eTrade 2009 Annual Report Download - page 142

Assuming no future impairments of these assets or additional acquisitions, annual amortization expense will
be as follows (dollars in thousands):
Years ending December 31,
2010 $ 28,562
2011 27,451
2012 26,420
2013 25,461
2014 24,394
Thereafter 224,116
Total future amortization expense $356,404
Amortization of other intangibles from continuing operations was $29.7 million, $35.7 million and $40.5
million for the years ended December 31, 2009, 2008 and 2007, respectively.
NOTE 11—OTHER ASSETS
Other assets consist of the following (dollars in thousands):
December 31,
2009 2008
Deferred tax asset $1,441,861 $1,034,697
Deposit paid for securities borrowed 419,893 216,458
Bank owned life insurance policy(1) 271,549 259,268
Prepaid FDIC insurance premiums 268,520 —
Accrued interest receivable 203,680 243,071
Real estate owned and repossessed assets 115,677 108,105
Derivative assets 93,397 137,316
Brokerage operational related receivables 72,203 203,262
Reserve fund receivable 48,988 146,308
Third party loan servicing receivable 48,429 47,933
Other investments 45,701 56,022
Other prepaids 31,152 35,220
Other 103,995 105,944
Total other assets $3,165,045 $2,593,604
(1) Represents the cash surrender value.
Other Investments
The Company has investments in low-income housing tax credit partnerships and other limited partnerships.
As of December 31, 2009, the Company had $9.1 million in commitments to fund low income housing tax credit
partnerships and other limited partnerships.
Equity Method Investments
Equity method investments are reported as part of the other investments balance within the other assets line
item on the consolidated balance sheet and consist of the following (dollars in thousands):
December 31,
2009 2008
Arrowpath Fund II, L.P. $15,530 $21,765
MMA Mid-Atlantic Affordable Housing Fund III 3,150 3,478
Other 11,257 11,470
Total equity method investments $29,937 $36,713
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