Charles Schwab 2013 Annual Report Download - page 80
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THE CHARLES SCHWAB CORPORATION
Notes to Consolidated Financial Statements
(Tabular Amounts in Millions, Except Per Share Data, Option Price Amounts, Ratios, or as Noted)
- 69 -
Residential real estate mortgages
First Purchased Home equity
December 31, 2012 mortgages first mortgages Total lines of credit
Year of origination
Pre-2009 $ 867 $ 62 $ 929 $ 2,338
2009 305 6 311 338
2010 909 12 921 249
2011 1,270 53 1,323 198
2012 2,997 26 3,023 164
Total $ 6,348 $ 159 $ 6,507 $ 3,287
Origination FICO
<620 $ 10 $ 1 $ 11 $ -
620 – 679 98 16 114 23
680 – 739 1,141 40 1,181 633
>740 5,099 102 5,201 2,631
Total $ 6,348 $ 159 $ 6,507 $ 3,287
Updated FICO
<620 $ 54 $ 6 $ 60 $ 49
620 – 679 191 13 204 117
680 – 739 940 34 974 510
>740 5,163 106 5,269 2,611
Total $ 6,348 $ 159 $ 6,507 $ 3,287
Origination LTV
<70% $ 4,189 $ 97 $ 4,286 $ 2,225
>70% – <90% 2,142 54 2,196 1,036
>90% – <100% 17 8 25 26
Total $ 6,348 $ 159 $ 6,507 $ 3,287
Percent of Loans
tha
t
are 90+ Days
Past Due and
Weighted Less tha
n
90 Days
Average Utilization Past Due but on
December 31, 2012 Balance Updated FICO Rate
(
1
)
N
onaccrual Status
Residential real estate mortgages:
Estimated Current LTV
<70% $ 4,162 772
N/A 0.05 %
>70% – <90% 1,841 764
N/A 0.22 %
>90% – <100% 168 750
N/A 0.51 %
>100% 336 741
N/A 5.34 %
Total $ 6,507 768
N/A 0.38 %
Home equity lines of credit:
Estimated Current LTV
<70% $ 1,559 773 36 % 0.14 %
>70% – <90% 1,020 766 46 % 0.18 %
>90% – <100% 267 759 54 % 0.44 %
>100% 441 753 59 % 1.06 %
Total $ 3,287 767 42 % 0.31 %
(1) The Utilization Rate is calculated using the outstanding HELOC balance divided by the associated total line of credit.
N/A Not applicable.