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E*TRADE Financial Corporation Reports Monthly Activity For February 2013; Provides Updates To Its Loan Delinquencies

(2) Net new customer assets are total inflows to all new and existing customer accounts less total outflows from all closed and existing customer accounts. The net new banking assets and net new brokerage assets metrics treat asset flows between E*TRADE entities in the same manner as unrelated third party accounts.

Loan Delinquency Data

    Feb-13     Jan-13     Dec-12    

% Chg. Feb 13 - Jan 13

   

% Chg. Jan 13 - Dec 12

   

% Chg. Feb 13 - Dec 12

One- to Four-Family ($MM)

 
Current $ 4,734 $ 4,799 $ 4,858 (1 )% (1 )% (3 )%
30-89 days delinquent 211 216 233 (2 )% (7 )% (9 )%
90-179 days delinquent   93   100   95 (7 )% 5 % (2 )%
Total 30-179 days delinquent 304 316 328 (4 )% (4 )% (7 )%
180+ days delinquent   272   274   279 (1 )% (2 )% (3 )%
Total delinquent loans (1)   576   590   607 (2 )% (3 )% (5 )%
Gross loans receivable (2) $ 5,310 $ 5,389 $ 5,465 (1 )% (1 )% (3 )%
 

Home Equity ($MM)

 
Current $ 3,947 $ 4,004 $ 4,065 (1 )% (2 )% (3 )%
30-89 days delinquent 84 85 90 (1 )% (6 )% (7 )%
90-179 days delinquent   57   60   64 (5 )% (6 )% (11 )%
Total 30-179 days delinquent 141 145 154 (3 )% (6 )% (8 )%
180+ days delinquent   42   41   41 2 % 0 % 2 %
Total delinquent loans (1)   183   186   195 (2 )% (5 )% (6 )%
Gross loans receivable (2) $ 4,130 $ 4,190 $ 4,260 (1 )% (2 )% (3 )%
 

Consumer and Other ($MM)

 
Current $ 791 $ 812 $ 829 (3 )% (2 )% (5 )%
30-89 days delinquent 17 17 19 0 % (11 )% (11 )%
90-179 days delinquent   4   5   6 (20 )% (17 )% (33 )%
Total 30-179 days delinquent 21 22 25 (5 )% (12 )% (16 )%
180+ days delinquent   -   -   - N.M. N.M. N.M.
Total delinquent loans   21   22   25 (5 )% (12 )% (16 )%
Gross loans receivable (2) $ 812 $ 834 $ 854 (3 )% (2 )% (5 )%
 

Total Loans Receivable ($MM)

 
Current $ 9,472 $ 9,615 $ 9,752 (1 )% (1 )% (3 )%
30-89 days delinquent 312 318 342 (2 )% (7 )% (9 )%
90-179 days delinquent   154   165   165 (7 )% 0 % (7 )%
Total 30-179 days delinquent 466 483 507 (4 )% (5 )% (8 )%
180+ days delinquent   314   315   320 (0 )% (2 )% (2 )%
Total delinquent loans (1)   780   798   827 (2 )% (4 )% (6 )%
Total gross loans receivable (2) $ 10,252 $ 10,413 $ 10,579 (2 )% (2 )% (3 )%

(1) Delinquent loans include charge-offs for loans that are in bankruptcy or are 180 days past due which have been written down to their expected recovery value.

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