SCHWAB CHARLES CORP
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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FY2024 · Filed Feb 26, 2025
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Accumulated Other Comprehensive Income
- Accumulated Other Comprehensive Income
AOCI represents cumulative gains and losses that are not reflected in earnings. AOCI balances and the components of other comprehensive income (loss) are as follows:
| Total AOCI | |
|---|---|
| Balance at December 31, 2021 | $(1,109) |
| Available for sale securities: | |
| Net unrealized gain (loss), excluding transfers to held to maturity, net of tax expense (benefit) of $(6,994) | (22,106) |
| Net unrealized loss on securities transferred to held to maturity, net of tax benefit of $4,377 | 13,851 |
| Other reclassifications included in other revenue, net of tax expense (benefit) of $2 | 7 |
| Held to maturity securities: | |
| Net unrealized loss on securities transferred from available for sale, net of tax benefit of $4,377 | (13,851) |
| Amortization of amounts previously recorded upon transfer from available for sale, net of tax expense (benefit) of $165 | 542 |
| Other, net of tax expense (benefit) of $15 | 45 |
| Balance at December 31, 2022 | $(22,621) |
| Available for sale securities: | |
| Net unrealized gain (loss), net of tax expense (benefit) of $886 | 2,653 |
| Other reclassifications included in other revenue, net of tax expense (benefit) of $15 | 46 |
| Held to maturity securities: | |
| Amortization of amounts previously recorded upon transfer from available for sale, net of tax expense (benefit) of $657 | 1,817 |
| Other, net of tax expense (benefit) of $(9) | (26) |
| Balance at December 31, 2023 | $(18,131) |
| Available for sale securities: | |
| Net unrealized gain (loss), net of tax expense (benefit) of $447 | 1,493 |
| Other reclassifications included in other revenue, net of tax expense (benefit) of $9 | 31 |
| Held to maturity securities: | |
| Amortization of amounts previously recorded upon transfer from available for sale, net of tax expense (benefit) of $517 | 1,762 |
| Other, net of tax expense (benefit) of $2 | (3) |
| Balance at December 31, 2024 | $(14,848) |
As of December 31, 2024, the total remaining unamortized loss on securities transferred from AFS to HTM included in AOCI was $9.7 billion net of tax effect ($12.8 billion pre-tax). This loss is being amortized over the remaining lives of the securities, offsetting amortization of the securities’ premiums or discounts, and resulting in no impact to net income.
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