Capital One 2009 Annual Report Download - page 70

57
Table 9: Credit Card Concentrations (Managed)
December 31, 2009 December 31, 2008
(Dollars in thousands) Loans Percent Loans Percent
D
omestic Card
California ....................................................................................................
.
$ 7,192,401 11.93% $ 8,478,567 11.95%
Texas ..........................................................................................................
.
4,096,685 6.79% 5,657,916 7.98%
N
ew Yor
k
...................................................................................................
.
3,916,966 6.50% 5,171,520 7.29%
Florida ........................................................................................................
.
3,759,220 6.24% 4,746,580 6.69%
Illinois .........................................................................................................
.
2,653,102 4.40% 3,034,636 4.28%
Pennsylvania ...............................................................................................
.
2,640,735 4.38% 2,819,761 3.97%
Ohio ............................................................................................................
.
2,383,837 3.95% 2,674,512 3.77%
Virginia .......................................................................................................
.
1,749,504 2.90% 1,915,860 2.70%
Other ...........................................................................................................
.
31,907,377 52.91% 36,445,229 51.37%
Total Domestic Card .........................................................................
.
$ 60,299,827 88.00% $ 70,944,581 89.05%
I
nternational Card
United Kingdom .........................................................................................
.
$ 4,716,981 57.36% $ 5,527,237 63.38%
Canada ........................................................................................................
.
3,506,854 42.64% 3,193,405 36.62%
Total International Card ....................................................................
.
$ 8,223,835 12.00% $ 8,720,642 10.95%
Total Credit Card ..............................................................................
.
$ 68,523,662 50.25% $ 79,665,223 54.41%
Commercial Banking represented $29.6 billion, or 21.7% of the Company’s managed loan portfolio at December 31, 2009. The
Company operates its Commercial Banking business primarily in the geographies in which it maintains retail bank branches. As a
result, most of the portfolio is located in New York, Louisiana and Texas, the Company’s largest retail banking markets. The small
ticket commercial real estate portfolio was originated on a national basis through a broker network, and is in run-off mode. See “Table
10—Commercial Banking Concentrations” for further details.
Table 10: Commercial Banking Concentrations (Managed)
December 31, 2009 December 31, 2008
(Dollars in thousands) Loans Percent Loans Percent
Commercial Lending
N
ew Yor
k
..................................................................................................... $ 12,565,715 45.76% $ 13,348,236 49.56%
Louisiana ...................................................................................................... 3,592,447 13.08% 3,582,074 13.30%
Texas ............................................................................................................ 2,784,960 10.14% 2,446,243 9.08%
N
ew Jerse
y
................................................................................................... 2,252,663 8.20% 2,369,315 8.80%
Massachusetts .............................................................................................. 618,664 2.25% 426,733 1.59%
California ..................................................................................................... 570,742 2.08% 527,101 1.96%
Maryland ...................................................................................................... 509,199 1.86% 99,622 0.37%
Virginia ........................................................................................................ 454,150 1.66% 89,410 0.33%
Other ............................................................................................................ 4,111,000 14.97% 4,043,457 15.01%
Total Commercial Lending ................................................................. $ 27,459,540 92.73% $ 26,932,191 91.17%
S
mall Ticket Commercial Real Estat
e
N
ew Yor
k
..................................................................................................... $ 863,790 40.11% $ 1,006,996 38.60%
California ..................................................................................................... 468,183 21.74% 519,018 19.89%
Massachusetts .............................................................................................. 165,703 7.70% 214,925 8.24%
N
ew Jerse
y
................................................................................................... 122,952 5.71% 158,448 6.07%
Florida .......................................................................................................... 93,901 4.36% 134,607 5.16%
Other ............................................................................................................ 438,981 20.38% 575,129 22.04%
Total Small Ticket Commercial Real Estate ...................................... $ 2,153,510 7.27% $ 2,609,123 8.83%
Total Commercial Banking ................................................................ $ 29,613,050 21.72% $ 29,541,314 20.18%