Capital One 2012 Annual Report Download - page 144
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Table D—Net Charge-offs(1)
Year Ended December 31,
(Dollars in millions) 2012 2011 2010 2009 2008
Reported:
Average loans held for investment(2) ............ $187,915 $128,424 $128,526 $ 99,787 $ 98,971
Net charge-offs ............................. 3,555 3,771 6,651 4,568 3,478
Net charge-off rate(3) ........................ 1.89% 2.94% 5.18% 4.58% 3.51%
Managed:
Average loans held for investment(2) ............ $187,915 $128,424 $128,622 $143,514 $147,812
Net charge-offs ............................. 3,555 3,771 6,657 8,421 6,425
Net charge-off rate(3) ........................ 1.89% 2.94% 5.18% 5.87% 4.35%
(1) Net charge-offs reflect charge-offs, net of recoveries, related to our total held-for-investment loan portfolio, which we previously referred
to as our “managed” loan portfolio. The total held-for-investment loan portfolio includes loans recorded on our balance sheet and loans
held in our securitization trusts.
(2) The average balance of acquired loans, which are included in the total average loans held for investment used in calculating the net
charge-off rates, was $36.2 billion, $5.0 billion, $6.3 billion and $6.8 billion in 2012, 2011, 2010 and 2009, respectively. There were no
acquired loans included in the total average loans held for investment in 2008.
(3) Calculated for each loan category by dividing net charge-offs for the period divided by average loans held for investment during the
period.
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