Capital One 1999 Annual Report Download - page 34

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33
table 4: STATEMENTS OF AVERAGE BALANCES, INCOME AND EXPENSE, YIELDS AND RATES
Year Ended December 31 1999 1998 1997
Average Income/ Yield/ Average Income/ Yield/ Average Income/ Yield/
(Dollars in Thousands) Balance Expense Rate Balance Expense Rate Balance Expense Rate
Assets:
Earning assets
Consumer loans(1) $ 7,667,355 $ 1,482,371 19.33% $ 5,348,559 $ 1,003,122 18.75% $ 4,103,036 $ 619,785 15.11%
Securities available for sale 1,852,826 105,438 5.69 1,628,164 94,436 5.80 1,289,592 78,542 6.09
Other 174,225 5,675 3.26 249,112 13,978 5.61 361,369 19,658 5.44
Total earning assets 9,694,406 $ 1,593,484 16.44% 7,225,835 $ 1,111,536 15.38% 5,753,997 $ 717,985 12.48%
Cash and due from banks 17,046 4,385 (2,636)
Allowance for loan losses (269,375) (214,333) (132,728)
Premises and equipment, net 366,709 201,173 181,610
Other 1,276,227 1,113,372 768,694
Total assets $ 11,085,013 $ 8,330,432 $ 6,568,937
Liabilities and Equity:
Interest-bearing liabilities
Deposits $ 2,760,536 $ 137,792 4.99% $ 1,430,042 $ 67,479 4.72% $ 958,885 $ 41,932 4.37%
Other borrowings 1,687,042 100,392 5.95 1,473,949 96,130 6.52 721,405 46,068 6.39
Senior and deposit notes 4,391,438 302,698 6.89 3,787,639 260,675 6.88 3,718,988 253,849 6.83
Total interest-bearing liabilities 8,839,016 $ 540,882 6.12% 6,691,630 $ 424,284 6.34% 5,399,278 $ 341,849 6.33%
Other 838,098 550,819 345,582
Total liabilities 9,677,114 7,242,449 5,744,860
Equity 1,407,899 1,087,983 824,077
Total liabilities and equity $ 11,085,013 $ 8,330,432 $ 6,568,937
Net interest spread 10.32% 9.04% 6.15%
Interest income to average
earning assets 16.44 15.38 12.48
Interest expense to average
earning assets 5.58 5.87 5.94
Net interest margin 10.86% 9.51% 6.54%
(1) Interest income includes past-due fees on loans of approximately $478,918, $301,979 and $132,297 for the years ended December 31, 1999, 1998 and 1997,
respectively.