(3) The Tier 1 common ratio at E*TRADE Financial is a Q312 estimate and is a non-GAAP measure. Management believes this ratio is an important measure of the Company's capital strength. The Tier 1 common ratio is calculated as follows (dollars in thousands):
|Q3 2012||Q2 2012||Q3 2011|
|Losses in OCI on AFS debt securities and cash flow hedges, net of tax||(307,587||)||(343,238||)||(378,676||)|
|Goodwill and other intangible assets, net of deferred tax liabilities||1,897,547||1,914,018||1,975,293|
|Disallowed servicing assets and deferred tax assets||1,267,471||1,304,810||1,312,423|
|Tier 1 common||$||2,236,423||$||2,204,019||$||2,037,175|
|Total risk-weighted assets||$||20,606,671||$||21,696,165||$||21,998,899|
|Tier 1 common ratio (Tier 1 common / Total risk-weighted assets)||10.9||%||10.2||%||9.3||%|
(4) In Q112, the Company transitioned from reporting under the OTS reporting requirements to reporting under the OCC reporting requirements. The Tier 1 leverage ratio in this release is the OCC Tier 1 leverage ratio for Q312 and Q212 and the OTS Tier 1 capital ratio previously reported for Q311. The OTS Tier 1 capital ratio and OCC Tier 1 leverage ratio are both calculated using total adjusted assets.
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