Loans to Banking Clients and Related Allowance for Loan Losses (Tables)

3 Months Ended

Mar. 31, 2014

Loans to Banking Clients and Related Allowance for Loan Losses [Abstract]

Composition of Loans to Banking Clients by Loan Segment

	March 31,		December 31,
	2014		2013
Residential real estate mortgages	$	8,050	$	8,006
Home equity lines of credit		3,018		3,041
Personal loans secured by securities		1,536		1,384
Other		35		36
Total loans to banking clients (1)		12,639		12,467
Allowance for loan losses		(48)		(48)
Total loans to banking clients – net	$	12,591	$	12,419

(1) All loans are evaluated for impairment by loan segment.

Changes in Allowance for Loan Losses

Three Months Ended	March 31, 2014							March 31, 2013
	Residential							Residential
	real estate		Home equity					real estate		Home equity
	mortgages		lines of credit			Total		mortgages		lines of credit			Total
Balance at beginning of period	$	34		$	14	$	48	$	36		$	20	$	56
Charge-offs		(1)			(1)		(2)		(2)			(2)		(4)
Recoveries		-			1		1		1			-		1
Provision for loan losses		-			1		1		5			1		6
Balance at end of period	$	33		$	15	$	48	$	40		$	19	$	59

Delinquency Analysis by Loan Class

							>90 days past
			30-59 days		60-89 days		due and other			Total		Total
March 31, 2014	Current		past due		past due		nonaccrual loans			past due		loans
Residential real estate mortgages:
First mortgages	$	7,856	$	6	$	2		$	25	$	33	$	7,889
Purchased first mortgages		155		1		-			5		6		161
Home equity lines of credit		3,004		3		1			10		14		3,018
Personal loans secured by securities		1,533		3		-			-		3		1,536
Other		35		-		-			-		-		35
Total loans to banking clients	$	12,583	$	13	$	3		$	40	$	56	$	12,639

							>90 days past
			30-59 days		60-89 days		due and other			Total		Total
December 31, 2013	Current		past due		past due		nonaccrual loans			past due		loans
Residential real estate mortgages:
First mortgages	$	7,808	$	3	$	4		$	30	$	37	$	7,845
Purchased first mortgages		154		1		-			6		7		161
Home equity lines of credit		3,025		2		2			12		16		3,041
Personal loans secured by securities		1,384		-		-			-		-		1,384
Other		36		-		-			-		-		36
Total loans to banking clients	$	12,407	$	6	$	6		$	48	$	60	$	12,467

Credit Quality of Residential Real Estate Mortgages and HELOCs by Reviewing FICO Scores at Origination, Current FICO Scores, Loan-To-Value Ratio

		Residential real estate mortgages
	First			Purchased					Home equity
March 31, 2014	mortgages			first mortgages			Total		lines of credit
Year of origination
Pre-2010		$	818		$	53	$	871		$	2,246
2010			479			7		486			189
2011			694			36		730			151
2012			2,333			26		2,359			157
2013			3,304			36		3,340			239
2014			261			3		264			36
Total		$	7,889		$	161	$	8,050		$	3,018
Origination FICO
<620		$	10		$	1	$	11		$	1
620 – 679			94			13		107			19
680 – 739			1,361			32		1,393			571
>740			6,424			115		6,539			2,427
Total		$	7,889		$	161	$	8,050		$	3,018
Updated FICO
<620		$	54		$	5	$	59		$	38
620 – 679			188			8		196			111
680 – 739			1,017			27		1,044			447
>740			6,630			121		6,751			2,422
Total		$	7,889		$	161	$	8,050		$	3,018
Origination LTV
<70%		$	5,352		$	111	$	5,463		$	2,017
>70% – <90%			2,521			45		2,566			977
>90% – <100%			16			5		21			24
Total		$	7,889		$	161	$	8,050		$	3,018

			Weighted				Percent of Loans
			Average		Utilization		that are on
March 31, 2014	Balance		Updated FICO		Rate (1)		Nonaccrual Status
Residential real estate mortgages:
Estimated Current LTV
<70%	$	6,742		776	N/A			0.06	%
>70% – <90%		1,140		765	N/A			0.28	%
>90% – <100%		77		739	N/A			2.53	%
>100%		91		728	N/A			11.43	%
Total	$	8,050		774	N/A			0.24	%
Home equity lines of credit:
Estimated Current LTV
<70%	$	2,146		774	36	%		0.06	%
>70% – <90%		651		764	47	%		0.28	%
>90% – <100%		116		754	59	%		0.47	%
>100%		105		743	61	%		2.23	%
Total	$	3,018		770	39	%		0.20	%

(1) The Utilization Rate is calculated using the outstanding HELOC balance divided by the associated total line of credit.

N/A Not applicable.

		Residential real estate mortgages
	First			Purchased					Home equity
December 31, 2013	mortgages			first mortgages			Total		lines of credit
Year of origination
Pre-2010		$	859		$	55	$	914		$	2,304
2010			503			7		510			191
2011			733			38		771			155
2012			2,403			26		2,429			162
2013			3,347			35		3,382			229
Total		$	7,845		$	161	$	8,006		$	3,041
Origination FICO
<620		$	10		$	1	$	11		$	-
620 – 679			96			14		110			20
680 – 739			1,352			32		1,384			576
>740			6,387			114		6,501			2,445
Total		$	7,845		$	161	$	8,006		$	3,041
Updated FICO
<620		$	50		$	5	$	55		$	42
620 – 679			209			10		219			106
680 – 739			1,012			29		1,041			453
>740			6,574			117		6,691			2,440
Total		$	7,845		$	161	$	8,006		$	3,041
Origination LTV
<70%		$	5,306		$	110	$	5,416		$	2,040
>70% – <90%			2,523			45		2,568			977
>90% – <100%			16			6		22			24
Total		$	7,845		$	161	$	8,006		$	3,041

			Weighted				Percent of Loans
			Average		Utilization		that are on
December 31, 2013	Balance		Updated FICO		Rate (1)		Nonaccrual Status
Residential real estate mortgages:
Estimated Current LTV
<70%	$	6,649		775	N/A			0.05	%
>70% – <90%		1,181		763	N/A			0.34	%
>90% – <100%		86		732	N/A			4.77	%
>100%		90		730	N/A			10.50	%
Total	$	8,006		772	N/A			0.26	%
Home equity lines of credit:
Estimated Current LTV
<70%	$	2,127		773	36	%		0.13	%
>70% – <90%		664		762	48	%		0.22	%
>90% – <100%		127		752	59	%		1.22	%
>100%		123		743	63	%		1.34	%
Total	$	3,041		769	39	%		0.24	%

(1) The Utilization Rate is calculated using the outstanding HELOC balance divided by the associated total line of credit.

N/A Not applicable.