Capital One 2011 Annual Report Download - page 78

Table 3: Average Balances, Net Interest Income and Net Interest Yield (Managed Basis)(1)
Year Ended December 31,
2011 2010 2009
(Dollars in millions)
Average
Balance
Interest
Income/
Expense(2)
Yield/
Rate
Average
Balance
Interest
Income/
Expense(2)
Yield/
Rate
Average
Balance
Interest
Income/
Expense(2)
Yield/
Rate
Assets:
Interest-earning assets:
Consumer loans:(3)
Domestic(4) ..............$ 88,769 $10,948 12.33%$ 91,547 $11,234 12.27% $105,095 $11,778 11.21%
International ............. 8,645 1,360 15.73 7,499 1,212 16.16 8,405 1,149 13.67
Total consumer loans(4) ......... 97,414 12,308 12.63 99,046 12,446 12.57 113,500 12,927 11.39
Commercial loans(4) ........... 31,010 1,466 4.73 29,576 1,496 5.06 30,014 1,508 5.02
Total loans held for investment ...... 128,424 13,774 10.73 128,622 13,942 10.84 143,514 14,435 10.06
Investment securities .............. 39,513 1,137 2.88 39,489 1,342 3.40 36,910 1,610 4.36
Other interest-earning assets:
Domestic .................... 6,756 63 0.93 7,118 75 1.05 4,938 65 1.32
International ................. 648 13 2.01 586 2 0.34 614 3 0.49
Total other interest earning assets .... 7,404 76 1.03 7,704 77 1.00 5,552 68 1.22
Total interest-earning assets .........$175,341 $14,987 8.55%$175,815 $15,361 8.74% $185,976 $16,113 8.66%
Cash and due from banks ........... 1,926 2,133 3,481
Allowance for loan and lease losses . . . (4,865) (7,257) (4,470)
Premises and equipment, net ........ 2,731 2,718 2,718
Other assets ...................... 24,585 26,776 24,953
Total assets ......................$199,718 $200,185 $212,658
Liabilities and Equity:
Interest-bearing liabilities:
Deposits:
Domestic ....................$109,644 $ 1,187 1.08% $104,743 $ 1,465 1.40% $102,337 $ 2,070 2.02%
International(5) ................ — —— — — — 741 23 3.10
Total deposits .................... 109,644 1,187 1.08 $104,743 $ 1,465 1.40 $103,078 $ 2,093 2.03
Securitized debt obligations:
Domestic .................... 17,012 348 2.05 29,354 690 2.35 40,931 1,191 2.91
International ................. 3,703 74 2.00 4,910 123 2.51 5,686 148 2.60
Total securitized debt obligations ..... 20,715 422 2.04 34,264 813 2.37 46,617 1,339 2.87
Senior and subordinated notes ....... 9,244 300 3.25 8,571 276 3.22 8,607 260 3.02
Other borrowings:
Domestic .................... 4,226 306 7.24 5,093 333 6.54 7,957 321 4.03
International ................. 3,837 31 0.81 1,772 13 0.73 1,441 11 0.76
Total other borrowings ............. 8,063 337 4.18 6,865 346 5.04 9,398 332 3.53
Total interest-bearing liabilities ......$147,666 $ 2,246 1.52% $154,443 $ 2,900 1.88% $167,700 $ 4,024 2.40%
Non-interest bearing deposits ........ 17,050 14,267 12,523
Other liabilities ................... 6,423 6,534 5,829
Total liabilities ................... 171,139 175,244 186,052
Stockholders’ equity(6) ............. 28,579 24,941 26,606
Total liabilities and stockholders’
equity ........................$199,718 $200,185 $212,658
Net interest income/spread .......... $12,741 7.03% $12,461 6.86% $12,089 6.26%
Impact of non-interest bearing
funding ....................... 0.24 0.23 0.24
Net interest margin ................ 7.27% 7.09% 6.50%
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