Capital One 2005 Annual Report Download - page 61

XII. Tabular Summary
TABLE A—STATEMENTS OF AVERAGE BALANCES, INCOME AND EXPENSE, YIELDS AND RATES
Table A provides average balance sheet data and an analysis of net interest income, net interest spread (the difference
between the yield on earning assets and the cost of interest-bearing liabilities) and net interest margin for the years ended
December 31, 2005, 2004 and 2003.
Year Ended December 31
2005 2004 2003
(Doll rs in thousands) a
Average
Balance
Income
/
Expense
Yield
/
Rate
Average
Balance
Income
/
Expense
Yield
/
Rate
Average
Balance
Income
/
Expense
Yield
/
Rate
Assets:
Earning assets
Consumer loa sn
Domestic
(1)
$ 31,891,276 $ 4,226,617 13.25% $ 27,376,799 $ 3,614,142 13.20% $ 23,280,135 $ 3,366,054 14.46%
International 4,083,531 452,652 11.08% 3,539,760 390,384 11.03% 2,754,408 353,301 12.83%
Total consumer
loans 35,974,807 4,679,269 13.01% 30,916,559 4,004,526 12.95% 26,034,543 3,719,355 14.29%
Small business loa s n 4,257,805 298,671 7.01% 3,349,109 229,894 6.86% 2,643,073 212,940 8.06%
Commercia ns l loa
Total loans 501,625 32,899 6.56% — — — — — —
40,734,237 5,010,839 12.30% 34,265,668 4,234,420 12.36% 28,677,616 3,932,295 13.71%
Securities available for sa e l
Other 10,120,453 388,576 3.84% 8,879,785 312,374 3.52% 5,335,492 192,594 3.61%
Domestic 3,235,350
1,407,559 248,281 7.67% 2,577,403 192,901 7.48% 2,836,531 215,957 7.61%
Internationa l
Total Other 79,185 5.63% 932,813 54,725 5.87% 512,658 26,808 5.23%
4,642,909 327,466 7.05% 3,510,216 247,626 7.05% 3,349,189 242,765 7.25%
Total earning assets 55,497,599 $ 5,726,881 10.32% 46,655,669 $ 4,794,420 10.28% 37,362,297 $ 4,367,654 11.69%
Cash and due from banks 1,000,240 506,483
387,167
Allowance for loan losses (1,482,948) (1,473,003) (1,627,020)
Premises and equipment, n
et
Other 842,368
874,960
833,343
5,503,241 4,083,943 4,239,626
Total assets $ 61,360,500
$ 50,648,052 $ 41,195,413
Liabilities and Equity:
Interest-bear g liabilities in
Deposits
Domestic $ 25,838,996 $ 1,043,211 4.04% $ 22,517,293 $ 916,343 4.07% $ 18,550,273
1,217,690 $ 817,515 4.41% International 2,531,739 129,926 5.13% 1,795,996 93,202 5.19% 74,135 6.09%
Total Deposits 28,370,735 1,173,137 4.14% 24,313,289 1,009,545 4.15% 19,767,963 891,650 4.51%
Senior and subordinated notes
6,820,811 421,218 6.18% 7,203,423 486,812 6.76% 5,915,300 423,826 7.16%
Other borrow s ing
Domestic
11,195,697 451,725 4.03% 8,518,817 295,029 3.46% 7,061,192 267,066 3.78%
International 15,441 559 3.62% 1,360 56 4.12% 1,532 23 1.50%
Total Other
borrowings 11,211,138 452,284 4.03% 8,520,177 295,085 3.46% 7,062,724 267,089 3.78%
Total interest-bearing
liabilities 46,402,684 $ 2,046,639 4.41% 40,036,889 $ 1,791,442 4.47% 32,745,987 $ 1,582,565 4.83%
Non-interest bearing
d its epos
Other 648,917
3,714,631
3,315,616 3,125,956
Total l bilities ia 50,766,232 43,352,505
35,871,943
Equity 10,594,268
7,295,547 5,323,470
Total liabilities and equity $ 61,360,500
$ 50,648,052 $ 41,195,413
Net interest spread
5.91%
5.81% 6.86%
Interest income to average earning assets 10.32% 10.28% 11.69%
Interest expense to average earning assets 3.69%
3.84% 4.24%
Net interest margin
6.63%
6.44% 7.45%
(1) Interest income includes past-due fees on loans of approximately $776.5 million, $792.0 million and $799.3 million for the years ended December 31, 2005,
2004 and 2003, respectively.
52