Capital One 2012 Annual Report Download - page 262

CAPITAL ONE FINANCIAL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
For assets measured at fair value on a nonrecurring basis and still held on the consolidated balance sheet, the
following table provides the fair value measures by level of valuation assumptions used and the gains or losses
recognized for these assets as a result of fair value measurements.
December 31, 2012
Fair Value Measurements Using Assets
at Fair
Value
Significant
Valuation
Techniques
Significant Unobservable
Inputs
Range
(Weighted
Average)(Dollars in millions) Level 1 Level 2 Level 3
Assets
Loans held for sale .... $0 $201 $ 0 $201 N/A N/A N/A
Loans held for
investment ......... 0 0 162 162
Appraisal
Value Non-recoverable rate
0-100%
(13%)
Foreclosed property(1) .. 0 0 50 50
Appraisal
Value
Cost to Sell
Bias Factor
10-14%
0-11%
Other(2) ............. 0 0 59 59
Appraisal
Value Cost to Sell
6-6%
(6%)
Total ........... $0 $201 $271 $472
December 31, 2011
Fair Value Measurements Using Assets
at Fair
Value(Dollars in millions) Level 1 Level 2 Level 3
Assets
Loans held for sale ......................................... $0 $201 $ 0 $201
Loans held for investment ................................... 0 0 113 113
Foreclosed property(1) ...................................... 0 0 169 169
Other(2) .................................................. 0 0 21 21
Total ................................................ $0 $201 $303 $504
Total Gains (Losses)Year Ended December 31,
(Dollars in millions) 2012 2011
Assets
Loans held for sale ........................................... $0 $0
Loans held for investment ..................................... (50) (66)
Foreclosed property(1) ........................................ (12) (21)
Other(2) .................................................... (19) (19)
Total .................................................. $(14) $(106)
(1) Represents the fair value and related losses of foreclosed properties that were written down subsequent to their initial classification as
foreclosed properties.
(2) Consists of long lived assets classified as held for sale.
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