Capital One 2012 Annual Report Download - page 143

Table C—Nonperforming Assets
December 31,
(Dollars in millions) 2012 2011 2010 2009 2008
Nonperforming loans held for investment:(1)(2) (3)
Credit Card:
International Credit Card .................................. $ 100 $ —$ —$ —$—
Total credit card ..................................... 100 ————
Consumer Banking:
Auto .................................................. 149 $ 106 $ 99 $ 143 $ 165
Home loan ............................................. 422 456 486 323 104
Retail banking(4) ......................................... 101 125 145 121 150
Total consumer banking ............................... 672 687 730 587 419
Commercial Banking:
Commercial and multifamily real estate ...................... 137 207 276 429 142
Commercial and industrial ................................. 133 125 181 178 76
Total commercial lending ............................. 270 332 457 607 218
Small-ticket commercial real estate .......................... 12 40 38 95 167
Total commercial banking ............................. 282 372 495 702 385
Total nonperforming loans held for investment ............. 1,054 1,059 1,225 1,289 804
Other nonperforming assets:
Foreclosed property(5) .................................... 204 169 306 234 89
Repossessed assets ....................................... 22 20 20 24 66
Total nonperforming assets ............................ $1,280 $1,248 $1,551 $1,547 $ 959
Nonperforming loans as a percentage of loans held for
investment(2) .......................................... 0.51% 0.78% 0.97% 0.94% 0.80%
Nonperforming assets as a percentage of loans held for investment
plus total other nonperforming assets(2) ..................... 0.62% 0.92% 1.23% 1.13% 0.95%
(1) The ratio of nonperforming loans as a percentage of total loans held for investment is calculated based on the nonperforming loans in
each loan category divided by the total outstanding unpaid principal balance of loans held for investment in each loan category. The
denominator used in calculating the nonperforming asset ratios consists of total loans held for investment and other nonperforming
assets.
(2) Our calculation of nonperforming loan and asset ratios includes the impact of acquired loans. However, we do not report acquired loans
as nonperforming unless they do not perform in accordance with our expectations as of the purchase date, as we recorded these loans at
estimated fair value when we acquired them. The nonperforming loan ratios, excluding the impact of acquired loans for commercial and
multifamily real estate, commercial and industrial, total commercial banking, home loan, retail banking, total consumer banking, and
total nonperforming loans held for investment were 0.78%, 0.68%, 0.73%, 5.48%, 1.83%, 1.66% and 0.62%, respectively, as of
December 31, 2012, compared with 1.33%, 0.75%, 1.10%, 7.22%, 2.21%, 2.03% and 0.81%, respectively, as of December 31, 2011. The
nonperforming asset ratio, excluding acquired loans, was 0.76% and 0.95% as of December 31, 2012 and 2011, respectively.
(3) The performing loan modifications and restructuring totaled $1.4 billion as of December 31, 2012 and 2011, respectively, and $1.0
billion and $713 million as of December 31, 2010 and 2009. There were an immaterial amount of loan modifications and restructurings
in 2008.
(4) Other loans are included in retail banking for all years presented.
(5) Includes foreclosed properties related to acquired loans of $167 million, $86 million and $201 million as of December 31, 2012, 2011
and 2010, respectively.
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