Charles Schwab 2008 Annual Report Download - page 112

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THE CHARLES SCHWAB CORPORATION
Supplemental Financial Data for Charles Schwab Bank (Unaudited)
(Dollars in Millions)
An analysis of the allowance for credit losses on the loan portfolio is as follows:
December 31, 2008 2007 2006 2005
Balance at beginning of year $ 7 $ 4 $ 3 $ 2
Charge-offs (4) - - -
Recoveries - - - -
Provision for credit loss 17 3 1 1
Balance at end of year $ 20 $ 7 $ 4 $ 3
The maturities of the loan portfolio at December 31, 2008, are as follows:
Within 1-5 Over
1 Year Years 5 Years Total
Residential real estate mortgages (1) $ - $ - $ 3,195 $ 3,195
Home equity lines of credit - 187 2,475 2,662
Secured personal loans - 187 - 187
Other 6 2 10 18
Total $ 6 $ 376 $ 5,680 $ 6,062
(1) Maturities are based upon the contractual terms of the loans.
The interest sensitivity of loans with contractual maturities in excess of one year at December 31, 2008, is as follows:
1-5 Over
Years 5 Years Total
Loans with predetermined interest rates $ 2 $ 748 $ 750
Loans with floating or adjustable interest rates 374 4,932 5,306
Total $ 376 $ 5,680 $ 6,056
5. Summary of Credit Loss on Banking Loans Experience
December 31, 2008 2007 2006 2005
Average loans $ 4,831 $ 2,786 $ 2,162 $ 1,163
Allowance to year end loans .33% .20% .17% .17%
Allowance to nonperforming loans 235% 173% N/M N/M
Nonperforming assets to average loans and real estate owned .179% .143% .031% .041%
N/M Not meaningful.
6. Deposits from Banking Clients
2008
2007 2006
Amount Rate Amount Rate Amount Rate
Analysis of average daily deposits:
Certificates of deposits of $100,000 or more $ - - $ - - $ - -
Money market and other savings deposits 19,203 0.54% 12,047 1.98% 9,137 2.19%
Total deposits $ 19,203 $ 12,047 $ 9,137
At December 31, 2008, the Company had one certificate of deposit of $100,000 or more, in the amount of $104,000, with a
contractual maturity of three months or less.
F-7