Capital One 2005 Annual Report Download - page 69

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TABLE H—SUMMARY OF ALLOWANCE FOR LOAN LOSSES
Table H sets forth activity in the allowance for loan losses for the periods indicated.
Year Ended December 31
(Dollars in thousands) 2005 2004 2003 2002 2001
Balance at beginning of year $1,505,000 $1,595,000 $1,720,000 $840,000 $527,000
Provision for loan losses:
Domestic 1,327,968 1,085,467 1,388,463 2,025,885 1,048,972
International 163,104 135,385 129,034 123,443 71,485
Total provision for loan losses 1,491,072 1,220,852 1,517,497 2,149,328 1,120,457
Acquisitions 224,144 —
Other (12,731) (15,284) 3,863 (9,644) 14,800
Charge-offs:
Consumer loans:
Domestic (1,532,499) (1,473,103) (1,722,348) (1,261,265) (842,329)
International (193,360) (135,198) (146,152) (127,276) (110,285)
Total consumer loans (1,725,859) (1,608,301) (1,868,500) (1,388,541) (952,614)
Small business loans (139,894) (140,972) (135,828) (102,300) (65,736)
Commercial loans (83) — — — —
Total charge-offs (1,865,836) (1,749,273) (2,004,328) (1,490,841) (1,018,350)
Principal recoveries:
Consumer loans:
388,573
304,003
191,717Domestic 384,266 165,909
International 43,560 43,212 37,619 27,745 19,991
Total consumer loans 427,826 431,785 341,622 219,462 185,900
Small business loans 20,476 21,920 16,346 11,695 10,193
Commercial loans 49 — — — —
Total principal recoveries 448,351 453,705 357,968 231,157 196,093
Net charge-offs (1,417,485) (1,295,568) (1,646,360) (1,259,684) (822,257)
Balance at end of year $1,790,000 $1,505,000 $1,595,000 $1,720,000 $840,000
Allowance for loan losses to loans at end of year 2.99% 3.94 % 4.86% 6.29 % 4.02 %
Allowance for loan losses by geographic distribution:
Domestic $1,639,277 $1,354,849 $1,477,314 $1,636,405 $784,857
International 150,723 150,151 117,686 83,595 55,143
Allowance for loan losses by loan category:
Consumer loans:
Domestic $1,405,909 $1,222,083 $1,341,850 $1,507,655 $735,097
International 150,723 150,151 117,686 83,595 55,143
Total consumer loans 1,556,632 1,372,234 1,459,536 1,591,250 790,240
Small business loans 183,275 132,766 135,464 128,750 49,760
Commercial loans 38,700 — — — —
Unallocated 11,393 — — — —
Total loans $1,790,000 $1,505,000 $1,595,000 $1,720,000 $840,000
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