eTrade 2012 Annual Report Download - page 109
Download and view the complete annual report
Please find page 109 of the 2012 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
-
217
-
218
-
219
-
220
-
221
-
222
-
223
-
224
-
225
-
226
-
227
-
228
-
229
-
230
-
231
-
232
-
233
-
234
-
235
-
236
-
237
-
238
-
239
-
240
-
241
-
242
-
243
-
244
-
245
-
246
-
247
-
248
-
249
-
250
-
251
-
252
-
253
 |
 |
E*TRADE FINANCIAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(In thousands, except share data)
December 31,
2012 2011
ASSETS
Cash and equivalents $ 2,761,494 $ 2,099,839
Cash required to be segregated under federal or other regulations 376,898 1,275,587
Trading securities 101,270 54,372
Available-for-sale securities (includes securities pledged to creditors with the right
to sell or repledge of $2,372,197 and $3,916,927 at December 31, 2012 and
2011, respectively) 13,443,020 15,651,493
Held-to-maturity securities (fair value of $9,910,496 and $6,282,989 at
December 31, 2012 and 2011 respectively; includes securities pledged to
creditors with the right to sell or repledge of $2,944,714 and $2,092,570 at
December 31, 2012 and 2011, respectively) 9,539,948 6,079,512
Margin receivables 5,804,041 4,826,256
Loans receivable, net (net of allowance for loan losses of $480,751 and $822,816 at
December 31, 2012 and 2011, respectively) 10,098,723 12,332,807
Investment in FHLB stock 67,400 140,183
Property and equipment, net 288,170 299,693
Goodwill 1,934,232 1,934,232
Other intangibles, net 260,622 285,805
Other assets 2,710,921 2,960,673
Total assets $47,386,739 $47,940,452
LIABILITIES AND SHAREHOLDERS’ EQUITY
Liabilities:
Deposits $28,392,552 $26,459,985
Securities sold under agreements to repurchase 4,454,661 5,015,499
Customer payables 4,964,922 5,590,858
FHLB advances and other borrowings 1,260,916 2,736,935
Corporate debt 1,764,982 1,493,552
Other liabilities 1,644,236 1,715,673
Total liabilities 42,482,269 43,012,502
Commitments and contingencies (see Note 19)
Shareholders’ equity:
Common stock, $0.01 par value, shares authorized: 400,000,000 at December 31,
2012 and 2011; shares issued and outstanding: 286,114,334 and 285,368,075 at
December 31, 2012 and 2011, respectively 2,861 2,854
Additional paid-in-capital (“APIC”) 7,319,257 7,306,862
Accumulated deficit (2,107,720) (1,995,137)
Accumulated other comprehensive loss (309,928) (386,629)
Total shareholders’ equity 4,904,470 4,927,950
Total liabilities and shareholders’ equity $47,386,739 $47,940,452
See accompanying notes to the consolidated financial statements
106