Capital One 2012 Annual Report Download - page 209

CAPITAL ONE FINANCIAL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Total
Loans
Modified(1)
December 31, 2011
Reduced Interest Rate Term Extension Balance Reduction
(Dollars in millions)
% of
TDR
Activity(2)(8)
Average
Rate
Reduction(3)
% of TDR
Activity(4)(8)
Average
Term
Extension
(Months)(5)
% of
TDR
Activity(6)(8)
Gross
Balance
Reduction(7)
Credit card:
Domestic credit card ......... $ 321 100% 10.33% 0% 0 0% $0
International credit card ....... 253 100 23.06 0 0 0 0
Total credit card ............. 574 100 15.93 0 0 0 0
Consumer banking:
Auto ...................... 78 65 1.39 100 10 0 0
Home loan ................. 57 49 2.57 74 95 8 0
Retail banking .............. 77 6 0.73 82 18 0 0
Total consumer banking ...... 212 39 1.75 86 32 2 0
Commercial banking:
Commercial and multifamily
real estate ................ 166 42 3.13 96 13 11 4
Commercial and industrial ..... 158 15 1.16 81 14 1 1
Total commercial lending ..... 324 29 2.62 89 14 6 5
Small-ticket commercial real
estate ................... 4 0 0.00 100 3 0 0
Total commercial banking ..... 328 28 2.62 89 13 6 5
Total ...................... $1,114 67% 12.70% 43% 21 2% $5
(1) Represents total loans modified and accounted for as a TDR during the period. Paydowns, charge-offs and any other changes in the loan
carrying value subsequent to the loan entering TDR status are not reflected.
(2) Percentage of loans modified and accounted for as a TDR during the period that were granted a reduced interest rate.
(3) Weighted average interest rate reduction for those loans that received an interest rate concession.
(4) Percentage of loans modified and accounted for as a TDR during the period that were granted a maturity date extension.
(5) Weighted average change in maturity date for those loans that received a maturity date extension.
(6) Percentage of loans modified and accounted for as a TDR during the period that were granted forgiveness or forbearance of a portion of
their balance.
(7) Total amount of forgiven. For loans modified in bankruptcy, the gross balance reduction represents collateral value write downs
associated with the discharge of the borrower’s obligations.
(8) Due to multiple concessions granted to some troubled borrowers, percentages may total more than 100% for certain loan types.
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