eTrade 2006 Annual Report Download - page 104

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NOTE 7—LOANS, NET
Loans, net are summarized as follows (dollars in thousands):
December 31,
2006 2005
Loans held-for-sale $ 283,496 $ 87,371
Loans receivable, net:
Real estate loans:
One- to four-family 10,870,214 7,091,664
HELOC, HEIL and other 11,809,008 8,106,820
Total real estate loans 22,679,222 15,198,484
Consumer and other loans:
Recreational vehicle 2,292,356 2,692,055
Marine 651,764 752,645
Commercial 219,008 89,098
Credit card 128,583 188,600
Automobile 77,533 235,388
Other 3,706 8,338
Total consumer and other loans 3,372,950 3,966,124
Total loans receivable 26,052,172 19,164,608
Unamortized premiums, net 388,153 323,573
Allowance for loan losses (67,628) (63,286)
Total loans receivable, net 26,372,697 19,424,895
Total loans, net $26,656,193 $19,512,266
In addition to these loans, the Company had commitments to originate, buy and sell loans at
December 31, 2006 (see Note 25—Commitments, Contingencies and Other Regulatory Matters).
The following table shows the percentage of adjustable and fixed-rate loans in the Company’s portfolio
(dollars in thousands):
December 31, 2006 December 31, 2005
$ Amount % of Total $ Amount % of Total
Adjustable rate loans:
Real estate $13,431,079 51.0% $10,972,028 57.0%
Credit card and other 347,591 1.3 277,597 1.4
Total adjustable rate loans 13,778,670 52.3 11,249,625 58.4
Fixed rate loans 12,553,307 47.7 8,002,290 41.6
Total loans $26,331,977 100.0% $19,251,915 100.0%
The weighted-average remaining maturity of mortgage loans secured by one- to four-family residences was
340 and 341 months at December 31, 2006 and 2005, respectively. Additionally, all mortgage loans outstanding
at December 31, 2006 and 2005 in the held-for-investment portfolio were serviced by other companies.
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