Charles Schwab 2015 Annual Report Download - page 95
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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)
- 75 -
Residential Home equity
real estate loans and
December 31, 2014 mortgages lines of credit
Year of origination
Pre-2011 $ 1,119 $ 2,244
2011 588 137
2012 2,107 147
2013 3,047 250
2014 1,266 177
Total $ 8,127 $ 2,955
Origination FICO
<620 $ 10 $ -
620 – 679 97 18
680 – 739 1,366 549
>740 6,654 2,388
Total $ 8,127 $ 2,955
Origination LTV
<70% $ 5,572 $ 1,979
>70% – <90% 2,538 955
>90% – <100% 17 21
Total $ 8,127 $ 2,955
7. Equipment, Office Facilities, and Property
Equipment, office facilities, and property are detailed below:
December 31, 2015 2014
Software $ 1,183 $ 1,281
Buildings 771 673
Leasehold improvements 322 310
Information technology equipment 273 257
Furniture and equipment 177 154
Telecommunications equipment 78 83
Construction in progress 18 64
Land 110 107
Total equipment, office facilities, and property 2,932 2,929
Accumulated depreciation and amortization (1,787) (1,890)
Total equipment, office facilities, and property – net $ 1,145 $ 1,039
Depreciation and amortization expense for equipment, office facilities, and property was $179 million, $155 million,
$154 million in 2015, 2014, and 2013, respectively.