,767
29.13
1,910,161
21.26
1,502,224
20.86
2,645,952
33.11
2,635,955
62.36
Home equity lines of credit and second
mortgage
3,620,083
31.11
1,511,767
16.83
354,768
4.93
23,059
0.29
4,042
0.10
Other
1,752
0.02
12,448
0.14
13,624
0.19
2,799
0.04
3,423
0.08
Total real estate loans
(1)(2)
7,536,022
64.78
4,779,745
53.20
3,747,881
52.03
6,344,322
79.39
4,226,549
99.99
Consumer and other loans:
Recreational vehicle
2,565,929
22.06
2,285,451
25.43
1,366,876
18.98
198,643
2.49
—
—
Marine
724,125
6.22
627,975
6.99
453,783
6.30
—
—
—
—
Automobile
583,389
5.01
1,162,339
12.94
1,481,695
20.57
1,436,407
17.97
224
0.01
Credit card
203,169
1.75
113,434
1.26
—
—
—
—
—
—
Other
21,455
0.18
16,218
0.18
152,645
2.12
12,237
0.15
82
—
Total consumer and other loans
4,098,067
35.22
4,205,417
46.80
3,454,999
47.97
1,647,287
20.61
306
0.01
Total loans
(1)
11,634,089
100.00
%
8,985,162
100.00
%
7,202,880
100.00
%
7,991,609
100.00
%
4,226,855
100.00
%
Add (deduct):
Premiums (discounts) and deferred fees on
loans
198,627
184,078
190,506
38,722
(43,171
)
Allowance for loan losses
(47,681
)
(37,847
)
(27,666
)
(19,874
)
(10,930
)
Total
150,946
146,231
162,840
18,848
(54,101
)
Loans, net
(1)(2)
$
11,785,035
$
9,131,393
$
7,365,720
$
8,010,457
$
4,172,754
(1)
Includes loans held-for-sale, principally one- to four-family real estate loans. These loans were $0.3 billion, $1.0 billion, $1.8 billion and $1.6 billion at December 31, 2004, 2003, 2002
and 2001, respectively, and $0.1 billion at September 30, 2000.
(2)
The geographic concentrations of mortgage loans are described in Note 8 to the consolidated financial statements.