eTrade 2011 Annual Report Download - page 73
Download and view the complete annual report
Please find page 73 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
 |
 |
Delinquent Loans
We believe the distinction between loans delinquent 90 to 179 days and loans delinquent 180 days and
greater is important as loans delinquent 180 days and greater have been written down to their expected recovery
value, whereas loans delinquent 90 to 179 days have not (unless they are in process of bankruptcy). We believe
loans delinquent 90 to 179 days is an important measure because these loans are expected to drive the vast
majority of future charge-offs. Additional charge-offs on loans delinquent 180 days and greater are possible if
home prices decline beyond current expectations, but we do not anticipate these charge-offs to be significant,
particularly when compared to the expected charge-offs on loans delinquent 90 to 179 days. We expect the
balances of one- to four-family loans delinquent 180 days and greater to decline over time; however, we expect
the balances to remain at high levels in the near term due to the extensive amount of time it takes to foreclose on
a property in the current real estate market.
The following table shows the comparative data for loans delinquent 90 to 179 days (dollars in millions):
December 31,
2011 2010
One- to four-family $136.2 $226.1
Home equity 99.7 143.0
Consumer and other loans 4.1 4.8
Total loans delinquent 90-179 days(1) $240.0 $373.9
Loans delinquent 90-179 days as a percentage of gross loans receivable 1.82% 2.31%
(1) The decrease in loans delinquent 90-179 days includes the impact of loan modification programs in which borrowers who were 90-179
days past due were made current. Loans modified as TDRs are accounted for as nonaccrual loans at the time of modification and return
to accrual status after six consecutive payments are made in accordance with the modified terms.
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
Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11
Quarter ended
Loans Delinquent 90 to 179 days (dollars in
millions)
One- to four-family Home equity Consumer and other Total
70