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Table of Contents
Index to Financial Statements
In addition to these loans receivable, net, the Company had commitments to originate, buy and sell loans at December 31, 2004 (see Note
26).
Approximately 45% and 42% of the Company’s real estate loans were concentrated in California at December 31, 2004 and 2003,
respectively. No other state had concentrations of real estate loans that represented 10% or more of the Company’s real estate portfolio.
The following table shows the percentage of adjustable and fixed-rate loans in the Company’s portfolio (dollars in thousands):
The weighted-average remaining maturity of mortgage loans secured by one- to four-family residences was 340 months and 334 months
at December 31, 2004 and 2003, respectively. Additionally, all mortgage loans outstanding at December 31, 2004 and 2003 in the held-for-
investment portfolio were serviced by other companies.
85
December 31, 2003
Held-for-
Investment
Held-for-
Sale
Total
Loans
Real estate loans:
One
-
to four
-
family
$
2,289,196
$
966,334
$
3,255,530
Home equity lines of credit and second mortgage
1,511,452
315
1,511,767
Other
12,351
97
12,448
Total real estate loans
3,812,999
966,746
4,779,745
Consumer and other loans:
Recreational vehicle
2,263,606
21,845
2,285,451
Marine
625,484
2,491
627,975
Automobile
1,162,339
—
1,162,339
Credit card
113,434
—
113,434
Other
15,956
262
16,218
Total consumer and other loans
4,180,819
24,598
4,205,417
Total loans
7,993,818
991,344
8,985,162
Unamortized premiums, net
174,935
9,143
184,078
Allowance for loan losses
(37,847
)
—
(
37,847
)
Total
$
8,130,906
$
1,000,487
$
9,131,393
December 31, 2004
December 31, 2003
$ Amount
% of Loans
$ Amount
% of Loans
Adjustable rate loans:
Real estate
$
6,839,796
58.79
%
$
3,317,262
36.92
%
Credit card and other
1.77
113,434
1.26
Total adjustable rate loans
7,045,835
60.56
3,430,696
38.18
Fixed rate loans
4,588,254
39.44
5,554,466
61.82
Total loans
$
11,634,089
100.00
%
$
8,985,162
100.00
%