Capital One 2014 Annual Report Download - page 208

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186
December 31, 2013
Consumer Banking
Total
Credit Home Retail Consumer Commercial
(Dollars in millions) Card Auto Loan Banking Banking Banking Other Total
Allowance for loan and lease losses
by impairment methodology:
Collectively evaluated(1) . . . . . . . . . $ 2,953 $ 590 $ 27 $ 53 $ 670 $ 313 $ 11 $ 3,947
Asset-specific(2) . . . . . . . . . . . . . . . . 261 16 18 10 44 25 0 330
Acquired Loans(3) . . . . . . . . . . . . . . 0 0 38 0 38 0 0 38
Total allowance for loan and
lease losses . . . . . . . . . . . . . . . . . $ 3,214 $ 606 $ 83 $ 63 $ 752 $ 338 $ 11 $ 4,315
Loans held for investment by
impairment methodology:
Collectively evaluated(1) . . . . . . . . . $80,462 $31,683 $ 6,704 $3,501 $ 41,888 $ 44,420 $ 121 $166,891
Asset-specific(2) . . . . . . . . . . . . . . . . 780 169 394 86 649 329 0 1,758
Acquired Loans(3) . . . . . . . . . . . . . . 63 5 28,184 36 28,225 262 0 28,550
Total loans held for investment . . . . $81,305 $31,857 $35,282 $3,623 $ 70,762 $ 45,011 $ 121 $197,199
Allowance as a percentage of
period-end loans held for
investment . . . . . . . . . . . . . . . . . . 3.95% 1.90% 0.24% 1.74% 1.06% 0.75% 9.09% 2.19%
(1) The component of the allowance for loan and lease losses for credit card and other consumer loans that we collectively evaluate for impairment
is based on a statistical calculation supplemented by management judgment and interpretation. The component of the allowance for loan and
lease losses for commercial loans, which we collectively evaluate for impairment, is based on historical loss experience for loans with similar
characteristics and consideration of credit quality supplemented by management judgment and interpretation.
(2) The asset-specific component of the allowance for loan and lease losses for smaller-balance impaired loans is calculated on a pool basis
using historical loss experience for the respective class of assets. The asset-specific component of the allowance for loan and lease losses
for larger-balance commercial loans is individually calculated for each loan.
(3) The Acquired Loans component of the allowance for loan and lease losses is accounted for based on expected cash flows. See “Note 1—
Summary of Significant Accounting Policies” for details on these loans.
CAPITAL ONE FINANCIAL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Capital One Financial Corporation (COF)