eTrade 2010 Annual Report Download - page 70
Download and view the complete annual report
Please find page 70 of the 2010 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.-
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
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
 |
 |
which is discussed below. However, because the timing and magnitude of the improvement is affected by many
factors, we anticipate variability in any one quarter while continuing to see a downward trend over the long term.
The following graph illustrates the net charge-offs by quarter:
Net charge-offs Trend
$0
$50
$100
$150
$200
$250
$300
$350
$400
$450
Q1 09 Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10
Quarter ended
Net charge-offs (dollars in millions)
One- to four-family Home equity Consumer and other Total
Nonperforming Assets
We classify loans as nonperforming when they are 90 days past due. The following table shows the
comparative data for nonperforming loans and assets (dollars in millions):
Year Ended December 31,
2010 2009 2008 2007 2006
One- to four-family $ 1,011.2 $ 1,229.7 $ 593.1 $ 181.3 $ 33.6
Home equity 194.7 250.6 341.2 229.5 32.2
Consumer and other 5.5 6.7 7.8 7.6 8.9
Total nonperforming loans 1,211.4 1,487.0 942.1 418.4 74.7
Real estate owned (“REO”) and other repossessed assets, net 133.5 115.7 108.1 45.9 12.9
Total nonperforming assets, net $ 1,344.9 $ 1,602.7 $1,050.2 $ 464.3 $ 87.6
Nonperforming loans receivable as a percentage of gross
loans receivable 7.50% 7.31% 3.69% 1.37% 0.28%
One- to four-family allowance for loan losses as a
percentage of one- to four-family nonperforming loans 38.53% 39.84% 31.22% 10.39% 23.10%
Home equity allowance for loan losses as a percentage of
home equity nonperforming loans 295.91% 247.46% 244.34% 200.05% 98.31%
Consumer and other allowance for loan losses as a
percentage of consumer and other nonperforming loans 1194.56% 1082.29% 790.72% 396.71% 316.61%
Total allowance for loan losses as a percentage of total
nonperforming loans 85.12% 79.54% 114.70% 121.44% 90.52%
67