Charles Schwab 2010 Annual Report Download - page 122

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THE CHARLES SCHWAB CORPORATION
Supplemental Financial Data for Charles Schwab Bank (Unaudited)
(Dollars in Millions)
The maturities and related weighted-average yields of securities available for sale and securities held to maturity at
December 31, 2010, are as follows:
December 31, 2008
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
Securities available for sale:
U.S. a
g
enc
y
residential mort
g
a
g
e-backed securities
$8,203
$108
$82
$8,229
Non-a
g
enc
y
residential mort
g
a
g
e-backed securities
3,085
—
862
2,223
U.S. a
g
enc
y
notes
515
2
—
517
Asset-backed securities
866
—
44
822
Cor
p
orate debt securities
1,762
2
31
1,733
Certificates of de
p
osit
925
—
3
922
Total securities available for sale
$15,356
$112
$1,022
$14,446
Securities held to maturity:
Asset-backed securities
$243
$1
$
—
$244
Total securities held to maturit
y
$243
$ 1
$
—
$244
After 1 year After 5 years
Within
1 year
through
5 years
through
10 years
After
10 years Total
Securities available for sale:
U.S. agency residential mortgage-backed
securities
$
—
$
—
$757
$12,341
$13,098
Non-agency residential mortgage-backed
securities
—
—
21
1,449
1,470
U.S. a
g
enc
y
notes
—
2,780
—
—
2,780
Asset-backed securities
—
706
511
1,285
2,502
Cor
p
orate debt securities
711
1,557
—
—
2,268
Certificates of de
p
osit
1,051
824
—
—
1,875
Total fair value
$1,762
$5,867
$1,289
$15,075
$23,993
Total amortized cost
$1,760
$5,833
$1,285
$15,089
$23,967
Wei
g
hted-avera
g
e
y
ield
0.87%
1.11%
1.06%
2.16%
1.75%
Securities held to maturity:
U.S. agency residential mortgage-backed
securities
$
—
$
—
$971
$15,823
$16,794
Asset-backed securities
—
634
77
—
711
Cor
p
orate debt securities
173
170
—
—
343
Total fair value
$173
$804
$1,048
$15,823
$17,848
Total amortized cost
$171
$792
$1,101
$15,698
$17,762
Wei
g
hted-avera
g
e
y
ield
3.14%
2.74%
3.34%
2.83%
2.86%
Residential mortgage-backed securities have been allocated over maturity groupings based on final contractual maturities.
Actual maturities will differ from final contractual maturities because a certain portion of loans underlying these securities
include scheduled
p
rinci
p
al
p
a
y
ments and borrowers have the ri
g
ht to
p
re
p
a
y
obli
g
ations.
F-6
The wei
g
hted-avera
g
e
y
ield is com
p
uted usin
g
the amortized cost at December 31, 2010.
(1)
(1)
(2)
(1)
(2)
(1)
(2)