Charles Schwab 2013 Annual Report Download - page 122

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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, 2011 Cost Gains Losses Value
Securities available for sale:
U.S. agency mortgage-backed securities $ 20,666 $ 269 $ 14 $ 20,921
Asset-backed securities 2,638 4 7 2,635
Corporate debt securities 3,592 5 26 3,571
Certificates of deposit 3,623 2 3 3,622
U.S. agency notes 1,795 5 - 1,800
N
o
n
-agency residential mortgage-backed securities 1,130 - 223 907
Commercial paper 225 - - 225
Other securities 273 3 - 276
Total securities available for sale $ 33,942 $ 288 $ 273 $ 33,957
Securities held to maturity:
U.S. agency mortgage-backed securities $ 14,770 $ 430 $ 2 $ 15,198
Other securities 338 3 - 341
Total securities held to maturity $ 15,108 $ 433 $ 2 $ 15,539
The maturities and related weighted-average yields of securities available for sale and securities held to maturity at
December 31, 2013, are as follows:
After 1 year After 5 years
Within through through 10 After
1 year 5 years years 10 years Total
Securities available for sale:
U.S. agency mortgage-backed securities (1) $ - $ 508 $ 4,458 $ 13,679 $ 18,645
Asset-backed securities - 1,219 3,284 10,703 15,206
Corporate debt securities 1,348 7,554 105 - 9,007
U.S. agency notes - 3,896 240 - 4,136
Certificates of deposit 1,826 1,826 - - 3,652
N
o
n
-agency residential mortgage-backed
securities (1) - 4 - 589 593
N
o
n
-agency commercial mortgage-backed
securities (1) - - - 279 279
Other securities 100 - - - 100
Total fair value $ 3,274 $ 15,007 $ 8,087 $ 25,250 $ 51,618
Total amortized cost $ 3,270 $ 15,062 $ 8,041 $ 25,231 $ 51,604
Weighted-average yield (2) 0.86 % 1.01 % 1.11 % 1.20 % 1.11 %
Securities held to maturity:
U.S. agency mortgage-backed securities (1) $ - $ 555 $ 11,985 $ 15,960 $ 28,500
N
o
n
-agency commercial mortgage-backed
securities (1) - - 337 553 890
Other securities 100 - - - 100
Total fair value $ 100 $ 555 $ 12,322 $ 16,513 $ 29,490
Total amortized cost $ 100 $ 550 $ 12,894 $ 16,774 $ 30,318
Weighted-average yield (2) 1.25 % 2.26 % 2.49 % 2.43 % 2.45 %
(1) Mortgage-backed securities have been allocated to 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
securities have the right to prepay their obligations.
(2) The weighted-average yield is computed using the amortized cost at December 31, 2013.