Charles Schwab 2015 Annual Report Download - page 94

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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)
- 74 -
Residential Home equity
real estate loans and
December 31, 2015 mortgages lines of credit
Year of origination
Pre-2011 $ 882 $ 1,934
2011 424 114
2012 1,644 125
2013 2,450 232
2014 1,021 188
2015 1,913 142
Total $ 8,334 $ 2,735
Origination FICO
<620 $ 10 $ -
620 – 679 88 16
680 – 739 1,381 498
>740 6,855 2,221
Total $ 8,334 $ 2,735
Origination LTV
<70% $ 5,913 $ 1,858
>70% – <90% 2,408 860
>90% – <100% 13 17
Total $ 8,334 $ 2,735
Weighted Percent of Loans
Avera
g
e Utilization that are on
December 31, 2014 Balance U
p
dated FICO Rate (1)
N
onaccrual Status
Residential real estate mortgages:
Estimated Current LTV
<70% $ 7,131 774 N/A
0.04 %
>70% – <90% 882 765 N/A
0.50 %
>90% – <100% 61 740 N/A
2.95 %
>100% 53 726 N/A
10.95 %
Total $ 8,127 773 N/A
0.18 %
Home equity loans and lines of credit:
Estimated Current LTV
<70% $ 2,282 773 36 % 0.08 %
>70% – <90% 526 762 48 % 0.34 %
>90% – <100% 81 749 61 % 1.67 %
>100% 66 742 63 % 1.54 %
Total $ 2,955 769 39 % 0.20 %
Pledged asset lines:
Weighted Average LTV
=70% $ 2,320 764 50 % -
(1) The Utilization Rate is calculated using the outstanding balance divided by the associated total line of credit.
N/A Not applicable.