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H&R Block, Inc. | 2015 Form 10-K 39
STATISTICAL DISCLOSURE BY BANK HOLDING COMPANIES
This section presents information required by the SEC's Industry Guide 3, "Statistical Disclosure by Bank Holding
Companies." The tables in this section include HRB Bank information only.
DISTRIBUTION OF ASSETS, LIABILITIES AND SHAREHOLDERS' EQUITY; INTEREST RATES AND INTEREST
DIFFERENTIAL – The following table presents average balance data and interest income and expense data for our
banking operations, as well as the related interest yields and rates for fiscal years 2015, 2014 and 2013:
(dollars in 000s)
Year ended April 30, 2015 2014 2013
Average
Balance
Interest
Income/
Expense
Average
Yield/
Cost
Average
Balance
Interest
Income/
Expense
Average
Yield/
Cost
Average
Balance
Interest
Income/
Expense
Average
Yield/
Cost
Interest-earning assets:
Mortgage loans, net $ 249,586 $ 11,829 4.74% $ 295,619 $ 13,808 4.67% $ 372,339 $ 16,556 4.45%
Federal funds sold 738 1 0.14% 961 1 0.10% 1,192 1 0.08%
Credit cards 12,428 3,788 30.48% 21,600 4,956 22.94% 8,119 3,311 40.78%
Emerald Advance 92,649 32,353 34.92% 88,562 30,289 34.20% 91,338 30,997 33.94%
AFS securities 383,253 8,271 2.16% 457,642 9,504 2.08% 380,055 6,791 1.79%
FHLB stock 1,617 8 0.49% 1,842 9 0.49% 1,879 — —%
Cash and due from
banks 613,008 1,515 0.25% 657,259 1,600 0.24% 690,396 1,601 0.23%
1,353,279 $ 57,765 4.27% 1,523,485 $ 60,167 3.95% 1,545,318 $ 59,257 3.83%
Non-interest-earning
assets 17,383 24,217 27,974
Total HRB Bank assets $ 1,370,662 $ 1,547,702 $ 1,573,292
Interest-bearing
liabilities:
Customer deposits $ 352,751 $ 682 0.19% $ 607,623 $ 2,109 0.35% $ 735,368 $ 5,660 0.77%
Non-interest-bearing
liabilities 407,674 426,897 364,932
Total liabilities 760,425 1,034,520 1,100,300
Total shareholders'
equity 610,237 513,182 472,992
Total liabilities and
shareholders' equity $ 1,370,662 $ 1,547,702 $ 1,573,292
Net yield on interest-
earning assets $ 57,083 4.22% $ 58,058 3.81% $ 53,597 3.47%
The following table presents the rate/volume variance in interest income and expense for the last two fiscal years:
(in 000s)
Year ended April 30, 2015 2014
Total Change
in Interest
Income/Expense
Change
Due to
Rate/Volume
Change
Due to
Rate
Change
Due to
Volume
Total Change
in Interest
Income/Expense
Change
Due to
Rate/Volume
Change
Due to
Rate
Change
Due to
Volume
Interest income:
Loans, net (1) $ (1,083) $ (790) $ 2,784 $ (3,077) $ (1,811) $ (2,603) $ (584) $ 1,376
AFS securities (1,233) (52) 366 (1,547) 2,713 222 1,102 1,389
FHLB stock (1) — — (1) 12 — 12 —
Cash & due from
banks (85) (45) 66 (106) (4) 3 69 (76)
$ (2,402) $ (887) $ 3,216 $ (4,731) $ 910 $ (2,378) $ 599 $ 2,689
Interest expense:
Customer deposits $ (1,427) $ 154 $ (465) $ (1,116) $ (3,551) $ 511 $ (3,085) $ (977)
(1) Includes mortgage loans held for investment, EAs and credit cards. Non-accruing loans have been excluded.