Capital One 2006 Annual Report Download - page 74

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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, 2006, 2005 and 2004.
Year Ended December 31
2006 2005 2004
(Dollars in Thousands)
Average
Balance
Income/
Expense
Yield/
Rate
Average
Balance
Income/
Expense
Yield/
Rate
Average
Balance
Income/
Expense
Yield
/
Rate
Assets:
Earning assets
Consumer loans(1)
Domestic $ 47,427,119 $ 5,986,533 12.62% $ 31,891,276 $ 4,226,617 13.25% $ 27,376,799 $ 3,614,142 13.20%
International 3,842,113 433,126 11.27% 4,083,531 452,652 11.08% 3,539,760 390,384 11.03%
Total consumer loans 51,269,232 6,419,659 12.52% 35,974,807 4,679,269 13.01% 30,916,559 4,004,526 12.95%
Commercial loans 12,308,047 626,814 5.09% 4,759,430 331,570 6.97% 3,349,109 229,894 6.86%
Total Loans Held for
Investment 63,577,279 7,046,473 11.08% 40,734,237 5,010,839 12.30% 34,265,668 4,234,420 12.36%
Mortgage loans held for sale(2) 1,056,937 71,063 6.72% 39,415 8,799 22.32%   
Securities available for sale(2) 14,686,556 676,712 4.61% 10,085,562 386,896 3.84% 8,876,233 312,301 3.52%
Other
Domestic(2) 4,094,556 349,782 8.54% 3,270,241 241,162 7.37% 2,580,955 192,974 7.48%
International 1,106,527 50,199 4.54% 1,407,559 79,185 5.63% 932,813 54,725 5.87%
Total 5,201,083 399,981 7.69% 4,677,800 320,347 6.85% 3,513,768 247,699 7.05%
Total earning assets 84,521,855 $ 8,194,229 9.69% 55,537,014 $ 5,726,881 10.32% 46,655,669 $ 4,794,420 10.28%
Cash and due from banks 1,685,152 1,000,240 506,483
Allowance for loan losses (1,791,172) (1,482,948 ) (1,473,003
Premises and equipment, net 1,474,882 842,368 874,960
Other(2) 9,919,042 5,463,826 4,083,943
Total assets $ 95,809,759 $ 61,360,500 $ 50,648,052
Liabilities and Equity:
Interest-bearing liabilities
Deposits
Domestic $ 43,409,416 $ 1,700,986 3.92% $ 25,838,996 $ 1,043,211 4.04% $ 22,517,293 $ 916,343 4.07%
International 2,329,611 113,811 4.89% 2,531,739 129,926 5.13% 1,795,996 93,202 5.19%
Total Deposits 45,739,027 1,814,797 3.97% 28,370,735 1,173,137 4.14% 24,313,289 1,009,545 4.15%
Senior and subordinated notes 6,820,615 411,643 6.04% 6,820,811 421,218 6.18% 7,203,423 486,812 6.76%
Other borrowings
Domestic 16,787,936 857,977 5.11% 11,195,697 451,725 4.03% 8,518,817 295,029 3.46%
International 1,115,981 10,182 0.91% 15,441 559 3.62% 1,360 56 4.12%
Total other borrowings 17,903,917 868,159 4.85% 11,211,138 452,284 4.03% 8,520,177 295,085 3.46%
Total interest-bearing liabilities 70,463,559 $ 3,094,599 4.39% 46,402,684 $ 2,046,639 4.41% 40,036,889 $ 1,791,442 4.47%
Non-interest bearing deposits 4,934,407 648,917 
Other 4,208,371 3,714,631 3,315,616
Total liabilities 79,606,337 50,766,232 43,352,505
Equity 16,203,422 10,594,268 7,295,547
Total liabilities and equity $ 95,809,759 $ 61,360,500 $ 50,648,052
Net interest spread 5.30% 5.91% 5.81%
Interest income to average earning assets 9.69% 10.32% 10.28%
Interest expense to average earning assets 3.66% 3.69% 3.84%
Net interest margin 6.03% 6.63% 6.44%
(1) Interest income includes past-due fees on loans of approximately $699.5 million, $776.5 million and $792.0 million for the years ended December 31, 2006,
2005 and 2004, respectively.
(2) Prior period amounts have been reclassified to conform with current period presentation.