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Segment Information
 3 Months Ended
Mar. 31, 2014
Segment Information [Abstract]  
Segment Information

10.Segment Information

 

The Company’s two reportable segments are Investor Services and Advisor Services. The Company structures its operating segments according to its clients and the services provided to those clients. The Investor Services segment provides retail brokerage and banking services to individual investors, retirement plan services, and corporate brokerage services. The Advisor Services segment provides custodial, trading, and support services to independent investment advisors, and retirement business services to independent retirement plan advisors and recordkeepers whose plan assets are held at Schwab Bank. Revenues and expenses are allocated to the Company’s two segments based on which segment services the client.

 

The Company evaluates the performance of its segments on a pre-tax basis, excluding extraordinary or significant non-recurring items and results of discontinued operations. Segment assets and liabilities are not used for evaluating segment performance or in deciding how to allocate resources to segments. There are no revenues from transactions between the segments.

 

Financial information for the Company’s reportable segments is presented in the following table:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

Investor Services

 

Advisor Services

 

Unallocated

 

Total

Three Months Ended March 31,

2014

 

2013

 

2014

 

2013

 

2014

 

2013

 

2014

 

2013

Net Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset management and administration fees

$
428 

  

$
387 

  

$
183 

  

$
165 

  

$

 -

  

$

 -

  

$
611 

  

$
552 

Net interest revenue

 
495 

  

 
413 

  

 
58 

  

 
56 

  

 

 -

  

 

 -

  

 
553 

  

 
469 

Trading revenue

 
171 

  

 
149 

  

 
76 

  

 
74 

  

 

 -

 

 

 -

  

 
247 

  

 
223 

Other

 
51 

  

 
42 

  

 
17 

  

 
14 

  

 

 -

  

 

 -

  

 
68 

  

 
56 

Provision for loan losses

 
(1)

 

 
(5)

 

 

 -

 

 
(1)

 

 

 -

  

 

 -

  

 
(1)

 

 
(6)

Net impairment losses on securities

 

 -

 

 
(4)

 

 

 -

 

 

 -

 

 

 -

  

 

 -

  

 

 -

 

 
(4)

Total net revenues

 
1,144 

  

 
982 

  

 
334 

  

 
308 

  

 

 -

  

 

 -

  

 
1,478 

  

 
1,290 

Expenses Excluding Interest

 
738 

  

 
751 

  

 
218 

  

 
208 

  

 

 -

  

 

 -

 

 
956 

  

 
959 

Income before taxes on income

$
406 

  

$
231 

  

$
116 

  

$
100 

  

$

 -

  

$

 -

  

$
522 

  

$
331 

Taxes on income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
196 

  

 
125 

Net Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$
326 

 

$
206