Capital One 2000 Annual Report Download - page 31

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md&a 29
table 4: STATEMENTS OF AVERAGE BALANCES, INCOME AND EXPENSE, YIELDS AND RATES
Year Ended December 31 2000 1999 1998
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) $ 11,487,776 $ 2,286,774 19.91% $ 7,667,355 $ 1,482,371 19.33% $ 5,348,559 $ 1,003,122 18.75%
Securities available for sale 1,611,582 96,554 5.99 1,852,826 105,438 5.69 1,628,164 94,436 5.80
Other 152,675 6,574 4.31 174,225 5,675 3.26 249,112 13,978 5.61
Total earning assets 13,252,033 $ 2,389,902 18.03% 9,694,406 $ 1,593,484 16.44% 7,225,835 $ 1,111,536 15.38%
Cash and due from banks 103,390 17, 046 4, 385
Allowance for loan losses (402,208) (269,375) (214,333)
Premises and equipment, net 549,133 366,709 201,173
Other 1,707,237 1,276,227 1,113,372
Total assets $ 15,209,585 $11,085,013 $ 8,330,432
LIABILITIES AND EQUITY:
Interest-bearing liabilities
Deposits $ 5,339,474 $ 324,008 6.07% $ 2,760,536 $ 137,792 4.99% $ 1,430,042 $ 67,479 4.72%
Other borrowings 2,893,415 202,034 6.98 1,687,042 100,392 5.95 1,473,949 96,130 6.52
Senior notes 3,976,623 274,975 6.91 4,391,438 302,698 6.89 3,787,639 260,675 6.88
Total interest-bearing liabilities 12,209,512 $ 801,017 6.56% 8,839,016 $ 540,882 6.12% 6,691,630 $ 424,284 6.34%
Other 1,299,100 838,098 550,819
Total liabilities 13,508,612 9,677,114 7,242,449
Equity 1,700,973 1,407,899 1,087,983
Total liabilities and equity $ 15,209,585 $11,085,013 $ 8,330,432
Net interest spread 11.47% 10.32% 9.04%
Interest income to average
earning assets 18.03 16.44 15.38
Interest expense to average
earning assets 6.04 5.58 5.87
Net interest margin 11.99% 10.86% 9.51%
(1) Interest income includes past-due fees on loans of approximately $780,014, $478,918 and $301,979 for the years ended December 31, 2000, 1999 and 1998, respectively.