Capital One 2012 Annual Report Download - page 128
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Table 23: Allowance for Loan and Lease Losses Activity
December 31,
(Dollars in millions) 2012 2011 2010
Balance at beginning of period, as reported ............................... $ 4,250 $ 5,628 $ 4,127
Impact from January 1, 2010 adoption of new consolidation accounting
standards(1) ...................................................... —— 4,317
Balance at beginning of period, as adjusted ............................... 4,250 5,628 8,444
Provision for credit losses(2) (3) ......................................... 4,446 2,401 3,895
Charge-offs:
Credit Card business:(3)
Domestic credit card and installment loans ............................... (3,507) (3,558) (6,020)
International credit card .............................................. (652) (752) (761)
Total credit card ................................................ (4,159) (4,310) (6,781)
Consumer Banking business:
Auto.............................................................. (631) (529) (672)
Home loan ......................................................... (77) (104) (97)
Retail banking ...................................................... (89) (99) (129)
Total consumer banking .......................................... (797) (732) (898)
Commercial Banking business:
Commercial and multifamily real estate .................................. (23) (76) (208)
Commercial and industrial ............................................ (32) (61) (137)
Total commercial lending ......................................... (55) (137) (345)
Small-ticket commercial real estate ..................................... (39) (77) (100)
Total commercial banking ........................................ (94) (214) (445)
Other loans ........................................................ (43) (59) (114)
Total charge-offs .................................................... (5,093) (5,315) (8,238)
Recoveries:
Credit Card business:
Domestic credit card and installment loans ............................... 975 1,036 1,113
International credit card .............................................. 240 218 169
Total credit card ................................................ 1,215 1,254 1,282
Consumer Banking business:
Auto.............................................................. 217 195 215
Home loan ......................................................... 25 27 4
Retail banking ...................................................... 24 26 24
Total consumer banking .......................................... 266 248 243
Commercial Banking business:
Commercial and multifamily real estate .................................. 18 12 20
Commercial and industrial ............................................ 25 20 32
Total commercial lending ......................................... 43 32 52
Small-ticket commercial real estate ..................................... 952
Total commercial banking ........................................ 52 37 54
Other loans ........................................................ 558
Total recoveries ..................................................... 1,538 1,544 1,587
Net charge-offs ..................................................... (3,555) (3,771) (6,651)
Impact loan sales and other changes(3) ................................... 15 (8) (60)(4)
Balance at end of period(3) ............................................ $ 5,156 $ 4,250 $ 5,628
Allowance for loan and lease losses as a percentage of loans held for
investment ....................................................... 2.50% 3.13% 4.47%
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