Capital One 2009 Annual Report Download - page 54
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41
As of December 31, 2008
(Dollars in thousands)
Total Reported Securitization
Adjustments(1)
Total Managed(2)
Income Statement Measures(3)
N
et interest income .........................................................................................
.
$ 7,148,715 $ 4,273,340 $ 11,422,055
N
on-interest income ........................................................................................
.
6,743,971 (1,326,573) 5,417,398
Total revenue ..................................................................................................
.
$ 13,892,686 $ 2,946,767 $ 16,839,453
Provision for loan losses .................................................................................
.
5,101,040 2,946,767 8,047,807
N
et charge-offs ...............................................................................................
.
3,478,171 2,946,767 6,424,938
Balance Sheet Measures
Loans held for investment ...............................................................................
.
$ 101,017,771 $ 45,918,983 $ 146,936,754
Total assets ......................................................................................................
.
165,913,452 43,961,156 209,874,608
Total liabilities ................................................................................................
.
139,301,019 43,961,156 183,262,175
Average loans held for investment ..................................................................
.
98,970,903 48,841,363 147,812,266
Average earning assets ....................................................................................
.
133,122,964 46,264,456 179,387,420
Average total assets ........................................................................................
.
156,291,528 47,262,416 203,553,944
Average total liabilities ...................................................................................
.
131,013,698 47,262,416 178,276,114
Delinquencies ..................................................................................................
.
$ 4,417,823 $ 2,178,400 $ 6,596,223
Selected Company Metrics(3)
Return on average assets .................................................................................
.
0.05% 0.04%
N
et charge-off rate ..........................................................................................
.
3.51% 4.35%
30+ day performing delinquency rate .............................................................
.
4.37% 4.49%
N
et interest margin ..........................................................................................
.
5.37% 6.37%
Revenue margin ..............................................................................................
.
10.44% 9.39%
Risk adjusted margin.......................................................................................
.
7.83% 5.81%
(1) Income statement adjustments for the year ended December 31, 2008 reclassify the finance charge of $5.6 billion, past due fees
of $933.6 million, other interest income of $(158.1) million and interest expense of $2.1 billion; from non-interest income to net
interest income. Net charge-offs of $2.9 billion are reclassified from non-interest income to net interest income to provision for
loan losses.
(2) The managed loan portfolio does not include automobile or mortgage loans which have been sold in whole loan sale
transactions where the Company has retained servicing rights.
(3) Based on continuing operations.