eTrade 2004 Annual Report Download - page 19

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Table of Contents
Index to Financial Statements
Maturity of Loan Portfolio. The following table shows the contractual maturities of our loan portfolio at December 31, 2004, including
scheduled principal repayments. This table does not, however, include any estimate of prepayments. These prepayments could significantly
shorten the average loan lives and cause the actual timing of the loan repayments to differ from those shown in the following table (in
thousands):
The following table shows the distribution of those loans that mature in more than one year between fixed and adjustable interest rate
loans at December 31, 2004 (in thousands):
Delinquent, Nonperforming and Other Problem Assets
Due in
Total
< 1 Year
1-5 Years
> 5 Years
Real estate loans:
One
-
to four
-
family:
Fixed rate
$
24,282
$
3,353
$
497,785
$
525,420
Adjustable rate
18
282
3,388,467
3,388,767
Home equity lines of credit and second mortgage
—
2,728
3,617,355
3,620,083
Other
—
1,628
124
1,752
Total real estate loans
24,300
7,991
7,503,731
7,536,022
Consumer and other loans:
Recreational vehicle
443
47,919
2,517,567
2,565,929
Marine
85
49,253
674,787
724,125
Automobile
26,753
542,957
13,679
583,389
Credit card
203,169
—
—
203,169
Other
468
16,204
4,783
21,455
Total consumer and other loans
230,918
656,333
3,210,816
4,098,067
Total loans
$
255,218
$
664,324
$
10,714,547
$
11,634,089
Interest Rate Type
Total
Fixed
Adjustable
Real estate loans:
One
-
to four
-
family
$
501,138
$
3,388,749
$
3,889,887
Home equity lines of credit and second mortgage
169,815
3,450,268
3,620,083
Other
991
761
1,752
Total real estate loans
671,944
6,839,778
7,511,722
Consumer and other loans:
Recreational vehicle
2,565,486
—
2,565,486
Marine
724,040
—
724,040
Automobile
556,636
—
556,636
Other
18,116
2,871
20,987
Total consumer and other loans
3,864,278
2,871
3,867,149
Total loans
$
4,536,222
$
6,842,649
$
11,378,871
We continually monitor our loan portfolio to anticipate and address potential and actual delinquencies. Based on the length of the
delinquency period, we reclassify these assets as nonperforming and, if necessary, take possession of the underlying collateral. Once we take
possession of the underlying collateral, we classify the property as other assets on our consolidated balance sheets.
13