Capital One 2010 Annual Report Download - page 81

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61
Table 22: Summary of Reported Allowance for Loan and Lease Losses
December 31,
(Dollars in millions) 2010 2009 2008
Balance at beginning of period, as reported ............................................... $ 4,127 $ 4,524 $ 2,963
Impact from January 1, 2010 adoption of new consolidation accounting standards ............... 4,317(1)
—
—
Balance at beginning of period, as adjusted ............................................... $ 8,444 $ 4,524 $ 2,963
Provision for loan and lease losses ...................................................... 3,907 4,230 5,101
Charge-offs:
Credit Card business:
Domestic credit card and installment ................................................ (6,020) (3,050) (2,244)
International credit card and installment ............................................. (761) (284) (255)
Total credit card ............................................................... (6,781) (3,334) (2,499)
Consumer Banking business:
Automobile ..................................................................... (672) (1,110) (1,236)
Home loans ..................................................................... (97) (87) (38)
Retail banking .................................................................. (129) (160) (122)
Total consumer banking ........................................................ (898) (1,357) (1,396)
Commercial Banking business:
Commercial and multifamily real estate .............................................. (207) (208) (47)
Middle market .................................................................. (101) (53) (22)
Specialty lending ................................................................ (36) (49) (10)
Total commercial lending ....................................................... (344) (310) (79)
Small-ticket commercial real estate ................................................. (100) (134) (8)
Total commercial banking ....................................................... (444) (444) (87)
Other loans ....................................................................... (115) (207) (169)
Total charge-offs .................................................................... (8,238) (5,342) (4,151)
Recoveries:
Credit Card business:
Domestic credit card and installment ................................................ 1,113 447 425
International credit card and installment ............................................. 169 52 65
Total credit card ............................................................... 1,282 499 490
Consumer Banking business:
Automobile ..................................................................... 215 238 158
Home loans ..................................................................... 4 3 1
Retail banking .................................................................. 24 22 19
Total consumer banking ........................................................ 243 263 178
Commercial Banking business:
Commercial and multifamily real estate .............................................. 20 2 1
Middle market .................................................................. 24 3 2
Specialty lending ................................................................ 8 3 1
Total commercial lending ....................................................... 52 8 4
Small-ticket commercial real estate ................................................. 2 2
—
Total commercial banking ....................................................... 54 10 4
Other loans ....................................................................... 8 2 1
Total recoveries ..................................................................... 1,587 774 673
N
et charge-offs ...................................................................... (6,651) (4,568) (3,478)
Impact from acquisitions, sales and other changes
(
2
)
........................................ (72) (59) (62)
Balance at end of period .............................................................. $ 5,628 $ 4,127 $ 4,524
Allowance for loan and lease losses as a percentage of loans held for investment ................ 4.47% 4.55% 4.48%
Allowance for loan and lease losses by geographic distribution:
Domestic ......................................................................... $ 5,168 $ 3,928 $ 4,331
International ...................................................................... 460 199 193
Total allowance for loan and lease losses ................................................. $ 5,628 $ 4,127 $ 4,524
Allowance for loan and lease losses by loan category:
Domestic card ..................................................................... $ 3,581 $ 1,927 $ 2,544
International card .................................................................. 460 199 193
Consumer banking ................................................................. 675 1,076 1,314
Commercial banking ............................................................... 826 785 301
Other ............................................................................ 86 140 172
Allowance for loan and lease losses ..................................................... $ 5,628 $ 4,127 $ 4,524
________________________
(1) Includes an adjustment of $53 million made in the second quarter of 2010 for the impact as of January 1, 2010 of impairment on consolidated
loans accounted for as TDRs.