eTrade 2006 Annual Report Download - page 62

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Lending Activities
The following table presents the balance and associated percentage of each major loan category in our
portfolio (dollars in thousands):
December 31,
2006 2005 2004 2003 2002
Balance %(1) Balance %(1) Balance %(1) Balance %(1) Balance %(1)
Real estate loans:
One- to four- family
Fixed-rate $ 5,724,331 21.8% $ 2,603,268 13.5% $ 525,420 4.5% $1,345,369 14.9% $1,877,265 26.0%
Adjustable-rate 5,425,627 20.6 4,575,629 23.8 3,388,767 29.1 1,910,161 21.3 1,502,224 20.9
HELOC, HEIL and other 11,809,069 44.8 8,106,894 42.1 3,621,835 31.1 1,524,215 17.0 368,392 5.1
Total real estate loans 22,959,027 87.2 15,285,791 79.4 7,536,022 64.7 4,779,745 53.2 3,747,881 52.0
Consumer and other loans:
Recreational vehicle 2,292,356 8.7 2,692,055 14.0 2,567,891 22.1 2,285,451 25.4 1,366,876 19.0
Marine 651,764 2.5 752,645 3.9 724,125 6.2 627,975 7.0 453,783 6.3
Commercial 219,008 0.8 89,098 0.5 3,012 0.0 179 0.0 — —
Credit card 128,583 0.5 188,600 1.0 203,169 1.8 113,434 1.3 — —
Automobile 77,533 0.3 235,388 1.2 583,389 5.0 1,162,339 12.9 1,481,695 20.6
Other 3,706 0.0 8,338 0.0 16,481 0.2 16,039 0.2 152,645 2.1
Total consumer and other loans 3,372,950 12.8 3,966,124 20.6 4,098,067 35.3 4,205,417 46.8 3,454,999 48.0
Total loans(1) 26,331,977 100.0% 19,251,915 100.0% 11,634,089 100.0% 8,985,162 100.0% 7,202,880 100.0%
Adjustments:
Premiums (discounts) and
deferred fees on loans 391,844 323,637 198,627 184,078 190,506
Allowance for loan losses (67,628) (63,286) (47,681) (37,847) (27,666)
Total adjustments 324,216 260,351 150,946 146,231 162,840
Loans, net(1) $26,656,193 $19,512,266 $11,785,035 $9,131,393 $7,365,720
(1) Includes loans held-for-sale, principally one- to four-family real estate loans. These loans were $0.3 billion, $0.1 billion, $0.3 billion,
$1.0 billion and $1.8 billion at December 31, 2006, 2005, 2004, 2003 and 2002, respectively.
Approximately 36% and 32% of the Company’s real estate loans were concentrated in California at
December 31, 2006 and 2005, respectively. No other state had concentrations of real estate loans that represented
10% or more of the Company’s real estate portfolio.
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