eTrade 2011 Annual Report Download - page 85

Lending Activities
The following table presents the balance and associated percentage of each major loan category in our
portfolio (dollars in millions):
December 31,
2011 2010 2009 2008 2007
Balance % Balance % Balance % Balance % Balance %
One- to four-family $ 6,615.8 50.7%$ 8,170.3 51.0% $10,567.1 52.4% $12,979.8 51.3% $15,506.9 51.3%
Home equity 5,328.7 40.8 6,410.3 40.0 7,769.7 38.5 10,017.2 39.6 11,901.3 39.4
Consumer and other: 1,113.2 8.5 1,443.4 9.0 1,841.3 9.1 2,298.6 9.1 2,823.3 9.3
Total loans receivable 13,057.7 100.0% 16,024.0 100.0% 20,178.1 100.0% 25,295.6 100.0% 30,231.5 100.0%
Adjustments:
Premiums (discounts) and
deferred fees on loans 97.9 129.1 171.6 236.8 315.5
Allowance for loan losses (822.8) (1,031.2) (1,182.7) (1,080.6) (508.1)
Total adjustments (724.9) (902.1) (1,011.1) (843.8) (192.6)
Loans receivable, net $12,332.8 $15,121.9 $19,167.0 $24,451.8 $30,038.9
The following table shows the contractual maturities of the loan portfolio at December 31, 2011, including
scheduled principal repayments. This table does not, however, include any estimate of prepayments. These
prepayments could significantly shorten the average loan lives and cause the actual timing of the loan repayments
to differ from those shown in the following table (dollars in millions):
Due in (1)
Total< 1 Year 1-5 Years >5 Years
One- to four-family $127.1 $ 573.9 $ 5,914.8 $ 6,615.8
Home equity 220.9 998.9 4,108.9 5,328.7
Consumer and other 144.4 384.2 584.6 1,113.2
Total loans receivable $492.4 $1,957.0 $10,608.3 $13,057.7
(1) Estimated scheduled principal repayments are calculated using weighted-average interest rate and weighted-average remaining maturity
of each loan portfolio.
The following table shows the distribution of those loans that mature in more than one year between fixed
and adjustable interest rate loans at December 31, 2011 (dollars in millions):
Interest Rate Type
Fixed Adjustable Total
One- to four-family $1,500.2 $4,988.5 $ 6,488.7
Home equity 1,138.0 3,969.8 5,107.8
Consumer and other 954.9 13.9 968.8
Total loans receivable $3,593.1 $8,972.2 $12,565.3
Securities
Our portfolio of mortgage-backed and investment securities is classified into three categories: trading,
available-for-sale or held-to-maturity. None of our mortgage-backed or investment securities were classified as
held-to-maturity during 2009.
Our mortgage-backed securities portfolio is primarily composed of:
• Fannie Mae participation certificates, guaranteed by Fannie Mae;
• Freddie Mac participation certificates, guaranteed by Freddie Mac;
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