eTrade 2012 Annual Report Download - page 146

The Company considers modifications that become 30 days past due to have experienced a payment default.
The following table shows the recorded investment of modifications at December 31, 2012 and 2011 that
experienced a payment default within 12 months after the modification for the years ended December 31, 2012
and 2011 (dollars in thousands):
Year Ended December 31,
2012 2011
Number of
Loans
Recorded
Investment
Number of
Loans
Recorded
Investment
One- to four-family(1) 260 $100,182 310 $126,172
Home equity(2) 367 17,809 866 65,331
Total 627 $117,991 1,176 $191,503
(1) As of the year ended December 31, 2012 and 2011, $28.1 million and $34.1 million, respectively, of the recorded investment in one- to
four-family loans that had a payment default in the trailing 12 months were classified as current.
(2) As of the year ended December 31, 2012 and 2011, $5.8 million and $17.2 million, respectively, of the recorded investment in home
equity loans that had a payment default in the trailing 12 months were classified as current.
The delinquency status is the primary measure the Company uses to evaluate the performance of TDR loan
modifications. The following table shows the TDR loan modifications by delinquency category as of
December 31, 2012 and 2011 (dollars in thousands):
Modifications
Current
Modifications
30-89 Days
Delinquent
Modifications
90-179 Days
Delinquent
Modifications
180+ Days
Delinquent
Recorded
Investment in
Modifications
December 31, 2012
One- to four-family $ 838,020 $105,142 $43,905 $79,102 $1,066,169
Home equity 195,021 15,107 6,173 7,118 223,419
Total $1,033,041 $120,249 $50,078 $86,220 $1,289,588
December 31, 2011
One- to four-family $ 767,303 $ 88,195 $33,224 $84,231 $ 972,953
Home equity 351,609 51,433 34,472 8,425 445,939
Total $1,118,912 $139,628 $67,696 $92,656 $1,418,892
143