Charles Schwab 2013 Annual Report Download - page 119

Download and view the complete annual report

Please find page 119 of the 2013 Charles Schwab 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.

Page out of 134

  • 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

THE CHARLES SCHWAB CORPORATION
Supplemental Financial Data for Charles Schwab Bank (Unaudited)
(Dollars in Millions)
F-3
The following supplemental financial data is consistent with the Securities Exchange Act of 1934, Industry Guide 3 –
Statistical Disclosure by Bank Holding Companies. The accompanying unaudited financial information represents Charles
Schwab Bank (Schwab Bank), which is a subsidiary of The Charles Schwab Corporation (CSC). CSC is a savings and loan
holding company and Schwab Bank is a federal savings bank. The following information excludes intercompany balances
and transactions with CSC and its affiliates.
1. Three-year Net Interest Revenue and Average Balances
For the Year Ended December 31, 2013 2012 2011
Average Average Average Average Average Average
Balance Interest Rate Balance Interest Rate Balance Interest Rate
Assets:
Cash and cash equivalents (1) $ 5,626 $ 15 0.27 % $ 5,575 $ 15 0.27 % $ 4,142 $ 11 0.27 %
Securities available for sale (2) 49,112 557 1.13 % 39,739 583 1.47 % 27,477 456 1.66 %
Securities held to maturity 24,915 610 2.45 % 15,371 397 2.58 % 16,050 492 3.07 %
Loans to banking clients (3) 11,756 329 2.80 % 10,050 309 3.07 % 9,468 310 3.27 %
Loans held for sale - - - 18 1 4.12 % 65 3 4.62 %
Other interest-earning assets 53 2 3.77 % 54 1 1.85 % 50 1 2.00 %
Total interest-earning assets 91,462 1,513 1.65 % 70,807 1,306 1.84 % 57,252 1,273 2.22 %
N
et unrealized gain o
n
securities available for sale 252 275 64
N
oninterest-earning assets 671 566 212
Total Assets $ 92,385 $ 71,648 $ 57,528
Liabilities and Stockholder’s Equity:
Interest-bearing banking deposits $ 85,465 31 0.04 % $ 65,546 42 0.06 % $ 52,701 62 0.12 %
Total sources on which interest is paid 85,465 31 0.04 % 65,546 42 0.06 % 52,701 62 0.12 %
N
oninterest-bearing liabilities 650 577 345
Stockholder's equity 6,270 5,525 4,482
Total Liabilities and Stockholder’s Equity $ 92,385 $ 71,648 $ 57,528
N
et interest revenue $ 1,482 $ 1,264 $ 1,211
N
et yield on interest-earning assets 1.62 % 1.79 % 2.12 %
(1) Includes deposits with banks, short-term investments, and federal funds sold.
(2) Amounts have been calculated based on amortized cost.
(3) Includes average principal balances of nonaccrual loans.