Capital One 2001 Annual Report Download - page 29

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md&a 27
table 4: Statements of Average Balances, Income and Expense, Yields and Rates
Year Ended December 31 2001 2000 1999
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)
Domestic $14,648,298 $2,257,183 15.41% $ 9,320,165 $ 1,996,968 21.43% $ 5,784,662 $ 1,260,313 21.79%
Foreign 2,636,008 358,584 14.63% 2,167,611 289,806 13.37% 1,882,693 222,058 11.79%
Total 17,284,306 2,642,767 15.29% 11,487,776 2,286,774 19.91% 7,667,355 1,482,371 19.33%
Securities available for sale 2,526,529 138,188 5.47 1,611,582 96,554 5.99 1,852,826 105,438 5.69%
Other
Domestic 593,050 45,877 7.74% 107,416 5,993 5.58% 151,029 5,295 3.51%
Foreign 302,287 7,565 2.50% 45,259 581 1.28% 23,196 380 1.64%
Total 895,337 53,442 5.97% 152,675 6,574 4.31% 174,225 5,675 3.26%
Total earning assets 20,706,172 $2,834,397 13.69% 13,252,033 $ 2,389,902 18.03% 9,694,406 $ 1,593,484 16.44%
Cash and due from banks 171,392 103,390 17,046
Allowance for loan losses (637,789) (402,208) (269,375)
Premises and equipment, net 735,282 549,133 366,709
Other 2,371,252 1,707,237 1,276,227
Total assets $23,346,309 $15,209,585 $11,085,013
Liabilities and Equity:
Interest-bearing liabilities
Deposits
Domestic $9,700,132 $ 594,183 6.13% $ 5,313,178 $ 322,497 6.07% $ 2,760,536 $ 137,792 4.99%
Foreign 673,379 46,287 6.87% 26,296 1,511 5.75%
Total 10,373,511 640,470 6.17% 5,339,474 324,008 6.07% 2,760,536 137,792 4.99%
Senior notes 5,064,356 357,495 7.06% 3,976,623 274,975 6.91% 4,391,438 302,698 6.89%
Other borrowings
Domestic 2,551,996 145,316 5.69% 2,011,295 142,355 7.08% 1,398,397 82,508 5.90%
Foreign 440,313 27,726 6.30% 882,120 59,679 6.77% 288,645 17,884 6.20%
Total 2,992,309 173,042 5.78% 2,893,415 202,034 6.98% 1,687,042 100,392 5.95%
Total interest-bearing liabilities 18,430,176 $1,171,007 6.35% 12,209,512 $ 801,017 6.56% 8,839,016 $ 540,882 6.12%
Other 2,134,951 1,299,100 838,098
Total liabilities 20,565,127 13,508,612 9,677,114
Equity 2,781,182 1,700,973 1,407,899
Total liabilities and equity $23,346,309 $15,209,585 $11,085,013
Net interest spread 7.34% 11.47% 10.32%
Interest income to average earning assets 13.69 18.03 16.44
Interest expense to average earning assets 5.66 6.04 5.58
Net interest margin 8.03% 11.99% 10.86%
(1) Interest income includes past-due fees on loans of approximately $709,596, $780,014 and $478,918 for the years ended December 31, 2001, 2000 and 1999, respectively.