eTrade 2012 Annual Report Download - page 135
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Investments with Unrecognized or Unrealized Losses
The following tables show the fair value and unrealized or unrecognized losses on available-for-sale and
held-to-maturity securities, aggregated by investment category, and the length of time that individual securities
have been in a continuous unrealized or unrecognized loss position at December 31, 2012 and 2011 (dollars in
thousands):
Less than 12 Months 12 Months or More Total
Fair Value
Unrealized /
Unrecognized
Losses Fair Value
Unrealized /
Unrecognized
Losses Fair Value
Unrealized /
Unrecognized
Losses
December 31, 2012:
Available-for-sale securities:
Residential mortgage-backed securities:
Agency mortgage-backed securities and
CMOs $2,588,947 $(16,680) $ 16,337 $ (112) $2,605,284 $ (16,792)
Non-agency CMOs — — 198,635 (29,263) 198,635 (29,263)
Investment securities:
Agency debentures 62,786 (428) — — 62,786 (428)
Corporate bonds — — 4,455 (1,023) 4,455 (1,023)
Total temporarily impaired available-for-
sale securities $2,651,733 $(17,108) $ 219,427 $(30,398) $2,871,160 $ (47,506)
Held-to-maturity securities:
Residential mortgage-backed securities:
Agency mortgage-backed securities and
CMOs $1,240,008 $ (6,937) $ 2,427 $ (240) $1,242,435 $ (7,177)
Agency debt securities 84 (1) — — 84 (1)
Total temporarily impaired held-to-maturity
securities $1,240,092 $ (6,938) $ 2,427 $ (240) $1,242,519 $ (7,178)
December 31, 2011:
Available-for-sale securities:
Residential mortgage-backed securities:
Agency mortgage-backed securities and
CMOs $1,314,331 $ (4,014) $ 647,144 $ (5,949) $1,961,475 $ (9,963)
Non-agency CMOs 4,336 (355) 321,932 (83,991) 326,268 (84,346)
Investment securities:
Agency debentures 731,280 (11,966) — — 731,280 (11,966)
Agency debt securities 37,296 (498) — — 37,296 (498)
Municipal bonds — — 20,598 (1,517) 20,598 (1,517)
Corporate bonds — — 17,685 (7,672) 17,685 (7,672)
Total temporarily impaired available-for-
sale securities $2,087,243 $(16,833) $1,007,359 $(99,129) $3,094,602 $(115,962)
Held-to-maturity securities:
Residential mortgage-backed securities:
Agency mortgage-backed securities and
CMOs $ 343,340 $ (1,192) $ 42,445 $ (353) $ 385,785 $ (1,545)
Total temporarily impaired held-to-maturity
securities $ 343,340 $ (1,192) $ 42,445 $ (353) $ 385,785 $ (1,545)
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