Capital One 2011 Annual Report Download - page 91

Table 8: Consumer Banking Business Results
Change
Year Ended December 31, 2011 vs. 2010 vs.
(Dollars in millions) 2011 2010 2009 2010 2009
Selected income statement data:
Net interest income ............................ $ 4,236 $ 3,727 $ 3,231 14% 15%
Non-interest income ........................... 720 870 755 (17) 15
Total revenue ................................. 4,956 4,597 3,986 815
Provision for loan and lease losses ................ 452 241 876 88 (72)
Non-interest expense ........................... 3,244 2,950 2,734 10 8
Income from continuing operations before income taxes 1,260 1,406 376 (10) 274
Income tax provision ........................... 451 501 132 (10) 280
Income from continuing operations, net of tax ....... $ 809 $ 905 $ 244 (11)% 271%
Selected performance metrics:
Average loans held for investment:
Auto .................................... $19,419 $17,551 $19,950 11% (12)%
Home loan ............................... 11,322 13,629 14,434 (17) (6)
Retail banking ............................ 4,097 4,745 5,490 (14) (14)
Total consumer banking ........................ $34,838 $35,925 $39,874 (3)% (10)%
Average yield on loans held for investment ......... 9.60% 9.11% 8.94% 49bps 17bps
Average deposits .............................. $86,883 $78,083 $70,862 11% 10%
Average deposit interest rate ..................... 0.96% 1.19% 1.68% (23)bps (49)bps
Core deposit intangible amortization ............... $ 132 $ 144 $ 169 (8)% (15)%
Net charge-off rate(1)(2) .......................... 1.39% 1.82% 2.74% (43)bps (92)bps
Auto loan originations .......................... $12,476 $ 7,764 $ 5,336 61% 46%
December 31,
2011 2010 Change
Selected period-end data:
Loans held for investment:
Auto .................................... $21,779 $17,867 22%
Home loan ............................... 10,433 12,103 (14)
Retail banking ............................ 4,103 4,413 (7)
Total consumer banking ........................ $36,315 $34,383 6%
30+ day performing delinquency rate(1)(3) ........... 4.47% 4.28% 19bps
30+ day delinquency rate(1)(3) ..................... 5.99 5.96 3
Nonperforming loan rate(1)(4) ..................... 1.79 1.97 (18)
Nonperforming asset rate(1)(5) .................... 1.94 2.17 (23)
Allowance for loan and lease losses ............... $ 652 $ 675 (3)%
Deposits ..................................... 88,540 82,959 7
Loans serviced for others ........................ 17,998 20,689 (13)
(1) Average loans held for investment used in the denominator in calculating net charge-off, delinquency and nonperforming
loan and nonperforming asset rates includes the impact of loans acquired as part of the Chevy Chase Bank acquisition,
which were considered purchased credit-impaired (“PCI”) loans. However, we separately track and report PCI loans and
exclude these loans from our net charge-off, delinquency, nonperforming loan and nonperforming asset rates.
(2) The net charge-off rate is calculated by loan category by dividing net charge-offs for the period by average loans held for
investment during the period for the specified loan category. The net charge-off rate, excluding loans acquired from
Chevy Chase Bank from the denominator, was 1.60%, 2.16% and 3.17% in 2011, 2010 and 2009, respectively.
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