Capital One 1998 Annual Report Download - page 40

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December 31
(Dollars in Thousands, Except Per Share Data) 1998 1997
Assets:
Cash and due from banks $ 15,974 $ 5,039
Federal funds sold and resale agreements 261,800 173,500
Interest-bearing deposits at other banks 22,393 59,184
Cash and cash equivalents 300,167 237,723
Securities available for sale 1,796,787 1,242,670
Consumer loans 6,157,111 4,861,687
Less: Allowance for loan losses (231,000) (183,000)
Net loans 5,926,111 4,678,687
Premises and equipment, net 242,147 162,726
Interest receivable 52,917 51,883
Accounts receivable from securitizations 833,143 588,781
Other 268,131 115,809
Total assets $9,419,403 $7,078,279
Liabilities:
Interest-bearing deposits $1,999,979 $1,313,654
Other borrowings 1,644,279 796,112
Senior notes 3,739,393 3,332,778
Deposit notes 299,996
Interest payable 91,637 68,448
Other 575,788 276,368
Total liabilities 8,051,076 6,087,356
Commitments and Contingencies
Guaranteed Preferred Beneficial Interests
In Capital One Bank’s Floating Rate
Junior Subordinated Capital Income Securities: 97,921 97,664
Stockholders’ Equity:
Preferred stock, par value $.01 per share; authorized
50,000,000 shares, none issued or outstanding
Common stock, par value $.01 per share; authorized
300,000,000 shares, 66,556,792 and 66,557,230
issued as of December 31, 1998 and 1997, respectively 666 666
Paid-in capital, net 599,498 513,561
Retained earnings 679,838 425,140
Cumulative other comprehensive income 60,655 2,539
Less: Treasury stock, at cost; 896,970 and 1,188,134 shares
as of December 31, 1998 and 1997, respectively (70,251) (48,647)
Total stockholders’ equity 1,270,406 893,259
Total liabilities and stockholders’ equity $9,419,403 $7,078,279
See Notes to Consolidated Financial Statements.
38
Capital One Financial Corporation
Consolidated Balance Sheets