| Dec'12 | Dec'11 | Dec'10 | Dec'09 | ||
|---|---|---|---|---|---|
Principal transactions | |||||
2,306 | 5,876 | 7,092 | 5,121 | ||
Commissions | |||||
5,079 | 5,698 | 5,760 | 6,008 | ||
Managed account and other fee-based revenues | |||||
5,427 | 5,203 | 4,516 | 4,317 | ||
Investment banking | |||||
4,914 | 5,179 | 5,313 | 5,558 | ||
(Loss) earnings from equity method investments | |||||
285 | 347 | 898 | 1,679 | ||
Intercompany service fee revenue from Bank of America | |||||
986 | 944 | 329 | 200 | ||
Other revenues | |||||
1,929 | 1,808 | 4,473 | 3,622 | ||
Total other-than-temporary impairment losses | |||||
6 | 69 | 174 | 660 | ||
Less: Portion of other-than-temporary impairment losses recognized in other comprehensive income | |||||
0 | -10 | -2 | -4 | ||
Subtotal | |||||
20,920 | 24,996 | 28,209 | 25,849 | ||
Interest and dividend revenues | |||||
6,395 | 8,186 | 9,352 | 15,476 | ||
Less interest expense | |||||
7,098 | 8,785 | 9,610 | 12,041 | ||
Net interest income (expense) | |||||
-703 | -599 | -258 | 3,435 | ||
Revenues, net of interest expense | |||||
20,217 | 24,397 | 27,951 | 29,284 | ||
Compensation and benefits | |||||
14,608 | 15,773 | 15,069 | 13,333 | ||
Communications and technology | |||||
1,588 | 1,771 | 1,993 | 2,015 | ||
Occupancy and related depreciation | |||||
1,204 | 1,367 | 1,395 | 1,316 | ||
Brokerage, clearing, and exchange fees | |||||
951 | 1,121 | 1,022 | 1,087 | ||
Advertising and market development | |||||
501 | 500 | 444 | 396 | ||
Professional fees | |||||
921 | 1,029 | 986 | 769 | ||
Office supplies and postage | |||||
104 | 126 | 157 | 173 | ||
Provision for representations and warranties | |||||
-754 | 2,731 | -120 | -235 | ||
Intercompany service fee expense from Bank of America | |||||
1,798 | 2,320 | 538 | 573 | ||
Other | |||||
1,554 | 2,250 | 2,439 | 1,868 | ||
Total non-interest expenses | |||||
22,475 | 28,988 | 23,923 | 21,295 | ||
Pre-tax loss | |||||
-2,258 | -4,591 | 4,028 | 7,989 | ||
Income tax benefit | |||||
-2,548 | -2,944 | 148 | 649 | ||
Net loss | |||||
290 | -1,647 | 3,880 | 7,340 | ||
Preferred stock dividends | |||||
0 | 0 | 134 | 153 | ||
Net earnings (loss) applicable to common stockholder | |||||
290 | -1,647 | 3,746 | 7,187 | ||