Charles Schwab 2011 Annual Report Download - page 136

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THE CHARLES SCHWAB CORPORATION
Supplemental Financial Data for Charles Schwab Bank (Unaudited)
(Dollars in Millions)
F-6
Gross Gross
Amortized Unrealized Unrealized Fair
December 31, 2009 Cost Gains Losses Value
Securities available for sale:
U.S. agency residential mortgage-backed securities $ 11,601 $ 199 $ 21 $ 11,779
Non-agency residential mortgage-backed securities 2,460 - 519 1,941
Certificates of deposit 1,950 3 - 1,953
Corporate debt securities 2,368 13 1 2,380
U.S. agency notes 2,975 4 1 2,978
Asset-backed securities 1,077 12 - 1,089
Total securities available for sale $ 22,431 $ 231 $ 542 $ 22,120
Securities held to maturity:
U.S. agency residential mortgage-backed securities $ 5,105 $ 36 $ 27 $ 5,114
Other securities 1,734 32 - 1,766
Total securities held to maturity $ 6,839 $ 68 $ 27 $ 6,880
The maturities and related weighted-average yields of securities available for sale and securities held to maturity at
December 31, 2011, are as follows:
After 1 year After 5 years
Within through through After
1 year 5 years 10 years 10 years Total
Securities available for sale:
U.S. agency residential mortgage-backed securities (1) $ - $ 2 $ 2,950 $ 17,969 $ 20,921
Non-agency residential mortgage-backed securities (1) - - 13 894 907
Certificates of deposit 1,897 1,725 - - 3,622
Corporate debt securities 954 2,517 100 - 3,571
U.S. agency notes - 1,800 - - 1,800
Asset-backed and other securities 225 812 534 1,565 3,136
Total fair value $ 3,076 $ 6,856 $ 3,597 $ 20,428 $ 33,957
Total amortized cost $ 3,076 $ 6,871 $ 3,512 $ 20,483 $ 33,942
Weighted-average yield (2) 1.29% 1.11% 1.83% 1.70% 1.56%
Securities held to maturity:
U.S. agency residential mortgage-backed securities (1) $ - $ - $ 2,581 $ 12,617 $ 15,198
Other securities 117 224 - - 341
Total fair value $ 117 $ 224 $ 2,581 $ 12,617 $ 15,539
Total amortized cost $ 116 $ 222 $ 2,507 $ 12,263 $ 15,108
Weighted-average yield (2) 2.67% 3.00% 2.57% 2.59% 2.60%
(1) Residential mortgage-backed securities have been allocated over maturity groupings based on final contractual
maturities. Actual maturities will differ from final contractual maturities because borrowers on a certain portion of loans
underlying these have the right to prepay their obligations.
(2) The weighted-average yield is computed using the amortized cost at December 31, 2011.