It is important to note these metrics and other non-GAAP measures may involve judgment by management and should be considered in addition to, not as a substitute for, or superior to, net income (loss), consolidated statements of cash flows, or other measures of financial performance prepared in accordance with GAAP. For additional information on the adjustments to these non-GAAP measures, please see the Company’s financial statements and “Management’s Discussion and Analysis of Results of Operations and Financial Condition” that will be included in the periodic report the Company expects to file with the SEC with respect to the financial periods discussed herein.


(1) The annualized growth rate for net new brokerage assets is calculated by annualizing net new brokerage assets during the current period divided by the sum of security holdings, customer payables (cash), customer cash balances held by third parties and sweep deposits for the previous period end.

(2) The following table provides a reconciliation for the calculation of the total provision for loan losses including the additional $50 million that was recognized as a result of the Company receiving new bankruptcy data from third party servicers (dollars in thousands):
            Q3 2012     Q2 2012     Q3 2011
Provision for loan losses $ 91,419     $ 67,261     $ 98,384
Additional charge-offs for bankrupt loans   49,600       -       -
Total provision for loan losses $ 141,019     $ 67,261     $ 98,384

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