Capital One 2011 Annual Report Download - page 18

TABLE OF CONTENTS
Page
PART I ............................................................................... 1
Item 1. Business ..................................................................... 1
Overview .................................................................. 1
Operations and Business Segments .............................................. 3
Supervision and Regulation .................................................... 4
Competition ................................................................ 14
Employees ................................................................. 15
Additional Information ........................................................ 15
Forward-Looking Statements ................................................... 16
Item 1A. Risk Factors .................................................................. 18
Item 1B. Unresolved Staff Comments ..................................................... 32
Item 2. Properties .................................................................... 32
Item 3. Legal Proceedings ............................................................. 32
Item 4. Mine Safety Disclosure ......................................................... 32
PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of
Equity Securities ............................................................. 33
Item 6. Selected Financial Data ......................................................... 36
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations
(“MD&A”) ................................................................. 41
Introduction ................................................................ 41
Executive Summary and Business Outlook ........................................ 43
Critical Accounting Policies and Estimates ........................................ 48
Consolidated Results of Operations .............................................. 54
Business Segment Financial Performance ......................................... 63
Consolidated Balance Sheet Analysis ............................................ 77
Off-Balance Sheet Arrangements and Variable Interest Entities ........................ 85
Capital Management .......................................................... 86
Risk Management ............................................................ 89
Credit Risk Profile ........................................................... 96
Liquidity Risk Profile ......................................................... 114
Market Risk Profile .......................................................... 119
Accounting Changes and Developments .......................................... 122
Supplemental Tables ......................................................... 123
Item 7A. Quantitative and Qualitative Disclosures About Market Risk ............................ 130
Item 8. Financial Information and Supplementary Data ...................................... 134
Consolidated Statements of Income ................................................ 134
Consolidated Balance Sheets ..................................................... 135
Consolidated Statements of Changes in Stockholders’ Equity ........................... 136
Consolidated Statements of Cash Flows ............................................ 138
Notes to Consolidated Statements ................................................. 139
Note 1—Summary of Significant Accounting Policies .............................. 139
Note 2—Acquisitions and Restructuring Activities ................................. 157
Note 3—Discontinued Operations .............................................. 159
Note 4—Investment Securities ................................................. 160
Note 5—Loans ............................................................. 168
Note 6—Allowance for Loan and Lease Losses ................................... 184
Note 7—Variable Interest Entities and Securitizations .............................. 187
Note 8—Goodwill and Other Intangible Assets .................................... 195
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