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58
Other National Lending Sub-Segment
Table 5: Other National Lending
As of and for the Year Ended
December 31,
(Dollars in thousands)
2008
2007
2006
Earnings (Managed Basis)
Interest income...................................................................................................
.
$ 4,081,704 $ 4,268,331 $ 3,757,418
Interest expense..................................................................................................
.
1,582,916 1,699,014 1,400,784
Net interest income.............................................................................................
.
2,498,788 2,569,317 2,356,634
Non-interest income ...........................................................................................
.
609,997 734,569 674,361
Total revenue......................................................................................................
.
3,108,785 3,303,886 3,030,995
Provision for loan and lease losses.....................................................................
.
1,967,490 1,658,470 1,191,170
Goodwill impairment charge..............................................................................
.
810,876
Non-interest expense..........................................................................................
.
1,275,259 1,485,630 1,428,138
Income (loss) before taxes..................................................................................
.
(944,840) 159,786 411,687
Income taxes.......................................................................................................
.
(53,761) 53,705 147,319
Net income .........................................................................................................
.
$ (891,079) $ 106,081 $ 264,368
Selected Metrics (Managed Basis)
Period end loans held for investment .................................................................
.
$ 30,202,553 $ 36,785,274 $ 33,502,646
Average loans held for investment.....................................................................
.
$ 34,054,497 $ 35,460,470 $ 31,695,965
Loans held for investment yield .........................................................................
.
11.99% 12.04% 11.85%
Net interest margin .............................................................................................
.
7.34% 7.25% 7.44%
Revenue margin..................................................................................................
.
9.13% 9.32% 9.56%
Risk adjusted margin..........................................................................................
.
4.17% 5.44% 6.08%
Non-interest expense as a % of average loans held for investment....................
.
3.74% 4.19% 4.51%
Efficiency ratio...................................................................................................
.
41.02% 44.97% 47.12%
Net charge-off rate .............................................................................................
.
4.96% 3.88% 3.49%
30+ day delinquency rate ...................................................................................
.
8.64% 8.03% 5.72%
Number of total accounts (000s) ........................................................................
.
7,381 7,493 7,199
The Other National Lending sub-segment consists of the Auto Finance and International sub-segments.