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H&R Block, Inc. | 2015 Form 10-K 41
(dollars in 000s)
Loans
Purchased
from SCC
Loans
Purchased
from Other
Parties Total
Percent
of Total
Delinquency
Rate (30+ Days)
Florida $ 11,538 $ 35,591 $ 47,129 19% 9%
New York 48,969 6,561 55,530 23% 18%
California 21,320 4,999 26,319 11% 40%
Wisconsin 1,098 16,641 17,739 7% 7%
All others 59,708 38,791 98,499 40% 21%
Total $ 142,633 $ 102,583 $ 245,216 100%
A rollforward of HRB Bank's allowance for loss on mortgage loans is as follows:
(dollars in 000s)
Year ended April 30, 2015 2014 2013 2012 2011
Balance as of the beginning of the year $ 11,272 $ 14,314 $ 26,444 $ 90,487 $ 93,535
Provision (10) 8,271 13,250 23,875 35,200
Recoveries 1,393 4,040 3,253 252 272
Charge-offs and transfers (4,769) (15,353) (28,633) (88,170) (38,520)
Balance as of the end of the year $ 7,886 $ 11,272 $ 14,314 $ 26,444 $ 90,487
Ratio of net charge-offs to average loans
outstanding during the year 1.33% 3.74% 6.37% 19.61% 5.96%
DEPOSITS – The following table shows HRB Bank's average deposit balances and the average rate paid on those
deposits for fiscal years 2015, 2014 and 2013:
(dollars in 000s)
Year ended April 30, 2015 2014 2013
Average
Balance
Average
Rate
Average
Balance
Average
Rate
Average
Balance
Average
Rate
Money market and savings $ 53,402 0.42% $ 274,633 0.47% $ 331,819 0.59%
Interest-bearing checking
accounts 1,207 —% 8,881 0.08% 12,027 0.17%
IRAs 296,082 0.15% 310,103 0.20% 322,078 0.91%
Certificates of deposit 2,060 0.82% 14,006 1.31% 69,444 1.08%
352,751 0.19% 607,623 0.35% 735,368 0.77%
Non-interest-bearing deposits 342,414 362,806 330,727
$ 695,165 $ 970,429 $ 1,066,095
RATIOS – The following table shows certain of HRB Bank's key ratios for fiscal years 2015, 2014 and 2013:
Year ended April 30, 2015 2014 2013
Return on average assets 5.0% 3.2% 3.0%
Net return on equity 11.3% 9.7% 10.2%
Equity to assets ratio 33.0% 41.3% 33.9%
SHORT-TERM BORROWINGS – We had no short-term borrowings outstanding from the FHLB as of April 30, 2015,
2014 or 2013, and did not borrow from the FHLB during fiscal years 2015, 2014 or 2013.