HR Block 2015 Annual Report Download - page 47

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40 2015 Form 10-K | H&R Block, Inc.
INVESTMENT PORTFOLIO – The following table presents the cost basis and fair value of HRB Bank's investment
portfolio as of April 30, 2015, 2014 and 2013:
(in 000s)
As of April 30, 2015 2014 2013
Cost Basis Fair Value Cost Basis Fair Value Cost Basis Fair Value
Mortgage-backed securities $ 421,035 $ 434,924 $ 420,697 $ 423,495 $ 476,450 $ 482,378
Federal funds sold 261 261 1,156 1,156 1,169 1,169
FHLB stock 1,466 1,466 1,633 1,633 1,861 1,861
$ 422,762 $ 436,651 $ 423,486 $ 426,284 $ 479,480 $ 485,408
The following table shows the cost basis, scheduled maturities and average yields for HRB Bank's investment
portfolio as of April 30, 2015:
(dollars in 000s)
Less Than One Year 1 - 5 Years 5 - 10 Years After Ten Years Total
Cost
Basis
Balance
Due
Weighted
Average
Yield
Balance
Due
Weighted
Average
Yield
Balance
Due
Weighted
Average
Yield
Balance
Due
Weighted
Average
Yield
Weighted
Average
Yield
Mortgage-
backed
securities $ 421,035 $ — — $ 10,629 0.26% $ 20,567 1.31% $ 389,839 2.16% 2.16%
Federal funds
sold 261 261 0.14% — — — — — — 0.14%
FHLB stock 1,466 1,466 0.49% — — — — — — 0.49%
$ 422,762 $ 1,727 $ 10,629 $ 20,567 $ 389,839
LOAN PORTFOLIO AND SUMMARY OF LOAN LOSS EXPERIENCE – The following table shows the composition of
HRB Bank's mortgage loan portfolio and information on delinquent loans:
(in 000s)
As of April 30, 2015 2014 2013 2012 2011
Residential real estate mortgages $ 245,063 $ 277,253 $ 349,841 $ 428,568 $ 569,610
Home equity lines of credit 153 170 170 174 183
$ 245,216 $ 277,423 $ 350,011 $ 428,742 $ 569,793
Loans and TDRs on non–accrual $ 74,025 $ 79,894 $ 89,230 $ 108,839 $ 155,645
Loans past due 90 days or more 51,303 57,882 74,992 99,044 149,501
Total TDRs 36,610 43,865 55,061 71,949 106,328
Interest income recorded on non-
accrual loans 3,066 3,575 4,025 5,682 6,311
Concentrations of loans to borrowers located in a single state may result in increased exposure to loss as a result
of changes in real estate values and underlying economic or market conditions related to a particular geographical
location. The table below presents outstanding loans by state, for states with a concentration of 5% or greater, for
our portfolio of mortgage loans held for investment as of April 30, 2015: