eTrade 2009 Annual Report Download - page 71
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Net charge-offs for the year ended December 31, 2009 compared to 2008 increased by $384.7 million. The
overall increase was primarily due to higher net charge-offs on our one- to four-family loans and home equity
loans, which were driven mainly by the same factors as described above. We believe net charge-offs will decline
in future periods when compared to the level of charge-offs in the three months ended December 31, 2009 as a
result of our decline in special mention delinquencies, which is discussed below. The following graph illustrates
the net charge-offs by quarter:
Net charge-offs Trend
$0
$50
$100
$150
$200
$250
$300
$350
$400
$450
Q1 08 Q2 08 Q3 08 Q4 08 Q1 09 Q2 09 Q3 09 Q4 09
Quarter ended
Net charge-offs (dollars in millions)
One- to four-family Home equity Consumer and other Total
68