eTrade 2011 Annual Report Download - page 72
Download and view the complete annual report
Please find page 72 of the 2011 eTrade annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62 -
63 -
64 -
65 -
66 -
67 -
68 -
69 -
70 -
71 -
72 -
73 -
74 -
75 -
76 -
77 -
78 -
79 -
80 -
81 -
82 -
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
 |
 |
Nonperforming Assets
We classify loans as nonperforming when they are no longer accruing interest, which includes loans that are
90 days past due and TDRs that are on nonaccrual status for all classes of loans. The following table shows the
comparative data for nonperforming loans and assets (dollars in millions):
December 31,
2011 2010(1) 2009(1) 2008(1) 2007(1)
One- to four-family $ 930.2 $ 1,256.2 $ 1,335.9 $ 593.1 $ 181.3
Home equity 281.4 360.8 430.2 341.2 229.5
Consumer and other 4.5 5.5 6.7 7.8 7.6
Total nonperforming loans 1,216.1 1,622.5 1,772.8 942.1 418.4
Real estate owned (“REO”) and other repossessed
assets, net 87.6 133.5 115.7 108.1 45.9
Total nonperforming assets, net $ 1,303.7 $ 1,756.0 $ 1,888.5 $1,050.2 $ 464.3
Nonperforming loans receivable as a percentage of
gross loans receivable 9.24% 10.04% 8.71% 3.69% 1.37%
One- to four-family allowance for loan losses as a
percentage of one- to four-family nonperforming
loans 33.78% 31.01% 36.67% 31.22% 10.39%
Home equity allowance for loan losses as a percentage
of home equity nonperforming loans 164.64% 159.67% 144.15% 244.34% 200.05%
Consumer and other allowance for loan losses as a
percentage of consumer and other nonperforming
loans 1000.46% 1194.56% 1082.29% 790.72% 396.71%
Total allowance for loan losses as a percentage of total
nonperforming loans 67.66% 63.56% 66.73% 114.70% 121.44%
(1) Nonperforming loans have been represented to include loans that are 90 days past due and TDRs that are on nonaccrual status for all
classes of loans.
During the year ended December 31, 2011, nonperforming assets, net decreased $452.3 million to $1.3
billion when compared to December 31, 2010. This was attributed primarily to a decrease in nonperforming one-
to four-family loans of $326.0 million and home equity loans of $79.4 million for the year ended December 31,
2011 when compared to 2010.
The following graph illustrates the nonperforming loans by quarter:
Nonperforming Loans Trend
$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
$2,000
$1,800
$1,600
Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11
Quarter ended
Nonperforming loans (dollars in millions)
One- to four-family Home equity Consumer and other Total
69