Capital One 2014 Annual Report Download - page 203

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TDR—Subsequent Defaults of Completed TDR Modifications
The following table presents the type, number and amount of loans accounted for as TDRs that experienced a default
during the period and had completed a modification event in the twelve months prior to the default. A default occurs
if the loan is either 90 days or more delinquent, has been charged-off as of the end of the period presented, or has
been reclassified from accrual to nonaccrual status.
Table 4.11: TDR - Subsequent Defaults
Year Ended December 31,
2014 2013 2012
Number of Total Number of Total Number of Total
(Dollars in millions) Contracts Loans Contracts Loans Contracts Loans
Credit Card:
Domestic credit card . . . . . . . . . . . . . 40,814 $ 63 41,859 $ 72 43,103 $ 85
International credit card(1) . . . . . . . . . 38,195 106 47,688 138 48,663 164
Total credit card . . . . . . . . . . . . . . . . . . 79,009 169 89,547 210 91,766 249
Consumer Banking:
Auto . . . . . . . . . . . . . . . . . . . . . . . . . . 6,651 72 9,525 68 4,364 39
Home loan . . . . . . . . . . . . . . . . . . . . . 24 5 33 3 99 7
Retail banking . . . . . . . . . . . . . . . . . . 75 10 126 7 107 11
Total consumer banking . . . . . . . . . . . . 6,750 87 9,684 78 4,570 57
Commercial Banking:
Commercial and multifamily
real estate . . . . . . . . . . . . . . . . . . . . 5 11 14 23 8 10
Commercial and industrial . . . . . . . . 21 24 22 23 18
Total commercial lending . . . . . . . 7 12 38 45 31 28
Small-ticket commercial real estate . . 33 3 40 32
Total commercial banking . . . . . . . . . . 40 15 42 45 34 30
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . 85,799 $ 271 99,273 $ 333 96,370 $ 336
(1) The regulatory regime in the U.K. requires U.K. credit card businesses to accept payment plan proposals even when the proposed payments
are less than the contractual minimum amount. As a result, loans entering long-term TDR payment programs in the U.K. typically continue
to age and ultimately charge-off even when fully in compliance with the TDR program terms.
CAPITAL ONE FINANCIAL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Capital One Financial Corporation (COF)