Capital One 2014 Annual Report Download - page 111

current market conditions. Although we generally retain commercial loans, we may syndicate large positions
for risk mitigation purposes. In addition, we originate and service multifamily commercial real estate loans which
are sold to the government-sponsored enterprises.
Loan Portfolio Composition
Our loan portfolio consists of loans held for investment, including restricted loans underlying our consolidated
securitization trusts and loans held for sale. Table 16 presents the composition of our portfolio of loans held for
investment, including Acquired Loans, by portfolio segment, as of December 31, 2014 and 2013. Table 16 and the
credit metrics presented in this section exclude loans held for sale, which are carried at lower of cost or fair value
and totaled $626 million and $218 million as of December 31, 2014, and 2013, respectively.
Table 16: Loan Portfolio Composition
December 31, 2014 December 31, 2013
(Dollars in millions) Loans % of Total Loans % of Total
Credit Card:
Domestic credit card(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 77,704 37.3% $ 73,255 37.1%
International credit card . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,172 3.9 8,050 4.1
Total credit card . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85,876 41.2 81,305 41.2
Consumer Banking:
Auto . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37,824 18.2 31,857 16.2
Home loan(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30,035 14.4 35,282 17.9
Retail banking . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,580 1.7 3,623 1.8
Total consumer banking . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 71,439 34.3 70,762 35.9
Commercial Banking:(3)
Commercial and multifamily real estate . . . . . . . . . . . . . . . . . . 23,137 11.1% 20,750 10.5%
Commercial and industrial . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26,972 12.9 23,309 11.8
Total commercial lending . . . . . . . . . . . . . . . . . . . . . . . . . . . 50,109 24.0 44,059 22.3
Small-ticket commercial real estate . . . . . . . . . . . . . . . . . . . . . 781 0.4 952 0.5
Total commercial banking . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50,890 24.4 45,011 22.8
Other:
Other loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 111 0.1 121 0.1
Total loans held for investment(3) . . . . . . . . . . . . . . . . . . . . . . . . . . $208,316 100.0% $197,199 100.0%
(1) Includes installment loans of $144 million and $323 million as of December 31, 2014 and 2013, respectively.
(2) Includes acquired home loans of $23.2 billion and $28.2 billion as of December 31, 2014 and 2013, respectively.
(3) Includes construction loans and land development loans totaling $2.3 billion and $2.0 billion as of December 31, 2014 and 2013,
respectively.
We market our credit card products throughout the United States, Canada and the United Kingdom. Our credit card
loan portfolio is geographically diversified due to our product and marketing approach, with higher concentrations
in California, New York, Texas, Florida, Illinois, Pennsylvania and Ohio.
Our auto loan portfolio is originated in most regions of the United States with a concentration in Texas, California,
Florida, Georgia, Louisiana, Illinois and Ohio. Our home loan portfolio is concentrated in California, New York,
Illinois, Maryland, Virginia, New Jersey and Florida, which reflects the characteristics of the ING Direct portfolio
that comprises the majority of our home loans. Retail banking includes small business loans and other consumer
lending products originated through our branch network with a concentration in Louisiana, New York, Texas, New
Jersey, Maryland, Virginia and California.
89 Capital One Financial Corporation (COF)