eTrade 2010 Annual Report Download - page 72
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The following table shows the comparative data for loans delinquent 90 to 179 days (dollars in millions):
December 31,
2010 2009
One- to four-family $ 226.1 $ 386.8
Home equity 143.0 194.6
Consumer and other loans 4.8 6.1
Total loans delinquent 90-179 days $ 373.9 $ 587.5
Loans delinquent 90-179 days as a percentage of gross loans receivable 2.31% 2.89%
The following graph shows the loans delinquent 90 to 179 days for each of our major loan categories:
Loans Delinquent 90 to 179 days Trend
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
Q1 09 Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10
Quarter ended
Loans Delinquent 90 to 170 days (dollars in
millions)
One- to four-family Home equity Consumer and other Total
In addition to nonperforming assets, we monitor loans in which a borrower’s past credit history casts doubt
on their ability to repay a loan (“special mention” loans). We classify loans as special mention when they are
between 30 and 89 days past due. The following table shows the comparative data for special mention loans
(dollars in millions):
December 31,
2010 2009
One- to four-family $ 388.6 $ 527.9
Home equity 175.6 246.2
Consumer and other loans 25.2 30.4
Total special mention loans $ 589.4 $ 804.5
Special mention loans receivable as a percentage of gross loans receivable 3.65% 3.95%
The trend in special mention loan balances are generally indicative of the expected trend for charge-offs in
future periods, as these loans have a greater propensity to migrate into nonaccrual status and ultimately charge-
off. One- to four-family loans are generally secured in a first lien position by real estate assets, reducing the
potential loss when compared to an unsecured loan. Our home equity loans are generally secured by real estate
assets; however, the majority of these loans are secured in a second lien position, which substantially increases
the potential loss when compared to a first lien position.
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