Capital One 2008 Annual Report Download - page 115

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97
Other National Lending sub-segment which includes the Companys auto finance and international lending sub-segments.
The results of the GreenPoint mortgage origination operations are being reported as discontinued operations for 2008, 2007, and 2006,
and are not included in the segment results of the Company. The results of GreenPoints mortgage servicing business and small ticket
commercial real estate loans held for investment portfolio are reported as part of the Companys continuing operations and included in
the Local Banking segment. The results of GreenPoints consumer mortgage held for investment portfolio are reported as part of the
Companys continuing operations and included in the Other segment.
The Local Banking and National Lending segments are considered reportable segments based on quantitative thresholds applied to the
managed loan portfolio for reportable segments provided by SFAS 131, and are disclosed separately. The Other segment includes the
Companys liquidity portfolio, emerging businesses not included in the reportable segments, and various non-lending activities. The
Other segment also includes the results of GreenPoints consumer mortgage held for investment portfolio the GreenPoint home equity
line of credit portfolio, the net impact of transfer pricing, certain unallocated expenses, gains/losses related to the securitization of
assets, and restructuring charges related to the Companys cost initiative announced in the second quarter of 2007.
The Company maintains its books and records on a legal entity basis for the preparation of financial statements in conformity with
GAAP. The following tables present information prepared from the Companys internal management information system, which is
maintained on a line of business level through allocations from the consolidated financial results.
The following tables present certain information regarding our continuing operations by segment:
Year Ended December 31, 2008
Total Company
National
Lending
Local
Banking
Other
Total
Managed
Securitization
Adjustments(1)
Total
Reported
Net interest income .........
.
$ 8,990,874 $ 2,422,811 $ 8,370 $ 11,422,055 $ (4,273,340) $ 7,148,715
Non-interest income........
.
4,737,612 813,742 (133,956) 5,417,398 1,326,573 6,743,971
Provision for loan and
lease losses .................
.
7,428,476 447,643 171,688 8,047,807 (2,946,767) 5,101,040
Restructuring expenses ...
.
134,464 134,464 134,464
Goodwill impairment ......
.
810,876 810,876 810,876
Other non-interest
expenses .....................
.
4,893,898 2,443,369 (72,580) 7,264,687 7,264,687
Income tax provision
(benefit)......................
.
485,265 120,939 (109,102) 497,102 497,102
Net income (loss) ............
.
109,971 224,602 (250,056) 84,517 84,517
Loans held for
investment ..................
.
$ 101,147,134 $ 45,082,981 $ 706,639 $ 146,936,754 $ (45,918,983) $ 101,017,771
Total deposits..................
.
$ 1,459,131 $ 78,938,391 $ 28,223,267 $ 108,620,789 $ 108,620,789