Capital One 2013 Annual Report Download - page 204

CAPITAL ONE FINANCIAL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Total
Loans
Modified(1)
Year Ended December 31, 2012
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 ..... $ 353 100% 11.45% 0% 0 0% $ 0
International credit card . . 218 100 23.71 0 0 0 0
Total credit card ........ 571 100 15.64 0 0 0 0
Consumer Banking:
Auto .................. 338 51 6.71 69 8 50 219
Home loan ............. 62 65 2.50 75 128 45 10
Retail banking .......... 28 3 2.67 96 9 0 0
Total consumer banking . . 428 50 5.90 72 26 46 229
Commercial Banking:
Commercial and
multifamily real
estate ............... 62 38 2.18 90 16 0 0
Commercial and
industrial ............ 131 7 3.90 87 13 0 0
Total commercial
lending .............. 193 17 2.67 88 14 0 0
Small-ticket commercial
real estate ............ 0 0 0.00 0 0 0 0
Total commercial
banking ............. 193 17 2.67 88 14 0 0
Total ................. $1,192 69% 12.56% 40% 22 16% $229
(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 represents the gross balance 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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